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Allowance for Loan Losses (Tables)
 12 Months Ended
Dec. 31, 2014
Allowance for Loan Losses [Abstract]  
Allowance for Loan Losses by Loan Components
The allocation of the allowance for loan losses by loan components at December 31, 2014 and 2013 was as follows:

  
Construction
&
Development
  
1-4 Family
Residential
  
Nonfarm,
Nonresidential
  
Commercial
and
Industrial
  
Consumer
  
Other
  
Total
 
                 
2014
                
                 
Allowance for credit losses:
                
Beginning balance
 
$
73,000
  
$
617,629
  
$
753,050
  
$
1,708,962
  
$
181,309
  
$
41,400
  
$
3,375,350
 
Charge-offs
  
-
   
(102,168
)
  
(1,778
)
  
(146,444
)
  
(66,581
)
  
-
   
(316,971
)
Recoveries
  
-
   
1,463
   
80,630
   
160,418
   
41,911
   
-
   
284,422
 
Provision
  
87,100
   
281,275
   
235,413
   
(421,036
)
  
2,111
   
27,000
   
211,863
 
Ending balance
 
$
160,100
  
$
798,199
  
$
1,067,315
  
$
1,301,900
  
$
158,750
  
$
68,400
  
$
3,554,664
 
                             
Ending balance: individually evaluated for impairment
 
$
-
  
$
97,799
  
$
117,215
  
$
162,900
  
$
-
  
$
-
  
$
377,914
 
Ending balance: collectively evaluated for impairment
 
$
160,100
  
$
700,400
  
$
950,100
  
$
1,139,000
  
$
158,750
  
$
68,400
  
$
3,176,750
 
                             
Loans Receivable:
                            
Ending balance
 
$
10,061,249
  
$
41,824,806
  
$
74,275,793
  
$
56,602,425
  
$
4,997,023
  
$
5,271,062
  
$
193,032,358
 
                             
Ending balance: individually evaluated for impairment
 
$
13,536
  
$
574,078
  
$
2,658,938
  
$
1,399,469
  
$
-
  
$
228,111
  
$
4,874,132
 
Ending balance: collectively evaluated for impairment
 
$
10,047,713
  
$
41,250,728
  
$
71,616,855
  
$
55,202,956
  
$
4,997,023
  
$
5,042,951
  
$
188,158,226
 
                             
2013
                            
                             
Allowance for credit losses:
                            
Beginning balance
 
$
86,300
  
$
668,700
  
$
801,999
  
$
1,604,510
  
$
198,789
  
$
42,800
  
$
3,403,098
 
Charge-offs
  
-
   
(26,967
)
  
(238,541
)
  
(87,374
)
  
(79,667
)
  
-
   
(432,549
)
Recoveries
  
587
   
401
   
2,426
   
52,433
   
29,389
   
-
   
85,236
 
Provision
  
(13,887
)
  
(24,505
)
  
187,166
   
139,393
   
32,798
   
(1,400
)
  
319,565
 
Ending balance
 
$
73,000
  
$
617,629
  
$
753,050
  
$
1,708,962
  
$
181,309
  
$
41,400
  
$
3,375,350
 
                             
Ending balance: individually evaluated for impairment
 
$
-
  
$
10,829
  
$
131,950
  
$
206,162
  
$
-
  
$
-
  
$
348,941
 
Ending balance: collectively evaluated for impairment
 
$
73,000
  
$
606,800
  
$
621,100
  
$
1,502,800
  
$
181,309
  
$
41,400
  
$
3,026,409
 
                             
Loans Receivable:
                            
Ending balance
 
$
6,353,787
  
$
40,203,978
  
$
60,316,018
  
$
66,612,984
  
$
5,685,407
  
$
3,842,901
  
$
183,015,075
 
                             
Ending balance: individually evaluated for impairment
 
$
318,111
  
$
337,767
  
$
2,912,421
  
$
2,499,531
  
$
-
  
$
-
  
$
6,067,830
 
Ending balance: collectively evaluated for impairment
 
$
6,035,676
  
$
39,866,211
  
$
57,403,597
  
$
64,113,453
  
$
5,685,407
  
$
3,842,901
  
$
176,947,245
 
Impaired Loans Individually Evaluated by Class of Loan
The following table presents loans individually evaluated for impairment by class of loan as of December 31, 2014 and 2013:

  
Recorded
Investment
  
Unpaid
Principal
Balance
  
Related
Allowance
  
Average
Recorded
Investment
  
Interest
Income
Recognized
 
           
2014
          
With no related allowance recorded:
          
Construction and development
 
$
13,536
  
$
13,536
  
$
-
  
$
13,788
  
$
2,710
 
1-4 family residential
  
174,314
   
174,314
   
-
   
174,882
   
7,269
 
Nonfarm, nonresidential
  
1,806,013
   
1,806,013
   
-
   
1,826,306
   
94,953
 
Commercial and industrial
  
844,682
   
844,682
   
-
   
986,462
   
9,452
 
Consumer
  
-
   
-
   
-
   
-
   
-
 
Other loans
  
228,111
   
228,111
   
-
   
228,884
   
15,244
 
   
3,066,656
   
3,066,656
   -   
3,230,322
   
129,628
 
                     
With an allowance recorded:
                    
Construction and development
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-
 
1-4 family residential
  
399,764
   
399,764
   
97,799
   
402,691
   
8,141
 
Nonfarm, nonresidential
  
852,925
   
852,925
   
117,215
   
852,872
   
358
 
Commercial and industrial
  
554,787
   
554,787
   
162,900
   
552,865
   
72
 
Consumer
  
-
   
-
   
-
   
-
   
-
 
Other loans
  
-
   
-
   
-
   
-
   
-
 
   
1,807,476
   
1,807,476
   
377,914
   
1,808,428
   
8,571
 
                     
Combined:
                    
Construction and development
 
$
13,536
  
$
13,536
  
$
-
  
$
13,788
  
$
2,710
 
1-4 family residential
  
574,078
   
574,078
   
97,799
   
577,573
   
15,410
 
Nonfarm, nonresidential
  
2,658,938
   
2,658,938
   
117,215
   
2,679,178
   
95,311
 
Commercial and industrial
  
1,399,469
   
1,399,469
   
162,900
   
1,539,327
   
9,524
 
Consumer
  
-
   
-
   
-
   
-
   
-
 
Other loans
  
228,111
   
228,111
   
-
   
228,884
   
15,244
 
  
$
4,874,132
  
$
4,874,132
  
$
377,914
  
$
5,038,750
  
$
138,199
 
                     
2013
                    
With no related allowance recorded:
                    
Construction and development
 
$
318,111
  
$
318,111
  
$
-
  
$
320,260
  
$
21,825
 
1-4 family residential
  
263,562
   
263,562
   
-
   
261,364
   
21,295
 
Nonfarm, nonresidential
  
2,095,645
   
2,165,883
   
-
   
2,144,605
   
120,322
 
Commercial and industrial
  
1,359,371
   
1,561,253
   
-
   
1,393,077
   
71,409
 
Consumer
  
-
   
-
   
-
   
-
   
-
 
Other loans
  
-
   
-
   
-
   
-
   
-
 
   
4,036,689
   
4,308,809
   
- 
   
4,119,306
   
234,851
 
                     
With an allowance recorded:
                    
Construction and development
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-
 
1-4 family residential
  
74,205
   
74,205
   
10,829
   
77,144
   
4,300
 
Nonfarm, nonresidential
  
816,776
   
816,776
   
131,950
   
930,060
   
24,653
 
Commercial and industrial
  
1,140,160
   
1,140,160
   
206,162
   
1,163,698
   
47,393
 
Consumer
  
-
   
-
   
-
   
-
   
-
 
Other loans
  
-
   
-
   
-
   
-
   
-
 
   
2,031,141
   
2,031,141
   
348,941
   
2,170,902
   
76,346
 
                     
Combined:
                    
Construction and development
 
$
318,111
  
$
318,111
  
$
-
  
$
320,260
  
$
21,825
 
1-4 family residential
  
337,767
   
337,767
   
10,829
   
338,508
   
25,595
 
Nonfarm, nonresidential
  
2,912,421
   
2,982,659
   
131,950
   
3,074,665
   
144,975
 
Commercial and industrial
  
2,499,531
   
2,701,413
   
206,162
   
2,556,775
   
118,802
 
Consumer
  
-
   
-
   
-
   
-
   
-
 
Other loans
  
-
   
-
   
-
   
-
   
-
 
  
$
6,067,830
  
$
6,339,950
  
$
348,941
  
$
6,290,208
  
$
311,197
 
Class of Aging Analysis Recorded Investment in Loans
The following table presents an age analysis of past due loans as of December 31, 2014 and 2013:

  
30-59 Days
Past Due
  
60-89 Days
Past Due
  
90 Days Plus
Past Due
  
Total
Past Due
  
Current
  
Total
  
Recorded
Investment
> 90 Days
and
Accruing
 
               
2014
              
               
Construction and development
 
$
94,736
  
$
-
  
$
-
  
$
94,736
  
$
9,966,513
  
$
10,061,249
  
$
-
 
1-4 family residential
  
362,406
   
274,595
   
172,981
   
809,982
   
41,014,824
   
41,824,806
   
-
 
Nonfarm, nonresidential
  
137,733
   
105,473
   
663,902
   
907,108
   
73,368,685
   
74,275,793
   
-
 
Commercial and industrial
  
63,744
   
20,476
   
1,271,937
   
1,356,157
   
55,246,268
   
56,602,425
   
-
 
Consumer
  
169,895
   
48,785
   
54,306
   
272,986
   
4,724,037
   
4,997,023
   
53,184
 
Other loans
  
-
   
-
   
-
   
-
   
5,271,062
   
5,271,062
   
-
 
Total
 
$
828,514
  
$
449,329
  
$
2,163,126
  
$
3,440,969
  
$
189,591,389
  
$
193,032,358
  
$
53,184
 
Percentage of total loans
  
0.43
%
  
0.23
%
  
1.12
%
  
1.78
%
  
98.22
%
  
100.00
%
    
                             
Non-accruals included above
                            
Construction and development
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-
  
$
-
     
1-4 family residential
  
162,027
   
56,664
   
172,981
   
391,672
   
112,752
   
504,424
     
Nonfarm, nonresidential
  
133,147
   
-
   
663,902
   
797,049
   
395,558
   
1,192,607
     
Commercial and industrial
  
18,859
   
-
   
1,271,937
   
1,290,796
   
-
   
1,290,796
     
Consumer
  
-
   
-
   
1,122
   
1,122
   
-
   
1,122
     
Other loans
  
-
   
-
   
-
   
-
   
-
   
-
     
  
$
314,033
  
$
56,664
  
$
2,109,942
  
$
2,480,639
  
$
508,310
  
$
2,988,949
     
                             
2013
                            
                             
Construction and development
 
$
-
  
$
-
  
$
-
  
$
-
  
$
6,353,787
  
$
6,353,787
  
$
-
 
1-4 family residential
  
544,559
   
165,244
   
173,786
   
883,589
   
39,320,389
   
40,203,978
   
-
 
Nonfarm, nonresidential
  
193,411
   
336,036
   
791,148
   
1,320,595
   
58,995,423
   
60,316,018
   
-
 
Commercial and industrial
  
84,145
   
2,528
   
929,552
   
1,016,225
   
65,596,759
   
66,612,984
   
15,837
 
Consumer
  
103,463
   
68,767
   
20,742
   
192,972
   
5,492,435
   
5,685,407
   
19,601
 
Other loans
  
-
   
-
   
-
   
-
   
3,842,901
   
3,842,901
   
-
 
Total
 
$
925,578
  
$
572,575
  
$
1,915,228
  
$
3,413,381
  
$
179,601,694
  
$
183,015,075
  
$
35,438
 
Percentage of total loans
  
0.51
%
  
0.31
%
  
1.05
%
  
1.87
%
  
98.13
%
  
100.00
%
    
                             
Non-accruals included above
                            
Construction and development
 
$
-
  
$
-
  
$
-
  
$
-
  
$
70,058
  
$
70,058
     
1-4 family residential
  
29,269
   
-
   
173,786
   
203,055
   
190,032
   
393,087
     
Nonfarm, nonresidential
  
85,646
   
-
   
791,148
   
876,794
   
1,222,090
   
2,098,884
     
Commercial and industrial
  
-
   
-
   
913,715
   
913,715
   
321,592
   
1,235,307
     
Consumer
  
259
   
547
   
1,141
   
1,947
   
1,044
   
2,991
     
Other loans
  
-
   
-
   
-
   
-
   
-
   
-
     
  
$
115,174
  
$
547
  
$
1,879,790
  
$
1,995,511
  
$
1,804,816
  
$
3,800,327
     
Loans by Credit Quality Indicator
Loans by credit quality indicator are provided in the following table.

  
Total
  
Pass Credits
  
Special
Mention
  
Substandard
  
Doubtful
 
December 31, 2014
          
           
Construction and development
 
$
10,061,249
  
$
10,061,249
  
$
-
  
$
-
  
$
-
 
1-4 family residential
  
41,824,806
   
41,009,963
   
641,862
   
172,981
   
-
 
Nonfarm, nonresidential
  
74,275,793
   
72,657,724
   
1,618,069
   
-
   
-
 
Commercial and industrial
  
56,602,425
   
55,274,007
   
1,328,418
   
-
   
-
 
Consumer
  
4,997,023
   
4,996,479
   
544
   
-
   
-
 
Other loans
  
5,271,062
   
5,254,896
   
16,166
   
-
   
-
 
  
$
193,032,358
  
$
189,254,318
  
$
3,605,059
  
$
172,981
  
$
-
 
                     
   
100.0
%
  
98.0
%
  
1.9
%
  
0.1
%
  
-
%
                     
Guaranteed portion of loans
                    
                     
Construction and development
 
$
15,604
  
$
15,604
  
$
-
  
$
-
  
$
-
 
1-4 family residential
  
584,842
   
306,212
   
278,630
   
-
   
-
 
Nonfarm, nonresidential
  
29,914,244
   
29,082,499
   
831,745
   
-
   
-
 
Commercial and industrial
  
13,858,258
   
12,877,497
   
980,761
   
-
   
-
 
Consumer
  
-
   
-
   
-
   
-
   
-
 
Other loans
  
768,869
   
760,786
   
8,083
   
-
   
-
 
  
$
45,141,817
  
$
43,042,598
  
$
2,099,219
  
$
-
  
$
-
 
                     
  
Total
  
Pass Credits
  
Special
Mention
  
Substandard
  
Doubtful
 
                     
December 31, 2013
                     
Construction and development
 
$
6,353,787
  
$
6,283,729
  
$
70,058
  
$
-
  
$
-
 
1-4 family residential
  
40,203,978
   
39,586,647
   
617,331
   
-
   
-
 
Nonfarm, nonresidential
  
60,316,018
   
58,188,799
   
2,022,868
   
104,351
   
-
 
Commercial and industrial
  
66,612,984
   
64,556,331
   
2,056,653
   
-
   
-
 
Consumer
  
5,685,407
   
5,684,245
   
1,162
   
-
   
-
 
Other loans
  
3,842,901
   
3,842,901
   
-
   
-
   
-
 
  
$
183,015,075
  
$
178,142,652
  
$
4,768,072
  
$
104,351
  
$
-
 
                     
   
100.0
%
  
97.3
%
  
2.6
%
  
0.1
%
  
-
%
                     
Guaranteed portion of loans
                    
                     
Construction and development
 
$
73,000
  
$
73,000
  
$
-
  
$
-
  
$
-
 
1-4 family residential
  
673,854
   
629,939
   
43,915
   
-
   
-
 
Nonfarm, nonresidential
  
26,835,404
   
26,063,658
   
771,746
   
-
   
-
 
Commercial and industrial
  
19,589,284
   
18,737,759
   
851,525
   
-
   
-
 
Consumer
  
-
   
-
   
-
   
-
   
-
 
Other loans
  
544,195
   
544,195
   
-
   
-
   
-
 
  
$
47,715,737
  
$
46,048,551
  
$
1,667,186
  
$
-
  
$
-
 
TDRs for which Allowance for Loan Losses Measured
  
For the year ended
December 31, 2014
  For the year ended
December 31, 2013
 
  
Number of Contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
  
Number of Contracts
  
Pre-Modification Outstanding Recorded Investment
  
Post-Modification Outstanding Recorded Investment
 
Troubled Debt Restructurings
            
Construction and development
  
-
  
$
-
  
$
-
   
-
  
$
-
  
$
-
 
1-4 Family residential
  
4
   
327,724
   
331,425
   
1
   
55,336
   
55,336
 
Nonfarm, nonresidential
  
-
   
-
   
-
   
1
   
145,219
   
145,219
 
Commercial and industrial
  
-
   
-
   
-
   
1
   
22,065
   
22,065