XML 36 R27.htm IDEA: XBRL DOCUMENT v3.23.3
Note 5 - Credit Quality (Tables)
9 Months Ended
Sep. 30, 2023
Notes Tables  
Financing Receivable Credit Quality Indicators [Table Text Block]
  

September 30, 2023

 
      

Special

                 

(Amounts in thousands)

 

Pass

  

Mention

  

Substandard

  

Doubtful

  

Loss

  

Total

 

Commercial loans

                        

Construction, development, and other land

 $111,792  $1,567  $431  $-  $-  $113,790 

Commercial and industrial

  209,349   1,881   2,311   -   -   213,541 

Multi-family residential

  165,500   3,558   187   -   -   169,245 

Single family non-owner occupied

  221,021   2,039   7,776   -   -   230,836 

Non-farm, non-residential

  864,326   19,858   12,371   -   -   896,555 

Agricultural

  16,497   3,954   1,695   -   -   22,146 

Farmland

  14,246   498   1,253   -   -   15,997 

Consumer real estate loans

                        

Home equity lines

  84,681   653   2,890   -   -   88,224 

Single family owner occupied

  677,149   2,402   24,238   -   -   703,789 

Owner occupied construction

  10,692   -   -   -   -   10,692 

Consumer and other loans

                        

Consumer loans

  124,372   8   2,537   -   -   126,917 

Other

  1,740   -   -   -   -   1,740 

Total loans

 $2,501,365  $36,418  $55,689  $-  $-  $2,593,472 
  

December 31, 2022

 
      

Special

                 

(Amounts in thousands)

 

Pass

  

Mention

  

Substandard

  

Doubtful

  

Loss

  

Total

 
                         

Commercial loans

                        

Construction, development, and other land

 $115,972  $853  $349  $-  $-  $117,174 

Commercial and industrial

  147,543   920   1,965   -   -   150,428 

Multi-family residential

  143,859   3,946   221   -   -   148,026 

Single family non-owner occupied

  195,775   2,303   8,043   -   -   206,121 

Non-farm, non-residential

  761,154   14,903   11,646   -   -   787,703 

Agricultural

  11,722   47   263   -   -   12,032 

Farmland

  9,868   573   1,338   -   -   11,779 

Consumer real estate loans

                        

Home equity lines

  72,927   288   2,427   -   -   75,642 

Single family owner occupied

  706,952   1,958   25,630   -   -   734,540 

Owner occupied construction

  10,204   -   162   -   -   10,366 

Consumer and other loans

                        

Consumer loans

  141,551   11   3,020   -   -   144,582 

Other

  1,804   -   -   -   -   1,804 

Total loans

 $2,319,331  $25,802  $55,064  $-  $-  $2,400,197 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at September 30, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Construction, development and other land

                                

Pass

 $9,463  $66,682  $21,568  $4,214  $2,768  $4,409  $2,688  $111,792 

Special mention

  -   1,328   -   156   -   83   -   1,567 

Substandard

  -   -   -   -   181   250   -   431 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total construction, development, and other land

 $9,463  $68,010  $21,568  $4,370  $2,949  $4,742  $2,688  $113,790 

Current period gross write-offs

 $-  $-  $-  $-  $13  $-  $-  $13 

Commercial and industrial

                                

Pass

 $34,735  $68,271  $21,700  $12,935  $6,447  $14,313  $50,948  $209,349 

Special mention

  -   466   19   9   377   910   100   1,881 

Substandard

  120   395   401   110   540   745   -   2,311 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total commercial and industrial

 $34,855  $69,132  $22,120  $13,054  $7,364  $15,968  $51,048  $213,541 

Current period gross write-offs

 $-  $169  $143  $37  $32  $-  $-  $381 

Multi-family residential

                                

Pass

 $3,854  $48,919  $36,874  $30,303  $3,308  $38,420  $3,822  $165,500 

Special mention

  -   -   -   -   -   3,558   -   3,558 

Substandard

  -   -   -   -   -   187   -   187 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total multi-family residential

 $3,854  $48,919  $36,874  $30,303  $3,308  $42,165  $3,822  $169,245 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Non-farm, non-residential

                                

Pass

 $63,691  $239,671  $151,689  $118,814  $54,564  $224,907  $10,990  $864,326 

Special mention

  65   588   4,229   1,013   -   13,920   43   19,858 

Substandard

  1,204   241   1,980   522   3,214   4,989   221   12,371 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total non-farm, non-residential

 $64,960  $240,500  $157,898  $120,349  $57,778  $243,816  $11,254  $896,555 

Current period gross write-offs

 $-  $8  $-  $-  $-  $4  $-  $12 

Agricultural

                                

Pass

 $4,441  $4,863  $2,604  $773  $723  $2,203  $890  $16,497 

Special mention

  29   281   189   10   97   3,348   -   3,954 

Substandard

  -   24   110   -   1,301   260   -   1,695 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total agricultural

 $4,470  $5,168  $2,903  $783  $2,121  $5,811  $890  $22,146 

Current period gross write-offs

 $-  $59  $-  $10  $13  $8  $-  $90 

Farmland

                                

Pass

 $1,197  $1,614  $1,641  $950  $766  $7,242  $836  $14,246 

Special mention

  -   -   106   -   -   392   -   498 

Substandard

  -   -   -   -   -   1,253   -   1,253 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total farmland

 $1,197  $1,614  $1,747  $950  $766  $8,887  $836  $15,997 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at September 30, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Home equity lines

                                

Pass

 $393  $914  $94  $74  $70  $4,098  $79,038  $84,681 

Special mention

  -   -   -   -   -   48   605   653 

Substandard

  -   12   -   27   35   1,827   989   2,890 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total home equity lines

 $393  $926  $94  $101  $105  $5,973  $80,632  $88,224 

Current period gross write-offs

 $-  $-  $20  $-  $-  $199  $-  $219 

Single family Mortgage

                                

Pass

 $42,236  $167,274  $224,320  $196,018  $46,274  $221,612  $436  $898,170 

Special mention

  -   -   469   96   109   3,767   -   4,441 

Substandard

  107   468   1,470   1,345   1,486   27,138   -   32,014 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total single family owner and non-owner occupied

 $42,343  $167,742  $226,259  $197,459  $47,869  $252,517  $436  $934,625 

Current period gross write-offs

 $-  $-  $47  $-  $-  $185  $-  $232 

Owner occupied construction

                                

Pass

 $2,093  $5,826  $2,343  $-  $27  $403  $-  $10,692 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total owner occupied construction

 $2,093  $5,826  $2,343  $-  $27  $403  $-  $10,692 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Consumer loans

                                

Pass

 $29,131  $49,752  $24,035  $9,264  $4,051  $1,307  $8,572  $126,112 

Special mention

  -   -   3   -   3   -   2   8 

Substandard

  159   942   599   384   192   200   61   2,537 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total consumer loans

 $29,290  $50,694  $24,637  $9,648  $4,246  $1,507  $8,635  $128,657 

Current period gross write-offs

 $772  $2,726  $1,549  $391  $163  $44  $128  $5,773 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at September 30, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Total loans

                                

Pass

 $191,234  $653,786  $486,868  $373,345  $118,998  $518,914  $158,220  $2,501,365 

Special mention

  94   2,663   5,015   1,284   586   26,026   750   36,418 

Substandard

  1,590   2,082   4,560   2,388   6,949   36,849   1,271   55,689 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total loans

 $192,918  $658,531  $496,443  $377,017  $126,533  $581,789  $160,241  $2,593,472 

Current period gross write-offs

 $772  $2,962  $1,759  $438  $221  $440  $128  $6,720 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at December 31, 2022

 

2022

  

2021

  

2020

  

2019

  

2018

  

Prior

  

Revolving

  

Total

 

Construction, development

                                

and other land

                                

Pass

 $58,770  $39,995  $4,602  $3,050  $2,485  $5,608  $1,462  $115,972 

Special mention

  -   225   -   -   94   534   -   853 

Substandard

  -   -   267   71   11   -   -   349 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total construction, development, and other land

 $58,770  $40,220  $4,869  $3,121  $2,590  $6,142  $1,462  $117,174 

Commercial and industrial

                                

Pass

 $69,678  $23,746  $12,047  $7,729  $9,121  $8,890  $16,332  $147,543 

Special mention

  227   20   21   367   185   1   99   920 

Substandard

  130   112   114   620   192   797   -   1,965 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total commercial and industrial

 $70,035  $23,878  $12,182  $8,716  $9,498  $9,688  $16,431  $150,428 

Multi-family residential

                                

Pass

 $45,261  $20,881  $31,087  $3,733  $1,328  $41,063  $506  $143,859 

Special mention

  -   -   -   -   -   3,946   -   3,946 

Substandard

  -   -   -   -   -   221   -   221 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total multi-family residential

 $45,261  $20,881  $31,087  $3,733  $1,328  $45,230  $506  $148,026 

Non-farm, non-residential

                                

Pass

 $218,595  $145,675  $114,840  $52,575  $35,564  $185,448  $8,457  $761,154 

Special mention

  -   1,927   852   1,193   2,708   8,076   147   14,903 

Substandard

  -   1,267   675   2,509   1,531   5,664   -   11,646 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total non-farm, non-residential

 $218,595  $148,869  $116,367  $56,277  $39,803  $199,188  $8,604  $787,703 

Agricultural

                                

Pass

 $6,244  $3,225  $1,003  $376  $154  $214  $506  $11,722 

Special mention

  -   33   14   -   -   -   -   47 

Substandard

  124   37   1   66   24   11   -   263 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total agricultural

 $6,368  $3,295  $1,018  $442  $178  $225  $506  $12,032 

Farmland

                                

Pass

 $646  $713  $796  $77  $869  $6,150  $617  $9,868 

Special mention

  -   109   -   -   222   242   -   573 

Substandard

  -   -   12   -   253   1,073   -   1,338 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total farmland

 $646  $822  $808  $77  $1,344  $7,465  $617  $11,779 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at December 31, 2022

 

2022

  

2021

  

2020

  

2019

  

2018

  

Prior

  

Revolving

  

Total

 

Home equity lines

                                

Pass

 $1,960  $198  $241  $-  $24  $7,429  $63,075  $72,927 

Special mention

  -   -   -   -   -   117   171   288 

Substandard

  -   -   27   35   114   1,253   998   2,427 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total home equity lines

 $1,960  $198  $268  $35  $138  $8,799  $64,244  $75,642 

Single family Mortgage

                                

Pass

 $157,890  $237,363  $207,480  $48,795  $36,678  $214,148  $373  $902,727 

Special mention

  -   376   90   363   262   3,170   -   4,261 

Substandard

  461   1,196   740   1,217   1,991   28,068   -   33,673 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total single family owner and non-owner occupied

 $158,351  $238,935  $208,310  $50,375  $38,931  $245,386  $373  $940,661 

Owner occupied construction

                                

Pass

 $6,357  $3,344  $-  $23  $11  $469  $-  $10,204 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   162   -   -   -   -   162 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total owner occupied construction

 $6,357  $3,344  $162  $23  $11  $469  $-  $10,366 

Consumer loans

                                

Pass

 $69,579  $37,603  $16,033  $7,640  $2,528  $2,040  $7,932  $143,355 

Special mention

  -   5   -   6   -   -   -   11 

Substandard

  881   1,002   466   416   36   159   60   3,020 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total consumer loans

 $70,460  $38,610  $16,499  $8,062  $2,564  $2,199  $7,992  $146,386 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at December 31, 2022

 

2022

  

2021

  

2020

  

2019

  

2018

  

Prior

  

Revolving

  

Total

 

Total loans

                                

Pass

 $634,980  $512,743  $388,129  $123,998  $88,762  $471,459  $99,260  $2,319,331 

Special mention

  227   2,695   977   1,929   3,471   16,086   417   25,802 

Substandard

  1,596   3,614   2,464   4,934   4,152   37,246   1,058   55,064 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total loans

 $636,803  $519,052  $391,570  $130,861  $96,385  $524,791  $100,735  $2,400,197 
Financing Receivable, Nonaccrual [Table Text Block]
  

September 30, 2023

  

December 31, 2022

 

(Amounts in thousands)

 

No Allowance

  

With an Allowance

  

Total

  

No Allowance

  

With an Allowance

  

Total

 

Commercial loans

                        

Construction, development, and other land

 $178  $-  $178  $31  $-  $31 

Commercial and industrial

  654   -   654   438   -   438 

Multi-family residential

  187   -   187   220   -   220 

Single family non-owner occupied

  968   -   968   984   -   984 

Non-farm, non-residential

  1,149   1,203   2,352   1,771   -   1,771 

Agricultural

  1,379   -   1,379   9   -   9 

Farmland

  123   -   123   133   -   133 

Consumer real estate loans

                        

Home equity lines

  1,318   -   1,318   400   -   400 

Single family owner occupied

  9,209   -   9,209   8,228   589   8,817 

Owner occupied construction

  -   -   -   -   -   - 

Consumer and other loans

                        

Consumer loans

  1,998   -   1,998   2,405   -   2,405 

Total nonaccrual loans

 $17,163  $1,203  $18,366  $14,619  $589  $15,208 
Financing Receivable, Past Due [Table Text Block]
  September 30, 2023 
                          Amortized Cost of 
  

30 - 59 Days

  

60 - 89 Days

  

90+ Days

  

Total

  

Current

  

Total

  > 90 Days Accruing 

(Amounts in thousands)

 

Past Due

  

Past Due

  

Past Due

  

Past Due

  

Loans

  

Loans

  

No Allowance

 
                             

Commercial loans

                            

Construction, development, and other land

 $198  $7  $23  $228  $113,562  $113,790  $- 

Commercial and industrial

  729   1,109   279   2,117   211,424   213,541   - 

Multi-family residential

  185   -   -   185   169,060   169,245   - 

Single family non-owner occupied

  1,067   165   106   1,338   229,498   230,836   - 

Non-farm, non-residential

  975   120   205   1,300   895,255   896,555   - 

Agricultural

  423   -   1,379   1,802   20,344   22,146   - 

Farmland

  -   -   -   -   15,997   15,997   - 

Consumer real estate loans

                            

Home equity lines

  376   345   877   1,598   86,626   88,224   - 

Single family owner occupied

  4,366   1,825   4,211   10,402   693,387   703,789   - 

Owner occupied construction

  196   -   -   196   10,496   10,692   - 

Consumer and other loans

                            

Consumer loans

  3,930   1,330   953   6,213   120,704   126,917   - 

Other

  -   -   -   -   1,740   1,740   - 

Total loans

 $12,445  $4,901  $8,033  $25,379  $2,568,093  $2,593,472  $- 
  

December 31, 2022

 
                          

Amortized Cost of

 
  

30 - 59 Days

  

60 - 89 Days

  

90+ Days

  

Total

  

Current

  

Total

  

> 90 Days Accruing

 

(Amounts in thousands)

 

Past Due

  

Past Due

  

Past Due

  

Past Due

  

Loans

  

Loans

  

No Allowance

 
                             

Commercial loans

                            

Construction, development, and other land

 $393  $8  $23  $424  $116,750  $117,174  $- 

Commercial and industrial

  756   129   217   1,102   149,326   150,428   - 

Multi-family residential

  -   -   83   83   147,943   148,026   - 

Single family non-owner occupied

  990   122   299   1,411   204,710   206,121   - 

Non-farm, non-residential

  646   52   548   1,246   786,457   787,703   - 

Agricultural

  36   135   9   180   11,852   12,032   - 

Farmland

  -   -   133   133   11,646   11,779   - 

Consumer real estate loans

                            

Home equity lines

  519   115   262   896   74,746   75,642   - 

Single family owner occupied

  5,951   2,322   3,166   11,439   723,101   734,540   - 

Owner occupied construction

  -   -   -   -   10,366   10,366   - 

Consumer and other loans

                            

Consumer loans

  4,282   1,960   1,459   7,701   136,881   144,582   - 

Other

  -   -   -   -   1,804   1,804   - 

Total loans

 $13,573  $4,843  $6,199  $24,615  $2,375,582  $2,400,197  $- 
Collateral Dependent Loans [Table Text Block]
  

September 30, 2023

  

December 31, 2022

 

(Amounts in thousands)

 

Balance

  

Collateral Coverage

  

%

  

Balance

  

Collateral Coverage

  

%

 

Commercial Real Estate

                        

Hotel

 $-  $-   -  $-  $-   - 

Office

  -   -   -   -   -   - 

Other

  1,203   825   68.58%  -   -   - 

Retail

  -   -   -   -   -   - 

Multi-Family

                        

Industrial

  -   -   -   -   -   - 

Office

  -   -   -   -   -   - 

Other

  -   -   -   -   -   - 

Commercial and industrial

                        

Industrial

  -   -   -   -   -   - 

Other

  -   -   -   -   -   - 

Home equity loans

  -   -   -   -   -   - 

Consumer owner occupied

  -   -   -   589   574   97.45%

Consumer

  -   -   -   -   -   - 

Total collateral dependent loans

 $1,203  $825   68.58% $589  $574   97.45%
Financing Receivable, Modified [Table Text Block]
  

Payment Delays

  

Amortized Cost Basis

  

% of Total Class of

  
  

September 30, 2023

  

Financing Receivable

 

Financial Effect

          

(Amounts in thousands)

         

Non farm, non residential property

 $661   0.07%

Deferred six months of interest to loan maturity.

Single family owner occupied

  562   0.08%

Deferred $66 thousand in principal to loan maturity

Total

 $1,223      
          
  

Term Extensions

  

Amortized Cost Basis

  

% of Total Class of

  
  

September 30, 2023

  

Financing Receivable

 

Financial Effect

          

(Amounts in thousands)

         

Consumer

 $7   0.01%

Extended term from 60 to 84 months

Total

 $7      
          
          
  

Principal Forgiveness

  

Amortized Cost Basis

  

% of Total Class of

  
  

September 30, 2023

  

Financing Receivable

 

Financial Effect

          

(Amounts in thousands)

         

Single family owner occupied

 $7   0.00%

Reduced amortized cost basis by $13 thousand

Total

 $7      
          
          
  

Term Extension and Rate Reduction

  

Amortized Cost Basis

  

% of Total Class of

  
  

September 30, 2023

  

Financing Receivable

 

Financial Effect

          

(Amounts in thousands)

         

Single family owner occupied

 $437   0.06%

Reduced interest income and extended time to recover principal.

Total

 $437      
  

September 30, 2023

 
  

Payment Status (Amortized Cost Basis)

 
  

Current

  

30-89 Days Past Due

  

90+ Days Past Due

 
             

(Amounts in thousands)

            

Non farm, non residential property

 $661  $-  $- 

Single family owner occupied

  744   262   - 

Consumer

  7   -   - 

Total

 $1,412  $262  $- 
  

Three Months Ended September 30,

 
  

2022

 

(Amounts in thousands)

 

Total Contracts

  Pre-modification Recorded Investment  Post-modification Recorded Investment(1) 

Payment deferral

            

Single family owner occupied

  1  $94  $72 

Total

  1  $94  $72 
  

Nine Months Ended September 30,

 
  

2022

 

(Amounts in thousands)

 

Total Contracts

  Pre-modification Recorded Investment  Post-modification Recorded Investment(1) 

Below market interest rate

            

Single family owner occupied

  1  $31  $32 

Total below market interest rate

  1   31   32 

Below market interest rate and extended payment term

            

Single family owner occupied

  3  $331  $317 

Total below market interest rate and extended payment term

  3  $331  $317 

Total

  4  $362  $349 
Trouble Debt Restructuring Accrual Status [Table Text Block]
  

December 31, 2022

 

(Amounts in thousands)

 

Nonaccrual(1)

  

Accruing

  

Total

 

Commercial loans

            

Commercial and industrial

 $-  $374  $374 

Single family non-owner occupied

  142   838   980 

Non-farm, non-residential

  -   747   747 

Consumer real estate loans

            

Home equity lines

  -   55   55 

Single family owner occupied

  1,182   5,073   6,255 

Owner occupied construction

  -   -   - 

Consumer and other loans

            

Consumer loans

  -   25   25 

Total TDRs

 $1,324  $7,112  $8,436 
             

Allowance for credit losses related to TDRs

         $- 
Interest Income Related to Troubled Debt Restructurings [Table Text Block]
  

Three Months Ended September 30,

  

Nine Months Ended September 30,

 
  

2022

  

2022

 

(Amounts in thousands)

        

Interest income recognized

 $97  $299 
Other Real Estate Owned [Table Text Block]
  

September 30, 2023

  

December 31, 2022

 

(Amounts in thousands)

        

OREO

 $243  $703 
         

OREO secured by residential real estate

 $243  $407 

Residential real estate loans in the foreclosure process(1)

 $1,966  $1,474