Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Oct. 31, 2017 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 | |
Trading Symbol | PFBX | |
Entity Registrant Name | PEOPLES FINANCIAL CORP /MS/ | |
Entity Central Index Key | 770,460 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 5,123,186 |
Consolidated Statements of Cond
Consolidated Statements of Condition - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Assets | ||
Cash and due from banks | $ 42,278 | $ 41,116 |
Available for sale securities | 245,788 | 233,578 |
Held to maturity securities, fair value of $49,303 at September 30, 2017; $46,935 at December 31, 2016 | 49,405 | 48,150 |
Other investments | 2,729 | 2,693 |
Federal Home Loan Bank Stock, at cost | 544 | 539 |
Loans | 272,823 | 315,355 |
Less: Allowance for loan losses | 6,152 | 5,466 |
Loans, net | 266,671 | 309,889 |
Bank premises and equipment, net of accumulated depreciation | 20,541 | 21,644 |
Other real estate | 8,081 | 8,513 |
Accrued interest receivable | 1,991 | 1,855 |
Cash surrender value of life insurance | 18,153 | 19,249 |
Other assets | 806 | 788 |
Total assets | 656,987 | 688,014 |
Deposits: | ||
Demand, non-interest bearing | 147,975 | 132,381 |
Savings and demand, interest bearing | 310,725 | 364,975 |
Time, $100,000 or more | 55,719 | 38,650 |
Other time deposits | 30,648 | 39,010 |
Total deposits | 545,067 | 575,016 |
Borrowings from Federal Home Loan Bank | 1,216 | 6,257 |
Employee and director benefit plans liabilities | 17,217 | 16,768 |
Other liabilities | 1,688 | 1,512 |
Total liabilities | 565,188 | 599,553 |
Shareholders' Equity: | ||
Common stock, $1 par value, 15,000,000 shares authorized, 5,123,186 shares issued and outstanding at September 30, 2017 and December 31, 2016 | 5,123 | 5,123 |
Surplus | 65,780 | 65,780 |
Undivided profits | 20,730 | 19,318 |
Accumulated other comprehensive income (loss), net of tax | 166 | (1,760) |
Total shareholders' equity | 91,799 | 88,461 |
Total liabilities and shareholders' equity | $ 656,987 | $ 688,014 |
Consolidated Statements of Con3
Consolidated Statements of Condition (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Statement of Financial Position [Abstract] | ||
Held to maturity securities, fair value | $ 49,303 | $ 46,935 |
Common stock, par value | $ 1 | $ 1 |
Common stock, shares authorized | 15,000,000 | 15,000,000 |
Common stock, shares issued | 5,123,186 | 5,123,186 |
Common stock, shares outstanding | 5,123,186 | 5,123,186 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Interest income: | ||||
Interest and fees on loans | $ 3,165 | $ 3,568 | $ 9,734 | $ 10,833 |
Interest and dividends on securities: | ||||
U.S. Treasuries | 413 | 283 | 1,203 | 740 |
U.S. Government agencies | 126 | 161 | 404 | 728 |
Mortgage-backed securities | 343 | 137 | 876 | 414 |
States and political subdivisions | 420 | 333 | 1,199 | 954 |
Corporate bonds | 7 | 8 | 23 | |
Other investments | 8 | 9 | 14 | 19 |
Interest on balances due from depository institutions | 148 | 95 | 384 | 212 |
Total interest income | 4,623 | 4,593 | 13,822 | 13,923 |
Interest expense: | ||||
Deposits | 381 | 237 | 981 | 661 |
Borrowings from Federal Home Loan Bank | 8 | 30 | 32 | 115 |
Total interest expense | 389 | 267 | 1,013 | 776 |
Net interest income | 4,234 | 4,326 | 12,809 | 13,147 |
Provision for allowance for loan losses | 29 | 85 | 137 | |
Net interest income after provision for allowance for loan losses | 4,205 | 4,326 | 12,724 | 13,010 |
Non-interest income: | ||||
Trust department income and fees | 430 | 429 | 1,224 | 1,192 |
Service charges on deposit accounts | 947 | 946 | 2,799 | 2,796 |
Gain on liquidation, sales and calls of securities | 67 | 137 | 158 | |
Income (loss) from other investments | 7 | (14) | 36 | (27) |
Increase in cash surrender value of life insurance | 98 | 102 | 326 | 295 |
Gain from death benefits from life insurance | 429 | |||
Other income | 128 | 236 | 376 | 523 |
Total non-interest income | 1,610 | 1,766 | 5,327 | 4,937 |
Non-interest expense: | ||||
Salaries and employee benefits | 2,746 | 2,776 | 8,344 | 8,305 |
Net occupancy | 493 | 559 | 1,548 | 1,798 |
Equipment rentals, depreciation and maintenance | 722 | 763 | 2,251 | 2,229 |
FDIC and state banking assessments | 130 | 232 | 327 | 661 |
Data processing | 322 | 334 | 972 | 1,006 |
ATM expense | 141 | 147 | 399 | 422 |
Other real estate expense | 305 | 26 | 635 | 500 |
Other expense | 720 | 849 | 2,450 | 2,405 |
Total non-interest expense | 5,579 | 5,686 | 16,926 | 17,326 |
Income before income taxes | 236 | 406 | 1,125 | 621 |
Income tax expense (benefit) | (338) | 78 | ||
Net income | $ 236 | $ 406 | $ 1,463 | $ 543 |
Basic and diluted earnings per share | $ 0.05 | $ 0.08 | $ 0.29 | $ 0.10 |
Dividends declared per share | $ 0.01 | $ 0.01 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Statement of Comprehensive Income [Abstract] | ||||
Net income | $ 236 | $ 406 | $ 1,463 | $ 543 |
Other comprehensive income (loss): | ||||
Net unrealized gain (loss) on available for sale securities | (319) | (598) | 2,063 | 2,132 |
Reclassification adjustment for realized gain on available for sale securities called or sold | (67) | (137) | (158) | |
Total other comprehensive income (loss) | (319) | (665) | 1,926 | 1,974 |
Total comprehensive income (loss) | $ (83) | $ (259) | $ 3,389 | $ 2,517 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Shareholders' Equity - 9 months ended Sep. 30, 2017 - USD ($) $ in Thousands | Total | Common Stock [Member] | Surplus [Member] | Undivided Profits [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Beginning balance at Dec. 31, 2016 | $ 88,461 | $ 5,123 | $ 65,780 | $ 19,318 | $ (1,760) |
Beginning balance, Shares at Dec. 31, 2016 | 5,123,186 | 5,123,186 | |||
Net income | $ 1,463 | 1,463 | |||
Dividend declared ($.01 per share) | (51) | (51) | |||
Other comprehensive income | 1,926 | 1,926 | |||
Ending balance at Sep. 30, 2017 | $ 91,799 | $ 5,123 | $ 65,780 | $ 20,730 | $ 166 |
Ending balance, Shares at Sep. 30, 2017 | 5,123,186 | 5,123,186 |
Consolidated Statement of Chan7
Consolidated Statement of Changes in Shareholders' Equity (Parenthetical) - $ / shares | Sep. 20, 2017 | Sep. 30, 2017 | Sep. 30, 2017 |
Statement of Stockholders' Equity [Abstract] | |||
Dividend declared per share | $ 0.01 | $ 0.01 | $ 0.01 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Cash flows from operating activities: | ||
Net income | $ 1,463 | $ 543 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 1,426 | 1,356 |
Provision for allowance for loan losses | 85 | 137 |
Writedown of other real estate | 397 | 420 |
(Gains) losses on sales of other real estate | 95 | (199) |
(Income) loss from other investments | (36) | 27 |
Gain from death benefits from life insurance | (429) | |
Amortization of held to maturity securities | 190 | 111 |
Amortization of available for sale securities | 130 | 17 |
Gain on sales and calls of securities | (137) | (158) |
Change in accrued interest receivable | (136) | 155 |
Increase in cash surrender value of life insurance | (326) | (295) |
Change in other assets | (18) | (274) |
Change in other liabilities | 574 | 217 |
Net cash provided by operating activities | 3,278 | 2,057 |
Cash flows from investing activities: | ||
Proceeds from maturities, sales and calls of available for sale securities | 58,201 | 141,834 |
Proceeds from maturities of held to maturity securities | 7,725 | 510 |
Purchases of available for sale securities | (68,478) | (145,832) |
Purchases of held to maturity securities | (9,170) | (17,120) |
(Purchase) redemption of Federal Home Loan Bank stock | (5) | 1,101 |
Proceeds from sales of other real estate | 1,296 | 2,017 |
Loans, net change | 41,777 | 10,431 |
Acquisition of bank premises and equipment | (323) | (583) |
Investment in cash surrender value of life insurance | (78) | (85) |
Proceeds from death benefits from life insurance | 1,929 | |
Net cash provided by (used in) investing activities | 32,874 | (7,727) |
Cash flows from financing activities: | ||
Demand and savings deposits, net change | (38,656) | 47,707 |
Time deposits, net change | 8,707 | 3,146 |
Borrowings from Federal Home Loan Bank | 98,920 | |
Repayments to Federal Home Loan Bank | (5,041) | (110,990) |
Net cash provided by (used in) financing activities | (34,990) | 38,783 |
Net increase in cash and cash equivalents | 1,162 | 33,113 |
Cash and cash equivalents, beginning of period | 41,116 | 31,396 |
Cash and cash equivalents, end of period | $ 42,278 | $ 64,509 |
Basis of Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Basis of Presentation | 1. Basis of Presentation: Peoples Financial Corporation (the “Company”) is a one-bank The accompanying unaudited consolidated financial statements and notes thereto contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly, in accordance with accounting principles generally accepted in the United States of America (“GAAP”), the financial position of the Company and its subsidiaries as of September 30, 2017 and the results of their operations and their cash flows for the periods presented. The interim financial information should be read in conjunction with the annual consolidated financial statements and the notes thereto included in the Company’s 2016 Annual Report and Form 10-K. The results of operations for the quarter or nine months ended September 30, 2017, are not necessarily indicative of the results to be expected for the full year. Use of Estimates - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the valuation of other real estate acquired in connection with foreclosure or in satisfaction of loans and valuation allowances associated with the realization of deferred tax assets, which are based on future taxable income. Summary of Significant Accounting Policies - The accounting and reporting policies of the Company conform to GAAP and general practices within the banking industry. There have been no material changes or developments in the application of principles or in our evaluation of the accounting estimates and the underlying assumptions or methodologies that we believe to be Critical Accounting Policies as disclosed in our Form 10-K New Accounting Pronouncements - In January 2017, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323): Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings. 2017-03 In February 2017, the FASB issued ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): ASU 2017-05 In March 2017, the FASB issued ASU 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. 2017-07 In March 2017, the FASB issued ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): 2017-08 |
Earnings Per Share
Earnings Per Share | 9 Months Ended |
Sep. 30, 2017 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | 2. Earnings Per Share: Per share data is based on the weighted average shares of common stock outstanding of 5,123,186 for the quarters and nine months ended September 30, 2017 and 2016. |
Statements of Cash Flows
Statements of Cash Flows | 9 Months Ended |
Sep. 30, 2017 | |
Supplemental Cash Flow Elements [Abstract] | |
Statements of Cash Flows | 3. Statements of Cash Flows: The Company has defined cash and cash equivalents as cash and due from banks. The Company paid $1,006,350 and $761,440 for the nine months ended September 30, 2017 and 2016, respectively, for interest on deposits and borrowings. No income tax payments were made during the nine months ended September 30, 2017. Income tax payments of $78,435 were made during the nine months ended September 30, 2016. Loans transferred to other real estate amounted to $1,355,642 and $1,758,764 during the nine months ended September 30, 2017 and 2016, respectively. |
Investments
Investments | 9 Months Ended |
Sep. 30, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments | 4. Investments: The amortized cost and fair value of securities at September 30, 2017 and December 31, 2016, are as follows (in thousands): September 30, 2017 Amortized Gross Gross Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 134,806 $ 5 $ (1,234 ) $ 133,577 U.S. Government agencies 19,988 70 (86 ) 19,972 Mortgage-backed securities 77,415 349 (561 ) 77,203 States and political subdivisions 14,176 402 14,578 Total debt securities 246,385 826 (1,881 ) 245,330 Equity securities 458 458 Total available for sale securities $ 246,843 $ 826 $ (1,881 ) $ 245,788 Held to maturity securities: U.S. Government agencies $ 8,185 $ $ (220 ) $ 7,965 States and political subdivisions 41,220 424 (306 ) 41,338 Total held to maturity securities $ 49,405 $ 424 $ (526 ) $ 49,303 December 31, 2016 Amortized Gross Gross Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 149,676 $ 39 $ (2,091 ) $ 147,624 U.S. Government agencies 24,973 58 (206 ) 24,825 Mortgage-backed securities 43,939 74 (1,305 ) 42,708 States and political subdivisions 17,513 450 17,963 Total debt securities 236,101 621 (3,602 ) 233,120 Equity securities 458 458 Total available for sale securities $ 236,559 $ 621 $ (3,602 ) $ 233,578 Held to maturity securities: U.S. Government agencies $ 10,009 $ $ (315 ) $ 9,694 States and political subdivisions 36,677 29 (927 ) 35,779 Corporate bond 1,464 (2 ) 1,462 Total held to maturity securities $ 48,150 $ 29 $ (1,244 ) $ 46,935 The amortized cost and fair value of debt securities at September 30, 2017 (in thousands), by contractual maturity, are shown on the following page. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair Value Available for sale securities: Due in one year or less $ 46,961 $ 46,895 Due after one year through five years 98,693 98,384 Due after five years through ten years 22,983 22,496 Due after ten years 333 352 Mortgage-backed securities 77,415 77,203 Totals $ 246,385 $ 245,330 Held to maturity securities: Due in one year or less $ 696 $ 697 Due after one year through five years 11,641 11,724 Due after five years through ten years 20,588 20,576 Due after ten years 16,480 16,306 Totals $ 49,405 $ 49,303 Available for sale and held to maturity securities with gross unrealized losses at September 30, 2017 and December 31, 2016, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands): Less Than Over Total September 30, 2017: Fair Value Gross Fair Value Gross Fair Value Gross U.S. Treasuries $ 113,777 $ 1,058 $ 9,815 $ 176 $ 123,592 $ 1,234 U.S. Government agencies 8,085 90 9,783 216 17,868 306 Mortgage-backed securities 31,326 382 3,902 179 35,228 561 States and political subdivisions 4,729 168 4,054 138 8,783 306 TOTAL $ 157,917 $ 1,698 $ 27,554 $ 709 $ 185,471 $ 2,407 December 31, 2016: U.S. Treasuries $ 97,634 $ 2,091 $ $ $ 97,634 $ 2,091 U.S. Government agencies 24,478 521 24,478 521 Mortgage-backed securities 37,663 1,305 37,663 1,305 States and political subdivisions 24,627 926 589 1 25,216 927 Corporate bond 1,462 2 1,462 2 TOTAL $ 184,402 $ 4,843 $ 2,051 $ 3 $ 186,453 $ 4,846 At September 30, 2017, 25 of 27 securities issued by the U.S. Treasury, 4 of the 6 securities issued by U.S. Government agencies, 27 of the 155 securities issued by states and political subdivisions and 16 of the 32 mortgage-backed securities contained unrealized losses. Management evaluates securities for other-than-temporary impairment on a monthly basis. In performing this evaluation, the length of time and the extent to which the fair value has been less than cost, the fact that the Company’s securities are primarily issued by U.S. Treasury and U.S. Government Agencies and the cause of the decline in value are considered. In addition, the Company does not intend to sell and it is not more likely than not that it will be required to sell these securities before maturity. While some available for sale securities have been sold for liquidity purposes or for gains, the Company has traditionally held its securities, including those classified as available for sale, until maturity. As a result of the evaluation of these securities, the Company has determined that the unrealized losses summarized in the tables above are not deemed to be other-than-temporary. Proceeds from sales and calls of available for sale securities were $23,703,484 and $29,250,806 during the nine months ended September 30, 2017 and 2016, respectively. Available for sale debt securities were sold or called for a realized gain of $136,781 and $157,918 for the nine months ended September 30, 2017 and 2016, respectively. Securities with a fair value of $180,107,293 and $180,659,168 at September 30, 2017 and December 31, 2016, respectively, were pledged to secure public deposits, federal funds purchased and other balances required by law. |
Loans
Loans | 9 Months Ended |
Sep. 30, 2017 | |
Receivables [Abstract] | |
Loans | 5. Loans: The composition of the loan portfolio at September 30, 2017 and December 31, 2016, is as follows (in thousands): September 30, December 31, Gaming $ 18,824 $ 31,311 Residential and land development 273 291 Real estate, construction 30,998 32,503 Real estate, mortgage 190,003 206,172 Commercial and industrial 26,009 37,035 Other 6,716 8,043 Total $ 272,823 $ 315,355 The age analysis of the loan portfolio, segregated by class of loans, as of September 30, 2017 and December 31, 2016, is as follows (in thousands): Number of Days Past Due Loans Past Due 30 - 59 60 - 89 Greater Total Past Current Total September 30, 2017: Gaming $ $ $ $ $ 18,824 $ 18,824 $ Residential and land development 273 273 273 Real estate, construction 1,343 130 747 2,220 28,778 30,998 Real estate, mortgage 4,640 139 7,815 12,594 177,409 190,003 256 Commercial and industrial 882 1,364 668 2,914 23,095 26,009 Other 45 8 53 6,663 6,716 Total $ 6,910 $ 1,641 $ 9,503 $ 18,054 $ 254,769 $ 272,823 $ 256 December 31, 2016: Gaming $ $ $ $ $ 31,311 $ 31,311 $ Residential and land development 291 291 291 Real estate, construction 902 216 1,082 2,200 30,303 32,503 Real estate, mortgage 4,608 1,923 4,471 11,002 195,170 206,172 Commercial and industrial 867 8 875 36,160 37,035 Other 44 36 80 160 7,883 8,043 Total $ 6,421 $ 2,175 $ 5,932 $ 14,528 $ 300,827 $ 315,355 $ The Company monitors the credit quality of its loan portfolio through the use of a loan grading system. A score of 1 – 5 is assigned to the loan on factors including repayment ability, trends in net worth and/or financial condition of the borrower and guarantors, employment stability, management ability, loan to value fluctuations, the type and structure of the loan, conformity of the loan to bank policy and payment performance. Based on the total score, a loan grade of A, B, C, S, D, E or F is applied. A grade of A will generally be applied to loans for customers that are well known to the Company and that have excellent sources of repayment. A grade of B will generally be applied to loans for customers that have excellent sources of repayment which have no identifiable risk of collection. A grade of C will generally be applied to loans for customers that have adequate sources of repayment which have little identifiable risk of collection. A grade of S will generally be applied to loans for customers who meet the criteria for a grade of C but also warrant additional monitoring by placement on the watch list. A grade of D will generally be applied to loans for customers that are inadequately protected by current sound net worth, paying capacity of the borrower, or pledged collateral. Loans with a grade of D have unsatisfactory characteristics such as cash flow deficiencies, bankruptcy filing by the borrower or dependence on the sale of collateral for the primary source of repayment, causing more than acceptable levels of risk. Loans 60 to 89 days past due receive a grade of D. A grade of E will generally be applied to loans for customers with weaknesses inherent in the “D” classification and in which collection or liquidation in full is questionable. In addition, on a monthly basis the Company determines which loans are 90 days or more past due and assigns a grade of E to them. A grade of F is applied to loans which are considered uncollectible and of such little value that their continuance in an active bank is not warranted. Loans with this grade are charged off, even though partial or full recovery may be possible in the future. An analysis of the loan portfolio by loan grade, segregated by class of loans, as of September 30, 2017 and December 31, 2016, is as follows (in thousands): Loans With A Grade Of: A, B or C S D E F Total September 30, 2017: Gaming $ 18,824 $ $ $ $ $ 18,824 Residential and land development 273 273 Real estate, construction 29,323 368 1,307 30,998 Real estate, mortgage 142,805 15,833 20,861 10,504 190,003 Commercial and industrial 13,720 9,132 271 2,886 26,009 Other 6,688 24 4 6,716 Total $ 211,360 $ 24,965 $ 21,524 $ 14,974 $ $ 272,823 December 31, 2016: Gaming $ 31,311 $ $ $ $ $ 31,311 Residential and land development 291 291 Real estate, construction 29,954 435 517 1,597 32,503 Real estate, mortgage 155,671 17,651 22,901 9,949 206,172 Commercial and industrial 13,926 21,680 867 562 37,035 Other 7,996 42 5 8,043 Total $ 238,858 $ 39,766 $ 24,327 $ 12,404 $ $ 315,355 A loan may be impaired but not on nonaccrual status when the loan is well secured and in the process of collection. Total loans on nonaccrual as of September 30, 2017 and December 31, 2016, are as follows (in thousands): September 30, December 31, Residential and land development $ 273 $ 291 Real estate, construction 1,307 1,598 Real estate, mortgage 9,992 9,445 Commercial and industrial 2,808 515 Other 4 5 Total $ 14,384 $ 11,854 Prior to 2016, certain loans were modified by granting interest rate concessions to these customers with such loans being classified as troubled debt restructurings. During 2016 and 2017, the Company did not restructure any additional loans. Specific reserves of $88,000 and $100,000 were allocated to troubled debt restructurings as of September 30, 2017 and December 31, 2016, respectively. The Bank had no commitments to lend additional amounts to customers with outstanding loans classified as troubled debt restructurings as of September 30, 2017 and December 31, 2016. Impaired loans, which include loans classified as nonaccrual and troubled debt restructurings, segregated by class of loans, as of September 30, 2017 and December 31, 2016, are as follows (in thousands): Unpaid Recorded Related Average Interest September 30, 2017: With no related allowance recorded: Real estate, construction $ 1,562 $ 1,088 $ $ 1,132 $ Real estate, mortgage 9,354 8,382 9,053 21 Commercial and industrial 2,797 2,758 2,780 Other 4 4 4 Total 13,717 12,232 12,969 21 With a related allowance recorded: Residential and land development 273 273 49 278 Real estate, construction 219 219 112 230 Real estate, mortgage 3,653 2,769 722 2,751 23 Commercial and industrial 50 50 15 49 Total 4,195 3,311 898 3,308 23 Total by class of loans: Residential and land development 273 273 49 278 Real estate, construction 1,781 1,307 112 1,362 Real estate, mortgage 13,007 11,151 722 11,804 44 Commercial and industrial 2,847 2,808 15 2,829 Other 4 4 4 Total $ 17,912 $ 15,543 $ 898 $ 16,277 $ 44 Unpaid Recorded Related Average Interest December 31, 2016: With no related allowance recorded: Real estate, construction $ 2,023 $ 1,331 $ $ 1,395 $ Real estate, mortgage 11,811 9,282 10,582 23 Commercial and industrial 553 515 538 Total 14,387 11,128 12,515 23 With a related allowance recorded: Residential and land development 291 291 66 304 Real estate, construction 267 267 141 283 Real estate, mortgage 1,347 1,347 195 1,080 30 Other 5 5 1 1 Total 1,910 1,910 403 1,668 30 Total by class of loans: Residential and land development 291 291 66 304 Real estate, construction 2,290 1,598 141 1,678 Real estate, mortgage 13,158 10,629 195 11,662 53 Commercial and industrial 553 515 538 Other 5 5 1 1 Total $ 16,297 $ 13,038 $ 403 $ 14,183 $ 53 |
Allowance for Loan Losses
Allowance for Loan Losses | 9 Months Ended |
Sep. 30, 2017 | |
Valuation and Qualifying Accounts [Abstract] | |
Allowance for Loan Losses | 6. Allowance for Loan Losses: Transactions in the allowance for loan losses for the quarters and nine months ended September 30, 2017 and 2016, and the balances of loans, individually and collectively evaluated for impairment, as of September 30, 2017 and 2016, are as follows (in thousands): Gaming Residential Real Estate, Real Commercial Other Total For the Nine Months Ended September 30, 2017: Allowance for Loan Losses: Beginning balance $ 545 $ 66 $ 199 $ 3,800 $ 651 $ 205 $ 5,466 Charge-offs (8 ) (32 ) (158 ) (198 ) Recoveries 685 31 12 11 60 799 Provision (119 ) (701 ) 43 854 (99 ) 107 85 Ending Balance $ 426 $ 50 $ 273 $ 4,658 $ 531 $ 214 $ 6,152 For the Quarter Ended September 30, 2017: Allowance for Loan Losses: Beginning Balance $ 396 $ 58 $ 232 $ 3,916 $ 672 $ 207 $ 5,481 Charge-offs (32 ) (63 ) (95 ) Recoveries 685 19 4 29 737 Provision 30 (693 ) 22 738 (109 ) 41 29 Ending Balance $ 426 $ 50 $ 273 $ 4,658 $ 531 $ 214 $ 6,152 Allowance for Loan Losses, September 30, 2017: Ending balance: individually evaluated for impairment $ $ 50 $ 112 $ 999 $ 211 $ 14 $ 1,386 Ending balance: collectively evaluated for impairment $ 426 $ $ 161 $ 3,659 $ 320 $ 200 $ 4,766 Total Loans, September 30, 2017: Ending balance: individually evaluated for impairment $ $ 273 $ 1,675 $ 31,365 $ 3,157 $ 28 $ 36,498 Ending balance: collectively evaluated for impairment $ 18,824 $ $ 29,323 $ 158,638 $ 22,852 $ 6,688 $ 236,325 Gaming Residential Real Estate, Real Commercial Other Total For the Nine Months Ended September 30, 2016: Allowance for Loan Losses: Beginning balance $ 582 $ 189 $ 589 $ 5,382 $ 1,075 $ 253 $ 8,070 Charge-offs (173 ) (700 ) (509 ) (153 ) (1,535 ) Recoveries 57 107 61 50 275 Provision 48 20 (113 ) (24 ) 127 79 137 Ending Balance $ 630 $ 209 $ 360 $ 4,765 $ 754 $ 229 $ 6,947 For the Quarter Ended September 30, 2016: Allowance for Loan Losses: Beginning Balance $ 582 $ 202 $ 375 $ 4,976 $ 718 $ 256 $ 7,109 Charge-offs (147 ) (59 ) (206 ) Recoveries 19 8 1 16 44 Provision 48 7 (34 ) (72 ) 35 16 Ending Balance $ 630 $ 209 $ 360 $ 4,765 $ 754 $ 229 $ 6,947 Allowance for Loan Losses, September 30, 2016: Ending balance: individually evaluated for impairment $ $ 109 $ 239 $ 1,311 $ 218 $ 17 $ 1,894 Ending balance: collectively evaluated for impairment $ 630 $ 100 $ 121 $ 3,454 $ 536 $ 212 $ 5,053 Total Loans, September 30, 2016: Ending balance: individually evaluated for impairment $ $ 300 $ 2,285 $ 35,260 $ 1,733 $ 33 $ 39,611 Ending balance: collectively evaluated for impairment $ 33,442 $ 610 $ 38,062 $ 167,348 $ 37,359 $ 7,675 $ 284,496 |
Deposits
Deposits | 9 Months Ended |
Sep. 30, 2017 | |
Banking and Thrift [Abstract] | |
Deposits | 7. Deposits: Time deposits of $100,000 or more at December 31, 2016 included brokered deposits of $5,000,000, which matured in 2017. Time deposits of $250,000 or more totaled approximately $32,483,000 and $25,143,000 at September 30, 2017 and December 31, 2016, respectively. |
Shareholders' Equity
Shareholders' Equity | 9 Months Ended |
Sep. 30, 2017 | |
Equity [Abstract] | |
Shareholders' Equity | 8. Shareholders’ Equity: On September 20, 2017, the Company declared a dividend of $ .01 per share. The dividend had a record date of October 2, 2017 and a payment date of October 13, 2017. |
Fair Value Measurements and Dis
Fair Value Measurements and Disclosures | 9 Months Ended |
Sep. 30, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements and Disclosures | 9. Fair Value Measurements and Disclosures: The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Available for sale securities are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record other assets at fair value on a non-recurring non-recurring Fair Value Hierarchy The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1 - Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 - Valuation is based upon quoted market prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 - Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of option pricing models, discounted cash flow models and similar techniques. Following is a description of valuation methodologies used to determine the fair value of financial assets and liabilities. Cash and Due from Banks The carrying amount shown as cash and due from banks approximates fair value. Available for Sale Securities The fair value of available for sale securities is based on quoted market prices. The Company’s available for sale securities are reported at their estimated fair value, which is determined utilizing several sources. The primary source is Interactive Data Corporation, which utilizes pricing models that vary based on asset class and include available trade, bid and other market information and whose methodology includes broker quotes, proprietary models and vast descriptive databases. Another source for determining fair value is matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark securities. The Company’s available for sale securities for which fair value is determined through the use of such pricing models and matrix pricing are classified as Level 2 assets. If the fair value of available for sale securities is generated through model-based techniques, including the discounting of estimated cash flows, such securities are classified as Level 3 assets. Held to Maturity Securities The fair value of held to maturity securities is based on quoted market prices. Other Investments The carrying amount shown as other investments approximates fair value. Federal Home Loan Bank Stock The carrying amount shown as Federal Home Loan Bank Stock approximates fair value. Loans The fair value of fixed rate loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings for the remaining maturities. The cash flows considered in computing the fair value of such loans are segmented into categories relating to the nature of the contract and collateral based on contractual principal maturities. Appropriate adjustments are made to reflect probable credit losses. Cash flows have not been adjusted for such factors as prepayment risk or the effect of the maturity of balloon notes. The fair value of floating rate loans is estimated to be its carrying value. At each reporting period, the Company determines which loans are impaired. Accordingly, the Company’s impaired loans are reported at their estimated fair value on a non-recurring non-recurring Other Real Estate In the course of lending operations, Management may determine that it is necessary to foreclose on the related collateral. Other real estate acquired through foreclosure is carried at fair value, less estimated costs to sell. The fair value of the collateral is based on appraisals performed by third-party valuation specialists. Factors including the assumptions and techniques utilized by the appraiser are considered by Management. If the current appraisal is more than one year old and/or the loan balance is more than $200,000, a new appraisal is obtained. Otherwise, the Bank’s in-house non-recurring Cash Surrender Value of Life Insurance The carrying amount of cash surrender value of bank-owned life insurance approximates fair value. Deposits The fair value of non-interest Borrowings from Federal Home Loan Bank The fair value of Federal Home Loan Bank (“FHLB”) fixed rate borrowings is estimated using discounted cash flows based on current incremental borrowing rates for similar types of borrowing arrangements. The fair value of FHLB variable rate borrowings is estimated to be its carrying value. The balances of available for sale securities, which are the only assets measured at fair value on a recurring basis, by level within the fair value hierarchy and by investment type, as of September 30, 2017 and December 31, 2016 are as follows (in thousands): Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2017: U.S. Treasuries $ 133,577 $ $ 133,577 $ U.S. Government agencies 19,972 19,972 Mortgage-backed securities 77,203 77,203 States and political subdivisions 14,578 14,578 Equity securities 458 458 Total $ 245,788 $ $ 245,788 $ December 31, 2016: U.S. Treasuries $ 147,624 $ $ 147,624 $ U.S. Government agencies 24,825 24,825 Mortgage-backed securities 42,708 42,708 States and political subdivisions 17,963 17,963 Equity securities 458 458 Total $ 233,578 $ $ 233,578 $ Impaired loans, which are measured at fair value on a non-recurring Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2017 $ 5,134 $ $ $ 5,134 December 31, 2016 5,006 5,006 Other real estate, which is measured at fair value on a non-recurring Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2017 $ 8,081 $ $ $ 8,081 December 31, 2016 8,513 8,513 The following table presents a summary of changes in the fair value of other real estate which is measured using level 3 inputs (in thousands): For the Nine For the Balance, beginning of period $ 8,513 $ 9,916 Loans transferred to ORE 1,356 1,903 Sales (1,391 ) (2,524 ) Writedowns (397 ) (782 ) Balance, end of period $ 8,081 $ 8,513 The carrying value and estimated fair value of financial instruments, by level within the fair value hierarchy, at September 30, 2017 and December 31, 2016, are as follows (in thousands): Carrying Fair Value Measurements Using Level 1 Level 2 Level 3 Total September 30, 2017: Financial Assets: Cash and due from banks $ 42,278 $ 42,278 $ $ $ 42,278 Available for sale securities 245,788 245,788 245,788 Held to maturity securities 49,405 49,303 49,303 Other investments 2,729 2,729 2,729 Federal Home Loan Bank stock 544 544 544 Loans, net 266,671 262,170 262,170 Other real estate 8,081 8,081 8,081 Cash surrender value of life insurance 18,153 18,153 18,153 Financial Liabilities: Deposits: Non-interest 147,975 147,975 147,975 Interest bearing 397,092 397,562 397,562 Borrowings from Federal Home Loan Bank 1,216 1,509 1,509 Carrying Fair value Measurements Using Level 1 Level 2 Level 3 Total December 31, 2016: Financial Assets: Cash and due from banks $ 41,116 $ 41,116 $ $ $ 41,116 Available for sale securities 233,578 233,578 233,578 Held to maturity securities 48,150 46,935 46,935 Other investments 2,693 2,693 2,693 Federal Home Loan Bank stock 539 539 539 Loans, net 309,889 313,613 313,613 Other real estate 8,513 8,513 8,513 Cash surrender value of life insurance 19,249 19,249 19,249 Financial Liabilities: Deposits: Non-interest 132,381 132,381 132,381 Interest bearing 442,635 442,937 442,937 Borrowings from Federal Home Loan Bank 6,257 6,491 6,491 |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Use of Estimates | Use of Estimates - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for loan losses, the valuation of other real estate acquired in connection with foreclosure or in satisfaction of loans and valuation allowances associated with the realization of deferred tax assets, which are based on future taxable income. |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies - The accounting and reporting policies of the Company conform to GAAP and general practices within the banking industry. There have been no material changes or developments in the application of principles or in our evaluation of the accounting estimates and the underlying assumptions or methodologies that we believe to be Critical Accounting Policies as disclosed in our Form 10-K |
New Accounting Pronouncements | New Accounting Pronouncements - In January 2017, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323): Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings. 2017-03 In February 2017, the FASB issued ASU 2017-05, Other Income - Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): ASU 2017-05 In March 2017, the FASB issued ASU 2017-07, Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. 2017-07 In March 2017, the FASB issued ASU 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): 2017-08 |
Investments (Tables)
Investments (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized Cost and Fair Value of Securities | The amortized cost and fair value of securities at September 30, 2017 and December 31, 2016, are as follows (in thousands): September 30, 2017 Amortized Gross Gross Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 134,806 $ 5 $ (1,234 ) $ 133,577 U.S. Government agencies 19,988 70 (86 ) 19,972 Mortgage-backed securities 77,415 349 (561 ) 77,203 States and political subdivisions 14,176 402 14,578 Total debt securities 246,385 826 (1,881 ) 245,330 Equity securities 458 458 Total available for sale securities $ 246,843 $ 826 $ (1,881 ) $ 245,788 Held to maturity securities: U.S. Government agencies $ 8,185 $ $ (220 ) $ 7,965 States and political subdivisions 41,220 424 (306 ) 41,338 Total held to maturity securities $ 49,405 $ 424 $ (526 ) $ 49,303 December 31, 2016 Amortized Gross Gross Fair Value Available for sale securities: Debt securities: U.S. Treasuries $ 149,676 $ 39 $ (2,091 ) $ 147,624 U.S. Government agencies 24,973 58 (206 ) 24,825 Mortgage-backed securities 43,939 74 (1,305 ) 42,708 States and political subdivisions 17,513 450 17,963 Total debt securities 236,101 621 (3,602 ) 233,120 Equity securities 458 458 Total available for sale securities $ 236,559 $ 621 $ (3,602 ) $ 233,578 Held to maturity securities: U.S. Government agencies $ 10,009 $ $ (315 ) $ 9,694 States and political subdivisions 36,677 29 (927 ) 35,779 Corporate bond 1,464 (2 ) 1,462 Total held to maturity securities $ 48,150 $ 29 $ (1,244 ) $ 46,935 |
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity | The amortized cost and fair value of debt securities at September 30, 2017 (in thousands), by contractual maturity, are shown on the following page. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair Value Available for sale securities: Due in one year or less $ 46,961 $ 46,895 Due after one year through five years 98,693 98,384 Due after five years through ten years 22,983 22,496 Due after ten years 333 352 Mortgage-backed securities 77,415 77,203 Totals $ 246,385 $ 245,330 Held to maturity securities: Due in one year or less $ 696 $ 697 Due after one year through five years 11,641 11,724 Due after five years through ten years 20,588 20,576 Due after ten years 16,480 16,306 Totals $ 49,405 $ 49,303 |
Available for Sale and Held to Maturity Securities with Gross Unrealized Losses | Available for sale and held to maturity securities with gross unrealized losses at September 30, 2017 and December 31, 2016, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands): Less Than Over Total September 30, 2017: Fair Value Gross Fair Value Gross Fair Value Gross U.S. Treasuries $ 113,777 $ 1,058 $ 9,815 $ 176 $ 123,592 $ 1,234 U.S. Government agencies 8,085 90 9,783 216 17,868 306 Mortgage-backed securities 31,326 382 3,902 179 35,228 561 States and political subdivisions 4,729 168 4,054 138 8,783 306 TOTAL $ 157,917 $ 1,698 $ 27,554 $ 709 $ 185,471 $ 2,407 December 31, 2016: U.S. Treasuries $ 97,634 $ 2,091 $ $ $ 97,634 $ 2,091 U.S. Government agencies 24,478 521 24,478 521 Mortgage-backed securities 37,663 1,305 37,663 1,305 States and political subdivisions 24,627 926 589 1 25,216 927 Corporate bond 1,462 2 1,462 2 TOTAL $ 184,402 $ 4,843 $ 2,051 $ 3 $ 186,453 $ 4,846 |
Loans (Tables)
Loans (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Receivables [Abstract] | |
Composition of Loan Portfolio | The composition of the loan portfolio at September 30, 2017 and December 31, 2016, is as follows (in thousands): September 30, December 31, Gaming $ 18,824 $ 31,311 Residential and land development 273 291 Real estate, construction 30,998 32,503 Real estate, mortgage 190,003 206,172 Commercial and industrial 26,009 37,035 Other 6,716 8,043 Total $ 272,823 $ 315,355 |
Age Analysis of Loan Portfolio, Segregated by Class of Loans | The age analysis of the loan portfolio, segregated by class of loans, as of September 30, 2017 and December 31, 2016, is as follows (in thousands): Number of Days Past Due Loans Past Due 30 - 59 60 - 89 Greater Total Past Current Total September 30, 2017: Gaming $ $ $ $ $ 18,824 $ 18,824 $ Residential and land development 273 273 273 Real estate, construction 1,343 130 747 2,220 28,778 30,998 Real estate, mortgage 4,640 139 7,815 12,594 177,409 190,003 256 Commercial and industrial 882 1,364 668 2,914 23,095 26,009 Other 45 8 53 6,663 6,716 Total $ 6,910 $ 1,641 $ 9,503 $ 18,054 $ 254,769 $ 272,823 $ 256 December 31, 2016: Gaming $ $ $ $ $ 31,311 $ 31,311 $ Residential and land development 291 291 291 Real estate, construction 902 216 1,082 2,200 30,303 32,503 Real estate, mortgage 4,608 1,923 4,471 11,002 195,170 206,172 Commercial and industrial 867 8 875 36,160 37,035 Other 44 36 80 160 7,883 8,043 Total $ 6,421 $ 2,175 $ 5,932 $ 14,528 $ 300,827 $ 315,355 $ |
Analysis of Loan Portfolio by Loan Grade, Segregated by Class of Loans | An analysis of the loan portfolio by loan grade, segregated by class of loans, as of September 30, 2017 and December 31, 2016, is as follows (in thousands): Loans With A Grade Of: A, B or C S D E F Total September 30, 2017: Gaming $ 18,824 $ $ $ $ $ 18,824 Residential and land development 273 273 Real estate, construction 29,323 368 1,307 30,998 Real estate, mortgage 142,805 15,833 20,861 10,504 190,003 Commercial and industrial 13,720 9,132 271 2,886 26,009 Other 6,688 24 4 6,716 Total $ 211,360 $ 24,965 $ 21,524 $ 14,974 $ $ 272,823 December 31, 2016: Gaming $ 31,311 $ $ $ $ $ 31,311 Residential and land development 291 291 Real estate, construction 29,954 435 517 1,597 32,503 Real estate, mortgage 155,671 17,651 22,901 9,949 206,172 Commercial and industrial 13,926 21,680 867 562 37,035 Other 7,996 42 5 8,043 Total $ 238,858 $ 39,766 $ 24,327 $ 12,404 $ $ 315,355 |
Total Loans on Nonaccrual | Total loans on nonaccrual as of September 30, 2017 and December 31, 2016, are as follows (in thousands): September 30, December 31, Residential and land development $ 273 $ 291 Real estate, construction 1,307 1,598 Real estate, mortgage 9,992 9,445 Commercial and industrial 2,808 515 Other 4 5 Total $ 14,384 $ 11,854 |
Impaired Loans, Segregated by Class of Loans | Impaired loans, which include loans classified as nonaccrual and troubled debt restructurings, segregated by class of loans, as of September 30, 2017 and December 31, 2016, are as follows (in thousands): Unpaid Recorded Related Average Interest September 30, 2017: With no related allowance recorded: Real estate, construction $ 1,562 $ 1,088 $ $ 1,132 $ Real estate, mortgage 9,354 8,382 9,053 21 Commercial and industrial 2,797 2,758 2,780 Other 4 4 4 Total 13,717 12,232 12,969 21 With a related allowance recorded: Residential and land development 273 273 49 278 Real estate, construction 219 219 112 230 Real estate, mortgage 3,653 2,769 722 2,751 23 Commercial and industrial 50 50 15 49 Total 4,195 3,311 898 3,308 23 Total by class of loans: Residential and land development 273 273 49 278 Real estate, construction 1,781 1,307 112 1,362 Real estate, mortgage 13,007 11,151 722 11,804 44 Commercial and industrial 2,847 2,808 15 2,829 Other 4 4 4 Total $ 17,912 $ 15,543 $ 898 $ 16,277 $ 44 Unpaid Recorded Related Average Interest December 31, 2016: With no related allowance recorded: Real estate, construction $ 2,023 $ 1,331 $ $ 1,395 $ Real estate, mortgage 11,811 9,282 10,582 23 Commercial and industrial 553 515 538 Total 14,387 11,128 12,515 23 With a related allowance recorded: Residential and land development 291 291 66 304 Real estate, construction 267 267 141 283 Real estate, mortgage 1,347 1,347 195 1,080 30 Other 5 5 1 1 Total 1,910 1,910 403 1,668 30 Total by class of loans: Residential and land development 291 291 66 304 Real estate, construction 2,290 1,598 141 1,678 Real estate, mortgage 13,158 10,629 195 11,662 53 Commercial and industrial 553 515 538 Other 5 5 1 1 Total $ 16,297 $ 13,038 $ 403 $ 14,183 $ 53 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Valuation and Qualifying Accounts [Abstract] | |
Transactions in Allowance for Loan Losses | Transactions in the allowance for loan losses for the quarters and nine months ended September 30, 2017 and 2016, and the balances of loans, individually and collectively evaluated for impairment, as of September 30, 2017 and 2016, are as follows (in thousands): Gaming Residential Real Estate, Real Commercial Other Total For the Nine Months Ended September 30, 2017: Allowance for Loan Losses: Beginning balance $ 545 $ 66 $ 199 $ 3,800 $ 651 $ 205 $ 5,466 Charge-offs (8 ) (32 ) (158 ) (198 ) Recoveries 685 31 12 11 60 799 Provision (119 ) (701 ) 43 854 (99 ) 107 85 Ending Balance $ 426 $ 50 $ 273 $ 4,658 $ 531 $ 214 $ 6,152 For the Quarter Ended September 30, 2017: Allowance for Loan Losses: Beginning Balance $ 396 $ 58 $ 232 $ 3,916 $ 672 $ 207 $ 5,481 Charge-offs (32 ) (63 ) (95 ) Recoveries 685 19 4 29 737 Provision 30 (693 ) 22 738 (109 ) 41 29 Ending Balance $ 426 $ 50 $ 273 $ 4,658 $ 531 $ 214 $ 6,152 Allowance for Loan Losses, September 30, 2017: Ending balance: individually evaluated for impairment $ $ 50 $ 112 $ 999 $ 211 $ 14 $ 1,386 Ending balance: collectively evaluated for impairment $ 426 $ $ 161 $ 3,659 $ 320 $ 200 $ 4,766 Total Loans, September 30, 2017: Ending balance: individually evaluated for impairment $ $ 273 $ 1,675 $ 31,365 $ 3,157 $ 28 $ 36,498 Ending balance: collectively evaluated for impairment $ 18,824 $ $ 29,323 $ 158,638 $ 22,852 $ 6,688 $ 236,325 Gaming Residential Real Estate, Real Commercial Other Total For the Nine Months Ended September 30, 2016: Allowance for Loan Losses: Beginning balance $ 582 $ 189 $ 589 $ 5,382 $ 1,075 $ 253 $ 8,070 Charge-offs (173 ) (700 ) (509 ) (153 ) (1,535 ) Recoveries 57 107 61 50 275 Provision 48 20 (113 ) (24 ) 127 79 137 Ending Balance $ 630 $ 209 $ 360 $ 4,765 $ 754 $ 229 $ 6,947 For the Quarter Ended September 30, 2016: Allowance for Loan Losses: Beginning Balance $ 582 $ 202 $ 375 $ 4,976 $ 718 $ 256 $ 7,109 Charge-offs (147 ) (59 ) (206 ) Recoveries 19 8 1 16 44 Provision 48 7 (34 ) (72 ) 35 16 Ending Balance $ 630 $ 209 $ 360 $ 4,765 $ 754 $ 229 $ 6,947 Allowance for Loan Losses, September 30, 2016: Ending balance: individually evaluated for impairment $ $ 109 $ 239 $ 1,311 $ 218 $ 17 $ 1,894 Ending balance: collectively evaluated for impairment $ 630 $ 100 $ 121 $ 3,454 $ 536 $ 212 $ 5,053 Total Loans, September 30, 2016: Ending balance: individually evaluated for impairment $ $ 300 $ 2,285 $ 35,260 $ 1,733 $ 33 $ 39,611 Ending balance: collectively evaluated for impairment $ 33,442 $ 610 $ 38,062 $ 167,348 $ 37,359 $ 7,675 $ 284,496 |
Fair Value Measurements and D22
Fair Value Measurements and Disclosures (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Assets Measured at Fair Value on a Recurring Basis | The balances of available for sale securities, which are the only assets measured at fair value on a recurring basis, by level within the fair value hierarchy and by investment type, as of September 30, 2017 and December 31, 2016 are as follows (in thousands): Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2017: U.S. Treasuries $ 133,577 $ $ 133,577 $ U.S. Government agencies 19,972 19,972 Mortgage-backed securities 77,203 77,203 States and political subdivisions 14,578 14,578 Equity securities 458 458 Total $ 245,788 $ $ 245,788 $ December 31, 2016: U.S. Treasuries $ 147,624 $ $ 147,624 $ U.S. Government agencies 24,825 24,825 Mortgage-backed securities 42,708 42,708 States and political subdivisions 17,963 17,963 Equity securities 458 458 Total $ 233,578 $ $ 233,578 $ |
Carrying Value and Estimated Fair Value of Financial Instruments | The carrying value and estimated fair value of financial instruments, by level within the fair value hierarchy, at September 30, 2017 and December 31, 2016, are as follows (in thousands): Carrying Fair Value Measurements Using Level 1 Level 2 Level 3 Total September 30, 2017: Financial Assets: Cash and due from banks $ 42,278 $ 42,278 $ $ $ 42,278 Available for sale securities 245,788 245,788 245,788 Held to maturity securities 49,405 49,303 49,303 Other investments 2,729 2,729 2,729 Federal Home Loan Bank stock 544 544 544 Loans, net 266,671 262,170 262,170 Other real estate 8,081 8,081 8,081 Cash surrender value of life insurance 18,153 18,153 18,153 Financial Liabilities: Deposits: Non-interest 147,975 147,975 147,975 Interest bearing 397,092 397,562 397,562 Borrowings from Federal Home Loan Bank 1,216 1,509 1,509 Carrying Fair value Measurements Using Level 1 Level 2 Level 3 Total December 31, 2016: Financial Assets: Cash and due from banks $ 41,116 $ 41,116 $ $ $ 41,116 Available for sale securities 233,578 233,578 233,578 Held to maturity securities 48,150 46,935 46,935 Other investments 2,693 2,693 2,693 Federal Home Loan Bank stock 539 539 539 Loans, net 309,889 313,613 313,613 Other real estate 8,513 8,513 8,513 Cash surrender value of life insurance 19,249 19,249 19,249 Financial Liabilities: Deposits: Non-interest 132,381 132,381 132,381 Interest bearing 442,635 442,937 442,937 Borrowings from Federal Home Loan Bank 6,257 6,491 6,491 |
Impaired Loans [Member] | |
Assets Measured at Fair Value on a Non-Recurring Basis | Impaired loans, which are measured at fair value on a non-recurring Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2017 $ 5,134 $ $ $ 5,134 December 31, 2016 5,006 5,006 |
Other Real Estate [Member] | |
Assets Measured at Fair Value on a Non-Recurring Basis | Other real estate, which is measured at fair value on a non-recurring Fair Value Measurements Using Total Level 1 Level 2 Level 3 September 30, 2017 $ 8,081 $ $ $ 8,081 December 31, 2016 8,513 8,513 |
Changes in Fair Value | The following table presents a summary of changes in the fair value of other real estate which is measured using level 3 inputs (in thousands): For the Nine For the Balance, beginning of period $ 8,513 $ 9,916 Loans transferred to ORE 1,356 1,903 Sales (1,391 ) (2,524 ) Writedowns (397 ) (782 ) Balance, end of period $ 8,081 $ 8,513 |
Basis of Presentation - Additio
Basis of Presentation - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2017Subsidiary | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Number of operating subsidiaries | 2 |
Earnings Per Share - Additional
Earnings Per Share - Additional Information (Detail) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] | ||||
Shares of common stock outstanding | 5,123,186 | 5,123,186 | 5,123,186 | 5,123,186 |
Statements of Cash Flows - Addi
Statements of Cash Flows - Additional Information (Detail) - USD ($) | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Supplemental Cash Flow Elements [Abstract] | ||
Interest on deposits and borrowings | $ 1,006,350 | $ 761,440 |
Income tax payments | 0 | 78,435 |
Loans transferred to other real estate | $ 1,355,642 | $ 1,758,764 |
Investments - Amortized Cost an
Investments - Amortized Cost and Fair Value of Securities (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | $ 246,385 | $ 236,101 |
Equity securities, amortized cost | 458 | 458 |
Total available for sale securities, amortized cost | 246,843 | 236,559 |
Total debt securities, gross unrealized gains | 826 | 621 |
Equity securities, gross unrealized gains | 0 | 0 |
Total available for sale securities, gross unrealized gains | 826 | 621 |
Total debt securities, gross unrealized losses | (1,881) | (3,602) |
Equity securities, gross unrealized losses | 0 | 0 |
Total available for sale securities, gross unrealized losses | (1,881) | (3,602) |
Total debt securities, fair value | 245,330 | 233,120 |
Equity securities, fair value | 458 | 458 |
Total available for sale securities, fair value | 245,788 | 233,578 |
Held to maturity securities, Amortized Cost | 49,405 | 48,150 |
Held to maturity securities, Gross Unrealized Gains | 424 | 29 |
Held to maturity securities, Gross Unrealized Losses | (526) | (1,244) |
Held to maturity securities, fair value | 49,303 | 46,935 |
States and Political Subdivisions [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | 14,176 | 17,513 |
Total debt securities, gross unrealized gains | 402 | 450 |
Total debt securities, fair value | 14,578 | 17,963 |
Held to maturity securities, Amortized Cost | 41,220 | 36,677 |
Held to maturity securities, Gross Unrealized Gains | 424 | 29 |
Held to maturity securities, Gross Unrealized Losses | (306) | (927) |
Held to maturity securities, fair value | 41,338 | 35,779 |
U.S. Treasuries [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | 134,806 | 149,676 |
Total debt securities, gross unrealized gains | 5 | 39 |
Total debt securities, gross unrealized losses | (1,234) | (2,091) |
Total debt securities, fair value | 133,577 | 147,624 |
U.S. Government Agencies [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | 19,988 | 24,973 |
Total debt securities, gross unrealized gains | 70 | 58 |
Total debt securities, gross unrealized losses | (86) | (206) |
Total debt securities, fair value | 19,972 | 24,825 |
Held to maturity securities, Amortized Cost | 8,185 | 10,009 |
Held to maturity securities, Gross Unrealized Losses | (220) | (315) |
Held to maturity securities, fair value | 7,965 | 9,694 |
Mortgage-backed Securities [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total debt securities, amortized cost | 77,415 | 43,939 |
Total debt securities, gross unrealized gains | 349 | 74 |
Total debt securities, gross unrealized losses | (561) | (1,305) |
Total debt securities, fair value | $ 77,203 | 42,708 |
Corporate Bond [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Held to maturity securities, Amortized Cost | 1,464 | |
Held to maturity securities, Gross Unrealized Losses | (2) | |
Held to maturity securities, fair value | $ 1,462 |
Investments - Amortized Cost 27
Investments - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Available for sale securities: | ||
Available for sale securities, Due in one year or less, Amortized Cost | $ 46,961 | |
Available for sale securities, Due after one year through five years, Amortized Cost | 98,693 | |
Available for sale securities, Due after five year through ten years, Amortized Cost | 22,983 | |
Available for sale securities, Due after ten years, Amortized Cost | 333 | |
Available for sale securities, Mortgage-backed securities, Amortized Cost | 77,415 | |
Total available for sale debt securities, Amortized Cost | 246,385 | $ 236,101 |
Available for sale securities, Due in one year or less, Fair Value | 46,895 | |
Available for sale securities, Due after one year through five years, Fair Value | 98,384 | |
Available for sale securities, Due after five years through ten years, Fair Value | 22,496 | |
Available for sale securities, Due after ten years, Fair Value | 352 | |
Available for sale securities, Mortgage-backed securities, Fair value | 77,203 | |
Total available for sale debt securities, Fair Value | 245,330 | 233,120 |
Held to maturity securities: | ||
Held to maturity securities, Due in one year or less, Amortized Cost | 696 | |
Held to maturity securities, Due after one year through five years, Amortized Cost | 11,641 | |
Held to maturity securities, Due after five years through ten years, Amortized Cost | 20,588 | |
Held to maturity securities, Due after ten years, Amortized Cost | 16,480 | |
Held to maturity securities, Amortized Cost | 49,405 | 48,150 |
Held to maturity securities, Due in one year or less, Fair Value | 697 | |
Held to maturity securities, Due after one year through five years, Fair Value | 11,724 | |
Held to maturity securities, Due after five years through ten years, Fair Value | 20,576 | |
Held to maturity securities, Due after ten years, Fair Value | 16,306 | |
Total held to maturity securities, Fair Value | $ 49,303 | $ 46,935 |
Investments - Available for Sal
Investments - Available for Sale and Held to Maturity Securities with Gross Unrealized Losses (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | $ 157,917 | $ 184,402 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 1,698 | 4,843 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 27,554 | 2,051 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 709 | 3 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 185,471 | 186,453 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 2,407 | 4,846 |
U.S. Treasuries [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | 113,777 | 97,634 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 1,058 | 2,091 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 9,815 | |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 176 | |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 123,592 | 97,634 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 1,234 | 2,091 |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | 8,085 | 24,478 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 90 | 521 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 9,783 | |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 216 | |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 17,868 | 24,478 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 306 | 521 |
Mortgage-backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | 31,326 | 37,663 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 382 | 1,305 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 3,902 | |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 179 | |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 35,228 | 37,663 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 561 | 1,305 |
States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | 4,729 | 24,627 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 168 | 926 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 4,054 | 589 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 138 | 1 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 8,783 | 25,216 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | $ 306 | 927 |
Corporate Bond [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 1,462 | |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 2 | |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 1,462 | |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | $ 2 |
Investments - Additional Inform
Investments - Additional Information (Detail) | 9 Months Ended | ||
Sep. 30, 2017USD ($)Securities | Sep. 30, 2016USD ($) | Dec. 31, 2016USD ($) | |
Schedule of Available-for-sale Securities [Line Items] | |||
Proceeds from sales and calls of available for sale securities | $ | $ 23,703,484 | $ 29,250,806 | |
Realized gain on sale of available for sale debt securities | $ | 136,781 | $ 157,918 | |
Amount of securities with fair value | $ | $ 180,107,293 | $ 180,659,168 | |
U.S. Treasuries [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities issued contained unrealized Loss | 25 | ||
Securities issued | 27 | ||
U.S. Government Agencies [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities issued contained unrealized Loss | 4 | ||
Securities issued | 6 | ||
States and Political Subdivisions [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities issued contained unrealized Loss | 27 | ||
Securities issued | 155 | ||
Mortgage-backed Securities [Member] | |||
Schedule of Available-for-sale Securities [Line Items] | |||
Securities issued contained unrealized Loss | 16 | ||
Securities issued | 32 |
Loans - Composition of Loan Por
Loans - Composition of Loan Portfolio (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans and Leases Receivable, Net Amount [Abstract] | ||
Gaming | $ 18,824 | $ 31,311 |
Residential and land development | 273 | 291 |
Real estate, construction | 30,998 | 32,503 |
Real estate, mortgage | 190,003 | 206,172 |
Commercial and industrial | 26,009 | 37,035 |
Other | 6,716 | 8,043 |
Total | $ 272,823 | $ 315,355 |
Loans - Age Analysis of Loan Po
Loans - Age Analysis of Loan Portfolio, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | $ 18,054 | $ 14,528 |
Current | 254,769 | 300,827 |
Total | 272,823 | 315,355 |
Loans Past Due Greater Than 90 Days and Still Accruing | 256 | |
Real Estate, Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 2,220 | 2,200 |
Current | 28,778 | 30,303 |
Total | 30,998 | 32,503 |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 2,914 | 875 |
Current | 23,095 | 36,160 |
Total | 26,009 | 37,035 |
Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 53 | 160 |
Current | 6,663 | 7,883 |
Total | 6,716 | 8,043 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 6,910 | 6,421 |
30-59 Days Past Due [Member] | Real Estate, Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 1,343 | 902 |
30-59 Days Past Due [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 882 | 867 |
30-59 Days Past Due [Member] | Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 45 | 44 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 1,641 | 2,175 |
60-89 Days Past Due [Member] | Real Estate, Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 130 | 216 |
60-89 Days Past Due [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 1,364 | |
60-89 Days Past Due [Member] | Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 8 | 36 |
Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 9,503 | 5,932 |
Greater than 90 Days Past Due [Member] | Real Estate, Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 747 | 1,082 |
Greater than 90 Days Past Due [Member] | Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 668 | 8 |
Greater than 90 Days Past Due [Member] | Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 80 | |
Gaming [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 18,824 | 31,311 |
Total | 18,824 | 31,311 |
Residential and Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 273 | 291 |
Total | 273 | 291 |
Residential and Land Development [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 273 | 291 |
Real Estate, Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 12,594 | 11,002 |
Current | 177,409 | 195,170 |
Total | 190,003 | 206,172 |
Loans Past Due Greater Than 90 Days and Still Accruing | 256 | |
Real Estate, Mortgage [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 4,640 | 4,608 |
Real Estate, Mortgage [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 139 | 1,923 |
Real Estate, Mortgage [Member] | Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | $ 7,815 | $ 4,471 |
Loans - Analysis of Loan Portfo
Loans - Analysis of Loan Portfolio by Loan Grade, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Gaming | $ 18,824 | $ 31,311 |
Residential and land development | 273 | 291 |
Real estate, construction | 30,998 | 32,503 |
Real estate, mortgage | 190,003 | 206,172 |
Commercial and industrial | 26,009 | 37,035 |
Other | 6,716 | 8,043 |
Total | 272,823 | 315,355 |
A, B or C [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Gaming | 18,824 | 31,311 |
Real estate, construction | 29,323 | 29,954 |
Real estate, mortgage | 142,805 | 155,671 |
Commercial and industrial | 13,720 | 13,926 |
Other | 6,688 | 7,996 |
Total | 211,360 | 238,858 |
S [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Real estate, construction | 435 | |
Real estate, mortgage | 15,833 | 17,651 |
Commercial and industrial | 9,132 | 21,680 |
Total | 24,965 | 39,766 |
D [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Real estate, construction | 368 | 517 |
Real estate, mortgage | 20,861 | 22,901 |
Commercial and industrial | 271 | 867 |
Other | 24 | 42 |
Total | 21,524 | 24,327 |
E [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Residential and land development | 273 | 291 |
Real estate, construction | 1,307 | 1,597 |
Real estate, mortgage | 10,504 | 9,949 |
Commercial and industrial | 2,886 | 562 |
Other | 4 | 5 |
Total | $ 14,974 | $ 12,404 |
Loans - Total Loans on Nonaccru
Loans - Total Loans on Nonaccrual (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | $ 14,384 | $ 11,854 |
Total loans on nonaccrual | 6,716 | 8,043 |
Residential and Land Development [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 273 | 291 |
Real Estate, Mortgage [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 9,992 | 9,445 |
Real Estate, Construction [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 1,307 | 1,598 |
Commercial and Industrial [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 2,808 | 515 |
Other [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | $ 4 | $ 5 |
Loans - Additional Information
Loans - Additional Information (Detail) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
Receivables [Abstract] | ||
Specific reserves allocated to troubled debt restructurings | $ 88,000 | $ 100,000 |
Commitments to lend additional amounts to customers with outstanding loans classified as troubled debt restructurings | $ 0 | $ 0 |
Loans - Impaired Loans, Segrega
Loans - Impaired Loans, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | $ 13,717 | $ 14,387 |
With no related allowance recorded, Recorded Investment | 12,232 | 11,128 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 12,969 | 12,515 |
With no related allowance recorded, Interest Income Recognized | 21 | 23 |
With a related allowance recorded, Unpaid Principal Balance | 4,195 | 1,910 |
With a related allowance recorded, Recorded Investment | 3,311 | 1,910 |
With a related allowance recorded, Related Allowance | 898 | 403 |
With a related allowance recorded, Average Recorded Investment | 3,308 | 1,668 |
With a related allowance recorded, Interest Income Recognized | 23 | 30 |
Total by class of loans, Unpaid Principal Balance | 17,912 | 16,297 |
Total by class of loans, Recorded Investment | 15,543 | 13,038 |
Total by class of loans, Related Allowance | 898 | 403 |
Total by class of loans, Average Recorded Investment | 16,277 | 14,183 |
Total by class of loans, Interest Income Recognized | 44 | 53 |
Real Estate, Construction [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 1,562 | 2,023 |
With no related allowance recorded, Recorded Investment | 1,088 | 1,331 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 1,132 | 1,395 |
With a related allowance recorded, Unpaid Principal Balance | 219 | 267 |
With a related allowance recorded, Recorded Investment | 219 | 267 |
With a related allowance recorded, Related Allowance | 112 | 141 |
With a related allowance recorded, Average Recorded Investment | 230 | 283 |
Total by class of loans, Unpaid Principal Balance | 1,781 | 2,290 |
Total by class of loans, Recorded Investment | 1,307 | 1,598 |
Total by class of loans, Related Allowance | 112 | 141 |
Total by class of loans, Average Recorded Investment | 1,362 | 1,678 |
Commercial and Industrial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 2,797 | 553 |
With no related allowance recorded, Recorded Investment | 2,758 | 515 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 2,780 | 538 |
With a related allowance recorded, Unpaid Principal Balance | 50 | |
With a related allowance recorded, Recorded Investment | 50 | |
With a related allowance recorded, Related Allowance | 15 | |
With a related allowance recorded, Average Recorded Investment | 49 | |
Total by class of loans, Unpaid Principal Balance | 2,847 | 553 |
Total by class of loans, Recorded Investment | 2,808 | 515 |
Total by class of loans, Related Allowance | 15 | |
Total by class of loans, Average Recorded Investment | 2,829 | 538 |
Other [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 4 | |
With no related allowance recorded, Recorded Investment | 4 | |
With no related allowance recorded, Related Allowance | 0 | |
With no related allowance recorded, Average Recorded Investment | 4 | |
With a related allowance recorded, Unpaid Principal Balance | 5 | |
With a related allowance recorded, Recorded Investment | 5 | |
With a related allowance recorded, Related Allowance | 1 | |
With a related allowance recorded, Average Recorded Investment | 1 | |
Total by class of loans, Unpaid Principal Balance | 4 | 5 |
Total by class of loans, Recorded Investment | 4 | 5 |
Total by class of loans, Related Allowance | 1 | |
Total by class of loans, Average Recorded Investment | 4 | 1 |
Residential and Land Development [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With a related allowance recorded, Unpaid Principal Balance | 273 | 291 |
With a related allowance recorded, Recorded Investment | 273 | 291 |
With a related allowance recorded, Related Allowance | 49 | 66 |
With a related allowance recorded, Average Recorded Investment | 278 | 304 |
Total by class of loans, Unpaid Principal Balance | 273 | 291 |
Total by class of loans, Recorded Investment | 273 | 291 |
Total by class of loans, Related Allowance | 49 | 66 |
Total by class of loans, Average Recorded Investment | 278 | 304 |
Real Estate, Mortgage [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 9,354 | 11,811 |
With no related allowance recorded, Recorded Investment | 8,382 | 9,282 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 9,053 | 10,582 |
With no related allowance recorded, Interest Income Recognized | 21 | 23 |
With a related allowance recorded, Unpaid Principal Balance | 3,653 | 1,347 |
With a related allowance recorded, Recorded Investment | 2,769 | 1,347 |
With a related allowance recorded, Related Allowance | 722 | 195 |
With a related allowance recorded, Average Recorded Investment | 2,751 | 1,080 |
With a related allowance recorded, Interest Income Recognized | 23 | 30 |
Total by class of loans, Unpaid Principal Balance | 13,007 | 13,158 |
Total by class of loans, Recorded Investment | 11,151 | 10,629 |
Total by class of loans, Related Allowance | 722 | 195 |
Total by class of loans, Average Recorded Investment | 11,804 | 11,662 |
Total by class of loans, Interest Income Recognized | $ 44 | $ 53 |
Allowance for Loan Losses - Tra
Allowance for Loan Losses - Transactions in Allowance for loan Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | $ 5,481 | $ 7,109 | $ 5,466 | $ 8,070 |
Charge-offs | (95) | (206) | (198) | (1,535) |
Recoveries | 737 | 44 | 799 | 275 |
Provision | 29 | 85 | 137 | |
Ending Balance | 6,152 | 6,947 | 6,152 | 6,947 |
Individually evaluated for impairment | 1,386 | 1,894 | 1,386 | 1,894 |
Collectively evaluated for impairment | 4,766 | 5,053 | 4,766 | 5,053 |
Individually evaluated for impairment, Total | 36,498 | 39,611 | 36,498 | 39,611 |
Collectively evaluated for impairment, Total | 236,325 | 284,496 | 236,325 | 284,496 |
Real Estate, Construction [Member] | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | 232 | 375 | 199 | 589 |
Charge-offs | (173) | |||
Recoveries | 19 | 19 | 31 | 57 |
Provision | 22 | (34) | 43 | (113) |
Ending Balance | 273 | 360 | 273 | 360 |
Individually evaluated for impairment | 112 | 239 | 112 | 239 |
Collectively evaluated for impairment | 161 | 121 | 161 | 121 |
Individually evaluated for impairment, Total | 1,675 | 2,285 | 1,675 | 2,285 |
Collectively evaluated for impairment, Total | 29,323 | 38,062 | 29,323 | 38,062 |
Commercial and Industrial [Member] | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | 672 | 718 | 651 | 1,075 |
Charge-offs | (32) | (32) | (509) | |
Recoveries | 1 | 11 | 61 | |
Provision | (109) | 35 | (99) | 127 |
Ending Balance | 531 | 754 | 531 | 754 |
Individually evaluated for impairment | 211 | 218 | 211 | 218 |
Collectively evaluated for impairment | 320 | 536 | 320 | 536 |
Individually evaluated for impairment, Total | 3,157 | 1,733 | 3,157 | 1,733 |
Collectively evaluated for impairment, Total | 22,852 | 37,359 | 22,852 | 37,359 |
Other [Member] | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | 207 | 256 | 205 | 253 |
Charge-offs | (63) | (59) | (158) | (153) |
Recoveries | 29 | 16 | 60 | 50 |
Provision | 41 | 16 | 107 | 79 |
Ending Balance | 214 | 229 | 214 | 229 |
Individually evaluated for impairment | 14 | 17 | 14 | 17 |
Collectively evaluated for impairment | 200 | 212 | 200 | 212 |
Individually evaluated for impairment, Total | 28 | 33 | 28 | 33 |
Collectively evaluated for impairment, Total | 6,688 | 7,675 | 6,688 | 7,675 |
Gaming [Member] | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | 396 | 582 | 545 | 582 |
Provision | 30 | 48 | (119) | 48 |
Ending Balance | 426 | 630 | 426 | 630 |
Collectively evaluated for impairment | 426 | 630 | 426 | 630 |
Collectively evaluated for impairment, Total | 18,824 | 33,442 | 18,824 | 33,442 |
Residential and Land Development [Member] | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | 58 | 202 | 66 | 189 |
Recoveries | 685 | 685 | ||
Provision | (693) | 7 | (701) | 20 |
Ending Balance | 50 | 209 | 50 | 209 |
Individually evaluated for impairment | 50 | 109 | 50 | 109 |
Collectively evaluated for impairment | 100 | 100 | ||
Individually evaluated for impairment, Total | 273 | 300 | 273 | 300 |
Collectively evaluated for impairment, Total | 610 | 610 | ||
Real Estate, Mortgage [Member] | ||||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||||
Beginning Balance | 3,916 | 4,976 | 3,800 | 5,382 |
Charge-offs | (147) | (8) | (700) | |
Recoveries | 4 | 8 | 12 | 107 |
Provision | 738 | (72) | 854 | (24) |
Ending Balance | 4,658 | 4,765 | 4,658 | 4,765 |
Individually evaluated for impairment | 999 | 1,311 | 999 | 1,311 |
Collectively evaluated for impairment | 3,659 | 3,454 | 3,659 | 3,454 |
Individually evaluated for impairment, Total | 31,365 | 35,260 | 31,365 | 35,260 |
Collectively evaluated for impairment, Total | $ 158,638 | $ 167,348 | $ 158,638 | $ 167,348 |
Deposits - Additional Informati
Deposits - Additional Information (Detail) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
Deposits [Line Items] | ||
Brokered deposits | $ 5,000,000 | |
Time Deposits of $250,000 or More [Member] | ||
Deposits [Line Items] | ||
Time deposits total amount | $ 32,483,000 | $ 25,143,000 |
Shareholder's Equity - Addition
Shareholder's Equity - Additional Information (Detail) - $ / shares | Sep. 20, 2017 | Sep. 30, 2017 | Sep. 30, 2017 |
Equity [Abstract] | |||
Dividend declared per share | $ 0.01 | $ 0.01 | $ 0.01 |
Dividend declared date | Sep. 20, 2017 | ||
Dividend payable date of record | Oct. 2, 2017 | ||
Dividend payable date | Oct. 13, 2017 |
Fair Value Measurements and D39
Fair Value Measurements and Disclosures - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2017USD ($) | |
Fair Value Disclosures [Abstract] | |
Minimum current appraisal is more than one year old and/or the loan balance | $ 200,000 |
Percentage of time deposits provide for automatic renewal at current interest rates | 98.00% |
Fair Value Measurements and D40
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale, Equity securities | $ 458 | $ 458 |
Available for sale securities | 245,788 | 233,578 |
U.S. Treasuries [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 133,577 | 147,624 |
U.S. Government Agencies [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 19,972 | 24,825 |
Mortgage-backed Securities [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 77,203 | 42,708 |
States and Political Subdivisions [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 14,578 | 17,963 |
Level 2 [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale, Equity securities | 458 | 458 |
Available for sale securities | 245,788 | 233,578 |
Level 2 [Member] | U.S. Treasuries [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 133,577 | 147,624 |
Level 2 [Member] | U.S. Government Agencies [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 19,972 | 24,825 |
Level 2 [Member] | Mortgage-backed Securities [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | 77,203 | 42,708 |
Level 2 [Member] | States and Political Subdivisions [Member] | ||
Fair Value Assets Measured On Recurring Basis [Abstract] | ||
Available for sale securities | $ 14,578 | $ 17,963 |
Fair Value Measurements and D41
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Impairment Loans (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value measured on non-recurring basis, impaired loans | $ 5,134 | $ 5,006 |
Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value measured on non-recurring basis, impaired loans | $ 5,134 | $ 5,006 |
Fair Value Measurements and D42
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Other Real Estate (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on a non-recurring basis, other real estate | $ 8,081 | $ 8,513 | $ 9,916 |
Level 3 [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Assets measured at fair value on a non-recurring basis, other real estate | $ 8,081 | $ 8,513 |
Fair Value Measurements and D43
Fair Value Measurements and Disclosures - Change in Fair Value of Other Real Estate (Detail) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Other Real Estate [Abstract] | ||
Balance, beginning of period | $ 8,513 | $ 9,916 |
Loans transferred to ORE | 1,356 | 1,903 |
Sales | (1,391) | (2,524) |
Writedowns | (397) | (782) |
Balance, end of period | $ 8,081 | $ 8,513 |
Fair Value Measurements and D44
Fair Value Measurements and Disclosures - Carrying Value and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financial Assets: | ||
Cash and due from banks | $ 42,278 | $ 41,116 |
Available for sale securities | 245,788 | 233,578 |
Held to maturity securities | 49,405 | 48,150 |
Held to maturity securities, fair value | 49,303 | 46,935 |
Other investments | 2,729 | 2,693 |
Other investments, Fair Value | 2,729 | 2,693 |
Federal Home Loan Bank stock | 544 | 539 |
Federal Home Loan Bank stock, Fair Value | 544 | 539 |
Loans, net | 266,671 | 309,889 |
Loans, net, Fair Value | 262,170 | 313,613 |
Other real estate | 8,081 | 8,513 |
Other real estate, Fair Value | 8,081 | 8,513 |
Cash surrender value of life insurance | 18,153 | 19,249 |
Cash surrender value of life insurance, Fair Value | 18,153 | 19,249 |
Deposits: | ||
Non-interest bearing | 147,975 | 132,381 |
Non-interest bearing, Fair Value | 147,975 | 132,381 |
Interest bearing, Fair Value | 397,562 | 442,937 |
Borrowings from Federal Home Loan Bank | 1,216 | 6,257 |
Borrowings from Federal Home Loan Bank, Fair Value | 1,509 | 6,491 |
Carrying Amount [Member] | ||
Financial Assets: | ||
Cash and due from banks | 42,278 | 41,116 |
Available for sale securities | 245,788 | 233,578 |
Held to maturity securities | 49,405 | 48,150 |
Other investments | 2,729 | 2,693 |
Federal Home Loan Bank stock | 544 | 539 |
Loans, net | 266,671 | 309,889 |
Other real estate | 8,081 | 8,513 |
Cash surrender value of life insurance | 18,153 | 19,249 |
Deposits: | ||
Non-interest bearing | 147,975 | 132,381 |
Interest bearing | 397,092 | 442,635 |
Borrowings from Federal Home Loan Bank | 1,216 | 6,257 |
Level 1 [Member] | ||
Financial Assets: | ||
Cash and due from banks | 42,278 | 41,116 |
Other investments, Fair Value | 2,729 | 2,693 |
Deposits: | ||
Non-interest bearing, Fair Value | 147,975 | 132,381 |
Level 2 [Member] | ||
Financial Assets: | ||
Available for sale securities | 245,788 | 233,578 |
Held to maturity securities, fair value | 49,303 | 46,935 |
Federal Home Loan Bank stock, Fair Value | 544 | 539 |
Cash surrender value of life insurance, Fair Value | 18,153 | 19,249 |
Deposits: | ||
Borrowings from Federal Home Loan Bank, Fair Value | 1,509 | 6,491 |
Level 3 [Member] | ||
Financial Assets: | ||
Loans, net, Fair Value | 262,170 | 313,613 |
Other real estate, Fair Value | 8,081 | 8,513 |
Deposits: | ||
Interest bearing, Fair Value | $ 397,562 | $ 442,937 |