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Note 4 - Loans

12 Months Ended

Dec. 31, 2022

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

Note 4. Loans

The Company groups loans 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 $1.80 million as of December 31, 2022, and $1.65 million as of December 31, 2021. Deferred loan fees were $8.81 million as of December 31, 2022, and $5.06 million as of December 31, 2021. For information about off-balance sheet financing, see Note 19, “Litigation, Commitments, and Contingencies,” to the 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 for the periods indicated, to include net deferred loan fees of $8.81 million as of December 31, 2022, and $5.06 million as of December 31, 2021. Additionally, included is, the unamortized discount total related to loans acquired of $3.80 million as of December 31, 2022, and $5.41 million as of December 31, 2021. Accrued interest receivable (AIR) of $7.94 million as of December 31, 2022, and $7.54 million as of December 31, 2021 , is accounted for separately and reported in Interest Receivable on the Consolidated Balance Sheet.

The following table presents loans, net of unearned income by loan class, as of the dates indicated:

	*December 31,*
	*2022*					*2021*
(Amounts in thousands)	*Amount*		*Percent*			*Amount*		*Percent*
Commercial loans
Construction, development, and other land	$	117,174		4.88	%	$	65,806		3.04	%
Commercial and industrial		150,428		6.27	%		133,630		6.17	%
Multi-family residential		148,026		6.17	%		100,402		4.64	%
Single family non-owner occupied		206,121		8.59	%		198,778		9.18	%
Non-farm, non-residential		787,703		32.82	%		707,506		32.67	%
Agricultural		12,032		0.50	%		9,341		0.43	%
Farmland		11,779		0.49	%		15,013		0.69	%
Total commercial loans		1,433,263		59.72	%		1,230,476		56.82	%
Consumer real estate loans
Home equity lines		75,642		3.15	%		79,857		3.69	%
Single family owner occupied		734,540		30.61	%		703,864		32.50	%
Owner occupied construction		10,366		0.43	%		16,910		0.78	%
Total consumer real estate loans		820,548		34.19	%		800,631		36.97	%
Consumer and other loans
Consumer loans		144,582		6.02	%		129,794		5.99	%
Other		1,804		0.07	%		4,668		0.22	%
Total consumer and other loans		146,386		6.09	%		134,462		6.21	%
Total loans held for investment, net of unearned income	$	2,400,197		100.00	%	$	2,165,569		100.00	%

The Company began participating as a Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) lender during the second quarter of 2020. At December 31, 2022, there was no remaining balance of PPP loans, compared to $20.64 million at December 31, 2021 which were included in commercial and industrial loan balances. There were no remaining net deferred loan origination fees related to the PPP loans, net of deferred loan origination costs at December 31, 2022. At December 31, 2021 , the amount of net deferred loan origination fees related to PPP loans was $733 thousand. During 2022, the Company recorded amortization of net deferred loan origination fees of $733 thousand on PPP loans, compared with $2.74 million for 2021.