Editor's Note: This post will be continuously updated throughout Friday and early Saturday as needed. Updates will also be posted to the Watchman's Facebook and Twitter pages.

12:22 p.m.: A second tornado warning has been issued for the northern part of Panola County near the Harrison County line through 12:45 a.m.

12:10 p.m.: A tornado warning has been issued for northwest Panola County through 12:45 a.m.

11:59 p.m.: The National Weather Service has issued a severe thunderstorm warning for Panola County through 1 a.m.

Forecast includes wind up to 60 mph and potential penny-sized hail. All of Panola County is included.

5:32 p.m.: A tornado watch has been issued for Panola County and much of the region through 2 a.m. Saturday. The National Weather Service says a few tornados are likely, with isolated hail up to ping pong size and widespread wind gusts up to 80 mph.

1:10 p.m.: Carthage ISD says it does not plan to release school early.

"We are closely monitoring the risk for severe weather today," a notice said. "Based on the weather reports we have received, we will continue to have a regular school day today."

11:55 a.m.: Carthage ISD says the boys basketball games scheduled against Pleasant Grove are cancelled.

11:51 a.m.: Gary ISD has announced changes to scheduled events ahead of expected inclement weather.

The girls varsity basketball team will play in Cushing at 4 p.m. today. The boys basketball games have been moved to Monday, Jan. 13, in Broaddus. The JV boys will play at 4:30 p.m., followed by varsity.

Friday's pep rally and little dribbler practices have been cancelled.

11:30 a.m.: The National Weather Service said Friday morning that all of the four-state region will see some type of storm Friday night and they want residents to be prepared in case it is severe.

The potential for severe weather has been raised throughout the region, with the "moderate" risk expansion to almost all of their coverage area. Panola County had been listed with a "moderate" risk on an earlier forecast and continues to be listed as such on the new models.

"It's not a question of if you'll see weather, it's a question of how bad the weather will be when you see it." Meteorologist Aaron Davis said during an online weather briefing.

The bottom line, Davis said, is that "we are still looking at a significant, severe weather event." Confidence in the potential for damaging winds and a tornado threat are very likely, Davis said. The National Weather Service is also monitoring a flash flood threat, having already issued a watch for some northern areas near Oklahoma and saying it could be expanded as the day goes on.

Davis said the risk of hail is lower, but not zero. He highlighted a potential for 80-plus mph winds in the forecast and said the Storm Prediction Center believes this is going to be a "very long-lived, high-wind event."

The Storm Prediction Center placed Panola County under a 45 percent probability for significant damaging winds and a 15 percent probability for tornadoes, which was slightly higher than areas west.

Davis said the NWS is looking at two different timing scenarios: One, from about 3 to 9 p.m., is when isolated storms could pop up ahead of the squall line. These storms have the potential to produce stronger tornadoes, he said.

The main storm line is expected to hit Panola County between 9 p.m. and midnight and go into the overnight hours. Davis said there is also a threat of embedded tornadoes within that line.

Panola County is expected to get between 1.5 and 2 inches of rainfall.

"What's important with this is a lot of this rain is anticipated to fall in a very short amount of time," Davis said. "This is not a prolonged rain event."

Especially because this storm is taking place overnight, Davis stressed that residents should have more than one way to get weather warnings, whether it's the NWS updates online, local news or NOAA weather radios.

"Have a plan now," he said. "The best time to start planning for this was two days ago, but there's still plenty of time to plan now."