Basis of Accounting and Consolidation (Tables)

6 Months Ended

Jun. 30, 2021

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

Schedule of Components of Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income included in stockholders’ equity as of June 30, 2021 and December 31, 2020 are as follows (in thousands):

	Unrealized Gain (Loss) on Securities
June 30, 2021
Net unrealized gains on securities available-for-sale	$	12,367
Tax expense		(3,586	)
Balance at June 30, 2021	$	8,781
December 31, 2020
Net unrealized gains on securities available-for-sale	$	24,077
Tax expense		(6,982	)
Balance at December 31, 2020	$	17,095

Schedule of Amounts Reclassified from Accumulated Other Comprehensive Income

Amounts reclassified from accumulated other comprehensive income and the affected line items in the statements of income during the three and six months ended June 30, 2021 and 2020, were as follows (in thousands):

	Amounts Reclassified from Other Comprehensive Income
	Three months ended June 30,						Six months ended June 30,
	2021			2020			2021			2020			Affected Line Item in the Statements of Income
Realized gains on available-for-sale securities	$	73		$	287		$	77		$	818		Securities gains, net
Tax effect		(21	)		(83	)		(22	)		(237	)	Income taxes
Total reclassifications out of accumulated other comprehensive income	$	52		$	204		$	55		$	581		Net reclassified amount

ASU 2016-13

New Accounting Pronouncements Or Change In Accounting Principle [Line Items]

Schedule of Impact of ASU 2016-13 Adoption

The following table illustrates the impact of ASU 2016-13 adoption (in thousands):

	January 1, 2020
	As reported		Pre-ASU		Impact of ASU
	under ASU		2016-13		2016-13
	2016-13		Adoption		Adoption
Assets:
Construction and land development	$	1,033	$	1,146	$	(113	)
Farm		1,323		1,093		230
1-4 family residential properties		2,142		1,386		756
Commercial real estate		11,739		11,198		541
Agricultural		1,023		1,386		(363	)
Commercial and industrial		9,428		9,273		155
Consumer		1,895		1,429		466
Allowance for credit losses for all loans	$	28,583	$	26,911	$	1,672
Liabilities:
Allowance for credit losses on off-balance sheet exposures	$	69	$	—	$	69

The following table illustrates the impact of ASU 2013-13 adoption for PCD assets previously classified as PCI included in the table above (in thousands):

	January 1, 2020
	As reported		Pre-ASU		Impact of ASU
	under ASU		2016-13		2016-13
	2016-13		Adoption		Adoption
Construction and land development	$	291	$	—	$	291
1-4 family residential properties		48		6		42
Commercial real estate		818		359		459
Commercial and industrial		41		—		41
Allowance for credit losses for PCD loans	$	1,198	$	365	$	833