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Loans (Tables)
12 Months Ended
Dec. 31, 2019
Receivables [Abstract]  
Summary of Loans
Loans at December 31, 2019 and 2018 were as follows:
December 31,
2019
December 31,
2018
Loans
Construction and land development$591,541  $584,440  
Commercial real estate:
Nonfarm, nonresidential944,021  754,243  
Other49,891  51,017  
Residential real estate:
Closed-end 1-4 family455,920  493,065  
Other187,681  189,817  
Commercial and industrial582,641  596,793  
Consumer and other4,769  5,568  
Loans before net deferred loan fees2,816,464  2,674,943  
Deferred loan fees, net(4,020) (2,544) 
Total loans2,812,444  2,672,399  
Allowance for loan losses(45,436) (23,451) 
Total loans, net of allowance for loan losses$2,767,008  $2,648,948  
Activity in Allowance for Loan Losses by Portfolio Segment
The following table presents the activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2019, 2018 and 2017:
Construction
and Land
Development
Commercial
Real
Estate
Residential
Real
Estate
Commercial
and
Industrial
Consumer
and
Other
Total
December 31, 2019
Allowance for loan losses:
Beginning balance$4,743  $6,725  $4,743  $7,166  $74  $23,451  
Provision for loan losses172  1,388  (281) 30,732  36  32,047  
Loans charged-off(68) —  (15) (10,227) (147) (10,457) 
Recoveries—  —  15  286  94  395  
Total ending allowance balance$4,847  $8,113  $4,462  $27,957  $57  $45,436  

Construction
and Land
Development
Commercial
Real
Estate
Residential
Real
Estate
Commercial
and
Industrial
Consumer
and
Other
Total
December 31, 2018
Allowance for loan losses:
Beginning balance$3,802  $5,981  $3,834  $7,587  $43  $21,247  
Provision for loan losses978  744  872  (383) 43  2,254  
Loans charged-off(38) —  (7) (49) (27) (121) 
Recoveries —  44  11  15  71  
Total ending allowance balance$4,743  $6,725  $4,743  $7,166  $74  $23,451  

Construction
and Land
Development
Commercial
Real
Estate
Residential
Real
Estate
Commercial
and
Industrial
Consumer
and
Other
Total
December 31, 2017
Allowance for loan losses:
Beginning balance$3,776  $4,266  $2,398  $6,068  $45  $16,553  
Provision for loan losses(642) 1,715  1,387  1,823  30  4,313  
Loans charged-off—  —  (1) (310) (49) (360) 
Recoveries668  —  50   17  741  
Total ending allowance balance$3,802  $5,981  $3,834  $7,587  $43  $21,247  
Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment and Based on Impairment Method The following table presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment method as of December 31, 2019 and 2018. Purchased and PCI loans are also included in the table. For purposes of this disclosure, recorded investment in loans excludes accrued interest receivable and loan fees, net due to immateriality.
Construction
and Land
Development
Commercial
Real
Estate
Residential
Real
Estate
Commercial
and
Industrial
Consumer
and
Other
Total
December 31, 2019
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment$—  $—  $17  $20,754  $—  $20,771  
Collectively evaluated for impairment4,847  8,113  4,445  7,203  57  24,665  
Total ending allowance balance$4,847  $8,113  $4,462  $27,957  $57  $45,436  
Loans:
Individually evaluated for impairment$30  $—  $2,477  $24,528  $—  $27,035  
Collectively evaluated for impairment591,511  993,912  641,124  558,113  4,769  2,789,429  
Total ending loans balance$591,541  $993,912  $643,601  $582,641  $4,769  $2,816,464  

Construction
and Land
Development
Commercial
Real
Estate
Residential
Real
Estate
Commercial
and
Industrial
Consumer
and
Other
Total
December 31, 2018
Allowance for loan losses:
Ending allowance balance attributable to loans:
Individually evaluated for impairment$—  $—  $—  $17  $—  $17  
Collectively evaluated for impairment4,743  6,725  4,743  7,149  74  23,434  
Total ending allowance balance$4,743  $6,725  $4,743  $7,166  $74  $23,451  
Loans:
Individually evaluated for impairment$2,298  $—  $3,189  $167  $—  $5,654  
Collectively evaluated for impairment582,142  805,260  679,693  596,626  5,568  2,669,289  
Total ending loans balance$584,440  $805,260  $682,882  $596,793  $5,568  $2,674,943  
Summary of Impaired Loans by Class of Loans
The following table presents information related to impaired loans by class of loans as of December 31, 2019 and 2018:
Unpaid
Principal
Balance
Recorded
Investment
Allowance for
Loan Losses
Allocated
December 31, 2019
With no allowance recorded:
Construction and land development$30  $30  $—  
Residential real estate:
Closed-end 1-4 family319  311  —  
Other1,523  1,523  —  
Commercial and industrial11  11  —  
Subtotal1,883  1,875  —  
With an allowance recorded:
Residential real estate:
Closed-end 1-4 family643  643  17  
Commercial and industrial24,517  24,517  20,754  
Subtotal25,160  25,160  20,771  
Total$27,043  $27,035  $20,771  
December 31, 2018
With no allowance recorded:
Construction and land development$2,298  $2,298  $—  
Residential real estate:
Closed-end 1-4 family1,280  1,272  —  
Other1,917  1,917  —  
Subtotal5,495  5,487  —  
With an allowance recorded:
Commercial and industrial167  167  17  
Subtotal167  167  17  
Total$5,662  $5,654  $17  
The following table presents the average recorded investment of impaired loans by class of loans for the years ended December 31, 2019, 2018 and 2017:

Average Recorded Investment201920182017
With no allowance recorded:
Construction and land development$301  $378  $921  
Commercial real estate:
Nonfarm, nonresidential13  —  1,796  
Residential real estate:
Closed-end 1-4 family587  715  649  
Other1,286  553  331  
Commercial and industrial670  655  899  
Consumer and other—  —   
Subtotal2,857  2,301  4,597  
With an allowance recorded:
Construction and land development147  —  —  
Commercial real estate
Nonfarm, nonresidential40  00
Residential real estate:
Closed-end 1-4 family56  —  22  
Commercial and industrial4,403  993  2,480  
Subtotal4,646  993  2,502  
Total$7,503  $3,294  $7,099  
Schedule of Recorded Investment in Nonaccrual and Loans Past Due Over 90 Days on Accrual by Class of Loans
The following table presents the recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of December 31, 2019 and 2018:
NonaccrualLoans Past Due
Over 90 Days
December 31, 2019
Construction loans$30  $—  
Residential real estate:
Closed-end 1-4 family954  —  
Other1,523  —  
Commercial and industrial24,528  654  
Total$27,035  $654  
December 31, 2018
Construction loans$2,298  $—  
Residential real estate:
Closed-end 1-4 family1,273  —  
Other1,917  —  
Commercial and industrial—  208  
Total$5,488  $208  
Schedule of Aging of Recorded Investment in Past Due Loans by Class of Loans
The following table presents the aging of the recorded investment in past due loans as of December 31, 2019 and 2018 by class of loans:
30-59
Days
Past Due
60-89
Days
Past Due
Greater
Than
89 Days
Past Due
Total
Past Due
Loans
Not
Past Due
Total
December 31, 2019
Construction and land development$508  $—  $30  $538  $591,003  $591,541  
Commercial real estate:
Nonfarm, nonresidential3,981  —  —  3,981  940,040  944,021  
Other—  —  —  —  49,891  49,891  
Residential real estate:
Closed-end 1-4 family2,688  224   2,920  453,000  455,920  
Other85  961  555  1,601  186,080  187,681  
Commercial and industrial663  7,156  735  8,554  574,087  582,641  
Consumer and other—  —  —  —  4,769  4,769  
$7,925  $8,341  $1,328  $17,594  $2,798,870  $2,816,464  
December 31, 2018
Construction and land development$294  $1,986  $548  $2,828  $581,612  $584,440  
Commercial real estate:
Nonfarm, nonresidential515  —  —  515  753,728  754,243  
Other—  —  —  —  51,017  51,017  
Residential real estate:
Closed-end 1-4 family2,390  404  228  3,022  490,043  493,065  
Other142  —  1,810  1,952  187,865  189,817  
Commercial and industrial241  252  208  701  596,092  596,793  
Consumer and other—  —  —  —  5,568  5,568  
$3,582  $2,642  $2,794  $9,018  $2,665,925  $2,674,943  
Summary of Risk Category of Loans by Class of Loans Based on the most recent analysis performed, the risk category of loans by class of loans is as follows as of December 31, 2019 and 2018:
PassSpecial
Mention
SubstandardTotal
December 31, 2019
Construction and land development$591,293  $248  $—  $591,541  
Commercial real estate:
Nonfarm, nonresidential941,260  997  1,764  944,021  
Other49,891  —  —  49,891  
Residential real estate:
Closed-end 1-4 family452,363  825  2,732  455,920  
Other185,170  —  2,511  187,681  
Commercial and industrial539,442  943  42,256  582,641  
Consumer and other4,769  —  —  4,769  
$2,764,188  $3,013  $49,263  $2,816,464  
December 31, 2018
Construction and land development$580,468  $1,416  $2,556  $584,440  
Commercial real estate:
Nonfarm, nonresidential739,469  14,774  —  754,243  
Other51,017  —  —  51,017  
Residential real estate:
Closed-end 1-4 family489,781  948  2,336  493,065  
Other186,485  404  2,928  189,817  
Commercial and industrial557,589  8,313  30,891  596,793  
Consumer and other5,567   —  5,568  
$2,610,376  $25,856  $38,711  $2,674,943