XML 33 R24.htm IDEA: XBRL DOCUMENT v3.22.1
Note 3 - Loans and Allowance for Credit Losses (Tables)
3 Months Ended
Mar. 31, 2022
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
                  

Percent

 
  

March 31, 2022

  

December 31, 2021

  

Increase

 
  

Balance

  

%

  

Balance

  

%

  

(Decrease)

 
                     

Commercial:

                    

Commercial and industrial (1)

 $1,153,814,000   32.4

%

 $1,137,419,000   32.9

%

  1.4

%

Vacant land, land development, and residential construction

  52,693,000   1.5   43,239,000   1.3   21.9 

Real estate – owner occupied

  582,732,000   16.4   565,758,000   16.4   3.0 

Real estate – non-owner occupied

  1,007,361,000   28.3   1,027,415,000   29.7   (2.0

)

Real estate – multi-family and residential rental

  207,962,000   5.9   176,593,000   5.1   17.8 

Total commercial

  3,004,562,000   84.5   2,950,424,000   85.4   1.8 
                     

Retail:

                    

1-4 family mortgages

  522,556,000   14.7   442,547,000   12.8   18.1 

Other consumer loans (2)

  28,672,000   0.8   60,488,000   1.8   (52.6

)

Total retail

  551,228,000   15.5   503,035,000   14.6   9.6 
                     

Total loans

 $3,555,790,000   100.0

%

 $3,453,459,000   100.0

%

  3.0

%

Financing Receivable, Nonperforming [Table Text Block]
  

March 31,

  

December 31,

 
  

2022

  

2021

 
         

Loans past due 90 days or more still accruing interest

 $0  $155,000 

Nonaccrual loans

  1,612,000   2,313,000 
         

Total nonperforming loans

 $1,612,000  $2,468,000 
  

March 31,

  

December 31,

 
  

2022

  

2021

 

Commercial:

        

Commercial and industrial

 $0  $663,000 

Vacant land, land development, and residential construction

  0   0 

Real estate – owner occupied

  0   0 

Real estate – non-owner occupied

  0   0 

Real estate – multi-family and residential rental

  0   0 

Total commercial

  0   663,000 
         

Retail:

        

1-4 family mortgages

  1,610,000   1,686,000 

Other consumer loans

  2,000   119,000 

Total retail

  1,612,000   1,805,000 
         

Total nonperforming loans

 $1,612,000  $2,468,000 
Financing Receivable, Past Due [Table Text Block]
  

30 – 59

Days

Past Due

  

60 – 89

Days

Past Due

  

Greater

Than 89

Days

Past Due

  

Total

Past Due

  

Current

  

Total

Loans

  

Recorded

Balance

> 89

Days and

Accruing

 
                             

Commercial:

                            

Commercial and industrial

 $0  $0  $0  $0  $1,153,814,000  $1,153,814,000  $0 

Vacant land, land development, and residential construction

  0   0   0   0   52,693,000   52,693,000   0 

Real estate – owner occupied

  1,195,000   0   0   1,195,000   581,537,000   582,732,000   0 

Real estate – non-owner occupied

  0   0   0   0   1,007,361,000   1,007,361,000   0 

Real estate – multi-family and residential rental

  0   0   0   0   207,962,000   207,962,000   0 

Total commercial

  1,195,000   0   0   1,195,000   3,003,367,000   3,004,562,000   0 
                             

Retail:

                            

1-4 family mortgages

  567,000   89,000   154,000   810,000   521,746,000   522,556,000   0 

Other consumer loans

  17,000   0   0   17,000   28,655,000   28,672,000   0 

Total retail

  584,000   89,000   154,000   827,000   550,401,000   551,228,000   0 
                             

Total past due loans

 $1,779,000  $89,000  $154,000  $2,022,000  $3,553,768,000  $3,555,790,000  $0 
  

30 – 59

Days

Past Due

  

60 – 89

Days

Past Due

  

Greater

Than 89

Days

Past Due

  

Total

Past Due

  

Current

  

Total

Loans

  

Recorded

Balance

> 89

Days and

Accruing

 
                             

Commercial:

                            

Commercial and industrial

 $14,000  $0  $193,000  $207,000  $1,137,212,000  $1,137,419,000  $155,000 

Vacant land, land development, and residential construction

  13,000   0   0   13,000   43,226,000   43,239,000   0 

Real estate – owner occupied

  0   0   0   0   565,758,000   565,758,000   0 

Real estate – non-owner occupied

  0   0   0   0   1,027,415,000   1,027,415,000   0 

Real estate – multi-family and residential rental

  0   0   0   0   176,593,000   176,593,000   0 

Total commercial

  27,000   0   193,000   220,000   2,950,204,000   2,950,424,000   155,000 
                             

Retail:

                            

Home equity and other

  132,000   2,000   20,000   154,000   60,334,000   60,488,000   0 

1-4 family mortgages

  1,265,000   241,000   82,000   1,588,000   440,959,000   442,547,000   0 

Total retail

  1,397,000   243,000   102,000   1,742,000   501,293,000   503,035,000   0 
                             

Total past due loans

 $1,424,000  $243,000  $295,000  $1,962,000  $3,451,497,000  $3,453,459,000  $155,000 
Financing Receivable, Nonaccrual [Table Text Block]
  

Recorded

     
  

Principal

  

Related

 
  

Balance

  

Allowance

 

With no allowance recorded:

        

Commercial:

        

Commercial and industrial

 $0  $0 

Vacant land, land development and residential construction

  0   0 

Real estate – owner occupied

  0   0 

Real estate – non-owner occupied

  0   0 

Real estate – multi-family and residential rental

  0   0 

Total commercial

  0   0 
         

Retail:

        

1-4 family mortgages

  1,585,000   0 

Other consumer loans

  2,000   0 

Total retail

  1,587,000   0 
         

Total with no allowance recorded

 $1,587,000  $0 
         

With an allowance recorded:

        

Commercial:

        

Commercial and industrial

 $0  $0 

Vacant land, land development and residential construction

  0   0 

Real estate – owner occupied

  0   0 

Real estate – non-owner occupied

  0   0 

Real estate – multi-family and residential rental

  0   0 

Total commercial

  0   0 
         

Retail:

        

1-4 family mortgages

  25,000   25,000 

Other consumer loans

  0   0 

Total retail

  25,000   25,000 
         

Total with an allowance recorded

 $25,000  $25,000 
         

Total nonaccrual loans:

        

Commercial

 $0  $0 

Retail

  1,612,000   25,000 

Total nonaccrual loans

 $1,612,000  $25,000 
Impaired Financing Receivables [Table Text Block]
              

First Quarter

 
  

Unpaid

          

Average

 
  

Contractual

  

Recorded

      

Recorded

 
  

Principal

  

Principal

  

Related

  

Principal

 
  

Balance

  

Balance

  

Allowance

  

Balance

 

With no related allowance recorded:

                

Commercial:

                

Commercial and industrial

 $2,893,000  $2,818,000      $4,913,000 

Vacant land, land development and residential construction

  0   0       0 

Real estate – owner occupied

  9,674,000   9,674,000       14,074,000 

Real estate – non-owner occupied

  0   0       326,000 

Real estate – multi-family and residential rental

  91,000   91,000       0 

Total commercial

  12,658,000   12,583,000       19,313,000 
                 

Retail:

                

Home equity and other

  1,173,000   1,107,000       963,000 

1-4 family mortgages

  3,166,000   2,205,000       2,550,000 

Total retail

  4,339,000   3,132,000       3,513,000 
                 

Total with no related allowance recorded

 $16,997,000  $15,715,000      $22,826,000 
              

First Quarter

 
  

Unpaid

          

Average

 
  

Contractual

  

Recorded

      

Recorded

 
  

Principal

  

Principal

  

Related

  

Principal

 
  

Balance

  

Balance

  

Allowance

  

Balance

 

With an allowance recorded:

                

Commercial:

                

Commercial and industrial

 $2,192,000  $2,192,000  $266,000  $345,000 

Vacant land, land development and residential construction

  0   0   0   0 

Real estate – owner occupied

  761,000   761,000   84,000   632,000 

Real estate – non-owner occupied

  146,000   146,000   4,000   160,000 

Real estate – multi-family and residential rental

  0   0   0   0 

Total commercial

  3,099,000   3,099,000   354,000   1,137,000 
                 

Retail:

                

Home equity and other

  160,000   140,000   123,000   267,000 

1-4 family mortgages

  412,000   412,000   69,000   665,000 

Total retail

  572,000   552,000   192,000   932,000 
                 

Total with an allowance recorded

 $3,671,000  $3,651,000  $546,000  $2,069,000 
                 

Total impaired loans:

                

Commercial

 $15,757,000  $15,682,000  $354,000  $20,450,000 

Retail

  4,911,000   3,684,000   192,000   4,445,000 

Total impaired loans

 $20,668,000  $19,366,000  $546,000  $24,895,000 
Financing Receivable Credit Quality Indicators [Table Text Block]
  

Commercial

and

Industrial

  

Commercial

Vacant Land,

Land

Development,

and Residential

Construction

  

Commercial

Real Estate -

Owner

Occupied

  

Commercial

Real Estate -

Non-Owner

Occupied

  

Commercial

Real Estate -

Multi-Family

and Residential

Rental

 
                     

Internal credit risk grade groupings:

                    

Grades 1 – 4 (1)

 $719,267,000  $34,546,000  $358,249,000  $497,951,000  $132,781,000 

Grades 5 – 7

  415,709,000   18,031,000   222,095,000   496,757,000   75,034,000 

Grades 8 – 9

  18,838,000   116,000   2,388,000   12,653,000   147,000 

Total commercial

 $1,153,814,000  $52,693,000  $582,732,000  $1,007,361,000  $207,962,000 
  

Commercial

and

Industrial

  

Commercial

Vacant Land,

Land

Development,

and Residential

Construction

  

Commercial

Real Estate -

Owner

Occupied

  

Commercial

Real Estate -

Non-Owner

Occupied

  

Commercial

Real Estate -

Multi-Family

and Residential

Rental

 
                     

Internal credit risk grade groupings:

                    

Grades 1 – 4 (1)

 $729,224,000  $28,390,000  $346,082,000  $503,482,000  $119,473,000 

Grades 5 – 7

  398,378,000   14,730,000   208,060,000   511,280,000   56,968,000 

Grades 8 – 9

  9,817,000   119,000   11,616,000   12,653,000   152,000 

Total commercial

 $1,137,419,000  $43,239,000  $565,758,000  $1,027,415,000  $176,593,000 
Financing Receivable by Origination Year [Table Text Block]
  

2022

  

2021

  

2020

  

2019

  

2018

  

Prior

  

Term Total

  

Revolving

Loans

  

Grand

Total

 

Commercial:

                                    

Commercial and Industrial:

                                    

Grades 1 – 4

 $23,869  $215,466  $59,456  $14,728  $4,966  $11,888  $330,373  $388,894  $719,267 

Grades 5 – 7

  27,468   148,260   73,905   10,949   2,874   850   264,306   151,403   415,709 

Grades 8 – 9

  3,673   4,716   87   0   60   56   8,592   10,246   18,838 

Total

 $55,010  $368,442  $133,448  $25,677  $7,900  $12,794  $603,271  $550,543  $1,153,814 
                                     

Vacant Land, Land Development and Residential Construction:

                                    

Grades 1 – 4

 $7,651  $21,988  $4,099  $0  $0  $453  $34,191  $355  $34,546 

Grades 5 – 7

  4,017   12,444   438   116   0   842   17,857   174   18,031 

Grades 8 – 9

  0   0   0   0   17   99   116   0   116 

Total

 $11,668  $34,432  $4,537  $116  $17  $1,394  $52,164  $529  $52,693 
                                     

Real Estate – Owner Occupied:

                                    

Grades 1 – 4

 $51,926  $186,183  $64,960  $22,202  $18,739  $14,239  $358,249  $0  $358,249 

Grades 5 – 7

  50,222   87,685   46,255   12,241   16,595   9,097   222,095   0   222,095 

Grades 8 – 9

  0   0   48   2,171   169   0   2,388   0   2,388 

Total

 $102,148  $273,868  $111,263  $36,614  $35,503  $23,336  $582,732  $0  $582,732 
                                     

Real Estate – Non-Owner Occupied:

                                    

Grades 1 – 4

 $40,445  $199,956  $146,664  $71,923  $21,200  $17,763  $497,951  $0  $497,951 

Grades 5 – 7

  35,131   193,821   162,866   39,685   15,924   49,330   496,757   0   496,757 

Grades 8 – 9

  0   12,653   0   0   0   0   12,653   0   12,653 

Total

 $75,576  $406,430  $309,530  $111,608  $37,124  $67,093  $1,007,361  $0  $1,007,361 
                                     

Real Estate – Multi-Family and Residential Rental:

                                    

Grades 1 – 4

 $20,158  $59,645  $38,770  $5,905  $3,165  $5,138  $132,781  $0  $132,781 

Grades 5 – 7

  17,570   32,757   15,146   3,992   3,714   1,855   75,034   0   75,034 

Grades 8 – 9

  0   89   0   0   0   58   147   0   147 

Total

 $37,728  $92,491  $53,916  $9,897  $6,879  $7,051  $207,962  $0  $207,962 

Total Commercial

 $282,130  $1,175,663  $612,694  $183,912  $87,423  $111,668  $2,453,490  $551,072  $3,004,562 
                                     

Retail:

                                    

1-4 Family Mortgages

 $67,861  $235,895  $101,123  $16,365  $17,173  $52,618  $491,035  $31,521  $522,556 

Other Consumer Loans

  1,261   4,369   1,915   1,892   807   935   11,179   17,493   28,672 

Total Retail

 $69,122  $240,264  $103,038  $18,257  $17,980  $53,553  $502,214  $49,014  $551,228 
                                     

Grand Total

 $351,252  $1,415,927  $715,732  $202,169  $105,403  $165,221  $2,955,704  $600,086  $3,555,790 
Financing Receivable, Allowance for Credit Loss [Table Text Block]
  

Commercial and industrial

  

Commercial vacant land, land development and residential construction

  

Commercial real estate owner occupied

  

Commercial real estate non-owner occupied

  

Commercial real estate multi-family and residential rental

  

1-4 family mortgages

  

Other consumer loans

  

Unallocated

  

Total

 

Allowance for credit losses:

                                    

Beginning balance

 $10,782  $420  $6,045  $13,301  $1,695  $2,449  $626  $45  $35,363 

Adoption of ASU 2016-13

  (1,571)  (43)  (560)  (2,534)  (621)  5,395   (411)  (55)  (400)

Provision for credit losses

  (742)  106   286   (445)  194   593   (33)  141   100 

Charge-offs

  (170)  (29)  0   0   0   (2)  (4)  0   (205)

Recoveries

  114   1   32   0   8   127   13   0   295 

Ending balance

 $8,413  $455  $5,803  $10,322  $1,276  $8,562  $191  $131  $35,153 
  

Commercial and industrial

  

Commercial vacant land, land development and residential construction

  

Commercial real estate owner occupied

  

Commercial real estate non-owner occupied

  

Commercial real estate

multi-family and residential rental

  

Home equity and other

  

14 family mortgages

  

Unallocated

  

Total

 

Allowance for loan losses:

                                    

Beginning balance

 $9,424  $679  $8,246  $13,611  $1,819  $889  $3,240  $59  $37,967 

Provision for loan losses

  583   40   (181)  140   6   (82)  (337)  131   300 

Charge-offs

  0   (15)  0   0   0   (4)  (33)  0   (52)

Recoveries

  104   16   239   0   0   38   83   0   480 

Ending balance

 $10,111  $720  $8,304  $13,751  $1,825  $841  $2,953  $190  $38,695 
                                     

Ending balance: individually evaluated for impairment

 $62  $0  $47  $7  $0  $230  $141  $0  $487 
                                     

Ending balance: collectively evaluated for impairment

 $10,049  $720  $8,257  $13,744  $1,825  $611  $2,812  $190  $38,208 
                                     

Total loans (*):

                                    

Ending balance

 $1,097,309  $43,239  $565,758  $1,027,415  $176,593  $60,488  $442,547      $3,413,349 
                                     

Ending balance: individually evaluated for impairment

 $5,010  $0  $10,435  $146  $91  $1,247  $2,437      $19,366 
                                     

Ending balance: collectively evaluated for impairment

 $1,092,299  $43,239  $555,323  $1,027,269  $176,502  $59,241  $440,110      $3,393,983 
Financing Receivable, Troubled Debt Restructuring [Table Text Block]
      

Pre-

  

Post-

 
      

Modification

  

Modification

 
      

Recorded

  

Recorded

 
  

Number of

  

Principal

  

Principal

 
  

Contracts

  

Balance

  

Balance

 
             

Commercial:

            

Commercial and industrial

  0  $0  $0 

Vacant land, land development and residential construction

  0   0   0 

Real estate – owner occupied

  0   0   0 

Real estate – non-owner occupied

  0   0   0 

Real estate – multi-family and residential rental

  0   0   0 

Total commercial

  0   0   0 
             

Retail:

            

1-4 family mortgages

  2   128,000   128,000 

Other consumer loans

  0   0   0 

Total retail

  2   128,000   128,000 
             

Total loans

  2  $128,000  $128,000 
      

Pre-

  

Post-

 
      

Modification

  

Modification

 
      

Recorded

  

Recorded

 
  

Number of

  

Principal

  

Principal

 
  

Contracts

  

Balance

  

Balance

 
             

Commercial:

            

Commercial and industrial

  1  $23,000  $22,000 

Vacant land, land development and residential construction

  0   0   0 

Real estate – owner occupied

  0   0   0 

Real estate – non-owner occupied

  0   0   0 

Real estate – multi-family and residential rental

  0   0   0 

Total commercial

  1   23,000   22,000 
             

Retail:

            

Home equity and other

  1   71,000   71,000 

1-4 family mortgages

  1   36,000   36,000 

Total retail

  2   107,000   107,000 
             

Total loans

  3  $130,000  $129,000 
Troubled Debt Restructurings on Financing Receivables with in Previous Twelve Months that Became Over Thirty Days Past Due [Table Text Block]
      

Recorded

 
  

Number of

  

Principal

 
  

Contracts

  

Balance

 

Commercial:

        

Commercial and industrial

  0  $0 

Vacant land, land development and residential construction

  0   0 

Real estate – owner occupied

  0   0 

Real estate – non-owner occupied

  0   0 

Real estate – multi-family and residential rental

  0   0 

Total commercial

  0   0 
         

Retail:

        

1-4 family mortgages

  0   0 

Other consumer loans

  0   0 

Total retail

  0   0 
         

Total

  0  $0 
      

Recorded

 
  

Number of

  

Principal

 
  

Contracts

  

Balance

 

Commercial:

        

Commercial and industrial

  2  $593,000 

Vacant land, land development and residential construction

  0   0 

Real estate – owner occupied

  0   0 

Real estate – non-owner occupied

  0   0 

Real estate – multi-family and residential rental

  0   0 

Total commercial

  2   593,000 
         

Retail:

        

Home equity and other

  0   0 

1-4 family mortgages

  1   6,000 

Total retail

  1   6,000 
         

Total

  3  $599,000 
Trouble Debt Restructuring Activity [Table Text Block]
  

Commercial

and

Industrial

  

Commercial

Vacant Land,

Land Development,

and Residential

Construction

  

Commercial

Real Estate -

Owner

Occupied

  

Commercial

Real Estate -

Non-Owner

Occupied

  

Commercial

Real Estate -

Multi-Family

and Residential

Rental

 
                     

Commercial Loan Portfolio:

                    

Beginning Balance

 $4,973,000  $0  $10,435,000  $146,000  $91,000 

Charge-Offs

  0   0   0   0   0 

Payments

  (212,000

)

  0   (9,677,000

)

  (3,000

)

  (1,000

)

Transfers to ORE

  0   0   0   0   0 

Net Additions/Deletions

  (1,932,000

)

  0   (669,000

)

  0   0 

Ending Balance

 $2,829,000  $0  $89,000  $143,000  $90,000 
  

Retail

  

Retail

 
  

1-4 Family

  

Other Consumer

 
  

Mortgages

  

Loans

 

Retail Loan Portfolio:

        

Beginning Balance

 $627,000  $1,202,000 

Charge-Offs

  0   0 

Payments

  (78,000

)

  (2,000

)

Transfers to ORE

  0   0 

Net Additions/Deletions (1)

  1,797,000   (1,187,000

)

Ending Balance

 $2,346,000  $13,000 
  

Commercial

and

Industrial

  

Commercial

Vacant Land,

Land Development,

and Residential

Construction

  

Commercial

Real Estate -

Owner

Occupied

  

Commercial

Real Estate -

Non-Owner

Occupied

  

Commercial

Real Estate -

Multi-Family

and Residential

Rental

 
                     

Commercial Loan Portfolio:

                    

Beginning Balance

 $6,414,000  $0  $14,797,000  $480,000  $0 

Charge-Offs

  0   0   0   0   0 

Payments

  (2,676,000

)

  0   (910,000

)

  (9,000

)

  0 

Transfers to ORE

  0   0   0   0   0 

Net Additions/Deletions

  22,000   0   0   0   0 

Ending Balance

 $3,760,000  $0  $13,887,000  $471,000  $0 
  

Retail

  

Retail

 
  

Home Equity

  

1-4 Family

 
  

and Other

  

Mortgages

 

Retail Loan Portfolio:

        

Beginning Balance

 $1,146,000  $806,000 

Charge-Offs

  0   0 

Payments

  (118,000

)

  (22,000

)

Transfers to ORE

  0   0 

Net Additions/Deletions

  71,000   36,000 

Ending Balance

 $1,099,000  $820,000 
Retail Portfolio Segment [Member]  
Notes Tables  
Financing Receivable Credit Quality Indicators [Table Text Block]
  

Retail

  

Retail

 
  

1-4 Family

  

Other Consumer

 
  

Mortgages

  

Loans

 
         

Performing

 $520,946,000  $28,670,000 

Nonperforming

  1,610,000   2,000 

Total retail

 $522,556,000  $28,672,000 
  

Retail

  

Retail

 
  

Home Equity

  

1-4 Family

 
  

and Other

  

Mortgages

 
         

Performing

 $60,369,000  $440,861,000 

Nonperforming

  119,000   1,686,000 

Total retail

 $60,488,000  $442,547,000