Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | May. 06, 2016 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | FIRST NATIONAL COMMUNITY BANCORP INC | |
Trading Symbol | fncb | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 16,530,432 | |
Amendment Flag | false | |
Entity Central Index Key | 1,035,976 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Accelerated Filer | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Mar. 31, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Cash and cash equivalents: | ||
Cash and due from banks | $ 16,367 | $ 19,544 |
Interest-bearing deposits in other banks | 1,847 | 1,539 |
Total cash and cash equivalents | 18,214 | 21,083 |
Securities available for sale, at fair value | 263,523 | 253,773 |
Stock in Federal Home Loan Bank of Pittsburgh, at cost | 3,932 | 6,344 |
Loans held for sale | 455 | 683 |
Loans, net of allowance for loan and lease losses of $8,635 and $8,790 | 719,523 | 724,926 |
Bank premises and equipment, net | 10,904 | 11,193 |
Accrued interest receivable | 2,854 | 2,475 |
Intangible assets | 96 | 137 |
Bank-owned life insurance | 29,527 | 29,381 |
Other real estate owned | 1,806 | 3,154 |
Net deferred tax assets | 24,995 | 27,807 |
Other assets | 9,186 | 9,662 |
Total assets | 1,085,015 | 1,090,618 |
Deposits: | ||
Demand (non-interest-bearing) | 162,882 | 154,531 |
Interest-bearing | 720,243 | 667,015 |
Total deposits | 883,125 | 821,546 |
Borrowed funds: | ||
Federal Home Loan Bank of Pittsburgh advances | 74,511 | 135,802 |
Subordinated debentures | 14,000 | 14,000 |
Junior subordinated debentures | 10,310 | 10,310 |
Total borrowed funds | 98,821 | 160,112 |
Accrued interest payable | 333 | 11,165 |
Other liabilities | 10,695 | 11,617 |
Total liabilities | $ 992,974 | $ 1,004,440 |
Authorized: 20,000,000 shares at March 31, 2016 and December 31, 2015 | ||
Issued and outstanding: 0 shares at March 31, 2016 and December 31, 2015 | ||
Authorized: 50,000,000 shares at March 31, 2016 and December 31, 2015 | ||
Issued and outstanding: 16,530,432 shares, March 31, 2016 and 16,514,245 shares, December 31, 2015 | $ 20,663 | $ 20,643 |
Additional paid-in capital | 62,069 | 62,059 |
Retained earnings | 4,527 | 3,714 |
Accumulated other comprehensive income (loss) | 4,782 | (238) |
Total shareholders' equity | 92,041 | 86,178 |
Total liabilities and shareholders’ equity | $ 1,085,015 | $ 1,090,618 |
Consolidated Statements of Fin3
Consolidated Statements of Financial Condition (Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Loans, allowance for loan and lease losses (in Dollars) | $ 8,635 | $ 8,790 |
Preferred shares, par value (in Dollars per share) | $ 1.25 | $ 1.25 |
Preferred shares, authorized | 20,000,000 | 20,000,000 |
Preferred shares, issued | 0 | 0 |
Preferred shares, outstanding | 0 | 0 |
Common shares, par value (in Dollars per share) | $ 1.25 | $ 1.25 |
Common shares, authorized | 50,000,000 | 50,000,000 |
Common shares, issued | 16,530,432 | 16,514,245 |
Common shares, outstanding | 16,530,432 | 16,514,245 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Interest income | ||
Interest and fees on loans | $ 6,969 | $ 6,472 |
Interest and dividends on securities: | ||
U.S. government agencies | 930 | 971 |
State and political subdivisions, tax-free | 10 | 50 |
State and political subdivisions, taxable | 535 | 26 |
Other securities | 96 | 157 |
Total interest and dividends on securities | 1,571 | 1,204 |
Interest on interest-bearing deposits in other banks | 4 | 21 |
Total interest income | 8,544 | 7,697 |
Interest expense | ||
Interest on deposits | 642 | 683 |
Interest on borrowed funds: | ||
Interest on Federal Home Loan Bank of Pittsburgh advances | 148 | 120 |
Interest on subordinated debentures | 159 | 563 |
Interest on junior subordinated debentures | 57 | 49 |
Total interest on borrowed funds | 364 | 732 |
Total interest expense | 1,006 | 1,415 |
Net interest income before provision (credit) for loan and lease losses | 7,538 | 6,282 |
Provision (credit) for loan and lease losses | 696 | (494) |
Net interest income after provision (credit) for loan and lease losses | 6,842 | 6,776 |
Non-interest income | ||
Deposit service charges | 701 | 674 |
Net gain on the sale of securities | 103 | 2,224 |
Net gain on the sale of mortgage loans held for sale | 68 | 40 |
Net (loss) gain on the sale of other real estate owned | (5) | 5 |
Loan-related fees | 107 | 90 |
Income from bank-owned life insurance | 146 | 135 |
Other | 211 | 251 |
Total non-interest income | 1,331 | 3,419 |
Non-interest expense | ||
Salaries and employee benefits | 3,514 | 3,139 |
Occupancy expense | 493 | 633 |
Equipment expense | 423 | 384 |
Advertising expense | 93 | 90 |
Data processing expense | 523 | 448 |
Regulatory assessments | 237 | 409 |
Bank shares tax | 241 | 217 |
Expense of other real estate owned | 46 | 100 |
Legal expense | 120 | 163 |
Professional fees | 287 | 301 |
Insurance expense | 128 | 198 |
Other operating expenses | 699 | 700 |
Total non-interest expense | 6,804 | 6,782 |
Income before income taxes | 1,369 | 3,413 |
Income tax expense (benefit) | 226 | (62) |
Net income | $ 1,143 | $ 3,475 |
Earnings per share | ||
Basic (in Dollars per share) | $ 0.07 | $ 0.21 |
Diluted (in Dollars per share) | 0.07 | 0.21 |
Cash Dividends Declared Per Common Share (in Dollars per share) | $ 0.02 | $ 0 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: | ||
Basic (in Shares) | 16,519,759 | 16,490,111 |
Diluted (in Shares) | 16,519,759 | 16,490,111 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Net income | $ 1,143 | $ 3,475 |
Other comprehensive income: | ||
Unrealized gains on securities available for sale | 7,709 | 3,478 |
Taxes | (2,621) | (1,182) |
Net of tax amount | 5,088 | 2,296 |
Reclassification adjustment for gains included in net income | (103) | (2,224) |
Taxes | 35 | 756 |
Net of tax amount | (68) | (1,468) |
Total other comprehensive income | 5,020 | 828 |
Comprehensive income | $ 6,163 | $ 4,303 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balances at Dec. 31, 2014 | $ 20,605 | $ 61,781 | $ (32,126) | $ 1,138 | $ 51,398 |
Balances (in Shares) at Dec. 31, 2014 | 16,484,419 | ||||
Net income for the period | 3,475 | 3,475 | |||
Common shares issued under long-term incentive compensation plan | $ 21 | (21) | |||
Common shares issued under long-term incentive compensation plan (in Shares) | 16,526 | ||||
Restricted stock awards | 41 | 41 | |||
Other comprehensive income (loss), net of tax | 828 | 828 | |||
Balances at Mar. 31, 2015 | $ 20,626 | 61,801 | (28,651) | 1,966 | 55,742 |
Balances (in Shares) at Mar. 31, 2015 | 16,500,945 | ||||
Balances at Dec. 31, 2015 | $ 20,643 | 62,059 | 3,714 | (238) | 86,178 |
Balances (in Shares) at Dec. 31, 2015 | 16,514,245 | ||||
Net income for the period | 1,143 | 1,143 | |||
Cash dividends paid, $0.02 per share | (330) | (330) | |||
Common shares issued under long-term incentive compensation plan | $ 20 | (20) | |||
Common shares issued under long-term incentive compensation plan (in Shares) | 16,187 | ||||
Restricted stock awards | 30 | 30 | |||
Other comprehensive income (loss), net of tax | 5,020 | 5,020 | |||
Balances at Mar. 31, 2016 | $ 20,663 | $ 62,069 | $ 4,527 | $ 4,782 | $ 92,041 |
Balances (in Shares) at Mar. 31, 2016 | 16,530,432 |
Consolidated Statements of Cha7
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Other comprehensive income (loss), tax | $ 2,586 | $ 426 |
Cash dividends paid, per share (in Dollars per share) | $ 0.02 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Operating activities: | ||
Net income | $ 1,143 | $ 3,475 |
Adjustments to reconcile net income to net cash used in operating activities: | ||
Investment securities amortization, net | 284 | 463 |
Equity in trust | (2) | (1) |
Depreciation and amortization | 652 | 360 |
Stock-based compensation expense | 30 | 41 |
Provision (credit) for loan and lease losses | 696 | (494) |
Valuation adjustment for off-balance sheet commitments | (51) | (21) |
Gain on the sale of available-for-sale securities | (103) | (2,224) |
Gain on the sale of loans held for sale | (68) | (40) |
Loss (gain) on the sale of other real estate owned | 5 | (5) |
Valuation adjustment of other real estate owned | 12 | |
Income from bank-owned life insurance | (146) | (135) |
Proceeds from the sale of loans held for sale | 1,766 | 1,085 |
Funds used to originate loans held for sale | (1,470) | (442) |
Deferred income tax expense | 226 | |
Increase in interest receivable | (379) | (43) |
Decrease (increase) in prepaid expenses and other assets | 450 | (324) |
(Decrease) increase in interest payable | (10,832) | 526 |
Decrease in accrued expenses and other liabilities | (883) | (2,278) |
Total adjustments | (9,825) | (3,520) |
Net cash used in operating activities | (8,682) | (45) |
Cash flows from investing activities: | ||
Maturities, calls and principal payments of available-for-sale securities | 1,645 | 2,236 |
Proceeds from the sale of securities available for sale | 6,192 | 35,948 |
Purchases of securities available for sale | (10,162) | (19,802) |
Redemption (purchase) of the stock of the Federal Home Loan Bank of Pittsburgh | 2,412 | (258) |
Net decrease (increase) in loans to customers | 4,201 | (2,083) |
Proceeds from the sale of other real estate owned | 1,592 | 37 |
Purchases of bank premises and equipment | (25) | (518) |
Net cash provided by investing activities | 5,855 | 15,560 |
Cash flows from financing activities: | ||
Net increase (decrease) in deposits | 61,579 | (20,225) |
Net (repayment of) proceeds from Federal Home Loan Bank of Pittsburgh advances - overnight | (56,950) | |
Proceeds from Federal Home Loan Bank of Pittsburgh advances - term | 9,362 | 6,512 |
Repayment of Federal Home Loan Bank of Pittsburgh advances - term | (13,703) | (94) |
Cash dividends paid | (330) | |
Net cash used in financing activities | (42) | (13,807) |
Net (decrease) increase in cash and cash equivalents | (2,869) | 1,708 |
Cash and cash equivalents at beginning of period | 21,083 | 35,667 |
Cash and cash equivalents at end of period | 18,214 | 37,375 |
Cash paid during the period for: | ||
Interest | 11,838 | 889 |
Other transactions: | ||
Available-for-sale securities purchased, not settled | (1,013) | |
Principal balance of loans transferred to other real estate owned | 237 | 149 |
Change in deferred gain on sale of other real estate owned | $ 12 | $ (9) |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1. Basis of Presentation The consolidated financial statements are comprised of the accounts of First National Community Bancorp, Inc., and its wholly owned subsidiary, First National Community Bank (the “Bank”), as well as the Bank’s wholly owned subsidiaries (collectively, “FNCB”). The accounting and reporting policies of FNCB conform to accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10-01 of Regulation S-X. Accordingly, they do not include all of the information and accompanying notes required by GAAP for complete financial statements. In the opinion of management, all adjustments necessary for a fair presentation of the financial position and the results of operations for the periods presented have been included in the consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation. Prior period amounts have been reclassified when necessary to conform to the current period’s presentation. These reclassifications did not have an impact on the operating results or financial position of FNCB. The operating results and financial position of FNCB for the three months ended March 31, 2016, may not be indicative of future results of operations and financial position. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to change in the near term are the allowance for loan and lease losses (“ALLL”), investment security valuations, the evaluation of investment securities and other real estate owned (“OREO”) for impairment, and the evaluation of deferred income taxes. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in FNCB’s audited financial statements, included in the Annual Report filed on Form 10-K as of and for the year ended December 31, 2015. |
Note 2 - New Authoritative Acco
Note 2 - New Authoritative Accounting Guidance | 3 Months Ended |
Mar. 31, 2016 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 2. New Authoritative Accounting Guidance ASU 2014-12, Compensation – Stock Compensation (Topic 718): “Accounting for Share-Based Payments When the Terms of an Award Provide that a Performance Target Could be Achieved after the Requisite Service Period,” requires a performance target that affects vesting and that can be achieved after the requisite service period to be treated as a performance condition. To account for such awards, an entity should apply existing guidance as it relates to awards with performance conditions that affect vesting. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent compensation cost attributable to the period(s) for which the requisite service already has been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service periods. The total amount of compensation cost should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. ASU 2014-12 is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. The adoption of this guidance on January 1, 2016 did not have a material effect on the operating results or financial position of FNCB. ASU 2015-01, Income Statement – Extraordinary and Unusual Items (Subtopic 225-20): “Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items,” will alleviate uncertainty for preparers, auditors and regulators because auditors and regulators will no longer be required to evaluate whether a preparer presented an unusual and/or infrequent item appropriately. Although ASU 2015-01 eliminates the concept of extraordinary items, the presentation and disclosure guidance for items that are unusual in nature or infrequent in occurrence has been retained and has been expanded to include items that are both unusual in nature or infrequent in occurrence. The nature and financial effects of each event or transaction is required to be presented as a separate component of income from continuing operations or, alternatively, in the notes to the financial statements. ASU 2015-01 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption of this guidance is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The adoption of this guidance on January 1, 2016 did not have a material effect on the operating results or financial position of FNCB. ASU 2015-02, Consolidation (Topic 810): “Amendments to the Consolidation Analysis,” improves targeted areas of the consolidation guidance and reduces the number of consolidation models. The new consolidation standard changes the way reporting enterprises evaluate whether (a) they should consolidate limited partnerships and similar entities, (b) fees paid to a decision maker or service provider are variable interests in a variable interest entity (“VIE”), and (c) variable interests in a VIE held by related parties of the reporting enterprise require the reporting enterprise to consolidate the VIE. It also eliminates the VIE consolidation model based on majority exposure to variability that applied to certain investment companies and similar entities. ASU 2015-02 is effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this guidance on January 1, 2016 did not have a material effect on the operating results or financial position of FNCB. ASU 2015-03, Interest – Imputation of Interest (Subtopic 835-30): “Simplifying the Presentation of Debt Issuance Costs,” more closely aligns the presentation of debt issuance costs under U.S. GAAP with the presentation under comparable IFRS standards. Under ASU 2015-03 debt issuance costs related to a recognized debt liability will no longer be recorded as a separate asset, but will be presented on the balance sheet as a direct deduction from the debt liability, similar to the presentation of debt discounts. The costs will continue to be amortized to interest expense using the effective interest method. ASU 2015-03 is effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015, and requires retrospective application to all prior periods presented in the financial statements. Early adoption of this guidance is permitted. The adoption of this guidance on January 1, 2016 did not have a material effect on the operating results or financial position of FNCB. ASU 2015-05, Intangibles – Goodwill and Other Internal-Use Software (Subtopic 350-40): “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement,” provides explicit guidance on a customer’s accounting for fees paid in a cloud computing environment. Specifically, the amendments in this ASU provide guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. ASU 2015-05 is effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. The adoption of this guidance on January 1, 2016 did not have a material effect on the operating results or financial position of FNCB. Accounting Guidance to be Adopted in Future Periods ASU 2016-09, Compensation – Stock Compensation (Topic 718): “Improvements to Employee Share-Based Payment Accounting” simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, forfeitures, and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2016 for public entities. The adoption of this guidance on January 1, 2017 is not expected to have a material effect on the operating results of financial position of FNCB. Refer to Note 2 to FNCB's consolidated financial statements included in the 2015 Annual Report on Form 10-K for a discussion of additional guidance applicable to FNCB that will be adopted in future periods. |
Note 3 - Securities
Note 3 - Securities | 3 Months Ended |
Mar. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3 . Securities The following tables present the amortized cost, gross unrealized gains and losses, and the fair value of FNCB’s securities at March 31, 2016 and December 31, 2015: March 31, 2016 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale: Obligations of U.S. government agencies $ 37,698 $ 1,218 $ - $ 38,916 Obligations of state and political subdivisions 84,891 2,678 11 87,558 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 21,312 548 1 21,859 Collateralized mortgage obligations - commercial 89,617 2,453 - 92,070 Residential mortgage-backed securities 18,077 475 - 18,552 Corporate debt securities 500 - 113 387 Negotiable certificates of deposit 3,173 49 - 3,222 Equity securities 1,010 - 51 959 Total available-for-sale securities $ 256,278 $ 7,421 $ 176 $ 263,523 December 31, 2015 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale: Obligations of U.S. government agencies $ 43,787 $ 256 $ - $ 44,043 Obligations of state and political subdivisions 75,401 428 422 75,407 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 22,162 116 9 22,269 Collateralized mortgage obligations - commercial 89,900 124 601 89,423 Residential mortgage-backed securities 18,201 58 161 18,098 Corporate debt securities 500 - 77 423 Negotiable certificates of deposit 3,173 - 11 3,162 Equity securities 1,010 - 62 948 Total available-for-sale securities $ 254,134 $ 982 $ 1,343 $ 253,773 At March 31, 2016 and December 31, 2015, securities with a carrying amount of $262.2 million and $252.4 million, respectively, were pledged as collateral to secure public deposits and for other purposes. The following table shows the amortized cost and approximate fair value of FNCB’s available-for-sale debt securities at March 31, 2016 using contractual maturities. Expected maturities will differ from contractual maturity because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Because collateralized mortgage obligations and residential mortgage-backed securities are not due at a single maturity date, they are not included in the maturity categories in the following maturity summary. March 31, 2016 Amortized Fair (in thousands) Cost Value Amounts maturing in: One year or less $ - $ - After one year through five years 25,061 25,737 After five years through ten years 98,485 101,668 After ten years 2,716 2,678 Collateralized mortgage obligations 110,929 113,929 Residential mortgage-backed securities 18,077 18,552 Total $ 255,268 $ 262,564 Gross proceeds from the sale of available-for-sale securities were $6.2 million and $35.9 million for the three months ended March 31, 2016 and March 31, 2015, respectively, with gross gains of $103 thousand and $2.2 million, respectively realized upon the sales. There were no losses realized upon the sales for the three months ended March 31, 2016 and 2015. The following tables present the number of, fair value and gross unrealized losses of available-for-sale securities with unrealized losses at March 31, 2016 and December 31, 2015: March 31, 2016 Less than 12 Months 12 Months or Greater Total Number Gross Number Gross Number Gross of Fair Unrealized of Fair Unrealized of Fair Unrealized (dollars in thousands) Securities Value Losses Securities Value Losses Securities Value Losses Obligations of US government agencies - $ - $ - - $ - $ - - $ - $ - Obligations of state and policitical subdivisions - - - 1 1,507 11 1 1,507 11 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential - - - 2 488 1 2 488 1 Collateralized mortgage obligations - commercial - - - - - - - - - Residential mortgage-backed securities - - - - - - - - - Corporate debt securities - - - 1 387 113 1 387 113 Negotiable certificates of deposit - - - - - - - - - Equity securities - - - 1 949 51 1 949 51 Total - $ - $ - 5 $ 3,331 $ 176 5 $ 3,331 $ 176 December 31, 2015 Less than 12 Months 12 Months or Greater Total Number Gross Number Gross Number Gross of Fair Unrealized of Fair Unrealized of Fair Unrealized (dollars in thousands) Securities Value Losses Securities Value Losses Securities Value Losses Obligantions of U.S. government agencies - $ - $ - - $ - $ - - $ - $ - Obligations of state and policitical subdivisions 31 33,022 419 1 264 3 32 33,286 422 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 4 5,738 9 - - - 4 5,738 9 Collateralized mortgage obligations - commercial 16 67,969 601 - - - 16 67,969 601 Residential mortgage-backed securities 7 16,779 161 - - - 7 16,779 161 Corporate debt securities - - - 1 423 77 1 423 77 Negotiable certificates of deposit 12 2,913 11 - - - 12 2,913 11 Equity securities - - - 1 938 62 1 938 62 Total 70 $ 126,421 $ 1,201 3 $ 1,625 $ 142 73 $ 128,046 $ 1,343 Management evaluates individual securities in an unrealized loss position quarterly for other than temporary impairment (“OTTI”). As part of its evaluation, management considers, among other things, the length of time a security’s fair value is less than its amortized cost, the severity of decline, any credit deterioration of the issuer, whether or not management intends to sell the security, and whether it is more likely than not that FNCB will be required to sell the security prior to recovery of its amortized cost. There were five securities in an unrealized loss position at March 31, 2016, including two securities issued by a U.S. government or government-sponsored agency, one obligation of a state and political subdivision, one corporate bond, and one equity security. All five securities were in an unrealized loss position for greater than 12 months. Management performed a review of the fair values of all securities in an unrealized loss position as of March 31, 2016 and determined that movements in the fair values of the securities were consistent with the change in market interest rates. In addition, as part of its review, management noted that there was no material change in the credit quality of any of the issuers or other events or circumstances that may cause a significant adverse effect on the fair value of these securities. Moreover, to date, FNCB has received all scheduled principal and interest payments and expects to fully collect all future contractual principal and interest payments on all securities in an unrealized loss position at March 31, 2016. FNCB does not intend to sell the securities nor is it more likely than not that it will be required to sell the securities prior to recovery of their amortized cost. Based on the results of its review and considering the attributes of these debt and equity securities, management concluded that the individual unrealized losses were temporary and OTTI did not exist at March 31, 2016. Investments in FHLB of Pittsburgh and FRB stock, which have limited marketability, are carried at cost and totaled $5.3 million and $7.7 million at March 31, 2016 and December 31, 2015, respectively. FRB stock of $1.3 million is included in Other Assets at March 31, 2016 and December 31, 2015. Management noted no indicators of impairment for the FHLB of Pittsburgh and FRB of Philadelphia stock at March 31, 2016. |
Note 4 - Loans
Note 4 - Loans | 3 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 . L oans The following table summarizes loans receivable, net, by category at March 31, 2016 and December 31, 2015: March 31, December 31, (in thousands) 2016 2015 Residential real estate $ 136,254 $ 130,696 Commercial real estate 247,867 245,198 Construction, land acquisition and development 20,432 30,843 Commercial and industrial 142,511 149,826 Consumer 128,825 128,533 State and political subdivisions 49,759 46,056 Total loans, gross 725,648 731,152 Unearned income (93 ) (98 ) Net deferred loan costs 2,603 2,662 Allowance for loan and lease losses (8,635 ) (8,790 ) Loans, net $ 719,523 $ 724,926 FNCB has granted loans, letters of credit and lines of credit to certain of its executive officers and directors as well as to certain related parties of executive officers and directors. For more information about related party transactions, refer to Note 7 – “Related Party Transactions” to these consolidated financial statements. FNCB originates one- to four-family mortgage loans for sale in the secondary market. During the quarter ended March 31, 2016, one-to four-family mortgages sold on the secondary market were $1.7 million. FNCB retains servicing rights on these mortgages. At March 31, 2016 and December 31, 2015, there were $455 thousand and $683 thousand in one-to four-family residential mortgage loans held for sale, respectively. FNCB does not have any lending programs commonly referred to as subprime lending. Subprime lending generally targets borrowers with weakened credit histories typically characterized by payment delinquencies, previous charge-offs, judgments, and bankruptcies, or borrowers with questionable repayment capacity as evidenced by low credit scores or high debt-burden ratios. There were no material changes to the risk characteristics of FNCB’s loan segments, loan classification and credit grading systems and methodology for determining the adequacy of the ALLL during the three months ended March 31, 2016. Refer to Note 2 to FNCB’s consolidated financial statements included in the 2015 Annual Report on Form 10-K for information about the risk characteristics related to FNCB’s loan segments, loan classification and credit grading systems and methodology for determing the adequacy of the ALLL. Each quarter, management evaluates the ALLL and adjusts the ALLL as appropriate through a provision or credit for loan losses. While management uses the best information available to make evaluations, future adjustments to the ALLL may be necessary if conditions differ substantially from the information used in making the evaluations. In addition, as an integral part of its examination process, bank regulators periodically review the ALLL. These regulators may require FNCB to adjust the ALLL based on their analysis of information available at the time of examination. The following table summarizes activity in the ALLL by loan category for the three months ended March 31, 2016 and 2015: Real Estate (in thousands) Residential Commercial Construction, Commercial Consumer State and Unallocated Total Three months ended March 31, 2016: Allowance for loan losses: Beginning balance, January 1, 2016 $ 1,333 $ 3,346 $ 853 $ 1,205 $ 1,494 $ 485 $ 74 $ 8,790 Charge-offs (24 ) (251 ) - (568 ) (305 ) - - (1,148 ) Recoveries 1 1 - 94 201 - - 297 Provisions (credits) (100 ) 195 (200 ) 591 (11 ) 295 (74 ) 696 Ending balance, March 31, 2016 $ 1,210 $ 3,291 $ 653 $ 1,322 $ 1,379 $ 780 $ - $ 8,635 Three months ended March 31, 2015: Allowance for loan losses: Beginning balance, January 1, 2015 $ 1,772 $ 4,663 $ 665 $ 2,104 $ 1,673 $ 598 $ 45 $ 11,520 Charge-offs (68 ) - - (70 ) (139 ) - - (277 ) Recoveries 6 2 - 65 122 - - 195 Provisions (credits) (179 ) (334 ) 99 (101 ) 42 (15 ) (6 ) (494 ) Ending balance, March 31, 2015 $ 1,531 $ 4,331 $ 764 $ 1,998 $ 1,698 $ 583 $ 39 $ 10,944 The following table represents the allocation of the ALLL and the related loan balance, by loan category, disaggregated based on the impairment methodology at March 31, 2016 and December 31, 2015: Real Estate (in thousands) Residential Commercial Construction, Commercial Consumer State and Unallocated Total March 31, 2016 Allowance for loan losses: Individually evaluated for impairment $ 54 $ 279 $ - $ - $ 1 $ - $ - $ 334 Collectively evaluated for impairment 1,156 3,012 653 1,322 1,378 780 - 8,301 Total $ 1,210 $ 3,291 $ 653 $ 1,322 $ 1,379 $ 780 $ - $ 8,635 Loans receivable: Individually evaluated for impairment $ 2,741 $ 3,749 $ 443 $ 199 $ 301 $ - $ - $ 7,433 Collectively evaluated for impairment 133,513 244,118 19,989 142,312 128,524 49,759 - 718,215 Total $ 136,254 $ 247,867 $ 20,432 $ 142,511 $ 128,825 $ 49,759 $ - $ 725,648 December 31, 2015 Allowance for loan losses: Individually evaluated for impairment $ 92 $ 287 $ 1 $ - $ 1 $ - $ - $ 381 Collectively evaluated for impairment 1,241 3,059 852 1,205 1,493 485 74 8,409 Total $ 1,333 $ 3,346 $ 853 $ 1,205 $ 1,494 $ 485 $ 74 $ 8,790 Loans receivable: Individually evaluated for impairment $ 2,930 $ 3,831 $ 646 $ 203 $ 351 $ - $ - $ 7,961 Collectively evaluated for impairment 127,766 241,367 30,197 149,623 128,182 46,056 - 723,191 Total $ 130,696 $ 245,198 $ 30,843 $ 149,826 $ 128,533 $ 46,056 $ - $ 731,152 Credit Quality Indicators – Commercial Loans Management continuously monitors the credit quality of FNCB’s commercial loans by regularly reviewing certain credit quality indicators. Management utilizes credit risk ratings as the key credit quality indicator for evaluating the credit quality of FNCB’s loan receivables. FNCB’s loan rating system assigns a degree of risk to commercial loans based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. Management analyzes these non-homogeneous loans individually by grading the loans as to credit risk and probability of collection for each type of loan. Commercial and industrial loans include commercial indirect auto loans which are not individually risk rated, and construction, land acquisition and development loans include residential construction loans which are also not individually risk rated. These loans are monitored on a pool basis due to their homogeneous nature as described in “Credit Quality Indicators – Other Loans” below. FNCB risk rates certain residential real estate loans and consumer loans that are part of a larger commercial relationship using its credit grading system as described in “Credit Quality Indicators – Commercial Loans.” The grading system contains the following basic risk categories: 1. Minimal Risk 2. Above Average Credit Quality 3. Average Risk 4. Acceptable Risk 5. Pass - Watch 6. Special Mention 7. Substandard - Accruing 8. Substandard - Non-Accrual 9. Doubtful 10. Loss This analysis is performed on a quarterly basis using the following definitions for risk ratings: Pass - Assets rated 1 through 5 are considered pass ratings. These assets show no current or potential problems and are considered fully collectible. All such loans are considered collectively for ALLL calculation purposes. However, accruing TDRs that have been performing for an extended period of time, do not represent a higher risk of loss, and have been upgraded to a pass rating are evaluated individually for impairment. Special Mention – Assets classified as special mention do not currently expose FNCB to a sufficient degree of risk to warrant an adverse classification but do possess credit deficiencies or potential weaknesses deserving close attention. Special Mention assets have a potential weakness or pose an unwarranted financial risk which, if not corrected, could weaken the asset and increase risk in the future. Substandard - Assets classified as substandard have well defined weaknesses based on objective evidence, and are characterized by the distinct possibility that FNCB will sustain some loss if the deficiencies are not corrected. Doubtful - Assets classified as doubtful have all of the weaknesses inherent in those classified substandard with the added characteristic that the weaknesses present make collection or liquidation in full highly questionable and improbable based on current circumstances. Loss - Assets classified as loss are those considered uncollectible and of such little value that their continuance as assets is not warranted. Credit Quality Indicators – Other Loans Certain residential real estate loans, consumer loans, and commercial indirect auto loans are monitored on a pool basis due to their homogeneous nature. Loans that are delinquent 90 days or more are placed on non-accrual status unless collection of the loan is in process and reasonably assured. FNCB utilizes accruing versus non-accrual status as the credit quality indicator for these loan pools. The following tables present the recorded investment in loans receivable by loan category and credit quality indicator at March 31, 2016 and December 31, 2015: Credit Quality Indicators March 31, 2016 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 24,378 $ 390 $ 1,015 $ - $ - $ 25,783 $ 109,545 $ 926 $ 110,471 $ 136,254 Commercial real estate 229,731 9,989 8,147 - - 247,867 - - - 247,867 Construction, land acquisition and development 13,496 355 4,799 - - 18,650 1,782 - 1,782 20,432 Commercial and industrial 134,559 998 2,025 - - 137,582 4,924 5 4,929 142,511 Consumer 4,904 5 39 - - 4,948 123,580 297 123,877 128,825 State and political subdivisions 43,374 5,947 438 - - 49,759 - - - 49,759 Total $ 450,442 $ 17,684 $ 16,463 $ - $ - $ 484,589 $ 239,831 $ 1,228 $ 241,059 $ 725,648 Credit Quality Indicators December 31, 2015 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 21,018 $ 449 $ 984 $ - $ - $ 22,451 $ 107,204 $ 1,041 $ 108,245 $ 130,696 Commercial real estate 225,850 11,356 7,992 - - 245,198 - - - 245,198 Construction, land acquisition and development 23,946 358 5,137 - - 29,441 1,402 - 1,402 30,843 Commercial and industrial 142,242 595 2,209 - - 145,046 4,775 5 4,780 149,826 Consumer 2,747 9 39 - - 2,795 125,392 346 125,738 128,533 State and political subdivisions 45,464 120 472 - - 46,056 - - - 46,056 Total $ 461,267 $ 12,887 $ 16,833 $ - $ - $ 490,987 $ 238,773 $ 1,392 $ 240,165 $ 731,152 Included in loans receivable are loans for which the accrual of interest income has been discontinued due to deterioration in the financial condition of the borrowers. The recorded investment in these non-accrual loans was $3.6 million and $3.8 million at March 31, 2016 and December 31, 2015, respectively. Generally, loans are placed on non-accrual status when they become 90 days or more delinquent, and remain on non-accrual status until they are brought current, have six months of performance under the loan terms, and factors indicating reasonable doubt about the timely collection of payments no longer exist. Therefore, loans may be current in accordance with their loan terms, or may be less than 90 days delinquent and still be on a non-accrual status. There were no loans past due 90 days or more and still accruing at March 31, 2016 and December 31, 2015. The following tables present the delinquency status of past due and non-accrual loans at March 31, 2016 and December 31, 2015: March 31, 2016 Delinquency Status 0-29 Days 30-59 Days 60-89 Days >/= 90 Days (in thousands) Past Due Past Due Past Due Past Due Total Performing (accruing) loans: Real estate: Residential real estate $ 134,780 $ 333 $ - $ - $ 135,113 Commercial real estate 245,591 28 610 - 246,229 Construction, land acquisition and development 20,095 6 - - 20,101 Total real estate 400,466 367 610 - 401,443 Commercial and industrial 141,876 473 - - 142,349 Consumer 127,637 725 166 - 128,528 State and political subdivisions 49,759 - - - 49,759 Total performing (accruing) loans 719,738 1,565 776 - 722,079 Non-accrual loans: Real estate: Residential real estate 277 146 108 610 1,141 Commercial real estate 1,496 30 112 - 1,638 Construction, land aquisition and development 331 - - - 331 Total real estate 2,104 176 220 610 3,110 Commercial and industrial 97 - - 65 162 Consumer 106 35 47 109 297 State and political subdivisions - - - - - Total non-accrual loans 2,307 211 267 784 3,569 Total loans receivable $ 722,045 $ 1,776 $ 1,043 $ 784 $ 725,648 December 31, 2015 Delinquency Status 0-29 Days 30-59 Days 60-89 Days >/= 90 Days (in thousands) Past Due Past Due Past Due Past Due Total Performing (accruing) loans: Real estate: Residential real estate $ 129,206 $ 51 $ 225 $ - $ 129,482 Commercial real estate 243,168 53 286 - 243,507 Construction, land acquisition and development 30,475 26 - - 30,501 Total real estate 402,849 130 511 - 403,490 Commercial and industrial 149,329 236 66 - 149,631 Consumer 126,760 994 433 - 128,187 State and political subdivisions 46,056 - - - 46,056 Total peforming (accruing) loans 724,994 1,360 1,010 - 727,364 Non-accrual loans: Real estate: Residential real estate 923 99 44 148 1,214 Commercial real estate 1,576 - 115 - 1,691 Construction, land acquisition and development 342 - - - 342 Total real estate 2,841 99 159 148 3,247 Commercial and industrial 98 - - 97 195 Consumer 69 21 3 253 346 State and political subdivisions - - - - - Total non-accrual loans 3,008 120 162 498 3,788 Total loans receivable $ 728,002 $ 1,480 $ 1,172 $ 498 $ 731,152 The following tables present a distribution of the recorded investment, unpaid principal balance and the related allowance for FNCB’s impaired loans, which have been analyzed for impairment under ASC 310, at March 31, 2016 and December 31, 2015. Non-accrual loans, other than TDRs, with balances less than the $100 thousand loan relationship threshold are not evaluated individually for impairment and are accordingly not included in the following tables. However, these loans are evaluated collectively for impairment as homogenous pools in the general allowance under ASC Topic 450. Total non-accrual loans, other than TDRs, with balances less than the $100 thousand loan relationship threshold that were evaluated under ASC Topic 450 amounted to $0.8 million at March 31, 2016 and December 31, 2015. March 31, 2016 Unpaid Recorded Principal Related (in thousands) Recorded Investment Balance Related Allowance With no allowance recorded: Real estate: Residential real estate $ 1,301 $ 1,400 $ - Commercial real estate 1,802 2,841 - Construction, land acquisition and development 443 826 - Total real estate loans 3,546 5,067 - Commercial and industrial 199 232 - Consumer - - - State and political subdivisions - - - Total impaired loans with no related allowance recorded 3,745 5,299 - With a related allowance recorded: Real estate: Residential real estate 1,440 1,440 54 Commercial real estate 1,947 1,947 279 Construction, land acquisition and development - - - Total real estate loans 3,387 3,387 333 Commercial and industrial - - - Consumer 301 301 1 State and political subdivisions - - - Total impaired loans with a related allowance recorded 3,688 3,688 334 Total impaired loans: Real estate: Residential real estate 2,741 2,840 54 Commercial real estate 3,749 4,788 279 Construction, land acquisition and development 443 826 - Total real estate loans 6,933 8,454 333 Commercial and industrial 199 232 - Consumer 301 301 1 State and political subdivisions - - - Total impaired loans $ 7,433 $ 8,987 $ 334 December 31, 2015 Unpaid Recorded Principal Related (in thousands) Investment Balance Allowance With no allowance recorded: Real estate: Residential real estate $ 1,042 $ 1,138 $ - Commercial real estate 1,850 2,868 - Construction, land acquisition and development 470 844 - Total real estate loans 3,362 4,850 - Commercial and industrial 124 156 - Consumer - - - State and political subdivisions - - - Total impaired loans with no related allowance recorded 3,486 5,006 - With a related allowance recorded: Real estate: Residential real estate 1,888 1,888 92 Commercial real estate 1,981 1,981 287 Construction, land acquisition and development 176 176 1 Total real estate loans 4,045 4,045 380 Commercial and industrial 79 79 - Consumer 351 351 1 State and political subdivisions - - - Total impaired loans with a related allowance recorded 4,475 4,475 381 Total impaired loans: Real estate: Residential real estate 2,930 3,026 92 Commercial real estate 3,831 4,849 287 Construction, land acquisition and development 646 1,020 1 Total real estate loans 7,407 8,895 380 Commercial and industrial 203 235 - Consumer 351 351 1 State and political subdivisions - - - Total impaired loans $ 7,961 $ 9,481 $ 381 The total recorded investment in impaired loans, which consists of non-accrual loans with an aggregate loan relationship greater than $100,000 and TDRs, amounted to $7.4 million and $8.0 million at March 31, 2016 and December 31, 2015, respectively. The related allowance recorded on impaired loans was $0.3 million at March 31, 2016 and $0.4 million at December 31, 2015. The following table presents the average balance and interest income by loan category recognized on impaired loans for the three months ended March 31, 2016 and 2015: Three Months Ended March 31, 2016 2015 (in thousands) Average Balance Interest Income (1) Average Balance Interest Income (1) Real estate: Residential real estate $ 2,876 $ 26 $ 2,897 $ 33 Commercial real estate 3,782 23 6,567 30 Construction, land acquisition and development 566 3 349 4 Total real estate 7,224 52 9,813 67 Commercial and industrial 201 1 31 - Consumer 350 3 359 3 State and political subdivisions - - - - Total impaired loans $ 7,775 $ 56 $ 10,203 $ 70 (1) Interest income represents income recognized on performing TDRs. The additional interest income that would have been earned on non-accrual and restructured loans had these loans performed in accordance with their original terms approximated $67 thousand and $91 thousand for the three months ended March 31, 2016 and 2015, respectively. Troubled Debt Restructured Loans TDRs at March 31, 2016 and December 31, 2015 were $5.5 million and $5.8 million, respectively. Accruing and non-accruing TDRs were $4.6 million and $0.9 million, respectively at March 31, 2016 and $5.0 million and $0.8 million, respectively at December 31, 2015. Approximately $284 thousand and $295 thousand in specific reserves have been established for TDRs as of March 31, 2016 and December 31, 2015, respectively. FNCB was not committed to lend additional funds to any loan classified as a TDR at March 31, 2016. The modification of the terms of such loans included one or a combination of the following: a reduction of the stated interest rate of the loan, an extension of the maturity date, capitalization of real estate taxes, or a permanent reduction of the recorded investment in the loan. The following table shows the pre- and post- modification recorded investment in loans modified as TDRs during the three months ended March 31, 2016 and 2015: Three Months Ended March 31, 2016 2015 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded (dollars in thousands) Contracts Investments Investments Contracts Investments Investments Troubled debt restructurings: Residential real estate - $ - $ - 2 $ 656 $ 656 Commercial real estate - - - - - - Construction, land acquisition and development - - - 1 96 96 Commercial and industrial - - - - - - Consumer - - - - - - States and political subdivisions - - - - - - Total new troubled debt restructurings - $ - $ - 3 $ 752 $ 752 There were no loans modified as TDRs during the three months ended March 31, 2016. The following table presents the types of modifications made during the three months ended March 31, 2015: Three months ended March 31, 2015 (in thousands) Extension of Term Extension of Term and Capitalization of Taxes Capitalization of Taxes Principal Forbearance Total Modifications Types of modification: Residential real estate $ 656 $ - $ - $ - $ 656 Commercial real estate - - - - - Construction, land acquisition and development 96 - - - 96 Commercial and industrial - - - - - Consumer - - - - - State and political subdivisions - - - - - Total modifications $ 752 $ - $ - $ - $ 752 The three loans modified as TDRs during the three months ended March 31, 2015 increased the ALLL by $94 thousand. There were two TDRs with recorded investments totaling $108 thousand which re-defaulted (defined as past due 90 days) during the three months ended March 31, 2016 that were restructured within the twelve months prior to such re-default. There were no TDRs which re-defaulted during the three months ended March 31, 2015. As of March 31, 2016, there were two TDRs with a recorded investment of $62 thousand that were delinquent between 30 and 89 days. There were five consumer mortgage loans secured by residential real estate properties with an aggregate recorded investment of $163 thousand that were in the process of foreclosure at March 31, 2016. There was one residential real estate property with a carrying value of $237 thousand that was foreclosed upon during the three months ended March 31, 2016. There were three residential real estate properties with an aggregate carrying value of $278 thousand included in OREO at March 31, 2016, and two residential real estate properties with an aggregate carrying value of $41 thousand included in OREO at December 31, 2015. |
Note 5 - Income Taxes
Note 5 - Income Taxes | 3 Months Ended |
Mar. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | Note 5. Income Taxes The following table presents a reconciliation between the effective income tax expense (benefit) and the income tax expense that would have been provided at the federal statutory tax rate of 34.0% for the three months ended March 31, 2016 and 2015. For the Three Months Ended March 31, 2016 2015 (in thousands) Amount % Amount % Provision at statutory tax rates $ 465 34.00 % $ 1,160 34.00 % Add (deduct): Tax effects of non-taxable income (128 ) (9.35 %) (127 ) (9.28 %) Non-deductible interest expense 2 0.15 % 2 0.15 % Bank-owned life insurance (49 ) (3.58 %) (46 ) (3.36 %) Change in valuation allowance (8 ) (0.58 %) - 0.00 % Other items, net (56 ) (4.09 %) (1,051 ) (76.77 %) Income tax provision (benefit) $ 226 16.51 % $ (62 ) (4.53 %) As of March 31, 2016, FNCB had $55.6 million of net operating loss carryovers resulting in deferred tax assets of $18.9 million. Beginning in 2030, these net operating loss carryovers will expire if not utilized. As of December 31, 2015, FNCB also had $1.0 million of charitable contribution carryovers resulting in gross deferred tax assets of $355 thousand. These charitable contribution carryovers will begin to expire after December 31, 2016 if not utilized. In addition, FNCB had alternative minimum tax (“AMT”) credit carryovers of $2.5 million as of December 31, 2015 that have an indefinite life. As of December 31, 2015, carryovers for NOLs, charitable contributions and AMT credits were $55.6 million, $1.0 million and $2.5 million, respectively. Management evaluates the carrying amount of its deferred tax assets on a quarterly basis, or more frequently, if necessary, in accordance with guidance set forth in ASC Topic 740 “Income Taxes,” and applies the criteria in the guidance to determine whether it is more likely than not that some portion, or all, of the deferred tax asset will not be realized within its life cycle, based on the weight of available evidence. In evaluating available evidence, management considers, among other factors, historical financial performance, expectation of future earnings, the ability to carry back losses to recoup taxes previously paid, length of statutory carry forward periods, experience with operating loss and tax credit carry forwards not expiring unused, tax planning strategies and timing of reversals of temporary differences. In assessing the need for a valuation allowance, management carefully weighs both positive and negative evidence currently available. The weight given to the potential effect of positive and negative evidence must be commensurate with the extent to which it can objectively verified. If management determines based on available evidence, both positive and negative, that it is more likely than not that some portion or all of the deferred tax asset will not be realized in future periods, a valuation allowance is calculated and recorded. These determinations are inherently subjective and depend upon management’s estimates and judgments used in their evaluation of both positive and negative evidence. Management performed an evaluation of FNCB’s deferred tax assets at March 31, 2016 taking into consideration all available positive and negative evidence at that time. Based on this evaluation, management believes that FNCB’s future taxable income will be sufficient to utilize deferred tax assets. Accordingly, a valuation allowance for deferred tax assets, except for the amount established for charitable contribution carryovers, was not required at March 31, 2016. Management does not believe currently that enough positive evidence exists to remove the valuation allowance associated with charitable contribution carryovers. Unlike the expiration period for net operating loss carryforwards (generally 20 years) and AMT Credit carryovers (indefinite), the expiration of an excess charitable contribution carryover occurs after the 5th succeeding tax year for which a charitable contribution is made. Because FNCB is in a net deferred tax asset position, without regard to net operating loss carryovers, the reversal of existing temporary timing differences over the next 5 years makes it more likely than not that a portion of the charitable contribution carryovers will not be recognized. Accordingly, management believes a valuation allowance continues to be appropriate strictly in the case of the excess charitable contribution carryover deferred tax asset. |
Note 6 - Related Party Transact
Note 6 - Related Party Transactions | 3 Months Ended |
Mar. 31, 2016 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | Note 6 . Related Party Transactions FNCB has engaged in and intends to continue to engage in banking and financial transactions in the conduct of its business with directors and executive officers of FNCB and their related parties. FNCB has granted loans, letters of credit and lines of credit to directors, executive officers and their related parties. The following table summarizes the changes in the total amounts of such outstanding loans, advances under lines of credit , net of any participations sold, as well as repayments during the three months ended March 31, 2016 and 2015: For the Three Months Ended March 31, (in thousands) 2016 2015 Balance January 1, $ 52,652 $ 36,783 Additions, new loans and advances 5,995 23,888 Repayments (14,681 ) (18,407 ) Balance March 31, $ 43,966 $ 42,264 At March 31, 2016, there were no loans made to directors, executive officers and their related parties that were not performing in accordance with the terms of the loan agreements . Previously included in related party loans was a commercial line of credit with a company owned by a director that was paid off during the three months ended March 31, 2016. The aggregate balance outstanding for this loan was $11.0 million at December 31, 2015. FNCB had sold a participation interest in this line to the same director in the amount of $5.2 million, of which $4.4 million was outstanding at December 31, 2015. FNCB had received a 25 basis point annual servicing fee from this director on the participation balance. Deposits from directors, executive officers and their related parties held by FNCB at March 31, 2016 and December 31, 2015 amounted to $98.8 million and $106.1 million, respectively. Interest paid on the deposits amounted to $43 thousand and $36 thousand for the three months ended on March 31, 2016 and 2015, respectively. In the course of its operations, FNCB acquires goods and services from and transacts business with various companies of related parties, which include, but are not limited to, employee health insurance, fidelity bond and errors and omissions insurance, legal services, and repair of repossessed automobiles for resale. FNCB recorded payments to related parties for goods and services of $435 thousand and $406 thousand for the three months ended March 31, 2016 and 2015, respectively. Subordinated notes (the “Notes”) held by directors and/or their related parties totaled $8.6 million at both March 31, 2016 and December 31, 2015 . For the three months ended March 31, 2016, FNCB paid the quarterly interest payment due on the Notes for the period of December 1, 2015 through February 29, 2016, totaling $159 thousand, of which $98 thousand was paid to directors and/or their related interests. On January 29, 2016, FNCB also announced that all previously deferred and accrued interest on the Notes for the period September 1, 2010 through May 31, 2015 would be paid. On March 1, 2016, FNCB paid all deferred interest, totaling $10.8 million, of which $3.9 million was paid to directors and/or their related interests. There were no interest payments made to directors and/or their related interests for the three months ended March 31, 2015. |
Note 7 - Contingencies
Note 7 - Contingencies | 3 Months Ended |
Mar. 31, 2016 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | Note 7 . Contingencies On May 24, 2012, a putative shareholder filed a complaint in the Court of Common Pleas for Lackawanna County (“Shareholder Derivative Suit”) against certain present and former directors and officers of FNCB (the “Individual Defendants”) alleging, inter alia, breach of fiduciary duty, abuse of control, corporate waste, and unjust enrichment. FNCB was named as a nominal defendant. The parties to the Shareholder Derivative Suit commenced settlement discussions and on December 18, 2013, the Court entered an Order Granting Preliminary Approval of Proposed Settlement subject to notice to shareholders. On February 4, 2014, the Court issued a Final Order and Judgment for the matter granting approval of a Stipulation of Settlement (the “Settlement”) and dismissing all claims against FNCB and the Individual Defendants. As part of the Settlement, there was no admission of liability by the Individual Defendants. Pursuant to the Settlement, the Individual Defendants, without admitting any fault, wrongdoing or liability, agreed to settle the derivative litigation for $5.0 million. The $5.0 million Settlement payment was made to FNCB on March 28, 2014. The Individual Defendants reserved their rights to indemnification under FNCB’s Articles of Incorporation and Bylaws, resolutions adopted by the Board, the Pennsylvania Business Corporation Law and any and all rights they have against the Company’s and the Bank’s insurance carriers. In addition, in conjunction with the Settlement, FNCB accrued $2.5 million related to fees and costs of the plaintiff’s attorneys, which was included in non-interest expense in the Consolidated Statements of Income for the year ended December 31, 2013. On April 1, 2014, FNCB paid the $2.5 million related to fees and costs of the plaintiff’s attorneys and partial indemnification of the Individual Defendants in the amount of $2.5 million, and as such, as of March 31, 2016 $2.5 million plus accrued interest remains accrued in other liabilities related to the potential indemnification of the Individual Defendants. On September 5, 2012, Fidelity and Deposit Company of Maryland (“F&D”) filed an action against the Company and the Bank, as well as several current and former officers and directors of FNCB, in the United States District Court for the Middle District of Pennsylvania. F&D has asserted a claim for the rescission of a directors’ and officers’ insurance policy and a bond that it had issued to FNCB. On November 9, 2012, the Company and the Bank answered the claim and asserted counterclaims for the losses and expenses already incurred by the Company and the Bank. FNCB and the other defendants are defending the claims and have opposed F&D’s requested relief by way of counterclaims, breaches of contract and bad faith claims against F&D for its failure to fulfill its obligations to the Company and the Bank under the insurance policy. At this time, the matter is in the discovery stage and FNCB cannot reasonably determine the outcome or potential range of loss, if any, in connection with this matter. On August 13, 2013, Steven Antonik, individually, as Administrator of the Estate of Linda Kluska, William R. Howells, and Louise A. Howells, on behalf of themselves and others similarly situated, filed a consumer protection class action against the Company and Bank in the Lackawanna County Court of Common Pleas, seeking equitable, injunction and monetary relief to address an alleged pattern and practice of wrong doing by the Bank relating to the repossession and sale of the Plaintiffs’ and class members’ financed motor vehicles. On December 17, 2015, the Honorable Margaret Moyle entered an Order outlining the primary terms of a tentative agreement to settle this matter, pending a finalized, more-detailed settlement agreement, class notice and a class fairness hearing, said Order covering both this matter and the matter involving Plaintiff Charles Saxe, III individually and on behalf of all others similarly situated. The primary terms of the tentative agreement to settle are 1) Defendants to pay the Plaintiffs’ class members, which the Defendants have stated are approximately 430 members, the total sum of $750,000; 2) Plaintiffs will release all claims against Defendants; 3) Defendants will remove to vacate any judgements against any class members arising from the vehicle loans that are the subject of these actions; 4) Defendants will remove the trade line on each class member’s credit report associated with the subject vehicle loans that are at issue in these actions for Experian, Equifax and TransUnion, providing Plaintiffs’ counsel with verification of such; 5) Defendants will verify that the aggregate amount received from class members by Defendants and its agents during the alleged unjust enrichment class period does not exceed $45,000; and 6) Defendants will waive the disputed deficiency balances relating to the subject loans of each class member and agree not to issue IRS Forms 1099-C in connection with these deficiency waivers or to sell, assign , or otherwise collect on the alleged deficiencies. On September 17, 2013, Charles Saxe, III individually and on behalf of all others similarly situated filed a consumer class action against the Bank in the Lackawanna County Court of Common Pleas alleging violations of the Pennsylvania Uniform Commercial Code in connection with the repossession and resale of financed vehicles. On December 17, 2015 the Honorable Margaret Moyle entered an Order outlining the primary terms of a tentative agreement to settle this matter, pending a finalized, more-detailed settlement agreement, class notice and a class fairness hearing, said Order covering both this matter and the matter involving Plaintiffs Steven Antonik, individually, as Administrator of the Estate of Linda Kluska, William R. Howells, and Louise A. Howells, on behalf of themselves and all others similarly situated. The primary terms of the tentative agreement to settle are 1) Defendants to pay the Plaintiffs’ class members, which the Defendants have stated are approximately 430 members, the total sum of $750,000; 2) Plaintiffs will release all claims against Defendants; 3) Defendants will remove to vacate any judgements against any class members arising from the vehicle loans that are the subject of these actions; 4) Defendants will remove the trade line on each class member’s credit report associated with the subject vehicle loans that are at issue in these actions for Experian, Equifax and TransUnion, providing Plaintiffs’ counsel with verification of such; 5) Defendants will verify that the aggregate amount received from class members by Defendants and its agents during the alleged unjust enrichment class period does not exceed $45,000; and 6) Defendants will waive the disputed deficiency balances relating to the subject loans of each class member and agree not to issue IRS Forms 1099-C in connection with these deficiency waivers or to sell, assign , or otherwise collect on the alleged deficiencies. FNCB has been subject to tax audits and is also a party to routine litigation involving various aspects of its business, such as employment practice claims, claims to enforce liens, condemnation proceedings on properties in which FNCB holds security interests, claims involving the making and servicing of real property loans and other issues incident to its business, none of which has or is expected to have a material adverse impact on the consolidated financial condition, results of operations or liquidity of FNCB. There have been no changes in the status of the other litigation disclosed in FNCB’s Annual Report on Form 10-K for the year ended December 31, 2015. |
Note 8 - Stock Compensation Pla
Note 8 - Stock Compensation Plans | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 8 . Stock Compensation Plans On August 30, 2000, FNCB’s Board adopted the 2000 Employee Stock Incentive Plan (the “Stock Incentive Plan”) in which options may be granted to key officers and other employees of FNCB. The aggregate number of shares which may be issued upon exercise of the options under the plan cannot exceed 1,100,000 shares. Options and rights granted under the Stock Incentive Plan became exercisable six months after the date the options are awarded and expire ten years after the award date. Upon exercise, the shares are issued from FNCB’s authorized but unissued stock. The Stock Incentive Plan expired on August 30, 2010. Therefore, no further grants will be made under the plan. No compensation expense related to options under either the Stock Incentive Plan was required to be recorded in the three months ended March 31, 2016 and 2015. There have been no changes to the status of FNCB’s Stock Incentive Plan as of or for the three months ended March 31, 2016. For additional information related to the Stock Incentive Plan refer to Note 16 to the consolidated financial statements included in FNCB’s Annual Report on Form 10-K for the year ended December 31, 2015. On October 23, 2013, the Board of Directors adopted a Long Term Incentive Compensation Plan (“LTIP”) that is designed to reward executives and key employees for their contributions to the long-term success of FNCB, primarily as measured by the increase in FNCB’s stock price. The LTIP authorizes up to 1,200,000 shares of common stock for issuance and provides the Board with the authority to offer several different types of long-term incentives, including stock options, stock appreciation rights, restricted stock, restricted stock units, performance units and performance shares. The Board approved initial awards under the terms of the LTIP, which were granted to executives and key employees on March 1, 2014. The initial grant was comprised solely of 45,750 shares of restricted stock. On March 1, 2015, an additional 84,900 shares of restricted stock were awarded under the LTIP. On March 1, 2016, an additional 67,600 shares were awarded under the LTIP. At March 31, 2016, there were 1,002,916 shares of common stock available for award under the LTIP. For the three months ended March 31, 2016 and 2015, stock-based compensation expense, which is included in salaries and employee benefits expense in the Consolidated Statements of Income, totaled $30 thousand and $41 thousand. Total unrecognized compensation expense related to unvested restricted stock awards was $747 thousand and $659 thousand at March 31, 2016 and 2015, respectively. The following table summarizes the activity related to FNCB’s unvested restricted stock awards during the three months ended March 31, 2016 and 2015: Three Months Ended March 31, Three Months Ended March 31, 2016 2015 Weighted- Weighted- Average Average Restricted Grant Date Restricted Grant Date Shares Fair Value Shares Fair Value Unvested at January 1, 112,958 $ 5.99 45,750 $ 6.70 Awards granted 67,600 5.53 84,900 5.75 Forfeitures - - (333 ) 6.70 Vestings (16,187 ) 6.70 (16,526 ) 6.70 Unvested at March 31, 164,371 $ 5.73 113,791 $ 5.99 |
Note 9 - Regulatory Matters
Note 9 - Regulatory Matters | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | Note 9 . Regulatory Matters FNCB’s ability to pay dividends to its shareholders is largely dependent on the Bank’s ability to pay dividends to FNCB. Bank regulations limit the amount of dividends that may be paid without prior approval of the Bank’s regulatory agency. Furthermore, while under the Order and Agreement, the Bank and FNCB were previously restricted from paying any dividends without the prior approval of their respective regulators and accordingly did not pay dividends from 2010 through 2015. On January 27, 2016, FNCB declared a $0.02 per share cash dividend that was paid on March 15, 2016 to shareholders of record as of March 1, 2016. Additionally, on April 27, 2016, FNCB declared a cash dividend for the second quarter of 2016 of $0.02 per share, which is payable on June 15, 2016 to shareholders of record as of June 1, 2016, and announced that the Board of Directors approved the reinstatement of the Dividend Reinvestment and Stock Purchase Plan effective June 1, 2016. On February 26, 2016, the Bank filed an application with the Pennsylvania Department of Banking and Securities to convert from an OCC-chartered banking institution to a Pennsylvania state-chartered institution and has notified the OCC and the FDIC of its intent. If and when the conversion application is approved, the primary banking regulators of the Bank would become the Pennsylvania Department of Banking and Securities and the FDIC. FNCB at the holding company level would continue to be regulated by the Federal Reserve. There can be no assurance as the ability and timing to obtain requisite approvals of the foregoing conversion application. FNCB is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material adverse effect on FNCB’s financial statements. Specifically, FNCB is subject to the Basel III capital framework for U.S. banking organizations (the “Regulatory Capital Rules”) which implemented regulatory capital reforms and changes required by the Dodd-Frank Act. The Regulatory Capital Rules became effective for FNCB and the Bank on January 1, 2015 and are subject to transitional provisions extending to January 1, 2019. The Regulatory Capital Rules include new risk-based capital and leverage ratios and refine the definition of what constitutes “capital” for purposes of calculating those ratios. The new minimum capital level requirements applicable to FNCB and the Bank under the Regulatory Capital Rules are: ● a total risk-based capital ratio of 8.00% (unchanged from current rules); ● a Tier I risk-based capital ratio of 6.00% (increased from 4.00%); ● a new common equity Tier I risk-based capital ratio of 4.50%; and ● a Tier I capital to average assets (“Tier I leverage ratio”) of 4.00% for all institutions. Under the Regulatory Capital Rules, in order to avoid limitations on capital distributions (including dividend payments and certain discretionary bonus payments to executive officers), a banking organization must hold a capital conservation buffer comprised of common equity Tier I capital above its minimum risk-based capital requirements in an amount greater than 2.5% of total risk-weighted assets. The capital conservation buffer, which is composed of common equity Tier I capital, began on January 1, 2016 at the 0.625% level and will be phased in over a three year period (increasing by that amount on each January 1, until it reaches 2.5% on January 1, 2019). Implementation of the deductions and other adjustments to common equity Tier I capital began on January 1, 2015 and will be phased-in over a three-year period (beginning at 40% on January 1, 2015, 60% on January 1, 2016 and an additional 20% per year thereafter). FNCB and the Bank were in full compliance with the additional capital conservation buffer requirement at March 31, 2016. The following tables present summary information regarding FNCB’s and the Bank’s risk-based capital and related ratios at March 31, 2016 and December 31, 2015: Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer To Be Well Capitalized Under Prompt Corrective Action (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio March 31, 2016 Total capital (to risk-weighted assets) $ 93,147 11.81 % $ 100,343 12.72 % 8.00% 8.625% 10.00% Tier I capital (to risk-weighted assets) 75,864 9.62 % 91,460 11.60 % 6.00% 6.625% 8.00% Tier I common equity (to risk-weighted assets) 74,385 9.43 % 91,460 11.60 % 4.50% 5.125% 6.50% Tier I capital (to average assets) 74,385 7.08 % 91,460 8.54 % 4.00% 4.00% 5.00% Total risk-weighted assets 789,005 788,608 Total average assets 1,071,263 1,071,180 Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer To Be Well Capitalized Under Prompt Corrective Action (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio December 31, 2015 Total capital (to risk-weighted assets) $ 93,835 11.79 % $ 110,039 13.83 % 8.00% N/A 10.00% Tier I capital (to risk-weighted assets) 74,945 9.42 % 100,949 12.69 % 6.00% N/A 8.00% Tier I common equity (to risk-weighted assets) 74,945 9.42 % 100,949 12.69 % 4.50% N/A 6.50% Tier I capital (to average assets) 74,945 7.27 % 100,949 9.79 % 4.00% N/A 5.00% Total risk-weighted assets 795,887 795,490 Total average assets 1,031,426 1,030,828 |
Note 10 - Fair Value Measuremen
Note 10 - Fair Value Measurements | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | Note 10 . Fair Value Measurements In determining fair value, FNCB uses various valuation approaches, including market, income and cost approaches. Accounting standards establish a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that observable inputs be used when available. Observable inputs are inputs that market participants would use in pricing the asset or liability, which are developed based on market data obtained from sources independent of FNCB. Unobservable inputs reflect FNCB’s knowledge about the assumptions the market participants would use in pricing an asset or liability, which are developed based on the best information available in the circumstances. The fair value hierarchy gives the highest priority to unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). A financial asset or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is broken down into three levels based on the reliability of inputs as follows: ● Level 1 valuation is based upon unadjusted quoted market prices for identical instruments traded in active markets. ● Level 2 valuation is based upon quoted market prices for similar instruments traded in active markets, quoted market prices for identical or similar instruments traded in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by market data; and ● Level 3 valuation is derived from other valuation methodologies including discounted cash flow models and similar techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in determining fair value. A description of the valuation methodologies used for assets recorded at fair value, and for estimating fair value of financial instruments not recorded at fair value, is set forth below. Cash, Short-term Investments, Accrued Interest Receivable and Accrued Interest Payable For these short-term instruments, the carrying amount is a reasonable estimate of fair value. Securities The estimated fair values of available-for-sale equity securities are determined by obtaining quoted prices on nationally recognized exchanges (Level 1 inputs). The estimated fair values for FNCB’s investments in obligations of U.S. government agencies, obligations of state and political subdivisions, government-sponsored agency CMOs and residential mortgage-backed securities, corporate debt securities and negotiable certificates of deposit are obtained by FNCB from a nationally-recognized pricing service. This pricing service develops estimated fair values by analyzing like securities and applying available market information through processes such as benchmark curves, benchmarking of like securities, sector groupings and matrix pricing (Level 2 inputs), to prepare valuations. Matrix pricing is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted securities. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the bond’s terms and conditions, among other things and are based on market data obtained from sources independent from FNCB. The Level 2 investments in FNCB’s portfolio are priced using those inputs that, based on the analysis prepared by the pricing service, reflect the assumptions that market participants would use to price the assets. FNCB has determined that the Level 2 designation is appropriate for these securities because, as with most fixed-income securities, those in FNCB’s portfolio are not exchange-traded, and such non-exchange-traded fixed income securities are typically priced by correlation to observed market data. FNCB has reviewed the pricing service’s methodology to confirm its understanding that such methodology results in a valuation based on quoted market prices for similar instruments traded in active markets, quoted markets for identical or similar instruments traded in markets that are not active and model-based valuation techniques for which the significant assumptions can be corroborated by market data as appropriate to a Level 2 designation. For those securities for which the inputs used by an independent pricing service were derived from unobservable market information (Level 3 inputs), FNCB evaluates the appropriateness and quality of each price. FNCB reviews the volume and level of activity for all classes of securities and attempts to identify transactions which may not be orderly or reflective of a significant level of activity and volume. For securities meeting these criteria, the quoted prices received from either market participants or an independent pricing service may be adjusted, as necessary, to estimate fair value. If applicable, the adjustment to fair value was derived based on present value cash flow model projections prepared by FNCB or obtained from third party providers utilizing assumptions similar to those incorporated by market participants. FNCB did not own any securities for which fair value was determined using Level 3 inputs at March 31, 2016 and December 31, 2015. Loans Except for collateral dependent impaired loans, fair values of loans are estimated by discounting the projected future cash flows using market discount rates that reflect the credit, liquidity, and interest rate risk inherent in the loan. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. The estimated fair value of collateral dependent impaired loans is based on the appraised loan value or other reasonable offers less estimated costs to sell. FNCB does not record loans at fair value on a recurring basis. However from time to time, a loan is considered impaired and an allowance for credit losses is established. The specific reserves for collateral dependent impaired loans are based on the fair value of the collateral less estimated costs to sell. The fair value of the collateral is generally based on appraisals. In some cases, adjustments are made to the appraised values due to various factors including age of the appraisal, age of comparables included in the appraisal, and known changes in the market and in the collateral. When significant adjustments are based on unobservable inputs, the resulting fair value measurement is categorized as a Level 3 measurement. Loans Held For Sale Fair values of mortgage loans held for sale are based on commitments on hand from investors or prevailing market prices. Mortgage Servicing Rights The fair value of mortgage servicing rights is estimated using a discounted cash flow model that applies current estimated prepayments derived from the mortgage-backed securities market and utilizes a current market discount rate for observable credit spreads. FNCB does not record mortgage servicing rights at fair value on a recurring basis. Restricted Stock Ownership in equity securities of FHLB of Pittsburgh and the FRB is restricted and there is no established market for their resale. The carrying amount is a reasonable estimate of fair value. Deposits The fair value of demand deposits, savings deposits, and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated based on discounted cash flows using FHLB advance rates currently offered for similar remaining maturities. Borrowed F unds FNCB uses discounted cash flows using rates currently available for debt with similar terms and remaining maturities to estimate fair value. Commitments to Extend Credit and Standby Letters of C redit The fair value of commitments to extend credit and standby letters of credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of off-balance sheet commitments is insignificant and therefore not included in the table for non-recurring assets and liabilities. Assets M easured at Fair Value on a R ecurring B asis The following tables present the financial assets that are measured at fair value on a recurring basis at March 31, 2016 and December 31, 2015, and the fair value hierarchy of the respective valuation techniques utilized by FNCB to determine the fair value: Fair Value Measurements at March 31, 2016 (in thousands) Fair Value Quoted Prices (Level 1) Significant Significant Available-for-sale securities: Obligations of U.S. government agencies $ 38,916 $ - $ 38,916 $ - Obligations of state and political subdivisions 87,558 - 87,558 - U.S. government/ government-sponsored agencies: Collateralized mortgage obligations - residential 21,859 - 21,859 - Collateralized mortgage obligations - commercial 92,070 - 92,070 - Residential mortgage-backed securities 18,552 - 18,552 - Corporate debt securities 387 - 387 - Negotiable certificates of deposit 3,222 - 3,222 - Equity securities 959 959 - - Total available-for-sale securities $ 263,523 $ 959 $ 262,564 $ - Fair Value Measurements at December 31, 2015 (in thousands) Fair Value Quoted Prices (Level 1) Significant (Level 2) Significant (Level 3) Available-for-sale securities: Obligations of U.S. government agencies $ 44,043 $ - $ 44,043 $ - Obligations of state and political subdivisions 75,407 - 75,407 - U.S. government/ government-sponsored agencies: Collateralized mortgage obligations - residential 22,269 - 22,269 - Collateralized mortgage obligations - commercial 89,423 - 89,423 - Residential mortgage-backed securities 18,098 - 18,098 - Corporate debt securities 423 - 423 - Negotiable certificates of deposit 3,162 - 3,162 - Equity securities 948 948 - - Total available-for-sale securities $ 253,773 $ 948 $ 252,825 $ - There were no transfers between levels within the fair value hierarchy during the three months ended March 31, 2016 and 2015. Assets M easured at Fair Value on a N on- R ecurring B asis The following tables present assets and liabilities measured at fair value on a non-recurring basis at March 31, 2016 and December 31, 2015, and additional quantitative information about the valuation techniques and inputs utilized by FNCB to determine fair value. All assets were measured using Level 3 inputs. March 31, 2016 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 503 $ 84 $ 419 Appraisal of collateral Selling cost 10.0% Impaired loans - other 3,185 250 2,935 Discounted cash flows Discount rate 3.0% - 7.5% Other real estate owned - - - Appraisal of collateral Selling cost 10.0% March 31, 2015 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 718 $ 124 $ 594 Appraisal of collateral Selling cost 10.0% Impaired loans - other 3,757 257 3,500 Discounted cash flows Discount rate 3.0% - 7.5% Other real estate owned 3,104 - 3,104 Appraisal of collateral Selling cost 10.0% The fair value of collateral-dependent impaired loans is determined through independent appraisals or other reasonable offers, which generally include various Level 3 inputs which are not identifiable. Management reduces the appraised value by the estimated costs to sell the property and may make adjustments to the appraised values as necessary to consider any declines in real estate values since the time of the appraisal. For impaired loans that are not collateral-dependent, fair value is determined using the discounted cash flow method. When the measure of the impaired loan is less than the recorded investment in the loan, the impairment is recorded through a valuation allowance or is charged off. The amount shown is the balance of impaired loans, net of any charge-offs and the related allowance for loan losses. OREO properties are recorded at fair value less the estimated cost to sell at the date of FNCB’s acquisition of the property. Subsequent to acquisition of the property, the balance may be written down further. It is FNCB’s policy to obtain certified external appraisals of real estate collateral underlying impaired loans and OREO, and estimate fair value using those appraisals. Other valuation sources may be used, including broker price opinions, letters of intent and executed sale agreements. The following table summarizes the estimated fair values of FNCB’s financial instruments at March 31, 2016 and at December 31, 2015. FNCB discloses fair value information about financial instruments, whether or not recognized in the Statement of Financial Condition, for which it is practicable to estimate that value. The following estimated fair value amounts have been determined using available market information and appropriate valuation methodologies. However, management judgment is required to interpret data and develop fair value estimates. Accordingly, the estimates below are not necessarily indicative of the amounts FNCB could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. Fair Value March 31, 2016 December 31, 2015 (in thousands) Measurement Carrying Value Fair Value Carrying Value Fair Value Financial assets Cash and short term investments Level 1 $ 18,214 $ 18,214 $ 21,083 $ 21,083 Securities available for sale See previous table 263,523 263,523 253,773 253,773 FHLB and FRB Stock Level 2 5,283 5,283 7,695 7,695 Loans held for sale Level 2 455 455 683 683 Loans, net Level 3 719,523 716,554 724,926 716,412 Accrued interest receivable Level 2 2,854 2,854 2,475 2,475 Mortgage servicing rights Level 3 227 817 240 880 Financial liabilities Deposits Level 2 883,125 872,592 821,546 798,466 Borrowed funds Level 2 98,621 99,279 160,112 160,266 Accrued interest payable Level 2 333 333 11,165 11,165 |
Note 11 - Earnings Per Share
Note 11 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Note 11 . Earnings per Share The numerator of both the basic and diluted earnings per common share is net income available to common shareholders (which is equal to net income less dividends on preferred stock and related discount accretion). The weighted average number of common shares outstanding used in the denominator for basic earnings per common share is increased to determine the denominator used for diluted earnings per common share by the effect of potentially dilutive common share equivalents utilizing the treasury stock method. For FNCB, common share equivalents are outstanding stock options to purchase the Company’s common shares and unvested restricted stock. The following table presents the calculation of both basic and diluted earnings per common share for the three months ended March 31, 2016 and 2015: Three months ended March 31, (in thousands, except share data) 2016 2015 Net income $ 1,143 $ 3,475 Basic weighted-average number of common shares outstanding 16,519,759 16,490,111 Plus: Common share equivalents - - Diluted weighted-average number of common shares outstanding 16,519,759 16,490,111 Income per common share: Basic $ 0.07 $ 0.21 Diluted $ 0.07 $ 0.21 There were no common share equivalents for the three months ended March 31, 2016 or 2015, as the weighted-average price of FNCB’s common stock was below the fair value on the grant dates. Stock options of 50,746 and 64,479 for the three months ended March 31, 2016 and 2015, respectively, were excluded from common share equivalents. The exercise prices of stock options exceeded the average market price of FNCB’s common shares during the periods presented. Similarly, the weighted-average stock price for FNCB’s common stock for the three months ended March 31, 2016 exceeded the fair market value of the restricted stock at the date of grant, therefore, inclusion of these common share equivalents would be anti-dilutive to the diluted earnings per common share calculation. |
Note 12 - Other Comprehensive I
Note 12 - Other Comprehensive Income | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Comprehensive Income (Loss) Note [Text Block] | Note 12 . Other Comprehensive Income The following tables summarize the reclassifications out of accumulated other comprehensive income, which is comprised entirely of unrealized gains and losses on available-for-sale securities: Three Months Ended March 31, 2016 (in thousands) Amount Reclassifed Affected Line Item in the Available-for-sale securities: Reclassification adjustment for net gains reclassified into net income $ (103 ) Net gain on sale of securities Taxes 35 Income taxes Net of tax amount $ (68 ) Three Months Ended March 31, 2015 (in thousands) Amount Reclassifed Affected Line Item in the Available-for-sale securities: Reclassification adjustment for net gains reclassified into net income $ (2,224 ) Net gain on sale of securities Taxes 756 Income taxes Net of tax amount $ (1,468 ) The following table summarizes the changes in accumulated other comprehensive income, net of tax: Three Months Ended March 31, (in thousands) 2016 2015 Beginning balance $ (238 ) $ 1,138 Other comprehensive income before reclassifications 5,088 2,296 Amounts reclassified from accumulated other comprehensive income (68 ) (1,468 ) Net other comprehensive income during the period 5,020 828 Ending balance $ 4,782 $ 1,966 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | March 31, 2016 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale: Obligations of U.S. government agencies $ 37,698 $ 1,218 $ - $ 38,916 Obligations of state and political subdivisions 84,891 2,678 11 87,558 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 21,312 548 1 21,859 Collateralized mortgage obligations - commercial 89,617 2,453 - 92,070 Residential mortgage-backed securities 18,077 475 - 18,552 Corporate debt securities 500 - 113 387 Negotiable certificates of deposit 3,173 49 - 3,222 Equity securities 1,010 - 51 959 Total available-for-sale securities $ 256,278 $ 7,421 $ 176 $ 263,523 December 31, 2015 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale: Obligations of U.S. government agencies $ 43,787 $ 256 $ - $ 44,043 Obligations of state and political subdivisions 75,401 428 422 75,407 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 22,162 116 9 22,269 Collateralized mortgage obligations - commercial 89,900 124 601 89,423 Residential mortgage-backed securities 18,201 58 161 18,098 Corporate debt securities 500 - 77 423 Negotiable certificates of deposit 3,173 - 11 3,162 Equity securities 1,010 - 62 948 Total available-for-sale securities $ 254,134 $ 982 $ 1,343 $ 253,773 |
Investments Classified by Contractual Maturity Date [Table Text Block] | March 31, 2016 Amortized Fair (in thousands) Cost Value Amounts maturing in: One year or less $ - $ - After one year through five years 25,061 25,737 After five years through ten years 98,485 101,668 After ten years 2,716 2,678 Collateralized mortgage obligations 110,929 113,929 Residential mortgage-backed securities 18,077 18,552 Total $ 255,268 $ 262,564 |
Schedule of Unrealized Loss on Investments [Table Text Block] | March 31, 2016 Less than 12 Months 12 Months or Greater Total Number Gross Number Gross Number Gross of Fair Unrealized of Fair Unrealized of Fair Unrealized (dollars in thousands) Securities Value Losses Securities Value Losses Securities Value Losses Obligations of US government agencies - $ - $ - - $ - $ - - $ - $ - Obligations of state and policitical subdivisions - - - 1 1,507 11 1 1,507 11 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential - - - 2 488 1 2 488 1 Collateralized mortgage obligations - commercial - - - - - - - - - Residential mortgage-backed securities - - - - - - - - - Corporate debt securities - - - 1 387 113 1 387 113 Negotiable certificates of deposit - - - - - - - - - Equity securities - - - 1 949 51 1 949 51 Total - $ - $ - 5 $ 3,331 $ 176 5 $ 3,331 $ 176 December 31, 2015 Less than 12 Months 12 Months or Greater Total Number Gross Number Gross Number Gross of Fair Unrealized of Fair Unrealized of Fair Unrealized (dollars in thousands) Securities Value Losses Securities Value Losses Securities Value Losses Obligantions of U.S. government agencies - $ - $ - - $ - $ - - $ - $ - Obligations of state and policitical subdivisions 31 33,022 419 1 264 3 32 33,286 422 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 4 5,738 9 - - - 4 5,738 9 Collateralized mortgage obligations - commercial 16 67,969 601 - - - 16 67,969 601 Residential mortgage-backed securities 7 16,779 161 - - - 7 16,779 161 Corporate debt securities - - - 1 423 77 1 423 77 Negotiable certificates of deposit 12 2,913 11 - - - 12 2,913 11 Equity securities - - - 1 938 62 1 938 62 Total 70 $ 126,421 $ 1,201 3 $ 1,625 $ 142 73 $ 128,046 $ 1,343 |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, December 31, (in thousands) 2016 2015 Residential real estate $ 136,254 $ 130,696 Commercial real estate 247,867 245,198 Construction, land acquisition and development 20,432 30,843 Commercial and industrial 142,511 149,826 Consumer 128,825 128,533 State and political subdivisions 49,759 46,056 Total loans, gross 725,648 731,152 Unearned income (93 ) (98 ) Net deferred loan costs 2,603 2,662 Allowance for loan and lease losses (8,635 ) (8,790 ) Loans, net $ 719,523 $ 724,926 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Real Estate (in thousands) Residential Commercial Construction, Commercial Consumer State and Unallocated Total Three months ended March 31, 2016: Allowance for loan losses: Beginning balance, January 1, 2016 $ 1,333 $ 3,346 $ 853 $ 1,205 $ 1,494 $ 485 $ 74 $ 8,790 Charge-offs (24 ) (251 ) - (568 ) (305 ) - - (1,148 ) Recoveries 1 1 - 94 201 - - 297 Provisions (credits) (100 ) 195 (200 ) 591 (11 ) 295 (74 ) 696 Ending balance, March 31, 2016 $ 1,210 $ 3,291 $ 653 $ 1,322 $ 1,379 $ 780 $ - $ 8,635 Three months ended March 31, 2015: Allowance for loan losses: Beginning balance, January 1, 2015 $ 1,772 $ 4,663 $ 665 $ 2,104 $ 1,673 $ 598 $ 45 $ 11,520 Charge-offs (68 ) - - (70 ) (139 ) - - (277 ) Recoveries 6 2 - 65 122 - - 195 Provisions (credits) (179 ) (334 ) 99 (101 ) 42 (15 ) (6 ) (494 ) Ending balance, March 31, 2015 $ 1,531 $ 4,331 $ 764 $ 1,998 $ 1,698 $ 583 $ 39 $ 10,944 Real Estate (in thousands) Residential Commercial Construction, Commercial Consumer State and Unallocated Total March 31, 2016 Allowance for loan losses: Individually evaluated for impairment $ 54 $ 279 $ - $ - $ 1 $ - $ - $ 334 Collectively evaluated for impairment 1,156 3,012 653 1,322 1,378 780 - 8,301 Total $ 1,210 $ 3,291 $ 653 $ 1,322 $ 1,379 $ 780 $ - $ 8,635 Loans receivable: Individually evaluated for impairment $ 2,741 $ 3,749 $ 443 $ 199 $ 301 $ - $ - $ 7,433 Collectively evaluated for impairment 133,513 244,118 19,989 142,312 128,524 49,759 - 718,215 Total $ 136,254 $ 247,867 $ 20,432 $ 142,511 $ 128,825 $ 49,759 $ - $ 725,648 December 31, 2015 Allowance for loan losses: Individually evaluated for impairment $ 92 $ 287 $ 1 $ - $ 1 $ - $ - $ 381 Collectively evaluated for impairment 1,241 3,059 852 1,205 1,493 485 74 8,409 Total $ 1,333 $ 3,346 $ 853 $ 1,205 $ 1,494 $ 485 $ 74 $ 8,790 Loans receivable: Individually evaluated for impairment $ 2,930 $ 3,831 $ 646 $ 203 $ 351 $ - $ - $ 7,961 Collectively evaluated for impairment 127,766 241,367 30,197 149,623 128,182 46,056 - 723,191 Total $ 130,696 $ 245,198 $ 30,843 $ 149,826 $ 128,533 $ 46,056 $ - $ 731,152 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Credit Quality Indicators March 31, 2016 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 24,378 $ 390 $ 1,015 $ - $ - $ 25,783 $ 109,545 $ 926 $ 110,471 $ 136,254 Commercial real estate 229,731 9,989 8,147 - - 247,867 - - - 247,867 Construction, land acquisition and development 13,496 355 4,799 - - 18,650 1,782 - 1,782 20,432 Commercial and industrial 134,559 998 2,025 - - 137,582 4,924 5 4,929 142,511 Consumer 4,904 5 39 - - 4,948 123,580 297 123,877 128,825 State and political subdivisions 43,374 5,947 438 - - 49,759 - - - 49,759 Total $ 450,442 $ 17,684 $ 16,463 $ - $ - $ 484,589 $ 239,831 $ 1,228 $ 241,059 $ 725,648 Credit Quality Indicators December 31, 2015 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 21,018 $ 449 $ 984 $ - $ - $ 22,451 $ 107,204 $ 1,041 $ 108,245 $ 130,696 Commercial real estate 225,850 11,356 7,992 - - 245,198 - - - 245,198 Construction, land acquisition and development 23,946 358 5,137 - - 29,441 1,402 - 1,402 30,843 Commercial and industrial 142,242 595 2,209 - - 145,046 4,775 5 4,780 149,826 Consumer 2,747 9 39 - - 2,795 125,392 346 125,738 128,533 State and political subdivisions 45,464 120 472 - - 46,056 - - - 46,056 Total $ 461,267 $ 12,887 $ 16,833 $ - $ - $ 490,987 $ 238,773 $ 1,392 $ 240,165 $ 731,152 |
Past Due Financing Receivables [Table Text Block] | March 31, 2016 Delinquency Status 0-29 Days 30-59 Days 60-89 Days >/= 90 Days (in thousands) Past Due Past Due Past Due Past Due Total Performing (accruing) loans: Real estate: Residential real estate $ 134,780 $ 333 $ - $ - $ 135,113 Commercial real estate 245,591 28 610 - 246,229 Construction, land acquisition and development 20,095 6 - - 20,101 Total real estate 400,466 367 610 - 401,443 Commercial and industrial 141,876 473 - - 142,349 Consumer 127,637 725 166 - 128,528 State and political subdivisions 49,759 - - - 49,759 Total performing (accruing) loans 719,738 1,565 776 - 722,079 Non-accrual loans: Real estate: Residential real estate 277 146 108 610 1,141 Commercial real estate 1,496 30 112 - 1,638 Construction, land aquisition and development 331 - - - 331 Total real estate 2,104 176 220 610 3,110 Commercial and industrial 97 - - 65 162 Consumer 106 35 47 109 297 State and political subdivisions - - - - - Total non-accrual loans 2,307 211 267 784 3,569 Total loans receivable $ 722,045 $ 1,776 $ 1,043 $ 784 $ 725,648 December 31, 2015 Delinquency Status 0-29 Days 30-59 Days 60-89 Days >/= 90 Days (in thousands) Past Due Past Due Past Due Past Due Total Performing (accruing) loans: Real estate: Residential real estate $ 129,206 $ 51 $ 225 $ - $ 129,482 Commercial real estate 243,168 53 286 - 243,507 Construction, land acquisition and development 30,475 26 - - 30,501 Total real estate 402,849 130 511 - 403,490 Commercial and industrial 149,329 236 66 - 149,631 Consumer 126,760 994 433 - 128,187 State and political subdivisions 46,056 - - - 46,056 Total peforming (accruing) loans 724,994 1,360 1,010 - 727,364 Non-accrual loans: Real estate: Residential real estate 923 99 44 148 1,214 Commercial real estate 1,576 - 115 - 1,691 Construction, land acquisition and development 342 - - - 342 Total real estate 2,841 99 159 148 3,247 Commercial and industrial 98 - - 97 195 Consumer 69 21 3 253 346 State and political subdivisions - - - - - Total non-accrual loans 3,008 120 162 498 3,788 Total loans receivable $ 728,002 $ 1,480 $ 1,172 $ 498 $ 731,152 |
Impaired Financing Receivables [Table Text Block] | March 31, 2016 Unpaid Recorded Principal Related (in thousands) Recorded Investment Balance Related Allowance With no allowance recorded: Real estate: Residential real estate $ 1,301 $ 1,400 $ - Commercial real estate 1,802 2,841 - Construction, land acquisition and development 443 826 - Total real estate loans 3,546 5,067 - Commercial and industrial 199 232 - Consumer - - - State and political subdivisions - - - Total impaired loans with no related allowance recorded 3,745 5,299 - With a related allowance recorded: Real estate: Residential real estate 1,440 1,440 54 Commercial real estate 1,947 1,947 279 Construction, land acquisition and development - - - Total real estate loans 3,387 3,387 333 Commercial and industrial - - - Consumer 301 301 1 State and political subdivisions - - - Total impaired loans with a related allowance recorded 3,688 3,688 334 Total impaired loans: Real estate: Residential real estate 2,741 2,840 54 Commercial real estate 3,749 4,788 279 Construction, land acquisition and development 443 826 - Total real estate loans 6,933 8,454 333 Commercial and industrial 199 232 - Consumer 301 301 1 State and political subdivisions - - - Total impaired loans $ 7,433 $ 8,987 $ 334 December 31, 2015 Unpaid Recorded Principal Related (in thousands) Investment Balance Allowance With no allowance recorded: Real estate: Residential real estate $ 1,042 $ 1,138 $ - Commercial real estate 1,850 2,868 - Construction, land acquisition and development 470 844 - Total real estate loans 3,362 4,850 - Commercial and industrial 124 156 - Consumer - - - State and political subdivisions - - - Total impaired loans with no related allowance recorded 3,486 5,006 - With a related allowance recorded: Real estate: Residential real estate 1,888 1,888 92 Commercial real estate 1,981 1,981 287 Construction, land acquisition and development 176 176 1 Total real estate loans 4,045 4,045 380 Commercial and industrial 79 79 - Consumer 351 351 1 State and political subdivisions - - - Total impaired loans with a related allowance recorded 4,475 4,475 381 Total impaired loans: Real estate: Residential real estate 2,930 3,026 92 Commercial real estate 3,831 4,849 287 Construction, land acquisition and development 646 1,020 1 Total real estate loans 7,407 8,895 380 Commercial and industrial 203 235 - Consumer 351 351 1 State and political subdivisions - - - Total impaired loans $ 7,961 $ 9,481 $ 381 |
Schedule of Average Balance and Interest Income On Impaired Loans [Table Text Block] | Three Months Ended March 31, 2016 2015 (in thousands) Average Balance Interest Income (1) Average Balance Interest Income (1) Real estate: Residential real estate $ 2,876 $ 26 $ 2,897 $ 33 Commercial real estate 3,782 23 6,567 30 Construction, land acquisition and development 566 3 349 4 Total real estate 7,224 52 9,813 67 Commercial and industrial 201 1 31 - Consumer 350 3 359 3 State and political subdivisions - - - - Total impaired loans $ 7,775 $ 56 $ 10,203 $ 70 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Three Months Ended March 31, 2016 2015 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded (dollars in thousands) Contracts Investments Investments Contracts Investments Investments Troubled debt restructurings: Residential real estate - $ - $ - 2 $ 656 $ 656 Commercial real estate - - - - - - Construction, land acquisition and development - - - 1 96 96 Commercial and industrial - - - - - - Consumer - - - - - - States and political subdivisions - - - - - - Total new troubled debt restructurings - $ - $ - 3 $ 752 $ 752 |
Schedule of Types of Modifications of Troubled Debt Restructurings On Financing Receivables [Table Text Block] | Three months ended March 31, 2015 (in thousands) Extension of Term Extension of Term and Capitalization of Taxes Capitalization of Taxes Principal Forbearance Total Modifications Types of modification: Residential real estate $ 656 $ - $ - $ - $ 656 Commercial real estate - - - - - Construction, land acquisition and development 96 - - - 96 Commercial and industrial - - - - - Consumer - - - - - State and political subdivisions - - - - - Total modifications $ 752 $ - $ - $ - $ 752 |
Note 5 - Income Taxes (Tables)
Note 5 - Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | For the Three Months Ended March 31, 2016 2015 (in thousands) Amount % Amount % Provision at statutory tax rates $ 465 34.00 % $ 1,160 34.00 % Add (deduct): Tax effects of non-taxable income (128 ) (9.35 %) (127 ) (9.28 %) Non-deductible interest expense 2 0.15 % 2 0.15 % Bank-owned life insurance (49 ) (3.58 %) (46 ) (3.36 %) Change in valuation allowance (8 ) (0.58 %) - 0.00 % Other items, net (56 ) (4.09 %) (1,051 ) (76.77 %) Income tax provision (benefit) $ 226 16.51 % $ (62 ) (4.53 %) |
Note 6 - Related Party Transa24
Note 6 - Related Party Transactions (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions [Table Text Block] | For the Three Months Ended March 31, (in thousands) 2016 2015 Balance January 1, $ 52,652 $ 36,783 Additions, new loans and advances 5,995 23,888 Repayments (14,681 ) (18,407 ) Balance March 31, $ 43,966 $ 42,264 |
Note 8 - Stock Compensation P25
Note 8 - Stock Compensation Plans (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Three Months Ended March 31, Three Months Ended March 31, 2016 2015 Weighted- Weighted- Average Average Restricted Grant Date Restricted Grant Date Shares Fair Value Shares Fair Value Unvested at January 1, 112,958 $ 5.99 45,750 $ 6.70 Awards granted 67,600 5.53 84,900 5.75 Forfeitures - - (333 ) 6.70 Vestings (16,187 ) 6.70 (16,526 ) 6.70 Unvested at March 31, 164,371 $ 5.73 113,791 $ 5.99 |
Note 9 - Regulatory Matters (Ta
Note 9 - Regulatory Matters (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer To Be Well Capitalized Under Prompt Corrective Action (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio March 31, 2016 Total capital (to risk-weighted assets) $ 93,147 11.81 % $ 100,343 12.72 % 8.00% 8.625% 10.00% Tier I capital (to risk-weighted assets) 75,864 9.62 % 91,460 11.60 % 6.00% 6.625% 8.00% Tier I common equity (to risk-weighted assets) 74,385 9.43 % 91,460 11.60 % 4.50% 5.125% 6.50% Tier I capital (to average assets) 74,385 7.08 % 91,460 8.54 % 4.00% 4.00% 5.00% Total risk-weighted assets 789,005 788,608 Total average assets 1,071,263 1,071,180 Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer To Be Well Capitalized Under Prompt Corrective Action (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio December 31, 2015 Total capital (to risk-weighted assets) $ 93,835 11.79 % $ 110,039 13.83 % 8.00% N/A 10.00% Tier I capital (to risk-weighted assets) 74,945 9.42 % 100,949 12.69 % 6.00% N/A 8.00% Tier I common equity (to risk-weighted assets) 74,945 9.42 % 100,949 12.69 % 4.50% N/A 6.50% Tier I capital (to average assets) 74,945 7.27 % 100,949 9.79 % 4.00% N/A 5.00% Total risk-weighted assets 795,887 795,490 Total average assets 1,031,426 1,030,828 |
Note 10 - Fair Value Measurem27
Note 10 - Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at March 31, 2016 (in thousands) Fair Value Quoted Prices (Level 1) Significant Significant Available-for-sale securities: Obligations of U.S. government agencies $ 38,916 $ - $ 38,916 $ - Obligations of state and political subdivisions 87,558 - 87,558 - U.S. government/ government-sponsored agencies: Collateralized mortgage obligations - residential 21,859 - 21,859 - Collateralized mortgage obligations - commercial 92,070 - 92,070 - Residential mortgage-backed securities 18,552 - 18,552 - Corporate debt securities 387 - 387 - Negotiable certificates of deposit 3,222 - 3,222 - Equity securities 959 959 - - Total available-for-sale securities $ 263,523 $ 959 $ 262,564 $ - Fair Value Measurements at December 31, 2015 (in thousands) Fair Value Quoted Prices (Level 1) Significant (Level 2) Significant (Level 3) Available-for-sale securities: Obligations of U.S. government agencies $ 44,043 $ - $ 44,043 $ - Obligations of state and political subdivisions 75,407 - 75,407 - U.S. government/ government-sponsored agencies: Collateralized mortgage obligations - residential 22,269 - 22,269 - Collateralized mortgage obligations - commercial 89,423 - 89,423 - Residential mortgage-backed securities 18,098 - 18,098 - Corporate debt securities 423 - 423 - Negotiable certificates of deposit 3,162 - 3,162 - Equity securities 948 948 - - Total available-for-sale securities $ 253,773 $ 948 $ 252,825 $ - |
Fair Value Measurements, Nonrecurring [Table Text Block] | March 31, 2016 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 503 $ 84 $ 419 Appraisal of collateral Selling cost 10.0% Impaired loans - other 3,185 250 2,935 Discounted cash flows Discount rate 3.0% - 7.5% Other real estate owned - - - Appraisal of collateral Selling cost 10.0% March 31, 2015 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 718 $ 124 $ 594 Appraisal of collateral Selling cost 10.0% Impaired loans - other 3,757 257 3,500 Discounted cash flows Discount rate 3.0% - 7.5% Other real estate owned 3,104 - 3,104 Appraisal of collateral Selling cost 10.0% |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value March 31, 2016 December 31, 2015 (in thousands) Measurement Carrying Value Fair Value Carrying Value Fair Value Financial assets Cash and short term investments Level 1 $ 18,214 $ 18,214 $ 21,083 $ 21,083 Securities available for sale See previous table 263,523 263,523 253,773 253,773 FHLB and FRB Stock Level 2 5,283 5,283 7,695 7,695 Loans held for sale Level 2 455 455 683 683 Loans, net Level 3 719,523 716,554 724,926 716,412 Accrued interest receivable Level 2 2,854 2,854 2,475 2,475 Mortgage servicing rights Level 3 227 817 240 880 Financial liabilities Deposits Level 2 883,125 872,592 821,546 798,466 Borrowed funds Level 2 98,621 99,279 160,112 160,266 Accrued interest payable Level 2 333 333 11,165 11,165 |
Note 11 - Earnings Per Share (T
Note 11 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three months ended March 31, (in thousands, except share data) 2016 2015 Net income $ 1,143 $ 3,475 Basic weighted-average number of common shares outstanding 16,519,759 16,490,111 Plus: Common share equivalents - - Diluted weighted-average number of common shares outstanding 16,519,759 16,490,111 Income per common share: Basic $ 0.07 $ 0.21 Diluted $ 0.07 $ 0.21 |
Note 12 - Other Comprehensive29
Note 12 - Other Comprehensive Income (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended March 31, 2016 (in thousands) Amount Reclassifed Affected Line Item in the Available-for-sale securities: Reclassification adjustment for net gains reclassified into net income $ (103 ) Net gain on sale of securities Taxes 35 Income taxes Net of tax amount $ (68 ) Three Months Ended March 31, 2015 (in thousands) Amount Reclassifed Affected Line Item in the Available-for-sale securities: Reclassification adjustment for net gains reclassified into net income $ (2,224 ) Net gain on sale of securities Taxes 756 Income taxes Net of tax amount $ (1,468 ) |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Three Months Ended March 31, (in thousands) 2016 2015 Beginning balance $ (238 ) $ 1,138 Other comprehensive income before reclassifications 5,088 2,296 Amounts reclassified from accumulated other comprehensive income (68 ) (1,468 ) Net other comprehensive income during the period 5,020 828 Ending balance $ 4,782 $ 1,966 |
Note 3 - Securities (Details)
Note 3 - Securities (Details) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016USD ($) | Mar. 31, 2015USD ($) | Dec. 31, 2015USD ($) | |
Note 3 - Securities (Details) [Line Items] | |||
Available-for-sale Securities Pledged as Collateral | $ 262,200,000 | $ 252,400,000 | |
Proceeds from Sale of Available-for-sale Securities | 6,192,000 | $ 35,948,000 | $ 35,900,000 |
Available-for-sale Securities, Gross Realized Gains | 103,000 | 2,200,000 | |
Available-for-sale Securities, Gross Realized Losses | $ 0 | $ 0 | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 5 | 3 | |
Other than Temporary Impairment Losses, Investments | $ 0 | ||
Federal Home Loan Bank Stock and Federal Reserve Bank Stock | 5,300,000 | $ 7,700,000 | |
Impairment on Federal Reserve Bank of Philadelphia Stock | 0 | ||
Other Assets [Member] | |||
Note 3 - Securities (Details) [Line Items] | |||
Federal Reserve Bank Stock | $ 1,300,000 | $ 1,300,000 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Note 3 - Securities (Details) [Line Items] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 2 | ||
US States and Political Subdivisions Debt Securities [Member] | |||
Note 3 - Securities (Details) [Line Items] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 1 | 1 | |
Corporate Debt Securities [Member] | |||
Note 3 - Securities (Details) [Line Items] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 1 | 1 | |
Equity Securities [Member] | |||
Note 3 - Securities (Details) [Line Items] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Greater than or Equal to One Year | 1 | 1 | |
Federal Home Loan Bank of Pittsburgh [Member] | |||
Note 3 - Securities (Details) [Line Items] | |||
Impairment on Federal Home Loan Bank Stock | $ 0 |
Note 3 - Securities (Details) -
Note 3 - Securities (Details) - Amortized Cost, Gross Unrealized Gains and Losses, and the Fair Value of the Company's Securities - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | |
Available-for-sale: | |||
Available for sale securities, amortized cost | $ 256,278 | $ 254,134 | |
Available for sale securities, gross unrealized holding gains | 7,421 | 982 | |
Available for sale securities, gross unrealized holding losses | 176 | 1,343 | |
Available for sale securities, fair value | 263,523 | 253,773 | $ 253,773 |
US Government Agencies Debt Securities [Member] | |||
Available-for-sale: | |||
Available for sale securities, amortized cost | 37,698 | 43,787 | |
Available for sale securities, gross unrealized holding gains | 1,218 | 256 | |
Available for sale securities, gross unrealized holding losses | 0 | 0 | |
Available for sale securities, fair value | 38,916 | 44,043 | 44,043 |
US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale: | |||
Available for sale securities, amortized cost | 84,891 | 75,401 | |
Available for sale securities, gross unrealized holding gains | 2,678 | 428 | |
Available for sale securities, gross unrealized holding losses | 11 | 422 | |
Available for sale securities, fair value | 87,558 | 75,407 | 75,407 |
Residential Mortgage Backed Securities [Member] | |||
Available-for-sale: | |||
Available for sale securities, amortized cost | 18,077 | 18,201 | |
Available for sale securities, gross unrealized holding gains | 475 | 58 | |
Available for sale securities, gross unrealized holding losses | 0 | 161 | |
Available for sale securities, fair value | 18,552 | 18,098 | 18,098 |
Corporate Debt Securities [Member] | |||
Available-for-sale: | |||
Available for sale securities, amortized cost | 500 | 500 | |
Available for sale securities, gross unrealized holding gains | 0 | 0 | |
Available for sale securities, gross unrealized holding losses | 113 | 77 | |
Available for sale securities, fair value | 387 | 423 | 423 |
Negotiable Certificates of Deposit [Member] | |||
Available-for-sale: | |||
Available for sale securities, amortized cost | 3,173 | 3,173 | |
Available for sale securities, gross unrealized holding gains | 49 | 0 | |
Available for sale securities, gross unrealized holding losses | 0 | 11 | |
Available for sale securities, fair value | 3,222 | 3,162 | 3,162 |
Equity Securities [Member] | |||
Available-for-sale: | |||
Available for sale securities, amortized cost | 1,010 | 1,010 | |
Available for sale securities, gross unrealized holding gains | 0 | 0 | |
Available for sale securities, gross unrealized holding losses | 51 | 62 | |
Available for sale securities, fair value | 959 | 948 | 948 |
Residential Mortgage [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale: | |||
Available for sale securities, amortized cost | 21,312 | 22,162 | |
Available for sale securities, gross unrealized holding gains | 548 | 116 | |
Available for sale securities, gross unrealized holding losses | 1 | 9 | |
Available for sale securities, fair value | 21,859 | 22,269 | 22,269 |
Commercial Loan [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale: | |||
Available for sale securities, amortized cost | 89,617 | 89,900 | |
Available for sale securities, gross unrealized holding gains | 2,453 | 124 | |
Available for sale securities, gross unrealized holding losses | 0 | 601 | |
Available for sale securities, fair value | $ 92,070 | $ 89,423 | $ 89,423 |
Note 3 - Securities (Details)32
Note 3 - Securities (Details) - Available-for-sale Debt Securities by Contractual Maturity $ in Thousands | Mar. 31, 2016USD ($) |
Amounts maturing in: | |
One year or less | $ 0 |
One year or less | 0 |
After one year through five years | 25,061 |
After one year through five years | 25,737 |
After five years through ten years | 98,485 |
After five years through ten years | 101,668 |
After ten years | 2,716 |
After ten years | 2,678 |
Total | 255,268 |
Total | 262,564 |
Collateralized Mortgage Obligations [Member] | |
Amounts maturing in: | |
Securities without a single maturity, amortized cost | 110,929 |
Securities without a single maturity, fair value | 113,929 |
Residential Mortgage Backed Securities [Member] | |
Amounts maturing in: | |
Securities without a single maturity, amortized cost | 18,077 |
Securities without a single maturity, fair value | $ 18,552 |
Note 3 - Securities (Details)33
Note 3 - Securities (Details) - Available-for-sale Securities in a Continuous Unrealized Loss Position $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016USD ($) | Dec. 31, 2015USD ($) | |
Note 3 - Securities (Details) - Available-for-sale Securities in a Continuous Unrealized Loss Position [Line Items] | ||
Number of securities, less than 12 months | 70 | |
Fair value, less than 12 months | $ 126,421 | |
Gross unrealized losses, less than 12 months | $ 1,201 | |
Number of securities, 12 months or greater | 5 | 3 |
Fair value, 12 months or greater | $ 3,331 | $ 1,625 |
Gross unrealized losses, 12 months or greater | $ 176 | $ 142 |
Number of securities | 5 | 73 |
Fair value | $ 3,331 | $ 128,046 |
Gross unrealized losses | $ 176 | $ 1,343 |
US Government Agencies Debt Securities [Member] | ||
Note 3 - Securities (Details) - Available-for-sale Securities in a Continuous Unrealized Loss Position [Line Items] | ||
Number of securities, less than 12 months | 0 | 0 |
Fair value, less than 12 months | $ 0 | $ 0 |
Gross unrealized losses, less than 12 months | $ 0 | $ 0 |
Number of securities, 12 months or greater | 0 | 0 |
Fair value, 12 months or greater | $ 0 | $ 0 |
Gross unrealized losses, 12 months or greater | $ 0 | $ 0 |
Number of securities | 0 | 0 |
Fair value | $ 0 | $ 0 |
Gross unrealized losses | $ 0 | $ 0 |
US States and Political Subdivisions Debt Securities [Member] | ||
Note 3 - Securities (Details) - Available-for-sale Securities in a Continuous Unrealized Loss Position [Line Items] | ||
Number of securities, less than 12 months | 0 | 31 |
Fair value, less than 12 months | $ 0 | $ 33,022 |
Gross unrealized losses, less than 12 months | $ 0 | $ 419 |
Number of securities, 12 months or greater | 1 | 1 |
Fair value, 12 months or greater | $ 1,507 | $ 264 |
Gross unrealized losses, 12 months or greater | $ 11 | $ 3 |
Number of securities | 1 | 32 |
Fair value | $ 1,507 | $ 33,286 |
Gross unrealized losses | $ 11 | $ 422 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Note 3 - Securities (Details) - Available-for-sale Securities in a Continuous Unrealized Loss Position [Line Items] | ||
Number of securities, 12 months or greater | 2 | |
Residential Mortgage Backed Securities [Member] | ||
Note 3 - Securities (Details) - Available-for-sale Securities in a Continuous Unrealized Loss Position [Line Items] | ||
Number of securities, less than 12 months | 0 | 7 |
Fair value, less than 12 months | $ 0 | $ 16,779 |
Gross unrealized losses, less than 12 months | $ 0 | $ 161 |
Number of securities, 12 months or greater | 0 | 0 |
Fair value, 12 months or greater | $ 0 | $ 0 |
Gross unrealized losses, 12 months or greater | $ 0 | $ 0 |
Number of securities | 0 | 7 |
Fair value | $ 0 | $ 16,779 |
Gross unrealized losses | $ 0 | $ 161 |
Corporate Debt Securities [Member] | ||
Note 3 - Securities (Details) - Available-for-sale Securities in a Continuous Unrealized Loss Position [Line Items] | ||
Number of securities, less than 12 months | 0 | 0 |
Fair value, less than 12 months | $ 0 | $ 0 |
Gross unrealized losses, less than 12 months | $ 0 | $ 0 |
Number of securities, 12 months or greater | 1 | 1 |
Fair value, 12 months or greater | $ 387 | $ 423 |
Gross unrealized losses, 12 months or greater | $ 113 | $ 77 |
Number of securities | 1 | 1 |
Fair value | $ 387 | $ 423 |
Gross unrealized losses | $ 113 | $ 77 |
Negotiable Certificates of Deposit [Member] | ||
Note 3 - Securities (Details) - Available-for-sale Securities in a Continuous Unrealized Loss Position [Line Items] | ||
Number of securities, less than 12 months | 0 | 12 |
Fair value, less than 12 months | $ 0 | $ 2,913 |
Gross unrealized losses, less than 12 months | $ 0 | $ 11 |
Number of securities, 12 months or greater | 0 | 0 |
Fair value, 12 months or greater | $ 0 | $ 0 |
Gross unrealized losses, 12 months or greater | $ 0 | $ 0 |
Number of securities | 0 | 12 |
Fair value | $ 0 | $ 2,913 |
Gross unrealized losses | $ 0 | $ 11 |
Equity Securities [Member] | ||
Note 3 - Securities (Details) - Available-for-sale Securities in a Continuous Unrealized Loss Position [Line Items] | ||
Number of securities, less than 12 months | 0 | 0 |
Fair value, less than 12 months | $ 0 | $ 0 |
Gross unrealized losses, less than 12 months | $ 0 | $ 0 |
Number of securities, 12 months or greater | 1 | 1 |
Fair value, 12 months or greater | $ 949 | $ 938 |
Gross unrealized losses, 12 months or greater | $ 51 | $ 62 |
Number of securities | 1 | 1 |
Fair value | $ 949 | $ 938 |
Gross unrealized losses | $ 51 | $ 62 |
Residential Mortgage [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Note 3 - Securities (Details) - Available-for-sale Securities in a Continuous Unrealized Loss Position [Line Items] | ||
Number of securities, less than 12 months | 0 | 4 |
Fair value, less than 12 months | $ 0 | $ 5,738 |
Gross unrealized losses, less than 12 months | $ 0 | $ 9 |
Number of securities, 12 months or greater | 2 | 0 |
Fair value, 12 months or greater | $ 488 | $ 0 |
Gross unrealized losses, 12 months or greater | $ 1 | $ 0 |
Number of securities | 2 | 4 |
Fair value | $ 488 | $ 5,738 |
Gross unrealized losses | $ 1 | $ 9 |
Commercial Loan [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Note 3 - Securities (Details) - Available-for-sale Securities in a Continuous Unrealized Loss Position [Line Items] | ||
Number of securities, less than 12 months | 0 | 16 |
Fair value, less than 12 months | $ 0 | $ 67,969 |
Gross unrealized losses, less than 12 months | $ 0 | $ 601 |
Number of securities, 12 months or greater | 0 | 0 |
Fair value, 12 months or greater | $ 0 | $ 0 |
Gross unrealized losses, 12 months or greater | $ 0 | $ 0 |
Number of securities | 0 | 16 |
Fair value | $ 0 | $ 67,969 |
Gross unrealized losses | $ 0 | $ 601 |
Note 4 - Loans (Details)
Note 4 - Loans (Details) | 3 Months Ended | ||
Mar. 31, 2016USD ($) | Mar. 31, 2015USD ($) | Dec. 31, 2015USD ($) | |
Note 4 - Loans (Details) [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 3,600,000 | $ 3,800,000 | |
Loans Still Classified As Non-accrual Status Period of Past Due | 90 days | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | $ 0 | 0 | |
Financing Receivable, Collectively Evaluated for Impairment | 718,215,000 | 723,191,000 | |
Recorded Investment | 7,433,000 | 7,961,000 | |
Related Allowance | 334,000 | 381,000 | |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 67,000 | $ 91,000 | |
Financing Receivable, Modifications, Recorded Investment | 5,500,000 | 5,800,000 | |
Loans and Leases Receivable, Allowance | $ 8,635,000 | 8,790,000 | |
Financing Receivable, Modifications, Number of Contracts | 0 | 3 | |
Financing Receivable, Modifications, Period Increase (Decrease) in Allowance for Loan and Lease Losses | $ 94,000 | ||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 108,000 | ||
Restructured Within Twelve Months Prior to Redefault [Member] | |||
Note 4 - Loans (Details) [Line Items] | |||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 2 | 0 | |
Non-accrual Loans [Member] | |||
Note 4 - Loans (Details) [Line Items] | |||
Financing Receivable, Collectively Evaluated for Impairment | $ 800,000 | 800,000 | |
Performing Financial Instruments [Member] | |||
Note 4 - Loans (Details) [Line Items] | |||
Financing Receivable, Modifications, Recorded Investment | 4,600,000 | 5,000,000 | |
Nonperforming Financial Instruments [Member] | |||
Note 4 - Loans (Details) [Line Items] | |||
Financing Receivable, Modifications, Recorded Investment | 900,000 | 800,000 | |
One-to-Four Family Mortgages [Member] | |||
Note 4 - Loans (Details) [Line Items] | |||
Recorded Investment of Mortgage Loans Sold | 1,700,000 | ||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage | $ 455,000 | 683,000 | |
Residential Real Estate, Foreclosed [Member] | |||
Note 4 - Loans (Details) [Line Items] | |||
Number of Real Estate Properties | 1 | ||
Real Estate Investment Property, Net | $ 237,000 | ||
Consumer Portfolio Segment [Member] | |||
Note 4 - Loans (Details) [Line Items] | |||
Financing Receivable, Collectively Evaluated for Impairment | 128,524,000 | 128,182,000 | |
Recorded Investment | 301,000 | 351,000 | |
Related Allowance | $ 1,000 | $ 1,000 | |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |
Mortgage Loans in Process of Foreclosure, Amount | $ 163,000 | ||
Consumer Portfolio Segment [Member] | In Process of Foreclosure [Member] | |||
Note 4 - Loans (Details) [Line Items] | |||
Number of Real Estate Properties | 5 | ||
Residential Portfolio Segment [Member] | |||
Note 4 - Loans (Details) [Line Items] | |||
Financing Receivable, Modifications, Number of Contracts | 0 | 2 | |
Number of Real Estate Properties | 3 | 2 | |
Other Real Estate | $ 278,000 | $ 41,000 | |
Troubled Debt Restructuring [Member] | |||
Note 4 - Loans (Details) [Line Items] | |||
Loans and Leases Receivable, Allowance | 284,000 | $ 295,000 | |
Between 30 and 89 Days Past Due [Member] | |||
Note 4 - Loans (Details) [Line Items] | |||
Financing Receivable, Modifications, Recorded Investment | $ 62,000 | ||
Financing Receivable, Modifications, Number of Contracts | 2 |
Note 4 - Loans (Details) - Loan
Note 4 - Loans (Details) - Loans Receivable, Net, by Category - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable, gross | $ 725,648 | $ 731,152 |
Unearned income | (93) | (98) |
Net deferred loan costs | 2,603 | 2,662 |
Allowance for loan and lease losses | (8,635) | (8,790) |
Loans, net | 719,523 | 724,926 |
Residential Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable, gross | 136,254 | 130,696 |
Commercial Real Estate Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable, gross | 247,867 | 245,198 |
Construction, Land Acquisition and Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable, gross | 20,432 | 30,843 |
Commercial and Industrial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable, gross | 142,511 | 149,826 |
Consumer Portfolio Segment [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable, gross | 128,825 | 128,533 |
State and Political Subdivisions [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loans receivable, gross | $ 49,759 | $ 46,056 |
Note 4 - Loans (Details) - Acti
Note 4 - Loans (Details) - Activity in the Allowance for Loan Losses, by Loan Category - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Dec. 31, 2015 | |
Allowance for loan losses: | ||||
Beginning balance | $ 8,790 | $ 11,520 | ||
Charge-offs | (1,148) | (277) | ||
Recoveries | 297 | 195 | ||
Provisions (credits) | 696 | (494) | ||
Ending balance, loans and leases receivable | 8,635 | 10,944 | ||
Allowance for loan losses: | ||||
Allowance for loan losses, individually evaluated for impairment | $ 334 | $ 381 | ||
Allowance for loan losses, collectively evaluated for impairment | 8,301 | 8,409 | ||
Allowance for loan losses, total | 8,790 | 11,520 | 8,635 | 8,790 |
Loans receivable: | ||||
Loans receivable, individually evaluated for impairment | 7,433 | 7,961 | ||
Loans receivable, collectively evaluated for impairment | 718,215 | 723,191 | ||
Loans receivable, total | 725,648 | 731,152 | ||
Residential Portfolio Segment [Member] | ||||
Loans receivable: | ||||
Loans receivable, total | 136,254 | 130,696 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Allowance for loan losses: | ||||
Beginning balance | 1,333 | 1,772 | ||
Charge-offs | (24) | (68) | ||
Recoveries | 1 | 6 | ||
Provisions (credits) | (100) | (179) | ||
Ending balance, loans and leases receivable | 1,210 | 1,531 | ||
Allowance for loan losses: | ||||
Allowance for loan losses, individually evaluated for impairment | 54 | 92 | ||
Allowance for loan losses, collectively evaluated for impairment | 1,156 | 1,241 | ||
Allowance for loan losses, total | 1,333 | 1,772 | 1,210 | 1,333 |
Loans receivable: | ||||
Loans receivable, individually evaluated for impairment | 2,741 | 2,930 | ||
Loans receivable, collectively evaluated for impairment | 133,513 | 127,766 | ||
Loans receivable, total | 136,254 | 130,696 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Loans receivable: | ||||
Loans receivable, total | 247,867 | 245,198 | ||
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Allowance for loan losses: | ||||
Beginning balance | 3,346 | 4,663 | ||
Charge-offs | (251) | 0 | ||
Recoveries | 1 | 2 | ||
Provisions (credits) | 195 | (334) | ||
Ending balance, loans and leases receivable | 3,291 | 4,331 | ||
Allowance for loan losses: | ||||
Allowance for loan losses, individually evaluated for impairment | 279 | 287 | ||
Allowance for loan losses, collectively evaluated for impairment | 3,012 | 3,059 | ||
Allowance for loan losses, total | 3,346 | 4,663 | 3,291 | 3,346 |
Loans receivable: | ||||
Loans receivable, individually evaluated for impairment | 3,749 | 3,831 | ||
Loans receivable, collectively evaluated for impairment | 244,118 | 241,367 | ||
Loans receivable, total | 247,867 | 245,198 | ||
Construction, Land Acquisition and Development [Member] | ||||
Loans receivable: | ||||
Loans receivable, total | 20,432 | 30,843 | ||
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | ||||
Allowance for loan losses: | ||||
Beginning balance | 853 | 665 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provisions (credits) | (200) | 99 | ||
Ending balance, loans and leases receivable | 653 | 764 | ||
Allowance for loan losses: | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 1 | ||
Allowance for loan losses, collectively evaluated for impairment | 653 | 852 | ||
Allowance for loan losses, total | 853 | 665 | 653 | 853 |
Loans receivable: | ||||
Loans receivable, individually evaluated for impairment | 443 | 646 | ||
Loans receivable, collectively evaluated for impairment | 19,989 | 30,197 | ||
Loans receivable, total | 20,432 | 30,843 | ||
Commercial Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Beginning balance | 1,205 | 2,104 | ||
Charge-offs | (568) | (70) | ||
Recoveries | 94 | 65 | ||
Provisions (credits) | 591 | (101) | ||
Ending balance, loans and leases receivable | 1,322 | 1,998 | ||
Allowance for loan losses: | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 1,322 | 1,205 | ||
Allowance for loan losses, total | 1,205 | 2,104 | 1,322 | 1,205 |
Loans receivable: | ||||
Loans receivable, individually evaluated for impairment | 199 | 203 | ||
Loans receivable, collectively evaluated for impairment | 142,312 | 149,623 | ||
Loans receivable, total | 142,511 | 149,826 | ||
Consumer Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Beginning balance | 1,494 | 1,673 | ||
Charge-offs | (305) | (139) | ||
Recoveries | 201 | 122 | ||
Provisions (credits) | (11) | 42 | ||
Ending balance, loans and leases receivable | 1,379 | 1,698 | ||
Allowance for loan losses: | ||||
Allowance for loan losses, individually evaluated for impairment | 1 | 1 | ||
Allowance for loan losses, collectively evaluated for impairment | 1,378 | 1,493 | ||
Allowance for loan losses, total | 1,494 | 1,673 | 1,379 | 1,494 |
Loans receivable: | ||||
Loans receivable, individually evaluated for impairment | 301 | 351 | ||
Loans receivable, collectively evaluated for impairment | 128,524 | 128,182 | ||
Loans receivable, total | 128,825 | 128,533 | ||
State and Political Subdivisions [Member] | ||||
Allowance for loan losses: | ||||
Beginning balance | 485 | 598 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provisions (credits) | 295 | (15) | ||
Ending balance, loans and leases receivable | 780 | 583 | ||
Allowance for loan losses: | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 780 | 485 | ||
Allowance for loan losses, total | 485 | 598 | 780 | 485 |
Loans receivable: | ||||
Loans receivable, individually evaluated for impairment | 0 | 0 | ||
Loans receivable, collectively evaluated for impairment | 49,759 | 46,056 | ||
Loans receivable, total | 49,759 | 46,056 | ||
Unallocated Financing Receivables [Member] | ||||
Allowance for loan losses: | ||||
Beginning balance | 74 | 45 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provisions (credits) | (74) | (6) | ||
Ending balance, loans and leases receivable | 0 | 39 | ||
Allowance for loan losses: | ||||
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses, collectively evaluated for impairment | 0 | 74 | ||
Allowance for loan losses, total | $ 74 | $ 45 | 0 | 74 |
Loans receivable: | ||||
Loans receivable, individually evaluated for impairment | 0 | 0 | ||
Loans receivable, collectively evaluated for impairment | 0 | 0 | ||
Loans receivable, total | $ 0 | $ 0 |
Note 4 - Loans (Details) - Inve
Note 4 - Loans (Details) - Investment in Loans Receivable by Loan Category and Credit Quality Indicator - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | $ 725,648 | $ 731,152 |
Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 484,589 | 490,987 |
Commercial Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 450,442 | 461,267 |
Commercial Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 17,684 | 12,887 |
Commercial Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 16,463 | 16,833 |
Commercial Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Commercial Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Accruing Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 239,831 | 238,773 |
Non-accrual Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 1,228 | 1,392 |
Subtotal Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 241,059 | 240,165 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 136,254 | 130,696 |
Residential Portfolio Segment [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 25,783 | 22,451 |
Residential Portfolio Segment [Member] | Commercial Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 24,378 | 21,018 |
Residential Portfolio Segment [Member] | Commercial Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 390 | 449 |
Residential Portfolio Segment [Member] | Commercial Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 1,015 | 984 |
Residential Portfolio Segment [Member] | Commercial Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Residential Portfolio Segment [Member] | Commercial Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Residential Portfolio Segment [Member] | Accruing Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 109,545 | 107,204 |
Residential Portfolio Segment [Member] | Non-accrual Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 926 | 1,041 |
Residential Portfolio Segment [Member] | Subtotal Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 110,471 | 108,245 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 247,867 | 245,198 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 247,867 | 245,198 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 229,731 | 225,850 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 9,989 | 11,356 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 8,147 | 7,992 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Accruing Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Non-accrual Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Subtotal Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Construction, Land Acquisition and Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 20,432 | 30,843 |
Construction, Land Acquisition and Development [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 18,650 | 29,441 |
Construction, Land Acquisition and Development [Member] | Commercial Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 13,496 | 23,946 |
Construction, Land Acquisition and Development [Member] | Commercial Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 355 | 358 |
Construction, Land Acquisition and Development [Member] | Commercial Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 4,799 | 5,137 |
Construction, Land Acquisition and Development [Member] | Commercial Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Commercial Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Accruing Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 1,782 | 1,402 |
Construction, Land Acquisition and Development [Member] | Non-accrual Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Subtotal Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 1,782 | 1,402 |
Commercial and Industrial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 142,511 | 149,826 |
Commercial and Industrial [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 137,582 | 145,046 |
Commercial and Industrial [Member] | Commercial Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 134,559 | 142,242 |
Commercial and Industrial [Member] | Commercial Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 998 | 595 |
Commercial and Industrial [Member] | Commercial Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 2,025 | 2,209 |
Commercial and Industrial [Member] | Commercial Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Commercial and Industrial [Member] | Commercial Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Commercial and Industrial [Member] | Accruing Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 4,924 | 4,775 |
Commercial and Industrial [Member] | Non-accrual Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 5 | 5 |
Commercial and Industrial [Member] | Subtotal Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 4,929 | 4,780 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 128,825 | 128,533 |
Consumer Portfolio Segment [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 4,948 | 2,795 |
Consumer Portfolio Segment [Member] | Commercial Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 4,904 | 2,747 |
Consumer Portfolio Segment [Member] | Commercial Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 5 | 9 |
Consumer Portfolio Segment [Member] | Commercial Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 39 | 39 |
Consumer Portfolio Segment [Member] | Commercial Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Commercial Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Accruing Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 123,580 | 125,392 |
Consumer Portfolio Segment [Member] | Non-accrual Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 297 | 346 |
Consumer Portfolio Segment [Member] | Subtotal Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 123,877 | 125,738 |
State and Political Subdivisions [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 49,759 | 46,056 |
State and Political Subdivisions [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 49,759 | 46,056 |
State and Political Subdivisions [Member] | Commercial Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 43,374 | 45,464 |
State and Political Subdivisions [Member] | Commercial Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 5,947 | 120 |
State and Political Subdivisions [Member] | Commercial Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 438 | 472 |
State and Political Subdivisions [Member] | Commercial Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
State and Political Subdivisions [Member] | Commercial Loans [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
State and Political Subdivisions [Member] | Accruing Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
State and Political Subdivisions [Member] | Non-accrual Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | 0 | 0 |
State and Political Subdivisions [Member] | Subtotal Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total loans | $ 0 | $ 0 |
Note 4 - Loans (Details) - Perf
Note 4 - Loans (Details) - Performing and Non-performing Loan Delinquency Status - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | $ 725,648 | $ 731,152 |
Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 722,045 | 728,002 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 1,776 | 1,480 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 1,043 | 1,172 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 784 | 498 |
Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 722,079 | 727,364 |
Performing Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 719,738 | 724,994 |
Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 1,565 | 1,360 |
Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 776 | 1,010 |
Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 3,569 | 3,788 |
Nonperforming Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 2,307 | 3,008 |
Nonperforming Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 211 | 120 |
Nonperforming Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 267 | 162 |
Nonperforming Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 784 | 498 |
Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 401,443 | 403,490 |
Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 400,466 | 402,849 |
Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 367 | 130 |
Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 610 | 511 |
Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 3,110 | 3,247 |
Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 2,104 | 2,841 |
Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 176 | 99 |
Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 220 | 159 |
Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 610 | 148 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 135,113 | 129,482 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 134,780 | 129,206 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 333 | 51 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 225 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 1,141 | 1,214 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 277 | 923 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 146 | 99 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 108 | 44 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 610 | 148 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 246,229 | 243,507 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 245,591 | 243,168 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 28 | 53 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 610 | 286 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 1,638 | 1,691 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 1,496 | 1,576 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 30 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 112 | 115 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 20,101 | 30,501 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 20,095 | 30,475 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 6 | 26 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 331 | 342 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 331 | 342 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 142,349 | 149,631 |
Commercial and Industrial [Member] | Performing Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 141,876 | 149,329 |
Commercial and Industrial [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 473 | 236 |
Commercial and Industrial [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 66 |
Commercial and Industrial [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 162 | 195 |
Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 97 | 98 |
Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 65 | 97 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 128,528 | 128,187 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 127,637 | 126,760 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 725 | 994 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 166 | 433 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 297 | 346 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 106 | 69 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 35 | 21 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 47 | 3 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 109 | 253 |
State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 49,759 | 46,056 |
State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 49,759 | 46,056 |
State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | 0 | 0 |
State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans past due | $ 0 | $ 0 |
Note 4 - Loans (Details) - Impa
Note 4 - Loans (Details) - Impaired Loans - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Real estate: | ||
Recorded investment, with no allowance recorded | $ 3,745 | $ 3,486 |
Unpaid principal balance, with no allowance recorded | 5,299 | 5,006 |
Real estate: | ||
Recorded investment, with a related allowance recorded | 3,688 | 4,475 |
Unpaid principal balance, with a related allowance recorded | 3,688 | 4,475 |
Related allowance | 334 | 381 |
Real estate: | ||
Recorded investment | 7,433 | 7,961 |
Unpaid principal balance | 8,987 | 9,481 |
Related allowance | 334 | 381 |
Real Estate Loan [Member] | ||
Real estate: | ||
Recorded investment, with no allowance recorded | 3,546 | 3,362 |
Unpaid principal balance, with no allowance recorded | 5,067 | 4,850 |
Real estate: | ||
Recorded investment, with a related allowance recorded | 3,387 | 4,045 |
Unpaid principal balance, with a related allowance recorded | 3,387 | 4,045 |
Related allowance | 333 | 380 |
Real estate: | ||
Recorded investment | 6,933 | 7,407 |
Unpaid principal balance | 8,454 | 8,895 |
Related allowance | 333 | 380 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Real estate: | ||
Recorded investment, with no allowance recorded | 1,301 | 1,042 |
Unpaid principal balance, with no allowance recorded | 1,400 | 1,138 |
Real estate: | ||
Recorded investment, with a related allowance recorded | 1,440 | 1,888 |
Unpaid principal balance, with a related allowance recorded | 1,440 | 1,888 |
Related allowance | 54 | 92 |
Real estate: | ||
Recorded investment | 2,741 | 2,930 |
Unpaid principal balance | 2,840 | 3,026 |
Related allowance | 54 | 92 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Real estate: | ||
Recorded investment, with no allowance recorded | 1,802 | 1,850 |
Unpaid principal balance, with no allowance recorded | 2,841 | 2,868 |
Real estate: | ||
Recorded investment, with a related allowance recorded | 1,947 | 1,981 |
Unpaid principal balance, with a related allowance recorded | 1,947 | 1,981 |
Related allowance | 279 | 287 |
Real estate: | ||
Recorded investment | 3,749 | 3,831 |
Unpaid principal balance | 4,788 | 4,849 |
Related allowance | 279 | 287 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | ||
Real estate: | ||
Recorded investment, with no allowance recorded | 443 | 470 |
Unpaid principal balance, with no allowance recorded | 826 | 844 |
Real estate: | ||
Recorded investment, with a related allowance recorded | 0 | 176 |
Unpaid principal balance, with a related allowance recorded | 0 | 176 |
Related allowance | 0 | 1 |
Real estate: | ||
Recorded investment | 443 | 646 |
Unpaid principal balance | 826 | 1,020 |
Related allowance | 0 | 1 |
Commercial and Industrial [Member] | ||
Real estate: | ||
Recorded investment, with no allowance recorded | 199 | 124 |
Unpaid principal balance, with no allowance recorded | 232 | 156 |
Real estate: | ||
Recorded investment, with a related allowance recorded | 0 | 79 |
Unpaid principal balance, with a related allowance recorded | 0 | 79 |
Related allowance | 0 | 0 |
Real estate: | ||
Recorded investment | 199 | 203 |
Unpaid principal balance | 232 | 235 |
Related allowance | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Real estate: | ||
Recorded investment, with no allowance recorded | 0 | |
Unpaid principal balance, with no allowance recorded | 0 | |
Real estate: | ||
Recorded investment, with a related allowance recorded | 301 | 351 |
Unpaid principal balance, with a related allowance recorded | 301 | 351 |
Related allowance | 1 | 1 |
Real estate: | ||
Recorded investment | 301 | 351 |
Unpaid principal balance | 301 | 351 |
Related allowance | 1 | 1 |
State and Political Subdivisions [Member] | ||
Real estate: | ||
Recorded investment, with no allowance recorded | 0 | 0 |
Unpaid principal balance, with no allowance recorded | 0 | 0 |
Real estate: | ||
Recorded investment, with a related allowance recorded | 0 | 0 |
Unpaid principal balance, with a related allowance recorded | 0 | 0 |
Related allowance | 0 | 0 |
Real estate: | ||
Recorded investment | 0 | 0 |
Unpaid principal balance | 0 | 0 |
Related allowance | $ 0 | $ 0 |
Note 4 - Loans (Details) - Aver
Note 4 - Loans (Details) - Average Balance and Interest Income by Loan Category Recognized on Impaired Loans - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | ||
Real estate: | |||
Average balance | $ 7,775 | $ 10,203 | |
Interest income | [1] | 56 | 70 |
Real Estate Loan [Member] | |||
Real estate: | |||
Average balance | 7,224 | 9,813 | |
Interest income | [1] | 52 | 67 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Real estate: | |||
Average balance | 2,876 | 2,897 | |
Interest income | [1] | 26 | 33 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Real estate: | |||
Average balance | 3,782 | 6,567 | |
Interest income | [1] | 23 | 30 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | |||
Real estate: | |||
Average balance | 566 | 349 | |
Interest income | [1] | 3 | 4 |
Commercial and Industrial [Member] | |||
Real estate: | |||
Average balance | 201 | 31 | |
Interest income | [1] | 1 | 0 |
Consumer Portfolio Segment [Member] | |||
Real estate: | |||
Average balance | 350 | 359 | |
Interest income | [1] | 3 | 3 |
State and Political Subdivisions [Member] | |||
Real estate: | |||
Average balance | 0 | 0 | |
Interest income | [1] | $ 0 | $ 0 |
[1] | Interest income represents income recognized on performing TDRs. |
Note 4 - Loans (Details) - In41
Note 4 - Loans (Details) - Investment in Loans Modified as TDRs by Loan Category $ in Thousands | 3 Months Ended | |
Mar. 31, 2016USD ($) | Mar. 31, 2015USD ($) | |
Troubled debt restructurings: | ||
Number of contracts | 0 | 3 |
Pre-modification outstanding recorded investments | $ 0 | $ 752 |
Post-modification outstanding recorded investments | $ 0 | $ 752 |
Residential Portfolio Segment [Member] | ||
Troubled debt restructurings: | ||
Number of contracts | 0 | 2 |
Pre-modification outstanding recorded investments | $ 0 | $ 656 |
Post-modification outstanding recorded investments | $ 0 | $ 656 |
Commercial Real Estate Portfolio Segment [Member] | ||
Troubled debt restructurings: | ||
Number of contracts | 0 | 0 |
Pre-modification outstanding recorded investments | $ 0 | $ 0 |
Post-modification outstanding recorded investments | $ 0 | $ 0 |
Construction, Land Acquisition and Development [Member] | ||
Troubled debt restructurings: | ||
Number of contracts | 0 | 1 |
Pre-modification outstanding recorded investments | $ 0 | $ 96 |
Post-modification outstanding recorded investments | $ 0 | $ 96 |
Commercial and Industrial [Member] | ||
Troubled debt restructurings: | ||
Number of contracts | 0 | 0 |
Pre-modification outstanding recorded investments | $ 0 | $ 0 |
Post-modification outstanding recorded investments | $ 0 | $ 0 |
Consumer Portfolio Segment [Member] | ||
Troubled debt restructurings: | ||
Number of contracts | 0 | 0 |
Pre-modification outstanding recorded investments | $ 0 | $ 0 |
Post-modification outstanding recorded investments | $ 0 | $ 0 |
State and Political Subdivisions [Member] | ||
Troubled debt restructurings: | ||
Number of contracts | 0 | 0 |
Pre-modification outstanding recorded investments | $ 0 | $ 0 |
Post-modification outstanding recorded investments | $ 0 | $ 0 |
Note 4 - Loans (Details) - Type
Note 4 - Loans (Details) - Type of Modifications - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Types of modification: | ||
Financing receivable, modifications | $ 0 | $ 752 |
Extended Maturity [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 752 | |
Extended Maturity and Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Principal Forbearance [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Residential Portfolio Segment [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | 656 |
Residential Portfolio Segment [Member] | Extended Maturity [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 656 | |
Residential Portfolio Segment [Member] | Extended Maturity and Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Residential Portfolio Segment [Member] | Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Residential Portfolio Segment [Member] | Principal Forbearance [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity and Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Principal Forbearance [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Construction, Land Acquisition and Development [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | 96 |
Construction, Land Acquisition and Development [Member] | Extended Maturity [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 96 | |
Construction, Land Acquisition and Development [Member] | Extended Maturity and Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Construction, Land Acquisition and Development [Member] | Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Construction, Land Acquisition and Development [Member] | Principal Forbearance [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Commercial and Industrial [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | 0 |
Commercial and Industrial [Member] | Extended Maturity [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Commercial and Industrial [Member] | Extended Maturity and Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Commercial and Industrial [Member] | Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Commercial and Industrial [Member] | Principal Forbearance [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Consumer Portfolio Segment [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | 0 |
Consumer Portfolio Segment [Member] | Extended Maturity [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Consumer Portfolio Segment [Member] | Extended Maturity and Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Consumer Portfolio Segment [Member] | Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
Consumer Portfolio Segment [Member] | Principal Forbearance [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
State and Political Subdivisions [Member] | ||
Types of modification: | ||
Financing receivable, modifications | $ 0 | 0 |
State and Political Subdivisions [Member] | Extended Maturity [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
State and Political Subdivisions [Member] | Extended Maturity and Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
State and Political Subdivisions [Member] | Capitalization of Taxes [Member] | ||
Types of modification: | ||
Financing receivable, modifications | 0 | |
State and Political Subdivisions [Member] | Principal Forbearance [Member] | ||
Types of modification: | ||
Financing receivable, modifications | $ 0 |
Note 5 - Income Taxes (Details)
Note 5 - Income Taxes (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | |||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% | 34.00% | |
Operating Loss Carryforwards | $ 55,600 | $ 55,600 | |
Deferred Tax Assets, Operating Loss Carryforwards | 18,900 | ||
Charitable Contribution Carry Overs | 1,000 | 1,000 | |
Deferred Tax Assets, Charitable Contribution Carryforwards | 355 | ||
Deferred Tax Assets, Tax Credit Carryforwards, Alternative Minimum Tax | $ 2,500 | $ 2,500 |
Note 5 - Income Taxes (Detail44
Note 5 - Income Taxes (Details) - Effective Income Tax Rate Reconciliation - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Effective Income Tax Rate Reconciliation [Abstract] | ||
Provision at statutory tax rates (in Dollars) | $ 465 | $ 1,160 |
Provision at statutory tax rates | 34.00% | 34.00% |
Add (deduct): | ||
Tax effects of non-taxable income (in Dollars) | $ (128) | $ (127) |
Tax effects of non-taxable income | (9.35%) | (9.28%) |
Non-deductible interest expense (in Dollars) | $ 2 | $ 2 |
Non-deductible interest expense | 0.15% | 0.15% |
Bank-owned life insurance (in Dollars) | $ (49) | $ (46) |
Bank-owned life insurance | (3.58%) | (3.36%) |
Change in valuation allowance (in Dollars) | $ (8) | |
Change in valuation allowance | (0.58%) | 0.00% |
Other items, net (in Dollars) | $ (56) | $ (1,051) |
Other items, net | (4.09%) | (76.77%) |
Income tax provision (benefit) (in Dollars) | $ 226 | $ (62) |
Income tax provision (benefit) | 16.51% | (4.53%) |
Note 6 - Related Party Transa45
Note 6 - Related Party Transactions (Details) - USD ($) | Mar. 01, 2016 | Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | Dec. 31, 2014 |
Note 6 - Related Party Transactions (Details) [Line Items] | |||||
Loans and Leases Receivable, Net Amount | $ 719,523,000 | $ 724,926,000 | |||
Related Party Transaction, Interest Paid | 159,000 | ||||
Related Party Transaction, Payments of Previously Deferred and Accrued Interest | $ 10,800,000 | ||||
Directors Executive Officers and Their Related Parties [Member] | |||||
Note 6 - Related Party Transactions (Details) [Line Items] | |||||
Loans and Leases Receivable, Related Parties | 43,966,000 | $ 42,264,000 | 52,652,000 | $ 36,783,000 | |
Related Party Deposit Liabilities | 98,800,000 | 106,100,000 | |||
Related Party Transactions, Interest Paid On Deposits | 43,000 | 36,000 | |||
Related Party Transactions, Subordinated Debt | 8,600,000 | 8,600,000 | |||
Related Party Transaction, Interest Paid | 98,000 | 0 | |||
Related Party Transaction, Payments of Previously Deferred and Accrued Interest | $ 3,900,000 | ||||
Directors Executive Officers and Their Related Parties [Member] | Nonperforming Financial Instruments [Member] | |||||
Note 6 - Related Party Transactions (Details) [Line Items] | |||||
Loans and Leases Receivable, Related Parties | 0 | ||||
Director [Member] | |||||
Note 6 - Related Party Transactions (Details) [Line Items] | |||||
Related Party Transaction Amount of Participation Interest | 5,200,000 | ||||
Related Party Transaction Amount of Participation Interest Outstanding | $ 4,400,000 | ||||
Director [Member] | Annual Servicing Fee on Participation Balance [Member] | |||||
Note 6 - Related Party Transactions (Details) [Line Items] | |||||
Related Party Transaction, Rate | 0.25% | ||||
Related Party Two [Member] | |||||
Note 6 - Related Party Transactions (Details) [Line Items] | |||||
Related Party Transaction, Expenses from Transactions with Related Party | $ 435,000 | $ 406,000 | |||
Line of Credit [Member] | Director [Member] | Commercial Loan [Member] | |||||
Note 6 - Related Party Transactions (Details) [Line Items] | |||||
Loans and Leases Receivable, Net Amount | $ 11,000,000 |
Note 6 - Related Party Transa46
Note 6 - Related Party Transactions (Details) - Related Party Loans - Directors Executive Officers and Their Related Parties [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Related Party Transaction [Line Items] | ||
Balance January 1, | $ 52,652 | $ 36,783 |
Additions, new loans and advances | 5,995 | 23,888 |
Repayments | (14,681) | (18,407) |
Balance March 31, | $ 43,966 | $ 42,264 |
Note 7 - Contingencies (Details
Note 7 - Contingencies (Details) | Dec. 17, 2015USD ($) | Apr. 01, 2014USD ($) | Mar. 28, 2014USD ($) | Mar. 31, 2016USD ($) | Feb. 04, 2014USD ($) | Dec. 31, 2013USD ($) |
Note 7 - Contingencies (Details) [Line Items] | ||||||
Derivative Liability | $ 5,000,000 | |||||
Litigation Settlement, Amount | $ 5,000,000 | |||||
Accrued Liabilities and Other Liabilities | $ 2,500,000 | $ 2,500,000 | ||||
Payments for Litigation Settlement Fees and Costs | $ 2,500,000 | |||||
Partial Indemnification Individual Defendants Paid | $ 2,500,000 | |||||
Consumer Protection Class Action [Member] | ||||||
Note 7 - Contingencies (Details) [Line Items] | ||||||
Litigation Settlement, Amount | $ 750,000 | |||||
Loss Contingency, Number of Plaintiffs | 430 | |||||
Aggregate Amount Received by Defendants, Unjust Enrichment, Maximum | $ 45,000 | |||||
Consumer Class Action [Member] | ||||||
Note 7 - Contingencies (Details) [Line Items] | ||||||
Litigation Settlement, Amount | $ 750,000 | |||||
Loss Contingency, Number of Plaintiffs | 430 | |||||
Aggregate Amount Received by Defendants, Unjust Enrichment, Maximum | $ 45,000 |
Note 8 - Stock Compensation P48
Note 8 - Stock Compensation Plans (Details) - USD ($) | Mar. 01, 2016 | Mar. 01, 2015 | Mar. 01, 2014 | Aug. 30, 2000 | Mar. 31, 2016 | Mar. 31, 2015 | Oct. 23, 2013 |
Note 8 - Stock Compensation Plans (Details) [Line Items] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 67,600 | ||||||
The 2000 Employee Stock Incentive Plan [Member] | |||||||
Note 8 - Stock Compensation Plans (Details) [Line Items] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Exercise Period | 6 months | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||||||
Allocated Share-based Compensation Expense | $ 0 | $ 0 | |||||
Long-Term Incentive Compensation Plan [Member] | |||||||
Note 8 - Stock Compensation Plans (Details) [Line Items] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,200,000 | ||||||
Allocated Share-based Compensation Expense | $ 30,000 | $ 41,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 1,002,916 | ||||||
Employee Stock Option [Member] | The 2000 Employee Stock Incentive Plan [Member] | |||||||
Note 8 - Stock Compensation Plans (Details) [Line Items] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,100,000 | ||||||
Restricted Stock [Member] | |||||||
Note 8 - Stock Compensation Plans (Details) [Line Items] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 67,600 | 84,900 | |||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 747,000 | $ 659,000 | |||||
Restricted Stock [Member] | Long-Term Incentive Compensation Plan [Member] | |||||||
Note 8 - Stock Compensation Plans (Details) [Line Items] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 84,900 | 45,750 |
Note 8 - Stock Compensation P49
Note 8 - Stock Compensation Plans (Details) - Unvested Restricted Stock Awards - $ / shares | Mar. 01, 2016 | Mar. 31, 2016 | Mar. 31, 2015 |
Note 8 - Stock Compensation Plans (Details) - Unvested Restricted Stock Awards [Line Items] | |||
Awards granted | 67,600 | ||
Restricted Stock [Member] | |||
Note 8 - Stock Compensation Plans (Details) - Unvested Restricted Stock Awards [Line Items] | |||
Unvested at January 1, | 112,958 | 45,750 | |
Unvested at January 1, | $ 5.99 | $ 6.70 | |
Awards granted | 67,600 | 84,900 | |
Awards granted | $ 5.53 | $ 5.75 | |
Forfeitures | 0 | (333) | |
Forfeitures | $ 0 | $ 6.70 | |
Vestings | (16,187) | (16,526) | |
Vestings | $ 6.70 | $ 6.70 | |
Unvested at March 31, | 164,371 | 113,791 | |
Unvested at March 31, | $ 5.73 | $ 5.99 |
Note 9 - Regulatory Matters (De
Note 9 - Regulatory Matters (Details) - $ / shares | Apr. 27, 2016 | Mar. 15, 2016 | Jan. 27, 2016 | Jan. 01, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2014 |
Note 9 - Regulatory Matters (Details) [Line Items] | |||||||
Common Stock, Dividends, Per Share, Cash Paid (in Dollars per share) | $ 0.02 | $ 0.02 | |||||
Common Stock, Dividends, Per Share, Declared (in Dollars per share) | $ 0.02 | $ 0.02 | $ 0 | ||||
Capital to Risk Weighted Assets | 8.00% | ||||||
Tier One Risk Based Capital to Risk Weighted Assets | 6.00% | 4.00% | |||||
Common Equity Tier One Capital to Risk-Weighted Assets | 4.50% | ||||||
Tier One Leverage Capital to Average Assets | 4.00% | ||||||
Common Equity Tier One Capital Conservation Buffer, Implementation of Deductions and Other Adjustments to Common Equity Tier One Capital, Phase-in Percentage, Year 1 | 40.00% | ||||||
Common Equity Tier One Capital Conservation Buffer, Implementation of Deductions and Other Adjustments to Common Equity Tier One Capital, Phase-in Percentage, Year 2 | 60.00% | ||||||
Common Equity Tier One Capital Conservation Buffer, Implementation of Deductions and Other Adjustments to Common Equity Tier One Capital, Phase-in Percentage, After Year Two | 20.00% | ||||||
Subsequent Event [Member] | |||||||
Note 9 - Regulatory Matters (Details) [Line Items] | |||||||
Common Stock, Dividends, Per Share, Declared (in Dollars per share) | $ 0.02 | ||||||
Effective January 2019 [Member] | |||||||
Note 9 - Regulatory Matters (Details) [Line Items] | |||||||
Common Equity Tier One Capital Conservation Buffer | 2.50% | ||||||
Effective January 2016 [Member] | |||||||
Note 9 - Regulatory Matters (Details) [Line Items] | |||||||
Common Equity Tier One Capital Conservation Buffer | 0.625% |
Note 9 - Regulatory Matters (51
Note 9 - Regulatory Matters (Details) - Risk-based Capital and Related Ratios - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Total capital (to risk-weighted assets)-Ratio | 8.00% | ||
Total capital (to risk-weighted assets)-To be well capitalized under prompt corrective action | 10.00% | 10.00% | |
Total capital (to risk-weighted assets)-Minimum required for capital adequacy purposes | 8.00% | 8.00% | |
Total capital (to risk-weighted assets)-Minimum required for capital adequacy purposes with conservation buffer | 8.625% | ||
Tier I capital (to risk-weighted assets)-Ratio | 6.00% | 4.00% | |
Tier I capital (to risk-weighted assets)-To be well capitalized under prompt corrective action | 8.00% | 8.00% | |
Tier I capital (to risk-weighted assets)-Minimum required for capital adequacy purposes | 6.00% | 6.00% | |
Tier I capital (to risk-weighted assets)-Minimum required for capital adequacy purposes with conservation buffer | 6.625% | ||
Tier I common equity (to risk-weighted assets)-Ratio | 4.50% | ||
Tier I common equity (to risk-weighted assets)-To be well capitalized under prompt corrective action | 6.50% | 6.50% | |
Tier I common equity (to risk-weighted assets)-Minimum required for capital adequacy purposes | 4.50% | 4.50% | |
Tier I common equity (to risk-weighted assets)-Minimum required for capital adequacy purposes with conservation buffer | 5.125% | ||
Tier I capital (to average assets)-Ratio | 4.00% | ||
Tier I capital (to average assets)-To be well capitalized under prompt corrective action | 5.00% | 5.00% | |
Tier I capital (to average assets)-Minimum required for capital adequacy purposes | 4.00% | 4.00% | |
Tier I capital (to average assets)-Minimum required for capital adequacy purposes with conservation buffer | 4.00% | ||
Parent Company [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Total capital (to risk-weighted assets)-Amount (in Dollars) | $ 93,147 | $ 93,835 | |
Total capital (to risk-weighted assets)-Ratio | 11.81% | 11.79% | |
Tier I capital (to risk-weighted assets)-Amount (in Dollars) | $ 75,864 | $ 74,945 | |
Tier I capital (to risk-weighted assets)-Ratio | 9.62% | 9.42% | |
Tier I common equity (to risk-weighted assets)-Amount (in Dollars) | $ 74,385 | $ 74,945 | |
Tier I common equity (to risk-weighted assets)-Ratio | 9.43% | 9.42% | |
Tier I capital (to average assets)-Amount (in Dollars) | $ 74,385 | $ 74,945 | |
Tier I capital (to average assets)-Ratio | 7.08% | 7.27% | |
Total risk-weighted assets (in Dollars) | $ 789,005 | $ 795,887 | |
Total average assets (in Dollars) | 1,071,263 | 1,031,426 | |
Subsidiaries [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Total capital (to risk-weighted assets)-Amount (in Dollars) | $ 100,343 | $ 110,039 | |
Total capital (to risk-weighted assets)-Ratio | 12.72% | 13.83% | |
Tier I capital (to risk-weighted assets)-Amount (in Dollars) | $ 91,460 | $ 100,949 | |
Tier I capital (to risk-weighted assets)-Ratio | 11.60% | 12.69% | |
Tier I common equity (to risk-weighted assets)-Amount (in Dollars) | $ 91,460 | $ 100,949 | |
Tier I common equity (to risk-weighted assets)-Ratio | 11.60% | 12.69% | |
Tier I capital (to average assets)-Amount (in Dollars) | $ 91,460 | $ 100,949 | |
Tier I capital (to average assets)-Ratio | 8.54% | 9.79% | |
Total risk-weighted assets (in Dollars) | $ 788,608 | $ 795,490 | |
Total average assets (in Dollars) | $ 1,071,180 | $ 1,030,828 |
Note 10 - Fair Value Measurem52
Note 10 - Fair Value Measurements (Details) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Note 10 - Fair Value Measurements (Details) [Line Items] | |||
Available-for-sale securities, fair value | $ 263,523,000 | $ 253,773,000 | $ 253,773,000 |
Fair Value, Inputs, Level 3 [Member] | |||
Note 10 - Fair Value Measurements (Details) [Line Items] | |||
Available-for-sale securities, fair value | $ 0 | $ 0 | $ 0 |
Note 10 - Fair Value Measurem53
Note 10 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Recurring Basis - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 |
Available-for-sale securities: | |||
Available-for-sale securities, fair value | $ 263,523,000 | $ 253,773,000 | $ 253,773,000 |
US Government Agencies Debt Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 38,916,000 | 44,043,000 | 44,043,000 |
US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 87,558,000 | 75,407,000 | 75,407,000 |
Residential Mortgage Backed Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 18,552,000 | 18,098,000 | 18,098,000 |
Corporate Debt Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 387,000 | 423,000 | 423,000 |
Negotiable Certificates of Deposit [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 3,222,000 | 3,162,000 | 3,162,000 |
Equity Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 959,000 | 948,000 | 948,000 |
Residential Mortgage [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 21,859,000 | 22,269,000 | 22,269,000 |
Commercial Loan [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 92,070,000 | 89,423,000 | 89,423,000 |
Fair Value, Inputs, Level 1 [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 959,000 | 948,000 | |
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Residential Mortgage Backed Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Negotiable Certificates of Deposit [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 959,000 | 948,000 | |
Fair Value, Inputs, Level 1 [Member] | Residential Mortgage [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Commercial Loan [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 2 [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 262,564,000 | 252,825,000 | |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 38,916,000 | 44,043,000 | |
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 87,558,000 | 75,407,000 | |
Fair Value, Inputs, Level 2 [Member] | Residential Mortgage Backed Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 18,552,000 | 18,098,000 | |
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 387,000 | 423,000 | |
Fair Value, Inputs, Level 2 [Member] | Negotiable Certificates of Deposit [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 3,222,000 | 3,162,000 | |
Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Residential Mortgage [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 21,859,000 | 22,269,000 | |
Fair Value, Inputs, Level 2 [Member] | Commercial Loan [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 92,070,000 | 89,423,000 | |
Fair Value, Inputs, Level 3 [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | $ 0 | $ 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Residential Mortgage Backed Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Negotiable Certificates of Deposit [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Residential Mortgage [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | 0 | ||
Fair Value, Inputs, Level 3 [Member] | Commercial Loan [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities: | |||
Available-for-sale securities, fair value | $ 0 |
Note 10 - Fair Value Measurem54
Note 10 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Non-Recurring Basis and Quantitative Information - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Note 10 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Non-Recurring Basis and Quantitative Information [Line Items] | ||
Recorded Investment | $ 7,433 | $ 7,961 |
Related Allowance | 334 | 381 |
Related Allowance | 334 | 381 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Market Approach Valuation Technique [Member] | Impaired Loans, Collateral Dependent [Member] | ||
Note 10 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Non-Recurring Basis and Quantitative Information [Line Items] | ||
Recorded Investment | 503 | 718 |
Related Allowance | 84 | 124 |
Fair Value | $ 419 | $ 594 |
Selling costs | 10.00% | 10.00% |
Related Allowance | $ 84 | $ 124 |
Fair Value | $ 419 | 594 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | ||
Note 10 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Non-Recurring Basis and Quantitative Information [Line Items] | ||
Recorded Investment | 3,104 | |
Fair Value | $ 3,104 | |
Selling costs | 10.00% | 10.00% |
Fair Value | $ 3,104 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Income Approach Valuation Technique [Member] | Impaired Loans, Other [Member] | ||
Note 10 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Non-Recurring Basis and Quantitative Information [Line Items] | ||
Recorded Investment | $ 3,185 | 3,757 |
Related Allowance | 250 | 257 |
Fair Value | 2,935 | 3,500 |
Related Allowance | 250 | 257 |
Fair Value | $ 2,935 | $ 3,500 |
Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Income Approach Valuation Technique [Member] | Impaired Loans, Other [Member] | ||
Note 10 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Non-Recurring Basis and Quantitative Information [Line Items] | ||
Discount rate | 3.00% | 3.00% |
Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Income Approach Valuation Technique [Member] | Impaired Loans, Other [Member] | ||
Note 10 - Fair Value Measurements (Details) - Assets Measured at Fair Value on a Non-Recurring Basis and Quantitative Information [Line Items] | ||
Discount rate | 7.50% | 7.50% |
Note 10 - Fair Value Measurem55
Note 10 - Fair Value Measurements (Details) - Estimated Fair Values of the Company's Financial Instruments - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 |
Financial assets | ||||
Cash and short term investments | $ 18,214,000 | $ 21,083,000 | $ 37,375,000 | $ 35,667,000 |
Securities available for sale | 263,523,000 | 253,773,000 | 253,773,000 | |
FHLB and FRB Stock | 5,300,000 | 7,700,000 | ||
Loans held for sale | 455,000 | 683,000 | ||
Accrued interest receivable | 2,854,000 | 2,475,000 | ||
Financial liabilities | ||||
Deposits | 883,125,000 | 821,546,000 | ||
Borrowed funds | 98,821,000 | 160,112,000 | ||
Accrued interest payable | 333,000 | 11,165,000 | ||
Fair Value, Inputs, Level 1 [Member] | ||||
Financial assets | ||||
Securities available for sale | 959,000 | 948,000 | ||
Fair Value, Inputs, Level 2 [Member] | ||||
Financial assets | ||||
Securities available for sale | 262,564,000 | 252,825,000 | ||
Fair Value, Inputs, Level 3 [Member] | ||||
Financial assets | ||||
Securities available for sale | 0 | 0 | $ 0 | |
Reported Value Measurement [Member] | ||||
Financial assets | ||||
Securities available for sale | 263,523,000 | 253,773,000 | ||
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Financial assets | ||||
Cash and short term investments | 18,214,000 | 21,083,000 | ||
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Financial assets | ||||
FHLB and FRB Stock | 5,283,000 | 7,695,000 | ||
Loans held for sale | 455,000 | 683,000 | ||
Accrued interest receivable | 2,854,000 | 2,475,000 | ||
Financial liabilities | ||||
Deposits | 883,125,000 | 821,546,000 | ||
Borrowed funds | 98,621,000 | 160,112,000 | ||
Accrued interest payable | 333,000 | 11,165,000 | ||
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial assets | ||||
Loans, net | 719,523,000 | 724,926,000 | ||
Mortgage servicing rights | 227,000 | 240,000 | ||
Estimate of Fair Value Measurement [Member] | ||||
Financial assets | ||||
Securities available for sale | 263,523,000 | 253,773,000 | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
Financial assets | ||||
Cash and short term investments | 18,214,000 | 21,083,000 | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||||
Financial assets | ||||
FHLB and FRB Stock | 5,283,000 | 7,695,000 | ||
Loans held for sale | 455,000 | 683,000 | ||
Accrued interest receivable | 2,854,000 | 2,475,000 | ||
Financial liabilities | ||||
Deposits | 872,592,000 | 798,466,000 | ||
Borrowed funds | 99,279,000 | 160,266,000 | ||
Accrued interest payable | 333,000 | 11,165,000 | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Financial assets | ||||
Loans, net | 716,554,000 | 716,412,000 | ||
Mortgage servicing rights | $ 817,000 | $ 880,000 |
Note 11 - Earnings Per Share (D
Note 11 - Earnings Per Share (Details) - shares | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Restricted Stock [Member] | ||
Note 11 - Earnings Per Share (Details) [Line Items] | ||
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements | 0 | 0 |
Employee Stock Option [Member] | ||
Note 11 - Earnings Per Share (Details) [Line Items] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 50,746 | 64,479 |
Note 11 - Earnings Per Share 57
Note 11 - Earnings Per Share (Details) - Calculation of Basic and Diluted Earnings Per Common Share - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Calculation of Basic and Diluted Earnings Per Common Share [Abstract] | ||
Net income (in Dollars) | $ 1,143 | $ 3,475 |
Basic weighted-average number of common shares outstanding | 16,519,759 | 16,490,111 |
Plus: Common share equivalents | 0 | 0 |
Diluted weighted-average number of common shares outstanding | 16,519,759 | 16,490,111 |
Income per common share: | ||
Basic (in Dollars per share) | $ 0.07 | $ 0.21 |
Diluted (in Dollars per share) | $ 0.07 | $ 0.21 |
Note 12 - Other Comprehensive58
Note 12 - Other Comprehensive Income (Details) - Reclassifications Out of Accumulated Other Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Available-for-sale securities: | ||
Reclassification adjustment for net gains reclassified into net income | $ (103) | $ (2,224) |
Taxes | 226 | (62) |
Net of tax amount | 68 | 1,468 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||
Available-for-sale securities: | ||
Taxes | 35 | 756 |
Net of tax amount | (68) | (1,468) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Investment Gain (Loss) Including Portion Attributable to Noncontrolling Interest [Member] | ||
Available-for-sale securities: | ||
Reclassification adjustment for net gains reclassified into net income | $ (103) | $ (2,224) |
Note 12 - Other Comprehensive59
Note 12 - Other Comprehensive Income (Details) - Changes in Accumulated Other Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Changes in Accumulated Other Comprehensive Income [Abstract] | ||
Beginning balance | $ (238) | $ 1,138 |
Other comprehensive income before reclassifications | 5,088 | 2,296 |
Amounts reclassified from accumulated other comprehensive income | (68) | (1,468) |
Net other comprehensive income during the period | 5,020 | 828 |
Ending balance | $ 4,782 | $ 1,966 |