Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2023 | Jul. 31, 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 | Q2 | |
Document Fiscal Year Focus | 2023 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 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 ($1.00 par value) | |
Trading Symbol | FCBC | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 18,788,881 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | |
Assets | |||
Cash and due from banks | $ 100,438 | $ 63,044 | [1] |
Federal funds sold | 50,682 | 105,636 | [1] |
Interest-bearing deposits in banks | 1,540 | 2,166 | [1] |
Total cash and cash equivalents | 152,660 | 170,846 | [1] |
Debt securities available for sale | 314,373 | 300,349 | [1] |
Loans held for investment, net of unearned income | 2,621,073 | 2,400,197 | [1] |
Allowance for credit losses | (36,177) | (30,556) | [1] |
Loans held for investment, net | 2,584,896 | 2,369,641 | [1] |
Premises and equipment, net | 53,546 | 47,340 | [1] |
Other real estate owned | 339 | 703 | [1] |
Interest receivable | 10,185 | 9,279 | [1] |
Goodwill | 143,946 | 129,565 | [1] |
Other intangible assets | 16,217 | 4,176 | [1] |
Other assets | 115,275 | 103,673 | [1] |
Total assets | 3,391,437 | 3,135,572 | [1] |
Liabilities | |||
Noninterest-bearing | 974,995 | 872,168 | |
Interest-bearing | 1,877,683 | 1,806,647 | |
Total deposits | 2,852,678 | 2,678,815 | [1] |
Securities sold under agreements to repurchase | 1,348 | 1,874 | [1] |
Interest, taxes, and other liabilities | 38,691 | 32,898 | [1] |
Total liabilities | 2,892,717 | 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; 27,500,920 shares issued and 18,969,281 outstanding at June 30, 2023; 24,477,471 shares issued and 16,225,399 outstanding at December 31, 2022 | 18,969 | 16,225 | |
Additional paid-in capital | 189,917 | 128,508 | [1] |
Retained earnings | 304,295 | 292,971 | [1] |
Accumulated other comprehensive loss | (14,461) | (15,719) | [1] |
Total stockholders' equity | 498,720 | 421,985 | [1] |
Total liabilities and stockholders' equity | $ 3,391,437 | $ 3,135,572 | [1] |
[1]Derived from audited financial statements |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 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) | 27,500,920 | 24,477,471 | |
Common stock, outstanding (in shares) | 18,969,281 | 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 | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Interest income: | ||||
Interest and fees on loans | $ 31,927 | $ 25,651 | $ 59,555 | $ 50,292 |
Interest on securities -- taxable | 1,898 | 1,373 | 3,832 | 1,929 |
Interest on securities -- tax-exempt | 159 | 178 | 324 | 372 |
Interest on deposits in banks | 885 | 768 | 1,347 | 1,016 |
Total interest income | 34,869 | 27,970 | 65,058 | 53,609 |
Interest expense: | ||||
Interest on deposits | 1,930 | 422 | 2,648 | 908 |
Interest on short-term borrowings | 77 | 1 | 136 | 1 |
Total interest expense | 2,007 | 423 | 2,784 | 909 |
Net interest income | 32,862 | 27,547 | 62,274 | 52,700 |
Provision for credit losses | 4,105 | 510 | 5,847 | 2,471 |
Net interest income after provision for loan losses | 28,757 | 27,037 | 56,427 | 50,229 |
Noninterest income: | ||||
Loss on sale of securities | (28) | 0 | (21) | 0 |
Other operating income | 917 | 892 | 2,235 | 2,599 |
Total noninterest income | 8,785 | 8,854 | 17,368 | 18,048 |
Noninterest expense: | ||||
Salaries and employee benefits | 12,686 | 11,518 | 24,281 | 23,189 |
Occupancy expense | 1,276 | 1,165 | 2,444 | 2,434 |
Furniture and equipment expense | 1,508 | 1,496 | 2,909 | 3,110 |
Service fees | 2,284 | 2,563 | 4,303 | 4,066 |
Advertising and public relations | 846 | 577 | 1,489 | 1,117 |
Professional fees | 281 | 544 | 608 | 997 |
Amortization of intangibles | 425 | 360 | 659 | 717 |
FDIC premiums and assessments | 423 | 257 | 743 | 475 |
Merger expenses | 2,014 | 0 | 2,393 | 0 |
Other operating expense | 2,928 | 2,775 | 5,655 | 5,136 |
Total noninterest expense | 24,671 | 21,255 | 45,484 | 41,241 |
Income before income taxes | 12,871 | 14,636 | 28,311 | 27,036 |
Income tax expense | 3,057 | 3,423 | 6,715 | 6,308 |
Net income | $ 9,814 | $ 11,213 | $ 21,596 | $ 20,728 |
Earnings per common share | ||||
Basic (in dollars per share) | $ 0.53 | $ 0.67 | $ 1.25 | $ 1.24 |
Diluted (in dollars per share) | $ 0.55 | $ 0.67 | $ 1.26 | $ 1.24 |
Weighted average shares outstanding | ||||
Basic (in shares) | 18,407,078 | 16,662,817 | 17,323,706 | 16,739,624 |
Diluted (in shares) | 18,431,598 | 16,682,615 | 17,363,478 | 16,772,847 |
Fiduciary and Trust [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 965 | $ 993 | $ 1,982 | $ 1,965 |
Deposit Account [Member] | ||||
Noninterest income: | ||||
Noninterest income | 3,471 | 3,672 | 6,630 | 7,170 |
Financial Service, Other [Member] | ||||
Noninterest income: | ||||
Noninterest income | $ 3,460 | $ 3,297 | $ 6,542 | $ 6,314 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Net income | $ 9,814 | $ 11,213 | $ 21,596 | $ 20,728 |
Other comprehensive income (loss), before tax | ||||
Change in net unrealized (losses) gains on debt securities | (1,593) | (6,550) | 1,570 | (12,447) |
Reclassification adjustment for losses recognized in net income | 28 | 0 | 21 | 0 |
Net unrealized (losses) gains on available-for-sale debt securities | (1,565) | (6,550) | 1,591 | (12,447) |
Employee benefit plans: | ||||
Net actuarial loss | (31) | (1) | (63) | (423) |
Reclassification adjustment for amortization of prior service cost and net actuarial loss recognized in net income | 31 | 33 | 63 | 67 |
Net unrealized gains (losses) on employee benefit plans | 0 | 32 | 0 | (356) |
Other comprehensive (loss) income, before tax | (1,565) | (6,518) | 1,591 | (12,803) |
Income tax (benefit) expense | (329) | (1,370) | 333 | (2,689) |
Other comprehensive (loss) income, net of tax | (1,236) | (5,148) | 1,258 | (10,114) |
Total comprehensive income | $ 8,578 | $ 6,065 | $ 22,854 | $ 10,614 |
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 | 20,728 | 0 | 20,728 | |
Other comprehensive loss | 0 | 0 | 0 | 0 | (10,114) | (10,114) | |
Common dividends declared | 0 | 0 | 0 | (9,053) | 0 | (9,053) | |
Equity-based compensation expense | 0 | 25 | 328 | 0 | 0 | 353 | |
Common stock options exercised | $ 0 | $ 5 | 98 | 0 | 0 | 103 | |
Issuance of common stock to 401(k) plan (in shares) | 0 | 9,758 | |||||
Issuance of common stock to 401(k) plan | $ 0 | $ 10 | 279 | 0 | 0 | 289 | |
Repurchase of common shares (in shares) | 0 | (415,507) | |||||
Repurchase of common shares | $ 0 | $ (416) | (11,619) | 0 | 0 | (12,035) | |
Other comprehensive loss | $ 0 | $ 0 | 0 | 0 | (10,114) | (10,114) | |
Equity-based compensation expense (in shares) | 0 | 25,137 | |||||
Repurchase of common shares (in shares) | 0 | 415,507 | |||||
Common stock options exercised (in shares) | 0 | 4,536 | |||||
Balance (in shares) at Jun. 30, 2022 | 0 | 16,502,144 | |||||
Balance at Jun. 30, 2022 | $ 0 | $ 16,502 | 136,705 | 276,499 | (11,660) | 418,046 | |
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 | |
Net income | 0 | 0 | 0 | 11,213 | 0 | 11,213 | |
Other comprehensive loss | 0 | 0 | 0 | 0 | (5,148) | (5,148) | |
Common dividends declared | 0 | 0 | 0 | (4,512) | 0 | (4,512) | |
Equity-based compensation expense | 0 | 0 | 0 | 0 | 0 | 0 | |
Common stock options exercised | $ 0 | $ 0 | 181 | 0 | 0 | 181 | |
Issuance of common stock to 401(k) plan (in shares) | 0 | 3,676 | |||||
Issuance of common stock to 401(k) plan | $ 0 | $ 4 | 100 | 0 | 0 | 104 | |
Repurchase of common shares (in shares) | 0 | (283,507) | |||||
Repurchase of common shares | $ 0 | $ (284) | (7,664) | 0 | 0 | (7,948) | |
Other comprehensive loss | $ 0 | $ 0 | 0 | 0 | (5,148) | (5,148) | |
Repurchase of common shares (in shares) | 0 | 283,507 | |||||
Balance (in shares) at Jun. 30, 2022 | 0 | 16,502,144 | |||||
Balance at Jun. 30, 2022 | $ 0 | $ 16,502 | 136,705 | 276,499 | (11,660) | 418,046 | |
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 | 21,596 | 0 | 21,596 | |
Other comprehensive loss | 0 | 0 | 0 | 0 | 1,258 | 1,258 | |
Common dividends declared | 0 | 0 | 0 | (10,272) | 0 | (10,272) | |
Equity-based compensation expense | 0 | 24 | 408 | 0 | 0 | 432 | |
Common stock options exercised | $ 0 | $ 2 | 46 | 0 | 0 | 48 | |
Issuance of common stock to 401(k) plan (in shares) | 0 | 262 | |||||
Issuance of common stock to 401(k) plan | $ 0 | $ 0 | 8 | 0 | 0 | 8 | |
Repurchase of common shares (in shares) | 0 | 279,567 | |||||
Repurchase of common shares | $ 0 | $ (279) | (7,410) | 0 | 0 | (7,689) | |
Surrey acquisition (in shares) | 0 | 2,996,786 | |||||
Surrey acquisition | $ 0 | $ 2,997 | 68,357 | 0 | 0 | 71,354 | |
Other comprehensive loss | $ 0 | $ 0 | 0 | 0 | 1,258 | 1,258 | |
Equity-based compensation expense (in shares) | 0 | 24,243 | |||||
Repurchase of common shares (in shares) | 0 | (279,567) | |||||
Common stock options exercised (in shares) | 0 | 2,158 | |||||
Balance (in shares) at Jun. 30, 2023 | 0 | 18,969,281 | |||||
Balance at Jun. 30, 2023 | $ 0 | $ 18,969 | 189,917 | 304,295 | (14,461) | 498,720 | |
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 | |
Net income | 0 | 0 | 0 | 9,814 | 0 | 9,814 | |
Other comprehensive loss | 0 | 0 | 0 | 0 | (1,236) | (1,236) | |
Common dividends declared | 0 | 0 | 0 | (5,566) | 0 | (5,566) | |
Equity-based compensation expense | $ 0 | $ 9 | 304 | 0 | 0 | 313 | |
Repurchase of common shares (in shares) | 0 | 279,567 | |||||
Repurchase of common shares | $ 0 | $ (280) | (7,410) | 0 | 0 | (7,690) | |
Surrey acquisition (in shares) | 0 | 2,996,786 | |||||
Surrey acquisition | $ 0 | $ 2,997 | 68,357 | 0 | 0 | 71,354 | |
Other comprehensive loss | $ 0 | $ 0 | 0 | 0 | (1,236) | (1,236) | |
Equity-based compensation expense (in shares) | 0 | 8,511 | |||||
Repurchase of common shares (in shares) | 0 | (279,567) | |||||
Balance (in shares) at Jun. 30, 2023 | 0 | 18,969,281 | |||||
Balance at Jun. 30, 2023 | $ 0 | $ 18,969 | $ 189,917 | $ 304,295 | $ (14,461) | $ 498,720 | |
[1]Derived from audited financial statements |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Operating activities | ||
Net income | $ 21,596 | $ 20,728 |
Adjustments to reconcile net income to net cash provided by operating activities | ||
Provision for credit losses for loans | 5,847 | 2,471 |
Depreciation and amortization of premises and equipment | 1,912 | 2,168 |
(Accretion) amortization of (discounts) premiums on investments, net | (2,015) | 117 |
Amortization of intangible assets | 659 | 717 |
Accretion on acquired loans | (1,077) | (1,736) |
Equity-based compensation expense | 432 | 353 |
Issuance of common stock to 401(k) plan | 8 | 289 |
Loss (gain) on sale of premises and equipment, net | 12 | (381) |
Loss on sale of other real estate owned | 41 | 420 |
Net loss on sale of securities | 21 | 0 |
Increase in accrued interest receivable | (906) | (533) |
(Increase) decrease in other operating activities | 1,247 | 3,587 |
Net cash provided by operating activities | 27,777 | 28,200 |
Investing activities | ||
Proceeds from sale of securities available for sale | 38,979 | 0 |
Proceeds from maturities, prepayments, and calls of securities available for sale | 25,788 | 12,812 |
Payments to acquire securities available for sale | (54,272) | (236,850) |
Net decrease (increase) in loans | 16,752 | (133,395) |
Purchase of FHLB stock, net | (146) | (240) |
Cash proceeds from merger, net | 176,684 | 0 |
Proceeds from sale of premises and equipment | 12 | 1,145 |
Payments to acquire premises and equipment | (1,931) | (469) |
Proceeds from sale of other real estate owned | 382 | 338 |
Net cash provided (used) by investing activities | 202,248 | (356,659) |
Financing activities | ||
(Decrease) increase in noninterest-bearing deposits, net | (55,562) | 35,179 |
(Decrease) increase in interest-bearing deposits, net | (174,210) | 33,969 |
(Repayments) proceeds from securities sold under agreements to repurchase, net | (526) | 1,099 |
Proceeds from stock options exercised | 48 | 103 |
Payments for repurchase of common stock | (7,689) | (12,035) |
Payments of common dividends | (10,272) | (9,053) |
Net cash (used) provided by financing activities | (248,211) | 49,262 |
Net decrease in cash and cash equivalents | (18,186) | (279,197) |
Cash and cash equivalents at beginning of period | 170,846 | 677,439 |
Cash and cash equivalents at end of period | 152,660 | 398,242 |
Supplemental disclosure -- cash flow information | ||
Cash paid for interest | 2,645 | 1,330 |
Cash paid for income taxes | 4,641 | 490 |
Supplemental transactions -- noncash items | ||
Transfer of loans to other real estate owned | 79 | 322 |
Loans originated to finance other real estate owned | 20 | 0 |
Increase in accumulated other comprehensive income (loss), net of taxes | $ 1,258 | $ (10,114) |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 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, 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 June 30, 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 When loans are acquired they are identified as either purchased credit deteriorated ("PCD") or non-PCD. PCD loans represent assets that are acquired with evidence of more than insignificant credit quality deterioration since the origination of the loans as of the acquisition date. The ACL for PCD assets is recognized within business combination accounting with no Non-PCD loans acquired are generally estimated at fair value using a discounted cash flow approach with assumptions of discount rate, remaining life, prepayments, probability of default, and loss given default. The actual cash flows on these loans could differ materially from the fair value estimates. The amount we record as the fair values for the loans is generally less than the contractual unpaid principal balance due from the borrowers, with the difference being referred to as the “discount” on the acquired loans. Discounts on acquired non-PCD loans are accreted to interest income over their estimated remaining lives, which may 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 June 30, 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 June 30, 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 | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Note 2 . Divestitures and Acquisitions On September 16, 2022, no two On November 18, 2022, April 21, 2023. The strategic combination of the Company and Surrey united two one sixty The Surrey transaction was accounted for using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed and consideration exchanged were recorded at estimated fair value on the acquisition date. Fair values are preliminary and subject to refinement for up to a year after the closing date of the acquisition. The Company incurred a total of $2.99 million in merger expenses related to the Surrey transaction, $596 thousand was recorded in the last quarter of 2022 first six 2023. Goodwill arising from business combinations represents the excess of the purchase price over the sum of the estimated fair values of the tangible and identifiable intangible assets acquired less the fair value of the liabilities assumed. The Surrey acquisition resulted in the Company recognizing $14.38 million in goodwill. The primary identifiable intangible asset we typically record in connection with a whole bank or bank branch acquisition is the value of the core deposit intangibles which represents the estimated value of the long-term deposit relationships acquired in the transaction. Determining the amount of identifiable intangible assets and their average lives involves multiple assumptions and estimates and is typically determined by performing a discounted cash flow analysis, which involves a combination of any or all of the following assumptions: customer attrition/runoff, alternative funding costs, deposit servicing costs, and discount rates. The core deposit intangibles are amortized over the estimated useful lives of the deposit accounts based on a method that we believe reasonably approximates the anticipated benefit stream from this intangible. Core deposit intangibles for the Surrey transaction totaled $12.70 When loans are acquired they are identified as either purchased credit deteriorated ("PCD") or non-PCD. PCD loans represent assets that are acquired with evidence of more than insignificant credit quality deterioration since the origination of the loans as of the acquisition date. The ACL for PCD assets is recognized within business combination accounting with no may not As recorded by Fair Value As recorded by (Amounts in thousands) Surrey Adjustments the Company Assets Cash and cash equivalents $ 176,700 $ - $ 176,700 Securities available for sale 22,027 (1,093 ) ( a ) 20,934 Loans held for investment, net of allowance and mark 251,944 (12,864 ) ( b ) 239,080 Premises and equipment 5,501 774 ( c ) 6,275 Other assets 10,787 (229 ) ( d ), ( e ) 10,558 Intangible assets - 12,700 ( f ) 12,700 Total assets $ 466,959 $ (712 ) $ 466,247 LIABILITIES Deposits: Noninterest-bearing $ 158,389 $ - $ 158,389 Interest-bearing 246,460 (1,214 ) ( g ) 245,246 Total deposits 404,849 (1,214 ) 403,635 Long term debt - - - Other liabilities 6,004 (381 ) ( h ) 5,623 Total liabilities 410,853 (1,595 ) 409,258 Net identifiable assets acquired over liabilities assumed 56,106 883 56,989 Goodwill - 14,381 14,381 Net assets acquired over liabilities assumed $ 56,106 $ 15,264 $ 71,370 Consideration: First Community Bankshares, Inc. common stock 2,996,786 Purchase price per share of the Company's common stock $ 23.81 Fair value of Company common stock issued 71,354 Cash paid for fractional shares 16 Fair Value of total consideration transferred $ 71,370 Explanation of fair value adjustments: (a) Adjustment reflects the fair value adjustment based on the Company's evaluation of the acquired investment portfolio. (b) Adjustment reflects the fair value adjustments of $(15.80) million based on the Company's evaluation of the acquired loan portfolio and excludes the allowance for credit losses and deferred loans fees of $2.94 million as recorded by Surrey. (c) Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired premises and equipment. (d) Adjustment reflects the fair value adjustment based on the Company's evaluation of stocks with other banks of $47 thousand. (e) Adjustment to record the deferred tax asset related to the fair value adjustments $(177) thousand. (f) Adjustment to record the core deposit intangible on the acquired deposit accounts. (g) Adjustment reflects the fair value adjustment based on the Company's evaluation of the time deposit portfolio. (h) Adjustment to reclass deferred tax asset $(99) thousand, goodwill $(282) thousand, federal income tax payable $(389) thousand, and state income tax payable $8 thousand. Comparative and Pro Forma Financial Information for Acquisitions The following table discloses the financial impact of the merger. The table presents certain pro forma information as if Surrey had been acquired on January 1, 2022. not January 1, 2022. No June 30, 2022 not ProForma Three months ended June 30, Six Months Ended June 30, (Dollars in thousands) 2023 2022 2023 2022 Total revenues (net interest income plus noninterest income) $ 41,647 $ 40,758 $ 79,642 $ 78,897 Net adjusted income available to the common shareholder $ 11,701 $ 12,926 $ 23,851 $ 23,981 |
Note 3 - Debt Securities
Note 3 - Debt Securities | 6 Months Ended |
Jun. 30, 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 June 30, 2023 not June 30, 2023 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 7,250 $ - $ (21 ) $ 7,229 U.S. Treasury Notes 181,670 3 (3,167 ) 178,506 Municipal securities 21,684 10 (245 ) 21,449 Corporate notes 28,551 - (2,088 ) 26,463 Agency mortgage-backed securities 93,401 1 (12,676 ) 80,726 Total $ 332,556 $ 14 $ (18,197 ) $ 314,373 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 June 30, 2023 Amortized (Amounts in thousands) Cost Fair Value Available-for-sale debt securities Due within one year $ 188,484 $ 185,298 Due after one year but within five years 48,727 46,419 Due after five years but within ten years 1,944 1,930 239,155 233,647 Agency mortgage-backed securities 93,401 80,726 Total debt securities available for sale $ 332,556 $ 314,373 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 June 30, 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 $ 7,228 $ (21 ) $ - $ - $ 7,228 $ (21 ) U.S. Treasury Notes 40,602 (84 ) 126,686 (3,083 ) 167,288 (3,167 ) Municipal securities 14,017 (189 ) 1,403 (56 ) 15,420 (245 ) Corporate notes - - 26,462 (2,088 ) 26,462 (2,088 ) Agency mortgage-backed securities 3,335 (204 ) 77,311 (12,472 ) 80,646 (12,676 ) Total $ 65,182 $ (498 ) $ 231,862 $ (17,699 ) $ 297,044 $ (18,197 ) 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 129 individual debt securities in an unrealized loss position as of June 30, 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 June 30, 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 Approximately $38.98 million in securities available for sale have been sold in the first six 2023 Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 (Amounts in thousands) Gross realized gains $ - $ - $ 7 $ - Gross realized losses (28 ) - (28 ) - Net Gain (Loss) on sale of securities $ (28 ) $ - $ (21 ) $ - The carrying amount of securities pledged for various purposes totaled $ as of June 30, 2023 , and $ as of December 31, 2022 . |
Note 4 - Loans
Note 4 - Loans | 6 Months Ended |
Jun. 30, 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 June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 In accordance with the adoption of ASU 2016 13, June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 (Amounts in thousands) Amount Percent Amount Percent Loans held for investment Commercial loans Construction, development, and other land $ 112,213 4.28 % $ 117,174 4.88 % Commercial and industrial 214,962 8.20 % 150,428 6.27 % Multi-family residential 164,017 6.26 % 148,026 6.17 % Single family non-owner occupied 228,363 8.71 % 206,121 8.59 % Non-farm, non-residential 904,777 34.52 % 787,703 32.82 % Agricultural 22,106 0.84 % 12,032 0.50 % Farmland 15,822 0.60 % 11,779 0.49 % Total commercial loans 1,662,260 63.41 % 1,433,263 59.72 % Consumer real estate loans Home equity lines 89,701 3.42 % 75,642 3.15 % Single family owner occupied 722,769 27.58 % 734,540 30.61 % Owner occupied construction 11,198 0.43 % 10,366 0.43 % Total consumer real estate loans 823,668 31.43 % 820,548 34.19 % Consumer and other loans Consumer loans 133,559 5.10 % 144,582 6.02 % Other 1,586 0.06 % 1,804 0.07 % Total consumer and other loans 135,145 5.16 % 146,386 6.09 % Total loans held for investment, net of unearned income $ 2,621,073 100.00 % $ 2,400,197 100.00 % |
Note 5 - Credit Quality
Note 5 - Credit Quality | 6 Months Ended |
Jun. 30, 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: June 30, 2023 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 111,532 $ 281 $ 400 $ - $ - $ 112,213 Commercial and industrial 209,472 2,244 2,021 1,225 - 214,962 Multi-family residential 160,317 3,502 198 - - 164,017 Single family non-owner occupied 218,324 2,245 7,794 - - 228,363 Non-farm, non-residential 875,138 18,850 10,789 - - 904,777 Agricultural 17,038 3,645 1,423 - - 22,106 Farmland 14,012 514 1,296 - - 15,822 Consumer real estate loans Home equity lines 86,530 691 2,480 - - 89,701 Single family owner occupied 695,594 2,435 24,716 24 - 722,769 Owner occupied construction 11,039 - 159 - - 11,198 Consumer and other loans Consumer loans 131,003 10 2,546 - - 133,559 Other 1,586 - - - - 1,586 Total loans $ 2,531,585 $ 34,417 $ 53,822 $ 1,249 $ - $ 2,621,073 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 June 30, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Construction, development and other land Pass $ 4,314 $ 63,451 $ 28,700 $ 4,329 $ 2,942 $ 5,629 $ 2,167 $ 111,532 Special Mention - - - 204 - 77 - 281 Substandard - - - - 188 212 - 400 Doubtful - - - - - - - - Loss - - - - - - - - Total construction, development, and other land $ 4,314 $ 63,451 $ 28,700 $ 4,533 $ 3,130 $ 5,918 $ 2,167 $ 112,213 Current period gross write-offs $ - $ - $ - $ - $ 13 $ - $ - $ 13 Commercial and industrial Pass $ 26,362 $ 72,027 $ 24,102 $ 14,600 $ 7,801 $ 16,084 $ 48,496 $ 209,472 Special Mention - 486 239 12 418 837 252 2,244 Substandard - 464 172 100 586 699 - 2,021 Doubtful - 1,225 - - - - - 1,225 Loss - - - - - - - - Total commercial and industrial $ 26,362 $ 74,202 $ 24,513 $ 14,712 $ 8,805 $ 17,620 $ 48,748 $ 214,962 Current period gross write-offs $ - $ 56 $ 91 $ 37 $ 32 $ - $ - $ 216 Multi-family residential Pass $ 1,293 $ 50,442 $ 30,672 $ 30,959 $ 3,660 $ 41,016 $ 2,275 $ 160,317 Special Mention - - - - - 3,502 - 3,502 Substandard - - - - - 198 - 198 Doubtful - - - - - - - - Loss - - - - - - - - Total multi-family residential $ 1,293 $ 50,442 $ 30,672 $ 30,959 $ 3,660 $ 44,716 $ 2,275 $ 164,017 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Non-farm, non-residential Pass $ 51,766 $ 241,912 $ 154,930 $ 121,650 $ 56,542 $ 235,998 $ 12,340 $ 875,138 Special Mention 65 592 3,506 1,066 158 13,463 - 18,850 Substandard - 244 1,099 531 3,264 5,419 232 10,789 Doubtful - - - - - - - - Loss - - - - - - - - Total non-farm, non-residential $ 51,831 $ 242,748 $ 159,535 $ 123,247 $ 59,964 $ 254,880 $ 12,572 $ 904,777 Current period gross write-offs $ - $ 8 $ - $ - $ - $ 2 $ - $ 10 Agricultural Pass $ 3,641 $ 5,308 $ 2,906 $ 872 $ 769 $ 2,889 $ 653 $ 17,038 Special Mention - 295 225 11 103 3,011 - 3,645 Substandard - - 32 9 1,372 10 - 1,423 Doubtful - - - - - - - - Loss - - - - - - - - Total agricultural $ 3,641 $ 5,603 $ 3,163 $ 892 $ 2,244 $ 5,910 $ 653 $ 22,106 Current period gross write-offs $ - $ 59 $ - $ - $ - $ 8 $ - $ 67 Farmland Pass $ 519 $ 1,647 $ 1,682 $ 972 $ 787 $ 7,442 $ 963 $ 14,012 Special Mention - - 107 11 - 396 - 514 Substandard - - - 11 - 1,285 - 1,296 Doubtful - - - - - - - - Loss - - - - - - - - Total farmland $ 519 $ 1,647 $ 1,789 $ 994 $ 787 $ 9,123 $ 963 $ 15,822 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at June 30, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Home equity lines Pass $ 81 $ 929 $ 123 $ 143 $ 70 $ 4,517 $ 80,667 $ 86,530 Special Mention - - - - - 40 651 691 Substandard - 12 - 27 35 1,380 1,026 2,480 Doubtful - - - - - - - - Loss - - - - - - - - Total home equity lines $ 81 $ 941 $ 123 $ 170 $ 105 $ 5,937 $ 82,344 $ 89,701 Current period gross write-offs $ - $ - $ - $ - $ - $ 154 $ - $ 154 Single family Mortgage Pass $ 30,711 $ 168,262 $ 231,284 $ 200,710 $ 47,925 $ 234,597 $ 429 $ 913,918 Special Mention - - 485 97 109 3,989 - 4,680 Substandard 107 453 1,307 1,207 1,202 28,234 - 32,510 Doubtful - - - - - 24 - 24 Loss - - - - - - - - Total single family owner and non-owner occupied $ 30,818 $ 168,715 $ 233,076 $ 202,014 $ 49,236 $ 266,844 $ 429 $ 951,132 Current period gross write-offs $ - $ - $ 47 $ - $ - $ 122 $ - $ 169 Owner occupied construction Pass $ 946 $ 7,487 $ 2,161 $ - $ 32 $ 413 $ - $ 11,039 Special Mention - - - - - - - - Substandard - - - 157 - 2 - 159 Doubtful - - - - - - - - Loss - - - - - - - - Total owner occupied construction $ 946 $ 7,487 $ 2,161 $ 157 $ 32 $ 415 $ - $ 11,198 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Consumer loans Pass $ 21,611 $ 56,667 $ 28,172 $ 11,166 $ 5,037 $ 1,649 $ 8,287 $ 132,589 Special Mention - - 4 - 4 1 1 10 Substandard 28 978 663 338 275 203 61 2,546 Doubtful - - - - - - - - Loss - - - - - - - - Total consumer loans $ 21,639 $ 57,645 $ 28,839 $ 11,504 $ 5,316 $ 1,853 $ 8,349 $ 135,145 Current period gross write-offs $ 423 $ 1,722 $ 1,241 $ 309 $ 130 $ 20 $ 89 $ 3,934 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at June 30, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Total Loans Pass $ 141,244 $ 668,132 $ 504,732 $ 385,401 $ 125,565 $ 550,234 $ 156,277 $ 2,531,585 Special Mention 65 1,373 4,566 1,401 792 25,316 904 34,417 Substandard 135 2,151 3,273 2,380 6,922 37,642 1,319 53,822 Doubtful - 1,225 - - - 24 - 1,249 Loss - - - - - - - - Total loans $ 141,444 $ 672,881 $ 512,571 $ 389,182 $ 133,279 $ 613,216 $ 158,500 $ 2,621,073 Current period gross write-offs $ 423 $ 1,845 $ 1,379 $ 346 $ 175 $ 306 $ 89 $ 4,563 (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 June 30, 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 $ 183 $ - $ 183 $ 31 $ - $ 31 Commercial and industrial 812 1,225 2,037 438 - 438 Multi-family residential 198 - 198 220 - 220 Single family non-owner occupied 991 - 991 984 - 984 Non-farm, non-residential 1,325 - 1,325 1,771 - 1,771 Agricultural 1,343 - 1,343 9 - 9 Farmland 123 - 123 133 - 133 Consumer real estate loans Home equity lines 859 - 859 400 - 400 Single family owner occupied 8,976 582 9,558 8,228 589 8,817 Owner occupied construction - - - - - - Consumer and other loans Consumer loans 2,011 - 2,011 2,405 - 2,405 Total nonaccrual loans $ 16,821 $ 1,807 $ 18,628 $ 14,619 $ 589 $ 15,208 There was no second six 2023 2022 The following tables presents the aging of past due loans, by loan class, as of the dates indicated. Nonaccrual loans 30 June 30, 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 $ - $ 7 $ 23 $ 30 $ 112,183 $ 112,213 $ - Commercial and industrial 1,203 150 576 1,929 213,033 214,962 - Multi-family residential 190 - - 190 163,827 164,017 - Single family non-owner occupied 391 391 109 891 227,472 228,363 - Non-farm, non-residential 784 73 403 1,260 903,517 904,777 - Agricultural 132 - 1,343 1,475 20,631 22,106 - Farmland 107 - - 107 15,715 15,822 - Consumer real estate loans Home equity lines 753 471 678 1,902 87,799 89,701 - Single family owner occupied 3,725 2,811 3,821 10,357 712,412 722,769 - Owner occupied construction 196 - - 196 11,002 11,198 - Consumer and other loans Consumer loans 3,971 1,195 801 5,967 127,592 133,559 - Other - - - - 1,586 1,586 - Total loans $ 11,452 $ 5,098 $ 7,754 $ 24,304 $ 2,596,769 $ 2,621,073 $ - 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 June 30, 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 1,225 375 30.61 % - - - Home equity loans - - - - - - Consumer owner occupied 582 582 100.00 % 589 574 97.45 % Consumer - - - - - - Total collateral dependent loans $ 1,807 $ 957 52.96 % $ 589 $ 574 97.45 % The Company may January 1, 2023, 2022 02, 326 2016 13, Payment Delays Amortized Cost Basis % of Total Class of June 30, 2023 Financing Receivable Financial Effect (Amounts in thousands) Single family owner occupied $ 404 0.056 % Deferred $6 thousand in principal to maturity Total $ 404 Term Extensions Amortized Cost Basis % of Total Class of June 30, 2023 Financing Receivable Financial Effect (Amounts in thousands) Consumer $ 8 0.006 % Extended term from 60 to 84 months Total $ 8 Principal Forgiveness Amortized Cost Basis % of Total Class of June 30, 2023 Financing Receivable Financial Effect (Amounts in thousands) Single family owner occupied $ 8 0.001 % Reduced amortized cost basis by $13 thousand Total $ 8 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 June 30, 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 June 30, 2023 Payment Status (Amortized Cost Basis) Current 30-89 Days Past Due 90+ Days Past Due (Amounts in thousands) Single family owner occupied $ 634 $ - $ - Consumer 8 - - Total $ 642 $ - $ - The Company did not 2022 02 January 1, 2023; not 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 June 30, Six Months Ended June 30, 2022 2022 (Amounts in thousands) Interest income recognized $ 105 $ 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 June 30, 2022 (Amounts in thousands) Total Contracts Pre-modification Recorded Investment Post-modification Recorded Investment(1) Below market interest rate Single family owner occupied 2 $ 238 $ 245 Total below market interest rate 2 $ 238 $ 245 Total 2 $ 238 $ 245 Six Months Ended June 30, 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 $ 31 Total below market interest rate 1 31 31 Below market interest rate and extended payment term Single family owner occupied 2 $ 238 $ 245 Total below market interest rate and extended payment term 2 $ 238 $ 245 Payment deferral Single family owner occupied - - - Non-farm, non-residential - - - Total payment deferral - $ - $ - Total 3 $ 269 $ 276 ( 1 Represents the loan balance immediately following modification As of June 30, 2022 one 12 The following table provides information about other real estate owned (“OREO”), which consists of properties acquired through foreclosure, as of the dates indicated: June 30, 2023 December 31, 2022 (Amounts in thousands) OREO $ 339 $ 703 OREO secured by residential real estate $ 139 $ 407 Residential real estate loans in the foreclosure process (1) $ 2,800 $ 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 | 6 Months Ended |
Jun. 30, 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 June 30, 2023 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Balance at beginning of quarter: Allowance for credit losses - loans $ 17,269 $ 8,995 $ 4,525 $ 30,789 Allowance for credit losses - loan commitments 786 150 28 964 Total allowance for credit losses beginning of year 18,055 9,145 4,553 31,753 Purchased credit deteriorated -Surrey acquisition 1,452 529 30 2,011 Provision for credit losses: Provision for credit losses - loans 2,349 380 1,376 4,105 Provision for credit losses - loan commitments - - - - Total provision for credit losses - loans and loan commitments 2,349 380 1,376 4,105 Charge-offs (133 ) (225 ) (1,635 ) (1,993 ) Recoveries 578 277 410 1,265 Net recoveries (charge-offs) 445 52 (1,225 ) (728 ) Allowance for credit losses - loans 21,515 9,956 4,706 36,177 Allowance for credit losses - loan commitments 786 150 28 964 Ending balance $ 22,301 $ 10,106 $ 4,734 $ 37,141 Three Months Ended June 30, 2022 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Balance at beginning of quarter: Allowance for credit losses - loans $ 15,896 $ 9,764 $ 3,321 $ 28,981 Allowance for credit losses - loan commitments 663 94 19 776 Total allowance for credit losses beginning of year 16,559 9,858 3,340 29,757 Provision for credit losses: Provision for credit losses - loans (808 ) 48 1,270 510 Provision (recovery of) for credit losses - loan commitments 191 (6 ) (5 ) 180 Total provision for credit losses - loans and loan commitments (617 ) 42 1,265 690 Charge-offs (151 ) (88 ) (1,230 ) (1,469 ) Recoveries 1,182 325 220 1,727 Net recoveries (charge-offs) 1,031 237 (1,010 ) 258 Allowance for credit losses - loans 16,119 10,049 3,581 29,749 Allowance for credit losses - loan commitments 854 88 14 956 Ending balance $ 16,973 $ 10,137 $ 3,595 $ 30,705 Six Months Ended June 30, 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 Purchased credit deteriorated -Surrey acquisition 1,452 529 30 2,011 Provision for credit losses: Provision for credit losses - loans 2,386 483 3,210 6,079 (Recovery of) provision for credit losses - loan commitments (232 ) (6 ) 6 (232 ) Total provision for credit losses - loans and loan commitments 2,154 477 3,216 5,847 Charge-offs (306 ) (323 ) (3,934 ) (4,563 ) Recoveries 770 336 988 2,094 Net recoveries (charge-offs) 464 13 (2,946 ) (2,469 ) Allowance for credit losses - loans 21,515 9,956 4,706 36,177 Allowance for credit losses - loan commitments 786 150 28 964 Ending balance $ 22,301 $ 10,106 $ 4,734 $ 37,141 Six Months Ended June 30, 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 300 (193 ) 2,364 2,471 (Recovery of) provision for credit losses - loan commitments 278 - - 278 Total provision for credit losses - loans and loan commitments 578 (193 ) 2,364 2,749 Charge-offs (408 ) (94 ) (2,269 ) (2,771 ) Recoveries 1,452 364 375 2,191 Net recoveries (charge-offs) 1,044 270 (1,894 ) (580 ) Allowance for credit losses - loans 16,119 10,049 3,581 29,749 Allowance for credit losses - loan commitments 854 88 14 956 Ending balance $ 16,973 $ 10,137 $ 3,595 $ 30,705 |
Note 7 - Deposits
Note 7 - Deposits | 6 Months Ended |
Jun. 30, 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: June 30, 2023 December 31, 2022 (Amounts in thousands) Noninterest-bearing demand deposits $ 974,995 $ 872,168 Interest-bearing deposits: Interest-bearing demand deposits 737,193 679,609 Money market accounts 289,431 264,734 Savings deposits 578,292 578,974 Certificates of deposit 178,279 180,008 Individual retirement accounts 94,488 103,322 Total interest-bearing deposits 1,877,683 1,806,647 Total deposits $ 2,852,678 $ 2,678,815 |
Note 9 - Borrowings
Note 9 - Borrowings | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 8 . Borrowings The following table presents the components of borrowings as of the dates indicated: June 30, 2023 December 31, 2022 Weighted Weighted (Amounts in thousands) Balance Average Rate Balance Average Rate Retail repurchase agreements $ 1,348 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 June 30, 2023 Unused borrowing capacity with the FHLB totaled $405.85 million, net of FHLB letters of credit of $113.99 million, as of June 30, 2023 June 30, 2023 |
Note 10 - Derivative Instrument
Note 10 - Derivative Instruments and Hedging Activities | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Note 9 . 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 has used interest rate swap contracts to modify its exposure to interest rate risk caused by changes in benchmark interest rates 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 Secured Overnight Financing Rate ("SOFR") plus a spread 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 the floating rate and the stated fixed rate. If SOFR is above the stated rate for a given period, the Company will receive payments based on the notional amount times the difference between the floating rate and the stated fixed rate. 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 June 30, 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: June 30, 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 $ 3,773 $ 204 $ - $ 3,983 $ 199 $ - Total derivatives $ 3,773 $ 204 $ - $ 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 June 30, Six Months Ended June 30, (Amounts in thousands) 2023 2022 2023 2022 Income Statement Location Derivatives designated as hedges Interest rate swaps $ (26 ) $ 19 $ (46 ) $ 44 Interest and fees on loans Derivatives not designated as hedges Interest rate swaps $ - $ 32 $ - $ 83 Interest and fees on loans Total derivative (income) expense $ (26 ) $ 51 $ (46 ) $ 127 |
Note 11 - Employee Benefit Plan
Note 11 - Employee Benefit Plans | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Compensation and Employee Benefit Plans [Text Block] | Note 10 . Employee Benefit Plans The Company maintains two 2021; Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Income Statement Location (Amounts in thousands) Service cost $ - $ - $ - $ - Salaries and employee benefits Interest cost 95 83 177 166 Other expense Amortization of prior service cost - - - - Other expense Amortization of losses 31 33 63 67 Other expense Net periodic cost $ 126 $ 116 $ 240 $ 233 |
Note 12 - Earnings Per Share
Note 12 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 11 . Earnings per Share The following table presents the calculation of basic and diluted earnings per common share for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 (Amounts in thousands, except share and per share data) Net income $ 9,814 $ 11,213 $ 21,596 $ 20,728 Adjust net income for fair value of restricted stock units (tax effected) 335 - 448 - Net income for fully dilutive earnings per common share $ 10,149 $ 11,213 $ 22,044 $ 20,728 Weighted average common shares outstanding, basic 18,407,078 16,662,817 17,323,706 16,739,624 Dilutive effect of potential common shares Stock options 9,656 13,068 12,938 15,266 Unvested stock awards - 6,169 6,825 17,123 Restricted stock units 14,864 561 20,009 834 Total dilutive effect of potential common shares 24,520 19,798 39,772 33,223 Weighted average common shares outstanding, diluted 18,431,598 16,682,615 17,363,478 16,772,847 Basic earnings per common share $ 0.53 $ 0.67 $ 1.25 $ 1.24 Diluted earnings per common share 0.55 0.67 1.26 1.24 Antidilutive potential common shares Stock options 143,676 143,676 143,676 131,198 Stock units 4,038 - 2,030 - Total potential antidilutive shares 147,714 143,676 145,706 131,198 |
Note 13 - Accumulated Other Com
Note 13 - Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 12 . 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 June 30, 2023 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ (13,127 ) $ (98 ) $ (13,225 ) Other comprehensive income before reclassifications (1,258 ) (24 ) (1,282 ) Reclassified from AOCI 22 24 46 Other comprehensive income, net (1,236 ) - (1,236 ) Ending balance $ (14,363 ) $ (98 ) $ (14,461 ) Three Months Ended June 30, 2022 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ (4,643 ) $ (1,869 ) $ (6,512 ) Other comprehensive loss before reclassifications (5,174 ) - (5,174 ) Reclassified from AOCI - 26 26 Other comprehensive loss, net (5,174 ) 26 (5,148 ) Ending balance $ (9,817 ) $ (1,843 ) $ (11,660 ) Six Months Ended June 30, 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 1,240 (50 ) 1,190 Reclassified from AOCI 18 50 68 Other comprehensive income, net 1,258 - 1,258 Ending balance $ (14,363 ) $ (98 ) $ (14,461 ) Six Months Ended June 30, 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 (9,832 ) (335 ) (10,167 ) Reclassified from AOCI - 53 53 Other comprehensive loss, net (9,832 ) (282 ) (10,114 ) Ending balance $ (9,817 ) $ (1,843 ) $ (11,660 ) The following table presents reclassifications out of AOCI, by component, during the periods indicated: Three Months Ended Six Months Ended June 30, June 30, Income Statement (Amounts in thousands) 2023 2022 2023 2022 Line Item Affected Available-for-sale securities Loss recognized $ 28 $ - $ 21 $ - Net loss on sale of securities Reclassified out of AOCI, before tax 28 - 21 - Income before income taxes Income tax expense 6 - 4 - Income tax expense Reclassified out of AOCI, net of tax 22 - 17 - Net income Employee benefit plans Amortization of prior service cost $ - $ - $ - $ - Salaries and employee benefits Amortization of net actuarial benefit cost 31 33 63 67 Salaries and employee benefits Reclassified out of AOCI, before tax 31 33 63 67 Income before income taxes Income tax expense 7 7 12 14 Income tax expense Reclassified out of AOCI, net of tax 24 26 51 53 Net income Total reclassified out of AOCI, net of tax $ 46 $ 26 $ 68 $ 53 Net income ( 1 Amortization is included in net periodic pension cost. See Note 10, |
Note 14 - Fair Value
Note 14 - Fair Value | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] | Note 13 . 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: June 30, 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 $ 7,229 $ - $ 7,229 $ - U.S. Treasury Notes 178,506 - 178,506 - Municipal securities 21,449 - 21,449 - Corporate Notes 26,463 26,463 Agency mortgage-backed securities 80,726 - 80,726 - Total available-for-sale debt securities 314,373 - 314,373 - Equity securities 55 - 55 - Fair value loans 3,569 - - 3,569 Derivative assets 204 - 204 - Deferred compensation assets 6,269 6,269 - - Deferred compensation liabilities 7,733 7,733 - - 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: June 30, 2023 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Collateral dependent assets with specific reserves $ 957 $ - $ - $ 957 OREO $ 339 $ - $ - $ 339 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 June 30, 2023 Collateral dependent assets with specific reserves Discounted appraisals(1) Appraisal adjustments(2) 10% to 82% (56%) OREO Discounted appraisals (1) Appraisal adjustments (2) 20% to 100% (81%) ( 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: June 30, 2023 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 152,660 $ 152,660 $ 152,660 $ - $ - Debt securities available for sale 314,373 314,373 - 314,373 - Equity securities 55 55 - 55 - Loans held for investment, net of allowance 2,584,896 2,411,647 - - 2,411,647 Derivative financial assets 204 204 - 204 - Interest receivable 10,185 10,185 - 10,185 - Deferred compensation assets 6,269 6,269 6,269 - - Liabilities Time deposits 272,767 257,012 - 257,012 - Securities sold under agreements to repurchase 1,348 1,348 - 1,348 - Interest payable 298 298 - 298 - Deferred compensation liabilities 7,733 7,733 7,733 - - 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 | 6 Months Ended |
Jun. 30, 2023 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 14 . 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: June 30, 2023 December 31, 2022 (Amounts in thousands) Commitments to extend credit $ 313,233 $ 278,926 Standby letters of credit and financial guarantees (1) 116,583 119,681 Total off-balance sheet risk $ 429,816 $ 398,607 ( 1 Includes FHLB letters of credit |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 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, 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 June 30, 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 When loans are acquired they are identified as either purchased credit deteriorated ("PCD") or non-PCD. PCD loans represent assets that are acquired with evidence of more than insignificant credit quality deterioration since the origination of the loans as of the acquisition date. The ACL for PCD assets is recognized within business combination accounting with no Non-PCD loans acquired are generally estimated at fair value using a discounted cash flow approach with assumptions of discount rate, remaining life, prepayments, probability of default, and loss given default. The actual cash flows on these loans could differ materially from the fair value estimates. The amount we record as the fair values for the loans is generally less than the contractual unpaid principal balance due from the borrowers, with the difference being referred to as the “discount” on the acquired loans. Discounts on acquired non-PCD loans are accreted to interest income over their estimated remaining lives, which may 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 June 30, 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 June 30, 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 2 - Divestitures (Tables)
Note 2 - Divestitures (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | As recorded by Fair Value As recorded by (Amounts in thousands) Surrey Adjustments the Company Assets Cash and cash equivalents $ 176,700 $ - $ 176,700 Securities available for sale 22,027 (1,093 ) ( a ) 20,934 Loans held for investment, net of allowance and mark 251,944 (12,864 ) ( b ) 239,080 Premises and equipment 5,501 774 ( c ) 6,275 Other assets 10,787 (229 ) ( d ), ( e ) 10,558 Intangible assets - 12,700 ( f ) 12,700 Total assets $ 466,959 $ (712 ) $ 466,247 LIABILITIES Deposits: Noninterest-bearing $ 158,389 $ - $ 158,389 Interest-bearing 246,460 (1,214 ) ( g ) 245,246 Total deposits 404,849 (1,214 ) 403,635 Long term debt - - - Other liabilities 6,004 (381 ) ( h ) 5,623 Total liabilities 410,853 (1,595 ) 409,258 Net identifiable assets acquired over liabilities assumed 56,106 883 56,989 Goodwill - 14,381 14,381 Net assets acquired over liabilities assumed $ 56,106 $ 15,264 $ 71,370 Consideration: First Community Bankshares, Inc. common stock 2,996,786 Purchase price per share of the Company's common stock $ 23.81 Fair value of Company common stock issued 71,354 Cash paid for fractional shares 16 Fair Value of total consideration transferred $ 71,370 |
Business Acquisition, Pro Forma Information [Table Text Block] | ProForma Three months ended June 30, Six Months Ended June 30, (Dollars in thousands) 2023 2022 2023 2022 Total revenues (net interest income plus noninterest income) $ 41,647 $ 40,758 $ 79,642 $ 78,897 Net adjusted income available to the common shareholder $ 11,701 $ 12,926 $ 23,851 $ 23,981 |
Note 3 - Debt Securities (Table
Note 3 - Debt Securities (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block] | June 30, 2023 Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Amounts in thousands) U.S. Agency securities $ 7,250 $ - $ (21 ) $ 7,229 U.S. Treasury Notes 181,670 3 (3,167 ) 178,506 Municipal securities 21,684 10 (245 ) 21,449 Corporate notes 28,551 - (2,088 ) 26,463 Agency mortgage-backed securities 93,401 1 (12,676 ) 80,726 Total $ 332,556 $ 14 $ (18,197 ) $ 314,373 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] | June 30, 2023 Amortized (Amounts in thousands) Cost Fair Value Available-for-sale debt securities Due within one year $ 188,484 $ 185,298 Due after one year but within five years 48,727 46,419 Due after five years but within ten years 1,944 1,930 239,155 233,647 Agency mortgage-backed securities 93,401 80,726 Total debt securities available for sale $ 332,556 $ 314,373 |
Schedule of Unrealized Loss on Investments [Table Text Block] | June 30, 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 $ 7,228 $ (21 ) $ - $ - $ 7,228 $ (21 ) U.S. Treasury Notes 40,602 (84 ) 126,686 (3,083 ) 167,288 (3,167 ) Municipal securities 14,017 (189 ) 1,403 (56 ) 15,420 (245 ) Corporate notes - - 26,462 (2,088 ) 26,462 (2,088 ) Agency mortgage-backed securities 3,335 (204 ) 77,311 (12,472 ) 80,646 (12,676 ) Total $ 65,182 $ (498 ) $ 231,862 $ (17,699 ) $ 297,044 $ (18,197 ) 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 ) |
Realized Gain (Loss) on Investments [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 (Amounts in thousands) Gross realized gains $ - $ - $ 7 $ - Gross realized losses (28 ) - (28 ) - Net Gain (Loss) on sale of securities $ (28 ) $ - $ (21 ) $ - |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, 2023 December 31, 2022 (Amounts in thousands) Amount Percent Amount Percent Loans held for investment Commercial loans Construction, development, and other land $ 112,213 4.28 % $ 117,174 4.88 % Commercial and industrial 214,962 8.20 % 150,428 6.27 % Multi-family residential 164,017 6.26 % 148,026 6.17 % Single family non-owner occupied 228,363 8.71 % 206,121 8.59 % Non-farm, non-residential 904,777 34.52 % 787,703 32.82 % Agricultural 22,106 0.84 % 12,032 0.50 % Farmland 15,822 0.60 % 11,779 0.49 % Total commercial loans 1,662,260 63.41 % 1,433,263 59.72 % Consumer real estate loans Home equity lines 89,701 3.42 % 75,642 3.15 % Single family owner occupied 722,769 27.58 % 734,540 30.61 % Owner occupied construction 11,198 0.43 % 10,366 0.43 % Total consumer real estate loans 823,668 31.43 % 820,548 34.19 % Consumer and other loans Consumer loans 133,559 5.10 % 144,582 6.02 % Other 1,586 0.06 % 1,804 0.07 % Total consumer and other loans 135,145 5.16 % 146,386 6.09 % Total loans held for investment, net of unearned income $ 2,621,073 100.00 % $ 2,400,197 100.00 % |
Note 5 - Credit Quality (Tables
Note 5 - Credit Quality (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Financing Receivable Credit Quality Indicators [Table Text Block] | June 30, 2023 Special (Amounts in thousands) Pass Mention Substandard Doubtful Loss Total Commercial loans Construction, development, and other land $ 111,532 $ 281 $ 400 $ - $ - $ 112,213 Commercial and industrial 209,472 2,244 2,021 1,225 - 214,962 Multi-family residential 160,317 3,502 198 - - 164,017 Single family non-owner occupied 218,324 2,245 7,794 - - 228,363 Non-farm, non-residential 875,138 18,850 10,789 - - 904,777 Agricultural 17,038 3,645 1,423 - - 22,106 Farmland 14,012 514 1,296 - - 15,822 Consumer real estate loans Home equity lines 86,530 691 2,480 - - 89,701 Single family owner occupied 695,594 2,435 24,716 24 - 722,769 Owner occupied construction 11,039 - 159 - - 11,198 Consumer and other loans Consumer loans 131,003 10 2,546 - - 133,559 Other 1,586 - - - - 1,586 Total loans $ 2,531,585 $ 34,417 $ 53,822 $ 1,249 $ - $ 2,621,073 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 June 30, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Construction, development and other land Pass $ 4,314 $ 63,451 $ 28,700 $ 4,329 $ 2,942 $ 5,629 $ 2,167 $ 111,532 Special Mention - - - 204 - 77 - 281 Substandard - - - - 188 212 - 400 Doubtful - - - - - - - - Loss - - - - - - - - Total construction, development, and other land $ 4,314 $ 63,451 $ 28,700 $ 4,533 $ 3,130 $ 5,918 $ 2,167 $ 112,213 Current period gross write-offs $ - $ - $ - $ - $ 13 $ - $ - $ 13 Commercial and industrial Pass $ 26,362 $ 72,027 $ 24,102 $ 14,600 $ 7,801 $ 16,084 $ 48,496 $ 209,472 Special Mention - 486 239 12 418 837 252 2,244 Substandard - 464 172 100 586 699 - 2,021 Doubtful - 1,225 - - - - - 1,225 Loss - - - - - - - - Total commercial and industrial $ 26,362 $ 74,202 $ 24,513 $ 14,712 $ 8,805 $ 17,620 $ 48,748 $ 214,962 Current period gross write-offs $ - $ 56 $ 91 $ 37 $ 32 $ - $ - $ 216 Multi-family residential Pass $ 1,293 $ 50,442 $ 30,672 $ 30,959 $ 3,660 $ 41,016 $ 2,275 $ 160,317 Special Mention - - - - - 3,502 - 3,502 Substandard - - - - - 198 - 198 Doubtful - - - - - - - - Loss - - - - - - - - Total multi-family residential $ 1,293 $ 50,442 $ 30,672 $ 30,959 $ 3,660 $ 44,716 $ 2,275 $ 164,017 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Non-farm, non-residential Pass $ 51,766 $ 241,912 $ 154,930 $ 121,650 $ 56,542 $ 235,998 $ 12,340 $ 875,138 Special Mention 65 592 3,506 1,066 158 13,463 - 18,850 Substandard - 244 1,099 531 3,264 5,419 232 10,789 Doubtful - - - - - - - - Loss - - - - - - - - Total non-farm, non-residential $ 51,831 $ 242,748 $ 159,535 $ 123,247 $ 59,964 $ 254,880 $ 12,572 $ 904,777 Current period gross write-offs $ - $ 8 $ - $ - $ - $ 2 $ - $ 10 Agricultural Pass $ 3,641 $ 5,308 $ 2,906 $ 872 $ 769 $ 2,889 $ 653 $ 17,038 Special Mention - 295 225 11 103 3,011 - 3,645 Substandard - - 32 9 1,372 10 - 1,423 Doubtful - - - - - - - - Loss - - - - - - - - Total agricultural $ 3,641 $ 5,603 $ 3,163 $ 892 $ 2,244 $ 5,910 $ 653 $ 22,106 Current period gross write-offs $ - $ 59 $ - $ - $ - $ 8 $ - $ 67 Farmland Pass $ 519 $ 1,647 $ 1,682 $ 972 $ 787 $ 7,442 $ 963 $ 14,012 Special Mention - - 107 11 - 396 - 514 Substandard - - - 11 - 1,285 - 1,296 Doubtful - - - - - - - - Loss - - - - - - - - Total farmland $ 519 $ 1,647 $ 1,789 $ 994 $ 787 $ 9,123 $ 963 $ 15,822 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at June 30, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Home equity lines Pass $ 81 $ 929 $ 123 $ 143 $ 70 $ 4,517 $ 80,667 $ 86,530 Special Mention - - - - - 40 651 691 Substandard - 12 - 27 35 1,380 1,026 2,480 Doubtful - - - - - - - - Loss - - - - - - - - Total home equity lines $ 81 $ 941 $ 123 $ 170 $ 105 $ 5,937 $ 82,344 $ 89,701 Current period gross write-offs $ - $ - $ - $ - $ - $ 154 $ - $ 154 Single family Mortgage Pass $ 30,711 $ 168,262 $ 231,284 $ 200,710 $ 47,925 $ 234,597 $ 429 $ 913,918 Special Mention - - 485 97 109 3,989 - 4,680 Substandard 107 453 1,307 1,207 1,202 28,234 - 32,510 Doubtful - - - - - 24 - 24 Loss - - - - - - - - Total single family owner and non-owner occupied $ 30,818 $ 168,715 $ 233,076 $ 202,014 $ 49,236 $ 266,844 $ 429 $ 951,132 Current period gross write-offs $ - $ - $ 47 $ - $ - $ 122 $ - $ 169 Owner occupied construction Pass $ 946 $ 7,487 $ 2,161 $ - $ 32 $ 413 $ - $ 11,039 Special Mention - - - - - - - - Substandard - - - 157 - 2 - 159 Doubtful - - - - - - - - Loss - - - - - - - - Total owner occupied construction $ 946 $ 7,487 $ 2,161 $ 157 $ 32 $ 415 $ - $ 11,198 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - Consumer loans Pass $ 21,611 $ 56,667 $ 28,172 $ 11,166 $ 5,037 $ 1,649 $ 8,287 $ 132,589 Special Mention - - 4 - 4 1 1 10 Substandard 28 978 663 338 275 203 61 2,546 Doubtful - - - - - - - - Loss - - - - - - - - Total consumer loans $ 21,639 $ 57,645 $ 28,839 $ 11,504 $ 5,316 $ 1,853 $ 8,349 $ 135,145 Current period gross write-offs $ 423 $ 1,722 $ 1,241 $ 309 $ 130 $ 20 $ 89 $ 3,934 (Amounts in thousands) Term Loans Amortized Cost Basis by Origination Year Balance at June 30, 2023 2023 2022 2021 2020 2019 Prior Revolving Total Total Loans Pass $ 141,244 $ 668,132 $ 504,732 $ 385,401 $ 125,565 $ 550,234 $ 156,277 $ 2,531,585 Special Mention 65 1,373 4,566 1,401 792 25,316 904 34,417 Substandard 135 2,151 3,273 2,380 6,922 37,642 1,319 53,822 Doubtful - 1,225 - - - 24 - 1,249 Loss - - - - - - - - Total loans $ 141,444 $ 672,881 $ 512,571 $ 389,182 $ 133,279 $ 613,216 $ 158,500 $ 2,621,073 Current period gross write-offs $ 423 $ 1,845 $ 1,379 $ 346 $ 175 $ 306 $ 89 $ 4,563 (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] | June 30, 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 $ 183 $ - $ 183 $ 31 $ - $ 31 Commercial and industrial 812 1,225 2,037 438 - 438 Multi-family residential 198 - 198 220 - 220 Single family non-owner occupied 991 - 991 984 - 984 Non-farm, non-residential 1,325 - 1,325 1,771 - 1,771 Agricultural 1,343 - 1,343 9 - 9 Farmland 123 - 123 133 - 133 Consumer real estate loans Home equity lines 859 - 859 400 - 400 Single family owner occupied 8,976 582 9,558 8,228 589 8,817 Owner occupied construction - - - - - - Consumer and other loans Consumer loans 2,011 - 2,011 2,405 - 2,405 Total nonaccrual loans $ 16,821 $ 1,807 $ 18,628 $ 14,619 $ 589 $ 15,208 |
Financing Receivable, Past Due [Table Text Block] | June 30, 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 $ - $ 7 $ 23 $ 30 $ 112,183 $ 112,213 $ - Commercial and industrial 1,203 150 576 1,929 213,033 214,962 - Multi-family residential 190 - - 190 163,827 164,017 - Single family non-owner occupied 391 391 109 891 227,472 228,363 - Non-farm, non-residential 784 73 403 1,260 903,517 904,777 - Agricultural 132 - 1,343 1,475 20,631 22,106 - Farmland 107 - - 107 15,715 15,822 - Consumer real estate loans Home equity lines 753 471 678 1,902 87,799 89,701 - Single family owner occupied 3,725 2,811 3,821 10,357 712,412 722,769 - Owner occupied construction 196 - - 196 11,002 11,198 - Consumer and other loans Consumer loans 3,971 1,195 801 5,967 127,592 133,559 - Other - - - - 1,586 1,586 - Total loans $ 11,452 $ 5,098 $ 7,754 $ 24,304 $ 2,596,769 $ 2,621,073 $ - 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] | June 30, 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 1,225 375 30.61 % - - - Home equity loans - - - - - - Consumer owner occupied 582 582 100.00 % 589 574 97.45 % Consumer - - - - - - Total collateral dependent loans $ 1,807 $ 957 52.96 % $ 589 $ 574 97.45 % |
Financing Receivable, Modified [Table Text Block] | Payment Delays Amortized Cost Basis % of Total Class of June 30, 2023 Financing Receivable Financial Effect (Amounts in thousands) Single family owner occupied $ 404 0.056 % Deferred $6 thousand in principal to maturity Total $ 404 Term Extensions Amortized Cost Basis % of Total Class of June 30, 2023 Financing Receivable Financial Effect (Amounts in thousands) Consumer $ 8 0.006 % Extended term from 60 to 84 months Total $ 8 Principal Forgiveness Amortized Cost Basis % of Total Class of June 30, 2023 Financing Receivable Financial Effect (Amounts in thousands) Single family owner occupied $ 8 0.001 % Reduced amortized cost basis by $13 thousand Total $ 8 June 30, 2023 Payment Status (Amortized Cost Basis) Current 30-89 Days Past Due 90+ Days Past Due (Amounts in thousands) Single family owner occupied $ 634 $ - $ - Consumer 8 - - Total $ 642 $ - $ - Three Months Ended June 30, 2022 (Amounts in thousands) Total Contracts Pre-modification Recorded Investment Post-modification Recorded Investment(1) Below market interest rate Single family owner occupied 2 $ 238 $ 245 Total below market interest rate 2 $ 238 $ 245 Total 2 $ 238 $ 245 Six Months Ended June 30, 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 $ 31 Total below market interest rate 1 31 31 Below market interest rate and extended payment term Single family owner occupied 2 $ 238 $ 245 Total below market interest rate and extended payment term 2 $ 238 $ 245 Payment deferral Single family owner occupied - - - Non-farm, non-residential - - - Total payment deferral - $ - $ - Total 3 $ 269 $ 276 |
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 June 30, Six Months Ended June 30, 2022 2022 (Amounts in thousands) Interest income recognized $ 105 $ 105 |
Other Real Estate Owned [Table Text Block] | June 30, 2023 December 31, 2022 (Amounts in thousands) OREO $ 339 $ 703 OREO secured by residential real estate $ 139 $ 407 Residential real estate loans in the foreclosure process (1) $ 2,800 $ 1,474 |
Note 6 - Allowance for Credit_2
Note 6 - Allowance for Credit Losses (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Three Months Ended June 30, 2023 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Balance at beginning of quarter: Allowance for credit losses - loans $ 17,269 $ 8,995 $ 4,525 $ 30,789 Allowance for credit losses - loan commitments 786 150 28 964 Total allowance for credit losses beginning of year 18,055 9,145 4,553 31,753 Purchased credit deteriorated -Surrey acquisition 1,452 529 30 2,011 Provision for credit losses: Provision for credit losses - loans 2,349 380 1,376 4,105 Provision for credit losses - loan commitments - - - - Total provision for credit losses - loans and loan commitments 2,349 380 1,376 4,105 Charge-offs (133 ) (225 ) (1,635 ) (1,993 ) Recoveries 578 277 410 1,265 Net recoveries (charge-offs) 445 52 (1,225 ) (728 ) Allowance for credit losses - loans 21,515 9,956 4,706 36,177 Allowance for credit losses - loan commitments 786 150 28 964 Ending balance $ 22,301 $ 10,106 $ 4,734 $ 37,141 Three Months Ended June 30, 2022 Consumer Real Consumer and Total (Amounts in thousands) Commercial Estate Other Allowance Total allowance Balance at beginning of quarter: Allowance for credit losses - loans $ 15,896 $ 9,764 $ 3,321 $ 28,981 Allowance for credit losses - loan commitments 663 94 19 776 Total allowance for credit losses beginning of year 16,559 9,858 3,340 29,757 Provision for credit losses: Provision for credit losses - loans (808 ) 48 1,270 510 Provision (recovery of) for credit losses - loan commitments 191 (6 ) (5 ) 180 Total provision for credit losses - loans and loan commitments (617 ) 42 1,265 690 Charge-offs (151 ) (88 ) (1,230 ) (1,469 ) Recoveries 1,182 325 220 1,727 Net recoveries (charge-offs) 1,031 237 (1,010 ) 258 Allowance for credit losses - loans 16,119 10,049 3,581 29,749 Allowance for credit losses - loan commitments 854 88 14 956 Ending balance $ 16,973 $ 10,137 $ 3,595 $ 30,705 Six Months Ended June 30, 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 Purchased credit deteriorated -Surrey acquisition 1,452 529 30 2,011 Provision for credit losses: Provision for credit losses - loans 2,386 483 3,210 6,079 (Recovery of) provision for credit losses - loan commitments (232 ) (6 ) 6 (232 ) Total provision for credit losses - loans and loan commitments 2,154 477 3,216 5,847 Charge-offs (306 ) (323 ) (3,934 ) (4,563 ) Recoveries 770 336 988 2,094 Net recoveries (charge-offs) 464 13 (2,946 ) (2,469 ) Allowance for credit losses - loans 21,515 9,956 4,706 36,177 Allowance for credit losses - loan commitments 786 150 28 964 Ending balance $ 22,301 $ 10,106 $ 4,734 $ 37,141 Six Months Ended June 30, 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 300 (193 ) 2,364 2,471 (Recovery of) provision for credit losses - loan commitments 278 - - 278 Total provision for credit losses - loans and loan commitments 578 (193 ) 2,364 2,749 Charge-offs (408 ) (94 ) (2,269 ) (2,771 ) Recoveries 1,452 364 375 2,191 Net recoveries (charge-offs) 1,044 270 (1,894 ) (580 ) Allowance for credit losses - loans 16,119 10,049 3,581 29,749 Allowance for credit losses - loan commitments 854 88 14 956 Ending balance $ 16,973 $ 10,137 $ 3,595 $ 30,705 |
Note 7 - Deposits (Tables)
Note 7 - Deposits (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | June 30, 2023 December 31, 2022 (Amounts in thousands) Noninterest-bearing demand deposits $ 974,995 $ 872,168 Interest-bearing deposits: Interest-bearing demand deposits 737,193 679,609 Money market accounts 289,431 264,734 Savings deposits 578,292 578,974 Certificates of deposit 178,279 180,008 Individual retirement accounts 94,488 103,322 Total interest-bearing deposits 1,877,683 1,806,647 Total deposits $ 2,852,678 $ 2,678,815 |
Note 9 - Borrowings (Tables)
Note 9 - Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | June 30, 2023 December 31, 2022 Weighted Weighted (Amounts in thousands) Balance Average Rate Balance Average Rate Retail repurchase agreements $ 1,348 0.06 % $ 1,874 0.07 % |
Note 10 - Derivative Instrume_2
Note 10 - Derivative Instruments and Hedging Activities (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | June 30, 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 $ 3,773 $ 204 $ - $ 3,983 $ 199 $ - Total derivatives $ 3,773 $ 204 $ - $ 3,983 $ 199 $ - |
Derivative Instruments, Gain (Loss) [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands) 2023 2022 2023 2022 Income Statement Location Derivatives designated as hedges Interest rate swaps $ (26 ) $ 19 $ (46 ) $ 44 Interest and fees on loans Derivatives not designated as hedges Interest rate swaps $ - $ 32 $ - $ 83 Interest and fees on loans Total derivative (income) expense $ (26 ) $ 51 $ (46 ) $ 127 |
Note 11 - Employee Benefit Pl_2
Note 11 - Employee Benefit Plans (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Net Benefit Costs [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Income Statement Location (Amounts in thousands) Service cost $ - $ - $ - $ - Salaries and employee benefits Interest cost 95 83 177 166 Other expense Amortization of prior service cost - - - - Other expense Amortization of losses 31 33 63 67 Other expense Net periodic cost $ 126 $ 116 $ 240 $ 233 |
Note 12 - Earnings Per Share (T
Note 12 - Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 (Amounts in thousands, except share and per share data) Net income $ 9,814 $ 11,213 $ 21,596 $ 20,728 Adjust net income for fair value of restricted stock units (tax effected) 335 - 448 - Net income for fully dilutive earnings per common share $ 10,149 $ 11,213 $ 22,044 $ 20,728 Weighted average common shares outstanding, basic 18,407,078 16,662,817 17,323,706 16,739,624 Dilutive effect of potential common shares Stock options 9,656 13,068 12,938 15,266 Unvested stock awards - 6,169 6,825 17,123 Restricted stock units 14,864 561 20,009 834 Total dilutive effect of potential common shares 24,520 19,798 39,772 33,223 Weighted average common shares outstanding, diluted 18,431,598 16,682,615 17,363,478 16,772,847 Basic earnings per common share $ 0.53 $ 0.67 $ 1.25 $ 1.24 Diluted earnings per common share 0.55 0.67 1.26 1.24 Antidilutive potential common shares Stock options 143,676 143,676 143,676 131,198 Stock units 4,038 - 2,030 - Total potential antidilutive shares 147,714 143,676 145,706 131,198 |
Note 13 - Accumulated Other C_2
Note 13 - Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Three Months Ended June 30, 2023 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ (13,127 ) $ (98 ) $ (13,225 ) Other comprehensive income before reclassifications (1,258 ) (24 ) (1,282 ) Reclassified from AOCI 22 24 46 Other comprehensive income, net (1,236 ) - (1,236 ) Ending balance $ (14,363 ) $ (98 ) $ (14,461 ) Three Months Ended June 30, 2022 Unrealized Gains (Losses) on Available- for-Sale Securities Employee Benefit Plans Total (Amounts in thousands) Beginning balance $ (4,643 ) $ (1,869 ) $ (6,512 ) Other comprehensive loss before reclassifications (5,174 ) - (5,174 ) Reclassified from AOCI - 26 26 Other comprehensive loss, net (5,174 ) 26 (5,148 ) Ending balance $ (9,817 ) $ (1,843 ) $ (11,660 ) Six Months Ended June 30, 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 1,240 (50 ) 1,190 Reclassified from AOCI 18 50 68 Other comprehensive income, net 1,258 - 1,258 Ending balance $ (14,363 ) $ (98 ) $ (14,461 ) Six Months Ended June 30, 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 (9,832 ) (335 ) (10,167 ) Reclassified from AOCI - 53 53 Other comprehensive loss, net (9,832 ) (282 ) (10,114 ) Ending balance $ (9,817 ) $ (1,843 ) $ (11,660 ) |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, Income Statement (Amounts in thousands) 2023 2022 2023 2022 Line Item Affected Available-for-sale securities Loss recognized $ 28 $ - $ 21 $ - Net loss on sale of securities Reclassified out of AOCI, before tax 28 - 21 - Income before income taxes Income tax expense 6 - 4 - Income tax expense Reclassified out of AOCI, net of tax 22 - 17 - Net income Employee benefit plans Amortization of prior service cost $ - $ - $ - $ - Salaries and employee benefits Amortization of net actuarial benefit cost 31 33 63 67 Salaries and employee benefits Reclassified out of AOCI, before tax 31 33 63 67 Income before income taxes Income tax expense 7 7 12 14 Income tax expense Reclassified out of AOCI, net of tax 24 26 51 53 Net income Total reclassified out of AOCI, net of tax $ 46 $ 26 $ 68 $ 53 Net income |
Note 14 - Fair Value (Tables)
Note 14 - Fair Value (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | June 30, 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 $ 7,229 $ - $ 7,229 $ - U.S. Treasury Notes 178,506 - 178,506 - Municipal securities 21,449 - 21,449 - Corporate Notes 26,463 26,463 Agency mortgage-backed securities 80,726 - 80,726 - Total available-for-sale debt securities 314,373 - 314,373 - Equity securities 55 - 55 - Fair value loans 3,569 - - 3,569 Derivative assets 204 - 204 - Deferred compensation assets 6,269 6,269 - - Deferred compensation liabilities 7,733 7,733 - - 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] | June 30, 2023 Total Fair Value Measurements Using Fair Value Level 1 Level 2 Level 3 (Amounts in thousands) Collateral dependent assets with specific reserves $ 957 $ - $ - $ 957 OREO $ 339 $ - $ - $ 339 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 June 30, 2023 Collateral dependent assets with specific reserves Discounted appraisals(1) Appraisal adjustments(2) 10% to 82% (56%) OREO Discounted appraisals (1) Appraisal adjustments (2) 20% to 100% (81%) 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] | June 30, 2023 Carrying Fair Value Measurements Using (Amounts in thousands) Amount Fair Value Level 1 Level 2 Level 3 Assets Cash and cash equivalents $ 152,660 $ 152,660 $ 152,660 $ - $ - Debt securities available for sale 314,373 314,373 - 314,373 - Equity securities 55 55 - 55 - Loans held for investment, net of allowance 2,584,896 2,411,647 - - 2,411,647 Derivative financial assets 204 204 - 204 - Interest receivable 10,185 10,185 - 10,185 - Deferred compensation assets 6,269 6,269 6,269 - - Liabilities Time deposits 272,767 257,012 - 257,012 - Securities sold under agreements to repurchase 1,348 1,348 - 1,348 - Interest payable 298 298 - 298 - Deferred compensation liabilities 7,733 7,733 7,733 - - 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) | 6 Months Ended |
Jun. 30, 2023 | |
Notes Tables | |
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block] | June 30, 2023 December 31, 2022 (Amounts in thousands) Commitments to extend credit $ 313,233 $ 278,926 Standby letters of credit and financial guarantees (1) 116,583 119,681 Total off-balance sheet risk $ 429,816 $ 398,607 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation (Details Textual) | 6 Months Ended | |||||
Jun. 30, 2023 USD ($) | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Jun. 30, 2022 USD ($) | 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 | $ 1,270,000 | |||||
Minimum Principal Balance of Loans for Quarterly Rating Review | 500,000 | |||||
Financing Receivable, Accrued Interest, after Allowance for Credit Loss | 8,910,000 | $ 7,940,000 | ||||
Off-Balance-Sheet, Credit Loss, Liability | 964,000 | $ 964,000 | $ 1,196,000 | $ 956,000 | $ 776,000 | $ 678,000 |
Other Liabilities [Member] | ||||||
Off-Balance-Sheet, Credit Loss, Liability | $ 964,000 |
Note 2 - Divestitures (Details
Note 2 - Divestitures (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||||
Apr. 21, 2023 USD ($) | Sep. 16, 2022 USD ($) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Nov. 18, 2022 | |||
Deposits, Total | $ 2,852,678 | $ 2,678,815 | [1] | $ 2,852,678 | ||||||
Interest-Bearing Domestic Deposit, Demand | 737,193 | 679,609 | 737,193 | |||||||
Interest-Bearing Domestic Deposit, Savings | 578,292 | 578,974 | 578,292 | |||||||
Business Combination, Acquisition Related Costs | 2,014 | $ 0 | 2,393 | $ 0 | ||||||
Goodwill | 143,946 | 129,565 | [1] | 143,946 | ||||||
Deferred Loan Fees | 7,980 | 8,810 | 7,980 | |||||||
Surrey [Member] | ||||||||||
Deposits, Total | $ 403,635 | |||||||||
Business Combination, Stock Conversion Ratio | 0.7159 | |||||||||
Business Combination, Consideration Transferred | 71,370 | |||||||||
Business Combination, Acquisition Related Costs | 2,990 | $ 596,000 | 2,390 | |||||||
Goodwill | 14,381 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | [2] | 12,700 | ||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans | 111,220 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contractual Cash Flows | 2,010 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Non Purchased Loans | 143,550 | |||||||||
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Loans Acqured | (15,800) | |||||||||
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Investment Securities | 47 | |||||||||
Surrey [Member] | Reclassification, Other [Member] | ||||||||||
Goodwill | 282 | |||||||||
Federal Income Payable | 389 | |||||||||
State Income Tax Payable | 8 | |||||||||
Provision for Loan and Lease Losses | $ 415 | $ 1,080 | ||||||||
Surrey [Member] | Recorded By Surrey [Member] | ||||||||||
Deposits, Total | 404,849 | |||||||||
Goodwill | 0 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | [2] | 0 | ||||||||
Deferred Loan Fees | 2,940 | |||||||||
Surrey [Member] | Fair Value Adjustments [Member] | ||||||||||
Deposits, Total | (1,214) | |||||||||
Goodwill | 14,381 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill | [2] | 12,700 | ||||||||
Deferred Tax Assets, Gross | 177 | |||||||||
Surrey [Member] | Scenario, Adjustment [Member] | Reclassification, Other [Member] | ||||||||||
Deferred Tax Assets, Gross | 99 | |||||||||
Surrey [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans | 101,420 | |||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Non Purchased Loans | $ 137,550 | |||||||||
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[2]Adjustment to record the core deposit intangible on the acquired deposit accounts. |
Note 2 - Divestitures - Surrey
Note 2 - Divestitures - Surrey Acquisition (Details) - USD ($) $ / shares in Units, $ in Thousands | Apr. 21, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | ||
Noninterest-bearing | $ 974,995 | $ 872,168 | |||
Interest-bearing | 1,877,683 | 1,806,647 | |||
Total deposits | 2,852,678 | 2,678,815 | [1] | ||
Goodwill | $ 143,946 | $ 129,565 | [1] | ||
Surrey [Member] | |||||
Cash and cash equivalents | $ 176,700 | ||||
Securities available for sale | [2] | 20,934 | |||
Loans held for investment, net of allowance and mark | [3] | 239,080 | |||
Premises and equipment | [4] | 6,275 | |||
Other assets | [5],[6] | 10,558 | |||
Intangible assets | [7] | 12,700 | |||
Total assets | 466,247 | ||||
Noninterest-bearing | 158,389 | ||||
Interest-bearing | [8] | 245,246 | |||
Total deposits | 403,635 | ||||
Long term debt | 0 | ||||
Other liabilities | [9] | 5,623 | |||
Total liabilities | 409,258 | ||||
Net identifiable assets acquired over liabilities assumed | 56,989 | ||||
Goodwill | 14,381 | ||||
Net assets acquired over liabilities assumed | $ 71,370 | ||||
First Community Bankshares, Inc. common stock (in shares) | 2,996,786 | ||||
Purchase price per share of the Company's common stock (in dollars per share) | $ 23.81 | ||||
Fair value of Company common stock issued | $ 71,354 | ||||
Cash paid for fractional shares | 16 | ||||
Fair Value of total consideration transferred | 71,370 | ||||
Surrey [Member] | Recorded By Surrey [Member] | |||||
Cash and cash equivalents | 176,700 | ||||
Securities available for sale | [2] | 22,027 | |||
Loans held for investment, net of allowance and mark | [3] | 251,944 | |||
Premises and equipment | [4] | 5,501 | |||
Other assets | [5],[6] | 10,787 | |||
Intangible assets | [7] | 0 | |||
Total assets | 466,959 | ||||
Noninterest-bearing | 158,389 | ||||
Interest-bearing | [8] | 246,460 | |||
Total deposits | 404,849 | ||||
Long term debt | 0 | ||||
Other liabilities | [9] | 6,004 | |||
Total liabilities | 410,853 | ||||
Net identifiable assets acquired over liabilities assumed | 56,106 | ||||
Goodwill | 0 | ||||
Net assets acquired over liabilities assumed | 56,106 | ||||
Surrey [Member] | Fair Value Adjustments [Member] | |||||
Cash and cash equivalents | 0 | ||||
Securities available for sale | [2] | (1,093) | |||
Loans held for investment, net of allowance and mark | [3] | (12,864) | |||
Premises and equipment | [4] | 774 | |||
Other assets | [5],[6] | (229) | |||
Intangible assets | [7] | 12,700 | |||
Total assets | (712) | ||||
Noninterest-bearing | 0 | ||||
Interest-bearing | [8] | (1,214) | |||
Total deposits | (1,214) | ||||
Long term debt | 0 | ||||
Other liabilities | [9] | (381) | |||
Total liabilities | (1,595) | ||||
Net identifiable assets acquired over liabilities assumed | 883 | ||||
Goodwill | 14,381 | ||||
Net assets acquired over liabilities assumed | $ 15,264 | ||||
[1]Derived from audited financial statements[2]Adjustment reflects the fair value adjustment based on the Company's evaluation of the acquired investment portfolio.[3]Adjustment reflects the fair value adjustments of $(15.80) million based on the Company's evaluation of the acquired loan portfolio and excludes the allowance for credit losses and deferred loans fees of $2.94 million as recorded by Surrey.[4]Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired premises and equipment.[5]Adjustment reflects the fair value adjustment based on the Company's evaluation of stocks with other banks of $47 thousand.[6]Adjustment to record the deferred tax asset related to the fair value adjustments $(177) thousand.[7]Adjustment to record the core deposit intangible on the acquired deposit accounts.[8]Adjustment reflects the fair value adjustment based on the Company's evaluation of the time deposit portfolio.[9]Adjustment to reclass deferred tax asset $(99) thousand, goodwill $(282) thousand, federal income tax payable $(389) thousand, and state income tax payable $8 thousand. |
Note 2 - Divestitures - Pro For
Note 2 - Divestitures - Pro Forma Information (Details) - Surrey [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Total revenues (net interest income plus noninterest income) | $ 41,647 | $ 40,758 | $ 79,642 | $ 78,897 |
Net adjusted income available to the common shareholder | $ 11,701 | $ 12,926 | $ 23,851 | $ 23,981 |
Note 3 - Debt Securities (Detai
Note 3 - Debt Securities (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Other-than-temporary Impairment Loss, Debt Securities, Portion Recognized in Earnings | $ 0 | ||||
Number of Securities in Unrealized Loss Position | 129 | 129 | 113 | ||
Percentage of Combined Depreciation of Combined Reported Value of Aggregate Securities Portfolio | 5.79% | 5.79% | 6.59% | ||
Proceeds from Sale of Debt Securities, Available-for-Sale | $ 38,979 | $ 0 | |||
Debt Securities, Available-for-Sale, Realized Gain (Loss) | $ (28) | $ 0 | (21) | $ 0 | |
Debt Securities, Available-for-Sale, Amortized Cost | 332,556 | 332,556 | $ 320,123 | ||
Asset Pledged as Collateral [Member] | |||||
Debt Securities, Available-for-Sale, Amortized Cost | 37,880 | 37,880 | $ 22,430 | ||
Surrey [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Securities | $ 20,930 | $ 20,930 |
Note 3 - Debt Securities - Secu
Note 3 - Debt Securities - Securities Available-for-sale (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | |
Securities available for sale, amortized cost | $ 332,556 | $ 320,123 | |
Securities available for sale, unrealized gains | 14 | 24 | |
Securities available for sale, unrealized losses | (18,197) | (19,798) | |
Securities available for sale, fair value | 314,373 | 300,349 | [1] |
US Government Agencies Debt Securities [Member] | |||
Securities available for sale, amortized cost | 7,250 | 1,500 | |
Securities available for sale, unrealized gains | 0 | 0 | |
Securities available for sale, unrealized losses | (21) | (15) | |
Securities available for sale, fair value | 7,229 | 1,485 | |
US Treasury Securities [Member] | |||
Securities available for sale, amortized cost | 181,670 | 161,617 | |
Securities available for sale, unrealized gains | 3 | 0 | |
Securities available for sale, unrealized losses | (3,167) | (4,353) | |
Securities available for sale, fair value | 178,506 | 157,264 | |
US States and Political Subdivisions Debt Securities [Member] | |||
Securities available for sale, amortized cost | 21,684 | 23,480 | |
Securities available for sale, unrealized gains | 10 | 21 | |
Securities available for sale, unrealized losses | (245) | (192) | |
Securities available for sale, fair value | 21,449 | 23,309 | |
Corporate Debt Securities [Member] | |||
Securities available for sale, amortized cost | 28,551 | 37,046 | |
Securities available for sale, unrealized gains | 0 | 0 | |
Securities available for sale, unrealized losses | (2,088) | (2,189) | |
Securities available for sale, fair value | 26,463 | 34,857 | |
Mortgage-backed Agency Securities [Member] | |||
Securities available for sale, amortized cost | 93,401 | 96,480 | |
Securities available for sale, unrealized gains | 1 | 3 | |
Securities available for sale, unrealized losses | (12,676) | (13,049) | |
Securities available for sale, fair value | $ 80,726 | $ 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 | Jun. 30, 2023 | Dec. 31, 2022 | |
Securities available for sale, due within one year, amortized cost | $ 188,484 | ||
Securities available for sale, due within one year, fair value | 185,298 | ||
Securities available for sale, due after one year but within five years, amortized cost | 48,727 | ||
Securities available for sale, due after one year but within five years, fair value | 46,419 | ||
Securities available for sale, due after five years but within ten years, amortized cost | 1,944 | ||
Securities available for sale, due after five years but within ten years, fair value | 1,930 | ||
Securities available for sale, single maturity date, amortized cost | 239,155 | ||
Securities available for sale, single maturity date, fair value | 233,647 | ||
Total debt securities available for sale, amortized cost | 332,556 | $ 320,123 | |
Total debt securities available for sale | 314,373 | $ 300,349 | [1] |
Collateralized Mortgage-Backed Securities [Member] | |||
Agency mortgage-backed securities, amortized cost | 93,401 | ||
Agency mortgage-backed securities, fair value | $ 80,726 | ||
[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 | Jun. 30, 2023 | Dec. 31, 2022 |
Securities available for sale, less than 12 months, fair value | $ 65,182 | $ 268,457 |
Securities available for sale, less than 12 months, unrealized losses | (498) | (15,556) |
Securities available for sale, 12 months or longer, fair value | 231,862 | 20,794 |
Securities available for sale, 12 months or longer, unrealized losses | (17,699) | (4,242) |
Securities available for sale, total fair value | 297,044 | 289,251 |
Securities available for sale, total unrealized losses | (18,197) | (19,798) |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 7,228 | 1,485 |
Securities available for sale, less than 12 months, unrealized losses | (21) | (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 | 7,228 | 1,485 |
Securities available for sale, total unrealized losses | (21) | (15) |
US Treasury Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 40,602 | 157,264 |
Securities available for sale, less than 12 months, unrealized losses | (84) | (4,353) |
Securities available for sale, 12 months or longer, fair value | 126,686 | 0 |
Securities available for sale, 12 months or longer, unrealized losses | (3,083) | 0 |
Securities available for sale, total fair value | 167,288 | 157,264 |
Securities available for sale, total unrealized losses | (3,167) | (4,353) |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 14,017 | 12,347 |
Securities available for sale, less than 12 months, unrealized losses | (189) | (192) |
Securities available for sale, 12 months or longer, fair value | 1,403 | 0 |
Securities available for sale, 12 months or longer, unrealized losses | (56) | 0 |
Securities available for sale, total fair value | 15,420 | 12,347 |
Securities available for sale, total unrealized losses | (245) | (192) |
Corporate Debt Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 0 | 32,368 |
Securities available for sale, less than 12 months, unrealized losses | 0 | (2,172) |
Securities available for sale, 12 months or longer, fair value | 26,462 | 2,489 |
Securities available for sale, 12 months or longer, unrealized losses | (2,088) | (17) |
Securities available for sale, total fair value | 26,462 | 34,857 |
Securities available for sale, total unrealized losses | (2,088) | (2,189) |
Mortgage-backed Agency Securities [Member] | ||
Securities available for sale, less than 12 months, fair value | 3,335 | 64,993 |
Securities available for sale, less than 12 months, unrealized losses | (204) | (8,824) |
Securities available for sale, 12 months or longer, fair value | 77,311 | 18,305 |
Securities available for sale, 12 months or longer, unrealized losses | (12,472) | (4,225) |
Securities available for sale, total fair value | 80,646 | 83,298 |
Securities available for sale, total unrealized losses | $ (12,676) | $ (13,049) |
Note 3 - Debt Securities - Gros
Note 3 - Debt Securities - Gross Realized Gains and Losses from Sale of Available-for-sale Debt Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Gross realized gains | $ 0 | $ 0 | $ 7 | $ 0 |
Gross realized losses | (28) | 0 | (28) | 0 |
Net Gain (Loss) on sale of securities | $ (28) | $ 0 | $ (21) | $ 0 |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Bank Overdrafts | $ 1,590 | $ 1,800 |
Deferred Loan Fees | 7,980 | 8,810 |
Financing Receivable, Unamortized Purchase Premium (Discount) | (16,950) | (3,800) |
Financing Receivable, Accrued Interest, after Allowance for Credit Loss | $ 8,910 | $ 7,940 |
Note 4 - Loans - Loans by Class
Note 4 - Loans - Loans by Class (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Non-covered loans | $ 2,621,073 | $ 2,400,197 |
Non-covered loans, percent | 100% | 100% |
Commercial Portfolio Segment [Member] | ||
Non-covered loans | $ 1,662,260 | $ 1,433,263 |
Non-covered loans, percent | 63.41% | 59.72% |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Non-covered loans | $ 112,213 | $ 117,174 |
Non-covered loans, percent | 4.28% | 4.88% |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Non-covered loans | $ 214,962 | $ 150,428 |
Non-covered loans, percent | 8.20% | 6.27% |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Non-covered loans | $ 164,017 | $ 148,026 |
Non-covered loans, percent | 6.26% | 6.17% |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered loans | $ 228,363 | $ 206,121 |
Non-covered loans, percent | 8.71% | 8.59% |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Non-covered loans | $ 904,777 | $ 787,703 |
Non-covered loans, percent | 34.52% | 32.82% |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Non-covered loans | $ 22,106 | $ 12,032 |
Non-covered loans, percent | 0.84% | 0.50% |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Non-covered loans | $ 15,822 | $ 11,779 |
Non-covered loans, percent | 0.60% | 0.49% |
Consumer Real Estate Portfolio Segment [Member] | ||
Non-covered loans | $ 823,668 | $ 820,548 |
Non-covered loans, percent | 31.43% | 34.19% |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Non-covered loans | $ 89,701 | $ 75,642 |
Non-covered loans, percent | 3.42% | 3.15% |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Non-covered loans | $ 722,769 | $ 734,540 |
Non-covered loans, percent | 27.58% | 30.61% |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Non-covered loans | $ 11,198 | $ 10,366 |
Non-covered loans, percent | 0.43% | 0.43% |
Consumer and Other Portfolio Segment [Member] | ||
Non-covered loans | $ 135,145 | $ 146,386 |
Non-covered loans, percent | 5.16% | 6.09% |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Non-covered loans | $ 133,559 | $ 144,582 |
Non-covered loans, percent | 5.10% | 6.02% |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | ||
Non-covered loans | $ 1,586 | $ 1,804 |
Non-covered loans, percent | 0.06% | 0.07% |
Note 5 - Credit Quality (Detail
Note 5 - Credit Quality (Details Textual) Pure in Thousands, $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 USD ($) | Jun. 30, 2023 | |
Financing Receivable, Modified, Number of Loans Uncollectible | 0 | |
Financing Receivable, Modified, Subsequent Default | $ 39 |
Note 5 - Credit Quality - Loans
Note 5 - Credit Quality - Loans by Credit Quality (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Non-covered loans | $ 2,621,073 | $ 2,621,073 | $ 2,400,197 | ||
Originated in current year | 141,444 | 141,444 | 636,803 | ||
Originated in one year prior | 672,881 | 672,881 | 519,052 | ||
Originated in two years prior | 512,571 | 512,571 | 391,570 | ||
Originated in three years prior | 389,182 | 389,182 | 130,861 | ||
Originated in four years prior | 133,279 | 133,279 | 96,385 | ||
Prior | 613,216 | 613,216 | 524,791 | ||
Revolving | 158,500 | 158,500 | 100,735 | ||
Total loan | 2,400,197 | ||||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 423 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 1,845 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 1,379 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 346 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 175 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 306 | ||||
Financing Receivable, Revolving, Writeoff | 89 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 1,993 | $ 1,469 | 4,563 | $ 2,771 | |
Total loans held for investment, net of unearned income | 2,621,073 | 2,621,073 | |||
Pass [Member] | |||||
Non-covered loans | 2,531,585 | 2,531,585 | 2,319,331 | ||
Originated in current year | 141,244 | 141,244 | 634,980 | ||
Originated in one year prior | 668,132 | 668,132 | 512,743 | ||
Originated in two years prior | 504,732 | 504,732 | 388,129 | ||
Originated in three years prior | 385,401 | 385,401 | 123,998 | ||
Originated in four years prior | 125,565 | 125,565 | 88,762 | ||
Prior | 550,234 | 550,234 | 471,459 | ||
Revolving | 156,277 | 156,277 | 99,260 | ||
Total loan | 2,319,331 | ||||
Total loans held for investment, net of unearned income | 2,531,585 | 2,531,585 | |||
Special Mention [Member] | |||||
Non-covered loans | 34,417 | 34,417 | 25,802 | ||
Originated in current year | 65 | 65 | 227 | ||
Originated in one year prior | 1,373 | 1,373 | 2,695 | ||
Originated in two years prior | 4,566 | 4,566 | 977 | ||
Originated in three years prior | 1,401 | 1,401 | 1,929 | ||
Originated in four years prior | 792 | 792 | 3,471 | ||
Prior | 25,316 | 25,316 | 16,086 | ||
Revolving | 904 | 904 | 417 | ||
Total loan | 25,802 | ||||
Total loans held for investment, net of unearned income | 34,417 | 34,417 | |||
Substandard [Member] | |||||
Non-covered loans | 53,822 | 53,822 | 55,064 | ||
Originated in current year | 135 | 135 | 1,596 | ||
Originated in one year prior | 2,151 | 2,151 | 3,614 | ||
Originated in two years prior | 3,273 | 3,273 | 2,464 | ||
Originated in three years prior | 2,380 | 2,380 | 4,934 | ||
Originated in four years prior | 6,922 | 6,922 | 4,152 | ||
Prior | 37,642 | 37,642 | 37,246 | ||
Revolving | 1,319 | 1,319 | 1,058 | ||
Total loan | 55,064 | ||||
Total loans held for investment, net of unearned income | 53,822 | 53,822 | |||
Doubtful [Member] | |||||
Non-covered loans | 1,249 | 1,249 | 0 | ||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 1,225 | 1,225 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 24 | 24 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | ||||
Total loans held for investment, net of unearned income | 1,249 | 1,249 | |||
Unlikely to be Collected Financing Receivable [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | ||||
Total loans held for investment, net of unearned income | 0 | 0 | |||
Commercial Portfolio Segment [Member] | |||||
Non-covered loans | 1,662,260 | 1,662,260 | 1,433,263 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 133 | 151 | 306 | 408 | |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | |||||
Non-covered loans | 112,213 | 112,213 | 117,174 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||||
Non-covered loans | 214,962 | 214,962 | 150,428 | ||
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | |||||
Non-covered loans | 164,017 | 164,017 | 148,026 | ||
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | |||||
Non-covered loans | 228,363 | 228,363 | 206,121 | ||
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | |||||
Non-covered loans | 904,777 | 904,777 | 787,703 | ||
Commercial Portfolio Segment [Member] | Agricultural [Member] | |||||
Non-covered loans | 22,106 | 22,106 | 12,032 | ||
Commercial Portfolio Segment [Member] | Farmland [Member] | |||||
Non-covered loans | 15,822 | 15,822 | 11,779 | ||
Commercial Portfolio Segment [Member] | Pass [Member] | Construction, Development and Other Land [Member] | |||||
Non-covered loans | 111,532 | 111,532 | 115,972 | ||
Commercial Portfolio Segment [Member] | Pass [Member] | Commercial and Industrial [Member] | |||||
Non-covered loans | 209,472 | 209,472 | 147,543 | ||
Commercial Portfolio Segment [Member] | Pass [Member] | Multi-family Residential [Member] | |||||
Non-covered loans | 160,317 | 160,317 | 143,859 | ||
Commercial Portfolio Segment [Member] | Pass [Member] | Single Family Non-owner Occupied [Member] | |||||
Non-covered loans | 218,324 | 218,324 | 195,775 | ||
Commercial Portfolio Segment [Member] | Pass [Member] | Non-farm, Non-residential [Member] | |||||
Non-covered loans | 875,138 | 875,138 | 761,154 | ||
Commercial Portfolio Segment [Member] | Pass [Member] | Agricultural [Member] | |||||
Non-covered loans | 17,038 | 17,038 | 11,722 | ||
Commercial Portfolio Segment [Member] | Pass [Member] | Farmland [Member] | |||||
Non-covered loans | 14,012 | 14,012 | 9,868 | ||
Commercial Portfolio Segment [Member] | Special Mention [Member] | Construction, Development and Other Land [Member] | |||||
Non-covered loans | 281 | 281 | 853 | ||
Commercial Portfolio Segment [Member] | Special Mention [Member] | Commercial and Industrial [Member] | |||||
Non-covered loans | 2,244 | 2,244 | 920 | ||
Commercial Portfolio Segment [Member] | Special Mention [Member] | Multi-family Residential [Member] | |||||
Non-covered loans | 3,502 | 3,502 | 3,946 | ||
Commercial Portfolio Segment [Member] | Special Mention [Member] | Single Family Non-owner Occupied [Member] | |||||
Non-covered loans | 2,245 | 2,245 | 2,303 | ||
Commercial Portfolio Segment [Member] | Special Mention [Member] | Non-farm, Non-residential [Member] | |||||
Non-covered loans | 18,850 | 18,850 | 14,903 | ||
Commercial Portfolio Segment [Member] | Special Mention [Member] | Agricultural [Member] | |||||
Non-covered loans | 3,645 | 3,645 | 47 | ||
Commercial Portfolio Segment [Member] | Special Mention [Member] | Farmland [Member] | |||||
Non-covered loans | 514 | 514 | 573 | ||
Commercial Portfolio Segment [Member] | Substandard [Member] | Construction, Development and Other Land [Member] | |||||
Non-covered loans | 400 | 400 | 349 | ||
Commercial Portfolio Segment [Member] | Substandard [Member] | Commercial and Industrial [Member] | |||||
Non-covered loans | 2,021 | 2,021 | 1,965 | ||
Commercial Portfolio Segment [Member] | Substandard [Member] | Multi-family Residential [Member] | |||||
Non-covered loans | 198 | 198 | 221 | ||
Commercial Portfolio Segment [Member] | Substandard [Member] | Single Family Non-owner Occupied [Member] | |||||
Non-covered loans | 7,794 | 7,794 | 8,043 | ||
Commercial Portfolio Segment [Member] | Substandard [Member] | Non-farm, Non-residential [Member] | |||||
Non-covered loans | 10,789 | 10,789 | 11,646 | ||
Commercial Portfolio Segment [Member] | Substandard [Member] | Agricultural [Member] | |||||
Non-covered loans | 1,423 | 1,423 | 263 | ||
Commercial Portfolio Segment [Member] | Substandard [Member] | Farmland [Member] | |||||
Non-covered loans | 1,296 | 1,296 | 1,338 | ||
Commercial Portfolio Segment [Member] | Doubtful [Member] | Construction, Development and Other Land [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Doubtful [Member] | Commercial and Industrial [Member] | |||||
Non-covered loans | 1,225 | 1,225 | 0 | ||
Commercial Portfolio Segment [Member] | Doubtful [Member] | Multi-family Residential [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Doubtful [Member] | Single Family Non-owner Occupied [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Doubtful [Member] | Non-farm, Non-residential [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Doubtful [Member] | Agricultural [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Doubtful [Member] | Farmland [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Construction, Development and Other Land [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial and Industrial [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Multi-family Residential [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Single Family Non-owner Occupied [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Non-farm, Non-residential [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Agricultural [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Farmland [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | |||||
Non-covered loans | 112,213 | 112,213 | 117,174 | ||
Originated in current year | 4,314 | 4,314 | 58,770 | ||
Originated in one year prior | 63,451 | 63,451 | 40,220 | ||
Originated in two years prior | 28,700 | 28,700 | 4,869 | ||
Originated in three years prior | 4,533 | 4,533 | 3,121 | ||
Originated in four years prior | 3,130 | 3,130 | 2,590 | ||
Prior | 5,918 | 5,918 | 6,142 | ||
Revolving | 2,167 | 2,167 | 1,462 | ||
Total loan | 112,213 | 112,213 | 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 | 4,314 | 4,314 | 58,770 | ||
Originated in one year prior | 63,451 | 63,451 | 39,995 | ||
Originated in two years prior | 28,700 | 28,700 | 4,602 | ||
Originated in three years prior | 4,329 | 4,329 | 3,050 | ||
Originated in four years prior | 2,942 | 2,942 | 2,485 | ||
Prior | 5,629 | 5,629 | 5,608 | ||
Revolving | 2,167 | 2,167 | 1,462 | ||
Total loan | 111,532 | 111,532 | 115,972 | ||
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Special Mention [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 225 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 204 | 204 | 0 | ||
Originated in four years prior | 0 | 0 | 94 | ||
Prior | 77 | 77 | 534 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 281 | 281 | 853 | ||
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Substandard [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 267 | ||
Originated in three years prior | 0 | 0 | 71 | ||
Originated in four years prior | 188 | 188 | 11 | ||
Prior | 212 | 212 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 400 | 400 | 349 | ||
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Doubtful [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | 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 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | |||||
Non-covered loans | 214,962 | 214,962 | 150,428 | ||
Originated in current year | 26,362 | 26,362 | 70,035 | ||
Originated in one year prior | 74,202 | 74,202 | 23,878 | ||
Originated in two years prior | 24,513 | 24,513 | 12,182 | ||
Originated in three years prior | 14,712 | 14,712 | 8,716 | ||
Originated in four years prior | 8,805 | 8,805 | 9,498 | ||
Prior | 17,620 | 17,620 | 9,688 | ||
Revolving | 48,748 | 48,748 | 16,431 | ||
Total loan | 214,962 | 214,962 | 150,428 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 0 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 56 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 91 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 37 | ||||
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 | 216 | ||||
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Pass [Member] | |||||
Originated in current year | 26,362 | 26,362 | 69,678 | ||
Originated in one year prior | 72,027 | 72,027 | 23,746 | ||
Originated in two years prior | 24,102 | 24,102 | 12,047 | ||
Originated in three years prior | 14,600 | 14,600 | 7,729 | ||
Originated in four years prior | 7,801 | 7,801 | 9,121 | ||
Prior | 16,084 | 16,084 | 8,890 | ||
Revolving | 48,496 | 48,496 | 16,332 | ||
Total loan | 209,472 | 209,472 | 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 | 0 | 227 | ||
Originated in one year prior | 486 | 486 | 20 | ||
Originated in two years prior | 239 | 239 | 21 | ||
Originated in three years prior | 12 | 12 | 367 | ||
Originated in four years prior | 418 | 418 | 185 | ||
Prior | 837 | 837 | 1 | ||
Revolving | 252 | 252 | 99 | ||
Total loan | 2,244 | 2,244 | 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 | 0 | 130 | ||
Originated in one year prior | 464 | 464 | 112 | ||
Originated in two years prior | 172 | 172 | 114 | ||
Originated in three years prior | 100 | 100 | 620 | ||
Originated in four years prior | 586 | 586 | 192 | ||
Prior | 699 | 699 | 797 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 2,021 | 2,021 | 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 | 0 | ||
Originated in one year prior | 1,225 | 1,225 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 1,225 | 1,225 | 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 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | 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 | 164,017 | 164,017 | 148,026 | ||
Originated in current year | 1,293 | 1,293 | 45,261 | ||
Originated in one year prior | 50,442 | 50,442 | 20,881 | ||
Originated in two years prior | 30,672 | 30,672 | 31,087 | ||
Originated in three years prior | 30,959 | 30,959 | 3,733 | ||
Originated in four years prior | 3,660 | 3,660 | 1,328 | ||
Prior | 44,716 | 44,716 | 45,230 | ||
Revolving | 2,275 | 2,275 | 506 | ||
Total loan | 164,017 | 164,017 | 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 | 1,293 | 1,293 | 218,595 | ||
Originated in one year prior | 50,442 | 50,442 | 145,675 | ||
Originated in two years prior | 30,672 | 30,672 | 114,840 | ||
Originated in three years prior | 30,959 | 30,959 | 52,575 | ||
Originated in four years prior | 3,660 | 3,660 | 35,564 | ||
Prior | 41,016 | 41,016 | 185,448 | ||
Revolving | 2,275 | 2,275 | 8,457 | ||
Total loan | 160,317 | 160,317 | 761,154 | ||
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Special Mention [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 1,927 | ||
Originated in two years prior | 0 | 0 | 852 | ||
Originated in three years prior | 0 | 0 | 1,193 | ||
Originated in four years prior | 0 | 0 | 2,708 | ||
Prior | 3,502 | 3,502 | 8,076 | ||
Revolving | 0 | 0 | 147 | ||
Total loan | 3,502 | 3,502 | 14,903 | ||
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Substandard [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 1,267 | ||
Originated in two years prior | 0 | 0 | 675 | ||
Originated in three years prior | 0 | 0 | 2,509 | ||
Originated in four years prior | 0 | 0 | 1,531 | ||
Prior | 198 | 198 | 5,664 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 198 | 198 | 11,646 | ||
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Doubtful [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | |||||
Non-covered loans | 904,777 | 904,777 | 787,703 | ||
Originated in current year | 51,831 | 51,831 | 218,595 | ||
Originated in one year prior | 242,748 | 242,748 | 148,869 | ||
Originated in two years prior | 159,535 | 159,535 | 116,367 | ||
Originated in three years prior | 123,247 | 123,247 | 56,277 | ||
Originated in four years prior | 59,964 | 59,964 | 39,803 | ||
Prior | 254,880 | 254,880 | 199,188 | ||
Revolving | 12,572 | 12,572 | 8,604 | ||
Total loan | 904,777 | 904,777 | 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 | 51,766 | 51,766 | 6,244 | ||
Originated in one year prior | 241,912 | 241,912 | 3,225 | ||
Originated in two years prior | 154,930 | 154,930 | 1,003 | ||
Originated in three years prior | 121,650 | 121,650 | 376 | ||
Originated in four years prior | 56,542 | 56,542 | 154 | ||
Prior | 235,998 | 235,998 | 214 | ||
Revolving | 12,340 | 12,340 | 506 | ||
Total loan | 875,138 | 875,138 | 11,722 | ||
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Special Mention [Member] | |||||
Originated in current year | 65 | 65 | 0 | ||
Originated in one year prior | 592 | 592 | 33 | ||
Originated in two years prior | 3,506 | 3,506 | 14 | ||
Originated in three years prior | 1,066 | 1,066 | 0 | ||
Originated in four years prior | 158 | 158 | 0 | ||
Prior | 13,463 | 13,463 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 18,850 | 18,850 | 47 | ||
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Substandard [Member] | |||||
Originated in current year | 0 | 0 | 124 | ||
Originated in one year prior | 244 | 244 | 37 | ||
Originated in two years prior | 1,099 | 1,099 | 1 | ||
Originated in three years prior | 531 | 531 | 66 | ||
Originated in four years prior | 3,264 | 3,264 | 24 | ||
Prior | 5,419 | 5,419 | 11 | ||
Revolving | 232 | 232 | 0 | ||
Total loan | 10,789 | 10,789 | 263 | ||
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Doubtful [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Agricultural [Member] | |||||
Non-covered loans | 22,106 | 22,106 | 12,032 | ||
Originated in current year | 3,641 | 3,641 | 6,368 | ||
Originated in one year prior | 5,603 | 5,603 | 3,295 | ||
Originated in two years prior | 3,163 | 3,163 | 1,018 | ||
Originated in three years prior | 892 | 892 | 442 | ||
Originated in four years prior | 2,244 | 2,244 | 178 | ||
Prior | 5,910 | 5,910 | 225 | ||
Revolving | 653 | 653 | 506 | ||
Total loan | 22,106 | 22,106 | 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 | 8 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 67 | ||||
Commercial Portfolio Segment [Member] | Agricultural [Member] | Pass [Member] | |||||
Originated in current year | 3,641 | 3,641 | 646 | ||
Originated in one year prior | 5,308 | 5,308 | 713 | ||
Originated in two years prior | 2,906 | 2,906 | 796 | ||
Originated in three years prior | 872 | 872 | 77 | ||
Originated in four years prior | 769 | 769 | 869 | ||
Prior | 2,889 | 2,889 | 6,150 | ||
Revolving | 653 | 653 | 617 | ||
Total loan | 17,038 | 17,038 | 9,868 | ||
Commercial Portfolio Segment [Member] | Agricultural [Member] | Special Mention [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 295 | 295 | 109 | ||
Originated in two years prior | 225 | 225 | 0 | ||
Originated in three years prior | 11 | 11 | 0 | ||
Originated in four years prior | 103 | 103 | 222 | ||
Prior | 3,011 | 3,011 | 242 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 3,645 | 3,645 | 573 | ||
Commercial Portfolio Segment [Member] | Agricultural [Member] | Substandard [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 32 | 32 | 12 | ||
Originated in three years prior | 9 | 9 | 0 | ||
Originated in four years prior | 1,372 | 1,372 | 253 | ||
Prior | 10 | 10 | 1,073 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 1,423 | 1,423 | 1,338 | ||
Commercial Portfolio Segment [Member] | Agricultural [Member] | Doubtful [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Agricultural [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | 0 | 0 | ||
Commercial Portfolio Segment [Member] | Farmland [Member] | |||||
Non-covered loans | 15,822 | 15,822 | 11,779 | ||
Originated in current year | 519 | 519 | 646 | ||
Originated in one year prior | 1,647 | 1,647 | 822 | ||
Originated in two years prior | 1,789 | 1,789 | 808 | ||
Originated in three years prior | 994 | 994 | 77 | ||
Originated in four years prior | 787 | 787 | 1,344 | ||
Prior | 9,123 | 9,123 | 7,465 | ||
Revolving | 963 | 963 | 617 | ||
Total loan | 15,822 | 15,822 | 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 | 519 | 519 | |||
Originated in one year prior | 1,647 | 1,647 | |||
Originated in two years prior | 1,682 | 1,682 | |||
Originated in three years prior | 972 | 972 | |||
Originated in four years prior | 787 | 787 | |||
Prior | 7,442 | 7,442 | |||
Revolving | 963 | 963 | |||
Total loan | 14,012 | 14,012 | |||
Commercial Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member] | |||||
Originated in current year | 0 | 0 | |||
Originated in one year prior | 0 | 0 | |||
Originated in two years prior | 107 | 107 | |||
Originated in three years prior | 11 | 11 | |||
Originated in four years prior | 0 | 0 | |||
Prior | 396 | 396 | |||
Revolving | 0 | 0 | |||
Total loan | 514 | 514 | |||
Commercial Portfolio Segment [Member] | Farmland [Member] | Substandard [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 | 11 | 11 | |||
Originated in four years prior | 0 | 0 | |||
Prior | 1,285 | 1,285 | |||
Revolving | 0 | 0 | |||
Total loan | 1,296 | 1,296 | |||
Commercial Portfolio Segment [Member] | Farmland [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] | Farmland [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 | |||
Consumer Real Estate Portfolio Segment [Member] | |||||
Non-covered loans | 823,668 | 823,668 | 820,548 | ||
Financing Receivable, Allowance for Credit Loss, Writeoff | 225 | 88 | 323 | 94 | |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | |||||
Non-covered loans | 89,701 | 89,701 | 75,642 | ||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | |||||
Non-covered loans | 722,769 | 722,769 | 734,540 | ||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | |||||
Non-covered loans | 11,198 | 11,198 | 10,366 | ||
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Home Equity Lines [Member] | |||||
Non-covered loans | 86,530 | 86,530 | 72,927 | ||
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Single Family Owner Occupied [Member] | |||||
Non-covered loans | 695,594 | 695,594 | 706,952 | ||
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Owner Occupied Construction [Member] | |||||
Non-covered loans | 11,039 | 11,039 | 10,204 | ||
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Home Equity Lines [Member] | |||||
Non-covered loans | 691 | 691 | 288 | ||
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Single Family Owner Occupied [Member] | |||||
Non-covered loans | 2,435 | 2,435 | 1,958 | ||
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Owner Occupied Construction [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Home Equity Lines [Member] | |||||
Non-covered loans | 2,480 | 2,480 | 2,427 | ||
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Single Family Owner Occupied [Member] | |||||
Non-covered loans | 24,716 | 24,716 | 25,630 | ||
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Owner Occupied Construction [Member] | |||||
Non-covered loans | 159 | 159 | 162 | ||
Consumer Real Estate Portfolio Segment [Member] | Doubtful [Member] | Home Equity Lines [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | Doubtful [Member] | Single Family Owner Occupied [Member] | |||||
Non-covered loans | 24 | 24 | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | Doubtful [Member] | Owner Occupied Construction [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Home Equity Lines [Member] | |||||
Non-covered loans | 0 | 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 | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Owner Occupied Construction [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | |||||
Non-covered loans | 89,701 | 89,701 | 75,642 | ||
Originated in current year | 81 | 81 | 1,960 | ||
Originated in one year prior | 941 | 941 | 198 | ||
Originated in two years prior | 123 | 123 | 268 | ||
Originated in three years prior | 170 | 170 | 35 | ||
Originated in four years prior | 105 | 105 | 138 | ||
Prior | 5,937 | 5,937 | 8,799 | ||
Revolving | 82,344 | 82,344 | 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 | 154 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 154 | ||||
Total loans held for investment, net of unearned income | 89,701 | 89,701 | |||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Pass [Member] | |||||
Originated in current year | 81 | 81 | 1,960 | ||
Originated in one year prior | 929 | 929 | 198 | ||
Originated in two years prior | 123 | 123 | 241 | ||
Originated in three years prior | 143 | 143 | 0 | ||
Originated in four years prior | 70 | 70 | 24 | ||
Prior | 4,517 | 4,517 | 7,429 | ||
Revolving | 80,667 | 80,667 | 63,075 | ||
Total loan | 72,927 | ||||
Total loans held for investment, net of unearned income | 86,530 | 86,530 | |||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Special Mention [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 40 | 40 | 117 | ||
Revolving | 651 | 651 | 171 | ||
Total loan | 288 | ||||
Total loans held for investment, net of unearned income | 691 | 691 | |||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Substandard [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 12 | 12 | 0 | ||
Originated in two years prior | 0 | 0 | 27 | ||
Originated in three years prior | 27 | 27 | 35 | ||
Originated in four years prior | 35 | 35 | 114 | ||
Prior | 1,380 | 1,380 | 1,253 | ||
Revolving | 1,026 | 1,026 | 998 | ||
Total loan | 2,427 | ||||
Total loans held for investment, net of unearned income | 2,480 | 2,480 | |||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Doubtful [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | ||||
Total loans held for investment, net of unearned income | 0 | 0 | |||
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | ||||
Total loans held for investment, net of unearned income | 0 | 0 | |||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | |||||
Non-covered loans | 722,769 | 722,769 | 734,540 | ||
Originated in current year | 30,818 | 30,818 | 158,351 | ||
Originated in one year prior | 168,715 | 168,715 | 238,935 | ||
Originated in two years prior | 233,076 | 233,076 | 208,310 | ||
Originated in three years prior | 202,014 | 202,014 | 50,375 | ||
Originated in four years prior | 49,236 | 49,236 | 38,931 | ||
Prior | 266,844 | 266,844 | 245,386 | ||
Revolving | 429 | 429 | 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 | 47 | ||||
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 | 122 | ||||
Financing Receivable, Revolving, Writeoff | 0 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 169 | ||||
Total loans held for investment, net of unearned income | 951,132 | 951,132 | |||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Pass [Member] | |||||
Originated in current year | 30,711 | 30,711 | 157,890 | ||
Originated in one year prior | 168,262 | 168,262 | 237,363 | ||
Originated in two years prior | 231,284 | 231,284 | 207,480 | ||
Originated in three years prior | 200,710 | 200,710 | 48,795 | ||
Originated in four years prior | 47,925 | 47,925 | 36,678 | ||
Prior | 234,597 | 234,597 | 214,148 | ||
Revolving | 429 | 429 | 373 | ||
Total loan | 902,727 | ||||
Total loans held for investment, net of unearned income | 913,918 | 913,918 | |||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Special Mention [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 376 | ||
Originated in two years prior | 485 | 485 | 90 | ||
Originated in three years prior | 97 | 97 | 363 | ||
Originated in four years prior | 109 | 109 | 262 | ||
Prior | 3,989 | 3,989 | 3,170 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 4,261 | ||||
Total loans held for investment, net of unearned income | 4,680 | 4,680 | |||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Substandard [Member] | |||||
Originated in current year | 107 | 107 | 461 | ||
Originated in one year prior | 453 | 453 | 1,196 | ||
Originated in two years prior | 1,307 | 1,307 | 740 | ||
Originated in three years prior | 1,207 | 1,207 | 1,217 | ||
Originated in four years prior | 1,202 | 1,202 | 1,991 | ||
Prior | 28,234 | 28,234 | 28,068 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 33,673 | ||||
Total loans held for investment, net of unearned income | 32,510 | 32,510 | |||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Doubtful [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 24 | 24 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | ||||
Total loans held for investment, net of unearned income | 24 | 24 | |||
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | ||||
Total loans held for investment, net of unearned income | 0 | 0 | |||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | |||||
Non-covered loans | 11,198 | 11,198 | 10,366 | ||
Originated in current year | 946 | 946 | 6,357 | ||
Originated in one year prior | 7,487 | 7,487 | 3,344 | ||
Originated in two years prior | 2,161 | 2,161 | 162 | ||
Originated in three years prior | 157 | 157 | 23 | ||
Originated in four years prior | 32 | 32 | 11 | ||
Prior | 415 | 415 | 469 | ||
Revolving | 0 | 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 | 11,198 | 11,198 | |||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Pass [Member] | |||||
Originated in current year | 946 | 946 | 6,357 | ||
Originated in one year prior | 7,487 | 7,487 | 3,344 | ||
Originated in two years prior | 2,161 | 2,161 | 0 | ||
Originated in three years prior | 0 | 0 | 23 | ||
Originated in four years prior | 32 | 32 | 11 | ||
Prior | 413 | 413 | 469 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 10,204 | ||||
Total loans held for investment, net of unearned income | 11,039 | 11,039 | |||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Special Mention [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | ||||
Total loans held for investment, net of unearned income | 0 | 0 | |||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Substandard [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 162 | ||
Originated in three years prior | 157 | 157 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 2 | 2 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 162 | ||||
Total loans held for investment, net of unearned income | 159 | 159 | |||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Doubtful [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | ||||
Total loans held for investment, net of unearned income | 0 | 0 | |||
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | ||||
Total loans held for investment, net of unearned income | 0 | 0 | |||
Consumer and Other Portfolio Segment [Member] | |||||
Non-covered loans | 135,145 | 135,145 | 146,386 | ||
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff | 423 | ||||
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff | 1,722 | ||||
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff | 1,241 | ||||
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff | 309 | ||||
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff | 130 | ||||
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff | 20 | ||||
Financing Receivable, Revolving, Writeoff | 89 | ||||
Financing Receivable, Allowance for Credit Loss, Writeoff | 1,635 | $ 1,230 | 3,934 | $ 2,269 | |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | |||||
Non-covered loans | 133,559 | 133,559 | 144,582 | ||
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | |||||
Non-covered loans | 1,586 | 1,586 | 1,804 | ||
Consumer and Other Portfolio Segment [Member] | Pass [Member] | Consumer Loans [Member] | |||||
Non-covered loans | 131,003 | 131,003 | 141,551 | ||
Consumer and Other Portfolio Segment [Member] | Pass [Member] | Other Loan [Member] | |||||
Non-covered loans | 1,586 | 1,586 | 1,804 | ||
Consumer and Other Portfolio Segment [Member] | Special Mention [Member] | Consumer Loans [Member] | |||||
Non-covered loans | 10 | 10 | 11 | ||
Consumer and Other Portfolio Segment [Member] | Special Mention [Member] | Other Loan [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Consumer and Other Portfolio Segment [Member] | Substandard [Member] | Consumer Loans [Member] | |||||
Non-covered loans | 2,546 | 2,546 | 3,020 | ||
Consumer and Other Portfolio Segment [Member] | Substandard [Member] | Other Loan [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Consumer and Other Portfolio Segment [Member] | Doubtful [Member] | Consumer Loans [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Consumer and Other Portfolio Segment [Member] | Doubtful [Member] | Other Loan [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Consumer and Other Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Consumer Loans [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Consumer and Other Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Other Loan [Member] | |||||
Non-covered loans | 0 | 0 | 0 | ||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | |||||
Non-covered loans | 133,559 | 133,559 | 144,582 | ||
Originated in current year | 21,639 | 21,639 | 70,460 | ||
Originated in one year prior | 57,645 | 57,645 | 38,610 | ||
Originated in two years prior | 28,839 | 28,839 | 16,499 | ||
Originated in three years prior | 11,504 | 11,504 | 8,062 | ||
Originated in four years prior | 5,316 | 5,316 | 2,564 | ||
Prior | 1,853 | 1,853 | 2,199 | ||
Revolving | 8,349 | 8,349 | 7,992 | ||
Total loan | 146,386 | ||||
Total loans held for investment, net of unearned income | 135,145 | 135,145 | |||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Pass [Member] | |||||
Originated in current year | 21,611 | 21,611 | 69,579 | ||
Originated in one year prior | 56,667 | 56,667 | 37,603 | ||
Originated in two years prior | 28,172 | 28,172 | 16,033 | ||
Originated in three years prior | 11,166 | 11,166 | 7,640 | ||
Originated in four years prior | 5,037 | 5,037 | 2,528 | ||
Prior | 1,649 | 1,649 | 2,040 | ||
Revolving | 8,287 | 8,287 | 7,932 | ||
Total loan | 143,355 | ||||
Total loans held for investment, net of unearned income | 132,589 | 132,589 | |||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Special Mention [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 5 | ||
Originated in two years prior | 4 | 4 | 0 | ||
Originated in three years prior | 0 | 0 | 6 | ||
Originated in four years prior | 4 | 4 | 0 | ||
Prior | 1 | 1 | 0 | ||
Revolving | 1 | 1 | 0 | ||
Total loan | 11 | ||||
Total loans held for investment, net of unearned income | 10 | 10 | |||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Substandard [Member] | |||||
Originated in current year | 28 | 28 | 881 | ||
Originated in one year prior | 978 | 978 | 1,002 | ||
Originated in two years prior | 663 | 663 | 466 | ||
Originated in three years prior | 338 | 338 | 416 | ||
Originated in four years prior | 275 | 275 | 36 | ||
Prior | 203 | 203 | 159 | ||
Revolving | 61 | 61 | 60 | ||
Total loan | 3,020 | ||||
Total loans held for investment, net of unearned income | 2,546 | 2,546 | |||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Doubtful [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | 0 | ||||
Total loans held for investment, net of unearned income | 0 | 0 | |||
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||||
Originated in current year | 0 | 0 | 0 | ||
Originated in one year prior | 0 | 0 | 0 | ||
Originated in two years prior | 0 | 0 | 0 | ||
Originated in three years prior | 0 | 0 | 0 | ||
Originated in four years prior | 0 | 0 | 0 | ||
Prior | 0 | 0 | 0 | ||
Revolving | 0 | 0 | 0 | ||
Total loan | $ 0 | ||||
Total loans held for investment, net of unearned income | $ 0 | $ 0 |
Note 5 - Credit Quality - Nonac
Note 5 - Credit Quality - Nonaccrual Loans by Loan Class (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Total nonaccrual loans | $ 18,628 | $ 15,208 |
Loans With No Allowance [Member] | ||
Total nonaccrual loans | 16,821 | 14,619 |
Loans With an Allowance [Member] | ||
Total nonaccrual loans | 1,807 | 589 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Total nonaccrual loans | 183 | 31 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 183 | 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 | 2,037 | 438 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 812 | 438 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 1,225 | 0 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Total nonaccrual loans | 198 | 220 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 198 | 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 | 991 | 984 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 991 | 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 | 1,325 | 1,771 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 1,325 | 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 | 1,343 | 9 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 1,343 | 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 | 123 | 133 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 123 | 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 | 859 | 400 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 859 | 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 | 9,558 | 8,817 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 8,976 | 8,228 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Loans With an Allowance [Member] | ||
Total nonaccrual loans | 582 | 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 | 2,011 | 2,405 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Loans With No Allowance [Member] | ||
Total nonaccrual loans | 2,011 | 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 | Jun. 30, 2023 | Dec. 31, 2022 |
Non-covered | $ 2,621,073 | $ 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 | 11,452 | 13,573 |
Financial Asset, 60 to 89 Days Past Due [Member] | ||
Non-covered | 5,098 | 4,843 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||
Non-covered | 7,754 | 6,199 |
Financial Asset, Past Due [Member] | ||
Non-covered | 24,304 | 24,615 |
Financial Asset, Not Past Due [Member] | ||
Non-covered | 2,596,769 | 2,375,582 |
Commercial Portfolio Segment [Member] | ||
Non-covered | 1,662,260 | 1,433,263 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | ||
Non-covered | 112,213 | 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 | 0 | 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 | 7 | 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 | 23 | 23 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 30 | 424 |
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 112,183 | 116,750 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | ||
Non-covered | 214,962 | 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 | 1,203 | 756 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 150 | 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 | 576 | 217 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,929 | 1,102 |
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 213,033 | 149,326 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | ||
Non-covered | 164,017 | 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 | 190 | 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 | 190 | 83 |
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 163,827 | 147,943 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | ||
Non-covered | 228,363 | 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 | 391 | 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 | 391 | 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 | 109 | 299 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 891 | 1,411 |
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 227,472 | 204,710 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | ||
Non-covered | 904,777 | 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 | 784 | 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 | 73 | 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 | 403 | 548 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,260 | 1,246 |
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 903,517 | 786,457 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | ||
Non-covered | 22,106 | 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 | 132 | 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 | 1,343 | 9 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,475 | 180 |
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 20,631 | 11,852 |
Commercial Portfolio Segment [Member] | Farmland [Member] | ||
Non-covered | 15,822 | 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 | 107 | 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 | 0 | 133 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 107 | 133 |
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 15,715 | 11,646 |
Consumer Real Estate Portfolio Segment [Member] | ||
Non-covered | 823,668 | 820,548 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | ||
Non-covered | 89,701 | 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 | 753 | 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 | 471 | 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 | 678 | 262 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 1,902 | 896 |
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 87,799 | 74,746 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | ||
Non-covered | 722,769 | 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 | 3,725 | 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 | 2,811 | 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 | 3,821 | 3,166 |
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 10,357 | 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 | 712,412 | 723,101 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | ||
Non-covered | 11,198 | 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 | 196 | 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 | 196 | 0 |
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 11,002 | 10,366 |
Consumer and Other Portfolio Segment [Member] | ||
Non-covered | 135,145 | 146,386 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | ||
Non-covered | 133,559 | 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 | 3,971 | 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 | 1,195 | 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 | 801 | 1,459 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 5,967 | 7,701 |
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member] | ||
Non-covered | 127,592 | 136,881 |
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | ||
Non-covered | 1,586 | 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 | $ 1,586 | $ 1,804 |
Note 5 - Credit Quality - Colla
Note 5 - Credit Quality - Collateral Dependent Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Collateral dependent loans | $ 1,807 | $ 589 |
Collateral coverage | $ 957 | $ 574 |
Collateral coverage percentage | 52.96% | 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 | $ 1,225 | $ 0 |
Collateral coverage | $ 375 | $ 0 |
Collateral coverage percentage | 30.61% | 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 | $ 582 | $ 589 |
Collateral coverage | $ 582 | $ 574 |
Collateral coverage percentage | 100% | 97.45% |
Note 5 - Credit Quality - Loa_2
Note 5 - Credit Quality - Loans Modified as Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 USD ($) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | ||
TDRs | $ 8,436 | |||
Loans modified | [1] | $ 245 | $ 276 | |
Total contracts | 2 | 3 | ||
Pre-modification recorded investment | $ 238 | $ 269 | ||
Financial Asset, Not Past Due [Member] | ||||
Loans modified | 642 | |||
Financial Asset, 30 to 89 Days Past Due [Member] | ||||
Loans modified | 0 | |||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Loans modified | 0 | |||
Payment Deferral [Member] | ||||
TDRs | 404 | 404 | ||
Loans modified | $ 0 | |||
Total contracts | 0 | |||
Pre-modification recorded investment | $ 0 | |||
Payment Deferral [Member] | Non-farm, Non-residential [Member] | ||||
Loans modified | $ 0 | |||
Total contracts | 0 | |||
Pre-modification recorded investment | $ 0 | |||
Below Market Interest Rate [Member] | ||||
Loans modified | $ 245 | $ 31 | ||
Total contracts | 2 | 1 | ||
Pre-modification recorded investment | $ 238 | $ 31 | ||
Below Market Interest Rate [Member] | Single Family Owner Occupied [Member] | ||||
Loans modified | [1] | $ 245 | $ 31 | |
Total contracts | 2 | 1 | ||
Pre-modification recorded investment | $ 238 | $ 31 | ||
Below Market Interest Rate and Extended Payment Term [Member] | ||||
Loans modified | [1] | $ 245 | ||
Total contracts | 2 | |||
Pre-modification recorded investment | $ 238 | |||
Below Market Interest Rate and Extended Payment Term [Member] | Single Family Owner Occupied [Member] | ||||
Loans modified | [1] | $ 0 | ||
Total contracts | 0 | |||
Pre-modification recorded investment | $ 0 | |||
Below Market Interest Rate and Extended Payment Term [Member] | Single Family Non-owner Occupied [Member] | ||||
Loans modified | [1] | $ 245 | ||
Total contracts | 2 | |||
Pre-modification recorded investment | $ 238 | |||
Extended Maturity [Member] | ||||
TDRs | 8 | 8 | ||
Principal Forgiveness [Member] | ||||
TDRs | 8 | 8 | ||
Single Family Owner Occupied [Member] | Financial Asset, Not Past Due [Member] | ||||
Loans modified | 634 | |||
Single Family Owner Occupied [Member] | Financial Asset, 30 to 89 Days Past Due [Member] | ||||
Loans modified | 0 | |||
Single Family Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Loans modified | 0 | |||
Single Family Owner Occupied [Member] | Payment Deferral [Member] | ||||
TDRs | 404 | $ 404 | ||
Percentage of total financing receivable | 0.056% | |||
Single family owner occupied | $ 6 | |||
Consumer Loans [Member] | Financial Asset, Not Past Due [Member] | ||||
Loans modified | 8 | |||
Consumer Loans [Member] | Financial Asset, 30 to 89 Days Past Due [Member] | ||||
Loans modified | 0 | |||
Consumer Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | ||||
Loans modified | 0 | |||
Consumer Loans [Member] | Extended Maturity [Member] | ||||
TDRs | 8 | $ 8 | ||
Percentage of total financing receivable | 0.006% | |||
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] | ||||
TDRs | $ 8 | $ 8 | ||
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) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2023 | Jun. 30, 2023 | |
Troubled Debt Restructurings [Member] | Purchased Credit Impaired Loans [Member] | ||
Interest income recognized | $ 105 | $ 105 |
Note 5 - Credit Quality - Other
Note 5 - Credit Quality - Other Real Estate Owned (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | |
OREO | $ 339 | $ 703 | |
OREO secured by residential real estate | 139 | 407 | |
Residential real estate loans in the foreclosure process(1) | [1] | $ 2,800 | $ 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 | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | ||
Balance, Loans | $ 30,789 | $ 28,981 | $ 30,556 | [1] | $ 27,858 |
Balance, Allowance for credit losses - loan commitments | 964 | 776 | 1,196 | 678 | |
Total allowance for credit losses beginning of year | 31,753 | 29,757 | 31,752 | 28,536 | |
Provision for credit losses - loans | 4,105 | 510 | 6,079 | 2,471 | |
Provision for credit losses - loan commitments | 0 | 180 | (232) | 278 | |
Total provision for credit losses - loans and loan commitments | 4,105 | 690 | 5,847 | 2,749 | |
Charge-offs | (1,993) | (1,469) | (4,563) | (2,771) | |
Recoveries | 1,265 | 1,727 | 2,094 | 2,191 | |
Net recoveries (charge-offs) | (728) | 258 | (2,469) | (580) | |
Balance, Allowance for credit losses - loans | 36,177 | 29,749 | 36,177 | 29,749 | |
Balance, Allowance for credit losses - loan commitments | 964 | 956 | 964 | 956 | |
Ending balance | 37,141 | 30,705 | 37,141 | 30,705 | |
Financial Asset Acquired with Credit Deterioration [Member] | Surrey [Member] | |||||
Balance, Loans | 2,011 | 2,011 | |||
Commercial Portfolio Segment [Member] | |||||
Balance, Loans | 17,269 | 15,896 | 17,213 | 14,775 | |
Balance, Allowance for credit losses - loan commitments | 786 | 663 | 1,018 | 576 | |
Total allowance for credit losses beginning of year | 18,055 | 16,559 | 18,231 | 15,351 | |
Provision for credit losses - loans | 2,349 | (808) | 2,386 | 300 | |
Provision for credit losses - loan commitments | 0 | 191 | (232) | 278 | |
Total provision for credit losses - loans and loan commitments | 2,349 | (617) | 2,154 | 578 | |
Charge-offs | (133) | (151) | (306) | (408) | |
Recoveries | 578 | 1,182 | 770 | 1,452 | |
Net recoveries (charge-offs) | 445 | 1,031 | 464 | 1,044 | |
Balance, Allowance for credit losses - loans | 21,515 | 16,119 | 21,515 | 16,119 | |
Balance, Allowance for credit losses - loan commitments | 786 | 854 | 786 | 854 | |
Ending balance | 22,301 | 16,973 | 22,301 | 16,973 | |
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Surrey [Member] | |||||
Balance, Loans | 1,452 | 1,452 | |||
Consumer Real Estate Portfolio Segment [Member] | |||||
Balance, Loans | 8,995 | 9,764 | 8,931 | 9,972 | |
Balance, Allowance for credit losses - loan commitments | 150 | 94 | 156 | 88 | |
Total allowance for credit losses beginning of year | 9,145 | 9,858 | 9,087 | 10,060 | |
Provision for credit losses - loans | 380 | 48 | 483 | (193) | |
Provision for credit losses - loan commitments | 0 | (6) | (6) | 0 | |
Total provision for credit losses - loans and loan commitments | 380 | 42 | 477 | (193) | |
Charge-offs | (225) | (88) | (323) | (94) | |
Recoveries | 277 | 325 | 336 | 364 | |
Net recoveries (charge-offs) | 52 | 237 | 13 | 270 | |
Balance, Allowance for credit losses - loans | 9,956 | 10,049 | 9,956 | 10,049 | |
Balance, Allowance for credit losses - loan commitments | 150 | 88 | 150 | 88 | |
Ending balance | 10,106 | 10,137 | 10,106 | 10,137 | |
Consumer Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Surrey [Member] | |||||
Balance, Loans | 529 | 529 | |||
Consumer and Other Portfolio Segment [Member] | |||||
Balance, Loans | 4,525 | 3,321 | 4,412 | 3,111 | |
Balance, Allowance for credit losses - loan commitments | 28 | 19 | 22 | 14 | |
Total allowance for credit losses beginning of year | 4,553 | 3,340 | 4,434 | 3,125 | |
Provision for credit losses - loans | 1,376 | 1,270 | 3,210 | 2,364 | |
Provision for credit losses - loan commitments | 0 | (5) | 6 | 0 | |
Total provision for credit losses - loans and loan commitments | 1,376 | 1,265 | 3,216 | 2,364 | |
Charge-offs | (1,635) | (1,230) | (3,934) | (2,269) | |
Recoveries | 410 | 220 | 988 | 375 | |
Net recoveries (charge-offs) | (1,225) | (1,010) | (2,946) | (1,894) | |
Balance, Allowance for credit losses - loans | 4,706 | 3,581 | 4,706 | 3,581 | |
Balance, Allowance for credit losses - loan commitments | 28 | 14 | 28 | 14 | |
Ending balance | 4,734 | $ 3,595 | 4,734 | $ 3,595 | |
Consumer and Other Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Surrey [Member] | |||||
Balance, Loans | $ 30 | $ 30 | |||
[1]Derived from audited financial statements |
Note 7 - Deposits - Components
Note 7 - Deposits - Components of Deposits (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | |
Noninterest-bearing demand deposits | $ 974,995 | $ 872,168 | |
Interest-bearing demand deposits | 737,193 | 679,609 | |
Money market accounts | 289,431 | 264,734 | |
Savings deposits | 578,292 | 578,974 | |
Certificates of deposit | 178,279 | 180,008 | |
Individual retirement accounts | 94,488 | 103,322 | |
Total interest-bearing deposits | 1,877,683 | 1,806,647 | |
Total deposits | $ 2,852,678 | $ 2,678,815 | [1] |
[1]Derived from audited financial statements |
Note 9 - Borrowings (Details Te
Note 9 - Borrowings (Details Textual) $ in Thousands | Jun. 30, 2023 USD ($) |
Long-Term Debt | $ 0 |
Debt Instrument, Unused Borrowing Capacity, Amount | 405,850 |
Deposit Liabilities, Collateral Issued, Financial Instruments | 113,990 |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 519,830 |
Note 9 - Borrowings - Component
Note 9 - Borrowings - Components of Borrowings (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | |
Securities sold under agreements to repurchase | $ 1,348 | $ 1,874 | [1] |
Retail Repurchase Agreements [Member] | |||
Securities sold under agreements to repurchase | $ 1,348 | $ 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 Thousands | 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 | Jun. 30, 2023 | Dec. 31, 2022 |
Notional or contractual amount | $ 3,773 | $ 3,983 |
Derivative assets | 204 | 199 |
Derivative liabilities | 0 | 0 |
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | ||
Notional or contractual amount | 3,773 | 3,983 |
Derivative assets | 204 | 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 | 6 Months Ended | |||
Jul. 26, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Derivative expense | $ (72) | ||||
Interest and Fees on Loans [Member] | |||||
Derivative expense | $ (26) | $ 51 | $ (46) | $ 127 | |
Designated as Hedging Instrument [Member] | Interest and Fees on Loans [Member] | |||||
Derivative expense | (26) | 19 | $ (46) | 44 | |
Not Designated as Hedging Instrument [Member] | Interest and Fees on Loans [Member] | |||||
Derivative expense | $ 0 | $ 32 | $ 83 |
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 | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Service cost | $ 0 | $ 0 | $ 0 | $ 0 |
Interest cost | 95 | 83 | 177 | 166 |
Amortization of prior service cost | 0 | 0 | 0 | 0 |
Amortization of losses | 31 | 33 | 63 | 67 |
Net periodic cost | $ 126 | $ 116 | $ 240 | $ 233 |
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 | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Net income | $ 9,814 | $ 11,213 | $ 21,596 | $ 20,728 |
Adjust net income for fair value of restricted stock units (tax effected) | 335 | 0 | 448 | 0 |
Net income for fully dilutive earnings per common share | $ 10,149 | $ 11,213 | $ 22,044 | $ 20,728 |
Weighted average common shares outstanding, basic (in shares) | 18,407,078 | 16,662,817 | 17,323,706 | 16,739,624 |
Dilutive effect of potential common shares (in shares) | 14,864 | 561 | 20,009 | 834 |
Total dilutive effect of potential common shares (in shares) | 24,520 | 19,798 | 39,772 | 33,223 |
Weighted average common shares outstanding, diluted (in shares) | 18,431,598 | 16,682,615 | 17,363,478 | 16,772,847 |
Basic earnings per common share (in dollars per share) | $ 0.53 | $ 0.67 | $ 1.25 | $ 1.24 |
Diluted earnings per common share (in dollars per share) | $ 0.55 | $ 0.67 | $ 1.26 | $ 1.24 |
Antidilutive potential common shares (in shares) | 147,714 | 143,676 | 145,706 | 131,198 |
Share-Based Payment Arrangement, Option [Member] | ||||
Dilutive effect of potential common shares (in shares) | 9,656 | 13,068 | 12,938 | 15,266 |
Antidilutive potential common shares (in shares) | 143,676 | 143,676 | 143,676 | 131,198 |
Restricted Stock [Member] | ||||
Dilutive effect of potential common shares (in shares) | 0 | 6,169 | 6,825 | 17,123 |
Stock Units [Member] | ||||
Antidilutive potential common shares (in shares) | 4,038 | 0 | 2,030 | 0 |
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 | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | ||
Balance | $ 431,731 | $ 424,156 | $ 421,985 | [1] | $ 427,775 |
Other comprehensive (loss) income, net of tax | (1,236) | (5,148) | 1,258 | (10,114) | |
Balance | 498,720 | 418,046 | 498,720 | 418,046 | |
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] | |||||
Balance | (13,127) | (4,643) | (15,621) | 15 | |
Other comprehensive income before reclassifications | (1,258) | (5,174) | 1,240 | (9,832) | |
Reclassified from AOCI | 22 | 0 | 18 | 0 | |
Other comprehensive (loss) income, net of tax | (1,236) | (5,174) | 1,258 | (9,832) | |
Balance | (14,363) | (9,817) | (14,363) | (9,817) | |
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | |||||
Balance | (98) | (1,869) | (98) | (1,561) | |
Other comprehensive income before reclassifications | (24) | 0 | (50) | (335) | |
Reclassified from AOCI | 24 | 26 | 50 | 53 | |
Other comprehensive (loss) income, net of tax | 0 | 26 | 0 | (282) | |
Balance | (98) | (1,843) | (98) | (1,843) | |
AOCI Attributable to Parent [Member] | |||||
Balance | (13,225) | (6,512) | (15,719) | (1,546) | |
Other comprehensive income before reclassifications | (1,282) | (5,174) | 1,190 | (10,167) | |
Reclassified from AOCI | 46 | 26 | 68 | 53 | |
Other comprehensive (loss) income, net of tax | (1,236) | (5,148) | 1,258 | (10,114) | |
Balance | $ (14,461) | $ (11,660) | $ (14,461) | $ (11,660) | |
[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 | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | ||
Loss recognized | $ 28 | $ 0 | $ 21 | $ 0 | |
Income before income taxes | 12,871 | 14,636 | 28,311 | 27,036 | |
Income tax expense | 3,057 | 3,423 | 6,715 | 6,308 | |
Net income | 9,814 | 11,213 | 21,596 | 20,728 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | |||||
Net income | 46 | 26 | 68 | 53 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member] | |||||
Income before income taxes | 28 | 0 | 21 | 0 | |
Income tax expense | 6 | 0 | 4 | 0 | |
Net income | 22 | 0 | 17 | 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 | 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 | 31 | 33 | 63 | 67 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] | |||||
Income before income taxes | 31 | 33 | 63 | 67 | |
Income tax expense | 7 | 7 | 12 | 14 | |
Net income | $ 24 | $ 26 | $ 51 | $ 53 | |
[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 | Jun. 30, 2023 | Dec. 31, 2022 | |
Available-for-sale debt securities | $ 314,373 | $ 300,349 | [1] |
Derivative assets | 204 | 199 | |
Fair Value, Recurring [Member] | |||
Available-for-sale debt securities | 314,373 | 300,349 | |
Equity securities | 55 | 55 | |
Fair value loans | 3,569 | 3,784 | |
Derivative assets | 204 | 199 | |
Deferred compensation assets | 6,269 | 5,142 | |
Deferred compensation liabilities | 7,733 | 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 | 6,269 | 5,142 | |
Deferred compensation liabilities | 7,733 | 5,142 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Available-for-sale debt securities | 314,373 | 300,349 | |
Equity securities | 55 | 55 | |
Fair value loans | 0 | 0 | |
Derivative assets | 204 | 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 | 3,569 | 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 | 7,229 | 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 | 7,229 | 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 | 178,506 | 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 | 178,506 | 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 | 21,449 | 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 | 21,449 | 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 | 26,463 | 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 | 26,463 | 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 | 80,726 | 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 | 80,726 | 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 | Jun. 30, 2023 | Dec. 31, 2022 |
Collateral Dependent Assets With Specific Reserves [Member] | ||
Total Fair Value | $ 957 | $ 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 | 957 | 574 |
OREO [Member] | ||
Total Fair Value | 339 | 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 | $ 339 | $ 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] | Jun. 30, 2023 | Dec. 31, 2022 | |
Minimum [Member] | |||
Discount range, impaired loans | [1],[2] | 0 | |
Maximum [Member] | |||
Discount range, impaired loans | [1],[2] | 0.82 | |
Weighted Average [Member] | |||
Discount range, impaired loans | [1],[2] | 0.56 | 0.03 |
Discount range, non-covered OREO | [1],[2] | 0.81 | 0.69 |
[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 | Jun. 30, 2023 | Dec. 31, 2022 | |
Debt securities available for sale | $ 314,373 | $ 300,349 | [1] |
Derivative financial assets | 204 | 199 | |
Interest receivable | 10,185 | 9,279 | [1] |
Derivative assets | 204 | 199 | |
Reported Value Measurement [Member] | |||
Cash and cash equivalents | 152,660 | 170,846 | |
Debt securities available for sale | 314,373 | 300,349 | |
Equity securities | 55 | 55 | |
Loans held for investment, net of allowance | 2,584,896 | 2,369,641 | |
Derivative financial assets | 204 | 199 | |
Interest receivable | 10,185 | 9,279 | |
Deferred compensation assets | 6,269 | 5,142 | |
Securities sold under agreements to repurchase | 1,348 | 1,874 | |
Interest payable | 298 | 159 | |
Deferred compensation liabilities | 7,733 | 5,142 | |
Derivative assets | 204 | 199 | |
Reported Value Measurement [Member] | Bank Time Deposits [Member] | |||
Deposits fair value | 272,767 | 283,330 | |
Estimate of Fair Value Measurement [Member] | |||
Cash and cash equivalents | 152,660 | 170,846 | |
Debt securities available for sale | 314,373 | 300,349 | |
Equity securities | 55 | 55 | |
Loans held for investment, net of allowance | 2,411,647 | 2,215,243 | |
Derivative financial assets | 204 | 199 | |
Interest receivable | 10,185 | 9,279 | |
Deferred compensation assets | 6,269 | 5,142 | |
Securities sold under agreements to repurchase | 1,348 | 1,874 | |
Interest payable | 298 | 159 | |
Deferred compensation liabilities | 7,733 | 5,142 | |
Derivative assets | 204 | 199 | |
Estimate of Fair Value Measurement [Member] | Bank Time Deposits [Member] | |||
Deposits fair value | 257,012 | 281,744 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Cash and cash equivalents | 152,660 | 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 | 6,269 | 5,142 | |
Securities sold under agreements to repurchase | 0 | 0 | |
Interest payable | 0 | 0 | |
Deferred compensation liabilities | 7,733 | 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 | 314,373 | 300,349 | |
Equity securities | 55 | 55 | |
Loans held for investment, net of allowance | 0 | 0 | |
Derivative financial assets | 204 | 199 | |
Interest receivable | 10,185 | 9,279 | |
Deferred compensation assets | 0 | 0 | |
Securities sold under agreements to repurchase | 1,348 | 1,874 | |
Interest payable | 298 | 159 | |
Deferred compensation liabilities | 0 | 0 | |
Derivative assets | 204 | 199 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Bank Time Deposits [Member] | |||
Deposits fair value | 257,012 | 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 | 2,411,647 | 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 | Jun. 30, 2023 | Dec. 31, 2022 | |
Commitments to extend credit | $ 313,233 | $ 278,926 | |
Standby letters of credit and financial guarantees(1) | [1] | 116,583 | 119,681 |
Total off-balance sheet risk | $ 429,816 | $ 398,607 | |
[1]Includes FHLB letters of credit |