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Loans and Allowance for Loan Losses (Tables)
 3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Summary of Loans
A summary of loans at March 31, 2018 and December 31, 2017 follows (in thousands):
 
March 31,
2018
 
December 31,
2017
Construction and land development
$
109,188

 
$
107,721

Agricultural real estate
122,598

 
127,232

1-4 Family residential properties
290,567

 
294,483

Multifamily residential properties
61,049

 
61,966

Commercial real estate
702,023

 
684,639

Loans secured by real estate
1,285,425

 
1,276,041

Agricultural loans
74,282

 
86,602

Commercial and industrial loans
459,259

 
445,378

Consumer loans
29,107

 
30,070

All other loans
135,482

 
108,023

Total Gross loans
1,983,555

 
1,946,114

Less: Loans held for sale
1,309

 
1,025

 
1,982,246

 
1,945,089

Less:
 

 
 

Net deferred loan fees, premiums and discounts
5,858

 
6,613

Allowance for loan losses
20,771

 
19,977

Net loans
$
1,955,617

 
$
1,918,499
Allowance for Loan Losses and Recorded Investment in Loans

The 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, 2018 and 2017 and for the year ended December 31, 2017 (in thousands):
 
 
 
 
 
 
Commercial/ Commercial Real Estate
 
Agricultural/ Agricultural Real Estate
 
Residential Real Estate
 
Consumer
 
Unallocated
 
Total
Three months ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
Allowance for loan losses:
 
 
 
 
 
 
 
 
 
 
 
Balance, beginning of year
$
16,546

 
$
1,742

 
$
886

 
$
803

 
$
—

 
$
19,977

Provision charged to expense
936

 
(161
)
 
177

 
103

 
—

 
1,055

Losses charged off
(237
)
 
—

 
(103
)
 
(136
)
 
—

 
(476
)
Recoveries
123

 
—

 
1

 
91

 
—

 
215

Balance, end of period
$
17,368

 
$
1,581

 
$
961

 
$
861

 
$
—

 
$
20,771

Ending balance:
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
486

 
$
5

 
$
20

 
$
—

 
$
—

 
$
511

Collectively evaluated for impairment
$
16,877

 
$
1,576

 
$
941

 
$
861

 
$
—

 
$
20,255

Acquired with deteriorated credit quality
$
5

 
$
—

 
$
—

 
$
—

 
$
—

 
$
5

Loans:
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
11,592

 
$
202

 
$
1,115

 
$
170

 
$
—

 
$
13,079

Collectively evaluated for impairment
1,417,379

 
196,173

 
311,163

 
39,650

 
$
—

 
1,964,365

Acquired with deteriorated credit quality
253

 
—

 
—

 
—

 
$
—

 
253

Ending balance
$
1,429,224

 
$
196,375

 
$
312,278

 
$
39,820

 
$
—

 
$
1,977,697

 
 
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

Year ended December 31, 2017
 

 
 

 
 

 
 

 
 

 
 

Allowance for loan losses:
 

 
 

 
 

 
 

 
 

 
 

Balance, beginning of year
$
12,901

 
$
2,249

 
$
874

 
$
693

 
$
36

 
$
16,753

Provision charged to expense
6,884

 
153

 
100

 
361

 
(36
)
 
7,462

Losses charged off
(3,795
)
 
(662
)
 
(217
)
 
(521
)
 
—

 
(5,195
)
Recoveries
556

 
2

 
129

 
270

 
—

 
957

Balance, end of year
$
16,546

 
$
1,742

 
$
886

 
$
803

 
$
—

 
$
19,977

Ending balance:
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
586

 
$
2

 
$
25

 
$
1

 
$
—

 
$
614

Collectively evaluated for impairment
$
15,951

 
$
1,740

 
$
861

 
$
802

 
$
—

 
$
19,354

Acquired with deteriorated credit quality
$
9

 
$
—

 
$
—

 
$
—

 
$
—

 
$
9

Loans:
 

 
 

 
 

 
 

 
 

 
 

Individually evaluated for impairment
$
11,372

 
$
488

 
$
1,026

 
$
200

 
$
—

 
$
13,086

Collectively evaluated for impairment
1,360,156

 
213,033

 
314,097

 
38,870

 
—

 
1,926,156

Acquired with deteriorated credit quality
259

 
—

 
—

 
—

 
—

 
259

Ending balance
$
1,371,787

 
$
213,521

 
$
315,123

 
$
39,070

 
$
—

 
$
1,939,501
Credit Risk Profile of the Company's Loan Portfolio
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, 2018 and December 31, 2017 (in thousands):

 
Construction &
Land Development
 
Agricultural Real Estate
 
1-4 Family Residential
Properties
 
Multifamily Residential
Properties
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Pass
$
108,582

 
$
107,140

 
$
117,516

 
$
120,767

 
$
277,265

 
$
282,441

 
$
59,875

 
$
60,954

Special Mention
449

 
454

 
3,591

 
4,829

 
4,081

 
2,654

 
470

 
476

Substandard
45

 
—

 
1,457

 
1,587

 
8,553

 
8,572

 
536

 
368

Doubtful
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
109,076

 
$
107,594

 
$
122,564

 
$
127,183

 
$
289,899

 
$
293,667

 
$
60,881

 
$
61,798


 
Commercial Real Estate (Nonfarm/Nonresidential)
 
Agricultural Loans
 
Commercial & Industrial Loans
 
Consumer Loans
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
Pass
$
665,007

 
$
647,208

 
$
72,019

 
$
83,469

 
$
448,416

 
$
425,846

 
$
28,358

 
$
29,375

Special Mention
17,007

 
16,941

 
1,238

 
2,304

 
3,290

 
11,492

 
3

 
5

Substandard
17,128

 
17,608

 
1,085

 
858

 
6,985

 
6,925

 
423

 
369

Doubtful
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Total
$
699,142

 
$
681,757

 
$
74,342

 
$
86,631

 
$
458,691

 
$
444,263

 
$
28,784

 
$
29,749


 
All Other Loans
 
Total Loans
 
2018
 
2017
 
2018
 
2017
Pass
$
131,290

 
$
103,339

 
$
1,908,328

 
$
1,860,539

Special Mention
3,028

 
3,520

 
33,157

 
42,675

Substandard
—

 
—

 
36,212

 
36,287

Doubtful
—

 
—

 
—

 
—

Total
$
134,318

 
$
106,859

 
$
1,977,697

 
$
1,939,501
Loan Portfolio Aging Analysis
The following table presents the Company’s loan portfolio aging analysis at March 31, 2018 and December 31, 2017 (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, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
$
205

 
$
253

 
$
45

 
$
503

 
$
108,573

 
$
109,076

 
$
—

Agricultural real estate
1,103

 
—

 
—

 
1,103

 
121,461

 
122,564

 
—

1-4 Family residential properties
2,289

 
244

 
1,481

 
4,014

 
285,885

 
289,899

 
—

Multifamily residential properties
—

 
—

 
—

 
—

 
60,881

 
60,881

 
—

Commercial real estate
1,036

 
260

 
2,116

 
3,412

 
695,730

 
699,142

 
—

Loans secured by real estate
4,633

 
757

 
3,642

 
9,032

 
1,272,530

 
1,281,562

 
—

Agricultural loans
369

 
10

 
158

 
537

 
73,805

 
74,342

 
—

Commercial and industrial loans
3,101

 
1,139

 
734

 
4,974

 
453,717

 
458,691

 
—

Consumer loans
96

 
93

 
12

 
201

 
28,583

 
28,784

 
—

All other loans
—

 
—

 
—

 
—

 
134,318

 
134,318

 
—

Total loans
$
8,199

 
$
1,999

 
$
4,546

 
$
14,744

 
$
1,962,953

 
$
1,977,697

 
$
—

December 31, 2017
 

 
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
$
26

 
$
48

 
$
—

 
$
74

 
$
107,520

 
$
107,594

 
$
—

Agricultural real estate
—

 
—

 
396

 
396

 
126,787

 
127,183

 
—

1-4 Family residential properties
3,023

 
538

 
1,767

 
5,328

 
288,339

 
293,667

 
—

Multifamily residential properties
—

 
—

 
—

 
—

 
61,798

 
61,798

 
—

Commercial real estate
90

 
38

 
3,566

 
3,694

 
678,063

 
681,757

 
—

Loans secured by real estate
3,139

 
624

 
5,729

 
9,492

 
1,262,507

 
1,271,999

 
—

Agricultural loans
—

 
32

 
158

 
190

 
86,441

 
86,631

 
—

Commercial and industrial loans
192

 
3

 
770

 
965

 
443,298

 
444,263

 
—

Consumer loans
178

 
67

 
27

 
272

 
29,477

 
29,749

 
—

All other loans
—

 
—

 
—

 
—

 
106,859

 
106,859

 
—

Total loans
$
3,509

 
$
726

 
$
6,684

 
$
10,919

 
$
1,928,582

 
$
1,939,501

 
$
—
Impaired Loans
The following tables present impaired loans as of March 31, 2018 and December 31, 2017 (in thousands):

 
March 31, 2018
 
December 31, 2017
 
Recorded
Balance
 
Unpaid Principal Balance
 
Specific Allowance
 
Recorded
Balance
 
Unpaid Principal Balance
 
Specific Allowance
Loans with a specific allowance:
 
 
 
 
 
 
 
 
 
 
 
Construction and land development
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Agricultural real estate
—

 
—

 
—

 
276

 
276

 
—

1-4 Family residential properties
1,095

 
1,467

 
20

 
1,026

 
1,347

 
25

Multifamily residential properties
307

 
307

 
—

 
313

 
313

 
—

Commercial real estate
5,732

 
5,732

 
470

 
5,544

 
5,565

 
531

Loans secured by real estate
7,134

 
7,506

 
490

 
7,159

 
7,501

 
556

Agricultural loans
201

 
986

 
5

 
212

 
1,009

 
2

Commercial and industrial loans
5,827

 
6,315

 
21

 
5,774

 
6,037

 
64

Consumer loans
170

 
170

 
—

 
200

 
200

 
1

Total loans
$
13,332

 
$
14,977

 
$
516

 
$
13,345

 
$
14,747

 
$
623

Loans without a specific allowance:
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
$
45

 
$
45

 
$
—

 
$
—

 
$
—

 
$
—

Agricultural real estate
—

 
—

 
—

 
15

 
15

 
—

1-4 Family residential properties
2,743

 
2,800

 
—

 
2,239

 
2,664

 
—

Multifamily residential properties
—

 
—

 
—

 
55

 
55

 
—

Commercial real estate
163

 
248

 
—

 
303

 
368

 
—

Loans secured by real estate
2,951

 
3,093

 
—

 
2,612

 
3,102

 
—

Agricultural loans
736

 
203

 
—

 
545

 
—

 
—

Commercial and industrial loans
737

 
768

 
—

 
909

 
1,249

 
—

Consumer loans
113

 
144

 
—

 
102

 
119

 
—

Total loans
$
4,537

 
$
4,208

 
$
—

 
$
4,168

 
$
4,470

 
$
—

Total loans:
 

 
 

 
 

 
 

 
 

 
 

Construction and land development
$
45

 
$
45

 
$
—

 
$
—

 
$
—

 
$
—

Agricultural real estate
—

 
—

 
—

 
291

 
291

 
—

1-4 Family residential properties
3,838

 
4,267

 
20

 
3,265

 
4,011

 
25

Multifamily residential properties
307

 
307

 
—

 
368

 
368

 
—

Commercial real estate
5,895

 
5,980

 
470

 
5,847

 
5,933

 
531

Loans secured by real estate
10,085

 
10,599

 
490

 
9,771

 
10,603

 
556

Agricultural loans
937

 
1,189

 
5

 
757

 
1,009

 
2

Commercial and industrial loans
6,564

 
7,083

 
21

 
6,683

 
7,286

 
64

Consumer loans
283

 
314

 
—

 
302

 
319

 
1

Total loans
$
17,869

 
$
19,185

 
$
516

 
$
17,513

 
$
19,217

 
$
623
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, 2018 and 2017 (in thousands):
 
 
For the three months ended
 
March 31, 2018
 
March 31, 2017
 
Average Investment
in Impaired Loans
 
Interest Income Recognized
 
Average Investment
in Impaired Loans
 
Interest Income Recognized
Construction and land development
$
46

 
$
—

 
$
—

 
$
—

Agricultural real estate
—

 
—

 
161

 
—

1-4 Family residential properties
3,891

 
8

 
2,100

 
11

Multifamily residential properties
308

 
—

 
4,155

 
43

Commercial real estate
5,993

 
3

 
13,434

 
—

Loans secured by real estate
10,238

 
11

 
19,850

 
54

Agricultural loans
885

 
—

 
1,398

 
—

Commercial and industrial loans
7,056

 
2

 
4,096

 
2

Consumer loans
294

 
—

 
406

 
—

Total loans
$
18,473

 
$
13

 
$
25,750

 
$
56
Nonaccrual Loans
The following table presents the Company’s recorded balance of nonaccrual loans as March 31, 2018 and December 31, 2017 (in thousands). This table excludes purchased impaired loans and performing troubled debt restructurings.
 
March 31,
2018
 
December 31,
2017
Construction and land development
$
45

 
$
—

Agricultural real estate
—

 
291

1-4 Family residential properties
3,108

 
2,687

Multifamily residential properties
307

 
368

Commercial real estate
5,646

 
5,596

Loans secured by real estate
9,106

 
8,942

Agricultural loans
937

 
757

Commercial and industrial loans
6,544

 
6,658

Consumer loans
283

 
302

Total loans
$
16,870

 
$
16,659
Schedule of Acquired Receivables With Credit Deterioration [Table Text Block]
The amount of these loans at March 31, 2018 and December 31, 2017 are as follows (in thousands):

 
March 31,
2018
 
December 31,
2017
Commercial real estate
249

 
251

Commercial and industrial loans
4

 
8

 Carrying amount
253

 
259

Allowance for loan losses
5

 
9

Carrying amount, net of allowance
$
248

 
$
250
Recorded Balance of Troubled Debt Restructurings
The following table presents the Company’s recorded balance of troubled debt restructurings at March 31, 2018 and December 31, 2017 (in thousands).
Troubled debt restructurings:
March 31, 2018
 
December 31, 2017
1-4 Family residential properties
943

 
874

Commercial real estate
1,362

 
1,376

Loans secured by real estate
2,305

 
2,250

Agricultural loans
734

 
757

Commercial and industrial loans
5,029

 
5,690

Consumer loans
170

 
201

Total
$
8,238

 
$
8,898

Performing troubled debt restructurings:
 

 
 

1-4 Family residential properties
730

 
$
578

Commercial real estate
249

 
251

Loans secured by real estate
979

 
829

Commercial and industrial loans
20

 
25

Total
$
999

 
$
854
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, 2018 and 2017, as a result of various modified loan factors (in thousands):
 
March 31, 2018
 
March 31, 2017
 
Number of Modifications
 
Recorded Investment
 
Type of Modifications
 
Number of Modifications
 
Recorded Investment
 
Type of Modifications
1-4 Family residential properties
1

 
161

 
(b)
 
—

 
—

 

Total
1

 
$
161

 
 
 
—

 
$
—