Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2017 | Aug. 04, 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) | 16,757,963 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Assets | ||
Cash and due from banks | $ 24,169 | $ 20,562 |
Interest-bearing deposits in other banks | 1,991 | 91,883 |
Total cash and cash equivalents | 26,160 | 112,445 |
Securities available for sale, at fair value | 277,618 | 272,676 |
Stock in Federal Home Loan Bank of Pittsburgh, at cost | 2,282 | 3,311 |
Loans held for sale | 617 | 596 |
Loans, net of allowance for loan and lease losses of $8,469 and $8,419 | 724,672 | 725,860 |
Bank premises and equipment, net | 10,715 | 10,784 |
Accrued interest receivable | 2,784 | 2,757 |
Bank-owned life insurance | 30,203 | 29,933 |
Other real estate owned | 1,183 | 2,048 |
Net deferred tax assets | 23,879 | 26,990 |
Other assets | 7,347 | 7,975 |
Total assets | 1,107,460 | 1,195,375 |
Liabilities | ||
Demand (non-interest-bearing) | 147,878 | 173,702 |
Interest-bearing | 784,872 | 841,437 |
Total deposits | 932,750 | 1,015,139 |
Borrowed funds: | ||
Federal Home Loan Bank of Pittsburgh advances | 44,903 | 58,537 |
Subordinated debentures | 10,000 | 10,000 |
Junior subordinated debentures | 10,310 | 10,310 |
Total borrowed funds | 65,213 | 78,847 |
Accrued interest payable | 235 | 242 |
Other liabilities | 12,797 | 11,000 |
Total liabilities | 1,010,995 | 1,105,228 |
Shareholders' equity | ||
Preferred stock ($1.25 par) Authorized: 20,000,000 shares at June 30, 2017 and December 31, 2016 Issued and outstanding: 0 shares at June 30, 2017 and December 31, 2016 | ||
Common stock ($1.25 par) Authorized: 50,000,000 shares at June 30, 2017 and December 31, 2016 Issued and outstanding: 16,757,963 shares at June 30, 2017 and 16,645,845 shares at December 31, 2016 | 20,947 | 20,807 |
Additional paid-in capital | 63,076 | 62,593 |
Retained earnings | 11,517 | 8,531 |
Accumulated other comprehensive income (loss) | 925 | (1,784) |
Total shareholders' equity | 96,465 | 90,147 |
Total liabilities and shareholders’ equity | $ 1,107,460 | $ 1,195,375 |
Consolidated Statements of Fin3
Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Loans, allowance for loan and lease losses | $ 8,469 | $ 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) | 16,757,963 | 16,645,845 |
Common shares, outstanding (in shares) | 16,757,963 | 16,645,845 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Interest income | ||||
Interest and fees on loans | $ 7,250 | $ 7,032 | $ 14,288 | $ 14,001 |
Interest and dividends on securities: | ||||
U.S. government agencies | 850 | 900 | 1,750 | 1,830 |
State and political subdivisions, tax-free | 12 | 11 | 35 | 21 |
State and political subdivisions, taxable | 978 | 624 | 1,800 | 1,159 |
Other securities | 61 | 94 | 127 | 190 |
Total interest and dividends on securities | 1,901 | 1,629 | 3,712 | 3,200 |
Interest on interest-bearing deposits in other banks | 32 | 2 | 122 | 6 |
Total interest income | 9,183 | 8,663 | 18,122 | 17,207 |
Interest expense | ||||
Interest on deposits | 826 | 663 | 1,570 | 1,305 |
Interest on borrowed funds: | ||||
Interest on Federal Home Loan Bank of Pittsburgh advances | 130 | 167 | 261 | 315 |
Interest on subordinated debentures | 114 | 159 | 226 | 318 |
Interest on junior subordinated debentures | 73 | 61 | 142 | 118 |
Total interest on borrowed funds | 317 | 387 | 629 | 751 |
Total interest expense | 1,143 | 1,050 | 2,199 | 2,056 |
Net interest income before provision (credit) for loan and lease losses | 8,040 | 7,613 | 15,923 | 15,151 |
Provision (credit) for loan and lease losses | 421 | 396 | (57) | 1,092 |
Net interest income after provision (credit) for loan and lease losses | 7,619 | 7,217 | 15,980 | 14,059 |
Non-interest income | ||||
Deposit service charges | 728 | 717 | 1,419 | 1,418 |
Net gain on the sale of available-for-sale securities | 693 | 857 | 971 | 960 |
Net gain on the sale of mortgage loans held for sale | 110 | 71 | 135 | 139 |
Net gain on the sale of SBA guaranteed loans | 56 | 56 | ||
Net (loss) gain on the sale of other repossessed assets | (10) | 47 | ||
Net gain (loss) on the sale of other real estate owned | 6 | 2 | 57 | (3) |
Loan-related fees | 65 | 95 | 156 | 202 |
Income from bank-owned life insurance | 135 | 143 | 270 | 289 |
Other | 240 | 209 | 482 | 420 |
Total non-interest income | 2,023 | 2,094 | 3,593 | 3,425 |
Non-interest expense | ||||
Salaries and employee benefits | 3,298 | 3,589 | 6,822 | 7,103 |
Occupancy expense | 586 | 329 | 1,173 | 822 |
Equipment expense | 446 | 425 | 906 | 848 |
Advertising expense | 191 | 172 | 305 | 265 |
Data processing expense | 509 | 494 | 996 | 1,017 |
Regulatory assessments | 164 | 193 | 337 | 430 |
Bank shares tax | 252 | 252 | 510 | 493 |
Expense of other real estate owned | 288 | 194 | 328 | 240 |
Legal expense | 24 | 86 | 92 | 206 |
Professional fees | 180 | 272 | 456 | 559 |
Insurance expense | 128 | 125 | 253 | 253 |
Other losses | 147 | 107 | 285 | 167 |
Other operating expenses | 727 | 787 | 1,405 | 1,426 |
Total non-interest expense | 6,940 | 7,025 | 13,868 | 13,829 |
Income before income tax expense | 2,702 | 2,286 | 5,705 | 3,655 |
Income tax expense | 910 | 661 | 1,716 | 887 |
Net income | $ 1,792 | $ 1,625 | $ 3,989 | $ 2,768 |
Earnings per share | ||||
Basic (in dollars per share) | $ 0.11 | $ 0.10 | $ 0.24 | $ 0.17 |
Diluted (in dollars per share) | 0.11 | 0.10 | 0.24 | 0.17 |
Cash dividends declared per common share (in dollars per share) | $ 0.03 | $ 0.02 | $ 0.06 | $ 0.04 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: | ||||
Basic (in shares) | 16,716,899 | 16,549,169 | 16,687,389 | 16,534,464 |
Diluted (in shares) | 16,736,995 | 16,553,636 | 16,704,056 | 16,537,108 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Net income | $ 1,792 | $ 1,625 | $ 3,989 | $ 2,768 |
Other comprehensive income: | ||||
Unrealized gains on securities available for sale | 3,230 | 3,818 | 5,076 | 11,527 |
Taxes | (1,098) | (1,298) | (1,726) | (3,919) |
Net of tax amount | 2,132 | 2,520 | 3,350 | 7,608 |
Reclassification adjustment for gains included in net income | (693) | (857) | (971) | (960) |
Taxes | 235 | 291 | 330 | 326 |
Net of tax amount | (458) | (566) | (641) | (634) |
Total other comprehensive income | 1,674 | 1,954 | 2,709 | 6,974 |
Comprehensive income | $ 3,466 | $ 3,579 | $ 6,698 | $ 9,742 |
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 |
Beginning balance at Dec. 31, 2015 | $ 20,643 | $ 62,059 | $ 3,714 | $ (238) | $ 86,178 |
Balances (in shares) at Dec. 31, 2015 | 16,514,245 | ||||
Net income for the period | 2,768 | 2,768 | |||
Cash dividends | (662) | (662) | |||
Common shares issued under long-term incentive compensation plan (in shares) | 52,848 | ||||
Common shares issued under long-term incentive compensation plan | $ 66 | (66) | |||
Restricted stock awards | 129 | 129 | |||
Common shares issued through dividend reinvestment / optional cash purchase plan (in shares) | 19,775 | ||||
Common shares issued through dividend reinvestment / optional cash purchase plan | $ 25 | 88 | 113 | ||
Other comprehensive income, net of tax | 6,974 | 6,974 | |||
Balances (in shares) at Jun. 30, 2016 | 16,586,868 | ||||
Ending balance at Jun. 30, 2016 | $ 20,734 | 62,210 | 5,820 | 6,736 | 95,500 |
Beginning balance at Mar. 31, 2016 | 4,782 | ||||
Net income for the period | 1,625 | ||||
Other comprehensive income, net of tax | 1,954 | 1,954 | |||
Balances (in shares) at Jun. 30, 2016 | 16,586,868 | ||||
Ending balance at Jun. 30, 2016 | $ 20,734 | 62,210 | 5,820 | 6,736 | 95,500 |
Beginning balance at Dec. 31, 2016 | $ 20,807 | 62,593 | 8,531 | (1,784) | 90,147 |
Balances (in shares) at Dec. 31, 2016 | 16,645,845 | ||||
Net income for the period | 3,989 | 3,989 | |||
Cash dividends | (1,003) | (1,003) | |||
Common shares issued under long-term incentive compensation plan (in shares) | 46,878 | ||||
Common shares issued under long-term incentive compensation plan | $ 58 | (58) | |||
Restricted stock awards | 167 | 167 | |||
Common shares issued through dividend reinvestment / optional cash purchase plan (in shares) | 65,240 | ||||
Common shares issued through dividend reinvestment / optional cash purchase plan | $ 82 | 374 | 456 | ||
Other comprehensive income, net of tax | 2,709 | 2,709 | |||
Balances (in shares) at Jun. 30, 2017 | 16,757,963 | ||||
Ending balance at Jun. 30, 2017 | $ 20,947 | 63,076 | 11,517 | 925 | 96,465 |
Beginning balance at Mar. 31, 2017 | (749) | ||||
Net income for the period | 1,792 | ||||
Other comprehensive income, net of tax | 1,674 | 1,674 | |||
Balances (in shares) at Jun. 30, 2017 | 16,757,963 | ||||
Ending balance at Jun. 30, 2017 | $ 20,947 | $ 63,076 | $ 11,517 | $ 925 | $ 96,465 |
Consolidated Statements of Cha7
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Retained Earnings [Member] | ||
Cash dividends declared, per share (in dollars per share) | $ 0.04 | |
AOCI Attributable to Parent [Member] | ||
Other comprehensive income (loss), tax | $ 3,593 | |
Other comprehensive income (loss), tax | $ 1,396 | |
Cash dividends declared, per share (in dollars per share) | $ 0.06 | $ 0.04 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Cash flows from operating activities: | ||
Net income | $ 3,989 | $ 2,768 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Investment securities amortization, net | 568 | 578 |
Equity in trust | (4) | (4) |
Depreciation and amortization | 1,317 | 1,340 |
Valuation adjustment for loan servicing rights | (4) | |
Stock-based compensation expense | 167 | 129 |
Provision (credit) for loan and lease losses | (57) | 1,092 |
Valuation adjustment for off-balance sheet commitments | 18 | (49) |
Net gain on the sale of available-for-sale securities | (971) | (960) |
Net gain on the sale of mortgage loans held for sale | (135) | (139) |
Net gain on the sale of other repossessed assets | (47) | |
Loss on the disposition of bank premises and equipment | 63 | |
Net gain on the sale of SBA guaranteed loans | (56) | |
Net (gain) loss on the sale of other real estate owned | (57) | 3 |
Valuation adjustment of other real estate owned | 240 | 138 |
Income from bank-owned life insurance | (270) | (289) |
Proceeds from the sale of mortgage loans held for sale | 6,402 | 3,449 |
Funds used to originate mortgage loans held for sale | (6,288) | (3,189) |
Deferred income tax expense | 1,716 | 887 |
Increase in interest receivable | (27) | (36) |
Decrease in prepaid expenses and other assets | 355 | 862 |
Decrease in accrued interest payable | (7) | (10,854) |
Decrease in accrued expenses and other liabilities | (1,401) | (763) |
Total adjustments | 1,522 | (7,805) |
Net cash provided by (used in) operating activities | 5,511 | (5,037) |
Cash flows from investing activities: | ||
Maturities, calls and principal payments of securities available for sale | 4,250 | 2,978 |
Proceeds from the sale of securities available for sale | 76,486 | 32,588 |
Purchases of securities available for sale | (78,037) | (33,035) |
Redemption of the stock in Federal Home Loan Bank of Pittsburgh | 1,029 | 1,125 |
Net decrease (increase) in loans to customers | 45 | (2,137) |
Proceeds from the sale of SBA guaranteed loans | 634 | |
Proceeds from the sale of other repossessed assets | 280 | |
Proceeds from the sale of other real estate owned | 808 | 1,630 |
Purchases of bank premises and equipment | (721) | (230) |
Net cash provided by investing activities | 4,774 | 2,919 |
Cash flows from financing activities: | ||
Net (decrease) increase in deposits | (82,389) | 14,287 |
Net proceeds from Federal Home Loan Bank of Pittsburgh advances - overnight | 2,070 | 13,780 |
Proceeds from Federal Home Loan Bank of Pittsburgh advances - term | 22,890 | 25,307 |
Repayment of Federal Home Loan Bank of Pittsburgh advances - term | (38,594) | (54,118) |
Proceeds from issuance of common shares | 456 | 113 |
Cash dividends paid | (1,003) | (662) |
Net cash used in financing activities | (96,570) | (1,293) |
Net decrease in cash and cash equivalents | (86,285) | (3,411) |
Cash and cash equivalents at beginning of period | 112,445 | 21,083 |
Cash and cash equivalents at end of period | 26,160 | 17,672 |
Supplemental cash flow information: | ||
Interest | 2,206 | 12,910 |
Income taxes | 122 | |
Other transactions: | ||
Loans transferred to other real estate owned and repossessed assets | 80 | 237 |
Investor loans tranferred to other real estate owned or other assets | 45 | |
Available-for-sale securities purchased, not settled | 3,134 | |
Change in deferred gain on sale of other real estate owned | $ 1 | $ 8 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | Note 1. 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 X. not not three six June 30, 2017, may not 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. |
Note 2 - New Authoritative Acco
Note 2 - New Authoritative Accounting Guidance | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 2. New Authoritative Accounting Guidance Accounting Guidance to be Adopted in Future Periods ASU 2017 09, 718 2017 09 December 15, 2017. January 1, 2018 not ASU 2014 09, 606 606 340 40 August 12, 2015, 2015 14, 606 2014 09 one 2014 09 2014 09 2014 09 December 15, 2016 not January 1, 2018. January 1, 2018. 2014 09. ASU 2016 02, 842 12 2016 02 2016 02 December 15, 2018 January 1, 2019, may ASU 2016 13, 326 not not June 17, 2016, four 2016 13 not 2016 13, 2016 13 December 15, 2019, may December 15, 2018, January 1, 2020. not 1 2016 13; 2 3 may 4 may 5 may Refer to Note 2 2016 10 10 March 31, 2017 |
Note 3 - Securities
Note 3 - Securities | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3 . Securities The following tables present the amortized cost, gross unrealized gains and losses, and the fair value of FNCB’s securities at June 30, 2017 December 31, 2016: June 30, 2017 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale: Obligations of U.S. government agencies $ - $ - $ - $ - Obligations of state and political subdivisions 149,797 1,628 789 150,636 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 21,328 278 8 21,598 Collateralized mortgage obligations - commercial 77,711 318 278 77,751 Mortgage-backed securities 22,356 353 58 22,651 Corporate debt securities - - - - Asset-backed securities 843 7 - 850 Negotiable certificates of deposit 3,172 26 - 3,198 Equity securities 1,010 - 76 934 Total available-for-sale securities $ 276,217 $ 2,610 $ 1,209 $ 277,618 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 securities - - - - 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 Except for securities of U.S. government and government-sponsored agencies there were no 10.0% June 30, 2017. At June 30, 2017 December 31, 2016, $272.7 $271.3 The following table shows the amortized cost and approximate fair value of FNCB’s available-for-sale debt securities at June 30, 2017 may not not June 30, 2017 Amortized Fair (in thousands) Cost Value Amounts maturing in: One year or less $ 248 $ 248 After one year through five years 31,190 31,469 After five years through ten years 121,029 121,634 After ten years 502 483 Asset-backed securities 843 850 Collateralized mortgage obligations 99,039 99,349 Mortgage-backed securities 22,356 22,651 Total $ 275,207 $ 276,684 Gross proceeds from the sale of available-for-sale securities were $53.3 $76.5 three six June 30, 2017, $736 $1,014 $43 three six June 30, 2017. Gross proceeds from the sale of available-for-sale securities were $26.4 $32.6 three six June 30, 2016, $857 $960 no three six June 30, 2016. The following tables present the number, fair value and gross unrealized losses of available-for-sale securities with unrealized losses at June 30, 2017 December 31, 2016, June 30, 2017 Less than 12 Months 12 Months or Longer 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 40 42,001 789 - - - 40 42,001 789 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 2 5,200 7 1 106 1 3 5,306 8 Collateralized mortgage obligations - commercial 7 26,355 278 - - - 7 26,355 278 Mortgage-backed securities 3 3,171 58 - - - 3 3,171 58 Corporate debt securities - - - - - - - - - Asset-backed securities - - - - - - - - - Negotiable certificates of deposit - - - - - - - - - Equity securities - - - 1 924 76 1 924 76 Total 52 $ 76,727 $ 1,132 2 $ 1,030 $ 77 54 $ 77,757 $ 1,209 December 31, 2016 Less than 12 Months 12 Months or Longer 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 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 not There were 54 June 30, 2017, 40 13 one June 30, 2017, no may June 30, 2017. not not not June 30, 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 $2.3 $3.3 June 30, 2017 December 31, 2016, no June 30, 2017 December 31, 2016. |
Note 4 - Loans
Note 4 - Loans | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 . L oans The following table summarizes loans receivable, net, by category at June 30, 2017 December 31, 2016: June 30, December 31, (in thousands) 2017 2016 Residential real estate $ 145,216 $ 144,260 Commercial real estate 242,375 243,830 Construction, land acquisition and development 22,724 18,357 Commercial and industrial 148,430 153,758 Consumer 135,132 127,844 State and political subdivisions 36,667 43,709 Total loans, gross 730,544 731,758 Unearned income (45 ) (48 ) Net deferred loan costs 2,642 2,569 Allowance for loan and lease losses (8,469 ) (8,419 ) Loans, net $ 724,672 $ 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 three six June 30, 2017, one four $4.5 $6.3 three six June 30, 2017 $110 $135 $71 $139 2016. June 30, 2017 December 31, 2016, $617 $596 one four During the three six June 30, 2017, $578 $56 three six June 30, 2017. no three six June 30, 2016. FNCB does not There were no six June 30, 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 six June 30, 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 June 30, 2017: Allowance for loan losses: Beginning balance, April 1, 2017 $ 1,144 $ 3,501 $ 223 $ 1,679 $ 1,410 $ 349 $ - $ 8,306 Charge-offs (31 ) (29 ) - (317 ) (88 ) - - (465 ) Recoveries 11 1 - 110 85 - - 207 Provisions (credits) 24 (451 ) 13 841 35 (41 ) - 421 Ending balance, June 30, 2017 $ 1,148 $ 3,022 $ 236 $ 2,313 $ 1,442 $ 308 $ - $ 8,469 Three months ended June 30, 2016: Allowance for loan losses: Beginning balance, April 1, 2016 $ 1,210 $ 3,291 $ 653 $ 1,322 $ 1,379 $ 780 $ - $ 8,635 Charge-offs - - - (496 ) (213 ) - - (709 ) Recoveries 1 2 9 118 107 - - 237 Provisions (credits) (112 ) (198 ) 55 621 77 (47 ) - 396 Ending balance, June 30, 2016 $ 1,099 $ 3,095 $ 717 $ 1,565 $ 1,350 $ 733 $ - $ 8,559 Six months ended June 30, 2017: Allowance for loan losses: Beginning balance, January 1, 2017 $ 1,171 $ 3,297 $ 268 $ 1,736 $ 1,457 $ 490 $ - $ 8,419 Charge-offs (80 ) (29 ) - (347 ) (306 ) - - (762 ) Recoveries 12 5 421 179 252 - - 869 Provisions (credits) 45 (251 ) (453 ) 745 39 (182 ) - (57 ) Ending balance, June 30, 2017 $ 1,148 $ 3,022 $ 236 $ 2,313 $ 1,442 $ 308 $ - $ 8,469 Six months ended June 30, 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 ) - (1,064 ) (518 ) - - (1,857 ) Recoveries 2 3 9 212 308 - - 534 Provisions (credits) (212 ) (3 ) (145 ) 1,212 66 248 (74 ) 1,092 Ending balance, June 30, 2016 $ 1,099 $ 3,095 $ 717 $ 1,565 $ 1,350 $ 733 $ - $ 8,559 The following table represents the allocation of the ALLL and the related loan balance, by loan category, disaggregated based on the impairment methodology at June 30, 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 June 30, 2017 Allowance for loan losses: Individually evaluated for impairment $ 7 $ 168 $ - $ 601 $ 1 $ - $ 777 Collectively evaluated for impairment 1,141 2,854 236 1,712 1,441 308 7,692 Total $ 1,148 $ 3,022 $ 236 $ 2,313 $ 1,442 $ 308 $ 8,469 Loans receivable: Individually evaluated for impairment $ 1,851 $ 8,585 $ 87 $ 1,646 $ 294 $ - $ 12,463 Collectively evaluated for impairment 143,365 233,790 22,637 146,784 134,838 36,667 718,081 Total $ 145,216 $ 242,375 $ 22,724 $ 148,430 $ 135,132 $ 36,667 $ 730,544 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 not 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 no not Special Mention – Assets classified as special mention do not not 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 Doubtful – Assets classified as doubtful have all the weaknesses inherent in those classified as substandard with the added characteristic that such weaknesses 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 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 June 30, 2017 December 31, 2016: Credit Quality Indicators June 30, 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 $ 22,060 $ 277 $ 425 $ - $ - $ 22,762 $ 121,999 $ 455 $ 122,454 $ 145,216 Commercial real estate 228,607 4,630 9,138 - - 242,375 - - - 242,375 Construction, land acquisition and development 20,218 337 7 - - 20,562 2,162 - 2,162 22,724 Commercial and industrial 142,115 457 2,162 - - 144,734 3,696 - 3,696 148,430 Consumer 2,558 - 35 - - 2,593 132,372 167 132,539 135,132 State and political subdivisions 36,297 - 370 - - 36,667 - - - 36,667 Total $ 451,855 $ 5,701 $ 12,137 $ - $ - $ 469,693 $ 260,229 $ 622 $ 260,851 $ 730,544 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 $3.7 $2.2 June 30, 2017 December 31, 2016, 90 six no may may 90 no 90 June 30, 2017 December 31, 2016. The following tables present the delinquency status of past due and non-accrual loans at June 30, 2017 December 31, 2016: June 30, 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 $ 144,351 $ 320 $ 21 $ - $ 144,692 Commercial real estate 239,824 622 513 - 240,959 Construction, land acquisition and development 22,724 - - - 22,724 Total real estate 406,899 942 534 - 408,375 Commercial and industrial 146,542 87 228 - 146,857 Consumer 133,601 1,151 212 - 134,964 State and political subdivisions 36,658 9 - - 36,667 Total performing (accruing) loans 723,700 2,189 974 - 726,863 Non-accrual loans: Real estate: Residential real estate 362 - 1 161 524 Commercial real estate 122 - - 1,294 1,416 Construction, land aquisition and development - - - - - Total real estate 484 - 1 1,455 1,940 Commercial and industrial 1,550 - - 23 1,573 Consumer 50 38 3 77 168 State and political subdivisions - - - - - Total non-accrual loans 2,084 38 4 1,555 3,681 Total loans receivable $ 725,784 $ 2,227 $ 978 $ 1,555 $ 730,544 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, June 30, 2017 December 31, 2016. $100 not not 450. $100 450 $0.5 June 30, 2017 $0.8 December 31, 2016. June 30, 2017 Unpaid Recorded Principal Related (in thousands) Investment Balance Allowance With no allowance recorded: Real estate: Residential real estate $ 239 $ 340 $ - Commercial real estate 5,533 5,633 - Construction, land acquisition and development 87 87 - Total real estate 5,859 6,060 - Commercial and industrial 446 748 - Consumer - - - State and political subdivisions - - - Total impaired loans with no related allowance recorded 6,305 6,808 - With a related allowance recorded: Real estate: Residential real estate 1,612 1,650 7 Commercial real estate 3,052 3,052 168 Construction, land acquisition and development - - - Total real estate 4,664 4,702 175 Commercial and industrial 1,200 1,200 601 Consumer 294 294 1 State and political subdivisions - - - Total impaired loans with a related allowance recorded 6,158 6,196 777 Total impaired loans: Real estate: Residential real estate 1,851 1,990 7 Commercial real estate 8,585 8,685 168 Construction, land acquisition and development 87 87 - Total real estate 10,523 10,762 175 Commercial and industrial 1,646 1,948 601 Consumer 294 294 1 State and political subdivisions - - - Total impaired loans $ 12,463 $ 13,004 $ 777 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 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 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 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 following table presents the average balance and interest income by loan category recognized on impaired loans for the three six June 30, 2017 2016: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 (in thousands) Average Balance Interest Income (1) Average Balance Interest Income (1) Average Balance Interest Income (1) Average Balance Interest Income (1) Real estate: Residential real estate $ 1,841 $ 21 $ 2,278 $ 22 $ 1,884 $ 42 $ 2,577 $ 48 Commercial real estate 7,452 72 3,279 23 6,133 112 3,531 46 Construction, land acquisition and development 87 1 411 1 123 2 488 4 Total real estate 9,380 94 5,968 46 8,140 156 6,596 98 Commercial and industrial 1,059 9 343 1 879 14 390 2 Consumer 295 3 349 3 296 6 349 6 State and political subdivisions - - - - - - - - Total impaired loans $ 10,734 $ 106 $ 6,660 $ 50 $ 9,315 $ 176 $ 7,335 $ 106 ( 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 $39 $66 three six June 30, 2017, $59 $127 three six June 30, 2016. Troubled Debt Restructured Loans TDRs at June 30, 2017 December 31, 2016 $11.0 $4.3 $9.3 $1.7 June 30, 2017, $4.2 $0.1 December 31, 2016. $777 $261 June 30, 2017, December 31, 2016, not June 30, 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 six June 30, 2017. no three six June 30, 2016. Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 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 1 $ 63 $ 63 1 $ 63 $ 63 Commercial real estate 7 1,228 1,228 8 5,250 5,250 Construction, land acquisition and development - - - - - - Commercial and industrial 3 1,150 1,150 4 1,845 1,845 Consumer - - - - - - States and political subdivisions - - - - - - Total new troubled debt restructurings 11 $ 2,441 $ 2,441 13 $ 7,158 $ 7,158 The following table presents the types of modifications made during the three six June 30, 2017: Three months ended June 30, 2017 Six months ended June 30, 2017 (in thousands) Extension of Term Extension of Term and Forbearance Forbearance Total Modifications Extension of Term Extension of Term and Forbearance Forbearance Total Modifications Types of modification: Residential real estate $ 63 $ - $ - $ 63 $ 63 $ - $ - $ 63 Commercial real estate - - 1,228 1,228 - - 5,250 5,250 Construction, land acquisition and development - - - - - - - - Commercial and industrial - 25 1,125 1,150 - 25 1,820 1,845 Consumer - - - - - - - - State and political subdivisions - - - - - - - - Total modifications $ 63 $ 25 $ 2,353 $ 2,441 $ 63 $ 25 $ 7,070 $ 7,158 There were six six June 30, 2017, thirteen three eight $5.3 two four $1.8 six June 30, 2017. one $63 one $4.0 seven two $1.2 four $0.3 three $1.8 one six June 30, 2017 The following table presents the number and recorded investment of TDRs that were modified within the previous 12 90 three six June 30, 2017 2016: Three Months Ended June 30, 2017 2016 Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Troubled debt restructurings: Residential real estate - $ - 1 $ 37 Commercial real estate - - - - Construction, land acquisition and development - - - - Commercial and industrial - - - - Consumer - - - - State and political subdivisions - - - - Total TDR defaults - $ - 1 $ 37 Six Months Ended June 30, 2017 2016 Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Troubled debt restructurings: Residential real estate - $ - 3 $ 145 Commercial real estate - - - - Construction, land acquisition and development 1 10 - - Commercial and industrial - - - - Consumer - - - - State and political subdivisions - - - - Total TDR defaults 1 $ 10 3 $ 145 Residential Real Estate Loan Foreclosures There were two $89 June 30, 2017. one $80 three June 30, 2017. six June 30, 2017, two $125 two six June 30, 2017, one $45 one $237 six June 30, 2016. There were four $166 June 30, 2017, two $41 December 31, 2016. |
Note 5 - Deposits
Note 5 - Deposits | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 5. The following table presents deposits by major category at June 30, 2017 December 31, 2016: June 30, December 31, (in thousands) 2017 2016 Demand (non-interest bearing) $ 147,878 $ 173,702 Interest-bearing: Interest-bearing demand 486,029 551,114 Savings 102,871 103,241 Time ($250,000 and over) 39,684 35,917 Other time 156,288 151,165 Total interest-bearing 784,872 841,437 Total deposits $ 932,750 $ 1,015,139 Total deposits decreased $82.4 $932.8 June 30, 2017 $1.015 December 31, 2016. $25.8 $147.9 June 30, 2017 $173.7 December 31, 2016. $56.6 $784.9 June 30, 2017 $841.4 December 31, 2016. December 2016, |
Note 6 - Income Taxes
Note 6 - Income Taxes | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 6. 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 six June 30, 2017 2016: For the Three Months Ended June 30, For the Six Months Ended June 30, 2017 2016 2017 2016 (in thousands) Amount % Amount % Amount % Amount % Provision at statutory tax rates $ 919 34.00 % $ 777 34.00 % $ 1,940 34.00 % $ 1,243 34.00 % Add (deduct): Tax effects of non-taxable income (112 ) (4.14% ) (125 ) (5.47% ) (234 ) (4.10% ) (253 ) (6.92% ) Non-deductible interest expense 3 0.09 % 3 0.13 % 6 0.10 % 5 0.14 % Bank-owned life insurance (46 ) (1.70% ) (49 ) (2.13% ) (92 ) (1.61% ) (98 ) (2.69% ) Change in valuation allowance - 0.00 % - 0.00 % - 0.00 % (8 ) (0.22% ) Other items, net 146 5.43 % 55 2.38 % 96 1.69 % (2 ) (0.04% ) Income tax expense $ 910 33.68 % $ 661 28.92 % $ 1,716 30.08 % $ 887 24.27 % As of December 31, 2016, $50.4 $17.1 2030, not December 31, 2016, $0.7 $2.6 December 31, 2017 not 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 not not not not not Management performed an evaluation of FNCB’s deferred tax assets at June 30, 2017 December 31, 2016 not June 30, 2017 December 31, 2016. FNCB uses the current statutory tax rate of 34.0% April 26, 2017, 15.0%. 2017. |
Note 7 - Related Party Transact
Note 7 - Related Party Transactions | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 7 . Related Party Transactions/Subsequent Event In conducting its business, FNCB has engaged in , and intends to continue to engage in , banking and financial transactions with 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 six June 30, 2017 2016: For the Three Months Ended For the Six Months Ended June 30, June 30, (in thousands) 2017 2016 2017 2016 Balance, beginning of period $ 44,189 $ 43,966 $ 42,007 $ 52,652 Additions, new loans and advances 10,562 1,217 36,772 7,212 Repayments (13,326 ) (1,498 ) (37,354 ) (16,179 ) Other (1) - (21 ) - (21 ) Balance, end of period $ 41,425 $ 43,664 $ 41,425 $ 43,664 (1) Represents loans to related parties that ceased being an insider during the period. At June 30, 2017, no not . As of December 31, 2016, one $381 not June 30, 2017, no Deposits from directors, executive officers and their related parties held by the Bank at June 30, 2017 December 31, 2016 $93.1 $119.3 $131 $94 six June 30, 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 0.6 $1.1 three six June 30, 2017, $0.4 $0.9 2016 . Subordinated notes (the “Notes”) held by directors and/or their related parties totaled $6.2 June 30, 2017 December 31, 2016 . During the six June 30, 2017, December 1, 2016 May 31, 2017, $228 $140 six June 30, 2016, December 1, 2015 May 31, 2016, $320 $197 six June 30, 2016, September 1, 2010 May 31, 2015, $10.8 $3.9 One July 27, 2017, $5.0 $3.1 September 1, 2018, September 1, 2017. |
Note 8 - Contingencies
Note 8 - Contingencies | 6 Months Ended |
Jun. 30, 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 June 30, 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, No. 2013 4438 Charles Saxe, III, Individually and on behalf of all others similarly situated vs. First National Community Bank No. 2013 5071 not not 1 $750,000 2015 2 3 4 May 31, 2017. March 2, 2017, $750,000 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 There have been no 10 December 31, 2016. |
Note 9 - Stock Compensation Pla
Note 9 - Stock Compensation Plans | 6 Months Ended |
Jun. 30, 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 1,100,000 six ten August 30, 2010. no No three six June 30, 2017 2016. During the three six June 30, 2017, 6,500 $13.15. June 30, 2017, 31,200 $13.15. no six June 30, 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 six June 30, 2017 2016, 54,549 67,600 June 30, 2017, 977,253 six June 30, 2017 2016, $167 $129 $608 $557 June 30, 2017 2016, The following table summarizes the activity related to FNCB’s unvested restricted stock awards during the three six June 30, 2017 2016: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Weighted- Weighted- Weighted- Weighted- Average Average Average Average Restricted Grant Date Restricted Grant Date Restricted Grant Date Restricted Grant Date Shares Fair Value Shares Fair Value Shares Fair Value Shares Fair Value Unvested, beginning of period 142,283 $ 6.09 164,371 $ 5.73 103,874 $ 5.74 112,958 $ 5.99 Awards granted - - - - 54,549 6.83 67,600 5.53 Forfeitures - - (18,114 ) 5.62 (5,050 ) 5.65 (18,114 ) 5.62 Vestings (35,788 ) 5.65 (36,661 ) 5.72 (46,878 ) 5.90 (52,848 ) 6.02 Unvested, end of period 106,495 $ 6.24 109,596 $ 5.75 106,495 $ 6.24 109,596 $ 5.75 |
Note 10 - Regulatory Matters_Su
Note 10 - Regulatory Matters/Subsequent Event | 6 Months Ended |
Jun. 30, 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 six June 30, 2017, $0.03 $0.06 $0.02 $0.04 2016. April 27, 2016, June 1, 2016. three six June 30, 2017 29,861 65,240, 19,775 2016. July 27, 2017, third 2017 $0.03 September 15, 2017, September 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 judgments 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 June 30, 2017 December 31, 2016: Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer Minimum To Be Well Capitalized Under Prompt Corrective Action Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio June 30, 2017 Total capital (to risk-weighted assets) $ 101,212 12.53 % $ 108,565 13.44 % 8.00 % 9.25 % 10.00 % Tier I capital (to risk-weighted assets) 87,475 10.83 % 99,829 12.36 % 6.00 % 7.25 % 8.00 % Tier I common equity (to risk-weighted assets) 81,077 10.04 % 99,829 12.36 % 4.50 % 5.75 % 6.50 % Tier I capital (to average assets) 87,475 7.99 % 99,829 9.12 % 4.00 % 4.00 % 5.00 % Total risk-weighted assets 807,927 807,519 Total average assets 1,095,213 1,095,181 Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer Minimum 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 % 4.00 % 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 | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 11 . 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 not ● Level 3 not A description of the valuation methodologies used for assets recorded at fair value, and for estimating fair value of financial instruments not 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 not not 2 FNCB did not 3 June 30, 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 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 Restricted Stock Ownership in equity securities of the FHLB of Pittsburgh is restricted and there is no Deposits The fair value of demand deposits, savings deposits, and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated based on discounted cash flows using FHLB advance rates currently offered for similar remaining maturities. Borrowed F unds FNCB uses discounted cash flows using rates currently available for debt with similar terms and remaining maturities to estimate fair value. Commitments to Extend Credit and Standby Letters of C redit The fair value of commitments to extend credit and standby letters of credit are estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of off-balance sheet commitments is insignificant and therefore not in the table for non-recurring assets and liabilities. Assets M easured at Fair Value on a R ecurring B asis The following tables present the financial assets that are measured at fair value on a recurring basis at June 30, 2017 December 31, 2016, Fair Value Measurements at June 30, 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 $ - $ - $ - $ - Obligations of state and political subdivisions 150,636 - 150,636 - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 21,598 - 21,598 - Collateralized mortgage obligations - commercial 77,751 - 77,751 - Mortgage-backed securities 22,651 - 22,651 - Corporate debt securities - - - - Asset-backed securities 850 - 850 - Negotiable certificates of deposit 3,198 - 3,198 - Equity securities 934 934 - - Total available-for-sale securities $ 277,618 $ 934 $ 276,684 $ - 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 six June 30, 2017 2016. Assets M easured at Fair Value on a N on- R ecurring B asis The following tables present assets and liabilities measured at fair value on a non-recurring basis at June 30, 2017 December 31, 2016, 3 June 30, 2017 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 1,589 $ 619 $ 970 Appraisal of collateral Selling cost 10.0% Impaired loans - other 4,569 158 4,411 Discounted cash flows Discount rate 3.0% - 7.5% Other real estate owned 562 - 562 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 not may not 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 June 30, 2017 December 31, 2016. not not may Fair Value June 30, 2017 December 31, 2016 (in thousands) Measurement Carrying Value Fair Value Carrying Value Fair Value Financial assets Cash and short term investments Level 1 $ 26,160 $ 26,160 $ 112,445 $ 112,445 Securities available for sale See previous table 277,618 277,618 272,676 272,676 FHLB of Pittsburgh stock Level 2 2,282 2,282 3,311 3,311 Loans held for sale Level 2 617 617 596 596 Loans, net Level 3 724,672 719,872 725,860 715,602 Accrued interest receivable Level 2 2,784 2,784 2,757 2,757 Servicing rights Level 3 230 754 215 744 Financial liabilities Deposits Level 2 932,750 902,622 1,015,139 968,904 Borrowed funds Level 2 65,213 65,259 78,847 78,923 Accrued interest payable Level 2 235 235 242 242 |
Note 12 - Earnings Per Share
Note 12 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 12 . 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 six June 30, 2017 2016: Three Months Ended Six Months Ended June 30, June 30, (in thousands, except share data) 2017 2016 2017 2016 Net income $ 1,792 $ 1,625 $ 3,989 $ 2,768 Basic weighted-average number of common shares outstanding 16,716,899 16,549,169 16,687,389 16,534,464 Plus: Common share equivalents 20,096 4,467 16,667 2,644 Diluted weighted-average number of common shares outstanding 16,736,995 16,553,636 16,704,056 16,537,108 Income per common share: Basic $ 0.11 $ 0.10 $ 0.24 $ 0.17 Diluted $ 0.11 $ 0.10 $ 0.24 $ 0.17 For the three six June 30, 2017 2016, 31,200 50,746 six June 30, 2017 2016, |
Note 13 - Other Comprehensive I
Note 13 - Other Comprehensive Income | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 13 . Other Comprehensive Income The following tables summarize the reclassifications out of accumulated other comprehensive income (loss) for the three six June 30, 2017 2016, Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Amount Reclassifed Amount Reclassifed from Accumulated from Accumulated Other Comprehensive Affected Line Item in the Other Comprehensive Affected Line Item in the (in thousands) Income (Loss) Consolidated Statements of Income Income (Loss) Consolidated Statements of Income Available-for-sale securities: Net gains on sale of securities reclassified into net income $ (693 ) Net gain on sale of securities $ (971 ) Net gain on sale of securities Taxes 235 Income taxes 330 Income taxes Net of tax amount $ (458 ) $ (641 ) Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Amount Reclassifed Amount Reclassifed from Accumulated from Accumulated Other Comprehensive Affected Line Item in the Other Comprehensive Affected Line Item in the (in thousands) Income (Loss) Consolidated Statements of Income Income (Loss) Consolidated Statements of Income Available-for-sale securities: Net gains on sale of securities reclassified into net income $ (857 ) Net gain on sale of securities $ (960 ) Net gain on sale of securities Taxes 291 Income taxes 326 Income taxes Net of tax amount $ (566 ) $ (634 ) The following table summarizes the changes in accumulated other comprehensive income (loss), net of tax for the three six June 30, 2017 2016: Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2017 2016 2017 2016 Beginning balance $ (749 ) $ 4,782 $ (1,784 ) $ (238 ) Other comprehensive income before reclassifications 2,132 2,520 3,350 7,608 Amounts reclassified from accumulated other comprehensive income (458 ) (566 ) (641 ) (634 ) Net other comprehensive income during the period 1,674 1,954 2,709 6,974 Ending balance $ 925 $ 6,736 $ 925 $ 6,736 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | June 30, 2017 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale: Obligations of U.S. government agencies $ - $ - $ - $ - Obligations of state and political subdivisions 149,797 1,628 789 150,636 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 21,328 278 8 21,598 Collateralized mortgage obligations - commercial 77,711 318 278 77,751 Mortgage-backed securities 22,356 353 58 22,651 Corporate debt securities - - - - Asset-backed securities 843 7 - 850 Negotiable certificates of deposit 3,172 26 - 3,198 Equity securities 1,010 - 76 934 Total available-for-sale securities $ 276,217 $ 2,610 $ 1,209 $ 277,618 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 securities - - - - 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] | June 30, 2017 Amortized Fair (in thousands) Cost Value Amounts maturing in: One year or less $ 248 $ 248 After one year through five years 31,190 31,469 After five years through ten years 121,029 121,634 After ten years 502 483 Asset-backed securities 843 850 Collateralized mortgage obligations 99,039 99,349 Mortgage-backed securities 22,356 22,651 Total $ 275,207 $ 276,684 |
Schedule of Unrealized Loss on Investments [Table Text Block] | June 30, 2017 Less than 12 Months 12 Months or Longer 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 40 42,001 789 - - - 40 42,001 789 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 2 5,200 7 1 106 1 3 5,306 8 Collateralized mortgage obligations - commercial 7 26,355 278 - - - 7 26,355 278 Mortgage-backed securities 3 3,171 58 - - - 3 3,171 58 Corporate debt securities - - - - - - - - - Asset-backed securities - - - - - - - - - Negotiable certificates of deposit - - - - - - - - - Equity securities - - - 1 924 76 1 924 76 Total 52 $ 76,727 $ 1,132 2 $ 1,030 $ 77 54 $ 77,757 $ 1,209 December 31, 2016 Less than 12 Months 12 Months or Longer 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 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) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, December 31, (in thousands) 2017 2016 Residential real estate $ 145,216 $ 144,260 Commercial real estate 242,375 243,830 Construction, land acquisition and development 22,724 18,357 Commercial and industrial 148,430 153,758 Consumer 135,132 127,844 State and political subdivisions 36,667 43,709 Total loans, gross 730,544 731,758 Unearned income (45 ) (48 ) Net deferred loan costs 2,642 2,569 Allowance for loan and lease losses (8,469 ) (8,419 ) Loans, net $ 724,672 $ 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 June 30, 2017: Allowance for loan losses: Beginning balance, April 1, 2017 $ 1,144 $ 3,501 $ 223 $ 1,679 $ 1,410 $ 349 $ - $ 8,306 Charge-offs (31 ) (29 ) - (317 ) (88 ) - - (465 ) Recoveries 11 1 - 110 85 - - 207 Provisions (credits) 24 (451 ) 13 841 35 (41 ) - 421 Ending balance, June 30, 2017 $ 1,148 $ 3,022 $ 236 $ 2,313 $ 1,442 $ 308 $ - $ 8,469 Three months ended June 30, 2016: Allowance for loan losses: Beginning balance, April 1, 2016 $ 1,210 $ 3,291 $ 653 $ 1,322 $ 1,379 $ 780 $ - $ 8,635 Charge-offs - - - (496 ) (213 ) - - (709 ) Recoveries 1 2 9 118 107 - - 237 Provisions (credits) (112 ) (198 ) 55 621 77 (47 ) - 396 Ending balance, June 30, 2016 $ 1,099 $ 3,095 $ 717 $ 1,565 $ 1,350 $ 733 $ - $ 8,559 Six months ended June 30, 2017: Allowance for loan losses: Beginning balance, January 1, 2017 $ 1,171 $ 3,297 $ 268 $ 1,736 $ 1,457 $ 490 $ - $ 8,419 Charge-offs (80 ) (29 ) - (347 ) (306 ) - - (762 ) Recoveries 12 5 421 179 252 - - 869 Provisions (credits) 45 (251 ) (453 ) 745 39 (182 ) - (57 ) Ending balance, June 30, 2017 $ 1,148 $ 3,022 $ 236 $ 2,313 $ 1,442 $ 308 $ - $ 8,469 Six months ended June 30, 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 ) - (1,064 ) (518 ) - - (1,857 ) Recoveries 2 3 9 212 308 - - 534 Provisions (credits) (212 ) (3 ) (145 ) 1,212 66 248 (74 ) 1,092 Ending balance, June 30, 2016 $ 1,099 $ 3,095 $ 717 $ 1,565 $ 1,350 $ 733 $ - $ 8,559 Real Estate Construction, Land State and Residential Commercial Acquisition and Commercial Political (in thousands) Real Estate Real Estate Development and Industrial Consumer Subdivisions Total June 30, 2017 Allowance for loan losses: Individually evaluated for impairment $ 7 $ 168 $ - $ 601 $ 1 $ - $ 777 Collectively evaluated for impairment 1,141 2,854 236 1,712 1,441 308 7,692 Total $ 1,148 $ 3,022 $ 236 $ 2,313 $ 1,442 $ 308 $ 8,469 Loans receivable: Individually evaluated for impairment $ 1,851 $ 8,585 $ 87 $ 1,646 $ 294 $ - $ 12,463 Collectively evaluated for impairment 143,365 233,790 22,637 146,784 134,838 36,667 718,081 Total $ 145,216 $ 242,375 $ 22,724 $ 148,430 $ 135,132 $ 36,667 $ 730,544 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 June 30, 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 $ 22,060 $ 277 $ 425 $ - $ - $ 22,762 $ 121,999 $ 455 $ 122,454 $ 145,216 Commercial real estate 228,607 4,630 9,138 - - 242,375 - - - 242,375 Construction, land acquisition and development 20,218 337 7 - - 20,562 2,162 - 2,162 22,724 Commercial and industrial 142,115 457 2,162 - - 144,734 3,696 - 3,696 148,430 Consumer 2,558 - 35 - - 2,593 132,372 167 132,539 135,132 State and political subdivisions 36,297 - 370 - - 36,667 - - - 36,667 Total $ 451,855 $ 5,701 $ 12,137 $ - $ - $ 469,693 $ 260,229 $ 622 $ 260,851 $ 730,544 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] | June 30, 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 $ 144,351 $ 320 $ 21 $ - $ 144,692 Commercial real estate 239,824 622 513 - 240,959 Construction, land acquisition and development 22,724 - - - 22,724 Total real estate 406,899 942 534 - 408,375 Commercial and industrial 146,542 87 228 - 146,857 Consumer 133,601 1,151 212 - 134,964 State and political subdivisions 36,658 9 - - 36,667 Total performing (accruing) loans 723,700 2,189 974 - 726,863 Non-accrual loans: Real estate: Residential real estate 362 - 1 161 524 Commercial real estate 122 - - 1,294 1,416 Construction, land aquisition and development - - - - - Total real estate 484 - 1 1,455 1,940 Commercial and industrial 1,550 - - 23 1,573 Consumer 50 38 3 77 168 State and political subdivisions - - - - - Total non-accrual loans 2,084 38 4 1,555 3,681 Total loans receivable $ 725,784 $ 2,227 $ 978 $ 1,555 $ 730,544 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] | June 30, 2017 Unpaid Recorded Principal Related (in thousands) Investment Balance Allowance With no allowance recorded: Real estate: Residential real estate $ 239 $ 340 $ - Commercial real estate 5,533 5,633 - Construction, land acquisition and development 87 87 - Total real estate 5,859 6,060 - Commercial and industrial 446 748 - Consumer - - - State and political subdivisions - - - Total impaired loans with no related allowance recorded 6,305 6,808 - With a related allowance recorded: Real estate: Residential real estate 1,612 1,650 7 Commercial real estate 3,052 3,052 168 Construction, land acquisition and development - - - Total real estate 4,664 4,702 175 Commercial and industrial 1,200 1,200 601 Consumer 294 294 1 State and political subdivisions - - - Total impaired loans with a related allowance recorded 6,158 6,196 777 Total impaired loans: Real estate: Residential real estate 1,851 1,990 7 Commercial real estate 8,585 8,685 168 Construction, land acquisition and development 87 87 - Total real estate 10,523 10,762 175 Commercial and industrial 1,646 1,948 601 Consumer 294 294 1 State and political subdivisions - - - Total impaired loans $ 12,463 $ 13,004 $ 777 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 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 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 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 June 30, Six Months Ended June 30, 2017 2016 2017 2016 (in thousands) Average Balance Interest Income (1) Average Balance Interest Income (1) Average Balance Interest Income (1) Average Balance Interest Income (1) Real estate: Residential real estate $ 1,841 $ 21 $ 2,278 $ 22 $ 1,884 $ 42 $ 2,577 $ 48 Commercial real estate 7,452 72 3,279 23 6,133 112 3,531 46 Construction, land acquisition and development 87 1 411 1 123 2 488 4 Total real estate 9,380 94 5,968 46 8,140 156 6,596 98 Commercial and industrial 1,059 9 343 1 879 14 390 2 Consumer 295 3 349 3 296 6 349 6 State and political subdivisions - - - - - - - - Total impaired loans $ 10,734 $ 106 $ 6,660 $ 50 $ 9,315 $ 176 $ 7,335 $ 106 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 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 1 $ 63 $ 63 1 $ 63 $ 63 Commercial real estate 7 1,228 1,228 8 5,250 5,250 Construction, land acquisition and development - - - - - - Commercial and industrial 3 1,150 1,150 4 1,845 1,845 Consumer - - - - - - States and political subdivisions - - - - - - Total new troubled debt restructurings 11 $ 2,441 $ 2,441 13 $ 7,158 $ 7,158 |
Schedule of Types of Modifications of Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Three months ended June 30, 2017 Six months ended June 30, 2017 (in thousands) Extension of Term Extension of Term and Forbearance Forbearance Total Modifications Extension of Term Extension of Term and Forbearance Forbearance Total Modifications Types of modification: Residential real estate $ 63 $ - $ - $ 63 $ 63 $ - $ - $ 63 Commercial real estate - - 1,228 1,228 - - 5,250 5,250 Construction, land acquisition and development - - - - - - - - Commercial and industrial - 25 1,125 1,150 - 25 1,820 1,845 Consumer - - - - - - - - State and political subdivisions - - - - - - - - Total modifications $ 63 $ 25 $ 2,353 $ 2,441 $ 63 $ 25 $ 7,070 $ 7,158 |
TDRs with Subsequent Default [Table Text Block] | Three Months Ended June 30, 2017 2016 Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Troubled debt restructurings: Residential real estate - $ - 1 $ 37 Commercial real estate - - - - Construction, land acquisition and development - - - - Commercial and industrial - - - - Consumer - - - - State and political subdivisions - - - - Total TDR defaults - $ - 1 $ 37 Six Months Ended June 30, 2017 2016 Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment Contracts Investment Troubled debt restructurings: Residential real estate - $ - 3 $ 145 Commercial real estate - - - - Construction, land acquisition and development 1 10 - - Commercial and industrial - - - - Consumer - - - - State and political subdivisions - - - - Total TDR defaults 1 $ 10 3 $ 145 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | June 30, December 31, (in thousands) 2017 2016 Demand (non-interest bearing) $ 147,878 $ 173,702 Interest-bearing: Interest-bearing demand 486,029 551,114 Savings 102,871 103,241 Time ($250,000 and over) 39,684 35,917 Other time 156,288 151,165 Total interest-bearing 784,872 841,437 Total deposits $ 932,750 $ 1,015,139 |
Note 6 - Income Taxes (Tables)
Note 6 - Income Taxes (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | For the Three Months Ended June 30, For the Six Months Ended June 30, 2017 2016 2017 2016 (in thousands) Amount % Amount % Amount % Amount % Provision at statutory tax rates $ 919 34.00 % $ 777 34.00 % $ 1,940 34.00 % $ 1,243 34.00 % Add (deduct): Tax effects of non-taxable income (112 ) (4.14% ) (125 ) (5.47% ) (234 ) (4.10% ) (253 ) (6.92% ) Non-deductible interest expense 3 0.09 % 3 0.13 % 6 0.10 % 5 0.14 % Bank-owned life insurance (46 ) (1.70% ) (49 ) (2.13% ) (92 ) (1.61% ) (98 ) (2.69% ) Change in valuation allowance - 0.00 % - 0.00 % - 0.00 % (8 ) (0.22% ) Other items, net 146 5.43 % 55 2.38 % 96 1.69 % (2 ) (0.04% ) Income tax expense $ 910 33.68 % $ 661 28.92 % $ 1,716 30.08 % $ 887 24.27 % |
Note 7 - Related Party Transa26
Note 7 - Related Party Transactions (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | For the Three Months Ended For the Six Months Ended June 30, June 30, (in thousands) 2017 2016 2017 2016 Balance, beginning of period $ 44,189 $ 43,966 $ 42,007 $ 52,652 Additions, new loans and advances 10,562 1,217 36,772 7,212 Repayments (13,326 ) (1,498 ) (37,354 ) (16,179 ) Other (1) - (21 ) - (21 ) Balance, end of period $ 41,425 $ 43,664 $ 41,425 $ 43,664 (1) Represents loans to related parties that ceased being an insider during the period. |
Note 9 - Stock Compensation P27
Note 9 - Stock Compensation Plans (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Weighted- Weighted- Weighted- Weighted- Average Average Average Average Restricted Grant Date Restricted Grant Date Restricted Grant Date Restricted Grant Date Shares Fair Value Shares Fair Value Shares Fair Value Shares Fair Value Unvested, beginning of period 142,283 $ 6.09 164,371 $ 5.73 103,874 $ 5.74 112,958 $ 5.99 Awards granted - - - - 54,549 6.83 67,600 5.53 Forfeitures - - (18,114 ) 5.62 (5,050 ) 5.65 (18,114 ) 5.62 Vestings (35,788 ) 5.65 (36,661 ) 5.72 (46,878 ) 5.90 (52,848 ) 6.02 Unvested, end of period 106,495 $ 6.24 109,596 $ 5.75 106,495 $ 6.24 109,596 $ 5.75 |
Note 10 - Regulatory Matters_28
Note 10 - Regulatory Matters/Subsequent Event (Tables) | 6 Months Ended |
Jun. 30, 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 Minimum To Be Well Capitalized Under Prompt Corrective Action Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio June 30, 2017 Total capital (to risk-weighted assets) $ 101,212 12.53 % $ 108,565 13.44 % 8.00 % 9.25 % 10.00 % Tier I capital (to risk-weighted assets) 87,475 10.83 % 99,829 12.36 % 6.00 % 7.25 % 8.00 % Tier I common equity (to risk-weighted assets) 81,077 10.04 % 99,829 12.36 % 4.50 % 5.75 % 6.50 % Tier I capital (to average assets) 87,475 7.99 % 99,829 9.12 % 4.00 % 4.00 % 5.00 % Total risk-weighted assets 807,927 807,519 Total average assets 1,095,213 1,095,181 Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer Minimum 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 % 4.00 % 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) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at June 30, 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 $ - $ - $ - $ - Obligations of state and political subdivisions 150,636 - 150,636 - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 21,598 - 21,598 - Collateralized mortgage obligations - commercial 77,751 - 77,751 - Mortgage-backed securities 22,651 - 22,651 - Corporate debt securities - - - - Asset-backed securities 850 - 850 - Negotiable certificates of deposit 3,198 - 3,198 - Equity securities 934 934 - - Total available-for-sale securities $ 277,618 $ 934 $ 276,684 $ - 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] | June 30, 2017 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 1,589 $ 619 $ 970 Appraisal of collateral Selling cost 10.0% Impaired loans - other 4,569 158 4,411 Discounted cash flows Discount rate 3.0% - 7.5% Other real estate owned 562 - 562 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 June 30, 2017 December 31, 2016 (in thousands) Measurement Carrying Value Fair Value Carrying Value Fair Value Financial assets Cash and short term investments Level 1 $ 26,160 $ 26,160 $ 112,445 $ 112,445 Securities available for sale See previous table 277,618 277,618 272,676 272,676 FHLB of Pittsburgh stock Level 2 2,282 2,282 3,311 3,311 Loans held for sale Level 2 617 617 596 596 Loans, net Level 3 724,672 719,872 725,860 715,602 Accrued interest receivable Level 2 2,784 2,784 2,757 2,757 Servicing rights Level 3 230 754 215 744 Financial liabilities Deposits Level 2 932,750 902,622 1,015,139 968,904 Borrowed funds Level 2 65,213 65,259 78,847 78,923 Accrued interest payable Level 2 235 235 242 242 |
Note 12 - Earnings Per Share (T
Note 12 - Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, (in thousands, except share data) 2017 2016 2017 2016 Net income $ 1,792 $ 1,625 $ 3,989 $ 2,768 Basic weighted-average number of common shares outstanding 16,716,899 16,549,169 16,687,389 16,534,464 Plus: Common share equivalents 20,096 4,467 16,667 2,644 Diluted weighted-average number of common shares outstanding 16,736,995 16,553,636 16,704,056 16,537,108 Income per common share: Basic $ 0.11 $ 0.10 $ 0.24 $ 0.17 Diluted $ 0.11 $ 0.10 $ 0.24 $ 0.17 |
Note 13 - Other Comprehensive31
Note 13 - Other Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Amount Reclassifed Amount Reclassifed from Accumulated from Accumulated Other Comprehensive Affected Line Item in the Other Comprehensive Affected Line Item in the (in thousands) Income (Loss) Consolidated Statements of Income Income (Loss) Consolidated Statements of Income Available-for-sale securities: Net gains on sale of securities reclassified into net income $ (693 ) Net gain on sale of securities $ (971 ) Net gain on sale of securities Taxes 235 Income taxes 330 Income taxes Net of tax amount $ (458 ) $ (641 ) Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Amount Reclassifed Amount Reclassifed from Accumulated from Accumulated Other Comprehensive Affected Line Item in the Other Comprehensive Affected Line Item in the (in thousands) Income (Loss) Consolidated Statements of Income Income (Loss) Consolidated Statements of Income Available-for-sale securities: Net gains on sale of securities reclassified into net income $ (857 ) Net gain on sale of securities $ (960 ) Net gain on sale of securities Taxes 291 Income taxes 326 Income taxes Net of tax amount $ (566 ) $ (634 ) |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, (in thousands) 2017 2016 2017 2016 Beginning balance $ (749 ) $ 4,782 $ (1,784 ) $ (238 ) Other comprehensive income before reclassifications 2,132 2,520 3,350 7,608 Amounts reclassified from accumulated other comprehensive income (458 ) (566 ) (641 ) (634 ) Net other comprehensive income during the period 1,674 1,954 2,709 6,974 Ending balance $ 925 $ 6,736 $ 925 $ 6,736 |
Note 3 - Securities (Details Te
Note 3 - Securities (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Dec. 31, 2016USD ($) | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 54 | 54 | 109 | ||
Federal Home Loan Bank Stock | $ 2,282 | $ 2,282 | $ 3,311 | ||
Available-for-sale Securities, Gross Realized Losses | 43 | $ 0 | $ 43 | $ 0 | |
Individual Stockholders Equity Maximum Percentage | 10.00% | ||||
Available-for-sale Securities Pledged as Collateral | 272,700 | $ 272,700 | 271,300 | ||
Proceeds from Sale of Available-for-sale Securities | 53,300 | 26,400 | 76,486 | 32,588 | |
Available-for-sale Securities, Gross Realized Gains | 736 | $ 857 | 1,014 | $ 960 | |
Federal Home Loan Bank of Pittsburgh [Member] | |||||
Federal Home Loan Bank Stock | 2,300 | 2,300 | 3,300 | ||
Impairment on Federal Reserve Bank of Philadelphia Stock | $ 0 | $ 0 | $ 0 | ||
US States and Political Subdivisions Debt Securities [Member] | |||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 40 | 40 | 82 | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 13 | 13 | |||
Equity Securities [Member] | |||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 1 | 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 | Jun. 30, 2017 | Dec. 31, 2016 |
Securities available for sale, amortized cost | $ 276,217 | $ 275,379 |
Securities available for sale, gross unrealized holding gains | 2,610 | 805 |
Securities available for sale, gross unrealized holding losses | 1,209 | 3,508 |
Securities available for sale, at fair value | 277,618 | 272,676 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, amortized cost | 12,152 | |
Securities available for sale, gross unrealized holding gains | 36 | |
Securities available for sale, gross unrealized holding losses | 0 | 0 |
Securities available for sale, at fair value | 12,188 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale, amortized cost | 149,797 | 119,919 |
Securities available for sale, gross unrealized holding gains | 1,628 | 257 |
Securities available for sale, gross unrealized holding losses | 789 | 2,303 |
Securities available for sale, at fair value | 150,636 | 117,873 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Residential Mortgage [Member] | ||
Securities available for sale, amortized cost | 21,328 | 17,969 |
Securities available for sale, gross unrealized holding gains | 278 | 155 |
Securities available for sale, gross unrealized holding losses | 8 | 40 |
Securities available for sale, at fair value | 21,598 | 18,084 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Commercial Loan [Member] | ||
Securities available for sale, amortized cost | 77,711 | 100,064 |
Securities available for sale, gross unrealized holding gains | 318 | 154 |
Securities available for sale, gross unrealized holding losses | 278 | 868 |
Securities available for sale, at fair value | 77,751 | 99,350 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, amortized cost | 22,356 | 20,593 |
Securities available for sale, gross unrealized holding gains | 353 | 159 |
Securities available for sale, gross unrealized holding losses | 58 | 176 |
Securities available for sale, at fair value | 22,651 | 20,576 |
Corporate Debt Securities [Member] | ||
Securities available for sale, amortized cost | 500 | |
Securities available for sale, gross unrealized holding gains | 0 | 0 |
Securities available for sale, gross unrealized holding losses | 47 | |
Securities available for sale, at fair value | 453 | |
Asset-backed Securities [Member] | ||
Securities available for sale, amortized cost | 843 | |
Securities available for sale, gross unrealized holding gains | 7 | |
Securities available for sale, gross unrealized holding losses | ||
Securities available for sale, at fair value | 850 | |
Negotiable Certificates of Deposit [Member] | ||
Securities available for sale, amortized cost | 3,172 | 3,172 |
Securities available for sale, gross unrealized holding gains | 26 | 44 |
Securities available for sale, gross unrealized holding losses | 0 | 0 |
Securities available for sale, at fair value | 3,198 | 3,216 |
Equity Securities [Member] | ||
Securities available for sale, amortized cost | 1,010 | 1,010 |
Securities available for sale, gross unrealized holding gains | 0 | 0 |
Securities available for sale, gross unrealized holding losses | 76 | 74 |
Securities available for sale, at fair value | $ 934 | $ 936 |
Note 3 - Securities - Available
Note 3 - Securities - Available-for-sale Debt Securities by Contractual Maturity (Details) $ in Thousands | Jun. 30, 2017USD ($) |
One year or less, amortized cost | $ 248 |
One year or less, fair value | 248 |
After one year through five years | 31,190 |
After one year through five years | 31,469 |
After five years through ten years, amortized cost | 121,029 |
After five years through ten years, fair value | 121,634 |
After ten years, amortized cost | 502 |
After ten years, fair value | 483 |
Total, amortized cost | 275,207 |
Total, fair value | 276,684 |
Asset-backed Securities [Member] | |
Securities without a single maturity, amortized cost | 843 |
Securities without a single maturity, fair value | 850 |
Collateralized Mortgage Obligations [Member] | |
Securities without a single maturity, amortized cost | 99,039 |
Securities without a single maturity, fair value | 99,349 |
Collateralized Mortgage Backed Securities [Member] | |
Securities without a single maturity, amortized cost | 22,356 |
Securities without a single maturity, fair value | $ 22,651 |
Note 3 - Securities - Availab35
Note 3 - Securities - Available-for-sale Securities in a Continuous Unrealized Loss Position (Details) $ in Thousands | Jun. 30, 2017USD ($) | Dec. 31, 2016USD ($) |
12 Months or Greater, Fair Value | $ 1,030 | $ 1,554 |
12 Months or Greater, Gross Unrealized Losses | $ 77 | $ 121 |
Total, Number of Securities | 54 | 109 |
Total, Fair Value | $ 77,757 | $ 171,188 |
Total, Gross Unrealized Losses | $ 1,209 | $ 3,508 |
Less than 12 Months, Number of Securities | 52 | 106 |
Less than 12 Months, Fair Value | $ 76,727 | $ 169,634 |
Less than 12 Months Gross Unrealized Losses | $ 1,132 | $ 3,387 |
12 Months or Greater, Number of Securities | 2 | 3 |
US Government Agencies Debt Securities [Member] | ||
12 Months or Greater, Fair Value | $ 0 | |
12 Months or Greater, Gross Unrealized Losses | $ 0 | |
Total, Number of Securities | 0 | |
Total, Fair Value | $ 0 | |
Total, Gross Unrealized Losses | $ 0 | |
Less than 12 Months, Number of Securities | 0 | |
Less than 12 Months, Fair Value | $ 0 | |
Less than 12 Months Gross Unrealized Losses | $ 0 | |
12 Months or Greater, Number of Securities | 0 | |
US States and Political Subdivisions Debt Securities [Member] | ||
12 Months or Greater, Fair Value | $ 0 | $ 0 |
12 Months or Greater, Gross Unrealized Losses | $ 0 | $ 0 |
Total, Number of Securities | 40 | 82 |
Total, Fair Value | $ 42,001 | $ 88,479 |
Total, Gross Unrealized Losses | $ 789 | $ 2,303 |
Less than 12 Months, Number of Securities | 40 | 82 |
Less than 12 Months, Fair Value | $ 42,001 | $ 88,479 |
Less than 12 Months Gross Unrealized Losses | $ 789 | $ 2,303 |
12 Months or Greater, Number of Securities | 0 | 0 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Total, Number of Securities | 13 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Residential Mortgage [Member] | ||
12 Months or Greater, Fair Value | $ 106 | $ 175 |
12 Months or Greater, Gross Unrealized Losses | $ 1 | $ 0 |
Total, Number of Securities | 3 | 3 |
Total, Fair Value | $ 5,306 | $ 4,689 |
Total, Gross Unrealized Losses | $ 8 | $ 40 |
Less than 12 Months, Number of Securities | 2 | 2 |
Less than 12 Months, Fair Value | $ 5,200 | $ 4,514 |
Less than 12 Months Gross Unrealized Losses | $ 7 | $ 40 |
12 Months or Greater, Number of Securities | 1 | 1 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Commercial Loan [Member] | ||
12 Months or Greater, Fair Value | $ 0 | $ 0 |
12 Months or Greater, Gross Unrealized Losses | $ 0 | $ 0 |
Total, Number of Securities | 7 | 17 |
Total, Fair Value | $ 26,355 | $ 70,146 |
Total, Gross Unrealized Losses | $ 278 | $ 868 |
Less than 12 Months, Number of Securities | 7 | 17 |
Less than 12 Months, Fair Value | $ 26,355 | $ 70,146 |
Less than 12 Months Gross Unrealized Losses | $ 278 | $ 868 |
12 Months or Greater, Number of Securities | 0 | 0 |
Collateralized Mortgage Backed Securities [Member] | ||
12 Months or Greater, Fair Value | $ 0 | $ 0 |
12 Months or Greater, Gross Unrealized Losses | $ 0 | $ 0 |
Total, Number of Securities | 3 | 5 |
Total, Fair Value | $ 3,171 | $ 6,495 |
Total, Gross Unrealized Losses | $ 58 | $ 176 |
Less than 12 Months, Number of Securities | 3 | 5 |
Less than 12 Months, Fair Value | $ 3,171 | $ 6,495 |
Less than 12 Months Gross Unrealized Losses | $ 58 | $ 176 |
12 Months or Greater, Number of Securities | 0 | 0 |
Corporate Debt Securities [Member] | ||
12 Months or Greater, Fair Value | $ 453 | |
12 Months or Greater, Gross Unrealized Losses | $ 47 | |
Total, Number of Securities | 1 | |
Total, Fair Value | $ 453 | |
Total, Gross Unrealized Losses | $ 47 | |
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 | |
Asset-backed Securities [Member] | ||
12 Months or Greater, Fair Value | $ 0 | $ 0 |
12 Months or Greater, Gross Unrealized Losses | $ 0 | $ 0 |
Total, Number of Securities | 0 | |
Total, Fair Value | $ 0 | |
Total, Gross Unrealized Losses | $ 0 | |
Less than 12 Months, Number of Securities | 0 | |
Less than 12 Months, Fair Value | $ 0 | |
Less than 12 Months Gross Unrealized Losses | $ 0 | |
12 Months or Greater, Number of Securities | 0 | 0 |
Negotiable Certificates of Deposit [Member] | ||
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 |
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 |
Equity Securities [Member] | ||
12 Months or Greater, Fair Value | $ 924 | $ 926 |
12 Months or Greater, Gross Unrealized Losses | $ 76 | $ 74 |
Total, Number of Securities | 1 | 1 |
Total, Fair Value | $ 924 | $ 926 |
Total, Gross Unrealized Losses | $ 76 | $ 74 |
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 |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Dec. 31, 2017USD ($) | Mar. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Gain (Loss) on Sales of Loans, Net | $ 110 | $ 71 | $ 135 | $ 139 | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 3,700 | $ 3,700 | $ 2,200 | ||||
Loans Still Classified as Non-accrual Status, Period of Past Due | 90 days | ||||||
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 0 | $ 0 | $ 0 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 718,081 | 718,081 | 726,154 | ||||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 39 | $ 59 | 66 | $ 127 | |||
Financing Receivable, Modifications, Recorded Investment | 11,000 | 11,000 | 4,300 | ||||
Loans and Leases Receivable, Allowance | 8,469 | 8,469 | 8,419 | ||||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 0 | |||||
Financing Receivable, Modifications, Number of Contracts | 11 | 0 | 13 | 0 | |||
Financing Receivable, Modifications | $ 2,441 | $ 7,158 | |||||
Residential Real Estate, Foreclosed [Member] | |||||||
Number of Real Estate Properties, Foreclosed | 1 | 2 | 1 | ||||
Real Estate Investment Property, Foreclosed | $ 80 | $ 125 | $ 237 | ||||
Investor-owned Residential Real Estate Foreclosed [Member] | |||||||
Number of Real Estate Properties, Foreclosed | 1 | ||||||
Real Estate Investment Property, Foreclosed | $ 45 | ||||||
Commercial Real Estate Portfolio Segment [Member] | |||||||
Financing Receivable, Collectively Evaluated for Impairment | 233,790 | 233,790 | 240,893 | ||||
Loans and Leases Receivable, Allowance | $ 3,022 | $ 3,022 | 3,297 | ||||
Financing Receivable, Modifications, Number of Contracts | 7 | 8 | |||||
Financing Receivable, Modifications | $ 1,228 | $ 5,250 | |||||
Commercial and Industrial [Member] | |||||||
Financing Receivable, Collectively Evaluated for Impairment | 146,784 | 146,784 | 153,667 | ||||
Loans and Leases Receivable, Allowance | $ 2,313 | $ 2,313 | 1,736 | ||||
Financing Receivable, Modifications, Number of Contracts | 3 | 4 | |||||
Financing Receivable, Modifications | $ 1,150 | $ 1,845 | |||||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | 300 | ||||||
Residential Portfolio Segment [Member] | |||||||
Other Real Estate | 166 | 166 | 41 | ||||
Financing Receivable, Collectively Evaluated for Impairment | 143,365 | 143,365 | 142,331 | ||||
Loans and Leases Receivable, Allowance | $ 1,148 | $ 1,148 | $ 1,171 | ||||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 | |||||
Financing Receivable, Modifications | $ 63 | $ 63 | |||||
Number of Real Estate Properties | 4 | 4 | 2 | ||||
Mortgage Loans in Process of Foreclosure, Amount | $ 89 | $ 89 | |||||
Residential Portfolio Segment [Member] | In Process of Foreclosure [Member] | |||||||
Number of Real Estate Properties | 2 | 2 | |||||
Troubled Debt Restructuring [Member] | |||||||
Loans and Leases Receivable, Allowance | $ 777 | $ 777 | $ 261 | ||||
Forbearance [Member] | |||||||
Financing Receivable, Modifications | 2,353 | $ 7,070 | |||||
Forbearance [Member] | Commercial Real Estate Portfolio Segment [Member] | |||||||
Financing Receivable, Modifications, Number of Contracts | 8 | ||||||
Financing Receivable, Modifications | 1,228 | $ 5,250 | |||||
Forbearance [Member] | Commercial and Industrial [Member] | |||||||
Financing Receivable, Modifications, Number of Contracts | 4 | ||||||
Financing Receivable, Modifications | 1,125 | $ 1,820 | |||||
Forbearance [Member] | Residential Portfolio Segment [Member] | |||||||
Financing Receivable, Modifications | 0 | 0 | |||||
Extended Maturity [Member] | |||||||
Financing Receivable, Modifications | 63 | 63 | |||||
Extended Maturity [Member] | Commercial Real Estate Portfolio Segment [Member] | |||||||
Financing Receivable, Modifications | 0 | 0 | |||||
Extended Maturity [Member] | Commercial and Industrial [Member] | |||||||
Financing Receivable, Modifications | 0 | $ 0 | |||||
Extended Maturity [Member] | Residential Portfolio Segment [Member] | |||||||
Financing Receivable, Modifications, Number of Contracts | 1 | ||||||
Financing Receivable, Modifications | 63 | $ 63 | |||||
Principal Forbearance [Member] | Commercial Real Estate Portfolio Segment [Member] | |||||||
Financing Receivable, Modifications, Number of Contracts | 1 | ||||||
Financing Receivable, Modifications | $ 4,000 | ||||||
Reduction in Monthly Principal Payment [Member] | Commercial Real Estate Portfolio Segment [Member] | |||||||
Financing Receivable, Modifications, Number of Contracts | 7 | ||||||
Financing Receivable, Modifications | $ 1,200 | ||||||
Nonaccrual Loans [Member] | |||||||
Financing Receivable, Collectively Evaluated for Impairment | 500 | 500 | 800 | ||||
Performing Financial Instruments [Member] | |||||||
Financing Receivable, Modifications, Recorded Investment | 9,300 | 9,300 | 4,200 | ||||
Nonperforming Financial Instruments [Member] | |||||||
Financing Receivable, Modifications, Recorded Investment | 1,700 | 1,700 | 100 | ||||
Small Business Administration [Member] | |||||||
Loans Sold During Period, Principal Balance | 578 | 578 | $ 578 | ||||
Gain (Loss) on Sales of Loans, Net | $ 56 | $ 56 | |||||
Number of Loans Sold | 0 | 0 | |||||
One- to Four-family Mortgages [Member] | |||||||
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage | $ 617 | $ 617 | $ 596 | ||||
Recorded Investment of Mortgage Loans Sold | 4,500 | 6,300 | |||||
Gain (Loss) on Sales of Loans, Net | $ 110 | $ 71 | $ 135 | $ 139 |
Note 4 - Loans - Loans Receivab
Note 4 - Loans - Loans Receivable, Net, by Category (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Loans receivable, gross | $ 730,544 | $ 731,758 |
Unearned income | (45) | (48) |
Net deferred loan costs | 2,642 | 2,569 |
Allowance for loan and lease losses | (8,469) | (8,419) |
Loans, net | 724,672 | 725,860 |
Residential Portfolio Segment [Member] | ||
Loans receivable, gross | 145,216 | 144,260 |
Allowance for loan and lease losses | (1,148) | (1,171) |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 242,375 | 243,830 |
Allowance for loan and lease losses | (3,022) | (3,297) |
Construction, Land Acquisition and Development [Member] | ||
Loans receivable, gross | 22,724 | 18,357 |
Allowance for loan and lease losses | (236) | (268) |
Commercial and Industrial [Member] | ||
Loans receivable, gross | 148,430 | 153,758 |
Allowance for loan and lease losses | (2,313) | (1,736) |
Consumer Portfolio Segment [Member] | ||
Loans receivable, gross | 135,132 | 127,844 |
Allowance for loan and lease losses | (1,442) | (1,457) |
State and Political Subdivisions [Member] | ||
Loans receivable, gross | 36,667 | 43,709 |
Allowance for loan and lease losses | $ (308) | $ (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 | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Balance | $ 8,306 | $ 8,635 | $ 8,419 | $ 8,790 | |
Charge-offs | (465) | (709) | (762) | (1,857) | |
Recoveries | 207 | 237 | 869 | 534 | |
Provisions (credits) | 421 | 396 | (57) | 1,092 | |
Balance | 8,469 | 8,559 | 8,469 | 8,559 | |
Allowance for loan losses, collectively evaluated for impairment | 7,692 | 7,692 | $ 8,117 | ||
Allowance for loan losses | 8,469 | 8,469 | 8,419 | ||
Loans receivable, individually evaluated for impairment | 12,463 | 12,463 | 5,604 | ||
Loans receivable, collectively evaluated for impairment | 718,081 | 718,081 | 726,154 | ||
Loans receivable | 730,544 | 730,544 | 731,758 | ||
Allowance for loan losses, individually evaluated for impairment | 777 | 777 | 302 | ||
Residential Portfolio Segment [Member] | |||||
Allowance for loan losses, collectively evaluated for impairment | 1,141 | 1,141 | 1,142 | ||
Allowance for loan losses | 1,148 | 1,148 | 1,171 | ||
Loans receivable, individually evaluated for impairment | 1,851 | 1,851 | 1,929 | ||
Loans receivable, collectively evaluated for impairment | 143,365 | 143,365 | 142,331 | ||
Loans receivable | 145,216 | 145,216 | 144,260 | ||
Allowance for loan losses, individually evaluated for impairment | 7 | 7 | 29 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||||
Balance | 1,144 | 1,210 | 1,171 | 1,333 | |
Charge-offs | (31) | (80) | (24) | ||
Recoveries | 11 | 1 | 12 | 2 | |
Provisions (credits) | 24 | (112) | 45 | (212) | |
Balance | 1,148 | 1,099 | 1,148 | 1,099 | |
Commercial Real Estate Portfolio Segment [Member] | |||||
Allowance for loan losses, collectively evaluated for impairment | 2,854 | 2,854 | 3,043 | ||
Allowance for loan losses | 3,022 | 3,022 | 3,297 | ||
Loans receivable, individually evaluated for impairment | 8,585 | 8,585 | 2,937 | ||
Loans receivable, collectively evaluated for impairment | 233,790 | 233,790 | 240,893 | ||
Loans receivable | 242,375 | 242,375 | 243,830 | ||
Allowance for loan losses, individually evaluated for impairment | 168 | 168 | 254 | ||
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | |||||
Balance | 3,501 | 3,291 | 3,297 | 3,346 | |
Charge-offs | (29) | (29) | (251) | ||
Recoveries | 1 | 2 | 5 | 3 | |
Provisions (credits) | (451) | (198) | (251) | (3) | |
Balance | 3,022 | 3,095 | 3,022 | 3,095 | |
Construction, Land Acquisition and Development [Member] | |||||
Allowance for loan losses, collectively evaluated for impairment | 236 | 236 | 268 | ||
Allowance for loan losses | 236 | 236 | 268 | ||
Loans receivable, individually evaluated for impairment | 87 | 87 | 350 | ||
Loans receivable, collectively evaluated for impairment | 22,637 | 22,637 | 18,007 | ||
Loans receivable | 22,724 | 22,724 | 18,357 | ||
Allowance for loan losses, individually evaluated for impairment | |||||
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | |||||
Balance | 223 | 653 | 268 | 853 | |
Charge-offs | 0 | 0 | |||
Recoveries | 9 | 421 | 9 | ||
Provisions (credits) | 13 | 55 | (453) | (145) | |
Balance | 236 | 717 | 236 | 717 | |
Commercial and Industrial [Member] | |||||
Balance | 1,679 | 1,322 | 1,736 | 1,205 | |
Charge-offs | (317) | (496) | (347) | (1,064) | |
Recoveries | 110 | 118 | 179 | 212 | |
Provisions (credits) | 841 | 621 | 745 | 1,212 | |
Balance | 2,313 | 1,565 | 2,313 | 1,565 | |
Allowance for loan losses, collectively evaluated for impairment | 1,712 | 1,712 | 1,718 | ||
Allowance for loan losses | 2,313 | 2,313 | 1,736 | ||
Loans receivable, individually evaluated for impairment | 1,646 | 1,646 | 91 | ||
Loans receivable, collectively evaluated for impairment | 146,784 | 146,784 | 153,667 | ||
Loans receivable | 148,430 | 148,430 | 153,758 | ||
Allowance for loan losses, individually evaluated for impairment | 601 | 601 | 18 | ||
Consumer Portfolio Segment [Member] | |||||
Balance | 1,410 | 1,379 | 1,457 | 1,494 | |
Charge-offs | (88) | (213) | (306) | (518) | |
Recoveries | 85 | 107 | 252 | 308 | |
Provisions (credits) | 35 | 77 | 39 | 66 | |
Balance | 1,442 | 1,350 | 1,442 | 1,350 | |
Allowance for loan losses, collectively evaluated for impairment | 1,441 | 1,441 | 1,456 | ||
Allowance for loan losses | 1,442 | 1,442 | 1,457 | ||
Loans receivable, individually evaluated for impairment | 294 | 294 | 297 | ||
Loans receivable, collectively evaluated for impairment | 134,838 | 134,838 | 127,547 | ||
Loans receivable | 135,132 | 135,132 | 127,844 | ||
Allowance for loan losses, individually evaluated for impairment | 1 | 1 | 1 | ||
State and Political Subdivisions [Member] | |||||
Balance | 349 | 780 | 490 | 485 | |
Charge-offs | 0 | 0 | |||
Recoveries | 0 | 0 | |||
Provisions (credits) | (41) | (47) | (182) | 248 | |
Balance | 308 | 733 | 308 | 733 | |
Allowance for loan losses, collectively evaluated for impairment | 308 | 308 | 490 | ||
Allowance for loan losses | 308 | 308 | 490 | ||
Loans receivable, individually evaluated for impairment | |||||
Loans receivable, collectively evaluated for impairment | 36,667 | 36,667 | 43,709 | ||
Loans receivable | 36,667 | 36,667 | 43,709 | ||
Allowance for loan losses, individually evaluated for impairment | |||||
Unallocated Financing Receivables [Member] | |||||
Balance | 0 | 74 | |||
Charge-offs | 0 | 0 | |||
Recoveries | 0 | 0 | |||
Provisions (credits) | 0 | (74) | |||
Balance | $ 0 | $ 0 | $ 0 | $ 0 |
Note 4 - Loans - Investment in
Note 4 - Loans - Investment in Loans Receivable by Loan Category and Credit Quality Indicator (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Loans receivable, gross | $ 730,544 | $ 731,758 |
Commercial Loans [Member] | ||
Loans receivable, gross | 469,693 | 481,252 |
Accruing Loans [Member] | ||
Loans receivable, gross | 260,229 | 249,725 |
Nonaccrual Loans [Member] | ||
Loans receivable, gross | 622 | 781 |
Subtotal, Other Loans [Member] | ||
Loans receivable, gross | 260,851 | 250,506 |
Pass [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 451,855 | 462,047 |
Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 5,701 | 11,409 |
Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 12,137 | 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 | 145,216 | 144,260 |
Residential Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 22,762 | 26,366 |
Residential Portfolio Segment [Member] | Accruing Loans [Member] | ||
Loans receivable, gross | 121,999 | 117,286 |
Residential Portfolio Segment [Member] | Nonaccrual Loans [Member] | ||
Loans receivable, gross | 455 | 608 |
Residential Portfolio Segment [Member] | Subtotal, Other Loans [Member] | ||
Loans receivable, gross | 122,454 | 117,894 |
Residential Portfolio Segment [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 22,060 | 25,506 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 277 | 394 |
Residential Portfolio Segment [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 425 | 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 | 242,375 | 243,830 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 242,375 | 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 | 228,607 | 233,523 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 4,630 | 4,911 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 9,138 | 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 | 22,724 | 18,357 |
Construction, Land Acquisition and Development [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 20,562 | 14,895 |
Construction, Land Acquisition and Development [Member] | Accruing Loans [Member] | ||
Loans receivable, gross | 2,162 | 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 | 2,162 | 3,462 |
Construction, Land Acquisition and Development [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 20,218 | 14,101 |
Construction, Land Acquisition and Development [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 337 | 346 |
Construction, Land Acquisition and Development [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 7 | 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 | 148,430 | 153,758 |
Commercial and Industrial [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 144,734 | 149,716 |
Commercial and Industrial [Member] | Accruing Loans [Member] | ||
Loans receivable, gross | 3,696 | 4,042 |
Commercial and Industrial [Member] | Nonaccrual Loans [Member] | ||
Loans receivable, gross | ||
Commercial and Industrial [Member] | Subtotal, Other Loans [Member] | ||
Loans receivable, gross | 3,696 | 4,042 |
Commercial and Industrial [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 142,115 | 145,794 |
Commercial and Industrial [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 457 | 2,794 |
Commercial and Industrial [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 2,162 | 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 | 135,132 | 127,844 |
Consumer Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 2,593 | 2,736 |
Consumer Portfolio Segment [Member] | Accruing Loans [Member] | ||
Loans receivable, gross | 132,372 | 124,935 |
Consumer Portfolio Segment [Member] | Nonaccrual Loans [Member] | ||
Loans receivable, gross | 167 | 173 |
Consumer Portfolio Segment [Member] | Subtotal, Other Loans [Member] | ||
Loans receivable, gross | 132,539 | 125,108 |
Consumer Portfolio Segment [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 2,558 | 2,699 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | |
Consumer Portfolio Segment [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 35 | 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 | 36,667 | 43,709 |
State and Political Subdivisions [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 36,667 | 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 | 36,297 | 40,424 |
State and Political Subdivisions [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 0 | 2,964 |
State and Political Subdivisions [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans receivable, gross | 370 | 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 | Jun. 30, 2017 | Dec. 31, 2016 |
Loans past due | $ 730,544 | $ 731,758 |
Performing Financial Instruments [Member] | ||
Loans past due | 726,863 | 729,524 |
Nonperforming Financial Instruments [Member] | ||
Loans past due | 3,681 | 2,234 |
Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 408,375 | 404,450 |
Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 1,940 | 1,997 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 144,692 | 143,478 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 524 | 782 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 240,959 | 242,860 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 22,724 | 18,112 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 245 |
Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 146,857 | 153,694 |
Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 1,573 | 64 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 134,964 | 127,671 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 168 | 173 |
State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 36,667 | 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 | 1,416 | 970 |
Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Loans past due | 725,784 | 726,246 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 723,700 | 725,813 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 2,084 | 433 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 406,899 | 402,385 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 484 | 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 | 144,351 | 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 | 362 | 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 | 239,824 | 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 | 22,724 | 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 | 146,542 | 153,378 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 1,550 | 0 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 133,601 | 126,341 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 50 | 56 |
Financing Receivables, 1 to 29 Days Past Due [Member] | State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 36,658 | 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 | 122 | 201 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | 2,227 | 3,237 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 2,189 | 2,742 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 38 | 495 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 942 | 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 | 320 | 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 | 622 | 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 | 0 | 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 | 87 | 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 | 1,151 | 1,030 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 38 | 25 |
Financing Receivables, 30 to 59 Days Past Due [Member] | State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 9 | 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 | 978 | 988 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 974 | 969 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 4 | 19 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 534 | 660 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 1 | 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 | 21 | 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 | 1 | 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 | 513 | 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 | 228 | 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 | 212 | 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 | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans past due | 1,555 | 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 | 1,555 | 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 | 1,455 | 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 | 161 | 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 | 0 | 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 | 23 | 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 | 77 | 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 | $ 1,294 | $ 746 |
Note 4 - Loans - Impaired Loans
Note 4 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Recorded Investment | $ 12,463 | $ 5,604 |
Unpaid principal balance | 13,004 | 6,220 |
Recorded investment, with no allowance recorded | 6,305 | 1,875 |
Unpaid principal balance, with no allowance recorded | 6,808 | 2,491 |
Recorded investment, with a related allowance recorded | 6,158 | 3,729 |
Unpaid principal balance, with a related allowance recorded | 6,196 | 3,729 |
Related Allowance | 777 | 302 |
Real Estate Loan [Member] | ||
Recorded Investment | 10,523 | 5,216 |
Unpaid principal balance | 10,762 | 5,800 |
Recorded investment, with no allowance recorded | 5,859 | 1,802 |
Unpaid principal balance, with no allowance recorded | 6,060 | 2,386 |
Recorded investment, with a related allowance recorded | 4,664 | 3,414 |
Unpaid principal balance, with a related allowance recorded | 4,702 | 3,414 |
Related Allowance | 175 | 283 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Recorded Investment | 1,851 | 1,929 |
Unpaid principal balance | 1,990 | 2,020 |
Recorded investment, with no allowance recorded | 239 | 386 |
Unpaid principal balance, with no allowance recorded | 340 | 477 |
Recorded investment, with a related allowance recorded | 1,612 | 1,543 |
Unpaid principal balance, with a related allowance recorded | 1,650 | 1,543 |
Related Allowance | 7 | 29 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Recorded Investment | 8,585 | 2,937 |
Unpaid principal balance | 8,685 | 3,014 |
Recorded investment, with no allowance recorded | 5,533 | 1,066 |
Unpaid principal balance, with no allowance recorded | 5,633 | 1,143 |
Recorded investment, with a related allowance recorded | 3,052 | 1,871 |
Unpaid principal balance, with a related allowance recorded | 3,052 | 1,871 |
Related Allowance | 168 | 254 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | ||
Recorded Investment | 87 | 350 |
Unpaid principal balance | 87 | 766 |
Recorded investment, with no allowance recorded | 87 | 350 |
Unpaid principal balance, with no allowance recorded | 87 | 766 |
Recorded investment, with a related allowance recorded | 0 | 0 |
Unpaid principal balance, with a related allowance recorded | 0 | 0 |
Related Allowance | 0 | 0 |
Commercial and Industrial [Member] | ||
Recorded Investment | 1,646 | 91 |
Unpaid principal balance | 1,948 | 123 |
Recorded investment, with no allowance recorded | 446 | 73 |
Unpaid principal balance, with no allowance recorded | 748 | 105 |
Recorded investment, with a related allowance recorded | 1,200 | 18 |
Unpaid principal balance, with a related allowance recorded | 1,200 | 18 |
Related Allowance | 601 | 18 |
Consumer Portfolio Segment [Member] | ||
Recorded Investment | 294 | 297 |
Unpaid principal balance | 294 | 297 |
Recorded investment, with no allowance recorded | 0 | 0 |
Unpaid principal balance, with no allowance recorded | 0 | 0 |
Recorded investment, with a related allowance recorded | 294 | 297 |
Unpaid principal balance, with a related allowance recorded | 294 | 297 |
Related Allowance | 1 | 1 |
State and Political Subdivisions [Member] | ||
Recorded Investment | 0 | 0 |
Unpaid principal balance | 0 | 0 |
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 |
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 | 6 Months Ended | |||||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | ||||
Average Balance | $ 10,734 | $ 6,660 | $ 9,315 | [1] | $ 7,335 | [1] | |
Interest Income | [1] | 106 | 50 | 176 | 106 | ||
Real Estate Loan [Member] | |||||||
Average Balance | 9,380 | 5,968 | 8,140 | [1] | 6,596 | [1] | |
Interest Income | [1] | 94 | 46 | 156 | 98 | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||||||
Average Balance | 1,841 | 2,278 | 1,884 | [1] | 2,577 | [1] | |
Interest Income | [1] | 21 | 22 | 42 | 48 | ||
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | |||||||
Average Balance | 7,452 | 3,279 | 6,133 | [1] | 3,531 | [1] | |
Interest Income | [1] | 72 | 23 | 112 | 46 | ||
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | |||||||
Average Balance | 87 | 411 | 123 | [1] | 488 | [1] | |
Interest Income | [1] | 1 | 1 | 2 | 4 | ||
Commercial and Industrial [Member] | |||||||
Average Balance | 1,059 | 343 | 879 | [1] | 390 | [1] | |
Interest Income | [1] | 9 | 1 | 14 | 2 | ||
Consumer Portfolio Segment [Member] | |||||||
Average Balance | 295 | 349 | 296 | [1] | 349 | [1] | |
Interest Income | [1] | 3 | 3 | 6 | 6 | ||
State and Political Subdivisions [Member] | |||||||
Average Balance | 0 | 0 | 0 | [1] | 0 | [1] | |
Interest Income | [1] | $ 0 | $ 0 | $ 0 | $ 0 | ||
[1] | Interest income represents income recognized on performing TDRs. |
Note 4 - Loans - Investment i43
Note 4 - Loans - Investment in Loans Modified as TDRs by Loan Category (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017USD ($) | Jun. 30, 2016 | Jun. 30, 2017USD ($) | Jun. 30, 2016 | |
Pre-modification Outstanding Recorded Investments | $ 2,441 | $ 7,158 | ||
Post-modification Outstanding Recorded Investments | $ 2,441 | $ 7,158 | ||
Financing Receivable, Modifications, Number of Contracts | 11 | 0 | 13 | 0 |
Residential Portfolio Segment [Member] | ||||
Pre-modification Outstanding Recorded Investments | $ 63 | $ 63 | ||
Post-modification Outstanding Recorded Investments | $ 63 | $ 63 | ||
Financing Receivable, Modifications, Number of Contracts | 1 | 1 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Pre-modification Outstanding Recorded Investments | $ 1,228 | $ 5,250 | ||
Post-modification Outstanding Recorded Investments | $ 1,228 | $ 5,250 | ||
Financing Receivable, Modifications, Number of Contracts | 7 | 8 | ||
Construction, Land Acquisition and Development [Member] | ||||
Pre-modification Outstanding Recorded Investments | $ 0 | $ 0 | ||
Post-modification Outstanding Recorded Investments | $ 0 | $ 0 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | ||
Commercial and Industrial [Member] | ||||
Pre-modification Outstanding Recorded Investments | $ 1,150 | $ 1,845 | ||
Post-modification Outstanding Recorded Investments | $ 1,150 | $ 1,845 | ||
Financing Receivable, Modifications, Number of Contracts | 3 | 4 | ||
Consumer Portfolio Segment [Member] | ||||
Pre-modification Outstanding Recorded Investments | $ 0 | $ 0 | ||
Post-modification Outstanding Recorded Investments | $ 0 | $ 0 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | ||
State and Political Subdivisions [Member] | ||||
Pre-modification Outstanding Recorded Investments | $ 0 | $ 0 | ||
Post-modification Outstanding Recorded Investments | $ 0 | $ 0 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 |
Note 4 - Loans - Types of Modif
Note 4 - Loans - Types of Modifications (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2017 | Jun. 30, 2017 | |
Financing receivable, modifications | $ 2,441 | $ 7,158 |
Extended Maturity [Member] | ||
Financing receivable, modifications | 63 | 63 |
Extended Maturity and Capitalization of Taxes [Member] | ||
Financing receivable, modifications | 25 | 25 |
Forbearance [Member] | ||
Financing receivable, modifications | 2,353 | 7,070 |
Residential Portfolio Segment [Member] | ||
Financing receivable, modifications | 63 | 63 |
Residential Portfolio Segment [Member] | Extended Maturity [Member] | ||
Financing receivable, modifications | 63 | 63 |
Residential Portfolio Segment [Member] | Extended Maturity and Capitalization of Taxes [Member] | ||
Financing receivable, modifications | 0 | 0 |
Residential Portfolio Segment [Member] | Forbearance [Member] | ||
Financing receivable, modifications | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing receivable, modifications | 1,228 | 5,250 |
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member] | ||
Financing receivable, modifications | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity and Capitalization of Taxes [Member] | ||
Financing receivable, modifications | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Forbearance [Member] | ||
Financing receivable, modifications | 1,228 | 5,250 |
Construction, Land Acquisition and Development [Member] | ||
Financing receivable, modifications | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Extended Maturity [Member] | ||
Financing receivable, modifications | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Extended Maturity and Capitalization of Taxes [Member] | ||
Financing receivable, modifications | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Forbearance [Member] | ||
Financing receivable, modifications | 0 | 0 |
Commercial and Industrial [Member] | ||
Financing receivable, modifications | 1,150 | 1,845 |
Commercial and Industrial [Member] | Extended Maturity [Member] | ||
Financing receivable, modifications | 0 | 0 |
Commercial and Industrial [Member] | Extended Maturity and Capitalization of Taxes [Member] | ||
Financing receivable, modifications | 25 | 25 |
Commercial and Industrial [Member] | Forbearance [Member] | ||
Financing receivable, modifications | 1,125 | 1,820 |
Consumer Portfolio Segment [Member] | ||
Financing receivable, modifications | 0 | 0 |
Consumer Portfolio Segment [Member] | Extended Maturity [Member] | ||
Financing receivable, modifications | 0 | 0 |
Consumer Portfolio Segment [Member] | Extended Maturity and Capitalization of Taxes [Member] | ||
Financing receivable, modifications | 0 | 0 |
Consumer Portfolio Segment [Member] | Forbearance [Member] | ||
Financing receivable, modifications | 0 | 0 |
State and Political Subdivisions [Member] | ||
Financing receivable, modifications | 0 | 0 |
State and Political Subdivisions [Member] | Extended Maturity [Member] | ||
Financing receivable, modifications | 0 | 0 |
State and Political Subdivisions [Member] | Extended Maturity and Capitalization of Taxes [Member] | ||
Financing receivable, modifications | 0 | 0 |
State and Political Subdivisions [Member] | Forbearance [Member] | ||
Financing receivable, modifications | $ 0 | $ 0 |
Note 4 - Loans - TDRs With Subs
Note 4 - Loans - TDRs With Subsequent Default (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2016USD ($) | |
Recorded Investment | $ 0 | $ 37 | $ 10 | $ 145 |
Number of Contracts | 0 | 1 | 1 | 3 |
Residential Portfolio Segment [Member] | ||||
Recorded Investment | $ 0 | $ 37 | $ 0 | $ 145 |
Number of Contracts | 0 | 1 | 0 | 3 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Number of Contracts | 0 | 0 | 0 | 0 |
Construction, Land Acquisition and Development [Member] | ||||
Recorded Investment | $ 0 | $ 0 | $ 10 | $ 0 |
Number of Contracts | 0 | 0 | 1 | 0 |
Commercial and Industrial [Member] | ||||
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Number of Contracts | 0 | 0 | 0 | 0 |
Consumer Portfolio Segment [Member] | ||||
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Number of Contracts | 0 | 0 | 0 | 0 |
State and Political Subdivisions [Member] | ||||
Recorded Investment | $ 0 | $ 0 | $ 0 | $ 0 |
Number of Contracts | 0 | 0 | 0 | 0 |
Note 5 - Deposits (Details Text
Note 5 - Deposits (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Increase (Decrease) in Deposits | $ (82,389) | $ 14,287 | |
Deposits | 932,750 | $ 1,015,139 | |
Increase (Decrease) in Noninterest-bearing Deposit Liabilities | (25,800) | ||
Noninterest-bearing Deposit Liabilities | 147,878 | 173,702 | |
Increase (Decrease) in Interest-bearing Deposit Liabilities | (56,600) | ||
Interest-bearing Deposit Liabilities | $ 784,872 | $ 841,437 |
Note 5 - Deposits - Summary of
Note 5 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Demand (non-interest-bearing) | $ 147,878 | $ 173,702 |
Interest-bearing demand | 486,029 | 551,114 |
Savings | 102,871 | 103,241 |
Time ($250,000 and over) | 39,684 | 35,917 |
Other time | 156,288 | 151,165 |
Total interest-bearing | 784,872 | 841,437 |
Total deposits | $ 932,750 | $ 1,015,139 |
Note 6 - Income Taxes (Details
Note 6 - Income Taxes (Details Textual) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Operating Loss Carryforwards | $ 50.4 | ||||
Deferred Tax Assets, Operating Loss Carryforwards | 17.1 | ||||
Charitable Contribution Carryovers | 0.7 | ||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% | 34.00% | 34.00% | 34.00% | |
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 | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Provision at statutory tax rates, amount | $ 919 | $ 777 | $ 1,940 | $ 1,243 |
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, amount | $ (112) | $ (125) | $ (234) | $ (253) |
Tax effects of non-taxable income, percentage | (4.14%) | (5.47%) | (4.10%) | (6.92%) |
Non-deductible interest expense, amount | $ 3 | $ 3 | $ 6 | $ 5 |
Non-deductible interest expense, percentage | 0.09% | 0.13% | 0.10% | 0.14% |
Bank-owned life insurance, percentage | (1.70%) | (2.13%) | (1.61%) | (2.69%) |
Bank-owned life insurance, amount | $ (46) | $ (49) | $ (92) | $ (98) |
Change in valuation allowance, amount | $ (8) | |||
Change in valuation allowance, percentage | 0.00% | 0.00% | 0.00% | (0.22%) |
Other items, net, amount | $ 146 | $ 55 | $ 96 | $ (2) |
Other items, net, percentage | 5.43% | 2.38% | 1.69% | (0.04%) |
Income tax expense, amount | $ 910 | $ 661 | $ 1,716 | $ 887 |
Income tax expense, percentage | 33.68% | 28.92% | 30.08% | 24.27% |
Note 7 - Related Party Transa50
Note 7 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Jul. 27, 2017 | Dec. 31, 2016 | |
Related Party Transaction, Interest Paid | $ 228 | $ 320 | ||||
Related Party Transaction, Payments of Previously Deferred and Accrued Interest | 10,800 | |||||
Loans and Leases Receivable, Net Amount | $ 724,672 | 724,672 | $ 725,860 | |||
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 Transaction, Interest Paid | 140 | 197 | ||||
Related Party Transaction, Payments of Previously Deferred and Accrued Interest | 3,900 | |||||
Related Party Deposit Liabilities | 93,100 | 93,100 | 119,300 | |||
Related Party Transactions, Interest Paid on Deposits | 131 | 94 | ||||
Related Party Transaction, Expenses from Transactions with Related Party | 600 | $ 400 | 1,100 | $ 900 | ||
Related Party Transactions, Subordinated Debt | $ 6,200 | |||||
Directors, Executive Officers and Their Related Parties [Member] | Subsequent Event [Member] | ||||||
Related Party Transaction, Subordinated Debt, Accelerated Partial Principal Repayment | $ 5,000 | |||||
Related Party Transaction, Subordinated Debt, Amount to be Repaid | $ 3,100 | |||||
Executive Officer [Member] | Nonperforming Financial Instruments [Member] | ||||||
Due from Related Parties | $ 0 | $ 0 |
Note 7 - Related Party Transa51
Note 7 - Related Party Transactions - Related Party Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | ||
Balance, beginning of period | $ 44,189 | $ 43,966 | $ 42,007 | $ 52,652 | |
Additions, new loans and advances | 10,562 | 1,217 | 36,772 | 7,212 | |
Repayments | (13,326) | (1,498) | (37,354) | (16,179) | |
Other (1) | [1] | (21) | (21) | ||
Balance, end of period | $ 41,425 | $ 43,664 | $ 41,425 | $ 43,664 | |
[1] | Represents loans to related parties that ceased being an insider during the period. |
Note 8 - Contingencies (Details
Note 8 - Contingencies (Details Textual) - USD ($) | Feb. 16, 2017 | Apr. 01, 2014 | Mar. 28, 2014 | Jun. 30, 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 P53
Note 9 - Stock Compensation Plans (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Allocated Share-based Compensation Expense | $ 0 | $ 0 | $ 0 | $ 0 |
The 2000 Employee Stock Incentive Plan [Member] | ||||
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price | $ 13.15 | $ 13.15 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 31,200 | 31,200 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ 13.15 | $ 13.15 | ||
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 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period | 6,500 | 6,500 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | 31,200 | 31,200 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ 13.15 | $ 13.15 | ||
Long-Term Incentive Compensation Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,200,000 | 1,200,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 977,253 | 977,253 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized | $ 608 | $ 557 | $ 608 | 557 |
Allocated Share-based Compensation Expense | $ 167 | $ 129 | ||
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 | 54,549 | 67,600 |
Note 9 - Stock Compensation P54
Note 9 - Stock Compensation Plans - Stock Compensation Plans (Details) - Restricted Stock [Member] - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Unvested, beginning of period (in dollars per share) | $ 6.09 | $ 5.73 | $ 5.74 | $ 5.99 |
Unvested, beginning of period (in shares) | 142,283 | 164,371 | 103,874 | 112,958 |
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) | (18,114) | (5,050) | (18,114) | |
Forfeitures, Weighted average grant date fair value (in dollars per share) | $ 5.62 | $ 5.65 | $ 5.62 | |
Vestings (in shares) | (35,788) | (36,661) | (46,878) | (52,848) |
Vestings, Weighted average grant date fair value (in dollars per share) | $ 5.65 | $ 5.72 | $ 5.90 | $ 6.02 |
Unvested, end of period (in dollars per share) | $ 6.24 | $ 5.75 | $ 6.24 | $ 5.75 |
Unvested, end of period (in shares) | 106,495 | 109,596 | 106,495 | 109,596 |
Note 10 - Regulatory Matters_55
Note 10 - Regulatory Matters/Subsequent Event (Details Textual) - $ / shares | 3 Months Ended | 6 Months Ended | |||
Sep. 30, 2017 | Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Stock Issued During Period, Shares, New Issues | 29,861 | 19,775 | 65,240 | 19,775 | |
Common Stock, Dividends, Per Share, Declared | $ 0.03 | $ 0.02 | $ 0.06 | $ 0.04 | |
Scenario, Forecast [Member] | |||||
Common Stock, Dividends, Per Share, Declared | $ 0.03 |
Note 10 - Regulatory Matters_56
Note 10 - Regulatory Matters/Subsequent Event - Risk-based Capital and Related Ratios (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 | |
Total average assets, Amount | $ 1,095,213 | $ 1,090,665 | |
Total capital (to risk-weighted assets), Amount | $ 101,212 | $ 96,827 | |
Total capital (to risk-weighted assets), Ratio | 12.53% | 12.06% | |
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), Amount | $ 87,475 | $ 82,159 | |
Tier I capital (to risk-weighted assets), Ratio | 10.83% | 10.23% | |
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), Amount | $ 81,077 | $ 80,049 | |
Tier I common equity (to risk-weighted assets), Ratio | 10.04% | 9.97% | |
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), Amount | $ 87,475 | $ 82,159 | |
Tier I capital (to average assets), Ratio | 7.99% | 7.53% | |
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% |
Total risk-weighted assets, Amount | $ 807,927 | $ 803,026 | |
Subsidiaries [Member] | |||
Total average assets, Amount | 1,095,181 | 1,090,550 | |
Total capital (to risk-weighted assets), Amount | $ 108,565 | $ 102,786 | |
Total capital (to risk-weighted assets), Ratio | 13.44% | 12.81% | |
Tier I capital (to risk-weighted assets), Amount | $ 99,829 | $ 94,118 | |
Tier I capital (to risk-weighted assets), Ratio | 12.36% | 11.73% | |
Tier I common equity (to risk-weighted assets), Amount | $ 99,829 | $ 94,118 | |
Tier I common equity (to risk-weighted assets), Ratio | 12.36% | 11.73% | |
Tier I capital (to average assets), Amount | $ 99,829 | $ 94,118 | |
Tier I capital (to average assets), Ratio | 9.12% | 8.63% | |
Total risk-weighted assets, Amount | $ 807,519 | $ 802,610 | |
[1] | Applies to the Bank only. |
Note 11 - Fair Value Measurem57
Note 11 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Available-for-sale Securities | $ 277,618 | $ 272,676 |
Fair Value, Inputs, Level 3 [Member] | ||
Available-for-sale Securities | $ 0 | $ 0 |
Note 11 - Fair Value Measurem58
Note 11 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Securities available for sale, at fair value | $ 277,618 | $ 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 | 12,188 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available for sale, at fair value | 150,636 | 117,873 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Residential Mortgage [Member] | ||
Securities available for sale, at fair value | 21,598 | 18,084 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Commercial Loan [Member] | ||
Securities available for sale, at fair value | 77,751 | 99,350 |
Collateralized Mortgage Backed Securities [Member] | ||
Securities available for sale, at fair value | 22,651 | 20,576 |
Corporate Debt Securities [Member] | ||
Securities available for sale, at fair value | 453 | |
Asset-backed Securities [Member] | ||
Securities available for sale, at fair value | 850 | |
Negotiable Certificates of Deposit [Member] | ||
Securities available for sale, at fair value | 3,198 | 3,216 |
Equity Securities [Member] | ||
Securities available for sale, at fair value | 934 | 936 |
Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale, at fair value | 277,618 | 272,676 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale, at fair value | 934 | 936 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale, at fair value | 276,684 | 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 | 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 | 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 | 150,636 | 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 | 150,636 | 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 | 21,598 | 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 | 77,751 | 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 | 21,598 | 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 | 77,751 | 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 | 22,651 | 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 | 22,651 | 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 | |
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 | |
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 | 850 | |
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 | 850 | |
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 | 3,198 | 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 | 3,198 | 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 | 934 | 936 |
Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale, at fair value | 934 | 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 Measurem59
Note 11 - Fair Value Measurements - Assets Measured At Fair Value On a Non-recurring Basis and Quantitative Information (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2017 | Dec. 31, 2016 | |
Recorded Investment | $ 12,463 | $ 5,604 |
Related Allowance | $ 777 | $ 302 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Market Approach Valuation Technique [Member] | Impaired Loans, Collateral Dependent [Member] | ||
Selling Cost | 10.00% | 10.00% |
Recorded Investment | $ 1,589 | $ 482 |
Related Allowance | 619 | 68 |
Fair Value | $ 970 | $ 414 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Market Approach Valuation Technique [Member] | Other Real Estate Owned [Member] | ||
Selling Cost | 10.00% | 10.00% |
Recorded Investment | $ 562 | $ 1,949 |
Related Allowance | ||
Fair Value | $ 562 | 1,949 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Income Approach Valuation Technique [Member] | Impaired Loans, Other [Member] | ||
Discount Rate | ||
Recorded Investment | $ 4,569 | 3,247 |
Related Allowance | 158 | 234 |
Fair Value | $ 4,411 | $ 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 Measurem60
Note 11 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Information (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Financial assets | ||
Securities available for sale, at fair value | $ 277,618 | $ 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 | 277,618 | 272,676 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets | ||
Cash and short term investments | 26,160 | 112,445 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets | ||
Loans held for sale | 617 | 596 |
Accrued interest receivable | 2,784 | 2,757 |
Financial liabilities | ||
Deposits | 932,750 | 1,015,139 |
Borrowed funds | 65,213 | 78,847 |
Accrued interest payable | 235 | 242 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||
Financial assets | ||
FHLB of Pittsburgh stock | 2,282 | 3,311 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets | ||
Loans, net | 724,672 | 725,860 |
Servicing rights | 230 | 215 |
Estimate of Fair Value Measurement [Member] | ||
Financial assets | ||
Securities available for sale, at fair value | 277,618 | 272,676 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets | ||
Cash and short term investments | 26,160 | 112,445 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets | ||
Loans held for sale | 617 | 596 |
Accrued interest receivable | 2,784 | 2,757 |
Financial liabilities | ||
Deposits | 902,622 | 968,904 |
Borrowed funds | 65,259 | 78,923 |
Accrued interest payable | 235 | 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 | 2,282 | 3,311 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets | ||
Loans, net | 719,872 | 715,602 |
Servicing rights | $ 754 | $ 744 |
Note 12 - Earnings Per Share (D
Note 12 - Earnings Per Share (Details Textual) - shares | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 31,200 | 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 | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Net income | $ 1,792 | $ 1,625 | $ 3,989 | $ 2,768 |
Basic (in shares) | 16,716,899 | 16,549,169 | 16,687,389 | 16,534,464 |
Plus: Common share equivalents (in shares) | 20,096 | 4,467 | 16,667 | 2,644 |
Diluted weighted-average number of common shares outstanding (in shares) | 16,736,995 | 16,553,636 | 16,704,056 | 16,537,108 |
Basic (in dollars per share) | $ 0.11 | $ 0.10 | $ 0.24 | $ 0.17 |
Diluted (in dollars per share) | $ 0.11 | $ 0.10 | $ 0.24 | $ 0.17 |
Note 13 - Other Comprehensive63
Note 13 - Other Comprehensive Income - Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Income tax expense | $ 910 | $ 661 | $ 1,716 | $ 887 |
Net of tax amount | 458 | 566 | 641 | 634 |
Net gains on sale of securities reclassified into net income | (693) | (857) | (971) | (960) |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Income tax expense | 235 | 291 | 330 | 326 |
Net of tax amount | (458) | (566) | (641) | (634) |
Net gains on sale of securities reclassified into net income | $ (693) | $ (857) | $ (971) | $ (960) |
Note 13 - Other Comprehensive64
Note 13 - Other Comprehensive Income - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Beginning balance | $ 90,147 | $ 86,178 | ||
Total other comprehensive income | $ 1,674 | $ 1,954 | 2,709 | 6,974 |
Ending balance | 96,465 | 95,500 | 96,465 | 95,500 |
AOCI Attributable to Parent [Member] | ||||
Beginning balance | (749) | 4,782 | (1,784) | (238) |
Other comprehensive income before reclassifications | 2,132 | 2,520 | 3,350 | 7,608 |
Amounts reclassified from accumulated other comprehensive income | (458) | (566) | (641) | (634) |
Total other comprehensive income | 1,674 | 1,954 | 2,709 | 6,974 |
Ending balance | $ 925 | $ 6,736 | $ 925 | $ 6,736 |