Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2023 | May 03, 2023 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000859070 | |
Entity Registrant Name | FIRST COMMUNITY BANKSHARES INC /VA/ | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2023 | |
Document Transition Report | false | |
Entity File Number | 000-19297 | |
Entity Incorporation, State or Country Code | VA | |
Entity Tax Identification Number | 55-0694814 | |
Entity Address, Address Line One | P.O. Box 989 | |
Entity Address, City or Town | Bluefield | |
Entity Address, State or Province | VA | |
Entity Address, Postal Zip Code | 24605-0989 | |
City Area Code | 276 | |
Local Phone Number | 326-9000 | |
Title of 12(b) Security | Common Stock ($1.00 par value) | |
Trading Symbol | FCBC | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 19,234,637 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | |
Assets | |||
Cash and due from banks | $ 62,309 | $ 63,044 | [1] |
Federal funds sold | 28,135 | 105,636 | [1] |
Interest-bearing deposits in banks | 1,941 | 2,166 | [1] |
Total cash and cash equivalents | 92,385 | 170,846 | [1] |
Debt securities available for sale | 308,269 | 300,349 | [1] |
Loans held for investment, net of unearned income | 2,388,897 | 2,400,197 | [1] |
Allowance for credit losses | (30,789) | (30,556) | [1] |
Loans held for investment, net | 2,358,108 | 2,369,641 | [1] |
Premises and equipment, net | 47,407 | 47,340 | [1] |
Other real estate owned | 481 | 703 | [1] |
Interest receivable | 8,646 | 9,279 | [1] |
Goodwill | 129,565 | 129,565 | [1] |
Other intangible assets | 3,942 | 4,176 | [1] |
Other assets | 102,869 | 103,673 | [1] |
Total assets | 3,051,672 | 3,135,572 | [1] |
Liabilities | |||
Noninterest-bearing | 823,297 | 872,168 | |
Interest-bearing | 1,761,327 | 1,806,647 | |
Total deposits | 2,584,624 | 2,678,815 | [1] |
Securities sold under agreements to repurchase | 1,866 | 1,874 | [1] |
Interest, taxes, and other liabilities | 33,451 | 32,898 | [1] |
Total liabilities | 2,619,941 | 2,713,587 | [1] |
Stockholders' equity | |||
Preferred stock, undesignated par value; 1,000,000 shares authorized; Series A Noncumulative Convertible Preferred Stock, $0.01 par value; 25,000 shares authorized; none outstanding | 0 | 0 | [1] |
Common stock, $1 par value; 50,000,000 shares authorized; 24,495,623 shares issued and 16,243,551 outstanding at March 31, 2023; 23,371,822 shares issued and 16,225,399 outstanding at December 31, 2022 | 16,243 | 16,225 | |
Additional paid-in capital | 128,666 | 128,508 | [1] |
Retained earnings | 300,047 | 292,971 | [1] |
Accumulated other comprehensive loss | (13,225) | (15,719) | [1] |
Total stockholders' equity | 431,731 | 421,985 | [1] |
Total liabilities and stockholders' equity | $ 3,051,672 | $ 3,135,572 | [1] |
[1]Derived from audited financial statements |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Mar. 31, 2023 | Dec. 31, 2022 | |
Common stock, par value (in dollars per share) | $ 1 | $ 1 | |
Common stock, authorized (in shares) | 50,000,000 | 50,000,000 | |
Common stock, issued (in shares) | 24,495,623 | 23,371,822 | |
Common stock, outstanding (in shares) | 16,243,551 | 16,225,399 | |
Undesignated Par Value [Member] | |||
Preferred stock, no par value (in dollars per share) | $ 0 | $ 0 | [1] |
Preferred stock, authorized (in shares) | 1,000,000 | 1,000,000 | [1] |
Designated Par Value [Member] | |||
Preferred stock, authorized (in shares) | 25,000 | 25,000 | [1] |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 | [1] |
Preferred stock, outstanding (in shares) | 0 | 0 | [1] |
[1]Derived from audited financial statements |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Interest income: | ||
Interest and fees on loans | $ 27,628 | $ 24,641 |
Interest on securities -- taxable | 1,934 | 556 |
Interest on securities -- tax-exempt | 165 | 194 |
Interest on deposits in banks | 462 | 248 |
Total interest income | 30,189 | 25,639 |
Interest expense: | ||
Interest on deposits | 718 | 486 |
Interest on short-term borrowings | 59 | 0 |
Total interest expense | 777 | 486 |
Net interest income | 29,412 | 25,153 |
Provision for credit losses | 1,742 | 1,961 |
Net interest income after provision for loan losses | 27,670 | 23,192 |
Noninterest income: | ||
Gain on sale of securities | 7 | 0 |
Other operating income | 1,318 | 1,707 |
Total noninterest income | 8,583 | 9,194 |
Noninterest expense: | ||
Salaries and employee benefits | 11,595 | 11,671 |
Occupancy expense | 1,168 | 1,269 |
Furniture and equipment expense | 1,401 | 1,614 |
Service fees | 2,019 | 1,503 |
Advertising and public relations | 643 | 540 |
Professional fees | 327 | 453 |
Amortization of intangibles | 234 | 357 |
FDIC premiums and assessments | 320 | 218 |
Merger expenses | 379 | 0 |
Other operating expense | 2,727 | 2,361 |
Total noninterest expense | 20,813 | 19,986 |
Income before income taxes | 15,440 | 12,400 |
Income tax expense | 3,658 | 2,885 |
Net income | $ 11,782 | $ 9,515 |
Earnings per common share | ||
Basic (in dollars per share) | $ 0.73 | $ 0.57 |
Diluted (in dollars per share) | $ 0.72 | $ 0.56 |
Weighted average shares outstanding | ||
Basic (in shares) | 16,228,297 | 16,817,284 |
Diluted (in shares) | 16,289,489 | 16,864,515 |
Fiduciary and Trust [Member] | ||
Noninterest income: | ||
Noninterest income | $ 1,017 | $ 972 |
Deposit Account [Member] | ||
Noninterest income: | ||
Noninterest income | 3,159 | 3,498 |
Financial Service, Other [Member] | ||
Noninterest income: | ||
Noninterest income | $ 3,082 | $ 3,017 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Net income | $ 11,782 | $ 9,515 |
Other comprehensive income (loss), before tax | ||
Change in net unrealized losses on debt securities | 3,163 | (5,896) |
Reclassification adjustment for gains recognized in net income | (7) | 0 |
Net unrealized gains on available-for-sale debt securities | 3,156 | (5,896) |
Employee benefit plans: | ||
Net actuarial loss | (33) | (423) |
Reclassification adjustment for amortization of prior service cost and net actuarial loss recognized in net income | 33 | 34 |
Net unrealized losses on employee benefit plans | 0 | (389) |
Other comprehensive income (loss), before tax | 3,156 | (6,285) |
Income tax expense (benefit) | 662 | (1,319) |
Other comprehensive income (loss), net of tax | 2,494 | (4,966) |
Total comprehensive income | $ 14,276 | $ 4,549 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Preferred Stock [Member] | Common Stock Outstanding [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total | |
Balance (in shares) at Dec. 31, 2021 | 0 | 16,878,220 | |||||
Balance at Dec. 31, 2021 | $ 0 | $ 16,878 | $ 147,619 | $ 264,824 | $ (1,546) | $ 427,775 | |
Net income | 0 | 0 | 0 | 9,515 | 0 | 9,515 | |
Other comprehensive loss | 0 | 0 | 0 | 0 | (4,966) | (4,966) | |
Common dividends declared | $ 0 | $ 0 | 0 | (4,541) | 0 | (4,541) | |
Equity-based compensation expense (in shares) | 0 | 25,137 | |||||
Equity-based compensation expense | $ 0 | $ 25 | 147 | 0 | 0 | $ 172 | |
Common stock options exercised, shares (in shares) | 0 | 4,536 | 4,536 | ||||
Common stock options exercised | $ 0 | $ 5 | 98 | 0 | 0 | $ 103 | |
Issuance of stock to 401(k) plan, shares (in shares) | 0 | 6,082 | 6,082 | ||||
Issuance of stock to 401(k) plan | $ 0 | $ 6 | 179 | 0 | 0 | $ 185 | |
Repurchase of common shares (in shares) | 0 | (132,000) | (132,000) | ||||
Repurchase of common shares | $ 0 | $ (132) | (3,955) | 0 | 0 | $ (4,087) | |
Balance (in shares) at Mar. 31, 2022 | 0 | 16,781,975 | |||||
Balance at Mar. 31, 2022 | $ 0 | $ 16,782 | 144,088 | 269,798 | (6,512) | 424,156 | |
Balance (in shares) at Dec. 31, 2022 | 0 | 16,225,399 | |||||
Balance at Dec. 31, 2022 | $ 0 | $ 16,225 | 128,508 | 292,971 | (15,719) | 421,985 | [1] |
Net income | 0 | 0 | 0 | 11,782 | 0 | 11,782 | |
Other comprehensive loss | 0 | 0 | 0 | 0 | 2,494 | 2,494 | |
Common dividends declared | $ 0 | $ 0 | 0 | (4,706) | 0 | (4,706) | |
Equity-based compensation expense (in shares) | 0 | 15,732 | |||||
Equity-based compensation expense | $ 0 | $ 16 | 104 | 0 | 0 | $ 120 | |
Common stock options exercised, shares (in shares) | 0 | 2,158 | 2,158 | ||||
Common stock options exercised | $ 0 | $ 2 | 46 | 0 | 0 | $ 48 | |
Issuance of stock to 401(k) plan, shares (in shares) | 0 | 262 | 262 | ||||
Issuance of stock to 401(k) plan | $ 0 | $ 0 | 8 | 0 | 0 | $ 8 | |
Balance (in shares) at Mar. 31, 2023 | 0 | 16,243,551 | |||||
Balance at Mar. 31, 2023 | $ 0 | $ 16,243 | $ 128,666 | $ 300,047 | $ (13,225) | $ 431,731 | |
[1]Derived from audited financial statements |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Common dividends declared, per share (in dollars per share) | $ 0.29 | $ 0.27 |
Common stock options exercised, shares (in shares) | 2,158 | 4,536 |
Issuance of stock to 401(k) plan, shares (in shares) | 262 | 6,082 |
Repurchase of common shares, shares (in shares) | 132,000 | |
Repurchase of common shares, per share (in dollars per share) | $ 30.96 |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Operating activities | ||
Net income | $ 11,782 | $ 9,515 |
Adjustments to reconcile net income to net cash provided by operating activities | ||
Provision for credit losses for loans | 1,742 | 1,961 |
Depreciation and amortization of premises and equipment | 921 | 1,108 |
(Accretion) amortization of premiums (discounts) on investments, net | (523) | 100 |
Amortization of intangible assets | 234 | 357 |
Accretion on acquired loans | (193) | (866) |
Equity-based compensation expense | 120 | 172 |
Issuance of common stock to 401(k) plan | 8 | 185 |
(Gain) loss on sale of premises and equipment, net | (2) | (392) |
Loss (gain) on sale of other real estate owned | 51 | (5) |
Gain on sale of securities | (7) | 0 |
Decrease (increase) in accrued interest receivable | 633 | (200) |
Decrease (increase) in other operating activities | 1,061 | (1,497) |
Net cash provided by operating activities | 15,827 | 10,438 |
Investing activities | ||
Proceeds from sale of securities available for sale | 17,007 | 0 |
Proceeds from maturities, prepayments, and calls of securities available for sale | 10,618 | 4,763 |
Payments to acquire securities available for sale | (31,859) | (203,170) |
Net decrease (increase) in loans | 9,695 | (78,716) |
Purchase of FHLB stock, net | (3,829) | (238) |
Proceeds from bank owned life insurance | 3,717 | 0 |
Proceeds from sale of premises and equipment | 4 | 796 |
Payments to acquire premises and equipment | (1,012) | (175) |
Proceeds from sale of other real estate owned | 228 | 189 |
Net cash provided (used) by investing activities | 4,569 | (276,551) |
Financing activities | ||
(Decrease) increase in noninterest-bearing deposits, net | (48,871) | 17,869 |
(Decrease) increase in interest-bearing deposits, net | (45,320) | 35,684 |
(Repayments) proceeds from securities sold under agreements to repurchase, net | (8) | 952 |
Proceeds from stock options exercised | 48 | 103 |
Payments for repurchase of common stock | 0 | (4,087) |
Payments of common dividends | (4,706) | (4,541) |
Net cash (used) provided by financing activities | (98,857) | 45,980 |
Net (decrease) increase in cash and cash equivalents | (78,461) | (220,133) |
Cash and cash equivalents at beginning of period | 170,846 | 677,439 |
Cash and cash equivalents at end of period | 92,385 | 457,306 |
Supplemental disclosure -- cash flow information | ||
Cash paid for interest | 726 | 889 |
Cash paid for income taxes | 0 | 0 |
Supplemental transactions -- noncash items | ||
Transfer of loans to other real estate owned | 57 | 17 |
Increase in accumulated other comprehensive income (loss), net of taxes | $ 2,494 | $ (4,966) |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | Note 1. Basis of Presentation General First Community Bankshares, Inc. (the “Company”), is a financial holding company incorporated under the laws of the Commonwealth of Virginia. The Company’s principal executive office is located in Bluefield, Virginia. The Company provides banking products and services to individual and commercial customers through its wholly owned subsidiary First Community Bank (the “Bank”), a Virginia-chartered banking institution founded in 1874. Principles of Consolidation The Company’s accounting and reporting policies conform with U.S. generally accepted accounting principles (“GAAP”) and prevailing practices in the banking industry. The consolidated financial statements include all accounts of the Company and its wholly owned subsidiaries and eliminate all intercompany balances and transactions. The Company operates in one not may These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10 December 31, 2022 2022 10 February 22, 2023. December 31, 2022 Reclassifications Certain amounts reported in prior years have been reclassified to conform to the current year’s presentation. These reclassifications had no Use of Estimates Preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that require the most subjective or complex judgments relate to fair value measurements, investment securities, the allowance for loan losses, goodwill and other intangible assets, and income taxes. A discussion of the Company’s application of critical accounting estimates is included in “Critical Accounting Estimates” in Item 2 Significant Accounting Policies The Company’s significant accounting policies are included in Note 1, 8 2022 10 Allowance for Credit Losses ( ACL ) On January 1, 2021, 2016 13, 326 ACL – Investment Securities Each quarter, the Company evaluates impairment where there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value. The nature of the collateral is considered along with potential future changes in collateral values, default rates, delinquency rates, third The Company excludes the accrued interest receivable from the amortized cost basis in measuring expected credit losses on the investment securities and does not March 31, 2023 The Company’s estimate of expected credit losses includes a measure of the expected risk of credit loss even if that risk is remote. The Company does not not zero third zero one not zero ACL – Loans The Company reviews our allowance for credit losses quarterly to determine if it is sufficient to absorb expected loan losses in the portfolio. This determination requires management to make significant estimates and assumptions. While the Company uses its best judgment and available information, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond our control, including the performance of our loan portfolio, the economy, changes in interest rates, and the view of regulatory authorities towards loan classifications. These uncertainties may The ACL is an estimate of losses that will result from the inability of borrowers to make required loan payments. The Company established the incremental increase in the ACL at the adoption through retained earnings and subsequent adjustments will be made through a provision for credit losses charged to earnings. Loans charged off are recorded against the ACL and subsequent recoveries increase the ACL when they are recognized. A systematic methodology is used to determine ACL for loans held for investment and certain off-balance sheet credit exposures. The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. The Company considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the loan portfolio. The Company’s estimate of its ACL involves a high degree of judgement and reflects management’s best estimate within the range of expected credit losses. The Company recognizes in net income the amount needed to adjust the ACL for management’s current estimate of expected credit losses. The Company’s ACL is calculated using collectively evaluated and individually evaluated loans. The Company collectively evaluates loans that share similar risk characteristics. In general, loans are segmented by loan purpose. The Company collectively evaluates loans within the following consumer and commercial segments: Loans secured by 1 4 Risk characteristics of residential real estate loans which include loans secured by Single family properties, HELOC, and Owner occupied construction loans are dependent upon individual borrowers who are affected by changes in general economic conditions, real estate valuations, and the demand for housing. Commercial and Industrial, Multi-family residential, Non-farm/non-residential, Agricultural, and Loans secured by Farmland are similar in that they are generally dependent upon the borrower's internal cash flow from operations to service the debt and changes in general economic conditions. Commercial construction, Development, and other land loans, Consumer, and Other consumer loans (open pool) are similar in that they are dependent on changes in general economic conditions. For collectively evaluated loans, the Company uses a combination of discounted cash flow and remaining life to estimate expected credit losses. During 2022, third not one The Company considers forward-looking information in estimated expected credit losses. The Company subscribes to a third one eight may Included in its systematic methodology to determine its ACL for loans held for investment and certain off-balance sheet credit exposures, The Company considers the need to qualitatively adjust expected credit losses for information not 1 2 3 4 5 6 7 8 9 When a loan no not The Company follows its nonaccrual policy by reversing contractual interest income in the income statement when the Company places a loan on nonaccrual status. Therefore, Management excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on the portfolio and does not March 31, 2023 Effective January 1, 2023, 2022 02, 326 Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses, a change to the allowance for credit losses is generally not may The Company has a variety of assets that have a component that qualifies as an off-balance sheet exposure. These primarily include undrawn portions of revolving lines of credit and standby letters of credit. The estimates are determined based on the likelihood of funding during the contractual term and an estimate of credit losses subsequent to funding. Estimated credit losses on subsequently funded balances are based on the same assumptions as used to estimate credit losses on existing funded loans. The expected losses associated with these exposures within the unfunded portion of the loans will be recorded as a liability on the balance sheet with an offsetting income statement expense. Management has determined that a majority of the Company’s off-balance-sheet credit exposures are not March 31, 2023 Recent Accounting Standards Standards Adopted in 2023 In March 2022, 2022 02, 326 January 1, 2023. 2016 13, January 1, 2023. no The Company does not |
Note 2 - Divestitures
Note 2 - Divestitures | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Note 2 . Divestitures On September 16, 2022, no two On November 18, 2022, April 21, 2023. $468 $253 |
Note 3 - Debt Securities
Note 3 - Debt Securities | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3 . Debt Securities There was no allowance for credit losses for debt securities as of March 31, 2023 not March 31, 2023 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 1,500 $ - $ (9 ) $ 1,491 U.S. Treasury Notes 174,052 3 (3,369 ) 170,686 Municipal securities 23,012 25 (80 ) 22,957 Corporate notes 31,543 - (1,764 ) 29,779 Agency mortgage-backed securities 94,780 4 (11,428 ) 83,356 Total $ 324,887 $ 32 $ (16,650 ) $ 308,269 December 31, 2022 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 1,500 $ — $ (15 ) $ 1,485 U.S. Treasury Notes 161,617 - (4,353 ) 157,264 Municipal securities 23,480 21 (192 ) 23,309 Corporate notes 37,046 — (2,189 ) 34,857 Agency mortgage-backed securities 96,480 3 (13,049 ) 83,434 Total $ 320,123 $ 24 $ (19,798 ) $ 300,349 The following table presents the amortized cost and aggregate fair value of available-for-sale debt securities by contractual maturity, as of the date indicated. Actual maturities could differ from contractual maturities because issuers may March 31, 2023 Amortized (Amounts in thousands) Cost Fair Value Available-for-sale debt securities Due within one year $ 157,230 $ 154,233 Due after one year but within five years 70,343 68,145 Due after five years but within ten years 2,534 2,535 230,107 224,913 Agency mortgage-backed securities 94,780 83,356 Total debt securities available for sale $ 324,887 $ 308,269 The following tables present the fair values and unrealized losses for available-for-sale debt securities in a continuous unrealized loss position for less than 12 12 March 31, 2023 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (Amounts in thousands) U.S. Agency securities $ 1,491 $ (9 ) $ - $ - $ 1,491 $ (9 ) U.S. Treasury Notes 54,208 (554 ) 106,906 (2,815 ) 161,114 (3,369 ) Municipal securities 7,463 (60 ) 1,169 (20 ) 8,632 (80 ) Corporate notes 2,972 (28 ) 26,807 (1,736 ) 29,779 (1,764 ) Agency mortgage-backed securities 10,009 (513 ) 73,212 (10,915 ) 83,221 (11,428 ) Total $ 76,143 $ (1,164 ) $ 208,094 $ (15,486 ) $ 284,237 $ (16,650 ) December 31, 2022 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (Amounts in thousands) U.S. Agency securities $ 1,485 $ (15 ) $ — $ — $ 1,485 $ (15 ) U.S. Treasury Notes 157,264 (4,353 ) — — 157,264 (4,353 ) Municipal securities 12,347 (192 ) — — 12,347 (192 ) Corporate notes 32,368 (2,172 ) 2,489 (17 ) 34,857 (2,189 ) Agency mortgage-backed securities 64,993 (8,824 ) 18,305 (4,225 ) 83,298 (13,049 ) Total $ 268,457 $ (15,556 ) $ 20,794 $ (4,242 ) $ 289,251 $ (19,798 ) There were 100 individual debt securities in an unrealized loss position as of March 31, 2023 December 31, 2022 Management evaluates securities for impairment where there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Credit losses are calculated individually, rather than collectively, using a discounted cash flow method, whereby Management compares the present value of expected cash flows with the amortized cost basis of the security. The credit loss component would be recognized through the provision for credit losses and the creation of an allowance for credit losses. Consideration is given to ( 1 2 3 4 not 5 6 7 third 8 one not zero March 31, 2023 not not not not 1 Management continues to monitor all of our securities with a high degree of scrutiny. There can be no not may A gross realized gain from the sale of available-for-sale debt securities of $7 thousand was recognized for the three March 31, 2023 2022 The carrying amount of securities pledged for various purposes totaled $21.07 million as of March 31, 2023 December 31, 2022 |
Note 4 - Loans
Note 4 - Loans | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 . Loans The Company groups loans held for investment into three March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 In accordance with the adoption of ASU 2016 13, March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 (Amounts in thousands) Amount Percent Amount Percent Loans held for investment Commercial loans Construction, development, and other land $ 115,023 4.81 % $ 117,174 4.88 % Commercial and industrial 151,293 6.33 % 150,428 6.27 % Multi-family residential 148,746 6.23 % 148,026 6.17 % Single family non-owner occupied 207,632 8.69 % 206,121 8.59 % Non-farm, non-residential 793,229 33.21 % 787,703 32.82 % Agricultural 12,042 0.50 % 12,032 0.50 % Farmland 12,137 0.51 % 11,779 0.49 % Total commercial loans 1,440,102 60.28 % 1,433,263 59.72 % Consumer real estate loans Home equity lines 73,762 3.09 % 75,642 3.15 % Single family owner occupied 727,202 30.44 % 734,540 30.61 % Owner occupied construction 10,276 0.43 % 10,366 0.43 % Total consumer real estate loans 811,240 33.96 % 820,548 34.19 % Consumer and other loans Consumer loans 136,310 5.71 % 144,582 6.02 % Other 1,245 0.05 % 1,804 0.07 % Total consumer and other loans 137,555 5.76 % 146,386 6.09 % Total loans held for investment, net of unearned income $ 2,388,897 100.00 % $ 2,400,197 100.00 % |
Note 5 - Credit Quality
Note 5 - Credit Quality | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | Note 5 . Credit Quality The Company uses a risk grading matrix to assign a risk grade to each loan in its portfolio. Loan risk ratings may ● Pass -- This grade is assigned to loans with acceptable credit quality and risk. The Company further segments this grade based on borrower characteristics that include capital strength, earnings stability, liquidity, leverage, and industry conditions. ● Special Mention -- This grade is assigned to loans that require an above average degree of supervision and attention. These loans have the characteristics of an asset with acceptable credit quality and risk; however, adverse economic or financial conditions exist that create potential weaknesses deserving of management’s close attention. If potential weaknesses are not may ● Substandard -- This grade is assigned to loans that have well defined weaknesses that may ● Doubtful -- This grade is assigned to loans that have the weaknesses inherent in substandard loans; however, the weaknesses are so severe that collection or liquidation in full is unlikely based on current facts, conditions, and values. Due to certain specific pending factors, the amount of loss cannot yet be determined. ● Loss -- This grade is assigned to loans that will be charged off or charged down when payments, including the timing and value of payments, are uncertain. This risk grade does not no not may The following table presents the recorded investment of the loan portfolio, by loan class and credit quality, as of the dates indicated: March 31, 2023 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 114,002 $ 323 $ 698 $ - $ - $ 115,023 Commercial and industrial 146,749 2,795 1,749 - - 151,293 Multi-family residential 144,909 3,629 208 - - 148,746 Single family non-owner occupied 197,731 2,006 7,895 - - 207,632 Non-farm, non-residential 770,509 10,865 11,855 - - 793,229 Agricultural 11,896 44 102 - - 12,042 Farmland 10,257 560 1,320 - - 12,137 Consumer real estate loans Home equity lines 71,030 198 2,534 - - 73,762 Single family owner occupied 700,431 1,875 24,896 - - 727,202 Owner occupied construction 10,116 - 160 - - 10,276 Consumer and other loans Consumer loans 133,417 10 2,883 - - 136,310 Other 1,245 - - - - 1,245 Total loans $ 2,312,292 $ 22,305 $ 54,300 $ - $ - $ 2,388,897 December 31, 2022 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 115,972 $ 853 $ 349 $ - $ - $ 117,174 Commercial and industrial 147,543 920 1,965 - - 150,428 Multi-family residential 143,859 3,946 221 - - 148,026 Single family non-owner occupied 195,775 2,303 8,043 - - 206,121 Non-farm, non-residential 761,154 14,903 11,646 - - 787,703 Agricultural 11,722 47 263 - - 12,032 Farmland 9,868 573 1,338 - - 11,779 Consumer real estate loans Home equity lines 72,927 288 2,427 - - 75,642 Single family owner occupied 706,952 1,958 25,630 - - 734,540 Owner occupied construction 10,204 - 162 - - 10,366 Consumer and other loans Consumer loans 141,551 11 3,020 - - 144,582 Other 1,804 - - - - 1,804 Total loans $ 2,319,331 $ 25,802 $ 55,064 $ - $ - $ 2,400,197 The following tables present the amortized cost basis and current period gross write-offs of the loan portfolio, by year of origination, loan class, and credit quality, as of the date indicated: (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Construction, development and other land Pass $ 1,395 $ 62,109 $ 36,248 $ 4,350 $ 2,742 $ 5,780 $ 1,378 $ 114,002 Special Mention - - - 238 - 85 - 323 Substandard - - 225 - 205 268 - 698 Doubtful - - - - - - - - Loss - - - - - - - - Total construction, development, and other land $ 1,395 $ 62,109 $ 36,473 $ 4,588 $ 2,947 $ 6,133 $ 1,378 $ 115,023 Current period gross write-offs $ - $ - $ - $ - $ 13 $ - $ - $ 13 Commercial and industrial Pass $ 8,914 $ 64,754 $ 21,001 $ 11,423 $ 6,813 $ 14,684 $ 19,160 $ 146,749 Special Mention - 1,144 17 15 321 601 697 2,795 Substandard - 211 163 97 604 674 - 1,749 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial and industrial $ 8,914 $ 66,109 $ 21,181 $ 11,535 $ 7,738 $ 15,959 $ 19,857 $ 151,293 Current period gross write-offs $ - $ - $ 59 $ - $ 32 $ - $ - $ 91 Multi-family residential Pass $ 463 $ 44,906 $ 20,587 $ 30,849 $ 3,699 $ 41,118 $ 3,287 $ 144,909 Special Mention - - - - - 3,629 - 3,629 Substandard - - - - - 208 - 208 Doubtful - - - - - - - - Loss - - - - - - - - Total multi-family residential $ 463 $ 44,906 $ 20,587 $ 30,849 $ 3,699 $ 44,955 $ 3,287 $ 148,746 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Non-farm, non-residential Pass $ 15,917 $ 221,536 $ 147,370 $ 112,918 $ 50,646 $ 210,888 $ 11,234 $ 770,509 Special Mention - - 1,905 845 - 8,103 12 10,865 Substandard - 88 1,110 536 3,609 6,317 195 11,855 Doubtful - - - - - - - - Loss - - - - - - - - Total non-farm, non-residential $ 15,917 $ 221,624 $ 150,385 $ 114,299 $ 54,255 $ 225,308 $ 11,441 $ 793,229 Current period gross write-offs $ - $ 8 $ - $ - $ - $ 2 $ - $ 10 Agricultural Pass $ 1,650 $ 5,514 $ 2,911 $ 885 $ 295 $ 183 $ 458 $ 11,896 Special Mention - - 31 12 - 1 - 44 Substandard - - 35 - 46 21 - 102 Doubtful - - - - - - - - Loss - - - - - - - - Total agricultural $ 1,650 $ 5,514 $ 2,977 $ 897 $ 341 $ 205 $ 458 $ 12,042 Current period gross write-offs $ - $ 59 $ - $ - $ - $ - $ - $ 59 Farmland Pass $ 823 $ 640 $ 597 $ 777 $ 71 $ 6,662 $ 687 $ 10,257 Special Mention - - 108 12 - 440 - 560 Substandard - - - 12 - 1,308 - 1,320 Doubtful - - - - - - - - Loss - - - - - - - - Total farmland $ 823 $ 640 $ 705 $ 801 $ 71 $ 8,410 $ 687 $ 12,137 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Home equity lines Pass $ 85 $ 976 $ 97 $ 143 $ - $ 4,288 $ 65,441 $ 71,030 Special Mention - - - - - 43 155 198 Substandard - 13 - 27 35 1,134 1,325 2,534 Doubtful - - - - - - - - Loss - - - - - - - - Total home equity lines $ 85 $ 989 $ 97 $ 170 $ 35 $ 5,465 $ 66,921 $ 73,762 Current period gross write-offs $ - $ - $ - $ - $ - $ 9 $ - $ 9 Single family Mortgage Pass $ 16,097 $ 157,381 $ 233,020 $ 203,425 $ 48,065 $ 239,664 $ 510 $ 898,162 Special Mention - - 349 90 124 3,318 - 3,881 Substandard - 455 1,314 866 1,226 28,930 - 32,791 Doubtful - - - - - - - - Loss - - - - - - - - Total single family owner and non-owner occupied $ 16,097 $ 157,836 $ 234,683 $ 204,381 $ 49,415 $ 271,912 $ 510 $ 934,834 Current period gross write-offs $ - $ - $ 31 $ - $ - $ 58 $ - $ 89 Owner occupied construction Pass $ 159 $ 6,979 $ 2,535 $ - $ 14 $ 429 $ - $ 10,116 Special Mention - - - - - - - - Substandard - - - 159 - 1 - 160 Doubtful - - - - - - - - Loss - - - - - - - - Total owner occupied construction $ 159 $ 6,979 $ 2,535 $ 159 $ 14 $ 430 $ - $ 10,276 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Consumer loans Pass $ 10,475 $ 62,509 $ 32,019 $ 13,115 $ 6,243 $ 2,555 $ 7,746 $ 134,662 Special Mention - - 4 - 5 - 1 10 Substandard 28 892 933 459 298 213 60 2,883 Doubtful - - - - - - - - Loss - - - - - - - - Total consumer loans $ 10,503 $ 63,401 $ 32,956 $ 13,574 $ 6,546 $ 2,768 $ 7,807 $ 137,555 Current period gross write-offs $ 200 $ 1,031 $ 802 $ 136 $ 78 $ 14 $ 38 $ 2,299 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Total Loans Pass $ 55,978 $ 627,304 $ 496,385 $ 377,885 $ 118,588 $ 526,251 $ 109,901 $ 2,312,292 Special Mention - 1,144 2,414 1,212 450 16,220 865 22,305 Substandard 28 1,659 3,780 2,156 6,023 39,074 1,580 54,300 Doubtful - - - - - - - - Loss - - - - - - - - Total loans $ 56,006 $ 630,107 $ 502,579 $ 381,253 $ 125,061 $ 581,545 $ 112,346 $ 2,388,897 Current period gross write-offs $ 200 $ 1,098 $ 892 $ 136 $ 123 $ 83 $ 38 $ 2,570 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Construction, development and other land Pass $ 58,770 $ 39,995 $ 4,602 $ 3,050 $ 2,485 $ 5,608 $ 1,462 $ 115,972 Special Mention - 225 - - 94 534 - 853 Substandard - - 267 71 11 - - 349 Doubtful - - - - - - - - Loss - - - - - - - - Total construction, development, and other land $ 58,770 $ 40,220 $ 4,869 $ 3,121 $ 2,590 $ 6,142 $ 1,462 $ 117,174 Commercial and industrial Pass $ 69,678 $ 23,746 $ 12,047 $ 7,729 $ 9,121 $ 8,890 $ 16,332 $ 147,543 Special Mention 227 20 21 367 185 1 99 920 Substandard 130 112 114 620 192 797 - 1,965 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial and industrial $ 70,035 $ 23,878 $ 12,182 $ 8,716 $ 9,498 $ 9,688 $ 16,431 $ 150,428 Multi-family residential Pass $ 45,261 $ 20,881 $ 31,087 $ 3,733 $ 1,328 $ 41,063 $ 506 $ 143,859 Special Mention - - - - - 3,946 - 3,946 Substandard - - - - - 221 - 221 Doubtful - - - - - - - - Loss - - - - - - - - Total multi-family residential $ 45,261 $ 20,881 $ 31,087 $ 3,733 $ 1,328 $ 45,230 $ 506 $ 148,026 Non-farm, non-residential Pass $ 218,595 $ 145,675 $ 114,840 $ 52,575 $ 35,564 $ 185,448 $ 8,457 $ 761,154 Special Mention - 1,927 852 1,193 2,708 8,076 147 14,903 Substandard - 1,267 675 2,509 1,531 5,664 - 11,646 Doubtful - - - - - - - - Loss - - - - - - - - Total non-farm, non-residential $ 218,595 $ 148,869 $ 116,367 $ 56,277 $ 39,803 $ 199,188 $ 8,604 $ 787,703 Agricultural Pass $ 6,244 $ 3,225 $ 1,003 $ 376 $ 154 $ 214 $ 506 $ 11,722 Special Mention - 33 14 - - - - 47 Substandard 124 37 1 66 24 11 - 263 Doubtful - - - - - - - - Loss - - - - - - - - Total agricultural $ 6,368 $ 3,295 $ 1,018 $ 442 $ 178 $ 225 $ 506 $ 12,032 Farmland Pass $ 646 $ 713 $ 796 $ 77 $ 869 $ 6,150 $ 617 $ 9,868 Special Mention - 109 - - 222 242 - 573 Substandard - - 12 - 253 1,073 - 1,338 Doubtful - - - - - - - - Loss - - - - - - - - Total farmland $ 646 $ 822 $ 808 $ 77 $ 1,344 $ 7,465 $ 617 $ 11,779 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Home equity lines Pass $ 1,960 $ 198 $ 241 $ - $ 24 $ 7,429 $ 63,075 $ 72,927 Special Mention - - - - - 117 171 288 Substandard - - 27 35 114 1,253 998 2,427 Doubtful - - - - - - - - Loss - - - - - - - - Total home equity lines $ 1,960 $ 198 $ 268 $ 35 $ 138 $ 8,799 $ 64,244 $ 75,642 Single family Mortgage Pass $ 157,890 $ 237,363 $ 207,480 $ 48,795 $ 36,678 $ 214,148 $ 373 $ 902,727 Special Mention - 376 90 363 262 3,170 - 4,261 Substandard 461 1,196 740 1,217 1,991 28,068 - 33,673 Doubtful - - - - - - - - Loss - - - - - - - - Total single family owner and non-owner occupied $ 158,351 $ 238,935 $ 208,310 $ 50,375 $ 38,931 $ 245,386 $ 373 $ 940,661 Owner occupied construction Pass $ 6,357 $ 3,344 $ - $ 23 $ 11 $ 469 $ - $ 10,204 Special Mention - - - - - - - - Substandard - - 162 - - - - 162 Doubtful - - - - - - - - Loss - - - - - - - - Total owner occupied construction $ 6,357 $ 3,344 $ 162 $ 23 $ 11 $ 469 $ - $ 10,366 Consumer loans Pass $ 69,579 $ 37,603 $ 16,033 $ 7,640 $ 2,528 $ 2,040 $ 7,932 $ 143,355 Special Mention - 5 - 6 - - - 11 Substandard 881 1,002 466 416 36 159 60 3,020 Doubtful - - - - - - - - Loss - - - - - - - - Total consumer loans $ 70,460 $ 38,610 $ 16,499 $ 8,062 $ 2,564 $ 2,199 $ 7,992 $ 146,386 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Total Loans Pass $ 634,980 $ 512,743 $ 388,129 $ 123,998 $ 88,762 $ 471,459 $ 99,260 $ 2,319,331 Special Mention 227 2,695 977 1,929 3,471 16,086 417 25,802 Substandard 1,596 3,614 2,464 4,934 4,152 37,246 1,058 55,064 Doubtful - - - - - - - - Loss - - - - - - - - Total loans $ 636,803 $ 519,052 $ 391,570 $ 130,861 $ 96,385 $ 524,791 $ 100,735 $ 2,400,197 The Company generally places a loan on nonaccrual status when it is 90 March 31, 2023 December 31, 2022 (Amounts in thousands) No Allowance With an Allowance Total No Allowance With an Allowance Total Commercial loans Construction, development, and other land $ 425 $ - $ 425 $ 31 $ - $ 31 Commercial and industrial 502 - 502 438 - 438 Multi-family residential 208 - 208 220 - 220 Single family non-owner occupied 942 - 942 984 - 984 Non-farm, non-residential 1,524 - 1,524 1,771 - 1,771 Agricultural 7 - 7 9 - 9 Farmland 133 - 133 133 - 133 Consumer real estate loans Home equity lines 612 - 612 400 - 400 Single family owner occupied 8,303 586 8,889 8,228 589 8,817 Owner occupied construction - - - - - - Consumer and other loans Consumer loans 2,315 - 2,315 2,405 - 2,405 Total nonaccrual loans $ 14,971 $ 586 $ 15,557 $ 14,619 $ 589 $ 15,208 During the first 2023 2022 The following tables presents the aging of past due loans, by loan class, as of the dates indicated. Nonaccrual loans 30 March 31, 2023 Amortized Cost of 30 - 59 Days 60 - 89 Days 90+ Days Total Current Total > 90 Days Accruing (Amounts in thousands) Past Due Past Due Past Due Past Due Loans Loans No Allowance Commercial loans Construction, development, and other land $ 173 $ 17 $ 418 $ 608 $ 114,415 $ 115,023 $ - Commercial and industrial 422 112 332 866 150,427 151,293 - Multi-family residential 133 - - 133 148,613 148,746 - Single family non-owner occupied 1,169 169 120 1,458 206,174 207,632 - Non-farm, non-residential 218 48 351 617 792,612 793,229 - Agricultural 34 - 7 41 12,001 12,042 - Farmland - - 133 133 12,004 12,137 - Consumer real estate loans Home equity lines 782 120 487 1,389 72,373 73,762 - Single family owner occupied 5,172 2,603 2,222 9,997 717,205 727,202 - Owner occupied construction - - - - 10,276 10,276 - Consumer and other loans Consumer loans 3,822 985 989 5,796 130,514 136,310 - Other - - - - 1,245 1,245 - Total loans $ 11,925 $ 4,054 $ 5,059 $ 21,038 $ 2,367,859 $ 2,388,897 $ - December 31, 2022 Amortized Cost of 30 - 59 Days 60 - 89 Days 90+ Days Total Current Total > 90 Days Accruing (Amounts in thousands) Past Due Past Due Past Due Past Due Loans Loans No Allowance Commercial loans Construction, development, and other land $ 393 $ 8 $ 23 $ 424 $ 116,750 $ 117,174 $ - Commercial and industrial 756 129 217 1,102 149,326 150,428 - Multi-family residential - - 83 83 147,943 148,026 - Single family non-owner occupied 990 122 299 1,411 204,710 206,121 - Non-farm, non-residential 646 52 548 1,246 786,457 787,703 - Agricultural 36 135 9 180 11,852 12,032 - Farmland - - 133 133 11,646 11,779 - Consumer real estate loans Home equity lines 519 115 262 896 74,746 75,642 - Single family owner occupied 5,951 2,322 3,166 11,439 723,101 734,540 - Owner occupied construction - - - - 10,366 10,366 - Consumer and other loans Consumer loans 4,282 1,960 1,459 7,701 136,881 144,582 - Other - - - - 1,804 1,804 - Total loans $ 13,573 $ 4,843 $ 6,199 $ 24,615 $ 2,375,582 $ 2,400,197 $ - ASC 326 may March 31, 2023 December 31, 2022 (Amounts in thousands) Balance Collateral Coverage % Balance Collateral Coverage % Commercial Real Estate Hotel $ - $ - - $ - $ - - Office - - - - - - Other - - - - - - Retail - - - - - - Multi-Family Industrial - - - - - - Office - - - - - - Other - - - - - - Commercial and industrial Industrial - - - - - - Other - - - - - - Home equity loans - - - - - - Consumer owner occupied 586 574 97.99 % 589 574 97.45 % Consumer - - - - - - Total collateral dependent loans $ 586 $ 574 97.99 % $ 589 $ 574 97.45 % The Company may January 1, 2023, 2022 02, 326 2016 13, Payment Delays Amortized Cost Basis % of Total Class of March 31, 2023 Financing Receivable Financial Effect (Amounts in thousands) Single family owner occupied $ 410 0.056 % Deferred $6 thousand in principal to maturity Total $ 410 Term Extensions Amortized Cost Basis % of Total Class of March 31, 2023 Financing Receivable Financial Effect (Amounts in thousands) Consumer $ 9 0.007 % Extended term from 60 to 84 months Total $ 9 Principal Forgiveness Amortized Cost Basis % of Total Class of March 31, 2023 Financing Receivable Financial Effect (Amounts in thousands) Single family owner occupied $ 10 0.001 % Reduced amortized cost basis by $13 thousand Total $ 10 Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. As of March 31, 2023 The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the last three March 31, 2023 Payment Status (Amortized Cost Basis) Current 30-89 Days Past Due 90+ Days Past Due (Amounts in thousands) Single family owner occupied $ 420 $ - $ - Consumer 9 - - Total $ 429 $ - $ - Prior to the adoption of ASU 2022 02, 326 December 31, 2022 (Amounts in thousands) Nonaccrual(1) Accruing Total Commercial loans Commercial and industrial $ - $ 374 $ 374 Single family non-owner occupied 142 838 980 Non-farm, non-residential - 747 747 Consumer real estate loans Home equity lines - 55 55 Single family owner occupied 1,182 5,073 6,255 Owner occupied construction - - - Consumer and other loans Consumer loans - 25 25 Total TDRs $ 1,324 $ 7,112 $ 8,436 Allowance for credit losses related to TDRs $ - ( 1 Nonaccrual TDRs are included in total nonaccrual loans disclosed in the nonaccrual table above. The following table presents interest income recognized on TDRs for the periods indicated: Three Months Ended March 31, 2022 (Amounts in thousands) Interest income recognized $ 105 The following tables present loans modified as TDRs, by type of concession made and loan class, that were restructured during the periods indicated: Three Months Ended March 31, 2022 (Amounts in thousands) Total Contracts Pre-modification Recorded Investment Post-modification Recorded Investment(1) Below market interest rate Single family owner occupied 1 $ 31 $ 32 Total below market interest rate 1 $ 31 $ 32 Total 1 $ 31 $ 32 ( 1 Represents the loan balance immediately following modification As of March 31, 2022 one The following table provides information about other real estate owned (“OREO”), which consists of properties acquired through foreclosure, as of the dates indicated: March 31, 2023 December 31, 2022 (Amounts in thousands) OREO $ 481 $ 703 OREO secured by residential real estate $ 249 $ 407 Residential real estate loans in the foreclosure process (1) $ 1,850 $ 1,474 ( 1 The recorded investment in consumer mortgage loans collateralized by residential real estate that are in the process of foreclosure according to local requirements of the applicable jurisdiction |
Note 6 - Allowance for Credit L
Note 6 - Allowance for Credit Losses | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Allowance for Credit Losses [Text Block] | Note 6 . Allowance for Credit Losses The following tables present the changes in the allowance for credit losses, by loan segment, during the periods indicated: Three Months Ended March 31, 2023 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Balance at beginning of year: Allowance for credit losses - loans $ 17,213 $ 8,931 $ 4,412 $ 30,556 Allowance for credit losses - loan commitments 1,018 156 22 1,196 Total allowance for credit losses beginning of year 18,231 9,087 4,434 31,752 Provision for credit losses: Provision for credit losses - loans 37 103 1,834 1,974 (Recovery of) provision for credit losses - loan commitments (232 ) (6 ) 6 (232 ) Total provision for credit losses - loans and loan commitments (195 ) 97 1,840 1,742 Charge-offs (173 ) (98 ) (2,299 ) (2,570 ) Recoveries 192 59 578 829 Net recoveries (charge-offs) 19 (39 ) (1,721 ) (1,741 ) Allowance for credit losses - loans 17,269 8,995 4,525 30,789 Allowance for credit losses - loan commitments 786 150 28 964 Ending balance $ 18,055 $ 9,145 $ 4,553 $ 31,753 Three Months Ended March 31, 2022 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Balance at beginning of year: Allowance for credit losses - loans $ 14,775 $ 9,972 $ 3,111 $ 27,858 Allowance for credit losses - loan commitments 576 88 14 678 Total allowance for credit losses beginning of year 15,351 10,060 3,125 28,536 Provision for credit losses: Provision for credit losses - loans 1,108 (241 ) 1,094 1,961 (Recovery of) provision for credit losses - loan commitments 87 6 5 98 Total provision for credit losses - loans and loan commitments 1,195 (235 ) 1,099 2,059 Charge-offs (257 ) (6 ) (1,039 ) (1,302 ) Recoveries 270 39 155 464 Net (charge-offs) recoveries 13 33 (884 ) (838 ) Allowance for credit losses - loans 15,896 9,764 3,321 28,981 Allowance for credit losses - loan commitments 663 94 19 776 Ending balance $ 16,559 $ 9,858 $ 3,340 $ 29,757 |
Note 7 - Deposits
Note 7 - Deposits | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 7 . Deposits The following table presents the components of deposits as of the dates indicated: March 31, 2023 December 31, 2022 (Amounts in thousands) Noninterest-bearing demand deposits $ 823,297 $ 872,168 Interest-bearing deposits: Interest-bearing demand deposits 661,595 679,609 Money market accounts 279,139 264,734 Savings deposits 558,782 578,974 Certificates of deposit 165,709 180,008 Individual retirement accounts 96,102 103,322 Total interest-bearing deposits 1,761,327 1,806,647 Total deposits $ 2,584,624 $ 2,678,815 |
Note 8 - Leases
Note 8 - Leases | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | Note 8 . Leases Operating leases are recorded as a right of use (“ROU”) asset and operating lease liability. The ROU asset is recorded in other assets, while the lease liability is recorded in other liabilities on the condensed balance sheet beginning January 1, 2019, 2016 02, 2016 02. The Company’s current operating leases relate to one one July 2029. March 31, 2023 December 31, 2022 March 31, 2023 December 31, 2022 December 31, 2022 March 31, 2023 not December 31, 2022 Future minimum lease payments as of the dates indicated are as follows: Year March 31, 2023 (Amounts in thousands) 2024 $ 119 2025 113 2026 101 2027 101 2028 and thereafter 235 Total lease payments 669 Less: Interest (22 ) Present value of lease liabilities $ 647 Year December 31, 2022 (Amounts in thousands) 2023 $ 119 2024 117 2025 101 2026 101 2027 and thereafter 261 Total lease payments 699 Less: Interest (29 ) Present value of lease liabilities $ 670 |
Note 9 - Borrowings
Note 9 - Borrowings | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 9 . Borrowings The following table presents the components of borrowings as of the dates indicated: March 31, 2023 December 31, 2022 Weighted Weighted (Amounts in thousands) Balance Average Rate Balance Average Rate Retail repurchase agreements $ 1,866 0.06 % $ 1,874 0.07 % Repurchase agreements are secured by certain securities that remain under the Company’s control during the terms of the agreements. As of March 31, 2023 Unused borrowing capacity with the FHLB totaled $393.69 million, net of FHLB letters of credit of $118.94 million, as of March 31, 2023 March 31, 2023 |
Note 10 - Derivative Instrument
Note 10 - Derivative Instruments and Hedging Activities | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Note 10 . Derivative Instruments and Hedging Activities Generally, derivative instruments help the Company manage exposure to market risk and meet customer financing needs. Market risk represents the possibility that fluctuations in external factors such as interest rates, market-driven loan rates, prices, or other economic factors will adversely affect economic value or net interest income. The Company uses interest rate swap contracts to modify its exposure to interest rate risk caused by changes in the LIBOR curve in relation to certain designated fixed rate loans. These instruments are used to convert these fixed rate loans to an effective floating rate. If the LIBOR rate falls below the loan’s stated fixed rate for a given period, the Company will owe the floating rate payer the notional amount times the difference between LIBOR and the stated fixed rate. If LIBOR is above the stated rate for a given period, the Company will receive payments based on the notional amount times the difference between LIBOR and the stated fixed rate. In March 2020, 2020 04, not Certain of the Company's interest rate swaps qualify as fair value hedging instruments; therefore, fair value changes in the derivative and hedged item attributable to the hedged risk are recognized in earnings in the same period. The fair value hedges were effective as of March 31, 2023 Through July 2022, not July 26, 2022, The following table presents the notional, or contractual, amounts and fair values of derivative instruments as of the dates indicated: March 31, 2023 December 31, 2022 Notional or Fair Value Notional or Fair Value Contractual Derivative Derivative Contractual Derivative Derivative (Amounts in thousands) Amount Assets Liabilities Amount Assets Liabilities Derivatives designated as hedges Interest rate swaps $ 3,877 $ 150 $ - $ 3,983 $ 199 $ - Total derivatives $ 3,877 $ 150 $ - $ 3,983 $ 199 $ - The following table presents the effect of derivative and hedging activity, if applicable, on the consolidated statements of income for the periods indicated: Three Months Ended March 31, (Amounts in thousands) 2023 2022 Income Statement Location Derivatives designated as hedges Interest rate swaps $ (20 ) $ 25 Interest and fees on loans Derivatives not designated as hedges Interest rate swaps - 51 Interest and fees on loans Total derivative (income) expense $ (20 ) $ 76 |
Note 11 - Employee Benefit Plan
Note 11 - Employee Benefit Plans | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | Note 11 . Employee Benefit Plans The Company maintains two 2021; Three Months Ended March 31, 2023 2022 Income Statement Location (Amounts in thousands) Service cost $ - $ - Salaries and employee benefits Interest cost 82 83 Other expense Amortization of prior service cost - - Other expense Amortization of losses 33 34 Other expense Net periodic cost $ 115 $ 117 |
Note 12 - Earnings Per Share
Note 12 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 12 . Earnings per Share The following table presents the calculation of basic and diluted earnings per common share for the periods indicated: Three Months Ended March 31, 2023 2022 (Amounts in thousands, except share and per share data) Net income $ 11,782 $ 9,515 Weighted average common shares outstanding, basic 16,228,297 16,817,284 Dilutive effect of potential common shares Stock options 16,405 17,814 Unvested stock awards 44,787 29,417 Total dilutive effect of potential common shares 61,192 47,231 Weighted average common shares outstanding, diluted 16,289,489 16,864,515 Basic earnings per common share $ 0.73 $ 0.57 Diluted earnings per common share 0.72 0.56 Antidilutive potential common shares Stock options 131,198 131,198 Total potential antidilutive shares 131,198 131,198 |
Note 13 - Accumulated Other Com
Note 13 - Accumulated Other Comprehensive Income (Loss) | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 13 . Accumulated Other Comprehensive Income (Loss) The following tables present the changes in accumulated other comprehensive income (loss) (“AOCI”), net of tax and by component, during the periods indicated: Three Months Ended March 31, 2023 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ (15,621 ) $ (98 ) $ (15,719 ) Other comprehensive income before reclassifications 2,499 (26 ) 2,473 Reclassified from AOCI (5 ) 26 21 Other comprehensive income, net 2,494 - 2,494 Ending balance $ (13,127 ) $ (98 ) $ (13,225 ) Three Months Ended March 31, 2022 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 15 $ (1,561 ) $ (1,546 ) Other comprehensive loss before reclassifications (4,658 ) (335 ) (4,993 ) Reclassified from AOCI - 27 27 Other comprehensive loss, net (4,658 ) (308 ) (4,966 ) Ending balance $ (4,643 ) $ (1,869 ) $ (6,512 ) The following table presents reclassifications out of AOCI, by component, during the periods indicated: Three Months Ended March 31, Income Statement (Amounts in thousands) 2023 2022 Line Item Affected Available-for-sale securities Gain recognized $ (7 ) $ - Net loss on sale of securities Reclassified out of AOCI, before tax (7 ) - Income before income taxes Income tax expense (2 ) - Income tax expense Reclassified out of AOCI, net of tax (5 ) - Net income Employee benefit plans Amortization of prior service cost $ - $ - Salaries and employee benefits Amortization of net actuarial benefit cost 33 34 Salaries and employee benefits Reclassified out of AOCI, before tax 33 34 Income before income taxes Income tax expense 7 7 Income tax expense Reclassified out of AOCI, net of tax 26 27 Net income Total reclassified out of AOCI, net of tax $ 21 $ 27 Net income ( 1 Amortization is included in net periodic pension cost. See Note 10, |
Note 14 - Fair Value
Note 14 - Fair Value | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] | Note 14 . Fair Value Financial Instruments Measured at Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The fair value hierarchy ranks the inputs used in measuring fair value as follows: ● Level 1 ● Level 2 1 ● Level 3 no The Company uses fair value measurements to record adjustments to certain financial assets and liabilities on a recurring basis. The Company may may not Assets and Liabilities Reported at Fair Value on a Recurring Basis Available-for-Sale Debt Securities Debt securities available for sale are reported at fair value on a recurring basis. The fair value of Level 1 not 2 may 2 3 Fair value models may not not 3 third 3 third Equity Securities. 1 not 2. Loans Held for Investment third Deferred Compensation Assets and Liabilities 1 Derivative Assets and Liabilities 2 The following tables summarize financial assets and liabilities recorded at fair value on a recurring basis, by the level of valuation inputs in the fair value hierarchy, as of the dates indicated: March 31, 2023 Total Fair Value Measurements Using (Amounts in thousands) Fair Value Level 1 Level 2 Level 3 Available-for-sale debt securities U.S. Agency securities $ 1,491 $ - $ 1,491 $ - U.S. Treasury Notes 170,686 - 170,686 - Municipal securities 22,957 - 22,957 - Corporate Notes 29,779 29,779 Agency mortgage-backed securities 83,356 - 83,356 - Total available-for-sale debt securities 308,269 - 308,269 - Equity securities 55 - 55 - Fair value loans 3,727 - - 3,727 Derivative assets 150 - 150 - Deferred compensation assets 5,658 5,658 - - Deferred compensation liabilities 5,658 5,658 - - December 31, 2022 Total Fair Value Measurements Using (Amounts in thousands) Fair Value Level 1 Level 2 Level 3 Available-for-sale debt securities U.S. Agency securities $ 1,485 $ - $ 1,485 $ - U.S. Treasury Notes 157,264 - 157,264 - Municipal securities 23,309 - 23,309 - Corporate notes 34,857 - 34,857 - Agency mortgage-backed securities 83,434 - 83,434 - Total available-for-sale debt securities 300,349 - 300,349 - Equity securities 55 - 55 - Fair value loans 3,784 - - 3,784 Derivative assets 199 - 199 - Deferred compensation assets 5,142 5,142 - - Deferred compensation liabilities 5,142 5,142 - - Assets Measured at Fair Value on a Nonrecurring Basis Impaired Loans 2016 13, 3 The Company maintains an active and robust problem credit identification system. The impairment review includes obtaining third two four third thirty forty-five third not OREO 3 The following tables present assets measured at fair value on a nonrecurring basis, by the level of valuation inputs in the fair value hierarchy, as of the dates indicated: March 31, 2023 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Collateral dependent assets with specific reserves $ 574 $ - $ - $ 574 OREO $ 481 $ - $ - $ 481 December 31, 2022 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Collateral dependent assets with specific reserves $ 574 $ - $ - $ 574 OREO 703 - - 703 Quantitative Information about Level 3 The following tables provides quantitative information for assets measured at fair value on a nonrecurring basis using Level 3 Discount Range Valuation Unobservable (Weighted Average) Technique Input March 31, 2023 Collateral dependent assets with specific reserves Discounted appraisals(1) Appraisal adjustments(2) 2% (2%) OREO Discounted appraisals(1) Appraisal adjustments(2) 20% to 100% (77%) ( 1 Fair value is generally based on appraisals of the underlying collateral. ( 2 Appraisals may Discount Range Valuation Unobservable (Weighted Average) Technique Input December 31, 2022 Collateral dependent assets with specific reserves Discounted appraisals(1) Appraisal adjustments(2) 3% (3%) OREO Discounted appraisals(1) Appraisal adjustments(2) 20% to 100% (69%) ( 1 Fair value is generally based on appraisals of the underlying collateral. ( 2 Appraisals may Fair Value of Financial Instruments The Company uses various methodologies and assumptions to estimate the fair value of certain financial instruments. A description of valuation methodologies used for instruments not Cash and Cash Equivalents Accrued Interest Receivable/Payable Deposits and Securities Sold Under Agreements to Repurchase FHLB and Other Borrowings Off-Balance Sheet Instruments not not not 15, The following tables present the carrying amounts and fair values of financial instruments, by the level of valuation inputs in the fair value hierarchy, as of the dates indicated: March 31, 2023 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 92,385 $ 92,385 $ 92,385 $ - $ - Debt securities available for sale 308,269 308,269 - 308,269 - Equity securities 55 55 - 55 - Loans held for investment, net of allowance 2,358,108 2,215,745 - - 2,215,745 Derivative financial assets 150 150 - 150 - Interest receivable 8,646 8,646 - 8,646 - Deferred compensation assets 5,658 5,658 5,658 - - Liabilities Time deposits 261,811 259,870 - 259,870 - Securities sold under agreements to repurchase 1,866 1,866 - 1,866 - Interest payable 211 211 - 211 - Deferred compensation liabilities 5,658 5,658 5,658 - - December 31, 2022 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 170,846 $ 170,846 $ 170,846 $ - $ - Debt securities available for sale 300,349 300,349 - 300,349 - Equity securities 55 55 - 55 - Loans held for investment, net of allowance 2,369,641 2,215,243 - - 2,215,243 Interest receivable 9,279 9,279 - 9,279 - Deferred compensation assets 5,142 5,142 5,142 - - Derivative assets 199 199 - 199 - Liabilities Time deposits 283,330 281,744 - 281,744 - Securities sold under agreements to repurchase 1,874 1,874 - 1,874 - Interest payable 159 159 - 159 - Deferred compensation liabilities 5,142 5,142 5,142 - - |
Note 15 - Litigation, Commitmen
Note 15 - Litigation, Commitments, and Contingencies | 3 Months Ended |
Mar. 31, 2023 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 15 . Litigation, Commitments , and Contingencies Litigation In the normal course of business, the Company is a defendant in various legal actions and asserted claims. While the Company and its legal counsel are unable to assess the ultimate outcome of each of these matters with certainty, the Company believes the resolution of these actions, singly or in the aggregate, should not Commitments and Contingencies The Company is a party to financial instruments with off balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit, and financial guarantees. These instruments involve, to varying degrees, elements of credit and interest rate risk beyond the amount recognized in the consolidated balance sheets. The contractual amounts of these instruments reflect the extent of involvement the Company has in particular classes of financial instruments. If the other party to a financial instrument does not Commitments to extend credit are agreements to lend to a customer as long as there is no may not may Standby letters of credit and financial guarantees are conditional commitments issued by the Company to guarantee the performance of a customer to a third The following table presents the off-balance sheet financial instruments as of the dates indicated: March 31, 2023 December 31, 2022 (Amounts in thousands) Commitments to extend credit $ 259,156 $ 278,926 Standby letters of credit and financial guarantees (1) 121,701 119,681 Total off-balance sheet risk $ 380,857 $ 398,607 ( 1 Includes FHLB letters of credit |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The Company’s accounting and reporting policies conform with U.S. generally accepted accounting principles (“GAAP”) and prevailing practices in the banking industry. The consolidated financial statements include all accounts of the Company and its wholly owned subsidiaries and eliminate all intercompany balances and transactions. The Company operates in one not may These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10 December 31, 2022 2022 10 February 22, 2023. December 31, 2022 |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications Certain amounts reported in prior years have been reclassified to conform to the current year’s presentation. These reclassifications had no |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates Preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that require the most subjective or complex judgments relate to fair value measurements, investment securities, the allowance for loan losses, goodwill and other intangible assets, and income taxes. A discussion of the Company’s application of critical accounting estimates is included in “Critical Accounting Estimates” in Item 2 |
Credit Loss, Financial Instrument [Policy Text Block] | Allowance for Credit Losses ( ACL ) On January 1, 2021, 2016 13, 326 ACL – Investment Securities Each quarter, the Company evaluates impairment where there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value. The nature of the collateral is considered along with potential future changes in collateral values, default rates, delinquency rates, third The Company excludes the accrued interest receivable from the amortized cost basis in measuring expected credit losses on the investment securities and does not March 31, 2023 The Company’s estimate of expected credit losses includes a measure of the expected risk of credit loss even if that risk is remote. The Company does not not zero third zero one not zero ACL – Loans The Company reviews our allowance for credit losses quarterly to determine if it is sufficient to absorb expected loan losses in the portfolio. This determination requires management to make significant estimates and assumptions. While the Company uses its best judgment and available information, the ultimate adequacy of the allowance is dependent upon a variety of factors beyond our control, including the performance of our loan portfolio, the economy, changes in interest rates, and the view of regulatory authorities towards loan classifications. These uncertainties may The ACL is an estimate of losses that will result from the inability of borrowers to make required loan payments. The Company established the incremental increase in the ACL at the adoption through retained earnings and subsequent adjustments will be made through a provision for credit losses charged to earnings. Loans charged off are recorded against the ACL and subsequent recoveries increase the ACL when they are recognized. A systematic methodology is used to determine ACL for loans held for investment and certain off-balance sheet credit exposures. The ACL is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. The Company considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the loan portfolio. The Company’s estimate of its ACL involves a high degree of judgement and reflects management’s best estimate within the range of expected credit losses. The Company recognizes in net income the amount needed to adjust the ACL for management’s current estimate of expected credit losses. The Company’s ACL is calculated using collectively evaluated and individually evaluated loans. The Company collectively evaluates loans that share similar risk characteristics. In general, loans are segmented by loan purpose. The Company collectively evaluates loans within the following consumer and commercial segments: Loans secured by 1 4 Risk characteristics of residential real estate loans which include loans secured by Single family properties, HELOC, and Owner occupied construction loans are dependent upon individual borrowers who are affected by changes in general economic conditions, real estate valuations, and the demand for housing. Commercial and Industrial, Multi-family residential, Non-farm/non-residential, Agricultural, and Loans secured by Farmland are similar in that they are generally dependent upon the borrower's internal cash flow from operations to service the debt and changes in general economic conditions. Commercial construction, Development, and other land loans, Consumer, and Other consumer loans (open pool) are similar in that they are dependent on changes in general economic conditions. For collectively evaluated loans, the Company uses a combination of discounted cash flow and remaining life to estimate expected credit losses. During 2022, third not one The Company considers forward-looking information in estimated expected credit losses. The Company subscribes to a third one eight may Included in its systematic methodology to determine its ACL for loans held for investment and certain off-balance sheet credit exposures, The Company considers the need to qualitatively adjust expected credit losses for information not 1 2 3 4 5 6 7 8 9 When a loan no not The Company follows its nonaccrual policy by reversing contractual interest income in the income statement when the Company places a loan on nonaccrual status. Therefore, Management excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on the portfolio and does not March 31, 2023 Effective January 1, 2023, 2022 02, 326 Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses, a change to the allowance for credit losses is generally not may The Company has a variety of assets that have a component that qualifies as an off-balance sheet exposure. These primarily include undrawn portions of revolving lines of credit and standby letters of credit. The estimates are determined based on the likelihood of funding during the contractual term and an estimate of credit losses subsequent to funding. Estimated credit losses on subsequently funded balances are based on the same assumptions as used to estimate credit losses on existing funded loans. The expected losses associated with these exposures within the unfunded portion of the loans will be recorded as a liability on the balance sheet with an offsetting income statement expense. Management has determined that a majority of the Company’s off-balance-sheet credit exposures are not March 31, 2023 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Standards Standards Adopted in 2023 In March 2022, 2022 02, 326 January 1, 2023. 2016 13, January 1, 2023. no The Company does not |
Note 3 - Debt Securities (Table
Note 3 - Debt Securities (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block] | March 31, 2023 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 1,500 $ - $ (9 ) $ 1,491 U.S. Treasury Notes 174,052 3 (3,369 ) 170,686 Municipal securities 23,012 25 (80 ) 22,957 Corporate notes 31,543 - (1,764 ) 29,779 Agency mortgage-backed securities 94,780 4 (11,428 ) 83,356 Total $ 324,887 $ 32 $ (16,650 ) $ 308,269 December 31, 2022 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 1,500 $ — $ (15 ) $ 1,485 U.S. Treasury Notes 161,617 - (4,353 ) 157,264 Municipal securities 23,480 21 (192 ) 23,309 Corporate notes 37,046 — (2,189 ) 34,857 Agency mortgage-backed securities 96,480 3 (13,049 ) 83,434 Total $ 320,123 $ 24 $ (19,798 ) $ 300,349 |
Investments Classified by Contractual Maturity Date [Table Text Block] | March 31, 2023 Amortized (Amounts in thousands) Cost Fair Value Available-for-sale debt securities Due within one year $ 157,230 $ 154,233 Due after one year but within five years 70,343 68,145 Due after five years but within ten years 2,534 2,535 230,107 224,913 Agency mortgage-backed securities 94,780 83,356 Total debt securities available for sale $ 324,887 $ 308,269 |
Schedule of Unrealized Loss on Investments [Table Text Block] | March 31, 2023 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (Amounts in thousands) U.S. Agency securities $ 1,491 $ (9 ) $ - $ - $ 1,491 $ (9 ) U.S. Treasury Notes 54,208 (554 ) 106,906 (2,815 ) 161,114 (3,369 ) Municipal securities 7,463 (60 ) 1,169 (20 ) 8,632 (80 ) Corporate notes 2,972 (28 ) 26,807 (1,736 ) 29,779 (1,764 ) Agency mortgage-backed securities 10,009 (513 ) 73,212 (10,915 ) 83,221 (11,428 ) Total $ 76,143 $ (1,164 ) $ 208,094 $ (15,486 ) $ 284,237 $ (16,650 ) December 31, 2022 Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (Amounts in thousands) U.S. Agency securities $ 1,485 $ (15 ) $ — $ — $ 1,485 $ (15 ) U.S. Treasury Notes 157,264 (4,353 ) — — 157,264 (4,353 ) Municipal securities 12,347 (192 ) — — 12,347 (192 ) Corporate notes 32,368 (2,172 ) 2,489 (17 ) 34,857 (2,189 ) Agency mortgage-backed securities 64,993 (8,824 ) 18,305 (4,225 ) 83,298 (13,049 ) Total $ 268,457 $ (15,556 ) $ 20,794 $ (4,242 ) $ 289,251 $ (19,798 ) |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, 2023 December 31, 2022 (Amounts in thousands) Amount Percent Amount Percent Loans held for investment Commercial loans Construction, development, and other land $ 115,023 4.81 % $ 117,174 4.88 % Commercial and industrial 151,293 6.33 % 150,428 6.27 % Multi-family residential 148,746 6.23 % 148,026 6.17 % Single family non-owner occupied 207,632 8.69 % 206,121 8.59 % Non-farm, non-residential 793,229 33.21 % 787,703 32.82 % Agricultural 12,042 0.50 % 12,032 0.50 % Farmland 12,137 0.51 % 11,779 0.49 % Total commercial loans 1,440,102 60.28 % 1,433,263 59.72 % Consumer real estate loans Home equity lines 73,762 3.09 % 75,642 3.15 % Single family owner occupied 727,202 30.44 % 734,540 30.61 % Owner occupied construction 10,276 0.43 % 10,366 0.43 % Total consumer real estate loans 811,240 33.96 % 820,548 34.19 % Consumer and other loans Consumer loans 136,310 5.71 % 144,582 6.02 % Other 1,245 0.05 % 1,804 0.07 % Total consumer and other loans 137,555 5.76 % 146,386 6.09 % Total loans held for investment, net of unearned income $ 2,388,897 100.00 % $ 2,400,197 100.00 % |
Note 5 - Credit Quality (Tables
Note 5 - Credit Quality (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Financing Receivable Credit Quality Indicators [Table Text Block] | March 31, 2023 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 114,002 $ 323 $ 698 $ - $ - $ 115,023 Commercial and industrial 146,749 2,795 1,749 - - 151,293 Multi-family residential 144,909 3,629 208 - - 148,746 Single family non-owner occupied 197,731 2,006 7,895 - - 207,632 Non-farm, non-residential 770,509 10,865 11,855 - - 793,229 Agricultural 11,896 44 102 - - 12,042 Farmland 10,257 560 1,320 - - 12,137 Consumer real estate loans Home equity lines 71,030 198 2,534 - - 73,762 Single family owner occupied 700,431 1,875 24,896 - - 727,202 Owner occupied construction 10,116 - 160 - - 10,276 Consumer and other loans Consumer loans 133,417 10 2,883 - - 136,310 Other 1,245 - - - - 1,245 Total loans $ 2,312,292 $ 22,305 $ 54,300 $ - $ - $ 2,388,897 December 31, 2022 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 115,972 $ 853 $ 349 $ - $ - $ 117,174 Commercial and industrial 147,543 920 1,965 - - 150,428 Multi-family residential 143,859 3,946 221 - - 148,026 Single family non-owner occupied 195,775 2,303 8,043 - - 206,121 Non-farm, non-residential 761,154 14,903 11,646 - - 787,703 Agricultural 11,722 47 263 - - 12,032 Farmland 9,868 573 1,338 - - 11,779 Consumer real estate loans Home equity lines 72,927 288 2,427 - - 75,642 Single family owner occupied 706,952 1,958 25,630 - - 734,540 Owner occupied construction 10,204 - 162 - - 10,366 Consumer and other loans Consumer loans 141,551 11 3,020 - - 144,582 Other 1,804 - - - - 1,804 Total loans $ 2,319,331 $ 25,802 $ 55,064 $ - $ - $ 2,400,197 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Construction, development and other land Pass $ 1,395 $ 62,109 $ 36,248 $ 4,350 $ 2,742 $ 5,780 $ 1,378 $ 114,002 Special Mention - - - 238 - 85 - 323 Substandard - - 225 - 205 268 - 698 Doubtful - - - - - - - - Loss - - - - - - - - Total construction, development, and other land $ 1,395 $ 62,109 $ 36,473 $ 4,588 $ 2,947 $ 6,133 $ 1,378 $ 115,023 Current period gross write-offs $ - $ - $ - $ - $ 13 $ - $ - $ 13 Commercial and industrial Pass $ 8,914 $ 64,754 $ 21,001 $ 11,423 $ 6,813 $ 14,684 $ 19,160 $ 146,749 Special Mention - 1,144 17 15 321 601 697 2,795 Substandard - 211 163 97 604 674 - 1,749 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial and industrial $ 8,914 $ 66,109 $ 21,181 $ 11,535 $ 7,738 $ 15,959 $ 19,857 $ 151,293 Current period gross write-offs $ - $ - $ 59 $ - $ 32 $ - $ - $ 91 Multi-family residential Pass $ 463 $ 44,906 $ 20,587 $ 30,849 $ 3,699 $ 41,118 $ 3,287 $ 144,909 Special Mention - - - - - 3,629 - 3,629 Substandard - - - - - 208 - 208 Doubtful - - - - - - - - Loss - - - - - - - - Total multi-family residential $ 463 $ 44,906 $ 20,587 $ 30,849 $ 3,699 $ 44,955 $ 3,287 $ 148,746 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Non-farm, non-residential Pass $ 15,917 $ 221,536 $ 147,370 $ 112,918 $ 50,646 $ 210,888 $ 11,234 $ 770,509 Special Mention - - 1,905 845 - 8,103 12 10,865 Substandard - 88 1,110 536 3,609 6,317 195 11,855 Doubtful - - - - - - - - Loss - - - - - - - - Total non-farm, non-residential $ 15,917 $ 221,624 $ 150,385 $ 114,299 $ 54,255 $ 225,308 $ 11,441 $ 793,229 Current period gross write-offs $ - $ 8 $ - $ - $ - $ 2 $ - $ 10 Agricultural Pass $ 1,650 $ 5,514 $ 2,911 $ 885 $ 295 $ 183 $ 458 $ 11,896 Special Mention - - 31 12 - 1 - 44 Substandard - - 35 - 46 21 - 102 Doubtful - - - - - - - - Loss - - - - - - - - Total agricultural $ 1,650 $ 5,514 $ 2,977 $ 897 $ 341 $ 205 $ 458 $ 12,042 Current period gross write-offs $ - $ 59 $ - $ - $ - $ - $ - $ 59 Farmland Pass $ 823 $ 640 $ 597 $ 777 $ 71 $ 6,662 $ 687 $ 10,257 Special Mention - - 108 12 - 440 - 560 Substandard - - - 12 - 1,308 - 1,320 Doubtful - - - - - - - - Loss - - - - - - - - Total farmland $ 823 $ 640 $ 705 $ 801 $ 71 $ 8,410 $ 687 $ 12,137 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Home equity lines Pass $ 85 $ 976 $ 97 $ 143 $ - $ 4,288 $ 65,441 $ 71,030 Special Mention - - - - - 43 155 198 Substandard - 13 - 27 35 1,134 1,325 2,534 Doubtful - - - - - - - - Loss - - - - - - - - Total home equity lines $ 85 $ 989 $ 97 $ 170 $ 35 $ 5,465 $ 66,921 $ 73,762 Current period gross write-offs $ - $ - $ - $ - $ - $ 9 $ - $ 9 Single family Mortgage Pass $ 16,097 $ 157,381 $ 233,020 $ 203,425 $ 48,065 $ 239,664 $ 510 $ 898,162 Special Mention - - 349 90 124 3,318 - 3,881 Substandard - 455 1,314 866 1,226 28,930 - 32,791 Doubtful - - - - - - - - Loss - - - - - - - - Total single family owner and non-owner occupied $ 16,097 $ 157,836 $ 234,683 $ 204,381 $ 49,415 $ 271,912 $ 510 $ 934,834 Current period gross write-offs $ - $ - $ 31 $ - $ - $ 58 $ - $ 89 Owner occupied construction Pass $ 159 $ 6,979 $ 2,535 $ - $ 14 $ 429 $ - $ 10,116 Special Mention - - - - - - - - Substandard - - - 159 - 1 - 160 Doubtful - - - - - - - - Loss - - - - - - - - Total owner occupied construction $ 159 $ 6,979 $ 2,535 $ 159 $ 14 $ 430 $ - $ 10,276 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Consumer loans Pass $ 10,475 $ 62,509 $ 32,019 $ 13,115 $ 6,243 $ 2,555 $ 7,746 $ 134,662 Special Mention - - 4 - 5 - 1 10 Substandard 28 892 933 459 298 213 60 2,883 Doubtful - - - - - - - - Loss - - - - - - - - Total consumer loans $ 10,503 $ 63,401 $ 32,956 $ 13,574 $ 6,546 $ 2,768 $ 7,807 $ 137,555 Current period gross write-offs $ 200 $ 1,031 $ 802 $ 136 $ 78 $ 14 $ 38 $ 2,299 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at March 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Total Loans Pass $ 55,978 $ 627,304 $ 496,385 $ 377,885 $ 118,588 $ 526,251 $ 109,901 $ 2,312,292 Special Mention - 1,144 2,414 1,212 450 16,220 865 22,305 Substandard 28 1,659 3,780 2,156 6,023 39,074 1,580 54,300 Doubtful - - - - - - - - Loss - - - - - - - - Total loans $ 56,006 $ 630,107 $ 502,579 $ 381,253 $ 125,061 $ 581,545 $ 112,346 $ 2,388,897 Current period gross write-offs $ 200 $ 1,098 $ 892 $ 136 $ 123 $ 83 $ 38 $ 2,570 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Construction, development and other land Pass $ 58,770 $ 39,995 $ 4,602 $ 3,050 $ 2,485 $ 5,608 $ 1,462 $ 115,972 Special Mention - 225 - - 94 534 - 853 Substandard - - 267 71 11 - - 349 Doubtful - - - - - - - - Loss - - - - - - - - Total construction, development, and other land $ 58,770 $ 40,220 $ 4,869 $ 3,121 $ 2,590 $ 6,142 $ 1,462 $ 117,174 Commercial and industrial Pass $ 69,678 $ 23,746 $ 12,047 $ 7,729 $ 9,121 $ 8,890 $ 16,332 $ 147,543 Special Mention 227 20 21 367 185 1 99 920 Substandard 130 112 114 620 192 797 - 1,965 Doubtful - - - - - - - - Loss - - - - - - - - Total commercial and industrial $ 70,035 $ 23,878 $ 12,182 $ 8,716 $ 9,498 $ 9,688 $ 16,431 $ 150,428 Multi-family residential Pass $ 45,261 $ 20,881 $ 31,087 $ 3,733 $ 1,328 $ 41,063 $ 506 $ 143,859 Special Mention - - - - - 3,946 - 3,946 Substandard - - - - - 221 - 221 Doubtful - - - - - - - - Loss - - - - - - - - Total multi-family residential $ 45,261 $ 20,881 $ 31,087 $ 3,733 $ 1,328 $ 45,230 $ 506 $ 148,026 Non-farm, non-residential Pass $ 218,595 $ 145,675 $ 114,840 $ 52,575 $ 35,564 $ 185,448 $ 8,457 $ 761,154 Special Mention - 1,927 852 1,193 2,708 8,076 147 14,903 Substandard - 1,267 675 2,509 1,531 5,664 - 11,646 Doubtful - - - - - - - - Loss - - - - - - - - Total non-farm, non-residential $ 218,595 $ 148,869 $ 116,367 $ 56,277 $ 39,803 $ 199,188 $ 8,604 $ 787,703 Agricultural Pass $ 6,244 $ 3,225 $ 1,003 $ 376 $ 154 $ 214 $ 506 $ 11,722 Special Mention - 33 14 - - - - 47 Substandard 124 37 1 66 24 11 - 263 Doubtful - - - - - - - - Loss - - - - - - - - Total agricultural $ 6,368 $ 3,295 $ 1,018 $ 442 $ 178 $ 225 $ 506 $ 12,032 Farmland Pass $ 646 $ 713 $ 796 $ 77 $ 869 $ 6,150 $ 617 $ 9,868 Special Mention - 109 - - 222 242 - 573 Substandard - - 12 - 253 1,073 - 1,338 Doubtful - - - - - - - - Loss - - - - - - - - Total farmland $ 646 $ 822 $ 808 $ 77 $ 1,344 $ 7,465 $ 617 $ 11,779 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Home equity lines Pass $ 1,960 $ 198 $ 241 $ - $ 24 $ 7,429 $ 63,075 $ 72,927 Special Mention - - - - - 117 171 288 Substandard - - 27 35 114 1,253 998 2,427 Doubtful - - - - - - - - Loss - - - - - - - - Total home equity lines $ 1,960 $ 198 $ 268 $ 35 $ 138 $ 8,799 $ 64,244 $ 75,642 Single family Mortgage Pass $ 157,890 $ 237,363 $ 207,480 $ 48,795 $ 36,678 $ 214,148 $ 373 $ 902,727 Special Mention - 376 90 363 262 3,170 - 4,261 Substandard 461 1,196 740 1,217 1,991 28,068 - 33,673 Doubtful - - - - - - - - Loss - - - - - - - - Total single family owner and non-owner occupied $ 158,351 $ 238,935 $ 208,310 $ 50,375 $ 38,931 $ 245,386 $ 373 $ 940,661 Owner occupied construction Pass $ 6,357 $ 3,344 $ - $ 23 $ 11 $ 469 $ - $ 10,204 Special Mention - - - - - - - - Substandard - - 162 - - - - 162 Doubtful - - - - - - - - Loss - - - - - - - - Total owner occupied construction $ 6,357 $ 3,344 $ 162 $ 23 $ 11 $ 469 $ - $ 10,366 Consumer loans Pass $ 69,579 $ 37,603 $ 16,033 $ 7,640 $ 2,528 $ 2,040 $ 7,932 $ 143,355 Special Mention - 5 - 6 - - - 11 Substandard 881 1,002 466 416 36 159 60 3,020 Doubtful - - - - - - - - Loss - - - - - - - - Total consumer loans $ 70,460 $ 38,610 $ 16,499 $ 8,062 $ 2,564 $ 2,199 $ 7,992 $ 146,386 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at December 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Total Total Loans Pass $ 634,980 $ 512,743 $ 388,129 $ 123,998 $ 88,762 $ 471,459 $ 99,260 $ 2,319,331 Special Mention 227 2,695 977 1,929 3,471 16,086 417 25,802 Substandard 1,596 3,614 2,464 4,934 4,152 37,246 1,058 55,064 Doubtful - - - - - - - - Loss - - - - - - - - Total loans $ 636,803 $ 519,052 $ 391,570 $ 130,861 $ 96,385 $ 524,791 $ 100,735 $ 2,400,197 |
Financing Receivable, Nonaccrual [Table Text Block] | March 31, 2023 December 31, 2022 (Amounts in thousands) No Allowance With an Allowance Total No Allowance With an Allowance Total Commercial loans Construction, development, and other land $ 425 $ - $ 425 $ 31 $ - $ 31 Commercial and industrial 502 - 502 438 - 438 Multi-family residential 208 - 208 220 - 220 Single family non-owner occupied 942 - 942 984 - 984 Non-farm, non-residential 1,524 - 1,524 1,771 - 1,771 Agricultural 7 - 7 9 - 9 Farmland 133 - 133 133 - 133 Consumer real estate loans Home equity lines 612 - 612 400 - 400 Single family owner occupied 8,303 586 8,889 8,228 589 8,817 Owner occupied construction - - - - - - Consumer and other loans Consumer loans 2,315 - 2,315 2,405 - 2,405 Total nonaccrual loans $ 14,971 $ 586 $ 15,557 $ 14,619 $ 589 $ 15,208 |
Financing Receivable, Past Due [Table Text Block] | March 31, 2023 Amortized Cost of 30 - 59 Days 60 - 89 Days 90+ Days Total Current Total > 90 Days Accruing (Amounts in thousands) Past Due Past Due Past Due Past Due Loans Loans No Allowance Commercial loans Construction, development, and other land $ 173 $ 17 $ 418 $ 608 $ 114,415 $ 115,023 $ - Commercial and industrial 422 112 332 866 150,427 151,293 - Multi-family residential 133 - - 133 148,613 148,746 - Single family non-owner occupied 1,169 169 120 1,458 206,174 207,632 - Non-farm, non-residential 218 48 351 617 792,612 793,229 - Agricultural 34 - 7 41 12,001 12,042 - Farmland - - 133 133 12,004 12,137 - Consumer real estate loans Home equity lines 782 120 487 1,389 72,373 73,762 - Single family owner occupied 5,172 2,603 2,222 9,997 717,205 727,202 - Owner occupied construction - - - - 10,276 10,276 - Consumer and other loans Consumer loans 3,822 985 989 5,796 130,514 136,310 - Other - - - - 1,245 1,245 - Total loans $ 11,925 $ 4,054 $ 5,059 $ 21,038 $ 2,367,859 $ 2,388,897 $ - December 31, 2022 Amortized Cost of 30 - 59 Days 60 - 89 Days 90+ Days Total Current Total > 90 Days Accruing (Amounts in thousands) Past Due Past Due Past Due Past Due Loans Loans No Allowance Commercial loans Construction, development, and other land $ 393 $ 8 $ 23 $ 424 $ 116,750 $ 117,174 $ - Commercial and industrial 756 129 217 1,102 149,326 150,428 - Multi-family residential - - 83 83 147,943 148,026 - Single family non-owner occupied 990 122 299 1,411 204,710 206,121 - Non-farm, non-residential 646 52 548 1,246 786,457 787,703 - Agricultural 36 135 9 180 11,852 12,032 - Farmland - - 133 133 11,646 11,779 - Consumer real estate loans Home equity lines 519 115 262 896 74,746 75,642 - Single family owner occupied 5,951 2,322 3,166 11,439 723,101 734,540 - Owner occupied construction - - - - 10,366 10,366 - Consumer and other loans Consumer loans 4,282 1,960 1,459 7,701 136,881 144,582 - Other - - - - 1,804 1,804 - Total loans $ 13,573 $ 4,843 $ 6,199 $ 24,615 $ 2,375,582 $ 2,400,197 $ - |
Collateral Dependent Loans [Table Text Block] | March 31, 2023 December 31, 2022 (Amounts in thousands) Balance Collateral Coverage % Balance Collateral Coverage % Commercial Real Estate Hotel $ - $ - - $ - $ - - Office - - - - - - Other - - - - - - Retail - - - - - - Multi-Family Industrial - - - - - - Office - - - - - - Other - - - - - - Commercial and industrial Industrial - - - - - - Other - - - - - - Home equity loans - - - - - - Consumer owner occupied 586 574 97.99 % 589 574 97.45 % Consumer - - - - - - Total collateral dependent loans $ 586 $ 574 97.99 % $ 589 $ 574 97.45 % |
Financing Receivable, Modified [Table Text Block] | Payment Delays Amortized Cost Basis % of Total Class of March 31, 2023 Financing Receivable Financial Effect (Amounts in thousands) Single family owner occupied $ 410 0.056 % Deferred $6 thousand in principal to maturity Total $ 410 Term Extensions Amortized Cost Basis % of Total Class of March 31, 2023 Financing Receivable Financial Effect (Amounts in thousands) Consumer $ 9 0.007 % Extended term from 60 to 84 months Total $ 9 Principal Forgiveness Amortized Cost Basis % of Total Class of March 31, 2023 Financing Receivable Financial Effect (Amounts in thousands) Single family owner occupied $ 10 0.001 % Reduced amortized cost basis by $13 thousand Total $ 10 March 31, 2023 Payment Status (Amortized Cost Basis) Current 30-89 Days Past Due 90+ Days Past Due (Amounts in thousands) Single family owner occupied $ 420 $ - $ - Consumer 9 - - Total $ 429 $ - $ - Three Months Ended March 31, 2022 (Amounts in thousands) Total Contracts Pre-modification Recorded Investment Post-modification Recorded Investment(1) Below market interest rate Single family owner occupied 1 $ 31 $ 32 Total below market interest rate 1 $ 31 $ 32 Total 1 $ 31 $ 32 |
Trouble Debt Restructuring Accrual Status [Table Text Block] | December 31, 2022 (Amounts in thousands) Nonaccrual(1) Accruing Total Commercial loans Commercial and industrial $ - $ 374 $ 374 Single family non-owner occupied 142 838 980 Non-farm, non-residential - 747 747 Consumer real estate loans Home equity lines - 55 55 Single family owner occupied 1,182 5,073 6,255 Owner occupied construction - - - Consumer and other loans Consumer loans - 25 25 Total TDRs $ 1,324 $ 7,112 $ 8,436 Allowance for credit losses related to TDRs $ - |
Interest Income Related to Troubled Debt Restructurings [Table Text Block] | Three Months Ended March 31, 2022 (Amounts in thousands) Interest income recognized $ 105 |
Other Real Estate Owned [Table Text Block] | March 31, 2023 December 31, 2022 (Amounts in thousands) OREO $ 481 $ 703 OREO secured by residential real estate $ 249 $ 407 Residential real estate loans in the foreclosure process (1) $ 1,850 $ 1,474 |
Note 6 - Allowance for Credit_2
Note 6 - Allowance for Credit Losses (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Three Months Ended March 31, 2023 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Balance at beginning of year: Allowance for credit losses - loans $ 17,213 $ 8,931 $ 4,412 $ 30,556 Allowance for credit losses - loan commitments 1,018 156 22 1,196 Total allowance for credit losses beginning of year 18,231 9,087 4,434 31,752 Provision for credit losses: Provision for credit losses - loans 37 103 1,834 1,974 (Recovery of) provision for credit losses - loan commitments (232 ) (6 ) 6 (232 ) Total provision for credit losses - loans and loan commitments (195 ) 97 1,840 1,742 Charge-offs (173 ) (98 ) (2,299 ) (2,570 ) Recoveries 192 59 578 829 Net recoveries (charge-offs) 19 (39 ) (1,721 ) (1,741 ) Allowance for credit losses - loans 17,269 8,995 4,525 30,789 Allowance for credit losses - loan commitments 786 150 28 964 Ending balance $ 18,055 $ 9,145 $ 4,553 $ 31,753 Three Months Ended March 31, 2022 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Balance at beginning of year: Allowance for credit losses - loans $ 14,775 $ 9,972 $ 3,111 $ 27,858 Allowance for credit losses - loan commitments 576 88 14 678 Total allowance for credit losses beginning of year 15,351 10,060 3,125 28,536 Provision for credit losses: Provision for credit losses - loans 1,108 (241 ) 1,094 1,961 (Recovery of) provision for credit losses - loan commitments 87 6 5 98 Total provision for credit losses - loans and loan commitments 1,195 (235 ) 1,099 2,059 Charge-offs (257 ) (6 ) (1,039 ) (1,302 ) Recoveries 270 39 155 464 Net (charge-offs) recoveries 13 33 (884 ) (838 ) Allowance for credit losses - loans 15,896 9,764 3,321 28,981 Allowance for credit losses - loan commitments 663 94 19 776 Ending balance $ 16,559 $ 9,858 $ 3,340 $ 29,757 |
Note 7 - Deposits (Tables)
Note 7 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | March 31, 2023 December 31, 2022 (Amounts in thousands) Noninterest-bearing demand deposits $ 823,297 $ 872,168 Interest-bearing deposits: Interest-bearing demand deposits 661,595 679,609 Money market accounts 279,139 264,734 Savings deposits 558,782 578,974 Certificates of deposit 165,709 180,008 Individual retirement accounts 96,102 103,322 Total interest-bearing deposits 1,761,327 1,806,647 Total deposits $ 2,584,624 $ 2,678,815 |
Note 8 - Leases (Tables)
Note 8 - Leases (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block] | Year March 31, 2023 (Amounts in thousands) 2024 $ 119 2025 113 2026 101 2027 101 2028 and thereafter 235 Total lease payments 669 Less: Interest (22 ) Present value of lease liabilities $ 647 Year December 31, 2022 (Amounts in thousands) 2023 $ 119 2024 117 2025 101 2026 101 2027 and thereafter 261 Total lease payments 699 Less: Interest (29 ) Present value of lease liabilities $ 670 |
Note 9 - Borrowings (Tables)
Note 9 - Borrowings (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | March 31, 2023 December 31, 2022 Weighted Weighted (Amounts in thousands) Balance Average Rate Balance Average Rate Retail repurchase agreements $ 1,866 0.06 % $ 1,874 0.07 % |
Note 10 - Derivative Instrume_2
Note 10 - Derivative Instruments and Hedging Activities (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | March 31, 2023 December 31, 2022 Notional or Fair Value Notional or Fair Value Contractual Derivative Derivative Contractual Derivative Derivative (Amounts in thousands) Amount Assets Liabilities Amount Assets Liabilities Derivatives designated as hedges Interest rate swaps $ 3,877 $ 150 $ - $ 3,983 $ 199 $ - Total derivatives $ 3,877 $ 150 $ - $ 3,983 $ 199 $ - |
Derivative Instruments, Gain (Loss) [Table Text Block] | Three Months Ended March 31, (Amounts in thousands) 2023 2022 Income Statement Location Derivatives designated as hedges Interest rate swaps $ (20 ) $ 25 Interest and fees on loans Derivatives not designated as hedges Interest rate swaps - 51 Interest and fees on loans Total derivative (income) expense $ (20 ) $ 76 |
Note 11 - Employee Benefit Pl_2
Note 11 - Employee Benefit Plans (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Net Benefit Costs [Table Text Block] | Three Months Ended March 31, 2023 2022 Income Statement Location (Amounts in thousands) Service cost $ - $ - Salaries and employee benefits Interest cost 82 83 Other expense Amortization of prior service cost - - Other expense Amortization of losses 33 34 Other expense Net periodic cost $ 115 $ 117 |
Note 12 - Earnings Per Share (T
Note 12 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended March 31, 2023 2022 (Amounts in thousands, except share and per share data) Net income $ 11,782 $ 9,515 Weighted average common shares outstanding, basic 16,228,297 16,817,284 Dilutive effect of potential common shares Stock options 16,405 17,814 Unvested stock awards 44,787 29,417 Total dilutive effect of potential common shares 61,192 47,231 Weighted average common shares outstanding, diluted 16,289,489 16,864,515 Basic earnings per common share $ 0.73 $ 0.57 Diluted earnings per common share 0.72 0.56 Antidilutive potential common shares Stock options 131,198 131,198 Total potential antidilutive shares 131,198 131,198 |
Note 13 - Accumulated Other C_2
Note 13 - Accumulated Other Comprehensive Income (Loss) (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Three Months Ended March 31, 2023 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ (15,621 ) $ (98 ) $ (15,719 ) Other comprehensive income before reclassifications 2,499 (26 ) 2,473 Reclassified from AOCI (5 ) 26 21 Other comprehensive income, net 2,494 - 2,494 Ending balance $ (13,127 ) $ (98 ) $ (13,225 ) Three Months Ended March 31, 2022 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ 15 $ (1,561 ) $ (1,546 ) Other comprehensive loss before reclassifications (4,658 ) (335 ) (4,993 ) Reclassified from AOCI - 27 27 Other comprehensive loss, net (4,658 ) (308 ) (4,966 ) Ending balance $ (4,643 ) $ (1,869 ) $ (6,512 ) |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended March 31, Income Statement (Amounts in thousands) 2023 2022 Line Item Affected Available-for-sale securities Gain recognized $ (7 ) $ - Net loss on sale of securities Reclassified out of AOCI, before tax (7 ) - Income before income taxes Income tax expense (2 ) - Income tax expense Reclassified out of AOCI, net of tax (5 ) - Net income Employee benefit plans Amortization of prior service cost $ - $ - Salaries and employee benefits Amortization of net actuarial benefit cost 33 34 Salaries and employee benefits Reclassified out of AOCI, before tax 33 34 Income before income taxes Income tax expense 7 7 Income tax expense Reclassified out of AOCI, net of tax 26 27 Net income Total reclassified out of AOCI, net of tax $ 21 $ 27 Net income |
Note 14 - Fair Value (Tables)
Note 14 - Fair Value (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | March 31, 2023 Total Fair Value Measurements Using (Amounts in thousands) Fair Value Level 1 Level 2 Level 3 Available-for-sale debt securities U.S. Agency securities $ 1,491 $ - $ 1,491 $ - U.S. Treasury Notes 170,686 - 170,686 - Municipal securities 22,957 - 22,957 - Corporate Notes 29,779 29,779 Agency mortgage-backed securities 83,356 - 83,356 - Total available-for-sale debt securities 308,269 - 308,269 - Equity securities 55 - 55 - Fair value loans 3,727 - - 3,727 Derivative assets 150 - 150 - Deferred compensation assets 5,658 5,658 - - Deferred compensation liabilities 5,658 5,658 - - December 31, 2022 Total Fair Value Measurements Using (Amounts in thousands) Fair Value Level 1 Level 2 Level 3 Available-for-sale debt securities U.S. Agency securities $ 1,485 $ - $ 1,485 $ - U.S. Treasury Notes 157,264 - 157,264 - Municipal securities 23,309 - 23,309 - Corporate notes 34,857 - 34,857 - Agency mortgage-backed securities 83,434 - 83,434 - Total available-for-sale debt securities 300,349 - 300,349 - Equity securities 55 - 55 - Fair value loans 3,784 - - 3,784 Derivative assets 199 - 199 - Deferred compensation assets 5,142 5,142 - - Deferred compensation liabilities 5,142 5,142 - - |
Fair Value Measurements, Nonrecurring [Table Text Block] | March 31, 2023 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Collateral dependent assets with specific reserves $ 574 $ - $ - $ 574 OREO $ 481 $ - $ - $ 481 December 31, 2022 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Collateral dependent assets with specific reserves $ 574 $ - $ - $ 574 OREO 703 - - 703 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Discount Range Valuation Unobservable (Weighted Average) Technique Input March 31, 2023 Collateral dependent assets with specific reserves Discounted appraisals(1) Appraisal adjustments(2) 2% (2%) OREO Discounted appraisals(1) Appraisal adjustments(2) 20% to 100% (77%) Discount Range Valuation Unobservable (Weighted Average) Technique Input December 31, 2022 Collateral dependent assets with specific reserves Discounted appraisals(1) Appraisal adjustments(2) 3% (3%) OREO Discounted appraisals(1) Appraisal adjustments(2) 20% to 100% (69%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | March 31, 2023 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 92,385 $ 92,385 $ 92,385 $ - $ - Debt securities available for sale 308,269 308,269 - 308,269 - Equity securities 55 55 - 55 - Loans held for investment, net of allowance 2,358,108 2,215,745 - - 2,215,745 Derivative financial assets 150 150 - 150 - Interest receivable 8,646 8,646 - 8,646 - Deferred compensation assets 5,658 5,658 5,658 - - Liabilities Time deposits 261,811 259,870 - 259,870 - Securities sold under agreements to repurchase 1,866 1,866 - 1,866 - Interest payable 211 211 - 211 - Deferred compensation liabilities 5,658 5,658 5,658 - - December 31, 2022 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 170,846 $ 170,846 $ 170,846 $ - $ - Debt securities available for sale 300,349 300,349 - 300,349 - Equity securities 55 55 - 55 - Loans held for investment, net of allowance 2,369,641 2,215,243 - - 2,215,243 Interest receivable 9,279 9,279 - 9,279 - Deferred compensation assets 5,142 5,142 5,142 - - Derivative assets 199 199 - 199 - Liabilities Time deposits 283,330 281,744 - 281,744 - Securities sold under agreements to repurchase 1,874 1,874 - 1,874 - Interest payable 159 159 - 159 - Deferred compensation liabilities 5,142 5,142 5,142 - - |
Note 15 - Litigation, Commitm_2
Note 15 - Litigation, Commitments, and Contingencies (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Notes Tables | |
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block] | March 31, 2023 December 31, 2022 (Amounts in thousands) Commitments to extend credit $ 259,156 $ 278,926 Standby letters of credit and financial guarantees (1) 121,701 119,681 Total off-balance sheet risk $ 380,857 $ 398,607 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Details Textual) | 3 Months Ended | |||
Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Number of Operating Segments | 1 | |||
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss | $ 1,010,000 | |||
Minimum Principal Balance of Loans for Quarterly Rating Review | 500,000 | |||
Financing Receivable, Accrued Interest, after Allowance for Credit Loss | 7,640,000 | $ 7,940,000 | ||
Off-Balance-Sheet, Credit Loss, Liability | 964,000 | $ 1,196,000 | $ 776,000 | $ 678,000 |
Other Liabilities [Member] | ||||
Off-Balance-Sheet, Credit Loss, Liability | $ 964,000 |
Note 2 - Divestitures (Details
Note 2 - Divestitures (Details Textual) - USD ($) $ in Thousands | Sep. 16, 2022 | Apr. 21, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |
Deposits, Total | $ 2,584,624 | $ 2,678,815 | [1] | ||
Interest-Bearing Domestic Deposit, Demand | 661,595 | 679,609 | |||
Interest-Bearing Domestic Deposit, Savings | 558,782 | 578,974 | |||
Assets | $ 3,051,672 | $ 3,135,572 | [1] | ||
Surrey [Member] | Subsequent Event [Member] | |||||
Deposits, Total | $ 405,000 | ||||
Assets | 468,000 | ||||
Financing Receivable, after Allowance for Credit Loss | $ 253,000 | ||||
Disposal Group, Not Discontinued Operations [Member] | Emporia, Virginia Branch [Member] | Benchmark Community Bank [Member] | |||||
Disposal Group, Proceeds From Real Estate and Property | $ 1,500 | ||||
Deposits, Total | 61,050 | ||||
Noninterest-Bearing Domestic Deposit, Demand | 18,380 | ||||
Interest-Bearing Domestic Deposit, Demand | 28,460 | ||||
Interest-Bearing Domestic Deposit, Savings | 11,520 | ||||
Interest-Bearing Domestic Deposit, Time Deposits, Total | 2,690 | ||||
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $ 1,660 | ||||
[1]Derived from audited financial statements |
Note 3 - Debt Securities (Detai
Note 3 - Debt Securities (Details Textual) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Other-than-temporary Impairment Loss, Debt Securities, Portion Recognized in Earnings | $ 0 | ||
Number of Securities in Unrealized Loss Position | 100 | 113 | |
Percentage of Combined Depreciation of Combined Reported Value of Aggregate Securities Portfolio | 5.40% | 6.59% | |
Debt Securities, Available-for-Sale, Realized Gain (Loss) | $ 7 | $ 0 | |
Debt Securities, Available-for-Sale, Amortized Cost | 324,887 | $ 320,123 | |
Asset Pledged as Collateral [Member] | |||
Debt Securities, Available-for-Sale, Amortized Cost | $ 21,070 | $ 22,430 |
Note 3 - Debt Securities - Secu
Note 3 - Debt Securities - Securities Available-for-sale (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | |
Securities available for sale, amortized cost | $ 324,887 | $ 320,123 | |
Securities available for sale, unrealized gains | 32 | 24 | |
Securities available for sale, unrealized losses | (16,650) | (19,798) | |
Securities available for sale, fair value | 308,269 | 300,349 | [1] |
US Government Agencies Debt Securities [Member] | |||
Securities available for sale, amortized cost | 1,500 | 1,500 | |
Securities available for sale, unrealized gains | 0 | 0 | |
Securities available for sale, unrealized losses | (9) | (15) | |
Securities available for sale, fair value | 1,491 | 1,485 | |
US Treasury Securities [Member] | |||
Securities available for sale, amortized cost | 174,052 | 161,617 | |
Securities available for sale, unrealized gains | 3 | 0 | |
Securities available for sale, unrealized losses | (3,369) | (4,353) | |
Securities available for sale, fair value | 170,686 | 157,264 | |
US States and Political Subdivisions Debt Securities [Member] | |||
Securities available for sale, amortized cost | 23,012 | 23,480 | |
Securities available for sale, unrealized gains | 25 | 21 | |
Securities available for sale, unrealized losses | (80) | (192) | |
Securities available for sale, fair value | 22,957 | 23,309 | |
Corporate Debt Securities [Member] | |||
Securities available for sale, amortized cost | 31,543 | 37,046 | |
Securities available for sale, unrealized gains | 0 | 0 | |
Securities available for sale, unrealized losses | (1,764) | (2,189) | |
Securities available for sale, fair value | 29,779 | 34,857 | |
Mortgage-backed Agency Securities [Member] | |||
Securities available for sale, amortized cost | 94,780 | 96,480 | |
Securities available for sale, unrealized gains | 4 | 3 | |
Securities available for sale, unrealized losses | (11,428) | (13,049) | |
Securities available for sale, fair value | $ 83,356 | $ 83,434 | |
[1]Derived from audited financial statements |
Note 3 - Debt Securities - Se_2
Note 3 - Debt Securities - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | |
Securities available for sale, due within one year, amortized cost | $ 157,230 | ||
Securities available for sale, due within one year, fair value | 154,233 | ||
Securities available for sale, due after one year but within five years, amortized cost | 70,343 | ||
Securities available for sale, due after one year but within five years, fair value | 68,145 | ||
Securities available for sale, due after five years but within ten years, amortized cost | 2,534 | ||
Securities available for sale, due after five years but within ten years, fair value | 2,535 | ||
Securities available for sale, single maturity date, amortized cost | 230,107 | ||
Securities available for sale, single maturity date, fair value | 224,913 | ||
Total debt securities available for sale, amortized cost | 324,887 | $ 320,123 | |
Total debt securities available for sale | 308,269 | $ 300,349 | [1] |
Collateralized Mortgage-Backed Securities [Member] | |||
Agency mortgage-backed securities, amortized cost | 94,780 | ||
Agency mortgage-backed securities, fair value | $ 83,356 | ||
[1]Derived from audited financial statements |
Note 3 - Debt Securities - Avai
Note 3 - Debt Securities - Available For Sale Securities in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Securities available for sale, less than 12 months, fair value | $ 76,143 | $ 268,457 |
Securities available for sale, less than 12 months, unrealized losses | (1,164) | (15,556) |
Securities available for sale, 12 months or longer, fair value | 208,094 | 20,794 |
Securities available for sale, 12 months or longer, unrealized losses | (15,486) | (4,242) |
Securities available for sale, total fair value | 284,237 | 289,251 |
Securities available for sale, total unrealized losses | (16,650) | (19,798) |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 1,491 | 1,485 |
Securities available for sale, less than 12 months, unrealized losses | (9) | (15) |
Securities available for sale, 12 months or longer, fair value | 0 | 0 |
Securities available for sale, 12 months or longer, unrealized losses | 0 | 0 |
Securities available for sale, total fair value | 1,491 | 1,485 |
Securities available for sale, total unrealized losses | (9) | (15) |
US Treasury Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 54,208 | 157,264 |
Securities available for sale, less than 12 months, unrealized losses | (554) | (4,353) |
Securities available for sale, 12 months or longer, fair value | 106,906 | 0 |
Securities available for sale, 12 months or longer, unrealized losses | (2,815) | 0 |
Securities available for sale, total fair value | 161,114 | 157,264 |
Securities available for sale, total unrealized losses | (3,369) | (4,353) |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 7,463 | 12,347 |
Securities available for sale, less than 12 months, unrealized losses | (60) | (192) |
Securities available for sale, 12 months or longer, fair value | 1,169 | 0 |
Securities available for sale, 12 months or longer, unrealized losses | (20) | 0 |
Securities available for sale, total fair value | 8,632 | 12,347 |
Securities available for sale, total unrealized losses | (80) | (192) |
Corporate Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 2,972 | 32,368 |
Securities available for sale, less than 12 months, unrealized losses | (28) | (2,172) |
Securities available for sale, 12 months or longer, fair value | 26,807 | 2,489 |
Securities available for sale, 12 months or longer, unrealized losses | (1,736) | (17) |
Securities available for sale, total fair value | 29,779 | 34,857 |
Securities available for sale, total unrealized losses | (1,764) | (2,189) |
Mortgage-backed Agency Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 10,009 | 64,993 |
Securities available for sale, less than 12 months, unrealized losses | (513) | (8,824) |
Securities available for sale, 12 months or longer, fair value | 73,212 | 18,305 |
Securities available for sale, 12 months or longer, unrealized losses | (10,915) | (4,225) |
Securities available for sale, total fair value | 83,221 | 83,298 |
Securities available for sale, total unrealized losses | $ (11,428) | $ (13,049) |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Bank Overdrafts | $ 1,250 | $ 1,800 |
Deferred Loan Fees | 3,850 | 8,810 |
Financing Receivable, Unamortized Purchase Premium (Discount) | (8,310) | (3,800) |
Financing Receivable, Accrued Interest, after Allowance for Credit Loss | $ 7,640 | $ 7,940 |
Note 4 - Loans - Loans by Class
Note 4 - Loans - Loans by Class (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Non-covered loans | $ 2,388,897 | $ 2,400,197 |
Non-covered loans, percent | 100% | 100% |
Commercial Portfolio Segment [Member] | ||
Non-covered loans | $ 1,440,102 | $ 1,433,263 |
Non-covered loans, percent | 60.28% | 59.72% |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | $ 115,023 | $ 117,174 |
Non-covered loans, percent | 4.81% | 4.88% |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | $ 151,293 | $ 150,428 |
Non-covered loans, percent | 6.33% | 6.27% |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Non-covered loans | $ 148,746 | $ 148,026 |
Non-covered loans, percent | 6.23% | 6.17% |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | $ 207,632 | $ 206,121 |
Non-covered loans, percent | 8.69% | 8.59% |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | $ 793,229 | $ 787,703 |
Non-covered loans, percent | 33.21% | 32.82% |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Non-covered loans | $ 12,042 | $ 12,032 |
Non-covered loans, percent | 0.50% | 0.50% |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Non-covered loans | $ 12,137 | $ 11,779 |
Non-covered loans, percent | 0.51% | 0.49% |
Consumer Real Estate Portfolio Segment [Member] | ||
Non-covered loans | $ 811,240 | $ 820,548 |
Non-covered loans, percent | 33.96% | 34.19% |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Non-covered loans | $ 73,762 | $ 75,642 |
Non-covered loans, percent | 3.09% | 3.15% |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | $ 727,202 | $ 734,540 |
Non-covered loans, percent | 30.44% | 30.61% |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | $ 10,276 | $ 10,366 |
Non-covered loans, percent | 0.43% | 0.43% |
Consumer and Other Portfolio Segment [Member] | ||
Non-covered loans | $ 137,555 | $ 146,386 |
Non-covered loans, percent | 5.76% | 6.09% |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Non-covered loans | $ 136,310 | $ 144,582 |
Non-covered loans, percent | 5.71% | 6.02% |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | ||
Non-covered loans | $ 1,245 | $ 1,804 |
Non-covered loans, percent | 0.05% | 0.07% |
Note 5 - Credit Quality (Detail
Note 5 - Credit Quality (Details Textual) Pure in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | |
Financing Receivable, Nonaccrual, Interest Income | $ 0 | $ 4 |
Financing Receivable, Modified, Number of Loans Uncollectible | 0 | |
Financing Receivable, Modified, Subsequent Default | $ 41 |
Note 5 - Credit Quality - Loans
Note 5 - Credit Quality - Loans by Credit Quality (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Non-covered loans | $ 2,388,897 | $ 2,400,197 | |
Originated in current year | 56,006 | 636,803 | |
Originated in one year prior | 630,107 | 519,052 | |
Originated in two years prior | 502,579 | 391,570 | |
Originated in three years prior | 381,253 | 130,861 | |
Originated in four years prior | 125,061 | 96,385 | |
Prior | 581,545 | 524,791 | |
Revolving | 112,346 | 100,735 | |
Total loan | 2,400,197 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 200 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 1,098 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 892 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 136 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 123 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 83 | ||
Financing Receivable, Revolving, Writeoff | 38 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 2,570 | $ 1,302 | |
Total loans held for investment, net of unearned income | 2,388,897 | ||
Pass [Member] | |||
Non-covered loans | 2,312,292 | 2,319,331 | |
Originated in current year | 55,978 | 634,980 | |
Originated in one year prior | 627,304 | 512,743 | |
Originated in two years prior | 496,385 | 388,129 | |
Originated in three years prior | 377,885 | 123,998 | |
Originated in four years prior | 118,588 | 88,762 | |
Prior | 526,251 | 471,459 | |
Revolving | 109,901 | 99,260 | |
Total loan | 2,319,331 | ||
Total loans held for investment, net of unearned income | 2,312,292 | ||
Special Mention [Member] | |||
Non-covered loans | 22,305 | 25,802 | |
Originated in current year | 0 | 227 | |
Originated in one year prior | 1,144 | 2,695 | |
Originated in two years prior | 2,414 | 977 | |
Originated in three years prior | 1,212 | 1,929 | |
Originated in four years prior | 450 | 3,471 | |
Prior | 16,220 | 16,086 | |
Revolving | 865 | 417 | |
Total loan | 25,802 | ||
Total loans held for investment, net of unearned income | 22,305 | ||
Substandard [Member] | |||
Non-covered loans | 54,300 | 55,064 | |
Originated in current year | 28 | 1,596 | |
Originated in one year prior | 1,659 | 3,614 | |
Originated in two years prior | 3,780 | 2,464 | |
Originated in three years prior | 2,156 | 4,934 | |
Originated in four years prior | 6,023 | 4,152 | |
Prior | 39,074 | 37,246 | |
Revolving | 1,580 | 1,058 | |
Total loan | 55,064 | ||
Total loans held for investment, net of unearned income | 54,300 | ||
Doubtful [Member] | |||
Non-covered loans | 0 | 0 | |
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | ||
Total loans held for investment, net of unearned income | 0 | ||
Unlikely to be Collected Financing Receivable [Member] | |||
Non-covered loans | 0 | 0 | |
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | ||
Total loans held for investment, net of unearned income | 0 | ||
Commercial Portfolio Segment [Member] | |||
Non-covered loans | 1,440,102 | 1,433,263 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 173 | 257 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | |||
Non-covered loans | 115,023 | 117,174 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Non-covered loans | 151,293 | 150,428 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | |||
Non-covered loans | 148,746 | 148,026 | |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | |||
Non-covered loans | 207,632 | 206,121 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | |||
Non-covered loans | 793,229 | 787,703 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | |||
Non-covered loans | 12,042 | 12,032 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | |||
Non-covered loans | 12,137 | 11,779 | |
Commercial Portfolio Segment [Member] | Pass [Member] | Construction, Development and Other Land [Member] | |||
Non-covered loans | 114,002 | 115,972 | |
Commercial Portfolio Segment [Member] | Pass [Member] | Commercial and Industrial [Member] | |||
Non-covered loans | 146,749 | 147,543 | |
Commercial Portfolio Segment [Member] | Pass [Member] | Multi-family Residential [Member] | |||
Non-covered loans | 144,909 | 143,859 | |
Commercial Portfolio Segment [Member] | Pass [Member] | Single Family Non-owner Occupied [Member] | |||
Non-covered loans | 197,731 | 195,775 | |
Commercial Portfolio Segment [Member] | Pass [Member] | Non-farm, Non-residential [Member] | |||
Non-covered loans | 770,509 | 761,154 | |
Commercial Portfolio Segment [Member] | Pass [Member] | Agricultural [Member] | |||
Non-covered loans | 11,896 | 11,722 | |
Commercial Portfolio Segment [Member] | Pass [Member] | Farmland [Member] | |||
Non-covered loans | 10,257 | 9,868 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Construction, Development and Other Land [Member] | |||
Non-covered loans | 323 | 853 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Commercial and Industrial [Member] | |||
Non-covered loans | 2,795 | 920 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Multi-family Residential [Member] | |||
Non-covered loans | 3,629 | 3,946 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Single Family Non-owner Occupied [Member] | |||
Non-covered loans | 2,006 | 2,303 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Non-farm, Non-residential [Member] | |||
Non-covered loans | 10,865 | 14,903 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Agricultural [Member] | |||
Non-covered loans | 44 | 47 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | Farmland [Member] | |||
Non-covered loans | 560 | 573 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | Construction, Development and Other Land [Member] | |||
Non-covered loans | 698 | 349 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | Commercial and Industrial [Member] | |||
Non-covered loans | 1,749 | 1,965 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | Multi-family Residential [Member] | |||
Non-covered loans | 208 | 221 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | Single Family Non-owner Occupied [Member] | |||
Non-covered loans | 7,895 | 8,043 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | Non-farm, Non-residential [Member] | |||
Non-covered loans | 11,855 | 11,646 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | Agricultural [Member] | |||
Non-covered loans | 102 | 263 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | Farmland [Member] | |||
Non-covered loans | 1,320 | 1,338 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Construction, Development and Other Land [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Commercial and Industrial [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Multi-family Residential [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Single Family Non-owner Occupied [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Non-farm, Non-residential [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Agricultural [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | Farmland [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Construction, Development and Other Land [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial and Industrial [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Multi-family Residential [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Single Family Non-owner Occupied [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Non-farm, Non-residential [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Agricultural [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Farmland [Member] | |||
Non-covered loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | |||
Non-covered loans | 115,023 | 117,174 | |
Originated in current year | 1,395 | 58,770 | |
Originated in one year prior | 62,109 | 40,220 | |
Originated in two years prior | 36,473 | 4,869 | |
Originated in three years prior | 4,588 | 3,121 | |
Originated in four years prior | 2,947 | 2,590 | |
Prior | 6,133 | 6,142 | |
Revolving | 1,378 | 1,462 | |
Total loan | 115,023 | 117,174 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 13 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 13 | ||
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Pass [Member] | |||
Originated in current year | 1,395 | 58,770 | |
Originated in one year prior | 62,109 | 39,995 | |
Originated in two years prior | 36,248 | 4,602 | |
Originated in three years prior | 4,350 | 3,050 | |
Originated in four years prior | 2,742 | 2,485 | |
Prior | 5,780 | 5,608 | |
Revolving | 1,378 | 1,462 | |
Total loan | 114,002 | 115,972 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Special Mention [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 225 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 238 | 0 | |
Originated in four years prior | 0 | 94 | |
Prior | 85 | 534 | |
Revolving | 0 | 0 | |
Total loan | 323 | 853 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Substandard [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 225 | 267 | |
Originated in three years prior | 0 | 71 | |
Originated in four years prior | 205 | 11 | |
Prior | 268 | 0 | |
Revolving | 0 | 0 | |
Total loan | 698 | 349 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Doubtful [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | 0 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||
Non-covered loans | 151,293 | 150,428 | |
Originated in current year | 8,914 | 70,035 | |
Originated in one year prior | 66,109 | 23,878 | |
Originated in two years prior | 21,181 | 12,182 | |
Originated in three years prior | 11,535 | 8,716 | |
Originated in four years prior | 7,738 | 9,498 | |
Prior | 15,959 | 9,688 | |
Revolving | 19,857 | 16,431 | |
Total loan | 151,293 | 150,428 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 59 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 32 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 91 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Pass [Member] | |||
Originated in current year | 8,914 | 69,678 | |
Originated in one year prior | 64,754 | 23,746 | |
Originated in two years prior | 21,001 | 12,047 | |
Originated in three years prior | 11,423 | 7,729 | |
Originated in four years prior | 6,813 | 9,121 | |
Prior | 14,684 | 8,890 | |
Revolving | 19,160 | 16,332 | |
Total loan | 146,749 | 147,543 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Pass [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||
Originated in current year | 45,261 | ||
Originated in one year prior | 20,881 | ||
Originated in two years prior | 31,087 | ||
Originated in three years prior | 3,733 | ||
Originated in four years prior | 1,328 | ||
Prior | 41,063 | ||
Revolving | 506 | ||
Total loan | 143,859 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Special Mention [Member] | |||
Originated in current year | 0 | 227 | |
Originated in one year prior | 1,144 | 20 | |
Originated in two years prior | 17 | 21 | |
Originated in three years prior | 15 | 367 | |
Originated in four years prior | 321 | 185 | |
Prior | 601 | 1 | |
Revolving | 697 | 99 | |
Total loan | 2,795 | 920 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Special Mention [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||
Originated in current year | 0 | ||
Originated in one year prior | 0 | ||
Originated in two years prior | 0 | ||
Originated in three years prior | 0 | ||
Originated in four years prior | 0 | ||
Prior | 3,946 | ||
Revolving | 0 | ||
Total loan | 3,946 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Substandard [Member] | |||
Originated in current year | 0 | 130 | |
Originated in one year prior | 211 | 112 | |
Originated in two years prior | 163 | 114 | |
Originated in three years prior | 97 | 620 | |
Originated in four years prior | 604 | 192 | |
Prior | 674 | 797 | |
Revolving | 0 | 0 | |
Total loan | 1,749 | 1,965 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Substandard [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||
Originated in current year | 0 | ||
Originated in one year prior | 0 | ||
Originated in two years prior | 0 | ||
Originated in three years prior | 0 | ||
Originated in four years prior | 0 | ||
Prior | 221 | ||
Revolving | 0 | ||
Total loan | 221 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Doubtful [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Doubtful [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||
Originated in current year | 0 | ||
Originated in one year prior | 0 | ||
Originated in two years prior | 0 | ||
Originated in three years prior | 0 | ||
Originated in four years prior | 0 | ||
Prior | 0 | ||
Revolving | 0 | ||
Total loan | 0 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Unlikely to be Collected Financing Receivable [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||
Originated in current year | 0 | ||
Originated in one year prior | 0 | ||
Originated in two years prior | 0 | ||
Originated in three years prior | 0 | ||
Originated in four years prior | 0 | ||
Prior | 0 | ||
Revolving | 0 | ||
Total loan | 0 | ||
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | |||
Non-covered loans | 148,746 | 148,026 | |
Originated in current year | 463 | 45,261 | |
Originated in one year prior | 44,906 | 20,881 | |
Originated in two years prior | 20,587 | 31,087 | |
Originated in three years prior | 30,849 | 3,733 | |
Originated in four years prior | 3,699 | 1,328 | |
Prior | 44,955 | 45,230 | |
Revolving | 3,287 | 506 | |
Total loan | 148,746 | 148,026 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Pass [Member] | |||
Originated in current year | 463 | 218,595 | |
Originated in one year prior | 44,906 | 145,675 | |
Originated in two years prior | 20,587 | 114,840 | |
Originated in three years prior | 30,849 | 52,575 | |
Originated in four years prior | 3,699 | 35,564 | |
Prior | 41,118 | 185,448 | |
Revolving | 3,287 | 8,457 | |
Total loan | 144,909 | 761,154 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Special Mention [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 1,927 | |
Originated in two years prior | 0 | 852 | |
Originated in three years prior | 0 | 1,193 | |
Originated in four years prior | 0 | 2,708 | |
Prior | 3,629 | 8,076 | |
Revolving | 0 | 147 | |
Total loan | 3,629 | 14,903 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Substandard [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 1,267 | |
Originated in two years prior | 0 | 675 | |
Originated in three years prior | 0 | 2,509 | |
Originated in four years prior | 0 | 1,531 | |
Prior | 208 | 5,664 | |
Revolving | 0 | 0 | |
Total loan | 208 | 11,646 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Doubtful [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | 0 | |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | 0 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | |||
Non-covered loans | 793,229 | 787,703 | |
Originated in current year | 15,917 | 218,595 | |
Originated in one year prior | 221,624 | 148,869 | |
Originated in two years prior | 150,385 | 116,367 | |
Originated in three years prior | 114,299 | 56,277 | |
Originated in four years prior | 54,255 | 39,803 | |
Prior | 225,308 | 199,188 | |
Revolving | 11,441 | 8,604 | |
Total loan | 793,229 | 787,703 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 8 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 2 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 10 | ||
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Pass [Member] | |||
Originated in current year | 15,917 | 6,244 | |
Originated in one year prior | 221,536 | 3,225 | |
Originated in two years prior | 147,370 | 1,003 | |
Originated in three years prior | 112,918 | 376 | |
Originated in four years prior | 50,646 | 154 | |
Prior | 210,888 | 214 | |
Revolving | 11,234 | 506 | |
Total loan | 770,509 | 11,722 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Special Mention [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 33 | |
Originated in two years prior | 1,905 | 14 | |
Originated in three years prior | 845 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 8,103 | 0 | |
Revolving | 12 | 0 | |
Total loan | 10,865 | 47 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Substandard [Member] | |||
Originated in current year | 0 | 124 | |
Originated in one year prior | 88 | 37 | |
Originated in two years prior | 1,110 | 1 | |
Originated in three years prior | 536 | 66 | |
Originated in four years prior | 3,609 | 24 | |
Prior | 6,317 | 11 | |
Revolving | 195 | 0 | |
Total loan | 11,855 | 263 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Doubtful [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | 0 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | 0 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | |||
Non-covered loans | 12,042 | 12,032 | |
Originated in current year | 1,650 | 6,368 | |
Originated in one year prior | 5,514 | 3,295 | |
Originated in two years prior | 2,977 | 1,018 | |
Originated in three years prior | 897 | 442 | |
Originated in four years prior | 341 | 178 | |
Prior | 205 | 225 | |
Revolving | 458 | 506 | |
Total loan | 12,042 | 12,032 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 59 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 59 | ||
Commercial Portfolio Segment [Member] | Agricultural [Member] | Pass [Member] | |||
Originated in current year | 1,650 | 646 | |
Originated in one year prior | 5,514 | 713 | |
Originated in two years prior | 2,911 | 796 | |
Originated in three years prior | 885 | 77 | |
Originated in four years prior | 295 | 869 | |
Prior | 183 | 6,150 | |
Revolving | 458 | 617 | |
Total loan | 11,896 | 9,868 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Special Mention [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 109 | |
Originated in two years prior | 31 | 0 | |
Originated in three years prior | 12 | 0 | |
Originated in four years prior | 0 | 222 | |
Prior | 1 | 242 | |
Revolving | 0 | 0 | |
Total loan | 44 | 573 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Substandard [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 35 | 12 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 46 | 253 | |
Prior | 21 | 1,073 | |
Revolving | 0 | 0 | |
Total loan | 102 | 1,338 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Doubtful [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | 0 | |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | 0 | |
Commercial Portfolio Segment [Member] | Farmland [Member] | |||
Non-covered loans | 12,137 | 11,779 | |
Originated in current year | 823 | 646 | |
Originated in one year prior | 640 | 822 | |
Originated in two years prior | 705 | 808 | |
Originated in three years prior | 801 | 77 | |
Originated in four years prior | 71 | 1,344 | |
Prior | 8,410 | 7,465 | |
Revolving | 687 | 617 | |
Total loan | 12,137 | 11,779 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Commercial Portfolio Segment [Member] | Farmland [Member] | Pass [Member] | |||
Originated in current year | 823 | ||
Originated in one year prior | 640 | ||
Originated in two years prior | 597 | ||
Originated in three years prior | 777 | ||
Originated in four years prior | 71 | ||
Prior | 6,662 | ||
Revolving | 687 | ||
Total loan | 10,257 | ||
Commercial Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member] | |||
Originated in current year | 0 | ||
Originated in one year prior | 0 | ||
Originated in two years prior | 108 | ||
Originated in three years prior | 12 | ||
Originated in four years prior | 0 | ||
Prior | 440 | ||
Revolving | 0 | ||
Total loan | 560 | ||
Commercial Portfolio Segment [Member] | Farmland [Member] | Substandard [Member] | |||
Originated in current year | 0 | ||
Originated in one year prior | 0 | ||
Originated in two years prior | 0 | ||
Originated in three years prior | 12 | ||
Originated in four years prior | 0 | ||
Prior | 1,308 | ||
Revolving | 0 | ||
Total loan | 1,320 | ||
Commercial Portfolio Segment [Member] | Farmland [Member] | Doubtful [Member] | |||
Originated in current year | 0 | ||
Originated in one year prior | 0 | ||
Originated in two years prior | 0 | ||
Originated in three years prior | 0 | ||
Originated in four years prior | 0 | ||
Prior | 0 | ||
Revolving | 0 | ||
Total loan | 0 | ||
Commercial Portfolio Segment [Member] | Farmland [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Originated in current year | 0 | ||
Originated in one year prior | 0 | ||
Originated in two years prior | 0 | ||
Originated in three years prior | 0 | ||
Originated in four years prior | 0 | ||
Prior | 0 | ||
Revolving | 0 | ||
Total loan | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | |||
Non-covered loans | 811,240 | 820,548 | |
Financing Receivable, Allowance for Credit Loss, Writeoff | 98 | 6 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | |||
Non-covered loans | 73,762 | 75,642 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | |||
Non-covered loans | 727,202 | 734,540 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | |||
Non-covered loans | 10,276 | 10,366 | |
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Home Equity Lines [Member] | |||
Non-covered loans | 71,030 | 72,927 | |
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Single Family Owner Occupied [Member] | |||
Non-covered loans | 700,431 | 706,952 | |
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Owner Occupied Construction [Member] | |||
Non-covered loans | 10,116 | 10,204 | |
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Home Equity Lines [Member] | |||
Non-covered loans | 198 | 288 | |
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Single Family Owner Occupied [Member] | |||
Non-covered loans | 1,875 | 1,958 | |
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Owner Occupied Construction [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Home Equity Lines [Member] | |||
Non-covered loans | 2,534 | 2,427 | |
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Single Family Owner Occupied [Member] | |||
Non-covered loans | 24,896 | 25,630 | |
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Owner Occupied Construction [Member] | |||
Non-covered loans | 160 | 162 | |
Consumer Real Estate Portfolio Segment [Member] | Doubtful [Member] | Home Equity Lines [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Doubtful [Member] | Single Family Owner Occupied [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Doubtful [Member] | Owner Occupied Construction [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Home Equity Lines [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Single Family Owner Occupied [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Owner Occupied Construction [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | |||
Non-covered loans | 73,762 | 75,642 | |
Originated in current year | 85 | 1,960 | |
Originated in one year prior | 989 | 198 | |
Originated in two years prior | 97 | 268 | |
Originated in three years prior | 170 | 35 | |
Originated in four years prior | 35 | 138 | |
Prior | 5,465 | 8,799 | |
Revolving | 66,921 | 64,244 | |
Total loan | 75,642 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 9 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 9 | ||
Total loans held for investment, net of unearned income | 73,762 | ||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Pass [Member] | |||
Originated in current year | 85 | 1,960 | |
Originated in one year prior | 976 | 198 | |
Originated in two years prior | 97 | 241 | |
Originated in three years prior | 143 | 0 | |
Originated in four years prior | 0 | 24 | |
Prior | 4,288 | 7,429 | |
Revolving | 65,441 | 63,075 | |
Total loan | 72,927 | ||
Total loans held for investment, net of unearned income | 71,030 | ||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Special Mention [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 43 | 117 | |
Revolving | 155 | 171 | |
Total loan | 288 | ||
Total loans held for investment, net of unearned income | 198 | ||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Substandard [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 13 | 0 | |
Originated in two years prior | 0 | 27 | |
Originated in three years prior | 27 | 35 | |
Originated in four years prior | 35 | 114 | |
Prior | 1,134 | 1,253 | |
Revolving | 1,325 | 998 | |
Total loan | 2,427 | ||
Total loans held for investment, net of unearned income | 2,534 | ||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Doubtful [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | ||
Total loans held for investment, net of unearned income | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | ||
Total loans held for investment, net of unearned income | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | |||
Non-covered loans | 727,202 | 734,540 | |
Originated in current year | 16,097 | 158,351 | |
Originated in one year prior | 157,836 | 238,935 | |
Originated in two years prior | 234,683 | 208,310 | |
Originated in three years prior | 204,381 | 50,375 | |
Originated in four years prior | 49,415 | 38,931 | |
Prior | 271,912 | 245,386 | |
Revolving | 510 | 373 | |
Total loan | 940,661 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 31 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 58 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 89 | ||
Total loans held for investment, net of unearned income | 934,834 | ||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Pass [Member] | |||
Originated in current year | 16,097 | 157,890 | |
Originated in one year prior | 157,381 | 237,363 | |
Originated in two years prior | 233,020 | 207,480 | |
Originated in three years prior | 203,425 | 48,795 | |
Originated in four years prior | 48,065 | 36,678 | |
Prior | 239,664 | 214,148 | |
Revolving | 510 | 373 | |
Total loan | 902,727 | ||
Total loans held for investment, net of unearned income | 898,162 | ||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Special Mention [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 376 | |
Originated in two years prior | 349 | 90 | |
Originated in three years prior | 90 | 363 | |
Originated in four years prior | 124 | 262 | |
Prior | 3,318 | 3,170 | |
Revolving | 0 | 0 | |
Total loan | 4,261 | ||
Total loans held for investment, net of unearned income | 3,881 | ||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Substandard [Member] | |||
Originated in current year | 0 | 461 | |
Originated in one year prior | 455 | 1,196 | |
Originated in two years prior | 1,314 | 740 | |
Originated in three years prior | 866 | 1,217 | |
Originated in four years prior | 1,226 | 1,991 | |
Prior | 28,930 | 28,068 | |
Revolving | 0 | 0 | |
Total loan | 33,673 | ||
Total loans held for investment, net of unearned income | 32,791 | ||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Doubtful [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | ||
Total loans held for investment, net of unearned income | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | ||
Total loans held for investment, net of unearned income | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | |||
Non-covered loans | 10,276 | 10,366 | |
Originated in current year | 159 | 6,357 | |
Originated in one year prior | 6,979 | 3,344 | |
Originated in two years prior | 2,535 | 162 | |
Originated in three years prior | 159 | 23 | |
Originated in four years prior | 14 | 11 | |
Prior | 430 | 469 | |
Revolving | 0 | 0 | |
Total loan | 10,366 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 0 | ||
Financing Receivable, Revolving, Writeoff | 0 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 0 | ||
Total loans held for investment, net of unearned income | 10,276 | ||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Pass [Member] | |||
Originated in current year | 159 | 6,357 | |
Originated in one year prior | 6,979 | 3,344 | |
Originated in two years prior | 2,535 | 0 | |
Originated in three years prior | 0 | 23 | |
Originated in four years prior | 14 | 11 | |
Prior | 429 | 469 | |
Revolving | 0 | 0 | |
Total loan | 10,204 | ||
Total loans held for investment, net of unearned income | 10,116 | ||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Special Mention [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | ||
Total loans held for investment, net of unearned income | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Substandard [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 162 | |
Originated in three years prior | 159 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 1 | 0 | |
Revolving | 0 | 0 | |
Total loan | 162 | ||
Total loans held for investment, net of unearned income | 160 | ||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Doubtful [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | ||
Total loans held for investment, net of unearned income | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | ||
Total loans held for investment, net of unearned income | 0 | ||
Consumer and Other Portfolio Segment [Member] | |||
Non-covered loans | 137,555 | 146,386 | |
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 200 | ||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 1,031 | ||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 802 | ||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 136 | ||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 78 | ||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 14 | ||
Financing Receivable, Revolving, Writeoff | 38 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 2,299 | $ 1,039 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | |||
Non-covered loans | 136,310 | 144,582 | |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | |||
Non-covered loans | 1,245 | 1,804 | |
Consumer and Other Portfolio Segment [Member] | Pass [Member] | Consumer Loans [Member] | |||
Non-covered loans | 133,417 | 141,551 | |
Consumer and Other Portfolio Segment [Member] | Pass [Member] | Other Loan [Member] | |||
Non-covered loans | 1,245 | 1,804 | |
Consumer and Other Portfolio Segment [Member] | Special Mention [Member] | Consumer Loans [Member] | |||
Non-covered loans | 10 | 11 | |
Consumer and Other Portfolio Segment [Member] | Special Mention [Member] | Other Loan [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer and Other Portfolio Segment [Member] | Substandard [Member] | Consumer Loans [Member] | |||
Non-covered loans | 2,883 | 3,020 | |
Consumer and Other Portfolio Segment [Member] | Substandard [Member] | Other Loan [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer and Other Portfolio Segment [Member] | Doubtful [Member] | Consumer Loans [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer and Other Portfolio Segment [Member] | Doubtful [Member] | Other Loan [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer and Other Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Consumer Loans [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer and Other Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Other Loan [Member] | |||
Non-covered loans | 0 | 0 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | |||
Non-covered loans | 136,310 | 144,582 | |
Originated in current year | 10,503 | 70,460 | |
Originated in one year prior | 63,401 | 38,610 | |
Originated in two years prior | 32,956 | 16,499 | |
Originated in three years prior | 13,574 | 8,062 | |
Originated in four years prior | 6,546 | 2,564 | |
Prior | 2,768 | 2,199 | |
Revolving | 7,807 | 7,992 | |
Total loan | 146,386 | ||
Total loans held for investment, net of unearned income | 137,555 | ||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Pass [Member] | |||
Originated in current year | 10,475 | 69,579 | |
Originated in one year prior | 62,509 | 37,603 | |
Originated in two years prior | 32,019 | 16,033 | |
Originated in three years prior | 13,115 | 7,640 | |
Originated in four years prior | 6,243 | 2,528 | |
Prior | 2,555 | 2,040 | |
Revolving | 7,746 | 7,932 | |
Total loan | 143,355 | ||
Total loans held for investment, net of unearned income | 134,662 | ||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Special Mention [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 5 | |
Originated in two years prior | 4 | 0 | |
Originated in three years prior | 0 | 6 | |
Originated in four years prior | 5 | 0 | |
Prior | 0 | 0 | |
Revolving | 1 | 0 | |
Total loan | 11 | ||
Total loans held for investment, net of unearned income | 10 | ||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Substandard [Member] | |||
Originated in current year | 28 | 881 | |
Originated in one year prior | 892 | 1,002 | |
Originated in two years prior | 933 | 466 | |
Originated in three years prior | 459 | 416 | |
Originated in four years prior | 298 | 36 | |
Prior | 213 | 159 | |
Revolving | 60 | 60 | |
Total loan | 3,020 | ||
Total loans held for investment, net of unearned income | 2,883 | ||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Doubtful [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | 0 | ||
Total loans held for investment, net of unearned income | 0 | ||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Originated in current year | 0 | 0 | |
Originated in one year prior | 0 | 0 | |
Originated in two years prior | 0 | 0 | |
Originated in three years prior | 0 | 0 | |
Originated in four years prior | 0 | 0 | |
Prior | 0 | 0 | |
Revolving | 0 | 0 | |
Total loan | $ 0 | ||
Total loans held for investment, net of unearned income | $ 0 |
Note 5 - Credit Quality - Nonac
Note 5 - Credit Quality - Nonaccrual Loans by Loan Class (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Total nonaccrual loans | $ 15,557 | $ 15,208 |
Loans With No Allowance [Member] | ||
Total nonaccrual loans | 14,971 | 14,619 |
Loans With an Allowance [Member] | ||
Total nonaccrual loans | 586 | 589 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Total nonaccrual loans | 425 | 31 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 425 | 31 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Total nonaccrual loans | 502 | 438 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 502 | 438 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Total nonaccrual loans | 208 | 220 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 208 | 220 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Total nonaccrual loans | 942 | 984 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 942 | 984 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Total nonaccrual loans | 1,524 | 1,771 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 1,524 | 1,771 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Total nonaccrual loans | 7 | 9 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 7 | 9 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Total nonaccrual loans | 133 | 133 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 133 | 133 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Total nonaccrual loans | 612 | 400 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 612 | 400 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Total nonaccrual loans | 8,889 | 8,817 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 8,303 | 8,228 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 586 | 589 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Total nonaccrual loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Total nonaccrual loans | 2,315 | 2,405 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 2,315 | 2,405 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | $ 0 | $ 0 |
Note 5 - Credit Quality - Aging
Note 5 - Credit Quality - Aging of Past Due Loans by Loan Class (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Non-covered | $ 2,388,897 | $ 2,400,197 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | |
Amortized Cost of > 90 Days Accruing No Allowance, Total | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | ||
Non-covered | 11,925 | 13,573 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Non-covered | 4,054 | 4,843 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Non-covered | 5,059 | 6,199 |
Financial Asset, Past Due [Member] | ||
Non-covered | 21,038 | 24,615 |
Financial Asset, Not Past Due [Member] | ||
Non-covered | 2,367,859 | 2,375,582 |
Commercial Portfolio Segment [Member] | ||
Non-covered | 1,440,102 | 1,433,263 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Non-covered | 115,023 | 117,174 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 173 | 393 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 17 | 8 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 418 | 23 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 608 | 424 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 114,415 | 116,750 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Non-covered | 151,293 | 150,428 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 422 | 756 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 112 | 129 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 332 | 217 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 866 | 1,102 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 150,427 | 149,326 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Non-covered | 148,746 | 148,026 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 133 | 0 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 83 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 133 | 83 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 148,613 | 147,943 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered | 207,632 | 206,121 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,169 | 990 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 169 | 122 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 120 | 299 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,458 | 1,411 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 206,174 | 204,710 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Non-covered | 793,229 | 787,703 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 218 | 646 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 48 | 52 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 351 | 548 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 617 | 1,246 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 792,612 | 786,457 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Non-covered | 12,042 | 12,032 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 34 | 36 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 135 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 7 | 9 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 41 | 180 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 12,001 | 11,852 |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Non-covered | 12,137 | 11,779 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 133 | 133 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 133 | 133 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 12,004 | 11,646 |
Consumer Real Estate Portfolio Segment [Member] | ||
Non-covered | 811,240 | 820,548 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Non-covered | 73,762 | 75,642 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 782 | 519 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 120 | 115 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 487 | 262 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,389 | 896 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 72,373 | 74,746 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Non-covered | 727,202 | 734,540 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 5,172 | 5,951 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 2,603 | 2,322 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 2,222 | 3,166 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 9,997 | 11,439 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 717,205 | 723,101 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Non-covered | 10,276 | 10,366 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 10,276 | 10,366 |
Consumer and Other Portfolio Segment [Member] | ||
Non-covered | 137,555 | 146,386 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Non-covered | 136,310 | 144,582 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 3,822 | 4,282 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 985 | 1,960 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 989 | 1,459 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 5,796 | 7,701 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 130,514 | 136,881 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | ||
Non-covered | 1,245 | 1,804 |
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 0 | 0 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | $ 1,245 | $ 1,804 |
Note 5 - Credit Quality - Colla
Note 5 - Credit Quality - Collateral Dependent Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Collateral dependent loans | $ 586 | $ 589 |
Collateral coverage | $ 574 | $ 574 |
Collateral coverage percentage | 97.99% | 97.45% |
Commercial Real Estate, Hotel 1 [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Commercial Real Estate, Office [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Commercial Real Estate, Other [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Commercial Real Estate, Retail [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Multi-family, Industrial [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Multi-family, Office [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Multi-family, Other [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Commercial and Industrial, Industrial [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Commercial and Industrial, Other [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Consumer Owner Occupied, Other [Member] | ||
Collateral dependent loans | $ 0 | $ 0 |
Collateral coverage | $ 0 | $ 0 |
Collateral coverage percentage | 0% | 0% |
Consumer, Other [Member] | ||
Collateral dependent loans | $ 586 | $ 589 |
Collateral coverage | $ 574 | $ 574 |
Collateral coverage percentage | 97.99% | 97.45% |
Note 5 - Credit Quality - Loa_2
Note 5 - Credit Quality - Loans Modified as Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 USD ($) | ||
Amortized cost basis | $ 32 | [1] |
Total contracts | 1 | |
Pre-modification recorded investment | $ 31 | |
Financial Asset, Not Past Due [Member] | ||
Amortized cost basis | 429 | |
Financial Asset, 30 to 89 Days Past Due [Member] | ||
Amortized cost basis | 0 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Amortized cost basis | 0 | |
Payment Deferral [Member] | ||
Amortized cost basis | 410 | |
Below Market Interest Rate [Member] | ||
Amortized cost basis | $ 32 | |
Total contracts | 1 | |
Pre-modification recorded investment | $ 31 | |
Below Market Interest Rate [Member] | Single Family Owner Occupied [Member] | ||
Amortized cost basis | $ 32 | [1] |
Total contracts | 1 | |
Pre-modification recorded investment | $ 31 | |
Extended Maturity [Member] | ||
Amortized cost basis | 9 | |
Principal Forgiveness [Member] | ||
Amortized cost basis | 10 | |
Single Family Owner Occupied [Member] | Financial Asset, Not Past Due [Member] | ||
Amortized cost basis | 420 | |
Single Family Owner Occupied [Member] | Financial Asset, 30 to 89 Days Past Due [Member] | ||
Amortized cost basis | 0 | |
Single Family Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Amortized cost basis | 0 | |
Single Family Owner Occupied [Member] | Payment Deferral [Member] | ||
Amortized cost basis | $ 410 | |
Percentage of total financing receivable | 0.056% | |
Single family owner occupied | $ 6 | |
Consumer Loans [Member] | Financial Asset, Not Past Due [Member] | ||
Amortized cost basis | 9 | |
Consumer Loans [Member] | Financial Asset, 30 to 89 Days Past Due [Member] | ||
Amortized cost basis | 0 | |
Consumer Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Amortized cost basis | 0 | |
Consumer Loans [Member] | Extended Maturity [Member] | ||
Amortized cost basis | $ 9 | |
Percentage of total financing receivable | 0.007% | |
Consumer Loans [Member] | Extended Maturity [Member] | Minimum [Member] | ||
Extended term (Month) | 60 months | |
Consumer Loans [Member] | Extended Maturity [Member] | Maximum [Member] | ||
Extended term (Month) | 84 months | |
Consumer Loans [Member] | Principal Forgiveness [Member] | ||
Amortized cost basis | $ 10 | |
Percentage of total financing receivable | 0.001% | |
Single family owner occupied | $ 13 | |
[1]Represents the loan balance immediately following modification |
Note 5 - Credit Quality - Loa_3
Note 5 - Credit Quality - Loans Modified as Troubled Debt Restructurings by Loan Class and Accrual Status (Details) $ in Thousands | Dec. 31, 2022 USD ($) | |
Nonaccrual | $ 1,324 | [1] |
Accrual | 7,112 | |
TDRs | 8,436 | |
Allowance for credit losses related to TDRs | 0 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Nonaccrual | 0 | [1] |
Accrual | 374 | |
TDRs | 374 | |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Nonaccrual | 142 | [1] |
Accrual | 838 | |
TDRs | 980 | |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Nonaccrual | 0 | [1] |
Accrual | 747 | |
TDRs | 747 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Nonaccrual | 0 | [1] |
Accrual | 55 | |
TDRs | 55 | |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Nonaccrual | 1,182 | [1] |
Accrual | 5,073 | |
TDRs | 6,255 | |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Nonaccrual | 0 | [1] |
Accrual | 0 | |
TDRs | 0 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Nonaccrual | 0 | [1] |
Accrual | 25 | |
TDRs | $ 25 | |
[1]Nonaccrual TDRs are included in total nonaccrual loans disclosed in the nonaccrual table above. |
Note 5 - Credit Quality - Balan
Note 5 - Credit Quality - Balance and Interest Income Related to Impaired Loan Pools (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Troubled Debt Restructurings [Member] | Purchased Credit Impaired Loans [Member] | |
Interest income recognized | $ 105 |
Note 5 - Credit Quality - Other
Note 5 - Credit Quality - Other Real Estate Owned (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | |
OREO | $ 481 | $ 703 | |
OREO secured by residential real estate | 249 | 407 | |
Residential real estate loans in the foreclosure process(1) | [1] | $ 1,850 | $ 1,474 |
[1]The recorded investment in consumer mortgage loans collateralized by residential real estate that are in the process of foreclosure according to local requirements of the applicable jurisdiction |
Note 6 - Allowance for Credit_3
Note 6 - Allowance for Credit Losses - Changes in Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | ||
Balance, Loans | $ 30,556 | [1] | $ 27,858 |
Balance, Allowance for credit losses - loan commitments | 1,196 | 678 | |
Total allowance for credit losses beginning of year | 31,752 | 28,536 | |
Provision for credit losses - loans | 1,974 | ||
(Recovery of) provision for credit losses - loan commitments | (232) | 98 | |
Total provision for credit losses - loans and loan commitments | 1,742 | 2,059 | |
Charge-offs | (2,570) | (1,302) | |
Recoveries | 829 | 464 | |
Net recoveries (charge-offs) | (1,741) | (838) | |
Balance, Allowance for credit losses - loans | 30,789 | 28,981 | |
Balance, Allowance for credit losses - loan commitments | 964 | 776 | |
Ending balance | 31,753 | 29,757 | |
Provision for credit losses for loans | 1,742 | 1,961 | |
Commercial Portfolio Segment [Member] | |||
Balance, Loans | 17,213 | 14,775 | |
Balance, Allowance for credit losses - loan commitments | 1,018 | 576 | |
Total allowance for credit losses beginning of year | 18,231 | 15,351 | |
Provision for credit losses - loans | 37 | ||
(Recovery of) provision for credit losses - loan commitments | (232) | 87 | |
Total provision for credit losses - loans and loan commitments | (195) | 1,195 | |
Charge-offs | (173) | (257) | |
Recoveries | 192 | 270 | |
Net recoveries (charge-offs) | 19 | 13 | |
Balance, Allowance for credit losses - loans | 17,269 | 15,896 | |
Balance, Allowance for credit losses - loan commitments | 786 | 663 | |
Ending balance | 18,055 | 16,559 | |
Provision for credit losses for loans | 1,108 | ||
Consumer Real Estate Portfolio Segment [Member] | |||
Balance, Loans | 8,931 | 9,972 | |
Balance, Allowance for credit losses - loan commitments | 156 | 88 | |
Total allowance for credit losses beginning of year | 9,087 | 10,060 | |
Provision for credit losses - loans | 103 | ||
(Recovery of) provision for credit losses - loan commitments | (6) | 6 | |
Total provision for credit losses - loans and loan commitments | 97 | (235) | |
Charge-offs | (98) | (6) | |
Recoveries | 59 | 39 | |
Net recoveries (charge-offs) | (39) | 33 | |
Balance, Allowance for credit losses - loans | 8,995 | 9,764 | |
Balance, Allowance for credit losses - loan commitments | 150 | 94 | |
Ending balance | 9,145 | 9,858 | |
Provision for credit losses for loans | (241) | ||
Consumer and Other Portfolio Segment [Member] | |||
Balance, Loans | 4,412 | 3,111 | |
Balance, Allowance for credit losses - loan commitments | 22 | 14 | |
Total allowance for credit losses beginning of year | 4,434 | 3,125 | |
Provision for credit losses - loans | 1,834 | ||
(Recovery of) provision for credit losses - loan commitments | 6 | 5 | |
Total provision for credit losses - loans and loan commitments | 1,840 | 1,099 | |
Charge-offs | (2,299) | (1,039) | |
Recoveries | 578 | 155 | |
Net recoveries (charge-offs) | (1,721) | (884) | |
Balance, Allowance for credit losses - loans | 4,525 | 3,321 | |
Balance, Allowance for credit losses - loan commitments | 28 | 19 | |
Ending balance | $ 4,553 | 3,340 | |
Provision for credit losses for loans | $ 1,094 | ||
[1]Derived from audited financial statements |
Note 7 - Deposits - Components
Note 7 - Deposits - Components of Deposits (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | |
Noninterest-bearing demand deposits | $ 823,297 | $ 872,168 | |
Interest-bearing demand deposits | 661,595 | 679,609 | |
Money market accounts | 279,139 | 264,734 | |
Savings deposits | 558,782 | 578,974 | |
Certificates of deposit | 165,709 | 180,008 | |
Individual retirement accounts | 96,102 | 103,322 | |
Total interest-bearing deposits | 1,761,327 | 1,806,647 | |
Total deposits | $ 2,584,624 | $ 2,678,815 | [1] |
[1]Derived from audited financial statements |
Note 8 - Leases (Details Textua
Note 8 - Leases (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Operating Lease, Weighted Average Discount Rate, Percent | 3.28% | 3.28% |
Minimum [Member] | ||
Lessee, Operating Lease, Remaining Lease Term (Year) | 2 years | 2 months |
Maximum [Member] | ||
Lessee, Operating Lease, Remaining Lease Term (Year) | 6 years | 6 years 6 months |
Other Assets [Member] | ||
Operating Lease, Right-of-Use Asset | $ 625 | $ 648 |
Other Liabilities [Member] | ||
Operating Lease, Liability | $ 647 | $ 670 |
Note 8 - Leases - Minimum Lease
Note 8 - Leases - Minimum Lease Payments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
2024 | $ 119 | $ 119 |
2025 | 113 | 117 |
2026 | 101 | 101 |
2027 | 101 | 101 |
2028 and thereafter | 235 | 261 |
Total lease payments | 669 | 699 |
Less: Interest | (22) | (29) |
Other Liabilities [Member] | ||
Present value of lease liabilities | $ 647 | $ 670 |
Note 9 - Borrowings (Details Te
Note 9 - Borrowings (Details Textual) $ in Thousands | Mar. 31, 2023 USD ($) |
Long-Term Debt | $ 0 |
Debt Instrument, Unused Borrowing Capacity, Amount | 393,690 |
Deposit Liabilities, Collateral Issued, Financial Instruments | 118,940 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 731,490 |
Note 9 - Borrowings - Component
Note 9 - Borrowings - Components of Borrowings (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | |
Securities sold under agreements to repurchase | $ 1,866 | $ 1,874 | [1] |
Retail Repurchase Agreements [Member] | |||
Securities sold under agreements to repurchase | $ 1,866 | $ 1,874 | |
Retail repurchase agreements | 0.06% | 0.07% | |
[1]Derived from audited financial statements |
Note 10 - Derivative Instrume_3
Note 10 - Derivative Instruments and Hedging Activities (Details Textual) $ in Millions | Jul. 26, 2022 USD ($) |
Interest Rate Swap [Member] | |
Derivative, Gain (Loss) on Derivative, Net, Total | $ (72) |
Note 10 - Derivative Instrume_4
Note 10 - Derivative Instruments and Hedging Activities - Notional or Contractual Amounts and Fair Values of Derivative Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Notional or contractual amount | $ 3,877 | $ 3,983 |
Derivative assets | 150 | 199 |
Derivative liabilities | 0 | 0 |
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ||
Notional or contractual amount | 3,877 | 3,983 |
Derivative assets | 150 | 199 |
Derivative liabilities | $ 0 | $ 0 |
Note 10 - Derivative Instrume_5
Note 10 - Derivative Instruments and Hedging Activities - Effect of Derivative and Hedging Activity, on Consolidated Statements of Income (Details) - Interest Rate Swap [Member] - USD ($) $ in Thousands | 3 Months Ended | ||
Jul. 26, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | |
Derivative expense | $ (72,000) | ||
Interest and Fees on Loans [Member] | |||
Derivative expense | $ (20) | $ 76 | |
Designated as Hedging Instrument [Member] | Interest and Fees on Loans [Member] | |||
Derivative expense | (20) | 25 | |
Not Designated as Hedging Instrument [Member] | Interest and Fees on Loans [Member] | |||
Derivative expense | $ 0 | $ 51 |
Note 11 - Employee Benefit Pl_3
Note 11 - Employee Benefit Plans - Components of Net Periodic Pension Cost and Assumed Discount Rate (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Service cost | $ 0 | $ 0 |
Interest cost | 82 | 83 |
Amortization of prior service cost | 0 | 0 |
Amortization of losses | 33 | 34 |
Net periodic cost | $ 115 | $ 117 |
Note 12 - Earnings Per Share -
Note 12 - Earnings Per Share - Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Net income | $ 11,782 | $ 9,515 |
Weighted average common shares outstanding, basic (in shares) | 16,228,297 | 16,817,284 |
Total dilutive effect of potential common shares (in shares) | 61,192 | 47,231 |
Weighted average common shares outstanding, diluted (in shares) | 16,289,489 | 16,864,515 |
Basic earnings per common share (in dollars per share) | $ 0.73 | $ 0.57 |
Diluted earnings per common share (in dollars per share) | $ 0.72 | $ 0.56 |
Antidilutive potential common shares (in shares) | 131,198 | 131,198 |
Share-Based Payment Arrangement, Option [Member] | ||
Dilutive effect of potential common shares (in shares) | 16,405 | 17,814 |
Antidilutive potential common shares (in shares) | 131,198 | 131,198 |
Restricted Stock [Member] | ||
Dilutive effect of potential common shares (in shares) | 44,787 | 29,417 |
Note 13 - Accumulated Other C_3
Note 13 - Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income, Net of Tax (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | ||
Balance | $ 421,985 | [1] | $ 427,775 |
Other comprehensive income (loss), net of tax | 2,494 | (4,966) | |
Balance | 431,731 | 424,156 | |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] | |||
Balance | (15,621) | 15 | |
Other comprehensive income before reclassifications | 2,499 | (4,658) | |
Reclassified from AOCI | (5) | 0 | |
Other comprehensive income (loss), net of tax | 2,494 | (4,658) | |
Balance | (13,127) | (4,643) | |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | |||
Balance | (98) | (1,561) | |
Other comprehensive income before reclassifications | (26) | (335) | |
Reclassified from AOCI | 26 | 27 | |
Other comprehensive income (loss), net of tax | 0 | (308) | |
Balance | (98) | (1,869) | |
AOCI Attributable to Parent [Member] | |||
Balance | (15,719) | (1,546) | |
Other comprehensive income before reclassifications | 2,473 | (4,993) | |
Reclassified from AOCI | 21 | 27 | |
Other comprehensive income (loss), net of tax | 2,494 | (4,966) | |
Balance | $ (13,225) | $ (6,512) | |
[1]Derived from audited financial statements |
Note 13 - Accumulated Other C_4
Note 13 - Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | ||
Gain recognized | $ 7 | $ 0 | |
Income before income taxes | 15,440 | 12,400 | |
Income tax expense | 3,658 | 2,885 | |
Net income | 11,782 | 9,515 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | |||
Gain recognized | (7) | 0 | |
Net income | 21 | 27 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] | |||
Income before income taxes | (7) | 0 | |
Income tax expense | (2) | 0 | |
Net income | (5) | 0 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member] | |||
Other operating expense | [1] | 0 | 0 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member] | |||
Other operating expense | 33 | 34 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | |||
Income before income taxes | 33 | 34 | |
Income tax expense | 7 | 7 | |
Net income | $ 26 | $ 27 | |
[1]Amortization is included in net periodic pension cost. See Note 10, "Employee Benefit Plans." |
Note 14 - Fair Value - Assets a
Note 14 - Fair Value - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | |
Available-for-sale debt securities | $ 308,269 | $ 300,349 | [1] |
Derivative assets | 150 | 199 | |
Fair Value, Recurring [Member] | |||
Available-for-sale debt securities | 308,269 | 300,349 | |
Equity securities | 55 | 55 | |
Fair value loans | 3,727 | 3,784 | |
Derivative assets | 150 | 199 | |
Deferred compensation assets | 5,658 | 5,142 | |
Deferred compensation liabilities | 5,658 | 5,142 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Available-for-sale debt securities | 0 | 0 | |
Equity securities | 0 | 0 | |
Fair value loans | 0 | 0 | |
Derivative assets | 0 | 0 | |
Deferred compensation assets | 5,658 | 5,142 | |
Deferred compensation liabilities | 5,658 | 5,142 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Available-for-sale debt securities | 308,269 | 300,349 | |
Equity securities | 55 | 55 | |
Fair value loans | 0 | 0 | |
Derivative assets | 150 | 199 | |
Deferred compensation assets | 0 | 0 | |
Deferred compensation liabilities | 0 | 0 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Available-for-sale debt securities | 0 | 0 | |
Equity securities | 0 | 0 | |
Fair value loans | 3,727 | 3,784 | |
Derivative assets | 0 | 0 | |
Deferred compensation assets | 0 | 0 | |
Deferred compensation liabilities | 0 | 0 | |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | |||
Available-for-sale debt securities | 1,491 | 1,485 | |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Available-for-sale debt securities | 0 | 0 | |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Available-for-sale debt securities | 1,491 | 1,485 | |
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Available-for-sale debt securities | 0 | 0 | |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | |||
Available-for-sale debt securities | 170,686 | 157,264 | |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Available-for-sale debt securities | 0 | 0 | |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Available-for-sale debt securities | 170,686 | 157,264 | |
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Available-for-sale debt securities | 0 | 0 | |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale debt securities | 22,957 | 23,309 | |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Available-for-sale debt securities | 0 | 0 | |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Available-for-sale debt securities | 22,957 | 23,309 | |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Available-for-sale debt securities | 0 | 0 | |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | |||
Available-for-sale debt securities | 29,779 | 34,857 | |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Available-for-sale debt securities | 0 | ||
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Available-for-sale debt securities | 29,779 | 34,857 | |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Available-for-sale debt securities | 0 | ||
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | |||
Available-for-sale debt securities | 83,356 | 83,434 | |
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Available-for-sale debt securities | 0 | 0 | |
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Available-for-sale debt securities | 83,356 | 83,434 | |
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Available-for-sale debt securities | $ 0 | $ 0 | |
[1]Derived from audited financial statements |
Note 14 - Fair Value - Assets M
Note 14 - Fair Value - Assets Measured at Fair Value on Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - Non-covered Loans [Member] - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Collateral Dependent Assets With Specific Reserves [Member] | ||
Total Fair Value | $ 574 | $ 574 |
Collateral Dependent Assets With Specific Reserves [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Total Fair Value | 0 | 0 |
Collateral Dependent Assets With Specific Reserves [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Total Fair Value | 0 | 0 |
Collateral Dependent Assets With Specific Reserves [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Total Fair Value | 574 | 574 |
OREO [Member] | ||
Total Fair Value | 481 | 703 |
OREO [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Total Fair Value | 0 | 0 |
OREO [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Total Fair Value | 0 | 0 |
OREO [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Total Fair Value | $ 481 | $ 703 |
Note 14 - Fair Value - Quantita
Note 14 - Fair Value - Quantitative Information for Assets Measured at Fair Value on Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - Measurement Input, Discount Rate [Member] - Valuation, Market Approach [Member] | Mar. 31, 2023 | Dec. 31, 2022 | |
Discount range, impaired loans | [1],[2] | 0.02 | 0.03 |
Weighted Average [Member] | |||
Discount range, impaired loans | [1],[2] | 0.02 | 0.03 |
Discount range, non-covered OREO | [1],[2] | 0.77 | 0.69 |
Minimum [Member] | |||
Discount range, non-covered OREO | [1],[2] | 0.20 | 0.20 |
Maximum [Member] | |||
Discount range, non-covered OREO | [1],[2] | 1 | 1 |
[1]Appraisals may be adjusted by management for customized discounting criteria, estimated sales costs, and proprietary qualitative adjustments.[2]Fair value is generally based on appraisals of the underlying collateral. |
Note 14 - Fair Value - Financia
Note 14 - Fair Value - Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | |
Debt securities available for sale | $ 308,269 | $ 300,349 | [1] |
Derivative financial assets | 150 | 199 | |
Interest receivable | 8,646 | 9,279 | [1] |
Derivative assets | 150 | 199 | |
Reported Value Measurement [Member] | |||
Cash and cash equivalents | 92,385 | 170,846 | |
Debt securities available for sale | 308,269 | 300,349 | |
Equity securities | 55 | 55 | |
Loans held for investment, net of allowance | 2,358,108 | 2,369,641 | |
Derivative financial assets | 150 | 199 | |
Interest receivable | 8,646 | 9,279 | |
Deferred compensation assets | 5,658 | 5,142 | |
Securities sold under agreements to repurchase | 1,866 | 1,874 | |
Interest payable | 211 | 159 | |
Deferred compensation liabilities | 5,658 | 5,142 | |
Derivative assets | 150 | 199 | |
Reported Value Measurement [Member] | Bank Time Deposits [Member] | |||
Deposits fair value | 261,811 | 283,330 | |
Estimate of Fair Value Measurement [Member] | |||
Cash and cash equivalents | 92,385 | 170,846 | |
Debt securities available for sale | 308,269 | 300,349 | |
Equity securities | 55 | 55 | |
Loans held for investment, net of allowance | 2,215,745 | 2,215,243 | |
Derivative financial assets | 150 | 199 | |
Interest receivable | 8,646 | 9,279 | |
Deferred compensation assets | 5,658 | 5,142 | |
Securities sold under agreements to repurchase | 1,866 | 1,874 | |
Interest payable | 211 | 159 | |
Deferred compensation liabilities | 5,658 | 5,142 | |
Derivative assets | 150 | 199 | |
Estimate of Fair Value Measurement [Member] | Bank Time Deposits [Member] | |||
Deposits fair value | 259,870 | 281,744 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Cash and cash equivalents | 92,385 | 170,846 | |
Debt securities available for sale | 0 | 0 | |
Equity securities | 0 | 0 | |
Loans held for investment, net of allowance | 0 | 0 | |
Derivative financial assets | 0 | 0 | |
Interest receivable | 0 | 0 | |
Deferred compensation assets | 5,658 | 5,142 | |
Securities sold under agreements to repurchase | 0 | 0 | |
Interest payable | 0 | 0 | |
Deferred compensation liabilities | 5,658 | 5,142 | |
Derivative assets | 0 | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Bank Time Deposits [Member] | |||
Deposits fair value | 0 | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Cash and cash equivalents | 0 | 0 | |
Debt securities available for sale | 308,269 | 300,349 | |
Equity securities | 55 | 55 | |
Loans held for investment, net of allowance | 0 | 0 | |
Derivative financial assets | 150 | 199 | |
Interest receivable | 8,646 | 9,279 | |
Deferred compensation assets | 0 | 0 | |
Securities sold under agreements to repurchase | 1,866 | 1,874 | |
Interest payable | 211 | 159 | |
Deferred compensation liabilities | 0 | 0 | |
Derivative assets | 150 | 199 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Bank Time Deposits [Member] | |||
Deposits fair value | 259,870 | 281,744 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Cash and cash equivalents | 0 | 0 | |
Debt securities available for sale | 0 | 0 | |
Equity securities | 0 | 0 | |
Loans held for investment, net of allowance | 2,215,745 | 2,215,243 | |
Derivative financial assets | 0 | 0 | |
Interest receivable | 0 | 0 | |
Deferred compensation assets | 0 | 0 | |
Securities sold under agreements to repurchase | 0 | 0 | |
Interest payable | 0 | 0 | |
Deferred compensation liabilities | 0 | 0 | |
Derivative assets | 0 | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Bank Time Deposits [Member] | |||
Deposits fair value | $ 0 | $ 0 | |
[1]Derived from audited financial statements |
Note 15 - Litigation, Commitm_3
Note 15 - Litigation, Commitments, and Contingencies - Off-balance Sheet Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | |
Commitments to extend credit | $ 259,156 | $ 278,926 | |
Standby letters of credit and financial guarantees(1) | [1] | 121,701 | 119,681 |
Total off-balance sheet risk | $ 380,857 | $ 398,607 | |
[1]Includes FHLB letters of credit |