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Note 4 - Loans

12 Months Ended

Dec. 31, 2023

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 $1.50 million as of December 31, 2023, and $1.80 million as of December 31, 2022. Deferred loan fees were $7.71 million as of December 31, 2023, and $8.81 million as of December 31, 2022. 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 $7.71 million as of December 31, 2023, and $8.81 million as of December 31, 2022. Additionally, included is, the unamortized discount total related to loans acquired of $15.29 million as of December 31, 2023, and $3.80 million as of December 31, 2022. Accrued interest receivable (AIR) of $9.64 million as of December 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.

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

	*December 31,*
	*2023*					*2022*
(Amounts in thousands)	*Amount*		*Percent*			*Amount*		*Percent*
Commercial loans
Construction, development, and other land	$	105,945		4.12	%	$	117,174		4.88	%
Commercial and industrial		211,850		8.24	%		150,428		6.27	%
Multi-family residential		188,382		7.32	%		148,026		6.17	%
Single family non-owner occupied		224,895		8.74	%		206,121		8.59	%
Non-farm, non-residential		894,550		34.78	%		787,703		32.82	%
Agricultural		21,669		0.84	%		12,032		0.50	%
Farmland		14,202		0.55	%		11,779		0.49	%
Total commercial loans		1,661,493		64.59	%		1,433,263		59.72	%
Consumer real estate loans
Home equity lines		87,626		3.41	%		75,642		3.15	%
Single family owner occupied		696,140		27.06	%		734,540		30.61	%
Owner occupied construction		8,445		0.33	%		10,366		0.43	%
Total consumer real estate loans		792,211		30.80	%		820,548		34.19	%
Consumer and other loans
Consumer loans		117,091		4.55	%		144,582		6.02	%
Other		1,503		0.06	%		1,804		0.07	%
Total consumer and other loans		118,594		4.61	%		146,386		6.09	%
Total loans held for investment, net of unearned income	$	2,572,298		100.00	%	$	2,400,197		100.00	%