Note 2 - Loans and Allowance for Loan Losses (Tables)

9 Months Ended

Sep. 30, 2020

Notes Tables

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	(In Thousands)
	September 30, 2020			December 31, 2019
Mortgage loans on real estate:
Residential 1-4 family	$	531,485		$	511,250
Multifamily		123,650			97,104
Commercial		846,521			793,379
Construction and land development		430,599			425,185
Farmland		16,422			19,268
Second mortgages		9,239			10,760
Equity lines of credit		77,492			72,379
Total mortgage loans on real estate		2,035,408			1,929,325
Commercial loans		189,655			98,265
Agricultural loans		1,318			1,569
Consumer installment loans
Personal		57,170			50,532
Credit cards		4,079			4,302
Total consumer installment loans		61,249			54,834
Other loans		9,474			9,049
Total loans before net deferred loan fees		2,297,104			2,093,042
Net deferred loan fees		(8,909	)		(7,141	)
Total loans		2,288,195			2,085,901
Less: Allowance for loan losses		(35,441	)		(28,726	)
Net loans	$	2,252,754		$	2,057,175

Financing Receivable, Allowance for Credit Loss [Table Text Block]

	(In Thousands)
	Residential 1-4 Family		Multifamily		Commercial Real Estate		Construction		Farmland			Second Mortgages			Equity Lines of Credit			Commercial			Agricultural, Installment and Other			Total
September 30, 2020
Allowance for loan losses:
Beginning balance	$	7,144		1,117		11,114		5,997		187			123			889			1,044			1,111			28,726
Provision		820		528		3,865		513		(23	)		(27	)		58			200			697			6,631
Charge-offs		—		—		—		—		—			—			(7	)		(8	)		(714	)		(729	)
Recoveries		17		—		300		54		—			19			41			—			382			813
Ending balance	$	7,981		1,645		15,279		6,564		164			115			981			1,236			1,476			35,441
Ending balance individually evaluated for impairment	$	612		—		156		—		—			—			—			—			—			768
Ending balance collectively evaluated for impairment	$	7,369		1,645		15,123		6,564		164			115			981			1,236			1,476			34,673
Loans:
Ending balance	$	531,485		123,650		846,521		430,599		16,422			9,239			77,492			189,655			72,041			2,297,104
Ending balance individually evaluated for impairment	$	1,403		—		979		—		—			—			—			—			—			2,382
Ending balance collectively evaluated for impairment	$	530,082		123,650		845,542		430,599		16,422			9,239			77,492			189,655			72,041			2,294,722

	Residential 1-4 Family			Multifamily			Commercial Real Estate			Construction			Farmland			Second Mortgages		Equity Lines of Credit		Commercial			Agricultural, Installment and Other			Total
December 31, 2019
Allowance for loan losses:
Beginning balance	$	6,297			1,481			9,753			7,084			221			118		731		622			867			27,174
Provision		838			(364	)		1,484			(1,510	)		(34	)		5		158		422			1,041			2,040
Charge-offs		(15	)		—			(173	)		—			—			—		—		(15	)		(1,160	)		(1,363	)
Recoveries		24			—			50			423			—			—		—		15			363			875
Ending balance	$	7,144			1,117			11,114			5,997			187			123		889		1,044			1,111			28,726
Ending balance individually evaluated for impairment	$	795			—			341			—			—			—		—		—			—			1,136
Ending balance collectively evaluated for impairment	$	6,349			1,117			10,773			5,997			187			123		889		1,044			1,111			27,590
Loans:
Ending balance	$	511,250			97,104			793,379			425,185			19,268			10,760		72,379		98,265			65,452			2,093,042
Ending balance individually evaluated for impairment	$	2,569			—			2,471			—			—			—		—		—			—			5,040
Ending balance collectively evaluated for impairment	$	508,681			97,104			790,908			425,185			19,268			10,760		72,379		98,265			65,452			2,088,002

	Residential 1-4 Family			Multifamily			Commercial Real Estate		Construction			Farmland			Second Mortgages		Equity Lines of Credit		Commercial			Agricultural, Installment and Other			Total
September 30, 2019
Allowance for loan losses:
Beginning balance	$	6,297			1,481			9,753		7,084			221			118		731		622			867			27,174
Provision		285			(261	)		1,632		(1,564	)		(23	)		11		123		338			813			1,354
Charge-offs		(14	)		—			—		—			—			—		—		(15	)		(824	)		(853	)
Recoveries		20			—			—		408			—			—		—		15			267			710
Ending balance	$	6,588			1,220			11,385		5,928			198			129		854		960			1,123			28,385
Ending balance individually evaluated for impairment	$	789			—			915		—			—			—		—		—			—			1,704
Ending balance collectively evaluated for impairment	$	5,799			1,220			10,470		5,928			198			129		854		960			1,123			26,681
Loans:
Ending balance	$	468,772			106,072			745,080		410,494			20,425			11,204		69,666		90,450			67,602			1,989,765
Ending balance individually evaluated for impairment	$	2,648			—			3,195		—			—			—		—		—			—			5,843
Ending balance collectively evaluated for impairment	$	466,124			106,072			741,885		410,494			20,425			11,204		69,666		90,450			67,602			1,983,922

Impaired Financing Receivables [Table Text Block]

	In Thousands
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
September 30, 2020
With no related allowance recorded:
Residential 1-4 family	$	139		138		—		377		6
Multifamily		—		—		—		—		—
Commercial real estate		311		311		—		471		—
Construction		—		—		—		—		—
Farmland		—		—		—		—		—
Second mortgages		—		—		—		—		—
Equity lines of credit		—		—		—		—		—
Commercial		—		—		—		—		—
Agricultural, installment and other		—		—		—		—		—
	$	450		449		—		848		6
With related allowance recorded:
Residential 1-4 family	$	1,267		1,265		612		1,335		49
Multifamily		—		—		—		—		—
Commercial real estate		672		668		156		891		24
Construction		—		—		—		—		—
Farmland		—		—		—		—		—
Second mortgages		—		—		—		—		—
Equity lines of credit		—		—		—		—		—
Commercial		—		—		—		—		—
Agricultural, installment and other		—		—		—		—		—
	$	1,939		1,933		768		2,226		73
Total
Residential 1-4 family	$	1,406		1,403		612		1,712		55
Multifamily		—		—		—		—		—
Commercial real estate		983		979		156		1,362		24
Construction		—		—		—		—		—
Farmland		—		—		—		—		—
Second mortgages		—		—		—		—		—
Equity lines of credit		—		—		—		—		—
Commercial		—		—		—		—		—
Agricultural, installment and other		—		—		—		—		—
	$	2,389		2,382		768		3,074		79

	In Thousands
	Recorded Investment		Unpaid Principal Balance		Related Allowance		Average Recorded Investment		Interest Income Recognized
December 31, 2019
With no related allowance recorded:
Residential 1-4 family	$	1,090		1,464		—		1,090		99
Multifamily		—		—		—		—		—
Commercial real estate		951		1,124		—		910		17
Construction		—		—		—		—		—
Farmland		—		—		—		—		—
Second mortgages		—		—		—		—		—
Equity lines of credit		—		—		—		—		—
Commercial		—		—		—		—		—
Agricultural, installment and other		—		—		—		—		—
	$	2,041		2,588		—		2,000		116
With related allowance recorded:
Residential 1-4 family	$	1,489		1,480		795		1,590		83
Multifamily		—		—		—		—		—
Commercial real estate		1,522		1,520		341		2,015		17
Construction		—		—		—		—		—
Farmland		—		—		—		—		—
Second mortgages		—		—		—		—		—
Equity lines of credit		—		—		—		—		—
Commercial		—		—		—		—		—
Agricultural, installment and other		—		—		—		—		—
	$	3,011		3,000		1,136		3,605		100
Total:
Residential 1-4 family	$	2,579		2,944		795		2,680		182
Multifamily		—		—		—		—		—
Commercial real estate		2,473		2,644		341		2,925		34
Construction		—		—		—		—		—
Farmland		—		—		—		—		—
Second mortgages		—		—		—		—		—
Equity lines of credit		—		—		—		—		—
Commercial		—		—		—		—		—
Agricultural, installment and other		—		—		—		—		—
	$	5,052		5,588		1,136		5,605		216

Financing Receivable, Troubled Debt Restructuring [Table Text Block]

	September 30, 2020		December 31, 2019
	(In thousands)
Performing TDRs	$	2,168	$	3,080
Nonperforming TDRs		638		1,467
Total TDRS	$	2,806	$	4,547

	September 30, 2020						September 30, 2019
	Number of Contracts		Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment, Net of Related Allowance		Number of Contracts		Pre Modification Outstanding Recorded Investment		Post Modification Outstanding Recorded Investment, Net of Related Allowance
Residential 1-4 family		—	$	—	$	—		—	$	—	$	—
Multifamily		—		—		—		—		—		—
Commercial real estate		1		111		132		1		109		16
Construction		—		—		—		—		—		—
Farmland		—		—		—		—		—		—
Second mortgages		—		—		—		—		—		—
Equity lines of credit		—		—		—		—		—		—
Commercial		—		—		—		—		—		—
Agricultural, installment and other		—		—		—		—		—		—
Total		1	$	111	$	132		1	$	109	$	16

Financing Receivable Credit Quality Indicators [Table Text Block]

	(In Thousands)
	Residential 1-4 Family		Multifamily		Commercial Real Estate		Construction		Farmland		Second Mortgages		Equity Lines of Credit		Commercial		Agricultural, installment and other		Total
September 30, 2020
Credit Risk Profile by Internally Assigned Rating
Pass	$	524,750		123,650		845,927		430,537		16,288		8,951		77,086		189,615		71,827		2,288,631
Special Mention		3,929		—		—		32		80		170		311		—		126		4,648
Substandard		2,806		—		594		30		54		118		95		40		88		3,825
Doubtful		—		—		—		—		—		—		—		—		—		—
Total	$	531,485		123,650		846,521		430,599		16,422		9,239		77,492		189,655		72,041		2,297,104
December 31, 2019
Credit Risk Profile by Internally Assigned Rating
Pass	$	503,861		97,104		791,610		424,517		19,106		10,458		72,237		98,243		65,255		2,082,391
Special Mention		2,923		—		—		635		103		174		—		—		101		3,936
Substandard		4,466		—		1,769		33		59		128		142		22		96		6,715
Doubtful		—		—		—		—		—		—		—		—		—		—
Total	$	511,250		97,104		793,379		425,185		19,268		10,760		72,379		98,265		65,452		2,093,042