XML 30 R14.htm IDEA: XBRL DOCUMENT

Note 6 - Allowance for Credit Losses

12 Months Ended

Dec. 31, 2021

Allowance for Credit Losses [Text Block]

Note 6. Allowance for Credit Losses

The following tables present the changes in the allowance for credit/loan losses, by loan segment, during the periods indicated.

	*Year Ended December 31, 2021*
(Amounts in thousands)	*Commercial*			*Consumer Real Estate*			*Consumer and Other*			*Total Allowance*
Beginning balance	$	14,661		$	8,951		$	2,570		$	26,182
Cumulative effect of adoption of ASU 2016-13		8,360			4,145			602			13,107
Provision for (recovery of) credit/loan losses charged to operations		(6,949	)		(3,653	)		2,131			(8,471	)
Charge-offs		(3,431	)		(318	)		(3,025	)		(6,774	)
Recoveries		2,134			847			833			3,814
Net (charge-offs) recoveries		(1,297	)		529			(2,192	)		(2,960	)
Ending balance	$	14,775		$	9,972		$	3,111		$	27,858

	*Year Ended December 31, 2020*
(Amounts in thousands)	*Commercial*			*Consumer Real Estate*			*Consumer and Other*			*Total Allowance*
Beginning balance	$	10,235		$	6,325		$	1,865		$	18,425
Provision for loan losses charged to operations		6,583			2,760			3,325			12,668
Charge-offs		(2,769	)		(558	)		(3,296	)		(6,623	)
Recoveries		612			424			676			1,712
Net charge-offs		(2,157	)		(134	)		(2,620	)		(4,911	)
Ending balance	$	14,661		$	8,951		$	2,570		$	26,182

The following tables present the allowance for loan losses and recorded investment in loans evaluated for impairment, excluding PCI loans, by loan class, as of the dates indicated prior to the adoption of ASU 2016-13:

	*December 31, 2020*
(Amounts in thousands)	*Loans Individually Evaluated for Impairment*		*Allowance for Loans Individually Evaluated*		*Loans Collectively Evaluated for Impairment*		*Allowance for Loans Collectively Evaluated*
Commercial loans
Construction, development, and other land	$	—	$	—	$	43,716	$	528
Commercial and industrial		724		—		171,486		1,024
Multi-family residential		695		—		112,852		1,417
Single family non-owner occupied		1,041		—		183,283		1,861
Non-farm, non-residential		3,916		319		714,160		9,097
Agricultural		—		—		9,728		218
Farmland		—		—		17,540		196
Total commercial loans		6,376		319		1,252,765		14,341
Consumer real estate loans
Home equity lines		—		—		95,765		799
Single family owner occupied		1,673		108		647,040		7,849
Owner occupied construction		—		—		17,567		195
Total consumer real estate loans		1,673		108		760,372		8,843
Consumer and other loans
Consumer loans		—		—		119,770		2,570
Other		—		—		6,014		—
Total consumer and other loans		—		—		125,784		2,570
Total loans, excluding PCI loans	$	8,049	$	427	$	2,138,921	$	25,754

The following table presents the allowance for loan losses on PCI loans and recorded investment in PCI loans, by loan pool, as of the dates indicated prior to the adoption of ASU 2016-13:

	*December 31, 2020*
(Amounts in thousands)	*Recorded Investment*		*Allowance for Loan Pools With Impairment*
Commercial loans
Highlands:
1-4 family, senior-commercial	$	—	$	—
Construction & land development		958		—
Farmland and other agricultural		2,242		—
Multifamily		1,614		—
Commercial real estate-owner occupied		16,717		—
Commercial real estate- non-owner occupied		3,459		—
Commercial and industrial		814		—
Other		—		—
Total commercial loans		25,804		—
Consumer real estate loans
Highlands:
1-4 family, junior and HELOCS		761		—
1-4 family, senior-consumer		12,494		—
Consumer		603		—
Total consumer real estate loans		13,858		—
Total PCI loans	$	39,662	$	—

Management believes the allowance was adequate to absorb probable loan losses inherent in the loan portfolio as of December 31, 2021.