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Note 4 - Loans

6 Months Ended

Jun. 30, 2023

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 $1.59 million as of June 30, 2023, and $1.80 million as of December 31, 2022. Deferred loan fees, net of loan costs, totaled $7.98 million as of June 30, 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 $7.98 million and $8.81 million and unamortized discount related to loans acquired of $16.95 million and $3.80 million for June 30, 2023, and December 31, 2022, respectively. Accrued interest receivable of $8.91 million as of June 30, 2023, and $7.94 million as of December 31, 2022, is accounted for separately and reported in Interest Receivable on the Consolidated Balance Sheet.

	*June 30, 2023*					*December 31, 2022*
(Amounts in thousands)	*Amount*		*Percent*			*Amount*		*Percent*
Loans held for investment
Commercial loans
Construction, development, and other land	$	112,213		4.28	%	$	117,174		4.88	%
Commercial and industrial		214,962		8.20	%		150,428		6.27	%
Multi-family residential		164,017		6.26	%		148,026		6.17	%
Single family non-owner occupied		228,363		8.71	%		206,121		8.59	%
Non-farm, non-residential		904,777		34.52	%		787,703		32.82	%
Agricultural		22,106		0.84	%		12,032		0.50	%
Farmland		15,822		0.60	%		11,779		0.49	%
Total commercial loans		1,662,260		63.41	%		1,433,263		59.72	%
Consumer real estate loans
Home equity lines		89,701		3.42	%		75,642		3.15	%
Single family owner occupied		722,769		27.58	%		734,540		30.61	%
Owner occupied construction		11,198		0.43	%		10,366		0.43	%
Total consumer real estate loans		823,668		31.43	%		820,548		34.19	%
Consumer and other loans
Consumer loans		133,559		5.10	%		144,582		6.02	%
Other		1,586		0.06	%		1,804		0.07	%
Total consumer and other loans		135,145		5.16	%		146,386		6.09	%
Total loans held for investment, net of unearned income	$	2,621,073		100.00	%	$	2,400,197		100.00	%