Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2017 | May 05, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | FNCB BANCORP, INC. | |
Entity Central Index Key | 1,035,976 | |
Trading Symbol | fncb | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 16,694,043 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Assets | ||
Cash and due from banks | $ 23,571 | $ 20,562 |
Interest-bearing deposits in other banks | 3,154 | 91,883 |
Total cash and cash equivalents | 26,725 | 112,445 |
Securities available for sale, at fair value | 284,965 | 272,676 |
Stock in Federal Home Loan Bank of Pittsburgh, at cost | 2,678 | 3,311 |
Loans held for sale | 563 | 596 |
Loans, net of allowance for loan and lease losses of $8,306 and $8,419 | 710,144 | 725,860 |
Bank premises and equipment, net | 10,914 | 10,784 |
Accrued interest receivable | 2,950 | 2,757 |
Bank-owned life insurance | 30,068 | 29,933 |
Other real estate owned | 1,352 | 2,048 |
Net deferred tax assets | 25,651 | 26,990 |
Other assets | 7,875 | 7,975 |
Total assets | 1,103,885 | 1,195,375 |
Liabilities | ||
Demand (non-interest-bearing) | 156,901 | 173,702 |
Interest-bearing | 766,525 | 841,437 |
Total deposits | 923,426 | 1,015,139 |
Borrowed funds: | ||
Federal Home Loan Bank of Pittsburgh advances | 56,632 | 58,537 |
Subordinated debentures | 10,000 | 10,000 |
Junior subordinated debentures | 10,310 | 10,310 |
Total borrowed funds | 76,942 | 78,847 |
Accrued interest payable | 225 | 242 |
Other liabilities | 10,107 | 11,000 |
Total liabilities | 1,010,700 | 1,105,228 |
Shareholders' equity | ||
Preferred shares | ||
Common shares | 20,865 | 20,807 |
Additional paid-in capital | 62,841 | 62,593 |
Retained earnings | 10,228 | 8,531 |
Accumulated other comprehensive loss | (749) | (1,784) |
Total shareholders' equity | 93,185 | 90,147 |
Total liabilities and shareholders’ equity | $ 1,103,885 | $ 1,195,375 |
Consolidated Statements of Fin3
Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans, allowance for loan and lease losses | $ 8,306 | $ 8,419 |
Preferred shares, par value (in dollars per share) | $ 1.25 | $ 1.25 |
Preferred shares, authorized (in shares) | 20,000,000 | 20,000,000 |
Preferred shares, issued (in shares) | 0 | 0 |
Preferred shares, outstanding (in shares) | 0 | 0 |
Common shares, par value (in dollars per share) | $ 1.25 | $ 1.25 |
Common shares, authorized (in shares) | 50,000,000 | 50,000,000 |
Common shares, issued (in shares) | 16,692,314 | 16,645,845 |
Common shares, outstanding (in shares) | 16,692,314 | 16,645,845 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Interest income | ||
Interest and fees on loans | $ 7,038 | $ 6,969 |
Interest and dividends on securities: | ||
U.S. government agencies | 900 | 930 |
State and political subdivisions, tax free | 23 | 10 |
State and political subdivisions, taxable | 822 | 535 |
Other securities | 66 | 96 |
Total interest and dividends on securities | 1,811 | 1,571 |
Interest on interest-bearing deposits in other banks | 90 | 4 |
Total interest income | 8,939 | 8,544 |
Interest expense | ||
Interest on deposits | 744 | 642 |
Interest on borrowed funds: | ||
Interest on Federal Home Loan Bank of Pittsburgh advances | 131 | 148 |
Interest on subordinated debentures | 112 | 159 |
Interest on junior subordinated debentures | 69 | 57 |
Total interest on borrowed funds | 312 | 364 |
Total interest expense | 1,056 | 1,006 |
Net interest income before (credit) provision for loan and lease losses | 7,883 | 7,538 |
(Credit) provision for loan and lease losses | (478) | 696 |
Net interest income after (credit) provision for loan and lease losses | 8,361 | 6,842 |
Non-interest income | ||
Deposit service charges | 691 | 701 |
Net gain on the sale of securities | 278 | 103 |
Net gain on the sale of mortgage loans held for sale | 25 | 68 |
Net gain on the sale of other repossessed assets | 57 | |
Net gain (loss) on the sale of other real estate owned | 51 | (5) |
Loan-related fees | 91 | 107 |
Income from bank-owned life insurance | 135 | 146 |
Other | 242 | 211 |
Total non-interest income | 1,570 | 1,331 |
Non-interest expense | ||
Salaries and employee benefits | 3,524 | 3,514 |
Occupancy expense | 587 | 493 |
Equipment expense | 460 | 423 |
Advertising expense | 114 | 93 |
Data processing expense | 487 | 523 |
Regulatory assessments | 173 | 237 |
Bank shares tax | 258 | 241 |
Expense of other real estate owned | 40 | 46 |
Legal expense | 68 | 120 |
Professional fees | 276 | 287 |
Insurance expense | 125 | 128 |
Other losses | 138 | 60 |
Other operating expenses | 678 | 639 |
Total non-interest expense | 6,928 | 6,804 |
Income before income tax expense | 3,003 | 1,369 |
Income tax expense | 806 | 226 |
Net income | $ 2,197 | $ 1,143 |
Earnings per share | ||
Basic (in dollars per share) | $ 0.13 | $ 0.07 |
Diluted (in dollars per share) | 0.13 | 0.07 |
Cash dividends declared per common share (in dollars per share) | $ 0.03 | $ 0.02 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: | ||
Basic (in shares) | 16,657,551 | 16,519,759 |
Diluted (in shares) | 16,670,788 | 16,520,580 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Net income | $ 2,197 | $ 1,143 |
Other comprehensive income: | ||
Unrealized gains on securities available for sale | 1,846 | 7,709 |
Taxes | (628) | (2,621) |
Net of tax amount | 1,218 | 5,088 |
Reclassification adjustment for gains included in net income | (278) | (103) |
Taxes | 95 | 35 |
Net of tax amount | (183) | (68) |
Total other comprehensive income | 1,035 | 5,020 |
Comprehensive income | $ 3,232 | $ 6,163 |
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 (in shares) at Dec. 31, 2015 | 16,514,245 | ||||
Balances at Dec. 31, 2015 | $ 20,643 | $ 62,059 | $ 3,714 | $ (238) | $ 86,178 |
Net income for the period | 1,143 | 1,143 | |||
Cash dividends | (330) | (330) | |||
Common shares issued under long-term incentive compensation plan (in shares) | 16,187 | ||||
Common shares issued under long-term incentive compensation plan | $ 20 | (20) | |||
Restricted stock awards | 30 | 30 | |||
Other comprehensive income (loss), net of tax | 5,020 | 5,020 | |||
Balances (in shares) at Mar. 31, 2016 | 16,530,432 | ||||
Balances at Mar. 31, 2016 | $ 20,663 | 62,069 | 4,527 | 4,782 | 92,041 |
Other comprehensive income, net of tax of $533 | 5,020 | 5,020 | |||
Balances (in shares) at Dec. 31, 2016 | 16,645,845 | ||||
Balances at Dec. 31, 2016 | $ 20,807 | 62,593 | 8,531 | (1,784) | 90,147 |
Net income for the period | 2,197 | 2,197 | |||
Cash dividends | (500) | (500) | |||
Common shares issued under long-term incentive compensation plan (in shares) | 11,090 | ||||
Common shares issued under long-term incentive compensation plan | $ 14 | (14) | |||
Restricted stock awards | 74 | 74 | |||
Other comprehensive income (loss), net of tax | 1,035 | 1,035 | |||
Balances (in shares) at Mar. 31, 2017 | 16,692,314 | ||||
Balances at Mar. 31, 2017 | $ 20,865 | 62,841 | $ 10,228 | (749) | 93,185 |
Common shares issued through dividend reinvestment / optional cash purchase plan (in shares) | 35,379 | ||||
Common shares issued through dividend reinvestment / optional cash purchase plan | $ 44 | $ 188 | 232 | ||
Other comprehensive income, net of tax of $533 | $ 1,035 | $ 1,035 |
Consolidated Statements of Cha7
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Retained Earnings [Member] | ||
Cash dividends declared, per share (in dollars per share) | $ 0.02 | |
AOCI Attributable to Parent [Member] | ||
Other comprehensive income (loss), tax | $ 2,586 | |
Cash dividends declared, per share (in dollars per share) | $ 0.03 | $ 0.02 |
Other comprehensive income (loss), tax | $ 533 | |
Cash dividends paid, per share (in dollars per share) | $ 0.03 | $ 0.02 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Operating activities: | ||
Net income | $ 2,197 | $ 1,143 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Investment securities amortization, net | 270 | 284 |
Equity in trust | (2) | (2) |
Depreciation and amortization | 681 | 652 |
Valuation adjustment for loan servicing rights | (4) | |
Stock-based compensation expense | 74 | 30 |
(Credit) provision for loan and lease losses | (478) | 696 |
Valuation adjustment for off-balance sheet commitments | 9 | (51) |
Gain on the sale of available-for-sale securities | (278) | (103) |
Gain on the sale of mortgage loans held for sale | (25) | (68) |
(Gain) loss on the sale of other real estate owned | (51) | 5 |
Gain on the sale of other repossessed assets | (57) | |
Loss on disposition of bank premises and equipment | 41 | |
Income from bank-owned life insurance | (135) | (146) |
Proceeds from the sale of mortgage loans held for sale | 1,846 | 1,766 |
Funds used to originate mortgage loans held for sale | (1,788) | (1,470) |
Deferred income tax expense | 806 | 226 |
Increase in interest receivable | (193) | (379) |
(Increase) decrease in prepaid expenses and other assets | (50) | 450 |
Decrease in accrued interest payable | (17) | (10,832) |
Decrease in accrued expenses and other liabilities | (948) | (883) |
Total adjustments | (299) | (9,825) |
Net cash provided by (used in) operating activities | 1,898 | (8,682) |
Cash flows from investing activities: | ||
Maturities, calls and principal payments of securities available for sale | 1,018 | 1,645 |
Proceeds from the sale of securities available for sale | 23,171 | 6,192 |
Purchases of securities available for sale | (34,902) | (10,162) |
Redemption of the stock of the Federal Home Loan Bank of Pittsburgh | 633 | 2,412 |
Net decrease in loans to customers | 15,900 | 4,201 |
Proceeds from the sale of other real estate owned | 793 | 1,592 |
Proceeds from the sale of other repossessed assets | 185 | |
Purchases of bank premises and equipment | (530) | (25) |
Net cash provided by investing activities | 6,268 | 5,855 |
Cash flows from financing activities: | ||
Net (decrease) increase in deposits | (91,713) | 61,579 |
Net proceeds from (repayment of) Federal Home Loan Bank of Pittsburgh advances - overnight | 4,900 | (56,950) |
Proceeds from Federal Home Loan Bank of Pittsburgh advances - term | 14,241 | 9,362 |
Repayment of Federal Home Loan Bank of Pittsburgh advances - term | (21,046) | (13,703) |
Proceeds from issuance of common shares | 232 | |
Cash dividends paid | (500) | (330) |
Net cash used in financing activities | (93,886) | (42) |
Net decrease in cash and cash equivalents | (85,720) | (2,869) |
Cash and cash equivalents at beginning of period | 112,445 | 21,083 |
Cash and cash equivalents at end of period | 26,725 | 18,214 |
Supplemental cash flow information | ||
Interest | 1,073 | 11,838 |
Income taxes | ||
Other transactions: | ||
Change in deferred gain on sale of other real estate owned | 1 | 12 |
Investor Loans [Member] | ||
Other transactions: | ||
Loans transferred to other real estate owned | 45 | |
Principal Balance of Loans [member] | ||
Other transactions: | ||
Loans transferred to other real estate owned | $ 237 |
Note 1 - Basis of Presentation_
Note 1 - Basis of Presentation/Subsequent Event | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1. /Subsequent Event The consolidated financial statements of FNCB are comprised of the accounts of FNCB Bancorp, Inc., and its wholly owned subsidiary, FNCB 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 10 01 three March 31, 2017, may 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”), securities’ valuation and impairment evaluation, the valuation of other real estate owned (“OREO”), and 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 December 31, 2016. On May 1, 2017, ● On May 1, 2017, 1127 1001 ● On May 1 2017, three three 1) 734 2) 27 3) 3 three 315 1150 315, These initiatives will commence with the consolidation of the Honesdale, Pennsylvania branches during the second 2017. three second 2018. four |
Note 2 - New Authoritative Acco
Note 2 - New Authoritative Accounting Guidance | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 2. New Authoritative Accounting Guidance ASU 2016 09, 718): 2016 09 December 15, 2016 January 1, 2017 Accounting Guidance to be Adopted in Future Periods ASU 2017 08, 310): 2017 08 December 15, 2018 January 1, 2019 Refer to Note 2 2016 10 |
Note 3 - Securities
Note 3 - Securities | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | No te 3. The following tables present the amortized cost, gross unrealized gains and losses, and the fair value of FNCB’s securities at March 31, 2017 December 31, 2016: March 31, 2017 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale: Obligations of U.S. government agencies $ 7,439 $ 58 $ - $ 7,497 Obligations of state and political subdivisions 134,454 670 1,498 133,626 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 17,204 166 19 17,351 Collateralized mortgage obligations - commercial 99,114 210 692 98,632 Mortgage-backed securities 22,263 199 128 22,334 Corporate debt securities 500 - 47 453 Asset-backed securities 944 - 9 935 Negotiable certificates of deposit 3,172 32 - 3,204 Equity securities 1,010 - 77 933 Total available-for-sale securities $ 286,100 $ 1,335 $ 2,470 $ 284,965 December 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 $ 12,152 $ 36 $ - $ 12,188 Obligations of state and political subdivisions 119,919 257 2,303 117,873 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 17,969 155 40 18,084 Collateralized mortgage obligations - commercial 100,064 154 868 99,350 Mortgage-backed securities 20,593 159 176 20,576 Corporate debt securities 500 - 47 453 Asset-backed securites - - - - Negotiable certificates of deposit 3,172 44 - 3,216 Equity securities 1,010 - 74 936 Total available-for-sale securities $ 275,379 $ 805 $ 3,508 $ 272,676 At March 31, 2017 December 31, 2016, $282.6 $271.3 The following table shows the amortized cost and approximate fair value of FNCB’s available-for-sale debt securities at March 31, 2017 may March 31, 2017 Amortized Fair (in thousands) Cost Value Amounts maturing in: One year or less $ 248 $ 249 After one year through five years 29,187 29,284 After five years through ten years 113,611 112,773 After ten years 2,519 2,474 Collateralized mortgage obligations 116,318 115,983 Mortgage-backed securities 22,263 22,334 Asset-backed securities 944 935 Total $ 285,090 $ 284,032 Gross proceeds from the sale of available-for-sale securities were $23.2 $6.2 three March 31, 2017 March 31, 2016, $278 $103 no three March 31, 2017 2016. The following tables present the number, fair value and gross unrealized losses of available-for-sale securities with unrealized losses at March 31, 2017 December 31, 2016: March 31, 2017 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 72 67,214 1,498 - - - 72 67,214 1,498 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 2 4,400 19 1 136 - 3 4,536 19 Collateralized mortgage obligations - commercial 13 45,219 692 - - - 13 45,219 692 Mortgage-backed securities 5 5,925 128 - - - 5 5,925 128 Corporate debt securities - - - 1 453 47 1 453 47 Asset-backed securities 1 935 9 - - - 1 935 9 Negotiable certificates of deposit - - - - - - - - - Equity securities - - - 1 923 77 1 923 77 Total 93 $ 123,693 $ 2,346 3 $ 1,512 $ 124 96 $ 125,205 $ 2,470 December 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 Obligantions of U.S. government agencies - $ - $ - - $ - $ - - $ - $ - Obligations of state and policitical subdivisions 82 88,479 2,303 - - - 82 88,479 2,303 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 2 4,514 40 1 175 - 3 4,689 40 Collateralized mortgage obligations - commercial 17 70,146 868 - - - 17 70,146 868 Mortgage-backed securities 5 6,495 176 - - - 5 6,495 176 Corporate debt securities - - - 1 453 47 1 453 47 Asset-backed securities - - - - - - - - - Negotiable certificates of deposit - - - - - - - - - Equity securities - - - 1 926 74 1 926 74 Total 106 $ 169,634 $ 3,387 3 $ 1,554 $ 121 109 $ 171,188 $ 3,508 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 96 March 31, 2017, 72 21 one one one March 31, 2017 may March 31, 2017. not March 31, 2017. Investment in the Federal Home Loan Bank (“FHLB”) of Pittsburgh stock has limited marketability and is carried at cost. FNCB’s investment in FHLB of Pittsburgh stock totaled $2.7 $3.3 March 31, 2017 December 31, 2016, no March 31, 2017 December 31, 2016. |
Note 4 - Loans
Note 4 - Loans | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4. The following table summarizes loans receivable, net, by category at March 31, 2017 December 31, 2016: March 31, December 31, (in thousands) 2017 2016 Residential real estate $ 141,936 $ 144,260 Commercial real estate 241,020 243,830 Construction, land acquisition and development 21,731 18,357 Commercial and industrial 142,587 153,758 Consumer 126,985 127,844 State and political subdivisions 41,712 43,709 Total loans, gross 715,971 731,758 Unearned income (46 ) (48 ) Net deferred loan costs 2,525 2,569 Allowance for loan and lease losses (8,306 ) (8,419 ) Loans, net $ 710,144 $ 725,860 FNCB has granted loans, letters of credit and lines of credit to certain of its executive officers and directors as well as to certain of their related parties. For more information about related party transactions, refer to Note 7, FNCB originates one four secondary March 31, 2017, one four secondary $1.8 three March 31, 2017 2016 $25 $68 March 31, 2017 December 31, 2016, $563 $596 one four 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 March 31, 2017. 2, 2016 10 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 may The following table summarizes activity in the ALLL by loan category for the three March 31, 2017 2016: Real Estate Construction, Land State and Residential Commercial Acquisition and Commercial Political (in thousands) Real Estate Real Estate Development and Industrial Consumer Subdivisions Unallocated Total Three months ended March 31, 2017: Allowance for loan losses: Beginning balance, January 1, 2017 $ 1,171 $ 3,297 $ 268 $ 1,736 $ 1,457 $ 490 $ - $ 8,419 Charge-offs (49 ) - - (30 ) (218 ) - - (297 ) Recoveries 1 4 421 69 167 - - 662 Provisions (credits) 21 200 (466 ) (96 ) 4 (141 ) - (478 ) Ending balance, March 31, 2017 $ 1,144 $ 3,501 $ 223 $ 1,679 $ 1,410 $ 349 $ - $ 8,306 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 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, 2017 December 31, 2016: Real Estate Construction, Land State and Residential Commercial Acquisition and Commercial Political (in thousands) Real Estate Real Estate Development and Industrial Consumer Subdivisions Total March 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ 6 $ 578 $ - $ 1 $ - $ - $ 585 Collectively evaluated for impairment 1,138 2,923 223 1,678 1,410 349 7,721 Total $ 1,144 $ 3,501 $ 223 $ 1,679 $ 1,410 $ 349 $ 8,306 Loans receivable: Individually evaluated for impairment $ 1,874 $ 6,908 $ 98 $ 767 $ 296 $ - $ 9,943 Collectively evaluated for impairment 140,062 234,112 21,633 141,820 126,689 41,712 706,028 Total $ 141,936 $ 241,020 $ 21,731 $ 142,587 $ 126,985 $ 41,712 $ 715,971 December 31, 2016 Allowance for loan losses: Individually evaluated for impairment $ 29 $ 254 $ - $ 18 $ 1 $ - $ 302 Collectively evaluated for impairment 1,142 3,043 268 1,718 1,456 490 8,117 Total $ 1,171 $ 3,297 $ 268 $ 1,736 $ 1,457 $ 490 $ 8,419 Loans receivable: Individually evaluated for impairment $ 1,929 $ 2,937 $ 350 $ 91 $ 297 $ - $ 5,604 Collectively evaluated for impairment 142,331 240,893 18,007 153,667 127,547 43,709 726,154 Total $ 144,260 $ 243,830 $ 18,357 $ 153,758 $ 127,844 $ 43,709 $ 731,758 Credit Quality Indicators – Commercial Loans Management continuously monitors and evaluates 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. 2. 3. 4. 5. 6. 7. 8. 9. 10. This analysis is performed on a quarterly basis using the following definitions for risk ratings: Pass – Assets rated 1 5 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 The following tables present the recorded investment in loans receivable by loan category and credit quality indicator at March 31, 2017 December 31, 2016: Credit Quality Indicators March 31, 2017 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total (in thousands) Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 21,668 $ 387 $ 431 $ - $ - $ 22,486 $ 118,813 $ 637 $ 119,450 $ 141,936 Commercial real estate 227,214 4,967 8,839 - - 241,020 - - - 241,020 Construction, land acquisition and development 17,921 342 177 - - 18,440 3,291 - 3,291 21,731 Commercial and industrial 135,232 639 2,855 - - 138,726 3,861 - 3,861 142,587 Consumer 2,565 - 36 - - 2,601 124,243 141 124,384 126,985 State and political subdivisions 41,306 - 406 - - 41,712 - - - 41,712 Total $ 445,906 $ 6,335 $ 12,744 $ - $ - $ 464,985 $ 250,208 $ 778 $ 250,986 $ 715,971 Credit Quality Indicators December 31, 2016 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total (in thousands) Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 25,506 $ 394 $ 466 $ - $ - $ 26,366 $ 117,286 $ 608 $ 117,894 $ 144,260 Commercial real estate 233,523 4,911 5,396 - - 243,830 - - - 243,830 Construction, land acquisition and development 14,101 346 448 - - 14,895 3,462 - 3,462 18,357 Commercial and industrial 145,794 2,794 1,128 - - 149,716 4,042 - 4,042 153,758 Consumer 2,699 - 37 - - 2,736 124,935 173 125,108 127,844 State and political subdivisions 40,424 2,964 321 - - 43,709 - - - 43,709 Total $ 462,047 $ 11,409 $ 7,796 $ - $ - $ 481,252 $ 249,725 $ 781 $ 250,506 $ 731,758 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 $1.9 $2.2 March 31, 2017 December 31, 2016, 90 six may may 90 no 90 March 31, 2017 December 31, 2016. The following tables present the delinquency status of past due and non-accrual loans at March 31, 2017 December 31, 2016: March 31, 2017 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 $ 140,520 $ 458 $ 177 $ - $ 141,155 Commercial real estate 238,903 636 533 - 240,072 Construction, land acquisition and development 21,378 342 - - 21,720 Total real estate 400,801 1,436 710 - 402,947 Commercial and industrial 142,189 338 19 - 142,546 Consumer 125,910 765 169 - 126,844 State and political subdivisions 41,712 - - - 41,712 Total performing (accruing) loans 710,612 2,539 898 - 714,049 Non-accrual loans: Real estate: Residential real estate 374 - 32 375 781 Commercial real estate 128 - 84 736 948 Construction, land aquisition and development - - - 11 11 Total real estate 502 - 116 1,122 1,740 Commercial and industrial - - - 41 41 Consumer 65 17 3 56 141 State and political subdivisions - - - - - Total non-accrual loans 567 17 119 1,219 1,922 Total loans receivable $ 711,179 $ 2,556 $ 1,017 $ 1,219 $ 715,971 December 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 $ 143,142 $ 229 $ 107 $ - $ 143,478 Commercial real estate 241,477 830 553 - 242,860 Construction, land acquisition and development 17,766 346 - - 18,112 Total real estate 402,385 1,405 660 - 404,450 Commercial and industrial 153,378 307 9 - 153,694 Consumer 126,341 1,030 300 - 127,671 State and political subdivisions 43,709 - - - 43,709 Total peforming (accruing) loans 725,813 2,742 969 - 729,524 Non-accrual loans: Real estate: Residential real estate 176 202 17 387 782 Commercial real estate 201 23 - 746 970 Construction, land acquisition and development - 245 - - 245 Total real estate 377 470 17 1,133 1,997 Commercial and industrial - - - 64 64 Consumer 56 25 2 90 173 State and political subdivisions - - - - - Total non-accrual loans 433 495 19 1,287 2,234 Total loans receivable $ 726,246 $ 3,237 $ 988 $ 1,287 $ 731,758 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, March 31, 2017 December 31, 2016. $100 450. $100 450 $0.8 March 31, 2017 December 31, 2016. March 31, 2017 Unpaid Recorded Principal Related (in thousands) Recorded Investment Balance Related Allowance With no allowance recorded: Real estate: Residential real estate $ 469 $ 551 $ - Commercial real estate 1,043 1,103 - Construction, land acquisition and development 98 98 - Total real estate loans 1,610 1,752 - Commercial and industrial 22 53 - Consumer - - - State and political subdivisions - - - Total impaired loans with no related allowance recorded 1,632 1,805 - With a related allowance recorded: Real estate: Residential real estate 1,405 1,443 6 Commercial real estate 5,865 5,865 578 Construction, land acquisition and development - - - Total real estate loans 7,270 7,308 584 Commercial and industrial 745 745 1 Consumer 296 296 - State and political subdivisions - - - Total impaired loans with a related allowance recorded 8,311 8,349 585 Total impaired loans: Real estate: Residential real estate 1,874 1,994 6 Commercial real estate 6,908 6,968 578 Construction, land acquisition and development 98 98 - Total real estate loans 8,880 9,060 584 Commercial and industrial 767 798 1 Consumer 296 296 - State and political subdivisions - - - Total impaired loans $ 9,943 $ 10,154 $ 585 December 31, 2016 Unpaid Recorded Principal Related (in thousands) Investment Balance Allowance With no allowance recorded: Real estate: Residential real estate $ 386 $ 477 $ - Commercial real estate 1,066 1,143 - Construction, land acquisition and development 350 766 - Total real estate loans 1,802 2,386 - Commercial and industrial 73 105 - Consumer - - - State and political subdivisions - - - Total impaired loans with no related allowance recorded 1,875 2,491 - With a related allowance recorded: Real estate: Residential real estate 1,543 1,543 29 Commercial real estate 1,871 1,871 254 Construction, land acquisition and development - - - Total real estate loans 3,414 3,414 283 Commercial and industrial 18 18 18 Consumer 297 297 1 State and political subdivisions - - - Total impaired loans with a related allowance recorded 3,729 3,729 302 Total impaired loans: Real estate: Residential real estate 1,929 2,020 29 Commercial real estate 2,937 3,014 254 Construction, land acquisition and development 350 766 - Total real estate loans 5,216 5,800 283 Commercial and industrial 91 123 18 Consumer 297 297 1 State and political subdivisions - - - Total impaired loans $ 5,604 $ 6,220 $ 302 The total recorded investment in impaired loans, which consists of non-accrual loans with an aggregate loan relationship greater than $100 $9.9 $5.6 March 31, 2017 December 31, 2016, $0.6 March 31, 2017 $0.3 December 31, 2016. The following table presents the average balance and interest income by loan category recognized on impaired loans for the three March 31, 2017 2016: Three Months Ended March 31, 2017 2016 (in thousands) Average Balance Interest Income (1) Average Balance Interest Income (1) Real estate: Residential real estate $ 1,906 $ 21 $ 2,876 $ 26 Commercial real estate 4,241 40 3,782 23 Construction, land acquisition and development 159 1 566 3 Total real estate 6,306 62 7,224 52 Commercial and industrial 315 5 201 1 Consumer 296 3 350 3 State and political subdivisions - - - - Total impaired loans $ 6,917 $ 70 $ 7,775 $ 56 (1) 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 $27 $67 three March 31, 2017 2016, Troubled Debt Restructured Loans TDRs at March 31, 2017 December 31, 2016 $9.0 $4.3 $8.8 $0.2 March 31, 2017, $4.2 $0.1 December 31, 2016. $585 $261 March 31, 2017 December 31, 2016, not March 31, 2017. The modification of the terms of such loans may one The following table shows the pre- and post-modification recorded investment in loans modified as TDRs during the three March 31, 2017 2016: Three Months Ended March 31, 2017 2016 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 - $ - $ - - $ - $ - Commercial real estate 1 4,022 4,022 - - - Construction, land acquisition and development - - - - - - Commercial and industrial 1 695 695 - - - Consumer - - - - - - State and political subdivisions - - - - - - Total new troubled debt restructurings 2 $ 4,717 $ 4,717 - $ - $ - The following table presents the types of modifications made during the three March 31, 2017: Three months ended March 31, 2017 (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 $ - $ - $ - $ - $ - Commercial real estate - - - 4,022 4,022 Construction, land acquisition and development - - - - - Commercial and industrial - - - 695 695 Consumer - - - - - State and political subdivisions - - - - - Total modifications $ - $ - $ - $ 4,717 $ 4,717 There were no three March 31, 2016. two three March 31, 2017 $337 The following table presents the number and recorded investment of TDRs that were modified within the previous 12 90 three March 31, 2017 2016: Three Months Ended March 31, 2017 2016 Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Troubled debt restructurings: Residential real estate - $ - 2 $ 70 Commercial real estate - - - - Construction, land acquisition and development 1 10 - - Commercial and industrial - - - - Consumer - - - - State and political subdivisions - - - - Total TDR defaults 1 $ 10 2 $ 70 Residential Real Estate Loan Foreclosures As of March 31, 2017 2016, four five $91 $163 one $45 three March 31, 2017. three March 31, 2016, one $237 three March 31, 2017 2016, $86 $278 |
Note 5 - Deposits
Note 5 - Deposits | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 5 . D eposits The following table presents deposits by major category at March 31, 2017 December 31, 2016: March 31, December 31, (in thousands) 2017 2016 Demand (non-interest bearing) $ 156,901 $ 173,702 Interest-bearing: Interest-bearing demand 462,147 551,114 Savings 103,290 103,241 Time ($250,000 and over) 44,755 35,917 Other time 156,333 151,165 Total interest-bearing 766,525 841,437 Total deposits $ 923,426 $ 1,015,139 Total deposits decreased $91.7 $923.4 March 31, 2017 $1.015 December 31, 2016. $16.8 $156.9 March 31, 2017 $173.7 December 31, 2016. $74.9 $766.5 March 31, 2017 $841.4 December 31, 2016. December 2016, |
Note 6 - Income Taxes
Note 6 - Income Taxes | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 6 . Income Taxes The following table presents a reconciliation between the effective income tax expense and the income tax expense that would have been provided at the federal statutory tax rate of 34.0% three March 31, 2017 2016. For the Three Months Ended March 31, 2017 2016 (in thousands) Amount % Amount % Provision at statutory tax rates $ 1,021 34.00 % $ 465 34.00 % Add (deduct): Tax effects of non-taxable income (122 ) (4.06% ) (128 ) (9.35% ) Non-deductible interest expense 3 0.07 % 2 0.15 % Bank-owned life insurance (46 ) (1.53% ) (49 ) (3.58% ) Change in valuation allowance - 0.00 % (8 ) (0.58% ) Other items, net (50 ) (1.63% ) (56 ) (4.09% ) Income tax provision $ 806 26.84 % $ 226 16.51 % As of March 31, 2017, $50.4 $17.1 2030, December 31, 2016, $0.7 $2.6 December 31, 2017 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 Management performed an evaluation of FNCB’s deferred tax assets at March 31, 2017 March 31, 2017 December 31, 2016. FNCB uses the current statutory tax rate of 34.0% On April 26, 2017, 15.0%. |
Note 7 - Related Party Transact
Note 7 - Related Party Transactions | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 7 . Related Party Transactions In conducting its business, FNCB has engaged in , and intends to continue to engage in , banking and financial transactions with its directors , executive officers 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 March 31, 2017 2016: For the Three Months Ended March 31, (in thousands) 2017 2016 Balance January 1, $ 42,007 $ 52,652 Additions, new loans and advances 26,210 5,995 Repayments (24,028 ) (14,681 ) Balance March 31, $ 44,189 $ 43,966 At March 31, 2017, no December 31, 2016, one $381 March 31, 2017, Deposits from directors, executive officers and their related parties held by the Bank at March 31, 2017 December 31, 2016 $97.7 $119.3 $64 $43 three March 31, 2017 2016, 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 $542 $435 three March 31, 2017 2016, Subordinated notes (the “Notes”) held by directors and/or their related parties totaled $6.2 March 31, 2017 December 31, 2016. three March 31, 2017, December 1, 2016 February 28, 2017, $113 $69 three March 31, 2016, December 1, 2015 February 29, 2016, $159 $98 three March 31, 2016, September 1, 2010 May 31, 2015, $10.8 $3.9 |
Note 8 - Contingencies
Note 8 - Contingencies | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 8 . Contingencies On May 24, 2012, February 4, 2014, $5.0 $5.0 March 28, 2014. $2.5 December 31, 2013. April 1, 2014, $2.5 $2.5 March 31, 2017, $2.5 On September 5, 2012, November 9, 2012, On February 16, 2017, Steven Antonik, Individually, and as Administrator of the Estate of Linda Kluska, William R. Howells and Louise A. Howells, Summer Benjamin, and Joshua Silfee, on behalf of themselves and all other similarly situated vs. First National Community Bancorp, Inc. and First National Community Bank, 2013 4438 Charles Saxe, III, Individually and on behalf of all others similarly situated vs. First National Community Bank 2013 5071 1) ($750,000) 2015 2) 3) 4) May 31, 2017. 1) 2) 3) tentative December 17, 2015, ($750,000), 2015 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, workers compensation 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 December 31, 2016. |
Note 9 - Stock Compensation Pla
Note 9 - Stock Compensation Plans | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 9 . Stock Compensation Plans FNCB had an Employee Stock Incentive Plan (the “Stock Incentive Plan”), where options were granted to key officers and other employees of FNCB. The aggregate number of shares authorized to be issued upon exercise of the options under the Stock Incentive Plan could not exceed 1,100,000 six ten August 30, 2010. no No three March 31, 2017 2016. There have been no changes to the status of FNCB’s Stock Incentive Plan as of or for the three March 31, 2017. 13 10 December 31, 2016. FNCB has a Long-Term Incentive Compensation Plan (“LTIP”) for executives and key employees. The LTIP authorizes up to 1,200,000 three March 31, 2017 2016, 54,549 67,600 March 31, 2017, 977,253 three March 31, 2017 2016, $74 $30 $668 $747 March 31, 2017 2016, The following table summarizes the activity related to FNCB’s unvested restricted stock awards during the three March 31, 2017 2016: Three Months Ended March 31, 2017 2016 Weighted- Weighted- Average Average Restricted Grant Date Restricted Grant Date (dollars in thousands) Shares Fair Value Shares Fair Value Unvested at January 1, 103,874 $ 5.74 112,958 $ 5.99 Awards granted 54,549 6.83 67,600 5.53 Forfeitures (5,050 ) 5.65 - - Vestings (11,090 ) 6.70 (16,187 ) 6.70 Unvested at March 31, 142,283 $ 6.09 164,371 $ 5.73 |
Note 10 - Regulatory Matters_Su
Note 10 - Regulatory Matters/Subsequent Event | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | Note 10 . Regulatory Matters /Subsequent Event 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 three March 31, 2017 2016, $0.03 $0.02 April 27, 2016, June 1, 2016. three March 31, 2017 35,379. April 19, 2017, second 2017 $0.03 June 15, 2017 June 1, 2017. 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. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices must be met. Capital amounts and classification are also subject to qualitative judgements by the regulators about components, risk weightings, and other factors. Current quantitative measures established by regulation to ensure capital adequacy require FNCB to maintain minimum amounts and ratios (set forth in the tables below) of total capital, Tier I capital, and Tier I common equity (as defined in the regulations) to risk-weighted assets (as defined), and of Tier I capital (as defined) to average assets (as defined). The following tables present summary information regarding FNCB’s and the Bank’s risk-based capital and related ratios at March 31, 2017 December 31, 2016: 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 Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio March 31, 2017 Total capital (to risk-weighted assets) $ 98,527 12.38 % $ 105,921 13.32 % 8.00 % 9.250 % 10.00 % Tier I capital (to risk-weighted assets) 84,963 10.68 % 97,357 12.24 % 6.00 % 7.250 % 8.00 % Tier I common equity (to risk-weighted assets) 78,747 9.90 % 97,357 12.24 % 4.50 % 5.750 % 6.50 % Tier I capital (to average assets) 84,963 7.55 % 97,357 8.65 % 4.00 % 4.00 % 5.00 % Total risk-weighted assets 795,623 795,212 Total average assets 1,125,290 1,125,320 Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservatio n Buffer To Be Well Capitalized Under Prompt Corrective Action Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio December 31, 2016 Total capital (to risk-weighted assets) $ 96,827 12.06 % $ 102,786 12.81 % 8.00 % 8.625 % 10.00 % Tier I capital (to risk-weighted assets) 82,159 10.23 % 94,118 11.73 % 6.00 % 6.625 % 8.00 % Tier I common equity (to risk-weighted assets) 80,049 9.97 % 94,118 11.73 % 4.50 % 5.125 % 6.50 % Tier I capital (to average assets) 82,159 7.53 % 94,118 8.63 % 4.00 % 4.000 % 5.00 % Total risk-weighted assets 803,026 802,610 Total average assets 1,090,665 1,090,550 *Applies to the Bank only. |
Note 11 - Fair Value Measuremen
Note 11 - Fair Value Measurements | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 1 1 . 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 3 The fair value hierarchy is broken down into three ● Level 1 ● Level 2 ● Level 3 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 2 may 2 2 2 For those securities for which the inputs used by an independent pricing service were derived from unobservable market information (Level 3 may may 3 third FNCB did not 3 March 31, 2017 December 31, 2016. 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 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 the FHLB of Pittsburgh 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 Funds 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 Credit 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 Measured at Fair Value on a Recurring Basis The following tables present the financial assets that are measured at fair value on a recurring basis at March 31, 2017 December 31, 2016, Fair Value Measurements at March 31, 2017 Significant Significant Quoted Prices Other Other in Active Markets Observable Unobservable for Identical Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale securities: Obligations of U.S. government agencies $ 7,497 $ - $ 7,497 $ - Obligations of state and political subdivisions 133,626 - 133,626 - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 17,351 - 17,351 - Collateralized mortgage obligations - commercial 98,632 - 98,632 - Mortgage-backed securities 22,334 - 22,334 - Corporate debt securities 453 - 453 - Asset-backed securities 935 935 Negotiable certificates of deposit 3,204 - 3,204 - Equity securities 933 933 - - Total available-for-sale securities $ 284,965 $ 933 $ 284,032 $ - Fair Value Measurements at December 31, 2016 Significant Significant Quoted Prices Other Other in Active Markets Observable Unobservable for Identical Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale securities: Obligations of U.S. government agencies $ 12,188 $ - $ 12,188 $ - Obligations of state and political subdivisions 117,873 - 117,873 - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 18,084 - 18,084 - Collateralized mortgage obligations - commercial 99,350 - 99,350 - Mortgage-backed securities 20,576 - 20,576 - Corporate debt securities 453 - 453 - Asset-backed securities - - - Negotiable certificates of deposit 3,216 - 3,216 - Equity securities 936 936 - - Total available-for-sale securities $ 272,676 $ 936 $ 271,740 $ - There were no transfers between levels within the fair value hierarchy during the three March 31, 2017 2016. Assets Measured at Fair Value on a Non-Recurring Basis The following tables present assets and liabilities measured at fair value on a non-recurring basis at March 31, 2017 December 31, 2016, 3 March 31, 2017 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 4,491 $ 360 $ 4,131 Appraisal of collateral Selling cost 10.0% Impaired loans - other 3,821 226 3,595 Discounted cash flows Discount rate 3.0% - 7.5% Other real estate owned 45 - 45 Appraisal of collateral Selling cost 10.0% December 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 $ 482 $ 68 $ 414 Appraisal of collateral Selling cost 10.0% Impaired loans - other 3,247 234 3,013 Discounted cash flows Discount rate 3.0% - 7.5% Other real estate owned 1,949 - 1,949 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 may 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 may The following table summarizes the estimated fair values of FNCB’s financial instruments at March 31, 2017 December 31, 2016. may Fair Value March 31, 2017 December 31, 2016 (in thousands) Measurement Carrying Value Fair Value Carrying Value Fair Value Financial assets Cash and short term investments Level 1 $ 26,725 $ 26,725 $ 112,445 $ 112,445 Securities available for sale See previous table 284,965 284,965 272,676 272,676 FHLB of Pittsburgh stock Level 2 2,678 2,678 3,311 3,311 Loans held for sale Level 2 563 563 596 596 Loans, net Level 3 710,144 700,860 725,860 715,602 Accrued interest receivable Level 2 2,950 2,950 2,757 2,757 Servicing rights Level 3 205 743 215 744 Financial liabilities Deposits Level 2 923,426 887,757 1,015,139 968,904 Borrowed funds Level 2 76,942 76,985 78,847 78,923 Accrued interest payable Level 2 225 225 242 242 |
Note 12 - Earnings Per Share
Note 12 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 1 2 . Earnings per Share For FNCB, 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. Common share equivalents are outstanding stock options to purchase FNCB’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 March 31, 2017 2016: Three Months Ended March 31, (in thousands, except share data) 2017 2016 Net income $ 2,197 $ 1,143 Basic weighted-average number of common shares outstanding 16,657,551 16,519,759 Plus: Common share equivalents 13,237 821 Diluted weighted-average number of common shares outstanding 16,670,788 16,520,580 Income per common share: Basic $ 0.13 $ 0.07 Diluted $ 0.13 $ 0.07 For the three March 31, 2017 2016, 37,700 50,746 three March 31, 2017 2016, |
Note 13 - Other Comprehensive I
Note 13 - Other Comprehensive Income | 3 Months Ended |
Mar. 31, 2017 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 1 3 . Other Comprehensive Income The following tables summarize the reclassifications out of accumulated other comprehensive income (loss) for the three March 31, 2017 2016, Three Months Ended March 31, 2017 Amount Reclassifed from Accumulated Other Comprehensive Affected Line Item in the (in thousands) Income (Loss) Consolidated Statements of Income Available-for-sale securities: Reclassification adjustment for net gains reclassified into net income $ (278 ) Net gain on sale of securities Taxes 95 Income taxes Net of tax amount $ (183 ) Three Months Ended March 31, 2016 Amount Reclassifed from Accumulated Other Comprehensive Affected Line Item in the (in thousands) Income (Loss) Consolidated Statements of Income 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 ) The following table summarizes the changes in accumulated other comprehensive (loss) income, net of tax for the three March 31, 2017 2016: Three Months Ended March 31, (in thousands) 2017 2016 Balance, beginning of period $ (1,784 ) $ (238 ) Other comprehensive income before reclassifications 1,218 5,088 Amounts reclassified from accumulated other comprehensive income (183 ) (68 ) Net other comprehensive income during the period 1,035 5,020 Balance, end of period $ (749 ) $ 4,782 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | March 31, 2017 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale: Obligations of U.S. government agencies $ 7,439 $ 58 $ - $ 7,497 Obligations of state and political subdivisions 134,454 670 1,498 133,626 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 17,204 166 19 17,351 Collateralized mortgage obligations - commercial 99,114 210 692 98,632 Mortgage-backed securities 22,263 199 128 22,334 Corporate debt securities 500 - 47 453 Asset-backed securities 944 - 9 935 Negotiable certificates of deposit 3,172 32 - 3,204 Equity securities 1,010 - 77 933 Total available-for-sale securities $ 286,100 $ 1,335 $ 2,470 $ 284,965 December 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 $ 12,152 $ 36 $ - $ 12,188 Obligations of state and political subdivisions 119,919 257 2,303 117,873 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 17,969 155 40 18,084 Collateralized mortgage obligations - commercial 100,064 154 868 99,350 Mortgage-backed securities 20,593 159 176 20,576 Corporate debt securities 500 - 47 453 Asset-backed securites - - - - Negotiable certificates of deposit 3,172 44 - 3,216 Equity securities 1,010 - 74 936 Total available-for-sale securities $ 275,379 $ 805 $ 3,508 $ 272,676 |
Investments Classified by Contractual Maturity Date [Table Text Block] | March 31, 2017 Amortized Fair (in thousands) Cost Value Amounts maturing in: One year or less $ 248 $ 249 After one year through five years 29,187 29,284 After five years through ten years 113,611 112,773 After ten years 2,519 2,474 Collateralized mortgage obligations 116,318 115,983 Mortgage-backed securities 22,263 22,334 Asset-backed securities 944 935 Total $ 285,090 $ 284,032 |
Schedule of Unrealized Loss on Investments [Table Text Block] | March 31, 2017 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 72 67,214 1,498 - - - 72 67,214 1,498 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 2 4,400 19 1 136 - 3 4,536 19 Collateralized mortgage obligations - commercial 13 45,219 692 - - - 13 45,219 692 Mortgage-backed securities 5 5,925 128 - - - 5 5,925 128 Corporate debt securities - - - 1 453 47 1 453 47 Asset-backed securities 1 935 9 - - - 1 935 9 Negotiable certificates of deposit - - - - - - - - - Equity securities - - - 1 923 77 1 923 77 Total 93 $ 123,693 $ 2,346 3 $ 1,512 $ 124 96 $ 125,205 $ 2,470 December 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 Obligantions of U.S. government agencies - $ - $ - - $ - $ - - $ - $ - Obligations of state and policitical subdivisions 82 88,479 2,303 - - - 82 88,479 2,303 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 2 4,514 40 1 175 - 3 4,689 40 Collateralized mortgage obligations - commercial 17 70,146 868 - - - 17 70,146 868 Mortgage-backed securities 5 6,495 176 - - - 5 6,495 176 Corporate debt securities - - - 1 453 47 1 453 47 Asset-backed securities - - - - - - - - - Negotiable certificates of deposit - - - - - - - - - Equity securities - - - 1 926 74 1 926 74 Total 106 $ 169,634 $ 3,387 3 $ 1,554 $ 121 109 $ 171,188 $ 3,508 |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, December 31, (in thousands) 2017 2016 Residential real estate $ 141,936 $ 144,260 Commercial real estate 241,020 243,830 Construction, land acquisition and development 21,731 18,357 Commercial and industrial 142,587 153,758 Consumer 126,985 127,844 State and political subdivisions 41,712 43,709 Total loans, gross 715,971 731,758 Unearned income (46 ) (48 ) Net deferred loan costs 2,525 2,569 Allowance for loan and lease losses (8,306 ) (8,419 ) Loans, net $ 710,144 $ 725,860 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Real Estate Construction, Land State and Residential Commercial Acquisition and Commercial Political (in thousands) Real Estate Real Estate Development and Industrial Consumer Subdivisions Unallocated Total Three months ended March 31, 2017: Allowance for loan losses: Beginning balance, January 1, 2017 $ 1,171 $ 3,297 $ 268 $ 1,736 $ 1,457 $ 490 $ - $ 8,419 Charge-offs (49 ) - - (30 ) (218 ) - - (297 ) Recoveries 1 4 421 69 167 - - 662 Provisions (credits) 21 200 (466 ) (96 ) 4 (141 ) - (478 ) Ending balance, March 31, 2017 $ 1,144 $ 3,501 $ 223 $ 1,679 $ 1,410 $ 349 $ - $ 8,306 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 Real Estate Construction, Land State and Residential Commercial Acquisition and Commercial Political (in thousands) Real Estate Real Estate Development and Industrial Consumer Subdivisions Total March 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ 6 $ 578 $ - $ 1 $ - $ - $ 585 Collectively evaluated for impairment 1,138 2,923 223 1,678 1,410 349 7,721 Total $ 1,144 $ 3,501 $ 223 $ 1,679 $ 1,410 $ 349 $ 8,306 Loans receivable: Individually evaluated for impairment $ 1,874 $ 6,908 $ 98 $ 767 $ 296 $ - $ 9,943 Collectively evaluated for impairment 140,062 234,112 21,633 141,820 126,689 41,712 706,028 Total $ 141,936 $ 241,020 $ 21,731 $ 142,587 $ 126,985 $ 41,712 $ 715,971 December 31, 2016 Allowance for loan losses: Individually evaluated for impairment $ 29 $ 254 $ - $ 18 $ 1 $ - $ 302 Collectively evaluated for impairment 1,142 3,043 268 1,718 1,456 490 8,117 Total $ 1,171 $ 3,297 $ 268 $ 1,736 $ 1,457 $ 490 $ 8,419 Loans receivable: Individually evaluated for impairment $ 1,929 $ 2,937 $ 350 $ 91 $ 297 $ - $ 5,604 Collectively evaluated for impairment 142,331 240,893 18,007 153,667 127,547 43,709 726,154 Total $ 144,260 $ 243,830 $ 18,357 $ 153,758 $ 127,844 $ 43,709 $ 731,758 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Credit Quality Indicators March 31, 2017 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total (in thousands) Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 21,668 $ 387 $ 431 $ - $ - $ 22,486 $ 118,813 $ 637 $ 119,450 $ 141,936 Commercial real estate 227,214 4,967 8,839 - - 241,020 - - - 241,020 Construction, land acquisition and development 17,921 342 177 - - 18,440 3,291 - 3,291 21,731 Commercial and industrial 135,232 639 2,855 - - 138,726 3,861 - 3,861 142,587 Consumer 2,565 - 36 - - 2,601 124,243 141 124,384 126,985 State and political subdivisions 41,306 - 406 - - 41,712 - - - 41,712 Total $ 445,906 $ 6,335 $ 12,744 $ - $ - $ 464,985 $ 250,208 $ 778 $ 250,986 $ 715,971 Credit Quality Indicators December 31, 2016 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total (in thousands) Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 25,506 $ 394 $ 466 $ - $ - $ 26,366 $ 117,286 $ 608 $ 117,894 $ 144,260 Commercial real estate 233,523 4,911 5,396 - - 243,830 - - - 243,830 Construction, land acquisition and development 14,101 346 448 - - 14,895 3,462 - 3,462 18,357 Commercial and industrial 145,794 2,794 1,128 - - 149,716 4,042 - 4,042 153,758 Consumer 2,699 - 37 - - 2,736 124,935 173 125,108 127,844 State and political subdivisions 40,424 2,964 321 - - 43,709 - - - 43,709 Total $ 462,047 $ 11,409 $ 7,796 $ - $ - $ 481,252 $ 249,725 $ 781 $ 250,506 $ 731,758 |
Past Due Financing Receivables [Table Text Block] | March 31, 2017 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 $ 140,520 $ 458 $ 177 $ - $ 141,155 Commercial real estate 238,903 636 533 - 240,072 Construction, land acquisition and development 21,378 342 - - 21,720 Total real estate 400,801 1,436 710 - 402,947 Commercial and industrial 142,189 338 19 - 142,546 Consumer 125,910 765 169 - 126,844 State and political subdivisions 41,712 - - - 41,712 Total performing (accruing) loans 710,612 2,539 898 - 714,049 Non-accrual loans: Real estate: Residential real estate 374 - 32 375 781 Commercial real estate 128 - 84 736 948 Construction, land aquisition and development - - - 11 11 Total real estate 502 - 116 1,122 1,740 Commercial and industrial - - - 41 41 Consumer 65 17 3 56 141 State and political subdivisions - - - - - Total non-accrual loans 567 17 119 1,219 1,922 Total loans receivable $ 711,179 $ 2,556 $ 1,017 $ 1,219 $ 715,971 December 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 $ 143,142 $ 229 $ 107 $ - $ 143,478 Commercial real estate 241,477 830 553 - 242,860 Construction, land acquisition and development 17,766 346 - - 18,112 Total real estate 402,385 1,405 660 - 404,450 Commercial and industrial 153,378 307 9 - 153,694 Consumer 126,341 1,030 300 - 127,671 State and political subdivisions 43,709 - - - 43,709 Total peforming (accruing) loans 725,813 2,742 969 - 729,524 Non-accrual loans: Real estate: Residential real estate 176 202 17 387 782 Commercial real estate 201 23 - 746 970 Construction, land acquisition and development - 245 - - 245 Total real estate 377 470 17 1,133 1,997 Commercial and industrial - - - 64 64 Consumer 56 25 2 90 173 State and political subdivisions - - - - - Total non-accrual loans 433 495 19 1,287 2,234 Total loans receivable $ 726,246 $ 3,237 $ 988 $ 1,287 $ 731,758 |
Impaired Financing Receivables [Table Text Block] | March 31, 2017 Unpaid Recorded Principal Related (in thousands) Recorded Investment Balance Related Allowance With no allowance recorded: Real estate: Residential real estate $ 469 $ 551 $ - Commercial real estate 1,043 1,103 - Construction, land acquisition and development 98 98 - Total real estate loans 1,610 1,752 - Commercial and industrial 22 53 - Consumer - - - State and political subdivisions - - - Total impaired loans with no related allowance recorded 1,632 1,805 - With a related allowance recorded: Real estate: Residential real estate 1,405 1,443 6 Commercial real estate 5,865 5,865 578 Construction, land acquisition and development - - - Total real estate loans 7,270 7,308 584 Commercial and industrial 745 745 1 Consumer 296 296 - State and political subdivisions - - - Total impaired loans with a related allowance recorded 8,311 8,349 585 Total impaired loans: Real estate: Residential real estate 1,874 1,994 6 Commercial real estate 6,908 6,968 578 Construction, land acquisition and development 98 98 - Total real estate loans 8,880 9,060 584 Commercial and industrial 767 798 1 Consumer 296 296 - State and political subdivisions - - - Total impaired loans $ 9,943 $ 10,154 $ 585 December 31, 2016 Unpaid Recorded Principal Related (in thousands) Investment Balance Allowance With no allowance recorded: Real estate: Residential real estate $ 386 $ 477 $ - Commercial real estate 1,066 1,143 - Construction, land acquisition and development 350 766 - Total real estate loans 1,802 2,386 - Commercial and industrial 73 105 - Consumer - - - State and political subdivisions - - - Total impaired loans with no related allowance recorded 1,875 2,491 - With a related allowance recorded: Real estate: Residential real estate 1,543 1,543 29 Commercial real estate 1,871 1,871 254 Construction, land acquisition and development - - - Total real estate loans 3,414 3,414 283 Commercial and industrial 18 18 18 Consumer 297 297 1 State and political subdivisions - - - Total impaired loans with a related allowance recorded 3,729 3,729 302 Total impaired loans: Real estate: Residential real estate 1,929 2,020 29 Commercial real estate 2,937 3,014 254 Construction, land acquisition and development 350 766 - Total real estate loans 5,216 5,800 283 Commercial and industrial 91 123 18 Consumer 297 297 1 State and political subdivisions - - - Total impaired loans $ 5,604 $ 6,220 $ 302 |
Schedule of Average Balance and Interest Income on Impaired Loans [Table Text Block] | Three Months Ended March 31, 2017 2016 (in thousands) Average Balance Interest Income (1) Average Balance Interest Income (1) Real estate: Residential real estate $ 1,906 $ 21 $ 2,876 $ 26 Commercial real estate 4,241 40 3,782 23 Construction, land acquisition and development 159 1 566 3 Total real estate 6,306 62 7,224 52 Commercial and industrial 315 5 201 1 Consumer 296 3 350 3 State and political subdivisions - - - - Total impaired loans $ 6,917 $ 70 $ 7,775 $ 56 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Three Months Ended March 31, 2017 2016 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 - $ - $ - - $ - $ - Commercial real estate 1 4,022 4,022 - - - Construction, land acquisition and development - - - - - - Commercial and industrial 1 695 695 - - - Consumer - - - - - - State and political subdivisions - - - - - - Total new troubled debt restructurings 2 $ 4,717 $ 4,717 - $ - $ - |
Schedule of Types of Modifications of Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Three months ended March 31, 2017 (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 $ - $ - $ - $ - $ - Commercial real estate - - - 4,022 4,022 Construction, land acquisition and development - - - - - Commercial and industrial - - - 695 695 Consumer - - - - - State and political subdivisions - - - - - Total modifications $ - $ - $ - $ 4,717 $ 4,717 |
TDRs with Subsequent Default [Table Text Block] | Three Months Ended March 31, 2017 2016 Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Troubled debt restructurings: Residential real estate - $ - 2 $ 70 Commercial real estate - - - - Construction, land acquisition and development 1 10 - - Commercial and industrial - - - - Consumer - - - - State and political subdivisions - - - - Total TDR defaults 1 $ 10 2 $ 70 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Deposits [Table Text Block] | March 31, December 31, (in thousands) 2017 2016 Demand (non-interest bearing) $ 156,901 $ 173,702 Interest-bearing: Interest-bearing demand 462,147 551,114 Savings 103,290 103,241 Time ($250,000 and over) 44,755 35,917 Other time 156,333 151,165 Total interest-bearing 766,525 841,437 Total deposits $ 923,426 $ 1,015,139 |
Note 6 - Income Taxes (Tables)
Note 6 - Income Taxes (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | For the Three Months Ended March 31, 2017 2016 (in thousands) Amount % Amount % Provision at statutory tax rates $ 1,021 34.00 % $ 465 34.00 % Add (deduct): Tax effects of non-taxable income (122 ) (4.06% ) (128 ) (9.35% ) Non-deductible interest expense 3 0.07 % 2 0.15 % Bank-owned life insurance (46 ) (1.53% ) (49 ) (3.58% ) Change in valuation allowance - 0.00 % (8 ) (0.58% ) Other items, net (50 ) (1.63% ) (56 ) (4.09% ) Income tax provision $ 806 26.84 % $ 226 16.51 % |
Note 7 - Related Party Transa26
Note 7 - Related Party Transactions (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | For the Three Months Ended March 31, (in thousands) 2017 2016 Balance January 1, $ 42,007 $ 52,652 Additions, new loans and advances 26,210 5,995 Repayments (24,028 ) (14,681 ) Balance March 31, $ 44,189 $ 43,966 |
Note 9 - Stock Compensation P27
Note 9 - Stock Compensation Plans (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Three Months Ended March 31, 2017 2016 Weighted- Weighted- Average Average Restricted Grant Date Restricted Grant Date (dollars in thousands) Shares Fair Value Shares Fair Value Unvested at January 1, 103,874 $ 5.74 112,958 $ 5.99 Awards granted 54,549 6.83 67,600 5.53 Forfeitures (5,050 ) 5.65 - - Vestings (11,090 ) 6.70 (16,187 ) 6.70 Unvested at March 31, 142,283 $ 6.09 164,371 $ 5.73 |
Note 10 - Regulatory Matters_28
Note 10 - Regulatory Matters/Subsequent Event (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
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 Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio March 31, 2017 Total capital (to risk-weighted assets) $ 98,527 12.38 % $ 105,921 13.32 % 8.00 % 9.250 % 10.00 % Tier I capital (to risk-weighted assets) 84,963 10.68 % 97,357 12.24 % 6.00 % 7.250 % 8.00 % Tier I common equity (to risk-weighted assets) 78,747 9.90 % 97,357 12.24 % 4.50 % 5.750 % 6.50 % Tier I capital (to average assets) 84,963 7.55 % 97,357 8.65 % 4.00 % 4.00 % 5.00 % Total risk-weighted assets 795,623 795,212 Total average assets 1,125,290 1,125,320 Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservatio n Buffer To Be Well Capitalized Under Prompt Corrective Action Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio December 31, 2016 Total capital (to risk-weighted assets) $ 96,827 12.06 % $ 102,786 12.81 % 8.00 % 8.625 % 10.00 % Tier I capital (to risk-weighted assets) 82,159 10.23 % 94,118 11.73 % 6.00 % 6.625 % 8.00 % Tier I common equity (to risk-weighted assets) 80,049 9.97 % 94,118 11.73 % 4.50 % 5.125 % 6.50 % Tier I capital (to average assets) 82,159 7.53 % 94,118 8.63 % 4.00 % 4.000 % 5.00 % Total risk-weighted assets 803,026 802,610 Total average assets 1,090,665 1,090,550 |
Note 11 - Fair Value Measurem29
Note 11 - Fair Value Measurements (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at March 31, 2017 Significant Significant Quoted Prices Other Other in Active Markets Observable Unobservable for Identical Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale securities: Obligations of U.S. government agencies $ 7,497 $ - $ 7,497 $ - Obligations of state and political subdivisions 133,626 - 133,626 - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 17,351 - 17,351 - Collateralized mortgage obligations - commercial 98,632 - 98,632 - Mortgage-backed securities 22,334 - 22,334 - Corporate debt securities 453 - 453 - Asset-backed securities 935 935 Negotiable certificates of deposit 3,204 - 3,204 - Equity securities 933 933 - - Total available-for-sale securities $ 284,965 $ 933 $ 284,032 $ - Fair Value Measurements at December 31, 2016 Significant Significant Quoted Prices Other Other in Active Markets Observable Unobservable for Identical Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale securities: Obligations of U.S. government agencies $ 12,188 $ - $ 12,188 $ - Obligations of state and political subdivisions 117,873 - 117,873 - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 18,084 - 18,084 - Collateralized mortgage obligations - commercial 99,350 - 99,350 - Mortgage-backed securities 20,576 - 20,576 - Corporate debt securities 453 - 453 - Asset-backed securities - - - Negotiable certificates of deposit 3,216 - 3,216 - Equity securities 936 936 - - Total available-for-sale securities $ 272,676 $ 936 $ 271,740 $ - |
Fair Value Measurements, Nonrecurring [Table Text Block] | March 31, 2017 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 4,491 $ 360 $ 4,131 Appraisal of collateral Selling cost 10.0% Impaired loans - other 3,821 226 3,595 Discounted cash flows Discount rate 3.0% - 7.5% Other real estate owned 45 - 45 Appraisal of collateral Selling cost 10.0% December 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 $ 482 $ 68 $ 414 Appraisal of collateral Selling cost 10.0% Impaired loans - other 3,247 234 3,013 Discounted cash flows Discount rate 3.0% - 7.5% Other real estate owned 1,949 - 1,949 Appraisal of collateral Selling cost 10.0% |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value March 31, 2017 December 31, 2016 (in thousands) Measurement Carrying Value Fair Value Carrying Value Fair Value Financial assets Cash and short term investments Level 1 $ 26,725 $ 26,725 $ 112,445 $ 112,445 Securities available for sale See previous table 284,965 284,965 272,676 272,676 FHLB of Pittsburgh stock Level 2 2,678 2,678 3,311 3,311 Loans held for sale Level 2 563 563 596 596 Loans, net Level 3 710,144 700,860 725,860 715,602 Accrued interest receivable Level 2 2,950 2,950 2,757 2,757 Servicing rights Level 3 205 743 215 744 Financial liabilities Deposits Level 2 923,426 887,757 1,015,139 968,904 Borrowed funds Level 2 76,942 76,985 78,847 78,923 Accrued interest payable Level 2 225 225 242 242 |
Note 12 - Earnings Per Share (T
Note 12 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended March 31, (in thousands, except share data) 2017 2016 Net income $ 2,197 $ 1,143 Basic weighted-average number of common shares outstanding 16,657,551 16,519,759 Plus: Common share equivalents 13,237 821 Diluted weighted-average number of common shares outstanding 16,670,788 16,520,580 Income per common share: Basic $ 0.13 $ 0.07 Diluted $ 0.13 $ 0.07 |
Note 13 - Other Comprehensive31
Note 13 - Other Comprehensive Income (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Notes Tables | |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended March 31, 2017 Amount Reclassifed from Accumulated Other Comprehensive Affected Line Item in the (in thousands) Income (Loss) Consolidated Statements of Income Available-for-sale securities: Reclassification adjustment for net gains reclassified into net income $ (278 ) Net gain on sale of securities Taxes 95 Income taxes Net of tax amount $ (183 ) Three Months Ended March 31, 2016 Amount Reclassifed from Accumulated Other Comprehensive Affected Line Item in the (in thousands) Income (Loss) Consolidated Statements of Income 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 ) |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Three Months Ended March 31, (in thousands) 2017 2016 Balance, beginning of period $ (1,784 ) $ (238 ) Other comprehensive income before reclassifications 1,218 5,088 Amounts reclassified from accumulated other comprehensive income (183 ) (68 ) Net other comprehensive income during the period 1,035 5,020 Balance, end of period $ (749 ) $ 4,782 |
Note 1 - Basis of Presentatio32
Note 1 - Basis of Presentation/Subsequent Event (Details Textual) | May 01, 2017 | Mar. 31, 2017 |
Number of Branches Leased | 4 | |
Subsequent Event [Member] | Luzerne County, Pennsylvania [Member] | ||
Number of Branches Relocated | 3 |
Note 3 - Securities (Details Te
Note 3 - Securities (Details Textual) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) | |
Available-for-sale Securities Pledged as Collateral | $ 282,600 | $ 271,300 | |
Proceeds from Sale of Available-for-sale Securities | 23,171 | $ 6,192 | |
Available-for-sale Securities, Gross Realized Gains | $ 278 | 103 | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 96 | 109 | |
Federal Home Loan Bank Stock | $ 2,678 | $ 3,311 | |
Available-for-sale Securities, Gross Realized Losses | 0 | $ 0 | |
Other than Temporary Impairment Losses, Investments | 0 | ||
Federal Home Loan Bank of Pittsburgh [Member] | |||
Federal Home Loan Bank Stock | 2,700 | 3,300 | |
Impairment on Federal Reserve Bank of Philadelphia Stock | $ 0 | $ 0 | |
US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 72 | 82 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 21 | ||
Corporate Debt Securities [Member] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 | |
Asset-backed Securities [Member] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 0 | |
Equity Securities [Member] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 1 |
Note 3 - Securities - Amortized
Note 3 - Securities - Amortized Cost, Gross Unrealized Gains and Losses, and the Fair Value of the Company's Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Amortized Cost | $ 286,100 | $ 275,379 |
Gross Unrealized Holding Gains | 1,335 | 805 |
Gross Unrealized Holding Losses | 2,470 | 3,508 |
Securities available for sale, at fair value | 284,965 | 272,676 |
Available-for-sale: | ||
Amortized Cost | 286,100 | 275,379 |
Gross Unrealized Holding Gains | 1,335 | 805 |
Gross Unrealized Holding Losses | 2,470 | 3,508 |
Securities available for sale, at fair value | 284,965 | 272,676 |
US Government Agencies Debt Securities [Member] | ||
Amortized Cost | 7,439 | 12,152 |
Gross Unrealized Holding Gains | 58 | 36 |
Gross Unrealized Holding Losses | 0 | 0 |
Securities available for sale, at fair value | 7,497 | 12,188 |
Available-for-sale: | ||
Amortized Cost | 7,439 | 12,152 |
Gross Unrealized Holding Gains | 58 | 36 |
Gross Unrealized Holding Losses | 0 | 0 |
Securities available for sale, at fair value | 7,497 | 12,188 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized Cost | 134,454 | 119,919 |
Gross Unrealized Holding Gains | 670 | 257 |
Gross Unrealized Holding Losses | 1,498 | 2,303 |
Securities available for sale, at fair value | 133,626 | 117,873 |
Available-for-sale: | ||
Amortized Cost | 134,454 | 119,919 |
Gross Unrealized Holding Gains | 670 | 257 |
Gross Unrealized Holding Losses | 1,498 | 2,303 |
Securities available for sale, at fair value | 133,626 | 117,873 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Residential Mortgage [Member] | ||
Amortized Cost | 17,204 | 17,969 |
Gross Unrealized Holding Gains | 166 | 155 |
Gross Unrealized Holding Losses | 19 | 40 |
Securities available for sale, at fair value | 17,351 | 18,084 |
Available-for-sale: | ||
Amortized Cost | 17,204 | 17,969 |
Gross Unrealized Holding Gains | 166 | 155 |
Gross Unrealized Holding Losses | 19 | 40 |
Securities available for sale, at fair value | 17,351 | 18,084 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Commercial Loan [Member] | ||
Amortized Cost | 99,114 | 100,064 |
Gross Unrealized Holding Gains | 210 | 154 |
Gross Unrealized Holding Losses | 692 | 868 |
Securities available for sale, at fair value | 98,632 | 99,350 |
Available-for-sale: | ||
Amortized Cost | 99,114 | 100,064 |
Gross Unrealized Holding Gains | 210 | 154 |
Gross Unrealized Holding Losses | 692 | 868 |
Securities available for sale, at fair value | 98,632 | 99,350 |
Collateralized Mortgage Backed Securities [Member] | ||
Amortized Cost | 22,263 | 20,593 |
Gross Unrealized Holding Gains | 199 | 159 |
Gross Unrealized Holding Losses | 128 | 176 |
Securities available for sale, at fair value | 22,334 | 20,576 |
Available-for-sale: | ||
Amortized Cost | 22,263 | 20,593 |
Gross Unrealized Holding Gains | 199 | 159 |
Gross Unrealized Holding Losses | 128 | 176 |
Securities available for sale, at fair value | 22,334 | 20,576 |
Corporate Debt Securities [Member] | ||
Amortized Cost | 500 | 500 |
Gross Unrealized Holding Gains | 0 | 0 |
Gross Unrealized Holding Losses | 47 | 47 |
Securities available for sale, at fair value | 453 | 453 |
Available-for-sale: | ||
Amortized Cost | 500 | 500 |
Gross Unrealized Holding Gains | 0 | 0 |
Gross Unrealized Holding Losses | 47 | 47 |
Securities available for sale, at fair value | 453 | 453 |
Asset-backed Securities [Member] | ||
Amortized Cost | 944 | 0 |
Gross Unrealized Holding Gains | 0 | 0 |
Gross Unrealized Holding Losses | 9 | 0 |
Securities available for sale, at fair value | 935 | |
Available-for-sale: | ||
Amortized Cost | 944 | 0 |
Gross Unrealized Holding Gains | 0 | 0 |
Gross Unrealized Holding Losses | 9 | 0 |
Securities available for sale, at fair value | 935 | |
Negotiable Certificates of Deposit [Member] | ||
Amortized Cost | 3,172 | 3,172 |
Gross Unrealized Holding Gains | 32 | 44 |
Gross Unrealized Holding Losses | 0 | 0 |
Securities available for sale, at fair value | 3,204 | 3,216 |
Available-for-sale: | ||
Amortized Cost | 3,172 | 3,172 |
Gross Unrealized Holding Gains | 32 | 44 |
Gross Unrealized Holding Losses | 0 | 0 |
Securities available for sale, at fair value | 3,204 | 3,216 |
Equity Securities [Member] | ||
Amortized Cost | 1,010 | 1,010 |
Gross Unrealized Holding Gains | 0 | 0 |
Gross Unrealized Holding Losses | 77 | 74 |
Securities available for sale, at fair value | 933 | 936 |
Available-for-sale: | ||
Amortized Cost | 1,010 | 1,010 |
Gross Unrealized Holding Gains | 0 | 0 |
Gross Unrealized Holding Losses | 77 | 74 |
Securities available for sale, at fair value | $ 933 | $ 936 |
Note 3 - Securities - Available
Note 3 - Securities - Available-for-sale Debt Securities by Contractual Maturity (Details) $ in Thousands | Mar. 31, 2017USD ($) |
One year or less, amortized cost | $ 248 |
One year or less, fair value | 249 |
After one year through five years | 29,187 |
After one year through five years | 29,284 |
After five years through ten years, amortized cost | 113,611 |
After five years through ten years, fair value | 112,773 |
After ten years, amortized cost | 2,519 |
After ten years, fair value | 2,474 |
Total, amortized cost | 285,090 |
Total, fair value | 284,032 |
Collateralized Mortgage Obligations [Member] | |
Securities without a single maturity, amortized cost | 116,318 |
Securities without a single maturity, fair value | 115,983 |
Collateralized Mortgage Backed Securities [Member] | |
Securities without a single maturity, amortized cost | 22,263 |
Securities without a single maturity, fair value | 22,334 |
Asset-backed Securities [Member] | |
Securities without a single maturity, amortized cost | 944 |
Securities without a single maturity, fair value | $ 935 |
Note 3 - Securities - Availab36
Note 3 - Securities - Available-for-sale Securities in a Continuous Unrealized Loss Position (Details) $ in Thousands | Mar. 31, 2017USD ($) | Dec. 31, 2016USD ($) |
Less than 12 Months, Number of Securities | 93 | 106 |
Less than 12 Months, Fair Value | $ 123,693 | $ 169,634 |
Less than 12 Months Gross Unrealized Losses | $ 2,346 | $ 3,387 |
12 Months or Greater, Number of Securities | 3 | 3 |
12 Months or Greater, Fair Value | $ 1,512 | $ 1,554 |
12 Months or Greater, Gross Unrealized Losses | $ 124 | $ 121 |
Total, Number of Securities | 96 | 109 |
Total, Fair Value | $ 125,205 | $ 171,188 |
Total, Gross Unrealized Losses | $ 2,470 | $ 3,508 |
US Government Agencies Debt Securities [Member] | ||
Less than 12 Months, Number of Securities | 0 | 0 |
Less than 12 Months, Fair Value | $ 0 | $ 0 |
Less than 12 Months Gross Unrealized Losses | $ 0 | $ 0 |
12 Months or Greater, Number of Securities | 0 | 0 |
12 Months or Greater, Fair Value | $ 0 | $ 0 |
12 Months or Greater, Gross Unrealized Losses | $ 0 | $ 0 |
Total, Number of Securities | 0 | 0 |
Total, Fair Value | $ 0 | $ 0 |
Total, Gross Unrealized Losses | $ 0 | $ 0 |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 Months, Number of Securities | 72 | 82 |
Less than 12 Months, Fair Value | $ 67,214 | $ 88,479 |
Less than 12 Months Gross Unrealized Losses | $ 1,498 | $ 2,303 |
12 Months or Greater, Number of Securities | 0 | 0 |
12 Months or Greater, Fair Value | $ 0 | $ 0 |
12 Months or Greater, Gross Unrealized Losses | $ 0 | $ 0 |
Total, Number of Securities | 72 | 82 |
Total, Fair Value | $ 67,214 | $ 88,479 |
Total, Gross Unrealized Losses | $ 1,498 | $ 2,303 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Total, Number of Securities | 21 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Residential Mortgage [Member] | ||
Less than 12 Months, Number of Securities | 2 | 2 |
Less than 12 Months, Fair Value | $ 4,400 | $ 4,514 |
Less than 12 Months Gross Unrealized Losses | $ 19 | $ 40 |
12 Months or Greater, Number of Securities | 1 | 1 |
12 Months or Greater, Fair Value | $ 136 | $ 175 |
12 Months or Greater, Gross Unrealized Losses | $ 0 | $ 0 |
Total, Number of Securities | 3 | 3 |
Total, Fair Value | $ 4,536 | $ 4,689 |
Total, Gross Unrealized Losses | $ 19 | $ 40 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Commercial Loan [Member] | ||
Less than 12 Months, Number of Securities | 13 | 17 |
Less than 12 Months, Fair Value | $ 45,219 | $ 70,146 |
Less than 12 Months Gross Unrealized Losses | $ 692 | $ 868 |
12 Months or Greater, Number of Securities | 0 | 0 |
12 Months or Greater, Fair Value | $ 0 | $ 0 |
12 Months or Greater, Gross Unrealized Losses | $ 0 | $ 0 |
Total, Number of Securities | 13 | 17 |
Total, Fair Value | $ 45,219 | $ 70,146 |
Total, Gross Unrealized Losses | $ 692 | $ 868 |
Collateralized Mortgage Backed Securities [Member] | ||
Less than 12 Months, Number of Securities | 5 | 5 |
Less than 12 Months, Fair Value | $ 5,925 | $ 6,495 |
Less than 12 Months Gross Unrealized Losses | $ 128 | $ 176 |
12 Months or Greater, Number of Securities | 0 | 0 |
12 Months or Greater, Fair Value | $ 0 | $ 0 |
12 Months or Greater, Gross Unrealized Losses | $ 0 | $ 0 |
Total, Number of Securities | 5 | 5 |
Total, Fair Value | $ 5,925 | $ 6,495 |
Total, Gross Unrealized Losses | $ 128 | $ 176 |
Corporate Debt Securities [Member] | ||
Less than 12 Months, Number of Securities | 0 | 0 |
Less than 12 Months, Fair Value | $ 0 | $ 0 |
Less than 12 Months Gross Unrealized Losses | $ 0 | $ 0 |
12 Months or Greater, Number of Securities | 1 | 1 |
12 Months or Greater, Fair Value | $ 453 | $ 453 |
12 Months or Greater, Gross Unrealized Losses | $ 47 | $ 47 |
Total, Number of Securities | 1 | 1 |
Total, Fair Value | $ 453 | $ 453 |
Total, Gross Unrealized Losses | $ 47 | $ 47 |
Asset-backed Securities [Member] | ||
Less than 12 Months, Number of Securities | 1 | 0 |
Less than 12 Months, Fair Value | $ 935 | $ 0 |
Less than 12 Months Gross Unrealized Losses | $ 9 | $ 0 |
12 Months or Greater, Number of Securities | 0 | 0 |
12 Months or Greater, Fair Value | $ 0 | $ 0 |
12 Months or Greater, Gross Unrealized Losses | $ 0 | $ 0 |
Total, Number of Securities | 1 | 0 |
Total, Fair Value | $ 935 | $ 0 |
Total, Gross Unrealized Losses | $ 9 | $ 0 |
Negotiable Certificates of Deposit [Member] | ||
Less than 12 Months, Number of Securities | 0 | 0 |
Less than 12 Months, Fair Value | $ 0 | $ 0 |
Less than 12 Months Gross Unrealized Losses | $ 0 | $ 0 |
12 Months or Greater, Number of Securities | 0 | 0 |
12 Months or Greater, Fair Value | $ 0 | $ 0 |
12 Months or Greater, Gross Unrealized Losses | $ 0 | $ 0 |
Total, Number of Securities | 0 | 0 |
Total, Fair Value | $ 0 | $ 0 |
Total, Gross Unrealized Losses | $ 0 | $ 0 |
Equity Securities [Member] | ||
Less than 12 Months, Number of Securities | 0 | 0 |
Less than 12 Months, Fair Value | $ 0 | $ 0 |
Less than 12 Months Gross Unrealized Losses | $ 0 | $ 0 |
12 Months or Greater, Number of Securities | 1 | 1 |
12 Months or Greater, Fair Value | $ 923 | $ 926 |
12 Months or Greater, Gross Unrealized Losses | $ 77 | $ 74 |
Total, Number of Securities | 1 | 1 |
Total, Fair Value | $ 923 | $ 926 |
Total, Gross Unrealized Losses | $ 77 | $ 74 |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) | |
Gain (Loss) on Sales of Loans, Net | $ 25 | $ 68 | |
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 1,900 | $ 2,200 | |
Loans Still Classified as Non-accrual Status, Period of Past Due | 90 days | ||
Financing Receivable, Collectively Evaluated for Impairment | $ 706,028 | 726,154 | |
Impaired Financing Receivable, Recorded Investment | 9,943 | 5,604 | |
Impaired Financing Receivable, Related Allowance | 585 | 302 | |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 27 | $ 67 | |
Financing Receivable, Modifications, Recorded Investment | 9,000 | 4,300 | |
Loans and Leases Receivable, Allowance | $ 8,306 | 8,419 | |
Financing Receivable, Modifications, Number of Contracts | 2 | 0 | |
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | ||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | $ 0 | 0 | |
Investor-owned Residential Real Estate Foreclosed [Member] | |||
Number of Real Estate Properties | 1 | ||
Real Estate Investment Property, Net | $ 45 | ||
Residential Real Estate, Foreclosed [Member] | |||
Number of Real Estate Properties | 1 | ||
Real Estate Investment Property, Net | $ 237 | ||
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Collectively Evaluated for Impairment | 126,689 | 127,547 | |
Impaired Financing Receivable, Recorded Investment | 296 | 297 | |
Impaired Financing Receivable, Related Allowance | 0 | 1 | |
Loans and Leases Receivable, Allowance | $ 1,410 | $ 1,457 | |
Financing Receivable, Modifications, Number of Contracts | |||
Mortgage Loans in Process of Foreclosure, Amount | $ 91 | $ 163 | |
Consumer Portfolio Segment [Member] | In Process of Foreclosure [Member] | |||
Number of Real Estate Properties | 4 | 5 | |
Residential Portfolio Segment [Member] | |||
Financing Receivable, Modifications, Number of Contracts | |||
Number of Real Estate Properties | 3 | 3 | |
Other Real Estate | $ 86 | $ 278 | |
Troubled Debt Restructuring [Member] | |||
Loans and Leases Receivable, Allowance | 585 | $ 261 | |
Allowance for Loan and Lease Losses, Period Increase (Decrease) | 337 | ||
Nonaccrual Loans [Member] | |||
Financing Receivable, Collectively Evaluated for Impairment | 800 | 800 | |
Performing Financial Instruments [Member] | |||
Financing Receivable, Modifications, Recorded Investment | 8,800 | 4,200 | |
Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Modifications, Recorded Investment | 200 | 100 | |
One- to Four-family Mortgages [Member] | |||
Recorded Investment of Mortgage Loans Sold | 1,800 | ||
Gain (Loss) on Sales of Loans, Net | 25 | $ 68 | |
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage | $ 563 | $ 596 |
Note 4 - Loans - Loans Receivab
Note 4 - Loans - Loans Receivable, Net, by Category (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans receivable, gross | $ 715,971 | $ 731,758 |
Unearned income | (46) | (48) |
Net deferred loan costs | 2,525 | 2,569 |
Allowance for loan and lease losses | (8,306) | (8,419) |
Loans, net | 710,144 | 725,860 |
Residential Portfolio Segment [Member] | ||
Loans receivable, gross | 141,936 | 144,260 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 241,020 | 243,830 |
Construction, Land Acquisition and Development [Member] | ||
Loans receivable, gross | 21,731 | 18,357 |
Commercial and Industrial [Member] | ||
Loans receivable, gross | 142,587 | 153,758 |
Allowance for loan and lease losses | (1,679) | (1,736) |
Consumer Portfolio Segment [Member] | ||
Loans receivable, gross | 126,985 | 127,844 |
Allowance for loan and lease losses | (1,410) | (1,457) |
State and Political Subdivisions [Member] | ||
Loans receivable, gross | 41,712 | 43,709 |
Allowance for loan and lease losses | $ (349) | $ (490) |
Note 4 - Loans - Activity in th
Note 4 - Loans - Activity in the Allowance for Loan Losses, by Loan Category (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Balance | $ 8,419 | $ 8,790 | |
Charge-offs | (297) | (1,148) | |
Recoveries | 662 | 297 | |
Provisions (credits) | (478) | 696 | |
Balance | 8,306 | 8,635 | |
(Credit) provision for loan and lease losses | (478) | 696 | |
Allowance for loan losses, individually evaluated for impairment | 585 | $ 302 | |
Allowance for loan losses, collectively evaluated for impairment | 7,721 | 8,117 | |
Allowance for loan losses | 8,306 | 8,419 | |
Loans receivable, individually evaluated for impairment | 9,943 | 5,604 | |
Loans receivable, collectively evaluated for impairment | 706,028 | 726,154 | |
Loans receivable | 715,971 | 731,758 | |
Residential Portfolio Segment [Member] | |||
Loans receivable | 141,936 | 144,260 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Balance | 1,171 | 1,333 | |
Charge-offs | (49) | (24) | |
Recoveries | 1 | 1 | |
Provisions (credits) | 21 | (100) | |
Balance | 1,144 | 1,210 | |
(Credit) provision for loan and lease losses | 21 | (100) | |
Allowance for loan losses, individually evaluated for impairment | 6 | 29 | |
Allowance for loan losses, collectively evaluated for impairment | 1,138 | 1,142 | |
Allowance for loan losses | 1,144 | 1,171 | |
Loans receivable, individually evaluated for impairment | 1,874 | 1,929 | |
Loans receivable, collectively evaluated for impairment | 140,062 | 142,331 | |
Loans receivable | 141,936 | 144,260 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 241,020 | 243,830 | |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Balance | 3,297 | 3,346 | |
Charge-offs | 0 | (251) | |
Recoveries | 4 | 1 | |
Provisions (credits) | 200 | 195 | |
Balance | 3,501 | 3,291 | |
(Credit) provision for loan and lease losses | 200 | 195 | |
Allowance for loan losses, individually evaluated for impairment | 578 | 254 | |
Allowance for loan losses, collectively evaluated for impairment | 2,923 | 3,043 | |
Allowance for loan losses | 3,501 | 3,297 | |
Loans receivable, individually evaluated for impairment | 6,908 | 2,937 | |
Loans receivable, collectively evaluated for impairment | 234,112 | 240,893 | |
Loans receivable | 241,020 | 243,830 | |
Construction, Land Acquisition and Development [Member] | |||
Loans receivable | 21,731 | 18,357 | |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | |||
Balance | 268 | 853 | |
Charge-offs | 0 | 0 | |
Recoveries | 421 | 0 | |
Provisions (credits) | (466) | (200) | |
Balance | 223 | 653 | |
(Credit) provision for loan and lease losses | (466) | (200) | |
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | |
Allowance for loan losses, collectively evaluated for impairment | 223 | 268 | |
Allowance for loan losses | 223 | 268 | |
Loans receivable, individually evaluated for impairment | 98 | 350 | |
Loans receivable, collectively evaluated for impairment | 21,633 | 18,007 | |
Loans receivable | 21,731 | 18,357 | |
Commercial and Industrial [Member] | |||
Balance | 1,736 | 1,205 | |
Charge-offs | (30) | (568) | |
Recoveries | 69 | 94 | |
Provisions (credits) | (96) | 591 | |
Balance | 1,679 | 1,322 | |
(Credit) provision for loan and lease losses | (96) | 591 | |
Allowance for loan losses, individually evaluated for impairment | 1 | 18 | |
Allowance for loan losses, collectively evaluated for impairment | 1,678 | 1,718 | |
Allowance for loan losses | 1,679 | 1,736 | |
Loans receivable, individually evaluated for impairment | 767 | 91 | |
Loans receivable, collectively evaluated for impairment | 141,820 | 153,667 | |
Loans receivable | 142,587 | 153,758 | |
Consumer Portfolio Segment [Member] | |||
Balance | 1,457 | 1,494 | |
Charge-offs | (218) | (305) | |
Recoveries | 167 | 201 | |
Provisions (credits) | 4 | (11) | |
Balance | 1,410 | 1,379 | |
(Credit) provision for loan and lease losses | 4 | (11) | |
Allowance for loan losses, individually evaluated for impairment | 0 | 1 | |
Allowance for loan losses, collectively evaluated for impairment | 1,410 | 1,456 | |
Allowance for loan losses | 1,410 | 1,457 | |
Loans receivable, individually evaluated for impairment | 296 | 297 | |
Loans receivable, collectively evaluated for impairment | 126,689 | 127,547 | |
Loans receivable | 126,985 | 127,844 | |
State and Political Subdivisions [Member] | |||
Balance | 490 | 485 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Provisions (credits) | (141) | 295 | |
Balance | 349 | 780 | |
(Credit) provision for loan and lease losses | (141) | 295 | |
Allowance for loan losses, individually evaluated for impairment | 0 | 0 | |
Allowance for loan losses, collectively evaluated for impairment | 349 | 490 | |
Allowance for loan losses | 349 | 490 | |
Loans receivable, individually evaluated for impairment | 0 | 0 | |
Loans receivable, collectively evaluated for impairment | 41,712 | 43,709 | |
Loans receivable | 41,712 | $ 43,709 | |
Unallocated Financing Receivables [Member] | |||
Balance | 0 | 74 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Provisions (credits) | 0 | (74) | |
Balance | 0 | 0 | |
(Credit) provision for loan and lease losses | $ 0 | $ (74) |
Note 4 - Loans - Investment in
Note 4 - Loans - Investment in Loans Receivable by Loan Category and Credit Quality Indicator (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans receivable, gross | $ 715,971 | $ 731,758 |
Commercial Loans [Member] | ||
Loans receivable, gross | 464,985 | 481,252 |
Accruing Loans [Member] | ||
Loans receivable, gross | 250,208 | 249,725 |
Nonaccrual Loans [Member] | ||
Loans receivable, gross | 778 | 781 |
Subtotal, Other Loans [Member] | ||
Loans receivable, gross | 250,986 | 250,506 |
Pass [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 445,906 | 462,047 |
Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 6,335 | 11,409 |
Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 12,744 | 7,796 |
Doubtful [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Loss [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Residential Portfolio Segment [Member] | ||
Loans receivable, gross | 141,936 | 144,260 |
Residential Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 22,486 | 26,366 |
Residential Portfolio Segment [Member] | Accruing Loans [Member] | ||
Loans receivable, gross | 118,813 | 117,286 |
Residential Portfolio Segment [Member] | Nonaccrual Loans [Member] | ||
Loans receivable, gross | 637 | 608 |
Residential Portfolio Segment [Member] | Subtotal, Other Loans [Member] | ||
Loans receivable, gross | 119,450 | 117,894 |
Residential Portfolio Segment [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 21,668 | 25,506 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 387 | 394 |
Residential Portfolio Segment [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 431 | 466 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Residential Portfolio Segment [Member] | Loss [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 241,020 | 243,830 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 241,020 | 243,830 |
Commercial Real Estate Portfolio Segment [Member] | Accruing Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonaccrual Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Subtotal, Other Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 227,214 | 233,523 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 4,967 | 4,911 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 8,839 | 5,396 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Loss [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Construction, Land Acquisition and Development [Member] | ||
Loans receivable, gross | 21,731 | 18,357 |
Construction, Land Acquisition and Development [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 18,440 | 14,895 |
Construction, Land Acquisition and Development [Member] | Accruing Loans [Member] | ||
Loans receivable, gross | 3,291 | 3,462 |
Construction, Land Acquisition and Development [Member] | Nonaccrual Loans [Member] | ||
Loans receivable, gross | 0 | |
Construction, Land Acquisition and Development [Member] | Subtotal, Other Loans [Member] | ||
Loans receivable, gross | 3,291 | 3,462 |
Construction, Land Acquisition and Development [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 17,921 | 14,101 |
Construction, Land Acquisition and Development [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 342 | 346 |
Construction, Land Acquisition and Development [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 177 | 448 |
Construction, Land Acquisition and Development [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Loss [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Commercial and Industrial [Member] | ||
Loans receivable, gross | 142,587 | 153,758 |
Commercial and Industrial [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 138,726 | 149,716 |
Commercial and Industrial [Member] | Accruing Loans [Member] | ||
Loans receivable, gross | 3,861 | 4,042 |
Commercial and Industrial [Member] | Nonaccrual Loans [Member] | ||
Loans receivable, gross | ||
Commercial and Industrial [Member] | Subtotal, Other Loans [Member] | ||
Loans receivable, gross | 3,861 | 4,042 |
Commercial and Industrial [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 135,232 | 145,794 |
Commercial and Industrial [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 639 | 2,794 |
Commercial and Industrial [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 2,855 | 1,128 |
Commercial and Industrial [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Commercial and Industrial [Member] | Loss [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans receivable, gross | 126,985 | 127,844 |
Consumer Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 2,601 | 2,736 |
Consumer Portfolio Segment [Member] | Accruing Loans [Member] | ||
Loans receivable, gross | 124,243 | 124,935 |
Consumer Portfolio Segment [Member] | Nonaccrual Loans [Member] | ||
Loans receivable, gross | 141 | 173 |
Consumer Portfolio Segment [Member] | Subtotal, Other Loans [Member] | ||
Loans receivable, gross | 124,384 | 125,108 |
Consumer Portfolio Segment [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 2,565 | 2,699 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 36 | 37 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
Consumer Portfolio Segment [Member] | Loss [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
State and Political Subdivisions [Member] | ||
Loans receivable, gross | 41,712 | 43,709 |
State and Political Subdivisions [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 41,712 | 43,709 |
State and Political Subdivisions [Member] | Accruing Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
State and Political Subdivisions [Member] | Nonaccrual Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
State and Political Subdivisions [Member] | Subtotal, Other Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
State and Political Subdivisions [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 41,306 | 40,424 |
State and Political Subdivisions [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 2,964 | |
State and Political Subdivisions [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 406 | 321 |
State and Political Subdivisions [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 0 |
State and Political Subdivisions [Member] | Loss [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | $ 0 | $ 0 |
Note 4 - Loans - Performing and
Note 4 - Loans - Performing and Non-performing Loan Delinquency Status (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Loans past due | $ 715,971 | $ 731,758 |
Performing Financial Instruments [Member] | ||
Loans past due | 714,049 | 729,524 |
Nonperforming Financial Instruments [Member] | ||
Loans past due | 1,922 | 2,234 |
Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 402,947 | 404,450 |
Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 1,740 | 1,997 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 141,155 | 143,478 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 781 | 782 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 240,072 | 242,860 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 21,720 | 18,112 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 11 | 245 |
Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 142,546 | 153,694 |
Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 41 | 64 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 126,844 | 127,671 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 141 | 173 |
State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 41,712 | 43,709 |
State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 948 | 970 |
Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Loans past due | 711,179 | 726,246 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 710,612 | 725,813 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 567 | 433 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 400,801 | 402,385 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 502 | 377 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 140,520 | 143,142 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 374 | 176 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 238,903 | 241,477 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 21,378 | 17,766 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 142,189 | 153,378 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 125,910 | 126,341 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 65 | 56 |
Financing Receivables, 1 to 29 Days Past Due [Member] | State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 41,712 | 43,709 |
Financing Receivables, 1 to 29 Days Past Due [Member] | State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 128 | 201 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | 2,556 | 3,237 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 2,539 | 2,742 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 17 | 495 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 1,436 | 1,405 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 470 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 458 | 229 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 202 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 636 | 830 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 342 | 346 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 245 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 338 | 307 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 765 | 1,030 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 17 | 25 |
Financing Receivables, 30 to 59 Days Past Due [Member] | State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 23 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans past due | 1,017 | 988 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 898 | 969 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 119 | 19 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 710 | 660 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 116 | 17 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 177 | 107 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 32 | 17 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 533 | 553 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 19 | 9 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 169 | 300 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 3 | 2 |
Financing Receivables, 60 to 89 Days Past Due [Member] | State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 84 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans past due | 1,219 | 1,287 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 1,219 | 1,287 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 1,122 | 1,133 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 375 | 387 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 11 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 41 | 64 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 56 | 90 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | $ 736 | $ 746 |
Note 4 - Loans - Impaired Loans
Note 4 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Recorded investment, with no allowance recorded | $ 1,632 | $ 1,875 |
Unpaid principal balance, with no allowance recorded | 1,805 | 2,491 |
Recorded investment, with a related allowance recorded | 8,311 | 3,729 |
Unpaid principal balance, with a related allowance recorded | 8,349 | 3,729 |
Related Allowance | 585 | 302 |
Recorded Investment | 9,943 | 5,604 |
Unpaid principal balance | 10,154 | 6,220 |
Real Estate Loan [Member] | ||
Recorded investment, with no allowance recorded | 1,610 | 1,802 |
Unpaid principal balance, with no allowance recorded | 1,752 | 2,386 |
Recorded investment, with a related allowance recorded | 7,270 | 3,414 |
Unpaid principal balance, with a related allowance recorded | 7,308 | 3,414 |
Related Allowance | 584 | 283 |
Recorded Investment | 8,880 | 5,216 |
Unpaid principal balance | 9,060 | 5,800 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Recorded investment, with no allowance recorded | 469 | 386 |
Unpaid principal balance, with no allowance recorded | 551 | 477 |
Recorded investment, with a related allowance recorded | 1,405 | 1,543 |
Unpaid principal balance, with a related allowance recorded | 1,443 | 1,543 |
Related Allowance | 6 | 29 |
Recorded Investment | 1,874 | 1,929 |
Unpaid principal balance | 1,994 | 2,020 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Recorded investment, with no allowance recorded | 1,043 | 1,066 |
Unpaid principal balance, with no allowance recorded | 1,103 | 1,143 |
Recorded investment, with a related allowance recorded | 5,865 | 1,871 |
Unpaid principal balance, with a related allowance recorded | 5,865 | 1,871 |
Related Allowance | 578 | 254 |
Recorded Investment | 6,908 | 2,937 |
Unpaid principal balance | 6,968 | 3,014 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | ||
Recorded investment, with no allowance recorded | 98 | 350 |
Unpaid principal balance, with no allowance recorded | 98 | 766 |
Recorded investment, with a related allowance recorded | 0 | 0 |
Unpaid principal balance, with a related allowance recorded | 0 | 0 |
Related Allowance | 0 | 0 |
Recorded Investment | 98 | 350 |
Unpaid principal balance | 98 | 766 |
Commercial and Industrial [Member] | ||
Recorded investment, with no allowance recorded | 22 | 73 |
Unpaid principal balance, with no allowance recorded | 53 | 105 |
Recorded investment, with a related allowance recorded | 745 | 18 |
Unpaid principal balance, with a related allowance recorded | 745 | 18 |
Related Allowance | 1 | 18 |
Recorded Investment | 767 | 91 |
Unpaid principal balance | 798 | 123 |
Consumer Portfolio Segment [Member] | ||
Recorded investment, with no allowance recorded | 0 | 0 |
Unpaid principal balance, with no allowance recorded | 0 | 0 |
Recorded investment, with a related allowance recorded | 296 | 297 |
Unpaid principal balance, with a related allowance recorded | 296 | 297 |
Related Allowance | 0 | 1 |
Recorded Investment | 296 | 297 |
Unpaid principal balance | 296 | 297 |
State and Political Subdivisions [Member] | ||
Recorded investment, with no allowance recorded | 0 | 0 |
Unpaid principal balance, with no allowance recorded | 0 | 0 |
Recorded investment, with a related allowance recorded | 0 | 0 |
Unpaid principal balance, with a related allowance recorded | 0 | 0 |
Related Allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid principal balance | $ 0 | $ 0 |
Note 4 - Loans - Average Balanc
Note 4 - Loans - Average Balance and Interest Income by Loan Category Recognized on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | ||
Average Balance | $ 6,917 | $ 7,775 | |
Interest Income | [1] | 70 | 56 |
Real Estate Loan [Member] | |||
Average Balance | 6,306 | 7,224 | |
Interest Income | [1] | 62 | 52 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Average Balance | 1,906 | 2,876 | |
Interest Income | [1] | 21 | 26 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Average Balance | 4,241 | 3,782 | |
Interest Income | [1] | 40 | 23 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | |||
Average Balance | 159 | 566 | |
Interest Income | [1] | 1 | 3 |
Commercial and Industrial [Member] | |||
Average Balance | 315 | 201 | |
Interest Income | [1] | 5 | 1 |
Consumer Portfolio Segment [Member] | |||
Average Balance | 296 | 350 | |
Interest Income | [1] | 3 | 3 |
State and Political Subdivisions [Member] | |||
Average Balance | 0 | 0 | |
Interest Income | [1] | $ 0 | $ 0 |
[1] | Interest income represents income recognized on performing TDRs. |
Note 4 - Loans - Investment i44
Note 4 - Loans - Investment in Loans Modified as TDRs by Loan Category (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | |
Financing Receivable, Modifications, Number of Contracts | 2 | 0 |
Pre-modification Outstanding Recorded Investments | $ 4,717 | |
Post-modification Outstanding Recorded Investments | $ 4,717 | |
Number of Contracts | 2 | 0 |
Residential Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | ||
Pre-modification Outstanding Recorded Investments | ||
Post-modification Outstanding Recorded Investments | ||
Number of Contracts | ||
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | |
Pre-modification Outstanding Recorded Investments | $ 4,022 | |
Post-modification Outstanding Recorded Investments | $ 4,022 | |
Number of Contracts | 1 | |
Construction, Land Acquisition and Development [Member] | ||
Financing Receivable, Modifications, Number of Contracts | ||
Pre-modification Outstanding Recorded Investments | ||
Post-modification Outstanding Recorded Investments | ||
Number of Contracts | ||
Commercial and Industrial [Member] | ||
Financing Receivable, Modifications, Number of Contracts | 1 | |
Pre-modification Outstanding Recorded Investments | $ 695 | |
Post-modification Outstanding Recorded Investments | $ 695 | |
Number of Contracts | 1 | |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Modifications, Number of Contracts | ||
Pre-modification Outstanding Recorded Investments | ||
Post-modification Outstanding Recorded Investments | ||
Number of Contracts | ||
State and Political Subdivisions [Member] | ||
Financing Receivable, Modifications, Number of Contracts | ||
Pre-modification Outstanding Recorded Investments | ||
Post-modification Outstanding Recorded Investments | ||
Number of Contracts |
Note 4 - Loans - Types of Modif
Note 4 - Loans - Types of Modifications (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Extended Maturity [Member] | |
Financing receivable, modifications | |
Extended Maturity and Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
Principal Forbearance [Member] | |
Financing receivable, modifications | 4,717 |
Residential Portfolio Segment [Member] | Extended Maturity [Member] | |
Financing receivable, modifications | |
Residential Portfolio Segment [Member] | Extended Maturity and Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
Residential Portfolio Segment [Member] | Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
Residential Portfolio Segment [Member] | Principal Forbearance [Member] | |
Financing receivable, modifications | |
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member] | |
Financing receivable, modifications | |
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity and Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
Commercial Real Estate Portfolio Segment [Member] | Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
Commercial Real Estate Portfolio Segment [Member] | Principal Forbearance [Member] | |
Financing receivable, modifications | 4,022 |
Construction, Land Acquisition and Development [Member] | Extended Maturity [Member] | |
Financing receivable, modifications | |
Construction, Land Acquisition and Development [Member] | Extended Maturity and Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
Construction, Land Acquisition and Development [Member] | Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
Construction, Land Acquisition and Development [Member] | Principal Forbearance [Member] | |
Financing receivable, modifications | |
Commercial and Industrial [Member] | Extended Maturity [Member] | |
Financing receivable, modifications | |
Commercial and Industrial [Member] | Extended Maturity and Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
Commercial and Industrial [Member] | Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
Commercial and Industrial [Member] | Principal Forbearance [Member] | |
Financing receivable, modifications | 695 |
Consumer Portfolio Segment [Member] | Extended Maturity [Member] | |
Financing receivable, modifications | |
Consumer Portfolio Segment [Member] | Extended Maturity and Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
Consumer Portfolio Segment [Member] | Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
Consumer Portfolio Segment [Member] | Principal Forbearance [Member] | |
Financing receivable, modifications | |
State and Political Subdivisions [Member] | Extended Maturity [Member] | |
Financing receivable, modifications | |
State and Political Subdivisions [Member] | Extended Maturity and Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
State and Political Subdivisions [Member] | Capitalization of Taxes [Member] | |
Financing receivable, modifications | |
State and Political Subdivisions [Member] | Principal Forbearance [Member] | |
Financing receivable, modifications |
Note 4 - Loans - TDRs with Subs
Note 4 - Loans - TDRs with Subsequent Default (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | |
Number of Contracts | 1 | 2 |
Recorded Investment | $ 10 | $ 70 |
Residential Portfolio Segment [Member] | ||
Number of Contracts | 2 | |
Recorded Investment | $ 70 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Number of Contracts | ||
Recorded Investment | ||
Construction, Land Acquisition and Development [Member] | ||
Number of Contracts | 1 | |
Recorded Investment | $ 10 | |
Commercial and Industrial [Member] | ||
Number of Contracts | ||
Recorded Investment | ||
Consumer Portfolio Segment [Member] | ||
Number of Contracts | ||
Recorded Investment | ||
State and Political Subdivisions [Member] | ||
Number of Contracts | ||
Recorded Investment |
Note 5 - Deposits (Details Text
Note 5 - Deposits (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Increase (Decrease) in Deposits | $ (91,713) | $ 61,579 | |
Deposits | 923,426 | $ 1,015,139 | |
Increase (Decrease) in Noninterest-bearing Deposit Liabilities | (16,800) | ||
Noninterest-bearing Deposit Liabilities | 156,901 | 173,702 | |
Increase (Decrease) in Interest-bearing Deposit Liabilities | (74,900) | ||
Interest-bearing Deposit Liabilities | $ 766,525 | $ 841,437 |
Note 5 - Deposits - Summary of
Note 5 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Demand (non-interest-bearing) | $ 156,901 | $ 173,702 |
Interest-bearing demand | 462,147 | 551,114 |
Savings | 103,290 | 103,241 |
Time ($250,000 and over) | 44,755 | 35,917 |
Other time | 156,333 | 151,165 |
Total interest-bearing | 766,525 | 841,437 |
Total deposits | $ 923,426 | $ 1,015,139 |
Note 6 - Income Taxes (Details
Note 6 - Income Taxes (Details Textual) - USD ($) $ in Millions | Mar. 31, 2017 | Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% | 34.00% | 34.00% | 34.00% |
Operating Loss Carryforwards | $ 50.4 | $ 50.4 | ||
Deferred Tax Assets, Operating Loss Carryforwards | $ 17.1 | $ 17.1 | ||
Charitable Contribution Carryovers | $ 0.7 | |||
AMT Credit [Member] | ||||
Tax Credit Carryforward, Amount | $ 2.6 |
Note 6 - Income Taxes - Effecti
Note 6 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 |
Provision at statutory tax rates | $ 1,021 | $ 465 | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% | 34.00% | 34.00% | 34.00% |
Tax effects of non-taxable income | $ (122) | $ (128) | ||
Tax effects of non-taxable income | (4.06%) | (9.35%) | ||
Non-deductible interest expense | $ 3 | $ 2 | ||
Non-deductible interest expense | 0.07% | 0.15% | ||
Bank-owned life insurance | $ (46) | $ (49) | ||
Bank-owned life insurance | (1.53%) | (3.58%) | ||
Change in valuation allowance | $ (8) | |||
Change in valuation allowance | 0.00% | (0.58%) | ||
Other items, net | $ (50) | $ (56) | ||
Other items, net | (1.63%) | (4.09%) | ||
Income tax expense | $ 806 | $ 226 | ||
Income tax provision | 26.84% | 16.51% |
Note 7 - Related Party Transa51
Note 7 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | |
Loans and Leases Receivable, Net Amount | $ 710,144 | $ 710,144 | $ 725,860 | |
Related Party Transaction, Interest Paid | 113 | $ 159 | ||
Related Party Transaction, Payments of Previously Deferred and Accrued Interest | 10,800 | |||
Director [Member] | ||||
Loans and Leases Receivable, Net Amount | 381 | |||
Director [Member] | Nonperforming Financial Instruments [Member] | ||||
Due from Related Parties | 0 | 0 | ||
Directors, Executive Officers and Their Related Parties [Member] | ||||
Related Party Deposit Liabilities | 97,700 | 97,700 | 119,300 | |
Related Party Transactions, Interest Paid on Deposits | 64 | 43 | ||
Related Party Transaction, Expenses from Transactions with Related Party | 542 | 435 | ||
Related Party Transactions, Subordinated Debt | 6,200 | 6,200 | $ 6,200 | |
Related Party Transaction, Interest Paid | 69 | 98 | ||
Related Party Transaction, Payments of Previously Deferred and Accrued Interest | $ 3,900 | |||
Executive Officer [Member] | Nonperforming Financial Instruments [Member] | ||||
Due from Related Parties | $ 0 | $ 0 |
Note 7 - Related Party Transa52
Note 7 - Related Party Transactions - Related Party Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Balance | $ 42,007 | $ 52,652 |
Additions, new loans and advances | 26,210 | 5,995 |
Repayments | (24,028) | (14,681) |
Balance | $ 44,189 | $ 43,966 |
Note 8 - Contingencies (Details
Note 8 - Contingencies (Details Textual) - USD ($) | Feb. 16, 2017 | Apr. 01, 2014 | Mar. 28, 2014 | Mar. 31, 2017 | Feb. 04, 2014 | Dec. 31, 2013 |
Derivative Liability | $ 5,000,000 | |||||
Litigation Settlement, Amount Awarded from Other Party | $ 5,000,000 | |||||
Accrued Liabilities and Other Liabilities | $ 2,500,000 | |||||
Litigation Settlement Fees and Costs | $ 2,500,000 | |||||
Partial Indemnification, Individual Defendants Paid | $ 2,500,000 | |||||
Consumer Class Action [Member] | ||||||
Litigation Settlement, Amount Awarded to Other Party | $ 750,000 |
Note 9 - Stock Compensation P54
Note 9 - Stock Compensation Plans (Details Textual) - USD ($) $ in Thousands | Mar. 01, 2016 | Mar. 31, 2017 | Mar. 31, 2017 | Mar. 31, 2016 | Oct. 23, 2013 |
The 2000 Employee Stock Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 180 days | ||||
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] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,200,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 977,253 | 977,253 | |||
Allocated Share-based Compensation Expense | $ 74 | 30 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 668 | $ 668 | $ 747 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | ||||
Employee Stock Option [Member] | The 2000 Employee Stock Incentive Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,100,000 | 1,100,000 | |||
Restricted Stock [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 54,549 | 67,600 | |||
Restricted Stock [Member] | Long-Term Incentive Compensation Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 67,600 | 54,549 |
Note 9 - Stock Compensation P55
Note 9 - Stock Compensation Plans - Stock Compensation Plans (Details) - Restricted Stock [Member] - $ / shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Unvested (in shares) | 103,874 | 112,958 |
Unvested, Weighted average grant date fair value (in dollars per share) | $ 5.74 | $ 5.99 |
Awards granted (in shares) | 54,549 | 67,600 |
Awards granted, Weighted average grant date fair value (in dollars per share) | $ 6.83 | $ 5.53 |
Forfeitures (in shares) | (5,050) | |
Forfeitures, Weighted average grant date fair value (in dollars per share) | $ 5.65 | |
Vestings (in shares) | (11,090) | (16,187) |
Vestings, Weighted average grant date fair value (in dollars per share) | $ 6.70 | $ 6.70 |
Unvested (in shares) | 142,283 | 164,371 |
Unvested, Weighted average grant date fair value (in dollars per share) | $ 6.09 | $ 5.73 |
Note 10 - Regulatory Matters_56
Note 10 - Regulatory Matters/Subsequent Event (Details Textual) - $ / shares | 3 Months Ended | ||
Jun. 30, 2017 | Mar. 31, 2017 | Mar. 31, 2016 | |
Cash dividends declared, per share (in dollars per share) | $ 0.03 | $ 0.02 | |
Stock Issued During Period, Shares, New Issues | 35,379 | ||
Common Stock, Dividends, Per Share, Cash Paid | $ 0.03 | $ 0.02 | |
Scenario, Forecast [Member] | |||
Cash dividends declared, per share (in dollars per share) | $ 0.03 |
Note 10 - Regulatory Matters_57
Note 10 - Regulatory Matters/Subsequent Event - Risk-based Capital and Related Ratios (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | |
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 | 9.25% | 8.625% | |
Total capital (to risk-weighted assets), To be well capitalized under prompt corrective action | [1] | 10.00% | 10.00% |
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 | 7.25% | 6.625% | |
Tier I capital (to risk-weighted assets), To be well capitalized under prompt corrective action | [1] | 8.00% | 8.00% |
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 | 5.75% | 5.125% | |
Tier I common equity (to risk-weighted assets), To be well capitalized under prompt corrective action | [1] | 6.50% | 6.50% |
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% | 4.00% | |
Tier I capital (to average assets), To be well capitalized under prompt corrective action | [1] | 5.00% | 5.00% |
Parent Company [Member] | |||
Total capital (to risk-weighted assets), Amount | $ 98,527 | $ 96,827 | |
Total capital (to risk-weighted assets), Ratio | 12.38% | 12.06% | |
Tier I capital (to risk-weighted assets), Amount | $ 84,963 | $ 82,159 | |
Tier I capital (to risk-weighted assets), Ratio | 10.68% | 10.23% | |
Tier I common equity (to risk-weighted assets), Amount | $ 78,747 | $ 80,049 | |
Tier I common equity (to risk-weighted assets), Ratio | 9.90% | 9.97% | |
Tier I capital (to average assets), Amount | $ 84,963 | $ 82,159 | |
Tier I capital (to average assets), Ratio | 7.55% | 7.53% | |
Total risk-weighted assets, Amount | $ 795,623 | $ 803,026 | |
Total average assets, Amount | 1,125,290 | 1,090,665 | |
Subsidiaries [Member] | |||
Total capital (to risk-weighted assets), Amount | $ 105,921 | $ 102,786 | |
Total capital (to risk-weighted assets), Ratio | 13.32% | 12.81% | |
Tier I capital (to risk-weighted assets), Amount | $ 97,357 | $ 94,118 | |
Tier I capital (to risk-weighted assets), Ratio | 12.24% | 11.73% | |
Tier I common equity (to risk-weighted assets), Amount | $ 97,357 | $ 94,118 | |
Tier I common equity (to risk-weighted assets), Ratio | 12.24% | 11.73% | |
Tier I capital (to average assets), Amount | $ 97,357 | $ 94,118 | |
Tier I capital (to average assets), Ratio | 8.65% | 8.63% | |
Total risk-weighted assets, Amount | $ 795,212 | $ 802,610 | |
Total average assets, Amount | $ 1,125,320 | $ 1,090,550 | |
[1] | Applies to the Bank only. |
Note 11 - Fair Value Measurem58
Note 11 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Available-for-sale Securities | $ 284,965 | $ 272,676 |
Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale Securities | $ 0 | $ 0 |
Note 11 - Fair Value Measurem59
Note 11 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Securities available for sale, at fair value | $ 284,965 | $ 272,676 |
Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale, at fair value | 0 | 0 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, at fair value | 7,497 | 12,188 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale, at fair value | 133,626 | 117,873 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Residential Mortgage [Member] | ||
Securities available for sale, at fair value | 17,351 | 18,084 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Commercial Loan [Member] | ||
Securities available for sale, at fair value | 98,632 | 99,350 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, at fair value | 22,334 | 20,576 |
Corporate Debt Securities [Member] | ||
Securities available for sale, at fair value | 453 | 453 |
Asset-backed Securities [Member] | ||
Securities available for sale, at fair value | 935 | |
Negotiable Certificates of Deposit [Member] | ||
Securities available for sale, at fair value | 3,204 | 3,216 |
Equity Securities [Member] | ||
Securities available for sale, at fair value | 933 | 936 |
Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale, at fair value | 284,965 | 272,676 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale, at fair value | 933 | 936 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale, at fair value | 284,032 | 271,740 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale, at fair value | 7,497 | 12,188 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale, at fair value | 7,497 | 12,188 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale, at fair value | 133,626 | 117,873 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale, at fair value | 133,626 | 117,873 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Residential Mortgage [Member] | ||
Securities available for sale, at fair value | 17,351 | 18,084 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Commercial Loan [Member] | ||
Securities available for sale, at fair value | 98,632 | 99,350 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | Residential Mortgage [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | Commercial Loan [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | Residential Mortgage [Member] | ||
Securities available for sale, at fair value | 17,351 | 18,084 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Loan [Member] | ||
Securities available for sale, at fair value | 98,632 | 99,350 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | Residential Mortgage [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | Commercial Loan [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, at fair value | 22,334 | 20,576 |
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale, at fair value | 22,334 | 20,576 |
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Securities available for sale, at fair value | 453 | 453 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale, at fair value | 453 | 453 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | ||
Securities available for sale, at fair value | 935 | |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale, at fair value | 935 | |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Negotiable Certificates of Deposit [Member] | ||
Securities available for sale, at fair value | 3,204 | 3,216 |
Fair Value, Measurements, Recurring [Member] | Negotiable Certificates of Deposit [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Negotiable Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale, at fair value | 3,204 | 3,216 |
Fair Value, Measurements, Recurring [Member] | Negotiable Certificates of Deposit [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||
Securities available for sale, at fair value | 933 | 936 |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale, at fair value | 933 | 936 |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale, at fair value |
Note 11 - Fair Value Measurem60
Note 11 - Fair Value Measurements - Assets Measured At Fair Value On a Non-recurring Basis and Quantitative Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
Recorded Investment | $ 9,943 | $ 5,604 |
Related Allowance | 585 | 302 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Market Approach Valuation Technique [Member] | Impaired Loans, Collateral Dependent [Member] | ||
Recorded Investment | 4,491 | 482 |
Related Allowance | 360 | 68 |
Fair Value | $ 4,131 | $ 414 |
Selling Cost | 10.00% | 10.00% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Market Approach Valuation Technique [Member] | Impaired Loans, Collateral Dependent [Member] | Minimum [Member] | ||
Selling Cost | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Market Approach Valuation Technique [Member] | Impaired Loans, Collateral Dependent [Member] | Maximum [Member] | ||
Selling Cost | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | ||
Recorded Investment | $ 45 | $ 1,949 |
Related Allowance | ||
Fair Value | $ 45 | $ 1,949 |
Selling Cost | 10.00% | 10.00% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Minimum [Member] | ||
Selling Cost | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | Maximum [Member] | ||
Selling Cost | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Income Approach Valuation Technique [Member] | Impaired Loans, Other [Member] | ||
Recorded Investment | $ 3,821 | $ 3,247 |
Related Allowance | 226 | 234 |
Fair Value | $ 3,595 | $ 3,013 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Income Approach Valuation Technique [Member] | Impaired Loans, Other [Member] | Minimum [Member] | ||
Discount Rate | 3.00% | 3.00% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Income Approach Valuation Technique [Member] | Impaired Loans, Other [Member] | Maximum [Member] | ||
Discount Rate | 7.50% | 7.50% |
Note 11 - Fair Value Measurem61
Note 11 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Information (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financial assets | ||
Securities available for sale, at fair value | $ 284,965 | $ 272,676 |
Fair Value, Inputs, Level 3 [Member] | ||
Financial assets | ||
Securities available for sale, at fair value | 0 | 0 |
Reported Value Measurement [Member] | ||
Financial assets | ||
Securities available for sale, at fair value | 284,965 | 272,676 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets | ||
Cash and short term investments | 26,725 | 112,445 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets | ||
Loans held for sale | 563 | 596 |
Accrued interest receivable | 2,950 | 2,757 |
Financial liabilities | ||
Deposits | 923,426 | 1,015,139 |
Borrowed funds | 76,942 | 78,847 |
Accrued interest payable | 225 | 242 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||
Financial assets | ||
FHLB of Pittsburgh stock | 2,678 | 3,311 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets | ||
Loans, net | 710,144 | 725,860 |
Servicing rights | 205 | 215 |
Estimate of Fair Value Measurement [Member] | ||
Financial assets | ||
Securities available for sale, at fair value | 284,965 | 272,676 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets | ||
Cash and short term investments | 26,725 | 112,445 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets | ||
Loans held for sale | 563 | 596 |
Accrued interest receivable | 2,950 | 2,757 |
Financial liabilities | ||
Deposits | 887,757 | 968,904 |
Borrowed funds | 76,985 | 78,923 |
Accrued interest payable | 225 | 242 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||
Financial assets | ||
FHLB of Pittsburgh stock | 2,678 | 3,311 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets | ||
Loans, net | 700,860 | 715,602 |
Servicing rights | $ 743 | $ 744 |
Note 12 - Earnings Per Share (D
Note 12 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 37,700 | 50,746 |
Note 12 - Earnings Per Share -
Note 12 - Earnings Per Share - Calculation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Net income | $ 2,197 | $ 1,143 |
Basic (in shares) | 16,657,551 | 16,519,759 |
Plus: Common share equivalents (in shares) | 13,237 | 821 |
Diluted weighted-average number of common shares outstanding (in shares) | 16,670,788 | 16,520,580 |
Basic (in dollars per share) | $ 0.13 | $ 0.07 |
Diluted (in dollars per share) | $ 0.13 | $ 0.07 |
Note 13 - Other Comprehensive64
Note 13 - Other Comprehensive Income - Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Reclassification adjustment for net gains reclassified into net income | $ (278) | $ (103) |
Income tax expense | 806 | 226 |
Net of tax amount | 183 | 68 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||
Income tax expense | 95 | 35 |
Net of tax amount | (183) | (68) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Investment Gain (Loss) Including Portion Attributable to Noncontrolling Interest [Member] | ||
Reclassification adjustment for net gains reclassified into net income | $ (278) | $ (103) |
Note 13 - Other Comprehensive65
Note 13 - Other Comprehensive Income - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Balance | $ (1,784) | $ (238) |
Other comprehensive income before reclassifications | 1,218 | 5,088 |
Amounts reclassified from accumulated other comprehensive income | (183) | (68) |
Net other comprehensive income during the period | 1,035 | 5,020 |
Balance | $ (749) | $ 4,782 |