LOANS (Tables)

12 Months Ended

Dec. 31, 2019

LOANS

Schedule of loans

	12/31/2019		12/31/2018
Commercial	$	86,552	$	86,149
Real estate construction		32,219		24,254
Real estate mortgage:
1-4 family residential		291,419		252,318
Multi-family residential		48,622		46,403
Non-farm & non-residential		204,908		196,674
Agricultural		57,166		60,049
Consumer		23,122		20,089
Other		305		208
Total	$	744,313	$	686,144

Schedule of allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method

	Beginning								Ending
December 31, 2019	Balance		Charge-offs		Recoveries		Provision		Balance
Commercial	$	1,159	$	(260)	$	21	$	—	$	920
Real estate Construction		414		—		—		137		551
Real estate mortgage:
1-4 family residential		2,605		(168)		19		445		2,901
Multi-family residential		733		—		15		59		807
Non-farm & non-residential		1,649		(17)		—		11		1,643
Agricultural		420		—		8		(39)		389
Consumer		410		(397)		39		454		506
Other		58		(901)		724		162		43
Unallocated		679		—		—		21		700
	$	8,127	$	(1,743)	$	826	$	1,250	$	8,460

	Beginning								Ending
December 31, 2018	Balance		Charge-offs		Recoveries		Provision		Balance
Commercial	$	975	$	(23)	$	10	$	197	$	1,159
Real estate Construction		462		—		—		(48)		414
Real estate mortgage:
1-4 family residential		2,316		(98)		272		115		2,605
Multi-family residential		640		—		10		83		733
Non-farm & non-residential		1,554		(31)		—		126		1,649
Agricultural		494		—		191		(265)		420
Consumer		582		(285)		51		62		410
Other		18		(823)		633		230		58
Unallocated		679		—		—		—		679
	$	7,720	$	(1,260)	$	1,167	$	500	$	8,127

Schedule of loans individually evaluated for impairment by class of loans

	Individually		Collectively
	Evaluated for		Evaluated for
As of December 31, 2019	Impairment		Impairment		Total
Allowance for Loan Losses:
Commercial	$	—	$	920	$	920
Real estate construction		—		551		551
Real estate mortgage:
1-4 family residential		2		2,899		2,901
Multi-family residential		50		757		807
Non-farm & non-residential		—		1,643		1,643
Agricultural		—		389		389
Consumer		—		506		506
Other		—		43		43
Unallocated		—		700		700
	$	52	$	8,408	$	8,460
Loans:
Commercial	$	—	$	86,552	$	86,552
Real estate construction		374		31,845		32,219
Real estate mortgage:
1-4 family residential		202		291,217		291,419
Multi-family residential		1,292		47,330		48,622
Non-farm & non-residential		1,799		203,109		204,908
Agricultural		842		56,324		57,166
Consumer		—		23,122		23,122
Other		—		305		305
Total	$	4,509	$	739,804	$	744,313

	Individually		Collectively
	Evaluated for		Evaluated for
As of December 31, 2018	Impairment		Impairment		Total
Allowance for Loan Losses:
Commercial	$	191	$	968	$	1,159
Real estate construction		—		414		414
Real estate mortgage:
1-4 family residential		10		2,595		2,605
Multi-family residential		—		733		733
Non-farm & non-residential		—		1,649		1,649
Agricultural		—		420		420
Consumer		—		410		410
Other		—		58		58
Unallocated		—		679		679
	$	201	$	7,926	$	8,127
Loans:
Commercial	$	191	$	85,958	$	86,149
Real estate construction		374		23,880		24,254
Real estate mortgage:
1-4 family residential		1,003		251,315		252,318
Multi-family residential		1,973		44,430		46,403
Non-farm & non-residential		227		196,447		196,674
Agricultural		1,164		58,885		60,049
Consumer		—		20,089		20,089
Other		—		208		208
Total	$	4,932	$	681,212	$	686,144

	Unpaid				Allowance for		Average		Interest		Cash Basis
	Principal		Recorded		Loan Losses		Recorded		Income		Interest
(in thousands):	Balance		Investment		Allocated		Investment		Recognized		Recognized
With no related allowance recorded:
Real estate construction	$	374	$	374	$	—	$	374	$	—	$	—
Real estate mortgage:
Non-farm & non-residential		1,799		1,799		—		1,013		17	$	17
Agricultural		842		842		—		1,003		18		18
With an allowance recorded:
Real estate mortgage
1-4 family residential		202		202		2		603		35		35
Multi-family residential		1,292		1,292		50		646		54		54
Total	$	4,509	$	4,509	$	52	$	3,639	$	124	$	124

	Unpaid				Allowance for		Average		Interest		Cash Basis
	Principal		Recorded		Loan Losses		Recorded		Income		Interest
(in thousands):	Balance		Investment		Allocated		Investment		Recognized		Recognized
With no related allowance recorded:
Real estate construction	$	374	$	374	$	—	$	187	$	3	$	3
Real estate mortgage:
1-4 family residential		1,973		1,973		—		1,991		101		101
Non-farm & non-residential		227		227		—		679		12		12
Agricultural		1,164		1,164		—		724		54		54
With an allowance recorded:
Commercial		191		191		191		96		18		18
Real estate mortgage
1-4 family residential		1,003		1,003		10		605		13		13
Total	$	4,932	$	4,932	$	201	$	4,282	$	201	$	201

Schedule of recorded investment in nonaccrual, loans past due over 90 days still on accrual and accruing troubled debt restructurings by class of loans

			Loans Past Due
			Over 89 Days
			Still		Troubled Debt
As of December 31, 2019	Nonaccrual		Accruing		Restructurings
Real estate construction	$	374	$	—	$	—
Real estate mortgage:
1-4 family residential		845		47		—
Multi-family residential		—		1,292		—
Non-farm & non-residential		1,799		121		—
Agricultural		—		7		—
Consumer		63		32		—
Total	$	3,081	$	1,499	$	—

			Loans Past Due
			Over 89 Days
			Still		Troubled Debt
As of December 31, 2018	Nonaccrual		Accruing		Restructurings
Commercial	$	191	$	—	$	—
Real estate construction		—		374		—
Real estate mortgage:
1-4 family residential		525		784		—
Non-farm & non-residential		156		14		—
Agricultural		252		—		—
Consumer		17		10		—
Total	$	1,141	$	1,182	$	—

Schedule of aging of the recorded investment in past due and non-accrual loans

	30–59		60–89		Greater than				Total
	Days		Days		89 Days				Past Due &		Loans Not
(in thousands)	Past Due		Past Due		Past Due		Non-accrual		Non-accrual		Past Due
Commercial	$	326	$	25	$	—	$	—	$	351	$	86,201
Real estate construction		—		—		—		374		374		31,845
Real estate mortgage:
1-4 family residential		2,734		274		47		845		3,900		287,519
Multi-family residential		—		—		1,292		—		1,292		47,330
Non-farm & non-residential		302		19		121		1,799		2,241		202,667
Agricultural		704		—		7		—		711		56,455
Consumer		158		17		32		63		270		22,852
Other		—		—		—		—		—		305
Total	$	4,224	$	335	$	1,499	$	3,081	$	9,139	$	735,174

December 31, 2018

	30–59		60–89		Greater than				Total
	Days		Days		89 Days				Past Due &		Loans Not
(in thousands)	Past Due		Past Due		Past Due		Non-accrual		Non-accrual		Past Due
Commercial	$	10	$	24	$	—	$	191	$	225	$	85,924
Real estate construction		309		—		374		—		683		23,571
Real estate mortgage:
1-4 family residential		2,158		563		784		525		4,030		248,288
Multi-family residential		951		—		—		—		951		45,452
Non-farm & non-residential		68		84		14		156		322		196,352
Agricultural		502		15		—		252		769		59,280
Consumer		119		15		10		17		161		19,928
Other		—		—		—		—		—		208
Total	$	4,117	$	701	$	1,182	$	1,141	$	7,141	$	679,003

Schedule of risk category of loans by class of loans

			Special
(in thousands)	Pass		Mention		Substandard		Doubtful
Commercial	$	83,515	$	2,785	$	252	$	—
Real estate construction		30,462		1,363		394		—
Real estate mortgage:
1-4 family residential		283,048		3,435		4,932		4
Multi-family residential		43,193		4,137		1,292		—
Non-farm & non-residential		195,800		7,169		1,939		—
Agricultural		51,352		4,459		1,355		—
Total	$	687,370	$	23,348	$	10,164	$	4

December 31, 2018

			Special
(in thousands)	Pass		Mention		Substandard		Doubtful
Commercial	$	84,911	$	994	$	53	$	191
Real estate construction		23,857		—		397		—
Real estate mortgage:
1-4 family residential		244,382		2,685		5,201		50
Multi-family residential		43,248		1,182		1,973		—
Non-farm & non-residential		188,186		7,967		503		18
Agricultural		54,654		3,715		1,680		—
Total	$	639,238	$	16,543	$	9,807	$	259

Schedule of analysis of the activity with respect to all director and executive officer loans

	2019		2018
Balance, beginning of year	$	828	$	930
New loans		138		14
Effect of change in composition of related parties		783		—
Repayments		(416)		(116)
Balance, end of year	$	1,333	$	828

Schedule of activity for mortgage servicing rights and the related valuation allowance

	2019		2018
Servicing Rights:
Beginning balance	$	1,536	$	1,511
Additions		299		335
Amortization		(333)		(327)
Change in valuation allowance		71		17
Ending balance	$	1,573	$	1,536
Valuation Allowance:
Beginning balance	$	39	$	56
Additions expensed		155		39
Reductions credited to operations		84		56
Ending balance	$	110	$	39

Schedule of estimated amortization expense for each of the next five years

2020	$	137
2021		118
2022		102
2023		89
2024		79