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Note 4 - Loans

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

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 $1.82 million as of December 31, 2024, and $1.50 million as of December 31, 2023. Deferred loan fees were $6.60 million as of December 31, 2024, and $7.71 million as of December 31, 2023. 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 $6.60 million as of December 31, 2024, and $7.71 million as of December 31, 2023.  Additionally, included is, the unamortized discount total related to loans acquired of $12.39 million as of  December 31, 2024, and $15.29 million as of  December 31, 2023.  Accrued interest receivable of $8.51 million as of December 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.

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

		December 31,
		2024								2023
(Amounts in thousands)		Amount				Percent				Amount				Percent
Commercial loans
Construction, development, and other land		$	72,319				2.99	%		$	105,945				4.12	%
Commercial and industrial			232,854				9.64	%			211,850				8.24	%
Multi-family residential			199,521				8.26	%			188,382				7.32	%
Single family non-owner occupied			195,588				8.10	%			224,895				8.74	%
Non-farm, non-residential			852,223				35.27	%			894,550				34.78	%
Agricultural			16,676				0.69	%			21,669				0.84	%
Farmland			12,311				0.51	%			14,202				0.55	%
Total commercial loans			1,581,492				65.46	%			1,661,493				64.59	%
Consumer real estate loans
Home equity lines			90,227				3.73	%			87,626				3.41	%
Single family owner occupied			650,306				26.92	%			696,140				27.06	%
Owner occupied construction			4,491				0.19	%			8,445				0.33	%
Total consumer real estate loans			745,024				30.84	%			792,211				30.80	%
Consumer and other loans
Consumer loans			87,758				3.63	%			117,091				4.55	%
Other			1,815				0.08	%			1,503				0.06	%
Total consumer and other loans			89,573				3.71	%			118,594				4.61	%
Total loans held for investment, net of unearned income		$	2,416,089				100.00	%		$	2,572,298				100.00	%

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- Definition

The entire disclosure for claims held for amounts due to 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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

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