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Note 3 - Loans | 6 Months Ended
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Jun. 30, 2022
Notes to Financial Statements |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 3. Loans The Company groups loans held for investment into three segments (commercial loans, consumer real estate loans, and consumer and other loans) with each segment divided into various classes. Customer overdrafts reclassified as loans totaled $1.94 million as of June 30, 2022, and $1.65 million as of December 31, 2021. Deferred loan fees, net of loan costs, totaled $3.90 million as of June 30, 2022, and $5.06 million as of December 31, 2021. For information about off-balance sheet financing, see Note 14, “Litigation, Commitments, and Contingencies,” to the Condensed Consolidated Financial Statements of this report. In accordance with the adoption of ASU 2016-13, the table below reflects the loan portfolio at the amortized cost basis to include net deferred loan fees of $3.90 million and $5.06 million and unamortized discount related to loans acquired of $4.50 million and $5.41 million million for June 30, 2022, and December 31, 2021, respectively. Accrued interest receivable (AIR) of $7.11 million as of June 30, 2022, and $7.54 million as of December 31, 2021, is accounted for separately and reported in Interest Receivable on the Consolidated Balance Sheet.
|  | June 30, 2022 |  |  | December 31, 2021 |
(Amounts in thousands) |  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |
Loans held for investment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Construction, development, and other land |  | $ | 92,840 |  |  |  | 4.04 | % |  | $ | 65,806 |  |  |  | 3.04 | %
Commercial and industrial |  |  | 139,792 |  |  |  | 6.08 | % |  |  | 133,630 |  |  |  | 6.17 | %
Multi-family residential |  |  | 124,274 |  |  |  | 5.40 | % |  |  | 100,402 |  |  |  | 4.64 | %
Single family non-owner occupied |  |  | 195,113 |  |  |  | 8.48 | % |  |  | 198,778 |  |  |  | 9.18 | %
Non-farm, non-residential |  |  | 752,369 |  |  |  | 32.72 | % |  |  | 707,506 |  |  |  | 32.67 | %
Agricultural |  |  | 9,987 |  |  |  | 0.43 | % |  |  | 9,341 |  |  |  | 0.43 | %
Farmland |  |  | 12,833 |  |  |  | 0.56 | % |  |  | 15,013 |  |  |  | 0.69 | %
Total commercial loans |  |  | 1,327,208 |  |  |  | 57.71 | % |  |  | 1,230,476 |  |  |  | 56.82 | %
Consumer real estate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Home equity lines |  |  | 78,999 |  |  |  | 3.44 | % |  |  | 79,857 |  |  |  | 3.69 | %
Single family owner occupied |  |  | 722,370 |  |  |  | 31.41 | % |  |  | 703,864 |  |  |  | 32.50 | %
Owner occupied construction |  |  | 17,331 |  |  |  | 0.75 | % |  |  | 16,910 |  |  |  | 0.78 | %
Total consumer real estate loans |  |  | 818,700 |  |  |  | 35.60 | % |  |  | 800,631 |  |  |  | 36.97 | %
Consumer and other loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Consumer loans |  |  | 148,741 |  |  |  | 6.47 | % |  |  | 129,794 |  |  |  | 5.99 | %
Other |  |  | 5,149 |  |  |  | 0.22 | % |  |  | 4,668 |  |  |  | 0.22 | %
Total consumer and other loans |  |  | 153,890 |  |  |  | 6.69 | % |  |  | 134,462 |  |  |  | 6.21 | %
Total loans held for investment, net of unearned income |  | $ | 2,299,798 |  |  |  | 100.00 | % |  | $ | 2,165,569 |  |  |  | 100.00 | %
The Company began participating as a Small Business Administration Paycheck Protection Program lender during the second quarter of 2020. At June 30, 2022, the PPP loans had a current balance of $2.07 million, compared to $20.64 million at December 31, 2021, and were included in commercial and industrial loan balances. Deferred remaining loan origination fees related to the PPP loans, net of deferred loan origination costs, totaled $80 thousand at June 30, 2022, and $733 thousand at December 31, 2021. During the second quarter of 2022, the Company recorded amortization of net deferred loan origination fees of $319 thousand on PPP loans and recorded $654 thousand in amortization for the six month period of 2022 . The Company recorded amortization of net deferred loan origination fees on PPP loans of $608 thousand and $1.53 million in amortization for the same periods, respectively, of 2021. The remaining net deferred loan origination fees will be amortized over the expected life of the respective loans, or until forgiven by the SBA, and will be recognized in net interest income.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI https://asc.fasb.org/subtopic&trid=2196772 + Details
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