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Note 4 - Loans

3 Months Ended

Mar. 31, 2023

Notes to Financial Statements

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

Note 4. 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 $1.25 million as of March 31, 2023, and $1.80 million  as of December 31, 2022. Deferred loan fees, net of loan costs, totaled $3.85 million as of March 31, 2023, and $8.81 million  as of December 31, 2022. 

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 $3.85 million and $8.81 million and unamortized discount related to loans acquired of $8.31 million and $3.80 million for March 31, 2023, and December 31, 2022, respectively.  Accrued interest receivable (AIR) of $7.64 million as of  March 31, 2023, and $7.94 million  as of  December 31, 2022, is accounted for separately and reported in Interest Receivable on the Consolidated Balance Sheet.

		March 31, 2023								December 31, 2022
(Amounts in thousands)		Amount				Percent				Amount				Percent
Loans held for investment
Commercial loans
Construction, development, and other land		$	115,023				4.81	%		$	117,174				4.88	%
Commercial and industrial			151,293				6.33	%			150,428				6.27	%
Multi-family residential			148,746				6.23	%			148,026				6.17	%
Single family non-owner occupied			207,632				8.69	%			206,121				8.59	%
Non-farm, non-residential			793,229				33.21	%			787,703				32.82	%
Agricultural			12,042				0.50	%			12,032				0.50	%
Farmland			12,137				0.51	%			11,779				0.49	%
Total commercial loans			1,440,102				60.28	%			1,433,263				59.72	%
Consumer real estate loans
Home equity lines			73,762				3.09	%			75,642				3.15	%
Single family owner occupied			727,202				30.44	%			734,540				30.61	%
Owner occupied construction			10,276				0.43	%			10,366				0.43	%
Total consumer real estate loans			811,240				33.96	%			820,548				34.19	%
Consumer and other loans
Consumer loans			136,310				5.71	%			144,582				6.02	%
Other			1,245				0.05	%			1,804				0.07	%
Total consumer and other loans			137,555				5.76	%			146,386				6.09	%
Total loans held for investment, net of unearned income		$	2,388,897				100.00	%		$	2,400,197				100.00	%

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No definition available.

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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
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//310-10/tableOfContent

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