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Troubled Debt Restructurings
 9 Months Ended
Sep. 30, 2013
Text Block [Abstract]  
Troubled Debt Restructurings

NOTE 7. TROUBLED DEBT RESTRUCTURINGS

For the quarters and nine months ended September 30, 2013 and 2012, the following table presents loans modified during the period that were considered to be troubled debt restructurings.

 

     For the three months ended
September 30, 2013		      For the nine months ended
September 30, 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

      —           —           —           1         54,376         54,376   

Nonfarm, nonresidential

      —           —           —           1         145,219         145,219   

Commercial and industrial

      —           —           —           —           —           —     

 

     For the three months ended
September 30, 2012		      For the nine months ended
September 30, 2012		  
     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       $ 237,883       $ 237,883   

1-4 Family residential

      —           —           —           1         113,743         116,438   

Nonfarm, nonresidential

      —           —           —           1         96,028         96,028   

Commercial and industrial

      —           —           —           2         343,060         343,060   

During the nine months ended September 30, 2013, no loans that had previously been restructured were in default.

In the determination of the allowance for loan losses, management considers troubled debt restructurings and subsequent defaults in these restructurings by adjusting the loan grades of such loans, which figure into the environmental factors associated with the allowance. Defaults resulting in charge-offs affect the historical loss experience ratios which are a component of the allowance calculation. Additionally, specific reserves may be established on restructured loans evaluated individually.