XML 38 R26.htm IDEA: XBRL DOCUMENT v3.20.2
Allowance for Loan Losses (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2020 and 2019 are as follows: 

 For the Six Months Ended June 30,
 20202019
(in thousands)Beginning
Allowance
(12/31/2019)
Charge-offsRecoveriesProvisionEnding
Allowance
(6/30/2020)
Beginning
Allowance
(12/31/2018)
Charge-offsRecoveriesProvisionEnding
Allowance
(6/30/19)
Real Estate:          
Construction & land development$423  $—  $—  $194  $617  $581  $—  $—  $98  $679  
Farmland50  —  —  10  60  41  —  —   48  
1- 4 family1,027  (32) 29  190  1,214  911  (522) 31  303  723  
Multifamily1,038  —  —  (292) 746  1,318  —  —  32  1,350  
Non-farm
non-residential
5,277  —  15  2,546  7,838  4,771  (845)  585  4,515  
Total Real Estate7,815  (32) 44  2,648  10,475  7,622  (1,367) 35  1,025  7,315  
Non-Real Estate:          
Agricultural95  (45) —  72  122  339  —  —  161  500  
Commercial
and industrial
1,909  (180) 10  265  2,004  1,909  (343) 16  499  2,081  
Consumer and other1,110  (367) 577  (134) 1,186  891  (748) 118  736  997  
Unallocated—  —  —  230  230  15  —  —  —  15  
Total Non-Real Estate3,114  (592) 587  433  3,542  3,154  (1,091) 134  1,396  3,593  
Total$10,929  $(624) $631  $3,081  $14,017  $10,776  $(2,458) $169  $2,421  $10,908  
 
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 June 30, 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  $—  $383  $617  $539  $306  $127,206  $128,051  
Farmland—  —  60  60  543  —  25,148  25,691  
1- 4 family63  —  1,151  1,214  1,150  6,476  275,536  283,162  
Multifamily—  —  746  746  —  —  25,997  25,997  
Non-farm
non-residential
2,769  —  5,069  7,838  16,273  2,308  653,388  671,969  
Total Real Estate3,066  —  7,409  10,475  18,505  9,090  1,107,275  1,134,870  
Non-Real Estate:        
Agricultural—  —  122  122  4,030  —  29,854  33,884  
Commercial and industrial106  —  1,898  2,004  1,940  1,086  363,387  366,413  
Consumer and other—  —  1,186  1,186  —  —  111,293  111,293  
Unallocated—  —  230  230  —  —  —  —  
Total Non-Real Estate106  —  3,436  3,542  5,970  1,086  504,534  511,590  
Total$3,172  $—  $10,845  $14,017  $24,475  $10,176  $1,611,809  1,646,460  
Unearned Income       (5,737) 
Total Loans Net of Unearned Income       $1,640,723  
 

 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 June 30, 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 family527  527  —  536  —  —  
Multifamily—  —  —  —  —  —  
Non-farm non-residential6,095  6,095  —  6,118  137  44  
Total Real Estate7,165  7,174  —  7,197  137  44  
Non-Real Estate:      
Agricultural4,030  4,186  —  4,030  —  —  
Commercial and industrial951  951  —  952  27  23  
Consumer and other—  —  —  —  —  —  
Total Non-Real Estate4,981  5,137  —  4,982  27  23  
Total Impaired Loans with no related allowance12,146  12,311  —  12,179  164  67  
Impaired Loans with an allowance recorded:      
Real Estate:      
Construction & land development539  539  234  538   —  
Farmland—  —  —  —  —  —  
1- 4 family623  623  63  602  —  —  
Multifamily—  —  —  —  —  —  
Non-farm non-residential10,178  10,527  2,769  10,736  225  277  
Total Real Estate11,340  11,689  3,066  11,876  231  277  
Non-Real Estate:      
Agricultural—  —  —  —  —  —  
Commercial and industrial989  989  106  994  32  15  
Consumer and other—  —  —  —  —  —  
Total Non-Real Estate989  989  106  994  32  15  
Total Impaired Loans with an allowance recorded12,329  12,678  3,172  12,870  263  292  
Total Impaired Loans$24,475  $24,989  $3,172  $25,049  $427  $359  
 As of December 31, 2019
(in thousands)Recorded
Investment
Unpaid
Principal Balance
Related
Allowance
Average
Recorded Investment
Interest Income
Recognized
Interest Income
Cash Basis
Impaired Loans with no related allowance:      
Real Estate:      
Construction & land development$—  $—  $—  $—  $—  $—  
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