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Note 4 - Loans

3 Months Ended

Mar. 31, 2024

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 $1.39 million as of March 31, 2024, and $1.50 million as of December 31, 2023. Deferred loan fees, net of loan costs, totaled $7.27 million as of March 31, 2024, and $7.71 million as of December 31, 2023.

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 $7.27 million and $7.71 million and unamortized discount related to loans acquired of $14.51 million and $15.29 million for March 31, 2024, and December 31, 2023, respectively. Accrued interest receivable of $9.59 million as of March 31, 2024, and $9.64 million as of December 31, 2023, is accounted for separately and reported in Interest Receivable on the Consolidated Balance Sheet.

		*March 31, 2024*								*December 31, 2023*
(Amounts in thousands)		*Amount*				*Percent*				*Amount*				*Percent*
Loans held for investment
Commercial loans
Construction, development, and other land		$	88,841				3.53	%		$	105,945				4.12	%
Commercial and industrial			203,530				8.08	%			211,850				8.24	%
Multi-family residential			194,188				7.71	%			188,382				7.32	%
Single family non-owner occupied			219,669				8.72	%			224,895				8.74	%
Non-farm, non-residential			887,255				35.21	%			894,550				34.78	%
Agricultural			19,763				0.78	%			21,669				0.84	%
Farmland			13,572				0.53	%			14,202				0.55	%
Total commercial loans			1,626,818				64.56	%			1,661,493				64.59	%
Consumer real estate loans
Home equity lines			87,181				3.46	%			87,626				3.41	%
Single family owner occupied			687,810				27.30	%			696,140				27.06	%
Owner occupied construction			5,848				0.23	%			8,445				0.33	%
Total consumer real estate loans			780,839				30.99	%			792,211				30.80	%
Consumer and other loans
Consumer loans			110,787				4.40	%			117,091				4.55	%
Other			1,389				0.05	%			1,503				0.06	%
Total consumer and other loans			112,176				4.45	%			118,594				4.61	%
Total loans held for investment, net of unearned income		$	2,519,833				100.00	%		$	2,572,298				100.00	%