Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2020 | May 08, 2020 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000885275 | |
Entity Registrant Name | WILSON BANK HOLDING CO | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2020 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2020 | |
Document Transition Report | false | |
Entity File Number | 0-20402 | |
Entity Incorporation, State or Country Code | TN | |
Entity Tax Identification Number | 62-1497076 | |
Entity Address, Address Line One | 623 West Main Street | |
Entity Address, City or Town | Lebanon | |
Entity Address, State or Province | TN | |
Entity Address, Postal Zip Code | 37087 | |
City Area Code | 615 | |
Local Phone Number | 444-2265 | |
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 | 10,892,190 |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Assets | ||
Loans | $ 2,162,012 | $ 2,085,901 |
Less: Allowance for loan losses | (30,281) | (28,726) |
Net loans | 2,131,731 | 2,057,175 |
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 407,224 | 421,145 |
Loans held for sale | 22,183 | 18,179 |
Interest bearing deposits | 134,460 | 126,827 |
Restricted equity securities | 4,680 | 4,680 |
Federal funds sold | 25,975 | 20,000 |
Total earning assets | 2,726,253 | 2,648,006 |
Cash and due from banks | 16,782 | 12,943 |
Bank premises and equipment, net | 59,762 | 60,295 |
Accrued interest receivable | 7,027 | 5,945 |
Deferred income tax asset | 4,730 | 6,136 |
Other real estate | 697 | 697 |
Bank owned life insurance | 31,945 | 31,762 |
Other assets | 25,042 | 23,620 |
Goodwill | 4,805 | 4,805 |
Total assets | 2,877,043 | 2,794,209 |
Liabilities and Stockholders’ Equity | ||
Deposits | 2,485,537 | 2,417,605 |
Federal Home Loan Bank advances | 20,808 | 23,613 |
Accrued interest and other liabilities | 21,701 | 16,007 |
Total liabilities | 2,528,046 | 2,457,225 |
Stockholders’ equity: | ||
Common stock, $2.00 par value; authorized 50,000,000 shares, issued and outstanding 10,891,672 and 10,792,999 shares, respectively | 21,783 | 21,586 |
Additional paid-in capital | 87,407 | 82,249 |
Retained earnings | 235,011 | 232,456 |
Net unrealized gains on available-for-sale securities, net of income taxes of $1,697 and $245, respectively | 4,796 | 693 |
Total stockholders’ equity | 348,997 | 336,984 |
Total liabilities and stockholders’ equity | $ 2,877,043 | $ 2,794,209 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Available-for-sale, amortized cost | $ 400,731 | $ 420,207 |
Common stock, par value (in dollars per share) | $ 2 | $ 2 |
Common stock, shares authorized (in shares) | 50,000,000 | 50,000,000 |
Common stock, shares issued (in shares) | 10,891,672 | 10,792,999 |
Common stock, shares outstanding (in shares) | 10,891,672 | 10,792,999 |
Net unrealized gains on available-for-sale securities, income taxes | $ 1,697 | $ 245 |
Consolidated Statements of Earn
Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Interest income: | ||
Interest and fees on loans | $ 27,276 | $ 25,774 |
Interest and dividends on securities: | ||
Taxable securities | 2,040 | 1,607 |
Exempt from federal income taxes | 242 | 167 |
Interest on loans held for sale | 108 | 78 |
Interest on federal funds sold | 56 | 8 |
Interest on balances held at depository institutions | 316 | 600 |
Interest and dividends on restricted securities | 49 | 50 |
Total interest income | 30,087 | 28,284 |
Interest expense: | ||
Interest on negotiable order of withdrawal accounts | 443 | 572 |
Interest on money market and savings accounts | 1,359 | 1,740 |
Interest on time deposits | 3,041 | 2,886 |
Interest on Federal Home Loan Bank advances | 151 | 13 |
Total interest expense | 4,994 | 5,211 |
Net interest income before provision for loan losses | 25,093 | 23,073 |
Provision for loan losses | 1,469 | 1,033 |
Net interest income after provision for loan losses | 23,624 | 22,040 |
Non-interest income: | ||
Service charges on deposit accounts | 1,675 | 1,663 |
Other fees and commissions | 3,508 | 3,107 |
Income on BOLI and annuity contracts | 183 | 199 |
Gain on sale of loans | 911 | 1,646 |
Loss on the sale of fixed assets | 0 | (1) |
Loss on sale of other real estate | 0 | (45) |
Gain (loss) on sale of securities | 158 | (309) |
Total non-interest income | 6,435 | 6,260 |
us-gaap_NoninterestExpenseAbstract | ||
Salaries and employee benefits | 11,132 | 10,410 |
Occupancy expenses, net | 1,150 | 1,114 |
Advertising & public relations expense | 603 | 477 |
Furniture and equipment expense | 768 | 772 |
Data processing expense | 1,169 | 978 |
ATM & interchange expense | 873 | 784 |
Directors’ fees | 158 | 134 |
Audit, legal & consulting expenses | 180 | 100 |
Other operating expenses | 2,669 | 2,649 |
Total non-interest expense | 18,702 | 17,418 |
Earnings before income taxes | 11,357 | 10,882 |
Income taxes | 2,326 | 2,592 |
Net earnings | $ 9,031 | $ 8,290 |
Weighted average number of common shares outstanding-basic (in shares) | 10,864,866 | 10,701,602 |
Weighted average number of common shares outstanding-diluted (in shares) | 10,886,456 | 10,716,872 |
Basic earnings per common share (in dollars per share) | $ 0.83 | $ 0.77 |
Diluted earnings per common share (in dollars per share) | 0.83 | 0.77 |
Cash dividends declared, per share (in dollars per share) | $ 0.60 | $ 0.55 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Earnings (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Net earnings | $ 9,031 | $ 8,290 |
Other comprehensive earnings , net of tax: | ||
Unrealized gains on available-for-sale securities arising during period, net of taxes of $1,493 and $802, respectively | 4,220 | 2,270 |
Reclassification adjustment for net losses (gains) on the sale of securities included in net earnings, net of taxes of $41 and $81, respectively | (117) | 228 |
Other comprehensive earnings | 4,103 | 2,498 |
Comprehensive earnings | $ 13,134 | $ 10,788 |
Consolidated Statements of Co_2
Consolidated Statements of Comprehensive Earnings (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Unrealized gains on available-for-sale securities arising during period, taxes | $ 1,493 | $ 802 |
Reclassification adjustment for net losses on the sale of securities included in net earnings, taxes | $ 41 | $ 81 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock Outstanding [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Parent [Member] | Total |
Balance at Dec. 31, 2018 | $ 21,248 | $ 73,960 | $ 208,164 | $ (7,705) | $ 295,667 | ||
Cash dividends declared | (5,843) | (5,843) | |||||
Issuance of shares of common stock pursuant to dividend reinvestment plan | 183 | 4,368 | 4,551 | ||||
Issuance of shares of common stock pursuant to exercise of stock options | 17 | 289 | 306 | ||||
Share based compensation expense | 0 | 99 | 99 | ||||
Net change in fair value of available-for-sale securities during the year, net of taxes | 2,498 | 2,498 | |||||
Net earnings for the quarter | 8,290 | 8,290 | |||||
Balance (Accounting Standards Update 2016-02 [Member]) at Mar. 31, 2019 | $ (27) | $ (27) | |||||
Balance at Mar. 31, 2019 | 21,448 | 78,716 | 210,584 | (5,207) | 305,541 | ||
Balance at Dec. 31, 2019 | 21,586 | 82,249 | 232,456 | 693 | 336,984 | ||
Cash dividends declared | (6,476) | (6,476) | |||||
Issuance of shares of common stock pursuant to dividend reinvestment plan | 183 | 4,825 | 5,008 | ||||
Issuance of shares of common stock pursuant to exercise of stock options | 14 | 225 | 239 | ||||
Share based compensation expense | 108 | 108 | |||||
Net change in fair value of available-for-sale securities during the year, net of taxes | 4,103 | 4,103 | |||||
Net earnings for the quarter | 9,031 | 9,031 | |||||
Balance at Mar. 31, 2020 | $ 21,783 | $ 87,407 | $ 235,011 | $ 4,796 | $ 348,997 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Cash dividends declared, per share (in dollars per share) | $ 0.60 | $ 0.55 |
Issuance of shares of common stock pursuant to dividend reinvestment plan, shares (in shares) | 91,471 | 91,487 |
Issuance of shares of common stock, shares (in shares) | 7,202 | 8,763 |
Net change in fair value of available-for-sale securities during the period, taxes | $ 1,452 | $ 883 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Cash flows from operating activities: | ||
Interest received | $ 29,776 | $ 28,297 |
Fees and commissions received | 5,183 | 4,770 |
Proceeds from sale of loans held for sale | 30,447 | 35,664 |
Origination of loans held for sale | (33,540) | (38,415) |
Interest paid | (5,594) | (4,903) |
Cash paid to suppliers and employees | (14,090) | (13,708) |
Income taxes paid | (1,006) | (1,036) |
Net cash provided by operating activities | 11,176 | 10,669 |
Cash flows from investing activities: | ||
Proceeds from maturities, calls, and principal payments of available-for-sale securities | 52,323 | 7,532 |
Proceeds from the sale of available-for-sale securities | 19,998 | 24,621 |
Purchase of available-for-sale securities | (53,458) | (122,376) |
Loans made to customers, net of repayments | (76,025) | (7,979) |
Purchase of restricted equity securities | 0 | (394) |
Purchase of premises and equipment | (465) | (842) |
Proceeds from sale of other real estate | 0 | 276 |
Proceeds from sale of other assets | 0 | 2 |
Net cash used in investing activities | (57,627) | (99,160) |
Cash flows from financing activities: | ||
Net increase in non-interest bearing, savings and NOW deposit accounts | 79,718 | 42,024 |
Net increase (decrease) in time deposits | (11,786) | 37,830 |
Net increase (decrease) in Federal Home Loan Bank advances | (2,805) | 32,000 |
Common stock dividends paid | (6,476) | (5,843) |
Proceeds from sale of common stock pursuant to dividend reinvestment plan | 5,008 | 4,551 |
Proceeds from exercise of stock options | 239 | 306 |
Net cash provided by financing activities | 63,898 | 110,868 |
Net increase in cash and cash equivalents | 17,447 | 22,377 |
Cash and cash equivalents at beginning of period | 159,770 | 99,191 |
Cash and cash equivalents at end of period | 177,217 | 121,568 |
Reconciliation of net earnings to net cash provided by operating activities: | ||
Net earnings | 9,031 | 8,290 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
Depreciation, amortization, and accretion | 1,769 | 1,381 |
Provision for loan losses | 1,469 | 1,033 |
Loss on sale of other real estate | 0 | 45 |
Loss (gain) on sale of securities | (158) | 309 |
Share-based compensation expense | 108 | 99 |
Loss on the sale of bank premises and equipment | 0 | 1 |
Increase in loans held for sale | (4,004) | (4,397) |
Increase in deferred tax asset | (46) | (74) |
Increase in other assets, bank owned life insurance and annuity contract earnings, net | (1,605) | (124) |
Increase in interest receivable | (1,082) | (390) |
Increase in other liabilities | 4,928 | 2,558 |
Increase in taxes payable | 1,366 | 1,630 |
Increase (decrease) in interest payable | (600) | 308 |
Total adjustments | 2,145 | 2,379 |
Net cash provided by operating activities | 11,176 | 10,669 |
Supplemental schedule of non-cash activities: | ||
Unrealized gain in value of securities available-for-sale, net of taxes of $1,452 and $883 for the three months ended March 31, 2020 and 2019, respectively | 4,103 | 2,498 |
Non-cash transfers from loans to other real estate | 0 | 139 |
Non-cash transfers from loans to other assets | $ 0 | $ 2 |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Change in fair value of securities available-for-sale, taxes | $ 1,452 | $ 883 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 1. Nature of Business Basis of Presentation 10 not 10 December 31, 2019 These consolidated financial statements include the accounts of the Company and the Bank. Significant intercompany transactions and accounts are eliminated in consolidation. Use of Estimates 10 December 31, 2019 no 10 December 31, 2019 Loans — Loans are charged off when management believes that the full collectability of the loan is unlikely. As such, a loan may Loans are placed on nonaccrual status when there is a significant deterioration in the financial condition of the borrower, which often is determined when the principal or interest on the loan is more than 90 not All loans that are placed on nonaccrual are further analyzed to determine if they should be classified as impaired loans. At December 31, 2019 March 31, 2020 not not one may Allowance for Loan Losses — In assessing the adequacy of the allowance, we also consider the results of our ongoing independent loan review process. We undertake this process both to ascertain whether there are loans in the portfolio whose credit quality has weakened over time and to assist in our overall evaluation of the risk characteristics of the entire loan portfolio. Our loan review process includes the judgment of management, independent loan reviewers, and reviews that may third may Recently Issued Accounting Pronouncements ASU 2016 - 13, “Financial Instruments - Credit Losses (Topic 326 ): Measurement of Credit Losses on Financial Instruments.” 2016 13 2016 13 ASU 2016 13 January 1, 2020. March 27, 2020, 2016 13, 60 19 December 31, 2020, We currently believe the adoption of ASU 2016 13 January 1, 2020. March 31, 2020, 2016 13 Prior to the CARES Act being signed and the Company’s decision to delay the implementation of CECL, the Company was completing its CECL implementation plan with a cross-functional working group, under the direction of the Chief Credit Officer along with our Chief Financial Officer. The working group also included individuals from various functional areas including credit, risk management, accounting and information technology, among others. The Company’s implementation plan included assessment and documentation of processes, internal controls and data sources; model development, documentation and validation; and system configuration, among other things. The Company contracted with a third 2016 13 2016 13 not 2016 13 not ASU 2017 - 04, “Intangibles - Goodwill and Other (Topic 350 ) - Simplifying the Test for Goodwill Impairment.” 2017 04 2 2017 04, not 2017 04 January 1, 2020, not ASU 2018 - 13, "Fair Value Measurement (Topic 820 ) - Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement." 2018 13 820. no 2018 13 January 1, 2020 not |
Note 2 - Loans and Allowance fo
Note 2 - Loans and Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 2. For financial reporting purposes, the Company classifies its loan portfolio based on the underlying collateral utilized to secure each loan. This classification is consistent with that utilized in the Quarterly Report of Condition and Income filed by the Bank with the Federal Deposit Insurance Corporation (“FDIC”). The following schedule details the loans of the Company at March 31, 2020 December 31, 2019 (In Thousands) March 31, 2020 December 31, 2019 Mortgage loans on real estate: Residential 1-4 family $ 519,775 $ 511,250 Multifamily 151,929 97,104 Commercial 841,521 793,379 Construction and land development 388,769 425,185 Farmland 18,610 19,268 Second mortgages 11,254 10,760 Equity lines of credit 74,908 72,379 Total mortgage loans on real estate 2,006,766 1,929,325 Commercial loans 95,547 98,265 Agricultural loans 1,487 1,569 Consumer installment loans Personal 51,961 50,532 Credit cards 3,999 4,302 Total consumer installment loans 55,960 54,834 Other loans 9,927 9,049 Total loans before net deferred loan fees 2,169,687 2,093,042 Net deferred loan fees (7,675 ) (7,141 ) Total loans 2,162,012 2,085,901 Less: Allowance for loan losses (30,281 ) (28,726 ) Net loans $ 2,131,731 $ 2,057,175 Risk characteristics relevant to each portfolio segment are as follows: Construction and land development: may may may 1 4 1 4 first second 1 4 first second second 1 4 Multi-family and commercial real estate: Commercial real estate lending typically involves higher loan principal amounts and the repayment of these loans is generally largely dependent on the successful operation of the property securing the loan or the business conducted on the property securing the loan. Commercial real estate loans may third 50 third Commercial and Industrial: may not may may may Consumer: may one five may The adequacy of the allowance for loan losses is assessed at the end of each calendar quarter. The level of the allowance is based upon evaluation of the loan portfolio, past loan loss experience, current asset quality trends, known and inherent risks in the portfolio, adverse situations that may Transactions in the allowance for loan losses for the three March 31, 2020 2019 December 31, 2019 (In Thousands) Residential 1-4 Family Multifamily Commercial Real Estate Construction Farmland Second Mortgages Equity Lines of Credit Commercial Agricultural, Installment and Other Total March 31, 2020 Allowance for loan losses: Beginning balance $ 7,144 1,117 11,114 5,997 187 123 889 1,044 1,111 28,726 Provision 198 524 1,330 (816 ) (10 ) 4 (44 ) (46 ) 329 1,469 Charge-offs — — — — — — — — (355 ) (355 ) Recoveries 9 — 300 19 — — — — 113 441 Ending balance $ 7,351 1,641 12,744 5,200 177 127 845 998 1,198 30,281 Ending balance individually evaluated for impairment $ 715 — 220 — — — — — — 935 Ending balance collectively evaluated for impairment $ 6,636 1,641 12,524 5,200 177 127 845 998 1,198 29,346 Loans: Ending balance $ 519,775 151,929 841,521 388,769 18,610 11,254 74,908 95,547 67,374 2,169,687 Ending balance individually evaluated for impairment $ 1,429 — 999 — — — — — — 2,428 Ending balance collectively evaluated for impairment $ 518,346 151,929 840,522 388,769 18,610 11,254 74,908 95,547 67,374 2,167,259 Residential 1-4 Family Multifamily Commercial Real Estate Construction Farmland Second Mortgages Equity Lines of Credit Commercial Agricultural, Installment and Other Total December 31, 2019 Allowance for loan losses: Beginning balance $ 6,297 1,481 9,753 7,084 221 118 731 622 867 27,174 Provision 838 (364 ) 1,484 (1,510 ) (34 ) 5 158 422 1,041 2,040 Charge-offs (15 ) — (173 ) — — — — (15 ) (1,160 ) (1,363 ) Recoveries 24 — 50 423 — — — 15 363 875 Ending balance $ 7,144 1,117 11,114 5,997 187 123 889 1,044 1,111 28,726 Ending balance individually evaluated for impairment $ 795 — 341 — — — — — — 1,136 Ending balance collectively evaluated for impairment $ 6,349 1,117 10,773 5,997 187 123 889 1,044 1,111 27,590 Loans: Ending balance $ 511,250 97,104 793,379 425,185 19,268 10,760 72,379 98,265 65,452 2,093,042 Ending balance individually evaluated for impairment $ 2,569 — 2,471 — — — — — — 5,040 Ending balance collectively evaluated for impairment $ 508,681 97,104 790,908 425,185 19,268 10,760 72,379 98,265 65,452 2,088,002 Residential 1-4 Family Multifamily Commercial Real Estate Construction Farmland Second Mortgages Equity Lines of Credit Commercial Agricultural, Installment and Other Total March 31, 2019 Allowance for loan losses: Beginning balance $ 6,297 1,481 9,753 7,084 221 118 731 622 867 27,174 Provision 261 19 510 (259 ) (5 ) 3 (4 ) 163 345 1,033 Charge-offs — — — — — — — — (296 ) (296 ) Recoveries 7 — — 267 — — — — 95 369 Ending balance $ 6,565 1,500 10,263 7,092 216 121 727 785 1,011 28,280 Ending balance individually evaluated for impairment $ 845 — 142 — — — — — — 987 Ending balance collectively evaluated for impairment $ 5,720 1,500 10,121 7,092 216 121 727 785 1,011 27,293 Loans: Ending balance $ 458,304 136,385 727,394 495,061 23,438 11,465 61,656 77,921 66,377 2,058,001 Ending balance individually evaluated for impairment $ 2,802 — 1,826 — — — — — — 4,628 Ending balance collectively evaluated for impairment $ 455,502 136,385 725,568 495,061 23,438 11,465 61,656 77,921 66,377 2,053,373 Impaired Loans At March 31, 2020 f $311,000 December 31, 2019 March 31, 2020 December 31, 2019 In Thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized March 31, 2020 With no related allowance recorded: Residential 1-4 family $ 140 139 — 615 2 Multifamily — — — — — Commercial real estate 311 311 — 631 — Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 451 $ 450 — $ 1,246 $ 2 With related allowance recorded: Residential 1-4 family $ 1,292 1,290 715 1,391 17 Multifamily — — — — — Commercial real estate 690 688 220 1,106 8 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 1,982 $ 1,978 $ 935 $ 2,497 $ 25 Total Residential 1-4 family $ 1,432 1,429 715 2,006 19 Multifamily — — — — — Commercial real estate 1,001 999 220 1,737 8 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 2,433 $ 2,428 $ 935 $ 3,743 $ 27 In Thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2019 With no related allowance recorded: Residential 1-4 family $ 1,090 1,464 — 1,090 99 Multifamily — — — — — Commercial real estate 951 1,124 — 910 17 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 2,041 2,588 — 2,000 116 With related allowance recorded: Residential 1-4 family $ 1,489 1,480 795 1,590 83 Multifamily — — — — — Commercial real estate 1,522 1,520 341 2,015 17 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 3,011 3,000 1,136 3,605 100 Total: Residential 1-4 family $ 2,579 2,944 795 2,680 182 Multifamily — — — — — Commercial real estate 2,473 2,644 341 2,925 34 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 5,052 5,588 1,136 5,605 216 Impaired loans also include loans that the Bank may may may Not Troubled Debt Restructuring The Bank’s loan portfolio includes certain loans that have been modified in a troubled debt restructuring ("TDR"), where economic or other concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from the Bank’s loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Certain TDRs are classified as nonperforming at the time of restructure and may six The following table summarizes the carrying balances of TDRs at March 31, 2020 December 31, 2019 March 31, 2020 December 31, 2019 (In thousands) Performing TDRs $ 2,061 $ 3,080 Nonperforming TDRs 811 1,467 Total TDRS $ 2,872 $ 4,547 The following table outlines the amount of each troubled debt restructuring categorized by loan classification for the three March 31, 2020 three March 31, 2019 March 31, 2020 March 31, 2019 Number of Contracts Pre Modification Outstanding Recorded Investment Post Modification Outstanding Recorded Investment, Net of Related Allowance Number of Contracts Pre Modification Outstanding Recorded Investment Post Modification Outstanding Recorded Investment, Net of Related Allowance Residential 1-4 family — $ — $ — — $ — $ — Multifamily — — — — — — Commercial real estate 1 111 132 — — — Construction — — — — — — Farmland — — — — — — Second mortgages — — — — — — Equity lines of credit — — — — — — Commercial — — — — — — Agricultural, installment and other — — — — — — Total 1 $ 111 $ 132 — $ — $ — As of March 31, 2020 one twelve December 31, 2019, no twelve In response to the COVID- 19 March 2020 90 90 six may not March 1, 2020 December 31, 2020 60 19 As of April 30, 2020, none April 30, 2020. As of March 31, 2020 to approximately $1.0 million December 31, 2019 not Potential problem loans, which include nonperforming loans, amounted to approxim ately million at March 31, 2020 and million a December 31, 2019 The following summary presents the Bank's loan balances by primary loan classification and the amount classified within each risk rating category. Pass rated loans include all credits other than those included in special mention, substandard and doubtful which are defined as follows: • Special mention loans have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may • Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have a well-defined weakness or weaknesses that jeopardize liquidation of the debt. Substandard loans are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not • Doubtful loans have all the characteristics of substandard loans with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. The Bank considers all doubtful loans to be impaired and places such loans on nonaccrual status. The following table is a summary of the Bank’s loan portfolio by risk rating at March 31, 2020 December 31, 2019 (In Thousands) Residential 1-4 Family Multifamily Commercial Real Estate Construction Farmland Second Mortgages Equity Lines of Credit Commercial Agricultural, installment and other Total March 31, 2020 Credit Risk Profile by Internally Assigned Rating Pass $ 511,772 151,929 840,914 388,674 18,453 10,857 74,754 95,525 67,185 2,160,063 Special Mention 5,096 — — 63 102 273 10 — 78 5,622 Substandard 2,907 — 607 32 55 124 144 22 111 4,002 Doubtful — — — — — — — — — — Total $ 519,775 151,929 841,521 388,769 18,610 11,254 74,908 95,547 67,374 2,169,687 December 31, 2019 Credit Risk Profile by Internally Assigned Rating Pass $ 503,861 97,104 791,610 424,517 19,106 10,458 72,237 98,243 65,255 2,082,391 Special Mention 2,923 — — 635 103 174 — — 101 3,936 Substandard 4,466 — 1,769 33 59 128 142 22 96 6,715 Doubtful — — — — — — — — — — Total $ 511,250 97,104 793,379 425,185 19,268 10,760 72,379 98,265 65,452 2,093,042 |
Note 3 - Debt and Equity Securi
Note 3 - Debt and Equity Securities | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3. Debt and equity securities have been classified in the consolidated balance sheet according to management’s intent. Debt and equity securities at March 31, 2020 December 31, 2019 March 31, 2020 Securities Available-For-Sale In Thousands Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Market Value U.S. Government-sponsored enterprises (GSEs) $ 52,754 $ 305 $ 121 $ 52,938 Mortgage-backed securities 248,255 6,219 258 254,216 Asset-backed securities 26,358 375 403 26,330 Obligations of states and political subdivisions 73,364 1,291 915 73,740 $ 400,731 $ 8,190 $ 1,697 $ 407,224 December 31, 2019 Securities Available-For-Sale In Thousands Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Market Value U.S. Government-sponsored enterprises (GSEs) $ 59,735 $ 48 $ 204 $ 59,579 Mortgage-backed securities 265,648 2,300 635 267,313 Asset-backed securities 27,531 1 303 27,229 Obligations of states and political subdivisions 67,293 559 828 67,024 $ 420,207 $ 2,908 $ 1,970 $ 421,145 There were no debt and equity securities classified as held-to-maturity at March 31, 2020 December 31, 2019 Included in mortgage-backed securities are collateralized mortgage obligations tota ling $44,027,000 (fair value of $45,045,000) March 31, 2020 December 31, 2019 The amortized cost and estimated market value of debt securities at March 31, 2020 may Available-For-Sale In Thousands Amortized Cost Estimated Market Value Due in one year or less $ 470 $ 469 Due after one year through five years 12,372 12,486 Due after five years through ten years 70,268 71,430 Due after ten years 317,621 322,839 $ 400,731 $ 407,224 The following table shows the gross unrealized losses and fair value of the Company’s investments with unrealized losses that are not March 31, 2020 December 31, 2019 In Thousands, Except Number of Securities Less than 12 Months 12 Months or More Total March 31, 2020 Fair Value Unrealized Losses Number of Securities Included Fair Value Unrealized Losses Number of Securities Included Fair Value Unrealized Losses Available-for-Sale Securities: GSEs $ 7,093 $ 121 3 $ — $ — — $ 7,093 $ 121 Mortgage-backed securities 17,935 206 9 5,163 52 14 23,098 258 Asset-backed securities 9,664 403 2 — — — 9,664 403 Obligations of states and political subdivisions 30,592 873 38 1,173 42 3 31,765 915 $ 65,284 $ 1,603 52 $ 6,336 $ 94 17 $ 71,620 $ 1,697 In Thousands, Except Number of Securities Less than 12 Months 12 Months or More Total December 31, 2019 Fair Value Unrealized Losses Number of Securities Included Fair Value Unrealized Losses Number of Securities Included Fair Value Unrealized Losses Available-for-Sale Securities: GSEs $ 16,507 $ 114 5 $ 24,658 $ 90 9 $ 41,165 $ 204 Mortgage-backed securities 45,862 182 21 56,917 453 52 102,779 635 Asset-backed securities 17,807 161 10 7,317 142 4 25,124 303 Obligations of states and political subdivisions 30,423 783 26 3,858 45 10 34,281 828 $ 110,599 $ 1,240 62 $ 92,750 $ 730 75 $ 203,349 $ 1,970 Unrealized losses on securities have not not March 31, 2020 not not not The carrying values of the Company’s investment securities could decline in the future if the financial condition of issuers deteriorates and management determines it is probable that the Company will not may |
Note 4 - Earnings Per Share
Note 4 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 4. The computation of basic earnings per share is based on the weighted average number of common shares outstanding during the period, adjusted for stock splits. The computation of diluted earnings per share for the Company begins with the basic earnings per share and includes the effect of common shares contingently issuable from stock options. The following is a summary of components comprising basic and diluted earnings per share (“EPS”) for the three March 31, 2020 2019 Three Months Ended March 31, 2020 2019 (Dollars in Thousands Except Share and Per Share Amounts) Basic EPS Computation: Numerator – Earnings available to common stockholders $ 9,031 $ 8,290 Denominator – Weighted average number of common shares outstanding 10,864,866 10,701,602 Basic earnings per common share 0.83 $ 0.77 Diluted EPS Computation: Numerator – Earnings available to common stockholders $ 9,031 $ 8,290 Denominator – Weighted average number of common shares outstanding 10,864,866 10,701,602 Dilutive effect of stock options 21,590 15,270 Weighted average diluted common shares outstanding 10,886,456 10,716,872 Diluted earnings per common share 0.83 $ 0.77 |
Note 5 - Income Taxes
Note 5 - Income Taxes | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 5. Accounting Standards Codification (“ASC”) 740, Income Taxes not” March 31, 2020 not March 31, 2020 As of and for the three March 31, 2020 not The Company and the Bank file consolidated U.S. Federal and State of Tennessee income tax returns. The Company is currently open to audit under the statute of limitations by the State of Tennessee for the years ended December 31, 2016 2019 December 31, 2017 2019. |
Note 6 - Commitments and Contin
Note 6 - Commitments and Contingent Liabilities | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 6. In the normal course of business, the Bank has entered into off-balance sheet financial instruments which include commitments to extend credit (i.e., including unfunded lines of credit) and standby letters of credit. Commitments to extend credit are usually the result of lines of credit granted to existing borrowers under agreements that the total outstanding indebtedness will not may may Standby letters of credit are generally issued on behalf of an applicant (the Bank's customer) to a specifically named beneficiary and are the result of a particular business arrangement that exists between the applicant and the beneficiary. Standby letters of credit have fixed expiration dates and are usually for terms of two third The Bank follows the same credit policies and underwriting practices when making these commitments as it does for on-balance sheet instruments. Each customer’s creditworthiness is evaluated on a case-by-case basis, and the amount of collateral obtained, if any, is based on management’s credit evaluation of the customer. Collateral held varies but may The contractual amounts of these commitments are not not A summary of the Company’s total contractual amount for all off-balance sheet commitments at March 31, 2020 Commitments to extend credit $ 684,851,000 Standby letters of credit $ 72,727,000 The Bank originates residential mortgage loans, sells them to third not fourth 2018, not Each purchaser has specific guidelines and criteria for sellers of loans, and the risk of credit loss with regard to the principal amount of the loans sold is generally transferred to the purchasers upon sale. While the loans are sold without recourse, the purchase agreements require the Bank to make certain representations and warranties regarding the existence and sufficiency of file documentation and the absence of fraud by borrowers or other third To date, repurchase activity pursuant to the terms of these representations and warranties has been insignificant and has resulted in insignificant losses to the Company. Based on information currently available, management believes that the Bank does not may Various legal claims also arise from time to time in the normal course of business. In the opinion of management, the resolution of these claims outstanding at March 31, 2020 not |
Note 7 - Fair Value Measurement
Note 7 - Fair Value Measurements | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 7. FASB ASC 820, Fair Value Measurements and Disclosures not not Valuation Hierarchy FASB ASC 820 three three • Level 1 • Level 2 • Level 3 A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Following is a description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of such assets and liabilities pursuant to the valuation hierarchy. Assets Securities available-for-sale — 1 1 not 2 3 Impaired loans — may 3 Other real estate owned — 3 Bank Owned Life Insurance — 3 not Mortgage loans held-for-sale 2 Mortgage banking derivatives 2 The following tables present the financial instruments carried at fair value as of March 31, 2020 December 31, 2019 820 Assets and Liabilities Measured at Fair Value on a Recurring Basis (In Thousands) Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) March 31, 2020 Investment securities available-for-sale: U.S. Government sponsored enterprises $ 52,938 — 52,938 — Mortgage-backed securities 254,216 — 254,216 — Asset-backed securities 26,330 — 26,330 — State and municipal securities 73,740 — 73,740 — Total investment securities available-for-sale 407,224 — 407,224 — Mortgage loans held for sale 22,183 — 22,183 — Mortgage banking derivatives 503 — 503 — Bank owned life insurance 31,945 — — 31,945 Total assets $ 461,855 — 429,910 31,945 Mortgage banking derivatives $ 385 — 385 — Total liabilities $ 385 — 385 — December 31, 2019 Investment securities available-for-sale: U.S. Government sponsored enterprises $ 59,579 — 59,579 — Mortgage-backed securities 267,313 — 267,313 — Asset-backed securities 27,229 — 27,229 — State and municipal securities 67,024 — 67,024 — Total investment securities available-for-sale 421,145 — 421,145 — Mortgage loans held for sale 18,179 — 18,179 — Mortgage banking derivatives 328 — 328 — Bank owned life insurance 31,762 — — 31,762 Total assets $ 471,414 — 439,652 31,762 Mortgage banking derivatives $ 23 — 23 — Total liabilities $ 23 — 23 — Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis (In Thousands) Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) March 31, 2020 Other real estate owned $ 697 — — 697 Impaired loans, net (¹) 1,498 — — 1,498 Total $ 2,195 — — 2,195 December 31, 2019 Other real estate owned $ 697 — — 697 Impaired loans, net (¹) 3,916 — — 3,916 Total $ 4,613 — — 4,613 ( 1 Amount is net of a valuation allowance of at March 31, 2020 and at December 31, 2019 as required by ASC 310, The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which we have utilized Level 3 March 31, 2020 December 31, 2019 Valuation Techniques (2) Significant Unobservable Inputs Weighted Average Impaired loans Appraisal Estimated costs to sell 10% Other real estate owned Appraisal Estimated costs to sell 10% ( 2 The fair value is generally determined through independent appraisals of the underlying collateral, which may 3 not not In the case of its investment securities portfolio, the Company monitors the valuation technique utilized by various pricing agencies to ascertain when transfers between levels have been affected. The nature of the remaining assets and liabilities is such that transfers in and out of any level are expected to be rare. For the three March 31, 2020 no 1, 2 3. The table below includes a rollforward of the balance sheet amounts for the three March 31, 2020 2019 3 3 3 3 For the Three Months Ended March 31, 2020 2019 Other Assets Other Liabilities Other Assets Other Liabilities Fair value, January 1 $ 31,762 — $ 30,952 — Total realized gains included in income 183 — 199 — Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at March 31 — — — — Purchases, issuances and settlements, net — — — — Transfers out of Level 3 — — — — Fair value, March 31 $ 31,945 — $ 31,151 — Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet at March 31 $ 183 — $ 199 — The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments that are not not March 31, 2020 December 31, 2019 not may Cash and cash equivalents 1. Held-to-maturity securities not Loans For variable-rate loans that reprice frequently and have no Deposits and Federal Home Loan Bank borrowings Restricted equity securities not Accrued interest receivable/payable 1, 2 3 Off-Balance Sheet Instruments not The following table presents the carrying amounts, estimated fair value and placement in the fair valuation hierarchy of the Company’s financial instruments at March 31, 2020 December 31, 2019 Carrying/ Notional Estimated Quote Market Prices in an Active Market Models with Significant Observable Market Parameters Models with Significant Unobservable Market Parameters (in Thousands) Amount Fair Value (¹) (Level 1) (Level 2) (Level 3) March 31, 2020 Financial assets: Cash and cash equivalents $ 177,217 177,217 177,217 — — Loans, net 2,131,731 2,141,796 — — 2,141,796 Restricted equity securities 4,680 NA NA NA NA Accrued interest receivable 7,027 7,027 — 1,534 5,493 Financial liabilities: Deposits 2,485,537 2,349,761 — — 2,349,761 Federal Home Loan Bank borrowings 20,808 21,485 — — 21,485 Accrued interest payable 3,214 3,214 — — 3,214 December 31, 2019 Financial assets: Cash and cash equivalents $ 159,770 159,770 159,770 — — Loans, net 2,057,175 2,053,212 — — 2,053,212 Restricted equity securities 4,680 NA NA NA NA Accrued interest receivable 5,945 5,945 5 1,647 4,293 Financial liabilities: Deposits 2,417,605 2,210,038 — — 2,210,038 Federal Home Loan Bank borrowings 23,613 23,860 — — 23,860 Accrued interest payable 3,814 3,814 — — 3,814 ( 1 Estimated fair values are consistent with an exit-price concept. The assumptions used to estimate the fair values are intended to approximate those that a market-participant would realize in a hypothetical orderly transaction. |
Note 8 - Equity Incentive Plan
Note 8 - Equity Incentive Plan | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | Note 8. In April 2009, 2009 “2009 2009 April 14, 2009. 2009 2009 2009 2009 April 13, 2019, no may 2009 2009 March 31, 2020 2009 During the second 2016, 2016 2016 January 25, 2016 April 12, 2016. September 26, 2016, 2016 “2016 not may 2016 March 31, 2020 2016 March 31, 2020 2016 As of March 31, 2020 The following table summarizes information about stock options and cash-settled SARs for the three March 31, 2020 2019 March 31, 2020 March 31, 2019 Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Options and SARs outstanding at beginning of period 273,039 $ 41.19 277,820 $ 40.11 Granted — — — — Exercised 7,654 33.82 9,013 35.13 Forfeited or expired 4,300 39.46 — — Outstanding at end of period 261,085 $ 41.43 268,807 $ 40.28 Options and SARs exercisable at March 31 142,692 $ 40.40 109,897 $ 39.44 As of March 31, 2020 |
Note 9 - Mortgage Banking Deriv
Note 9 - Mortgage Banking Derivatives | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Note 9. C ommitments to fund certain mortgage loans (interest rate locks) to be sold into the secondary market and forward commitments for the future delivery of mortgage loans to third March 31, 2020 and December 31, 2019 , the Company had approximately and , respectively, of interest rate lock commitments and approximately and , respectively, of forward commitments for the future delivery of residential mortgage loans. The fair value of these mortgage banking derivatives was reflected by derivative assets of and and derivative liabilities of and , respectively, at March 31, 2020 and December 31, 2019 . Changes in the fair values of these mortgage-banking derivatives are included in net gains on sale of loans. The net gains (losses) relating to free-standing derivative instruments used for risk management is summarized below (in thousands): In Thousands March 31, 2020 March 31, 2019 Forward contracts related to mortgage loans held for sale and interest rate contracts $ (362 ) (70 ) Interest rate contracts for customers 175 440 The following table reflects the amount and fair value of mortgage banking derivatives included in the consolidated balance sheet as of March 31, 2020 December 31, 2019 In Thousands March 31, 2020 December 31, 2019 Notional Amount Fair Value Notional Amount Fair Value Included in other assets (liabilities): Interest rate contracts for customers $ 16,667 503 10,307 328 Forward contracts related to mortgage loans held-for-sale 22,000 (385 ) 14,000 (23 ) |
Note 10 - Pandemic Impact (COVI
Note 10 - Pandemic Impact (COVID-19) | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Effect of COVID-19 Pandemic [Text Block] | Note 10. 19 In March 2020, 19 April 2, 2020 not 19 may 19 As a result of the pandemic, many states and municipalities are facing a strain on resources and a reduction in tax collections. As a result, state and municipalities have asked for potential assistance from the Federal government to cover the cost of resource depletion and tax shortfalls. The ability of states and municipalities to fund shortfalls could have an affect on their ability to sustain debt maintenance, which would consequently impact the value of our municipal bond portfolio. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
Nature of Business [Policy Text Block] | Nature of Business |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation 10 not 10 December 31, 2019 These consolidated financial statements include the accounts of the Company and the Bank. Significant intercompany transactions and accounts are eliminated in consolidation. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates 10 December 31, 2019 no 10 December 31, 2019 |
Financing Receivable [Policy Text Block] | Loans — Loans are charged off when management believes that the full collectability of the loan is unlikely. As such, a loan may Loans are placed on nonaccrual status when there is a significant deterioration in the financial condition of the borrower, which often is determined when the principal or interest on the loan is more than 90 not All loans that are placed on nonaccrual are further analyzed to determine if they should be classified as impaired loans. At December 31, 2019 March 31, 2020 not not one may |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | Allowance for Loan Losses — In assessing the adequacy of the allowance, we also consider the results of our ongoing independent loan review process. We undertake this process both to ascertain whether there are loans in the portfolio whose credit quality has weakened over time and to assist in our overall evaluation of the risk characteristics of the entire loan portfolio. Our loan review process includes the judgment of management, independent loan reviewers, and reviews that may third may |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Issued Accounting Pronouncements ASU 2016 - 13, “Financial Instruments - Credit Losses (Topic 326 ): Measurement of Credit Losses on Financial Instruments.” 2016 13 2016 13 ASU 2016 13 January 1, 2020. March 27, 2020, 2016 13, 60 19 December 31, 2020, We currently believe the adoption of ASU 2016 13 January 1, 2020. March 31, 2020, 2016 13 Prior to the CARES Act being signed and the Company’s decision to delay the implementation of CECL, the Company was completing its CECL implementation plan with a cross-functional working group, under the direction of the Chief Credit Officer along with our Chief Financial Officer. The working group also included individuals from various functional areas including credit, risk management, accounting and information technology, among others. The Company’s implementation plan included assessment and documentation of processes, internal controls and data sources; model development, documentation and validation; and system configuration, among other things. The Company contracted with a third 2016 13 2016 13 not 2016 13 not ASU 2017 - 04, “Intangibles - Goodwill and Other (Topic 350 ) - Simplifying the Test for Goodwill Impairment.” 2017 04 2 2017 04, not 2017 04 January 1, 2020, not ASU 2018 - 13, "Fair Value Measurement (Topic 820 ) - Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement." 2018 13 820. no 2018 13 January 1, 2020 not |
Note 2 - Loans and Allowance _2
Note 2 - Loans and Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (In Thousands) March 31, 2020 December 31, 2019 Mortgage loans on real estate: Residential 1-4 family $ 519,775 $ 511,250 Multifamily 151,929 97,104 Commercial 841,521 793,379 Construction and land development 388,769 425,185 Farmland 18,610 19,268 Second mortgages 11,254 10,760 Equity lines of credit 74,908 72,379 Total mortgage loans on real estate 2,006,766 1,929,325 Commercial loans 95,547 98,265 Agricultural loans 1,487 1,569 Consumer installment loans Personal 51,961 50,532 Credit cards 3,999 4,302 Total consumer installment loans 55,960 54,834 Other loans 9,927 9,049 Total loans before net deferred loan fees 2,169,687 2,093,042 Net deferred loan fees (7,675 ) (7,141 ) Total loans 2,162,012 2,085,901 Less: Allowance for loan losses (30,281 ) (28,726 ) Net loans $ 2,131,731 $ 2,057,175 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | (In Thousands) Residential 1-4 Family Multifamily Commercial Real Estate Construction Farmland Second Mortgages Equity Lines of Credit Commercial Agricultural, Installment and Other Total March 31, 2020 Allowance for loan losses: Beginning balance $ 7,144 1,117 11,114 5,997 187 123 889 1,044 1,111 28,726 Provision 198 524 1,330 (816 ) (10 ) 4 (44 ) (46 ) 329 1,469 Charge-offs — — — — — — — — (355 ) (355 ) Recoveries 9 — 300 19 — — — — 113 441 Ending balance $ 7,351 1,641 12,744 5,200 177 127 845 998 1,198 30,281 Ending balance individually evaluated for impairment $ 715 — 220 — — — — — — 935 Ending balance collectively evaluated for impairment $ 6,636 1,641 12,524 5,200 177 127 845 998 1,198 29,346 Loans: Ending balance $ 519,775 151,929 841,521 388,769 18,610 11,254 74,908 95,547 67,374 2,169,687 Ending balance individually evaluated for impairment $ 1,429 — 999 — — — — — — 2,428 Ending balance collectively evaluated for impairment $ 518,346 151,929 840,522 388,769 18,610 11,254 74,908 95,547 67,374 2,167,259 Residential 1-4 Family Multifamily Commercial Real Estate Construction Farmland Second Mortgages Equity Lines of Credit Commercial Agricultural, Installment and Other Total December 31, 2019 Allowance for loan losses: Beginning balance $ 6,297 1,481 9,753 7,084 221 118 731 622 867 27,174 Provision 838 (364 ) 1,484 (1,510 ) (34 ) 5 158 422 1,041 2,040 Charge-offs (15 ) — (173 ) — — — — (15 ) (1,160 ) (1,363 ) Recoveries 24 — 50 423 — — — 15 363 875 Ending balance $ 7,144 1,117 11,114 5,997 187 123 889 1,044 1,111 28,726 Ending balance individually evaluated for impairment $ 795 — 341 — — — — — — 1,136 Ending balance collectively evaluated for impairment $ 6,349 1,117 10,773 5,997 187 123 889 1,044 1,111 27,590 Loans: Ending balance $ 511,250 97,104 793,379 425,185 19,268 10,760 72,379 98,265 65,452 2,093,042 Ending balance individually evaluated for impairment $ 2,569 — 2,471 — — — — — — 5,040 Ending balance collectively evaluated for impairment $ 508,681 97,104 790,908 425,185 19,268 10,760 72,379 98,265 65,452 2,088,002 Residential 1-4 Family Multifamily Commercial Real Estate Construction Farmland Second Mortgages Equity Lines of Credit Commercial Agricultural, Installment and Other Total March 31, 2019 Allowance for loan losses: Beginning balance $ 6,297 1,481 9,753 7,084 221 118 731 622 867 27,174 Provision 261 19 510 (259 ) (5 ) 3 (4 ) 163 345 1,033 Charge-offs — — — — — — — — (296 ) (296 ) Recoveries 7 — — 267 — — — — 95 369 Ending balance $ 6,565 1,500 10,263 7,092 216 121 727 785 1,011 28,280 Ending balance individually evaluated for impairment $ 845 — 142 — — — — — — 987 Ending balance collectively evaluated for impairment $ 5,720 1,500 10,121 7,092 216 121 727 785 1,011 27,293 Loans: Ending balance $ 458,304 136,385 727,394 495,061 23,438 11,465 61,656 77,921 66,377 2,058,001 Ending balance individually evaluated for impairment $ 2,802 — 1,826 — — — — — — 4,628 Ending balance collectively evaluated for impairment $ 455,502 136,385 725,568 495,061 23,438 11,465 61,656 77,921 66,377 2,053,373 |
Impaired Financing Receivables [Table Text Block] | In Thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized March 31, 2020 With no related allowance recorded: Residential 1-4 family $ 140 139 — 615 2 Multifamily — — — — — Commercial real estate 311 311 — 631 — Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 451 $ 450 — $ 1,246 $ 2 With related allowance recorded: Residential 1-4 family $ 1,292 1,290 715 1,391 17 Multifamily — — — — — Commercial real estate 690 688 220 1,106 8 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 1,982 $ 1,978 $ 935 $ 2,497 $ 25 Total Residential 1-4 family $ 1,432 1,429 715 2,006 19 Multifamily — — — — — Commercial real estate 1,001 999 220 1,737 8 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 2,433 $ 2,428 $ 935 $ 3,743 $ 27 In Thousands Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized December 31, 2019 With no related allowance recorded: Residential 1-4 family $ 1,090 1,464 — 1,090 99 Multifamily — — — — — Commercial real estate 951 1,124 — 910 17 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 2,041 2,588 — 2,000 116 With related allowance recorded: Residential 1-4 family $ 1,489 1,480 795 1,590 83 Multifamily — — — — — Commercial real estate 1,522 1,520 341 2,015 17 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 3,011 3,000 1,136 3,605 100 Total: Residential 1-4 family $ 2,579 2,944 795 2,680 182 Multifamily — — — — — Commercial real estate 2,473 2,644 341 2,925 34 Construction — — — — — Farmland — — — — — Second mortgages — — — — — Equity lines of credit — — — — — Commercial — — — — — Agricultural, installment and other — — — — — $ 5,052 5,588 1,136 5,605 216 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | March 31, 2020 December 31, 2019 (In thousands) Performing TDRs $ 2,061 $ 3,080 Nonperforming TDRs 811 1,467 Total TDRS $ 2,872 $ 4,547 March 31, 2020 March 31, 2019 Number of Contracts Pre Modification Outstanding Recorded Investment Post Modification Outstanding Recorded Investment, Net of Related Allowance Number of Contracts Pre Modification Outstanding Recorded Investment Post Modification Outstanding Recorded Investment, Net of Related Allowance Residential 1-4 family — $ — $ — — $ — $ — Multifamily — — — — — — Commercial real estate 1 111 132 — — — Construction — — — — — — Farmland — — — — — — Second mortgages — — — — — — Equity lines of credit — — — — — — Commercial — — — — — — Agricultural, installment and other — — — — — — Total 1 $ 111 $ 132 — $ — $ — |
Financing Receivable Credit Quality Indicators [Table Text Block] | (In Thousands) Residential 1-4 Family Multifamily Commercial Real Estate Construction Farmland Second Mortgages Equity Lines of Credit Commercial Agricultural, installment and other Total March 31, 2020 Credit Risk Profile by Internally Assigned Rating Pass $ 511,772 151,929 840,914 388,674 18,453 10,857 74,754 95,525 67,185 2,160,063 Special Mention 5,096 — — 63 102 273 10 — 78 5,622 Substandard 2,907 — 607 32 55 124 144 22 111 4,002 Doubtful — — — — — — — — — — Total $ 519,775 151,929 841,521 388,769 18,610 11,254 74,908 95,547 67,374 2,169,687 December 31, 2019 Credit Risk Profile by Internally Assigned Rating Pass $ 503,861 97,104 791,610 424,517 19,106 10,458 72,237 98,243 65,255 2,082,391 Special Mention 2,923 — — 635 103 174 — — 101 3,936 Substandard 4,466 — 1,769 33 59 128 142 22 96 6,715 Doubtful — — — — — — — — — — Total $ 511,250 97,104 793,379 425,185 19,268 10,760 72,379 98,265 65,452 2,093,042 |
Note 3 - Debt and Equity Secu_2
Note 3 - Debt and Equity Securities (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Marketable Securities [Table Text Block] | March 31, 2020 Securities Available-For-Sale In Thousands Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Market Value U.S. Government-sponsored enterprises (GSEs) $ 52,754 $ 305 $ 121 $ 52,938 Mortgage-backed securities 248,255 6,219 258 254,216 Asset-backed securities 26,358 375 403 26,330 Obligations of states and political subdivisions 73,364 1,291 915 73,740 $ 400,731 $ 8,190 $ 1,697 $ 407,224 December 31, 2019 Securities Available-For-Sale In Thousands Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Market Value U.S. Government-sponsored enterprises (GSEs) $ 59,735 $ 48 $ 204 $ 59,579 Mortgage-backed securities 265,648 2,300 635 267,313 Asset-backed securities 27,531 1 303 27,229 Obligations of states and political subdivisions 67,293 559 828 67,024 $ 420,207 $ 2,908 $ 1,970 $ 421,145 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available-For-Sale In Thousands Amortized Cost Estimated Market Value Due in one year or less $ 470 $ 469 Due after one year through five years 12,372 12,486 Due after five years through ten years 70,268 71,430 Due after ten years 317,621 322,839 $ 400,731 $ 407,224 |
Schedule of Unrealized Loss on Investments [Table Text Block] | In Thousands, Except Number of Securities Less than 12 Months 12 Months or More Total March 31, 2020 Fair Value Unrealized Losses Number of Securities Included Fair Value Unrealized Losses Number of Securities Included Fair Value Unrealized Losses Available-for-Sale Securities: GSEs $ 7,093 $ 121 3 $ — $ — — $ 7,093 $ 121 Mortgage-backed securities 17,935 206 9 5,163 52 14 23,098 258 Asset-backed securities 9,664 403 2 — — — 9,664 403 Obligations of states and political subdivisions 30,592 873 38 1,173 42 3 31,765 915 $ 65,284 $ 1,603 52 $ 6,336 $ 94 17 $ 71,620 $ 1,697 In Thousands, Except Number of Securities Less than 12 Months 12 Months or More Total December 31, 2019 Fair Value Unrealized Losses Number of Securities Included Fair Value Unrealized Losses Number of Securities Included Fair Value Unrealized Losses Available-for-Sale Securities: GSEs $ 16,507 $ 114 5 $ 24,658 $ 90 9 $ 41,165 $ 204 Mortgage-backed securities 45,862 182 21 56,917 453 52 102,779 635 Asset-backed securities 17,807 161 10 7,317 142 4 25,124 303 Obligations of states and political subdivisions 30,423 783 26 3,858 45 10 34,281 828 $ 110,599 $ 1,240 62 $ 92,750 $ 730 75 $ 203,349 $ 1,970 |
Note 4 - Earnings Per Share (Ta
Note 4 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended March 31, 2020 2019 (Dollars in Thousands Except Share and Per Share Amounts) Basic EPS Computation: Numerator – Earnings available to common stockholders $ 9,031 $ 8,290 Denominator – Weighted average number of common shares outstanding 10,864,866 10,701,602 Basic earnings per common share 0.83 $ 0.77 Diluted EPS Computation: Numerator – Earnings available to common stockholders $ 9,031 $ 8,290 Denominator – Weighted average number of common shares outstanding 10,864,866 10,701,602 Dilutive effect of stock options 21,590 15,270 Weighted average diluted common shares outstanding 10,886,456 10,716,872 Diluted earnings per common share 0.83 $ 0.77 |
Note 6 - Commitments and Cont_2
Note 6 - Commitments and Contingent Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | Commitments to extend credit $ 684,851,000 Standby letters of credit $ 72,727,000 |
Note 7 - Fair Value Measureme_2
Note 7 - Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Assets and Liabilities Measured at Fair Value on a Recurring Basis (In Thousands) Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) March 31, 2020 Investment securities available-for-sale: U.S. Government sponsored enterprises $ 52,938 — 52,938 — Mortgage-backed securities 254,216 — 254,216 — Asset-backed securities 26,330 — 26,330 — State and municipal securities 73,740 — 73,740 — Total investment securities available-for-sale 407,224 — 407,224 — Mortgage loans held for sale 22,183 — 22,183 — Mortgage banking derivatives 503 — 503 — Bank owned life insurance 31,945 — — 31,945 Total assets $ 461,855 — 429,910 31,945 Mortgage banking derivatives $ 385 — 385 — Total liabilities $ 385 — 385 — December 31, 2019 Investment securities available-for-sale: U.S. Government sponsored enterprises $ 59,579 — 59,579 — Mortgage-backed securities 267,313 — 267,313 — Asset-backed securities 27,229 — 27,229 — State and municipal securities 67,024 — 67,024 — Total investment securities available-for-sale 421,145 — 421,145 — Mortgage loans held for sale 18,179 — 18,179 — Mortgage banking derivatives 328 — 328 — Bank owned life insurance 31,762 — — 31,762 Total assets $ 471,414 — 439,652 31,762 Mortgage banking derivatives $ 23 — 23 — Total liabilities $ 23 — 23 — |
Fair Value Measurements, Nonrecurring [Table Text Block] | Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis (In Thousands) Total Carrying Value in the Consolidated Balance Sheet Quoted Market Prices in an Active Market (Level 1) Models with Significant Observable Market Parameters (Level 2) Models with Significant Unobservable Market Parameters (Level 3) March 31, 2020 Other real estate owned $ 697 — — 697 Impaired loans, net (¹) 1,498 — — 1,498 Total $ 2,195 — — 2,195 December 31, 2019 Other real estate owned $ 697 — — 697 Impaired loans, net (¹) 3,916 — — 3,916 Total $ 4,613 — — 4,613 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | Valuation Techniques (2) Significant Unobservable Inputs Weighted Average Impaired loans Appraisal Estimated costs to sell 10% Other real estate owned Appraisal Estimated costs to sell 10% |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | For the Three Months Ended March 31, 2020 2019 Other Assets Other Liabilities Other Assets Other Liabilities Fair value, January 1 $ 31,762 — $ 30,952 — Total realized gains included in income 183 — 199 — Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at March 31 — — — — Purchases, issuances and settlements, net — — — — Transfers out of Level 3 — — — — Fair value, March 31 $ 31,945 — $ 31,151 — Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet at March 31 $ 183 — $ 199 — |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying/ Notional Estimated Quote Market Prices in an Active Market Models with Significant Observable Market Parameters Models with Significant Unobservable Market Parameters (in Thousands) Amount Fair Value (¹) (Level 1) (Level 2) (Level 3) March 31, 2020 Financial assets: Cash and cash equivalents $ 177,217 177,217 177,217 — — Loans, net 2,131,731 2,141,796 — — 2,141,796 Restricted equity securities 4,680 NA NA NA NA Accrued interest receivable 7,027 7,027 — 1,534 5,493 Financial liabilities: Deposits 2,485,537 2,349,761 — — 2,349,761 Federal Home Loan Bank borrowings 20,808 21,485 — — 21,485 Accrued interest payable 3,214 3,214 — — 3,214 December 31, 2019 Financial assets: Cash and cash equivalents $ 159,770 159,770 159,770 — — Loans, net 2,057,175 2,053,212 — — 2,053,212 Restricted equity securities 4,680 NA NA NA NA Accrued interest receivable 5,945 5,945 5 1,647 4,293 Financial liabilities: Deposits 2,417,605 2,210,038 — — 2,210,038 Federal Home Loan Bank borrowings 23,613 23,860 — — 23,860 Accrued interest payable 3,814 3,814 — — 3,814 |
Note 8 - Equity Incentive Plan
Note 8 - Equity Incentive Plan (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | March 31, 2020 March 31, 2019 Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Options and SARs outstanding at beginning of period 273,039 $ 41.19 277,820 $ 40.11 Granted — — — — Exercised 7,654 33.82 9,013 35.13 Forfeited or expired 4,300 39.46 — — Outstanding at end of period 261,085 $ 41.43 268,807 $ 40.28 Options and SARs exercisable at March 31 142,692 $ 40.40 109,897 $ 39.44 |
Note 9 - Mortgage Banking Der_2
Note 9 - Mortgage Banking Derivatives (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Derivative Instruments, Gain (Loss) [Table Text Block] | In Thousands March 31, 2020 March 31, 2019 Forward contracts related to mortgage loans held for sale and interest rate contracts $ (362 ) (70 ) Interest rate contracts for customers 175 440 |
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block] | In Thousands March 31, 2020 December 31, 2019 Notional Amount Fair Value Notional Amount Fair Value Included in other assets (liabilities): Interest rate contracts for customers $ 16,667 503 10,307 328 Forward contracts related to mortgage loans held-for-sale 22,000 (385 ) 14,000 (23 ) |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Details Textual) | Mar. 31, 2020USD ($) | Jan. 01, 2020 | Dec. 31, 2019 |
Financing Receivable, Nonaccural, Not Impaired, Number of Positions | 0 | 0 | |
Financing Receivable, Threshold for Individually Evaluated for Impairment | $ 500,000 | ||
Financing Receivable, Maximum for Measurement Using Allocation Rate | $ 500,000 | ||
Minimum [Member] | |||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Percentage | 4.00% | 4.00% | |
Maximum [Member] | |||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Percentage | 6.00% | 6.00% |
Note 2 - Loans and Allowance _3
Note 2 - Loans and Allowance for Loan Losses (Details Textual) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2020USD ($) | Dec. 31, 2019USD ($) | Apr. 30, 2020USD ($) | |
Loans and Leases Receivable, Nonperforming, Nonaccrual of Interest | $ 311,000 | $ 2,600,000 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 1 | 0 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default | $ 311,000 | ||
Financing Receivable, Troubled Debt Restructuring | 2,872,000 | $ 4,547,000 | |
Mortgage Loans in Process of Foreclosure, Amount | 1,000,000 | 0 | |
Potential Problem Loans | 9,600,000 | $ 10,700,000 | |
Loans with Deferrals Related to Passage of the CARES Act [Member] | |||
Financing Receivable, Troubled Debt Restructuring | $ 0 | ||
Subsequent Event [Member] | |||
Financing Receivable, Number of Payment Deferrals | 855 | ||
Financing Receivable, Deferred Payments | $ 572,400,000 | ||
Minimum [Member] | Real Estate Portfolio Segment [Member] | |||
Financing Receivable, Amortization Period (Year) | 15 years | ||
Financing Receivable, Maturity Period (Year) | 5 years | ||
Minimum [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Maturity Period (Year) | 1 year | ||
Maximum [Member] | Real Estate Portfolio Segment [Member] | |||
Financing Receivable, Amortization Period (Year) | 30 years | ||
Financing Receivable, Maturity Period (Year) | 15 years | ||
Maximum [Member] | Consumer Portfolio Segment [Member] | |||
Financing Receivable, Maturity Period (Year) | 5 years |
Note 2 - Loans and Allowance _4
Note 2 - Loans and Allowance for Loan Losses - Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 | Mar. 31, 2019 | Dec. 31, 2018 |
Loans, gross | $ 2,169,687 | $ 2,093,042 | $ 2,058,001 | |
Net deferred loan fees | (7,675) | (7,141) | ||
Total loans | 2,162,012 | 2,085,901 | ||
Less: Allowance for loan losses | (30,281) | (28,726) | (28,280) | $ (27,174) |
Net loans | 2,131,731 | 2,057,175 | ||
Real Estate Portfolio Segment [Member] | ||||
Loans, gross | 2,006,766 | 1,929,325 | ||
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | ||||
Loans, gross | 519,775 | 511,250 | 458,304 | |
Less: Allowance for loan losses | (7,351) | (7,144) | (6,565) | (6,297) |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||||
Loans, gross | 151,929 | 97,104 | 136,385 | |
Less: Allowance for loan losses | (1,641) | (1,117) | (1,500) | (1,481) |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | ||||
Loans, gross | 841,521 | 793,379 | 727,394 | |
Less: Allowance for loan losses | (12,744) | (11,114) | (10,263) | (9,753) |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans, gross | 388,769 | 425,185 | 495,061 | |
Less: Allowance for loan losses | (5,200) | (5,997) | (7,092) | (7,084) |
Real Estate Portfolio Segment [Member] | Farmland [Member] | ||||
Loans, gross | 18,610 | 19,268 | 23,438 | |
Less: Allowance for loan losses | (177) | (187) | (216) | (221) |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | ||||
Loans, gross | 11,254 | 10,760 | 11,465 | |
Less: Allowance for loan losses | (127) | (123) | (121) | (118) |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | ||||
Loans, gross | 74,908 | 72,379 | 61,656 | |
Less: Allowance for loan losses | (845) | (889) | (727) | (731) |
Commercial Portfolio Segment [Member] | ||||
Loans, gross | 95,547 | 98,265 | 77,921 | |
Less: Allowance for loan losses | (998) | (1,044) | $ (785) | $ (622) |
Agricultural Portfolio Segment [Member] | ||||
Loans, gross | 1,487 | 1,569 | ||
Consumer Portfolio Segment [Member] | ||||
Loans, gross | 55,960 | 54,834 | ||
Consumer Portfolio Segment [Member] | Personal Loan [Member] | ||||
Loans, gross | 51,961 | 50,532 | ||
Consumer Portfolio Segment [Member] | Credit Card Receivable [Member] | ||||
Loans, gross | 3,999 | 4,302 | ||
Unallocated Financing Receivables [Member] | ||||
Loans, gross | $ 9,927 | $ 9,049 |
Note 2 - Loans and Allowance _5
Note 2 - Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | |
Beginning balance | $ 28,726 | $ 27,174 | $ 27,174 |
Provision | 1,469 | 1,033 | 2,040 |
Charge-offs | (355) | (296) | (1,363) |
Recoveries | 441 | 369 | 875 |
Ending balance | 30,281 | 28,280 | 28,726 |
Ending balance individually evaluated for impairment | 935 | 987 | 1,136 |
Ending balance collectively evaluated for impairment | 29,346 | 27,293 | 27,590 |
Ending balance | 2,169,687 | 2,058,001 | 2,093,042 |
Ending balance individually evaluated for impairment | 2,428 | 4,628 | 5,040 |
Ending balance collectively evaluated for impairment | 2,167,259 | 2,053,373 | 2,088,002 |
Real Estate Portfolio Segment [Member] | |||
Ending balance | 2,006,766 | 1,929,325 | |
Commercial Portfolio Segment [Member] | |||
Beginning balance | 1,044 | 622 | 622 |
Provision | (46) | 163 | 422 |
Charge-offs | 0 | 0 | (15) |
Recoveries | 0 | 0 | 15 |
Ending balance | 998 | 785 | 1,044 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 998 | 785 | 1,044 |
Ending balance | 95,547 | 77,921 | 98,265 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 95,547 | 77,921 | 98,265 |
Agricultural Installment and Other Portfolio Segment [Member] | |||
Beginning balance | 1,111 | 867 | 867 |
Provision | 329 | 345 | 1,041 |
Charge-offs | (355) | (296) | (1,160) |
Recoveries | 113 | 95 | 363 |
Ending balance | 1,198 | 1,011 | 1,111 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 1,198 | 1,011 | 1,111 |
Ending balance | 67,374 | 66,377 | 65,452 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 67,374 | 66,377 | 65,452 |
Residential 1 to 4 Family [Member] | Real Estate Portfolio Segment [Member] | |||
Beginning balance | 7,144 | 6,297 | 6,297 |
Provision | 198 | 261 | 838 |
Charge-offs | 0 | 0 | (15) |
Recoveries | 9 | 7 | 24 |
Ending balance | 7,351 | 6,565 | 7,144 |
Ending balance individually evaluated for impairment | 715 | 845 | 795 |
Ending balance collectively evaluated for impairment | 6,636 | 5,720 | 6,349 |
Ending balance | 519,775 | 458,304 | 511,250 |
Ending balance individually evaluated for impairment | 1,429 | 2,802 | 2,569 |
Ending balance collectively evaluated for impairment | 518,346 | 455,502 | 508,681 |
Multifamily Real Estate [Member] | Real Estate Portfolio Segment [Member] | |||
Beginning balance | 1,117 | 1,481 | 1,481 |
Provision | 524 | 19 | (364) |
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Ending balance | 1,641 | 1,500 | 1,117 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 1,641 | 1,500 | 1,117 |
Ending balance | 151,929 | 136,385 | 97,104 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 151,929 | 136,385 | 97,104 |
Commercial Real Estate [Member] | Real Estate Portfolio Segment [Member] | |||
Beginning balance | 11,114 | 9,753 | 9,753 |
Provision | 1,330 | 510 | 1,484 |
Charge-offs | 0 | 0 | (173) |
Recoveries | 300 | 0 | 50 |
Ending balance | 12,744 | 10,263 | 11,114 |
Ending balance individually evaluated for impairment | 220 | 142 | 341 |
Ending balance collectively evaluated for impairment | 12,524 | 10,121 | 10,773 |
Ending balance | 841,521 | 727,394 | 793,379 |
Ending balance individually evaluated for impairment | 999 | 1,826 | 2,471 |
Ending balance collectively evaluated for impairment | 840,522 | 725,568 | 790,908 |
Construction Loans [Member] | Real Estate Portfolio Segment [Member] | |||
Beginning balance | 5,997 | 7,084 | 7,084 |
Provision | (816) | (259) | (1,510) |
Charge-offs | 0 | 0 | 0 |
Recoveries | 19 | 267 | 423 |
Ending balance | 5,200 | 7,092 | 5,997 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 5,200 | 7,092 | 5,997 |
Ending balance | 388,769 | 495,061 | 425,185 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 388,769 | 495,061 | 425,185 |
Farmland [Member] | Real Estate Portfolio Segment [Member] | |||
Beginning balance | 187 | 221 | 221 |
Provision | (10) | (5) | (34) |
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Ending balance | 177 | 216 | 187 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 177 | 216 | 187 |
Ending balance | 18,610 | 23,438 | 19,268 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 18,610 | 23,438 | 19,268 |
Second Mortgages [Member] | Real Estate Portfolio Segment [Member] | |||
Beginning balance | 123 | 118 | 118 |
Provision | 4 | 3 | 5 |
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Ending balance | 127 | 121 | 123 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 127 | 121 | 123 |
Ending balance | 11,254 | 11,465 | 10,760 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 11,254 | 11,465 | 10,760 |
Home Equity Line of Credit [Member] | Real Estate Portfolio Segment [Member] | |||
Beginning balance | 889 | 731 | 731 |
Provision | (44) | (4) | 158 |
Charge-offs | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 |
Ending balance | 845 | 727 | 889 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | 845 | 727 | 889 |
Ending balance | 74,908 | 61,656 | 72,379 |
Ending balance individually evaluated for impairment | 0 | 0 | 0 |
Ending balance collectively evaluated for impairment | $ 74,908 | $ 61,656 | $ 72,379 |
Note 2 - Loans and Allowance _6
Note 2 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2020 | Dec. 31, 2019 | |
Recorded Investment, with no related allowance | $ 451,000 | $ 2,041,000 |
Unpaid Principal Balance, with no related allowance | 450,000 | 2,588,000 |
Average Recorded Investment, with no related allowance | 1,246,000 | 2,000,000 |
Interest Income Recognized, with no related allowance | 2,000 | 116,000 |
Recorded Investment, with related allowance | 1,982,000 | 3,011,000 |
Unpaid Principal Balance, with related allowance | 1,978,000 | 3,000,000 |
Related Allowance | 935,000 | 1,136,000 |
Average Recorded Investment, with related allowance | 2,497,000 | 3,605,000 |
Interest Income Recognized, with related allowance | 25,000 | 100,000 |
Recorded Investment | 2,433,000 | 5,052,000 |
Unpaid Principal Balance | 2,428,000 | 5,588,000 |
Average Recorded Investment | 3,743,000 | 5,605,000 |
Interest Income Recognized | 27,000 | 216,000 |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | ||
Recorded Investment, with no related allowance | 140,000 | 1,090,000 |
Unpaid Principal Balance, with no related allowance | 139,000 | 1,464,000 |
Average Recorded Investment, with no related allowance | 615,000 | 1,090,000 |
Interest Income Recognized, with no related allowance | 2,000 | 99,000 |
Recorded Investment, with related allowance | 1,292,000 | 1,489,000 |
Unpaid Principal Balance, with related allowance | 1,290,000 | 1,480,000 |
Related Allowance | 715,000 | 795,000 |
Average Recorded Investment, with related allowance | 1,391,000 | 1,590,000 |
Interest Income Recognized, with related allowance | 17,000 | 83,000 |
Recorded Investment | 1,432,000 | 2,579,000 |
Unpaid Principal Balance | 1,429,000 | 2,944,000 |
Average Recorded Investment | 2,006,000 | 2,680,000 |
Interest Income Recognized | 19,000 | 182,000 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | 0 | 0 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | ||
Recorded Investment, with no related allowance | 311,000 | 951,000 |
Unpaid Principal Balance, with no related allowance | 311,000 | 1,124,000 |
Average Recorded Investment, with no related allowance | 631,000 | 910,000 |
Interest Income Recognized, with no related allowance | 0 | 17,000 |
Recorded Investment, with related allowance | 690,000 | 1,522,000 |
Unpaid Principal Balance, with related allowance | 688,000 | 1,520,000 |
Related Allowance | 220,000 | 341,000 |
Average Recorded Investment, with related allowance | 1,106,000 | 2,015,000 |
Interest Income Recognized, with related allowance | 8,000 | 17,000 |
Recorded Investment | 1,001,000 | 2,473,000 |
Unpaid Principal Balance | 999,000 | 2,644,000 |
Average Recorded Investment | 1,737,000 | 2,925,000 |
Interest Income Recognized | 8,000 | 34,000 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | 0 | 0 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | 0 | 0 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | 0 | 0 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | 0 | 0 |
Agricultural Installment and Other Portfolio Segment [Member] | ||
Recorded Investment, with no related allowance | 0 | 0 |
Unpaid Principal Balance, with no related allowance | 0 | 0 |
Average Recorded Investment, with no related allowance | 0 | 0 |
Interest Income Recognized, with no related allowance | 0 | 0 |
Recorded Investment, with related allowance | 0 | 0 |
Unpaid Principal Balance, with related allowance | 0 | 0 |
Related Allowance | 0 | 0 |
Average Recorded Investment, with related allowance | 0 | 0 |
Interest Income Recognized, with related allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid Principal Balance | 0 | 0 |
Average Recorded Investment | 0 | 0 |
Interest Income Recognized | $ 0 | $ 0 |
Note 2 - Loans and Allowance _7
Note 2 - Loans and Allowance for Loan Losses - Troubled Debt Restructuring (Details) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020USD ($) | Mar. 31, 2019USD ($) | Dec. 31, 2019USD ($) | |
Total TDRS | $ 2,872 | $ 4,547 | |
Number of Contracts | 1 | 0 | |
Pre Modification Outstanding Recorded Investment | $ 111 | $ 0 | |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 132 | $ 0 | |
Commercial Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | |
Agricultural Installment and Other Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | |
Residential 1 to 4 Family [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | |
Multifamily Real Estate [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | |
Commercial Real Estate [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 1 | 0 | |
Pre Modification Outstanding Recorded Investment | $ 111 | $ 0 | |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 132 | $ 0 | |
Construction Loans [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | |
Farmland [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | |
Second Mortgages [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | $ 0 | $ 0 | |
Home Equity Line of Credit [Member] | Real Estate Portfolio Segment [Member] | |||
Number of Contracts | 0 | 0 | |
Pre Modification Outstanding Recorded Investment | $ 0 | $ 0 | |
Post Modification Outstanding Recorded Investment, Net of Related Allowance | 0 | $ 0 | |
Performing Financial Instruments [Member] | |||
Total TDRS | 2,061 | 3,080 | |
Nonperforming Financial Instruments [Member] | |||
Total TDRS | $ 811 | $ 1,467 |
Note 2 - Loans and Allowance _8
Note 2 - Loans and Allowance for Loan Losses - Loan Portfolio by Risk Rating (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 | Mar. 31, 2019 |
Loans, gross | $ 2,169,687 | $ 2,093,042 | $ 2,058,001 |
Real Estate Portfolio Segment [Member] | |||
Loans, gross | 2,006,766 | 1,929,325 | |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | |||
Loans, gross | 519,775 | 511,250 | 458,304 |
Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | |||
Loans, gross | 151,929 | 97,104 | 136,385 |
Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | |||
Loans, gross | 841,521 | 793,379 | 727,394 |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans, gross | 388,769 | 425,185 | 495,061 |
Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans, gross | 18,610 | 19,268 | 23,438 |
Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | |||
Loans, gross | 11,254 | 10,760 | 11,465 |
Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | |||
Loans, gross | 74,908 | 72,379 | 61,656 |
Commercial Portfolio Segment [Member] | |||
Loans, gross | 95,547 | 98,265 | 77,921 |
Agricultural Installment and Other Portfolio Segment [Member] | |||
Loans, gross | 67,374 | 65,452 | $ 66,377 |
Pass [Member] | |||
Loans, gross | 2,160,063 | 2,082,391 | |
Pass [Member] | Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | |||
Loans, gross | 511,772 | 503,861 | |
Pass [Member] | Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | |||
Loans, gross | 151,929 | 97,104 | |
Pass [Member] | Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | |||
Loans, gross | 840,914 | 791,610 | |
Pass [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans, gross | 388,674 | 424,517 | |
Pass [Member] | Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans, gross | 18,453 | 19,106 | |
Pass [Member] | Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | |||
Loans, gross | 10,857 | 10,458 | |
Pass [Member] | Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | |||
Loans, gross | 74,754 | 72,237 | |
Pass [Member] | Commercial Portfolio Segment [Member] | |||
Loans, gross | 95,525 | 98,243 | |
Pass [Member] | Agricultural Installment and Other Portfolio Segment [Member] | |||
Loans, gross | 67,185 | 65,255 | |
Special Mention [Member] | |||
Loans, gross | 5,622 | 3,936 | |
Special Mention [Member] | Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | |||
Loans, gross | 5,096 | 2,923 | |
Special Mention [Member] | Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | |||
Loans, gross | 0 | 0 | |
Special Mention [Member] | Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | |||
Loans, gross | 0 | 0 | |
Special Mention [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans, gross | 63 | 635 | |
Special Mention [Member] | Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans, gross | 102 | 103 | |
Special Mention [Member] | Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | |||
Loans, gross | 273 | 174 | |
Special Mention [Member] | Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | |||
Loans, gross | 10 | 0 | |
Special Mention [Member] | Commercial Portfolio Segment [Member] | |||
Loans, gross | 0 | 0 | |
Special Mention [Member] | Agricultural Installment and Other Portfolio Segment [Member] | |||
Loans, gross | 78 | 101 | |
Substandard [Member] | |||
Loans, gross | 4,002 | 6,715 | |
Substandard [Member] | Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | |||
Loans, gross | 2,907 | 4,466 | |
Substandard [Member] | Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | |||
Loans, gross | 0 | 0 | |
Substandard [Member] | Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | |||
Loans, gross | 607 | 1,769 | |
Substandard [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans, gross | 32 | 33 | |
Substandard [Member] | Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans, gross | 55 | 59 | |
Substandard [Member] | Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | |||
Loans, gross | 124 | 128 | |
Substandard [Member] | Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | |||
Loans, gross | 144 | 142 | |
Substandard [Member] | Commercial Portfolio Segment [Member] | |||
Loans, gross | 22 | 22 | |
Substandard [Member] | Agricultural Installment and Other Portfolio Segment [Member] | |||
Loans, gross | 111 | 96 | |
Doubtful [Member] | |||
Loans, gross | 0 | 0 | |
Doubtful [Member] | Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | |||
Loans, gross | 0 | 0 | |
Doubtful [Member] | Real Estate Portfolio Segment [Member] | Multifamily Real Estate [Member] | |||
Loans, gross | 0 | 0 | |
Doubtful [Member] | Real Estate Portfolio Segment [Member] | Commercial Real Estate [Member] | |||
Loans, gross | 0 | 0 | |
Doubtful [Member] | Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Loans, gross | 0 | 0 | |
Doubtful [Member] | Real Estate Portfolio Segment [Member] | Farmland [Member] | |||
Loans, gross | 0 | 0 | |
Doubtful [Member] | Real Estate Portfolio Segment [Member] | Second Mortgages [Member] | |||
Loans, gross | 0 | 0 | |
Doubtful [Member] | Real Estate Portfolio Segment [Member] | Home Equity Line of Credit [Member] | |||
Loans, gross | 0 | 0 | |
Doubtful [Member] | Commercial Portfolio Segment [Member] | |||
Loans, gross | 0 | 0 | |
Doubtful [Member] | Agricultural Installment and Other Portfolio Segment [Member] | |||
Loans, gross | $ 0 | $ 0 |
Note 3 - Debt and Equity Secu_3
Note 3 - Debt and Equity Securities (Details Textual) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 |
Debt Securities, Held-to-maturity, Total | $ 0 | $ 0 |
Debt Securities, Available-for-sale, Amortized Cost, Total | 400,731,000 | 420,207,000 |
Debt Securities, Available-for-sale, Total | 407,224,000 | 421,145,000 |
Collateralized Mortgage Obligations [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 44,027,000 | 46,994,000 |
Debt Securities, Available-for-sale, Total | $ 45,045,000 | $ 47,442,000 |
Note 3 - Debt and Equity Secu_4
Note 3 - Debt and Equity Securities - Debt and Equity Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Securities, Available-for-sale, Amortized Cost | $ 400,731 | $ 420,207 |
Securities, Available-for-sale, Gross Unrealized Gains | 8,190 | 2,908 |
Securities, Available-for-sale, Gross Unrealized Losses | 1,697 | 1,970 |
Debt Securities, Available-for-sale, Total | 407,224 | 421,145 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Securities, Available-for-sale, Amortized Cost | 52,754 | 59,735 |
Securities, Available-for-sale, Gross Unrealized Gains | 305 | 48 |
Securities, Available-for-sale, Gross Unrealized Losses | 121 | 204 |
Debt Securities, Available-for-sale, Total | 52,938 | 59,579 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities, Available-for-sale, Amortized Cost | 248,255 | 265,648 |
Securities, Available-for-sale, Gross Unrealized Gains | 6,219 | 2,300 |
Securities, Available-for-sale, Gross Unrealized Losses | 258 | 635 |
Debt Securities, Available-for-sale, Total | 254,216 | 267,313 |
Asset-backed Securities [Member] | ||
Securities, Available-for-sale, Amortized Cost | 26,358 | 27,531 |
Securities, Available-for-sale, Gross Unrealized Gains | 375 | 1 |
Securities, Available-for-sale, Gross Unrealized Losses | 403 | 303 |
Debt Securities, Available-for-sale, Total | 26,330 | 27,229 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities, Available-for-sale, Amortized Cost | 73,364 | 67,293 |
Securities, Available-for-sale, Gross Unrealized Gains | 1,291 | 559 |
Securities, Available-for-sale, Gross Unrealized Losses | 915 | 828 |
Debt Securities, Available-for-sale, Total | $ 73,740 | $ 67,024 |
Note 3 - Debt and Equity Secu_5
Note 3 - Debt and Equity Securities - Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Due in one year or less, securities available-for-sale, amortized cost | $ 470 | |
Due in one year or less, securities available-for-sale, estimated market value | 469 | |
Due after one year through five years, securities available-for-sale, amortized cost | 12,372 | |
Due after one year through five years, securities available-for-sale, estimated market value | 12,486 | |
Due after five years through ten years, securities available-for-sale, amortized cost | 70,268 | |
Due after five years through ten years, securities available-for-sale, estimated market value | 71,430 | |
Due after ten years, securities available-for-sale, amortized cost | 317,621 | |
Due after ten years, securities available-for-sale, estimated market value | 322,839 | |
Amortized cost | 400,731 | $ 420,207 |
Estimated market value | $ 407,224 |
Note 3 - Debt and Equity Secu_6
Note 3 - Debt and Equity Securities - Gross Unrealized Losses and Fair Value of Company's Investments (Details) $ in Thousands | Mar. 31, 2020USD ($) | Dec. 31, 2019USD ($) |
Available-for-Sale Securities, Less than 12 Months, Fair Value | $ 65,284 | $ 110,599 |
Available-for-Sale Securities, Less than 12 Months, Unrealized Losses | $ 1,603 | $ 1,240 |
Available-for-Sale Securities, Less than 12 Months, Number of Securities Included | 52 | 62 |
Available-for-Sale Securities, 12 Months or More, Fair Value | $ 6,336 | $ 92,750 |
Available-for-Sale Securities, 12 Months or More, Unrealized Losses | $ 94 | $ 730 |
Available-for-Sale Securities, 12 Months or More, Number of Securities Included | 17 | 75 |
Available-for-Sale Securities, Total, Fair Value | $ 71,620 | $ 203,349 |
Available-for-Sale Securities, Total, Unrealized Losses | 1,697 | 1,970 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-Sale Securities, Less than 12 Months, Fair Value | 7,093 | 16,507 |
Available-for-Sale Securities, Less than 12 Months, Unrealized Losses | $ 121 | $ 114 |
Available-for-Sale Securities, Less than 12 Months, Number of Securities Included | 3 | 5 |
Available-for-Sale Securities, 12 Months or More, Fair Value | $ 0 | $ 24,658 |
Available-for-Sale Securities, 12 Months or More, Unrealized Losses | $ 0 | $ 90 |
Available-for-Sale Securities, 12 Months or More, Number of Securities Included | 0 | 9 |
Available-for-Sale Securities, Total, Fair Value | $ 7,093 | $ 41,165 |
Available-for-Sale Securities, Total, Unrealized Losses | 121 | 204 |
Collateralized Mortgage Backed Securities [Member] | ||
Available-for-Sale Securities, Less than 12 Months, Fair Value | 17,935 | 45,862 |
Available-for-Sale Securities, Less than 12 Months, Unrealized Losses | $ 206 | $ 182 |
Available-for-Sale Securities, Less than 12 Months, Number of Securities Included | 9 | 21 |
Available-for-Sale Securities, 12 Months or More, Fair Value | $ 5,163 | $ 56,917 |
Available-for-Sale Securities, 12 Months or More, Unrealized Losses | $ 52 | $ 453 |
Available-for-Sale Securities, 12 Months or More, Number of Securities Included | 14 | 52 |
Available-for-Sale Securities, Total, Fair Value | $ 23,098 | $ 102,779 |
Available-for-Sale Securities, Total, Unrealized Losses | 258 | 635 |
Asset-backed Securities [Member] | ||
Available-for-Sale Securities, Less than 12 Months, Fair Value | 9,664 | 17,807 |
Available-for-Sale Securities, Less than 12 Months, Unrealized Losses | $ 403 | $ 161 |
Available-for-Sale Securities, Less than 12 Months, Number of Securities Included | 2 | 10 |
Available-for-Sale Securities, 12 Months or More, Fair Value | $ 0 | $ 7,317 |
Available-for-Sale Securities, 12 Months or More, Unrealized Losses | $ 0 | $ 142 |
Available-for-Sale Securities, 12 Months or More, Number of Securities Included | 0 | 4 |
Available-for-Sale Securities, Total, Fair Value | $ 9,664 | $ 25,124 |
Available-for-Sale Securities, Total, Unrealized Losses | 403 | 303 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-Sale Securities, Less than 12 Months, Fair Value | 30,592 | 30,423 |
Available-for-Sale Securities, Less than 12 Months, Unrealized Losses | $ 873 | $ 783 |
Available-for-Sale Securities, Less than 12 Months, Number of Securities Included | 38 | 26 |
Available-for-Sale Securities, 12 Months or More, Fair Value | $ 1,173 | $ 3,858 |
Available-for-Sale Securities, 12 Months or More, Unrealized Losses | $ 42 | $ 45 |
Available-for-Sale Securities, 12 Months or More, Number of Securities Included | 3 | 10 |
Available-for-Sale Securities, Total, Fair Value | $ 31,765 | $ 34,281 |
Available-for-Sale Securities, Total, Unrealized Losses | $ 915 | $ 828 |
Note 4 - Earnings Per Share - B
Note 4 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Numerator – Earnings available to common stockholders | $ 9,031 | $ 8,290 |
Denominator – Weighted average number of common shares outstanding (in shares) | 10,864,866 | 10,701,602 |
Basic earnings per common share (in dollars per share) | $ 0.83 | $ 0.77 |
Numerator – Earnings available to common stockholders | $ 9,031 | $ 8,290 |
Dilutive effect of stock options (in shares) | 21,590 | 15,270 |
Weighted average diluted common shares outstanding (in shares) | 10,886,456 | 10,716,872 |
Diluted earnings per common share (in dollars per share) | $ 0.83 | $ 0.77 |
Note 5 - Income Taxes (Details
Note 5 - Income Taxes (Details Textual) $ in Thousands | 3 Months Ended |
Mar. 31, 2020USD ($) | |
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued, Total | $ 0 |
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member] | |
Unrecognized Tax Benefits, Ending Balance | $ 0 |
Open Tax Year | 2017 2018 2019 |
State and Local Jurisdiction [Member] | |
Unrecognized Tax Benefits, Ending Balance | $ 0 |
Open Tax Year | 2016 2017 2018 2019 |
Note 6 - Commitments and Cont_3
Note 6 - Commitments and Contingent Liabilities (Details Textual) | 3 Months Ended |
Mar. 31, 2020 | |
Real Estate Portfolio Segment [Member] | Residential 1 to 4 Family [Member] | |
Financing Receivable, Percentage of Loans Delivered to Investors | 100.00% |
Standby Letters of Credit [Member] | |
Debt Instrument, Term (Year) | 2 years |
Note 6 - Commitments and Cont_4
Note 6 - Commitments and Contingencies - Total Contractual Amount for All Off-balance Sheet Commitments (Details) | Mar. 31, 2020USD ($) |
Standby Letters of Credit [Member] | |
Commitments | $ 72,727,000 |
Commitments to Extend Credit [Member] | |
Commitments | $ 684,851,000 |
Note 7 - Fair Value Measureme_3
Note 7 - Fair Value Measurements (Details Textual) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 |
Impaired Financing Receivable, Related Allowance | $ 935,000 | $ 1,136,000 |
Note 7 - Fair Value Measureme_4
Note 7 - Fair Value Measurements - Fair Value of Financial Instruments Measured on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | $ 407,224 | $ 421,145 |
Fair Value, Recurring [Member] | Reported Value Measurement [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 407,224 | 421,145 |
Mortgage loans held for sale | 22,183 | 18,179 |
Derivative, fair value | 503 | 328 |
Bank owned life insurance | 31,945 | 31,762 |
Total assets | 461,855 | 471,414 |
Mortgage banking derivatives | 385 | 23 |
Total liabilities | 385 | 23 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 0 | 0 |
Mortgage loans held for sale | 0 | 0 |
Derivative, fair value | 0 | 0 |
Bank owned life insurance | 0 | 0 |
Total assets | 0 | 0 |
Mortgage banking derivatives | 0 | 0 |
Total liabilities | 0 | 0 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 407,224 | 421,145 |
Mortgage loans held for sale | 22,183 | 18,179 |
Derivative, fair value | 503 | 328 |
Bank owned life insurance | 0 | 0 |
Total assets | 429,910 | 439,652 |
Mortgage banking derivatives | 385 | 23 |
Total liabilities | 385 | 23 |
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 0 | 0 |
Mortgage loans held for sale | 0 | 0 |
Derivative, fair value | 0 | 0 |
Bank owned life insurance | 31,945 | 31,762 |
Total assets | 31,945 | 31,762 |
Mortgage banking derivatives | 0 | 0 |
Total liabilities | 0 | 0 |
US Government-sponsored Enterprises Debt Securities [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 52,938 | 59,579 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Recurring [Member] | Reported Value Measurement [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 52,938 | 59,579 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 0 | 0 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 52,938 | 59,579 |
US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 254,216 | 267,313 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Reported Value Measurement [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 254,216 | 267,313 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 254,216 | 267,313 |
Collateralized Mortgage Backed Securities [Member] | Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 0 | 0 |
Asset-backed Securities [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 26,330 | 27,229 |
Asset-backed Securities [Member] | Fair Value, Recurring [Member] | Reported Value Measurement [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 26,330 | 27,229 |
Asset-backed Securities [Member] | Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 0 | 0 |
Asset-backed Securities [Member] | Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 26,330 | 27,229 |
Asset-backed Securities [Member] | Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 73,740 | 67,024 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Reported Value Measurement [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 73,740 | 67,024 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | 73,740 | 67,024 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale, at market (amortized cost $400,731 and $420,207, respectively) | $ 0 | $ 0 |
Note 7 - Fair Value Measureme_5
Note 7 - Fair Value Measurements - Fair Value of Financial Instruments Measured on a Non-recurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 | |
Reported Value Measurement [Member] | |||
Other real estate owned | $ 697 | $ 697 | |
Impaired loans, net | [1] | 1,498 | 3,916 |
Total assets | 2,195 | 4,613 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Other real estate owned | 0 | 0 | |
Impaired loans, net | [1] | 0 | 0 |
Total assets | 0 | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Other real estate owned | 0 | 0 | |
Impaired loans, net | [1] | 0 | 0 |
Total assets | 0 | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Other real estate owned | 697 | 697 | |
Impaired loans, net | [1] | 1,498 | 3,916 |
Total assets | $ 2,195 | $ 4,613 | |
[1] | Amount is net of a valuation allowance of $935,000 at March 31, 2020 and $1,136,000 at December 31, 2019 as required by ASC 310, "Receivables." |
Note 7 - Fair Value Measureme_6
Note 7 - Fair Value Measurements - Additional Information on Assets Measured on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - Fair Value, Inputs, Level 3 [Member] - Measurement Input, Discount Rate [Member] - Weighted Average [Member] | Mar. 31, 2020 | [1] |
Impaired loans | 0.10 | |
Other real estate owned | 0.10 | |
[1] | The fair value is generally determined through independent appraisals of the underlying collateral, which may include Level 3 inputs that are not identifiable, or by using the discounted cash flow method if the loan is not collateral dependent. |
Note 7 - Fair Value Measureme_7
Note 7 - Fair Value Measurements - Changes in Fair Value Due to Observable Factors (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Fair value, other assets | $ 31,762 | $ 30,952 |
Fair value, other liabilities | 0 | 0 |
Total realized gains included in income, other assets | 183 | 199 |
Total realized gains included in income, other liabilities | 0 | 0 |
Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at September 30, other assets | 0 | 0 |
Change in unrealized gains/losses included in other comprehensive income for assets and liabilities still held at September 30, other liabilities | 0 | 0 |
Purchases, issuances and settlements, net, other assets | 0 | 0 |
Purchases, issuances and settlements, net, other liabilities | 0 | 0 |
Transfers out of Level 3, other assets | 0 | 0 |
Transfers out of Level 3, other liabilities | 0 | 0 |
Fair value, other assets | 31,945 | 31,151 |
Fair value, other liabilities | 0 | 0 |
Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet, other assets | 183 | 199 |
Total realized gains included in income related to financial assets and liabilities still on the consolidated balance sheet, other liabilities | $ 0 | $ 0 |
Note 7 - Fair Value Measureme_8
Note 7 - Fair Value Measurements - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 | |
Restricted equity securities | $ 4,680 | $ 4,680 | |
Reported Value Measurement [Member] | |||
Cash and cash equivalents | 177,217 | 159,770 | |
Loans, net | 2,131,731 | 2,057,175 | |
Restricted equity securities | 4,680 | 4,680 | |
Accrued interest receivable | 7,027 | 5,945 | |
Deposits | 2,485,537 | 2,417,605 | |
Federal Home Loan Bank borrowings | 20,808 | 23,613 | |
Accrued interest payable | 3,214 | 3,814 | |
Estimate of Fair Value Measurement [Member] | |||
Cash and cash equivalents | [1] | 177,217 | 159,770 |
Loans, net | [1] | 2,141,796 | 2,053,212 |
Accrued interest receivable | [1] | 7,027 | 5,945 |
Deposits | [1] | 2,349,761 | 2,210,038 |
Federal Home Loan Bank borrowings | 21,485 | 23,860 | |
Accrued interest payable | [1] | 3,214 | 3,814 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Cash and cash equivalents | 177,217 | 159,770 | |
Loans, net | 0 | 0 | |
Accrued interest receivable | 0 | 5 | |
Deposits | 0 | 0 | |
Federal Home Loan Bank borrowings | 0 | 0 | |
Accrued interest payable | 0 | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Cash and cash equivalents | 0 | 0 | |
Loans, net | 0 | 0 | |
Accrued interest receivable | 1,534 | 1,647 | |
Deposits | 0 | 0 | |
Federal Home Loan Bank borrowings | 0 | 0 | |
Accrued interest payable | 0 | 0 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Cash and cash equivalents | 0 | 0 | |
Loans, net | 2,141,796 | 2,053,212 | |
Accrued interest receivable | 5,493 | 4,293 | |
Deposits | 2,349,761 | 2,210,038 | |
Federal Home Loan Bank borrowings | 21,485 | 23,860 | |
Accrued interest payable | $ 3,214 | $ 3,814 | |
[1] | Estimated fair values are consistent with an exit-price concept. The assumptions used to estimate the fair values are intended to approximate those that a market-participant would realize in a hypothetical orderly transaction. |
Note 8 - Equity Incentive Pla_2
Note 8 - Equity Incentive Plan (Details Textual) - USD ($) | 3 Months Ended | ||
Mar. 31, 2020 | Jun. 30, 2016 | Apr. 30, 2009 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 132,389 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ 40.88 | ||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 1,251,000 | ||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 4 months 13 days | ||
Stock Appreciation Rights (SARs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance (in shares) | 128,696 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ 42 | ||
The 2009 Stock Option Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 100,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 14,834 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ 33.76 | ||
The 2016 Equity Incentive Plan [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 750,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 117,555 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ 41.78 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 471,004 | ||
The 2016 Equity Incentive Plan [Member] | Stock Appreciation Rights (SARs) [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance (in shares) | 128,696 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Instruments Other Than Options, Exercisable, Weighted Average Exercise Price (in dollars per share) | $ 42 |
Note 8 - Equity Incentive Pla_3
Note 8 - Equity Incentive Plan - Summary of Stock Option Activity (Details) - $ / shares | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Issuance of shares of common stock, shares (in shares) | 7,202 | 8,763 |
Outstanding, shares (in shares) | 132,389 | |
Outstanding, weighted average exercise price (in dollars per share) | $ 40.88 | |
Stock Options and Stock Appreciation Rights [Member] | ||
Outstanding, shares (in shares) | 273,039 | 277,820 |
Outstanding, weighted average exercise price (in dollars per share) | $ 41.19 | $ 40.11 |
Shares Granted (in shares) | 0 | 0 |
Granted, Weighted Average Exercise Price (in dollars per share) | $ 0 | $ 0 |
Issuance of shares of common stock, shares (in shares) | 7,654 | 9,013 |
Exercised, Weighted Average Exercise Price (in dollars per share) | $ 33.82 | $ 35.13 |
Shares Forfeited or expired (in shares) | 4,300 | 0 |
Forfeited or expired, Weighted Average Exercise Price (in dollars per share) | $ 39.46 | $ 0 |
Outstanding, shares (in shares) | 261,085 | 268,807 |
Outstanding, weighted average exercise price (in dollars per share) | $ 41.43 | $ 40.28 |
Options and SARs exercisable, shares (in shares) | 142,692 | 109,897 |
Options and SARs exercisable, weighted average exercise price (in dollars per share) | $ 40.40 | $ 39.44 |
Note 9 - Mortgage Banking Der_3
Note 9 - Mortgage Banking Derivatives (Details Textual) - USD ($) | Mar. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 |
Interest Rate Lock Commitments [Member] | |||
Derivative, Notional Amount | $ 16,667,000 | $ 10,307,000 | |
Derivative Asset, Fair Value, Gross Asset, Total | 503,000 | 328,000 | |
Forward Contracts [Member] | |||
Derivative, Notional Amount | 22,000,000 | 14,000,000 | |
Derivative Liability, Fair Value, Gross Liability, Total | $ 385,000 | $ 385,000 | $ 23,000 |
Note 9 - Mortgage Banking Der_4
Note 9 - Mortgage Banking Derivatives - Net Gains (Losses) Relating to Free-standing Derivative Instruments (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Forward Contracts [Member] | ||
Net gains (losses) | $ (362) | $ (70) |
Interest Rate Contract [Member] | ||
Net gains (losses) | $ 175 | $ 440 |
Note 9 - Mortgage Banking Der_5
Note 9 - Mortgage Banking Derivatives - Amount and Fair Value of Mortgage Banking Derivatives (Details) - USD ($) | Mar. 31, 2020 | Jan. 01, 2020 | Dec. 31, 2019 |
Interest Rate Contract [Member] | |||
Derivative, amount | $ 16,667,000 | $ 10,307,000 | |
Derivative, fair value | 503,000 | 328,000 | |
Forward Contracts [Member] | |||
Derivative, amount | 22,000,000 | 14,000,000 | |
Derivative, fair value | $ (385,000) | $ (385,000) | $ (23,000) |