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Allowance for Loan Losses (Tables)
3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Summary of Changes in Allowance for Loan Losses and Allowance and Loans Individually and Collectively Evaluated for Impairment
A summary of changes in the allowance for loan losses, by portfolio type, for the three months ended March 31, 2020 and 2019 are as follows: 

 For the Three Months Ended March 31,
 20202019
(in thousands)Beginning
Allowance
(12/31/2019)
Charge-offsRecoveriesProvisionEnding
Allowance
(3/31/2020)
Beginning
Allowance
(12/31/2018)
Charge-offsRecoveriesProvisionEnding
Allowance
(3/31/19)
Real Estate:          
Construction & land development$423  $—  $—  $266  $689  $581  $—  $—  $19  $600  
Farmland50  —  —  (3) 47  41  —  —   44  
1- 4 family1,027  (10) 12  398  1,427  911  (16)  (18) 879  
Multifamily1,038  —  —  (102) 936  1,318  —  —  10  1,328  
Non-farm
non-residential
5,277  —  —  391  5,668  4,771  —   69  4,843  
Total Real Estate7,815  (10) 12  950  8,767  7,622  (16)  83  7,694  
Non-Real Estate:          
Agricultural95  —  —  —  95  339  —  —  15  354  
Commercial
and industrial
1,909  (92)  368  2,192  1,909  (246)  305  1,976  
Consumer and other1,110  (196) 66  (85) 895  891  (374) 61  370  948  
Unallocated—  —  —  12  12  15  —  —  14  29  
Total Non-Real Estate3,114  (288) 73  295  3,194  3,154  (620) 69  704  3,307  
Total$10,929  $(298) $85  $1,245  $11,961  $10,776  $(636) $74  $787  $11,001  
 
Negative provisions are caused by changes in the composition and credit quality of the loan portfolio and by recoveries. The result is an allocation of the loan loss reserve from one category to another.
A summary of the allowance and loans, including loans acquired with deteriorated credit quality, individually and collectively evaluated for impairment are as follows: 

As of March 31, 2020
(in thousands)Allowance
Individually
Evaluated
for Impairment
Allowance Individually Evaluated for Purchased Credit-ImpairmentAllowance
Collectively Evaluated
for Impairment
Total Allowance
for Credit Losses
Loans
Individually
Evaluated
for Impairment
Loans Individually Evaluated for Purchased Credit-ImpairmentLoans
Collectively
Evaluated
for Impairment
Total Loans
before
Unearned Income
Real Estate:        
Construction & land development$234  $—  $455  $689  $538  $415  $124,248  $125,201  
Farmland—  —  47  47  543  —  21,297  21,840  
1- 4 family135  —  1,292  1,427  1,156  5,455  279,546  286,157  
Multifamily—  —  936  936  —  869  27,079  27,948  
Non-farm
non-residential
1,878  —  3,790  5,668  13,356  2,416  638,309  654,081  
Total Real Estate2,247  —  6,520  8,767  15,593  9,155  1,090,479  1,115,227  
Non-Real Estate:        
Agricultural—  —  95  95  4,030  —  21,290  25,320  
Commercial and industrial105  —  2,087  2,192  2,258  1,169  294,758  298,185  
Consumer and other—  —  895  895  —   108,918  108,922  
Unallocated—  —  12  12  —  —  —  —  
Total Non-Real Estate105  —  3,089  3,194  6,288  1,173  424,966  432,427  
Total$2,352  $—  $9,609  $11,961  $21,881  $10,328  $1,515,445  1,547,654  
Unearned Income       (3,522) 
Total Loans Net of Unearned Income       $1,544,132  
 

 As of December 31, 2019
(in thousands)Allowance
Individually
Evaluated
for Impairment
Allowance Individually Evaluated for Purchased Credit-ImpairmentAllowance
Collectively Evaluated
for Impairment
Total Allowance
for Credit Losses
Loans
Individually
Evaluated
for Impairment
Loans Individually Evaluated for Purchased Credit-ImpairmentLoans
Collectively
Evaluated
for Impairment
Total Loans
before
Unearned Income
Real Estate:        
Construction & land development$—  $—  $423  $423  $—  $526  $171,721  $172,247  
Farmland—  —  50  50  543  —  22,198  22,741  
1- 4 family34  —  993  1,027  1,058  6,402  282,175  289,635  
Multifamily—  —  1,038  1,038  —  —  23,973  23,973  
Non-farm non-residential1,879  —  3,398  5,277  12,120  2,294  602,122  616,536  
Total Real Estate1,913  —  5,902  7,815  13,721  9,222  1,102,189  1,125,132  
Non-Real Estate:        
Agricultural—  —  95  95  4,030  —  22,680  26,710  
Commercial and industrial111  —  1,798  1,909  2,981  1,198  264,077  268,256  
Consumer and other—  —  1,110  1,110  —  —  108,868  108,868  
Unallocated—  —  —  —  —  —  —  —  
Total Non-Real Estate111  —  3,003  3,114  7,011  1,198  395,625  403,834  
Total$2,024  $—  $8,905  $10,929  $20,732  $10,420  $1,497,814  1,528,966  
Unearned Income       (3,476) 
Total loans net of unearned income       $1,525,490  
Summary of Impaired Loans, Excluding Loans Acquired with Deteriorated Credit Quality, by Class
The following is a summary of impaired loans, excluding loans acquired with deteriorated credit quality, by class as of the date indicated: 

 As of March 31, 2020
(in thousands)Recorded
Investment
Unpaid
Principal Balance
Related
Allowance
Average
Recorded Investment
Interest Income
Recognized
Interest Income
Cash Basis
Impaired Loans with no related allowance:      
Real Estate:      
Construction & land development$—  $—  $—  $—  $—  $—  
Farmland543  552  —  543  —  —  
1- 4 family538  541  —  540  —  —  
Multifamily—  —  —  —  —  —  
Non-farm non-residential9,543  9,543  —  9,610  158  160  
Total Real Estate10,624  10,636  —  10,693  158  160  
Non-Real Estate:      
Agricultural4,030  4,186  —  4,030  —  —  
Commercial and industrial1,269  1,269  —  1,616  24  35  
Consumer and other—  —  —  —  —  —  
Total Non-Real Estate5,299  5,455  —  5,646  24  35  
Total Impaired Loans with no related allowance15,923  16,091  —  16,339  182  195  
Impaired Loans with an allowance recorded:      
Real Estate:      
Construction & land development539  539  234  538   —  
Farmland—  —  —  —  —  —  
1- 4 family617  617  135  584  —  —  
Multifamily—  —  —  —  —  —  
Non-farm non-residential3,813  4,162  1,878  3,813    
Total Real Estate4,969  5,318  2,247  4,935    
Non-Real Estate:      
Agricultural—  —  —  —  —  —  
Commercial and industrial989  989  105  1,000  17  15  
Consumer and other—  —  —  —  —  —  
Total Non-Real Estate989  989  105  1,000  17  15  
Total Impaired Loans with an allowance recorded5,958  6,307  2,352  5,935  24  16  
Total Impaired Loans$21,881  $22,398  $2,352  $22,274  $206  $211  
The following is a summary of impaired loans, excluding loans acquired with deteriorated credit quality, by class as of the date indicated: 

 As of December 31, 2019
(in thousands)Recorded
Investment
Unpaid
Principal Balance
Related
Allowance
Average
Recorded Investment
Interest Income
Recognized
Interest Income
Cash Basis
Impaired Loans with no related allowance:      
Real Estate:      
Construction & land development$—  $—  $—  $—  $—  $—  
Farmland543  552  —  550  —  —  
1- 4 family541  541  —  544  27  22  
Multifamily—  —  —  —  —  —  
Non-farm non-residential8,307  8,307  —  9,940  673  688  
Total Real Estate9,391  9,400  —  11,034  700  710  
Non-Real Estate:      
Agricultural4,030  4,186  —  4,031  12  —  
Commercial and industrial1,962  1,962  —  1,788  81  67  
Consumer and other—  —  —  —  —  —  
Total Non-Real Estate5,992  6,148  —  5,819  93  67  
Total Impaired Loans with no related allowance15,383  15,548  —  16,853  793  777  
Impaired Loans with an allowance recorded:      
Real Estate:      
Construction & land development—  —  —  —  —  —  
Farmland—  —  —  —  —  —  
1- 4 family517  517  34  522  —  —  
Multifamily—  —  —  —  —  —  
Non-farm non-residential3,813  4,162  1,879  4,134  194  212  
Total Real Estate4,330  4,679  1,913  4,656  194  212  
Non-Real Estate:      
Agricultural—  —  —  —  —  —  
Commercial and industrial1,019  1,019  111  1,039  81  77  
Consumer and other—  —  —  —  —  —  
Total Non-Real Estate1,019  1,019  111  1,039  81  77  
Total Impaired Loans with an allowance recorded5,349  5,698  2,024  5,695  275  289  
Total Impaired Loans$20,732  $21,246  $2,024  $22,548  $1,068  $1,066