Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2018 | Apr. 30, 2018 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
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 | 5,072,794 |
Consolidated Statements of Cond
Consolidated Statements of Condition - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Assets | ||
Cash and due from banks | $ 31,519 | $ 25,281 |
Available for sale securities | 239,937 | 245,206 |
Held to maturity securities, fair value of $49,558 at March 31, 2018; $50,538 at December 31, 2017 | 50,882 | 51,163 |
Other investments | 3,154 | 3,193 |
Federal Home Loan Bank Stock, at cost | 1,432 | 1,370 |
Loans | 275,452 | 280,449 |
Less: Allowance for loan losses | 6,212 | 6,153 |
Loans, net | 269,240 | 274,296 |
Bank premises and equipment, net of accumulated depreciation | 19,919 | 20,153 |
Other real estate | 8,845 | 8,232 |
Accrued interest receivable | 2,098 | 1,904 |
Cash surrender value of life insurance | 18,430 | 18,301 |
Other assets | 1,390 | 1,325 |
Total assets | 646,846 | 650,424 |
Deposits: | ||
Demand, non-interest bearing | 162,495 | 127,274 |
Savings and demand, interest bearing | 289,437 | 318,278 |
Time, $100,000 or more | 58,168 | 43,991 |
Other time deposits | 28,836 | 40,027 |
Total deposits | 538,936 | 529,570 |
Borrowings from Federal Home Loan Bank | 1,184 | 11,198 |
Employee and director benefit plans liabilities | 18,503 | 18,370 |
Other liabilities | 1,171 | 1,787 |
Total liabilities | 559,794 | 560,925 |
Shareholders' Equity: | ||
Common stock, $1 par value, 15,000,000 shares authorized, 5,072,794 and 5,083,186 shares issued and outstanding at March 31, 2018 and December 31, 2017 | 5,073 | 5,083 |
Surplus | 65,780 | 65,780 |
Undivided profits | 21,720 | 21,563 |
Accumulated other comprehensive loss, net of tax | (5,521) | (2,927) |
Total shareholders' equity | 87,052 | 89,499 |
Total liabilities and shareholders' equity | $ 646,846 | $ 650,424 |
Consolidated Statements of Con3
Consolidated Statements of Condition (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Statement of Financial Position [Abstract] | ||
Held to maturity securities, fair value | $ 49,558 | $ 50,538 |
Common stock, par value | $ 1 | $ 1 |
Common stock, shares authorized | 15,000,000 | 15,000,000 |
Common stock, shares issued | 5,072,794 | 5,083,186 |
Common stock, shares outstanding | 5,072,794 | 5,083,186 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Interest income: | ||
Interest and fees on loans | $ 3,233 | $ 3,274 |
Interest and dividends on securities: | ||
U.S. Treasuries | 379 | 415 |
U.S. Government agencies | 122 | 142 |
Mortgage-backed securities | 550 | 265 |
States and political subdivisions | 439 | 393 |
Corporate bonds | 8 | |
Other investments | 3 | 3 |
Interest on balances due from depository institutions | 39 | 101 |
Total interest income | 4,765 | 4,601 |
Interest expense: | ||
Deposits | 476 | 264 |
Borrowings from Federal Home Loan Bank | 20 | 15 |
Total interest expense | 496 | 279 |
Net interest income | 4,269 | 4,322 |
Provision for allowance for loan losses | 35 | 26 |
Net interest income after provision for allowance for loan losses | 4,234 | 4,296 |
Non-interest income: | ||
Trust department income and fees | 433 | 366 |
Service charges on deposit accounts | 911 | 922 |
Gain on liquidation, sales and calls of securities | 17 | |
Income (loss) from other investments | (39) | 12 |
Increase in cash surrender value of life insurance | 107 | 99 |
Other income | 111 | 126 |
Total non-interest income | 1,523 | 1,542 |
Non-interest expense: | ||
Salaries and employee benefits | 2,829 | 2,849 |
Net occupancy | 440 | 535 |
Equipment rentals, depreciation and maintenance | 758 | 794 |
FDIC and state banking assessments | 114 | 98 |
Data processing | 327 | 331 |
ATM expense | 138 | 122 |
Other real estate expense | 120 | 62 |
Other expense | 739 | 973 |
Total non-interestexpense | 5,465 | 5,764 |
Net income | $ 292 | $ 74 |
Basic and diluted earnings per share | $ 0.06 | $ 0.01 |
Dividends declared per share | $ 0 | $ 0 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 292 | $ 74 |
Other comprehensive income (loss): | ||
Net unrealized gain (loss) on available for sale securities | (2,594) | 1,111 |
Reclassification adjustment for realized gains on available for sale securities called or sold | (17) | |
Total other comprehensive income (loss) | (2,594) | 1,094 |
Total comprehensive income (loss) | $ (2,302) | $ 1,168 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Shareholders' Equity - 3 months ended Mar. 31, 2018 - USD ($) $ in Thousands | Total | Common Stock [Member] | Surplus [Member] | Undivided Profits [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Beginning balance at Dec. 31, 2017 | $ 89,499 | $ 5,083 | $ 65,780 | $ 21,563 | $ (2,927) |
Beginning balance, Shares at Dec. 31, 2017 | 5,083,186 | 5,083,186 | |||
Net income | $ 292 | 292 | |||
Other comprehensive income (loss) | (2,594) | (2,594) | |||
Retirement of stock | (145) | $ (10) | (135) | ||
Retirement of stock, Shares | (10,392) | ||||
Ending balance at Mar. 31, 2018 | $ 87,052 | $ 5,073 | $ 65,780 | $ 21,720 | $ (5,521) |
Ending balance, Shares at Mar. 31, 2018 | 5,072,794 | 5,072,794 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash flows from operating activities: | ||
Net income | $ 292 | $ 74 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 480 | 473 |
Provision for allowance for loan losses | 35 | 26 |
Writedown of other real estate | 17 | 20 |
Loss on sales of other real estate | 4 | 15 |
(Income) loss from other investments | 39 | (12) |
Amortization of available for sale securities | 113 | (5) |
Amortization of held to maturity securities | 61 | 71 |
Gain on liquidation, sales and calls of securities | (17) | |
Change in accrued interest receivable | (194) | (77) |
Increase in cash surrender value of life insurance | (107) | (99) |
Change in other assets | (65) | 92 |
Change in other liabilities | (483) | (108) |
Net cash provided by operating activities | 192 | 453 |
Cash flows from investing activities: | ||
Proceeds from maturities, sales and calls of available for sale securities | 13,285 | 20,123 |
Purchases of available for sale securities | (10,723) | (8,774) |
Proceeds from maturities and calls of held to maturity securities | 220 | 390 |
Purchases of Federal Home Loan Bank stock | (62) | (2) |
Proceeds from sales of other real estate | 120 | 276 |
Loans, net change | 4,267 | 12,108 |
Acquisition of bank premises and equipment | (247) | (24) |
Investment in cash surrender value of life insurance | (21) | (40) |
Net cash provided by investing activities | 6,839 | 24,057 |
Cash flows from financing activities: | ||
Demand and savings deposits, net change | 6,380 | 35,768 |
Time deposits, net change | 2,986 | 5,559 |
Borrowings from Federal Home Loan Bank | 161,400 | |
Repayments to Federal Home Loan Bank | (171,414) | (5,014) |
Retirement of common stock | (145) | |
Net cash provided by (used in) financing activities | (793) | 36,313 |
Net increase in cash and cash equivalents | 6,238 | 60,823 |
Cash and cash equivalents, beginning of period | 25,281 | 41,116 |
Cash and cash equivalents, end of period | $ 31,519 | $ 101,939 |
Basis of Presentation
Basis of Presentation | 3 Months Ended |
Mar. 31, 2018 | |
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 March 31, 2018 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 2017 Annual Report and Form 10-K. The results of operations for the quarter ended March 31, 2018, 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 reported 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 Revenue Recognition - As of January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606), 2014-09 non-interest 2014-09 Trust department income and fees Service charges on deposit accounts ATM fee income Other noninterest income New Accounting Pronouncements – In February 2018, the Financial Accounting Standards Board (the “FASB”) issued ASU 2018-03, Technical Corrections and Improvements to Financial Instruments – Overall (Subtopic 825-10): 2016-01, 825-10). 2018-03 No. 2016-01 . In March 2018, the FASB issued ASU 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. 2018-05 |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Mar. 31, 2018 | |
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 5,080,514 and 5,123,186 for the three months ended March 31, 2018 and 2017, respectively. |
Statements of Cash Flows
Statements of Cash Flows | 3 Months Ended |
Mar. 31, 2018 | |
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 $489,389 and $259,953 for the three months ended March 31, 2018 and 2017, respectively, for interest on deposits and borrowings. No income tax payments were made during the three months ended March 31, 2018 and 2017. Loans transferred to other real estate amounted to $753,674 and $44,391 during the three months ended March 31, 2018 and 2017, respectively. |
Investments
Investments | 3 Months Ended |
Mar. 31, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments | 4. Investments: The amortized cost and fair value of securities at March 31, 2018 and December 31, 2017, are as follows (in thousands): March 31, 2018 Amortized Cost Gross Gross Fair Value Available for sale securities: U.S. Treasuries $ 119,831 $ $ (2,994 ) $ 116,837 U.S. Government agencies 14,989 (323 ) 14,666 Mortgage-backed securities 96,952 27 (2,508 ) 94,471 States and political subdivisions 13,746 217 13,963 Total available for sale securities $ 245,518 $ 244 $ (5,825 ) $ 239,937 Held to maturity securities: U.S. Government agencies $ 8,185 $ $ (408 ) $ 7,777 States and political subdivisions 42,697 80 (996 ) 41,781 Total held to maturity securities $ 50,882 $ 80 $ (1,404 ) $ 49,558 December 31, 2017 Amortized Cost Gross Gross Fair Value Available for sale securities: U.S. Treasuries $ 124,820 $ $ (2,176 ) $ 122,644 U.S. Government agencies 19,989 (158 ) 19,831 Mortgage-backed securities 89,207 96 (1,042 ) 88,261 States and political subdivisions 14,178 292 14,470 Total available for sale securities $ 248,194 $ 388 $ (3,376 ) $ 245,206 Held to maturity securities: U.S. Government agencies $ 8,185 $ $ (302 ) $ 7,883 States and political subdivisions 42,978 227 (550 ) 42,655 Total held to maturity securities $ 51,163 $ 227 $ (852 ) $ 50,538 The amortized cost and fair value of debt securities at March 31, 2018 (in thousands), by contractual maturity, are shown below. 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 Cost Fair Value Available for sale securities: Due in one year or less $ 42,425 $ 42,269 Due after one year through five years 83,351 81,607 Due after five years through ten years 22,457 21,242 Due after ten years 333 348 Mortgage-backed securities 96,952 94,471 Totals $ 245,518 $ 239,937 Held to maturity securities: Due in one year or less $ 995 $ 995 Due after one year through five years 14,479 14,364 Due after five years through ten years 20,113 19,527 Due after ten years 15,295 14,672 Totals $ 50,882 $ 49,558 Available for sale and held to maturity securities with gross unrealized losses at March 31, 2018 and December 31, 2017, 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 Twelve Months Over Twelve Months Total Fair Value Gross Fair Value Gross Fair Value Gross March 31, 2018: U.S. Treasuries $ 39,351 $ 602 $ 77,486 $ 2,392 $ 116,837 $ 2,994 U.S. Government agencies 13,035 149 9,408 582 22,443 731 States and political subdivisions 18,678 451 6,829 545 25,507 996 Mortgage-backed securities 73,089 1,624 13,220 884 86,309 2,508 TOTAL $ 144,153 $ 2,826 $ 106,943 $ 4,403 $ 251,096 $ 7,229 December 31, 2017: U.S. Treasuries $ 49,586 $ 364 $ 73,058 $ 1,812 $ 122,644 $ 2,176 U.S. Government agencies 8,145 37 14,567 423 22,712 460 Mortgage-backed securities 60,230 415 13,492 627 73,722 1,042 States and political subdivisions 11,552 168 7,010 382 18,562 550 TOTAL $ 129,513 $ 984 $ 108,127 $ 3,244 $ 237,640 $ 4,228 At March 31, 2018, 24 of the 24 securities issued by the U.S. Treasury, 5 of the 5 securities issued by U.S. Government agencies, 62 of the 156 securities issued by states and political subdivisions and 34 of the 39 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 debt securities were $1,227,141 during the three months ended March 31, 2017 which resulted in a realized gain of $16,729 for the three months ended March 31, 2017. There were no sales or calls of available for sale debt securities in 2018. Securities with a fair value of $225,527,287 and $196,702,218 at March 31, 2018 and December 31, 2017, respectively, were pledged to secure public deposits, federal funds purchased and other balances required by law. |
Loans
Loans | 3 Months Ended |
Mar. 31, 2018 | |
Receivables [Abstract] | |
Loans | 5. Loans: The composition of the loan portfolio at March 31, 2018 and December 31, 2017, is as follows (in thousands): March 31, 2018 December 31, 2017 Gaming $ 24,475 $ 26,142 Residential and land development 253 263 Real estate, construction 35,282 31,947 Real estate, mortgage 185,238 189,201 Commercial and industrial 23,938 26,360 Other 6,266 6,536 Total $ 275,452 $ 280,449 The age analysis of the loan portfolio, segregated by class of loans, as of March 31, 2018 and December 31, 2017, is as follows (in thousands): Number of Days Past Due Loans Past 30 - 59 60 - 89 Greater Total Current Total Days & March 31, 2018: Gaming $ $ $ $ $ 24,475 $ 24,475 $ Residential and land development 253 253 Real estate, construction 183 207 621 1,011 34,271 35,282 Real estate, mortgage 4,960 678 4,614 10,252 174,986 185,238 Commercial and industrial 318 5 2,133 2,456 21,482 23,938 Other 18 1 19 6,247 6,266 Total $ 5,479 $ 891 $ 7,368 $ 13,738 $ 261,714 $ 275,452 $ December 31, 2017: Gaming $ $ $ $ $ 26,142 $ 26,142 $ Residential and land development 263 263 Real estate, construction 747 121 522 1,390 30,557 31,947 Real estate, mortgage 5,321 790 4,884 10,995 178,206 189,201 Commercial and industrial 375 2 2,344 2,721 23,639 26,360 Other 26 3 29 6,507 6,536 Total $ 6,469 $ 916 $ 7,750 $ 15,135 $ 265,314 $ 280,449 $ 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 based 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 who 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 March 31, 2018 and December 31, 2017, is as follows (in thousands): Loans With A Grade Of: A, B or C S D E F Total March 31, 2018: Gaming $ 24,475 $ $ $ $ $ 24,475 Residential and land development 253 253 Real estate, construction 33,880 257 1,145 35,282 Real estate, mortgage 150,338 11,244 14,553 9,103 185,238 Commercial and industrial 21,025 181 2,732 23,938 Other 6,254 9 3 6,266 Total $ 235,972 $ 11,244 $ 15,000 $ 13,236 $ $ 275,452 December 31, 2017: Gaming $ 26,142 $ $ $ $ $ 26,142 Residential and land development 263 263 Real estate, construction 30,412 358 1,177 31,947 Real estate, mortgage 148,284 11,550 19,606 9,761 189,201 Commercial and industrial 23,133 265 2,962 26,360 Other 6,516 16 4 6,536 Total $ 234,487 $ 11,550 $ 20,245 $ 14,167 $ $ 280,449 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 March 31, 2018 and December 31, 2017, are as follows (in thousands): March 31, 2018 December 31, 2017 Residential and land development $ 253 $ 263 Real estate, construction 1,145 1,177 Real estate, mortgage 8,888 9,548 Commercial and industrial 2,597 2,818 Other 3 4 Total $ 12,886 $ 13,810 Prior to 2017, certain loans were modified by granting interest rate concessions to these customers with such loans being classified as troubled debt restructurings. During 2017 and 2018, the Company did not restructure any additional loans. Specific reserves of $80,000 and $86,000 were allocated to troubled debt restructurings as of March 31, 2018 and December 31, 2017, respectively. The Bank had no commitments to lend additional amounts to customers with outstanding loans classified as troubled debt restructurings as of March 31, 2018 and December 31, 2017. Impaired loans, which include loans classified as nonaccrual and troubled debt restructurings, segregated by class of loans, as of March 31, 2018 and December 31, 2017, are as follows (in thousands): Unpaid Recorded Related Average Interest March 31, 2018: With no related allowance recorded: Real estate, construction $ 1,411 $ 938 $ $ 948 $ Real estate, mortgage 8,206 7,311 7,349 6 Commercial and industrial 899 861 870 Total 10,516 9,110 9,167 6 With a related allowance recorded: Residential and land development 253 253 40 260 Real estate, construction 207 207 98 208 Real estate, mortgage 3,597 2,713 712 2,576 7 Commercial and industrial 1,736 1,736 321 1,769 Other 3 3 3 Total 5,796 4,912 1,171 4,816 7 Total by class of loans: Residential and land development 253 253 40 260 Real estate, construction 1,618 1,145 98 1,156 Real estate, mortgage 11,803 10,024 712 9,925 13 Commercial and industrial 2,635 2,597 321 2,639 Other 3 3 3 Total $ 16,312 $ 14,022 $ 1,171 $ 13,983 $ 13 Unpaid Recorded Related Average Interest December 31, 2017: With no related allowance recorded: Real estate, construction $ 1,441 $ 967 $ $ 1,024 $ Real estate, mortgage 8,920 8,025 8,654 31 Commercial and industrial 922 884 916 Other 4 4 4 Total 11,287 9,880 10,598 31 With a related allowance recorded: Residential and land development 263 263 40 275 Real estate, construction 210 210 105 226 Real estate, mortgage 3,556 2,672 725 2,676 28 Commercial and industrial 1,934 1,934 342 1,923 Total 5,963 5,079 1,212 5,100 28 Total by class of loans: Residential and land development 263 263 40 275 Real estate, construction 1,651 1,177 105 1,250 Real estate, mortgage 12,476 10,697 725 11,330 59 Commercial and industrial 2,856 2,818 342 2,839 Other 4 4 4 Total $ 17,250 $ 14,959 $ 1,212 $ 15,698 $ 59 |
Allowance for Loan Losses
Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2018 | |
Valuation and Qualifying Accounts [Abstract] | |
Allowance for Loan Losses | 6. Allowance for Loan Losses: Transactions in the allowance for loan losses for the three months ended March 31, 2018 and 2017, and the balances of loans, individually and collectively evaluated for impairment, as of March 31, 2018 and 2017, are as follows (in thousands): Gaming Residential and Real Estate, Real Estate, Commercial Other Total For the Quarter Ended March 31, 2018: Allowance for Loan Losses: Beginning Balance $ 536 $ 40 $ 202 $ 4,305 $ 892 $ 178 $ 6,153 Charge-offs (14 ) (44 ) (94 ) (152 ) Recoveries 118 13 45 176 Provision (98 ) (12 ) 176 (63 ) 32 35 Ending Balance $ 438 $ 40 $ 190 $ 4,585 $ 798 $ 161 $ 6,212 Allowance for loan losses, March 31, 2018: Ending balance: individually evaluated for impairment $ $ 40 $ 98 $ 1,080 $ 560 $ 3 $ 1,781 Ending balance: collectively evaluated for impairment $ 438 $ $ 92 $ 3,505 $ 238 $ 158 $ 4,431 Total Loans, March 31, 2018: Ending balance: individually evaluated for impairment $ $ 253 $ 1,402 $ 23,656 $ 2,913 $ 12 $ 28,236 Ending balance: collectively evaluated for impairment $ 24,475 $ $ 33,880 $ 161,582 $ 21,025 $ 6,254 $ 247,216 Gaming Residential and Real Estate, Real Estate, Commercial Other Total For the Quarter Ended March 31, 2017: Allowance for Loan Losses: Beginning Balance $ 545 $ 66 $ 199 $ 3,800 $ 651 $ 205 $ 5,466 Charge-offs (59 ) (59 ) Recoveries 10 8 11 20 49 Provision (168 ) 2 128 21 43 26 Ending Balance $ 377 $ 66 $ 211 $ 3,936 $ 683 $ 209 $ 5,482 Allowance for loan losses, March 31, 2017: Ending balance: individually evaluated for impairment $ $ 66 $ 141 $ 485 $ 210 $ 18 $ 920 Ending balance: collectively evaluated for impairment $ 377 $ $ 70 $ 3,451 $ 473 $ 191 $ 4,562 Total Loans, March 31, 2017: Ending balance: individually evaluated for impairment $ $ 282 $ 2,067 $ 32,489 $ 1,349 $ 32 $ 36,219 Ending balance: collectively evaluated for impairment $ 20,379 $ $ 29,381 $ 171,913 $ 37,159 $ 8,141 $ 266,973 |
Deposits
Deposits | 3 Months Ended |
Mar. 31, 2018 | |
Banking and Thrift [Abstract] | |
Deposits | 7. Deposits: Time deposits of $250,000 or more totaled approximately $34,108,000 and $20,494,000 at March 31, 2018 and December 31, 2017, respectively. |
Fair Value Measurements and Dis
Fair Value Measurements and Disclosures | 3 Months Ended |
Mar. 31, 2018 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements and Disclosures | 8. 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 March 31, 2018 and December 31, 2017 are as follows (in thousands): Fair Value Measurements Using Total Level 1 Level 2 Level 3 March 31, 2018: U.S. Treasuries $ 116,837 $ $ 116,837 $ U.S. Government agencies 14,666 14,666 Mortgage-backed securities 94,471 94,471 States and political subdivisions 13,963 13,963 Total $ 239,937 $ $ 239,937 $ December 31, 2017: U.S. Treasuries $ 122,644 $ $ 122,644 $ U.S. Government agencies 19,831 19,831 Mortgage-backed securities 88,261 88,261 States and political subdivisions 14,470 14,470 Total $ 245,206 $ $ 245,206 $ Impaired loans, which are measured at fair value on a non-recurring Fair Value Measurements Using Total Level 1 Level 2 Level 3 March 31, 2018 $ 6,137 $ $ $ 6,137 December 31, 2017 6,511 6,511 Other real estate, which is measured at fair value on a non-recurring Fair Value Measurements Using Total Level 1 Level 2 Level 3 March 31, 2018 $ 8,845 $ $ $ 8,845 December 31, 2017 8,232 8,232 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 Three For the Year Months Ended Ended March 31, 2018 December 31, 2017 Balance, beginning of period $ 8,232 $ 8,513 Loans transferred to ORE 754 1,946 Sales (124 ) (1,767 ) Writedowns (17 ) (460 ) Balance, end of period $ 8,845 $ 8,232 The carrying value and estimated fair value of financial instruments, by level within the fair value hierarchy, at March 31, 2018 and December 31, 2017, are as follows (in thousands): Carrying Fair Value Measurements Using Amount Level 1 Level 2 Level 3 Total March 31, 2018: Financial Assets: Cash and due from banks $ 31,519 $ 31,519 $ $ $ 31,519 Available for sale securities 239,937 239,937 239,937 Held to maturity securities 50,882 49,558 49,558 Other investments 3,154 3,154 3,154 Federal Home Loan Bank stock 1,432 1,432 1,432 Loans, net 269,240 264,041 264,041 Other real estate 8,845 8,845 8,845 Cash surrender value of life insurance 18,430 18,430 18,430 Financial Liabilities: Deposits: Non-interest 162,495 162,495 162,495 Interest bearing 376,441 376,860 376,860 Borrowings from Federal Home Loan Bank 1,184 1,351 1,351 December 31, 2017: Financial Assets: Cash and due from banks $ 25,281 $ 25,281 $ $ $ 25,281 Available for sale securities 245,664 245,664 245,664 Held to maturity securities 51,163 50,538 50,538 Other investments 3,193 3,193 3,193 Federal Home Loan Bank stock 1,370 1,370 1,370 Loans, net 274,296 270,924 270,924 Other real estate 8,232 8,232 8,232 Cash surrender value of life insurance 18,301 18,301 18,301 Financial Liabilities: Deposits: Non-interest 127,274 127,274 127,274 Interest bearing 402,296 402,610 402,610 Borrowings from Federal Home Loan Bank 11,198 11,389 11,389 |
Reclassifications
Reclassifications | 3 Months Ended |
Mar. 31, 2018 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Reclassifications | 9. Reclassifications: Certain reclassifications have been made to prior year statements to conform to current year presentation. The reclassifications had no effect on prior year net income. |
Basis of Presentation (Policies
Basis of Presentation (Policies) | 3 Months Ended |
Mar. 31, 2018 | |
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 reported 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 |
Revenue Recognition | Revenue Recognition - As of January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606), 2014-09 non-interest 2014-09 Trust department income and fees Service charges on deposit accounts ATM fee income Other noninterest income |
New Accounting Pronouncements | New Accounting Pronouncements – In February 2018, the Financial Accounting Standards Board (the “FASB”) issued ASU 2018-03, Technical Corrections and Improvements to Financial Instruments – Overall (Subtopic 825-10): 2016-01, 825-10). 2018-03 No. 2016-01 . In March 2018, the FASB issued ASU 2018-05, Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118. 2018-05 |
Investments (Tables)
Investments (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized Cost and Fair Value of Securities | The amortized cost and fair value of securities at March 31, 2018 and December 31, 2017, are as follows (in thousands): March 31, 2018 Amortized Cost Gross Gross Fair Value Available for sale securities: U.S. Treasuries $ 119,831 $ $ (2,994 ) $ 116,837 U.S. Government agencies 14,989 (323 ) 14,666 Mortgage-backed securities 96,952 27 (2,508 ) 94,471 States and political subdivisions 13,746 217 13,963 Total available for sale securities $ 245,518 $ 244 $ (5,825 ) $ 239,937 Held to maturity securities: U.S. Government agencies $ 8,185 $ $ (408 ) $ 7,777 States and political subdivisions 42,697 80 (996 ) 41,781 Total held to maturity securities $ 50,882 $ 80 $ (1,404 ) $ 49,558 December 31, 2017 Amortized Cost Gross Gross Fair Value Available for sale securities: U.S. Treasuries $ 124,820 $ $ (2,176 ) $ 122,644 U.S. Government agencies 19,989 (158 ) 19,831 Mortgage-backed securities 89,207 96 (1,042 ) 88,261 States and political subdivisions 14,178 292 14,470 Total available for sale securities $ 248,194 $ 388 $ (3,376 ) $ 245,206 Held to maturity securities: U.S. Government agencies $ 8,185 $ $ (302 ) $ 7,883 States and political subdivisions 42,978 227 (550 ) 42,655 Total held to maturity securities $ 51,163 $ 227 $ (852 ) $ 50,538 |
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity | The amortized cost and fair value of debt securities at March 31, 2018 (in thousands), by contractual maturity, are shown below. 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 Cost Fair Value Available for sale securities: Due in one year or less $ 42,425 $ 42,269 Due after one year through five years 83,351 81,607 Due after five years through ten years 22,457 21,242 Due after ten years 333 348 Mortgage-backed securities 96,952 94,471 Totals $ 245,518 $ 239,937 Held to maturity securities: Due in one year or less $ 995 $ 995 Due after one year through five years 14,479 14,364 Due after five years through ten years 20,113 19,527 Due after ten years 15,295 14,672 Totals $ 50,882 $ 49,558 |
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 March 31, 2018 and December 31, 2017, 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 Twelve Months Over Twelve Months Total Fair Value Gross Fair Value Gross Fair Value Gross March 31, 2018: U.S. Treasuries $ 39,351 $ 602 $ 77,486 $ 2,392 $ 116,837 $ 2,994 U.S. Government agencies 13,035 149 9,408 582 22,443 731 States and political subdivisions 18,678 451 6,829 545 25,507 996 Mortgage-backed securities 73,089 1,624 13,220 884 86,309 2,508 TOTAL $ 144,153 $ 2,826 $ 106,943 $ 4,403 $ 251,096 $ 7,229 December 31, 2017: U.S. Treasuries $ 49,586 $ 364 $ 73,058 $ 1,812 $ 122,644 $ 2,176 U.S. Government agencies 8,145 37 14,567 423 22,712 460 Mortgage-backed securities 60,230 415 13,492 627 73,722 1,042 States and political subdivisions 11,552 168 7,010 382 18,562 550 TOTAL $ 129,513 $ 984 $ 108,127 $ 3,244 $ 237,640 $ 4,228 |
Loans (Tables)
Loans (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Receivables [Abstract] | |
Composition of Loan Portfolio | The composition of the loan portfolio at March 31, 2018 and December 31, 2017, is as follows (in thousands): March 31, 2018 December 31, 2017 Gaming $ 24,475 $ 26,142 Residential and land development 253 263 Real estate, construction 35,282 31,947 Real estate, mortgage 185,238 189,201 Commercial and industrial 23,938 26,360 Other 6,266 6,536 Total $ 275,452 $ 280,449 |
Age Analysis of Loan Portfolio, Segregated by Class of Loans | The age analysis of the loan portfolio, segregated by class of loans, as of March 31, 2018 and December 31, 2017, is as follows (in thousands): Number of Days Past Due Loans Past 30 - 59 60 - 89 Greater Total Current Total Days & March 31, 2018: Gaming $ $ $ $ $ 24,475 $ 24,475 $ Residential and land development 253 253 Real estate, construction 183 207 621 1,011 34,271 35,282 Real estate, mortgage 4,960 678 4,614 10,252 174,986 185,238 Commercial and industrial 318 5 2,133 2,456 21,482 23,938 Other 18 1 19 6,247 6,266 Total $ 5,479 $ 891 $ 7,368 $ 13,738 $ 261,714 $ 275,452 $ December 31, 2017: Gaming $ $ $ $ $ 26,142 $ 26,142 $ Residential and land development 263 263 Real estate, construction 747 121 522 1,390 30,557 31,947 Real estate, mortgage 5,321 790 4,884 10,995 178,206 189,201 Commercial and industrial 375 2 2,344 2,721 23,639 26,360 Other 26 3 29 6,507 6,536 Total $ 6,469 $ 916 $ 7,750 $ 15,135 $ 265,314 $ 280,449 $ |
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 March 31, 2018 and December 31, 2017, is as follows (in thousands): Loans With A Grade Of: A, B or C S D E F Total March 31, 2018: Gaming $ 24,475 $ $ $ $ $ 24,475 Residential and land development 253 253 Real estate, construction 33,880 257 1,145 35,282 Real estate, mortgage 150,338 11,244 14,553 9,103 185,238 Commercial and industrial 21,025 181 2,732 23,938 Other 6,254 9 3 6,266 Total $ 235,972 $ 11,244 $ 15,000 $ 13,236 $ $ 275,452 December 31, 2017: Gaming $ 26,142 $ $ $ $ $ 26,142 Residential and land development 263 263 Real estate, construction 30,412 358 1,177 31,947 Real estate, mortgage 148,284 11,550 19,606 9,761 189,201 Commercial and industrial 23,133 265 2,962 26,360 Other 6,516 16 4 6,536 Total $ 234,487 $ 11,550 $ 20,245 $ 14,167 $ $ 280,449 |
Total Loans on Nonaccrual | 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 March 31, 2018 and December 31, 2017, are as follows (in thousands): March 31, 2018 December 31, 2017 Residential and land development $ 253 $ 263 Real estate, construction 1,145 1,177 Real estate, mortgage 8,888 9,548 Commercial and industrial 2,597 2,818 Other 3 4 Total $ 12,886 $ 13,810 |
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 March 31, 2018 and December 31, 2017, are as follows (in thousands): Unpaid Recorded Related Average Interest March 31, 2018: With no related allowance recorded: Real estate, construction $ 1,411 $ 938 $ $ 948 $ Real estate, mortgage 8,206 7,311 7,349 6 Commercial and industrial 899 861 870 Total 10,516 9,110 9,167 6 With a related allowance recorded: Residential and land development 253 253 40 260 Real estate, construction 207 207 98 208 Real estate, mortgage 3,597 2,713 712 2,576 7 Commercial and industrial 1,736 1,736 321 1,769 Other 3 3 3 Total 5,796 4,912 1,171 4,816 7 Total by class of loans: Residential and land development 253 253 40 260 Real estate, construction 1,618 1,145 98 1,156 Real estate, mortgage 11,803 10,024 712 9,925 13 Commercial and industrial 2,635 2,597 321 2,639 Other 3 3 3 Total $ 16,312 $ 14,022 $ 1,171 $ 13,983 $ 13 Unpaid Recorded Related Average Interest December 31, 2017: With no related allowance recorded: Real estate, construction $ 1,441 $ 967 $ $ 1,024 $ Real estate, mortgage 8,920 8,025 8,654 31 Commercial and industrial 922 884 916 Other 4 4 4 Total 11,287 9,880 10,598 31 With a related allowance recorded: Residential and land development 263 263 40 275 Real estate, construction 210 210 105 226 Real estate, mortgage 3,556 2,672 725 2,676 28 Commercial and industrial 1,934 1,934 342 1,923 Total 5,963 5,079 1,212 5,100 28 Total by class of loans: Residential and land development 263 263 40 275 Real estate, construction 1,651 1,177 105 1,250 Real estate, mortgage 12,476 10,697 725 11,330 59 Commercial and industrial 2,856 2,818 342 2,839 Other 4 4 4 Total $ 17,250 $ 14,959 $ 1,212 $ 15,698 $ 59 |
Allowance for Loan Losses (Tabl
Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Valuation and Qualifying Accounts [Abstract] | |
Allowance for Loan Losses | Transactions in the allowance for loan losses for the three months ended March 31, 2018 and 2017, and the balances of loans, individually and collectively evaluated for impairment, as of March 31, 2018 and 2017, are as follows (in thousands): Gaming Residential and Real Estate, Real Estate, Commercial Other Total For the Quarter Ended March 31, 2018: Allowance for Loan Losses: Beginning Balance $ 536 $ 40 $ 202 $ 4,305 $ 892 $ 178 $ 6,153 Charge-offs (14 ) (44 ) (94 ) (152 ) Recoveries 118 13 45 176 Provision (98 ) (12 ) 176 (63 ) 32 35 Ending Balance $ 438 $ 40 $ 190 $ 4,585 $ 798 $ 161 $ 6,212 Allowance for loan losses, March 31, 2018: Ending balance: individually evaluated for impairment $ $ 40 $ 98 $ 1,080 $ 560 $ 3 $ 1,781 Ending balance: collectively evaluated for impairment $ 438 $ $ 92 $ 3,505 $ 238 $ 158 $ 4,431 Total Loans, March 31, 2018: Ending balance: individually evaluated for impairment $ $ 253 $ 1,402 $ 23,656 $ 2,913 $ 12 $ 28,236 Ending balance: collectively evaluated for impairment $ 24,475 $ $ 33,880 $ 161,582 $ 21,025 $ 6,254 $ 247,216 Gaming Residential and Real Estate, Real Estate, Commercial Other Total For the Quarter Ended March 31, 2017: Allowance for Loan Losses: Beginning Balance $ 545 $ 66 $ 199 $ 3,800 $ 651 $ 205 $ 5,466 Charge-offs (59 ) (59 ) Recoveries 10 8 11 20 49 Provision (168 ) 2 128 21 43 26 Ending Balance $ 377 $ 66 $ 211 $ 3,936 $ 683 $ 209 $ 5,482 Allowance for loan losses, March 31, 2017: Ending balance: individually evaluated for impairment $ $ 66 $ 141 $ 485 $ 210 $ 18 $ 920 Ending balance: collectively evaluated for impairment $ 377 $ $ 70 $ 3,451 $ 473 $ 191 $ 4,562 Total Loans, March 31, 2017: Ending balance: individually evaluated for impairment $ $ 282 $ 2,067 $ 32,489 $ 1,349 $ 32 $ 36,219 Ending balance: collectively evaluated for impairment $ 20,379 $ $ 29,381 $ 171,913 $ 37,159 $ 8,141 $ 266,973 |
Fair Value Measurements and D21
Fair Value Measurements and Disclosures (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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 March 31, 2018 and December 31, 2017 are as follows (in thousands): Fair Value Measurements Using Total Level 1 Level 2 Level 3 March 31, 2018: U.S. Treasuries $ 116,837 $ $ 116,837 $ U.S. Government agencies 14,666 14,666 Mortgage-backed securities 94,471 94,471 States and political subdivisions 13,963 13,963 Total $ 239,937 $ $ 239,937 $ December 31, 2017: U.S. Treasuries $ 122,644 $ $ 122,644 $ U.S. Government agencies 19,831 19,831 Mortgage-backed securities 88,261 88,261 States and political subdivisions 14,470 14,470 Total $ 245,206 $ $ 245,206 $ |
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 March 31, 2018 and December 31, 2017, are as follows (in thousands): Carrying Fair Value Measurements Using Amount Level 1 Level 2 Level 3 Total March 31, 2018: Financial Assets: Cash and due from banks $ 31,519 $ 31,519 $ $ $ 31,519 Available for sale securities 239,937 239,937 239,937 Held to maturity securities 50,882 49,558 49,558 Other investments 3,154 3,154 3,154 Federal Home Loan Bank stock 1,432 1,432 1,432 Loans, net 269,240 264,041 264,041 Other real estate 8,845 8,845 8,845 Cash surrender value of life insurance 18,430 18,430 18,430 Financial Liabilities: Deposits: Non-interest 162,495 162,495 162,495 Interest bearing 376,441 376,860 376,860 Borrowings from Federal Home Loan Bank 1,184 1,351 1,351 December 31, 2017: Financial Assets: Cash and due from banks $ 25,281 $ 25,281 $ $ $ 25,281 Available for sale securities 245,664 245,664 245,664 Held to maturity securities 51,163 50,538 50,538 Other investments 3,193 3,193 3,193 Federal Home Loan Bank stock 1,370 1,370 1,370 Loans, net 274,296 270,924 270,924 Other real estate 8,232 8,232 8,232 Cash surrender value of life insurance 18,301 18,301 18,301 Financial Liabilities: Deposits: Non-interest 127,274 127,274 127,274 Interest bearing 402,296 402,610 402,610 Borrowings from Federal Home Loan Bank 11,198 11,389 11,389 |
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 March 31, 2018 $ 6,137 $ $ $ 6,137 December 31, 2017 6,511 6,511 |
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 March 31, 2018 $ 8,845 $ $ $ 8,845 December 31, 2017 8,232 8,232 |
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 Three For the Year Months Ended Ended March 31, 2018 December 31, 2017 Balance, beginning of period $ 8,232 $ 8,513 Loans transferred to ORE 754 1,946 Sales (124 ) (1,767 ) Writedowns (17 ) (460 ) Balance, end of period $ 8,845 $ 8,232 |
Basis of Presentation - Additio
Basis of Presentation - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2018Subsidiary | |
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 | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Earnings Per Share, Basic and Diluted, Other Disclosures [Abstract] | ||
Shares of common stock outstanding | 5,080,514 | 5,123,186 |
Statements of Cash Flows - Addi
Statements of Cash Flows - Additional Information (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Supplemental Cash Flow Elements [Abstract] | ||
Interest on deposits and borrowings | $ 489,389 | $ 259,953 |
Income tax payments | 0 | 0 |
Loans transferred to other real estate | $ 753,674 | $ 44,391 |
Investments - Amortized Cost an
Investments - Amortized Cost and Fair Value of Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total available for sale securities, amortized cost | $ 245,518 | $ 248,194 |
Total available for sale securities, gross unrealized gains | 244 | 388 |
Total available for sale securities, gross unrealized losses | (5,825) | (3,376) |
Total available for sale securities, fair value | 239,937 | 245,206 |
Held to maturity securities, Amortized Cost | 50,882 | 51,163 |
Held to maturity securities, Gross Unrealized Gains | 80 | 227 |
Held to maturity securities, Gross Unrealized Losses | (1,404) | (852) |
Held to maturity securities, fair value | 49,558 | 50,538 |
States and Political Subdivisions [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total available for sale securities, amortized cost | 13,746 | 14,178 |
Total available for sale securities, gross unrealized gains | 217 | 292 |
Total available for sale securities, fair value | 13,963 | 14,470 |
Held to maturity securities, Amortized Cost | 42,697 | 42,978 |
Held to maturity securities, Gross Unrealized Gains | 80 | 227 |
Held to maturity securities, Gross Unrealized Losses | (996) | (550) |
Held to maturity securities, fair value | 41,781 | 42,655 |
U.S. Treasuries [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total available for sale securities, amortized cost | 119,831 | 124,820 |
Total available for sale securities, gross unrealized losses | (2,994) | (2,176) |
Total available for sale securities, fair value | 116,837 | 122,644 |
U.S. Government Agencies [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total available for sale securities, amortized cost | 14,989 | 19,989 |
Total available for sale securities, gross unrealized losses | (323) | (158) |
Total available for sale securities, fair value | 14,666 | 19,831 |
Held to maturity securities, Amortized Cost | 8,185 | 8,185 |
Held to maturity securities, Gross Unrealized Losses | (408) | (302) |
Held to maturity securities, fair value | 7,777 | 7,883 |
Mortgage-backed Securities [Member] | ||
Schedule Of Available For Sale Securities And Held To Maturity [Line Items] | ||
Total available for sale securities, amortized cost | 96,952 | 89,207 |
Total available for sale securities, gross unrealized gains | 27 | 96 |
Total available for sale securities, gross unrealized losses | (2,508) | (1,042) |
Total available for sale securities, fair value | $ 94,471 | $ 88,261 |
Investments - Amortized Cost 26
Investments - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Available for sale securities: | ||
Available for sale securities, Due in one year or less, Amortized Cost | $ 42,425 | |
Available for sale securities, Due after one year through five years, Amortized Cost | 83,351 | |
Available for sale securities, Due after five year through ten years, Amortized Cost | 22,457 | |
Available for sale securities, Due after ten years, Amortized Cost | 333 | |
Available for sale securities, Mortgage-backed securities, Amortized Cost | 96,952 | |
Total available for sale debt securities, Amortized Cost | 245,518 | |
Available for sale securities, Due in one year or less, Fair Value | 42,269 | |
Available for sale securities, Due after one year through five years, Fair Value | 81,607 | |
Available for sale securities, Due after five years through ten years, Fair Value | 21,242 | |
Available for sale securities, Due after ten years, Fair Value | 348 | |
Available for sale securities, Mortgage-backed securities, Fair value | 94,471 | |
Total available for sale debt securities, Fair Value | 239,937 | $ 245,206 |
Held to maturity securities: | ||
Held to maturity securities, Due in one year or less, Amortized Cost | 995 | |
Held to maturity securities, Due after one year through five years, Amortized Cost | 14,479 | |
Held to maturity securities, Due after five years through ten years, Amortized Cost | 20,113 | |
Held to maturity securities, Due after ten years, Amortized Cost | 15,295 | |
Held to maturity securities, Amortized Cost | 50,882 | 51,163 |
Held to maturity securities, Due in one year or less, Fair Value | 995 | |
Held to maturity securities, Due after one year through five years, Fair Value | 14,364 | |
Held to maturity securities, Due after five years through ten years, Fair Value | 19,527 | |
Held to maturity securities, Due after ten years, Fair Value | 14,672 | |
Total held to maturity securities, Fair Value | $ 49,558 | $ 50,538 |
Investments - Available for Sal
Investments - Available for Sale and Held to Maturity Securities with Gross Unrealized Losses (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Fair Value | $ 144,153 | $ 129,513 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 2,826 | 984 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 106,943 | 108,127 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 4,403 | 3,244 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 251,096 | 237,640 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 7,229 | 4,228 |
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 | 39,351 | 49,586 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 602 | 364 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 77,486 | 73,058 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 2,392 | 1,812 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 116,837 | 122,644 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 2,994 | 2,176 |
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 | 13,035 | 8,145 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 149 | 37 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 9,408 | 14,567 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 582 | 423 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 22,443 | 22,712 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 731 | 460 |
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 | 73,089 | 60,230 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 1,624 | 415 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 13,220 | 13,492 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 884 | 627 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 86,309 | 73,722 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | 2,508 | 1,042 |
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 | 18,678 | 11,552 |
Available for Sale and Held to Maturity Securities, Less Than Twelve Months, Gross Unrealized Losses | 451 | 168 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Fair Value | 6,829 | 7,010 |
Available for Sale and Held to Maturity Securities, Over Twelve Months, Gross Unrealized Losses | 545 | 382 |
Available for Sale and Held to Maturity Securities, Total, Fair Value | 25,507 | 18,562 |
Available for Sale and Held to Maturity Securities, Total, Gross Unrealized Losses | $ 996 | $ 550 |
Investments - Additional Inform
Investments - Additional Information (Detail) | 3 Months Ended | |
Mar. 31, 2018USD ($)Securities | Mar. 31, 2017USD ($) | |
Schedule of Available-for-sale Securities [Line Items] | ||
Sale of available for sale debt securities | $ | $ 0 | $ 1,227,141 |
Realized gain on sale of available for sale debt securities | $ | 0 | 16,729 |
Amount of securities with fair value | $ | $ 225,527,287 | $ 196,702,218 |
U.S. Treasuries [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities issued contained unrealized Loss | 24 | |
Securities issued | 24 | |
U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities issued contained unrealized Loss | 5 | |
Securities issued | 5 | |
Mortgage-backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities issued contained unrealized Loss | 34 | |
Securities issued | 39 | |
States and Political Subdivisions [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Securities issued contained unrealized Loss | 62 | |
Securities issued | 156 |
Loans - Composition of Loan Por
Loans - Composition of Loan Portfolio (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Loans and Leases Receivable, Net Amount [Abstract] | ||
Gaming | $ 24,475 | $ 26,142 |
Residential and land development | 253 | 263 |
Real estate, construction | 35,282 | 31,947 |
Real estate, mortgage | 185,238 | 189,201 |
Commercial and industrial | 23,938 | 26,360 |
Other | 6,266 | 6,536 |
Total | $ 275,452 | $ 280,449 |
Loans - Age Analysis of Loan Po
Loans - Age Analysis of Loan Portfolio, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | $ 13,738 | $ 15,135 |
Current | 261,714 | 265,314 |
Total | 275,452 | 280,449 |
Loans Past Due Greater Than 90 Days and Still Accruing | 0 | 0 |
Real Estate, Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 1,011 | 1,390 |
Current | 34,271 | 30,557 |
Total | 35,282 | 31,947 |
Loans Past Due Greater Than 90 Days and Still Accruing | 0 | 0 |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 2,456 | 2,721 |
Current | 21,482 | 23,639 |
Total | 23,938 | 26,360 |
Loans Past Due Greater Than 90 Days and Still Accruing | 0 | 0 |
Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 19 | 29 |
Current | 6,247 | 6,507 |
Total | 6,266 | 6,536 |
Loans Past Due Greater Than 90 Days and Still Accruing | 0 | 0 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 5,479 | 6,469 |
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 | 183 | 747 |
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 | 318 | 375 |
30-59 Days Past Due [Member] | Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 18 | 26 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 891 | 916 |
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 | 207 | 121 |
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 | 5 | 2 |
60-89 Days Past Due [Member] | Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 1 | 3 |
Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 7,368 | 7,750 |
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 | 621 | 522 |
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 | 2,133 | 2,344 |
Gaming [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 24,475 | 26,142 |
Total | 24,475 | 26,142 |
Loans Past Due Greater Than 90 Days and Still Accruing | 0 | 0 |
Residential and Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Current | 253 | 263 |
Total | 253 | 263 |
Loans Past Due Greater Than 90 Days and Still Accruing | 0 | 0 |
Real Estate, Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Number of Days Past Due, Total Past Due | 10,252 | 10,995 |
Current | 174,986 | 178,206 |
Total | 185,238 | 189,201 |
Loans Past Due Greater Than 90 Days and Still Accruing | 0 | 0 |
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 | 4,960 | 5,321 |
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 | 678 | 790 |
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 | $ 4,614 | $ 4,884 |
Loans - Analysis of Loan Portfo
Loans - Analysis of Loan Portfolio by Loan Grade, Segregated by Class of Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Recorded Investment [Line Items] | ||
Gaming | $ 24,475 | $ 26,142 |
Residential and land development | 253 | 263 |
Real estate, construction | 35,282 | 31,947 |
Real estate, mortgage | 185,238 | 189,201 |
Commercial and industrial | 23,938 | 26,360 |
Other | 6,266 | 6,536 |
Total | 275,452 | 280,449 |
A, B or C [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Gaming | 24,475 | 26,142 |
Real estate, construction | 33,880 | 30,412 |
Real estate, mortgage | 150,338 | 148,284 |
Commercial and industrial | 21,025 | 23,133 |
Other | 6,254 | 6,516 |
Total | 235,972 | 234,487 |
S [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Real estate, mortgage | 11,244 | 11,550 |
Total | 11,244 | 11,550 |
D [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Real estate, construction | 257 | 358 |
Real estate, mortgage | 14,553 | 19,606 |
Commercial and industrial | 181 | 265 |
Other | 9 | 16 |
Total | 15,000 | 20,245 |
E [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Residential and land development | 253 | 263 |
Real estate, construction | 1,145 | 1,177 |
Real estate, mortgage | 9,103 | 9,761 |
Commercial and industrial | 2,732 | 2,962 |
Other | 3 | 4 |
Total | $ 13,236 | $ 14,167 |
Loans - Total Loans on Nonaccru
Loans - Total Loans on Nonaccrual (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | $ 12,886 | $ 13,810 |
Residential and Land Development [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 253 | 263 |
Real Estate, Mortgage [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 8,888 | 9,548 |
Real Estate, Construction [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 1,145 | 1,177 |
Commercial and Industrial [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | 2,597 | 2,818 |
Other [Member] | ||
Schedule Of Financing Receivables Non Accrual Status [Line Items] | ||
Total loans on nonaccrual | $ 3 | $ 4 |
Loans - Additional Information
Loans - Additional Information (Detail) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Receivables [Abstract] | ||
Specific reserves allocated to troubled debt restructurings | $ 80,000 | $ 86,000 |
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 | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | $ 10,516 | $ 11,287 |
With no related allowance recorded, Recorded Investment | 9,110 | 9,880 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 9,167 | 10,598 |
With no related allowance recorded, Interest Income Recognized | 6 | 31 |
With a related allowance recorded, Unpaid Principal Balance | 5,796 | 5,963 |
With a related allowance recorded, Recorded Investment | 4,912 | 5,079 |
With a related allowance recorded, Related Allowance | 1,171 | 1,212 |
With a related allowance recorded, Average Recorded Investment | 4,816 | 5,100 |
With a related allowance recorded, Interest Income Recognized | 7 | 28 |
Total by class of loans, Unpaid Principal Balance | 16,312 | 17,250 |
Total by class of loans, Recorded Investment | 14,022 | 14,959 |
Total by class of loans, Related Allowance | 1,171 | 1,212 |
Total by class of loans, Average Recorded Investment | 13,983 | 15,698 |
Total by class of loans, Interest Income Recognized | 13 | 59 |
Real Estate, Construction [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 1,411 | 1,441 |
With no related allowance recorded, Recorded Investment | 938 | 967 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 948 | 1,024 |
With a related allowance recorded, Unpaid Principal Balance | 207 | 210 |
With a related allowance recorded, Recorded Investment | 207 | 210 |
With a related allowance recorded, Related Allowance | 98 | 105 |
With a related allowance recorded, Average Recorded Investment | 208 | 226 |
Total by class of loans, Unpaid Principal Balance | 1,618 | 1,651 |
Total by class of loans, Recorded Investment | 1,145 | 1,177 |
Total by class of loans, Related Allowance | 98 | 105 |
Total by class of loans, Average Recorded Investment | 1,156 | 1,250 |
Commercial and Industrial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 899 | 922 |
With no related allowance recorded, Recorded Investment | 861 | 884 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 870 | 916 |
With a related allowance recorded, Unpaid Principal Balance | 1,934 | |
With a related allowance recorded, Recorded Investment | 1,934 | |
With a related allowance recorded, Related Allowance | 342 | |
With a related allowance recorded, Average Recorded Investment | 1,923 | |
Total by class of loans, Unpaid Principal Balance | 2,635 | 2,856 |
Total by class of loans, Recorded Investment | 2,597 | 2,818 |
Total by class of loans, Related Allowance | 321 | 342 |
Total by class of loans, Average Recorded Investment | 2,639 | 2,839 |
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 | 3 | |
With a related allowance recorded, Recorded Investment | 3 | |
With a related allowance recorded, Average Recorded Investment | 3 | |
Total by class of loans, Unpaid Principal Balance | 3 | 4 |
Total by class of loans, Recorded Investment | 3 | 4 |
Total by class of loans, Average Recorded Investment | 3 | 4 |
Commercial And Industrial [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With a related allowance recorded, Unpaid Principal Balance | 1,736 | |
With a related allowance recorded, Recorded Investment | 1,736 | |
With a related allowance recorded, Related Allowance | 321 | |
With a related allowance recorded, Average Recorded Investment | 1,769 | |
Residential and Land Development [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With a related allowance recorded, Unpaid Principal Balance | 253 | 263 |
With a related allowance recorded, Recorded Investment | 253 | 263 |
With a related allowance recorded, Related Allowance | 40 | 40 |
With a related allowance recorded, Average Recorded Investment | 260 | 275 |
Total by class of loans, Unpaid Principal Balance | 253 | 263 |
Total by class of loans, Recorded Investment | 253 | 263 |
Total by class of loans, Related Allowance | 40 | 40 |
Total by class of loans, Average Recorded Investment | 260 | 275 |
Real Estate, Mortgage [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With no related allowance recorded, Unpaid Principal Balance | 8,206 | 8,920 |
With no related allowance recorded, Recorded Investment | 7,311 | 8,025 |
With no related allowance recorded, Related Allowance | 0 | 0 |
With no related allowance recorded, Average Recorded Investment | 7,349 | 8,654 |
With no related allowance recorded, Interest Income Recognized | 6 | 31 |
With a related allowance recorded, Unpaid Principal Balance | 3,597 | 3,556 |
With a related allowance recorded, Recorded Investment | 2,713 | 2,672 |
With a related allowance recorded, Related Allowance | 712 | 725 |
With a related allowance recorded, Average Recorded Investment | 2,576 | 2,676 |
With a related allowance recorded, Interest Income Recognized | 7 | 28 |
Total by class of loans, Unpaid Principal Balance | 11,803 | 12,476 |
Total by class of loans, Recorded Investment | 10,024 | 10,697 |
Total by class of loans, Related Allowance | 712 | 725 |
Total by class of loans, Average Recorded Investment | 9,925 | 11,330 |
Total by class of loans, Interest Income Recognized | $ 13 | $ 59 |
Allowance for Loan Losses - All
Allowance for Loan Losses - Allowance for Loan Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Beginning Balance | $ 6,153 | $ 5,466 |
Charge-offs | (152) | (59) |
Recoveries | 176 | 49 |
Provision | 35 | 26 |
Ending Balance | 6,212 | 5,482 |
Ending balance: individually evaluated for impairment | 1,781 | 920 |
Ending balance: collectively evaluated for impairment | 4,431 | 4,562 |
Ending balance: individually evaluated for impairment | 28,236 | 36,219 |
Ending balance: collectively evaluated for impairment | 247,216 | 266,973 |
Real Estate, Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Beginning Balance | 202 | 199 |
Recoveries | 10 | |
Provision | (12) | 2 |
Ending Balance | 190 | 211 |
Ending balance: individually evaluated for impairment | 98 | 141 |
Ending balance: collectively evaluated for impairment | 92 | 70 |
Ending balance: individually evaluated for impairment | 1,402 | 2,067 |
Ending balance: collectively evaluated for impairment | 33,880 | 29,381 |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Beginning Balance | 892 | 651 |
Charge-offs | (44) | |
Recoveries | 13 | 11 |
Provision | (63) | 21 |
Ending Balance | 798 | 683 |
Ending balance: individually evaluated for impairment | 560 | 210 |
Ending balance: collectively evaluated for impairment | 238 | 473 |
Ending balance: individually evaluated for impairment | 2,913 | 1,349 |
Ending balance: collectively evaluated for impairment | 21,025 | 37,159 |
Other [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Beginning Balance | 178 | 205 |
Charge-offs | (94) | (59) |
Recoveries | 45 | 20 |
Provision | 32 | 43 |
Ending Balance | 161 | 209 |
Ending balance: individually evaluated for impairment | 3 | 18 |
Ending balance: collectively evaluated for impairment | 158 | 191 |
Ending balance: individually evaluated for impairment | 12 | 32 |
Ending balance: collectively evaluated for impairment | 6,254 | 8,141 |
Gaming [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Beginning Balance | 536 | 545 |
Provision | (98) | (168) |
Ending Balance | 438 | 377 |
Ending balance: collectively evaluated for impairment | 438 | 377 |
Ending balance: collectively evaluated for impairment | 24,475 | 20,379 |
Residential and Land Development [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Beginning Balance | 40 | 66 |
Ending Balance | 40 | 66 |
Ending balance: individually evaluated for impairment | 40 | 66 |
Ending balance: individually evaluated for impairment | 253 | 282 |
Real Estate, Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Beginning Balance | 4,305 | 3,800 |
Charge-offs | (14) | |
Recoveries | 118 | 8 |
Provision | 176 | 128 |
Ending Balance | 4,585 | 3,936 |
Ending balance: individually evaluated for impairment | 1,080 | 485 |
Ending balance: collectively evaluated for impairment | 3,505 | 3,451 |
Ending balance: individually evaluated for impairment | 23,656 | 32,489 |
Ending balance: collectively evaluated for impairment | $ 161,582 | $ 171,913 |
Deposits - Additional Informati
Deposits - Additional Information (Detail) - USD ($) | Mar. 31, 2018 | Dec. 31, 2017 |
Deposits, by Component, Alternative [Abstract] | ||
Time deposits total amount | $ 34,108,000 | $ 20,494,000 |
Fair Value Measurements and D37
Fair Value Measurements and Disclosures - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2018USD ($) | |
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 D38
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | $ 239,937 | $ 245,206 |
U.S. Treasuries [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 116,837 | 122,644 |
U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 14,666 | 19,831 |
Mortgage-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 94,471 | 88,261 |
States and Political Subdivisions [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 13,963 | 14,470 |
Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 239,937 | 245,206 |
Level 2 [Member] | U.S. Treasuries [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 116,837 | 122,644 |
Level 2 [Member] | U.S. Government Agencies [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 14,666 | 19,831 |
Level 2 [Member] | Mortgage-backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | 94,471 | 88,261 |
Level 2 [Member] | States and Political Subdivisions [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Available for sale securities | $ 13,963 | $ 14,470 |
Fair Value Measurements and D39
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Impairment Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value measured on non-recurring basis, impaired loans | $ 6,137 | $ 6,511 |
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value measured on non-recurring basis, impaired loans | $ 6,137 | $ 6,511 |
Fair Value Measurements and D40
Fair Value Measurements and Disclosures - Assets Measured at Fair Value on Non-Recurring Basis of Other Real Estate (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
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 | $ 8,845 | $ 8,232 | $ 8,513 |
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [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 | $ 8,845 | $ 8,232 |
Fair Value Measurements and D41
Fair Value Measurements and Disclosures - Change in Fair Value of Other Real Estate (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Other Real Estate [Abstract] | ||
Balance, beginning of period | $ 8,232 | $ 8,513 |
Loans transferred to ORE | 754 | 1,946 |
Sales | (124) | (1,767) |
Writedowns | (17) | (460) |
Balance, end of period | $ 8,845 | $ 8,232 |
Fair Value Measurements and D42
Fair Value Measurements and Disclosures - Carrying Value and Estimated Fair Value of Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Financial Assets: | ||
Cash and due from banks | $ 31,519 | $ 25,281 |
Available for sale securities | 239,937 | 245,206 |
Held to maturity securities | 50,882 | 51,163 |
Held to maturity securities, fair value | 49,558 | 50,538 |
Other investments | 3,154 | 3,193 |
Other investments, Fair Value | 3,154 | 3,193 |
Federal Home Loan Bank stock | 1,432 | 1,370 |
Federal Home Loan Bank stock, Fair Value | 1,432 | 1,370 |
Loans, net | 269,240 | 274,296 |
Loans, net, Fair Value | 264,041 | 270,924 |
Other real estate | 8,845 | 8,232 |
Other real estate, Fair Value | 8,845 | 8,232 |
Cash surrender value of life insurance | 18,430 | 18,301 |
Cash surrender value of life insurance, Fair Value | 18,430 | 18,301 |
Deposits: | ||
Non-interest bearing | 162,495 | 127,274 |
Non-interest bearing, Fair Value | 162,495 | 127,274 |
Interest bearing, Fair Value | 376,860 | 402,610 |
Borrowings from Federal Home Loan Bank | 1,184 | 11,198 |
Borrowings from Federal Home Loan Bank, Fair Value | 1,351 | 11,389 |
Carrying Amount [Member] | ||
Financial Assets: | ||
Cash and due from banks | 31,519 | 25,281 |
Available for sale securities | 239,937 | 245,664 |
Held to maturity securities | 50,882 | 51,163 |
Other investments | 3,154 | 3,193 |
Federal Home Loan Bank stock | 1,432 | 1,370 |
Loans, net | 269,240 | 274,296 |
Other real estate | 8,845 | 8,232 |
Cash surrender value of life insurance | 18,430 | 18,301 |
Deposits: | ||
Non-interest bearing | 162,495 | 127,274 |
Interest bearing | 376,441 | 402,296 |
Borrowings from Federal Home Loan Bank | 1,184 | 11,198 |
Level 1 [Member] | ||
Financial Assets: | ||
Cash and due from banks | 31,519 | 25,281 |
Other investments, Fair Value | 3,154 | 3,193 |
Deposits: | ||
Non-interest bearing, Fair Value | 162,495 | 127,274 |
Level 2 [Member] | ||
Financial Assets: | ||
Available for sale securities | 239,937 | 245,664 |
Held to maturity securities, fair value | 49,558 | 50,538 |
Federal Home Loan Bank stock, Fair Value | 1,432 | 1,370 |
Cash surrender value of life insurance, Fair Value | 18,430 | 18,301 |
Deposits: | ||
Borrowings from Federal Home Loan Bank, Fair Value | 1,351 | 11,389 |
Level 3 [Member] | ||
Financial Assets: | ||
Loans, net, Fair Value | 264,041 | 270,924 |
Other real estate, Fair Value | 8,845 | 8,232 |
Deposits: | ||
Interest bearing, Fair Value | $ 376,860 | $ 402,610 |