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Note 6 - Loans and Allowance for Loan Losses (Tables)
3 Months Ended
Mar. 31, 2016
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   
March 31
, 201
6
 
   
FUSB
   
ALC
   
Total
 
   
(Dollars in Thousands)
 
Real estate loans:
                       
Construction, land development and other land loans
  $ 18,023     $     $ 18,023  
Secured by 1-4 family residential properties
    30,623       16,265       46,888  
Secured by multi-family residential properties
    11,580             11,580  
Secured by non-farm, non-residential properties
    82,754             82,754  
Other
    168             168  
Commercial and industrial loans
    34,568             34,568  
Consumer loans
    6,614       74,669       81,283  
Other loans
    407             407  
Total loans
    184,737       90,934       275,671  
Less: Unearned interest, fees and deferred cost
    174       8,147       8,321  
Allowance for loan losses
    1,068       2,307       3,375  
Net loans
  $ 183,495     $ 80,480     $ 263,975  
   
December 31, 201
5
 
   
FUSB
   
ALC
   
Total
 
   
(Dollars in Thousands)
 
Real estate loans:
                       
Construction, land development and other land loans
  $ 11,827     $     $ 11,827  
Secured by 1-4 family residential properties
    30,730       17,233       47,963  
Secured by multi-family residential properties
    11,845             11,845  
Secured by non-farm, non-residential properties
    83,883             83,883  
Other
    115             115  
Commercial and industrial loans
    29,377             29,377  
Consumer loans
    7,057       76,131       83,188  
Other loans
    379             379  
Total loans
    175,213       93,364       268,577  
Less: Unearned interest, fees and deferred cost
    149       9,215       9,364  
Allowance for loan losses
    1,329       2,452       3,781  
Net loans
  $ 173,735     $ 81,697     $ 255,432  
Allowance for Credit Losses on Financing Receivables [Table Text Block]
   
FUSB
 
   
Three M
onths Ended
March 31
, 201
6
 
   
Commercial
   
Commercial
Real
Estate
   
Consumer
   
Residential
Real
Estate
   
Other
   
Total
 
   
(Dollars in Thousands)
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
  $ 133     $ 1,118     $ 28     $ 36     $ 14     $ 1,329  
Charge-offs
         
 
    (21
)
   
 
          (21
)
Recoveries
    12      
      23       5             40  
Provision
    107
 
    (487
)
    (8
)
    117
 
    (9 )     (280
)
Ending balance
    252       631       22       158       5       1,068  
Ending balance individually evaluated for impairment
    72       220                         292  
Ending balance collectively evaluated for impairment
  $ 180     $ 411     $ 22     $ 158     $ 5     $ 776  
Loan receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
    34,568       112,525       6,614       30,623       407       184,737  
Ending balance individually evaluated for impairment
    436       2,224                         2,660  
Ending balance collectively evaluated for impairment
  $ 34,132     $ 110,301     $ 6,614     $ 30,623     $ 407     $ 182,077  
   
ALC
 
   
Three
Months Ended
March 31
, 201
6
 
   
Commercial
   
Commercial
Real
Estate
   
Consumer
   
Residential
Real
Estate
   
Other
   
Total
 
   
(Dollars in Thousands)
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
  $     $     $ 2,202     $ 250     $     $ 2,452  
Charge-offs
                (765
)
    (5
)
          (770
)
Recoveries
                174       4             178  
Provision
                500       (53 )           447  
Ending balance
                2,111       196             2,307  
Ending balance individually evaluated for impairment
                                   
Ending balance collectively evaluated for impairment
  $     $     $ 2,111     $ 196     $     $ 2,307  
Loan receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
                74,669       16,265             90,934  
Ending balance individually evaluated for impairment
                                   
Ending balance collectively evaluated for impairment
  $     $     $ 74,669     $ 16,265     $     $ 90,934  
   
FUSB & ALC
 
   
Three
Months Ended
March 31
, 201
6
 
   
Commercial
   
Commercial
Real
Estate
   
Consumer
   
Residential
Real
Estate
   
Other
   
Total
 
   
(Dollars in Thousands)
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
  $ 133     $ 1,118     $ 2,230     $ 286     $ 14     $ 3,781  
Charge-offs
         
 
    (786
)
    (5
)
          (791
)
Recoveries
    12      
      197       9             218  
Provision
    107
 
    (487
)
    492       64       (9 )     167
 
Ending balance
    252       631       2,133       354       5       3,375  
Ending balance individually evaluated for impairment
    72       220                         292  
Ending balance collectively evaluated for impairment
  $ 180     $ 411     $ 2,133     $ 354     $ 5     $ 3,083  
Loan receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
    34,568       112,525       81,283       46,888       407       275,671  
Ending balance individually evaluated for impairment
    436       2,224                         2,660  
Ending balance collectively evaluated for impairment
  $ 34,132     $ 110,301     $ 81,283     $ 46,888     $ 407     $ 273,011  
   
FUSB
 
   
Year Ended December 31, 201
5
 
   
Commercial
   
Commercial
Real
Estate
   
Consumer
   
Residential
Real
Estate
   
Other
   
Total
 
   
(Dollars in Thousands)
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
  $ 141     $ 2,810     $ 114     $ 421     $     $ 3,486  
Charge-offs
          (767
)
    (17
)
    (68
)
          (852
)
Recoveries
    61       12       70       111             254  
Provision
    (69
)
    (937
)
    (139
)
    (428
)
    14       (1,559
)
Ending balance
    133       1,118       28       36             1,329  
Ending balance individually evaluated for impairment
    80       230                         310  
Ending balance collectively evaluated for impairment
  $ 53     $ 888     $ 28     $ 36     $ 14     $ 1,019  
Loan receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
    29,377       107,670       7,057       30,730       379       175,213  
Ending balance individually evaluated for impairment
    444       2,270                         2,714  
Ending balance collectively evaluated for impairment
  $ 28,933     $ 105,400     $ 7,057     $ 30,730     $ 379     $ 172,499  
   
ALC
 
   
Year Ended December 31, 201
5
 
   
Commercial
   
Commercial
Real Estate
   
Consumer
   
Residential
Real Estate
   
Other
   
Total
 
   
(Dollars in Thousands)
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
  $     $     $ 2,336     $ 346     $     $ 2,682  
Charge-offs
                (2,552
)
    (187
)
          (2,739
)
Recoveries
                712       22             734  
Provision
                1,706       69             1,775  
Ending balance
                2,202       250             2,452  
Ending balance individually evaluated for impairment
                                   
Ending balance collectively evaluated for impairment
  $     $     $ 2,202     $ 250     $     $ 2,452  
Loan receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
                76,131       17,233             93,364  
Ending balance individually evaluated for impairment
                                   
Ending balance collectively evaluated for impairment
  $     $     $ 76,131     $ 17,233     $     $ 93,364  
   
FUSB & ALC
 
   
Year Ended December 31, 201
5
 
   
Commercial
   
Commercial
Real Estate
   
Consumer
   
Residential
Real Estate
   
Other
   
Total
 
   
(Dollars in Thousands)
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
  $ 141     $ 2,810     $ 2,450     $ 767     $     $ 6,168  
Charge-offs
          (767
)
    (2,569
)
    (255
)
          (3,591
)
Recoveries
    61       12       782       133             988  
Provision
    (69
)
    (937
)
    1,567       (359
)
    14       216  
Ending balance
    133       1,118       2,230       286             3,781  
Ending balance individually evaluated for impairment
    80       230                         310  
Ending balance collectively evaluated for impairment
  $ 53     $ 888     $ 2,230     $ 286     $ 14     $ 3,471  
Loan receivables:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ending balance
    29,377       107,670       83,188       47,963       379       268,577  
Ending balance individually evaluated for impairment
    444       2,270                         2,714  
Ending balance collectively evaluated for impairment
  $ 28,933     $ 105,400     $ 83,188     $ 47,963     $ 379     $ 265,863  
Financing Receivable Credit Quality Indicators [Table Text Block]
   
FUSB
 
   
Pass
1-5
   
Special
Mention
6
   
Substandard
7
   
Doubtful
8
   
Total
 
   
(Dollars in Thousands)
 
Loans secured by real estate:
                                       
Construction, land development and other land loans
  $ 16,100     $     $ 1,923     $     $ 18,023  
Secured by 1-4 family residential properties
    29,216       224       1,183             30,623  
Secured by multi-family residential properties
    11,580                         11,580  
Secured by non-farm, non-residential properties
    77,869       3,989       896             82,754  
Other
    168                         168  
Commercial and industrial loans
    33,381       480       707             34,568  
Consumer loans
    6,499             115             6,614  
Other loans
    407                         407  
Total
  $ 175,220     $ 4,693     $ 4,824     $     $ 184,737  
   
ALC
 
   
Performing
   
Nonperforming
   
Total
 
   
(Dollars in Thousands)
 
Loans secured by real estate:
                       
Secured by 1-4 family residential properties
  $ 15,856     $ 409     $ 16,265  
Consumer loans
    73,265       1,404       74,669  
Total
  $ 89,121     $ 1,813     $ 90,934  
   
FUSB
 
   
Pass
1-5
   
Special
Mention
6
   
Substandard
7
   
Doubtful
8
   
Total
 
   
(Dollars in Thousands)
 
Loans secured by real estate:
                                       
Construction, land development and other land loans
  $ 9,862     $     $ 1,965     $     $ 11,827  
Secured by 1-4 family residential properties
    29,252       228       1,250             30,730  
Secured by multi-family residential properties
    11,845                         11,845  
Secured by non-farm, non-residential properties
    78,647       4,315       921             83,883  
Other
    115                         115  
Commercial and industrial loans
    28,170       482       752             29,377  
Consumer loans
    6,905             152             7,057  
Other loans
    379                         379  
Total
  $ 165,175     $ 5,025     $ 5,013     $     $ 175,213  
   
ALC
 
   
Performing
   
Nonperforming
   
Total
 
   
(Dollars in Thousands)
 
Loans secured by real estate:
                       
Secured by 1-4 family residential properties
  $ 16,964     $ 269     $ 17,233  
Consumer loans
    74,743       1,388       76,131  
Total
  $ 91,707     $ 1,657     $ 93,364  
Past Due Financing Receivables [Table Text Block]
   
FUSB
 
   
As of
March 31
, 201
6
 
   
30-59
Days
Past
Due
   
60-89
Days
Past
Due
   
90
Days
Or
Greater
   
Total
Past
Due
   
Current
   
Total
Loans
   
Recorded
Investment
>
90 Days
And
Accruing
 
   
(Dollars in Thousands)
 
Loans secured by real estate:
                                                       
Construction, land development and other land loans
  $ 40     $     $ 86     $ 126     $ 17,897     $ 18,023     $  
Secured by 1-4 family residential properties
    69       25       463       557       30,066       30,623        
Secured by multi-family residential properties
                            11,580       11,580        
Secured by non-farm, non-residential properties
                148       148       82,606       82,754        
Other
                            168       168        
Commercial and industrial loans
    73       38             111       34,457       34,568        
Consumer loans
    38             22       60       6,554       6,614        
Other loans
                            407       407        
Total
  $ 220     $ 63     $ 719     $ 1,002     $ 183,735     $ 184,737     $  
   
ALC
 
   
As of
March 31
, 201
6
 
   
30-59
Days
Past
Due
   
60-89
Days
Past
Due
   
90
Days
Or
Greater
   
Total
Past
Due
   
Current
   
Total
Loans
   
Recorded
Investment
>
90 Days
And
Accruing
 
   
(Dollars in Thousands)
 
Loans secured by real estate:
                                                       
Construction, land development and other land loans
  $     $     $     $     $     $     $  
Secured by 1-4 family residential properties
    25       15       392       432       15,833       16,265        
Secured by multi-family residential properties
                                         
Secured by non-farm, non-residential properties
                                         
Other
                                         
Commercial and industrial loans
                                         
Consumer loans
    659       517       1,394       2,570       72,099       74,669        
Other loans
                                         
Total
  $ 684     $ 532     $ 1,786     $ 3,002     $ 87,932     $ 90,934     $  
   
FUSB
 
   
As of December 31, 201
5
 
   
30-59
Days
Past
Due
   
60-89
Days
Past
Due
   
90
Days
Or
Greater
   
Total
Past
Due
   
Current
   
Total
Loans
   
Recorded
Investment
>
90 Days
And
Accruing
 
   
(Dollars in Thousands)
 
Loans secured by real estate:
                                                       
Construction, land development and other land loans
  $     $     $ 86     $ 86     $ 11,741     $ 11,827     $  
Secured by 1-4 family residential properties
    118       206       360       684       30,046       30,730        
Secured by multi-family residential properties
                            11,845       11,845        
Secured by non-farm, non-residential properties
    530             148       678       83,205       83,883        
Other
                            115       115        
Commercial and industrial loans
    22       52             74       29,303       29,377        
Consumer loans
    49       4       83       136       6,921       7,057        
Other loans
                            379       379        
Total
  $ 719     $ 262     $ 677     $ 1,658     $ 173,555     $ 175,213     $  
   
ALC
 
   
As of December 31, 201
5
 
   
30-59
Days
Past
Due
   
60-89
Days
Past
Due
   
90
Days
Or
Greater
   
Total
Past
Due
   
Current
   
Total
Loans
   
Recorded Investment
>
90 Days
And
Accruing
 
   
(Dollars in Thousands)
 
Loans secured by real estate:
                                                       
Construction, land development and other land loans
  $     $     $     $     $     $     $  
Secured by 1-4 family residential properties
    91       206       252       549       16,684       17,233        
Secured by multi-family residential properties
                                         
Secured by non-farm, non-residential properties
                                         
Other
                                         
Commercial and industrial loans
                                         
Consumer loans
    965       567       1,377       2,909       73,222       76,131        
Other loans
                                         
Total
  $ 1,056     $ 773     $ 1,629     $ 3,458     $ 89,906     $ 93,364     $  
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]
   
Loans on Non-Accrual Status
 
   
March 31
,
201
6
   
December 31,
201
5
 
   
(Dollars in Thousands)
 
Loans secured by real estate:
               
Construction, land development and other land loans
  $ 334     $ 339  
Secured by 1-4 family residential properties
    1,178       968  
Secured by multi-family residential properties
           
Secured by non-farm, non-residential properties
    205       213  
Commercial and industrial loans
    46       47  
Consumer loans
    1,514       1,535  
Total loans
  $ 3,277     $ 3,102  
Impaired Financing Receivables [Table Text Block]
   
March 31
, 201
6
 
Impaired loans with no related allowance recorded
 
Carrying
Amount
   
Unpaid
Principal
Balance
   
Related
Allowances
 
   
(Dollars in Thousands)
 
Loans secured by real estate
                       
Construction, land development and other land loans
  $     $     $  
Secured by 1-4 family residential properties
    54       54        
Secured by multi-family residential properties
                 
Secured by non-farm, non-residential properties
                 
Commercial and industrial
                 
Total loans with no related allowance recorded
  $ 54     $ 54     $  
                         
Impaired loans with an allowance recorded
 
 
 
 
 
 
 
 
 
 
 
 
Loans secured by real estate
                       
Construction, land development and other land loans
  $ 1,411     $ 1,411     $ 95  
Secured by 1-4 family residential properties
    197       197       5  
Secured by multi-family residential properties
                 
Secured by non-farm, non-residential properties
    562       562       120  
Commercial and industrial
    436       436       72  
Total loans with an allowance recorded
  $ 2,606     $ 2,606     $ 292  
                         
Total impaired loans
 
 
 
 
 
 
 
 
 
 
 
 
Loans secured by real estate
                       
Construction, land development and other land loans
  $ 1,411     $ 1,411     $ 95  
Secured by 1-4 family residential properties
    251       251       5  
Secured by multi-family residential properties
                 
Secured by non-farm, non-residential properties
    562       562       120  
Commercial and industrial
    436       436       72  
Total impaired loans
  $ 2,660     $ 2,660     $ 292  
   
December 31, 201
5
 
Impaired loans with no related allowance recorded
 
Carrying
Amount
   
Unpaid
Principal
Balance
   
Related
Allowances
 
   
(Dollars in Thousands)
 
Loans secured by real estate
                       
Construction, land development and other land loans
  $     $     $  
Secured by 1-4 family residential properties
    54       54        
Secured by multi-family residential properties
                 
Secured by non-farm, non-residential properties
                 
Commercial and industrial
                 
Total loans with no related allowance recorded
  $ 54     $ 54     $  
                         
Impaired loans with an allowance recorded
 
 
 
 
 
 
 
 
 
 
 
 
Loans secured by real estate
                       
Construction, land development and other land loans
  $ 1,445     $ 1,445     $ 95  
Secured by 1-4 family residential properties
    198       198       5  
Secured by multi-family residential properties
                 
Secured by non-farm, non-residential properties
    573       573       130  
Commercial and industrial
    444       444       80  
Total loans with an allowance recorded
  $ 2,660     $ 2,660     $ 310  
                         
Total impaired loans
 
 
 
 
 
 
 
 
 
 
 
 
Loans secured by real estate
                       
Construction, land development and other land loans
  $ 1,445     $ 1,445     $ 95  
Secured by 1-4 family residential properties
    252       252       5  
Secured by multi-family residential properties
                 
Secured by non-farm, non-residential properties
    573       573       130  
Commercial and industrial
    444       444       80  
Total impaired loans
  $ 2,714     $ 2,714     $ 310  
Average Net Investment Impaired Loans and Interest Income Recognized and Received on Impaired Loans [Table Text Block]
   
March 31
, 201
6
 
   
Average
Recorded
Investment
   
Interest
Income
Recognized
   
Interest
Income
Received
 
   
(Dollars in Thousands)
 
Loans secured by real estate
                       
Construction, land development and other land loans
  $ 1,410     $ 11     $ 11  
Secured by 1-4 family residential properties
    252       3       3  
Secured by multi-family residential properties
                 
Secured by non-farm, non-residential properties
    566       8       8  
Commercial and industrial
    439       6       6  
Total
  $ 2,667     $ 28     $ 28  
   
December 31, 201
5
 
   
Average
Recorded
Investment
   
Interest
Income
Recognized
   
Interest
Income
Received
 
   
(Dollars in Thousands)
 
Loans secured by real estate
                       
Construction, land development and other land loans
  $ 1,493     $ 44     $ 46  
Secured by 1-4 family residential properties
    139       14       14  
Secured by multi-family residential properties
    1,892              
Secured by non-farm, non-residential properties
    3,329       35       36  
Commercial and industrial
    264       26       26  
Total
  $ 7,117     $ 119     $ 122  
Troubled Debt Restructurings on Financing Receivables [Table Text Block]
   
March 31
, 201
6
   
December 31, 201
5
 
   
Number
of
Loans
   
Pre-
Modification
Outstanding
Principal
Balance
   
Post-
Modification
Principal
Balance
   
Number
of
Loans
   
Pre-
Modification
Outstanding
Principal
Balance
   
Post-
Modification
Principal
Balance
 
   
(Dollars in Thousands)
 
Loans secured by real estate:
                                               
Construction, land development and other land loans
    3     $ 2,220     $ 1,659       3     $ 2,220     $ 1,698  
Secured by 1-4 family residential properties
    4       200       102       4       200       103  
Secured by non-farm, non-residential properties
    2       113       49       2       113       52  
Commercial loans
    2       116       94       2       116       94  
Total
    11     $ 2,649     $ 1,904       11     $ 2,649     $ 1,947