The First Bancshares, Inc. (FBMS) 10-K 30 Mar 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 17, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Registrant Name	FIRST BANCSHARES INC /MS/
Entity Central Index Key	947,559
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 66,933,847
Trading Symbol	FBMS
Entity Common Stock, Shares Outstanding		5,432,014

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and due from banks	$ 23,634,536	$ 30,332,502
Interest-bearing deposits with banks	17,303,381	13,899,287
Federal funds sold	321,000	386,000
Total cash and cash equivalents	41,258,917	44,617,789
Held-to-maturity securities (fair value of $8,547,832 in 2015 and $9,993,816 in 2014)	7,092,120	8,192,741
Available-for-sale securities	239,732,426	254,746,446
Other securities	8,134,850	7,234,350
Total securities	254,959,396	270,173,537
Loans held for sale	3,973,765	2,103,351
Loans, net of allowance for loan losses of $6,747,103 in 2015 and $6,095,001 in 2014	765,768,073	698,436,345
Interest receivable	3,953,338	3,659,006
Premises and equipment	33,623,011	34,809,843
Cash surrender value of life insurance	14,871,742	14,463,207
Goodwill	13,776,040	12,276,040
Other real estate owned	3,082,694	4,654,604
Other assets	9,863,743	8,573,997
Total assets	1,145,130,719	1,093,767,719
Deposits:
Noninterest-bearing	189,444,815	201,362,468
Interest-bearing	727,250,297	691,413,018
Total deposits	916,695,112	892,775,486
Interest payable	245,732	315,844
Borrowed funds	110,321,245	89,450,067
Subordinated debentures	10,310,000	10,310,000
Other liabilities	4,122,540	4,700,738
Total liabilities	1,041,694,629	997,552,135
Stockholders' Equity:
Preferred stock, no par value, $1,000 per share liquidation, 10,000,000 shares authorized; 17,123 shares issued and outstanding in 2015 and 2014, respectively	17,123,000	17,123,000
Common stock, par value $1 per share: 20,000,000 shares authorized; 5,403,159 shares issued and outstanding in 2015; 10,000,0000 shares authorized; 5,342,670 shares issued and outstanding in 2014.	5,403,159	5,342,670
Additional paid-in capital	44,650,274	44,420,149
Retained earnings	35,624,715	27,975,049
Accumulated other comprehensive income	1,098,587	1,818,361
Treasury stock, at cost	(463,645)	(463,645)
Total stockholders’ equity	103,436,090	96,215,584
Total liabilities and stockholders’ equity	$ 1,145,130,719	$ 1,093,767,719

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Held-to-maturity Securities, Fair Value	$ 8,547,832	$ 9,993,816
Loans and Leases Receivable, Allowance	$ 6,747,000	$ 6,095,000
Preferred stock, no par value	$ 0	$ 0
Preferred stock, per share liquidation	$ 1,000	$ 1,000
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, issued	17,123	17,123
Preferred stock, outstanding	17,123	17,123
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	20,000,000	100,000,000
Common stock, shares issued	5,403,159	5,342,670
Common Stock, Shares, Outstanding	5,403,159	5,342,670

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
INTEREST INCOME
Interest and fees on loans	$ 34,242,067	$ 30,276,477
Interest and dividends on securities:
Taxable interest and dividends	3,948,459	3,884,321
Tax-exempt interest	1,854,213	2,071,782
Interest on federal funds sold	63,841	52,945
Interest on deposits in banks	93,276	85,257
Total interest income	40,201,856	36,370,782
INTEREST EXPENSE
Interest on time deposits of $100,000 or more	762,119	782,441
Interest on other deposits	1,800,122	1,586,897
Interest on borrowed funds	645,207	603,469
Total interest expense	3,207,448	2,972,807
Net interest income	36,994,408	33,397,975
Provision for loan losses	410,069	1,418,260
Net interest income after provision for loan losses	36,584,339	31,979,715
OTHER INCOME
Service charges on deposit accounts	5,013,983	4,261,795
Other service charges and fees	1,545,960	1,938,079
Bank owned life insurance income	408,535	369,804
Gain on sale of premises	133,339	110,734
Gain on sale of securities	0	237,174
Loss on sale of other real estate	(246,859)	(85,256)
Other	733,574	971,138
Total other income	7,588,532	7,803,468
OTHER EXPENSE
Salaries	15,089,136	14,207,216
Employee benefits	3,447,367	3,254,399
Occupancy	3,422,116	3,140,738
Furniture and equipment	1,198,930	1,540,796
Supplies and printing	300,022	497,755
Professional and consulting fees	1,331,928	1,617,828
Marketing and public relations	496,638	445,451
FDIC and OCC assessments	965,642	938,378
ATM expense	763,248	688,766
Telephone	631,261	616,160
Other	4,514,834	3,786,121
Total other expense	32,161,122	30,733,608
Income before income taxes	12,011,749	9,049,575
Income taxes	3,213,047	2,435,879
Net income	8,798,702	6,613,696
Preferred dividends and stock accretion	342,460	362,953
Net income applicable to common stockholders	$ 8,456,242	$ 6,250,743
Net income per share:
Basic	$ 1.64	$ 1.27
Diluted	1.62	1.25
Net income applicable to common stockholders:
Basic	1.57	1.20
Diluted	$ 1.55	$ 1.19

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net income	$ 8,798,702	$ 6,613,696
Unrealized gains on securities:
Unrealized holding gains (losses) arising during the period	(1,093,182)	4,804,818
Less reclassification adjustment for gains included in net income	0	(237,173)
Total Unrealized gains on securities	(1,093,182)	4,567,645
Unrealized holding gains on loans held for sale	2,753	83,826
Income tax benefit (expense)	370,655	(1,584,266)
Other comprehensive income (loss)	(719,774)	3,067,205
Comprehensive income	$ 8,078,928	$ 9,680,901

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Total	Common Stock	Preferred Stock	Stock Warrants	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Balance at Dec. 31, 2013	$ 85,108,340	$ 5,122,941	$ 17,102,507	$ 283,738	$ 41,802,725	$ 22,508,918	$ (1,248,844)	$ (463,645)
Net income	6,613,696	0	0	0	0	6,613,696	0	0
Other comprehensive (loss)	3,067,205	0	0	0	0	0	3,067,205	0
Dividends on preferred stock	(342,460)	0	0	0	0	(342,460)	0	0
Cash dividend declared, $.15 per common share	(784,612)	0	0	0	0	(784,612)	0	0
Grant of restricted stock	0	67,627	0	0	(67,627)	0	0	0
Compensation cost on restricted stock	617,779	0	0	0	617,779	0	0	0
Preferred stock accretion	0	0	20,493	0	0	(20,493)	0	0
Repurchase of restricted stock for payment of taxes	(85,532)	(5,981)	0	0	(79,551)	0	0	0
Issuance of 158,083 common shares for BCB Holding	2,021,168	158,083	0	0	1,863,085	0	0	0
Balance at Dec. 31, 2014	96,215,584	5,342,670	17,123,000	283,738	44,136,411	27,975,049	1,818,361	(463,645)
Net income	8,798,702	0	0	0	0	8,798,702	0	0
Other comprehensive (loss)	(719,774)	0	0	0	0	0	(719,774)	0
Dividends on preferred stock	(342,460)	0	0	0	0	(342,460)	0	0
Cash dividend declared, $.15 per common share	(806,576)	0	0	0	0	(806,576)	0	0
Grant of restricted stock	0	69,327	0	0	(69,327)	0	0	0
Compensation cost on restricted stock	721,124	0	0	0	721,124	0	0	0
Repurchase of restricted stock for payment of taxes	(92,390)	(6,324)	0	0	(86,066)	0	0	0
Adjustment to consideration issued in BCB Holding acquisition	(35,710)	(2,514)	0	0	(33,196)	0	0	0
Repurchase warrants	(302,410)	0	0	(283,738)	(18,672)	0	0	0
Balance at Dec. 31, 2015	$ 103,436,090	$ 5,403,159	$ 17,123,000	$ 0	$ 44,650,274	$ 35,624,715	$ 1,098,587	$ (463,645)

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Dividends on common stock, per Share	$ 0.15	$ 0.15
Issuance of common shares for BCB Holding		158,083

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 8,798,702	$ 6,613,696
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,296,985	2,182,630
FHLB Stock dividends	(8,600)	(6,000)
Provision for loan losses	410,069	1,418,260
Deferred income taxes	255,638	331,399
Restricted stock expense	721,124	617,779
Increase in cash value of life insurance	(408,535)	(369,804)
Amortization and accretion, net	921,853	900,913
Gain on sale of land/bank premises	(133,339)	(110,734)
Gain on sale of securities	0	(237,174)
Loss on sale/writedown of other real estate	386,590	395,379
Changes in:
Loans held for sale	(1,867,661)	1,659,996
Interest receivable	(294,332)	(152,307)
Other assets	135,620	2,643,956
Interest payable	(70,112)	(109,218)
Other liabilities	(1,406,347)	(8,721,513)
Net cash provided by operating activities	9,737,655	7,057,258
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of available-for-sale securities	(29,571,287)	(38,459,683)
Purchases of other securities	(4,079,400)	(3,296,800)
Proceeds from maturities and calls of available-for-sale securities	42,569,677	42,723,486
Proceeds from maturities and calls of held-to-maturity securities	1,099,898	246,980
Proceeds from sales of securities available-for-sale	0	10,909,239
Proceeds from redemption of other securities	3,187,500	2,514,485
Increase in loans	(68,588,377)	(89,190,269)
Net additions to premises and equipment	(1,230,531)	(988,736)
Purchase of bank owned life insurance	0	(7,500,000)
Proceeds from sale of land/bank premises	949,516	76,375
Cash received (paid) in excess of cash paid for acquisition	(843,895)	4,272,735
Net cash used in investing activities	(56,506,899)	(78,692,188)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in deposits	24,090,591	53,845,509
Proceeds from borrowed funds	194,340,000	180,000,000
Repayment of borrowed funds	(173,468,821)	(155,653,580)
Dividends paid on common stock	(778,428)	(763,143)
Dividends paid on preferred stock	(342,460)	(342,460)
Repurchase of shares issued in BCB acquisition	(35,710)	0
Repurchase of warrants	(302,410)	0
Repurchase of restricted stock for payment of taxes	(92,390)	(85,532)
Net cash provided by financing activities	43,410,372	77,000,794
Net increase (decrease) in cash and cash equivalents	(3,358,872)	5,365,864
Cash and cash equivalents at beginning of year	44,617,789	39,251,925
Cash and cash equivalents at end of year	41,258,917	44,617,789
Supplemental disclosures:
Interest	3,448,525	3,056,939
Income taxes	4,152,050	275,075
Non-cash activities:
Transfers of loans to other real estate	1,050,342	2,208,010
Issuance of restricted stock grants	69,327	67,627
Loans originated to facilitate the sale of land	$ 0	$ 402,982

NATURE OF BUSINESS

NATURE OF BUSINESS	12 Months Ended
	Dec. 31, 2015
Notes To Financial Statements [Abstract]
NATURE OF BUSINESS	NOTE A - NATURE OF BUSINESS The First Bancshares, Inc. (the Company) is a bank holding company whose business is primarily conducted by its wholly-owned subsidiary, The First, A National Banking Association (the Bank). The Bank provides a full range of banking services in its primary market area of South Mississippi, South Alabama, and Louisiana. The Company is regulated by the Federal Reserve Bank. Its subsidiary bank is subject to the regulation of the Office of the Comptroller of the Currency (OCC).

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The Company and the Bank follow accounting principles generally accepted in the United States of America including, where applicable, general practices within the banking industry. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany accounts and transactions have been eliminated. 2. Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of deferred tax assets. 3. Cash and Due From Banks Included in cash and due from banks are legal reserve requirements which must be maintained on an average basis in the form of cash and balances due from the Federal Reserve. The reserve balance varies depending upon the types and amounts of deposits. At December 31, 2015, the required reserve balance on deposit with the Federal Reserve Bank was approximately $ 11,621,000 4. Securities Investments in securities are accounted for as follows: Available-for-Sale Securities Securities classified as available-for-sale are those securities that are intended to be held for an indefinite period of time, but not necessarily to maturity. Any decision to sell a security classified as available-for-sale would be based on various factors, including movements in interest rates, liquidity needs, security risk assessments, changes in the mix of assets and liabilities and other similar factors. These securities are carried at their estimated fair value, and the net unrealized gain or loss is reported net of tax, as a component of accumulated other comprehensive income (loss) in stockholders' equity, until realized. Premiums and discounts are recognized in interest income using the interest method. Gains and losses on the sale of available-for-sale securities are determined using the adjusted cost of the specific security sold. Securities to be Held-to-Maturity Securities classified as held-to-maturity are those securities for which there is a positive intent and ability to hold to maturity. These securities are carried at cost adjusted for amortization of premiums and accretion of discounts, computed by the interest method. Trading Account Securities Trading account securities are those securities which are held for the purpose of selling them at a profit. There were no trading account securities on hand at December 31, 2015 and 2014. Other Securities Other securities are carried at cost and are restricted in marketability. Other securities consist of investments in the Federal Home Loan Bank (FHLB), Federal Reserve Bank and First National Bankers’ Bankshares, Inc. Management reviews for impairment based on the ultimate recoverability of the cost basis. Other-than-Temporary Impairment Management evaluates investment securities for other-than-temporary impairment on a quarterly basis. A decline in the fair value of available-for-sale and held-to-maturity securities below cost that is deemed other-than-temporary is charged to earnings for a decline in value deemed to be credit related and a new cost basis for the security is established. The decline in value attributed to non-credit related factors is recognized in other comprehensive income. 5. Loans held for sale The Bank originates fixed rate single family, residential first mortgage loans on a presold basis. The Bank issues a rate lock commitment to a customer and concurrently “locks in” with a secondary market investor under a best efforts delivery mechanism. Such loans are sold without the servicing retained by the Bank. The terms of the loan are dictated by the secondary investors and are transferred within several weeks of the Bank initially funding the loan. The Bank recognizes certain origination fees and service release fees upon the sale, which are included in other income on loans in the consolidated statements of income. Between the initial funding of the loans by the Bank and the subsequent purchase by the investor, the Bank carries the loans held for sale at the lower of cost or fair value in the aggregate as determined by the outstanding commitments from investors. Loans Loans are carried at the principal amount outstanding, net of the allowance for loan losses. Interest income on loans is recognized based on the principal balance outstanding and the stated rate of the loan. Loan origination fees and certain direct origination costs are deferred and recognized as an adjustment of the related loan yield using the interest method. A loan is considered impaired, in accordance with the impairment accounting guidance of Accounting Standards Codification (ASC) Section 310-10-35, Receivables, Subsequent Measurement Loans are generally placed on a nonaccrual status when principal or interest is past due ninety days or when specifically determined to be impaired. When a loan is placed on nonaccrual status, interest accrued but not received is generally reversed against interest income. If collectibility is in doubt, cash receipts on nonaccrual loans are used to reduce principal rather than recorded in interest income. Past due status is determined based upon contractual terms. 7. Allowance for Loan Losses For financial reporting purposes, the provision for loan losses charged to operations is based upon management's estimation of the amount necessary to maintain the allowance at an adequate level. Allowances for any impaired loans are generally determined based on collateral values. Loans are charged against the allowance for loan losses when management believes the collectibility of the principal is unlikely. Management evaluates the adequacy of the allowance for loan losses on a regular basis. These evaluations are based upon a periodic review of the collectibility considering historical experience, the nature and value of the loan portfolio, underlying collateral values, internal and independent loan reviews, and prevailing economic conditions. In addition, the OCC, as a part of the regulatory examination process, reviews the loan portfolio and the allowance for loan losses and may require changes in the allowance based upon information available at the time of the examination. The allowance consists of two components: allocated and unallocated. The components represent an estimation performed pursuant to either ASC Topic 450, Contingencies Receivables The unallocated portion of the allowance reflects management’s estimate of probable inherent but undetected losses within the portfolio due to uncertainties in economic conditions, changes in collateral values, unfavorable information about a borrower’s financial condition, and other risk factors that have not yet manifested themselves. In addition, the unallocated allowance includes a component that explicitly accounts for the inherent imprecision in the loan loss analysis. 8. Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation. The depreciation policy is to provide for depreciation over the estimated useful lives of the assets using the straight-line method. Repairs and maintenance expenditures are charged to operating expenses; major expenditures for renewals and betterments are capitalized and depreciated over their estimated useful lives. Upon retirement, sale, or other disposition of property and equipment, the cost and accumulated depreciation are eliminated from the accounts, and any gains or losses are included in operations. 9. Other Real Estate Other real estate, carried in other assets in the consolidated balance sheets, consists of properties acquired through foreclosure and, as held for sale property, is recorded at the lower of the outstanding loan balance or current appraisal less estimated costs to sell. Any write-down to fair value required at the time of foreclosure is charged to the allowance for loan losses. Subsequent gains or losses on other real estate are reported in other operating income or expenses. At December 31, 2015 and 2014, other real estate totaled $ 3,082,694 4,654,604 Goodwill and Other Intangible Assets Goodwill totaled $ 13,776,040 12,276,040 Goodwill totaling $ 1,500,000 The Company performed the required annual impairment tests of goodwill as of December 1, 2015. The Company’s annual impairment test did not indicate impairment as of the testing date, and subsequent to that date, management is not aware of any events or changes in circumstances since the impairment test that would indicate that goodwill might be impaired. The Company’s acquisition method recognized intangible assets, which are subject to amortization, and included in other assets in the accompanying consolidated balance sheets, include core deposit intangibles, amortized on a straight-line basis, over a 10 2015 2014 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount (Dollars in thousands) Core deposit intangibles $ 4,000 $ (1,885) $ 2,115 $ 4,000 $ (1,486) $ 2,514 (dollars in thousands) Amount Aggregate amortization expense for the year ended December 31: 2014 $ 387 2015 399 Estimated amortization expense for the year ending December 31: 2016 $ 383 2017 331 2018 331 2019 331 2020 331 Thereafter 408 $ 2,115 Other Assets and Cash Surrender Value Financing costs related to the issuance of junior subordinated debentures are being amortized over the life of the instruments and are included in other assets. The Company invests in bank owned life insurance (BOLI). BOLI involves the purchasing of life insurance by the Company on a chosen group of employees. The Company is the owner of the policies and, accordingly, the cash surrender value of the policies is reported as an asset, and increases in cash surrender values are reported as income. Stock Options The Company accounts for stock based compensation in accordance with ASC Topic 718, Compensation - Stock Compensation Income Taxes Income taxes are provided for the tax effects of the transactions reported in the financial statements and consist of taxes currently payable plus deferred taxes related primarily to differences between the bases of assets and liabilities as measured by income tax laws and their bases as reported in the financial statements. The deferred tax assets and liabilities represent the future tax consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. The Company and its subsidiary file consolidated income tax returns. The subsidiary provides for income taxes on a separate return basis and remits to the Company amounts determined to be payable. ASC Topic 740, Income Taxes, Advertising Costs Advertising costs are expensed in the period in which they are incurred. Advertising expense for the years ended December 31, 2015 and 2014, was $ 437,085 394,363 15. Statements of Cash Flows For purposes of reporting cash flows, cash and cash equivalents include cash, amounts due from banks, interest-bearing deposits with banks and federal funds sold. Generally, federal funds are sold for a one to seven day period. Off-Balance Sheet Financial Instruments In the ordinary course of business, the subsidiary bank enters into off-balance sheet financial instruments consisting of commitments to extend credit, credit card lines and standby letters of credit. Such financial instruments are recorded in the financial statements when they are exercised. Earnings Applicable to Common Stockholders Per share amounts are presented in accordance with ASC Topic 260, Earnings Per Share. For the Year Ended For the Year Ended December 31, 2015 December 31, 2014 Net Net Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Basic per common Share $ 8,456,242 5,371,111 $ 1.57 $ 6,250,743 5,227,768 $ 1.20 Effect of dilutive shares: Restricted Stock 70,939 42,901 $ 8,456,242 5,442,050 $ 1.55 $ 6,250,743 5,270,669 $ 1.19 The diluted per share amounts were computed by applying the treasury stock method. 18. Reclassifications Certain reclassifications have been made to the 2014 financial statements to conform with the classifications used in 2015. These reclassifications did not impact the Company's consolidated financial condition or results of operations. 19. Accounting Pronouncements In January 2014, the FASB issued ASU No. 2014-01, Investments—Equity Method and Joint Ventures (Topic 323), “Accounting for Investments in Qualified Affordable Housing Projects,” which permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). For those investments in qualified affordable housing projects not accounted for using the proportional method, the investment should be accounted for as an equity method investment or a cost method investment. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. This amendment should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. ASU 2014-01 is effective for fiscal years beginning on or after December 15, 2014, and interim periods within those annual periods. The Company adopted this standard, which had no material impact on the consolidated financial statements. In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40), “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure,” which will eliminate diversity in practice regarding the timing of derecognition for residential mortgage loans when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. Under ASU 2014-04, physical possession of residential real estate property is achieved when either the creditor obtains legal title to the residential real estate property upon completion of a foreclosure or the borrower conveys all interest in the residential real estate property through completion of a deed in lieu or foreclosure in order to satisfy the loan. Once physical possession has been achieved, the loan is derecognized and the property recorded within other assets at the lower of cost or fair value (less estimated costs to sell). In addition, the guidance requires both interim and annual disclosure of both the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure. The additional disclosure requirements are effective for annual reporting periods beginning on or after December 15, 2014, and interim periods within those annual periods with retrospective disclosure necessary for all comparative periods presented. The adoption of this standard did not have any impact on the Company’s consolidated financial statements. In August 2014, the FASB issued ASU 2014-14, Troubled Debt Restructurings by Creditors (Subtopic 310-40), “Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure,” which will eliminate diversity in practice relating to how creditors classify government-guaranteed mortgage loans, including Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA) guaranteed loans, upon foreclosure. Under ASU 2014-14 a mortgage must be derecognized and a separate other receivable recognized upon foreclosure when the loan possesses a non-separable government guarantee that the creditor has both the intent and ability to exercise and for which any amount of the claim determined on the basis of the fair value of the real estate is fixed. Other receivables recognized under this guidance are to be measured based on the amount of the principal and interest expected to be recovered from the guarantor. ASU 2014-14 allows for a modified retrospective or prospective adoption in conjunction with ASU 2014-04 and is effective for annual reporting periods beginning on or after December 15, 2014, and interim periods within those annual periods with early adoption permitted. The Company has adopted this accounting standard; however, ASU 2014-14 did not have a material impact on the Company’s consolidated financial statements. In February 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-02 “Consolidation (Topic 810) – Amendments to the Consolidation Analysis.” ASU 2015-02 includes amendments that are intended to improve targeted areas of consolidation for legal entities including reducing the number of consolidation models from four to two and simplifying the FASB Accounting Standards Codification. ASU 2015-02 is effective for annual and interim periods within those annual periods, beginning after December 15, 2015. The amendments may be applied retrospectively in previously issued financial statements for one or more years with a cumulative effect adjustment to retained earnings as of the beginning of the first year restated. Early adoption is permitted, including adoption in an interim period. The Company is assessing the impact of ASU 2015-02 on its accounting and disclosures.

BUSINESS COMBINATION

BUSINESS COMBINATION	12 Months Ended
	Dec. 31, 2015
Business Combination, Description [Abstract]
BUSINESS COMBINATION	NOTE C – BUSINESS COMBINATION The Company accounts for its acquisitions using the acquisition method. Acquisition accounting requires the total purchase price to be allocated to the estimated fair values of assets acquired and liabilities assumed, including certain intangible assets that must be recognized. Typically, this allocation results in the purchase price exceeding the fair value of net assets acquired, which is recorded as goodwill. Core deposit intangibles are a measure of the value of checking, money market and savings deposits acquired in business combinations accounted for under the acquisition method. Core deposit intangibles and other identified intangibles with finite useful lives are amortized using the straight line method over their estimated useful lives of up to ten years. Loans that the Company acquires in connection with acquisitions are recorded at fair value with no carryover of the related allowance for credit losses. Fair value of the loans involves estimating the amount and timing of principal and interest cash flows expected to be collected on the loans and discounting those cash flows at a market rate of interest. The excess or deficit of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount or amortizable premium and is recognized into interest income over the remaining life of the loan. The Mortgage Connection On December 14, 2015, the Company completed the acquisition of The Mortgage Connection, a Mississippi corporation, which included two loan production offices located in Madison and Brandon, Mississippi. In connection with the acquisition, the Company recorded $ 1.5 Purchase price: Cash $ 844 Payable 800 Total purchase price 1,644 Identifiable assets: Intangible 100 Personal property 44 Total assets 144 Liabilities and equity: Net assets acquired $ 144 Goodwill resulting from acquisition $ 1,500 Expenses associated with the acquisition were $ 13,000 BCB Holding Company, Inc. On March 3, 2014, the Company entered into an Agreement and Plan of Merger (the “Agreement”) with BCB Holding Company, Inc., an Alabama corporation (“BCB”) and parent of Bay Bank, Mobile, Alabama. The Agreement provides that, upon the terms and subject to the conditions set forth in the Agreement, BCB will merge with and into the Company (the “Merger”) and Bay Bank will merge with and into The First, A National Banking Association (“Bank Merger”). Subject to the terms and conditions of the Agreement, which has been approved by the Boards of Directors of the Company and BCB, each outstanding share of BCB common stock, other than shares held by the Company or BCB, or, shares with respect to which the holders thereof have perfected dissenters’ rights, received (i) for the BCB common stock that was outstanding prior to August 1, 2013, $ 3.60 2.25 0.40 6.2 6.6 174,000 8,000 166,000 As of the closing on July 1, 2014, the Company and BCB entered into an agreement and plan of merger pursuant to which BCB’s wholly-owned subsidiary, Bay Bank, was merged with and into the Company’s wholly-owned subsidiary, the Bank. In connection with the acquisition, the Company recorded $ 1.7 2 10 The Company acquired the $ 40.1 1.7 (dollars in thousands): Purchase price: Cash and fair value of common stock $ 6,300 Total purchase price 6,300 Identifiable assets: Cash and due from banks 8,307 Investments 23,423 Loans and leases 38,393 Other Real Estate 571 Core deposit intangible 225 Personal and real property 3,670 Deferred tax asset 2,502 Other assets 305 Total assets 77,396 Liabilities and equity: Deposits 59,321 Borrowed funds 13,104 Other liabilities 326 Total liabilities 72,751 Net assets acquired 4,645 Goodwill resulting from acquisition $ 1,655 Outstanding principal balance $ 26,639 Carrying amount 25,332 Loans acquired with deteriorated credit quality are detailed in Note E – Loans. Expenses associated with the acquisition were $ 29,000 508,000

SECURITIES

SECURITIES	12 Months Ended
	Dec. 31, 2015
Securities [Abstract]
SECURITIES	NOTE D – SECURITIES December 31, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available-for-sale securities: Obligations of U.S. Government agencies $ 19,479,107 $ 144,408 $ 12,565 $ 19,610,950 Tax-exempt and taxable obligations of states and municipal subdivisions 95,631,123 2,361,599 103,391 97,889,331 Mortgage-backed securities 98,222,658 1,127,562 425,100 98,925,120 Corporate obligations 23,494,670 62,408 1,210,996 22,346,082 Other 1,255,483 - 294,540 960,943 $ 238,083,041 $ 3,695,977 $ 2,046,592 $ 239,732,426 Held-to-maturity securities: Mortgage-backed securities $ 1,092,120 $ 15,712 $ - $ 1,107,832 Taxable obligations of states and municipal subdivisions 6,000,000 1,440,000 - 7,440,000 $ 7,092,120 $ 1,455,712 $ - $ 8,547,832 December 31, 2014 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available-for-sale securities: Obligations of U.S. Government agencies $ 27,225,335 $ 199,851 $ 53,550 $ 27,371,636 Tax-exempt and taxable obligations of states and municipal subdivisions 101,873,361 2,896,657 187,598 104,582,420 Mortgage-backed securities 91,697,199 1,579,218 240,805 93,035,612 Corporate obligations 29,952,502 140,556 1,307,782 28,785,276 Other 1,255,483 - 283,981 971,502 $ 252,003,880 $ 4,816,282 $ 2,073,716 $ 254,746,446 Held-to-maturity securities: Mortgage-backed securities $ 2,192,741 $ 20,875 $ - $ 2,213,616 Taxable obligations of states and municipal subdivisions 6,000,000 1,780,200 - 7,780,200 $ 8,192,741 $ 1,801,075 $ - $ 9,993,816 Available-for-Sale Held-to-Maturity Estimated Estimated Amortized Fair Amortized Fair Cost Value Cost Value Due less than one year $ 22,350,096 $ 22,429,139 $ - $ - Due after one year through five years 59,279,860 59,825,406 - - Due after five years through ten years 41,007,663 42,484,543 6,000,000 7,440,000 Due after ten years 17,222,764 16,068,218 - - Mortgage-backed securities 98,222,658 98,925,120 1,092,120 1,107,832 $ 238,083,041 $ 239,732,426 $ 7,092,120 $ 8,547,832 Actual maturities can differ from contractual maturities because the obligations may be called or prepaid with or without penalties. No gain or loss was realized from the sale of available-for-sale securities in 2015 and a gain of $ 237,173 Securities with a carrying value of $ 215,726,751 191,534,036 2015 Losses < 12 Months Losses 12 Months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Obligations of U.S. government agencies $ 4,975,580 $ 12,565 $ - $ - $ 4,975,580 $ 12,565 Tax-exempt and taxable obligations of states and municipal subdivisions 12,762,528 50,055 3,049,129 53,336 15,811,657 103,391 Mortgage-backed securities 36,024,587 370,514 2,507,036 54,586 38,531,623 425,100 Corporate obligations 8,531,765 28,627 3,144,333 1,182,369 11,676,098 1,210,996 Other - - 960,943 294,540 960,943 294,540 $ 62,294,460 $ 461,761 $ 9,661,441 $ 1,584,831 $ 71,955,901 $ 2,046,592 2014 Losses < 12 Months Losses 12 Months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Obligations of U.S. government agencies $ 5,510,325 $ 16,481 $ 3,451,215 $ 37,069 $ 8,961,540 $ 53,550 Tax-exempt and taxable obligations of states and municipal subdivisions 9,191,726 28,694 10,667,122 158,904 19,858,848 187,598 Mortgage-backed securities 156,589 5,207 19,319,269 235,598 19,475,858 240,805 Corporate obligations 6,910,425 32,096 6,580,925 1,275,686 13,491,350 1,307,782 Other - - 971,502 283,981 971,502 283,981 $ 21,769,065 $ 82,478 $ 40,990,033 $ 1,991,238 $ 62,759,098 $ 2,073,716 Approximately 18

LOANS

LOANS	12 Months Ended
	Dec. 31, 2015
Loans Receivable, Net [Abstract]
LOANS	NOTE E - LOANS Loans typically provide higher yields than the other types of earning assets, and thus one of the Company's goals is for loans to be the largest category of the Company's earning assets. At December 31, 2015 and December 31, 2014, respectively, loans accounted for 74.0 71.3 December 31, 2015 December 31, 2014 Percent Percent of of Amount Total Amount Total (Dollars in thousands) Mortgage loans held for sale $ 3,974 0.5 % $ 2,103 0.3 % Commercial, financial and agricultural 129,197 16.6 106,109 15.0 Real Estate: Mortgage-commercial 253,309 32.6 238,602 33.8 9 Mortgage-residential 272,180 35.1 256,406 36.3 Construction 99,161 12.8 84,935 12.0 Lease financing receivable 2,650 0.3 - - Consumer and other 16,018 2.1 18,480 2.6 Total loans 776,489 100 % 706,635 100 % Allowance for loan losses (6,747) (6,095) Net loans $ 769,742 $ 700,540 In the context of this discussion, a "real estate mortgage loan" is defined as any loan, other than a loan for construction purposes, secured by real estate, regardless of the purpose of the loan. The Company follows the common practice of financial institutions in the Company’s market area of obtaining a security interest in real estate whenever possible, in addition to any other available collateral. This collateral is taken to reinforce the likelihood of the ultimate repayment of the loan and tends to increase the magnitude of the real estate loan portfolio component. Generally, the Company limits its loan-to-value ratio to 80 Loans held for sale consist of mortgage loans originated by the Bank and sold into the secondary market. Commitments from investors to purchase the loans are obtained upon origination. (In thousands) 2015 2014 Balance at beginning of period $ 6,095 $ 5,728 Loans charged-off: Real Estate (534) (1,203) Installment and Other (126) (167) Commercial, Financial and Agriculture (183) (89) Total (843) (1,459) Recoveries on loans previously charged-off: Real Estate 905 325 Installment and Other 81 68 Commercial, Financial and Agriculture 99 15 Total 1,085 408 Net (Charge-offs) Recoveries 242 (1,051) Provision for Loan Losses 410 1,418 Balance at end of period $ 6,747 $ 6,095 Allocation of the Allowance for Loan Losses December 31, 2015 (Dollars in thousands) % of loans in each category Amount to total loans Commercial Non Real Estate $ 895 17.1 % Commercial Real Estate 3,018 58.4 Consumer Real Estate 1,477 21.9 Consumer 141 2.5 Unallocated 1,216 .1 Total $ 6,747 100 % December 31, 2014 (Dollars in thousands) % of loans in each category Amount to total loans Commercial Non Real Estate $ 713 15.3 % Commercial Real Estate 3,355 57.9 Consumer Real Estate 1,852 24.2 Consumer 175 2.6 Unallocated - - Total $ 6,095 100 % December 31, December 31, 2015 2014 (In thousands) Impaired Loans: Impaired loans without a valuation allowance $ 6,020 $ 4,702 Impaired loans with a valuation allowance 4,107 4,858 Total impaired loans $ 10,127 $ 9,560 Allowance for loan losses on impaired loans at period end 957 968 Total nonaccrual loans 7,368 6,056 Past due 90 days or more and still accruing 29 669 Average investment in impaired loans 9,652 7,077 2015 2014 Interest income recognized during impairment - 129 Cash-basis interest income recognized 211 256 The gross interest income that would have been recorded in the period that ended if the nonaccrual loans had been current in accordance with their original terms and had been outstanding throughout the period or since origination, if held for part of the twelve months for the years ended December 31, 2015 and 2014, was $ 116,000 92,000 The following tables provide the ending balances in the Company's loans (excluding mortgage loans held for sale) and allowance for loan losses, broken down by portfolio segment as of December 31, 2015 and December 31, 2014. The tables also provide additional detail as to the amount of our loans and allowance that correspond to individual versus collective impairment evaluation. December 31, 2015 Installment Commercial, and Real Estate Other Financial and Agriculture Total (In thousands) Loans Individually evaluated $ 9,782 $ 39 $ 306 $ 10,127 Collectively evaluated 610,996 19,591 131,801 762,388 Total $ 620,778 $ 19,630 $ 132,107 $ 772,515 Allowance for Loan Losses Individually evaluated $ 882 $ 25 $ 50 $ 957 Collectively evaluated 3,613 1,332 845 5,790 Total $ 4,495 $ 1,357 $ 895 $ 6,747 December 31, 2014 Installment Commercial, And Real Estate Other Financial and Agriculture Total (In thousands) Loans Individually evaluated $ 9,282 $ 38 $ 240 $ 9,560 Collectively evaluated 568,952 18,610 107,410 694,972 Total $ 578,234 $ 18,648 $ 107,650 $ 704,532 Allowance for Loan Losses Individually evaluated $ 922 $ 29 $ 17 $ 968 Collectively evaluated 4,285 146 696 5,127 Total $ 5,207 $ 175 $ 713 $ 6,095 December 31, 2015 Average Interest Recorded Income Recorded Unpaid Related Investment Recognized Investment Balance Allowance YTD YTD (In thousands) Impaired loans with no related allowance: Commercial installment $ - $ - $ - $ 2 $ - Commercial real estate 5,790 5,828 - 5,099 50 Consumer real estate 223 223 - 205 - Consumer installment 7 7 - 8 - Total $ 6,020 $ 6,058 $ - $ 5,314 $ 50 Impaired loans with a related allowance: Commercial installment $ 306 $ 306 $ 50 $ 264 $ 14 Commercial real estate 2,927 2,927 444 2,891 132 Consumer real estate 842 842 438 1,152 15 Consumer installment 32 32 25 31 - Total $ 4,107 $ 4,107 $ 957 $ 4,338 $ 161 Total Impaired Loans: Commercial installment $ 306 $ 306 $ 50 $ 266 $ 14 Commercial real estate 8,717 8,755 444 7,990 182 Consumer real estate 1,065 1,065 438 1,357 15 Consumer installment 39 39 25 39 - Total Impaired Loans $ 10,127 $ 10,165 $ 957 $ 9,652 $ 211 December 31, 2014 Average Interest Recorded Income Recorded Unpaid Related Investment Recognized Investment Balance Allowance YTD YTD (In thousands) Impaired loans with no related allowance: Commercial installment $ - $ - $ - $ 50 $ - Commercial real estate 4,665 4,665 - 2,654 142 Consumer real estate 27 27 - 179 - Consumer installment 10 10 - 11 - Total $ 4,702 $ 4,702 $ - $ 2,894 $ 142 Impaired loans with a related allowance: Commercial installment $ 240 $ 240 $ 18 $ 189 $ 20 Commercial real estate 2,558 2,558 315 2,415 59 Consumer real estate 2,032 2,032 607 1,546 33 Consumer installment 28 28 28 33 2 Total $ 4,858 $ 4,858 $ 968 $ 4,183 $ 114 Total Impaired Loans: Commercial installment $ 240 $ 240 $ 18 $ 239 $ 20 Commercial real estate 7,223 7,223 315 5,069 201 Consumer real estate 2,059 2,059 607 1,725 33 Consumer installment 38 38 28 44 2 Total Impaired Loans $ 9,560 $ 9,560 $ 968 $ 7,077 $ 256 Loans acquired with deteriorated credit quality are those purchased in the BCB Holding Company, Inc. acquisition (See Note C -Business Combination for further information). These loans were recorded at estimated fair value at the acquisition date with no carryover of the related allowance for loan losses. The acquired loans were segregated as of the acquisition date between those considered to be performing (acquired non-impaired loans) and those with evidence of credit deterioration (acquired impaired loans). Acquired loans are considered impaired if there is evidence of credit deterioration and if it is probable, at acquisition, all contractually required payments will not be collected. July 1, 2014 (In thousands) Commercial, Mortgage- Mortgage- Commercial Total Contractually required payments $ 1,519 $ 29,648 $ 7,933 $ 976 $ 40,076 Cash flows expected to be collected 1,570 37,869 9,697 1,032 50,168 Fair value of loans acquired 1,513 28,875 7,048 957 38,393 Total outstanding acquired impaired loans were $ 3,039,840 Accretable Carrying Balance at beginning of period $ 1,417 $ 2,063 Accretion (198) 198 Payments received, net - (440) Balance at end of period $ 1,219 $ 1,821 December 31, 2015 Outstanding Outstanding Interest Investment Investment Number of Income (in thousands except number of loans) Commercial installment $ - $ - - $ - Commercial real estate 499 492 2 10 Consumer real estate 45 40 1 - Consumer installment - - - - Total $ 544 $ 532 3 $ 10 December 31, 2014 Outstanding Outstanding Interest Investment Investment Number of Income (in thousands except number of loans) Commercial installment $ 239 $ 176 1 $ 15 Commercial real estate 1,345 1,342 7 26 Consumer real estate 94 94 1 1 Consumer installment - - - - Total $ 1,678 $ 1,612 9 $ 42 The TDRs presented above did increase the allowance for loan losses but resulted in -0- charge-offs for the years ended December 31, 2015 and 2014, respectively. The balance of troubled debt restructurings at December 31, 2015 and 2014, was $ 6.9 6.8 All loans were performing as agreed with modified terms. During the twelve month period ending December 31, 2015 and 2014, the terms of 3 and 9 loans, respectively, were modified as TDRs. December 31, 2015 Current Past Due Past Due 90 Non-Accrual Total Commercial installment $ 206,237 $ - $ - $ 50,221 $ 256,458 Commercial real estate 1,823,217 - - 2,933,287 4,756,504 Consumer real estate 721,110 - - 1,134,816 1,855,926 Consumer installment 7,894 - - 29,435 37,329 Total $ 2,758,458 $ - $ - $ 4,147,759 $ 6,906,217 Allowance for loan losses $ 106,028 $ - $ - $ 197,338 $ 303,366 December 31, 2014 Current Past Due Past Due 90 Non-Accrual Total Commercial installment $ 233,340 $ - $ - $ - $ 233,340 Commercial real estate 1,684,755 - - 2,729,170 4,413,925 Consumer real estate 952,162 622,302 - 448,796 2,023,260 Consumer installment 9,983 - - 103,109 113,092 Total $ 2,880,240 $ 622,302 $ - $ 3,281,075 $ 6,783,617 Allowance for loan losses $ 120,220 $ 11,206 $ 102,657 $ - $ 234,083 December 31, 2015 (In thousands) Past Due Past Due Non-Accrual Total Total Real Estate-construction $ 311 $ - $ 2,956 $ 3,267 $ 99,161 Real Estate-mortgage 3,339 29 2,055 5,423 272,180 Real Estate-nonfarm nonresidential 736 - 2,225 2,961 253,309 Commercial 97 - 100 197 129,197 Lease financing receivable - - - - 2,650 Consumer 70 - 32 102 16,018 Total $ 4,553 $ 29 $ 7,368 $ 11,950 $ 772,515 December 31, 2014 (In thousands) Past Due Past Due 90 Non-Accrual Total Total Real Estate-construction $ 428 $ - $ 2,747 $ 3,175 $ 84,935 Real Estate-mortgage 3,208 208 2,164 5,580 256,406 Real Estate- nonfarm nonresidential 3,408 461 1,102 4,971 238,602 Commercial 29 - 5 34 106,109 Consumer 90 - 38 128 18,480 Total $ 7,163 $ 669 $ 6,056 $ 13,888 $ 704,532 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company uses the following definitions for risk ratings, which are consistent with the definitions used in supervisory guidance: Special Mention. Loans classified as special mention have a potential weakness that deserves management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Company’s credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, 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. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. (In thousands) December 31, 2015 Commercial, Real Estate Real Estate Installment and Financial and Commercial Mortgage Other Agriculture Total Pass $ 434,638 $ 167,394 $ 19,556 $ 132,101 $ 753,689 Special Mention 681 153 - 168 1,002 Substandard 16,655 1,453 75 178 18,361 Doubtful - 327 - - 327 Subtotal 451,974 169,327 19,631 132,447 773,379 Less: Unearned Discount 448 76 - 340 864 Loans, net of unearned discount $ 451,526 $ 169,251 $ 19,631 $ 132,107 $ 772,515 December 31, 2014 Commercial, Real Estate Real Estate Installment and Financial and Commercial Mortgage Other Agriculture Total Pass $ 388,569 $ 167,827 $ 18,558 $ 107,126 $ 682,080 Special Mention 4,756 191 - 498 5,445 Substandard 14,727 2,567 90 63 17,447 Doubtful - - - - - Subtotal 408,052 170,585 18,648 107,687 704,972 Less: Unearned Discount 320 82 - 38 440 Loans, net of unearned discount $ 407,732 $ 170,503 $ 18,648 $ 107,649 $ 704,532

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	NOTE F - PREMISES AND EQUIPMENT 2015 2014 Premises: Land $ 10,352,314 $ 10,565,633 Buildings and improvements 26,164,412 25,872,002 Equipment 10,927,780 11,663,195 Construction in progress 76,920 188,146 47,521,426 48,288,976 Less accumulated depreciation and amortization 13,898,415 13,479,133 $ 33,623,011 $ 34,809,843 The amounts charged to operating expense for depreciation were $ 1,645,081 1,552,297

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
DEPOSITS	NOTE G - DEPOSITS The aggregate amount of time deposits in denominations of $100,000 or more as of December 31, 2015 and 2014, was $ 105,605,438 120,693,807 Year Amount 2016 $ 120,771 2017 25,924 2018 12,154 2019 8,408 2020 12,216 Thereafter - $ 179,473

BORROWED FUNDS

BORROWED FUNDS	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
BORROWED FUNDS	NOTE H - BORROWED FUNDS December 31, 2015 2014 Reverse Repurchase Agreement $ 5,000,000 $ 5,000,000 Fed Funds purchased 5,340,000 - FHLB advances 99,981,245 84,450,067 $ 110,321,245 $ 89,450,067 Advances from the FHLB have maturity dates ranging from January 2016 through June 2019. Interest is payable monthly at rates ranging from .31% to 5.47%. Advances due to the FHLB are collateralized by a blanket lien on first mortgage loans in the amount of the outstanding borrowings, FHLB capital stock, and amounts on deposit with the FHLB. At December 31, 2015, FHLB advances available and unused totaled $242,945,692. Year Amount 2016 $ 91,981,245 2017 5,000,000 2018 - 2019 3,000,000 Total $ 99,981,245 Reverse Repurchase Agreements consist of one $5,000,000 agreement. The agreement is secured by securities with a fair value of $5,501,503 at December 31, 2015 and $7,443,951 at December 31, 2014. The maturity date of the remaining agreement is September 26, 2017, with a rate of 3.81%.

LEASE OBLIGATIONS

LEASE OBLIGATIONS	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
LEASE OBLIGATIONS	NOTE I – LEASE OBLIGATIONS The Company is committed under several long-term operating leases which provide for minimum lease payments. Certain leases contain options for renewal. Total rental expense under these operating leases amounted to $530,000 and $421,000 as of December 31, 2015 and 2014, respectively. The Company is also committed under two long-term capital lease agreements. One capital lease agreement had an outstanding balance of $1,018,000 and $1,154,000 at December 31, 2015 and 2014, respectively (included in other liabilities). This lease has a remaining term of 6 years at December 31, 2015. Assets related to the capital lease are included in premises and equipment and the cost consists of $2.6 million less accumulated depreciation of approximately $1,127,913 and $866,313 at December 31, 2015 and 2014, respectively. The second capital lease agreement had an outstanding balance of $309,000 at December 31, 2015. This lease has a remaining term of 4 years at December 31, 2015. Assets related to the capital lease are included in premises and equipment and the cost consists of $0.3 million less accumulated depreciation of approximately $1,000 at December 31, 2015. Operating Leases Capital Leases (In thousands) 2016 503 252 2017 214 275 2018 141 275 2019 141 275 2020 130 191 Thereafter 556 175 Total Minimum Lease Payments $ 1,685 $ 1,443 Less: Amount representing interest (116) Present value of minimum lease payments $ 1,327

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
REGULATORY MATTERS	NOTE J - REGULATORY MATTERS The Company and its subsidiary bank are subject to regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and its subsidiary bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgment by regulators about components, risk weightings, and other related factors. To ensure capital adequacy, quantitative measures have been established by regulators, and these require the Company and its subsidiary bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier I capital (as defined) to risk-weighted assets (as defined), Tier I capital to adjusted total assets (leverage) and common equity Tier 1. Management believes, as of December 31, 2015, that the Company and its subsidiary bank exceeded all capital adequacy requirements. In 2013, the Federal Reserve voted to adopt final capital rules implementing Basel III requirements for U.S. Banking organizations. Under the final rule, minimum requirements increased for both the quantity and quality of capital held by banking organizations. The final rule includes a new minimum ratio of common equity Tier 1 capital (Tier 1 Common) to risk-weighted assets and a Tier 1 Common capital conservation buffer of 2.5 4 At December 31, 2015 and 2014, the subsidiary bank was categorized by regulators as well-capitalized under the regulatory framework for prompt corrective action. Under Basel III requirements, a financial institution is considered to be well-capitalized if it has a total risk-based capital ratio of 10 8 5 Company Subsidiary (Consolidated) The First Amount Ratio Amount Ratio December 31, 2015 Total risk-based $ 103,403 11.9 % $ 102,911 11.8 % Common equity Tier 1 70,587 8.1 % 96,164 11.0 % Tier I risk-based 96,656 11.1 % 96,164 11.0 % Tier I leverage 96,656 8.7 % 96,164 8.6 % December 31, 2014 Total risk-based $ 95,419 12.3 % $ 94,888 12.2 % Tier I risk-based 89,324 11.5 % 88,793 11.4 % Tier I leverage 89,324 8.4 % 88,793 8.4 % Company Subsidiary (Consolidated) The First Amount Ratio Amount Ratio December 31, 2015 Total risk-based $ 69,753 8.0 % $ 69,698 8.0 % Common equity Tier 1 39,236 4.5 % 39,205 4.5 % Tier I risk-based 52,315 6.0 % 52,274 6.0 % Tier I leverage 44,661 4.0 % 44,625 4.0 % December 31, 2014 Total risk-based $ 62,272 8.0 % $ 62,208 8.0 % Tier I risk-based 31,136 4.0 % 31,104 4.0 % Tier I leverage 42,363 4.0 % 42,325 4.0 % The Company’s dividends, if any, are expected to be made from dividends received from its subsidiary bank. The OCC limits dividends of a national bank in any calendar year to the net profits of that year combined with the retained net profits for the two preceding years.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE K - INCOME TAXES Years Ended December 31, 2015 2014 Current: Federal $ 2,484,372 $ 1,757,098 State 473,037 347,382 Deferred 255,638 331,399 $ 3,213,047 $ 2,435,879 Years Ended December 31, 2015 2014 Amount % Amount % Income taxes at statutory rate $ 4,083,995 34 % $ 3,076,856 34 % Tax-exempt income (831,141) (7) % (863,204) (10) % Nondeductible expenses 161,176 1 % 238,638 3 % State income tax, net of federal tax effect 307,951 3 % 215,803 2 % Tax credits (295,800) (2) % (337,716) (4) % Other, net (213,134) (2) % 105,502 2 % $ 3,213,047 27 % $ 2,435,879 27 % December 31, 2015 2014 Deferred tax assets: Allowance for loan losses $ 2,516,669 $ 2,273,435 Net operating loss carryover 2,426,903 2,615,552 Other real estate 275,530 357,873 Other 1,194,345 1,200,419 6,413,447 6,447,279 Deferred tax liabilities: Securities accretion (112,050) (124,942) Premises and equipment (554,103) (443,080) Unrealized gain on available-for-sale securities (560,791) (932,473) Core deposit intangible (149,109) (238,562) Goodwill (929,316) (716,188) (2,305,369) (2,455,245) Net deferred tax asset, included in other assets $ 4,108,078 $ 3,992,034 With the acquisition of Wiggins in 2006, Baldwin in 2013, and Bay in 2014, the Company assumed federal tax net operating loss carryovers. These net operating losses are available to the Company through the years 2023, 2033, and 2034, respectively. The Company follows the guidance of ASC Topic 740, Income Taxes,

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	12 Months Ended
	Dec. 31, 2015
Employee Benefits Abstract [Abstract]
EMPLOYEE BENEFITS	NOTE L - EMPLOYEE BENEFITS The Company and its subsidiary bank provide a deferred compensation arrangement (401(k) plan) whereby employees contribute a percentage of their compensation. For employee contributions of six percent or less, the Company and its subsidiary bank provide a 50% matching contribution. Contributions totaled $287,055 in 2015 and $255,716 in 2014. The Company sponsors an Employee Stock Ownership Plan (ESOP) for employees who have completed one year of service for the Company and attained age 21. Employees become fully vested after five years of service. Contributions to the plan are at the discretion of the Board of Directors. At December 31, 2015, the ESOP held 5,902 shares of Company common stock and had no debt obligation. All shares held by the plan were considered outstanding for net income per share purposes. Total ESOP expense was $25,506 for 2015 and $26,267 for 2014. During 2014, the Company established a Supplemental Executive Retirement Plan (“SERP”) for three active key executives. Pursuant to the SERP, these officers are entitled to receive 180 equal monthly payments commencing at the later of obtaining age 65 or separation from service. The costs of such benefits, assuming a retirement date at age 65, will be accrued by the Company at such retirement date. During 2015, the Company accrued $88,992 for future benefits payable under the SERP. The SERP is an unfunded plan and is considered a general contractual obligation of the Company.

STOCK PLANS

STOCK PLANS	12 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK PLANS	NOTE M - STOCK PLANS In 2007, the Company adopted the 2007 Stock Incentive Plan. The 2007 Plan provided for the issuance of up to 315,000 1.00 300,000 1.00 615,000 69,627 69,327 6,324 14.06 721,124 617,779 1,266,000

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	12 Months Ended
	Dec. 31, 2015
Subordinated Borrowings [Abstract]
SUBORDINATED DEBENTURES	NOTE N - SUBORDINATED DEBENTURES On June 30, 2006, the Company issued $ 4,124,000 4,000,000 2036 6,186,000 6,000,000 2037 Consolidation,

TREASURY STOCK

TREASURY STOCK	12 Months Ended
	Dec. 31, 2015
Disclosure Text Block Supplement [Abstract]
TREASURY STOCK	NOTE O - TREASURY STOCK Shares held in treasury totaled 26,494

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE P - RELATED PARTY TRANSACTIONS In the normal course of business, the Bank makes loans to its directors and executive officers and to companies in which they have a significant ownership interest. In the opinion of management, these loans are made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other parties, are consistent with sound banking practices, and are within applicable regulatory and lending limitations. Such loans amounted to approximately $ 7,957,000 8,442,000 Loans outstanding at beginning of year $ 8,442 New loans 362 Repayments (847) Loans outstanding at end of year $ 7,957

COMMITMENTS, CONTINGENCIES, AND

COMMITMENTS, CONTINGENCIES, AND CONCENTRATIONS OF CREDIT RISK	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS, CONTINGENCIES, AND CONCENTRATIONS OF CREDIT RISK	NOTE Q - COMMITMENTS, CONTINGENCIES, AND CONCENTRATIONS OF CREDIT RISK In the normal course of business, there are outstanding various commitments and contingent liabilities, such as guaranties, commitments to extend credit, etc., which are not reflected in the accompanying financial statements. The subsidiary bank had outstanding letters of credit of $1,135,000 and $986,000 at December 31, 2015 and 2014, respectively, and had made loan commitments of approximately $144,086,000 and $128,086,000 at December 31, 2015 and 2014, respectively. Commitments to extend credit and letters of credit include some exposure to credit loss in the event of nonperformance of the customer. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit policies and procedures for such commitments are the same as those used for lending activities. Because these instruments have fixed maturity dates and because a number expire without being drawn upon, they generally do not present any significant liquidity risk. No significant losses on commitments were incurred during the two years ended December 31, 2015, nor are any significant losses as a result of these transactions anticipated. The primary market area served by the Bank is Forrest, Lamar, Jones, Pearl River, Jackson, Hancock, Stone, and Harrison Counties within South Mississippi, as well as Washington Parish, St. Tammany Parish and East Baton Rouge Parish in Louisiana and Baldwin and Mobile Counties in South Alabama. Management closely monitors its credit concentrations and attempts to diversify the portfolio within its primary market area. As of December 31, 2015, management does not consider there to be any significant credit concentrations within the loan portfolio. Although the Bank’s loan portfolio, as well as existing commitments, reflects the diversity of its primary market area, a substantial portion of a borrower's ability to repay a loan is dependent upon the economic stability of the area.

FAIR VALUES OF ASSETS AND LIABI

FAIR VALUES OF ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
FAIR VALUES OF ASSETS AND LIABILITIES	NOTE R - FAIR VALUES OF ASSETS AND LIABILITIES The Company follows the guidance of ASC Topic 820, Fair Value Measurements and Disclosures, The guidance defines the fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. In accordance with the guidance, the Company groups its financial assets and financial liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1: Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2: Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third party pricing services for identical or comparable assets or liabilities which use observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets and liabilities. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis and recognized in the accompanying consolidated balance sheets. Available-for-Sale Securities The fair value of available-for-sale securities is determined by various valuation methodologies. Where quoted market prices are available in an active market, securities are classified within Level 1. Level 1 securities include mutual funds. If quoted market prices are not available, then fair values are estimated by using pricing models or quoted prices of securities with similar characteristics. Level 2 securities include U.S. Treasury securities, obligations of U.S. government corporations and agencies, obligations of states and political subdivisions, mortgage-backed securities and collateralized mortgage obligations. In certain cases where Level 1 or Level 2 inputs are not available, securities are classified within Level 3 of the hierarchy. Fair Value Measurements Using Quoted Prices in Significant Active Markets Other Significant For Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) December 31, 2015 Obligations of U.S. Government agencies $ 19,611 $ - $ 19,611 $ - Municipal securities 97,889 - 97,889 - Mortgage-backed securities 98,925 - 98,925 - Corporate obligations 22,346 - 19,789 2,557 Other 961 961 - - Total $ 239,732 $ 961 $ 236,214 $ 2,557 Fair Value Measurements Using Quoted Prices in Significant Active Markets Other Significant For Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) December 31, 2014 Obligations of U.S. Government agencies $ 27,372 $ - $ 27,372 $ - Municipal securities 104,582 - 104,582 - Mortgage-backed securities 93,036 - 93,036 - Corporate obligations 28,784 - 25,983 2,801 Other 972 972 - - Total $ 254,746 $ 972 $ 250,973 $ 2,801 Bank-Issued Trust Trust Preferred (In thousands) Securities 2015 2014 Balance of recurring Level 3 assets at January 1 $ 2,801 $ 2,798 Transfers into Level 3 - - Transfers out of Level 3 - - Unrealized income (loss) included in comprehensive income (244) 3 Balance of recurring Level 3 assets at December 31 $ 2,557 $ 2,801 Trust Preferred Significant Securities Fair Value Valuation Technique Unobservable Inputs Range of Inputs December 31, 2015 $ 2,557 Discounted cash flow Discount rate 1.08% - 2.77% December 31, 2014 $ 2,801 Discounted cash flow Discount rate .79% - 2.49% Following is a description of the valuation methodologies used for assets and liabilities measured at fair value on a non-recurring basis and recognized in the accompanying balance sheets, as well as the general classification of such assets and liabilities pursuant to the valuation hierarchy. Impaired Loans Loans for which it is probable that the Company will not collect all principal and interest due according to contractual terms are measured for impairment. Allowable methods for estimating fair value include using the fair value of the collateral for collateral dependent loans or, where a loan is determined not to be collateral dependent, using the discounted cash flow method. If the impaired loan is identified as collateral dependent, then the fair value method of measuring the amount of impairment is utilized. This method requires obtaining a current independent appraisal of the collateral and applying a discount factor to the value. If the impaired loan is determined not to be collateral dependent, then the discounted cash flow method is used. This method requires the impaired loan to be recorded at the present value of expected future cash flows discounted at the loan’s effective interest rate. The effective interest rate of a loan is the contractual interest rate adjusted for any net deferred loan fees or costs, premiums or discounts existing at origination or acquisition of the loan. Impaired loans are classified within Level 2 of the fair value hierarchy. Other Real Estate Owned Other real estate owned consists of properties obtained through foreclosure. The adjustment at the time of foreclosure is recorded through the allowance for loan losses. Fair value of other real estate owned is based on current independent appraisals. Due to the subjective nature of establishing the fair value when the asset is acquired, the actual fair value of the other real estate owned or foreclosed asset could differ from the original estimate. If it is determined the fair value declines subsequent to foreclosure, a valuation allowance is recorded through other income. Operating costs associated with the assets after acquisition are also recorded as non-interest expense. Gains and losses on the disposition of other real estate owned and foreclosed assets are netted and posted to other income. Other real estate owned measured at fair value on a non-recurring basis at December 31, 2015, amounted to $3,083,000. Other real estate owned is classified within Level 2 of the fair value hierarchy. Fair Value Measurements Using Quoted Prices in Significant Active Markets Other Significant For Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) December 31, 2015 Impaired loans $ 10,127 $ - $ 10,127 $ - Other real estate owned 3,083 - 3,083 - December 31, 2014 Impaired loans $ 9,560 $ - $ 9,560 $ - Other real estate owned 4,655 - 4,655 - The following methods and assumptions were used to estimate the fair value of each class of financial instrument for which it is practicable to estimate that value: Cash and Cash Equivalents – For such short-term instruments, the carrying amount is a reasonable estimate of fair value. Investment in securities available-for-sale and held-to-maturity – The fair value measurement for securities available-for-sale was discussed earlier. The same measurement approach was used for securities held-to-maturity and other securities. Loans – The fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. Bank-owned Life Insurance – The fair value of bank-owned life insurance approximates the carrying amount, because upon liquidation of these investments, the Company would receive the cash surrender value which equals the carrying amount. Deposits – The fair values of demand deposits are, as required by ASC Topic 825, equal to the carrying value of such deposits. Demand deposits include noninterest-bearing demand deposits, savings accounts, NOW accounts, and money market demand accounts. The fair value of variable rate term deposits, those repricing within six months or less, approximates the carrying value of these deposits. Discounted cash flows have been used to value fixed rate term deposits and variable rate term deposits repricing after six months. The discount rate used is based on interest rates currently being offered on comparable deposits as to amount and term. Short-Term Borrowings – The carrying value of any federal funds purchased and other short-term borrowings approximates their fair values. FHLB and Other Borrowings – The fair value of the fixed rate borrowings are estimated using discounted cash flows, based on current incremental borrowing rates for similar types of borrowing arrangements. The carrying amount of any variable rate borrowing approximates its fair value. Subordinated Debentures – The subordinated debentures bear interest at a variable rate and the carrying value approximates the fair value. Off-Balance Sheet Instruments – Fair values of off-balance sheet financial instruments are based on fees charged to enter into similar agreements. However, commitments to extend credit do not represent a significant value until such commitments are funded or closed. Management has determined that these instruments do not have a distinguishable fair value and no fair value has been assigned. As of December 31, 2015 Fair Value Measurements Significant Other Significant Quoted Observable Unobservable Carrying Estimated Prices Inputs Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) Financial Instruments: Assets: Cash and cash equivalents $ 41,259 $ 41,259 $ 41,259 $ - $ - Securities available-for-sale 239,732 239,732 961 236,214 2,557 Securities held-to-maturity 7,092 8,548 - 8,548 - Other securities 8,135 8,135 - 8,135 - Loans, net 769,742 784,113 - - 784,113 Bank-owned life insurance 14,872 14,872 - 14,872 - Liabilities: Noninterest-bearing deposits $ 189,445 $ 189,445 $ - $ 189,445 $ - Interest-bearing deposits 727,250 726,441 - 726,441 - Subordinated debentures 10,310 10,310 - - 10,310 FHLB and other borrowings 110,321 110,321 - 110,321 - As of December 31, 2014 Fair Value Measurements Significant Other Significant Quoted Observable Unobservable Carrying Estimated Prices Inputs Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) Financial Instruments: Assets: Cash and cash equivalents $ 44,618 $ 44,618 $ 44,618 $ - $ - Securities available-for-sale 254,746 254,746 972 250,973 2,801 Securities held-to-maturity 8,193 9,994 - 9,994 - Other securities 7,234 7,234 - 7,234 - Loans, net 700,540 715,849 - - 715,849 Bank-owned life insurance 14,463 14,463 - 14,463 - Liabilities: Noninterest-bearing deposits $ 201,362 $ 201,362 $ - $ 201,362 $ - Interest-bearing deposits 691,413 691,036 - 691,036 - Subordinated debentures 10,310 10,310 - - 10,310 FHLB and other borrowings 89,450 89,450 - 89,450 -

SENIOR PREFERRED STOCK

SENIOR PREFERRED STOCK	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
SENIOR PREFERRED STOCK	NOTE S - SENIOR PREFERRED STOCK Pursuant to the terms of the letter agreement between the Company and the United States Department of the Treasury (“Treasury”), the Company issued 17,123 The Letter Agreement contains limitations on the payment of dividends on the common stock to no more than 100% of the aggregate per share dividend and distributions for the immediate prior fiscal year (dividends of $ 0.15 2 8 On Wednesday, May 13, 2015, The First Bancshares, Inc. (the “Company”) entered into a Letter Agreement, including Schedule A thereto (the “Letter Agreement”), with the United States Department of the Treasury (“Treasury”), pursuant to which the Company redeemed the Warrant to purchase up to 54,705 302,410

PARENT COMPANY FINANCIAL INFORM

PARENT COMPANY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
PARENT COMPANY FINANCIAL INFORMATION	NOTE T - PARENT COMPANY FINANCIAL INFORMATION The balance sheets, statements of income and cash flows for The First Bancshares, Inc. (parent company only) follow. December 31, 2015 2014 Assets: Cash and cash equivalents $ 213,621 $ 63,707 Investment in subsidiary bank 112,943,885 105,685,727 Investments in statutory trusts 310,000 310,000 Other 686,409 808,132 $ 114,153,915 $ 106,867,566 Liabilities and Stockholders’ Equity: Subordinated debentures $ 10,310,000 $ 10,310,000 Other 407,825 341,982 Stockholders’ equity 103,436,090 96,215,584 $ 114,153,915 $ 106,867,566 Years Ended December 31, 2015 2014 Income: Interest and dividends $ 5,573 $ 5,453 Dividend income 1,650,000 5,109,668 Other - 364,719 1,655,573 5,479,840 Expenses: Interest on borrowed funds 185,351 181,330 Legal 295,637 504,130 Other 833,502 752,027 1,314,490 1,437,487 Income before income taxes and equity in undistributed income of subsidiary 341,083 4,042,353 Income tax benefit 487,853 296,388 Income before equity in undistributed income of subsidiary 828,936 4,338,741 Equity in undistributed income of subsidiary 7,969,766 2,274,955 Net income $ 8,798,702 $ 6,613,696 Years Ended December 31, 2015 2014 Cash flows from operating activities: Net income $ 8,798,702 $ 6,613,696 Adjustments to reconcile net income to net cash used in operating activities: Equity in undistributed income of subsidiary (7,969,766) (2,274,955) Restricted stock expense 721,124 617,779 Gain on sale of assets - (364,719) Other, net 151,251 689,740 Net cash provided by operating activities 1,701,311 5,281,541 Cash flows from investing activities: Investment in subsidiary bank - - Outlays for acquisition (35,709) (4,034,668) Net cash used in investing activities (35,709) (4,034,668) Cash flows from financing activities: Dividends paid on common stock (778,428) (763,488) Dividends paid on preferred stock (342,460) (342,460) Repurchase of restricted stock for payment of taxes (92,390) (85,532) Repurchase of warrants (302,410) - Net cash used in financing activities (1,515,688) (1,191,480) Net increase in cash and cash equivalents 149,914 55,393 Cash and cash equivalents at beginning of year 63,707 8,314 Cash and cash equivalents at end of year $ 213,621 $ 63,707

SUMMARY OF QUARTERLY RESULTS OF

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (UNAUDITED)	Three Months Ended March 31 June 30 Sept. 30 Dec. 31 (In thousands, except per share amounts) 2015 Total interest income $ 9,683 $ 10,022 $ 10,080 $ 10,417 Total interest expense 804 806 793 804 Net interest income 8,879 9,216 9,287 9,613 Provision for loan losses 150 - 250 10 Net interest income after provision for loan losses 8,729 9,216 9,037 9,603 Total non-interest income 1,850 1,854 1,982 1,903 Total non-interest expense 7,818 8,092 7,977 8,275 Income tax expense 732 793 815 873 Net income 2,029 2,185 2,227 2,358 Preferred dividends 85 86 86 85 Net income applicable to common stockholders $ 1,944 $ 2,099 $ 2,141 $ 2,273 Per common share: Net income, basic $ .36 $ .39 $ .40 $ .42 Net income, diluted .36 .39 .39 .42 Cash dividends declared .0375 .0375 .0375 .0375 2014 Total interest income $ 8,447 $ 8,574 $ 9,688 $ 9,662 Total interest expense 623 726 833 791 Net interest income 7,824 7,848 8,855 8,871 Provision for loan losses 358 277 631 152 Net interest income after provision for loan losses 7,466 7,571 8,224 8,719 Total non-interest income 1,672 2,055 2,021 2,055 Total non-interest expense 7,227 7,384 8,071 8,051 Income tax expense 484 629 641 682 Net income 1,427 1,613 1,533 2,041 Preferred dividends and stock accretion 106 86 85 86 Net income applicable to common Stockholders $ 1,321 $ 1,527 $ 1,448 $ 1,955 Per common share: Net income, basic $ .26 $ .30 $ .27 $ .37 Net income, diluted .25 .29 .27 .36 Cash dividends declared .0375 .0375 .0375 .0375

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany accounts and transactions have been eliminated
Estimates	2. Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of deferred tax assets.
Cash and Due From Banks	3. Cash and Due From Banks Included in cash and due from banks are legal reserve requirements which must be maintained on an average basis in the form of cash and balances due from the Federal Reserve. The reserve balance varies depending upon the types and amounts of deposits. At December 31, 2015, the required reserve balance on deposit with the Federal Reserve Bank was approximately $ 11,621,000
Securities	4. Securities Investments in securities are accounted for as follows: Available-for-Sale Securities Securities classified as available-for-sale are those securities that are intended to be held for an indefinite period of time, but not necessarily to maturity. Any decision to sell a security classified as available-for-sale would be based on various factors, including movements in interest rates, liquidity needs, security risk assessments, changes in the mix of assets and liabilities and other similar factors. These securities are carried at their estimated fair value, and the net unrealized gain or loss is reported net of tax, as a component of accumulated other comprehensive income (loss) in stockholders' equity, until realized. Premiums and discounts are recognized in interest income using the interest method. Gains and losses on the sale of available-for-sale securities are determined using the adjusted cost of the specific security sold. Securities to be Held-to-Maturity Securities classified as held-to-maturity are those securities for which there is a positive intent and ability to hold to maturity. These securities are carried at cost adjusted for amortization of premiums and accretion of discounts, computed by the interest method. Trading Account Securities Trading account securities are those securities which are held for the purpose of selling them at a profit. There were no trading account securities on hand at December 31, 2015 and 2014. Other Securities Other securities are carried at cost and are restricted in marketability. Other securities consist of investments in the Federal Home Loan Bank (FHLB), Federal Reserve Bank and First National Bankers’ Bankshares, Inc. Management reviews for impairment based on the ultimate recoverability of the cost basis. Other-than-Temporary Impairment Management evaluates investment securities for other-than-temporary impairment on a quarterly basis. A decline in the fair value of available-for-sale and held-to-maturity securities below cost that is deemed other-than-temporary is charged to earnings for a decline in value deemed to be credit related and a new cost basis for the security is established. The decline in value attributed to non-credit related factors is recognized in other comprehensive income.
Loans held for sale	5. Loans held for sale The Bank originates fixed rate single family, residential first mortgage loans on a presold basis. The Bank issues a rate lock commitment to a customer and concurrently “locks in” with a secondary market investor under a best efforts delivery mechanism. Such loans are sold without the servicing retained by the Bank. The terms of the loan are dictated by the secondary investors and are transferred within several weeks of the Bank initially funding the loan. The Bank recognizes certain origination fees and service release fees upon the sale, which are included in other income on loans in the consolidated statements of income. Between the initial funding of the loans by the Bank and the subsequent purchase by the investor, the Bank carries the loans held for sale at the lower of cost or fair value in the aggregate as determined by the outstanding commitments from investors.
Loans	Loans Loans are carried at the principal amount outstanding, net of the allowance for loan losses. Interest income on loans is recognized based on the principal balance outstanding and the stated rate of the loan. Loan origination fees and certain direct origination costs are deferred and recognized as an adjustment of the related loan yield using the interest method. A loan is considered impaired, in accordance with the impairment accounting guidance of Accounting Standards Codification (ASC) Section 310-10-35, Receivables, Subsequent Measurement Loans are generally placed on a nonaccrual status when principal or interest is past due ninety days or when specifically determined to be impaired. When a loan is placed on nonaccrual status, interest accrued but not received is generally reversed against interest income. If collectibility is in doubt, cash receipts on nonaccrual loans are used to reduce principal rather than recorded in interest income. Past due status is determined based upon contractual terms.
Allowance for Loan Losses	7. Allowance for Loan Losses For financial reporting purposes, the provision for loan losses charged to operations is based upon management's estimation of the amount necessary to maintain the allowance at an adequate level. Allowances for any impaired loans are generally determined based on collateral values. Loans are charged against the allowance for loan losses when management believes the collectibility of the principal is unlikely. Management evaluates the adequacy of the allowance for loan losses on a regular basis. These evaluations are based upon a periodic review of the collectibility considering historical experience, the nature and value of the loan portfolio, underlying collateral values, internal and independent loan reviews, and prevailing economic conditions. In addition, the OCC, as a part of the regulatory examination process, reviews the loan portfolio and the allowance for loan losses and may require changes in the allowance based upon information available at the time of the examination. The allowance consists of two components: allocated and unallocated. The components represent an estimation performed pursuant to either ASC Topic 450, Contingencies Receivables The unallocated portion of the allowance reflects management’s estimate of probable inherent but undetected losses within the portfolio due to uncertainties in economic conditions, changes in collateral values, unfavorable information about a borrower’s financial condition, and other risk factors that have not yet manifested themselves. In addition, the unallocated allowance includes a component that explicitly accounts for the inherent imprecision in the loan loss analysis.
Premises and Equipment	8. Premises and Equipment Premises and equipment are stated at cost, less accumulated depreciation. The depreciation policy is to provide for depreciation over the estimated useful lives of the assets using the straight-line method. Repairs and maintenance expenditures are charged to operating expenses; major expenditures for renewals and betterments are capitalized and depreciated over their estimated useful lives. Upon retirement, sale, or other disposition of property and equipment, the cost and accumulated depreciation are eliminated from the accounts, and any gains or losses are included in operations.
Other Real Estate	9. Other Real Estate Other real estate, carried in other assets in the consolidated balance sheets, consists of properties acquired through foreclosure and, as held for sale property, is recorded at the lower of the outstanding loan balance or current appraisal less estimated costs to sell. Any write-down to fair value required at the time of foreclosure is charged to the allowance for loan losses. Subsequent gains or losses on other real estate are reported in other operating income or expenses. At December 31, 2015 and 2014, other real estate totaled $ 3,082,694 4,654,604
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill totaled $ 13,776,040 12,276,040 Goodwill totaling $ 1,500,000 The Company performed the required annual impairment tests of goodwill as of December 1, 2015. The Company’s annual impairment test did not indicate impairment as of the testing date, and subsequent to that date, management is not aware of any events or changes in circumstances since the impairment test that would indicate that goodwill might be impaired. The Company’s acquisition method recognized intangible assets, which are subject to amortization, and included in other assets in the accompanying consolidated balance sheets, include core deposit intangibles, amortized on a straight-line basis, over a 10 2015 2014 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount (Dollars in thousands) Core deposit intangibles $ 4,000 $ (1,885) $ 2,115 $ 4,000 $ (1,486) $ 2,514 (dollars in thousands) Amount Aggregate amortization expense for the year ended December 31: 2014 $ 387 2015 399 Estimated amortization expense for the year ending December 31: 2016 $ 383 2017 331 2018 331 2019 331 2020 331 Thereafter 408 $ 2,115
Other Assets and Cash Surrender Value	Other Assets and Cash Surrender Value Financing costs related to the issuance of junior subordinated debentures are being amortized over the life of the instruments and are included in other assets. The Company invests in bank owned life insurance (BOLI). BOLI involves the purchasing of life insurance by the Company on a chosen group of employees. The Company is the owner of the policies and, accordingly, the cash surrender value of the policies is reported as an asset, and increases in cash surrender values are reported as income.
Stock Options	Stock Options The Company accounts for stock based compensation in accordance with ASC Topic 718, Compensation - Stock Compensation
Income Taxes	Income Taxes Income taxes are provided for the tax effects of the transactions reported in the financial statements and consist of taxes currently payable plus deferred taxes related primarily to differences between the bases of assets and liabilities as measured by income tax laws and their bases as reported in the financial statements. The deferred tax assets and liabilities represent the future tax consequences of those differences, which will either be taxable or deductible when the assets and liabilities are recovered or settled. The Company and its subsidiary file consolidated income tax returns. The subsidiary provides for income taxes on a separate return basis and remits to the Company amounts determined to be payable. ASC Topic 740, Income Taxes,
Advertising Costs	Advertising Costs Advertising costs are expensed in the period in which they are incurred. Advertising expense for the years ended December 31, 2015 and 2014, was $ 437,085 394,363
Statements of Cash Flows	15. Statements of Cash Flows For purposes of reporting cash flows, cash and cash equivalents include cash, amounts due from banks, interest-bearing deposits with banks and federal funds sold. Generally, federal funds are sold for a one to seven day period.
Off-Balance Sheet Financial Instruments	Off-Balance Sheet Financial Instruments In the ordinary course of business, the subsidiary bank enters into off-balance sheet financial instruments consisting of commitments to extend credit, credit card lines and standby letters of credit. Such financial instruments are recorded in the financial statements when they are exercised.
Earnings Applicable to Common Stockholders	Earnings Applicable to Common Stockholders Per share amounts are presented in accordance with ASC Topic 260, Earnings Per Share. For the Year Ended For the Year Ended December 31, 2015 December 31, 2014 Net Net Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Basic per common Share $ 8,456,242 5,371,111 $ 1.57 $ 6,250,743 5,227,768 $ 1.20 Effect of dilutive shares: Restricted Stock 70,939 42,901 $ 8,456,242 5,442,050 $ 1.55 $ 6,250,743 5,270,669 $ 1.19 The diluted per share amounts were computed by applying the treasury stock method.
Reclassifications	18. Reclassifications Certain reclassifications have been made to the 2014 financial statements to conform with the classifications used in 2015. These reclassifications did not impact the Company's consolidated financial condition or results of operations.
Accounting Pronouncements	19. Accounting Pronouncements In January 2014, the FASB issued ASU No. 2014-01, Investments—Equity Method and Joint Ventures (Topic 323), “Accounting for Investments in Qualified Affordable Housing Projects,” which permits reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). For those investments in qualified affordable housing projects not accounted for using the proportional method, the investment should be accounted for as an equity method investment or a cost method investment. The decision to apply the proportional amortization method of accounting is an accounting policy decision that should be applied consistently to all qualifying affordable housing project investments rather than a decision to be applied to individual investments. This amendment should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. ASU 2014-01 is effective for fiscal years beginning on or after December 15, 2014, and interim periods within those annual periods. The Company adopted this standard, which had no material impact on the consolidated financial statements. In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40), “Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans Upon Foreclosure,” which will eliminate diversity in practice regarding the timing of derecognition for residential mortgage loans when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan. Under ASU 2014-04, physical possession of residential real estate property is achieved when either the creditor obtains legal title to the residential real estate property upon completion of a foreclosure or the borrower conveys all interest in the residential real estate property through completion of a deed in lieu or foreclosure in order to satisfy the loan. Once physical possession has been achieved, the loan is derecognized and the property recorded within other assets at the lower of cost or fair value (less estimated costs to sell). In addition, the guidance requires both interim and annual disclosure of both the amount of foreclosed residential real estate property held by the creditor and the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure. The additional disclosure requirements are effective for annual reporting periods beginning on or after December 15, 2014, and interim periods within those annual periods with retrospective disclosure necessary for all comparative periods presented. The adoption of this standard did not have any impact on the Company’s consolidated financial statements. In August 2014, the FASB issued ASU 2014-14, Troubled Debt Restructurings by Creditors (Subtopic 310-40), “Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure,” which will eliminate diversity in practice relating to how creditors classify government-guaranteed mortgage loans, including Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA) guaranteed loans, upon foreclosure. Under ASU 2014-14 a mortgage must be derecognized and a separate other receivable recognized upon foreclosure when the loan possesses a non-separable government guarantee that the creditor has both the intent and ability to exercise and for which any amount of the claim determined on the basis of the fair value of the real estate is fixed. Other receivables recognized under this guidance are to be measured based on the amount of the principal and interest expected to be recovered from the guarantor. ASU 2014-14 allows for a modified retrospective or prospective adoption in conjunction with ASU 2014-04 and is effective for annual reporting periods beginning on or after December 15, 2014, and interim periods within those annual periods with early adoption permitted. The Company has adopted this accounting standard; however, ASU 2014-14 did not have a material impact on the Company’s consolidated financial statements. In February 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-02 “Consolidation (Topic 810) – Amendments to the Consolidation Analysis.” ASU 2015-02 includes amendments that are intended to improve targeted areas of consolidation for legal entities including reducing the number of consolidation models from four to two and simplifying the FASB Accounting Standards Codification. ASU 2015-02 is effective for annual and interim periods within those annual periods, beginning after December 15, 2015. The amendments may be applied retrospectively in previously issued financial statements for one or more years with a cumulative effect adjustment to retained earnings as of the beginning of the first year restated. Early adoption is permitted, including adoption in an interim period. The Company is assessing the impact of ASU 2015-02 on its accounting and disclosures.

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Schedule of Condensed Balance Sheets	The definite-lived intangible assets had the following carrying values at December 31, 2015 and 2014. 2015 2014 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount (Dollars in thousands) Core deposit intangibles $ 4,000 $ (1,885) $ 2,115 $ 4,000 $ (1,486) $ 2,514
Amortization Expense of Purchase Accounting Intangible Assets	The related amortization expense of business combination related intangible assets is as follows: (dollars in thousands) Amount Aggregate amortization expense for the year ended December 31: 2014 $ 387 2015 399 Estimated amortization expense for the year ending December 31: 2016 $ 383 2017 331 2018 331 2019 331 2020 331 Thereafter 408 $ 2,115
Reconciliation of Numerators and Denominators of Basic and Diluted Computations Applicable to Common Stockholders	The following table discloses the reconciliation of the numerators and denominators of the basic and diluted computations applicable to common stockholders: For the Year Ended For the Year Ended December 31, 2015 December 31, 2014 Net Net Income Shares Per Share Income Shares Per Share (Numerator) (Denominator) Amount (Numerator) (Denominator) Amount Basic per common Share $ 8,456,242 5,371,111 $ 1.57 $ 6,250,743 5,227,768 $ 1.20 Effect of dilutive shares: Restricted Stock 70,939 42,901 $ 8,456,242 5,442,050 $ 1.55 $ 6,250,743 5,270,669 $ 1.19

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	12 Months Ended
	Dec. 31, 2015
Business Combination, Separately Recognized Transactions	The outstanding principal balance and the carrying amount of these loans included in the consolidated balance sheet at December 31, 2015, are as follows (dollars in thousands): Outstanding principal balance $ 26,639 Carrying amount 25,332
The Mortgage Connection
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The amounts of the acquired identifiable assets and liabilities as of the acquisition date were as follows (dollars in thousands): Purchase price: Cash $ 844 Payable 800 Total purchase price 1,644 Identifiable assets: Intangible 100 Personal property 44 Total assets 144 Liabilities and equity: Net assets acquired $ 144 Goodwill resulting from acquisition $ 1,500
Bcb Holding Company
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The amounts of the acquired identifiable assets and liabilities as of the acquisition date were as follows (dollars in thousands): Purchase price: Cash and fair value of common stock $ 6,300 Total purchase price 6,300 Identifiable assets: Cash and due from banks 8,307 Investments 23,423 Loans and leases 38,393 Other Real Estate 571 Core deposit intangible 225 Personal and real property 3,670 Deferred tax asset 2,502 Other assets 305 Total assets 77,396 Liabilities and equity: Deposits 59,321 Borrowed funds 13,104 Other liabilities 326 Total liabilities 72,751 Net assets acquired 4,645 Goodwill resulting from acquisition $ 1,655

SECURITIES (Tables)

SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2015
Securities [Abstract]
Summary of Amortized Cost and Estimated Fair Value of Available-For-Sale Securities and Held-to-Maturity Securities	A summary of the amortized cost and estimated fair value of available-for-sale securities and held-to- maturity securities at December 31, 2015 and 2014, follows: December 31, 2015 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available-for-sale securities: Obligations of U.S. Government agencies $ 19,479,107 $ 144,408 $ 12,565 $ 19,610,950 Tax-exempt and taxable obligations of states and municipal subdivisions 95,631,123 2,361,599 103,391 97,889,331 Mortgage-backed securities 98,222,658 1,127,562 425,100 98,925,120 Corporate obligations 23,494,670 62,408 1,210,996 22,346,082 Other 1,255,483 - 294,540 960,943 $ 238,083,041 $ 3,695,977 $ 2,046,592 $ 239,732,426 Held-to-maturity securities: Mortgage-backed securities $ 1,092,120 $ 15,712 $ - $ 1,107,832 Taxable obligations of states and municipal subdivisions 6,000,000 1,440,000 - 7,440,000 $ 7,092,120 $ 1,455,712 $ - $ 8,547,832 December 31, 2014 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value Available-for-sale securities: Obligations of U.S. Government agencies $ 27,225,335 $ 199,851 $ 53,550 $ 27,371,636 Tax-exempt and taxable obligations of states and municipal subdivisions 101,873,361 2,896,657 187,598 104,582,420 Mortgage-backed securities 91,697,199 1,579,218 240,805 93,035,612 Corporate obligations 29,952,502 140,556 1,307,782 28,785,276 Other 1,255,483 - 283,981 971,502 $ 252,003,880 $ 4,816,282 $ 2,073,716 $ 254,746,446 Held-to-maturity securities: Mortgage-backed securities $ 2,192,741 $ 20,875 $ - $ 2,213,616 Taxable obligations of states and municipal subdivisions 6,000,000 1,780,200 - 7,780,200 $ 8,192,741 $ 1,801,075 $ - $ 9,993,816
Maturities of Securities	The scheduled maturities of securities at December 31, 2015, were as follows: Available-for-Sale Held-to-Maturity Estimated Estimated Amortized Fair Amortized Fair Cost Value Cost Value Due less than one year $ 22,350,096 $ 22,429,139 $ - $ - Due after one year through five years 59,279,860 59,825,406 - - Due after five years through ten years 41,007,663 42,484,543 6,000,000 7,440,000 Due after ten years 17,222,764 16,068,218 - - Mortgage-backed securities 98,222,658 98,925,120 1,092,120 1,107,832 $ 238,083,041 $ 239,732,426 $ 7,092,120 $ 8,547,832
Securities Classified as Available-for-Sale with Unrealized Losses	The details concerning securities classified as available-for-sale with unrealized losses as of December 31, 2015 and 2014, were as follows: 2015 Losses < 12 Months Losses 12 Months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Obligations of U.S. government agencies $ 4,975,580 $ 12,565 $ - $ - $ 4,975,580 $ 12,565 Tax-exempt and taxable obligations of states and municipal subdivisions 12,762,528 50,055 3,049,129 53,336 15,811,657 103,391 Mortgage-backed securities 36,024,587 370,514 2,507,036 54,586 38,531,623 425,100 Corporate obligations 8,531,765 28,627 3,144,333 1,182,369 11,676,098 1,210,996 Other - - 960,943 294,540 960,943 294,540 $ 62,294,460 $ 461,761 $ 9,661,441 $ 1,584,831 $ 71,955,901 $ 2,046,592 2014 Losses < 12 Months Losses 12 Months or > Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Obligations of U.S. government agencies $ 5,510,325 $ 16,481 $ 3,451,215 $ 37,069 $ 8,961,540 $ 53,550 Tax-exempt and taxable obligations of states and municipal subdivisions 9,191,726 28,694 10,667,122 158,904 19,858,848 187,598 Mortgage-backed securities 156,589 5,207 19,319,269 235,598 19,475,858 240,805 Corporate obligations 6,910,425 32,096 6,580,925 1,275,686 13,491,350 1,307,782 Other - - 971,502 283,981 971,502 283,981 $ 21,769,065 $ 82,478 $ 40,990,033 $ 1,991,238 $ 62,759,098 $ 2,073,716

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2015
Loans Receivable, Net [Abstract]
Composition of Loan Portfolio	December 31, 2015 December 31, 2014 Percent Percent of of Amount Total Amount Total (Dollars in thousands) Mortgage loans held for sale $ 3,974 0.5 % $ 2,103 0.3 % Commercial, financial and agricultural 129,197 16.6 106,109 15.0 Real Estate: Mortgage-commercial 253,309 32.6 238,602 33.8 9 Mortgage-residential 272,180 35.1 256,406 36.3 Construction 99,161 12.8 84,935 12.0 Lease financing receivable 2,650 0.3 - - Consumer and other 16,018 2.1 18,480 2.6 Total loans 776,489 100 % 706,635 100 % Allowance for loan losses (6,747) (6,095) Net loans $ 769,742 $ 700,540
Activity in Allowance for Loan Losses	Activity in the allowance for loan losses for December 31, 2015 and 2014 was as follows: (In thousands) 2015 2014 Balance at beginning of period $ 6,095 $ 5,728 Loans charged-off: Real Estate (534) (1,203) Installment and Other (126) (167) Commercial, Financial and Agriculture (183) (89) Total (843) (1,459) Recoveries on loans previously charged-off: Real Estate 905 325 Installment and Other 81 68 Commercial, Financial and Agriculture 99 15 Total 1,085 408 Net (Charge-offs) Recoveries 242 (1,051) Provision for Loan Losses 410 1,418 Balance at end of period $ 6,747 $ 6,095
Allocation of Allowance for Loan Losses	The following tables represent how the allowance for loan losses is allocated to a particular loan type as well as the percentage of the category to total loans at December 31, 2015 and December 31, 2014. Allocation of the Allowance for Loan Losses December 31, 2015 (Dollars in thousands) % of loans in each category Amount to total loans Commercial Non Real Estate $ 895 17.1 % Commercial Real Estate 3,018 58.4 Consumer Real Estate 1,477 21.9 Consumer 141 2.5 Unallocated 1,216 .1 Total $ 6,747 100 % December 31, 2014 (Dollars in thousands) % of loans in each category Amount to total loans Commercial Non Real Estate $ 713 15.3 % Commercial Real Estate 3,355 57.9 Consumer Real Estate 1,852 24.2 Consumer 175 2.6 Unallocated - - Total $ 6,095 100 %
Impaired Loans	The following table represents the Company’s impaired loans at December 31, 2015 and December 31, 2014. This table includes performing troubled debt restructurings. December 31, December 31, 2015 2014 (In thousands) Impaired Loans: Impaired loans without a valuation allowance $ 6,020 $ 4,702 Impaired loans with a valuation allowance 4,107 4,858 Total impaired loans $ 10,127 $ 9,560 Allowance for loan losses on impaired loans at period end 957 968 Total nonaccrual loans 7,368 6,056 Past due 90 days or more and still accruing 29 669 Average investment in impaired loans 9,652 7,077
Summary of Interest Recognized and Cash-Basis Interest Earned on Impaired Loans	The following table is a summary of interest recognized and cash-basis interest earned on impaired loans for the years ended December 31, 2015 and December 31, 2014: 2015 2014 Interest income recognized during impairment - 129 Cash-basis interest income recognized 211 256
Loans and Allowance for Loan Losses Evaluated Individually and Collectively	The impairment evaluation corresponds to the Company's systematic methodology for estimating its Allowance for Loan Losses. December 31, 2015 Installment Commercial, and Real Estate Other Financial and Agriculture Total (In thousands) Loans Individually evaluated $ 9,782 $ 39 $ 306 $ 10,127 Collectively evaluated 610,996 19,591 131,801 762,388 Total $ 620,778 $ 19,630 $ 132,107 $ 772,515 Allowance for Loan Losses Individually evaluated $ 882 $ 25 $ 50 $ 957 Collectively evaluated 3,613 1,332 845 5,790 Total $ 4,495 $ 1,357 $ 895 $ 6,747 December 31, 2014 Installment Commercial, And Real Estate Other Financial and Agriculture Total (In thousands) Loans Individually evaluated $ 9,282 $ 38 $ 240 $ 9,560 Collectively evaluated 568,952 18,610 107,410 694,972 Total $ 578,234 $ 18,648 $ 107,650 $ 704,532 Allowance for Loan Losses Individually evaluated $ 922 $ 29 $ 17 $ 968 Collectively evaluated 4,285 146 696 5,127 Total $ 5,207 $ 175 $ 713 $ 6,095
Troubled Debt Restructurings	The following tables provide additional detail of impaired loans broken out according to class as of December 31, 2015 and 2014. The recorded investment included in the following table represents customer balances net of any partial charge-offs recognized on the loans, net of any deferred fees and costs. As nearly all of our impaired loans at December 31, 2015 are on nonaccrual status, recorded investment excludes any insignificant amount of accrued interest receivable on loans 90-days or more past due and still accruing. The unpaid balance represents the recorded balance prior to any partial charge-offs. December 31, 2015 Average Interest Recorded Income Recorded Unpaid Related Investment Recognized Investment Balance Allowance YTD YTD (In thousands) Impaired loans with no related allowance: Commercial installment $ - $ - $ - $ 2 $ - Commercial real estate 5,790 5,828 - 5,099 50 Consumer real estate 223 223 - 205 - Consumer installment 7 7 - 8 - Total $ 6,020 $ 6,058 $ - $ 5,314 $ 50 Impaired loans with a related allowance: Commercial installment $ 306 $ 306 $ 50 $ 264 $ 14 Commercial real estate 2,927 2,927 444 2,891 132 Consumer real estate 842 842 438 1,152 15 Consumer installment 32 32 25 31 - Total $ 4,107 $ 4,107 $ 957 $ 4,338 $ 161 Total Impaired Loans: Commercial installment $ 306 $ 306 $ 50 $ 266 $ 14 Commercial real estate 8,717 8,755 444 7,990 182 Consumer real estate 1,065 1,065 438 1,357 15 Consumer installment 39 39 25 39 - Total Impaired Loans $ 10,127 $ 10,165 $ 957 $ 9,652 $ 211 December 31, 2014 Average Interest Recorded Income Recorded Unpaid Related Investment Recognized Investment Balance Allowance YTD YTD (In thousands) Impaired loans with no related allowance: Commercial installment $ - $ - $ - $ 50 $ - Commercial real estate 4,665 4,665 - 2,654 142 Consumer real estate 27 27 - 179 - Consumer installment 10 10 - 11 - Total $ 4,702 $ 4,702 $ - $ 2,894 $ 142 Impaired loans with a related allowance: Commercial installment $ 240 $ 240 $ 18 $ 189 $ 20 Commercial real estate 2,558 2,558 315 2,415 59 Consumer real estate 2,032 2,032 607 1,546 33 Consumer installment 28 28 28 33 2 Total $ 4,858 $ 4,858 $ 968 $ 4,183 $ 114 Total Impaired Loans: Commercial installment $ 240 $ 240 $ 18 $ 239 $ 20 Commercial real estate 7,223 7,223 315 5,069 201 Consumer real estate 2,059 2,059 607 1,725 33 Consumer installment 38 38 28 44 2 Total Impaired Loans $ 9,560 $ 9,560 $ 968 $ 7,077 $ 256
Certain loans acquired in transfer not accounted for as debt securities acquired	The following table presents information regarding the contractually required payments receivable, cash flows expected to be collected and the estimated fair value of loans acquired in the BCB acquisition as of July 1, 2014, the closing date of the transaction: July 1, 2014 (In thousands) Commercial, Mortgage- Mortgage- Commercial Total Contractually required payments $ 1,519 $ 29,648 $ 7,933 $ 976 $ 40,076 Cash flows expected to be collected 1,570 37,869 9,697 1,032 50,168 Fair value of loans acquired 1,513 28,875 7,048 957 38,393
Schedule of certain loans acquired in transfer carrying amount and accretable yield for acquired impaired loans	Changes in the carrying amount and accretable yield for acquired impaired loans were as follows for the year ended December 31, 2015 (in thousands): Accretable Carrying Balance at beginning of period $ 1,417 $ 2,063 Accretion (198) 198 Payments received, net - (440) Balance at end of period $ 1,219 $ 1,821
Additional Detail of Troubled Debt Restructurings	The following tables provide additional detail of troubled debt restructurings during the twelve months ended December 31, 2015 and 2014. December 31, 2015 Outstanding Outstanding Interest Investment Investment Number of Income (in thousands except number of loans) Commercial installment $ - $ - - $ - Commercial real estate 499 492 2 10 Consumer real estate 45 40 1 - Consumer installment - - - - Total $ 544 $ 532 3 $ 10 December 31, 2014 Outstanding Outstanding Interest Investment Investment Number of Income (in thousands except number of loans) Commercial installment $ 239 $ 176 1 $ 15 Commercial real estate 1,345 1,342 7 26 Consumer real estate 94 94 1 1 Consumer installment - - - - Total $ 1,678 $ 1,612 9 $ 42
Summary of Loans Classified as Past Due in Excess of Thirty Days or More and Loans Classified as Non-Accrual	The modifications included one of the following or a combination of the following: maturity date extensions, interest only payments, amortizations were extended beyond what would be available on similar type loans, and payment waiver. No interest rate concessions were given on these nor were any of these loans written down. December 31, 2015 Current Past Due Past Due 90 Non-Accrual Total Commercial installment $ 206,237 $ - $ - $ 50,221 $ 256,458 Commercial real estate 1,823,217 - - 2,933,287 4,756,504 Consumer real estate 721,110 - - 1,134,816 1,855,926 Consumer installment 7,894 - - 29,435 37,329 Total $ 2,758,458 $ - $ - $ 4,147,759 $ 6,906,217 Allowance for loan losses $ 106,028 $ - $ - $ 197,338 $ 303,366 December 31, 2014 Current Past Due Past Due 90 Non-Accrual Total Commercial installment $ 233,340 $ - $ - $ - $ 233,340 Commercial real estate 1,684,755 - - 2,729,170 4,413,925 Consumer real estate 952,162 622,302 - 448,796 2,023,260 Consumer installment 9,983 - - 103,109 113,092 Total $ 2,880,240 $ 622,302 $ - $ 3,281,075 $ 6,783,617 Allowance for loan losses $ 120,220 $ 11,206 $ 102,657 $ - $ 234,083 The following tables summarize by class our loans classified as past due in excess of 30 days or more in addition to those loans classified as non-accrual: December 31, 2015 (In thousands) Past Due Past Due Non-Accrual Total Total Real Estate-construction $ 311 $ - $ 2,956 $ 3,267 $ 99,161 Real Estate-mortgage 3,339 29 2,055 5,423 272,180 Real Estate-nonfarm nonresidential 736 - 2,225 2,961 253,309 Commercial 97 - 100 197 129,197 Lease financing receivable - - - - 2,650 Consumer 70 - 32 102 16,018 Total $ 4,553 $ 29 $ 7,368 $ 11,950 $ 772,515 December 31, 2014 (In thousands) Past Due Past Due 90 Non-Accrual Total Total Real Estate-construction $ 428 $ - $ 2,747 $ 3,175 $ 84,935 Real Estate-mortgage 3,208 208 2,164 5,580 256,406 Real Estate- nonfarm nonresidential 3,408 461 1,102 4,971 238,602 Commercial 29 - 5 34 106,109 Consumer 90 - 38 128 18,480 Total $ 7,163 $ 669 $ 6,056 $ 13,888 $ 704,532
Risk Category of Loans by Class of Loans	As of December 31, 2015 and December 31, 2014, and based on the most recent analysis performed, the risk category of loans by class of loans (excluding mortgage loans held for sale) was as follows: (In thousands) December 31, 2015 Commercial, Real Estate Real Estate Installment and Financial and Commercial Mortgage Other Agriculture Total Pass $ 434,638 $ 167,394 $ 19,556 $ 132,101 $ 753,689 Special Mention 681 153 - 168 1,002 Substandard 16,655 1,453 75 178 18,361 Doubtful - 327 - - 327 Subtotal 451,974 169,327 19,631 132,447 773,379 Less: Unearned Discount 448 76 - 340 864 Loans, net of unearned discount $ 451,526 $ 169,251 $ 19,631 $ 132,107 $ 772,515 December 31, 2014 Commercial, Real Estate Real Estate Installment and Financial and Commercial Mortgage Other Agriculture Total Pass $ 388,569 $ 167,827 $ 18,558 $ 107,126 $ 682,080 Special Mention 4,756 191 - 498 5,445 Substandard 14,727 2,567 90 63 17,447 Doubtful - - - - - Subtotal 408,052 170,585 18,648 107,687 704,972 Less: Unearned Discount 320 82 - 38 440 Loans, net of unearned discount $ 407,732 $ 170,503 $ 18,648 $ 107,649 $ 704,532

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Premises and equipment are stated at cost, less accumulated depreciation and amortization as follows: 2015 2014 Premises: Land $ 10,352,314 $ 10,565,633 Buildings and improvements 26,164,412 25,872,002 Equipment 10,927,780 11,663,195 Construction in progress 76,920 188,146 47,521,426 48,288,976 Less accumulated depreciation and amortization 13,898,415 13,479,133 $ 33,623,011 $ 34,809,843

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
Schedule Of Maturities Of Time Deposits	At December 31, 2015, the scheduled maturities of time deposits included in interest-bearing deposits were as follows (in thousands): Year Amount 2016 $ 120,771 2017 25,924 2018 12,154 2019 8,408 2020 12,216 Thereafter - $ 179,473

BORROWED FUNDS (Tables)

BORROWED FUNDS (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Schedule of Debt	Borrowed funds consisted of the following: December 31, 2015 2014 Reverse Repurchase Agreement $ 5,000,000 $ 5,000,000 Fed Funds purchased 5,340,000 - FHLB advances 99,981,245 84,450,067 $ 110,321,245 $ 89,450,067
Future Annual Principal Repayments Of Federal Home Loan Bank Advances	Future annual principal repayment requirements on the borrowings from the FHLB at December 31, 2015, were as follows: Year Amount 2016 $ 91,981,245 2017 5,000,000 2018 - 2019 3,000,000 Total $ 99,981,245

LEASE OBLIGATIONS (Tables)

LEASE OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Leases [Abstract]
Schedule Of Future Minimum Lease Payments For Operating Leases and Capital Leases	Minimum future lease payments for the operating and capital leases at December 31, 2015, were as follows: Operating Leases Capital Leases (In thousands) 2016 503 252 2017 214 275 2018 141 275 2019 141 275 2020 130 191 Thereafter 556 175 Total Minimum Lease Payments $ 1,685 $ 1,443 Less: Amount representing interest (116) Present value of minimum lease payments $ 1,327

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2015
Banking and Thrift [Abstract]
Schedule Of Capital Required To Be Well Capitalized Under Banking Regulations	The actual capital amounts and ratios at December 31, 2015 and 2014, are presented in the following table. No amount was deducted from capital for interest-rate risk exposure. Company Subsidiary (Consolidated) The First Amount Ratio Amount Ratio December 31, 2015 Total risk-based $ 103,403 11.9 % $ 102,911 11.8 % Common equity Tier 1 70,587 8.1 % 96,164 11.0 % Tier I risk-based 96,656 11.1 % 96,164 11.0 % Tier I leverage 96,656 8.7 % 96,164 8.6 % December 31, 2014 Total risk-based $ 95,419 12.3 % $ 94,888 12.2 % Tier I risk-based 89,324 11.5 % 88,793 11.4 % Tier I leverage 89,324 8.4 % 88,793 8.4 %
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	The minimum amounts of capital and ratios as established by banking regulators at December 31, 2015 and 2014, were as follows: Company Subsidiary (Consolidated) The First Amount Ratio Amount Ratio December 31, 2015 Total risk-based $ 69,753 8.0 % $ 69,698 8.0 % Common equity Tier 1 39,236 4.5 % 39,205 4.5 % Tier I risk-based 52,315 6.0 % 52,274 6.0 % Tier I leverage 44,661 4.0 % 44,625 4.0 % December 31, 2014 Total risk-based $ 62,272 8.0 % $ 62,208 8.0 % Tier I risk-based 31,136 4.0 % 31,104 4.0 % Tier I leverage 42,363 4.0 % 42,325 4.0 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The components of income tax expense are as follows: Years Ended December 31, 2015 2014 Current: Federal $ 2,484,372 $ 1,757,098 State 473,037 347,382 Deferred 255,638 331,399 $ 3,213,047 $ 2,435,879
Schedule of Effective Income Tax Rate Reconciliation	The Company's income tax expense differs from the amounts computed by applying the federal income tax statutory rates to income before income taxes. A reconciliation of the differences is as follows: Years Ended December 31, 2015 2014 Amount % Amount % Income taxes at statutory rate $ 4,083,995 34 % $ 3,076,856 34 % Tax-exempt income (831,141) (7) % (863,204) (10) % Nondeductible expenses 161,176 1 % 238,638 3 % State income tax, net of federal tax effect 307,951 3 % 215,803 2 % Tax credits (295,800) (2) % (337,716) (4) % Other, net (213,134) (2) % 105,502 2 % $ 3,213,047 27 % $ 2,435,879 27 %
Schedule of Deferred Tax Assets and Liabilities	The components of deferred income taxes included in the consolidated financial statements were as follows: December 31, 2015 2014 Deferred tax assets: Allowance for loan losses $ 2,516,669 $ 2,273,435 Net operating loss carryover 2,426,903 2,615,552 Other real estate 275,530 357,873 Other 1,194,345 1,200,419 6,413,447 6,447,279 Deferred tax liabilities: Securities accretion (112,050) (124,942) Premises and equipment (554,103) (443,080) Unrealized gain on available-for-sale securities (560,791) (932,473) Core deposit intangible (149,109) (238,562) Goodwill (929,316) (716,188) (2,305,369) (2,455,245) Net deferred tax asset, included in other assets $ 4,108,078 $ 3,992,034

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The activity in loans to current directors, executive officers, and their affiliates during the year ended December 31, 2015, is summarized as follows (in thousands): Loans outstanding at beginning of year $ 8,442 New loans 362 Repayments (847) Loans outstanding at end of year $ 7,957

FAIR VALUES OF ASSETS AND LIA42

FAIR VALUES OF ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Assets Measured on Recurring Basis	The following table presents the Company’s available-for-sale securities that are measured at fair value on a recurring basis and the level within the hierarchy in which the fair value measurements fell as of December 31, 2015 and December 31, 2014 (in thousands): Fair Value Measurements Using Quoted Prices in Significant Active Markets Other Significant For Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) December 31, 2015 Obligations of U.S. Government agencies $ 19,611 $ - $ 19,611 $ - Municipal securities 97,889 - 97,889 - Mortgage-backed securities 98,925 - 98,925 - Corporate obligations 22,346 - 19,789 2,557 Other 961 961 - - Total $ 239,732 $ 961 $ 236,214 $ 2,557 Fair Value Measurements Using Quoted Prices in Significant Active Markets Other Significant For Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) December 31, 2014 Obligations of U.S. Government agencies $ 27,372 $ - $ 27,372 $ - Municipal securities 104,582 - 104,582 - Mortgage-backed securities 93,036 - 93,036 - Corporate obligations 28,784 - 25,983 2,801 Other 972 972 - - Total $ 254,746 $ 972 $ 250,973 $ 2,801
Reconciliation of Activity for Assets Measured at Fair Value based on Significant Unobservable (Non-market) Information	The following is a reconciliation of activity for assets measured at fair value based on significant unobservable (non-market) information. Bank-Issued Trust Trust Preferred (In thousands) Securities 2015 2014 Balance of recurring Level 3 assets at January 1 $ 2,801 $ 2,798 Transfers into Level 3 - - Transfers out of Level 3 - - Unrealized income (loss) included in comprehensive income (244) 3 Balance of recurring Level 3 assets at December 31 $ 2,557 $ 2,801
Quantitative Information About Recurring Level 3 Fair Value Measurements	The following table presents quantitative information about recurring Level 3 fair value measurements (in thousands): Trust Preferred Significant Securities Fair Value Valuation Technique Unobservable Inputs Range of Inputs December 31, 2015 $ 2,557 Discounted cash flow Discount rate 1.08% - 2.77% December 31, 2014 $ 2,801 Discounted cash flow Discount rate .79% - 2.49%
Fair Value Assets Measured on Nonrecurring Basis	The following table presents the fair value measurement of assets and liabilities measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fell at December 31, 2015 and December 31, 2014 (in thousands). Fair Value Measurements Using Quoted Prices in Significant Active Markets Other Significant For Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) December 31, 2015 Impaired loans $ 10,127 $ - $ 10,127 $ - Other real estate owned 3,083 - 3,083 - December 31, 2014 Impaired loans $ 9,560 $ - $ 9,560 $ - Other real estate owned 4,655 - 4,655 -
Financial Instruments with No Distinguishable Fair Value	As of December 31, 2015 Fair Value Measurements Significant Other Significant Quoted Observable Unobservable Carrying Estimated Prices Inputs Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) Financial Instruments: Assets: Cash and cash equivalents $ 41,259 $ 41,259 $ 41,259 $ - $ - Securities available-for-sale 239,732 239,732 961 236,214 2,557 Securities held-to-maturity 7,092 8,548 - 8,548 - Other securities 8,135 8,135 - 8,135 - Loans, net 769,742 784,113 - - 784,113 Bank-owned life insurance 14,872 14,872 - 14,872 - Liabilities: Noninterest-bearing deposits $ 189,445 $ 189,445 $ - $ 189,445 $ - Interest-bearing deposits 727,250 726,441 - 726,441 - Subordinated debentures 10,310 10,310 - - 10,310 FHLB and other borrowings 110,321 110,321 - 110,321 - As of December 31, 2014 Fair Value Measurements Significant Other Significant Quoted Observable Unobservable Carrying Estimated Prices Inputs Inputs Amount Fair Value (Level 1) (Level 2) (Level 3) Financial Instruments: Assets: Cash and cash equivalents $ 44,618 $ 44,618 $ 44,618 $ - $ - Securities available-for-sale 254,746 254,746 972 250,973 2,801 Securities held-to-maturity 8,193 9,994 - 9,994 - Other securities 7,234 7,234 - 7,234 - Loans, net 700,540 715,849 - - 715,849 Bank-owned life insurance 14,463 14,463 - 14,463 - Liabilities: Noninterest-bearing deposits $ 201,362 $ 201,362 $ - $ 201,362 $ - Interest-bearing deposits 691,413 691,036 - 691,036 - Subordinated debentures 10,310 10,310 - - 10,310 FHLB and other borrowings 89,450 89,450 - 89,450 -

PARENT COMPANY FINANCIAL INFO43

PARENT COMPANY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule of Condensed Balance Sheets	Condensed Balance Sheets December 31, 2015 2014 Assets: Cash and cash equivalents $ 213,621 $ 63,707 Investment in subsidiary bank 112,943,885 105,685,727 Investments in statutory trusts 310,000 310,000 Other 686,409 808,132 $ 114,153,915 $ 106,867,566 Liabilities and Stockholders’ Equity: Subordinated debentures $ 10,310,000 $ 10,310,000 Other 407,825 341,982 Stockholders’ equity 103,436,090 96,215,584 $ 114,153,915 $ 106,867,566
Schedule of Condensed Income Statement	Condensed Statements of Income Years Ended December 31, 2015 2014 Income: Interest and dividends $ 5,573 $ 5,453 Dividend income 1,650,000 5,109,668 Other - 364,719 1,655,573 5,479,840 Expenses: Interest on borrowed funds 185,351 181,330 Legal 295,637 504,130 Other 833,502 752,027 1,314,490 1,437,487 Income before income taxes and equity in undistributed income of subsidiary 341,083 4,042,353 Income tax benefit 487,853 296,388 Income before equity in undistributed income of subsidiary 828,936 4,338,741 Equity in undistributed income of subsidiary 7,969,766 2,274,955 Net income $ 8,798,702 $ 6,613,696
Schedule of Condensed Cash Flow Statement	Condensed Statements of Cash Flows Years Ended December 31, 2015 2014 Cash flows from operating activities: Net income $ 8,798,702 $ 6,613,696 Adjustments to reconcile net income to net cash used in operating activities: Equity in undistributed income of subsidiary (7,969,766) (2,274,955) Restricted stock expense 721,124 617,779 Gain on sale of assets - (364,719) Other, net 151,251 689,740 Net cash provided by operating activities 1,701,311 5,281,541 Cash flows from investing activities: Investment in subsidiary bank - - Outlays for acquisition (35,709) (4,034,668) Net cash used in investing activities (35,709) (4,034,668) Cash flows from financing activities: Dividends paid on common stock (778,428) (763,488) Dividends paid on preferred stock (342,460) (342,460) Repurchase of restricted stock for payment of taxes (92,390) (85,532) Repurchase of warrants (302,410) - Net cash used in financing activities (1,515,688) (1,191,480) Net increase in cash and cash equivalents 149,914 55,393 Cash and cash equivalents at beginning of year 63,707 8,314 Cash and cash equivalents at end of year $ 213,621 $ 63,707

SUMMARY OF QUARTERLY RESULTS 44

SUMMARY OF QUARTERLY RESULTS OF OPERATIONS AND PER SHARE AMOUNTS (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information	Three Months Ended March 31 June 30 Sept. 30 Dec. 31 (In thousands, except per share amounts) 2015 Total interest income $ 9,683 $ 10,022 $ 10,080 $ 10,417 Total interest expense 804 806 793 804 Net interest income 8,879 9,216 9,287 9,613 Provision for loan losses 150 - 250 10 Net interest income after provision for loan losses 8,729 9,216 9,037 9,603 Total non-interest income 1,850 1,854 1,982 1,903 Total non-interest expense 7,818 8,092 7,977 8,275 Income tax expense 732 793 815 873 Net income 2,029 2,185 2,227 2,358 Preferred dividends 85 86 86 85 Net income applicable to common stockholders $ 1,944 $ 2,099 $ 2,141 $ 2,273 Per common share: Net income, basic $ .36 $ .39 $ .40 $ .42 Net income, diluted .36 .39 .39 .42 Cash dividends declared .0375 .0375 .0375 .0375 2014 Total interest income $ 8,447 $ 8,574 $ 9,688 $ 9,662 Total interest expense 623 726 833 791 Net interest income 7,824 7,848 8,855 8,871 Provision for loan losses 358 277 631 152 Net interest income after provision for loan losses 7,466 7,571 8,224 8,719 Total non-interest income 1,672 2,055 2,021 2,055 Total non-interest expense 7,227 7,384 8,071 8,051 Income tax expense 484 629 641 682 Net income 1,427 1,613 1,533 2,041 Preferred dividends and stock accretion 106 86 85 86 Net income applicable to common Stockholders $ 1,321 $ 1,527 $ 1,448 $ 1,955 Per common share: Net income, basic $ .26 $ .30 $ .27 $ .37 Net income, diluted .25 .29 .27 .36 Cash dividends declared .0375 .0375 .0375 .0375

SUMMARY OF SIGNIFICANT ACCOUN45

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Summary Of Significant Accounting Policies [Line Items]
Federal reserve bank required reserve	$ 11,621,000
Other real estate owned	$ 3,082,694	$ 4,654,604
Useful life of intangible assets	10 years
Advertising expense	$ 437,085	394,363
Goodwill	13,776,040	$ 12,276,040
Goodwill, acquired during period	$ 1,500,000

Definite-Lived Intangible Asset

Definite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Net Carrying Amount, Core deposits	$ 2,115
Core Deposits [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount, Core deposits	4,000	$ 4,000
Accumulated Amortization, Core deposits	(1,885)	(1,486)
Net Carrying Amount, Core deposits	$ 2,115	$ 2,514

Related Amortization Expense of

Related Amortization Expense of Purchase Accounting Intangible Assets (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Aggregate amortization expense for the year ended December 31:
2,014	$ 387
2,015	399
Estimated amortization expense for the year ending December 31:
2,016	383
2,017	331
2,018	331
2,019	331
2,020	331
Thereafter	408
Net Carrying Amount, Core deposits	$ 2,115

Reconciliation of Numerators an

Reconciliation of Numerators and Denominators of Basic and Diluted Computations (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share Basic [Line Items]
Net income available to common stock holders, basic	$ 2,273,000	$ 2,141,000	$ 2,099,000	$ 1,944,000	$ 1,955,000	$ 1,448,000	$ 1,527,000	$ 1,321,000	$ 8,456,242	$ 6,250,743
Net income available to common stock holders, diluted									$ 8,456,242	$ 6,250,743
Effect of dilutive shares:
Weighted average number of shares outstanding, basic									5,371,111	5,227,768
Restricted Stock									70,939	42,901
Weighted average number of shares outstanding, diluted									5,442,050	5,270,669
Basic per share	$ 0.42	$ 0.40	$ 0.39	$ 0.36	$ 0.37	$ 0.27	$ 0.30	$ 0.26	$ 1.64	$ 1.27
Diluted per share	$ 0.42	$ 0.39	$ 0.39	$ 0.36	$ 0.36	$ 0.27	$ 0.29	$ 0.25	$ 1.62	$ 1.25

BUSINESS COMBINATION - Addition

BUSINESS COMBINATION - Additional Information (Detail) - USD ($)	Mar. 03, 2014	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014	Dec. 31, 2015	Aug. 01, 2013
Business Acquisition [Line Items]
Goodwill, Acquired During Period					$ 1,500,000
Other liabilities		$ 4,122,540		$ 4,700,738	4,122,540
Contingent Value Right [Member]
Business Acquisition [Line Items]
Cash payment price per share	$ 0.40
Outstanding Prior To August 1, 2013 | Contingent Value Right [Member]
Business Acquisition [Line Items]
Shares issued, price per share	$ 3.60
BCB Holding Company, Inc
Business Acquisition [Line Items]
Shares issued, price per share						$ 2.25
Business Acquisition Purchase Price Allocation Loans Receivable		40,100,000			40,100,000
Business Combination Fair Value Adjustments Loans					1,700,000
Goodwill, Acquired During Period					1,700,000
Finite-lived Intangible Assets Acquired					2,000,000
Business combination, acquisition related costs				$ 29,000	$ 508,000
BCB Holding Company, Inc | Contingent Value Right [Member]
Business Acquisition [Line Items]
Other accrued liabilities	$ 174,000
Other payments to acquire businesses			$ 8,000
Other liabilities			$ 166,000
BCB Holding Company, Inc | Minimum
Business Acquisition [Line Items]
Payments to acquire businesses, gross	6,200,000
BCB Holding Company, Inc | Maximum
Business Acquisition [Line Items]
Payments to acquire businesses, gross	$ 6,600,000
BCB Holding Company, Inc | Core Deposits
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life					10 years
The Mortgage Connection
Business Acquisition [Line Items]
Goodwill, Acquired During Period					$ 1,500,000
Business combination, acquisition related costs		$ 13,000			$ 13,000

Summary of Acquired Identifiabl

Summary of Acquired Identifiable Assets and Liabilities (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Bcb Holding Company [Member]
Purchase price:
Cash	$ 6,300
Total purchase price	6,300
Identifiable assets:
Cash and due from banks	8,307
Investments	23,423
Loans and leases	38,393
Other Real Estate	571
Core deposit intangible	225
Personal and real property	3,670
Deferred tax asset	2,502
Other assets	305
Total assets	77,396
Liabilities and equity:
Deposits	59,321
Borrowed funds	13,104
Other liabilities	326
Total liabilities	72,751
Net assets acquired	4,645
Goodwill resulting from acquisition	1,655
The Mortgage Connection [Member]
Purchase price:
Cash	844
Payable	800
Total purchase price	1,644
Identifiable assets:
Core deposit intangible	100
Personal and real property	44
Total assets	144
Liabilities and equity:
Net assets acquired	144
Goodwill resulting from acquisition	$ 1,500

Outstanding Principal Balance A

Outstanding Principal Balance And The Carrying Amount Of These Loans (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Outstanding principal balance	$ 773,379	$ 704,972
Business Acquisition
Outstanding principal balance	26,639
Carrying amount	$ 25,332

SECURITIES - Additional Informa

SECURITIES - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Trading Securities and Other Trading Assets [Line Items]
Loss (Gain) on sale/call of securities	$ 0	$ 237,174
Impairment loss on securities	0	0
Marketable securities	$ 215,726,751	$ 191,534,036
Number of securities percent	18.00%

Summary of Amortized Cost and E

Summary of Amortized Cost and Estimated Fair Value of Available-For-Sale Securities and Held-To-Maturity Securities (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-Sale, Amortized Cost	$ 238,083,041	$ 252,003,880
Available-for-sale Securities, Gross Unrealized Gains	3,695,977	4,816,282
Available-for-sale Securities, Gross Unrealized Losses	2,046,592	2,073,716
Available-for-sale securities, Estimated Fair Value	239,732,426	254,746,446
Held-to-Maturity, Amortized Cost	7,092,120	8,192,741
Held-to-maturity Securities, Gross Unrealized Gains	1,455,712	1,801,075
Held-to-maturity Securities, Gross Unrealized Losses	0	0
Held-to-Maturity, Estimated Fair Value	8,547,832	9,993,816
Obligations of U.S. Government Agencies
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-Sale, Amortized Cost	19,479,107	27,225,335
Available-for-sale Securities, Gross Unrealized Gains	144,408	199,851
Available-for-sale Securities, Gross Unrealized Losses	12,565	53,550
Available-for-sale securities, Estimated Fair Value	19,610,950	27,371,636
Tax-exempt and taxable obligations of states and municipal subdivisions
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-Sale, Amortized Cost	95,631,123	101,873,361
Available-for-sale Securities, Gross Unrealized Gains	2,361,599	2,896,657
Available-for-sale Securities, Gross Unrealized Losses	103,391	187,598
Available-for-sale securities, Estimated Fair Value	97,889,331	104,582,420
Held-to-Maturity, Amortized Cost	6,000,000	6,000,000
Held-to-maturity Securities, Gross Unrealized Gains	1,440,000	1,780,200
Held-to-maturity Securities, Gross Unrealized Losses	0	0
Held-to-Maturity, Estimated Fair Value	7,440,000	7,780,200
Mortgage-backed securities
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-Sale, Amortized Cost	98,222,658	91,697,199
Available-for-sale Securities, Gross Unrealized Gains	1,127,562	1,579,218
Available-for-sale Securities, Gross Unrealized Losses	425,100	240,805
Available-for-sale securities, Estimated Fair Value	98,925,120	93,035,612
Held-to-Maturity, Amortized Cost	1,092,120	2,192,741
Held-to-maturity Securities, Gross Unrealized Gains	15,712	20,875
Held-to-maturity Securities, Gross Unrealized Losses	0	0
Held-to-Maturity, Estimated Fair Value	1,107,832	2,213,616
Corporate obligations
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-Sale, Amortized Cost	23,494,670	29,952,502
Available-for-sale Securities, Gross Unrealized Gains	62,408	140,556
Available-for-sale Securities, Gross Unrealized Losses	1,210,996	1,307,782
Available-for-sale securities, Estimated Fair Value	22,346,082	28,785,276
Other
Schedule of Trading Securities and Other Trading Assets [Line Items]
Available-for-Sale, Amortized Cost	1,255,483	1,255,483
Available-for-sale Securities, Gross Unrealized Gains	0	0
Available-for-sale Securities, Gross Unrealized Losses	294,540	283,981
Available-for-sale securities, Estimated Fair Value	$ 960,943	$ 971,502

Maturities of Securities (Detai

Maturities of Securities (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Available-for-Sale, Amortized Cost
Due less than one year	$ 22,350,096
Due after one year through five years	59,279,860
Due after five years through ten years	41,007,663
Due after ten years	17,222,764
Mortgage-backed securities	98,222,658
Total	238,083,041	$ 252,003,880
Available-for-sale, Estimated Fair Value
Due less than one year	22,429,139
Due after one year through five years	59,825,406
Due after five years through ten years	42,484,543
Due after ten years	16,068,218
Mortgage-backed securities	98,925,120
Total	239,732,426	254,746,446
Held-to-maturity, Amortized Cost
Due less than one year	0
Due after one year through five years	0
Due after five years through ten years	6,000,000
Due after ten years	0
Mortgage-backed securities	1,092,120
Total	7,092,120	8,192,741
Held-to-maturity, Estimated Fair Value
Due less than one year	0
Due after one year through five years	0
Due after five years through ten years	7,440,000
Due after ten years	0
Mortgage-backed securities	1,107,832
Total	$ 8,547,832	$ 9,993,816

Securities Classified as Availa

Securities Classified as Available-for-Sale with Unrealized Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Schedule Of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	$ 62,294,460	$ 21,769,065
Fair Value, Losses 12 Months or More	9,661,441	40,990,033
Fair Value, Total	71,955,901	62,759,098
Gross Unrealized Losses, Losses less than 12 Months	461,761	82,478
Gross Unrealized Losses, Losses 12 Months or More	1,584,831	1,991,238
Gross Unrealized Losses, Total	2,046,592	2,073,716
Obligations of U.S. government agencies
Schedule Of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	4,975,580	5,510,325
Fair Value, Losses 12 Months or More	0	3,451,215
Fair Value, Total	4,975,580	8,961,540
Gross Unrealized Losses, Losses less than 12 Months	12,565	16,481
Gross Unrealized Losses, Losses 12 Months or More	0	37,069
Gross Unrealized Losses, Total	12,565	53,550
Tax-exempt and taxable obligations of states and municipal subdivisions
Schedule Of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	12,762,528	9,191,726
Fair Value, Losses 12 Months or More	3,049,129	10,667,122
Fair Value, Total	15,811,657	19,858,848
Gross Unrealized Losses, Losses less than 12 Months	50,055	28,694
Gross Unrealized Losses, Losses 12 Months or More	53,336	158,904
Gross Unrealized Losses, Total	103,391	187,598
Mortgage-backed securities
Schedule Of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	36,024,587	156,589
Fair Value, Losses 12 Months or More	2,507,036	19,319,269
Fair Value, Total	38,531,623	19,475,858
Gross Unrealized Losses, Losses less than 12 Months	370,514	5,207
Gross Unrealized Losses, Losses 12 Months or More	54,586	235,598
Gross Unrealized Losses, Total	425,100	240,805
Corporate obligations
Schedule Of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	8,531,765	6,910,425
Fair Value, Losses 12 Months or More	3,144,333	6,580,925
Fair Value, Total	11,676,098	13,491,350
Gross Unrealized Losses, Losses less than 12 Months	28,627	32,096
Gross Unrealized Losses, Losses 12 Months or More	1,182,369	1,275,686
Gross Unrealized Losses, Total	1,210,996	1,307,782
Other
Schedule Of Trading Securities and Other Trading Assets [Line Items]
Fair value, Losses less than 12 Months	0	0
Fair Value, Losses 12 Months or More	960,943	971,502
Fair Value, Total	960,943	971,502
Gross Unrealized Losses, Losses less than 12 Months	0	0
Gross Unrealized Losses, Losses 12 Months or More	294,540	283,981
Gross Unrealized Losses, Total	$ 294,540	$ 283,981

LOANS - Additional Information

LOANS - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Percentage of loan portfolio to earning assets	74.00%	71.30%
Loan to value ratio	80.00%
Troubled debt restructurings, balance	$ 6,900,000	$ 6,800,000
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance	3,039,840
Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Non- Accrual	$ 116,000	$ 92,000

Composition of Loan Portfolio (

Composition of Loan Portfolio (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 772,515,000	$ 704,532,000
Total loans	776,489,000	706,635,000
Allowance for loan losses	(6,747,000)	(6,095,000)	$ (5,728,000)
Net loans	$ 765,768,073	$ 698,436,345
Percent of loan to total loan portfolio	100.00%	100.00%
Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 2,650,000	$ 0
Percent of loan to total loan portfolio	0.30%	0.00%
Mortgage loans held for sale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 3,974,000	$ 2,103,000
Percent of loan to total loan portfolio	0.50%	0.30%
Commercial, financial and agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 129,197,000	$ 106,109,000
Percent of loan to total loan portfolio	16.60%	15.00%
Mortgage-commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 253,309,000	$ 238,602,000
Percent of loan to total loan portfolio	32.60%	33.89%
Mortgage-residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 272,180,000	$ 256,406,000
Percent of loan to total loan portfolio	35.10%	36.30%
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 99,161,000	$ 84,935,000
Percent of loan to total loan portfolio	12.80%	12.00%
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 16,018,000	$ 18,480,000
Percent of loan to total loan portfolio	2.10%	2.60%

Activity in Allowance for Loan

Activity in Allowance for Loan Losses (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Balance at beginning of period				$ 6,095,000				$ 5,728,000	$ 6,095,000	$ 5,728,000
Loans charged-off									(843,000)	(1,459,000)
Recoveries on loans previously charged-off:									1,085,000	408,000
Net (Charge-offs) Recoveries									242,000	(1,051,000)
Provision for Loan Losses	$ 10,000	$ 250,000	$ 0	$ 150,000	$ 152,000	$ 631,000	$ 277,000	$ 358,000	410,069	1,418,260
Balance at end of period	$ 6,747,000				$ 6,095,000				6,747,000	6,095,000
Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans charged-off									(534,000)	(1,203,000)
Recoveries on loans previously charged-off:									905,000	325,000
Installment and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans charged-off									(126,000)	(167,000)
Recoveries on loans previously charged-off:									81,000	68,000
Commercial Financial And Agricultural
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans charged-off									(183,000)	(89,000)
Recoveries on loans previously charged-off:									$ 99,000	$ 15,000

Allocation of Allowance for Loa

Allocation of Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	$ 6,747	$ 6,095	$ 5,728
Allowance for loan losses, percentage of total	100.00%	100.00%
Commercial Non Real Estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	$ 895	$ 713
Allowance for loan losses, percentage of total	17.10%	15.30%
Commercial Real Estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	$ 3,018	$ 3,355
Allowance for loan losses, percentage of total	58.40%	57.90%
Consumer Real Estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	$ 1,477	$ 1,852
Allowance for loan losses, percentage of total	21.90%	24.20%
Consumer
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	$ 141	$ 175
Allowance for loan losses, percentage of total	2.50%	2.60%
Unallocated
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses	$ 1,216	$ 0
Allowance for loan losses, percentage of total	0.10%	0.00%

Impaired Loans (Detail)

Impaired Loans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Impaired Loans:
Impaired loans without a valuation allowance	$ 6,020	$ 4,702
Impaired loans with a valuation allowance	4,107	4,858
Total impaired loans	10,127	9,560
Allowance for loan losses on impaired loans at period End	957	968
Total nonaccrual loans	7,368	6,056
Past due 90 days or more and still accruing	29	669
Average investment in impaired loans	$ 9,652	$ 7,077

Summary of Interest Recognized

Summary of Interest Recognized and Cash-Basis Interest Earned on Impaired Loans (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Interest income recognized during impairment	$ 0	$ 129
Cash-basis interest income recognized	$ 211	$ 256

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses, Broken Down by Portfolio Segment (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Loans
Individually evaluated	$ 10,127	$ 9,560
Collectively evaluated	762,388	694,972
Total	772,515	704,532
Allowance for Loan Losses
Individually evaluated	957	968
Collectively evaluated	5,790	5,127
Total	6,747	6,095	$ 5,728
Real Estate
Loans
Individually evaluated	9,782	9,282
Collectively evaluated	610,996	568,952
Total	620,778	578,234
Allowance for Loan Losses
Individually evaluated	882	922
Collectively evaluated	3,613	4,285
Total	4,495	5,207
Installment and Other
Loans
Individually evaluated	39	38
Collectively evaluated	19,591	18,610
Total	19,630	18,648
Allowance for Loan Losses
Individually evaluated	25	29
Collectively evaluated	1,332	146
Total	1,357	175
Commercial Financial And Agriculture
Loans
Individually evaluated	306	240
Collectively evaluated	131,801	107,410
Total	132,107	107,650
Allowance for Loan Losses
Individually evaluated	50	17
Collectively evaluated	845	696
Total	$ 895	$ 713

Additional Detail of Impaired L

Additional Detail of Impaired Loans Broken Out According to Class (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Impaired loans with no a valuation allowance, recorded investment	$ 6,020	$ 4,702
Impaired loans with no related allowance, unpaid balance	6,058	4,702
Impaired loans with no related allowance	0	0
Impaired loans with no related allowance, average recorded investment YTD	5,314	2,894
Impaired loans with no related allowance, interest income recognized YTD	50	142
Impaired loans with a related allowance, recorded investment	4,107	4,858
Impaired loans with a related allowance, unpaid balance	4,107	4,858
Impaired loans with a related allowance	957	968
Impaired loans with a related allowance, average recored investment YTD	4,338	4,183
Impaired loans with a related allowance, interest income recognized YTD	161	114
Recorded Investment	10,127	9,560
Unpaid Balance	10,165	9,560
Related Allowance	957	968
Average Recorded Investment YTD	9,652	7,077
Interest Income Recognized YTD	211	256
Commercial installment
Financing Receivable, Impaired [Line Items]
Impaired loans with no a valuation allowance, recorded investment	0	0
Impaired loans with no related allowance, unpaid balance	0	0
Impaired loans with no related allowance	0	0
Impaired loans with no related allowance, average recorded investment YTD	2	50
Impaired loans with no related allowance, interest income recognized YTD	0	0
Impaired loans with a related allowance, recorded investment	306	240
Impaired loans with a related allowance, unpaid balance	306	240
Impaired loans with a related allowance	50	18
Impaired loans with a related allowance, average recored investment YTD	264	189
Impaired loans with a related allowance, interest income recognized YTD	14	20
Recorded Investment	306	240
Unpaid Balance	306	240
Related Allowance	50	18
Average Recorded Investment YTD	266	239
Interest Income Recognized YTD	14	20
Commercial real estate
Financing Receivable, Impaired [Line Items]
Impaired loans with no a valuation allowance, recorded investment	5,790	4,665
Impaired loans with no related allowance, unpaid balance	5,828	4,665
Impaired loans with no related allowance	0	0
Impaired loans with no related allowance, average recorded investment YTD	5,099	2,654
Impaired loans with no related allowance, interest income recognized YTD	50	142
Impaired loans with a related allowance, recorded investment	2,927	2,558
Impaired loans with a related allowance, unpaid balance	2,927	2,558
Impaired loans with a related allowance	444	315
Impaired loans with a related allowance, average recored investment YTD	2,891	2,415
Impaired loans with a related allowance, interest income recognized YTD	132	59
Recorded Investment	8,717	7,223
Unpaid Balance	8,755	7,223
Related Allowance	444	315
Average Recorded Investment YTD	7,990	5,069
Interest Income Recognized YTD	182	201
Consumer real estate
Financing Receivable, Impaired [Line Items]
Impaired loans with no a valuation allowance, recorded investment	223	27
Impaired loans with no related allowance, unpaid balance	223	27
Impaired loans with no related allowance	0	0
Impaired loans with no related allowance, average recorded investment YTD	205	179
Impaired loans with no related allowance, interest income recognized YTD	0	0
Impaired loans with a related allowance, recorded investment	842	2,032
Impaired loans with a related allowance, unpaid balance	842	2,032
Impaired loans with a related allowance	438	607
Impaired loans with a related allowance, average recored investment YTD	1,152	1,546
Impaired loans with a related allowance, interest income recognized YTD	15	33
Recorded Investment	1,065	2,059
Unpaid Balance	1,065	2,059
Related Allowance	438	607
Average Recorded Investment YTD	1,357	1,725
Interest Income Recognized YTD	15	33
Consumer installment
Financing Receivable, Impaired [Line Items]
Impaired loans with no a valuation allowance, recorded investment	7	10
Impaired loans with no related allowance, unpaid balance	7	10
Impaired loans with no related allowance	0	0
Impaired loans with no related allowance, average recorded investment YTD	8	11
Impaired loans with no related allowance, interest income recognized YTD	0	0
Impaired loans with a related allowance, recorded investment	32	28
Impaired loans with a related allowance, unpaid balance	32	28
Impaired loans with a related allowance	25	28
Impaired loans with a related allowance, average recored investment YTD	31	33
Impaired loans with a related allowance, interest income recognized YTD	0	2
Recorded Investment	39	38
Unpaid Balance	39	38
Related Allowance	25	28
Average Recorded Investment YTD	39	44
Interest Income Recognized YTD	$ 0	$ 2

Information Regarding Contractu

Information Regarding Contractually Payments Receivable, Cash Flows (Detail) $ in Thousands	Dec. 31, 2014USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement [Line Items]
Contractually required payments	$ 40,076
Cash flows expected to be collected	50,168
Fair value of loans acquired	38,393
Commercial Financial And Agriculture
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement [Line Items]
Contractually required payments	1,519
Cash flows expected to be collected	1,570
Fair value of loans acquired	1,513
Mortgage-Commercial
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement [Line Items]
Contractually required payments	29,648
Cash flows expected to be collected	37,869
Fair value of loans acquired	28,875
Mortgage-Residential
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement [Line Items]
Contractually required payments	7,933
Cash flows expected to be collected	9,697
Fair value of loans acquired	7,048
Commercial and other
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement [Line Items]
Contractually required payments	976
Cash flows expected to be collected	1,032
Fair value of loans acquired	$ 957

Changes in the Carrying Amount

Changes in the Carrying Amount and Accretable Yield for Acquired Impaired Loans (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement [Line Items]
Balance at beginning of period, Accretable Yield	$ 1,417
Accretion, Accretable Yield	(198)
Payments received, net, Accretable Yield	0
Balance at end of period, Accretable Yield	1,219
Balance at beginning of period, Carrying Amount of Loans	2,063
Accretion, Carrying Amount of Loans	198
Payments received, net, Carrying Amount of Loans	(440)
Balance at end of period, Carrying Amount of Loans	$ 1,821

Detail of Troubled Debt Restruc

Detail of Troubled Debt Restructurings (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)Loans	Dec. 31, 2014USD ($)Loans
Financing Receivable, Modifications [Line Items]
Outstanding Recorded Investment Pre-Modification	$ 544	$ 1,678
Outstanding Recorded Investment Post-Modification	$ 532	$ 1,612
Number of Loans | Loans	3	9
Interest Income Recognized	$ 10	$ 42
Commercial installment
Financing Receivable, Modifications [Line Items]
Outstanding Recorded Investment Pre-Modification	0	239
Outstanding Recorded Investment Post-Modification	$ 0	$ 176
Number of Loans | Loans	0	1
Interest Income Recognized	$ 0	$ 15
Commercial real estate
Financing Receivable, Modifications [Line Items]
Outstanding Recorded Investment Pre-Modification	499	1,345
Outstanding Recorded Investment Post-Modification	$ 492	$ 1,342
Number of Loans | Loans	2	7
Interest Income Recognized	$ 10	$ 26
Consumer real estate
Financing Receivable, Modifications [Line Items]
Outstanding Recorded Investment Pre-Modification	45	94
Outstanding Recorded Investment Post-Modification	$ 40	$ 94
Number of Loans | Loans	1	1
Interest Income Recognized	$ 0	$ 1
Consumer installment
Financing Receivable, Modifications [Line Items]
Outstanding Recorded Investment Pre-Modification	0	0
Outstanding Recorded Investment Post-Modification	$ 0	$ 0
Number of Loans | Loans	0	0
Interest Income Recognized	$ 0	$ 0

Modifications of Loans Performi

Modifications of Loans Performing (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30-89	$ 4,553,000	$ 7,163,000
Past Due 90 days and still accuring	29,000	669,000
Non- Accrual	7,368,000	6,056,000
Total	772,515,000	704,532,000
Loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	2,758,458	2,880,240
Past Due 30-89	0	622,302
Past Due 90 days and still accuring	0	0
Non- Accrual	4,147,759	3,281,075
Total	6,906,217	6,783,617
Allowance for loan losses, Current Loans	106,028	120,220
Allowance for loan losses, Past Due 30-89	0	11,206
Allowance for loan losses, Past Due 90 days and still accruing	0	102,657
Allowance for loan losses, Non-Accrual	197,338	0
Allowance for loan losses, Total	303,366	234,083
Loans | Commercial installment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	206,237	233,340
Past Due 30-89	0	0
Past Due 90 days and still accuring	0	0
Non- Accrual	50,221	0
Total	256,458	233,340
Loans | Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	1,823,217	1,684,755
Past Due 30-89	0	0
Past Due 90 days and still accuring	0	0
Non- Accrual	2,933,287	2,729,170
Total	4,756,504	4,413,925
Loans | Consumer real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	721,110	952,162
Past Due 30-89	0	622,302
Past Due 90 days and still accuring	0	0
Non- Accrual	1,134,816	448,796
Total	1,855,926	2,023,260
Loans | Commercial installment
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current Loans	7,894	9,983
Past Due 30-89	0	0
Past Due 90 days and still accuring	0	0
Non- Accrual	29,435	103,109
Total	$ 37,329	$ 113,092

Summary of Loans Classified as

Summary of Loans Classified as Past Due in Excess of Thirty Days or More and Loans Classified as Non-Accrual (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	$ 4,553	$ 7,163
Past Due 90 Days Or More and Still Accruing	29	669
Non- Accrual	7,368	6,056
Total Past Due and Non- Accrual	11,950	13,888
Total Loans	772,515	704,532
Lease financing receivable
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	0
Past Due 90 Days Or More and Still Accruing	0
Non- Accrual	0
Total Past Due and Non- Accrual	0
Total Loans	2,650	0
Real Estate-construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	311	428
Past Due 90 Days Or More and Still Accruing	0	0
Non- Accrual	2,956	2,747
Total Past Due and Non- Accrual	3,267	3,175
Total Loans	99,161	84,935
Real Estate-mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	3,339	3,208
Past Due 90 Days Or More and Still Accruing	29	208
Non- Accrual	2,055	2,164
Total Past Due and Non- Accrual	5,423	5,580
Total Loans	272,180	256,406
Real Estate-non farm non residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	736	3,408
Past Due 90 Days Or More and Still Accruing	0	461
Non- Accrual	2,225	1,102
Total Past Due and Non- Accrual	2,961	4,971
Total Loans	253,309	238,602
Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	97	29
Past Due 90 Days Or More and Still Accruing	0	0
Non- Accrual	100	5
Total Past Due and Non- Accrual	197	34
Total Loans	129,197	106,109
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due 30 to 89 Days	70	90
Past Due 90 Days Or More and Still Accruing	0	0
Non- Accrual	32	38
Total Past Due and Non- Accrual	102	128
Total Loans	$ 16,018	$ 18,480

Risk Category of Loans by Class

Risk Category of Loans by Class of Loans (Excluding Mortgage Loans Held for Sale) (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	$ 773,379	$ 704,972
Less: Unearned discount	864	440
Loans, net of unearned discount	772,515	704,532
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	753,689	682,080
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	1,002	5,445
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	18,361	17,447
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	327	0
Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	451,974	408,052
Less: Unearned discount	448	320
Loans, net of unearned discount	451,526	407,732
Commercial Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	434,638	388,569
Commercial Real Estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	681	4,756
Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	16,655	14,727
Commercial Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	0	0
Mortgage Real Estate
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	169,327	170,585
Less: Unearned discount	76	82
Loans, net of unearned discount	169,251	170,503
Mortgage Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	167,394	167,827
Mortgage Real Estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	153	191
Mortgage Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	1,453	2,567
Mortgage Real Estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	327	0
Installment and Other
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	19,631	18,648
Less: Unearned discount	0	0
Loans, net of unearned discount	19,631	18,648
Installment and Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	19,556	18,558
Installment and Other | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	0	0
Installment and Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	75	90
Installment and Other | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	0	0
Commercial,Financial and Agricultural
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	132,447	107,687
Less: Unearned discount	340	38
Loans, net of unearned discount	132,107	107,649
Commercial,Financial and Agricultural | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	132,101	107,126
Commercial,Financial and Agricultural | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	168	498
Commercial,Financial and Agricultural | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	178	63
Commercial,Financial and Agricultural | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and leases receivable, gross	$ 0	$ 0

PREMISES AND EQUIPMENT Addition

PREMISES AND EQUIPMENT Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Depreciation	$ 1,645,081	$ 1,552,297

PREMISES AND EQUIPMENT (Detail)

PREMISES AND EQUIPMENT (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Premises:
Property, Plant and Equipment, Gross	$ 47,521,426	$ 48,288,976
Less accumulated depreciation and amortization	13,898,415	13,479,133
Property, Plant and Equipment, Net	33,623,011	34,809,843
Land
Premises:
Property, Plant and Equipment, Gross	10,352,314	10,565,633
Buildings and Improvements
Premises:
Property, Plant and Equipment, Gross	26,164,412	25,872,002
Equipment
Premises:
Property, Plant and Equipment, Gross	10,927,780	11,663,195
Construction in Progress
Premises:
Property, Plant and Equipment, Gross	$ 76,920	$ 188,146

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deposits [Line Items]
Time deposits, $100,000 or more	$ 105,605,438	$ 120,693,807

DEPOSITS (Detail)

DEPOSITS (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Scheduled Maturities Of Time Deposits [Line Items]
2,016	$ 120,771
2,017	25,924
2,018	12,154
2,019	8,408
2,020	12,216
Thereafter	0
Time Deposits	$ 179,473

Borrowed Funds - Additional Inf

Borrowed Funds - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Borrowed Funds [Line Items]
Interest rate, range from	0.31%
Interest rate, range to	5.47%
Amount of available, unused funds	$ 242,945,692
Reverse Repurchase Agreement	5,000,000	$ 5,000,000
Fair value of securities received as collateral that can be resold or repledged	$ 5,501,503	$ 7,443,951
Repurchase Agreements, Maturities	September 26, 2017
Reverse Repurchase Agreement Interest Rate	3.81%

Borrowed funds (Details)

Borrowed funds (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Borrowed Funds [Line Items]
Reverse Repurchase Agreement	$ 5,000,000	$ 5,000,000
Fed Funds purchased	5,340,000	0
FHLB advances	99,981,245	84,450,067
Debt and Capital Lease Obligations	$ 110,321,245	$ 89,450,067

Future Annual Principal Repayme

Future Annual Principal Repayment Requirements On Borrowings (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Borrowed Funds [Line Items]
2,016	$ 91,981,245
2,017	5,000,000
2,018	0
2,019	3,000,000
Total	$ 99,981,245	$ 84,450,067

Lease Obligations - Additional

Lease Obligations - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Lease Obligations [Line Items]
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments, Total	$ 1,327,000
Capital Lease Obligations One [Member]
Lease Obligations [Line Items]
Operating Leases, Rent Expense	530,000	$ 421,000
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments, Total	$ 1,018,000	1,154,000
Lease Term	6 years
Capital Leased Assets, Gross	$ 2,600,000
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	1,127,913	$ 866,313
Capital Lease Obligations Two [Member]
Lease Obligations [Line Items]
Capital Leases, Future Minimum Payments, Present Value of Net Minimum Payments, Total	$ 309,000
Lease Term	4 years
Capital Leased Assets, Gross	$ 300,000
Capital Leases, Lessee Balance Sheet, Assets by Major Class, Accumulated Depreciation	$ 1,000

Minimum future lease payments f

Minimum future lease payments for operating and capital leases (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Lease Obligations [Line Items]
2,016	$ 503
2,017	214
2,018	141
2,019	141
2,020	130
Thereafter	556
Total Minimum Lease Payments	1,685
2,016	252
2,017	275
2,018	275
2,019	275
2,020	191
Thereafter	175
Total Minimum Lease Payments	1,443
Less: Amount representing interest	(116)
Present value of minimum lease payments	$ 1,327

REGULATORY MATTERS - Additional

REGULATORY MATTERS - Additional Information (Detail) - Minimum [Member]	Dec. 31, 2015
Regulatory Capital Requirements Under Banking Regulations [Line Items]
Tier One Risk Based Capital to Risk Weighted Assets	2.50%
Risk based capital ratio	10.00%
Tier I risk-based capital ratio	8.00%
Tier I leverage capital ratio	5.00%
Tier One Leverage Capital to Average Assets	4.00%

Actual Capital Amounts and Rati

Actual Capital Amounts and Ratios (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Parent Company [Member]
Common equity Tier 1 (Ratio)
Total risk-based	$ 103,403	$ 95,419
Common equity Tier 1	70,587
Tier I risk-based	96,656	89,324
Tier I leverage	$ 96,656	$ 89,324
Total risk-based, Ratio	11.90%	12.30%
Common equity Tier 1 (Ratio)	8.10%
Tier I risk-based, Ratio	11.10%	11.50%
Tier I leverage, Ratio	8.70%	8.40%
Subsidiary [Member]
Common equity Tier 1 (Ratio)
Total risk-based	$ 102,911	$ 94,888
Common equity Tier 1	96,164
Tier I risk-based	96,164	88,793
Tier I leverage	$ 96,164	$ 88,793
Total risk-based, Ratio	11.80%	12.20%
Common equity Tier 1 (Ratio)	11.00%
Tier I risk-based, Ratio	11.00%	11.40%
Tier I leverage, Ratio	8.60%	8.40%

Minimum Amounts Of Capital and

Minimum Amounts Of Capital and Ratios (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Parent Company [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total risk-based	$ 69,753	$ 62,272
Common equity Tier 1	39,236
Tier I risk-based	52,315	31,136
Tier I leverage	$ 44,661	$ 42,363
Total risk-based, Ratio	8.00%	8.00%
Common equity Tier 1, Ratio	4.50%
Tier I risk-based, Ratio	6.00%	4.00%
Tier I leverage, Ratio	4.00%	4.00%
Subsidiary [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total risk-based	$ 69,698	$ 62,208
Common equity Tier 1	39,205
Tier I risk-based	52,274	31,104
Tier I leverage	$ 44,625	$ 42,325
Total risk-based, Ratio	8.00%	8.00%
Common equity Tier 1, Ratio	4.50%
Tier I risk-based, Ratio	6.00%	4.00%
Tier I leverage, Ratio	4.00%	4.00%

Components of Income Tax Expens

Components of Income Tax Expense (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal									$ 2,484,372	$ 1,757,098
State									473,037	347,382
Deferred									255,638	331,399
Income Tax Expense (Benefit)	$ 873,000	$ 815,000	$ 793,000	$ 732,000	$ 682,000	$ 641,000	$ 629,000	$ 484,000	$ 3,213,047	$ 2,435,879

Reconciliation of Federal Incom

Reconciliation of Federal Income Tax Statutory Rates (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
income Tax Reconciliation Tax Credits [Line Items]
Income taxes at statutory rate									$ 4,083,995	$ 3,076,856
Tax-exempt income									(831,141)	(863,204)
Nondeductible expenses									161,176	238,638
State income tax, net of federal tax effect									307,951	215,803
Tax credits									(295,800)	(337,716)
Other, net									(213,134)	105,502
Income Tax Expense (Benefit)	$ 873,000	$ 815,000	$ 793,000	$ 732,000	$ 682,000	$ 641,000	$ 629,000	$ 484,000	$ 3,213,047	$ 2,435,879
Income taxes at statutory rate, Percent									34.00%	34.00%
Tax-exempt income, Percent									(7.00%)	(10.00%)
Nondeductible expenses, Percent									1.00%	3.00%
State income tax, net of federal tax effect, Percent									3.00%	2.00%
Tax credits, Percent									(2.00%)	(4.00%)
Other, net, Percent									(2.00%)	2.00%
Effective Income Tax Rate Reconciliation, Percent									27.00%	27.00%

Components of Deferred Income T

Components of Deferred Income Taxes Included in Consolidated Financial Statements (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Allowance for loan losses	$ 2,516,669	$ 2,273,435
Net operating loss carryover	2,426,903	2,615,552
Other real estate	275,530	357,873
Other	1,194,345	1,200,419
Deferred Tax Assets, Gross, Total	6,413,447	6,447,279
Deferred tax liabilities:
Securities accretion	(112,050)	(124,942)
Premises and equipment	(554,103)	(443,080)
Unrealized gain on available-for-sale securities	(560,791)	(932,473)
Core deposit intangible	(149,109)	(238,562)
Goodwill	(929,316)	(716,188)
Deferred Tax Liabilities, Gross	(2,305,369)	(2,455,245)
Net deferred tax asset, included in other assets	$ 4,108,078	$ 3,992,034

EMPLOYEE BENEFITS - Additional

EMPLOYEE BENEFITS - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Employee Benefits [Line Items]
Defined contribution plan, employer matching contribution, percent	50.00%
Employee stockownership plan ESOP deferred shares	5,902
Deferred compensation arrangement with individual, employer contribution	$ 287,055	$ 255,716
Employee Stock Ownership Plan (ESOP), compensation expense	25,506	$ 26,267
Accrued Employee Benefits	$ 88,992

STOCK PLANS - Additional Inform

STOCK PLANS - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Compensation Related Costs Share Based Payments [Line Items]
Common stock, par value	$ 1	$ 1
Share-based Compensation, Number of Shares Authorized	615,000
Grant of restricted stock	$ 0	$ 0
Stock Repurchased During Period, Shares	6,324
Restricted stock expense	$ 721,124	617,779
Unrecognized compensation costs	$ 1,266,000
Restricted stock award vested percent	100.00%
Forfeited stock awards	0
Common Stock
Compensation Related Costs Share Based Payments [Line Items]
Grant of restricted stock	$ 69,327	$ 67,627
2007 Plan
Compensation Related Costs Share Based Payments [Line Items]
Issuance of common stock	315,000
Common stock, par value	$ 1
Restricted Stock
Compensation Related Costs Share Based Payments [Line Items]
Weighted average grant date fair value	$ 14.06
Vesting period for recognition of compensation costs	4 years
2007 Plan Amendment
Compensation Related Costs Share Based Payments [Line Items]
Issuance of common stock	300,000
Common stock, par value	$ 1

SUBORDINATED DEBENTURES - Addit

SUBORDINATED DEBENTURES - Additional Information (Detail) - USD ($)	1 Months Ended
	Jul. 27, 2007	Jun. 30, 2006
Subordinated Debenture [Line Items]
Trust Preferred Securities to investors	$ 6,000,000	$ 4,000,000
Debentures, Maturity date	2,037	2,036
London Interbank Offer Rate	1.40%	1.65%
Junior Subordinated Debt
Subordinated Debenture [Line Items]
Junior subordinated deferrable interest debentures	$ 6,186,000	$ 4,124,000

TREASURY STOCK - Additional Inf

TREASURY STOCK - Additional Information (Detail) - shares	Dec. 31, 2015	Dec. 31, 2014
Equity, Class of Treasury Stock [Line Items]
Treasury Stock, Shares	26,494	26,494

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Loans and Leases Receivable, Related Parties	$ 7,957	$ 8,442

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Related Party Transaction [Line Items]
Loans outstanding at beginning of year	$ 8,442
New loans	362
Repayments	(847)
Loans outstanding at end of year	$ 7,957

COMMITMENTS, CONTINGENCIES, A91

COMMITMENTS, CONTINGENCIES, AND CONCENTRATIONS OF CREDIT RISK - Additional Information (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Commitments And Contingencies [Line Items]
Letters of Credit Outstanding, Amount	$ 1,135,000	$ 986,000
Long-term Line of Credit	$ 144,086,000	$ 128,086,000

FAIR VALUES OF ASSETS AND LIA92

FAIR VALUES OF ASSETS AND LIABILITIES - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets measured at fair value on a non recurring basis	$ 3,083	$ 4,655

Fair Value of Assets Measured o

Fair Value of Assets Measured on Recurring Basis (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	$ 239,732,426	$ 254,746,446
Obligations of U. S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	19,611,000	27,372,000
Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	97,889,000	104,582,000
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	98,925,000	93,036,000
Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	22,346,000	28,784,000
Other
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	961,000	972,000
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	961,000	972,000
Quoted Prices in Active Markets for Identical Assets (Level 1) | Obligations of U. S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	961,000	972,000
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	236,214,000	250,973,000
Significant Other Observable Inputs (Level 2) | Obligations of U. S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	19,611,000	27,372,000
Significant Other Observable Inputs (Level 2) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	97,889,000	104,582,000
Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	98,925,000	93,036,000
Significant Other Observable Inputs (Level 2) | Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	19,789,000	25,983,000
Significant Other Observable Inputs (Level 2) | Other
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Significant Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	2,557,000	2,801,000
Significant Unobservable Inputs (Level 3) | Obligations of U. S. Government Agencies
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	0	0
Significant Unobservable Inputs (Level 3) | Corporate obligations
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	2,557,000	2,801,000
Significant Unobservable Inputs (Level 3) | Other
Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Securities available-for-sale, at fair value	$ 0	$ 0

Reconciliation of Activity for

Reconciliation of Activity for Assets Measured at Fair Value based on Significant Unobservable (Non-market) Information (Detail) - Bank-Issued Trust Preferred Securities - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance of recurring Level 3 assets at January 1	$ 2,801	$ 2,798
Transfers into Level 3	0	0
Transfers out of Level 3	0	0
Unrealized income (loss) included in comprehensive income	(244)	3
Balance of recurring Level 3 assets at December 31	$ 2,557	$ 2,801

Quantitative Information About

Quantitative Information About Recurring Level 3 Fair Value Measurements (Detail) - Fair Value Input Level 3 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Quantitative Information About Recurring Fair Value Measurements [Line Items]
Fair Value	$ 2,557	$ 2,801
Valuation Technique	Discounted cash flow	Discounted cash flow
Significant Unobservable Inputs	Discount rate	Discount rate
Range of Inputs, Minimum	1.08%	0.79%
Range of Inputs, Maximum	2.77%	2.49%

Fair Value of Assets Measured96

Fair Value of Assets Measured on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Impaired Loans
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 10,127	$ 9,560
Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	3,083	4,655
Quoted Prices in Active Markets for Identical Assets (Level 1) | Impaired Loans
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Significant Other Observable Inputs (Level 2) | Impaired Loans
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	10,127	9,560
Significant Other Observable Inputs (Level 2) | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	3,083	4,655
Significant Unobservable Inputs (Level 3) | Impaired Loans
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	0	0
Significant Unobservable Inputs (Level 3) | Other Real Estate Owned
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis [Line Items]
Assets measured at fair value on a nonrecurring basis	$ 0	$ 0

Fair Values of off-Balance Shee

Fair Values of off-Balance Sheet Financial Instruments (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets:
Cash and cash equivalents	$ 41,258,917	$ 44,617,789	$ 39,251,925
Securities available-for-sale	239,732,426	254,746,446
Securities held-to-maturity	7,092,120	8,192,741
Other securities	8,134,850	7,234,350
Loans, net	765,768,073	698,436,345
Bank-owned life insurance	14,872,000	14,463,000
Liabilities:
Noninterest-bearing deposits	189,444,815	201,362,468
Interest-bearing deposits	727,250,297	691,413,018
Subordinated debentures	10,310,000	10,310,000
FHLB and other borrowings	110,321,245	89,450,067
Quoted Prices (Level 1)
Assets:
Cash and cash equivalents	41,259,000	44,618,000
Securities available-for-sale	961,000	972,000
Securities held-to-maturity	0	0
Other securities	0	0
Loans, net	0	0
Bank-owned life insurance	0	0
Liabilities:
Noninterest-bearing deposits	0	0
Interest-bearing deposits	0	0
Subordinated debentures	0	0
FHLB and other borrowings	0	0
Significant Other Observable Inputs (Level 2)
Assets:
Cash and cash equivalents	0	0
Securities available-for-sale	236,214,000	250,973,000
Securities held-to-maturity	8,548,000	9,994,000
Other securities	8,135,000	7,234,000
Loans, net	0	0
Bank-owned life insurance	14,872,000	14,463,000
Liabilities:
Noninterest-bearing deposits	189,445,000	201,362,000
Interest-bearing deposits	726,441,000	691,036,000
Subordinated debentures	0	0
FHLB and other borrowings	110,321,000	89,450,000
Significant Unobservable Inputs (Level 3)
Assets:
Cash and cash equivalents	0	0
Securities available-for-sale	2,557,000	2,801,000
Securities held-to-maturity	0	0
Other securities	0	0
Loans, net	784,113,000	715,849,000
Bank-owned life insurance	0	0
Liabilities:
Noninterest-bearing deposits	0	0
Interest-bearing deposits	0	0
Subordinated debentures	10,310,000	10,310,000
FHLB and other borrowings	0	0
Estimated Fair Value
Assets:
Cash and cash equivalents	41,259,000	44,618,000
Securities available-for-sale	239,732,000	254,746,000
Securities held-to-maturity	8,548,000	9,994,000
Other securities	8,135,000	7,234,000
Loans, net	784,113,000	715,849,000
Bank-owned life insurance	14,872,000	14,463,000
Liabilities:
Noninterest-bearing deposits	189,445,000	201,362,000
Interest-bearing deposits	726,441,000	691,036,000
Subordinated debentures	10,310,000	10,310,000
FHLB and other borrowings	$ 110,321,000	$ 89,450,000

SENIOR PREFERRED STOCK - Additi

SENIOR PREFERRED STOCK - Additional Information (Detail) - USD ($)	May. 13, 2015	Dec. 31, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Limitations on payment of dividends on common stock		stock to no more than 100% of the aggregate per share dividend
Preferred stock, issued		17,123	17,123
Warrant Issued To Purchase Of Common Stock	54,705
Treasury Stock Redemption Amount	$ 302,410
2011 through 2015
Class of Stock [Line Items]
Dividend declared and paid, common stock		$ 0.15
Series CD Preferred Stock
Class of Stock [Line Items]
Preferred stock, annual dividend rate		2.00%
Capital purchase liquidation dividend term		8 years

Condensed Balance Sheets (Detai

Condensed Balance Sheets (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$ 23,634,536	$ 30,332,502
Other	9,863,743	8,573,997
Assets, Total	1,145,130,719	1,093,767,719
Liabilities and Stockholders’ Equity:
Subordinated debentures	10,310,000	10,310,000
Other	4,122,540	4,700,738
Liabilities and Equity	1,145,130,719	1,093,767,719
Parent Company [Member]
Assets:
Cash and cash equivalents	213,621	63,707
Investment in subsidiary bank	112,943,885	105,685,727
Investments in statutory trusts	310,000	310,000
Other	686,409	808,132
Assets, Total	114,153,915	106,867,566
Liabilities and Stockholders’ Equity:
Subordinated debentures	10,310,000	10,310,000
Other	407,825	341,982
Stockholders’ equity	103,436,090	96,215,584
Liabilities and Equity	$ 114,153,915	$ 106,867,566

Condensed Statements of Income

Condensed Statements of Income (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Income:
Interest and Dividend Income, Operating, Total	$ 10,417,000	$ 10,080,000	$ 10,022,000	$ 9,683,000	$ 9,662,000	$ 9,688,000	$ 8,574,000	$ 8,447,000	$ 40,201,856	$ 36,370,782
Expenses:
Interest on borrowed funds									645,207	603,469
Income before income taxes and equity in undistributed income of subsidiary									12,011,749	9,049,575
Income tax benefit	873,000	815,000	793,000	732,000	682,000	641,000	629,000	484,000	3,213,047	2,435,879
Net income	$ 2,358,000	$ 2,227,000	$ 2,185,000	$ 2,029,000	$ 2,041,000	$ 1,533,000	$ 1,613,000	$ 1,427,000	8,798,702	6,613,696
Parent Company [Member]
Income:
Interest and dividends									5,573	5,453
Dividend income									1,650,000	5,109,668
Other									0	364,719
Interest and Dividend Income, Operating, Total									1,655,573	5,479,840
Expenses:
Interest on borrowed funds									185,351	181,330
Legal									295,637	504,130
Other									833,502	752,027
Operating Expenses, Total									1,314,490	1,437,487
Income before income taxes and equity in undistributed income of subsidiary									341,083	4,042,353
Income tax benefit									487,853	296,388
Income before equity in undistributed income of subsidiary									828,936	4,338,741
Equity in undistributed income of subsidiary									7,969,766	2,274,955
Net income									$ 8,798,702	$ 6,613,696

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 2,358,000	$ 2,227,000	$ 2,185,000	$ 2,029,000	$ 2,041,000	$ 1,533,000	$ 1,613,000	$ 1,427,000	$ 8,798,702	$ 6,613,696
Adjustments to reconcile net income to net cash used in operating activities:
Restricted stock expense									721,124	617,779
Net cash provided by operating activities									9,737,655	7,057,258
Cash flows from investing activities:
Net cash used in investing activities									(56,506,899)	(78,692,188)
Cash flows from financing activities:
Dividends paid on common stock									(778,428)	(763,143)
Dividends paid on preferred stock									(342,460)	(342,460)
Repurchase of warrants									(302,410)	0
Net cash used in financing activities									43,410,372	77,000,794
Net increase in cash and cash equivalents									(3,358,872)	5,365,864
Parent Company [Member]
Cash flows from operating activities:
Net income									8,798,702	6,613,696
Adjustments to reconcile net income to net cash used in operating activities:
Equity in undistributed income of subsidiary									(7,969,766)	(2,274,955)
Restricted stock expense									721,124	617,779
Gain on sale of assets									0	(364,719)
Other, net									151,251	689,740
Net cash provided by operating activities									1,701,311	5,281,541
Cash flows from investing activities:
Investment in subsidiary bank									0	0
Outlays for acquisition									(35,709)	(4,034,668)
Net cash used in investing activities									(35,709)	(4,034,668)
Cash flows from financing activities:
Dividends paid on common stock									(778,428)	(763,488)
Dividends paid on preferred stock									(342,460)	(342,460)
Repurchase of restricted stock for payment of taxes									(92,390)	(85,532)
Repurchase of warrants									(302,410)	0
Net cash used in financing activities									(1,515,688)	(1,191,480)
Net increase in cash and cash equivalents									149,914	55,393
Cash and cash equivalents at beginning of year				$ 63,707				$ 8,314	63,707	8,314
Cash and cash equivalents at end of year	$ 213,621				$ 63,707				$ 213,621	$ 63,707

Summary of Quarterly Results102

Summary of Quarterly Results of Operations and Per Share Amounts (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Total interest income	$ 10,417,000	$ 10,080,000	$ 10,022,000	$ 9,683,000	$ 9,662,000	$ 9,688,000	$ 8,574,000	$ 8,447,000	$ 40,201,856	$ 36,370,782
Total interest expense	804,000	793,000	806,000	804,000	791,000	833,000	726,000	623,000	3,207,448	2,972,807
Net interest income	9,613,000	9,287,000	9,216,000	8,879,000	8,871,000	8,855,000	7,848,000	7,824,000	36,994,408	33,397,975
Provision for loan losses	10,000	250,000	0	150,000	152,000	631,000	277,000	358,000	410,069	1,418,260
Net interest income after provision for loan losses	9,603,000	9,037,000	9,216,000	8,729,000	8,719,000	8,224,000	7,571,000	7,466,000	36,584,339	31,979,715
Total non-interest income	1,903,000	1,982,000	1,854,000	1,850,000	2,055,000	2,021,000	2,055,000	1,672,000	7,588,532	7,803,468
Total non-interest expense	8,275,000	7,977,000	8,092,000	7,818,000	8,051,000	8,071,000	7,384,000	7,227,000	32,161,122	30,733,608
Income tax expense	873,000	815,000	793,000	732,000	682,000	641,000	629,000	484,000	3,213,047	2,435,879
Net income	2,358,000	2,227,000	2,185,000	2,029,000	2,041,000	1,533,000	1,613,000	1,427,000	8,798,702	6,613,696
Preferred dividends	85,000	86,000	86,000	85,000	86,000	85,000	86,000	106,000
Net income applicable to common Stockholders	$ 2,273,000	$ 2,141,000	$ 2,099,000	$ 1,944,000	$ 1,955,000	$ 1,448,000	$ 1,527,000	$ 1,321,000	$ 8,456,242	$ 6,250,743
Per common share:
Net income, basic	$ 0.42	$ 0.40	$ 0.39	$ 0.36	$ 0.37	$ 0.27	$ 0.30	$ 0.26	$ 1.64	$ 1.27
Net income, diluted	0.42	0.39	0.39	0.36	0.36	0.27	0.29	0.25	1.62	1.25
Cash dividends declared	$ 0.0375	$ 0.0375	$ 0.0375	$ 0.0375	$ 0.0375	$ 0.0375	$ 0.0375	$ 0.0375	$ 0.15	$ 0.15