FIRST COMMUNITY BANKSHARES INC /VA/, 10-Q filed on 8/2/2024
Quarterly Report
v3.24.2.u1
Document And Entity Information - shares
 6 Months Ended
Jun. 30, 2024
Jul. 29, 2024
Document Information [Line Items]    
Entity Central Index Key 0000859070  
Entity Registrant Name FIRST COMMUNITY BANKSHARES INC /VA/  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Document Fiscal Period Focus Q2  
Document Fiscal Year Focus 2024  
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2024  
Document Transition Report false  
Entity File Number 000-19297  
Entity Incorporation, State or Country Code VA  
Entity Tax Identification Number 55-0694814  
Entity Address, Address Line One P.O. Box 989  
Entity Address, City or Town Bluefield  
Entity Address, State or Province VA  
Entity Address, Postal Zip Code 24605-0989  
City Area Code 276  
Local Phone Number 326-9000  
Title of 12(b) Security Common Stock ($1.00 par value)  
Trading Symbol FCBC  
Security Exchange Name NASDAQ  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   18,270,495
v3.24.2.u1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
 [1]
Assets    
Cash and due from banks $ 75,496 $ 77,563
Federal funds sold 252,518 37,312
Interest-bearing deposits in banks 1,863 1,545
Total cash and cash equivalents 329,877 116,420
Debt securities available-for-sale, at fair value 129,686 280,961
Loans held for investment, net of unearned income 2,473,268 2,572,298
Allowance for credit losses (34,885) (36,189)
Loans held for investment, net 2,438,383 2,536,109
Premises and equipment, net 50,528 50,680
Other real estate owned 100 192
Interest receivable 9,984 10,881
Goodwill 143,946 143,946
Other intangible assets 14,085 15,145
Other assets 116,230 114,211
Total assets 3,232,819 3,268,545
Liabilities    
Noninterest-bearing 889,462 931,920
Interest-bearing 1,787,810 1,790,405
Total deposits 2,677,272 2,722,325
Securities sold under agreements to repurchase 894 1,119
Interest, taxes, and other liabilities 45,769 41,807
Total liabilities 2,723,935 2,765,251
Stockholders' equity    
Preferred stock, undesignated par value; 1,000,000 shares authorized; Series A Noncumulative Convertible Preferred Stock, $0.01 par value; 25,000 shares authorized; none outstanding 0 0
Common stock, $1 par value; 50,000,000 shares authorized; 27,534,864 shares issued and 18,270,273 outstanding at June 30, 2024; 27,522,547 shares issued and 18,502,396 outstanding at December 31, 2023 18,270 18,502
Additional paid-in capital 168,272 175,841
Retained earnings 334,756 319,902
Accumulated other comprehensive loss (12,414) (10,951)
Total stockholders' equity 508,884 503,294
Total liabilities and stockholders' equity $ 3,232,819 $ 3,268,545
[1] Derived from audited financial statements
v3.24.2.u1
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares
Jun. 30, 2024
Dec. 31, 2023
 [1]
Common stock, par value (in dollars per share) $ 1 $ 1
Common stock, authorized (in shares) 50,000,000 50,000,000
Common stock, issued (in shares) 27,534,864 27,522,547
Common stock, outstanding (in shares) 18,270,273 18,502,396
Undesignated Par Value [Member]    
Preferred stock, no par value (in dollars per share) $ 0 $ 0
Preferred stock, authorized (in shares) 1,000,000 1,000,000
Designated Par Value [Member]    
Preferred stock, authorized (in shares) 25,000 25,000
Preferred stock, par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock, outstanding (in shares) 0 0
[1] Derived from audited financial statements
v3.24.2.u1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest income:        
Interest and fees on loans $ 32,696 $ 31,927 $ 66,114 $ 59,555
Interest on securities -- taxable 1,089 1,898 2,652 3,832
Interest on securities -- tax-exempt 122 159 257 324
Interest on deposits in banks 2,882 885 3,795 1,347
Total interest income 36,789 34,869 72,818 65,058
Interest expense:        
Interest on deposits 4,877 1,930 9,242 2,648
Interest on short-term borrowings 0 77 35 136
Total interest expense 4,877 2,007 9,277 2,784
Net interest income 31,912 32,862 63,541 62,274
Provision for credit losses 144 4,105 1,155 5,847
Net interest income after provision for credit losses 31,768 28,757 62,386 56,427
Noninterest income:        
Gain on sale of securities (0) (28) 0 (21)
Other operating income 1,180 917 2,580 2,235
Total noninterest income 9,342 8,785 18,601 17,368
Noninterest expense:        
Salaries and employee benefits 12,491 12,686 25,072 24,281
Occupancy expense 1,309 1,276 2,687 2,444
Furniture and equipment expense 1,687 1,508 3,232 2,909
Service fees 2,427 2,284 4,876 4,303
Advertising and public relations 933 846 1,729 1,489
Professional fees 330 281 702 608
Amortization of intangibles 530 425 1,060 659
FDIC premiums and assessments 364 423 733 743
Merger expenses 0 2,014 0 2,393
Litigation expense 1,800 0 1,800 0
Other operating expense 3,026 2,928 6,392 5,655
Total noninterest expense 24,897 24,671 48,283 45,484
Income before income taxes 16,213 12,871 32,704 28,311
Income tax expense 3,527 3,057 7,173 6,715
Net income $ 12,686 $ 9,814 $ 25,531 $ 21,596
Earnings per common share        
Basic (in dollars per share) $ 0.69 $ 0.53 $ 1.39 $ 1.25
Diluted (in dollars per share) $ 0.71 $ 0.55 $ 1.42 $ 1.26
Weighted average shares outstanding        
Basic (in shares) 18,343,958 18,407,078 18,410,043 17,323,706
Diluted (in shares) 18,409,876 18,431,598 18,475,110 17,363,478
Fiduciary and Trust [Member]        
Noninterest income:        
Noninterest income $ 1,064 $ 965 $ 2,163 $ 1,982
Deposit Account [Member]        
Noninterest income:        
Noninterest income 3,428 3,471 6,738 6,630
Financial Service, Other [Member]        
Noninterest income:        
Noninterest income $ 3,670 $ 3,460 $ 7,120 $ 6,542
v3.24.2.u1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net income $ 12,686 $ 9,814 $ 25,531 $ 21,596
Other comprehensive income (loss), before tax        
Change in net unrealized (losses) gains on debt securities (654) (1,593) (1,852) 1,570
Reclassification adjustment for loss recognized in net income 0 28 0 21
Net unrealized (losses) gains on available-for-sale debt securities (654) (1,565) (1,852) 1,591
Employee benefit plans:        
Net actuarial loss (9) (31) (18) (63)
Reclassification adjustment for amortization of prior service cost and net actuarial loss recognized in net income 9 31 18 63
Net unrealized gains (losses) on employee benefit plans 0 0 0 0
Other comprehensive (loss) income, before tax (654) (1,565) (1,852) 1,591
Income tax (benefit) expense (139) (329) (389) 333
Other comprehensive (loss) gain, net of tax (515) (1,236) (1,463) 1,258
Total comprehensive income $ 12,171 $ 8,578 $ 24,068 $ 22,854
v3.24.2.u1
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock [Member]
Common Stock Outstanding [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance (in shares) at Dec. 31, 2022 0 16,225,399        
Balance at Dec. 31, 2022 $ 0 $ 16,225 $ 128,508 $ 292,971 $ (15,719) $ 421,985
Surrey acquisition (in shares) 0 2,996,786        
Surrey acquisition $ 0 $ 2,997 68,357 0 0 71,354
Net income 0 0 0 21,596 0 21,596
Other comprehensive income 0 0 0 0 1,258 1,258
Common dividends declared $ 0 $ 0 0 (10,272) 0 (10,272)
Equity-based compensation expense (in shares) 0 24,243        
Equity-based compensation expense $ 0 $ 24 408 0 0 432
Common stock options exercised (in shares) 0 2,158        
Common stock options exercised $ 0 $ 2 46 0 0 48
Repurchase of common shares (in shares) 0 (279,567)        
Repurchase of common shares $ 0 $ (279) (7,410) 0 0 (7,689)
Issuance of common stock to 401(k) plan (in shares) 0 262        
Issuance of common stock to 401(k) plan $ 0 $ 0 8 0 0 8
Balance (in shares) at Jun. 30, 2023 0 18,969,281        
Balance at Jun. 30, 2023 $ 0 $ 18,969 189,917 304,295 (14,461) 498,720
Balance (in shares) at Mar. 31, 2023 0 16,243,551        
Balance at Mar. 31, 2023 $ 0 $ 16,243 128,666 300,047 (13,225) 431,731
Surrey acquisition (in shares) 0 2,996,786        
Surrey acquisition $ 0 $ 2,997 68,357 0 0 71,354
Net income 0 0 0 9,814 0 9,814
Other comprehensive income 0 0 0 0 (1,236) (1,236)
Common dividends declared $ 0 $ 0 0 (5,566) 0 (5,566)
Equity-based compensation expense (in shares) 0 8,511        
Equity-based compensation expense $ 0 $ 9 304 0 0 313
Common stock options exercised (in shares) 0 0        
Common stock options exercised $ 0 $ 0 0 0 0 0
Repurchase of common shares (in shares) 0 (279,567)        
Repurchase of common shares $ 0 $ (280) (7,410) 0 0 (7,690)
Balance (in shares) at Jun. 30, 2023 0 18,969,281        
Balance at Jun. 30, 2023 $ 0 $ 18,969 189,917 304,295 (14,461) 498,720
Balance (in shares) at Dec. 31, 2023 0 18,502,396        
Balance at Dec. 31, 2023 $ 0 $ 18,502 175,841 319,902 (10,951) 503,294 [1]
Net income 0 0 0 25,531 0 25,531
Other comprehensive income 0 0 0 0 (1,463) (1,463)
Common dividends declared $ 0 $ 0 0 (10,677) 0 (10,677)
Equity-based compensation expense (in shares) 0 9,204        
Equity-based compensation expense $ 0 $ 9 394 0 0 403
Common stock options exercised (in shares) 0 3,025        
Common stock options exercised $ 0 $ 3 39 0 0 42
Repurchase of common shares (in shares) 0 (244,440)        
Repurchase of common shares $ 0 $ (244) (8,005) 0 0 (8,249)
Issuance of common stock to 401(k) plan (in shares) 0 88        
Issuance of common stock to 401(k) plan $ 0 $ 0 3 0 0 3
Balance (in shares) at Jun. 30, 2024 0 18,270,273        
Balance at Jun. 30, 2024 $ 0 $ 18,270 168,272 334,756 (12,414) 508,884
Balance (in shares) at Mar. 31, 2024 0 18,413,088        
Balance at Mar. 31, 2024 $ 0 $ 18,413 173,041 327,389 (11,899) 506,944
Net income 0 0 0 12,686 0 12,686
Other comprehensive income 0 0 0 0 (515) (515)
Common dividends declared $ 0 $ 0 0 (5,319) 0 (5,319)
Equity-based compensation expense (in shares) 0 9,204        
Equity-based compensation expense $ 0 $ 9 313 0 0 322
Common stock options exercised (in shares) 0 3,025        
Common stock options exercised $ 0 $ 3 39 0 0 42
Repurchase of common shares (in shares) 0 (155,044)        
Repurchase of common shares $ 0 $ (155) (5,121) 0 0 (5,276)
Balance (in shares) at Jun. 30, 2024 0 18,270,273        
Balance at Jun. 30, 2024 $ 0 $ 18,270 $ 168,272 $ 334,756 $ (12,414) $ 508,884
[1] Derived from audited financial statements
v3.24.2.u1
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Common dividends declared, per share (in dollars per share) $ 0.29 $ 0.29 $ 0.58 $ 0.58
Repurchase of common shares, per share (in dollars per share) $ 34.03 $ 27.51 $ 33.75 $ 27.51
v3.24.2.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income $ 25,531 $ 21,596
Adjustments to reconcile net income to net cash provided by operating activities    
Provision for credit losses 1,155 5,847
Depreciation and amortization of premises and equipment 2,224 1,912
Accretion of discounts on investments (329) (2,015)
Amortization of intangible assets 1,060 659
Accretion on acquired loans (1,443) (1,077)
Equity-based compensation expense 403 432
Issuance of common stock to 401(k) plan 3 8
Loss on sale of premises and equipment, net 8 12
Loss on sale of other real estate owned 32 41
Net loss on sale of securities 0 21
Decrease (increase) in accrued interest receivable 897 (906)
Increase in other operating activities 1,843 1,247
Net cash provided by operating activities 31,384 27,777
Investing activities    
Proceeds from sale of securities available-for-sale 0 38,979
Proceeds from maturities, prepayments, and calls of securities available-for-sale 155,005 25,788
Payments to acquire securities available-for-sale (5,252) (54,272)
Net decrease in loans 97,437 16,752
Proceeds from the sale (purchase) of FHLB stock, net 265 (146)
Proceeds from bank owned life insurance 585 0
Cash proceeds from merger, net 0 176,684
Proceeds from sale of premises and equipment 13 12
Payments to acquire premises and equipment (2,150) (1,931)
Proceeds from sale of other real estate owned 332 382
Net cash provided by (used in) investing activities 246,235 202,248
Financing activities    
Decrease in noninterest-bearing deposits, net (42,458) (55,562)
Decrease in interest-bearing deposits, net (2,595) (174,210)
Repayments from securities sold under agreements to repurchase, net (225) (526)
Proceeds from stock options exercised 42 48
Payments for repurchase of common stock (8,249) (7,689)
Payments of common dividends (10,677) (10,272)
Net cash (used in) provided by financing activities (64,162) (248,211)
Net decrease in cash and cash equivalents 213,457 (18,186)
Cash and cash equivalents at beginning of period 116,420 170,846
Cash and cash equivalents at end of period 329,877 152,660
Supplemental disclosure -- cash flow information    
Cash paid for interest 9,021 2,645
Cash paid for income taxes 6,056 4,641
Supplemental transactions -- noncash items    
Transfer of loans to other real estate owned 272 79
Loans originated to finance other real estate owned 0 20
(Decrease) increase in accumulated other comprehensive income (loss), net of taxes $ (1,463) $ 1,258
v3.24.2.u1
Note 1 - Basis of Presentation
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Basis of Presentation and Significant Accounting Policies [Text Block]

Note 1. Basis of Presentation

 

General

 

First Community Bankshares, Inc. (the “Company”), a financial holding company, was founded in 1989 and reincorporated under the laws of the Commonwealth of Virginia. The Company’s principal executive office is located in Bluefield, Virginia. The Company provides banking products and services to individual and commercial customers through its wholly owned subsidiary First Community Bank (the “Bank”), a Virginia-chartered banking institution founded in 1874. The Bank offers wealth management and investment advice through its Trust Division and wholly owned subsidiary First Community Wealth Management.  Unless the context suggests otherwise, the terms “First Community,” “Company,” “we,” “our,” and “us” refer to First Community Bankshares, Inc. and its subsidiaries as a consolidated entity.

 

Principles of Consolidation

 

The Company’s accounting and reporting policies conform with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The consolidated financial statements include all accounts of the Company and its wholly owned subsidiaries and eliminate all intercompany balances and transactions. The Company operates in one business segment, Community Banking, which consists of all operations, including commercial and consumer banking, lending activities, and wealth management. Operating results for interim periods are not necessarily indicative of results that may be expected for other interim periods or for the full year. In management’s opinion, the accompanying unaudited interim condensed consolidated financial statements contain all necessary adjustments, including normal recurring accruals, and disclosures for a fair presentation.

 

These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Form 10-K”), as filed with the Securities and Exchange Commission (the “SEC”) on March 8, 2024. The condensed consolidated balance sheet as of December 31, 2023, has been derived from the audited consolidated financial statements.

 

Reclassifications

 

Certain amounts reported in prior years have been reclassified to conform to the current year’s presentation. These reclassifications had no effect on the Company’s results of operations, financial position, or net cash flow.

 

Use of Estimates

 

Preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. 

 

Significant Accounting Policies

 

The Company’s significant accounting policies are included in Note 1, “Basis of Presentation and Significant Accounting Policies,” of the Notes to Consolidated Financial Statements in Part II, Item 8 of the Company’s 2023 Form 10-K.

 

Recent Accounting Standards

 

Standards Not Yet Adopted 

 

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740).”  The amendments in this ASU are related to the rate reconciliation and income taxes paid disclosures and are designed to improve the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction.  Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance.  The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

 

The Company has not yet adopted any new accounting standards in 2024 that have been issued by the FASB or other standards-setting bodies.  The Company does not anticipate any of the recent standards issued to have a material impact on the consolidated financial statements. 

 

 

      
v3.24.2.u1
Note 2 - Acquisitions
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

Note 2. Acquisitions

 

On November 18, 2022, the Company and North Carolina-based Surrey Bancorp ("Surrey"), parent company of Surrey Bank & Trust, jointly announced their entry into an agreement and plan of merger pursuant to which First Community would acquire Surrey and its wholly-owned bank subsidiary, Surrey Bank & Trust. Under the terms of the agreement and plan of merger, each share of Surrey common stock immediately converted into the right to receive 0.7159 shares of the Company's common stock.  The transaction was consummated on April 21, 2023.  The total purchase price for the transaction was $71.37 million.

 

The Surrey transaction was accounted for using the acquisition method of accounting and, accordingly, assets acquired, liabilities assumed and consideration exchanged were recorded at estimated fair value on the acquisition date.  Fair values are preliminary and subject to refinement for up to a year after the closing date of the acquisition.  The Company incurred a total of $2.99 million in merger expenses related to the Surrey transaction, $596 thousand was recorded in the last quarter of 2022 and $2.39 million in 2023. These costs were primarily related to data conversion, investment banking fees, and legal fees. 

 

Goodwill arising from business combinations represents the excess of the purchase price over the sum of the estimated fair values of the tangible and identifiable intangible assets acquired less the fair value of the liabilities assumed.  The Surrey acquisition resulted in the Company recognizing $14.38 million in goodwill.

 

The primary identifiable intangible asset we typically record in connection with a whole bank or bank branch acquisition is the value of the core deposit intangibles which represents the estimated value of the long-term deposit relationships acquired in the transaction. Determining the amount of identifiable intangible assets and their average lives involves multiple assumptions and estimates and is typically determined by performing a discounted cash flow analysis, which involves a combination of any or all of the following assumptions: customer attrition/runoff, alternative funding costs, deposit servicing costs, and discount rates. The core deposit intangibles are amortized over the estimated useful lives of the deposit accounts based on a method that we believe reasonably approximates the anticipated benefit stream from this intangible.  Core deposit intangibles for the Surrey transaction totaled $12.70 million. 

 

When loans are acquired they are identified as either purchased credit deteriorated PCD or non-PCD.  PCD loans represent assets that are acquired with evidence of more than insignificant credit quality deterioration since the origination of the loans as of the acquisition date.  The ACL for PCD assets is recognized within business combination accounting with no initial impact to net income. Changes in estimates of expected credit losses on PCD loans after acquisition are recognized as provision expense (or reversal of provision expense) in subsequent periods as they arise.  Non-PCD loans acquired are generally estimated at fair value using a discounted cash flow approach with assumptions of discount rate, remaining life, prepayments, probability of default, and loss given default. The actual cash flows on these loans could differ materially from the fair value estimates. The amount we record as the fair values for the loans is generally less than the contractual unpaid principal balance due from the borrowers, with the difference being referred to as the “discount” on the acquired loans. Discounts on acquired non-PCD loans are accreted to interest income over their estimated remaining lives, which may include prepayment estimates in certain circumstances.  The ACL for non-PCD assets is recognized as provision expense in the same reporting period as the business combination. Estimated loan losses for acquired loans are determined using methodologies and applying estimates and assumptions similar to originated performing loans.  The fair value of purchased loans with credit deterioration was $101.42 million on the date of acquisition with the gross contractual amount totaling $111.22 million.  The Company estimates that $2.01 million of contractual cash flows specific to the purchased loans with credit deterioration will not be collected.  Non purchased credit deteriorated loans acquired had a fair value of $137.55 million with a gross contractual value of $143.55 million.

 

   

As recorded by

    

Fair Value

      

As recorded by

  

(Amounts in thousands, except share and per share data )

  

Surrey

    

Adjustments

      

the Company

  

Assets

                          

Cash and cash equivalents

   $ 176,700     $ -       $ 176,700  

Securities-available-for-sale

     22,027       (1,093 )

( a )

     20,934  

Loans held for investment, net of allowance and mark

     251,944       (12,864 )

( b )

     239,080  

Premises and equipment

     5,501       774  

( c )

     6,275  

Other assets

     10,787       (229 )

( d ), ( e )

     10,558  

Intangible assets

     -       12,700  

( f )

     12,700  

Total assets

   $ 466,959     $ (712 )     $ 466,247  
                           

LIABILITIES

                          

Deposits:

                          

Noninterest-bearing

   $ 158,389     $ -       $ 158,389  

Interest-bearing

     246,460       (1,214 )

( g )

     245,246  

Total deposits

     404,849       (1,214 )       403,635  

Long term debt

     -       -         -  

Other liabilities

     6,004       (381 )

( h )

     5,623  

Total liabilities

     410,853       (1,595 )       409,258  
                           

Net identifiable assets acquired over liabilities assumed

     56,106       883         56,989  
                           

Goodwill

     -       14,381         14,381  

Net assets acquired over liabilities assumed

   $ 56,106     $ 15,264       $ 71,370  
                           

Consideration:

                          

First Community Bankshares, Inc. common stock issued

                       2,996,786  

Purchase price per share of the Company's common stock

                     $ 23.81  

Fair value of Company common stock issued

                       71,354  

Cash paid for fractional shares

                       16  

Fair Value of total consideration transferred

                     $ 71,370  

 

Explanation of fair value adjustments:

 

 

(a)

Adjustment reflects the fair value adjustment based on the Company's evaluation of the acquired investment portfolio.
 

(b)

Adjustment reflects the fair value adjustments of $(15.80) million based on the Company's evaluation of the acquired loan portfolio and excludes the allowance for credit losses and deferred loans fees of $2.94 million as recorded by Surrey.
 

(c)

Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired premises and equipment.
 

(d)

Adjustment reflects the fair value adjustment based on the Company's evaluation of stocks with other banks of $47 thousand.
 

(e)

Adjustment to record the deferred tax asset related to the fair value adjustments $(177) thousand.
 

(f)

Adjustment to record the core deposit intangible on the acquired deposit accounts.
 

(g)

Adjustment reflects the fair value adjustment based on the Company's evaluation of the time deposit portfolio.
 

(h)

Adjustment to reclass deferred tax asset $(99) thousand, goodwill $(282) thousand, federal income tax payable $(389) thousand, and state income tax payable $8 thousand.

 
v3.24.2.u1
Note 3 - Debt Securities
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]

Note 3. Debt Securities

 

The following tables present the amortized cost and fair value of available-for-sale debt securities, including gross unrealized gains and losses, as of the dates indicated:

 

  

June 30, 2024

 
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

 
  

Cost

  

Gains

  

Losses

  

Value

 

(Amounts in thousands)

                

U.S. Treasury securities

 $10,784  $-  $(13) $10,771 

Municipal securities

  15,951   2   (263)  15,690 

Corporate notes

  28,583   -   (1,601)  26,982 

Agency mortgage-backed securities

  90,304   -   (14,061)  76,243 

Total

 $145,622  $2  $(15,938) $129,686 

 

  

December 31, 2023

 
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

 
  

Cost

  

Gains

  

Losses

  

Value

 

(Amounts in thousands)

                

U.S. Agency securities

 $5,750  $-  $(1) $5,749 

U.S. Treasury securities

  146,653   16   (843)  145,826 

Municipal securities

  19,528   11   (162)  19,377 

Corporate notes

  28,566   -   (1,485)  27,081 

Agency mortgage-backed securities

  94,548   2   (11,622)  82,928 

Total

 $295,045  $29  $(14,113) $280,961 

 

There was no allowance for credit losses for debt securities as of  June 30, 2024; therefore, it is not presented in the table above.  The Company excludes the accrued interest receivable from the amortized cost basis in measuring expected credit losses on the debt securities and does not record an allowance for credit losses on accrued interest receivable.  Accrued interest receivable for debt securities was $653 thousand and $1.25 million as of  June 30, 2024, and  December 31, 2023, respectively. 

 

The following table presents the amortized cost and aggregate fair value of available-for-sale debt securities by contractual maturity, as of the date indicated. Actual maturities could differ from contractual maturities because issuers may have the right to call or prepay obligations with or without penalties.

 

  

June 30, 2024

 
  

Amortized

     

(Amounts in thousands)

 

Cost

  

Fair Value

 

Available-for-sale debt securities

        

Due within one year

 $15,364  $15,321 

Due after one year but within five years

  39,954   38,122 

Due after five years but within ten years

  -   - 
   55,318   53,443 

Agency mortgage-backed securities

  90,304   76,243 

Total debt securities available-for-sale

 $145,622  $129,686 

 

The following tables present the fair values and unrealized losses for available-for-sale debt securities in a continuous unrealized loss position for less than 12 months and for 12 months or longer as of the dates indicated:

 

  

June 30, 2024

 
  

Less than 12 Months

  

12 Months or Longer

  

Total

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 
  

Value

  

Losses

  

Value

  

Losses

  

Value

  

Losses

 

(Amounts in thousands)

                        

U.S. Treasury securities

 $10,771  $(13) $-  $-  $10,771  $(13)

Municipal securities

  6,204   (39)  7,401   (224)  13,605   (263)

Corporate notes

  -   -   26,982   (1,601)  26,982   (1,601)

Agency mortgage-backed securities

  4,332   (83)  71,910   (13,978)  76,242   (14,061)

Total

 $21,307  $(135) $106,293  $(15,803) $127,600  $(15,938)

 

  

December 31, 2023

 
  

Less than 12 Months

  

12 Months or Longer

  

Total

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 
  

Value

  

Losses

  

Value

  

Losses

  

Value

  

Losses

 

(Amounts in thousands)

                        

U.S. Agency securities

 $5,749  $(1) $—  $—  $5,749  $(1)

U.S. Treasury securities

  11,417   (14)  129,108   (829)  140,525   (843)

Municipal securities

  4,742   (20)  5,484   (142)  10,226   (162)

Corporate notes

  —   —   27,081   (1,485)  27,081   (1,485)

Agency mortgage-backed securities

  3,421   (10)  78,319   (11,612)  81,740   (11,622)

Total

 $25,329  $(45) $239,992  $(14,068) $265,321  $(14,113)

 

There were 120 individual debt securities in an unrealized loss position as of June 30, 2024, and the combined depreciation in value represented 12.29% of the debt securities portfolio. There were 112 individual debt securities in an unrealized loss position as of December 31, 2023, and their combined depreciation in value represented 5.02% of  the debt securities portfolio.  

 

Management evaluates securities for impairment where there has been a decline in fair value below the amortized cost basis of a security to determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Credit losses are calculated individually, rather than collectively, using a discounted cash flow method, whereby management compares the present value of expected cash flows with the amortized cost basis of the security.  The credit loss component would be recognized through the provision for credit losses and the creation of an allowance for credit losses. Consideration is given to (1) the financial condition and near-term prospects of the issuer including looking at default and delinquency rates, (2) the outlook for receiving the contractual cash flows of the investments, (3) the length of time and the extent to which the fair value has been less than cost, (4) our intent and ability to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value or for a debt security whether it is more-likely-than-not that we will be required to sell the debt security prior to recovering its fair value, (5) the anticipated outlook for changes in the general level of interest rates, (6) credit ratings, (7) third party guarantees, and (8) collateral values. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, the results of reviews of the issuer’s financial condition, and the issuer’s anticipated ability to pay the contractual cash flows of the investments.  All of the U.S. Treasury and Agency-Backed Securities have the full faith and credit backing of the United State Government or one of its agencies. Municipal securities and all other securities that do not have a zero expected credit loss are evaluated quarterly to determine whether there is a credit loss associated with a decline in fair value. All debt securities available-for-sale in an unrealized loss position as of June 30, 2024, continue to perform as scheduled and we do not believe that there is a credit loss or that a provision for credit losses is necessary. Also, as part of our evaluation of our intent and ability to hold investments for a period of time sufficient to allow for any anticipated recovery in the market, we consider our investment strategy, cash flow needs, liquidity position, capital adequacy and interest rate risk position. We do not currently intend to sell the securities within the portfolio and it is not more-likely-than-not that we will be required to sell the debt securities. 

 

Management continues to monitor all of our securities with a high degree of scrutiny. There can be no assurance that we will not conclude in future periods that conditions existing at that time indicate some or all of its securities may be sold or would require a charge to earnings as a provision for credit losses in such periods.

 

There were no available-for-sale securities sold during the second quarter or for the first six months of  2024. Approximately $21.97 million in securities available for sale were sold in the second quarter of 2023, and approximately $38.98 million for the first six months of 2023.  Approximately $20.93 million of the sales in 2023 were attributable to the sale of the entire portfolio of Surrey comprised primarily of U. S. Treasury Notes.  The following table presents gross realized gains and losses from the sale of available-for-sale debt securities for the periods indicated:

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2024

  

2023

  

2024

  

2023

 

(Amounts in thousands)

                

Gross realized gains

 $-  $-  $-  $7 

Gross realized losses

  -   (28)  -   (28)

Net gain (loss) on sale of securities

 $-  $(28) $-  $(21)

 

The carrying amount of securities pledged for various purposes totaled $22.71 million as of June 30, 2024, and $145.09 million as of December 31, 2023.
v3.24.2.u1
Note 4 - Loans
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

Note 4. Loans

 

The Company groups loans held for investment into three segments (commercial loans, consumer real estate loans, and consumer and other loans) with each segment divided into various classes. Customer overdrafts reclassified as loans totaled $1.59 million as of June 30, 2024, and $1.50 million as of December 31, 2023. Deferred loan fees, net of loan costs, totaled $7.02 million as of June 30, 2024, and $7.71 million as of December 31, 2023. 

 

In accordance with the adoption of ASU 2016-13, the table below reflects the loan portfolio at the amortized cost basis to include net deferred loan fees of $7.02 million and $7.71 million and unamortized discount related to loans acquired of $13.85 million and $15.29 million for June 30, 2024, and December 31, 2023, respectively.  Accrued interest receivable of $9.33 million as of  June 30, 2024, and $9.64 million as of  December 31, 2023, is accounted for separately and reported in Interest Receivable on the Consolidated Balance Sheet.

 

   

June 30, 2024

    

December 31, 2023

  

(Amounts in thousands)

  

Amount

    

Percent

    

Amount

    

Percent

  

Loans held for investment

                                

Commercial loans

                                

Construction, development, and other land

   $ 81,693       3.30 %   $ 105,945       4.12 %

Commercial and industrial

     205,858       8.32 %     211,850       8.24 %

Multi-family residential

     196,311       7.94 %     188,382       7.32 %

Single family non-owner occupied

     209,442       8.47 %     224,895       8.74 %

Non-farm, non-residential

     870,513       35.20 %     894,550       34.78 %

Agricultural

     19,513       0.79 %     21,669       0.84 %

Farmland

     13,606       0.55 %     14,202       0.55 %

Total commercial loans

     1,596,936       64.57 %     1,661,493       64.59 %

Consumer real estate loans

                                

Home equity lines

     88,608       3.58 %     87,626       3.41 %

Single family owner occupied

     676,904       27.37 %     696,140       27.06 %

Owner occupied construction

     4,731       0.19 %     8,445       0.33 %

Total consumer real estate loans

     770,243       31.14 %     792,211       30.80 %

Consumer and other loans

                                

Consumer loans

     104,503       4.23 %     117,091       4.55 %

Other

     1,586       0.06 %     1,503       0.06 %

Total consumer and other loans

     106,089       4.29 %     118,594       4.61 %

Total loans held for investment, net of unearned income

   $ 2,473,268       100.00 %   $ 2,572,298       100.00 %

  
v3.24.2.u1
Note 5 - Credit Quality
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Financing Receivables [Text Block]

Note 5. Credit Quality

 

The Company uses a risk grading matrix to assign a risk grade to each loan in its portfolio. Loan risk ratings may be upgraded or downgraded to reflect current information identified during the loan review process. The general characteristics of each risk grade are as follows:

 

●

Pass -- This grade is assigned to loans with acceptable credit quality and risk. The Company further segments this grade based on borrower characteristics that include capital strength, earnings stability, liquidity, leverage, and industry conditions.

 

●

Special Mention -- This grade is assigned to loans that require an above average degree of supervision and attention. These loans have the characteristics of an asset with acceptable credit quality and risk; however, adverse economic or financial conditions exist that create potential weaknesses deserving of management’s close attention. If potential weaknesses are not corrected, the prospect of repayment may worsen.

 

●

Substandard -- This grade is assigned to loans that have well defined weaknesses that may make payment default, or principal exposure, possible. These loans will likely be dependent on collateral liquidation, secondary repayment sources, or events outside the normal course of business to meet repayment terms.

 

●

Doubtful -- This grade is assigned to loans that have the weaknesses inherent in substandard loans; however, the weaknesses are so severe that collection or liquidation in full is unlikely based on current facts, conditions, and values. Due to certain specific pending factors, the amount of loss cannot yet be determined.

 

●

Loss -- This grade is assigned to loans that will be charged off or charged down when payments, including the timing and value of payments, are uncertain. This risk grade does not imply that the asset has no recovery or salvage value, but simply means that it is not practical or desirable to defer writing off, either all or a portion of, the loan balance even though partial recovery may be realized in the future.

 

The following table presents the recorded investment of the loan portfolio, by loan class and credit quality, as of the dates indicated:

 

  

June 30, 2024

 
      

Special

                 

(Amounts in thousands)

 

Pass

  

Mention

  

Substandard

  

Doubtful

  

Loss

  

Total

 

Commercial loans

                        

Construction, development, and other land

 $78,978  $2,338  $377  $-  $-  $81,693 

Commercial and industrial

  199,944   1,985   3,929   -   -   205,858 

Multi-family residential

  192,695   3,449   167   -   -   196,311 

Single family non-owner occupied

  200,774   1,845   6,823   -   -   209,442 

Non-farm, non-residential

  846,552   13,410   10,551   -   -   870,513 

Agricultural

  13,677   3,730   2,106   -   -   19,513 

Farmland

  11,918   462   1,226   -   -   13,606 

Consumer real estate loans

                        

Home equity lines

  85,190   538   2,880   -   -   88,608 

Single family owner occupied

  650,853   2,173   23,878   -   -   676,904 

Owner occupied construction

  4,731   -   -   -   -   4,731 

Consumer and other loans

                        

Consumer loans

  102,602   -   1,901   -   -   104,503 

Other

  1,586   -   -   -   -   1,586 

Total loans

 $2,389,500  $29,930  $53,838  $-  $-  $2,473,268 

 

  

December 31, 2023

 
      

Special

                 

(Amounts in thousands)

 

Pass

  

Mention

  

Substandard

  

Doubtful

  

Loss

  

Total

 
                         

Commercial loans

                        

Construction, development, and other land

 $103,573  $1,955  $417  $-  $-  $105,945 

Commercial and industrial

  207,034   2,097   2,719   -   -   211,850 

Multi-family residential

  184,565   3,522   295   -   -   188,382 

Single family non-owner occupied

  215,375   2,016   7,504   -   -   224,895 

Non-farm, non-residential

  866,711   15,240   12,599   -   -   894,550 

Agricultural

  15,944   3,878   1,847   -   -   21,669 

Farmland

  12,480   484   1,238   -   -   14,202 

Consumer real estate loans

                        

Home equity lines

  83,769   546   3,311   -   -   87,626 

Single family owner occupied

  669,878   2,360   23,902   -   -   696,140 

Owner occupied construction

  8,445   -   -   -   -   8,445 

Consumer and other loans

                        

Consumer loans

  114,725   4   2,362   -   -   117,091 

Other

  1,503   -   -   -   -   1,503 

Total loans

 $2,484,002  $32,102  $56,194  $-  $-  $2,572,298 

 

The following tables present the amortized cost basis and current period gross write-offs of the loan portfolio, by year of origination, loan class, and credit quality, as of the date indicated:  

 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at June 30, 2024

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving

  

Total

 

Construction, development and other land

                                

Pass

 $4,065  $7,841  $34,122  $23,400  $3,935  $4,323  $1,292  $78,978 

Special mention

  -   2,172   -   -   94   72   -   2,338 

Substandard

  -   -   -   -   12   365   -   377 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total construction, development, and other land

 $4,065  $10,013  $34,122  $23,400  $4,041  $4,760  $1,292  $81,693 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Commercial and industrial

                                

Pass

 $22,306  $41,763  $57,075  $15,065  $9,182  $13,757  $40,796  $199,944 

Special mention

  2   -   42   106   -   1,735   100   1,985 

Substandard

  9   347   913   458   432   1,770   -   3,929 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total commercial and industrial

 $22,317  $42,110  $58,030  $15,629  $9,614  $17,262  $40,896  $205,858 

Current period gross write-offs

 $-  $91  $209  $24  $28  $1  $-  $353 

Multi-family residential

                                

Pass

 $412  $10,519  $73,598  $36,077  $29,445  $38,339  $4,305  $192,695 

Special mention

  -   -   -   -   -   3,449   -   3,449 

Substandard

  -   -   109   -   -   58   -   167 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total multi-family residential

 $412  $10,519  $73,707  $36,077  $29,445  $41,846  $4,305  $196,311 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Non-farm, non-residential

                                

Pass

 $17,209  $79,652  $230,521  $147,398  $111,006  $252,409  $8,357  $846,552 

Special mention

  157   61   574   1,803   -   10,815   -   13,410 

Substandard

  -   958   293   1,924   982   6,270   124   10,551 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total non-farm, non-residential

 $17,366  $80,671  $231,388  $151,125  $111,988  $269,494  $8,481  $870,513 

Current period gross write-offs

 $-  $-  $-  $-  $-  $9  $-  $9 

Agricultural

                                

Pass

 $802  $4,115  $3,399  $1,885  $404  $2,270  $802  $13,677 

Special mention

  -   -   266   173   6   3,285   -   3,730 

Substandard

  -   421   188   75   92   1,330   -   2,106 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total agricultural

 $802  $4,536  $3,853  $2,133  $502  $6,885  $802  $19,513 

Current period gross write-offs

 $-  $115  $60  $19  $-  $-  $-  $194 

Farmland

                                

Pass

 $701  $1,355  $1,114  $1,477  $704  $5,386  $1,181  $11,918 

Special mention

  -   -   -   101   -   361   -   462 

Substandard

  -   -   -   -   162   1,064   -   1,226 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total farmland

 $701  $1,355  $1,114  $1,578  $866  $6,811  $1,181  $13,606 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at June 30, 2024

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving

  

Total

 

Home equity lines

                                

Pass

 $98  $-  $869  $83  $501  $3,619  $80,020  $85,190 

Special mention

  -   -   -   -   -   90   448   538 

Substandard

  -   -   67   -   24   1,898   891   2,880 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total home equity lines

 $98  $-  $936  $83  $525  $5,607  $81,359  $88,608 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $15  $15 

Single family Mortgage

                                

Pass

 $8,995  $49,774  $161,609  $213,514  $181,069  $236,217  $449  $851,627 

Special mention

  -   -   -   457   -   3,561   -   4,018 

Substandard

  -   233   1,055   1,169   1,317   26,927   -   30,701 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total single family owner and non-owner occupied

 $8,995  $50,007  $162,664  $215,140  $182,386  $266,705  $449  $886,346 

Current period gross write-offs

 $-  $-  $-  $94  $-  $20  $-  $114 

Owner occupied construction

                                

Pass

 $885  $2,385  $906  $226  $-  $329  $-  $4,731 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total owner occupied construction

 $885  $2,385  $906  $226  $-  $329  $-  $4,731 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Consumer loans

                                

Pass

 $14,046  $26,526  $33,049  $15,016  $5,093  $2,416  $8,042  $104,188 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  28   385   634   387   118   299   50   1,901 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total consumer loans

 $14,074  $26,911  $33,683  $15,403  $5,211  $2,715  $8,092  $106,089 

Current period gross write-offs

 $555  $663  $1,286  $503  $113  $73  $169  $3,362 

 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at June 30, 2024

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving

  

Total

 

Total loans

                                

Pass

 $69,519  $223,930  $596,262  $454,141  $341,339  $559,065  $145,244  $2,389,500 

Special mention

  159   2,233   882   2,640   100   23,368   548   29,930 

Substandard

  37   2,344   3,259   4,013   3,139   39,981   1,065   53,838 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total loans

 $69,715  $228,507  $600,403  $460,794  $344,578  $622,414  $146,857  $2,473,268 

Current period gross write-offs

 $555  $869  $1,555  $640  $141  $103  $184  $4,047 

 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at December 31, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Construction, development

                                

and other land

                                

Pass

 $12,379  $54,752  $23,328  $4,121  $2,700  $3,874  $2,419  $103,573 

Special Mention

  1,737   -   -   139   -   79   -   1,955 

Substandard

  -   -   -   -   175   242   -   417 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total construction, development, and other land

 $14,116  $54,752  $23,328  $4,260  $2,875  $4,195  $2,419  $105,945 

Current period gross write-offs

 $-  $-  $-  $-  $13  $-  $-  $13 

Commercial and industrial

                                

Pass

 $53,619  $64,380  $19,477  $11,538  $5,717  $11,775  $40,528  $207,034 

Special Mention

  -   229   11   -   349   1,408   100   2,097 

Substandard

  51   744   276   86   926   636   -   2,719 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total commercial and industrial

 $53,670  $65,353  $19,764  $11,624  $6,992  $13,819  $40,628  $211,850 

Current period gross write-offs

 $66  $168  $201  $51  $32  $66  $-  $584 

Multi-family residential

                                

Pass

 $6,753  $67,484  $36,621  $30,021  $3,280  $36,982  $3,424  $184,565 

Special Mention

  -   -   -   -   -   3,522   -   3,522 

Substandard

  -   -   -   -   -   295   -   295 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total multi-family residential

 $6,753  $67,484  $36,621  $30,021  $3,280  $40,799  $3,424  $188,382 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Non-farm, non-residential

                                

Pass

 $83,420  $234,607  $151,433  $114,974  $53,466  $217,034  $11,777  $866,711 

Special Mention

  65   583   2,590   819   -   11,132   51   15,240 

Substandard

  1,175   238   1,968   690   3,175   5,143   210   12,599 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total non-farm, non-residential

 $84,660  $235,428  $155,991  $116,483  $56,641  $233,309  $12,038  $894,550 

Current period gross write-offs

 $-  $8  $-  $-  $-  $2  $-  $10 

Agricultural

                                

Pass

 $5,004  $4,215  $2,352  $625  $674  $2,094  $980  $15,944 

Special Mention

  28   276   184   8   90   3,292   -   3,878 

Substandard

  157   166   50   28   1,188   258   -   1,847 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total agricultural

 $5,189  $4,657  $2,586  $661  $1,952  $5,644  $980  $21,669 

Current period gross write-offs

 $-  $59  $-  $9  $14  $8  $-  $90 

Farmland

                                

Pass

 $1,380  $1,237  $1,557  $912  $745  $5,766  $883  $12,480 

Special Mention

  -   -   103   -   -   381   -   484 

Substandard

  -   -   -   -   -   1,238   -   1,238 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total farmland

 $1,380  $1,237  $1,660  $912  $745  $7,385  $883  $14,202 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at December 31, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Home equity lines

                                

Pass

 $9  $962  $86  $73  $68  $3,800  $78,771  $83,769 

Special Mention

  -   -   -   -   -   45   501   546 

Substandard

  -   12   -   27   102   1,853   1,317   3,311 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total home equity lines

 $9  $974  $86  $100  $170  $5,698  $80,589  $87,626 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $227  $227 

Single family Mortgage

                                

Pass

 $50,826  $164,974  $221,352  $191,156  $44,974  $211,540  $431  $885,253 

Special Mention

  -   -   465   98   108   3,705   -   4,376 

Substandard

  236   555   1,464   1,381   1,515   26,255   -   31,406 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total single family owner and non-owner occupied

 $51,062  $165,529  $223,281  $192,635  $46,597  $241,500  $431  $921,035 

Current period gross write-offs

 $-  $-  $47  $-  $-  $194  $-  $241 

Owner occupied construction

                                

Pass

 $3,620  $4,232  $240  $-  $21  $332  $-  $8,445 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total owner occupied construction

 $3,620  $4,232  $240  $-  $21  $332  $-  $8,445 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Consumer loans

                                

Pass

 $31,243  $43,675  $20,672  $7,710  $3,214  $1,026  $8,688  $116,228 

Special Mention

  -   -   3   -   -   -   1   4 

Substandard

  338   820   590   198   157   212   47   2,362 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total consumer loans

 $31,581  $44,495  $21,265  $7,908  $3,371  $1,238  $8,736  $118,594 

Current period gross write-offs

 $1,238  $3,594  $1,852  $518  $196  $77  $185  $7,660 

 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at December 31, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Total loans

                                

Pass

 $248,253  $640,518  $477,118  $361,130  $114,859  $494,223  $147,901  $2,484,002 

Special mention

  1,830   1,088   3,356   1,064   547   23,564   653   32,102 

Substandard

  1,957   2,535   4,348   2,410   7,238   36,132   1,574   56,194 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total loans

 $252,040  $644,141  $484,822  $364,604  $122,644  $553,919  $150,128  $2,572,298 

Current period gross write-offs

 $1,304  $3,829  $2,100  $578  $255  $347  $412  $8,825 

 

The Company generally places a loan on nonaccrual status when it is 90 days or more past due.  The following table presents nonaccrual loans, by loan class, as of the dates indicated:

 

  

June 30, 2024

  

December 31, 2023

 

(Amounts in thousands)

 

No Allowance

  

With an Allowance

  

Total

  

No Allowance

  

With an Allowance

  

Total

 

Commercial loans

                        

Construction, development, and other land

 $159  $-  $159  $172  $—  $172 

Commercial and industrial

  1,698   -   1,698   1,438   —   1,438 

Multi-family residential

  167   -   167   183   —   183 

Single family non-owner occupied

  791   -   791   832   —   832 

Non-farm, non-residential

  1,843   957   2,800   1,271   1,173   2,444 

Agricultural

  1,650   -   1,650   1,558   —   1,558 

Farmland

  278   -   278   123   —   123 

Consumer real estate loans

                        

Home equity lines

  1,118   -   1,118   1,335   —   1,335 

Single family owner occupied

  9,626   -   9,626   9,365   —   9,365 

Owner occupied construction

  -   -   -   —   —   — 

Consumer and other loans

                        

Consumer loans

  1,528   -   1,528   1,906   —   1,906 

Total nonaccrual loans

 $18,858  $957  $19,815  $18,183  $1,173  $19,356 

 

Loans are considered past due when either principal or interest payments become contractually delinquent by 30 days or more. The Company’s policy is to discontinue the accrual of interest, if warranted, on loans based on the payment status, evaluation of the related collateral, and the financial strength of the borrower. Loans that are 90 days or more past due are placed on nonaccrual status. Management may elect to continue the accrual of interest when the loan is well secured and in process of collection. When interest accruals are discontinued, interest accrued and not collected in the current year is reversed from income, and interest accrued and not collected from prior years is charged to the allowance for credit losses. Nonaccrual loans may be returned to accrual status when all principal and interest amounts contractually due, including past due payments, are brought current; the ability of the borrower to repay the obligation is reasonably assured; and there is generally a period of at least six months of repayment performance by the borrower in accordance with the contractual terms. There was no material nonaccrual loan interest recognized in income during the second quarter or for the first six months of 2024 or 2023.  

 

The following tables presents the aging of past due loans, by loan class, as of the dates indicated. Nonaccrual loans 30 days or more past due are included in the applicable delinquency category: 

 

  June 30, 2024 
                          Amortized Cost of 
  

30 - 59 Days

  

60 - 89 Days

  

90+ Days

  

Total

  

Current

  

Total

  > 90 Days Accruing 

(Amounts in thousands)

 

Past Due

  

Past Due

  

Past Due

  

Past Due

  

Loans

  

Loans

  

No Allowance

 
                             

Commercial loans

                            

Construction, development, and other land

 $6  $6  $23  $35  $81,658  $81,693  $- 

Commercial and industrial

  787   130   421   1,338   204,520   205,858   - 

Multi-family residential

  -   58   -   58   196,253   196,311   - 

Single family non-owner occupied

  518   29   259   806   208,636   209,442   - 

Non-farm, non-residential

  659   305   725   1,689   868,824   870,513   - 

Agricultural

  98   203   130   431   19,082   19,513   - 

Farmland

  -   2   162   164   13,442   13,606   - 

Consumer real estate loans

                            

Home equity lines

  600   481   553   1,634   86,974   88,608   - 

Single family owner occupied

  4,623   2,045   4,480   11,148   665,756   676,904   - 

Owner occupied construction

  -   -   -   -   4,731   4,731   - 

Consumer and other loans

                            

Consumer loans

  3,890   826   643   5,359   99,144   104,503   - 

Other

  -   -   -   -   1,586   1,586   - 

Total loans

 $11,181  $4,085  $7,396  $22,662  $2,450,606  $2,473,268  $- 

  

  

December 31, 2023

 
                          

Amortized Cost of

 
  

30 - 59 Days

  

60 - 89 Days

  

90+ Days

  

Total

  

Current

  

Total

  

> 90 Days Accruing

 

(Amounts in thousands)

 

Past Due

  

Past Due

  

Past Due

  

Past Due

  

Loans

  

Loans

  

No Allowance

 
                             

Commercial loans

                            

Construction, development, and other land

 $38  $6  $23  $67  $105,878  $105,945  $— 

Commercial and industrial

  1,232   766   390   2,388   209,462   211,850   — 

Multi-family residential

  115   68   —   183   188,199   188,382   — 

Single family non-owner occupied

  777   455   232   1,464   223,431   224,895   — 

Non-farm, non-residential

  617   229   382   1,228   893,322   894,550   — 

Agricultural

  22   56   217   295   21,374   21,669   — 

Farmland

  15   —   —   15   14,187   14,202   — 

Consumer real estate loans

                            

Home equity lines

  639   343   534   1,516   86,110   87,626   — 

Single family owner occupied

  6,108   2,831   3,519   12,458   683,682   696,140   — 

Owner occupied construction

  —   —   —   —   8,445   8,445   — 

Consumer and other loans

                            

Consumer loans

  4,390   1,440   1,087   6,917   110,174   117,091   — 

Other

  —   —   —   —   1,503   1,503   — 

Total loans

 $13,953  $6,194  $6,384  $26,531  $2,545,767  $2,572,298  $— 

 

ASC 326 prescribes that when an entity determines foreclosure is probable, the expected credit loss can be measured based on the fair value of the collateral. As a practical expedient, an entity may use the fair value as of the reporting date when recording the net carrying amount of the asset. For the collateral dependent asset ("CDA") a credit loss expense is recorded for loan amounts in excess of fair value of the collateral.  The table below summarizes collateral dependent loans, where foreclosure is probable, by type of collateral, and the extent to which they are collateralized during the period.  

 

  

June 30, 2024

  

December 31, 2023

 

(Amounts in thousands)

 

Balance

  

Collateral Coverage

  

%

  

Balance

  

Collateral Coverage

  

%

 

Commercial Real Estate

                        

Other

 $957  $825   86.25% $1,173  $825   70.33%

Total collateral dependent loans

 $957  $825   86.25% $1,173  $825   70.33%

 

The Company may make concessions in interest rates, loan terms and/or amortization terms when restructuring loans for borrowers experiencing financial difficulty.  Effective, January 1, 2023, the Company adopted ASU 2022-02, Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures. The amendments eliminated TDR accounting guidance for issuers that adopted ASU 2016-13, created a single loan modification accounting model, and clarified disclosure requirements for loan modifications and write-offs.  Presented below are the amortized cost basis and percentage of loan class for loan modifications made to borrowers experiencing financial difficulty by loan class, concession type, and financial effect as of the dates indicated:

 

  

Payment Delays

  

Amortized Cost Basis

  

% of Total Class of

    
  

June 30, 2024

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Non farm, non residential property

 $653   0.08%  

Deferred 6 months of interest to loan maturity.

Single family owner occupied

  533   0.08%  

Deferred $66 thousand in principal to loan maturity.

Single family non owner occupied

  35   0.02%  

Deferred 6 months of interest to loan maturity.

Commercial & industrial

  149   0.07%  

Deferred $8 thousand in principal to loan maturity.

Total

 $1,370        
            
  

Term Extensions

  

Amortized Cost Basis

  

% of Total Class of

    
  

June 30, 2024

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Commercial & Industrial

 $165   0.08%  

Delayed repayment of principal & interest for two years.

Consumer

  4   0.00%  

Extended term from 60 to 84 months.

Total

 $169        
            
  

Principal Forgiveness

  

Amortized Cost Basis

  

% of Total Class of

    
  

June 30, 2024

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Single family owner occupied

 $1   0.00%  

Reduced amortized cost basis by $13 thousand.

Total

 $1        
            
            
  

Term Extension and Rate Reduction

  

Amortized Cost Basis

  

% of Total Class of

    
  

June 30, 2024

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Single family owner occupied

 $741   0.11%  

Reduced interest income and extended time to recover principal.

Consumer

  9   0.01%  

Reduced rate to 10.5%; extended term by ten months.

Total

 $750        

 

  

Payment Delays

  

Amortized Cost Basis

  

% of Total Class of

    
  

December 31, 2023

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Non farm, non residential property

 $662   0.07%  

Deferred 6 months of interest to loan maturity.

Single family owner occupied

  548   0.08%  

Deferred $66 thousand in principal to loan maturity.

Single family non owner occupied

  89   0.04%  

Deferred 6 months of interest to loan maturity.

Commercial & industrial

  171   0.08%  

Deferred $8 thousand in principal to loan maturity.

Total

 $1,470        
            
  

Term Extensions

  

Amortized Cost Basis

  

% of Total Class of

    
  

December 31, 2023

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Consumer

 $6   0.01%  

Extended term from 60 to 84 months.

Total

 $6        
            
            
  

Principal Forgiveness

  

Amortized Cost Basis

  

% of Total Class of

    
  

December 31, 2023

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Single family owner occupied

 $5   0.00%  

Reduced amortized cost basis by $13 thousand.

Total

 $5        
            
            
  

Term Extension and Rate Reduction

  

Amortized Cost Basis

  

% of Total Class of

    
  

December 31, 2023

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Single family owner occupied

 $565   0.08%  

Reduced interest income and extended time to recover principal.

Total

 $565        

 

Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off.  Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount.  There were no modified loans (or portions of a loan) deemed uncollectible as of  June 30, 2024, or  December 31, 2023.

 

The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts.  The following table depicts the performance of loans that have been modified for the periods indicated:

 

  

June 30, 2024

 
  

Payment Status (Amortized Cost Basis)

 
  

Current

  

30-89 Days Past Due

  

90+ Days Past Due

 

(Amounts in thousands)

            

Non farm, non residential property

 $653  $-  $- 

Single family owner occupied

  1,249   26   - 

Single family non owner occupied

  35   -   - 

Commercial & Industrial

  314   -   - 

Consumer

  13   -   - 

Total

 $2,264  $26  $- 
             
             
             
  December 31, 2023 
  Payment Status (Amortized Cost Basis) 
  Current  30-89 Days Past Due  90+ Days Past Due 
             

(Amounts in thousands)

            

Non farm, non residential

 $662  $-  $- 

Single family owner occupied

  864   254   - 

Single family non owner occupied

  89   -   - 

Commercial & industrial

  171   -   - 

Consumer

  6   -   - 

Total

 $1,792  $254  $- 

 

The following table provides information about other real estate owned (“OREO”), which consists of properties acquired through foreclosure, as of the dates indicated:

 

  

June 30, 2024

  

December 31, 2023

 

(Amounts in thousands)

        

OREO

 $100  $192 
         

OREO secured by residential real estate

 $100  $192 

Residential real estate loans in the foreclosure process(1)

 $3,137  $1,895 

 

(1)

The recorded investment in consumer mortgage loans collateralized by residential real estate that are in the process of foreclosure according to local requirements of the applicable jurisdiction
v3.24.2.u1
Note 6 - Allowance for Credit Losses
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Allowance for Credit Losses [Text Block]

Note 6. Allowance for Credit Losses

 

The following tables present the changes in the allowance for credit losses, by loan segment, during the periods indicated:

 

   

Three Months Ended June 30, 2024

  
           

Consumer Real

    

Consumer and

    

Total

  

(Amounts in thousands)

  

Commercial

    

Estate

    

Other

    

Allowance

  

Total allowance

                                

Balance at beginning of quarter:

                                

Allowance for credit losses - loans

   $ 21,052     $ 9,701     $ 4,708     $ 35,461  

Allowance for credit losses - loan commitments

     597       121       28       746  

Total allowance for credit losses beginning of year

     21,649       9,822       4,736       36,207  

Provision for credit losses:

                                

Provision (recovery) for credit losses - loans

     (634 )     193       890       449  

Provision for credit losses - loan commitments

     (308 )     (3 )     6       (305 )

Total (recovery) provision for credit losses - loans and loan commitments

     (942 )     190       896       144  

Charge-offs

     (194 )     (63 )     (1,342 )     (1,599 )

Recoveries

     128       48       398       574  

Net charge-offs

     (66 )     (15 )     (944 )     (1,025 )

Allowance for credit losses - loans

     20,352       9,879       4,654       34,885  

Allowance for credit losses - loan commitments

     289       118       34       441  

Ending balance

   $ 20,641     $ 9,997     $ 4,688     $ 35,326  

 

   

Three Months Ended June 30, 2023

  
           

Consumer Real

    

Consumer and

    

Total

  

(Amounts in thousands)

  

Commercial

    

Estate

    

Other

    

Allowance

  

Total allowance

                                

Balance at beginning of quarter:

                                

Allowance for credit losses - loans

   $ 17,269     $ 8,995     $ 4,525     $ 30,789  

Allowance for credit losses - loan commitments

     786       150       28       964  

Total allowance for credit losses beginning of year

     18,055       9,145       4,553       31,753  

Purchased credit deteriorated-Surrey acquisition

     1,452       529       30       2,011  

Provision for credit losses:

                                

Provision for credit losses - loans

     2,349       380       1,376       4,105  

(Recovery) provision for credit losses - loan commitments

     -       -       -       -  

Total (recovery) provision for credit losses - loans and loan commitments

     2,349       380       1,376       4,105  

Charge-offs

     (133 )     (225 )     (1,635 )     (1,993 )

Recoveries

     578       277       410       1,265  

Net recoveries (charge-offs)

     445       52       (1,225 )     (728 )

Allowance for credit losses - loans

     21,515       9,956       4,706       36,177  

Allowance for credit losses - loan commitments

     786       150       28       964  

Ending balance

   $ 22,301     $ 10,106     $ 4,734     $ 37,141  

 

   

Six Months Ended June 30, 2024

  
           

Consumer Real

    

Consumer and

    

Total

  

(Amounts in thousands)

  

Commercial

    

Estate

    

Other

    

Allowance

  

Total allowance

                                

Balance at beginning of year:

                                

Allowance for credit losses - loans

   $ 21,850     $ 9,693     $ 4,646     $ 36,189  

Allowance for credit losses - loan commitments

     597       121       28       746  

Total allowance for credit losses beginning of year

     22,447       9,814       4,674       36,935  

Purchased credit deteriorated -Surrey acquisition

     -       -       -       -  

Provision for credit losses:

                                

Provision (recovery) for credit losses - loans

     (1,186 )     58       2,588       1,460  

Recovery of credit losses - loan commitments

     (308 )     (3 )     6       (305 )

Total (recovery) provision for credit losses - loans and loan commitments

     (1,494 )     55       2,594       1,155  

Charge-offs

     (556 )     (129 )     (3,362 )     (4,047 )

Recoveries

     244       257       782       1,283  

Net (charge-offs) recoveries

     (312 )     128       (2,580 )     (2,764 )

Allowance for credit losses - loans

     20,352       9,879       4,654       34,885  

Allowance for credit losses - loan commitments

     289       118       34       441  

Ending balance

   $ 20,641     $ 9,997     $ 4,688     $ 35,326  

 

   

Six Months Ended June 30, 2023

  
           

Consumer Real

    

Consumer and

    

Total

  

(Amounts in thousands)

  

Commercial

    

Estate

    

Other

    

Allowance

  

Total allowance

                                

Balance at beginning of year:

                                

Allowance for credit losses - loans

   $ 17,213     $ 8,931     $ 4,412     $ 30,556  

Allowance for credit losses - loan commitments

     1,018       156       22       1,196  

Total allowance for credit losses beginning of year

     18,231       9,087       4,434       31,752  

Purchased credit deteriorated-Surrey acquisition

     1,452       529       30       2,011  

Provision for credit losses:

                                

Provision for credit losses - loans

     2,386       483       3,210       6,079  

(Recovery) provision for credit losses - loan commitments

     (232 )     (6 )     6       (232 )

Total (recovery) provision for credit losses - loans and loan commitments

     2,154       477       3,216       5,847  

Charge-offs

     (306 )     (323 )     (3,934 )     (4,563 )

Recoveries

     770       336       988       2,094  

Net recoveries (charge-offs)

     464       13       (2,946 )     (2,469 )

Allowance for credit losses - loans

     21,515       9,956       4,706       36,177  

Allowance for credit losses - loan commitments

     786       150       28       964  

Ending balance

   $ 22,301     $ 10,106     $ 4,734     $ 37,141  

 
v3.24.2.u1
Note 7 - Deposits
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Deposit Liabilities Disclosures [Text Block]

Note 7. Deposits

 

The following table presents the components of deposits as of the dates indicated:

 

   

June 30, 2024

    

December 31, 2023

  

(Amounts in thousands)

                

Noninterest-bearing demand deposits

   $ 889,462     $ 931,920  

Interest-bearing deposits:

                

Interest-bearing demand deposits

     658,991       693,979  

Money market accounts

     344,924       307,487  

Savings deposits

     538,339       535,566  

Certificates of deposit

     163,458       166,417  

Individual retirement accounts

     82,098       86,956  

Total interest-bearing deposits

     1,787,810       1,790,405  

Total deposits

   $ 2,677,272     $ 2,722,325  

 
v3.24.2.u1
Note 8 - Borrowings
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Debt Disclosure [Text Block]

Note 8. Borrowings

 

The following table presents the components of borrowings as of the dates indicated:

 

  

June 30, 2024

  

December 31, 2023

 
      

Weighted

      

Weighted

 

(Amounts in thousands)

 

Balance

  

Average Rate

  

Balance

  

Average Rate

 

Retail repurchase agreements

 $894   0.05% $1,119   0.06%

 

Repurchase agreements are secured by certain securities that remain under the Company’s control during the terms of the agreements.

 

The Company had no long-term borrowings as of June 30, 2024, or  December 31, 2023.

 

Unused borrowing capacity with the FHLB totaled $391.26 million, net of FHLB letters of credit of $120.23 million, as of June 30, 2024. As of June 30, 2024, the Company maintains $511.49 million in qualifying loans to secure the FHLB borrowing capacity.

 
v3.24.2.u1
Note 9 - Derivative Instruments and Hedging Activities
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Derivative Instruments and Hedging Activities Disclosure [Text Block]

Note 9. Derivative Instruments and Hedging Activities

 

Generally, derivative instruments help the Company manage exposure to market risk and meet customer financing needs. Market risk represents the possibility that fluctuations in external factors such as interest rates, market-driven loan rates, prices, or other economic factors will adversely affect economic value or net interest income.

 

The Company has used interest rate swap contracts to modify its exposure to interest rate risk caused by changes in benchmark interest rates in relation to certain designated fixed rate loans.  These instruments are used to convert these fixed rate loans to an effective floating rate. If the Secured Overnight Financing Rate ("SOFR") plus a spread falls below the loan’s stated fixed rate for a given period, the Company will owe the floating rate payer the notional amount times the difference between the floating rate and the stated fixed rate. If SOFR is above the stated rate for a given period, the Company will receive payments based on the notional amount times the difference between the floating rate and the stated fixed rate. 

 

The Company's interest rate swaps qualify as fair value hedging instruments; therefore, fair value changes in the derivative and hedged item attributable to the hedged risk are recognized in earnings in the same period. The fair value hedges were effective as of June 30, 2024, and December 31, 2023.

 

The following table presents the notional, or contractual, amounts and fair values of derivative instruments as of the dates indicated:

 

   

June 30, 2024

    

December 31, 2023

  
   

Notional or

    

Fair Value

    

Notional or

    

Fair Value

  
   

Contractual

    

Derivative

    

Derivative

    

Contractual

    

Derivative

    

Derivative

  

(Amounts in thousands)

  

Amount

    

Assets

    

Liabilities

    

Amount

    

Assets

    

Liabilities

  

Derivatives designated as hedges

                                                

Interest rate swaps

   $ 3,337     $ 161     $ -     $ 3,557     $ 136     $ -  

Total derivatives

   $ 3,337     $ 161     $ -     $ 3,557     $ 136     $ -  

 

The following table presents the effect of derivative and hedging activity, if applicable, on the consolidated statements of income for the periods indicated:

 

   

Three Months Ended June 30,

    

Six Months Ended June 30,

    

(Amounts in thousands)

  

2024

    

2023

    

2024

    

2023

  

Income Statement Location

Derivatives designated as hedges

                                  

Interest rate swaps

   $ (26 )   $ (26 )   $ (53 )   $ (46 )

Interest and fees on loans

Total derivative (income) expense

   $ (26 )   $ (26 )   $ (53 )   $ (46 )  

 
v3.24.2.u1
Note 10 - Employee Benefit Plans
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Compensation and Employee Benefit Plans [Text Block]

Note 10. Employee Benefit Plans

 

The Company maintains two nonqualified domestic, noncontributory defined benefit plans (the “Benefit Plans”) for key members of senior management and non-management directors. The Company’s unfunded Benefit Plans include the Supplemental Executive Retention Plan ("SERP") and the Directors’ Supplemental Retirement Plan ("Director Plan"). The SERP was frozen near the end of 2021; the Director Plan was fundamentally frozen at that time as well. The following table presents the components of net periodic pension cost and the effect on the consolidated statements of income for the periods indicated:

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

  
  

2024

  

2023

  

2024

  

2023

 

Income Statement Location

(Amounts in thousands)

                 

Interest cost

 $103  $95  $207  $177 

Other expense

Amortization of prior service cost

  -   -   -   - 

Other expense

Amortization of losses

  9   31   18   63 

Other expense

Net periodic cost

 $112  $126  $225  $240  

 
v3.24.2.u1
Note 11 - Earnings Per Share
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 11. Earnings per Share

 

The following table presents the calculation of basic and diluted earnings per common share for the periods indicated: 

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2024

  

2023

  

2024

  

2023

 

(Amounts in thousands, except share and per share data)

                

Net income

 $12,686  $9,814  $25,531  $21,596 

Adjust net income for fair value of restricted stock units (tax effected)

  438   335   679   355 

Net income for fully dilutive earnings per common share

 $13,124  $10,149  $26,210  $21,951 
                 

Weighted average common shares outstanding, basic

  18,343,958   18,407,078   18,410,043   17,323,706 

Dilutive effect of potential common shares

                

Stock options

  19,872   9,656   19,904   12,938 

Unvested stock awards

  -   -   -   6,825 

Restricted stock units

  46,046   14,864   45,163   20,009 

Total dilutive effect of potential common shares

  65,918   24,520   65,067   39,772 

Weighted average common shares outstanding, diluted

  18,409,876   18,431,598   18,475,110   17,363,478 
                 

Basic earnings per common share

 $0.69  $0.53  $1.39  $1.25 

Diluted earnings per common share

  0.71   0.55   1.42   1.26 
                 

Antidilutive potential common shares

                

Stock options

  -   143,676   -   143,676 

Stock units

  21,571   4,038   10,786   2,030 

Total potential antidilutive shares

  21,571   147,714   10,786   145,706 

 
v3.24.2.u1
Note 12 - Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Comprehensive Income (Loss) Note [Text Block]

Note 12. Accumulated Other Comprehensive Income (Loss)

 

The following tables present the changes in accumulated other comprehensive income (loss) (“AOCI”), net of tax and by component, during the periods indicated:

 

   

Three Months Ended June 30, 2024

  
   

Unrealized

                  
   

Losses on Available-

                  
   

for-Sale Securities

    

Employee Benefit Plans

    

Total

  

(Amounts in thousands)

                        

Beginning balance

   $ (12,074 )   $ 175     $ (11,899 )

Other comprehensive loss before reclassifications

     (515 )     (7 )     (522 )

Reclassified from AOCI

     -       7       7  

Other comprehensive loss, net

     (515 )     -       (515 )

Ending balance

   $ (12,589 )   $ 175     $ (12,414 )

 

   

Three Months Ended June 30, 2023

  
   

Unrealized

                  
   

Losses on Available-

                  
   

for-Sale Securities

    

Employee Benefit Plans

    

Total

  

(Amounts in thousands)

                        

Beginning balance

   $ (13,127 )   $ (98 )   $ (13,225 )

Other comprehensive income before reclassifications

     (1,258 )     (24 )     (1,282 )

Reclassified from AOCI

     22       24       46  

Other comprehensive income, net

     (1,236 )     -       (1,236 )

Ending balance

   $ (14,363 )   $ (98 )   $ (14,461 )

 

   

Six Months Ended June 30, 2024

  
   

Unrealized Gains

                  
   

(Losses) on Available-

                  
   

for-Sale Securities

    

Employee Benefit Plans

    

Total

  

(Amounts in thousands)

                        

Beginning balance

   $ (11,126 )   $ 175     $ (10,951 )

Other comprehensive loss before reclassifications

     (1,463 )     (15 )     (1,478 )

Reclassified from AOCI

     -       15       15  

Other comprehensive loss, net

     (1,463 )     -       (1,463 )

Ending balance

   $ (12,589 )   $ 175     $ (12,414 )

 

   

Six Months Ended June 30, 2023

  
   

Unrealized Gains

                  
   

(Losses) on Available-

                  
   

for-Sale Securities

    

Employee Benefit Plans

    

Total

  

(Amounts in thousands)

                        

Beginning balance

   $ (15,621 )   $ (98 )   $ (15,719 )

Other comprehensive income before reclassifications

     1,240       (50 )     1,190  

Reclassified from AOCI

     18       50       68  

Other comprehensive income, net

     1,258       -       1,258  

Ending balance

   $ (14,363 )   $ (98 )   $ (14,461 )

 

The following table presents reclassifications out of AOCI, by component, during the periods indicated:

 

   

Three Months Ended

    

Six Months Ended

    
   

June 30,

    

June 30,

  

Income Statement

(Amounts in thousands)

  

2024

    

2023

    

2024

    

2023

  

Line Item Affected

Available-for-sale securities

                                  

Gain recognized

   $ -     $ 28     $ -     $ 21  

Net loss on sale of securities

Reclassified out of AOCI, before tax

     -       28       -       21  

Income before income taxes

Income tax expense

     -       6       -       4  

Income tax expense

Reclassified out of AOCI, net of tax

     -       22       -       17  

Net income

Employee benefit plans

                                  

Amortization of prior service cost

     -       -       -       -  

Salaries and employee benefits

Amortization of net actuarial benefit cost

     9       31       18       63  

Salaries and employee benefits

Reclassified out of AOCI, before tax

     9       31       18       63  

Income before income taxes

Income tax expense

     2       7       3       12  

Income tax expense

Reclassified out of AOCI, net of tax

     7       24       15       51  

Net income

Total reclassified out of AOCI, net of tax

   $ 7     $ 46     $ 15     $ 68  

Net income

 

(1)

Amortization is included in net periodic pension cost. See Note 10, "Employee Benefit Plans."
v3.24.2.u1
Note 13 - Fair Value
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block]

Note 13. Fair Value

 

Financial Instruments Measured at Fair Value

 

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The fair value hierarchy ranks the inputs used in measuring fair value as follows:

 

 

●

Level 1 – Observable, unadjusted quoted prices in active markets
 

●

Level 2 – Inputs other than quoted prices included in Level 1 that are directly or indirectly observable for the asset or liability
 

●

Level 3 – Unobservable inputs with little or no market activity that require the Company to use reasonable inputs and assumptions

 

The Company uses fair value measurements to record adjustments to certain financial assets and liabilities on a recurring basis. The Company may be required to record certain assets at fair value on a nonrecurring basis in specific circumstances, such as evidence of impairment. Methodologies used to determine fair value might be highly subjective and judgmental in nature; therefore, valuations may not be precise. If the Company determines that a valuation technique change is necessary, the change is assumed to have occurred at the end of the respective reporting period. The following discussion describes the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments under the valuation hierarchy.

 

Assets and Liabilities Reported at Fair Value on a Recurring Basis

 

Available-for-sale Debt Securities

 

Debt securities available-for-sale are reported at fair value on a recurring basis. The fair value of Level 1 securities is based on quoted market prices in active markets, if available. If quoted market prices are not available, fair values are measured utilizing independent valuation techniques of identical or similar securities for which significant assumptions are primarily derived from or corroborated by observable market data. Level 2 securities use fair value measurements from independent pricing services obtained by the Company. These fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and bond terms and conditions. The Company’s Level 2 securities include U.S. Agency and Treasury securities, municipal securities, and mortgage-backed securities. Securities are based on Level 3 inputs when there is limited activity or less transparency to the valuation inputs. In the absence of observable or corroborated market data, internally developed estimates that incorporate market-based assumptions are used when such information is available.

 

Fair value models may be required when trading activity has declined significantly or does not exist, prices are not current, or pricing variations are significant. For Level 3 securities, the Company obtains the cash flow of specific securities from third parties that use modeling software to determine cash flows based on market participant data and knowledge of the structures of each individual security. The fair values of Level 3 securities are determined by applying proper market observable discount rates to the cash flow derived from third-party models.  Securities with increased uncertainty about the receipt of cash flows are discounted at higher rates due to the addition of a deal specific credit premium based on assumptions about the performance of the underlying collateral. Finally, internal fair value model pricing and external pricing observations are combined by assigning weights to each pricing observation. Pricing is reviewed for reasonableness based on the direction of specific markets and the general economic indicators.

 

Equity Securities. Equity securities are recorded at fair value on a recurring basis and included in other assets in the consolidated balance sheets. The Company uses Level 1 inputs to value equity securities that are traded in active markets. Equity securities that are not actively traded are classified in Level 2.

 

Loans Held for Investment. Loans held for investment that are subject to a fair value hedge are reported at fair value derived from third-party models. Loans designated in fair value hedges are recorded at fair value on a recurring basis.

 

Deferred Compensation Assets and Liabilities. Securities held for trading purposes are recorded at fair value on a recurring basis and included in other assets in the consolidated balance sheets. These securities include assets related to employee deferred compensation plans, which are generally invested in Level 1 equity securities. The liability associated with these deferred compensation plans is carried at the fair value of the obligation to the employee, which corresponds to the fair value of the invested assets.

 

Derivative Assets and Liabilities. Derivatives are recorded at fair value on a recurring basis. The Company obtains dealer quotes, Level 2 inputs, based on observable data to value derivatives.

 

The following tables summarize financial assets and liabilities recorded at fair value on a recurring basis, by the level of valuation inputs in the fair value hierarchy, as of the dates indicated:

 

   

June 30, 2024

  
   

Total

    

Fair Value Measurements Using

  

(Amounts in thousands)

  

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

Available-for-sale debt securities

                                

U.S. Treasury securities

   $ 10,771     $ -     $ 10,771     $ -  

Municipal securities

     15,690       -       15,690       -  

Corporate Notes

     26,982             26,982        

Agency mortgage-backed securities

     76,243       -       76,243       -  

Total available-for-sale debt securities

     129,686       -       129,686       -  

Equity securities

     55       -       55       -  

Fair value loans

     3,176       -       -       3,176  

Derivative assets

     161       -       161       -  

Deferred compensation assets

     7,912       7,912       -       -  

Deferred compensation liabilities

     9,452       9,452       -       -  

 

   

December 31, 2023

  
   

Total

    

Fair Value Measurements Using

  

(Amounts in thousands)

  

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

Available-for-sale debt securities

                                

U.S. Agency securities

   $ 5,749     $ -     $ 5,749     $ -  

U.S. Treasury securities

     145,826       -       145,826       -  

Municipal securities

     19,377       -       19,377       -  

Corporate notes

     27,081       -       27,081       -  

Agency mortgage-backed securities

     82,928       -       82,928       -  

Total available-for-sale debt securities

     280,961       -       280,961       -  

Equity securities

     55       -       55       -  

Fair value loans

     3,421       -       -       3,421  

Derivative assets

     136       -       136       -  

Deferred compensation assets

     6,729       6,729       -       -  

Deferred compensation liabilities

     8,282       8,282       -       -  

 

Assets Measured at Fair Value on a Nonrecurring Basis

 

Impaired Loans. Fair value is based on appraised value adjusted for customized discounting criteria, Level 3 inputs.

 

The Company maintains an active and robust problem credit identification system. The impairment review includes obtaining third-party collateral valuations to help management identify potential credit impairment and determine the amount of impairment to record. The Company’s Special Assets staff manages and monitors all impaired loans. Internal collateral valuations are generally performed within two to four weeks of identifying the initial potential impairment. The internal valuation compares the original appraisal to current local real estate market conditions and considers experience and expected liquidation costs. The Company typically receives a third-party valuation within thirty to forty-five days of completing the internal valuation. When a third-party valuation is received, it is reviewed for reasonableness. Once the valuation is reviewed and accepted, discounts are applied to fair market value, based on, but not limited to, our historical liquidation experience for like collateral, resulting in an estimated net realizable value. The estimated net realizable value is compared to the outstanding loan balance to determine the appropriate amount of specific impairment reserve.

 

OREO. OREO is recorded at fair value on a nonrecurring basis using Level 3 inputs. The Company calculates the fair value of OREO from current or prior appraisals that have been adjusted for valuation declines, estimated selling costs, and other proprietary qualitative adjustments that are deemed necessary.

 

The following tables present assets measured at fair value on a nonrecurring basis, by the level of valuation inputs in the fair value hierarchy, as of the dates indicated:

 

   

June 30, 2024

  
   

Total

    

Fair Value Measurements Using

  
   

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

(Amounts in thousands)

                                

Collateral dependent assets with specific reserves

   $ 825     $ -     $ -     $ 825  

OREO

     100       -       -       100  

 

   

December 31, 2023

  
   

Total

    

Fair Value Measurements Using

  
   

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

(Amounts in thousands)

                                

Collateral dependent assets with specific reserves

   $ 825     $ -     $ -     $ 825  

OREO

     192       -       -       192  

 

Quantitative Information about Level 3 Fair Value Measurements

 

The following tables provides quantitative information for assets measured at fair value on a nonrecurring basis using Level 3 valuation inputs as of the dates indicated:

 

        Discount Range  
 

Valuation

Unobservable

  

(Weighted Average)

  
 

Technique

Input

  

June 30, 2024

  
             

Collateral dependent assets with specific reserves

Discounted appraisals(1)

Appraisal adjustments(2)

    

16% (16%)

  

OREO

Discounted appraisals(1)

Appraisal adjustments(2)

    

20% to 100% (75%)

  

 

(1)

Fair value is generally based on appraisals of the underlying collateral.

(2)

Appraisals may be adjusted by management for customized discounting criteria, estimated sales costs, and proprietary qualitative adjustments.

 

       

Discount Range

  
 

Valuation

Unobservable

  

(Weighted Average)

  
 

Technique

Input

  

December 31, 2023

  
             

Collateral dependent assets with specific reserves

Discounted appraisals(1)

Appraisal adjustments(2)

     42% (42%)  

OREO

Discounted appraisals(1)

Appraisal adjustments(2)

    

20% to 100% (60%)

  

 

(1)

Fair value is generally based on appraisals of the underlying collateral.

(2)

Appraisals may be adjusted by management for customized discounting criteria, estimated sales costs, and proprietary qualitative adjustments.
 

 

Fair Value of Financial Instruments

 

The following tables present the carrying amounts and fair values of financial instruments, by the level of valuation inputs in the fair value hierarchy, as of the dates indicated:

 

   

June 30, 2024

  
   

Carrying

            

Fair Value Measurements Using

  

(Amounts in thousands)

  

Amount

    

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

Assets

                                        

Cash and cash equivalents

   $ 329,877     $ 329,877     $ 329,877     $ -     $ -  

Debt securities available-for-sale

     129,686       129,686       -       129,686       -  

Equity securities

     55       55       -       55       -  

Loans held for investment, net of allowance

     2,438,383       2,207,323       -       -       2,207,323  

Derivative financial assets

     161       161       -       161       -  

Interest receivable

     9,984       9,984       -       653       9,331  

Deferred compensation assets

     7,912       7,912       7,912       -       -  
                                         

Liabilities

                                        

Time deposits

     245,556       243,566       -       243,566       -  

Securities sold under agreements to repurchase

     894       894       -       894       -  

Interest payable

     812       812       -       812       -  

Deferred compensation liabilities

     9,452       9,452       9,452       -       -  

 

   

December 31, 2023

  
   

Carrying

            

Fair Value Measurements Using

  

(Amounts in thousands)

  

Amount

    

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

Assets

                                        

Cash and cash equivalents

   $ 116,420     $ 116,420     $ 116,420     $ -     $ -  

Debt securities available-for-sale

     280,961       280,961       -       280,961       -  

Equity securities

     55       55       -       55       -  

Loans held for investment, net of allowance

     2,536,109       2,350,071       -       -       2,350,071  

Interest receivable

     10,881       10,881       -       1,246       9,635  

Deferred compensation assets

     6,729       6,729       6,729       -       -  

Derivative assets

     136       136       -       136       -  
                                         

Liabilities

                                        

Time deposits

     253,373       247,141       -       247,141       -  

Securities sold under agreements to repurchase

     1,119       1,119       -       1,119       -  

Interest payable

     556       556       -       556       -  

Deferred compensation liabilities

     8,282       8,282       8,282       -       -  

 
v3.24.2.u1
Note 14 - Litigation, Commitments, and Contingencies
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]

Note 14. Litigation, Commitments, and Contingencies

 

Litigation

 

On May 6, 2024, the Bank agreed to settle a putative class action lawsuit pending in the United States District Court for the Southern District of West Virginia, filed on June 24, 2022. The civil action alleges the Bank breached its deposit account agreements and was unjustly enriched by collecting overdraft fees with respect to certain debit card transactions and by assessing more than one nonsufficient funds fee on items presented multiple times for payment.  The Bank denies each and every substantive allegation asserted in the civil action.  Under the settlement, which is subject to documentation and preliminary and final court approval, the Bank agrees to establish a $4.80 million settlement fund and forgive up to $500,000 in assessed but unpaid fees. Attorneys’ fees, settlement administration expenses, and settlement payments to eligible class members will be paid from the settlement fund. Under the settlement, the Bank admitted no wrongdoing and will receive a complete release of all claims asserted in the civil action. The Bank agreed to the settlement in order to resolve the litigation and avoid further expense. The Company previously accrued $3.00 million as an estimated liability relating to this civil action.

 

We are currently a defendant in other legal actions and asserted claims in the normal course of business. Although we are unable to assess the ultimate outcome of each matter with certainty, we believe that the resolution of these actions should not have a material adverse effect on our financial position, results of operations, or cash flows.

 

Commitments and Contingencies

 

The Company is a party to financial instruments with off balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit, and financial guarantees. These instruments involve, to varying degrees, elements of credit and interest rate risk beyond the amount recognized in the consolidated balance sheets. The contractual amounts of these instruments reflect the extent of involvement the Company has in particular classes of financial instruments. If the other party to a financial instrument does not perform, the Company’s credit loss exposure is the same as the contractual amount of the instrument. The Company uses the same credit policies in making commitments and conditional obligations as it does for on balance sheet instruments.

 

Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many commitments are expected to expire without being drawn on, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if deemed necessary, is based on management’s credit evaluation of each customer on a case-by-case basis. Collateral may include accounts receivable, inventory, property, plant and equipment, and income producing commercial properties. The Company maintains a reserve for the risk inherent in unfunded lending commitments, which is included in other liabilities in the consolidated balance sheets.

 

Standby letters of credit and financial guarantees are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending credit to customers. The amount of collateral obtained, if deemed necessary, to secure the customer’s performance under certain letters of credit is based on management’s credit evaluation of the customer.

 

The following table presents the off-balance sheet financial instruments as of the dates indicated:

 

  

June 30, 2024

  

December 31, 2023

 

(Amounts in thousands)

        

Commitments to extend credit

 $258,461  $277,462 

Standby letters of credit and financial guarantees(1)

  122,502   129,220 

Total off-balance sheet risk

 $380,963  $406,682 

 

(1)

Includes FHLB letters of credit

 
v3.24.2.u1
Insider Trading Arrangements
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Insider Trading Arr Line Items    
Material Terms of Trading Arrangement [Text Block]  

ITEM 5.

Other Information

 

(a) None. 


(b) No changes were made to the procedures by which security holders may recommend nominees to the Company's board of directors.


(c) During the three months ended June 30, 2024, none of our directors or executive officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement (as such terms defined in Item 408 of Regulation S-K under the Securities Exchange Act of 1934, as amended).

 

 
Rule 10b5-1 Arrangement Adopted [Flag] false  
Non-Rule 10b5-1 Arrangement Adopted [Flag] false  
Rule 10b5-1 Arrangement Terminated [Flag] false  
Non-Rule 10b5-1 Arrangement Terminated [Flag] false  
v3.24.2.u1
Significant Accounting Policies (Policies)
 6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Consolidation, Policy [Policy Text Block]

Principles of Consolidation

 

The Company’s accounting and reporting policies conform with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The consolidated financial statements include all accounts of the Company and its wholly owned subsidiaries and eliminate all intercompany balances and transactions. The Company operates in one business segment, Community Banking, which consists of all operations, including commercial and consumer banking, lending activities, and wealth management. Operating results for interim periods are not necessarily indicative of results that may be expected for other interim periods or for the full year. In management’s opinion, the accompanying unaudited interim condensed consolidated financial statements contain all necessary adjustments, including normal recurring accruals, and disclosures for a fair presentation.

 

These unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Form 10-K”), as filed with the Securities and Exchange Commission (the “SEC”) on March 8, 2024. The condensed consolidated balance sheet as of December 31, 2023, has been derived from the audited consolidated financial statements.

 
Reclassification, Comparability Adjustment [Policy Text Block]

Reclassifications

 

Certain amounts reported in prior years have been reclassified to conform to the current year’s presentation. These reclassifications had no effect on the Company’s results of operations, financial position, or net cash flow.

 
Use of Estimates, Policy [Policy Text Block]

Use of Estimates

 

Preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. 

 
New Accounting Pronouncements, Policy [Policy Text Block]

Significant Accounting Policies

 

The Company’s significant accounting policies are included in Note 1, “Basis of Presentation and Significant Accounting Policies,” of the Notes to Consolidated Financial Statements in Part II, Item 8 of the Company’s 2023 Form 10-K.

 

Recent Accounting Standards

 

Standards Not Yet Adopted 

 

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740).”  The amendments in this ASU are related to the rate reconciliation and income taxes paid disclosures and are designed to improve the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction.  Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance.  The adoption of this pronouncement is not expected to have a material impact on the Consolidated Financial Statements.

 

The Company has not yet adopted any new accounting standards in 2024 that have been issued by the FASB or other standards-setting bodies.  The Company does not anticipate any of the recent standards issued to have a material impact on the consolidated financial statements. 

 
v3.24.2.u1
Note 2 - Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
   

As recorded by

    

Fair Value

      

As recorded by

  

(Amounts in thousands, except share and per share data )

  

Surrey

    

Adjustments

      

the Company

  

Assets

                          

Cash and cash equivalents

   $ 176,700     $ -       $ 176,700  

Securities-available-for-sale

     22,027       (1,093 )

( a )

     20,934  

Loans held for investment, net of allowance and mark

     251,944       (12,864 )

( b )

     239,080  

Premises and equipment

     5,501       774  

( c )

     6,275  

Other assets

     10,787       (229 )

( d ), ( e )

     10,558  

Intangible assets

     -       12,700  

( f )

     12,700  

Total assets

   $ 466,959     $ (712 )     $ 466,247  
                           

LIABILITIES

                          

Deposits:

                          

Noninterest-bearing

   $ 158,389     $ -       $ 158,389  

Interest-bearing

     246,460       (1,214 )

( g )

     245,246  

Total deposits

     404,849       (1,214 )       403,635  

Long term debt

     -       -         -  

Other liabilities

     6,004       (381 )

( h )

     5,623  

Total liabilities

     410,853       (1,595 )       409,258  
                           

Net identifiable assets acquired over liabilities assumed

     56,106       883         56,989  
                           

Goodwill

     -       14,381         14,381  

Net assets acquired over liabilities assumed

   $ 56,106     $ 15,264       $ 71,370  
                           

Consideration:

                          

First Community Bankshares, Inc. common stock issued

                       2,996,786  

Purchase price per share of the Company's common stock

                     $ 23.81  

Fair value of Company common stock issued

                       71,354  

Cash paid for fractional shares

                       16  

Fair Value of total consideration transferred

                     $ 71,370  
v3.24.2.u1
Note 3 - Debt Securities (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]
  

June 30, 2024

 
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

 
  

Cost

  

Gains

  

Losses

  

Value

 

(Amounts in thousands)

                

U.S. Treasury securities

 $10,784  $-  $(13) $10,771 

Municipal securities

  15,951   2   (263)  15,690 

Corporate notes

  28,583   -   (1,601)  26,982 

Agency mortgage-backed securities

  90,304   -   (14,061)  76,243 

Total

 $145,622  $2  $(15,938) $129,686 
  

December 31, 2023

 
  

Amortized

  

Unrealized

  

Unrealized

  

Fair

 
  

Cost

  

Gains

  

Losses

  

Value

 

(Amounts in thousands)

                

U.S. Agency securities

 $5,750  $-  $(1) $5,749 

U.S. Treasury securities

  146,653   16   (843)  145,826 

Municipal securities

  19,528   11   (162)  19,377 

Corporate notes

  28,566   -   (1,485)  27,081 

Agency mortgage-backed securities

  94,548   2   (11,622)  82,928 

Total

 $295,045  $29  $(14,113) $280,961 
Investments Classified by Contractual Maturity Date [Table Text Block]
  

June 30, 2024

 
  

Amortized

     

(Amounts in thousands)

 

Cost

  

Fair Value

 

Available-for-sale debt securities

        

Due within one year

 $15,364  $15,321 

Due after one year but within five years

  39,954   38,122 

Due after five years but within ten years

  -   - 
   55,318   53,443 

Agency mortgage-backed securities

  90,304   76,243 

Total debt securities available-for-sale

 $145,622  $129,686 
Gain (Loss) on Securities [Table Text Block]
  

June 30, 2024

 
  

Less than 12 Months

  

12 Months or Longer

  

Total

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 
  

Value

  

Losses

  

Value

  

Losses

  

Value

  

Losses

 

(Amounts in thousands)

                        

U.S. Treasury securities

 $10,771  $(13) $-  $-  $10,771  $(13)

Municipal securities

  6,204   (39)  7,401   (224)  13,605   (263)

Corporate notes

  -   -   26,982   (1,601)  26,982   (1,601)

Agency mortgage-backed securities

  4,332   (83)  71,910   (13,978)  76,242   (14,061)

Total

 $21,307  $(135) $106,293  $(15,803) $127,600  $(15,938)
  

December 31, 2023

 
  

Less than 12 Months

  

12 Months or Longer

  

Total

 
  

Fair

  

Unrealized

  

Fair

  

Unrealized

  

Fair

  

Unrealized

 
  

Value

  

Losses

  

Value

  

Losses

  

Value

  

Losses

 

(Amounts in thousands)

                        

U.S. Agency securities

 $5,749  $(1) $—  $—  $5,749  $(1)

U.S. Treasury securities

  11,417   (14)  129,108   (829)  140,525   (843)

Municipal securities

  4,742   (20)  5,484   (142)  10,226   (162)

Corporate notes

  —   —   27,081   (1,485)  27,081   (1,485)

Agency mortgage-backed securities

  3,421   (10)  78,319   (11,612)  81,740   (11,622)

Total

 $25,329  $(45) $239,992  $(14,068) $265,321  $(14,113)
Realized Gain (Loss) on Investments [Table Text Block]
  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2024

  

2023

  

2024

  

2023

 

(Amounts in thousands)

                

Gross realized gains

 $-  $-  $-  $7 

Gross realized losses

  -   (28)  -   (28)

Net gain (loss) on sale of securities

 $-  $(28) $-  $(21)
v3.24.2.u1
Note 4 - Loans (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
   

June 30, 2024

    

December 31, 2023

  

(Amounts in thousands)

  

Amount

    

Percent

    

Amount

    

Percent

  

Loans held for investment

                                

Commercial loans

                                

Construction, development, and other land

   $ 81,693       3.30 %   $ 105,945       4.12 %

Commercial and industrial

     205,858       8.32 %     211,850       8.24 %

Multi-family residential

     196,311       7.94 %     188,382       7.32 %

Single family non-owner occupied

     209,442       8.47 %     224,895       8.74 %

Non-farm, non-residential

     870,513       35.20 %     894,550       34.78 %

Agricultural

     19,513       0.79 %     21,669       0.84 %

Farmland

     13,606       0.55 %     14,202       0.55 %

Total commercial loans

     1,596,936       64.57 %     1,661,493       64.59 %

Consumer real estate loans

                                

Home equity lines

     88,608       3.58 %     87,626       3.41 %

Single family owner occupied

     676,904       27.37 %     696,140       27.06 %

Owner occupied construction

     4,731       0.19 %     8,445       0.33 %

Total consumer real estate loans

     770,243       31.14 %     792,211       30.80 %

Consumer and other loans

                                

Consumer loans

     104,503       4.23 %     117,091       4.55 %

Other

     1,586       0.06 %     1,503       0.06 %

Total consumer and other loans

     106,089       4.29 %     118,594       4.61 %

Total loans held for investment, net of unearned income

   $ 2,473,268       100.00 %   $ 2,572,298       100.00 %
v3.24.2.u1
Note 5 - Credit Quality (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Financing Receivable Credit Quality Indicators [Table Text Block]
  

June 30, 2024

 
      

Special

                 

(Amounts in thousands)

 

Pass

  

Mention

  

Substandard

  

Doubtful

  

Loss

  

Total

 

Commercial loans

                        

Construction, development, and other land

 $78,978  $2,338  $377  $-  $-  $81,693 

Commercial and industrial

  199,944   1,985   3,929   -   -   205,858 

Multi-family residential

  192,695   3,449   167   -   -   196,311 

Single family non-owner occupied

  200,774   1,845   6,823   -   -   209,442 

Non-farm, non-residential

  846,552   13,410   10,551   -   -   870,513 

Agricultural

  13,677   3,730   2,106   -   -   19,513 

Farmland

  11,918   462   1,226   -   -   13,606 

Consumer real estate loans

                        

Home equity lines

  85,190   538   2,880   -   -   88,608 

Single family owner occupied

  650,853   2,173   23,878   -   -   676,904 

Owner occupied construction

  4,731   -   -   -   -   4,731 

Consumer and other loans

                        

Consumer loans

  102,602   -   1,901   -   -   104,503 

Other

  1,586   -   -   -   -   1,586 

Total loans

 $2,389,500  $29,930  $53,838  $-  $-  $2,473,268 
  

December 31, 2023

 
      

Special

                 

(Amounts in thousands)

 

Pass

  

Mention

  

Substandard

  

Doubtful

  

Loss

  

Total

 
                         

Commercial loans

                        

Construction, development, and other land

 $103,573  $1,955  $417  $-  $-  $105,945 

Commercial and industrial

  207,034   2,097   2,719   -   -   211,850 

Multi-family residential

  184,565   3,522   295   -   -   188,382 

Single family non-owner occupied

  215,375   2,016   7,504   -   -   224,895 

Non-farm, non-residential

  866,711   15,240   12,599   -   -   894,550 

Agricultural

  15,944   3,878   1,847   -   -   21,669 

Farmland

  12,480   484   1,238   -   -   14,202 

Consumer real estate loans

                        

Home equity lines

  83,769   546   3,311   -   -   87,626 

Single family owner occupied

  669,878   2,360   23,902   -   -   696,140 

Owner occupied construction

  8,445   -   -   -   -   8,445 

Consumer and other loans

                        

Consumer loans

  114,725   4   2,362   -   -   117,091 

Other

  1,503   -   -   -   -   1,503 

Total loans

 $2,484,002  $32,102  $56,194  $-  $-  $2,572,298 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at June 30, 2024

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving

  

Total

 

Construction, development and other land

                                

Pass

 $4,065  $7,841  $34,122  $23,400  $3,935  $4,323  $1,292  $78,978 

Special mention

  -   2,172   -   -   94   72   -   2,338 

Substandard

  -   -   -   -   12   365   -   377 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total construction, development, and other land

 $4,065  $10,013  $34,122  $23,400  $4,041  $4,760  $1,292  $81,693 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Commercial and industrial

                                

Pass

 $22,306  $41,763  $57,075  $15,065  $9,182  $13,757  $40,796  $199,944 

Special mention

  2   -   42   106   -   1,735   100   1,985 

Substandard

  9   347   913   458   432   1,770   -   3,929 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total commercial and industrial

 $22,317  $42,110  $58,030  $15,629  $9,614  $17,262  $40,896  $205,858 

Current period gross write-offs

 $-  $91  $209  $24  $28  $1  $-  $353 

Multi-family residential

                                

Pass

 $412  $10,519  $73,598  $36,077  $29,445  $38,339  $4,305  $192,695 

Special mention

  -   -   -   -   -   3,449   -   3,449 

Substandard

  -   -   109   -   -   58   -   167 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total multi-family residential

 $412  $10,519  $73,707  $36,077  $29,445  $41,846  $4,305  $196,311 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Non-farm, non-residential

                                

Pass

 $17,209  $79,652  $230,521  $147,398  $111,006  $252,409  $8,357  $846,552 

Special mention

  157   61   574   1,803   -   10,815   -   13,410 

Substandard

  -   958   293   1,924   982   6,270   124   10,551 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total non-farm, non-residential

 $17,366  $80,671  $231,388  $151,125  $111,988  $269,494  $8,481  $870,513 

Current period gross write-offs

 $-  $-  $-  $-  $-  $9  $-  $9 

Agricultural

                                

Pass

 $802  $4,115  $3,399  $1,885  $404  $2,270  $802  $13,677 

Special mention

  -   -   266   173   6   3,285   -   3,730 

Substandard

  -   421   188   75   92   1,330   -   2,106 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total agricultural

 $802  $4,536  $3,853  $2,133  $502  $6,885  $802  $19,513 

Current period gross write-offs

 $-  $115  $60  $19  $-  $-  $-  $194 

Farmland

                                

Pass

 $701  $1,355  $1,114  $1,477  $704  $5,386  $1,181  $11,918 

Special mention

  -   -   -   101   -   361   -   462 

Substandard

  -   -   -   -   162   1,064   -   1,226 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total farmland

 $701  $1,355  $1,114  $1,578  $866  $6,811  $1,181  $13,606 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at June 30, 2024

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving

  

Total

 

Home equity lines

                                

Pass

 $98  $-  $869  $83  $501  $3,619  $80,020  $85,190 

Special mention

  -   -   -   -   -   90   448   538 

Substandard

  -   -   67   -   24   1,898   891   2,880 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total home equity lines

 $98  $-  $936  $83  $525  $5,607  $81,359  $88,608 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $15  $15 

Single family Mortgage

                                

Pass

 $8,995  $49,774  $161,609  $213,514  $181,069  $236,217  $449  $851,627 

Special mention

  -   -   -   457   -   3,561   -   4,018 

Substandard

  -   233   1,055   1,169   1,317   26,927   -   30,701 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total single family owner and non-owner occupied

 $8,995  $50,007  $162,664  $215,140  $182,386  $266,705  $449  $886,346 

Current period gross write-offs

 $-  $-  $-  $94  $-  $20  $-  $114 

Owner occupied construction

                                

Pass

 $885  $2,385  $906  $226  $-  $329  $-  $4,731 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total owner occupied construction

 $885  $2,385  $906  $226  $-  $329  $-  $4,731 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Consumer loans

                                

Pass

 $14,046  $26,526  $33,049  $15,016  $5,093  $2,416  $8,042  $104,188 

Special mention

  -   -   -   -   -   -   -   - 

Substandard

  28   385   634   387   118   299   50   1,901 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total consumer loans

 $14,074  $26,911  $33,683  $15,403  $5,211  $2,715  $8,092  $106,089 

Current period gross write-offs

 $555  $663  $1,286  $503  $113  $73  $169  $3,362 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at June 30, 2024

 

2024

  

2023

  

2022

  

2021

  

2020

  

Prior

  

Revolving

  

Total

 

Total loans

                                

Pass

 $69,519  $223,930  $596,262  $454,141  $341,339  $559,065  $145,244  $2,389,500 

Special mention

  159   2,233   882   2,640   100   23,368   548   29,930 

Substandard

  37   2,344   3,259   4,013   3,139   39,981   1,065   53,838 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total loans

 $69,715  $228,507  $600,403  $460,794  $344,578  $622,414  $146,857  $2,473,268 

Current period gross write-offs

 $555  $869  $1,555  $640  $141  $103  $184  $4,047 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at December 31, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Construction, development

                                

and other land

                                

Pass

 $12,379  $54,752  $23,328  $4,121  $2,700  $3,874  $2,419  $103,573 

Special Mention

  1,737   -   -   139   -   79   -   1,955 

Substandard

  -   -   -   -   175   242   -   417 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total construction, development, and other land

 $14,116  $54,752  $23,328  $4,260  $2,875  $4,195  $2,419  $105,945 

Current period gross write-offs

 $-  $-  $-  $-  $13  $-  $-  $13 

Commercial and industrial

                                

Pass

 $53,619  $64,380  $19,477  $11,538  $5,717  $11,775  $40,528  $207,034 

Special Mention

  -   229   11   -   349   1,408   100   2,097 

Substandard

  51   744   276   86   926   636   -   2,719 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total commercial and industrial

 $53,670  $65,353  $19,764  $11,624  $6,992  $13,819  $40,628  $211,850 

Current period gross write-offs

 $66  $168  $201  $51  $32  $66  $-  $584 

Multi-family residential

                                

Pass

 $6,753  $67,484  $36,621  $30,021  $3,280  $36,982  $3,424  $184,565 

Special Mention

  -   -   -   -   -   3,522   -   3,522 

Substandard

  -   -   -   -   -   295   -   295 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total multi-family residential

 $6,753  $67,484  $36,621  $30,021  $3,280  $40,799  $3,424  $188,382 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Non-farm, non-residential

                                

Pass

 $83,420  $234,607  $151,433  $114,974  $53,466  $217,034  $11,777  $866,711 

Special Mention

  65   583   2,590   819   -   11,132   51   15,240 

Substandard

  1,175   238   1,968   690   3,175   5,143   210   12,599 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total non-farm, non-residential

 $84,660  $235,428  $155,991  $116,483  $56,641  $233,309  $12,038  $894,550 

Current period gross write-offs

 $-  $8  $-  $-  $-  $2  $-  $10 

Agricultural

                                

Pass

 $5,004  $4,215  $2,352  $625  $674  $2,094  $980  $15,944 

Special Mention

  28   276   184   8   90   3,292   -   3,878 

Substandard

  157   166   50   28   1,188   258   -   1,847 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total agricultural

 $5,189  $4,657  $2,586  $661  $1,952  $5,644  $980  $21,669 

Current period gross write-offs

 $-  $59  $-  $9  $14  $8  $-  $90 

Farmland

                                

Pass

 $1,380  $1,237  $1,557  $912  $745  $5,766  $883  $12,480 

Special Mention

  -   -   103   -   -   381   -   484 

Substandard

  -   -   -   -   -   1,238   -   1,238 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total farmland

 $1,380  $1,237  $1,660  $912  $745  $7,385  $883  $14,202 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at December 31, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Home equity lines

                                

Pass

 $9  $962  $86  $73  $68  $3,800  $78,771  $83,769 

Special Mention

  -   -   -   -   -   45   501   546 

Substandard

  -   12   -   27   102   1,853   1,317   3,311 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total home equity lines

 $9  $974  $86  $100  $170  $5,698  $80,589  $87,626 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $227  $227 

Single family Mortgage

                                

Pass

 $50,826  $164,974  $221,352  $191,156  $44,974  $211,540  $431  $885,253 

Special Mention

  -   -   465   98   108   3,705   -   4,376 

Substandard

  236   555   1,464   1,381   1,515   26,255   -   31,406 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total single family owner and non-owner occupied

 $51,062  $165,529  $223,281  $192,635  $46,597  $241,500  $431  $921,035 

Current period gross write-offs

 $-  $-  $47  $-  $-  $194  $-  $241 

Owner occupied construction

                                

Pass

 $3,620  $4,232  $240  $-  $21  $332  $-  $8,445 

Special Mention

  -   -   -   -   -   -   -   - 

Substandard

  -   -   -   -   -   -   -   - 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total owner occupied construction

 $3,620  $4,232  $240  $-  $21  $332  $-  $8,445 

Current period gross write-offs

 $-  $-  $-  $-  $-  $-  $-  $- 

Consumer loans

                                

Pass

 $31,243  $43,675  $20,672  $7,710  $3,214  $1,026  $8,688  $116,228 

Special Mention

  -   -   3   -   -   -   1   4 

Substandard

  338   820   590   198   157   212   47   2,362 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total consumer loans

 $31,581  $44,495  $21,265  $7,908  $3,371  $1,238  $8,736  $118,594 

Current period gross write-offs

 $1,238  $3,594  $1,852  $518  $196  $77  $185  $7,660 

(Amounts in thousands)

 

Term Loans Amortized Cost Basis by Origination Year

         

Balance at December 31, 2023

 

2023

  

2022

  

2021

  

2020

  

2019

  

Prior

  

Revolving

  

Total

 

Total loans

                                

Pass

 $248,253  $640,518  $477,118  $361,130  $114,859  $494,223  $147,901  $2,484,002 

Special mention

  1,830   1,088   3,356   1,064   547   23,564   653   32,102 

Substandard

  1,957   2,535   4,348   2,410   7,238   36,132   1,574   56,194 

Doubtful

  -   -   -   -   -   -   -   - 

Loss

  -   -   -   -   -   -   -   - 

Total loans

 $252,040  $644,141  $484,822  $364,604  $122,644  $553,919  $150,128  $2,572,298 

Current period gross write-offs

 $1,304  $3,829  $2,100  $578  $255  $347  $412  $8,825 
Financing Receivable, Nonaccrual [Table Text Block]
  

June 30, 2024

  

December 31, 2023

 

(Amounts in thousands)

 

No Allowance

  

With an Allowance

  

Total

  

No Allowance

  

With an Allowance

  

Total

 

Commercial loans

                        

Construction, development, and other land

 $159  $-  $159  $172  $—  $172 

Commercial and industrial

  1,698   -   1,698   1,438   —   1,438 

Multi-family residential

  167   -   167   183   —   183 

Single family non-owner occupied

  791   -   791   832   —   832 

Non-farm, non-residential

  1,843   957   2,800   1,271   1,173   2,444 

Agricultural

  1,650   -   1,650   1,558   —   1,558 

Farmland

  278   -   278   123   —   123 

Consumer real estate loans

                        

Home equity lines

  1,118   -   1,118   1,335   —   1,335 

Single family owner occupied

  9,626   -   9,626   9,365   —   9,365 

Owner occupied construction

  -   -   -   —   —   — 

Consumer and other loans

                        

Consumer loans

  1,528   -   1,528   1,906   —   1,906 

Total nonaccrual loans

 $18,858  $957  $19,815  $18,183  $1,173  $19,356 
Financing Receivable, Past Due [Table Text Block]
  June 30, 2024 
                          Amortized Cost of 
  

30 - 59 Days

  

60 - 89 Days

  

90+ Days

  

Total

  

Current

  

Total

  > 90 Days Accruing 

(Amounts in thousands)

 

Past Due

  

Past Due

  

Past Due

  

Past Due

  

Loans

  

Loans

  

No Allowance

 
                             

Commercial loans

                            

Construction, development, and other land

 $6  $6  $23  $35  $81,658  $81,693  $- 

Commercial and industrial

  787   130   421   1,338   204,520   205,858   - 

Multi-family residential

  -   58   -   58   196,253   196,311   - 

Single family non-owner occupied

  518   29   259   806   208,636   209,442   - 

Non-farm, non-residential

  659   305   725   1,689   868,824   870,513   - 

Agricultural

  98   203   130   431   19,082   19,513   - 

Farmland

  -   2   162   164   13,442   13,606   - 

Consumer real estate loans

                            

Home equity lines

  600   481   553   1,634   86,974   88,608   - 

Single family owner occupied

  4,623   2,045   4,480   11,148   665,756   676,904   - 

Owner occupied construction

  -   -   -   -   4,731   4,731   - 

Consumer and other loans

                            

Consumer loans

  3,890   826   643   5,359   99,144   104,503   - 

Other

  -   -   -   -   1,586   1,586   - 

Total loans

 $11,181  $4,085  $7,396  $22,662  $2,450,606  $2,473,268  $- 
  

December 31, 2023

 
                          

Amortized Cost of

 
  

30 - 59 Days

  

60 - 89 Days

  

90+ Days

  

Total

  

Current

  

Total

  

> 90 Days Accruing

 

(Amounts in thousands)

 

Past Due

  

Past Due

  

Past Due

  

Past Due

  

Loans

  

Loans

  

No Allowance

 
                             

Commercial loans

                            

Construction, development, and other land

 $38  $6  $23  $67  $105,878  $105,945  $— 

Commercial and industrial

  1,232   766   390   2,388   209,462   211,850   — 

Multi-family residential

  115   68   —   183   188,199   188,382   — 

Single family non-owner occupied

  777   455   232   1,464   223,431   224,895   — 

Non-farm, non-residential

  617   229   382   1,228   893,322   894,550   — 

Agricultural

  22   56   217   295   21,374   21,669   — 

Farmland

  15   —   —   15   14,187   14,202   — 

Consumer real estate loans

                            

Home equity lines

  639   343   534   1,516   86,110   87,626   — 

Single family owner occupied

  6,108   2,831   3,519   12,458   683,682   696,140   — 

Owner occupied construction

  —   —   —   —   8,445   8,445   — 

Consumer and other loans

                            

Consumer loans

  4,390   1,440   1,087   6,917   110,174   117,091   — 

Other

  —   —   —   —   1,503   1,503   — 

Total loans

 $13,953  $6,194  $6,384  $26,531  $2,545,767  $2,572,298  $— 
Collateral Dependent Loans [Table Text Block]
  

June 30, 2024

  

December 31, 2023

 

(Amounts in thousands)

 

Balance

  

Collateral Coverage

  

%

  

Balance

  

Collateral Coverage

  

%

 

Commercial Real Estate

                        

Other

 $957  $825   86.25% $1,173  $825   70.33%

Total collateral dependent loans

 $957  $825   86.25% $1,173  $825   70.33%
Financing Receivable, Modified [Table Text Block]
  

Payment Delays

  

Amortized Cost Basis

  

% of Total Class of

    
  

June 30, 2024

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Non farm, non residential property

 $653   0.08%  

Deferred 6 months of interest to loan maturity.

Single family owner occupied

  533   0.08%  

Deferred $66 thousand in principal to loan maturity.

Single family non owner occupied

  35   0.02%  

Deferred 6 months of interest to loan maturity.

Commercial & industrial

  149   0.07%  

Deferred $8 thousand in principal to loan maturity.

Total

 $1,370        
            
  

Term Extensions

  

Amortized Cost Basis

  

% of Total Class of

    
  

June 30, 2024

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Commercial & Industrial

 $165   0.08%  

Delayed repayment of principal & interest for two years.

Consumer

  4   0.00%  

Extended term from 60 to 84 months.

Total

 $169        
            
  

Principal Forgiveness

  

Amortized Cost Basis

  

% of Total Class of

    
  

June 30, 2024

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Single family owner occupied

 $1   0.00%  

Reduced amortized cost basis by $13 thousand.

Total

 $1        
            
            
  

Term Extension and Rate Reduction

  

Amortized Cost Basis

  

% of Total Class of

    
  

June 30, 2024

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Single family owner occupied

 $741   0.11%  

Reduced interest income and extended time to recover principal.

Consumer

  9   0.01%  

Reduced rate to 10.5%; extended term by ten months.

Total

 $750        
  

Payment Delays

  

Amortized Cost Basis

  

% of Total Class of

    
  

December 31, 2023

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Non farm, non residential property

 $662   0.07%  

Deferred 6 months of interest to loan maturity.

Single family owner occupied

  548   0.08%  

Deferred $66 thousand in principal to loan maturity.

Single family non owner occupied

  89   0.04%  

Deferred 6 months of interest to loan maturity.

Commercial & industrial

  171   0.08%  

Deferred $8 thousand in principal to loan maturity.

Total

 $1,470        
            
  

Term Extensions

  

Amortized Cost Basis

  

% of Total Class of

    
  

December 31, 2023

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Consumer

 $6   0.01%  

Extended term from 60 to 84 months.

Total

 $6        
            
            
  

Principal Forgiveness

  

Amortized Cost Basis

  

% of Total Class of

    
  

December 31, 2023

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Single family owner occupied

 $5   0.00%  

Reduced amortized cost basis by $13 thousand.

Total

 $5        
            
            
  

Term Extension and Rate Reduction

  

Amortized Cost Basis

  

% of Total Class of

    
  

December 31, 2023

  

Financing Receivable

   

Financial Effect

            

(Amounts in thousands)

           

Single family owner occupied

 $565   0.08%  

Reduced interest income and extended time to recover principal.

Total

 $565        
  

June 30, 2024

 
  

Payment Status (Amortized Cost Basis)

 
  

Current

  

30-89 Days Past Due

  

90+ Days Past Due

 

(Amounts in thousands)

            

Non farm, non residential property

 $653  $-  $- 

Single family owner occupied

  1,249   26   - 

Single family non owner occupied

  35   -   - 

Commercial & Industrial

  314   -   - 

Consumer

  13   -   - 

Total

 $2,264  $26  $- 
             
             
             
  December 31, 2023 
  Payment Status (Amortized Cost Basis) 
  Current  30-89 Days Past Due  90+ Days Past Due 
             

(Amounts in thousands)

            

Non farm, non residential

 $662  $-  $- 

Single family owner occupied

  864   254   - 

Single family non owner occupied

  89   -   - 

Commercial & industrial

  171   -   - 

Consumer

  6   -   - 

Total

 $1,792  $254  $- 
Other Real Estate Owned [Table Text Block]
  

June 30, 2024

  

December 31, 2023

 

(Amounts in thousands)

        

OREO

 $100  $192 
         

OREO secured by residential real estate

 $100  $192 

Residential real estate loans in the foreclosure process(1)

 $3,137  $1,895 
v3.24.2.u1
Note 6 - Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Financing Receivable, Allowance for Credit Loss [Table Text Block]
   

Three Months Ended June 30, 2024

  
           

Consumer Real

    

Consumer and

    

Total

  

(Amounts in thousands)

  

Commercial

    

Estate

    

Other

    

Allowance

  

Total allowance

                                

Balance at beginning of quarter:

                                

Allowance for credit losses - loans

   $ 21,052     $ 9,701     $ 4,708     $ 35,461  

Allowance for credit losses - loan commitments

     597       121       28       746  

Total allowance for credit losses beginning of year

     21,649       9,822       4,736       36,207  

Provision for credit losses:

                                

Provision (recovery) for credit losses - loans

     (634 )     193       890       449  

Provision for credit losses - loan commitments

     (308 )     (3 )     6       (305 )

Total (recovery) provision for credit losses - loans and loan commitments

     (942 )     190       896       144  

Charge-offs

     (194 )     (63 )     (1,342 )     (1,599 )

Recoveries

     128       48       398       574  

Net charge-offs

     (66 )     (15 )     (944 )     (1,025 )

Allowance for credit losses - loans

     20,352       9,879       4,654       34,885  

Allowance for credit losses - loan commitments

     289       118       34       441  

Ending balance

   $ 20,641     $ 9,997     $ 4,688     $ 35,326  
   

Three Months Ended June 30, 2023

  
           

Consumer Real

    

Consumer and

    

Total

  

(Amounts in thousands)

  

Commercial

    

Estate

    

Other

    

Allowance

  

Total allowance

                                

Balance at beginning of quarter:

                                

Allowance for credit losses - loans

   $ 17,269     $ 8,995     $ 4,525     $ 30,789  

Allowance for credit losses - loan commitments

     786       150       28       964  

Total allowance for credit losses beginning of year

     18,055       9,145       4,553       31,753  

Purchased credit deteriorated-Surrey acquisition

     1,452       529       30       2,011  

Provision for credit losses:

                                

Provision for credit losses - loans

     2,349       380       1,376       4,105  

(Recovery) provision for credit losses - loan commitments

     -       -       -       -  

Total (recovery) provision for credit losses - loans and loan commitments

     2,349       380       1,376       4,105  

Charge-offs

     (133 )     (225 )     (1,635 )     (1,993 )

Recoveries

     578       277       410       1,265  

Net recoveries (charge-offs)

     445       52       (1,225 )     (728 )

Allowance for credit losses - loans

     21,515       9,956       4,706       36,177  

Allowance for credit losses - loan commitments

     786       150       28       964  

Ending balance

   $ 22,301     $ 10,106     $ 4,734     $ 37,141  
   

Six Months Ended June 30, 2024

  
           

Consumer Real

    

Consumer and

    

Total

  

(Amounts in thousands)

  

Commercial

    

Estate

    

Other

    

Allowance

  

Total allowance

                                

Balance at beginning of year:

                                

Allowance for credit losses - loans

   $ 21,850     $ 9,693     $ 4,646     $ 36,189  

Allowance for credit losses - loan commitments

     597       121       28       746  

Total allowance for credit losses beginning of year

     22,447       9,814       4,674       36,935  

Purchased credit deteriorated -Surrey acquisition

     -       -       -       -  

Provision for credit losses:

                                

Provision (recovery) for credit losses - loans

     (1,186 )     58       2,588       1,460  

Recovery of credit losses - loan commitments

     (308 )     (3 )     6       (305 )

Total (recovery) provision for credit losses - loans and loan commitments

     (1,494 )     55       2,594       1,155  

Charge-offs

     (556 )     (129 )     (3,362 )     (4,047 )

Recoveries

     244       257       782       1,283  

Net (charge-offs) recoveries

     (312 )     128       (2,580 )     (2,764 )

Allowance for credit losses - loans

     20,352       9,879       4,654       34,885  

Allowance for credit losses - loan commitments

     289       118       34       441  

Ending balance

   $ 20,641     $ 9,997     $ 4,688     $ 35,326  
   

Six Months Ended June 30, 2023

  
           

Consumer Real

    

Consumer and

    

Total

  

(Amounts in thousands)

  

Commercial

    

Estate

    

Other

    

Allowance

  

Total allowance

                                

Balance at beginning of year:

                                

Allowance for credit losses - loans

   $ 17,213     $ 8,931     $ 4,412     $ 30,556  

Allowance for credit losses - loan commitments

     1,018       156       22       1,196  

Total allowance for credit losses beginning of year

     18,231       9,087       4,434       31,752  

Purchased credit deteriorated-Surrey acquisition

     1,452       529       30       2,011  

Provision for credit losses:

                                

Provision for credit losses - loans

     2,386       483       3,210       6,079  

(Recovery) provision for credit losses - loan commitments

     (232 )     (6 )     6       (232 )

Total (recovery) provision for credit losses - loans and loan commitments

     2,154       477       3,216       5,847  

Charge-offs

     (306 )     (323 )     (3,934 )     (4,563 )

Recoveries

     770       336       988       2,094  

Net recoveries (charge-offs)

     464       13       (2,946 )     (2,469 )

Allowance for credit losses - loans

     21,515       9,956       4,706       36,177  

Allowance for credit losses - loan commitments

     786       150       28       964  

Ending balance

   $ 22,301     $ 10,106     $ 4,734     $ 37,141  
v3.24.2.u1
Note 7 - Deposits (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Deposit Liabilities, Type [Table Text Block]
   

June 30, 2024

    

December 31, 2023

  

(Amounts in thousands)

                

Noninterest-bearing demand deposits

   $ 889,462     $ 931,920  

Interest-bearing deposits:

                

Interest-bearing demand deposits

     658,991       693,979  

Money market accounts

     344,924       307,487  

Savings deposits

     538,339       535,566  

Certificates of deposit

     163,458       166,417  

Individual retirement accounts

     82,098       86,956  

Total interest-bearing deposits

     1,787,810       1,790,405  

Total deposits

   $ 2,677,272     $ 2,722,325  
v3.24.2.u1
Note 8 - Borrowings (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Debt [Table Text Block]
  

June 30, 2024

  

December 31, 2023

 
      

Weighted

      

Weighted

 

(Amounts in thousands)

 

Balance

  

Average Rate

  

Balance

  

Average Rate

 

Retail repurchase agreements

 $894   0.05% $1,119   0.06%
v3.24.2.u1
Note 9 - Derivative Instruments and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Derivative Instruments [Table Text Block]
   

June 30, 2024

    

December 31, 2023

  
   

Notional or

    

Fair Value

    

Notional or

    

Fair Value

  
   

Contractual

    

Derivative

    

Derivative

    

Contractual

    

Derivative

    

Derivative

  

(Amounts in thousands)

  

Amount

    

Assets

    

Liabilities

    

Amount

    

Assets

    

Liabilities

  

Derivatives designated as hedges

                                                

Interest rate swaps

   $ 3,337     $ 161     $ -     $ 3,557     $ 136     $ -  

Total derivatives

   $ 3,337     $ 161     $ -     $ 3,557     $ 136     $ -  
Derivative Instruments, Gain (Loss) [Table Text Block]
   

Three Months Ended June 30,

    

Six Months Ended June 30,

    

(Amounts in thousands)

  

2024

    

2023

    

2024

    

2023

  

Income Statement Location

Derivatives designated as hedges

                                  

Interest rate swaps

   $ (26 )   $ (26 )   $ (53 )   $ (46 )

Interest and fees on loans

Total derivative (income) expense

   $ (26 )   $ (26 )   $ (53 )   $ (46 )  
v3.24.2.u1
Note 10 - Employee Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Net Benefit Costs [Table Text Block]
  

Three Months Ended June 30,

  

Six Months Ended June 30,

  
  

2024

  

2023

  

2024

  

2023

 

Income Statement Location

(Amounts in thousands)

                 

Interest cost

 $103  $95  $207  $177 

Other expense

Amortization of prior service cost

  -   -   -   - 

Other expense

Amortization of losses

  9   31   18   63 

Other expense

Net periodic cost

 $112  $126  $225  $240  
v3.24.2.u1
Note 11 - Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2024

  

2023

  

2024

  

2023

 

(Amounts in thousands, except share and per share data)

                

Net income

 $12,686  $9,814  $25,531  $21,596 

Adjust net income for fair value of restricted stock units (tax effected)

  438   335   679   355 

Net income for fully dilutive earnings per common share

 $13,124  $10,149  $26,210  $21,951 
                 

Weighted average common shares outstanding, basic

  18,343,958   18,407,078   18,410,043   17,323,706 

Dilutive effect of potential common shares

                

Stock options

  19,872   9,656   19,904   12,938 

Unvested stock awards

  -   -   -   6,825 

Restricted stock units

  46,046   14,864   45,163   20,009 

Total dilutive effect of potential common shares

  65,918   24,520   65,067   39,772 

Weighted average common shares outstanding, diluted

  18,409,876   18,431,598   18,475,110   17,363,478 
                 

Basic earnings per common share

 $0.69  $0.53  $1.39  $1.25 

Diluted earnings per common share

  0.71   0.55   1.42   1.26 
                 

Antidilutive potential common shares

                

Stock options

  -   143,676   -   143,676 

Stock units

  21,571   4,038   10,786   2,030 

Total potential antidilutive shares

  21,571   147,714   10,786   145,706 
v3.24.2.u1
Note 12 - Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
   

Three Months Ended June 30, 2024

  
   

Unrealized

                  
   

Losses on Available-

                  
   

for-Sale Securities

    

Employee Benefit Plans

    

Total

  

(Amounts in thousands)

                        

Beginning balance

   $ (12,074 )   $ 175     $ (11,899 )

Other comprehensive loss before reclassifications

     (515 )     (7 )     (522 )

Reclassified from AOCI

     -       7       7  

Other comprehensive loss, net

     (515 )     -       (515 )

Ending balance

   $ (12,589 )   $ 175     $ (12,414 )
   

Three Months Ended June 30, 2023

  
   

Unrealized

                  
   

Losses on Available-

                  
   

for-Sale Securities

    

Employee Benefit Plans

    

Total

  

(Amounts in thousands)

                        

Beginning balance

   $ (13,127 )   $ (98 )   $ (13,225 )

Other comprehensive income before reclassifications

     (1,258 )     (24 )     (1,282 )

Reclassified from AOCI

     22       24       46  

Other comprehensive income, net

     (1,236 )     -       (1,236 )

Ending balance

   $ (14,363 )   $ (98 )   $ (14,461 )
   

Six Months Ended June 30, 2024

  
   

Unrealized Gains

                  
   

(Losses) on Available-

                  
   

for-Sale Securities

    

Employee Benefit Plans

    

Total

  

(Amounts in thousands)

                        

Beginning balance

   $ (11,126 )   $ 175     $ (10,951 )

Other comprehensive loss before reclassifications

     (1,463 )     (15 )     (1,478 )

Reclassified from AOCI

     -       15       15  

Other comprehensive loss, net

     (1,463 )     -       (1,463 )

Ending balance

   $ (12,589 )   $ 175     $ (12,414 )
   

Six Months Ended June 30, 2023

  
   

Unrealized Gains

                  
   

(Losses) on Available-

                  
   

for-Sale Securities

    

Employee Benefit Plans

    

Total

  

(Amounts in thousands)

                        

Beginning balance

   $ (15,621 )   $ (98 )   $ (15,719 )

Other comprehensive income before reclassifications

     1,240       (50 )     1,190  

Reclassified from AOCI

     18       50       68  

Other comprehensive income, net

     1,258       -       1,258  

Ending balance

   $ (14,363 )   $ (98 )   $ (14,461 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
   

Three Months Ended

    

Six Months Ended

    
   

June 30,

    

June 30,

  

Income Statement

(Amounts in thousands)

  

2024

    

2023

    

2024

    

2023

  

Line Item Affected

Available-for-sale securities

                                  

Gain recognized

   $ -     $ 28     $ -     $ 21  

Net loss on sale of securities

Reclassified out of AOCI, before tax

     -       28       -       21  

Income before income taxes

Income tax expense

     -       6       -       4  

Income tax expense

Reclassified out of AOCI, net of tax

     -       22       -       17  

Net income

Employee benefit plans

                                  

Amortization of prior service cost

     -       -       -       -  

Salaries and employee benefits

Amortization of net actuarial benefit cost

     9       31       18       63  

Salaries and employee benefits

Reclassified out of AOCI, before tax

     9       31       18       63  

Income before income taxes

Income tax expense

     2       7       3       12  

Income tax expense

Reclassified out of AOCI, net of tax

     7       24       15       51  

Net income

Total reclassified out of AOCI, net of tax

   $ 7     $ 46     $ 15     $ 68  

Net income
v3.24.2.u1
Note 13 - Fair Value (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
   

June 30, 2024

  
   

Total

    

Fair Value Measurements Using

  

(Amounts in thousands)

  

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

Available-for-sale debt securities

                                

U.S. Treasury securities

   $ 10,771     $ -     $ 10,771     $ -  

Municipal securities

     15,690       -       15,690       -  

Corporate Notes

     26,982             26,982        

Agency mortgage-backed securities

     76,243       -       76,243       -  

Total available-for-sale debt securities

     129,686       -       129,686       -  

Equity securities

     55       -       55       -  

Fair value loans

     3,176       -       -       3,176  

Derivative assets

     161       -       161       -  

Deferred compensation assets

     7,912       7,912       -       -  

Deferred compensation liabilities

     9,452       9,452       -       -  
   

December 31, 2023

  
   

Total

    

Fair Value Measurements Using

  

(Amounts in thousands)

  

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

Available-for-sale debt securities

                                

U.S. Agency securities

   $ 5,749     $ -     $ 5,749     $ -  

U.S. Treasury securities

     145,826       -       145,826       -  

Municipal securities

     19,377       -       19,377       -  

Corporate notes

     27,081       -       27,081       -  

Agency mortgage-backed securities

     82,928       -       82,928       -  

Total available-for-sale debt securities

     280,961       -       280,961       -  

Equity securities

     55       -       55       -  

Fair value loans

     3,421       -       -       3,421  

Derivative assets

     136       -       136       -  

Deferred compensation assets

     6,729       6,729       -       -  

Deferred compensation liabilities

     8,282       8,282       -       -  
Fair Value Measurements, Nonrecurring [Table Text Block]
   

June 30, 2024

  
   

Total

    

Fair Value Measurements Using

  
   

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

(Amounts in thousands)

                                

Collateral dependent assets with specific reserves

   $ 825     $ -     $ -     $ 825  

OREO

     100       -       -       100  
   

December 31, 2023

  
   

Total

    

Fair Value Measurements Using

  
   

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

(Amounts in thousands)

                                

Collateral dependent assets with specific reserves

   $ 825     $ -     $ -     $ 825  

OREO

     192       -       -       192  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
        Discount Range  
 

Valuation

Unobservable

  

(Weighted Average)

  
 

Technique

Input

  

June 30, 2024

  
             

Collateral dependent assets with specific reserves

Discounted appraisals(1)

Appraisal adjustments(2)

    

16% (16%)

  

OREO

Discounted appraisals(1)

Appraisal adjustments(2)

    

20% to 100% (75%)

  
       

Discount Range

  
 

Valuation

Unobservable

  

(Weighted Average)

  
 

Technique

Input

  

December 31, 2023

  
             

Collateral dependent assets with specific reserves

Discounted appraisals(1)

Appraisal adjustments(2)

     42% (42%)  

OREO

Discounted appraisals(1)

Appraisal adjustments(2)

    

20% to 100% (60%)

  
Fair Value, by Balance Sheet Grouping [Table Text Block]
   

June 30, 2024

  
   

Carrying

            

Fair Value Measurements Using

  

(Amounts in thousands)

  

Amount

    

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

Assets

                                        

Cash and cash equivalents

   $ 329,877     $ 329,877     $ 329,877     $ -     $ -  

Debt securities available-for-sale

     129,686       129,686       -       129,686       -  

Equity securities

     55       55       -       55       -  

Loans held for investment, net of allowance

     2,438,383       2,207,323       -       -       2,207,323  

Derivative financial assets

     161       161       -       161       -  

Interest receivable

     9,984       9,984       -       653       9,331  

Deferred compensation assets

     7,912       7,912       7,912       -       -  
                                         

Liabilities

                                        

Time deposits

     245,556       243,566       -       243,566       -  

Securities sold under agreements to repurchase

     894       894       -       894       -  

Interest payable

     812       812       -       812       -  

Deferred compensation liabilities

     9,452       9,452       9,452       -       -  
   

December 31, 2023

  
   

Carrying

            

Fair Value Measurements Using

  

(Amounts in thousands)

  

Amount

    

Fair Value

    

Level 1

    

Level 2

    

Level 3

  

Assets

                                        

Cash and cash equivalents

   $ 116,420     $ 116,420     $ 116,420     $ -     $ -  

Debt securities available-for-sale

     280,961       280,961       -       280,961       -  

Equity securities

     55       55       -       55       -  

Loans held for investment, net of allowance

     2,536,109       2,350,071       -       -       2,350,071  

Interest receivable

     10,881       10,881       -       1,246       9,635  

Deferred compensation assets

     6,729       6,729       6,729       -       -  

Derivative assets

     136       136       -       136       -  
                                         

Liabilities

                                        

Time deposits

     253,373       247,141       -       247,141       -  

Securities sold under agreements to repurchase

     1,119       1,119       -       1,119       -  

Interest payable

     556       556       -       556       -  

Deferred compensation liabilities

     8,282       8,282       8,282       -       -  
v3.24.2.u1
Note 14 - Litigation, Commitments, and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2024
Notes Tables  
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block]
  

June 30, 2024

  

December 31, 2023

 

(Amounts in thousands)

        

Commitments to extend credit

 $258,461  $277,462 

Standby letters of credit and financial guarantees(1)

  122,502   129,220 

Total off-balance sheet risk

 $380,963  $406,682 
v3.24.2.u1
Note 2 - Acquisitions (Details Textual)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Apr. 21, 2023
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Nov. 18, 2022
Business Combination, Acquisition Related Costs   $ 0 $ 2,014   $ 0 $ 2,393    
Goodwill   $ 143,946     $ 143,946   $ 143,946 [1]  
Surrey [Member]                
Business Combination, Stock Conversion Ratio               0.7159
Business Combination, Consideration Transferred $ 71,370              
Business Combination, Acquisition Related Costs 2,990     $ 596     $ 2,390  
Goodwill 14,381              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [2] 12,700              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans 111,220              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contractual Cash Flows 2,010              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Non Purchased Loans 143,550              
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Loans Acqured (15,800)              
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustment, Investment Securities 47              
Surrey [Member] | Reclassification, Other [Member]                
Goodwill 282              
Federal Income Payable 389              
State Income Tax Payable 8              
Surrey [Member] | Recorded By Surrey [Member]                
Goodwill 0              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [2] 0              
Deferred Loan Fees 2,940              
Surrey [Member] | Fair Value Adjustments [Member]                
Goodwill 14,381              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill [2] 12,700              
Deferred Tax Assets, Gross 177              
Surrey [Member] | Scenario, Adjustment [Member] | Reclassification, Other [Member]                
Deferred Tax Assets, Gross 99              
Surrey [Member] | Financial Asset Acquired with Credit Deterioration [Member]                
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans 101,420              
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Non Purchased Loans $ 137,550              
[1] Derived from audited financial statements
[2] Adjustment to record the core deposit intangible on the acquired deposit accounts.
v3.24.2.u1
Note 2 - Acquisitions - Surrey Acquisition (Details) - USD ($)
$ / shares in Units, $ in Thousands
Apr. 21, 2023
Jun. 30, 2024
Dec. 31, 2023
 [1]
Noninterest-bearing   $ 889,462 $ 931,920
Interest-bearing   1,787,810 1,790,405
Total deposits   2,677,272 2,722,325
Goodwill   $ 143,946 $ 143,946
Surrey [Member]      
Cash and cash equivalents $ 176,700    
Securities-available-for-sale [2] 20,934    
Loans held for investment, net of allowance and mark [3] 239,080    
Premises and equipment [4] 6,275    
Other assets [5],[6] 10,558    
Intangible assets [7] 12,700    
Total assets 466,247    
Noninterest-bearing 158,389    
Interest-bearing [8] 245,246    
Total deposits 403,635    
Long term debt 0    
Other liabilities [9] 5,623    
Total liabilities 409,258    
Net identifiable assets acquired over liabilities assumed 56,989    
Goodwill 14,381    
Net assets acquired over liabilities assumed $ 71,370    
First Community Bankshares, Inc. common stock issued (in shares) 2,996,786    
Purchase price per share of the Company's common stock (in dollars per share) $ 23.81    
Fair value of Company common stock issued $ 71,354    
Cash paid for fractional shares 16    
Fair Value of total consideration transferred 71,370    
Surrey [Member] | Recorded By Surrey [Member]      
Cash and cash equivalents 176,700    
Securities-available-for-sale [2] 22,027    
Loans held for investment, net of allowance and mark [3] 251,944    
Premises and equipment [4] 5,501    
Other assets [5],[6] 10,787    
Intangible assets [7] 0    
Total assets 466,959    
Noninterest-bearing 158,389    
Interest-bearing [8] 246,460    
Total deposits 404,849    
Long term debt 0    
Other liabilities [9] 6,004    
Total liabilities 410,853    
Net identifiable assets acquired over liabilities assumed 56,106    
Goodwill 0    
Net assets acquired over liabilities assumed 56,106    
Surrey [Member] | Fair Value Adjustments [Member]      
Cash and cash equivalents 0    
Securities-available-for-sale [2] (1,093)    
Loans held for investment, net of allowance and mark [3] (12,864)    
Premises and equipment [4] 774    
Other assets [5],[6] (229)    
Intangible assets [7] 12,700    
Total assets (712)    
Noninterest-bearing 0    
Interest-bearing [8] (1,214)    
Total deposits (1,214)    
Long term debt 0    
Other liabilities [9] (381)    
Total liabilities (1,595)    
Net identifiable assets acquired over liabilities assumed 883    
Goodwill 14,381    
Net assets acquired over liabilities assumed $ 15,264    
[1] Derived from audited financial statements
[2] Adjustment reflects the fair value adjustment based on the Company's evaluation of the acquired investment portfolio.
[3] Adjustment reflects the fair value adjustments of $(15.80) million based on the Company's evaluation of the acquired loan portfolio and excludes the allowance for credit losses and deferred loans fees of $2.94 million as recorded by Surrey.
[4] Adjustment reflects the fair value adjustments based on the Company's evaluation of the acquired premises and equipment.
[5] Adjustment reflects the fair value adjustment based on the Company's evaluation of stocks with other banks of $47 thousand.
[6] Adjustment to record the deferred tax asset related to the fair value adjustments $(177) thousand.
[7] Adjustment to record the core deposit intangible on the acquired deposit accounts.
[8] Adjustment reflects the fair value adjustment based on the Company's evaluation of the time deposit portfolio.
[9] Adjustment to reclass deferred tax asset $(99) thousand, goodwill $(282) thousand, federal income tax payable $(389) thousand, and state income tax payable $8 thousand.
v3.24.2.u1
Note 3 - Debt Securities (Details Textual)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
Apr. 21, 2023
USD ($)
Debt Securities, Available-for-Sale, Allowance for Credit Loss $ 0   $ 0      
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss $ 653   $ 653   $ 1,250  
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions 120   120   112  
Percentage of Combined Depreciation of Combined Reported Value of Aggregate Securities Portfolio 12.29%   12.29%   5.02%  
Proceeds from Sale of Debt Securities, Available-for-Sale $ 0 $ 21,970 $ 0 $ 38,979    
Debt Securities, Available-for-Sale, Amortized Cost 145,622   145,622   $ 295,045  
Asset Pledged as Collateral [Member]            
Debt Securities, Available-for-Sale, Amortized Cost $ 22,710   $ 22,710   $ 145,090  
Surrey [Member]            
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Marketable Securities [1]           $ 20,934
[1] Adjustment reflects the fair value adjustment based on the Company's evaluation of the acquired investment portfolio.
v3.24.2.u1
Note 3 - Debt Securities - Securities Available-for-sale (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Securities available for sale, amortized cost $ 145,622 $ 295,045
Securities available for sale, unrealized gains 2 29
Securities available for sale, unrealized losses (15,938) (14,113)
Securities available for sale, fair value 129,686 280,961 [1]
US Treasury Securities [Member]    
Securities available for sale, amortized cost 10,784 146,653
Securities available for sale, unrealized gains 0 16
Securities available for sale, unrealized losses (13) (843)
Securities available for sale, fair value 10,771 145,826
US Government Agencies Debt Securities [Member]    
Securities available for sale, amortized cost   5,750
Securities available for sale, unrealized gains   0
Securities available for sale, unrealized losses   (1)
Securities available for sale, fair value   5,749
US States and Political Subdivisions Debt Securities [Member]    
Securities available for sale, amortized cost 15,951 19,528
Securities available for sale, unrealized gains 2 11
Securities available for sale, unrealized losses (263) (162)
Securities available for sale, fair value 15,690 19,377
Corporate Debt Securities [Member]    
Securities available for sale, amortized cost 28,583 28,566
Securities available for sale, unrealized gains 0 0
Securities available for sale, unrealized losses (1,601) (1,485)
Securities available for sale, fair value 26,982 27,081
Mortgage-backed Agency Securities [Member]    
Securities available for sale, amortized cost 90,304 94,548
Securities available for sale, unrealized gains 0 2
Securities available for sale, unrealized losses (14,061) (11,622)
Securities available for sale, fair value $ 76,243 $ 82,928
[1] Derived from audited financial statements
v3.24.2.u1
Note 3 - Debt Securities - Securities by Contractual Maturity (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Securities available for sale, due within one year, amortized cost $ 15,364  
Securities available for sale, due within one year, fair value 15,321  
Securities available for sale, due after one year but within five years, amortized cost 39,954  
Securities available for sale, due after one year but within five years, fair value 38,122  
Securities available for sale, due after five years but within ten years, amortized cost 0  
Securities available for sale, due after five years but within ten years, fair value 0  
Securities available for sale, single maturity date, amortized cost 55,318  
Securities available for sale, single maturity date, fair value 53,443  
Total debt securities available-for-sale 145,622 $ 295,045
Total debt securities available-for-sale 129,686 $ 280,961 [1]
Collateralized Mortgage-Backed Securities [Member]    
Agency mortgage-backed securities, amortized cost 90,304  
Agency mortgage-backed securities, fair value $ 76,243  
[1] Derived from audited financial statements
v3.24.2.u1
Note 3 - Debt Securities - Available For Sale Securities in Continuous Unrealized Loss Position (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Securities available for sale, less than 12 months, fair value $ 21,307 $ 25,329
Securities available for sale, less than 12 months, unrealized losses (135) (45)
Securities available for sale, 12 months or longer, fair value 106,293 239,992
Securities available for sale, 12 months or longer, unrealized losses (15,803) (14,068)
Securities available for sale, total fair value 127,600 265,321
Securities available for sale, total unrealized losses (15,938) (14,113)
US Treasury Securities [Member]    
Securities available for sale, less than 12 months, fair value 10,771 11,417
Securities available for sale, less than 12 months, unrealized losses (13) (14)
Securities available for sale, 12 months or longer, fair value 0 129,108
Securities available for sale, 12 months or longer, unrealized losses 0 (829)
Securities available for sale, total fair value 10,771 140,525
Securities available for sale, total unrealized losses (13) (843)
US Government Agencies Debt Securities [Member]    
Securities available for sale, less than 12 months, fair value   5,749
Securities available for sale, less than 12 months, unrealized losses   (1)
Securities available for sale, 12 months or longer, fair value   0
Securities available for sale, 12 months or longer, unrealized losses   0
Securities available for sale, total fair value   5,749
Securities available for sale, total unrealized losses   (1)
US States and Political Subdivisions Debt Securities [Member]    
Securities available for sale, less than 12 months, fair value 6,204 4,742
Securities available for sale, less than 12 months, unrealized losses (39) (20)
Securities available for sale, 12 months or longer, fair value 7,401 5,484
Securities available for sale, 12 months or longer, unrealized losses (224) (142)
Securities available for sale, total fair value 13,605 10,226
Securities available for sale, total unrealized losses (263) (162)
Corporate Debt Securities [Member]    
Securities available for sale, less than 12 months, fair value 0 0
Securities available for sale, less than 12 months, unrealized losses 0 0
Securities available for sale, 12 months or longer, fair value 26,982 27,081
Securities available for sale, 12 months or longer, unrealized losses (1,601) (1,485)
Securities available for sale, total fair value 26,982 27,081
Securities available for sale, total unrealized losses (1,601) (1,485)
Mortgage-backed Agency Securities [Member]    
Securities available for sale, less than 12 months, fair value 4,332 3,421
Securities available for sale, less than 12 months, unrealized losses (83) (10)
Securities available for sale, 12 months or longer, fair value 71,910 78,319
Securities available for sale, 12 months or longer, unrealized losses (13,978) (11,612)
Securities available for sale, total fair value 76,242 81,740
Securities available for sale, total unrealized losses $ (14,061) $ (11,622)
v3.24.2.u1
Note 3 - Debt Securities - Gross Realized Gains and Losses from Sale of Available-for-sale Debt Securities (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Gross realized gains $ 0 $ 0 $ 0 $ 7
Gross realized losses 0 (28) 0 (28)
Net gain (loss) on sale of securities $ 0 $ (28) $ 0 $ (21)
v3.24.2.u1
Note 4 - Loans (Details Textual) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Bank Overdrafts $ 1,590 $ 1,500
Financing Receivable, Unamortized Loan Cost (Fee) 7,020 7,710
Financing Receivable, Unamortized Purchase Premium (Discount) (13,850) (15,290)
Financing Receivable, Accrued Interest, after Allowance for Credit Loss $ 9,330 $ 9,640
v3.24.2.u1
Note 4 - Loans - Loans by Class (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Non-covered loans $ 2,473,268 $ 2,572,298
Non-covered loans, percent 100.00% 100.00%
Commercial Portfolio Segment [Member]    
Non-covered loans $ 1,596,936 $ 1,661,493
Non-covered loans, percent 64.57% 64.59%
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member]    
Non-covered loans $ 81,693 $ 105,945
Non-covered loans, percent 3.30% 4.12%
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]    
Non-covered loans $ 205,858 $ 211,850
Non-covered loans, percent 8.32% 8.24%
Commercial Portfolio Segment [Member] | Multi-family Residential [Member]    
Non-covered loans $ 196,311 $ 188,382
Non-covered loans, percent 7.94% 7.32%
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member]    
Non-covered loans $ 209,442 $ 224,895
Non-covered loans, percent 8.47% 8.74%
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member]    
Non-covered loans $ 870,513 $ 894,550
Non-covered loans, percent 35.20% 34.78%
Commercial Portfolio Segment [Member] | Agricultural [Member]    
Non-covered loans $ 19,513 $ 21,669
Non-covered loans, percent 0.79% 0.84%
Commercial Portfolio Segment [Member] | Farmland [Member]    
Non-covered loans $ 13,606 $ 14,202
Non-covered loans, percent 0.55% 0.55%
Consumer Real Estate Portfolio Segment [Member]    
Non-covered loans $ 770,243 $ 792,211
Non-covered loans, percent 31.14% 30.80%
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member]    
Non-covered loans $ 88,608 $ 87,626
Non-covered loans, percent 3.58% 3.41%
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member]    
Non-covered loans $ 676,904 $ 696,140
Non-covered loans, percent 27.37% 27.06%
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member]    
Non-covered loans $ 4,731 $ 8,445
Non-covered loans, percent 0.19% 0.33%
Consumer and Other Portfolio Segment [Member]    
Non-covered loans $ 106,089 $ 118,594
Non-covered loans, percent 4.29% 4.61%
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member]    
Non-covered loans $ 104,503 $ 117,091
Non-covered loans, percent 4.23% 4.55%
Consumer and Other Portfolio Segment [Member] | Other Loan [Member]    
Non-covered loans $ 1,586 $ 1,503
Non-covered loans, percent 0.06% 0.06%
v3.24.2.u1
Note 5 - Credit Quality (Details Textual)
Pure in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Dec. 31, 2023
Financing Receivable, Nonaccrual, Interest Income $ 0 $ 0 $ 0 $ 0  
Financing Receivable, Modified, Number of Loans Uncollectible 0   0   0
v3.24.2.u1
Note 5 - Credit Quality - Loans by Credit Quality (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Non-covered loans $ 2,473,268   $ 2,473,268   $ 2,572,298
Originated in current year 69,715   69,715   252,040
Originated in one year prior 228,507   228,507   644,141
Originated in two years prior 600,403   600,403   484,822
Originated in three years prior 460,794   460,794   364,604
Originated in four years prior 344,578   344,578   122,644
Prior 622,414   622,414   553,919
Revolving 146,857   146,857   150,128
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     555   1,304
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff     869   3,829
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     1,555   2,100
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     640   578
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     141   255
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff     103   347
Financing Receivable, Revolving, Writeoff     184   412
Financing Receivable, Allowance for Credit Loss, Writeoff 1,599 $ 1,993 4,047 $ 4,563 8,825
Total loans held for investment, net of unearned income 2,473,268   2,473,268   2,572,298
Pass [Member]          
Non-covered loans 2,389,500   2,389,500   2,484,002
Originated in current year 69,519   69,519   248,253
Originated in one year prior 223,930   223,930   640,518
Originated in two years prior 596,262   596,262   477,118
Originated in three years prior 454,141   454,141   361,130
Originated in four years prior 341,339   341,339   114,859
Prior 559,065   559,065   494,223
Revolving 145,244   145,244   147,901
Total loans held for investment, net of unearned income 2,389,500   2,389,500   2,484,002
Special Mention [Member]          
Non-covered loans 29,930   29,930   32,102
Originated in current year 159   159   1,830
Originated in one year prior 2,233   2,233   1,088
Originated in two years prior 882   882   3,356
Originated in three years prior 2,640   2,640   1,064
Originated in four years prior 100   100   547
Prior 23,368   23,368   23,564
Revolving 548   548   653
Total loans held for investment, net of unearned income 29,930   29,930   32,102
Substandard [Member]          
Non-covered loans 53,838   53,838   56,194
Originated in current year 37   37   1,957
Originated in one year prior 2,344   2,344   2,535
Originated in two years prior 3,259   3,259   4,348
Originated in three years prior 4,013   4,013   2,410
Originated in four years prior 3,139   3,139   7,238
Prior 39,981   39,981   36,132
Revolving 1,065   1,065   1,574
Total loans held for investment, net of unearned income 53,838   53,838   56,194
Doubtful [Member]          
Non-covered loans 0   0   0
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loans held for investment, net of unearned income 0   0   0
Unlikely to be Collected Financing Receivable [Member]          
Non-covered loans 0   0   0
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loans held for investment, net of unearned income 0   0   0
Commercial Portfolio Segment [Member]          
Non-covered loans 1,596,936   1,596,936   1,661,493
Financing Receivable, Allowance for Credit Loss, Writeoff 194 133 556 306  
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member]          
Non-covered loans 81,693   81,693   105,945
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]          
Non-covered loans 205,858   205,858   211,850
Commercial Portfolio Segment [Member] | Multi-family Residential [Member]          
Non-covered loans 196,311   196,311   188,382
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member]          
Non-covered loans 209,442   209,442   224,895
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member]          
Non-covered loans 870,513   870,513   894,550
Commercial Portfolio Segment [Member] | Agricultural [Member]          
Non-covered loans 19,513   19,513   21,669
Commercial Portfolio Segment [Member] | Farmland [Member]          
Non-covered loans 13,606   13,606   14,202
Commercial Portfolio Segment [Member] | Pass [Member] | Construction, Development and Other Land [Member]          
Non-covered loans 78,978   78,978   103,573
Commercial Portfolio Segment [Member] | Pass [Member] | Commercial and Industrial [Member]          
Non-covered loans 199,944   199,944   207,034
Commercial Portfolio Segment [Member] | Pass [Member] | Multi-family Residential [Member]          
Non-covered loans 192,695   192,695   184,565
Commercial Portfolio Segment [Member] | Pass [Member] | Single Family Non-owner Occupied [Member]          
Non-covered loans 200,774   200,774   215,375
Commercial Portfolio Segment [Member] | Pass [Member] | Non-farm, Non-residential [Member]          
Non-covered loans 846,552   846,552   866,711
Commercial Portfolio Segment [Member] | Pass [Member] | Agricultural [Member]          
Non-covered loans 13,677   13,677   15,944
Commercial Portfolio Segment [Member] | Pass [Member] | Farmland [Member]          
Non-covered loans 11,918   11,918   12,480
Commercial Portfolio Segment [Member] | Special Mention [Member] | Construction, Development and Other Land [Member]          
Non-covered loans 2,338   2,338   1,955
Commercial Portfolio Segment [Member] | Special Mention [Member] | Commercial and Industrial [Member]          
Non-covered loans 1,985   1,985   2,097
Commercial Portfolio Segment [Member] | Special Mention [Member] | Multi-family Residential [Member]          
Non-covered loans 3,449   3,449   3,522
Commercial Portfolio Segment [Member] | Special Mention [Member] | Single Family Non-owner Occupied [Member]          
Non-covered loans 1,845   1,845   2,016
Commercial Portfolio Segment [Member] | Special Mention [Member] | Non-farm, Non-residential [Member]          
Non-covered loans 13,410   13,410   15,240
Commercial Portfolio Segment [Member] | Special Mention [Member] | Agricultural [Member]          
Non-covered loans 3,730   3,730   3,878
Commercial Portfolio Segment [Member] | Special Mention [Member] | Farmland [Member]          
Non-covered loans 462   462   484
Commercial Portfolio Segment [Member] | Substandard [Member] | Construction, Development and Other Land [Member]          
Non-covered loans 377   377   417
Commercial Portfolio Segment [Member] | Substandard [Member] | Commercial and Industrial [Member]          
Non-covered loans 3,929   3,929   2,719
Commercial Portfolio Segment [Member] | Substandard [Member] | Multi-family Residential [Member]          
Non-covered loans 167   167   295
Commercial Portfolio Segment [Member] | Substandard [Member] | Single Family Non-owner Occupied [Member]          
Non-covered loans 6,823   6,823   7,504
Commercial Portfolio Segment [Member] | Substandard [Member] | Non-farm, Non-residential [Member]          
Non-covered loans 10,551   10,551   12,599
Commercial Portfolio Segment [Member] | Substandard [Member] | Agricultural [Member]          
Non-covered loans 2,106   2,106   1,847
Commercial Portfolio Segment [Member] | Substandard [Member] | Farmland [Member]          
Non-covered loans 1,226   1,226   1,238
Commercial Portfolio Segment [Member] | Doubtful [Member] | Construction, Development and Other Land [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Commercial and Industrial [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Multi-family Residential [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Single Family Non-owner Occupied [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Non-farm, Non-residential [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Agricultural [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Doubtful [Member] | Farmland [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Construction, Development and Other Land [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial and Industrial [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Multi-family Residential [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Single Family Non-owner Occupied [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Non-farm, Non-residential [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Agricultural [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Farmland [Member]          
Non-covered loans 0   0   0
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member]          
Non-covered loans 81,693   81,693   105,945
Originated in current year 4,065   4,065   14,116
Originated in one year prior 10,013   10,013   54,752
Originated in two years prior 34,122   34,122   23,328
Originated in three years prior 23,400   23,400   4,260
Originated in four years prior 4,041   4,041   2,875
Prior 4,760   4,760   4,195
Revolving 1,292   1,292   2,419
Total loan 81,693   81,693   105,945
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     0   13
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Revolving, Writeoff     0   0
Financing Receivable, Allowance for Credit Loss, Writeoff     0   13
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Pass [Member]          
Originated in current year 4,065   4,065   12,379
Originated in one year prior 7,841   7,841   54,752
Originated in two years prior 34,122   34,122   23,328
Originated in three years prior 23,400   23,400   4,121
Originated in four years prior 3,935   3,935   2,700
Prior 4,323   4,323   3,874
Revolving 1,292   1,292   2,419
Total loan 78,978   78,978   103,573
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Special Mention [Member]          
Originated in current year 0   0   1,737
Originated in one year prior 2,172   2,172   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   139
Originated in four years prior 94   94   0
Prior 72   72   79
Revolving 0   0   0
Total loan 2,338   2,338   1,955
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Substandard [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 12   12   175
Prior 365   365   242
Revolving 0   0   0
Total loan 377   377   417
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Doubtful [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loan 0   0   0
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Unlikely to be Collected Financing Receivable [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loan 0   0   0
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]          
Non-covered loans 205,858   205,858   211,850
Originated in current year 22,317   22,317   53,670
Originated in one year prior 42,110   42,110   65,353
Originated in two years prior 58,030   58,030   19,764
Originated in three years prior 15,629   15,629   11,624
Originated in four years prior 9,614   9,614   6,992
Prior 17,262   17,262   13,819
Revolving 40,896   40,896   40,628
Total loan 205,858   205,858   211,850
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     0   66
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff     91   168
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     209   201
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     24   51
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     28   32
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff     1   66
Financing Receivable, Revolving, Writeoff     0   0
Financing Receivable, Allowance for Credit Loss, Writeoff     353   584
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Pass [Member]          
Originated in current year 22,306   22,306   53,619
Originated in one year prior 41,763   41,763   64,380
Originated in two years prior 57,075   57,075   19,477
Originated in three years prior 15,065   15,065   11,538
Originated in four years prior 9,182   9,182   5,717
Prior 13,757   13,757   11,775
Revolving 40,796   40,796   40,528
Total loan 199,944   199,944   207,034
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Special Mention [Member]          
Originated in current year 2   2   0
Originated in one year prior 0   0   229
Originated in two years prior 42   42   11
Originated in three years prior 106   106   0
Originated in four years prior 0   0   349
Prior 1,735   1,735   1,408
Revolving 100   100   100
Total loan 1,985   1,985   2,097
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Substandard [Member]          
Originated in current year 9   9   51
Originated in one year prior 347   347   744
Originated in two years prior 913   913   276
Originated in three years prior 458   458   86
Originated in four years prior 432   432   926
Prior 1,770   1,770   636
Revolving 0   0   0
Total loan 3,929   3,929   2,719
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Doubtful [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loan 0   0   0
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Unlikely to be Collected Financing Receivable [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loan 0   0   0
Commercial Portfolio Segment [Member] | Multi-family Residential [Member]          
Non-covered loans 196,311   196,311   188,382
Originated in current year 412   412   6,753
Originated in one year prior 10,519   10,519   67,484
Originated in two years prior 73,707   73,707   36,621
Originated in three years prior 36,077   36,077   30,021
Originated in four years prior 29,445   29,445   3,280
Prior 41,846   41,846   40,799
Revolving 4,305   4,305   3,424
Total loan 196,311   196,311   188,382
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Revolving, Writeoff     0   0
Financing Receivable, Allowance for Credit Loss, Writeoff     0   0
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Pass [Member]          
Originated in current year 412   412   6,753
Originated in one year prior 10,519   10,519   67,484
Originated in two years prior 73,598   73,598   36,621
Originated in three years prior 36,077   36,077   30,021
Originated in four years prior 29,445   29,445   3,280
Prior 38,339   38,339   36,982
Revolving 4,305   4,305   3,424
Total loan 192,695   192,695   184,565
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Special Mention [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 3,449   3,449   3,522
Revolving 0   0   0
Total loan 3,449   3,449   3,522
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Substandard [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 109   109   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 58   58   295
Revolving 0   0   0
Total loan 167   167   295
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Doubtful [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loan 0   0   0
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Unlikely to be Collected Financing Receivable [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loan 0   0   0
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member]          
Non-covered loans 870,513   870,513   894,550
Originated in current year 17,366   17,366   84,660
Originated in one year prior 80,671   80,671   235,428
Originated in two years prior 231,388   231,388   155,991
Originated in three years prior 151,125   151,125   116,483
Originated in four years prior 111,988   111,988   56,641
Prior 269,494   269,494   233,309
Revolving 8,481   8,481   12,038
Total loan 870,513   870,513   894,550
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff     0   8
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff     9   2
Financing Receivable, Revolving, Writeoff     0   0
Financing Receivable, Allowance for Credit Loss, Writeoff     9   10
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Pass [Member]          
Originated in current year 17,209   17,209   83,420
Originated in one year prior 79,652   79,652   234,607
Originated in two years prior 230,521   230,521   151,433
Originated in three years prior 147,398   147,398   114,974
Originated in four years prior 111,006   111,006   53,466
Prior 252,409   252,409   217,034
Revolving 8,357   8,357   11,777
Total loan 846,552   846,552   866,711
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Special Mention [Member]          
Originated in current year 157   157   65
Originated in one year prior 61   61   583
Originated in two years prior 574   574   2,590
Originated in three years prior 1,803   1,803   819
Originated in four years prior 0   0   0
Prior 10,815   10,815   11,132
Revolving 0   0   51
Total loan 13,410   13,410   15,240
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Substandard [Member]          
Originated in current year 0   0   1,175
Originated in one year prior 958   958   238
Originated in two years prior 293   293   1,968
Originated in three years prior 1,924   1,924   690
Originated in four years prior 982   982   3,175
Prior 6,270   6,270   5,143
Revolving 124   124   210
Total loan 10,551   10,551   12,599
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Doubtful [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loan 0   0   0
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Unlikely to be Collected Financing Receivable [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loan 0   0   0
Commercial Portfolio Segment [Member] | Agricultural [Member]          
Non-covered loans 19,513   19,513   21,669
Originated in current year 802   802   5,189
Originated in one year prior 4,536   4,536   4,657
Originated in two years prior 3,853   3,853   2,586
Originated in three years prior 2,133   2,133   661
Originated in four years prior 502   502   1,952
Prior 6,885   6,885   5,644
Revolving 802   802   980
Total loan 19,513   19,513   21,669
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff     115   59
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     60   0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     19   9
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     0   14
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff     0   8
Financing Receivable, Revolving, Writeoff     0   0
Financing Receivable, Allowance for Credit Loss, Writeoff     194   90
Commercial Portfolio Segment [Member] | Agricultural [Member] | Pass [Member]          
Originated in current year 802   802   5,004
Originated in one year prior 4,115   4,115   4,215
Originated in two years prior 3,399   3,399   2,352
Originated in three years prior 1,885   1,885   625
Originated in four years prior 404   404   674
Prior 2,270   2,270   2,094
Revolving 802   802   980
Total loan 13,677   13,677   15,944
Commercial Portfolio Segment [Member] | Agricultural [Member] | Special Mention [Member]          
Originated in current year 0   0   28
Originated in one year prior 0   0   276
Originated in two years prior 266   266   184
Originated in three years prior 173   173   8
Originated in four years prior 6   6   90
Prior 3,285   3,285   3,292
Revolving 0   0   0
Total loan 3,730   3,730   3,878
Commercial Portfolio Segment [Member] | Agricultural [Member] | Substandard [Member]          
Originated in current year 0   0   157
Originated in one year prior 421   421   166
Originated in two years prior 188   188   50
Originated in three years prior 75   75   28
Originated in four years prior 92   92   1,188
Prior 1,330   1,330   258
Revolving 0   0   0
Total loan 2,106   2,106   1,847
Commercial Portfolio Segment [Member] | Agricultural [Member] | Doubtful [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loan 0   0   0
Commercial Portfolio Segment [Member] | Agricultural [Member] | Unlikely to be Collected Financing Receivable [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loan 0   0   0
Commercial Portfolio Segment [Member] | Farmland [Member]          
Non-covered loans 13,606   13,606   14,202
Originated in current year 701   701   1,380
Originated in one year prior 1,355   1,355   1,237
Originated in two years prior 1,114   1,114   1,660
Originated in three years prior 1,578   1,578   912
Originated in four years prior 866   866   745
Prior 6,811   6,811   7,385
Revolving 1,181   1,181   883
Total loan 13,606   13,606   14,202
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Revolving, Writeoff     0   0
Financing Receivable, Allowance for Credit Loss, Writeoff     0   0
Commercial Portfolio Segment [Member] | Farmland [Member] | Pass [Member]          
Originated in current year 701   701   1,380
Originated in one year prior 1,355   1,355   1,237
Originated in two years prior 1,114   1,114   1,557
Originated in three years prior 1,477   1,477   912
Originated in four years prior 704   704   745
Prior 5,386   5,386   5,766
Revolving 1,181   1,181   883
Total loan 11,918   11,918   12,480
Commercial Portfolio Segment [Member] | Farmland [Member] | Special Mention [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   103
Originated in three years prior 101   101   0
Originated in four years prior 0   0   0
Prior 361   361   381
Revolving 0   0   0
Total loan 462   462   484
Commercial Portfolio Segment [Member] | Farmland [Member] | Substandard [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 162   162   0
Prior 1,064   1,064   1,238
Revolving 0   0   0
Total loan 1,226   1,226   1,238
Commercial Portfolio Segment [Member] | Farmland [Member] | Doubtful [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loan 0   0   0
Commercial Portfolio Segment [Member] | Farmland [Member] | Unlikely to be Collected Financing Receivable [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loan 0   0   0
Consumer Real Estate Portfolio Segment [Member]          
Non-covered loans 770,243   770,243   792,211
Financing Receivable, Allowance for Credit Loss, Writeoff 63 225 129 323  
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member]          
Non-covered loans 88,608   88,608   87,626
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member]          
Non-covered loans 676,904   676,904   696,140
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member]          
Non-covered loans 4,731   4,731   8,445
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Home Equity Lines [Member]          
Non-covered loans 85,190   85,190   83,769
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Single Family Owner Occupied [Member]          
Non-covered loans 650,853   650,853   669,878
Consumer Real Estate Portfolio Segment [Member] | Pass [Member] | Owner Occupied Construction [Member]          
Non-covered loans 4,731   4,731   8,445
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Home Equity Lines [Member]          
Non-covered loans 538   538   546
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Single Family Owner Occupied [Member]          
Non-covered loans 2,173   2,173   2,360
Consumer Real Estate Portfolio Segment [Member] | Special Mention [Member] | Owner Occupied Construction [Member]          
Non-covered loans 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Home Equity Lines [Member]          
Non-covered loans 2,880   2,880   3,311
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Single Family Owner Occupied [Member]          
Non-covered loans 23,878   23,878   23,902
Consumer Real Estate Portfolio Segment [Member] | Substandard [Member] | Owner Occupied Construction [Member]          
Non-covered loans 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Doubtful [Member] | Home Equity Lines [Member]          
Non-covered loans 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Doubtful [Member] | Single Family Owner Occupied [Member]          
Non-covered loans 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Doubtful [Member] | Owner Occupied Construction [Member]          
Non-covered loans 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Home Equity Lines [Member]          
Non-covered loans 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Single Family Owner Occupied [Member]          
Non-covered loans 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Owner Occupied Construction [Member]          
Non-covered loans 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member]          
Non-covered loans 88,608   88,608   87,626
Originated in current year 98   98   9
Originated in one year prior 0   0   974
Originated in two years prior 936   936   86
Originated in three years prior 83   83   100
Originated in four years prior 525   525   170
Prior 5,607   5,607   5,698
Revolving 81,359   81,359   80,589
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Revolving, Writeoff     15   227
Financing Receivable, Allowance for Credit Loss, Writeoff     15   227
Total loans held for investment, net of unearned income 88,608   88,608   87,626
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Pass [Member]          
Originated in current year 98   98   9
Originated in one year prior 0   0   962
Originated in two years prior 869   869   86
Originated in three years prior 83   83   73
Originated in four years prior 501   501   68
Prior 3,619   3,619   3,800
Revolving 80,020   80,020   78,771
Total loans held for investment, net of unearned income 85,190   85,190   83,769
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Special Mention [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 90   90   45
Revolving 448   448   501
Total loans held for investment, net of unearned income 538   538   546
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Substandard [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   12
Originated in two years prior 67   67   0
Originated in three years prior 0   0   27
Originated in four years prior 24   24   102
Prior 1,898   1,898   1,853
Revolving 891   891   1,317
Total loans held for investment, net of unearned income 2,880   2,880   3,311
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Doubtful [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loans held for investment, net of unearned income 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Unlikely to be Collected Financing Receivable [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loans held for investment, net of unearned income 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member]          
Non-covered loans 676,904   676,904   696,140
Originated in current year 8,995   8,995   51,062
Originated in one year prior 50,007   50,007   165,529
Originated in two years prior 162,664   162,664   223,281
Originated in three years prior 215,140   215,140   192,635
Originated in four years prior 182,386   182,386   46,597
Prior 266,705   266,705   241,500
Revolving 449   449   431
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     0   47
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     94   0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff     20   194
Financing Receivable, Revolving, Writeoff     0   0
Financing Receivable, Allowance for Credit Loss, Writeoff     114   241
Total loans held for investment, net of unearned income 886,346   886,346   921,035
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Pass [Member]          
Originated in current year 8,995   8,995   50,826
Originated in one year prior 49,774   49,774   164,974
Originated in two years prior 161,609   161,609   221,352
Originated in three years prior 213,514   213,514   191,156
Originated in four years prior 181,069   181,069   44,974
Prior 236,217   236,217   211,540
Revolving 449   449   431
Total loans held for investment, net of unearned income 851,627   851,627   885,253
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Special Mention [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   465
Originated in three years prior 457   457   98
Originated in four years prior 0   0   108
Prior 3,561   3,561   3,705
Revolving 0   0   0
Total loans held for investment, net of unearned income 4,018   4,018   4,376
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Substandard [Member]          
Originated in current year 0   0   236
Originated in one year prior 233   233   555
Originated in two years prior 1,055   1,055   1,464
Originated in three years prior 1,169   1,169   1,381
Originated in four years prior 1,317   1,317   1,515
Prior 26,927   26,927   26,255
Revolving 0   0   0
Total loans held for investment, net of unearned income 30,701   30,701   31,406
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Doubtful [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loans held for investment, net of unearned income 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Unlikely to be Collected Financing Receivable [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loans held for investment, net of unearned income 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member]          
Non-covered loans 4,731   4,731   8,445
Originated in current year 885   885   3,620
Originated in one year prior 2,385   2,385   4,232
Originated in two years prior 906   906   240
Originated in three years prior 226   226   0
Originated in four years prior 0   0   21
Prior 329   329   332
Revolving 0   0   0
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff     0   0
Financing Receivable, Revolving, Writeoff     0   0
Financing Receivable, Allowance for Credit Loss, Writeoff     0   0
Total loans held for investment, net of unearned income 4,731   4,731   8,445
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Pass [Member]          
Originated in current year 885   885   3,620
Originated in one year prior 2,385   2,385   4,232
Originated in two years prior 906   906   240
Originated in three years prior 226   226   0
Originated in four years prior 0   0   21
Prior 329   329   332
Revolving 0   0   0
Total loans held for investment, net of unearned income 4,731   4,731   8,445
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Special Mention [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loans held for investment, net of unearned income 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Substandard [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loans held for investment, net of unearned income 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Doubtful [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loans held for investment, net of unearned income 0   0   0
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Unlikely to be Collected Financing Receivable [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loans held for investment, net of unearned income 0   0   0
Consumer and Other Portfolio Segment [Member]          
Non-covered loans 106,089   106,089   118,594
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff     555   1,238
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff     663   3,594
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff     1,286   1,852
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff     503   518
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff     113   196
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff     73   77
Financing Receivable, Revolving, Writeoff     169   185
Financing Receivable, Allowance for Credit Loss, Writeoff 1,342 $ 1,635 3,362 $ 3,934 7,660
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member]          
Non-covered loans 104,503   104,503   117,091
Consumer and Other Portfolio Segment [Member] | Other Loan [Member]          
Non-covered loans 1,586   1,586   1,503
Consumer and Other Portfolio Segment [Member] | Pass [Member] | Consumer Loans [Member]          
Non-covered loans 102,602   102,602   114,725
Consumer and Other Portfolio Segment [Member] | Pass [Member] | Other Loan [Member]          
Non-covered loans 1,586   1,586   1,503
Consumer and Other Portfolio Segment [Member] | Special Mention [Member] | Consumer Loans [Member]          
Non-covered loans 0   0   4
Consumer and Other Portfolio Segment [Member] | Special Mention [Member] | Other Loan [Member]          
Non-covered loans 0   0   0
Consumer and Other Portfolio Segment [Member] | Substandard [Member] | Consumer Loans [Member]          
Non-covered loans 1,901   1,901   2,362
Consumer and Other Portfolio Segment [Member] | Substandard [Member] | Other Loan [Member]          
Non-covered loans 0   0   0
Consumer and Other Portfolio Segment [Member] | Doubtful [Member] | Consumer Loans [Member]          
Non-covered loans 0   0   0
Consumer and Other Portfolio Segment [Member] | Doubtful [Member] | Other Loan [Member]          
Non-covered loans 0   0   0
Consumer and Other Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Consumer Loans [Member]          
Non-covered loans 0   0   0
Consumer and Other Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Other Loan [Member]          
Non-covered loans 0   0   0
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member]          
Non-covered loans 104,503   104,503   117,091
Originated in current year 14,074   14,074   31,581
Originated in one year prior 26,911   26,911   44,495
Originated in two years prior 33,683   33,683   21,265
Originated in three years prior 15,403   15,403   7,908
Originated in four years prior 5,211   5,211   3,371
Prior 2,715   2,715   1,238
Revolving 8,092   8,092   8,736
Total loans held for investment, net of unearned income 106,089   106,089   118,594
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Pass [Member]          
Originated in current year 14,046   14,046   31,243
Originated in one year prior 26,526   26,526   43,675
Originated in two years prior 33,049   33,049   20,672
Originated in three years prior 15,016   15,016   7,710
Originated in four years prior 5,093   5,093   3,214
Prior 2,416   2,416   1,026
Revolving 8,042   8,042   8,688
Total loans held for investment, net of unearned income 104,188   104,188   116,228
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Special Mention [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   3
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   1
Total loans held for investment, net of unearned income 0   0   4
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Substandard [Member]          
Originated in current year 28   28   338
Originated in one year prior 385   385   820
Originated in two years prior 634   634   590
Originated in three years prior 387   387   198
Originated in four years prior 118   118   157
Prior 299   299   212
Revolving 50   50   47
Total loans held for investment, net of unearned income 1,901   1,901   2,362
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Doubtful [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loans held for investment, net of unearned income 0   0   0
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Unlikely to be Collected Financing Receivable [Member]          
Originated in current year 0   0   0
Originated in one year prior 0   0   0
Originated in two years prior 0   0   0
Originated in three years prior 0   0   0
Originated in four years prior 0   0   0
Prior 0   0   0
Revolving 0   0   0
Total loans held for investment, net of unearned income $ 0   $ 0   $ 0
v3.24.2.u1
Note 5 - Credit Quality - Nonaccrual Loans by Loan Class (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Total nonaccrual loans $ 19,815 $ 19,356
Loans With No Allowance [Member]    
Total nonaccrual loans 18,858 18,183
Loans With an Allowance [Member]    
Total nonaccrual loans 957 1,173
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member]    
Total nonaccrual loans 159 172
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Loans With No Allowance [Member]    
Total nonaccrual loans 159 172
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Loans With an Allowance [Member]    
Total nonaccrual loans 0 0
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]    
Total nonaccrual loans 1,698 1,438
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Loans With No Allowance [Member]    
Total nonaccrual loans 1,698 1,438
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Loans With an Allowance [Member]    
Total nonaccrual loans 0 0
Commercial Portfolio Segment [Member] | Multi-family Residential [Member]    
Total nonaccrual loans 167 183
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Loans With No Allowance [Member]    
Total nonaccrual loans 167 183
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Loans With an Allowance [Member]    
Total nonaccrual loans 0 0
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member]    
Total nonaccrual loans 791 832
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Loans With No Allowance [Member]    
Total nonaccrual loans 791 832
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Loans With an Allowance [Member]    
Total nonaccrual loans 0 0
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member]    
Total nonaccrual loans 2,800 2,444
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Loans With No Allowance [Member]    
Total nonaccrual loans 1,843 1,271
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Loans With an Allowance [Member]    
Total nonaccrual loans 957 1,173
Commercial Portfolio Segment [Member] | Agricultural [Member]    
Total nonaccrual loans 1,650 1,558
Commercial Portfolio Segment [Member] | Agricultural [Member] | Loans With No Allowance [Member]    
Total nonaccrual loans 1,650 1,558
Commercial Portfolio Segment [Member] | Agricultural [Member] | Loans With an Allowance [Member]    
Total nonaccrual loans 0 0
Commercial Portfolio Segment [Member] | Farmland [Member]    
Total nonaccrual loans 278 123
Commercial Portfolio Segment [Member] | Farmland [Member] | Loans With No Allowance [Member]    
Total nonaccrual loans 278 123
Commercial Portfolio Segment [Member] | Farmland [Member] | Loans With an Allowance [Member]    
Total nonaccrual loans 0 0
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member]    
Total nonaccrual loans 1,118 1,335
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Loans With No Allowance [Member]    
Total nonaccrual loans 1,118 1,335
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Loans With an Allowance [Member]    
Total nonaccrual loans 0 0
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member]    
Total nonaccrual loans 9,626 9,365
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Loans With No Allowance [Member]    
Total nonaccrual loans 9,626 9,365
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Loans With an Allowance [Member]    
Total nonaccrual loans 0 0
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member]    
Total nonaccrual loans 0 0
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Loans With No Allowance [Member]    
Total nonaccrual loans 0 0
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Loans With an Allowance [Member]    
Total nonaccrual loans 0 0
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member]    
Total nonaccrual loans 1,528 1,906
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Loans With No Allowance [Member]    
Total nonaccrual loans 1,528 1,906
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Loans With an Allowance [Member]    
Total nonaccrual loans $ 0 $ 0
v3.24.2.u1
Note 5 - Credit Quality - Aging of Past Due Loans by Loan Class (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Non-covered $ 2,473,268 $ 2,572,298
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered   0
Amortized Cost of > 90 Days Accruing No Allowance, Total 0  
Financial Asset, 30 to 59 Days Past Due [Member]    
Non-covered 11,181 13,953
Financial Asset, 60 to 89 Days Past Due [Member]    
Non-covered 4,085 6,194
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Non-covered 7,396 6,384
Financial Asset, Past Due [Member]    
Non-covered 22,662 26,531
Financial Asset, Not Past Due [Member]    
Non-covered 2,450,606 2,545,767
Commercial Portfolio Segment [Member]    
Non-covered 1,596,936 1,661,493
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member]    
Non-covered 81,693 105,945
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered 0 0
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 6 38
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 6 6
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 23 23
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member]    
Non-covered 35 67
Commercial Portfolio Segment [Member] | Construction, Development and Other Land [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member]    
Non-covered 81,658 105,878
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member]    
Non-covered 205,858 211,850
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered 0 0
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 787 1,232
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 130 766
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 421 390
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member]    
Non-covered 1,338 2,388
Commercial Portfolio Segment [Member] | Commercial and Industrial [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member]    
Non-covered 204,520 209,462
Commercial Portfolio Segment [Member] | Multi-family Residential [Member]    
Non-covered 196,311 188,382
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered 0 0
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 0 115
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 58 68
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 0 0
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member]    
Non-covered 58 183
Commercial Portfolio Segment [Member] | Multi-family Residential [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member]    
Non-covered 196,253 188,199
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member]    
Non-covered 209,442 224,895
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered 0 0
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 518 777
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 29 455
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 259 232
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member]    
Non-covered 806 1,464
Commercial Portfolio Segment [Member] | Single Family Non-owner Occupied [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member]    
Non-covered 208,636 223,431
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member]    
Non-covered 870,513 894,550
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered 0 0
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 659 617
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 305 229
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 725 382
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member]    
Non-covered 1,689 1,228
Commercial Portfolio Segment [Member] | Non-farm, Non-residential [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member]    
Non-covered 868,824 893,322
Commercial Portfolio Segment [Member] | Agricultural [Member]    
Non-covered 19,513 21,669
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered 0 0
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 98 22
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 203 56
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 130 217
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member]    
Non-covered 431 295
Commercial Portfolio Segment [Member] | Agricultural [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member]    
Non-covered 19,082 21,374
Commercial Portfolio Segment [Member] | Farmland [Member]    
Non-covered 13,606 14,202
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered 0 0
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 0 15
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 2 0
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 162 0
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member]    
Non-covered 164 15
Commercial Portfolio Segment [Member] | Farmland [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member]    
Non-covered 13,442 14,187
Consumer Real Estate Portfolio Segment [Member]    
Non-covered 770,243 792,211
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member]    
Non-covered 88,608 87,626
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered 0 0
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 600 639
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 481 343
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 553 534
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member]    
Non-covered 1,634 1,516
Consumer Real Estate Portfolio Segment [Member] | Home Equity Lines [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member]    
Non-covered 86,974 86,110
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member]    
Non-covered 676,904 696,140
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered 0 0
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 4,623 6,108
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 2,045 2,831
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 4,480 3,519
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member]    
Non-covered 11,148 12,458
Consumer Real Estate Portfolio Segment [Member] | Single Family Owner Occupied [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member]    
Non-covered 665,756 683,682
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member]    
Non-covered 4,731 8,445
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered 0 0
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 0 0
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 0 0
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 0 0
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member]    
Non-covered 0 0
Consumer Real Estate Portfolio Segment [Member] | Owner Occupied Construction [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member]    
Non-covered 4,731 8,445
Consumer and Other Portfolio Segment [Member]    
Non-covered 106,089 118,594
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member]    
Non-covered 104,503 117,091
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered 0 0
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 3,890 4,390
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 826 1,440
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 643 1,087
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member]    
Non-covered 5,359 6,917
Consumer and Other Portfolio Segment [Member] | Consumer Loans [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member]    
Non-covered 99,144 110,174
Consumer and Other Portfolio Segment [Member] | Other Loan [Member]    
Non-covered 1,586 1,503
Amortized Cost of > 90 Days Accruing No Allowance, Non-covered 0 0
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 0 0
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 0 0
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-covered Loans [Member]    
Non-covered 0 0
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, Past Due [Member] | Non-covered Loans [Member]    
Non-covered 0 0
Consumer and Other Portfolio Segment [Member] | Other Loan [Member] | Financial Asset, Not Past Due [Member] | Non-covered Loans [Member]    
Non-covered $ 1,586 $ 1,503
v3.24.2.u1
Note 5 - Credit Quality - Collateral Dependent Loans (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Collateral dependent loans $ 957 $ 1,173
Collateral coverage $ 825 $ 825
Collateral coverage percentage 86.25% 70.33%
Commercial Real Estate, Other [Member]    
Collateral dependent loans $ 957 $ 1,173
Collateral coverage $ 825 $ 825
Collateral coverage percentage 86.25% 70.33%
v3.24.2.u1
Note 5 - Credit Quality - Loans Modified as Troubled Debt Restructurings (Details) - USD ($)
$ in Thousands
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Financial Asset, Not Past Due [Member]    
Loans modified $ 2,264 $ 1,792
Financial Asset, 30 to 89 Days Past Due [Member]    
Loans modified 26 254
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Loans modified 0 0
Non-farm, Non-residential [Member] | Financial Asset, Not Past Due [Member]    
Loans modified 653 662
Non-farm, Non-residential [Member] | Financial Asset, 30 to 89 Days Past Due [Member]    
Loans modified 0 0
Non-farm, Non-residential [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Loans modified 0 0
Single Family Owner Occupied [Member] | Financial Asset, Not Past Due [Member]    
Loans modified 1,249 864
Single Family Owner Occupied [Member] | Financial Asset, 30 to 89 Days Past Due [Member]    
Loans modified 26 254
Single Family Owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Loans modified 0 0
Single Family Non-owner Occupied [Member] | Financial Asset, Not Past Due [Member]    
Loans modified 35 89
Single Family Non-owner Occupied [Member] | Financial Asset, 30 to 89 Days Past Due [Member]    
Loans modified 0 0
Single Family Non-owner Occupied [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Loans modified 0 0
Commercial and Industrial [Member] | Financial Asset, Not Past Due [Member]    
Loans modified 314 171
Commercial and Industrial [Member] | Financial Asset, 30 to 89 Days Past Due [Member]    
Loans modified 0 0
Commercial and Industrial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Loans modified 0 0
Consumer Loans [Member] | Financial Asset, Not Past Due [Member]    
Loans modified 13 6
Consumer Loans [Member] | Financial Asset, 30 to 89 Days Past Due [Member]    
Loans modified 0 0
Consumer Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]    
Loans modified 0 0
Payment Deferral [Member]    
Amortized cost basis 1,370 1,470
Payment Deferral [Member] | Non-farm, Non-residential [Member]    
Amortized cost basis $ 653 $ 662
Percentage of total financing receivable 0.08% 0.07%
Payment Deferral [Member] | Single Family Owner Occupied [Member]    
Amortized cost basis $ 533 $ 548
Percentage of total financing receivable 0.08% 0.08%
Payment Deferral [Member] | Single Family Non-owner Occupied [Member]    
Amortized cost basis $ 35 $ 89
Percentage of total financing receivable 0.02% 0.04%
Payment Deferral [Member] | Commercial and Industrial [Member]    
Amortized cost basis $ 149 $ 171
Percentage of total financing receivable 0.07% 0.08%
Extended Maturity [Member]    
Amortized cost basis $ 169 $ 6
Extended Maturity [Member] | Commercial and Industrial [Member]    
Amortized cost basis $ 165  
Percentage of total financing receivable 0.08%  
Extended Maturity [Member] | Consumer Loans [Member]    
Amortized cost basis $ 4 $ 6
Percentage of total financing receivable 0.00% 0.01%
Extended Maturity [Member] | Consumer Loans [Member] | Minimum [Member]    
Extended term (Month) 60 months 60 months
Extended Maturity [Member] | Consumer Loans [Member] | Maximum [Member]    
Extended term (Month) 84 months 84 months
Principal Forgiveness [Member]    
Amortized cost basis $ 1 $ 5
Principal Forgiveness [Member] | Single Family Owner Occupied [Member]    
Amortized cost basis $ 1 $ 5
Percentage of total financing receivable 0.00% 0.00%
Term Extension and Rate Reduction [Member]    
Amortized cost basis $ 750 $ 565
Term Extension and Rate Reduction [Member] | Single Family Owner Occupied [Member]    
Amortized cost basis $ 741 $ 565
Percentage of total financing receivable 0.11% 0.08%
Term Extension and Rate Reduction [Member] | Single Family Owner Occupied 1 [Member]    
Amortized cost basis $ 9  
Percentage of total financing receivable 0.01%  
v3.24.2.u1
Note 5 - Credit Quality - Other Real Estate Owned (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
OREO $ 100 $ 192
OREO secured by residential real estate 100 192
Residential real estate loans in the foreclosure process(1) [1] $ 3,137 $ 1,895
[1] The recorded investment in consumer mortgage loans collateralized by residential real estate that are in the process of foreclosure according to local requirements of the applicable jurisdiction
v3.24.2.u1
Note 6 - Allowance for Credit Losses - Changes in Allowance for Loan Losses (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Balance, Loans $ 35,461 $ 30,789 $ 36,189 [1] $ 30,556 $ 30,556
Balance, Allowance for credit losses - loan commitments 746 964 746 1,196 1,196
Total allowance for credit losses beginning of year 36,207 31,753 36,935 31,752 31,752
Provision (recovery) for credit losses - loans 449 4,105 1,460 6,079  
Provision for credit losses - loan commitments (305) 0 (305) (232)  
Total (recovery) provision for credit losses - loans and loan commitments 144 4,105 1,155 5,847  
Charge-offs (1,599) (1,993) (4,047) (4,563) (8,825)
Recoveries 574 1,265 1,283 2,094  
Net charge-offs (1,025) (728) (2,764) (2,469)  
Balance, Allowance for credit losses - loans 34,885 36,177 34,885 36,177 36,189 [1]
Balance, Allowance for credit losses - loan commitments 441 964 441 964 746
Ending balance 35,326 37,141 35,326 37,141 36,935
(Recovery) provision for credit losses - loan commitments (305) 0 (305) (232)  
Financial Asset Acquired with Credit Deterioration [Member] | Surrey [Member]          
Balance, Loans   2,011 0 2,011 2,011
Balance, Allowance for credit losses - loans         0
Commercial Portfolio Segment [Member]          
Balance, Loans 21,052 17,269 21,850 17,213 17,213
Balance, Allowance for credit losses - loan commitments 597 786 597 1,018 1,018
Total allowance for credit losses beginning of year 21,649 18,055 22,447 18,231 18,231
Provision (recovery) for credit losses - loans (634) 2,349 (1,186) 2,386  
Provision for credit losses - loan commitments (308) 0 (308) (232)  
Total (recovery) provision for credit losses - loans and loan commitments (942) 2,349 (1,494) 2,154  
Charge-offs (194) (133) (556) (306)  
Recoveries 128 578 244 770  
Net charge-offs (66) 445 (312) 464  
Balance, Allowance for credit losses - loans 20,352 21,515 20,352 21,515 21,850
Balance, Allowance for credit losses - loan commitments 289 786 289 786 597
Ending balance 20,641 22,301 20,641 22,301 22,447
(Recovery) provision for credit losses - loan commitments (308) 0 (308) (232)  
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Surrey [Member]          
Balance, Loans   1,452 0 1,452 1,452
Balance, Allowance for credit losses - loans         0
Consumer Real Estate Portfolio Segment [Member]          
Balance, Loans 9,701 8,995 9,693 8,931 8,931
Balance, Allowance for credit losses - loan commitments 121 150 121 156 156
Total allowance for credit losses beginning of year 9,822 9,145 9,814 9,087 9,087
Provision (recovery) for credit losses - loans 193 380 58 483  
Provision for credit losses - loan commitments (3) 0 (3) (6)  
Total (recovery) provision for credit losses - loans and loan commitments 190 380 55 477  
Charge-offs (63) (225) (129) (323)  
Recoveries 48 277 257 336  
Net charge-offs (15) 52 128 13  
Balance, Allowance for credit losses - loans 9,879 9,956 9,879 9,956 9,693
Balance, Allowance for credit losses - loan commitments 118 150 118 150 121
Ending balance 9,997 10,106 9,997 10,106 9,814
(Recovery) provision for credit losses - loan commitments (3) 0 (3) (6)  
Consumer Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Surrey [Member]          
Balance, Loans   529 0 529 529
Balance, Allowance for credit losses - loans         0
Consumer and Other Portfolio Segment [Member]          
Balance, Loans 4,708 4,525 4,646 4,412 4,412
Balance, Allowance for credit losses - loan commitments 28 28 28 22 22
Total allowance for credit losses beginning of year 4,736 4,553 4,674 4,434 4,434
Provision (recovery) for credit losses - loans 890 1,376 2,588 3,210  
Provision for credit losses - loan commitments 6 0 6 6  
Total (recovery) provision for credit losses - loans and loan commitments 896 1,376 2,594 3,216  
Charge-offs (1,342) (1,635) (3,362) (3,934) (7,660)
Recoveries 398 410 782 988  
Net charge-offs (944) (1,225) (2,580) (2,946)  
Balance, Allowance for credit losses - loans 4,654 4,706 4,654 4,706 4,646
Balance, Allowance for credit losses - loan commitments 34 28 34 28 28
Ending balance 4,688 4,734 4,688 4,734 4,674
(Recovery) provision for credit losses - loan commitments $ 6 0 6 6  
Consumer and Other Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | Surrey [Member]          
Balance, Loans   $ 30 $ 0 $ 30 30
Balance, Allowance for credit losses - loans         $ 0
[1] Derived from audited financial statements
v3.24.2.u1
Note 7 - Deposits - Components of Deposits (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Noninterest-bearing demand deposits $ 889,462 $ 931,920 [1]
Interest-bearing demand deposits 658,991 693,979
Money market accounts 344,924 307,487
Savings deposits 538,339 535,566
Certificates of deposit 163,458 166,417
Individual retirement accounts 82,098 86,956
Total interest-bearing deposits 1,787,810 1,790,405 [1]
Total deposits $ 2,677,272 $ 2,722,325 [1]
[1] Derived from audited financial statements
v3.24.2.u1
Note 8 - Borrowings (Details Textual) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Long-Term Debt $ 0 $ 0
Debt Instrument, Unused Borrowing Capacity, Amount 391,260  
Deposit Liabilities, Collateral Issued, Financial Instruments 120,230  
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged $ 511,490  
v3.24.2.u1
Note 8 - Borrowings - Components of Borrowings (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Securities sold under agreements to repurchase $ 894 $ 1,119 [1]
Retail Repurchase Agreements [Member]    
Securities sold under agreements to repurchase $ 894 $ 1,119
Retail repurchase agreements 0.05% 0.06%
[1] Derived from audited financial statements
v3.24.2.u1
Note 9 - Derivative Instruments and Hedging Activities - Notional or Contractual Amounts and Fair Values of Derivative Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Notional or contractual amount $ 3,337 $ 3,557
Derivative assets 161 136
Derivative liabilities 0 0
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]    
Notional or contractual amount 3,337 3,557
Derivative assets 161 136
Derivative liabilities $ 0 $ 0
v3.24.2.u1
Note 9 - Derivative Instruments and Hedging Activities - Effect of Derivative and Hedging Activity, on Consolidated Statements of Income (Details) - Interest Rate Swap [Member] - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Derivative expense $ (26) $ (26) $ (53) $ (46)
Designated as Hedging Instrument [Member]        
Derivative expense $ (26) $ (26) $ (53) $ (46)
v3.24.2.u1
Note 10 - Employee Benefit Plans - Components of Net Periodic Pension Cost and Assumed Discount Rate (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest cost $ 103 $ 95 $ 207 $ 177
Amortization of prior service cost 0 0 0 0
Amortization of losses 9 31 18 63
Net periodic cost $ 112 $ 126 $ 225 $ 240
v3.24.2.u1
Note 11 - Earnings Per Share - Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net income $ 12,686 $ 9,814 $ 25,531 $ 21,596
Adjust net income for fair value of restricted stock units (tax effected) 438 335 679 355
Net income for fully dilutive earnings per common share $ 13,124 $ 10,149 $ 26,210 $ 21,951
Weighted average common shares outstanding, basic (in shares) 18,343,958 18,407,078 18,410,043 17,323,706
Dilutive effect of potential common shares (in shares) 46,046 14,864 45,163 20,009
Total dilutive effect of potential common shares (in shares) 65,918 24,520 65,067 39,772
Weighted average common shares outstanding, diluted (in shares) 18,409,876 18,431,598 18,475,110 17,363,478
Basic earnings per common share (in dollars per share) $ 0.69 $ 0.53 $ 1.39 $ 1.25
Diluted earnings per common share (in dollars per share) $ 0.71 $ 0.55 $ 1.42 $ 1.26
Antidilutive potential common shares (in shares) 21,571 147,714 10,786 145,706
Share-Based Payment Arrangement, Option [Member]        
Dilutive effect of potential common shares (in shares) 19,872 9,656 19,904 12,938
Antidilutive potential common shares (in shares) 0 143,676 0 143,676
Unvested Stock Awards [Member]        
Dilutive effect of potential common shares (in shares) 0 0 0 6,825
Restricted Stock and Units [Member]        
Antidilutive potential common shares (in shares) 21,571 4,038 10,786 2,030
v3.24.2.u1
Note 12 - Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income, Net of Tax (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Balance $ 506,944 $ 431,731 $ 503,294 [1] $ 421,985
Other comprehensive loss, net (515) (1,236) (1,463) 1,258
Balance 508,884 498,720 508,884 498,720
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]        
Balance (12,074) (13,127) (11,126) (15,621)
Other comprehensive loss before reclassifications (515) (1,258) (1,463) 1,240
Reclassified from AOCI 0 22 0 18
Other comprehensive loss, net (515) (1,236) (1,463) 1,258
Balance (12,589) (14,363) (12,589) (14,363)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]        
Balance 175 (98) 175 (98)
Other comprehensive loss before reclassifications (7) (24) (15) (50)
Reclassified from AOCI 7 24 15 50
Other comprehensive loss, net 0 0 0 0
Balance 175 (98) 175 (98)
AOCI Attributable to Parent [Member]        
Balance (11,899) (13,225) (10,951) (15,719)
Other comprehensive loss before reclassifications (522) (1,282) (1,478) 1,190
Reclassified from AOCI 7 46 15 68
Other comprehensive loss, net (515) (1,236) (1,463) 1,258
Balance $ (12,414) $ (14,461) $ (12,414) $ (14,461)
[1] Derived from audited financial statements
v3.24.2.u1
Note 12 - Accumulated Other Comprehensive Income (Loss) - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Gain recognized $ 0 $ 28 $ 0 $ 21
Income before income taxes 16,213 12,871 32,704 28,311
Income tax expense 3,527 3,057 7,173 6,715
Net income 12,686 9,814 25,531 21,596
Reclassification out of Accumulated Other Comprehensive Income [Member]        
Income tax expense 0 6 0 4
Net income 7 46 15 68
Reclassification out of Accumulated Other Comprehensive Income [Member] | AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]        
Income before income taxes 0 28 0 21
Income tax expense 2 7 3 12
Net income 0 22 0 17
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment, Net Prior Service Attributable to Parent [Member]        
Other operating expense 0 0 0 0
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Attributable to Parent [Member]        
Other operating expense 9 31 18 63
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]        
Income before income taxes 9 31 18 63
Net income $ 7 $ 24 $ 15 $ 51
v3.24.2.u1
Note 13 - Fair Value - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Available-for-sale debt securities $ 129,686 $ 280,961 [1]
Derivative assets 161 136
Fair Value, Recurring [Member]    
Available-for-sale debt securities 129,686 280,961
Equity securities 55 55
Fair value loans 3,176 3,421
Derivative assets 161 136
Deferred compensation assets 7,912 6,729
Deferred compensation liabilities 9,452 8,282
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]    
Available-for-sale debt securities 0 0
Equity securities 0 0
Fair value loans 0 0
Derivative assets 0 0
Deferred compensation assets 7,912 6,729
Deferred compensation liabilities 9,452 8,282
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]    
Available-for-sale debt securities 129,686 280,961
Equity securities 55 55
Fair value loans 0 0
Derivative assets 161 136
Deferred compensation assets 0 0
Deferred compensation liabilities 0 0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]    
Available-for-sale debt securities 0 0
Equity securities 0 0
Fair value loans 3,176 3,421
Derivative assets 0 0
Deferred compensation assets 0 0
Deferred compensation liabilities 0 0
Fair Value, Recurring [Member] | US Treasury Securities [Member]    
Available-for-sale debt securities 10,771 145,826
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Available-for-sale debt securities 0 0
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Available-for-sale debt securities 10,771 145,826
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Available-for-sale debt securities 0 0
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member]    
Available-for-sale debt securities   5,749
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Available-for-sale debt securities   0
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Available-for-sale debt securities   5,749
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Available-for-sale debt securities   0
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member]    
Available-for-sale debt securities 15,690 19,377
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Available-for-sale debt securities 0 0
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Available-for-sale debt securities 15,690 19,377
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Available-for-sale debt securities 0 0
Fair Value, Recurring [Member] | Corporate Debt Securities [Member]    
Available-for-sale debt securities 26,982 27,081
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Available-for-sale debt securities 0
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Available-for-sale debt securities 26,982 27,081
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Available-for-sale debt securities 0
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member]    
Available-for-sale debt securities 76,243 82,928
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Available-for-sale debt securities 0 0
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Available-for-sale debt securities 76,243 82,928
Fair Value, Recurring [Member] | Mortgage-backed Agency Securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Available-for-sale debt securities $ 0 $ 0
[1] Derived from audited financial statements
v3.24.2.u1
Note 13 - Fair Value - Assets Measured at Fair Value on Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - Non-covered Loans [Member] - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Collateral Dependent Assets With Specific Reserves [Member]    
Total Fair Value $ 825 $ 825
Collateral Dependent Assets With Specific Reserves [Member] | Fair Value, Inputs, Level 1 [Member]    
Total Fair Value 0 0
Collateral Dependent Assets With Specific Reserves [Member] | Fair Value, Inputs, Level 2 [Member]    
Total Fair Value 0 0
Collateral Dependent Assets With Specific Reserves [Member] | Fair Value, Inputs, Level 3 [Member]    
Total Fair Value 825 825
OREO [Member]    
Total Fair Value 100 192
OREO [Member] | Fair Value, Inputs, Level 1 [Member]    
Total Fair Value 0 0
OREO [Member] | Fair Value, Inputs, Level 2 [Member]    
Total Fair Value 0 0
OREO [Member] | Fair Value, Inputs, Level 3 [Member]    
Total Fair Value $ 100 $ 192
v3.24.2.u1
Note 13 - Fair Value - Quantitative Information for Assets Measured at Fair Value on Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - Measurement Input, Discount Rate [Member] - Valuation, Market Approach [Member]
Jun. 30, 2024
Dec. 31, 2023
Minimum [Member]    
Collateral dependent assets with specific reserves [1] 0  
Weighted Average [Member]    
Collateral dependent assets with specific reserves [1],[2] 0.16 0.42
OREO [1],[2] 0.75 0.60
[1] Fair value is generally based on appraisals of the underlying collateral.
[2] Appraisals may be adjusted by management for customized discounting criteria, estimated sales costs, and proprietary qualitative adjustments.
v3.24.2.u1
Note 13 - Fair Value - Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Debt securities available-for-sale, at fair value $ 129,686 $ 280,961 [1]
Derivative assets 161 136
Interest receivable 9,984 10,881 [1]
Reported Value Measurement [Member]    
Cash and cash equivalents 329,877 116,420
Debt securities available-for-sale, at fair value 129,686 280,961
Equity securities 55 55
Loans held for investment, net of allowance 2,438,383 2,536,109
Derivative assets 161 136
Interest receivable 9,984 10,881
Deferred compensation assets 7,912 6,729
Securities sold under agreements to repurchase 894 1,119
Interest payable 812 556
Deferred compensation liabilities 9,452 8,282
Reported Value Measurement [Member] | Bank Time Deposits [Member]    
Deposits fair value 245,556 253,373
Estimate of Fair Value Measurement [Member]    
Cash and cash equivalents 329,877 116,420
Debt securities available-for-sale, at fair value 129,686 280,961
Equity securities 55 55
Loans held for investment, net of allowance 2,207,323 2,350,071
Derivative assets 161 136
Interest receivable 9,984 10,881
Deferred compensation assets 7,912 6,729
Securities sold under agreements to repurchase 894 1,119
Interest payable 812 556
Deferred compensation liabilities 9,452 8,282
Estimate of Fair Value Measurement [Member] | Bank Time Deposits [Member]    
Deposits fair value 243,566 247,141
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]    
Cash and cash equivalents 329,877 116,420
Debt securities available-for-sale, at fair value 0 0
Equity securities 0 0
Loans held for investment, net of allowance 0 0
Derivative assets 0 0
Interest receivable 0 0
Deferred compensation assets 7,912 6,729
Securities sold under agreements to repurchase 0 0
Interest payable 0 0
Deferred compensation liabilities 9,452 8,282
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Bank Time Deposits [Member]    
Deposits fair value 0 0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]    
Cash and cash equivalents 0 0
Debt securities available-for-sale, at fair value 129,686 280,961
Equity securities 55 55
Loans held for investment, net of allowance 0 0
Derivative assets 161 136
Interest receivable 653 1,246
Deferred compensation assets 0 0
Securities sold under agreements to repurchase 894 1,119
Interest payable 812 556
Deferred compensation liabilities 0 0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Bank Time Deposits [Member]    
Deposits fair value 243,566 247,141
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]    
Cash and cash equivalents 0 0
Debt securities available-for-sale, at fair value 0 0
Equity securities 0 0
Loans held for investment, net of allowance 2,207,323 2,350,071
Derivative assets 0 0
Interest receivable 9,331 9,635
Deferred compensation assets 0 0
Securities sold under agreements to repurchase 0 0
Interest payable 0 0
Deferred compensation liabilities 0 0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Bank Time Deposits [Member]    
Deposits fair value $ 0 $ 0
[1] Derived from audited financial statements
v3.24.2.u1
Note 14 - Litigation, Commitments, and Contingencies (Details Textual) - Class Action Lawsuit [Member] - USD ($)
May 06, 2024
May 05, 2024
Loss Contingency Accrual $ 4,800,000 $ 3,000,000
Litigation Settlement, Fee Expense Forgiven $ 500,000  
v3.24.2.u1
Note 14 - Litigation, Commitments, and Contingencies - Off-balance Sheet Financial Instruments (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Commitments to extend credit $ 258,461 $ 277,462
Standby letters of credit and financial guarantees(1) [1] 122,502 129,220
Total off-balance sheet risk $ 380,963 $ 406,682
[1] Includes FHLB letters of credit