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Note 4 - Loans

9 Months Ended

Sep. 30, 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 $1.74 million as of September 30, 2023, and $1.80 million  as of December 31, 2022. Deferred loan fees, net of loan costs, totaled $7.76 million as of September 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 $7.76 million and $8.81 million and unamortized discount related to loans acquired of $16.08 million and $3.80 million for September 30, 2023, and December 31, 2022, respectively.  Accrued interest receivable of $9.35 million as of  September 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.

		September 30, 2023								December 31, 2022
(Amounts in thousands)		Amount				Percent				Amount				Percent
Loans held for investment
Commercial loans
Construction, development, and other land		$	113,790				4.39	%		$	117,174				4.88	%
Commercial and industrial			213,541				8.23	%			150,428				6.27	%
Multi-family residential			169,245				6.53	%			148,026				6.17	%
Single family non-owner occupied			230,836				8.90	%			206,121				8.59	%
Non-farm, non-residential			896,555				34.57	%			787,703				32.82	%
Agricultural			22,146				0.85	%			12,032				0.50	%
Farmland			15,997				0.62	%			11,779				0.49	%
Total commercial loans			1,662,110				64.09	%			1,433,263				59.72	%
Consumer real estate loans
Home equity lines			88,224				3.40	%			75,642				3.15	%
Single family owner occupied			703,789				27.14	%			734,540				30.61	%
Owner occupied construction			10,692				0.41	%			10,366				0.43	%
Total consumer real estate loans			802,705				30.95	%			820,548				34.19	%
Consumer and other loans
Consumer loans			126,917				4.89	%			144,582				6.02	%
Other			1,740				0.07	%			1,804				0.07	%
Total consumer and other loans			128,657				4.96	%			146,386				6.09	%
Total loans held for investment, net of unearned income		$	2,593,472				100.00	%		$	2,400,197				100.00	%

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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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