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Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2017
Receivables [Abstract]  
Summary of Loans
Loans are stated at the principal amount outstanding net of unearned discounts, unearned income and allowance for loan losses.  Unearned income includes deferred loan origination fees reduced by loan origination costs and is amortized to interest income over the life of the related loan using methods that approximated the effective interest rate method.  Interest on substantially all loans is credited to income based on the principal amount outstanding. A summary of loans at March 31, 2017 and December 31, 2016 follows (in thousands):
 
March 31,
2017
 
December 31,
2016
Construction and land development
$
58,489

 
$
49,366

Agricultural real estate
123,160

 
126,216

1-4 Family residential properties
321,238

 
328,119

Multifamily residential properties
74,882

 
83,478

Commercial real estate
627,415

 
633,694

Loans secured by real estate
1,205,184

 
1,220,873

Agricultural loans
76,782

 
86,735

Commercial and industrial loans
403,135

 
412,637

Consumer loans
36,070

 
38,404

All other loans
83,341

 
77,602

Total Gross loans
1,804,512

 
1,836,251

Less: Loans held for sale
1,578

 
1,175

 
1,802,934

 
1,835,076

Less:
 

 
 

Net deferred loan fees, premiums and discounts
8,850

 
10,259

Allowance for loan losses
17,846

 
16,753

Net loans
$
1,776,238

 
$
1,808,064
Allowance for Loan Losses and Recorded Investment in Loans
following tables present the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method for the three-months ended March 31, 2017 and 2016 and for the year ended December 31, 2016 (in thousands):
 
 
Commercial/ Commercial Real Estate
 
Agricultural/ Agricultural Real Estate
 
Residential Real Estate
 
Consumer
 
Unallocated
 
Total
Three months ended March 31, 2017
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of year
$
12,901

 
$
2,249

 
$
874

 
$
693

 
$
36

 
$
16,753

Provision charged to expense
1,466

 
69

 
146

 
50

 
(9
)
 
1,722

Losses charged off
(612
)
 
—

 
(49
)
 
(102
)
 
—

 
(763
)
Recoveries
16

 
1

 
7

 
110

 
—

 
134

Balance, end of period
$
13,771

 
$
2,319

 
$
978

 
$
751

 
$
27

 
$
17,846

Ending balance:
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
316

 
$
709

 
$
44

 
$
1

 
$
—

 
$
1,070

Collectively evaluated for impairment
$
13,455

 
$
1,610

 
$
909

 
$
750

 
$
27

 
$
16,751

Acquired with deteriorated credit quality
$
—

 
$
—

 
$
25

 
$
—

 
$
—

 
$
25

Loans:
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
10,656

 
$
1,173

 
$
4,093

 
$
301

 
$
—

 
$
16,223

Collectively evaluated for impairment
$
1,190,272

 
$
198,588

 
$
344,160

 
$
38,451

 
$
—

 
$
1,771,471

Acquired with deteriorated credit quality
$
3,820

 
$
—

 
$
4,148

 
$
—

 
$
—

 
$
7,968

Ending balance
$
1,204,748

 
$
199,761

 
$
352,401

 
$
38,752

 
$
—

 
$
1,795,662

 
 
Commercial/ Commercial Real Estate
 
Agricultural/ Agricultural Real Estate
 
Residential Real Estate
 
Consumer
 
Unallocated
 
Total
Three months ended March 31, 2016
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of year
$
11,379

 
$
1,337

 
$
994

 
$
642

 
$
224

 
$
14,576

Provision charged to expense
225

 
(68
)
 
16

 
123

 
(183
)
 
113

Losses charged off
(40
)
 
—

 
(84
)
 
(113
)
 
—

 
(237
)
Recoveries
225

 
1

 
—

 
58

 
—

 
284

Balance, end of period
$
11,789

 
$
1,270

 
$
926

 
$
710

 
$
41

 
$
14,736

Ending balance:
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
298

 
$
—

 
$
—

 
$
—

 
$
—

 
$
298

Collectively evaluated for impairment
$
11,491

 
$
1,270

 
$
926

 
$
710

 
$
41

 
$
14,438

Acquired with deteriorated credit quality
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Loans:
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
1,201

 
$
430

 
$
—

 
$
—

 
$
—

 
$
1,631

Collectively evaluated for impairment
$
820,655

 
$
185,836

 
$
226,675

 
$
42,108

 
$
—

 
$
1,275,274

Loans acquired with deteriorated credit quality
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Ending balance
$
821,856

 
$
186,266

 
$
226,675

 
$
42,108

 
$
—

 
$
1,276,905

Year ended December 31, 2016
 

 
 

 
 

 
 

 
 

 
 

Allowance for loan losses:
 

 
 

 
 

 
 

 
 

 
 

Balance, beginning of year
$
11,379

 
$
1,337

 
$
994

 
$
642

 
$
224

 
$
14,576

Provision charged to expense
1,467

 
933

 
113

 
501

 
(188
)
 
2,826

Losses charged off
(747
)
 
(30
)
 
(234
)
 
(664
)
 
—

 
(1,675
)
Recoveries
802

 
9

 
1

 
214

 
—

 
1,026

Balance, end of year
$
12,901

 
$
2,249

 
$
874

 
$
693

 
$
36

 
$
16,753

Ending balance:
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
192

 
$
660

 
$
6

 
$
—

 
$
—

 
$
858

Collectively evaluated for impairment
$
12,695

 
$
1,589

 
$
868

 
$
693

 
$
36

 
$
15,881

Loans acquired with deteriorated credit quality
$
14

 
$
—

 
$
—

 
$
—

 
$
—

 
$
14

Loans:
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
1,956

 
$
1,345

 
$
1,752

 
$
213

 
$
—

 
$
5,266

Collectively evaluated for impairment
1,199,003

 
211,168

 
360,825

 
41,644

 
—

 
1,812,640

Acquired with deteriorated credit quality
3,840

 
—

 
4,246

 
—

 
—

 
8,086

Ending balance
$
1,204,799

 
$
212,513

 
$
366,823

 
$
41,857

 
$
—

 
$
1,825,992
Credit Risk Profile of the Company's Loan Portfolio
Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered pass rated loans.

The following tables present the credit risk profile of the Company’s loan portfolio based on rating category and payment activity as of March 31, 2017 and December 31, 2016 (in thousands):

 
Construction &
Land Development
 
Agricultural Real Estate
 
1-4 Family Residential
Properties
 
Multifamily Residential
Properties
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Pass
$
58,303

 
$
48,877

 
$
116,138

 
$
118,934

 
$
305,288

 
$
318,921

 
$
69,055

 
$
81,018

Special Mention
—

 
—

 
4,885

 
5,190

 
2,612

 
918

 
1,634

 
1,651

Substandard
—

 
227

 
2,038

 
1,984

 
11,814

 
6,576

 
4,025

 
531

Doubtful
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
58,303

 
$
49,104

 
$
123,061

 
$
126,108

 
$
319,714

 
$
326,415

 
$
74,714

 
$
83,200


 
Commercial Real Estate (Nonfarm/Nonresidential)
 
Agricultural Loans
 
Commercial & Industrial Loans
 
Consumer Loans
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
 
2017
 
2016
Pass
$
579,711

 
$
610,025

 
$
72,039

 
$
81,922

 
$
385,167

 
$
397,762

 
$
34,437

 
$
37,624

Special Mention
17,249

 
5,229

 
1,160

 
3,271

 
11,317

 
8,485

 
15

 
17

Substandard
27,412

 
14,881

 
3,558

 
1,492

 
4,326

 
2,786

 
510

 
387

Doubtful
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
624,372

 
$
630,135

 
$
76,757

 
$
86,685

 
$
400,810

 
$
409,033

 
$
34,962

 
$
38,028


 
All Other Loans
 
Total Loans
 
2017
 
2016
 
2017
 
2016
Pass
$
80,380

 
$
74,377

 
$
1,700,518

 
$
1,769,460

Special Mention
2,589

 
2,892

 
41,461

 
27,653

Substandard
—

 
15

 
53,683

 
28,879

Doubtful
—

 
—

 
—

 
—

Total
$
82,969

 
$
77,284

 
$
1,795,662

 
$
1,825,992
Loan Portfolio Aging Analysis
The following table presents the Company’s loan portfolio aging analysis at March 31, 2017 and December 31, 2016 (in thousands):

 
30-59 Days Past Due
 
60-89 Days Past Due
 
90 Days
or More Past Due
 
Total
Past Due
 
Current
 
Total Loans Receivable
 
Total Loans > 90 Days & Accruing
March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
$
766

 
$
37

 
$
—

 
$
803

 
$
57,500

 
$
58,303

 
$
—

Agricultural real estate
585

 
—

 
322

 
907

 
122,154

 
123,061

 
—

1-4 Family residential properties
2,530

 
121

 
945

 
3,596

 
316,118

 
319,714

 
—

Multifamily residential properties
—

 
—

 
—

 
—

 
74,714

 
74,714

 
—

Commercial real estate
684

 
781

 
3,257

 
4,722

 
619,650

 
624,372

 
—

Loans secured by real estate
4,565

 
939

 
4,524

 
10,028

 
1,190,136

 
1,200,164

 
—

Agricultural loans
10

 
—

 
121

 
131

 
76,626

 
76,757

 
—

Commercial and industrial loans
402

 
58

 
267

 
727

 
400,083

 
400,810

 
—

Consumer loans
128

 
92

 
14

 
234

 
34,728

 
34,962

 
—

All other loans
—

 
—

 
—

 
—

 
82,969

 
82,969

 
—

Total loans
$
5,105

 
$
1,089

 
$
4,926

 
$
11,120

 
$
1,784,542

 
$
1,795,662

 
$
—

December 31, 2016
 

 
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
$
—

 
$
—

 
$
—

 
$
—

 
$
49,104

 
$
49,104

 
$
—

Agricultural real estate
—

 
131

 
293

 
424

 
125,684

 
126,108

 
—

1-4 Family residential properties
1,854

 
713

 
1,008

 
3,575

 
322,840

 
326,415

 
105

Multifamily residential properties
—

 
—

 
240

 
240

 
82,960

 
83,200

 
—

Commercial real estate
1,662

 
716

 
43

 
2,421

 
627,714

 
630,135

 
—

Loans secured by real estate
3,516

 
1,560

 
1,584

 
6,660

 
1,208,302

 
1,214,962

 
105

Agricultural loans
365

 
84

 
37

 
486

 
86,199

 
86,685

 
—

Commercial and industrial loans
395

 
155

 
249

 
799

 
408,234

 
409,033

 
—

Consumer loans
192

 
37

 
11

 
240

 
37,788

 
38,028

 
—

All other loans
—

 
—

 
—

 
—

 
77,284

 
77,284

 
—

Total loans
$
4,468

 
$
1,836

 
$
1,881

 
$
8,185

 
$
1,817,807

 
$
1,825,992

 
$
105
Impaired Loans
The following tables present impaired loans as of March 31, 2017 and December 31, 2016 (in thousands):

 
March 31, 2017
 
December 31, 2016
 
Recorded
Balance
 
Unpaid Principal Balance
 
Specific Allowance
 
Recorded
Balance
 
Unpaid Principal Balance
 
Specific Allowance
Loans with a specific allowance:
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
$
—

 
$
—

 
$
—

 
$
227

 
$
227

 
$
—

Agricultural real estate
—

 
—

 
—

 
—

 
—

 
—

1-4 Family residential properties
4,216

 
5,515

 
44

 
997

 
997

 
6

Multifamily residential properties
4,025

 
4,153

 
25

 
528

 
528

 
—

Commercial real estate
11,860

 
13,480

 
155

 
863

 
884

 
—

Loans secured by real estate
20,101

 
23,148

 
224

 
2,615

 
2,636

 
6

Agricultural loans
1,173

 
1,173

 
709

 
1,345

 
1,345

 
660

Commercial and industrial loans
2,678

 
3,320

 
161

 
1,093

 
1,191

 
192

Consumer loans
301

 
300

 
1

 
213

 
213

 
—

All other loans
—

 
—

 
—

 
—

 
—

 
—

Total loans
$
24,253

 
$
27,941

 
$
1,095

 
$
5,266

 
$
5,385

 
$
858

Loans without a specific allowance:
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Agricultural real estate
161

 
162

 
—

 
205

 
207

 
—

1-4 Family residential properties
1,641

 
1,886

 
—

 
2,497

 
3,207

 
—

Multifamily residential properties
—

 
—

 
—

 
3,419

 
3,547

 
—

Commercial real estate
660

 
856

 
—

 
6,224

 
6,802

 
—

Loans secured by real estate
2,462

 
2,904

 
—

 
12,345

 
13,763

 
—

Agricultural loans
127

 
150

 
—

 
43

 
66

 
—

Commercial and industrial loans
715

 
1,240

 
—

 
378

 
572

 
—

Consumer loans
95

 
120

 
—

 
206

 
211

 
—

All other loans
—

 
—

 
—

 
—

 
—

 
—

Total loans
$
3,399

 
$
4,414

 
$
—

 
$
12,972

 
$
14,612

 
$
—

Total loans:
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
$
—

 
$
—

 
$
—

 
$
227

 
$
227

 
$
—

Agricultural real estate
161

 
162

 
—

 
205

 
207

 
—

1-4 Family residential properties
5,857

 
7,401

 
44

 
3,494

 
4,204

 
6

Multifamily residential properties
4,025

 
4,153

 
25

 
3,947

 
4,075

 
—

Commercial real estate
12,520

 
14,336

 
155

 
7,087

 
7,686

 
—

Loans secured by real estate
22,563

 
26,052

 
224

 
14,960

 
16,399

 
6

Agricultural loans
1,300

 
1,323

 
709

 
1,388

 
1,411

 
660

Commercial and industrial loans
3,393

 
4,560

 
161

 
1,471

 
1,763

 
192

Consumer loans
396

 
420

 
1

 
419

 
424

 
—

All other loans
—

 
—

 
—

 
—

 
—

 
—

Total loans
$
27,652

 
$
32,355

 
$
1,095

 
$
18,238

 
$
19,997

 
$
858
Impaired loans by portfolio class
The following tables present average recorded investment and interest income recognized on impaired loans for the three-month periods ended March 31, 2017 and 2016 (in thousands):
 
 
For the three months ended
 
March 31, 2017
 
March 31, 2016
 
Average Investment
in Impaired Loans
 
Interest Income Recognized
 
Average Investment
in Impaired Loans
 
Interest Income Recognized
Construction and land development
$
—

 
$
—

 
$
136

 
$
—

Agricultural real estate
161

 
—

 
453

 
—

1-4 Family residential properties
2,100

 
11

 
1,330

 
5

Multifamily residential properties
4,155

 
43

 
312

 
—

Commercial real estate
13,434

 
—

 
773

 
1

Loans secured by real estate
19,850

 
54

 
3,004

 
6

Agricultural loans
1,398

 
—

 
90

 
—

Commercial and industrial loans
4,096

 
2

 
1,061

 
—

Consumer loans
406

 
—

 
264

 
—

Total loans
$
25,750

 
$
56

 
$
4,419

 
$
6
Nonaccrual Loans
The following table presents the Company’s recorded balance of nonaccrual loans as March 31, 2017 and December 31, 2016 (in thousands). This table excludes purchased impaired loans and performing troubled debt restructurings.
 
March 31,
2017
 
December 31,
2016
Construction and land development
$
—

 
$
227

Agricultural real estate
161

 
205

1-4 Family residential properties
5,260

 
2,890

Multifamily residential properties
618

 
528

Commercial real estate
10,400

 
4,971

Loans secured by real estate
16,439

 
8,821

Agricultural loans
1,300

 
1,388

Commercial and industrial loans
3,356

 
1,430

Consumer loans
392

 
414

Total loans
$
21,487

 
$
12,053
Schedule of Acquired Receivables With Credit Deterioration [Table Text Block]
The amount of these loans at March 31, 2017 and December 31, 2016 are as follows (in thousands):

 
March 31,
2017
 
December 31,
2016
1-4 Family residential properties
$
740

 
$
827

Multifamily residential properties
3,408

 
3,419

Commercial real estate
3,800

 
3,816

Loans secured by real estate
7,948

 
8,062

Commercial and industrial loans
20

 
24

 Carrying amount
7,968

 
8,086

Allowance for loan losses
25

 
14

Carrying amount, net of allowance
$
7,943

 
$
8,072
Recorded Balance of Troubled Debt Restructurings
The following table presents the Company’s recorded balance of troubled debt restructurings at March 31, 2017 and December 31, 2016 (in thousands).
Troubled debt restructurings:
March 31,
2017
 
December 31,
2016
Construction and land development
$
—

 
$
227

Agricultural real estate
—

 
—

1-4 Family residential properties
1,652

 
1,753

Multifamily residential properties
3,407

 
3,419

Commercial real estate
4,099

 
4,125

Loans secured by real estate
9,158

 
9,524

Commercial and industrial loans
967

 
1,040

Consumer loans
305

 
325

Total
$
10,430

 
$
10,889

Performing troubled debt restructurings:
 

 
 

1-4 Family residential properties
597

 
$
603

Multifamily residential properties
3,407

 
3,419

Commercial real estate
2,121

 
2,116

Loans secured by real estate
6,125

 
6,138

Commercial and industrial loans
37

 
41

Consumer loans
3

 
6

Total
$
6,165

 
$
6,185
Financing Receivables,Troubled Debt Restructurings during period [Table Text Block]
The following table presents loans modified as TDRs during the three months ended March 31, 2017 and 2016, as a result of various modified loan factors (in thousands):
 
March 31, 2017
 
March 31, 2016
 
Number of Modifications
 
Recorded Investment
 
Type of Modifications
 
Number of Modifications
 
Recorded Investment
 
Type of Modifications
Construction and land development
—

 
$
—

 

 
—


$
—

 

1-4 Family residential properties
—

 
—

 

 
—

 
—

 

Commercial real estate
—

 
—

 

 
—

 
—

 

Loans secured by real estate
—

 
—

 
 
 
—

 
—

 
 
Commercial and industrial loans
—

 
—

 

 
1

 
19

 
(b)(c)
Consumer Loans
—

 
—

 

 
—

 
—

 

Total
—

 
$
—

 
 
 
1

 
$
19