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Basis of Accounting and Consolidation (Tables)

12 Months Ended

Dec. 31, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Premises and Equipment

The estimated useful lives for each major depreciable classification of premises and equipment are as follows:

Buildings and improvements	20 years to 40 years
Leasehold improvements	5 years to 15 years
Furniture and equipment	3 years to 7 years

Premises and equipment at December 31, 2021 and 2020 consisted of (in thousands):

		2021				2020
Land		$	22,682			$	14,599
Buildings and improvements			67,225				53,147
Furniture and equipment			25,747				22,996
Leasehold improvements			4,736				3,636
Construction in progress			394				576
Subtotal			120,784				94,954
Accumulated depreciation and amortization			39,300				36,748
Total		$	81,484			$	58,206

Schedule of Impact of ASU 2016-13 Adoption

The following table illustrates the impact of ASU 2016-13 adoption (in thousands):

		January 1, 2020
		As reported				Pre-ASU				Impact of ASU
		under ASU				2016-13				2016-13
		2016-13				Adoption				Adoption
Assets:
Construction and Land Development		$	1,033			$	1,146			$	(113	)
Farm			1,323				1,093				230
1-4 Family Residential Properties			2,142				1,386				756
Commercial Real Estate			11,739				11,198				541
Agricultural			1,023				1,386				(363	)
Commercial and Industrial			9,428				9,273				155
Consumer			1,895				1,429				466
Allowance for credit losses for all loans		$	28,583			$	26,911			$	1,672
Liabilities:
Allowance for credit losses on off-balance sheet exposures		$	69			—				$	69

The following table illustrates the impact of ASU 2016-13 adoption for PCD assets previously classified as PCI included in the table above (in thousands):

		January 1, 2020
		As reported				Pre-ASU				Impact of ASU
		under ASU				2016-13				2016-13
		2016-13				Adoption				Adoption
Construction and Land Development		$	291			$	—			$	291
1-4 Family Residential Properties			48				6				42
Commercial Real Estate			818				359				459
Commercial and Industrial			41				—				41
Allowance for credit losses for all loans		$	1,198			$	365			$	833

Schedule of Components of Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income included in stockholders’ equity as of December 31, 2021 and 2020 are as follows (in thousands):

		Unrealized Gain
		(Loss) on
		Securities
December 31, 2021
Net unrealized losses on securities available-for-sale		$	(1,170	)
Tax benefit			339
Balance at December 31, 2021		$	(831	)
December 31, 2020
Net unrealized gains on securities available-for-sale		$	24,077
Tax expense			(6,982	)
Balance at December 31, 2020		$	17,095

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income

Amounts reclassified from accumulated other comprehensive income and the affected line items in the statements of income during the years ended December 31, 2021, 2020, and 2019, were as follows (in thousands):

		Amounts Reclassified from Other Comprehensive Income												Affected Line Item in the
		2021				2020				2019				Statements of Income
Realized gains on available-for-sale securities		$	124			$	1,106			$	802			Securities gains, net (total reclassified amount before tax)
			(36	)			(321	)			(233	)		Tax expense
Total reclassifications out of accumulated other comprehensive income		$	88			$	785			$	569			Net reclassified amount

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