DCB Financial (DCBF) 10-Q 13 Nov 15 2015 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 12, 2015
Document Information [Line Items]
Entity Registrant Name	DCB FINANCIAL CORP
Entity Central Index Key	1,025,877
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	DCBF
Entity Common Stock, Shares Outstanding		7,280,290
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,015

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets:
Cash and due from financial institutions	$ 6,883	$ 6,247
Interest-bearing deposits	28,148	15,027
Total cash and cash equivalents	35,031	21,274
Securities available-for-sale	82,019	75,909
Loans	380,290	385,444
Less allowance for loan losses	(4,206)	(4,236)
Net loans	376,084	381,208
Real estate owned	785	1,111
Investment in FHLB stock	3,250	3,250
Premises and equipment, net	5,178	10,016
Premises and equipment held-for-sale	4,771	0
Bank-owned life insurance	20,598	20,027
Deferred tax asset, net	10,383	0
Accrued interest receivable and other assets	3,635	2,587
Total assets	541,734	515,382
Deposits:
Non-interest bearing	123,870	111,022
Interest bearing	351,037	342,170
Total deposits	474,907	453,192
Borrowings	4,711	11,808
Accrued interest payable and other liabilities	3,420	3,171
Total liabilities	483,038	468,171
Shareholders’ equity:
Preferred shares, no par value, 2,000,000 shares authorized, none issued and outstanding	0	0
Common shares, no par value, 17,500,000 shares authorized, 7,595,087 and 7,500,000 shares issued, and 7,280,290 and 7,233,795 shares outstanding for September 30, 2015 and December 31, 2014, respectively	16,412	16,064
Retained earnings	49,526	38,055
Treasury stock, at cost, 307,650 shares	(7,416)	(7,416)
Accumulated other comprehensive income	609	654
Deferred stock-based compensation	(435)	(146)
Total shareholders’ equity	58,696	47,211
Total liabilities and shareholders’ equity	$ 541,734	$ 515,382
Common shares outstanding	7,280,290	7,233,795
Book value per common share	$ 8.05	$ 6.53

Consolidated Balance Sheets _Pa

Consolidated Balance Sheets [Parenthetical] - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Preferred Stock, Par or Stated Value Per Share	$ 0	$ 0
Preferred Stock, Shares Authorized	2,000,000	2,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common stock, shares authorized	17,500,000	17,500,000
Common stock, shares issued	7,595,087	7,500,000
Common Stock, Shares, Outstanding	7,280,290	7,233,795
Treasury stock, shares	307,650	307,650

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Interest income:
Loans	$ 3,979	$ 3,775	$ 11,884	$ 11,231
Securities	473	494	1,460	1,582
Federal funds sold and interest bearing deposits	17	9	46	32
Total interest income	4,469	4,278	13,390	12,845
Interest expense:
Savings and money market accounts	153	147	445	416
Time accounts	88	104	272	341
NOW accounts	16	19	49	56
Total	257	270	766	813
FHLB advances	35	36	106	108
Total interest expense	292	306	872	921
Net interest income	4,177	3,972	12,518	11,924
Provision for loan losses	(150)	0	0	0
Net interest income after provision for loan losses	4,327	3,972	12,518	11,924
Non-interest income:
Service charges	523	485	1,475	1,485
Wealth management fees	438	420	1,217	1,091
Treasury management fees	81	58	203	173
Income from bank-owned life insurance	163	165	571	566
Losses on loans held for sale	0	(189)	0	(546)
Net losses on sales of REO	(19)	(69)	(20)	(73)
Net gains on the sale of securities available-for-sale	0	241	0	101
Gain on sale of branch	0	0	0	438
Other non-interest income	37	29	115	92
Total non-interest income	1,223	1,140	3,561	3,327
Non-interest expense:
Salaries and employee benefits	2,771	2,821	8,302	8,311
Occupancy and equipment	1,010	892	2,996	2,841
Professional services	405	366	1,042	983
Advertising	169	100	418	258
Office supplies, postage and courier	81	72	232	256
FDIC insurance premium	95	180	302	520
State franchise taxes	75	67	225	199
Other non-interest expense	544	564	1,779	1,677
Total non-interest expense	5,150	5,062	15,296	15,045
Income before income tax benefit	400	50	783	206
Income tax benefit	(10,688)	0	(10,688)	0
Net income	$ 11,088	$ 50	$ 11,471	$ 206
Share and Per Share Data
Basic average common shares outstanding (in shares)	7,282,365	7,192,350	7,269,222	7,192,350
Diluted average common shares outstanding (in shares)	7,302,174	7,249,194	7,288,237	7,242,431
Basic and diluted earnings per common share (in dollars per share)	$ 1.52	$ 0.01	$ 1.58	$ 0.03

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net income	$ 11,088	$ 50	$ 11,471	$ 206
Other comprehensive income (loss):
Reclassification adjustment for realized gains included in net income in the three and nine months ended September 30, 2014, net of taxes of $82 and $34, respectively	0	(159)	0	(67)
Net unrealized gains (losses) on securities available-for-sale in the three months and nine months ended September 30, 2015 and 2014, net of taxes of $60, $(10), $(22), and $709, respectively	116	(20)	(45)	1,377
Reclassification of previously recognized non-credit other than temporary impairment on sale of security in the nine months ended September 30, 2014, net of taxes $(48)	0	0	0	(92)
Total other comprehensive income (loss)	116	(179)	(45)	1,218
Comprehensive income (loss)	$ 11,204	$ (129)	$ 11,426	$ 1,424

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Loss) [Parenthetical] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Other Than Temporary Impairment Losses Investment Reclassification Adjustment Of Previously Recognized Sale Of Security Tax		$ 82		$ 34
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, Tax, Portion Attributable to Parent, Held-to-maturity Securities	$ 60	$ (22)	$ (10)	$ 709
Other than Temporary Impairment Losses, Investments, Portion in Other Comprehensive Loss, Tax, Portion Attributable to Parent, Available-for-sale Securities			$ (48)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Preferred Stock [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Deferred Stock-Based Compensation [Member]
Balance at Dec. 31, 2013	$ 45,263	$ 15,771	$ 0	$ 37,682	$ (7,416)	$ (774)	$ 0
Balance (in shares) at Dec. 31, 2013		7,192,350
Net income	206	$ 0	0	206	0	0	0
Other comprehensive loss, net of taxes	1,218	0	0	0	0	1,218	0
Balance at Sep. 30, 2014	46,687	$ 15,771	0	37,888	(7,416)	444	0
Balance (in shares) at Sep. 30, 2014		7,192,350
Balance at Dec. 31, 2014	47,211	$ 16,064	0	38,055	(7,416)	654	(146)
Balance (in shares) at Dec. 31, 2014		7,233,795
Net income	11,471	$ 0	0	11,471	0	0	0
Other comprehensive loss, net of taxes	(45)	0	0	0	0	(45)	0
Issuance of restricted stock	0	$ 407	0	0	0	0	(407)
Issuance of restricted stock (in shares)		55,785
Forfeiture of restricted stock	0	$ (59)	0	0	0	0	59
Forfeiture of restricted stock (in shares)		(9,290)
Amortization of restricted stock	59	$ 0	0	0	0	0	59
Balance at Sep. 30, 2015	$ 58,696	$ 16,412	$ 0	$ 49,526	$ (7,416)	$ 609	$ (435)
Balance (in shares) at Sep. 30, 2015		7,280,290

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net income	$ 11,471	$ 206
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	729	813
Deferred taxes, net	(10,688)	0
Loss on sale of securities available-for-sale	0	(101)
Loss on loans held-for-sale	0	546
Net loss on sale of real estate owned	20	73
Gain on sale of branch	0	(438)
Net stock-based compensation expense	132	147
Premium amortization on securities, net	790	823
Earnings on bank owned life insurance	(571)	(566)
Net changes in other assets and other liabilities	(545)	(1,653)
Net cash provided by (used in) operating activities	1,338	(150)
Cash flows from investing activities
Purchases of securities available-for-sale	(25,696)	(16,595)
Proceeds from maturities, principal payments and calls of securities available-for-sale	18,728	15,842
Proceeds from sales of securities available-for-sale	0	7,140
Net change in loans	5,124	(14,563)
Proceeds from sale of real estate owned	307	440
Net cash paid with sale of branch	0	(12,464)
Proceeds from redemption of FHLB stock	0	549
Premises and equipment expenditures	(662)	(322)
Proceeds from sale of loans	0	423
Net cash used in investing activities	(2,199)	(19,550)
Cash flows from financing activities
Net change in deposits	21,715	15,172
Repayment of borrowings	(7,097)	(22)
Net cash provided by financing activities	14,618	15,150
Net change in cash and cash equivalents	13,757	(4,550)
Cash and cash equivalents at beginning of period	21,274	25,357
Cash and cash equivalents at end of period	35,031	20,807
Cash paid during the period for:
Cash paid during the period for interest on deposits and borrowings	834	994
Non-cash investing and financing activities:
Transfer of loans to real estate owned	$ 0	$ 509

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Throughout this report, the terms “Company,” “DCB,” “we,” “our” and “us” refers to the consolidated entity of DCB Financial Corp and its wholly owned subsidiaries, The Delaware County Bank and Trust Company (the “Bank”), DCB Title Services LLC, DCB Insurance Services, Inc, and 110 Riverbend, LLC. The accompanying unaudited financial statements were prepared in accordance with the instructions for Form 10-Q and Regulation S-X and, therefore, do not include information for footnotes necessary for a complete presentation of financial condition, results of operations, and cash flows in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The material under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations” is written with the presumption that the users of the interim financial statements have read, or have access to, the latest audited financial statements and notes thereto of the Company, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations as of December 31, 2014, and for the two-year period then ended, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. Accordingly, only material changes in the results of operations and financial condition are discussed in the remainder of Part I. Certain amounts from prior year periods are reclassified, when necessary, to conform to the current period presentation. All adjustments, consisting of only normal recurring items, that in the opinion of management are necessary for a fair presentation of the financial statements have been included in the results of operations for the three and nine months ended September 30, 2015 and 2014. The results of operations for the three and nine months ended September 30, 2015 are not necessarily indicative of the results anticipated for the year. To prepare financial statements in conformity with U.S. GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect amounts reported in the financial statements and disclosures provided, and future results could differ. The allowance for loan losses, fair values of financial instruments and status of contingencies are anytime particularly subject to change. Earnings per common share is net income divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share is computed including the dilutive effect of additional potential common shares under stock options. Three months ended Nine months ended September 30, September 30, 2015 2014 2015 2014 Weighted-average common shares outstanding (basic) 7,282,365 7,192,350 7,269,222 7,192,350 Dilutive effect of assumed exercise of stock options 19,809 56,844 19,015 50,081 Weighted-average common shares outstanding (diluted) 7,302,174 7,249,194 7,288,237 7,242,431 There were 61,339 124,622 At September 30, 2015 and 2014, 14,985 45,727 Compensation cost is recognized for restricted stock awards issued to employees and directors based on the fair value of these awards at the date of grant. The market price of the Company’s common shares at the date of grant is used to determine the fair value for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Awards for 2,145 55,785 9,290 87,940 41,445 The Company’s outstanding stock options may be settled for cash at the recipient’s discretion; therefore, liability accounting applies to the Company’s 2004 Long-Term Stock Incentive Plan under which such stock options were granted. Compensation expense is recognized based on the fair value of these awards at the reporting date. A Black Scholes model is utilized to estimate the fair value of stock options at the date of grant and subsequent re-measurement dates. Compensation cost is recognized over the required service period, generally defined as the vesting period. The Company’s stock option awards contain terms that provide for a graded vesting schedule whereby portions of the award vest in increments over the requisite service period. Changes in fair value of the options between the vesting date and option expiration date are also recognized in the Consolidated Statement of Income. The Company’s consolidated financial statements are prepared in accordance with U.S. GAAP and follow general practices within the financial services industry. The application of these principles requires management to make estimates, assumptions, and judgments that affect the amounts reported in the financial statements and accompanying notes. These estimates, assumptions, and judgments are based on information available as of the date of the financial statements; as this information changes, the financial statements could reflect different estimates, assumptions, and judgments. The procedures for assessing the adequacy of the allowance for loan losses reflect the Company’s evaluation of credit risk after careful consideration of all information available to the Company. In developing this assessment, the Company must rely on estimates and exercise judgment regarding matters where the ultimate outcome is unknown, such as economic factors, developments affecting companies in specific industries and issues with respect to single borrowers. Depending on changes in circumstances, future assessments of credit risk may yield materially different results, which may require an increase or a decrease in the allowance for loan losses. The valuation of other assets requires that management utilize a variety of estimates and analysis to determine whether an asset is impaired or other-than-temporarily impaired (“OTTI”). After determining the appropriate methodology for fair value measurement, management then evaluates whether or not declines in fair value below book value are temporary or other-than-temporary impairments. When the Company does not intend to sell a debt security, and it is more likely than not that the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income. Loans are classified as held for investment when management has both the intent and ability to hold the loan for the foreseeable future, or until maturity or payoff. Management’s intent and view of the foreseeable future may change based on changes in business strategies, the economic environment, market conditions and the availability of government programs. Loans that are held for investment are reported at the principal balance outstanding, net of unearned interest, unamortized deferred loan fees and costs and the allowance for loan losses. Loans held for sale are carried at the lower of amortized cost or estimated fair value, determined on an aggregate basis for each type of loan. Net unrealized losses are recognized by charges to income. Interest income is accrued based on the unpaid principal balance and includes amortization of net deferred loan fees and costs over the loan term. Interest income on mortgage and commercial loans is discontinued at the time the loan is 90 When loans are transferred from held for investment to held for sale, specific reserves and allocated pooled reserves included in the allowance for loan and losses are reclassified to reduce the basis of the loans to the lower of cost or estimated fair value less cost to sell. The allowance for loan losses is a valuation allowance for probable but unconfirmed credit losses, increased by the provision for loan losses and decreased by charge-offs net of recoveries. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Management estimates the required allowance balance based on past loan loss experience, augmented by additional estimates related to the nature and volume of the portfolio, information about specific borrower situations, estimated collateral values, economic conditions and other factors. The allowance consists of both specific and general components. The specific component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the collateral value or value of expected discounted cash flows of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical charge-off experience and expected loss given default derived from the Bank’s internal risk rating process. Management utilizes an average of a three year historical loss period. Management has the ability to adjust these loss rates by utilizing risk ratings based on current period trends. If current period trends differ either positively or negatively from the given weighted historical loss rates, adjustments can be made. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risking rating data. Management also utilizes its assessment of general economic conditions, and other localized economic data to more fully support its loan loss estimates. General economic data may include: inflation rates, savings rates and national unemployment rates. Local data may include: unemployment rates, housing starts, real estate valuations, and other economic data specific to the Company’s market area. Though not specific to individual loans, these economic trends can have an impact on portfolio performance as a whole. Uncollectibility is usually determined based on a pre-determined number of days delinquent in the case of consumer loans, or, in the case of commercial loans, is based on a combination of factors including delinquency, collateral and other legal considerations. Consumer loans are charged-off prior to 120 180 Troubled debt restructuring of loans is undertaken to improve the likelihood that the loan will be repaid in full under the modified terms in accordance with a reasonable repayment schedule. All modified loans are evaluated to determine whether the loans should be reported as a Troubled Debt Restructuring (“TDR”). A loan is a TDR when the Company, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower by modifying or renewing a loan that the Company would not otherwise consider. To make this determination, the Company must determine whether (a) the borrower is experiencing financial difficulties and (b) the Company granted the borrower a concession. This determination requires consideration of all of the facts and circumstances surrounding the modification. An overall general decline in the economy or some deterioration in a borrower’s financial condition does not automatically mean the borrower is experiencing financial difficulties. Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes). The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax basis of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred tax assets are reduced by a valuation allowance, if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. The Company recognizes interest and penalties on income taxes, if applicable, as a component of income tax expense. The Company files consolidated income tax returns with its subsidiaries.

Securities

Securities	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 2 – Securities September 30, 2015 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value U.S. Government and agency obligations $ 16,432 $ 64 $ (27) $ 16,469 Corporate bonds 4,220 34 (8) 4,246 States and municipal obligations 22,137 437 (93) 22,481 Collateralized mortgage obligations 22,316 63 (80) 22,299 Mortgage-backed securities 15,991 547 (14) 16,524 Total $ 81,096 $ 1,145 $ (222) $ 82,019 December 31, 2014 Amortized Gross Gross Fair Value U.S. Government and agency obligations $ 11,602 $ 31 $ (88) $ 11,545 Corporate bonds 4,975 33 (21) 4,987 States and municipal obligations 21,303 423 (69) 21,657 Collateralized mortgage obligations 19,601 85 (106) 19,580 Mortgage-backed securities 17,438 702 — 18,140 Total $ 74,919 $ 1,274 $ (284) $ 75,909 dollars in thousands): September 30, 2015 (Less than 12 months) (12 months or longer) Total Description of securities Number of Fair Unrealized Number of Fair Unrealized Number of Fair Unrealized U.S. Government and agency obligations 2 $ 896 $ 1 2 $ 1,970 $ 26 4 $ 2,866 $ 27 Corporate bonds 2 552 3 3 1,405 5 5 1,957 8 State and municipal obligations 6 2,398 64 3 1,308 29 9 3,706 93 Collateralized mortgage obligations 16 10,349 43 4 3,288 37 20 13,637 80 Mortgage-backed securities and other 3 2,570 14 — — — 3 2,570 14 Total temporarily impaired securities 29 $ 16,765 $ 125 12 $ 7,971 $ 97 41 $ 24,736 $ 222 December 31, 2014 (Less than 12 months) (12 months or longer) Total Description of securities Number of Fair Unrealized Number of Fair Unrealized Number of Fair Unrealized U.S. Government and agency obligations 3 $ 2,488 $ 9 4 $ 4,446 $ 79 7 $ 6,934 $ 88 Corporate bonds 1 503 1 4 1,664 21 5 2,167 21 State and municipal obligations 8 2,699 18 4 1,915 51 12 4,614 69 Collateralized mortgage obligations 9 5,649 21 4 3,649 85 13 9,298 106 Mortgage-backed securities and other — — — — — — — — — Total temporarily impaired securities 21 $ 11,339 $ 49 16 $ 11,674 $ 236 37 $ 23,013 $ 284 The unrealized losses on the Company’s investments in U.S. Government and agency obligations, state and political subdivision obligations, corporate bonds and mortgage-backed securities were caused primarily by changes in interest rates. The contractual terms of those investments do not permit the issuer to settle the securities at a price less than the amortized cost bases of the investments. Because the Company does not intend to sell the investments and it is not more likely than not the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company does not consider those investments to be OTTI at September 30, 2015 or December 31, 2014. Substantially all mortgage-backed securities are backed by pools of mortgages that are insured or guaranteed by the Federal National Mortgage Association (“FNMA”), the Government National Mortgage Association (“GNMA”) or the Federal Home Loan Mortgage Corporation (“FHLMC”). There were no sales of securities in the nine months ended September 30, 2015. Gross gains on the sale of securities were $ 241,000 242,000 141,000 At September 30, 2015, there were no holdings of securities of any one issuer, other than the U.S. government and its agencies, in an amount greater than 10 The amortized cost and estimated fair value of all debt securities at September 30, 2015, by contractual maturity, are shown below (in thousands). Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Amortized Cost Fair Value Due in one year or less $ 2,106 $ 2,112 Due after one to five years 19,678 19,862 Due after five to ten years 20,990 21,256 Due after ten years 22,331 22,265 Mortgage-backed and related securities 15,991 16,524 Total $ 81,096 $ 82,019 Securities with a fair value of $ 72.4

Loans

Loans	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 3 – Loans September 30, December 31, 2015 2014 Consumer and credit card $ 40,689 $ 37,507 Commercial and industrial 99,498 106,222 Commercial real estate 103,891 111,851 Residential real estate and home equity 135,934 129,650 380,012 385,230 Net deferred loan costs 278 214 Loans $ 380,290 $ 385,444

Credit Quality

Credit Quality	9 Months Ended
	Sep. 30, 2015
Credit Quality [Abstract]
Credit Quality Disclosure [Text Block]	Note 4 – Credit Quality Allowance for Loan Losses The Company’s methodology for estimating probable future losses on loans utilizes a combination of probability of loss by loan grade and loss given defaults for its portfolios. The probability of default is based on both market data from a third-party independent source and actual historical default rates within the Company’s portfolio. A loan is impaired when full payment of interest and principal under the original contractual loan terms is not expected. Commercial and industrial loans, commercial real estate, including construction and land development, and multi-family real estate loans are individually evaluated for impairment. If a loan is impaired, the loan amount exceeding fair value, based on the most current information available is reserved. Management has developed a process by which commercial and commercial real estate loan relationships with balances of $ 250,000 Further, the process for estimating probable loan losses is divided into reviewing impaired loans on an individual basis for probable losses and, as noted above, calculating probable future losses based on historical and market data for homogenous loan portfolios. As the Company’s troubled loan portfolios have been reduced through paydowns, payoffs, credit improvement and charge-offs, the remaining loan portfolios possess better overall credit characteristics, and based on the Company’s methodology require lower rates of reserving than historical levels. Three months ended September 30, 2015 Consumer Residential and Commercial Real Estate Credit and Commercial and Home Card Industrial Real Estate Equity Unallocated Total Beginning balance $ 172 $ 1,035 $ 2,195 $ 315 $ 447 $ 4,164 Charge-offs (63) — — — (63) Recoveries 50 157 18 30 255 Net (charge-offs) recoveries (13) 157 18 30 192 Provision — (63) (217) 156 (26) (150) Ending balance $ 159 $ 1,129 $ 1,996 $ 501 $ 421 $ 4,206 Three months ended September 30, 2014 Consumer Residential and Commercial Real Estate Credit and Commercial and Home Card Industrial Real Estate Equity Unallocated Total Beginning balance $ 161 $ 1,418 $ 2,511 $ 220 $ 258 $ 4,568 Charge-offs (43) (197) (173) (32) (445) Recoveries 31 4 11 7 53 Net charge-offs (12) (193) (162) (25) (392) Provision 28 1 (166) 88 49 — Ending balance $ 177 $ 1,226 $ 2,183 $ 283 $ 307 $ 4,176 Nine months ended September 30, 2015 Consumer Residential and Commercial Real Estate Credit and Commercial and Home Card Industrial Real Estate Equity Unallocated Total Beginning balance $ 190 $ 1,132 $ 2,376 $ 268 $ 270 $ 4,236 Charge-offs (122) (311) (64) (73) (570) Recoveries 109 297 37 97 540 Net (charge-offs) recoveries (13) (14) (27) 24 (30) Provision (18) 11 (353) 209 151 — Ending balance $ 159 $ 1,129 $ 1,996 $ 501 $ 421 $ 4,206 Nine months ended September 30, 2014 Consumer Residential and Commercial Real Estate Credit and Commercial and Home Card Industrial Real Estate Equity Unallocated Total Beginning balance $ 301 $ 3,231 $ 2,973 $ 219 $ — $ 6,724 Charge-offs (111) (1,390) (1,041) (161) (2,703) Recoveries 90 14 125 23 252 Net charge-offs (21) (1,376) (916) (138) (2,451) Provision (103) (629) 223 202 307 — Transferred to loans held for sale — — (97) — — (97) Ending balance $ 177 $ 1,226 $ 2,183 $ 283 $ 307 $ 4,176 Impaired Loans A loan is considered impaired when based on current information and events it is probable the Bank will be unable to collect all amounts due from the borrower in accordance with the contractual terms of the loan. Impaired loans include non-performing commercial loans but also include loans modified in troubled debt restructurings where concessions have been granted to borrowers experiencing financial difficulties. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. At September 30, 2015 Period ended September 30, 2015 Three Three Nine months months months Nine months Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: Consumer and credit card $ 467 $ 467 $ 469 $ 7 $ 469 $ 19 Commercial and industrial 907 907 914 5 1,106 21 Commercial real estate 129 129 451 2 468 2 Residential real estate and home equity 679 679 733 — 552 8 2,182 2,182 2,567 14 2,595 50 With an allowance recorded: Commercial and industrial $ 965 $ 1,043 $ 144 $ 1,134 $ 13 $ 1,016 $ 43 Commercial real estate 4,608 4,608 435 6,706 53 7,727 163 5,573 5,651 579 7,840 66 8,743 206 Total: Consumer and credit card $ 467 $ 467 $ — $ 469 $ 7 $ 469 $ 19 Commercial and industrial 1,872 1,950 144 2,048 18 2,122 64 Commercial real estate 4,737 4,737 435 7,157 55 8,195 165 Residential real estate and home equity 679 679 — 733 — 552 8 Total $ 7,755 $ 7,833 $ 579 $ 10,407 $ 80 $ 11,338 $ 256 At December 31, 2014 Period ended September 30, 2014 Three Three Nine months months months Nine months Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: Consumer and credit card $ 455 $ 455 $ 462 $ 4 $ 474 $ 21 Commercial and industrial 1,288 1,288 1,306 24 1,624 35 Commercial real estate 1,088 1,088 6,372 57 8,373 92 2,831 2,831 8,140 85 10,471 148 With an allowance recorded: Commercial and industrial 740 817 256 1,016 23 2,096 33 Commercial real estate 8,602 8,602 1,042 5,369 285 5,127 452 9,342 9,419 1,298 6,385 308 7,223 485 Total: Consumer and credit card $ 455 $ 455 $ — $ 462 $ 4 $ 474 $ 21 Commercial and industrial 2,028 2,105 256 2,322 47 3,720 68 Commercial real estate 9,690 9,690 1,042 11,741 342 13,500 544 Total $ 12,173 $ 12,250 $ 1,298 $ 14,525 $ 393 $ 17,694 $ 633 Residential Consumer Commercial Real Estate and Credit and Commercial and Home card Industrial Real Estate Equity Total September 30, 2015 Individually evaluated for impairment $ — $ 144 $ 435 $ — $ 579 Collectively evaluated for impairment 159 985 1,561 501 3,206 Allocated $ 159 $ 1,129 $ 1,996 $ 501 3,785 Unallocated 421 $ 4,206 December 31, 2014 Individually evaluated for impairment $ — $ 256 $ 1,042 $ — $ 1,298 Collectively evaluated for impairment 190 876 1,334 268 2,668 Allocated $ 190 $ 1,132 $ 2,376 $ 268 3,966 Unallocated 270 $ 4,236 Consumer Commercial Commercial Residential Total September 30, 2015 Individually evaluated for impairment $ 467 $ 1,872 $ 4,737 $ 679 $ 7,755 Collectively evaluated for impairment 40,222 97,626 99,154 135,255 372,257 Ending balance $ 40,689 $ 99,498 $ 103,891 $ 135,934 $ 380,012 Consumer Commercial Commercial Residential Total December 31, 2014 Individually evaluated for impairment $ 455 $ 2,028 $ 9,690 $ - $ 12,173 Collectively evaluated for impairment 37,052 109,823 96,532 129,650 373,057 Ending balance $ 37,507 $ 111,851 $ 106,222 $ 129,650 $ 385,230 September 30, December 31, 2015 2014 Consumer and credit card $ 56 $ 120 Commercial and industrial 573 632 Commercial real estate 30 298 Residential real estate and home equity 679 334 Total $ 1,338 $ 1,384 Credit Quality Indicators The Company uses the following definitions for criticized and classified commercial loans and commercial real estate loans which are consistent with regulatory guidelines: Special Mention Loans which possess some credit deficiency or potential weakness which deserves close attention, but which do not yet warrant substandard classification. Such loans pose unwarranted financial risk that, if not corrected, could weaken the loan and increase risk in the future. The key distinctions of a Special Mention classification are that (1) it is indicative of an unwarranted level of risk, and (2) weaknesses are considered “potential,” versus “well-defined,” impairments to the primary source of loan repayment. Substandard Loans that are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful Loans that have all the weaknesses inherent in a Substandard loan with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Specific pending factors may strengthen the credit, therefore deferring a Loss classification. Loss Loans are considered uncollectible and of such little value that continuing to carry them as assets on the institution’s financial statements is not feasible. Loans will be classified Loss when it is neither practical nor desirable to defer writing off or reserving all or a portion of a basically worthless asset, even though partial recovery may be possible at some time in the future. September 30, 2015 December 31, 2014 Commercial Commercial Commercial Commercial Pass $ 95,101 $ 94,137 $ 100,961 $ 96,217 Special mention 933 4,668 823 6,146 Substandard 3,464 5,086 4,438 9,488 Total $ 99,498 $ 103,891 $ 106,222 $ 111,851 For residential real estate and consumer loan classes, the Company evaluates credit quality primarily based upon the aging status of the loan and by payment activity. September 30, 2015 December 31, 2014 Consumer Residential Consumer and Residential Performing $ 40,633 $ 135,255 $ 37,387 $ 128,836 Non-performing 56 679 120 814 Total $ 40,689 $ 135,934 $ 37,507 $ 129,650 Age Analysis of Past Due Loans September 30, 2015 60-89 Recorded Days 90 Days or Investment > 30-59 Days Past more Past Total 90 days and Past Due Due Due Past Due Current Total Loans Accruing Consumer and credit card $ 34 $ 30 $ 56 $ 120 $ 40,569 $ 40,689 $ — Commercial and industrial — — — — 99,498 99,498 — Commercial real estate — — — — 103,891 103,891 — Residential real estate and home equity 29 496 — 525 135,409 135,934 — Total $ 63 $ 526 $ 56 $ 645 $ 379,367 $ 380,012 $ — December 31, 2014 Greater Recorded than 90 Investment > 30-59 Days 60-89 Days Days Past Total Total 90 days and Past Due Past Due Due Past Due Current Loans Accruing Consumer and credit card $ 66 $ 7 $ 120 $ 193 $ 37,314 $ 37,507 $ — Commercial and industrial 68 — — 68 106,154 106,222 — Commercial real estate 49 — 306 355 111,496 111,851 — Residential real estate and home equity 220 30 642 892 128,758 129,650 480 Total $ 403 $ 37 $ 1,068 $ 1,508 $ 383,722 $ 385,230 $ 480 The following table summarizes troubled debt restructurings that occurred during the periods indicated (dollars in thousands): For the three months ended September 30, 2015 2014 Number of Recorded Investment Number of Recorded Investment Contracts (as of period end) Contracts (as of period end) Consumer and credit card 1 $ 188 — $ — Commercial and industrial — — 2 547 Total 1 $ 188 2 $ 547 For the nine months ended September 30, 2015 2014 Number of Recorded Investment Number of Recorded Investment Contracts (as of period end) Contracts (as of period end) Consumer and credit card 7 $ 279 — $ — Commercial and industrial — — 2 547 Total 7 $ 279 2 $ 547 The following presents by class loans modified in a TDR that subsequently defaulted within twelve months of the modification (i.e. 60 days or more past due) during the periods indicated (dollars in thousands): For the three months ended September 30, 2015 2014 Number of Recorded Investment Number of Recorded Investment Contracts (as of period end) (1) Contracts (as of period end) (1) Commercial real estate — $ — 1 $ 315 Total — $ — 1 $ 315 For the nine months ended September 30, 2015 2014 Number of Recorded Investment Number of Recorded Investment Contracts (as of period end) (1) Contracts (as of period end) (1) Commercial real estate — $ — 1 $ 315 Total — $ — 1 $ 315 (1) Period end balances are inclusive of all partial pay downs and charge-offs since the modification date. Loans modified in a TDR that were fully paid down, charged off, or foreclosed upon by period end are not reported. A modification of a loan constitutes a TDR when a borrower is experiencing financial difficulty and the modification constitutes a concession. The Company offers various types of concessions when modifying a loan; however, forgiveness of principal is rarely granted. Depending on the financial condition of the borrower, the purpose of the loan and the type of collateral supporting the loan structure; modifications can be either short-term (12 months of less) or long term (greater than one year). Commercial loans modified in a TDR often involve temporary interest-only payments, term extensions, and converting revolving credit lines to term loans. Additional collateral, a co-borrower, or a guarantor may be requested. Commercial mortgage and construction loans modified in a TDR often involve reducing the interest rate for the remaining term of the loan, extending the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or substituting or adding a new borrower or guarantor. Construction loans modified in a TDR may also involve extending the interest-only payment period. Land loans are also included in the class of commercial real estate loans. Land loans are typically structured as interest-only monthly payments with a balloon payment due at maturity. Land loans modified in a TDR typically involve extending the balloon payment by one to three years, changing the monthly payments from interest-only to principal and interest, while leaving the interest rate unchanged. Loans modified in a TDR are typically already on non-accrual status and partial charge-offs have in some cases already been taken against the outstanding loan balance. As a result, loans modified in a TDR for the Company may have the financial effect of increasing the specific allowance associated with the loan. The allowance for impaired loans that have been modified in a TDR is measured based on the estimated fair value of the collateral, less any selling costs, if the loan is collateral dependent or on the present value of expected future cash flows discounted at the loan’s effective interest rate. Management exercises significant judgment in developing these estimates. As mentioned above, an individual loan is placed on a non-accruing status if, in the judgment of management, it is unlikely that all principal and interest will be received according to the terms of the note. Loans on non-accrual may be eligible to be returned to an accruing status after six months of compliance with the modified terms. However, there are number of factors that could prevent a loan from returning to accruing status, even after remaining in compliance with loan terms for the aforementioned six month period. For example: deteriorating collateral, negative cash flow changes and inability to reduce debt to income ratios.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 5 – Fair Value Measurements The Company accounts for fair value measurements in accordance with FASB ASC 820, which defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. FASB ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities The carrying value of certain financial assets and liabilities is impacted by the application of fair value measurements, either directly or indirectly. In certain cases, an asset or liability is measured and reported at fair value on a recurring basis, such as available-for-sale investment securities. In other cases, management must rely on estimates or judgments to determine if an asset or liability not measured at fair value warrants an impairment write-down or whether a valuation reserve should be established. Given the inherent volatility, the use of fair value measurements may have a significant impact on the carrying value of assets or liabilities, or result in material changes to the financial statements, from period to period. Fair value is defined as the price that would be received to sell an asset or transfer a liability between market participants at the balance sheet date. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not traded in active markets, the Company looks to observable market data for similar assets and liabilities. However, certain assets and liabilities are not traded in observable markets and the Company must use other valuation methods to develop a fair value. The following methods, assumptions, and valuation techniques were used by the Company to measure different financial assets and liabilities at fair value and in estimating its fair value disclosures for financial instruments. Cash and Cash Equivalents : The carrying amounts reported in the consolidated statements of financial condition for cash and cash equivalents is deemed to approximate fair value and are classified as Level 1 of the fair value hierarchy. Available for Sale Investment Securities : Fair values for investment securities are determined by quoted market prices if available (Level 1). For securities where quoted prices are not available, fair values are estimated based on market prices of similar securities. For securities where quoted prices or market prices of similar securities are not available, fair values are estimated using matrix pricing, which is a mathematical technique widely used in the industry to value investment securities without relying exclusively on quoted prices for the specific investment securities but rather relying on the investment securities’ relationship to other benchmark quoted investment securities (Level 2). Any investment securities not valued based upon the methods above is considered Level 3. The Company utilizes information provided by a third-party investment securities portfolio manager in analyzing the investment securities portfolio in accordance with the fair value hierarchy of the Fair Value Topic. The portfolio manager’s evaluation of investment security portfolio pricing is performed using a combination of prices and data from other sources, along with internally developed matrix pricing models. The third-party’s month-end pricing process includes a series of quality assurance activities where prices are compared to recent market conditions, previous evaluation prices, and between the various pricing services. These processes produce a series of quality assurance reports on which price exceptions are identified, reviewed and where appropriate, securities are re-priced. In the event of a materially different price, the third party will report the variance and review the pricing methodology in detail. The results of the quality assurance process are incorporated into the selection of pricing providers by the third party. Loans: For fixed rate loans and for variable rate loans with infrequent re-pricing or re-pricing limits, fair value is based on discounted cash flows using current market rates applied to the estimated life. Fair values for impaired loans are estimated using discounted cash flow analysis or underlying collateral values. For loans held on balance sheet, the discounted fair value is further reduced by the amount of reserves held against the loan portfolios. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price and due to the significant judgment involved in evaluating credit quality, loans are classified within Level 3 classification. Federal Home Loan Bank Stock : The carrying amount presented in the consolidated statements of financial condition is deemed to approximate fair value, and is classified as a Level 2 instrument. Accrued Interest Receivable and Payable: The fair value for accrued interest approximates its carrying amounts due to the short duration before collection. The valuation is a Level 3 classification which is consistent with its underlying asset or liability. Deposits : The fair values of deposits with no stated maturity, such as money market demand deposits, savings and NOW accounts have been analyzed by management and assigned estimated maturities and cash flows which are then discounted to derive a value. The fair value of fixed-rate certificates of deposit is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. The Company classifies the estimated fair value of deposit liabilities as Level 2 in the fair value hierarchy. Advances from the Federal Home Loan Bank : The fair value of these advances is estimated using the rates currently offered for similar advances of similar remaining maturities (Level 2). Commitments to Extend Credit : For fixed-rate and adjustable-rate loan commitments, the fair value estimate considers the difference between current levels of interest rates and committed rates. At September 30, 2015 and December 31, 2014, the fair value of loan commitments was not material. September 30, 2015 Carrying Fair amount Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 35,031 $ 35,031 $ 35,031 $ — $ — Securities available-for-sale 82,019 82,019 — 82,019 — Loans (net of allowance) 376,084 374,538 — — 374,538 FHLB stock 3,250 3,250 — 3,250 — Accrued interest receivable 1,431 1,431 — — 1,431 Financial liabilities Non-interest-bearing deposits $ 123,870 $ 123,870 $ — $ 123,870 $ — Interest-bearing deposits 351,037 351,152 — 351,152 — Borrowings 4,711 4,711 — 4,711 — Accrued interest payable 74 74 — — 74 December 31, 2014 Carrying Fair amount Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 21,274 $ 21,274 $ 21,274 $ — $ — Securities available-for-sale 75,909 75,909 — 75,909 — Loans (net of allowance) 381,208 381,224 — — 381,224 FHLB stock 3,250 3,250 — 3,250 — Accrued interest receivable 1,234 1,234 — — 1,234 Financial liabilities Non-interest-bearing deposits $ 111,022 $ 111,022 $ — $ 111,022 $ — Interest-bearing deposits 342,170 342,318 — 342,318 — Borrowings 11,808 11,808 — 11,808 — Accrued interest payable 36 36 — — 36 September 30, 2015 Fair Value Measurements Using Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) U.S. Government and agency obligations $ 16,469 $ — $ 16,469 $ — Corporate bonds 4,246 — 4,246 — State and municipal obligations 22,481 — 22,481 — Collateralized mortgage obligations 22,299 — 22,299 — Mortgage-backed securities 16,524 — 16,524 — Total $ 82,019 $ — $ 82,019 $ — December 31, 2014 Fair Value Measurements Using Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) U.S. Government and agency obligations $ 11,545 $ — $ 11,545 $ — Corporate bonds 4,987 — 4,987 — State and municipal obligations 21,657 — 21,657 — Collateralized mortgage obligations 19,580 — 19,580 — Mortgage-backed securities 18,140 — 18,140 — Total $ 75,909 $ — $ 75,909 $ — The following is a description of the valuation methodologies used for instruments measured at fair value on a non-recurring basis and recognized in the accompanying balance sheets, as well as the general classification of such instruments pursuant to the valuation hierarchy. Impaired loans At September 30, 2015 and December 31, 2014, impaired loans consisted primarily of loans secured by commercial real estate. Management has determined fair value measurements on impaired loans primarily through evaluations of appraisals performed. Real Estate Owned Real estate acquired through, or in lieu of, loan foreclosure is held for sale and initially recorded at fair value (based on current appraised value) at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less estimated costs to sell. Management has determined fair value measurements on real estate owned primarily through evaluations of appraisals performed. September 30, 2015 Fair Value Measurements Using Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2 ) (Level 3) Impaired loans $ 7,755 $ — $ — $ 7,755 Real estate owned 785 — — 785 December 31, 2014 Fair Value Measurements Using Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2 ) (Level 3) Impaired loans $ 12,173 $ — $ — $ 12,173 Real estate owned 1,111 — — 1,111

Sale of Branch and Assets Held

Sale of Branch and Assets Held for Sale	9 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Note 6 – Sale of Branch and Assets Held for Sale In March 2014, the Bank closed the previously announced sale of its Marysville branch (the “Branch”) to Merchants National Bank, a national bank headquartered in Hillsboro, Ohio (“Merchants”). Merchants acquired certain assets and assumed certain liabilities of the Branch, including the assumption of $ 19.4 4.8 Deposits assumed $ 19,403 Loans sold (at book value) (4,750) Property and Equipment (agreed upon value) (1,500) Cash on hand (261) Premium on deposits (438) Other, net 10 Cash paid to Merchants $ 12,464 At September 30, 2015, the Company classified the $ 4.8 held-for-sale, reflecting the Company’s desire to sell and simultaneously lease back the property.

Federal Income Taxes

Federal Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Three months ended Nine months ended September 30, September 30, 2015 2014 2015 2014 Deferred $ 96 $ (92) $ 96 $ 229 Valuation allowance (10,784) 92 (10,784) (229) Total $ (10,688) $ — $ (10,688) $ — Three months ended Nine months ended September 30, September 30, 2015 2014 2015 2014 Federal income taxes compared at the expected statutory rate $ 136 $ 17 $ 266 $ 70 Increase (decrease) in taxes resulting from: Nontaxable dividend and interest income (29) (20) (70) (63) Increase in cash surrender value of life insurance - net (56) (56) (194) (193) Valuation allowance (10,784) 92 (10,784) (229) Other 45 (33) 94 415 Income tax benefit per financial statements $ (10,688) $ — $ (10,688) $ — September 30, 2015 December 31, 2014 Deferred tax assets: Allowance for loan losses $ 1,450 $ 1,440 Depreciation - 103 Deferred compensation 292 316 Alternative minimum tax carry forward 153 145 Expenses on foreclosed property 11 10 NOL carry forward 9,081 8,910 Other 57 284 Subtotal 11,044 11,208 Deferred tax liabilities: FHLB stock dividends (307) (389) Unrealized gains on available-for-sale securities (314) (337) Other (40) (35) Subtotal (661) (761) Net deferred tax asset 10,383 10,447 Less: valuation allowance — (10,784) Total $ 10,383 $ (337) At December 31 2014, the Company had a $ 26.4 2030

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Earnings Per Share, Policy [Policy Text Block]	Earnings per share Earnings per common share is net income divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share is computed including the dilutive effect of additional potential common shares under stock options. Three months ended Nine months ended September 30, September 30, 2015 2014 2015 2014 Weighted-average common shares outstanding (basic) 7,282,365 7,192,350 7,269,222 7,192,350 Dilutive effect of assumed exercise of stock options 19,809 56,844 19,015 50,081 Weighted-average common shares outstanding (diluted) 7,302,174 7,249,194 7,288,237 7,242,431 There were 61,339 124,622 At September 30, 2015 and 2014, 14,985 45,727
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation Compensation cost is recognized for restricted stock awards issued to employees and directors based on the fair value of these awards at the date of grant. The market price of the Company’s common shares at the date of grant is used to determine the fair value for restricted stock awards. Compensation cost is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Awards for 2,145 55,785 9,290 87,940 41,445 The Company’s outstanding stock options may be settled for cash at the recipient’s discretion; therefore, liability accounting applies to the Company’s 2004 Long-Term Stock Incentive Plan under which such stock options were granted. Compensation expense is recognized based on the fair value of these awards at the reporting date. A Black Scholes model is utilized to estimate the fair value of stock options at the date of grant and subsequent re-measurement dates. Compensation cost is recognized over the required service period, generally defined as the vesting period. The Company’s stock option awards contain terms that provide for a graded vesting schedule whereby portions of the award vest in increments over the requisite service period. Changes in fair value of the options between the vesting date and option expiration date are also recognized in the Consolidated Statement of Income.
Application Of Critical Accounting Policies [Policy Text Block]	Significant Accounting Estimates The Company’s consolidated financial statements are prepared in accordance with U.S. GAAP and follow general practices within the financial services industry. The application of these principles requires management to make estimates, assumptions, and judgments that affect the amounts reported in the financial statements and accompanying notes. These estimates, assumptions, and judgments are based on information available as of the date of the financial statements; as this information changes, the financial statements could reflect different estimates, assumptions, and judgments. The procedures for assessing the adequacy of the allowance for loan losses reflect the Company’s evaluation of credit risk after careful consideration of all information available to the Company. In developing this assessment, the Company must rely on estimates and exercise judgment regarding matters where the ultimate outcome is unknown, such as economic factors, developments affecting companies in specific industries and issues with respect to single borrowers. Depending on changes in circumstances, future assessments of credit risk may yield materially different results, which may require an increase or a decrease in the allowance for loan losses. The valuation of other assets requires that management utilize a variety of estimates and analysis to determine whether an asset is impaired or other-than-temporarily impaired (“OTTI”). After determining the appropriate methodology for fair value measurement, management then evaluates whether or not declines in fair value below book value are temporary or other-than-temporary impairments. When the Company does not intend to sell a debt security, and it is more likely than not that the Company will not have to sell the security before recovery of its cost basis, it recognizes the credit component of an other-than-temporary impairment of a debt security in earnings and the remaining portion in other comprehensive income.
Loans and Leases Receivable, Real Estate Acquired Through Foreclosure, Policy [Policy Text Block]	Loans (including Loans Held for Sale) Loans are classified as held for investment when management has both the intent and ability to hold the loan for the foreseeable future, or until maturity or payoff. Management’s intent and view of the foreseeable future may change based on changes in business strategies, the economic environment, market conditions and the availability of government programs. Loans that are held for investment are reported at the principal balance outstanding, net of unearned interest, unamortized deferred loan fees and costs and the allowance for loan losses. Loans held for sale are carried at the lower of amortized cost or estimated fair value, determined on an aggregate basis for each type of loan. Net unrealized losses are recognized by charges to income. Interest income is accrued based on the unpaid principal balance and includes amortization of net deferred loan fees and costs over the loan term. Interest income on mortgage and commercial loans is discontinued at the time the loan is 90 When loans are transferred from held for investment to held for sale, specific reserves and allocated pooled reserves included in the allowance for loan and losses are reclassified to reduce the basis of the loans to the lower of cost or estimated fair value less cost to sell.
Finance, Loans and Leases Receivable, Policy [Policy Text Block]	Allowance for Loan Losses The allowance for loan losses is a valuation allowance for probable but unconfirmed credit losses, increased by the provision for loan losses and decreased by charge-offs net of recoveries. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. Management estimates the required allowance balance based on past loan loss experience, augmented by additional estimates related to the nature and volume of the portfolio, information about specific borrower situations, estimated collateral values, economic conditions and other factors. The allowance consists of both specific and general components. The specific component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the collateral value or value of expected discounted cash flows of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical charge-off experience and expected loss given default derived from the Bank’s internal risk rating process. Management utilizes an average of a three year historical loss period. Management has the ability to adjust these loss rates by utilizing risk ratings based on current period trends. If current period trends differ either positively or negatively from the given weighted historical loss rates, adjustments can be made. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risking rating data. Management also utilizes its assessment of general economic conditions, and other localized economic data to more fully support its loan loss estimates. General economic data may include: inflation rates, savings rates and national unemployment rates. Local data may include: unemployment rates, housing starts, real estate valuations, and other economic data specific to the Company’s market area. Though not specific to individual loans, these economic trends can have an impact on portfolio performance as a whole. Uncollectibility is usually determined based on a pre-determined number of days delinquent in the case of consumer loans, or, in the case of commercial loans, is based on a combination of factors including delinquency, collateral and other legal considerations. Consumer loans are charged-off prior to 120 180 Troubled debt restructuring of loans is undertaken to improve the likelihood that the loan will be repaid in full under the modified terms in accordance with a reasonable repayment schedule. All modified loans are evaluated to determine whether the loans should be reported as a Troubled Debt Restructuring (“TDR”). A loan is a TDR when the Company, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower by modifying or renewing a loan that the Company would not otherwise consider. To make this determination, the Company must determine whether (a) the borrower is experiencing financial difficulties and (b) the Company granted the borrower a concession. This determination requires consideration of all of the facts and circumstances surrounding the modification. An overall general decline in the economy or some deterioration in a borrower’s financial condition does not automatically mean the borrower is experiencing financial difficulties.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for income taxes in accordance with income tax accounting guidance (ASC 740, Income Taxes). The income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax basis of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred tax assets are reduced by a valuation allowance, if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances and information available at the reporting date and is subject to management’s judgment. The Company recognizes interest and penalties on income taxes, if applicable, as a component of income tax expense. The Company files consolidated income tax returns with its subsidiaries.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Weighted-average shares for basic and diluted earnings per share [Table Text Block]	Weighted-average shares for basic and diluted earnings per share are presented below. Three months ended Nine months ended September 30, September 30, 2015 2014 2015 2014 Weighted-average common shares outstanding (basic) 7,282,365 7,192,350 7,269,222 7,192,350 Dilutive effect of assumed exercise of stock options 19,809 56,844 19,015 50,081 Weighted-average common shares outstanding (diluted) 7,302,174 7,249,194 7,288,237 7,242,431

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	The amortized cost and estimated fair values of securities available-for-sale were as follows at the dates indicated (in thousands): September 30, 2015 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value U.S. Government and agency obligations $ 16,432 $ 64 $ (27) $ 16,469 Corporate bonds 4,220 34 (8) 4,246 States and municipal obligations 22,137 437 (93) 22,481 Collateralized mortgage obligations 22,316 63 (80) 22,299 Mortgage-backed securities 15,991 547 (14) 16,524 Total $ 81,096 $ 1,145 $ (222) $ 82,019 December 31, 2014 Amortized Gross Gross Fair Value U.S. Government and agency obligations $ 11,602 $ 31 $ (88) $ 11,545 Corporate bonds 4,975 33 (21) 4,987 States and municipal obligations 21,303 423 (69) 21,657 Collateralized mortgage obligations 19,601 85 (106) 19,580 Mortgage-backed securities 17,438 702 — 18,140 Total $ 74,919 $ 1,274 $ (284) $ 75,909
Schedule of Temporary Impairment Losses, Investments [Table Text Block]	Securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at the dates indicated are as follows ( dollars in thousands): September 30, 2015 (Less than 12 months) (12 months or longer) Total Description of securities Number of Fair Unrealized Number of Fair Unrealized Number of Fair Unrealized U.S. Government and agency obligations 2 $ 896 $ 1 2 $ 1,970 $ 26 4 $ 2,866 $ 27 Corporate bonds 2 552 3 3 1,405 5 5 1,957 8 State and municipal obligations 6 2,398 64 3 1,308 29 9 3,706 93 Collateralized mortgage obligations 16 10,349 43 4 3,288 37 20 13,637 80 Mortgage-backed securities and other 3 2,570 14 — — — 3 2,570 14 Total temporarily impaired securities 29 $ 16,765 $ 125 12 $ 7,971 $ 97 41 $ 24,736 $ 222 December 31, 2014 (Less than 12 months) (12 months or longer) Total Description of securities Number of Fair Unrealized Number of Fair Unrealized Number of Fair Unrealized U.S. Government and agency obligations 3 $ 2,488 $ 9 4 $ 4,446 $ 79 7 $ 6,934 $ 88 Corporate bonds 1 503 1 4 1,664 21 5 2,167 21 State and municipal obligations 8 2,699 18 4 1,915 51 12 4,614 69 Collateralized mortgage obligations 9 5,649 21 4 3,649 85 13 9,298 106 Mortgage-backed securities and other — — — — — — — — — Total temporarily impaired securities 21 $ 11,339 $ 49 16 $ 11,674 $ 236 37 $ 23,013 $ 284
Investments Classified by Contractual Maturity Date [Table Text Block]	Mortgage-backed securities are shown separately since they are not due at a single maturity date. Amortized Cost Fair Value Due in one year or less $ 2,106 $ 2,112 Due after one to five years 19,678 19,862 Due after five to ten years 20,990 21,256 Due after ten years 22,331 22,265 Mortgage-backed and related securities 15,991 16,524 Total $ 81,096 $ 82,019

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Loans were comprised of the following at the dates indicated (in thousands): September 30, December 31, 2015 2014 Consumer and credit card $ 40,689 $ 37,507 Commercial and industrial 99,498 106,222 Commercial real estate 103,891 111,851 Residential real estate and home equity 135,934 129,650 380,012 385,230 Net deferred loan costs 278 214 Loans $ 380,290 $ 385,444

Credit Quality (Tables)

Credit Quality (Tables)	9 Months Ended
	Sep. 30, 2015
Credit Quality [Abstract]
Allowance for Credit Losses on Financing Receivables [Table Text Block]	The tables below summarize activity in the allowance for loan losses for the periods indicated (in thousands). Three months ended September 30, 2015 Consumer Residential and Commercial Real Estate Credit and Commercial and Home Card Industrial Real Estate Equity Unallocated Total Beginning balance $ 172 $ 1,035 $ 2,195 $ 315 $ 447 $ 4,164 Charge-offs (63) — — — (63) Recoveries 50 157 18 30 255 Net (charge-offs) recoveries (13) 157 18 30 192 Provision — (63) (217) 156 (26) (150) Ending balance $ 159 $ 1,129 $ 1,996 $ 501 $ 421 $ 4,206 Three months ended September 30, 2014 Consumer Residential and Commercial Real Estate Credit and Commercial and Home Card Industrial Real Estate Equity Unallocated Total Beginning balance $ 161 $ 1,418 $ 2,511 $ 220 $ 258 $ 4,568 Charge-offs (43) (197) (173) (32) (445) Recoveries 31 4 11 7 53 Net charge-offs (12) (193) (162) (25) (392) Provision 28 1 (166) 88 49 — Ending balance $ 177 $ 1,226 $ 2,183 $ 283 $ 307 $ 4,176 Nine months ended September 30, 2015 Consumer Residential and Commercial Real Estate Credit and Commercial and Home Card Industrial Real Estate Equity Unallocated Total Beginning balance $ 190 $ 1,132 $ 2,376 $ 268 $ 270 $ 4,236 Charge-offs (122) (311) (64) (73) (570) Recoveries 109 297 37 97 540 Net (charge-offs) recoveries (13) (14) (27) 24 (30) Provision (18) 11 (353) 209 151 — Ending balance $ 159 $ 1,129 $ 1,996 $ 501 $ 421 $ 4,206 Nine months ended September 30, 2014 Consumer Residential and Commercial Real Estate Credit and Commercial and Home Card Industrial Real Estate Equity Unallocated Total Beginning balance $ 301 $ 3,231 $ 2,973 $ 219 $ — $ 6,724 Charge-offs (111) (1,390) (1,041) (161) (2,703) Recoveries 90 14 125 23 252 Net charge-offs (21) (1,376) (916) (138) (2,451) Provision (103) (629) 223 202 307 — Transferred to loans held for sale — — (97) — — (97) Ending balance $ 177 $ 1,226 $ 2,183 $ 283 $ 307 $ 4,176
Recorded investment, unpaid balance and related allowance [Table Text Block]	The following presents by class, information related to the Company’s impaired loans as of the dates indicated (in thousands). At September 30, 2015 Period ended September 30, 2015 Three Three Nine months months months Nine months Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: Consumer and credit card $ 467 $ 467 $ 469 $ 7 $ 469 $ 19 Commercial and industrial 907 907 914 5 1,106 21 Commercial real estate 129 129 451 2 468 2 Residential real estate and home equity 679 679 733 — 552 8 2,182 2,182 2,567 14 2,595 50 With an allowance recorded: Commercial and industrial $ 965 $ 1,043 $ 144 $ 1,134 $ 13 $ 1,016 $ 43 Commercial real estate 4,608 4,608 435 6,706 53 7,727 163 5,573 5,651 579 7,840 66 8,743 206 Total: Consumer and credit card $ 467 $ 467 $ — $ 469 $ 7 $ 469 $ 19 Commercial and industrial 1,872 1,950 144 2,048 18 2,122 64 Commercial real estate 4,737 4,737 435 7,157 55 8,195 165 Residential real estate and home equity 679 679 — 733 — 552 8 Total $ 7,755 $ 7,833 $ 579 $ 10,407 $ 80 $ 11,338 $ 256 At December 31, 2014 Period ended September 30, 2014 Three Three Nine months months months Nine months Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: Consumer and credit card $ 455 $ 455 $ 462 $ 4 $ 474 $ 21 Commercial and industrial 1,288 1,288 1,306 24 1,624 35 Commercial real estate 1,088 1,088 6,372 57 8,373 92 2,831 2,831 8,140 85 10,471 148 With an allowance recorded: Commercial and industrial 740 817 256 1,016 23 2,096 33 Commercial real estate 8,602 8,602 1,042 5,369 285 5,127 452 9,342 9,419 1,298 6,385 308 7,223 485 Total: Consumer and credit card $ 455 $ 455 $ — $ 462 $ 4 $ 474 $ 21 Commercial and industrial 2,028 2,105 256 2,322 47 3,720 68 Commercial real estate 9,690 9,690 1,042 11,741 342 13,500 544 Total $ 12,173 $ 12,250 $ 1,298 $ 14,525 $ 393 $ 17,694 $ 633
Allowance for Loan Losses on Financing Receivables [Table Text Block]	The allocation of the allowance for loan losses summarized on the basis of the Company’s impairment methodology was as follows at the dates indicated (in thousands): Residential Consumer Commercial Real Estate and Credit and Commercial and Home card Industrial Real Estate Equity Total September 30, 2015 Individually evaluated for impairment $ — $ 144 $ 435 $ — $ 579 Collectively evaluated for impairment 159 985 1,561 501 3,206 Allocated $ 159 $ 1,129 $ 1,996 $ 501 3,785 Unallocated 421 $ 4,206 December 31, 2014 Individually evaluated for impairment $ — $ 256 $ 1,042 $ — $ 1,298 Collectively evaluated for impairment 190 876 1,334 268 2,668 Allocated $ 190 $ 1,132 $ 2,376 $ 268 3,966 Unallocated 270 $ 4,236
Investment in Loan and Leases On Financing Receivables [Table Text Block]	The recorded investment in loans and leases summarized on the basis of the Company’s impairment methodology at the dates indicated was as follows (in thousands): Consumer Commercial Commercial Residential Total September 30, 2015 Individually evaluated for impairment $ 467 $ 1,872 $ 4,737 $ 679 $ 7,755 Collectively evaluated for impairment 40,222 97,626 99,154 135,255 372,257 Ending balance $ 40,689 $ 99,498 $ 103,891 $ 135,934 $ 380,012 Consumer Commercial Commercial Residential Total December 31, 2014 Individually evaluated for impairment $ 455 $ 2,028 $ 9,690 $ - $ 12,173 Collectively evaluated for impairment 37,052 109,823 96,532 129,650 373,057 Ending balance $ 37,507 $ 111,851 $ 106,222 $ 129,650 $ 385,230
Schedule of Financing Receivables, Non Accrual Status [Table Text Block]	Loans on non-accrual status were as follows at the dates indicated (in thousands): September 30, December 31, 2015 2014 Consumer and credit card $ 56 $ 120 Commercial and industrial 573 632 Commercial real estate 30 298 Residential real estate and home equity 679 334 Total $ 1,338 $ 1,384
Financing Receivable Credit Quality Indicators [Table Text Block]	September 30, 2015 December 31, 2014 Commercial Commercial Commercial Commercial Pass $ 95,101 $ 94,137 $ 100,961 $ 96,217 Special mention 933 4,668 823 6,146 Substandard 3,464 5,086 4,438 9,488 Total $ 99,498 $ 103,891 $ 106,222 $ 111,851
Consumer Risk [Table Text Block]	September 30, 2015 December 31, 2014 Consumer Residential Consumer and Residential Performing $ 40,633 $ 135,255 $ 37,387 $ 128,836 Non-performing 56 679 120 814 Total $ 40,689 $ 135,934 $ 37,507 $ 129,650
Past Due Financing Receivables [Table Text Block]	The following tables present past due loans aged as of the dates indicated (in thousands). September 30, 2015 60-89 Recorded Days 90 Days or Investment > 30-59 Days Past more Past Total 90 days and Past Due Due Due Past Due Current Total Loans Accruing Consumer and credit card $ 34 $ 30 $ 56 $ 120 $ 40,569 $ 40,689 $ — Commercial and industrial — — — — 99,498 99,498 — Commercial real estate — — — — 103,891 103,891 — Residential real estate and home equity 29 496 — 525 135,409 135,934 — Total $ 63 $ 526 $ 56 $ 645 $ 379,367 $ 380,012 $ — December 31, 2014 Greater Recorded than 90 Investment > 30-59 Days 60-89 Days Days Past Total Total 90 days and Past Due Past Due Due Past Due Current Loans Accruing Consumer and credit card $ 66 $ 7 $ 120 $ 193 $ 37,314 $ 37,507 $ — Commercial and industrial 68 — — 68 106,154 106,222 — Commercial real estate 49 — 306 355 111,496 111,851 — Residential real estate and home equity 220 30 642 892 128,758 129,650 480 Total $ 403 $ 37 $ 1,068 $ 1,508 $ 383,722 $ 385,230 $ 480
Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block]	Troubled Debt Restructurings The following table summarizes troubled debt restructurings that occurred during the periods indicated (dollars in thousands): For the three months ended September 30, 2015 2014 Number of Recorded Investment Number of Recorded Investment Contracts (as of period end) Contracts (as of period end) Consumer and credit card 1 $ 188 — $ — Commercial and industrial — — 2 547 Total 1 $ 188 2 $ 547 For the nine months ended September 30, 2015 2014 Number of Recorded Investment Number of Recorded Investment Contracts (as of period end) Contracts (as of period end) Consumer and credit card 7 $ 279 — $ — Commercial and industrial — — 2 547 Total 7 $ 279 2 $ 547 The following presents by class loans modified in a TDR that subsequently defaulted within twelve months of the modification (i.e. 60 days or more past due) during the periods indicated (dollars in thousands): For the three months ended September 30, 2015 2014 Number of Recorded Investment Number of Recorded Investment Contracts (as of period end) (1) Contracts (as of period end) (1) Commercial real estate — $ — 1 $ 315 Total — $ — 1 $ 315 For the nine months ended September 30, 2015 2014 Number of Recorded Investment Number of Recorded Investment Contracts (as of period end) (1) Contracts (as of period end) (1) Commercial real estate — $ — 1 $ 315 Total — $ — 1 $ 315 (1) Period end balances are inclusive of all partial pay downs and charge-offs since the modification date. Loans modified in a TDR that were fully paid down, charged off, or foreclosed upon by period end are not reported.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping [Table Text Block]	Based on the foregoing methods and assumptions, the carrying value and fair value of the Company’s financial instruments are as follows at the dates indicated (in thousands): September 30, 2015 Carrying Fair amount Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 35,031 $ 35,031 $ 35,031 $ — $ — Securities available-for-sale 82,019 82,019 — 82,019 — Loans (net of allowance) 376,084 374,538 — — 374,538 FHLB stock 3,250 3,250 — 3,250 — Accrued interest receivable 1,431 1,431 — — 1,431 Financial liabilities Non-interest-bearing deposits $ 123,870 $ 123,870 $ — $ 123,870 $ — Interest-bearing deposits 351,037 351,152 — 351,152 — Borrowings 4,711 4,711 — 4,711 — Accrued interest payable 74 74 — — 74 December 31, 2014 Carrying Fair amount Value Level 1 Level 2 Level 3 Financial assets Cash and cash equivalents $ 21,274 $ 21,274 $ 21,274 $ — $ — Securities available-for-sale 75,909 75,909 — 75,909 — Loans (net of allowance) 381,208 381,224 — — 381,224 FHLB stock 3,250 3,250 — 3,250 — Accrued interest receivable 1,234 1,234 — — 1,234 Financial liabilities Non-interest-bearing deposits $ 111,022 $ 111,022 $ — $ 111,022 $ — Interest-bearing deposits 342,170 342,318 — 342,318 — Borrowings 11,808 11,808 — 11,808 — Accrued interest payable 36 36 — — 36
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	The following table presents the fair value measurements of assets recognized in the accompanying balance sheets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at the dates indicated (in thousands): September 30, 2015 Fair Value Measurements Using Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) U.S. Government and agency obligations $ 16,469 $ — $ 16,469 $ — Corporate bonds 4,246 — 4,246 — State and municipal obligations 22,481 — 22,481 — Collateralized mortgage obligations 22,299 — 22,299 — Mortgage-backed securities 16,524 — 16,524 — Total $ 82,019 $ — $ 82,019 $ — December 31, 2014 Fair Value Measurements Using Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2) (Level 3) U.S. Government and agency obligations $ 11,545 $ — $ 11,545 $ — Corporate bonds 4,987 — 4,987 — State and municipal obligations 21,657 — 21,657 — Collateralized mortgage obligations 19,580 — 19,580 — Mortgage-backed securities 18,140 — 18,140 — Total $ 75,909 $ — $ 75,909 $ —
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	The following table presents the fair value measurements of assets measured at fair value on a non-recurring basis and the level within the fair value hierarchy in which the fair value measurements fall at the dates indicated (in thousands). September 30, 2015 Fair Value Measurements Using Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2 ) (Level 3) Impaired loans $ 7,755 $ — $ — $ 7,755 Real estate owned 785 — — 785 December 31, 2014 Fair Value Measurements Using Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Fair Value (Level 1) (Level 2 ) (Level 3) Impaired loans $ 12,173 $ — $ — $ 12,173 Real estate owned 1,111 — — 1,111

Sale of Branch and Assets Hel22

Sale of Branch and Assets Held for Sale (Tables)	9 Months Ended
	Sep. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	The amounts related to the sale are as follows (in thousands): Deposits assumed $ 19,403 Loans sold (at book value) (4,750) Property and Equipment (agreed upon value) (1,500) Cash on hand (261) Premium on deposits (438) Other, net 10 Cash paid to Merchants $ 12,464

Federal Income Taxes (Tables)

Federal Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The Company files income tax returns in the U.S. federal jurisdiction and franchise tax returns in Ohio. Income tax benefit for the dates indicated include the following components (in thousands): Three months ended Nine months ended September 30, September 30, 2015 2014 2015 2014 Deferred $ 96 $ (92) $ 96 $ 229 Valuation allowance (10,784) 92 (10,784) (229) Total $ (10,688) $ — $ (10,688) $ —
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The difference between the financial statement tax provision and amounts computed by applying the statutory federal income tax rate to income before income taxes was as follows (in thousands): Three months ended Nine months ended September 30, September 30, 2015 2014 2015 2014 Federal income taxes compared at the expected statutory rate $ 136 $ 17 $ 266 $ 70 Increase (decrease) in taxes resulting from: Nontaxable dividend and interest income (29) (20) (70) (63) Increase in cash surrender value of life insurance - net (56) (56) (194) (193) Valuation allowance (10,784) 92 (10,784) (229) Other 45 (33) 94 415 Income tax benefit per financial statements $ (10,688) $ — $ (10,688) $ —
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred tax assets and liabilities were comprised of the following at the dates indicated (in thousands): September 30, 2015 December 31, 2014 Deferred tax assets: Allowance for loan losses $ 1,450 $ 1,440 Depreciation - 103 Deferred compensation 292 316 Alternative minimum tax carry forward 153 145 Expenses on foreclosed property 11 10 NOL carry forward 9,081 8,910 Other 57 284 Subtotal 11,044 11,208 Deferred tax liabilities: FHLB stock dividends (307) (389) Unrealized gains on available-for-sale securities (314) (337) Other (40) (35) Subtotal (661) (761) Net deferred tax asset 10,383 10,447 Less: valuation allowance — (10,784) Total $ 10,383 $ (337)

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Weighted-average shares for basic and diluted earnings per share
Weighted-average common shares outstanding (basic)	7,282,365	7,192,350	7,269,222	7,192,350
Dilutive effect of assumed exercise of stock options	19,809	56,844	19,015	50,081
Weighted-average common shares outstanding (diluted)	7,302,174	7,249,194	7,288,237	7,242,431

Summary of Significant Accoun25

Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Summary of Significant Accounting Policies
Consumer Loans Charged Off Delinquency Period		120 days
Mortgage Loans Charge Off Delinquency Period		180 days
Interest Income On Mortgage And Commercial Loans Discontinuation Period		90 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	61,339	61,339	124,622
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		14,985	45,727
Restricted Stock [Member]
Summary of Significant Accounting Policies
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited		9,290
Stock Issued During Period, Shares, Restricted Stock Award, Gross	2,145	55,785
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		5 years
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 87,940	$ 87,940		$ 41,445

Securities (Details)

Securities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair values of securities available-for-sale
Amortized Cost	$ 81,096	$ 74,919
Gross Unrealized Gains	1,145	1,274
Gross Unrealized Losses	(222)	(284)
Fair Value	82,019	75,909
Collateralized mortgage obligations [Member]
Fair values of securities available-for-sale
Amortized Cost	22,316	19,601
Gross Unrealized Gains	63	85
Gross Unrealized Losses	(80)	(106)
Fair Value	22,299	19,580
U.S. Government and agency obligations [Member]
Fair values of securities available-for-sale
Amortized Cost	16,432	11,602
Gross Unrealized Gains	64	31
Gross Unrealized Losses	(27)	(88)
Fair Value	16,469	11,545
Corporate bonds [Member]
Fair values of securities available-for-sale
Amortized Cost	4,220	4,975
Gross Unrealized Gains	34	33
Gross Unrealized Losses	(8)	(21)
Fair Value	4,246	4,987
States and municipal obligations [Member]
Fair values of securities available-for-sale
Amortized Cost	22,137	21,303
Gross Unrealized Gains	437	423
Gross Unrealized Losses	(93)	(69)
Fair Value	22,481	21,657
Mortgage-backed securities [Member]
Fair values of securities available-for-sale
Amortized Cost	15,991	17,438
Gross Unrealized Gains	547	702
Gross Unrealized Losses	(14)	0
Fair Value	$ 16,524	$ 18,140

Securities (Details 1)

Securities (Details 1) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Unrealized loss
Number of investments	41	37
Fair Value	$ 24,736	$ 23,013
Unrealized Losses	$ 222	$ 284
Collateralized mortgage obligations [Member]
Unrealized loss
Number of investments	20	13
Fair Value	$ 13,637	$ 9,298
Unrealized Losses	$ 80	$ 106
Less than 12 months [Member]
Unrealized loss
Number of investments	29	21
Fair Value	$ 16,765	$ 11,339
Unrealized Losses	$ 125	$ 49
Less than 12 months [Member] | Collateralized mortgage obligations [Member]
Unrealized loss
Number of investments	16	9
Fair Value	$ 10,349	$ 5,649
Unrealized Losses	$ 43	$ 21
12 months or longer [Member]
Unrealized loss
Number of investments	12	16
Fair value	$ 7,971	$ 11,674
Unrealized Losses	$ 97	$ 236
12 months or longer [Member] | Collateralized mortgage obligations [Member]
Unrealized loss
Number of investments	4	4
Fair value	$ 3,288	$ 3,649
Unrealized Losses	$ 37	$ 85
U.S. Government and agency obligations [Member]
Unrealized loss
Number of investments	4	7
Fair Value	$ 2,866	$ 6,934
Unrealized Losses	$ 27	$ 88
U.S. Government and agency obligations [Member] | Less than 12 months [Member]
Unrealized loss
Number of investments	2	3
Fair Value	$ 896	$ 2,488
Unrealized Losses	$ 1	$ 9
U.S. Government and agency obligations [Member] | 12 months or longer [Member]
Unrealized loss
Number of investments	2	4
Fair value	$ 1,970	$ 4,446
Unrealized Losses	$ 26	$ 79
Corporate bonds [Member]
Unrealized loss
Number of investments	5	5
Fair Value	$ 1,957	$ 2,167
Unrealized Losses	$ 8	$ 21
Corporate bonds [Member] | Less than 12 months [Member]
Unrealized loss
Number of investments	2	1
Fair Value	$ 552	$ 503
Unrealized Losses	$ 3	$ 1
Corporate bonds [Member] | 12 months or longer [Member]
Unrealized loss
Number of investments	3	4
Fair value	$ 1,405	$ 1,664
Unrealized Losses	$ 5	$ 21
State and municipal obligations [Member]
Unrealized loss
Number of investments	9	12
Fair Value	$ 3,706	$ 4,614
Unrealized Losses	$ 93	$ 69
State and municipal obligations [Member] | Less than 12 months [Member]
Unrealized loss
Number of investments	6	8
Fair Value	$ 2,398	$ 2,699
Unrealized Losses	$ 64	$ 18
State and municipal obligations [Member] | 12 months or longer [Member]
Unrealized loss
Number of investments	3	4
Fair value	$ 1,308	$ 1,915
Unrealized Losses	$ 29	$ 51
Mortgage-backed securities and other [Member]
Unrealized loss
Number of investments	3	0
Fair Value	$ 2,570	$ 0
Unrealized Losses	$ 14	$ 0
Mortgage-backed securities and other [Member] | Less than 12 months [Member]
Unrealized loss
Number of investments	3	0
Fair Value	$ 2,570	$ 0
Unrealized Losses	$ 14	$ 0
Mortgage-backed securities and other [Member] | 12 months or longer [Member]
Unrealized loss
Number of investments	0	0
Fair value	$ 0	$ 0
Unrealized Losses	$ 0	$ 0

Securities (Details 2)

Securities (Details 2) $ in Thousands	Sep. 30, 2015USD ($)
Amortized cost and estimated fair value of all debt securities
Available-for-sale, Amortized Cost, Due in one year or less	$ 2,106
Available-for-sale, Amortized Cost, Due after one to five years	19,678
Available-for-sale, Amortized Cost, Due after five to ten years	20,990
Available-for-sale, Amortized Cost, Due after ten years	22,331
Available-for-sale, Amortized Cost, Mortgage-backed and related securities	15,991
Available-for-sale, Amortized Cost, Total	81,096
Available-for-sale, Fair Value, Due in one year or less	2,112
Available-for-sale, Fair Value, Due after one to five years	19,862
Available-for-sale, Fair Value, Due after five to ten years	21,256
Available-for-sale, Fair Value, Fair value, Due after ten years	22,265
Available-for-sale, Fair Value, Mortgage-backed and related securities	16,524
Available-for-sale, Fair Value, Total	$ 82,019

Securities (Details Textual)

Securities (Details Textual) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Investment From Same Issuer As Percentage Of Equity Maximum		10.00%
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value, Total		$ 72,400
Available-for-sale Securities, Gross Unrealized Gain, Total		1,145		$ 1,274
Available-for-sale Securities, Gross Unrealized Loss, Total		$ 222		$ 284
Available-for-sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Gross Unrealized Gain, Total	$ 241,000		$ 242,000
Available-for-sale Securities, Gross Unrealized Loss, Total			$ 141,000

Loans (Details)

Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Loans
Consumer and credit card	$ 40,689	$ 37,507
Commercial and industrial	99,498	106,222
Commercial real estate	103,891	111,851
Residential real estate and home equity	135,934	129,650
Subtotal	380,012	385,230
Net deferred loan costs	278	214
Loans	$ 380,290	$ 385,444

Credit Quality (Details)

Credit Quality (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Allowance allocated to:
Beginning balance	$ 4,164	$ 4,568	$ 4,236	$ 6,724
Charge-offs	(63)	(445)	(570)	(2,703)
Recoveries	255	53	540	252
Net (charge-offs) recoveries	192	(392)	(30)	(2,451)
Provision	(150)	0	0	0
Transferred to loans held for sale				(97)
Ending balance	4,206	4,176	4,206	4,176
Consumer and Credit Card [Member]
Allowance allocated to:
Beginning balance	172	161	190	301
Charge-offs	(63)	(43)	(122)	(111)
Recoveries	50	31	109	90
Net (charge-offs) recoveries	(13)	(12)	(13)	(21)
Provision	0	28	(18)	(103)
Transferred to loans held for sale				0
Ending balance	159	177	159	177
Commercial and Industrial [Member]
Allowance allocated to:
Beginning balance	1,035	1,418	1,132	3,231
Charge-offs	0	(197)	(311)	(1,390)
Recoveries	157	4	297	14
Net (charge-offs) recoveries	157	(193)	(14)	(1,376)
Provision	(63)	1	11	(629)
Transferred to loans held for sale				0
Ending balance	1,129	1,226	1,129	1,226
Commercial Real Estate [Member]
Allowance allocated to:
Beginning balance	2,195	2,511	2,376	2,973
Charge-offs	0	(173)	(64)	(1,041)
Recoveries	18	11	37	125
Net (charge-offs) recoveries	18	(162)	(27)	(916)
Provision	(217)	(166)	(353)	223
Transferred to loans held for sale				(97)
Ending balance	1,996	2,183	1,996	2,183
Residential Real Estate and Home Equity [Member]
Allowance allocated to:
Beginning balance	315	220	268	219
Charge-offs	0	(32)	(73)	(161)
Recoveries	30	7	97	23
Net (charge-offs) recoveries	30	(25)	24	(138)
Provision	156	88	209	202
Transferred to loans held for sale				0
Ending balance	501	283	501	283
Unallocated Financing Receivables [Member]
Allowance allocated to:
Beginning balance	447	258	270	$ 0
Charge-offs
Recoveries
Net (charge-offs) recoveries
Provision	(26)	49	151	$ 307
Transferred to loans held for sale				0
Ending balance	$ 421	$ 307	$ 421	$ 307

Credit Quality (Details 1)

Credit Quality (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Impaired Loans
Recorded Investment	$ 7,755		$ 7,755		$ 12,173
Unpaid Principal Balance	7,833		7,833		12,250
Related Allowance	579		579		1,298
Average Recorded Investment	10,407	$ 14,525	11,338	$ 17,694
Interest Income Recognized	80	393	256	633
Consumer and credit card [Member]
Impaired Loans
Recorded Investment	467		467
Unpaid Principal Balance	467		467
Related Allowance	0		0
Average Recorded Investment	469		469
Interest Income Recognized	7		19
Commercial and industrial [Member]
Impaired Loans
Recorded Investment	1,872		1,872		2,028
Unpaid Principal Balance	1,950		1,950		2,105
Related Allowance	144		144		256
Average Recorded Investment	2,048	2,322	2,122	3,720
Interest Income Recognized	18	47	64	68
Commercial real estate [Member]
Impaired Loans
Recorded Investment	4,737		4,737		9,690
Unpaid Principal Balance	4,737		4,737		9,690
Related Allowance	435		435		1,042
Average Recorded Investment	7,157	11,741	8,195	13,500
Interest Income Recognized	55	342	165	544
Residential real estate and home equity [member]
Impaired Loans
Recorded Investment	679		679
Unpaid Principal Balance	679		679
Related Allowance	0		0
Average Recorded Investment	733		552
Interest Income Recognized	0		8
With no related allowance recorded [Member]
Impaired Loans
Recorded Investment	2,182		2,182		2,831
Unpaid Principal Balance	2,182		2,182		2,831
Average Recorded Investment	2,567	8,140	2,595	10,471
Interest Income Recognized	14	85	50	148
With no related allowance recorded [Member] | Consumer and credit card [Member]
Impaired Loans
Recorded Investment	467		467		455
Unpaid Principal Balance	467		467		$ 455
Related Allowance
Average Recorded Investment	469	462	469	474
Interest Income Recognized	7	4	19	21
With no related allowance recorded [Member] | Commercial and industrial [Member]
Impaired Loans
Recorded Investment	907		907		$ 1,288
Unpaid Principal Balance	907		907		$ 1,288
Related Allowance
Average Recorded Investment	914	1,306	1,106	1,624
Interest Income Recognized	5	24	21	35
With no related allowance recorded [Member] | Commercial real estate [Member]
Impaired Loans
Recorded Investment	129		129		$ 1,088
Unpaid Principal Balance	129		129		$ 1,088
Related Allowance
Average Recorded Investment	451	6,372	468	8,373
Interest Income Recognized	2	57	2	92
With no related allowance recorded [Member] | Residential real estate and home equity [member]
Impaired Loans
Recorded Investment	679		679
Unpaid Principal Balance	679		679
Average Recorded Investment	$ 733		552
Interest Income Recognized			8
With allowance recorded [Member]
Impaired Loans
Recorded Investment	$ 5,573		5,573		$ 9,342
Unpaid Principal Balance	5,651		5,651		9,419
Related Allowance	579		579		1,298
Average Recorded Investment	7,840	6,385	8,743	7,223
Interest Income Recognized	66	308	206	485
With allowance recorded [Member] | Consumer and credit card [Member]
Impaired Loans
Recorded Investment					455
Unpaid Principal Balance					455
Related Allowance					0
Average Recorded Investment		462		474
Interest Income Recognized		4		21
With allowance recorded [Member] | Commercial and industrial [Member]
Impaired Loans
Recorded Investment	965		965		740
Unpaid Principal Balance	1,043		1,043		817
Related Allowance	144		144		256
Average Recorded Investment	1,134	1,016	1,016	2,096
Interest Income Recognized	13	23	43	33
With allowance recorded [Member] | Commercial real estate [Member]
Impaired Loans
Recorded Investment	4,608		4,608		8,602
Unpaid Principal Balance	4,608		4,608		8,602
Related Allowance	435		435		$ 1,042
Average Recorded Investment	6,706	5,369	7,727	5,127
Interest Income Recognized	$ 53	$ 285	$ 163	$ 452

Credit Quality (Details 2)

Credit Quality (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses	$ 4,206	$ 4,236
Allocated Financing Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	579	1,298
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	3,206	2,668
Financing Receivable, Allowance for Credit Losses	3,785	3,966
Allocated Financing Receivables [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	435	1,042
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	1,561	1,334
Financing Receivable, Allowance for Credit Losses	1,996	2,376
Allocated Financing Receivables [Member] | Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	501	268
Financing Receivable, Allowance for Credit Losses	501	268
Allocated Financing Receivables [Member] | Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	144	256
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	985	876
Financing Receivable, Allowance for Credit Losses	1,129	1,132
Allocated Financing Receivables [Member] | Credit Card Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	0
Financing Receivable, Allowance for Credit Losses, Collectively Evaluated for Impairment	159	190
Financing Receivable, Allowance for Credit Losses	159	190
Unallocated Financing Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Allowance for Credit Losses	$ 421	$ 270

Credit Quality (Details 3)

Credit Quality (Details 3) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Individually Evaluated for Impairment	$ 7,755	$ 12,173
Financing Receivable, Collectively Evaluated for Impairment	372,257	373,057
Financing Receivable, Net	380,012	385,230
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Individually Evaluated for Impairment	4,737	9,690
Financing Receivable, Collectively Evaluated for Impairment	99,154	96,532
Financing Receivable, Net	103,891	106,222
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Individually Evaluated for Impairment	679	0
Financing Receivable, Collectively Evaluated for Impairment	135,255	129,650
Financing Receivable, Net	135,934	129,650
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Individually Evaluated for Impairment	1,872	2,028
Financing Receivable, Collectively Evaluated for Impairment	97,626	109,823
Financing Receivable, Net	99,498	111,851
Credit Card Receivable [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Financing Receivable, Individually Evaluated for Impairment	467	455
Financing Receivable, Collectively Evaluated for Impairment	40,222	37,052
Financing Receivable, Net	$ 40,689	$ 37,507

Credit Quality (Details 4)

Credit Quality (Details 4) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans on nonaccrual status	$ 1,338	$ 1,384
Consumer and credit card [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans on nonaccrual status	56	120
Commercial and industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans on nonaccrual status	573	632
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans on nonaccrual status	30	298
Residential real estate and home equity [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans on nonaccrual status	$ 679	$ 334

Credit Quality (Details 5)

Credit Quality (Details 5) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Credit Quality Indicators
Loans	$ 380,290	$ 385,444
Commercial and Industrial [Member]
Credit Quality Indicators
Loans	99,498	106,222
Commercial and Industrial [Member] | Pass [Member]
Credit Quality Indicators
Loans	95,101	100,961
Commercial and Industrial [Member] | Special Mention [Member]
Credit Quality Indicators
Loans	933	823
Commercial and Industrial [Member] | Substandard [Member]
Credit Quality Indicators
Loans	3,464	4,438
Commercial Real Estate [Member]
Credit Quality Indicators
Loans	103,891	111,851
Commercial Real Estate [Member] | Pass [Member]
Credit Quality Indicators
Loans	94,137	96,217
Commercial Real Estate [Member] | Special Mention [Member]
Credit Quality Indicators
Loans	4,668	6,146
Commercial Real Estate [Member] | Substandard [Member]
Credit Quality Indicators
Loans	$ 5,086	$ 9,488

Credit Quality (Details 6)

Credit Quality (Details 6) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Credit Quality Indicators
Consumer risk based on payment activity	$ 380,290	$ 385,444
Consumer and Credit Card [Member]
Credit Quality Indicators
Consumer risk based on payment activity	40,689	37,507
Consumer and Credit Card [Member] | Performing [Member]
Credit Quality Indicators
Consumer risk based on payment activity	40,633	37,387
Consumer and Credit Card [Member] | Non-Performing [Member]
Credit Quality Indicators
Consumer risk based on payment activity	56	120
Residential Real Estate and Home Equity [Member]
Credit Quality Indicators
Consumer risk based on payment activity	135,934	129,650
Residential Real Estate and Home Equity [Member] | Performing [Member]
Credit Quality Indicators
Consumer risk based on payment activity	135,255	128,836
Residential Real Estate and Home Equity [Member] | Non-Performing [Member]
Credit Quality Indicators
Consumer risk based on payment activity	$ 679	$ 814

Credit Quality (Details 7)

Credit Quality (Details 7) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 645	$ 1,508
Financing Receivable, Recorded Investment, Current	379,367	383,722
Financing Receivable, Recorded Investment, Subtotal	380,012	385,230
Recorded Investment greater than 90 days and Accruing	0	480
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	63	403
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	526	37
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	56	1,068
Consumer and credit card [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	120	193
Financing Receivable, Recorded Investment, Current	40,569	37,314
Financing Receivable, Recorded Investment, Subtotal	40,689	37,507
Recorded Investment greater than 90 days and Accruing	0	0
Consumer and credit card [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	34	66
Consumer and credit card [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	30	7
Consumer and credit card [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	56	120
Commercial and industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	68
Financing Receivable, Recorded Investment, Current	99,498	106,154
Financing Receivable, Recorded Investment, Subtotal	99,498	106,222
Recorded Investment greater than 90 days and Accruing	0	0
Commercial and industrial [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	68
Commercial and industrial [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Commercial and industrial [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	355
Financing Receivable, Recorded Investment, Current	103,891	111,496
Financing Receivable, Recorded Investment, Subtotal	103,891	111,851
Recorded Investment greater than 90 days and Accruing	0	0
Commercial real estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	49
Commercial real estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Commercial real estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	306
Residential real estate and home equity [member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	525	892
Financing Receivable, Recorded Investment, Current	135,409	128,758
Financing Receivable, Recorded Investment, Subtotal	135,934	129,650
Recorded Investment greater than 90 days and Accruing	0	480
Residential real estate and home equity [member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	29	220
Residential real estate and home equity [member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	496	30
Residential real estate and home equity [member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 0	$ 642

Credit Quality (Details 8)

Credit Quality (Details 8) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2015USD ($)Number	Sep. 30, 2014USD ($)Number		Sep. 30, 2015USD ($)Number	Sep. 30, 2014USD ($)Number
Financing Receivable, Modifications [Line Items]
Number of Contracts	1	2		7	2
Pre-modification outstanding recorded investment | $	$ 188	$ 547		$ 279	$ 547
Number of Contracts	0	1		0	1
Post-modification outstanding recorded investment | $	$ 0	$ 315	[1]	$ 0	$ 315	[1]
Consumer and credit card [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	1	0		7	0
Pre-modification outstanding recorded investment | $	$ 188	$ 0		$ 279	$ 0
Commercial and industrial [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	0	2		0	2
Pre-modification outstanding recorded investment | $	$ 0	$ 547		$ 0	$ 547
Commercial real estate [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts	0	1		0	1
Post-modification outstanding recorded investment | $	$ 0	$ 315	[1]	$ 0	$ 315	[1]
[1]	Period end balances are inclusive of all partial pay downs and charge-offs since the modification date. Loans modified in a TDR that were fully paid down, charged off, or foreclosed upon by period end are not reported.

Credit Quality (Details Textual

Credit Quality (Details Textual)	Sep. 30, 2015USD ($)
Financing Receivable, Modifications [Line Items]
Commercial And Commercial Real Estate Loan Relationships Internal Risk Grade Based Limit	$ 250,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Financial assets
Cash and cash equivalents, Carrying amount	$ 35,031	$ 21,274	$ 20,807	$ 25,357
Securities available-for-sale, Carrying amount	82,019	75,909
Loans (net of allowance), Carrying amount	376,084	381,208
FHLB stock, Carrying amount	3,250	3,250
Financial liabilities
Noninterest-bearing deposits, Carrying amount	123,870	111,022
Interest-bearing deposits, Carrying amount	351,037	342,170
Level 1 [Member]
Financial assets
Cash and cash equivalents, Fair value	35,031	21,274
Securities available-for-sale, Carrying amount	0	0
Securities available-for-sale, Fair value	0	0
Loans (net of allowance), Fair value	0	0
FHLB stock, Fair value	0
Accrued interest receivable, Fair value	0	0
Financial liabilities
Noninterest-bearing deposits, Fair value	0	0
Interest-bearing deposits, Fair value	0	0
FHLB stock, Fair value	0	0
Accrued interest payable, Fair value	0	0
Level 2 [Member]
Financial assets
Cash and cash equivalents, Fair value	0	0
Securities available-for-sale, Carrying amount	82,019	75,909
Securities available-for-sale, Fair value	82,019	75,909
Loans (net of allowance), Fair value	0	0
FHLB stock, Fair value	3,250	3,250
Accrued interest receivable, Fair value	0	0
Financial liabilities
Noninterest-bearing deposits, Fair value	123,870	111,022
Interest-bearing deposits, Fair value	351,152	342,318
FHLB stock, Fair value	4,711	11,808
Accrued interest payable, Fair value	0	0
Level 3 [Member]
Financial assets
Cash and cash equivalents, Fair value	0	0
Securities available-for-sale, Carrying amount	0	0
Securities available-for-sale, Fair value	0	0
Loans (net of allowance), Fair value	374,538	381,224
FHLB stock, Fair value	0	0
Accrued interest receivable, Fair value	1,431	1,234
Financial liabilities
Noninterest-bearing deposits, Fair value	0	0
Interest-bearing deposits, Fair value	0	0
FHLB stock, Fair value	0	0
Accrued interest payable, Fair value	74	36
Carrying amount [Member]
Financial assets
Cash and cash equivalents, Carrying amount	35,031	21,274
Securities available-for-sale, Carrying amount	82,019	75,909
Loans (net of allowance), Carrying amount	376,084	381,208
FHLB stock, Carrying amount	3,250	3,250
Accrued interest receivable, Carrying amount	1,431	1,234
Financial liabilities
Noninterest-bearing deposits, Carrying amount	123,870	111,022
Interest-bearing deposits, Carrying amount	351,037	342,170
FHLB stock, Carrying amount	4,711	11,808
Accrued interest payable, Carrying Amount	74	36
Fair value [Member]
Financial assets
Cash and cash equivalents, Fair value	35,031	21,274
Securities available-for-sale, Fair value	82,019	75,909
Loans (net of allowance), Fair value	374,538	381,224
FHLB stock, Fair value	3,250	3,250
Accrued interest receivable, Fair value	1,431	1,234
Financial liabilities
Noninterest-bearing deposits, Fair value	123,870	111,022
Interest-bearing deposits, Fair value	351,152	342,318
FHLB stock, Fair value	4,711	11,808
Accrued interest payable, Fair value	$ 74	$ 36

Fair Value Measurements (Deta42

Fair Value Measurements (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair value measurements of assets recurring basis
Securities available-for-sale	$ 82,019	$ 75,909
Collateralized Mortgage Obligations [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	22,299	19,580
U.S. Government and agency obligations [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	16,469	11,545
State and municipal obligations [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	22,481	21,657
Corporate bonds [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	4,246	4,987
Mortgage-backed securities and other [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	16,524	18,140
Quoted Prices in Active Markets for Identical Assets, Level 1 [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	0	0
Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | Collateralized Mortgage Obligations [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	0	0
Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | U.S. Government and agency obligations [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	0	0
Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | State and municipal obligations [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	0	0
Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | Corporate bonds [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	0	0
Quoted Prices in Active Markets for Identical Assets, Level 1 [Member] | Mortgage-backed securities and other [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	0	0
Significant Other Observable Inputs, Level 2 [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	82,019	75,909
Significant Other Observable Inputs, Level 2 [Member] | Collateralized Mortgage Obligations [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	22,299	19,580
Significant Other Observable Inputs, Level 2 [Member] | U.S. Government and agency obligations [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	16,469	11,545
Significant Other Observable Inputs, Level 2 [Member] | State and municipal obligations [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	22,481	21,657
Significant Other Observable Inputs, Level 2 [Member] | Corporate bonds [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	4,246	4,987
Significant Other Observable Inputs, Level 2 [Member] | Mortgage-backed securities and other [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	16,524	18,140
Significant Unobservable Inputs, Level 3 [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	0	0
Significant Unobservable Inputs, Level 3 [Member] | Collateralized Mortgage Obligations [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	0	0
Significant Unobservable Inputs, Level 3 [Member] | U.S. Government and agency obligations [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	0	0
Significant Unobservable Inputs, Level 3 [Member] | State and municipal obligations [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	0	0
Significant Unobservable Inputs, Level 3 [Member] | Corporate bonds [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	0	0
Significant Unobservable Inputs, Level 3 [Member] | Mortgage-backed securities and other [Member]
Fair value measurements of assets recurring basis
Securities available-for-sale	$ 0	$ 0

Fair Value Measurements (Deta43

Fair Value Measurements (Details 2) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Impaired loans [Member]
Fair value measurements of assets nonrecurring basis
Securities held-to-maturity, Fair Value	$ 7,755	$ 12,173
Impaired loans [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member]
Fair value measurements of assets nonrecurring basis
Securities held-to-maturity, Fair Value	0	0
Impaired loans [Member] | Significant Other Observable Inputs, Level 2 [Member]
Fair value measurements of assets nonrecurring basis
Securities held-to-maturity, Fair Value	0	0
Impaired loans [Member] | Significant Unobservable Inputs, Level 3 [Member]
Fair value measurements of assets nonrecurring basis
Securities held-to-maturity, Fair Value	7,755	12,173
Real estate owned [Member]
Fair value measurements of assets nonrecurring basis
Securities held-to-maturity, Fair Value	785	1,111
Real estate owned [Member] | Quoted Prices in Active Markets for Identical Assets, Level 1 [Member]
Fair value measurements of assets nonrecurring basis
Securities held-to-maturity, Fair Value	0	0
Real estate owned [Member] | Significant Other Observable Inputs, Level 2 [Member]
Fair value measurements of assets nonrecurring basis
Securities held-to-maturity, Fair Value	0	0
Real estate owned [Member] | Significant Unobservable Inputs, Level 3 [Member]
Fair value measurements of assets nonrecurring basis
Securities held-to-maturity, Fair Value	$ 785	$ 1,111

Sale of Branch and Assets Hel44

Sale of Branch and Assets Held for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deposits assumed	$ 474,907	$ 453,192
Property and equipment (agreed upon value)	(5,178)	$ (10,016)
Branch Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deposits assumed	19,403
Loans sold (at book value)	(4,750)
Property and equipment (agreed upon value)	(1,500)
Cash on hand	(261)
Premium on deposits	(438)
Other, net	10
Cash paid to Merchants	$ 12,464

Sale of Branch and Assets Hel45

Sale of Branch and Assets Held for Sale (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Mar. 31, 2014
Long Lived Assets Held-for-sale [Line Items]
Deposits Liabilities			$ 19,400
Loans Purchase			$ 4,800
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Noncurrent	$ 4,771	$ 0

Federal Income Taxes (Details)

Federal Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Investments, Owned, Federal Income Tax Note [Line Items]
Deferred	$ 96	$ (92)	$ 96	$ 229
Valuation allowance	(10,784)	92	(10,784)	(229)
Total	$ (10,688)	$ 0	$ (10,688)	$ 0

Federal Income Taxes (Details 1

Federal Income Taxes (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income taxes (credits) computed at the statutory federal
Federal income taxes compared at the expected statutory rate	$ 136	$ 17	$ 266	$ 70
Increase (decrease) in taxes resulting from:
Nontaxable dividend and interest income	(29)	(20)	(70)	(63)
Increase in cash surrender value of life insurance - net	(56)	(56)	(194)	(193)
Valuation allowance	(10,784)	92	(10,784)	(229)
Other	45	(33)	94	415
Income tax benefit per financial statements	$ (10,688)	$ 0	$ (10,688)	$ 0

Federal Income Taxes (Details 2

Federal Income Taxes (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Deferred tax assets
Allowance for loan losses	$ 1,450	$ 1,440
Depreciation	0	103
Deferred compensation	292	316
Alternative minimum tax carry forward	153	145
Expenses on foreclosed property	11	10
NOL carry forward	9,081	8,910
Other	57	284
Subtotal	11,044	11,208
Deferred tax liabilities
FHLB stock dividends	(307)	(389)
Unrealized gains on available-for-sale securities	(314)	(337)
Other	(40)	(35)
Subtotal	(661)	(761)
Net deferred tax asset	10,383	10,447
Less: valuation allowance	0	(10,784)
Total	$ 10,383	$ (337)

Federal Income Taxes (Details T

Federal Income Taxes (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2014USD ($)
Investments, Owned, Federal Income Tax Note [Line Items]
Net operating loss carry forward	$ 26.4
Net operating loss carry forward, expiration starting period	2,030