Little Rock, Ark.-based Rock Bancshares Inc. and unit Heartland Bank entered into a written agreement with the Federal Reserve Bank of St. Louis on Dec. 13.

Among other things, the company and/or bank must submit plans to manage holding company debt, improve and strengthen oversight and management of operations, and strengthen credit risk management practices. The bank is not allowed to extend, renew, or restructure any credit to any borrower whose loans are classified as criticized without prior approval. It also cannot pay dividends, increase executive compensation, and must charge off all assets classified "loss."

In addition, the bank is being asked to submit a capital plan and a business plan and budget for 2017.