Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2018 | Oct. 26, 2018 | |
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 Emerging Growth Company | false | |
Entity Small Business | false | |
Entity Common Stock, Shares Outstanding (in shares) | 16,819,768 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Assets | ||
Cash and due from banks | $ 23,051 | $ 22,755 |
Interest-bearing deposits in other banks | 7,246 | 14,991 |
Total cash and cash equivalents | 30,297 | 37,746 |
Debt securities available for sale, at fair value | 288,780 | 289,459 |
Equity securities | 884 | 918 |
Restricted stock, at cost | 3,333 | 2,763 |
Loans held for sale | 938 | 1,095 |
Loans, net of allowance for loan and lease losses of $9,827 and $9,034 | 854,489 | 761,609 |
Bank premises and equipment, net | 13,895 | 10,388 |
Accrued interest receivable | 4,061 | 3,234 |
Bank-owned life insurance | 30,873 | 30,460 |
Other real estate owned | 715 | 1,023 |
Net deferred tax assets | 16,382 | 15,785 |
Other assets | 6,475 | 7,825 |
Total assets | 1,251,122 | 1,162,305 |
Liabilities | ||
Demand (non-interest-bearing) | 166,967 | 176,325 |
Interest-bearing | 928,154 | 826,123 |
Total deposits | 1,095,121 | 1,002,448 |
Borrowed funds: | ||
Federal Home Loan Bank of Pittsburgh advances | 46,490 | 44,968 |
Subordinated debentures | 5,000 | 5,000 |
Junior subordinated debentures | 10,310 | 10,310 |
Total borrowed funds | 61,800 | 60,278 |
Accrued interest payable | 318 | 241 |
Other liabilities | 7,306 | 10,147 |
Total liabilities | 1,164,545 | 1,073,114 |
Shareholders' equity | ||
Preferred stock ($1.25 par) Authorized: 20,000,000 shares at September 30, 2018 and December 31, 2017 Issued and outstanding: 0 shares at September 30, 2018 and December 31, 2017 | ||
Common stock ($1.25 par) Authorized: 50,000,000 shares at September 30, 2018 and December 31, 2017 Issued and outstanding: 16,819,471 shares at September 30, 2018 and 16,757,963 shares at December 31, 2017 | 21,024 | 20,947 |
Additional paid-in capital | 63,469 | 63,210 |
Retained earnings | 10,965 | 6,779 |
Accumulated other comprehensive loss | (8,881) | (1,745) |
Total shareholders' equity | 86,577 | 89,191 |
Total liabilities and shareholders’ equity | $ 1,251,122 | $ 1,162,305 |
Consolidated Statements of Fi_2
Consolidated Statements of Financial Condition (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans, allowance for loan and lease losses | $ 9,827 | $ 9,034 |
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) | 16,819,471 | 16,757,963 |
Common shares, outstanding (in shares) | 16,819,471 | 16,757,963 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Interest income | ||||
Interest and fees on loans | $ 9,501 | $ 7,576 | $ 26,820 | $ 21,748 |
Interest and dividends on securities: | ||||
U.S. government agencies | 899 | 816 | 2,675 | 2,566 |
State and political subdivisions, tax-free | 37 | 7 | 95 | 42 |
State and political subdivisions, taxable | 1,028 | 1,016 | 3,079 | 2,816 |
Other securities | 211 | 166 | 646 | 409 |
Total interest and dividends on securities | 2,175 | 2,005 | 6,495 | 5,833 |
Interest on interest-bearing deposits in other banks | 17 | 24 | 52 | 146 |
Total interest income | 11,693 | 9,605 | 33,367 | 27,727 |
Interest expense | ||||
Interest on deposits | 1,559 | 943 | 3,760 | 2,513 |
Interest on borrowed funds: | ||||
Federal Home Loan Bank of Pittsburgh advances | 715 | 163 | 1,774 | 424 |
Subordinated debentures | 58 | 97 | 171 | 323 |
Junior subordinated debentures | 106 | 77 | 292 | 219 |
Total interest on borrowed funds | 879 | 337 | 2,237 | 966 |
Total interest expense | 2,438 | 1,280 | 5,997 | 3,479 |
Net interest income before provision for loan and lease losses | 9,255 | 8,325 | 27,370 | 24,248 |
Provision for loan and lease losses | 1,149 | 543 | 2,749 | 486 |
Net interest income after provision for loan and lease losses | 8,106 | 7,782 | 24,621 | 23,762 |
Non-interest income | ||||
Net gain (loss) on the sale of available-for-sale securities | 367 | (4) | 1,338 | |
Net loss on equity securities | (8) | (34) | ||
Net gain on the sale of mortgage loans held for sale | 71 | 106 | 171 | 241 |
Net gain on the sale of SBA guaranteed loans | 23 | 322 | 79 | |
Net gain on the sale of other repossessed assets | 47 | |||
Net gain on the sale of other real estate owned | 31 | 57 | ||
Loan-related fees | 85 | 96 | 245 | 252 |
Income from bank-owned life insurance | 141 | 129 | 413 | 399 |
Merchant services revenue | 135 | 108 | 365 | 307 |
Other | 185 | 157 | 699 | 440 |
Total non-interest income | 1,320 | 1,714 | 4,368 | 5,307 |
Non-interest expense | ||||
Salaries and employee benefits | 3,581 | 3,247 | 10,732 | 10,069 |
Occupancy expense | 500 | 394 | 1,629 | 1,567 |
Equipment expense | 299 | 474 | 936 | 1,380 |
Advertising expense | 193 | 119 | 519 | 424 |
Data processing expense | 745 | 506 | 2,040 | 1,502 |
Regulatory assessments | 251 | 160 | 648 | 497 |
Bank shares tax | 278 | 252 | 767 | 762 |
Expense of other real estate owned | 91 | 104 | 191 | 432 |
Professional fees | 241 | 206 | 733 | 662 |
Insurance expense | 130 | 132 | 398 | 385 |
Other losses | 28 | 49 | 155 | 334 |
Other operating expenses | 851 | 754 | 2,638 | 2,251 |
Total non-interest expense | 7,188 | 6,397 | 21,386 | 20,265 |
Income before income tax expense | 2,238 | 3,099 | 7,603 | 8,804 |
Income tax expense | 388 | 827 | 1,322 | 2,543 |
Net income | $ 1,850 | $ 2,272 | $ 6,281 | $ 6,261 |
Earnings per share | ||||
Basic (in dollars per share) | $ 0.11 | $ 0.14 | $ 0.37 | $ 0.37 |
Diluted (in dollars per share) | 0.11 | 0.14 | 0.37 | 0.37 |
Cash dividends declared per common share (in dollars per share) | $ 0.04 | $ 0.03 | $ 0.12 | $ 0.09 |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: | ||||
Basic (in shares) | 16,818,625 | 16,757,963 | 16,791,815 | 16,711,172 |
Diluted (in shares) | 16,838,547 | 16,777,671 | 16,813,948 | 16,728,852 |
Financial Service [Member] | ||||
Non-interest income | ||||
Deposit service charges | $ 711 | $ 728 | $ 2,160 | $ 2,147 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net income | $ 1,850 | $ 2,272 | $ 6,281 | $ 6,261 |
Other comprehensive (loss) income: | ||||
Unrealized (losses) gains on securities available for sale | (2,302) | (1,290) | (9,118) | 3,868 |
Taxes | 483 | 438 | 1,914 | (1,315) |
Net of tax amount | (1,819) | (852) | (7,204) | 2,553 |
Reclassification adjustment for (gains) losses included in net income | (367) | 4 | (1,338) | |
Taxes | 125 | (1) | 455 | |
Net of tax amount | (242) | 3 | (883) | |
Total other comprehensive (loss) income | (1,819) | (1,094) | (7,201) | 1,670 |
Comprehensive income (loss) | $ 31 | $ 1,178 | $ (920) | $ 7,931 |
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 |
Balance (in shares) at Dec. 31, 2016 | 16,645,845 | ||||
Balance, beginning of period at Dec. 31, 2016 | $ 20,807 | $ 62,593 | $ 8,531 | $ (1,560) | $ 90,371 |
Net income for the period | 6,261 | 6,261 | |||
Cash dividends | (1,505) | (1,505) | |||
Restricted stock awards | 234 | 234 | |||
Common shares issued under long-term incentive compensation plan (in shares) | 46,878 | ||||
Common shares issued under long-term incentive compensation plan | $ 58 | (58) | |||
Common shares issued through dividend reinvestment/optional cash purchase plan (in shares) | 65,240 | 65,240 | |||
Common shares issued through dividend reinvestment/optional cash purchase plan | $ 82 | 374 | (5) | $ 451 | |
Other comprehensive income (loss), net of tax | 1,670 | 1,670 | |||
Reclassification of unrealized loss on equity securities, net of tax | |||||
Balance (in shares) at Sep. 30, 2017 | 16,757,963 | ||||
Balance, end of period at Sep. 30, 2017 | $ 20,947 | 63,143 | 13,282 | 110 | 97,482 |
Balance, beginning of period at Jun. 30, 2017 | 1,204 | ||||
Net income for the period | $ 2,272 | ||||
Common shares issued through dividend reinvestment/optional cash purchase plan (in shares) | 0 | ||||
Other comprehensive income (loss), net of tax | (1,094) | $ (1,094) | |||
Reclassification of unrealized loss on equity securities, net of tax | |||||
Balance (in shares) at Sep. 30, 2017 | 16,757,963 | ||||
Balance, end of period at Sep. 30, 2017 | $ 20,947 | 63,143 | 13,282 | 110 | 97,482 |
Balance (in shares) at Dec. 31, 2017 | 16,757,963 | ||||
Balance, beginning of period at Dec. 31, 2017 | $ 20,947 | 63,210 | 6,779 | (1,745) | 89,191 |
Net income for the period | 6,281 | 6,281 | |||
Cash dividends | (2,016) | (2,016) | |||
Restricted stock awards | 215 | 215 | |||
Common shares issued under long-term incentive compensation plan (in shares) | 46,358 | ||||
Common shares issued under long-term incentive compensation plan | $ 58 | (58) | |||
Common shares issued through dividend reinvestment/optional cash purchase plan (in shares) | 15,150 | 15,150 | |||
Common shares issued through dividend reinvestment/optional cash purchase plan | $ 19 | 102 | (14) | $ 107 | |
Other comprehensive income (loss), net of tax | (7,201) | (7,201) | |||
Reclassification of unrealized loss on equity securities, net of tax | (65) | 65 | |||
Balance (in shares) at Sep. 30, 2018 | 16,819,471 | ||||
Balance, end of period at Sep. 30, 2018 | $ 21,024 | 63,469 | 10,965 | (8,881) | 86,577 |
Balance, beginning of period at Jun. 30, 2018 | (7,062) | ||||
Net income for the period | $ 1,850 | ||||
Common shares issued through dividend reinvestment/optional cash purchase plan (in shares) | 2,374 | ||||
Other comprehensive income (loss), net of tax | (1,819) | $ (1,819) | |||
Reclassification of unrealized loss on equity securities, net of tax | |||||
Balance (in shares) at Sep. 30, 2018 | 16,819,471 | ||||
Balance, end of period at Sep. 30, 2018 | $ 21,024 | $ 63,469 | $ 10,965 | $ (8,881) | $ 86,577 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash dividends declared, per share (in dollars per share) | $ 0.12 | $ 0.09 |
Retained Earnings [Member] | ||
Cash dividends declared, per share (in dollars per share) | $ 0.12 | $ 0.09 |
AOCI Attributable to Parent [Member] | ||
Other comprehensive income (loss), tax | $ 1,913 | $ 860 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Cash flows from operating activities: | ||
Net income | $ 6,281 | $ 6,261 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Investment securities amortization, net | 607 | 756 |
Equity in trust | (9) | (7) |
Depreciation and amortization | 2,126 | 1,984 |
Valuation adjustment for loan servicing rights | (4) | |
Stock-based compensation expense | 215 | 234 |
Provision for loan and lease losses | 2,749 | 486 |
Valuation adjustment for off-balance sheet commitments | (111) | 23 |
Net loss (gain) on the sale of available-for-sale securities | 4 | (1,338) |
Net loss on equity securities | 34 | |
Net gain on the sale of mortgage loans held for sale | (171) | (241) |
Net gain on the sale of SBA guaranteed loans | (322) | (79) |
Net gain on the sale of other real estate owned | (31) | (57) |
Valuation adjustment of other real estate owned | 89 | 307 |
Net gain on the sale of other repossessed assets | (47) | |
Loss on the disposition of bank premises and equipment | 44 | 63 |
Income from bank-owned life insurance | (413) | (399) |
Proceeds from the sale of mortgage loans held for sale | 7,904 | 10,216 |
Funds used to originate mortgage loans held for sale | (7,576) | (9,526) |
Decrease in net deferred tax assets | 1,316 | 2,507 |
Increase in accrued interest receivable | (827) | (446) |
Decrease (increase) in prepaid expenses and other assets | 1,311 | (1,733) |
Increase in accrued interest payable | 77 | 2 |
Decrease in director indemnification liability | (2,553) | |
Decrease in accrued expenses and other liabilities | (177) | (1,552) |
Total adjustments | 4,286 | 1,149 |
Net cash provided by operating activities | 10,567 | 7,410 |
Cash flows from investing activities: | ||
Maturities, calls and principal payments of debt securities available for sale | 4,675 | 5,655 |
Proceeds from the sale of debt securities available for sale | 4,559 | 130,972 |
Purchases of debt securities available for sale | (18,280) | (133,524) |
(Purchase) redemption of the stock in Federal Home Loan Bank of Pittsburgh | (570) | 861 |
Net increase in loans to customers | (102,370) | (30,068) |
Proceeds from the sale of SBA guaranteed loans | 6,032 | 979 |
Proceeds from the sale of other real estate owned | 470 | 820 |
Proceeds from the sale of other repossessed assets | 280 | |
Purchases of bank premises and equipment | (4,818) | (852) |
Net cash used in investing activities | (110,302) | (24,877) |
Cash flows from financing activities: | ||
Net increase (decrease) in deposits | 92,673 | (31,927) |
Proceeds from Federal Home Loan Bank of Pittsburgh advances - term | 73,929 | 34,673 |
Repayment of Federal Home Loan Bank of Pittsburgh advances - term | (72,407) | (47,860) |
Principal reduction on subordinated debentures | (5,000) | |
Proceeds from issuance of common shares, net of discount | 107 | 451 |
Cash dividends paid | (2,016) | (1,505) |
Net cash provided by (used in) financing activities | 92,286 | (51,168) |
Net decrease in cash and cash equivalents | (7,449) | (68,635) |
Cash and cash equivalents at beginning of period | 37,746 | 112,445 |
Cash and cash equivalents at end of period | 30,297 | 43,810 |
Supplemental cash flow information: | ||
Interest | 5,920 | 3,477 |
Income taxes | 23 | 205 |
Other transactions: | ||
Transfer of bank premises and equipment to other real estate owned | 220 | |
Loans transferred to other real estate owned and repossessed assets | 80 | |
Investor loans tranferred to other real estate owned or other assets, net of valuation adjustments | 30 | |
Available-for-sale securities purchased, not settled | $ 6,012 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 9 Months Ended |
Sep. 30, 2018 | |
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 nine September 30, 2018, 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, 2017. |
Note 2 - New Authoritative Acco
Note 2 - New Authoritative Accounting Guidance | 9 Months Ended |
Sep. 30, 2018 | |
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 2016 02, 842 12 2016 02 2016 02 December 15, 2018 January 1, 2019. may January 1, 2019. December 31, 2017, $825 January 1, 2019 ASU 2016 13, 326 not not June 17, 2016, 2016 13 not 2016 13, 2016 13 December 15, 2019, may December 15, 2018, January 1, 2020. 2016 13 not 1 2 3 may 4 5 may ASU 2018 13 820 820, 8: 820 2018 13 December 15, 2019 January 1, 2020 not ASU 2018 15 350 40 2018 15 350 40 2018 15 December 15, 2019 December 15, 2019, January 1, 2020 not Refer to Note 2 2017 10 10 March 31, 2018 June 30, 2018 March 31, 2018 June 30, 2018, |
Note 3 - Securities
Note 3 - Securities | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3. Debt Securities The following tables present the amortized cost, gross unrealized gains and losses, and the fair value of FNCB’s available-for-sale debt securities at September 30, 2018 December 31, 2017: September 30, 2018 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale debt securities: Obligations of state and political subdivisions $ 154,365 $ 4 $ 5,266 $ 149,103 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 36,081 - 1,526 34,555 Collateralized mortgage obligations - commercial 76,129 - 3,670 72,459 Mortgage-backed securities 24,427 15 686 23,756 Corporate debt securities 4,000 - 68 3,932 Asset-backed securities 2,095 - 28 2,067 Negotiable certificates of deposit 2,924 - 16 2,908 Total available-for-sale debt securities $ 300,021 $ 19 $ 11,260 $ 288,780 December 31, 2017 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale debt securities: Obligations of state and political subdivisions $ 146,812 $ 567 $ 1,380 $ 145,999 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 36,100 73 516 35,657 Collateralized mortgage obligations - commercial 76,396 - 978 75,418 Mortgage-backed securities 22,254 174 117 22,311 Corporate debt securities 4,000 58 - 4,058 Asset-backed securities 3,100 3 17 3,086 Negotiable certificates of deposit 2,924 6 - 2,930 Total available-for-sale debt securities $ 291,586 $ 881 $ 3,008 $ 289,459 Except for securities of U.S. government and government-sponsored agencies there were no 10.0% September 30, 2018. At September 30, 2018 December 31, 2017, $282.8 $282.3 The following table presents the maturity information of FNCB’s available-for-sale debt securities at September 30, 2018. may not not September 30, 2018 Amortized Fair (in thousands) Cost Value Amounts maturing in: One year or less $ 743 $ 742 After one year through five years 65,954 64,513 After five years through ten years 90,537 86,843 After ten years 4,055 3,845 Asset-backed securities 2,095 2,067 Collateralized mortgage obligations 112,210 107,014 Mortgage-backed securities 24,427 23,756 Total $ 300,021 $ 288,780 There were no three September 30, 2018. $4.6 nine September 30, 2018, $4 no nine September 30, 2018. Gross proceeds from the sale of available-for-sale debt securities were $54.5 $131.0 three nine September 30, 2017, $0.4 $1.4 $24 $67 three nine September 30, 2017. The following tables present the number, fair value and gross unrealized losses of available-for-sale debt securities with unrealized losses at September 30, 2018 December 31, 2017, September 30, 2018 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 state and political subdivisions 87 $ 100,427 $ 2,589 50 $ 47,601 $ 2,687 137 $ 148,028 $ 5,266 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 6 11,987 279 10 22,568 1,247 16 34,555 1,526 Collateralized mortgage obligations - commercial 5 9,973 425 20 62,485 3,245 25 72,458 3,670 Mortgage-backed securities 5 13,185 153 6 10,054 533 11 23,239 686 Corporate debt securities 3 3,932 68 - - - 3 3,932 68 Asset-backed securities 1 428 3 1 1,640 25 2 2,068 28 Negotiable certificates of deposit 12 2,908 16 - - - 12 2,908 16 Total 119 $ 142,840 $ 3,533 87 $ 144,348 $ 7,737 206 $ 287,188 $ 11,260 December 31, 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 state and political subdivisions 56 $ 65,056 $ 497 26 $ 24,595 $ 883 82 $ 89,651 $ 1,380 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 10 24,686 516 1 53 - 11 24,739 516 Collateralized mortgage obligations - commercial 22 64,344 672 2 10,076 306 24 74,420 978 Mortgage-backed securities 4 8,454 56 2 2,058 61 6 10,512 117 Corporate debt securities - - - - - - - - - Asset-backed securities 1 2,443 17 - - - 1 2,443 17 Negotiable certificates of deposit 1 247 - - - - 1 247 - Total 94 $ 165,230 $ 1,758 31 $ 36,782 $ 1,250 125 $ 202,012 $ 3,008 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 206 September 30, 2018, 137 52 12 two three September 30, 2018 no may September 30, 2018. not not not September 30, 2018. Equity Securities FNCB’s investment in equity securities consists entirely of a mutual fund investment comprised of one four December 31, 2017, $1.0 $82 $918 2016 01, 825 10 January 1, 2018, January 1, 2018, one $65 three nine September 30, 2018, $8 $34 nine September 30, 2018. For the Nine Months Ended September 30, (in thousands) 2018 Net losses recognized on equity securities $ (34 ) Less: net gains (losses) recognized on equity securities sold - Unrealized losses on equity securities held $ (34 ) Restricted Securities The following table presents FNCB’s investment in restricted securities at September 30, 2018 December 31, 2017. September 30, December 31, (in thousands) 2018 2017 Stock in Federal Home Loan Bank of Pittsburgh $ 3,323 $ 2,753 Stock in Atlantic Community Bankers Bank 10 10 Total restricted securities, at cost $ 3,333 $ 2,763 Management noted no September 30, 2018 December 31, 2017. Equity Securities without Readily Determinable Fair Values FNCB owns a $1.7 2017 1933 not not not $1.7 September 30, 2018. third September 30, 2018, not no September 30, 2018. |
Note 4 - Loans
Note 4 - Loans | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4. The following table summarizes loans receivable, net, by category at September 30, 2018 December 31, 2017: September 30, December 31, (in thousands) 2018 2017 Residential real estate $ 165,942 $ 158,020 Commercial real estate 268,979 261,783 Construction, land acquisition and development 19,342 20,981 Commercial and industrial 162,325 150,103 Consumer 184,473 134,653 State and political subdivisions 59,033 42,529 Total loans, gross 860,094 768,069 Unearned income (72 ) (80 ) Net deferred loan costs 4,294 2,654 Allowance for loan and lease losses (9,827 ) (9,034 ) Loans, net $ 854,489 $ 761,609 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 nine September 30, 2018, one four $2.7 $7.7 three nine September 30, 2018 $71 $171 $106 $241 2017. September 30, 2018 December 31, 2017, $0.9 $1.1 one four During the nine September 30, 2018, $5.7 $322 nine September 30, 2018. no three September 30, 2018. three nine September 30, 2017, $0.3 $0.9 $23 $79 three nine September 30, 2017, $109.3 September 30, 2018 $103.0 December 31, 2017. FNCB does not There were no nine September 30, 2018. 2, 2017 10 Management evaluates the credit quality of the loan portfolio on an ongoing basis and performs a formal review of the adequacy of the ALLL on a quarterly basis. This evaluation is inherently subjective, as it requires material estimates that may may may may The following table summarizes activity in the ALLL by loan category for the three nine September 30, 2018 2017: 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 September 30, 2018: Allowance for loan losses: Beginning balance, July 1, 2018 $ 1,201 $ 3,107 $ 251 $ 2,455 $ 2,006 $ 439 $ - $ 9,459 Charge-offs - (719 ) - (5 ) (313 ) - - (1,037 ) Recoveries 5 39 - 58 154 - - 256 Provisions (credits) (39 ) 803 (56 ) 83 273 61 24 1,149 Ending balance, September 30, 2018 $ 1,167 $ 3,230 $ 195 $ 2,591 $ 2,120 $ 500 $ 24 $ 9,827 Three months ended September 30, 2017: Allowance for loan losses: Beginning balance, July 1, 2017 $ 1,148 $ 3,022 $ 236 $ 2,313 $ 1,442 $ 308 $ - $ 8,469 Charge-offs (32 ) (85 ) - (128 ) (132 ) - - (377 ) Recoveries 16 38 - 125 48 - - 227 Provisions (credits) 46 328 41 53 75 - - 543 Ending balance, September 30, 2017 $ 1,178 $ 3,303 $ 277 $ 2,363 $ 1,433 $ 308 $ - $ 8,862 Nine months ended September 30, 2018: Allowance for loan losses: Beginning balance, January 1, 2018 $ 1,236 $ 3,499 $ 209 $ 2,340 $ 1,395 $ 355 $ - $ 9,034 Charge-offs (63 ) (1,845 ) - (86 ) (753 ) - - (2,747 ) Recoveries 132 42 30 205 382 - - 791 Provisions (credits) (138 ) 1,534 (44 ) 132 1,096 145 24 2,749 Ending balance, September 30, 2018 $ 1,167 $ 3,230 $ 195 $ 2,591 $ 2,120 $ 500 $ 24 $ 9,827 Nine months ended September 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 (112 ) (114 ) - (475 ) (438 ) - - (1,139 ) Recoveries 28 43 421 304 300 - - 1,096 Provisions (credits) 91 77 (412 ) 798 114 (182 ) - 486 Ending balance, September 30, 2017 $ 1,178 $ 3,303 $ 277 $ 2,363 $ 1,433 $ 308 $ - $ 8,862 The following table represents the allocation of the ALLL and the related loan balance, by loan category, disaggregated based on the impairment methodology at September 30, 2018 December 31, 2017: Construction, Land State and Residential Commercial Acquisition and Commercial Political (in thousands) Real Estate Real Estate Development and Industrial Consumer Subdivisions Unallocated Total September 30, 2018 Allowance for loan losses: Individually evaluated for impairment $ 16 $ 61 $ - $ 600 $ 2 $ - $ - $ 679 Collectively evaluated for impairment 1,151 3,169 195 1,991 2,118 500 24 9,148 Total $ 1,167 $ 3,230 $ 195 $ 2,591 $ 2,120 $ 500 $ 24 $ 9,827 Loans receivable: Individually evaluated for impairment $ 1,863 $ 9,356 $ 83 $ 751 $ 385 $ - $ - $ 12,438 Collectively evaluated for impairment 164,079 259,623 19,259 161,574 184,088 59,033 - 847,656 Total $ 165,942 $ 268,979 $ 19,342 $ 162,325 $ 184,473 $ 59,033 $ - $ 860,094 December 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ 33 $ 138 $ - $ 600 $ 2 $ - $ - $ 773 Collectively evaluated for impairment 1,203 3,361 209 1,740 1,393 355 - 8,261 Total $ 1,236 $ 3,499 $ 209 $ 2,340 $ 1,395 $ 355 $ - $ 9,034 Loans receivable: Individually evaluated for impairment $ 1,902 $ 8,164 $ 85 $ 795 $ 395 $ - $ - $ 11,341 Collectively evaluated for impairment 156,118 253,619 20,896 149,308 134,258 42,529 - 756,728 Total $ 158,020 $ 261,783 $ 20,981 $ 150,103 $ 134,653 $ 42,529 $ - $ 768,069 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 September 30, 2018 December 31, 2017: Credit Quality Indicators September 30, 2018 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 $ 33,932 $ 379 $ 117 $ - $ - $ 34,428 $ 130,901 $ 613 $ 131,514 $ 165,942 Commercial real estate 256,398 1,897 10,684 - - 268,979 - - - 268,979 Construction, land acquisition and development 16,084 322 759 - - 17,165 2,177 - 2,177 19,342 Commercial and industrial 149,651 4,094 2,238 - - 155,983 6,341 1 6,342 162,325 Consumer 2,245 - - - - 2,245 182,031 197 182,228 184,473 State and political subdivisions 57,456 1,463 65 - - 58,984 49 - 49 59,033 Total $ 515,766 $ 8,155 $ 13,863 $ - $ - $ 537,784 $ 321,499 $ 811 $ 322,310 $ 860,094 Credit Quality Indicators December 31, 2017 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total (in thousands) Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 27,186 $ 421 $ 62 $ - $ - $ 27,669 $ 129,887 $ 464 $ 130,351 $ 158,020 Commercial real estate 245,779 2,461 13,543 - - 261,783 - - - 261,783 Construction, land acquisition and development 18,280 330 6 - - 18,616 2,365 - 2,365 20,981 Commercial and industrial 142,019 479 1,597 - - 144,095 6,008 - 6,008 150,103 Consumer 1,731 - 34 - - 1,765 132,584 304 132,888 134,653 State and political subdivisions 42,040 - 396 - - 42,436 93 - 93 42,529 Total $ 477,035 $ 3,691 $ 15,638 $ - $ - $ 496,364 $ 270,937 $ 768 $ 271,705 $ 768,069 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 $4.4 $2.6 September 30, 2018 December 31, 2017, 90 six no may may 90 no 90 September 30, 2018 December 31, 2017. The following tables present the delinquency status of past due and non-accrual loans at September 30, 2018 December 31, 2017: September 30, 2018 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: Residential real estate $ 164,499 $ 209 $ 613 $ - $ 165,321 Commercial real estate 265,282 268 652 - 266,202 Construction, land acquisition and development 19,342 - - - 19,342 Commercial and industrial 161,491 37 1 - 161,529 Consumer 182,663 1,233 380 - 184,276 State and political subdivisions 59,033 - - - 59,033 Total performing (accruing) loans 852,310 1,747 1,646 - 855,703 Non-accrual loans: Residential real estate 298 - 295 28 621 Commercial real estate 2,070 - - 707 2,777 Construction, land aquisition and development - - - - - Commercial and industrial 717 - 50 29 796 Consumer 99 17 29 52 197 State and political subdivisions - - - - - Total non-accrual loans 3,184 17 374 816 4,391 Total loans receivable $ 855,494 $ 1,764 $ 2,020 $ 816 $ 860,094 December 31, 2017 Delinquency Status 0-29 Days 30-59 Days 60-89 Days >/= 90 Days (in thousands) Past Due Past Due Past Due Past Due Total Performing (accruing) loans: Residential real estate $ 156,701 $ 793 $ - $ - $ 157,494 Commercial real estate 260,276 70 473 - 260,819 Construction, land acquisition and development 20,954 27 - - 20,981 Commercial and industrial 149,046 185 88 - 149,319 Consumer 133,034 1,028 287 - 134,349 State and political subdivisions 42,529 - - - 42,529 Total peforming (accruing) loans 762,540 2,103 848 - 765,491 Non-accrual loans: Residential real estate 342 63 - 120 525 Commercial real estate - - - 964 964 Construction, land acquisition and development - - - - - Commercial and industrial 750 - - 35 785 Consumer 25 92 53 134 304 State and political subdivisions - - - - - Total non-accrual loans 1,117 155 53 1,253 2,578 Total loans receivable $ 763,657 $ 2,258 $ 901 $ 1,253 $ 768,069 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, September 30, 2018 December 31, 2017. $100 not not 450. $100 450 $0.5 September 30, 2018 December 31, 2017. September 30, 2018 Unpaid Recorded Principal Related (in thousands) Recorded Investment Balance Related Allowance With no related allowance recorded: Residential real estate $ 410 $ 469 $ - Commercial real estate 7,075 8,698 - Construction, land acquisition and development 83 83 - Commercial and industrial 15 50 - Consumer 27 28 - State and political subdivisions - - - Total impaired loans with no related allowance recorded 7,610 9,328 - With a related allowance recorded: Residential real estate 1,453 1,453 16 Commercial real estate 2,281 2,281 61 Construction, land acquisition and development - - - Commercial and industrial 736 736 600 Consumer 358 358 2 State and political subdivisions - - - Total impaired loans with a related allowance recorded 4,828 4,828 679 Total impaired loans: Residential real estate 1,863 1,922 16 Commercial real estate 9,356 10,979 61 Construction, land acquisition and development 83 83 - Commercial and industrial 751 786 600 Consumer 385 386 2 State and political subdivisions - - - Total impaired loans $ 12,438 $ 14,156 $ 679 December 31, 2017 Unpaid Recorded Principal Related (in thousands) Investment Balance Allowance With no related allowance recorded: Residential real estate $ 190 $ 216 $ - Commercial real estate 5,174 5,295 - Construction, land acquisition and development 85 85 - Commercial and industrial 21 53 - Consumer 30 30 - State and political subdivisions - - - Total impaired loans with no related allowance recorded 5,500 5,679 - With a related allowance recorded: Residential real estate 1,712 1,751 33 Commercial real estate 2,990 2,990 138 Construction, land acquisition and development - - - Commercial and industrial 774 774 600 Consumer 365 365 2 State and political subdivisions - - - Total impaired loans with a related allowance recorded 5,841 5,880 773 Total impaired loans: Residential real estate 1,902 1,967 33 Commercial real estate 8,164 8,285 138 Construction, land acquisition and development 85 85 - Commercial and industrial 795 827 600 Consumer 395 395 2 State and political subdivisions - - - Total impaired loans $ 11,341 $ 11,559 $ 773 The following table presents the average balance of, and interest income recognized on, impaired loans summarized by loan category for the three nine September 30, 2018 2017: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (in thousands) Average Balance Interest Income (1) Average Balance Interest Income (1) Average Balance Interest Income (1) Average Balance Interest Income (1) Residential real estate $ 1,783 $ 21 $ 1,815 $ 21 $ 1,819 $ 63 $ 1,828 $ 63 Commercial real estate 9,296 79 8,431 82 8,320 231 7,941 194 Construction, land acquisition and development 83 1 86 1 84 3 87 3 Commercial and industrial 752 - 1,212 1 780 1 1,136 15 Consumer 386 5 328 3 389 12 329 9 State and political subdivisions - - - - - - - - Total impaired loans $ 12,300 $ 106 $ 11,872 $ 108 $ 11,392 $ 310 $ 11,321 $ 284 ( 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 $65 $150 three nine September 30, 2018, $50 $116 three nine September 30, 2017, Troubled Debt Restructured Loans TDRs at September 30, 2018 December 31, 2017 $9.3 $10.2 $8.5 $0.8 September 30, 2018, $9.3 $0.9 December 31, 2017. $671 $750 September 30, 2018, December 31, 2017, not September 30, 2018. The modification of the terms of loans classified as TDRs may one There were no three nine September 30, 2018. three nine September 30, 2017. Three Months Ended September 30, 2017 Pre-Modification Outstanding Recorded Investment by Type of Modification (in thousands) Number of Contracts Forebearance Extension of Term Extension of Term and Capitalization of Taxes Extension of Term and Forebearance Total Post-Modification Outstanding Recorded Investment Troubled debt restructurings: Residential real estate - $ - $ - $ - $ - $ - $ - Commercial real estate - - - - - - - Construction, land acquisition and development - - - - - - - Commercial and industrial - - - - - - - Consumer 2 - - 85 - 85 104 States and political subdivisions - - - - - - - Total new troubled debt restructurings 2 $ - $ - $ 85 $ - $ 85 $ 104 Nine Months Ended September 30, 2017 Pre-Modification Outstanding Recorded Investment by Type of Modification (in thousands) Number of Contracts Forebearance Extension of Term Extension of Term and Capitalization of Taxes Extension of Term and Forebearance Total Post-Modification Outstanding Recorded Investment Troubled debt restructurings: Residential real estate 1 $ - $ 63 $ - $ - $ 63 $ 63 Commercial real estate 8 5,250 - - - 5,250 5,250 Construction, land acquisition and development - - - - - - - Commercial and industrial 4 1,820 - - 25 1,845 1,845 Consumer 2 - - 85 - 85 104 States and political subdivisions - - - - - - - Total new troubled debt restructurings 15 $ 7,070 $ 63 $ 85 $ 25 $ 7,243 $ 7,262 There were eight nine September 30, 2017, fifteen three eight $5.3 two four $1.8 nine September 30, 2017. two $85 one $63 one $4.0 seven two $1.2 four $0.3 three $1.8 one There were no 12 90 three nine September 30, 2018. one $10 12 nine September 30, 2017. Residential Real Estate Loan Foreclosures There were four $20 September 30, 2018. three nine September 30, 2018, no one $59 September 30, 2018. There were two $14 September 30, 2017. no three September 30, 2017. nine September 30, 2017, two $125 two nine September 30, 2017, one $30 four $149 September 30, 2017. |
Note 5 - Deposits
Note 5 - Deposits | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 5. The following table presents deposits by major category at September 30, 2018 December 31, 2017: September 30, December 31, (in thousands) 2018 2017 Demand (non-interest-bearing) $ 166,967 $ 176,325 Interest-bearing: Interest-bearing demand 540,208 532,351 Savings 95,590 101,433 Time ($250,000 and over) 55,359 43,807 Other time 236,997 148,532 Total interest-bearing 928,154 826,123 Total deposits $ 1,095,121 $ 1,002,448 Total deposits increased $92.7 $1.095 September 30, 2018 $1.002 December 31, 2017. $102.0 $928.1 September 30, 2018 $826.1 December 31, 2017. $9.3 $167.0 September 30, 2018 $176.3 December 31, 2017. $250 $100.0 $292.3 September 30, 2018 $192.3 December 31, 2017. third 2018. $7.8 $540.2 September 30, 2018 $532.4 December 31, 2017. $5.8 $95.6 September 31, 2018 $101.4 December 31, 2017. |
Note 6 - Borrowed Funds
Note 6 - Borrowed Funds | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 6 . Borrowed Funds Short-term borrowings available to FNCB include overnight FHLB of Pittsburgh advances, federal funds purchased and the Federal Reserve Discount Window, which generally represent overnight or less than 30 FNCB has an agreement with the FHLB of Pittsburgh which allows for borrowings, either overnight or term, up to its maximum borrowing capacity, which is based on a percentage of qualifying loans pledged under a blanket pledge agreement. Loans of $485.7 $448.2 September 30, 2018 December 31, 2017, $340.2 September 30, 2018, $46.5 six five September 30, 2018, $72.0 September 30, December 31, (in thousands) 2018 2017 FHLB of Pittsburgh advances - overnight $ - $ - FHLB of Pittsburgh advances - term 46,490 44,968 Subtotal FHLB of Pittsburgh advances 46,490 44,968 Subordinated debentures 5,000 5,000 Junior subordinated debentures 10,310 10,310 Total borrowed funds $ 61,800 $ 60,278 Advances from the FHLB of Pittsburgh were $46.5 September 30, 2018, $1.5 3.4%, $45.0 December 31, 2017. There have been no nine September 30, 2018. 8 10 December 31, 2017. |
Note 7 - Income Taxes
Note 7 - Income Taxes | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 7 . Income Taxes On December 22, 2017, H.R.1, 2018, 35.0% 21.0% January 1, 2018. 21.0% three nine September 30, 2018 34.0% three nine September 30, 2017: For the Three Months Ended September 30, For the Nine Months Ended September 30, 2018 2017 2018 2017 (in thousands) Amount % Amount % Amount % Amount % Provision at statutory tax rates $ 471 21.00 % $ 1,054 34.00 % $ 1,597 21.00 % $ 2,994 34.00 % Add (deduct): Tax effects of non-taxable income (101 ) (4.52 %) (108 ) (3.48 %) (271 ) (3.57 %) (342 ) (3.88 %) Non-deductible interest expense 4 0.20 % 3 0.11 % 10 0.14 % 9 0.10 % Bank-owned life insurance (30 ) (1.33 %) (44 ) (1.41 %) (87 ) (1.14 %) (136 ) (1.54 %) Other items, net 44 1.99 % (78 ) (2.53 %) 73 0.96 % 18 0.20 % Income tax expense $ 388 17.34 % $ 827 26.69 % $ 1,322 17.39 % $ 2,543 28.88 % FNCB had net deferred tax assets of $16.4 September 30, 2018, $8.5 $40.5 December 31, 2017, $15.8 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 September 30, 2018 not September 30, 2018 December 31, 2017. |
Note 8 - Related Party Transact
Note 8 - Related Party Transactions | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | Note 8 . Related Par ty Transactions 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 nine September 30, 2018 2017: For the Three Months Ended For the Nine Months Ended September 30, September 30, (in thousands) 2018 2017 2018 2017 Balance, beginning of period $ 69,826 $ 41,425 $ 55,576 $ 42,007 Additions, new loans and advances 20,665 30,971 63,780 67,743 Repayments (17,796 ) (6,381 ) (46,661 ) (43,735 ) Balance, end of period $ 72,695 $ 66,015 $ 72,695 $ 66,015 At September 30, 2018, no not Deposits from directors, executive officers and their related parties held by the Bank at September 30, 2018 December 31, 2017 $88.7 $139.2 $50.5 $255 $209 nine September 30, 2018 2017. 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 $0.7 $1.7 three nine September 30, 2018, $1.0 $2.1 2017. Subordinated notes (the “Notes”) held by directors and/or their related parties totaled $3.1 September 30, 2018 December 31, 2017. $36 $106 three nine September 30, 2018, $71 $211 2017. |
Note 9 - Contingencies
Note 9 - Contingencies | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 9 . 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 July 1, 2017, $25,000 April 11, 2018, $2.5 On September 5, 2012, November 9, 2012, August 9, 2017. August 7, 2018, September 6, 2018, November 27, 2018. September 12, 2018 October 31, 2018 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 Except as disclosed in this Note 8 no 10 December 31, 2017. |
Note 10 - Stock Compensation Pl
Note 10 - Stock Compensation Plans | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 10 . Stock Compensation Plans FNCB has a Long-Term Incentive Compensation Plan (“LTIP”) for directors, executive officers and key employees. The LTIP authorizes up to 1,200,000 nine September 30, 2018 2017, 57,829 54,549 September 30, 2018, 921,806 nine September 30, 2018 2017, $215 $234 $745 $539 September 30, 2018 2017, The following table summarizes the activity related to FNCB’s unvested restricted stock awards during the three nine September 30, 2018 2017: Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Weighted- Weighted- Weighted- Weighted- Average Average Average Average Restricted Grant Date Restricted Grant Date Restricted Grant Date Restricted Grant Date (dollars in thousands) Shares Fair Value Shares Fair Value Shares Fair Value Shares Fair Value Unvested, beginning of period 116,321 $ 7.50 106,495 $ 6.24 106,129 $ 6.23 103,874 $ 5.74 Awards granted - - - - 57,829 8.54 54,549 6.83 Forfeitures (737 ) 7.93 (366 ) 6.83 (2,016 ) 7.26 (5,416 ) 5.73 Vestings - - - - (46,358 ) 5.93 (46,878 ) 5.90 Unvested, end of period 115,584 $ 7.49 106,129 $ 6.23 115,584 $ 7.49 106,129 $ 6.23 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 nine September 30, 2018 2017. There have been no nine September 30, 2018. 13 10 December 31, 2017. |
Note 11 - Regulatory Matters_Su
Note 11 - Regulatory Matters/Subsequent Event | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | Note 11 . 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 nine September 30, 2018, $0.04 $0.12 $0.03 $0.09 2017. July 1, 2017, January 2018, three nine September 30, 2018 2,374 15,150, 0 65,240 2017. October 31, 2018, fourth 2018 $0.05 December 17, 2018 December 3, 2018 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 September 30, 2018 December 31, 2017: Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer Minimum Required To Be Well Capitalized Under Prompt Corrective Action Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio September 30, 2018 Total capital (to risk-weighted assets) $ 107,452 11.42 % $ 108,391 11.54 % 8.00 % 9.875 % 10.00 % Tier I capital (to risk-weighted assets) 95,355 10.13 % 98,294 10.47 % 6.00 % 7.875 % 8.00 % Tier I common equity (to risk-weighted assets) 87,364 9.28 % 98,294 10.47 % 4.50 % 6.375 % 6.50 % Tier I capital (to average assets) 95,355 7.66 % 98,294 7.90 % 4.00 % 4.000 % 5.00 % Total risk-weighted assets 941,243 939,140 Total average assets 1,244,894 1,243,459 Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer Minimum Required To Be Well Capitalized Under Prompt Corrective Action Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio December 31, 2017 Total capital (to risk-weighted assets) $ 101,135 12.08 % $ 104,272 12.49 % 8.00 % 9.25 % 10.00 % Tier I capital (to risk-weighted assets) 89,220 10.66 % 94,856 11.36 % 6.00 % 7.25 % 8.00 % Tier I common equity (to risk-weighted assets) 81,493 9.74 % 94,856 11.36 % 4.50 % 5.75 % 6.50 % Tier I capital (to average assets) 89,220 7.74 % 94,856 8.24 % 4.00 % 4.00 % 5.00 % Total risk-weighted assets 837,032 834,959 Total average assets 1,152,776 1,151,539 *Applies to the Bank only. |
Note 12 - Fair Value Measuremen
Note 12 - Fair Value Measurements | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 1 2 . 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 three ● Level 1 ● Level 2 not ● Level 3 not A description of the valuation methodologies used for assets recorded at fair value is set forth below. Available-for-Sale Debt Securities The estimated fair values for FNCB’s investments in obligations of U.S. government agencies, obligations of state and political subdivisions, government-sponsored agency CMOs and mortgage-backed securities, corporate debt securities, asset-backed securities and negotiable certificates of deposit are obtained by FNCB from a nationally-recognized pricing service. This pricing service develops estimated fair values by analyzing like securities and applying available market information through processes such as benchmark curves, benchmarking of like securities, sector groupings and matrix pricing (Level 2 may 2 2 not not 2 For those securities for which the inputs used by an independent pricing service were derived from unobservable market information, FNCB evaluated the appropriateness and quality of each price. Management reviewed the volume and level of activity for all classes of securities and attempted to identify transactions which may not may 3 third At September 30, 2018, three $4.0 $3.9 September 30, 2018 not not third 3 6.56% 7.31% third Equity Securities The estimated fair values of equity securities are determined by obtaining quoted prices on nationally recognized exchanges (Level 1 Assets Measured at Fair Value on a Recurring Basis The following tables present the financial assets that are measured at fair value on a recurring basis at September 30, 2018 December 31, 2017, Fair Value Measurements at September 30, 2018 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 debt securities: Obligations of state and political subdivisions $ 149,103 $ - $ 149,103 $ - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 34,555 - 34,555 - Collateralized mortgage obligations - commercial 72,459 - 72,459 - Mortgage-backed securities 23,756 - 23,756 - Corporate debt securities 3,932 - - 3,932 Asset-backed securities 2,067 - 2,067 - Negotiable certificates of deposit 2,908 - 2,908 - Total available-for-sale debt securities $ 288,780 $ - $ 284,848 $ 3,932 Equity securities: Mutual fund $ 884 $ 884 $ - $ - Fair Value Measurements at December 31, 2017 Significant Significant Quoted Prices Other Other in Active Markets Observable Unobservable for Identical Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale debt securities: Obligations of state and political subdivisions $ 145,999 $ - $ 145,999 $ - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 35,657 - 35,657 - Collateralized mortgage obligations - commercial 75,418 - 75,418 - Mortgage-backed securities 22,311 - 22,311 - Corporate debt securities 4,058 - - 4,058 Asset-backed securities 3,086 - 3,086 - Negotiable certificates of deposit 2,930 - 2,930 - Total available-for-sale debt securities $ 289,459 $ - $ 285,401 $ 4,058 Equity securities: Mutual fund $ 918 $ 918 $ - $ - There were no nine September 30, 2018 2017. The following table presents a reconciliation and statement of operations classifications of gains and losses for all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3 nine September 30, 2018 2017. Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Corporate Debt Securities September 30, (in thousands) 2018 2017 Balance at January 1, $ 4,058 $ 3,339 Additions - 2,000 Payments Received - - Sales - - Total gains or losses (realized/unrealized): Included in earnings - - Included in other comprehensive (loss) income (126 ) 106 Balance at September 30, $ 3,932 $ 5,445 Assets Measured at Fair Value on a Non-Recurring Basis The following tables present assets and liabilities measured at fair value on a non-recurring basis at September 30, 2018 December 31, 2017, 3 September 30, 2018 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 8,001 $ 608 $ 7,393 Appraisal of collateral Selling cost 10.0% Impaired loans - other 4,437 71 4,366 Discounted cash flows Discount rate 3.7% - 7.5% Other real estate owned 495 - 495 Appraisal of collateral Selling cost 10.0% December 31, 2017 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 1,262 $ 636 $ 626 Appraisal of collateral Selling cost 10.0% Impaired loans - other 4,578 137 4,441 Discounted cash flows Discount rate 3.7% - 7.5% Other real estate owned 1,023 - 1,023 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 September 30, 2018 December 31, 2017. not not may During the first 2018, 2016 01 825 10 not September 30, 2018. December 31, 2017 Fair Value September 30, 2018 December 31, 2017 (in thousands) Measurement Carrying Value Fair Value Carrying Value Fair Value Financial assets Cash and short term investments Level 1 $ 30,297 $ 30,297 $ 37,746 $ 37,746 Debt securities available for sale See previous table 288,780 288,780 289,459 289,459 Equity securities Level 1 884 884 918 918 Restricted stock Level 2 3,333 3,333 2,763 2,763 Loans held for sale Level 2 938 938 1,095 1,095 Loans, net Level 3 854,489 833,548 761,609 752,222 Accrued interest receivable Level 2 4,061 4,061 3,234 3,234 Equity securities without readily determinable fair values Level 3 1,658 1,658 1,658 1,658 Servicing rights Level 3 348 893 265 774 Financial liabilities Deposits Level 2 1,095,121 1,092,948 1,002,448 962,586 Borrowed funds Level 2 61,800 61,607 60,278 60,214 Accrued interest payable Level 2 318 318 241 241 |
Note 13 - Earnings Per Share
Note 13 - Earnings Per Share | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 1 3 . Earnings per Share For FNCB, the numerator of both the basic and diluted earnings per share of common stock is net income available to common shareholders. 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 share of common stock for the three nine September 30, 2018 2017: Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except share data) 2018 2017 2018 2017 Net income $ 1,850 $ 2,272 $ 6,281 $ 6,261 Basic weighted-average number of common shares outstanding 16,818,625 16,757,963 16,791,815 16,711,172 Plus: Common share equivalents 19,922 19,708 22,133 17,680 Diluted weighted-average number of common shares outstanding 16,838,547 16,777,671 16,813,948 16,728,852 Income per common share: Basic $ 0.11 $ 0.14 $ 0.37 $ 0.37 Diluted $ 0.11 $ 0.14 $ 0.37 $ 0.37 For the three nine September 30, 2018 2017, 19,200 31,200 nine September 30, 2018 2017, |
Note 14 - Other Comprehensive I
Note 14 - Other Comprehensive Income | 9 Months Ended |
Sep. 30, 2018 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 1 4 . Other Comprehensive Income The following tables summarize the reclassifications out of accumulated other comprehensive income (loss) for the three nine September 30, 2018 2017, Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Amount Reclassifed Affected Line Item Amount Reclassifed Affected Line Item from Accumulated in the Consolidated from Accumulated in the Consolidated Other Comprehensive Statements Other Comprehensive Statements (in thousands) Income (Loss) of Income Income (Loss) of Income Available-for-sale debt securities: Reclassification adjustment for net losses reclassified into net income $ - Net gain (loss) on the sale of available-for-sale securities $ 4 Net gain (loss) on the sale of available-for-sale securities Taxes - Income taxes (1 ) Income taxes Net of tax amount $ - $ 3 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Amount Reclassifed Affected Line Item Amount Reclassifed Affected Line Item from Accumulated in the Consolidated from Accumulated in the Consolidated Other Comprehensive Statements Other Comprehensive Statements (in thousands) Income (Loss) of Income Income (Loss) of Income Available-for-sale debt securities: Reclassification adjustment for net gains reclassified into net income $ (367 ) Net gain (loss) on the sale of available-for-sale securities $ (1,338 ) Net gain (loss) on the sale of available-for-sale securities Taxes 125 Income taxes 455 Income taxes Net of tax amount $ (242 ) $ (883 ) The following table summarizes the changes in accumulated other comprehensive (loss) income, net of tax for the three nine September 30, 2018 2017: Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2018 2017 2018 2017 Balance, beginning of period $ (7,062 ) $ 1,204 $ (1,745 ) $ (1,560 ) Other comprehensive (loss) income before reclassifications (1,819 ) (852 ) (7,204 ) 2,553 Amounts reclassified from accumulated other comprehensive (loss) income - (242 ) 3 (883 ) Net other comprehensive (loss) income during the period (1,819 ) (1,094 ) (7,201 ) 1,670 Reclassification of net loss on equity securities upon adoption of ASU 2016-01 - - 65 - Balance, end of period $ (8,881 ) $ 110 $ (8,881 ) $ 110 |
Note 3 - Securities (Tables)
Note 3 - Securities (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | September 30, 2018 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale debt securities: Obligations of state and political subdivisions $ 154,365 $ 4 $ 5,266 $ 149,103 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 36,081 - 1,526 34,555 Collateralized mortgage obligations - commercial 76,129 - 3,670 72,459 Mortgage-backed securities 24,427 15 686 23,756 Corporate debt securities 4,000 - 68 3,932 Asset-backed securities 2,095 - 28 2,067 Negotiable certificates of deposit 2,924 - 16 2,908 Total available-for-sale debt securities $ 300,021 $ 19 $ 11,260 $ 288,780 December 31, 2017 Gross Gross Unrealized Unrealized Amortized Holding Holding Fair (in thousands) Cost Gains Losses Value Available-for-sale debt securities: Obligations of state and political subdivisions $ 146,812 $ 567 $ 1,380 $ 145,999 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 36,100 73 516 35,657 Collateralized mortgage obligations - commercial 76,396 - 978 75,418 Mortgage-backed securities 22,254 174 117 22,311 Corporate debt securities 4,000 58 - 4,058 Asset-backed securities 3,100 3 17 3,086 Negotiable certificates of deposit 2,924 6 - 2,930 Total available-for-sale debt securities $ 291,586 $ 881 $ 3,008 $ 289,459 |
Investments Classified by Contractual Maturity Date [Table Text Block] | September 30, 2018 Amortized Fair (in thousands) Cost Value Amounts maturing in: One year or less $ 743 $ 742 After one year through five years 65,954 64,513 After five years through ten years 90,537 86,843 After ten years 4,055 3,845 Asset-backed securities 2,095 2,067 Collateralized mortgage obligations 112,210 107,014 Mortgage-backed securities 24,427 23,756 Total $ 300,021 $ 288,780 |
Schedule of Unrealized Loss on Investments [Table Text Block] | September 30, 2018 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 state and political subdivisions 87 $ 100,427 $ 2,589 50 $ 47,601 $ 2,687 137 $ 148,028 $ 5,266 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 6 11,987 279 10 22,568 1,247 16 34,555 1,526 Collateralized mortgage obligations - commercial 5 9,973 425 20 62,485 3,245 25 72,458 3,670 Mortgage-backed securities 5 13,185 153 6 10,054 533 11 23,239 686 Corporate debt securities 3 3,932 68 - - - 3 3,932 68 Asset-backed securities 1 428 3 1 1,640 25 2 2,068 28 Negotiable certificates of deposit 12 2,908 16 - - - 12 2,908 16 Total 119 $ 142,840 $ 3,533 87 $ 144,348 $ 7,737 206 $ 287,188 $ 11,260 December 31, 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 state and political subdivisions 56 $ 65,056 $ 497 26 $ 24,595 $ 883 82 $ 89,651 $ 1,380 U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 10 24,686 516 1 53 - 11 24,739 516 Collateralized mortgage obligations - commercial 22 64,344 672 2 10,076 306 24 74,420 978 Mortgage-backed securities 4 8,454 56 2 2,058 61 6 10,512 117 Corporate debt securities - - - - - - - - - Asset-backed securities 1 2,443 17 - - - 1 2,443 17 Negotiable certificates of deposit 1 247 - - - - 1 247 - Total 94 $ 165,230 $ 1,758 31 $ 36,782 $ 1,250 125 $ 202,012 $ 3,008 |
Gain (Loss) on Securities [Table Text Block] | For the Nine Months Ended September 30, (in thousands) 2018 Net losses recognized on equity securities $ (34 ) Less: net gains (losses) recognized on equity securities sold - Unrealized losses on equity securities held $ (34 ) |
Investment [Table Text Block] | September 30, December 31, (in thousands) 2018 2017 Stock in Federal Home Loan Bank of Pittsburgh $ 3,323 $ 2,753 Stock in Atlantic Community Bankers Bank 10 10 Total restricted securities, at cost $ 3,333 $ 2,763 |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, December 31, (in thousands) 2018 2017 Residential real estate $ 165,942 $ 158,020 Commercial real estate 268,979 261,783 Construction, land acquisition and development 19,342 20,981 Commercial and industrial 162,325 150,103 Consumer 184,473 134,653 State and political subdivisions 59,033 42,529 Total loans, gross 860,094 768,069 Unearned income (72 ) (80 ) Net deferred loan costs 4,294 2,654 Allowance for loan and lease losses (9,827 ) (9,034 ) Loans, net $ 854,489 $ 761,609 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | 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 September 30, 2018: Allowance for loan losses: Beginning balance, July 1, 2018 $ 1,201 $ 3,107 $ 251 $ 2,455 $ 2,006 $ 439 $ - $ 9,459 Charge-offs - (719 ) - (5 ) (313 ) - - (1,037 ) Recoveries 5 39 - 58 154 - - 256 Provisions (credits) (39 ) 803 (56 ) 83 273 61 24 1,149 Ending balance, September 30, 2018 $ 1,167 $ 3,230 $ 195 $ 2,591 $ 2,120 $ 500 $ 24 $ 9,827 Three months ended September 30, 2017: Allowance for loan losses: Beginning balance, July 1, 2017 $ 1,148 $ 3,022 $ 236 $ 2,313 $ 1,442 $ 308 $ - $ 8,469 Charge-offs (32 ) (85 ) - (128 ) (132 ) - - (377 ) Recoveries 16 38 - 125 48 - - 227 Provisions (credits) 46 328 41 53 75 - - 543 Ending balance, September 30, 2017 $ 1,178 $ 3,303 $ 277 $ 2,363 $ 1,433 $ 308 $ - $ 8,862 Nine months ended September 30, 2018: Allowance for loan losses: Beginning balance, January 1, 2018 $ 1,236 $ 3,499 $ 209 $ 2,340 $ 1,395 $ 355 $ - $ 9,034 Charge-offs (63 ) (1,845 ) - (86 ) (753 ) - - (2,747 ) Recoveries 132 42 30 205 382 - - 791 Provisions (credits) (138 ) 1,534 (44 ) 132 1,096 145 24 2,749 Ending balance, September 30, 2018 $ 1,167 $ 3,230 $ 195 $ 2,591 $ 2,120 $ 500 $ 24 $ 9,827 Nine months ended September 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 (112 ) (114 ) - (475 ) (438 ) - - (1,139 ) Recoveries 28 43 421 304 300 - - 1,096 Provisions (credits) 91 77 (412 ) 798 114 (182 ) - 486 Ending balance, September 30, 2017 $ 1,178 $ 3,303 $ 277 $ 2,363 $ 1,433 $ 308 $ - $ 8,862 Construction, Land State and Residential Commercial Acquisition and Commercial Political (in thousands) Real Estate Real Estate Development and Industrial Consumer Subdivisions Unallocated Total September 30, 2018 Allowance for loan losses: Individually evaluated for impairment $ 16 $ 61 $ - $ 600 $ 2 $ - $ - $ 679 Collectively evaluated for impairment 1,151 3,169 195 1,991 2,118 500 24 9,148 Total $ 1,167 $ 3,230 $ 195 $ 2,591 $ 2,120 $ 500 $ 24 $ 9,827 Loans receivable: Individually evaluated for impairment $ 1,863 $ 9,356 $ 83 $ 751 $ 385 $ - $ - $ 12,438 Collectively evaluated for impairment 164,079 259,623 19,259 161,574 184,088 59,033 - 847,656 Total $ 165,942 $ 268,979 $ 19,342 $ 162,325 $ 184,473 $ 59,033 $ - $ 860,094 December 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ 33 $ 138 $ - $ 600 $ 2 $ - $ - $ 773 Collectively evaluated for impairment 1,203 3,361 209 1,740 1,393 355 - 8,261 Total $ 1,236 $ 3,499 $ 209 $ 2,340 $ 1,395 $ 355 $ - $ 9,034 Loans receivable: Individually evaluated for impairment $ 1,902 $ 8,164 $ 85 $ 795 $ 395 $ - $ - $ 11,341 Collectively evaluated for impairment 156,118 253,619 20,896 149,308 134,258 42,529 - 756,728 Total $ 158,020 $ 261,783 $ 20,981 $ 150,103 $ 134,653 $ 42,529 $ - $ 768,069 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Credit Quality Indicators September 30, 2018 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 $ 33,932 $ 379 $ 117 $ - $ - $ 34,428 $ 130,901 $ 613 $ 131,514 $ 165,942 Commercial real estate 256,398 1,897 10,684 - - 268,979 - - - 268,979 Construction, land acquisition and development 16,084 322 759 - - 17,165 2,177 - 2,177 19,342 Commercial and industrial 149,651 4,094 2,238 - - 155,983 6,341 1 6,342 162,325 Consumer 2,245 - - - - 2,245 182,031 197 182,228 184,473 State and political subdivisions 57,456 1,463 65 - - 58,984 49 - 49 59,033 Total $ 515,766 $ 8,155 $ 13,863 $ - $ - $ 537,784 $ 321,499 $ 811 $ 322,310 $ 860,094 Credit Quality Indicators December 31, 2017 Commercial Loans Other Loans Special Subtotal Accruing Non-accrual Subtotal Total (in thousands) Pass Mention Substandard Doubtful Loss Commercial Loans Loans Other Loans Residential real estate $ 27,186 $ 421 $ 62 $ - $ - $ 27,669 $ 129,887 $ 464 $ 130,351 $ 158,020 Commercial real estate 245,779 2,461 13,543 - - 261,783 - - - 261,783 Construction, land acquisition and development 18,280 330 6 - - 18,616 2,365 - 2,365 20,981 Commercial and industrial 142,019 479 1,597 - - 144,095 6,008 - 6,008 150,103 Consumer 1,731 - 34 - - 1,765 132,584 304 132,888 134,653 State and political subdivisions 42,040 - 396 - - 42,436 93 - 93 42,529 Total $ 477,035 $ 3,691 $ 15,638 $ - $ - $ 496,364 $ 270,937 $ 768 $ 271,705 $ 768,069 |
Past Due Financing Receivables [Table Text Block] | September 30, 2018 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: Residential real estate $ 164,499 $ 209 $ 613 $ - $ 165,321 Commercial real estate 265,282 268 652 - 266,202 Construction, land acquisition and development 19,342 - - - 19,342 Commercial and industrial 161,491 37 1 - 161,529 Consumer 182,663 1,233 380 - 184,276 State and political subdivisions 59,033 - - - 59,033 Total performing (accruing) loans 852,310 1,747 1,646 - 855,703 Non-accrual loans: Residential real estate 298 - 295 28 621 Commercial real estate 2,070 - - 707 2,777 Construction, land aquisition and development - - - - - Commercial and industrial 717 - 50 29 796 Consumer 99 17 29 52 197 State and political subdivisions - - - - - Total non-accrual loans 3,184 17 374 816 4,391 Total loans receivable $ 855,494 $ 1,764 $ 2,020 $ 816 $ 860,094 December 31, 2017 Delinquency Status 0-29 Days 30-59 Days 60-89 Days >/= 90 Days (in thousands) Past Due Past Due Past Due Past Due Total Performing (accruing) loans: Residential real estate $ 156,701 $ 793 $ - $ - $ 157,494 Commercial real estate 260,276 70 473 - 260,819 Construction, land acquisition and development 20,954 27 - - 20,981 Commercial and industrial 149,046 185 88 - 149,319 Consumer 133,034 1,028 287 - 134,349 State and political subdivisions 42,529 - - - 42,529 Total peforming (accruing) loans 762,540 2,103 848 - 765,491 Non-accrual loans: Residential real estate 342 63 - 120 525 Commercial real estate - - - 964 964 Construction, land acquisition and development - - - - - Commercial and industrial 750 - - 35 785 Consumer 25 92 53 134 304 State and political subdivisions - - - - - Total non-accrual loans 1,117 155 53 1,253 2,578 Total loans receivable $ 763,657 $ 2,258 $ 901 $ 1,253 $ 768,069 |
Impaired Financing Receivables [Table Text Block] | September 30, 2018 Unpaid Recorded Principal Related (in thousands) Recorded Investment Balance Related Allowance With no related allowance recorded: Residential real estate $ 410 $ 469 $ - Commercial real estate 7,075 8,698 - Construction, land acquisition and development 83 83 - Commercial and industrial 15 50 - Consumer 27 28 - State and political subdivisions - - - Total impaired loans with no related allowance recorded 7,610 9,328 - With a related allowance recorded: Residential real estate 1,453 1,453 16 Commercial real estate 2,281 2,281 61 Construction, land acquisition and development - - - Commercial and industrial 736 736 600 Consumer 358 358 2 State and political subdivisions - - - Total impaired loans with a related allowance recorded 4,828 4,828 679 Total impaired loans: Residential real estate 1,863 1,922 16 Commercial real estate 9,356 10,979 61 Construction, land acquisition and development 83 83 - Commercial and industrial 751 786 600 Consumer 385 386 2 State and political subdivisions - - - Total impaired loans $ 12,438 $ 14,156 $ 679 December 31, 2017 Unpaid Recorded Principal Related (in thousands) Investment Balance Allowance With no related allowance recorded: Residential real estate $ 190 $ 216 $ - Commercial real estate 5,174 5,295 - Construction, land acquisition and development 85 85 - Commercial and industrial 21 53 - Consumer 30 30 - State and political subdivisions - - - Total impaired loans with no related allowance recorded 5,500 5,679 - With a related allowance recorded: Residential real estate 1,712 1,751 33 Commercial real estate 2,990 2,990 138 Construction, land acquisition and development - - - Commercial and industrial 774 774 600 Consumer 365 365 2 State and political subdivisions - - - Total impaired loans with a related allowance recorded 5,841 5,880 773 Total impaired loans: Residential real estate 1,902 1,967 33 Commercial real estate 8,164 8,285 138 Construction, land acquisition and development 85 85 - Commercial and industrial 795 827 600 Consumer 395 395 2 State and political subdivisions - - - Total impaired loans $ 11,341 $ 11,559 $ 773 |
Schedule of Average Balance and Interest Income on Impaired Loans [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 (in thousands) Average Balance Interest Income (1) Average Balance Interest Income (1) Average Balance Interest Income (1) Average Balance Interest Income (1) Residential real estate $ 1,783 $ 21 $ 1,815 $ 21 $ 1,819 $ 63 $ 1,828 $ 63 Commercial real estate 9,296 79 8,431 82 8,320 231 7,941 194 Construction, land acquisition and development 83 1 86 1 84 3 87 3 Commercial and industrial 752 - 1,212 1 780 1 1,136 15 Consumer 386 5 328 3 389 12 329 9 State and political subdivisions - - - - - - - - Total impaired loans $ 12,300 $ 106 $ 11,872 $ 108 $ 11,392 $ 310 $ 11,321 $ 284 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Three Months Ended September 30, 2017 Pre-Modification Outstanding Recorded Investment by Type of Modification (in thousands) Number of Contracts Forebearance Extension of Term Extension of Term and Capitalization of Taxes Extension of Term and Forebearance Total Post-Modification Outstanding Recorded Investment Troubled debt restructurings: Residential real estate - $ - $ - $ - $ - $ - $ - Commercial real estate - - - - - - - Construction, land acquisition and development - - - - - - - Commercial and industrial - - - - - - - Consumer 2 - - 85 - 85 104 States and political subdivisions - - - - - - - Total new troubled debt restructurings 2 $ - $ - $ 85 $ - $ 85 $ 104 Nine Months Ended September 30, 2017 Pre-Modification Outstanding Recorded Investment by Type of Modification (in thousands) Number of Contracts Forebearance Extension of Term Extension of Term and Capitalization of Taxes Extension of Term and Forebearance Total Post-Modification Outstanding Recorded Investment Troubled debt restructurings: Residential real estate 1 $ - $ 63 $ - $ - $ 63 $ 63 Commercial real estate 8 5,250 - - - 5,250 5,250 Construction, land acquisition and development - - - - - - - Commercial and industrial 4 1,820 - - 25 1,845 1,845 Consumer 2 - - 85 - 85 104 States and political subdivisions - - - - - - - Total new troubled debt restructurings 15 $ 7,070 $ 63 $ 85 $ 25 $ 7,243 $ 7,262 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | September 30, December 31, (in thousands) 2018 2017 Demand (non-interest-bearing) $ 166,967 $ 176,325 Interest-bearing: Interest-bearing demand 540,208 532,351 Savings 95,590 101,433 Time ($250,000 and over) 55,359 43,807 Other time 236,997 148,532 Total interest-bearing 928,154 826,123 Total deposits $ 1,095,121 $ 1,002,448 |
Note 6 - Borrowed Funds (Tables
Note 6 - Borrowed Funds (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | September 30, December 31, (in thousands) 2018 2017 FHLB of Pittsburgh advances - overnight $ - $ - FHLB of Pittsburgh advances - term 46,490 44,968 Subtotal FHLB of Pittsburgh advances 46,490 44,968 Subordinated debentures 5,000 5,000 Junior subordinated debentures 10,310 10,310 Total borrowed funds $ 61,800 $ 60,278 |
Note 7 - Income Taxes (Tables)
Note 7 - Income Taxes (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | For the Three Months Ended September 30, For the Nine Months Ended September 30, 2018 2017 2018 2017 (in thousands) Amount % Amount % Amount % Amount % Provision at statutory tax rates $ 471 21.00 % $ 1,054 34.00 % $ 1,597 21.00 % $ 2,994 34.00 % Add (deduct): Tax effects of non-taxable income (101 ) (4.52 %) (108 ) (3.48 %) (271 ) (3.57 %) (342 ) (3.88 %) Non-deductible interest expense 4 0.20 % 3 0.11 % 10 0.14 % 9 0.10 % Bank-owned life insurance (30 ) (1.33 %) (44 ) (1.41 %) (87 ) (1.14 %) (136 ) (1.54 %) Other items, net 44 1.99 % (78 ) (2.53 %) 73 0.96 % 18 0.20 % Income tax expense $ 388 17.34 % $ 827 26.69 % $ 1,322 17.39 % $ 2,543 28.88 % |
Note 8 - Related Party Transa_2
Note 8 - Related Party Transactions (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | For the Three Months Ended For the Nine Months Ended September 30, September 30, (in thousands) 2018 2017 2018 2017 Balance, beginning of period $ 69,826 $ 41,425 $ 55,576 $ 42,007 Additions, new loans and advances 20,665 30,971 63,780 67,743 Repayments (17,796 ) (6,381 ) (46,661 ) (43,735 ) Balance, end of period $ 72,695 $ 66,015 $ 72,695 $ 66,015 |
Note 10 - Stock Compensation _2
Note 10 - Stock Compensation Plans (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | Three Months Ended September 30, Nine Months Ended September 30, 2018 2017 2018 2017 Weighted- Weighted- Weighted- Weighted- Average Average Average Average Restricted Grant Date Restricted Grant Date Restricted Grant Date Restricted Grant Date (dollars in thousands) Shares Fair Value Shares Fair Value Shares Fair Value Shares Fair Value Unvested, beginning of period 116,321 $ 7.50 106,495 $ 6.24 106,129 $ 6.23 103,874 $ 5.74 Awards granted - - - - 57,829 8.54 54,549 6.83 Forfeitures (737 ) 7.93 (366 ) 6.83 (2,016 ) 7.26 (5,416 ) 5.73 Vestings - - - - (46,358 ) 5.93 (46,878 ) 5.90 Unvested, end of period 115,584 $ 7.49 106,129 $ 6.23 115,584 $ 7.49 106,129 $ 6.23 |
Note 11 - Regulatory Matters__2
Note 11 - Regulatory Matters/Subsequent Event (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
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 Required To Be Well Capitalized Under Prompt Corrective Action Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio September 30, 2018 Total capital (to risk-weighted assets) $ 107,452 11.42 % $ 108,391 11.54 % 8.00 % 9.875 % 10.00 % Tier I capital (to risk-weighted assets) 95,355 10.13 % 98,294 10.47 % 6.00 % 7.875 % 8.00 % Tier I common equity (to risk-weighted assets) 87,364 9.28 % 98,294 10.47 % 4.50 % 6.375 % 6.50 % Tier I capital (to average assets) 95,355 7.66 % 98,294 7.90 % 4.00 % 4.000 % 5.00 % Total risk-weighted assets 941,243 939,140 Total average assets 1,244,894 1,243,459 Consolidated Bank Only Minimum Required For Capital Adequacy Purposes Minimum Required For Capital Adequacy Purposes with Conservation Buffer Minimum Required To Be Well Capitalized Under Prompt Corrective Action Regulations* (in thousands) Amount Ratio Amount Ratio Ratio Ratio Ratio December 31, 2017 Total capital (to risk-weighted assets) $ 101,135 12.08 % $ 104,272 12.49 % 8.00 % 9.25 % 10.00 % Tier I capital (to risk-weighted assets) 89,220 10.66 % 94,856 11.36 % 6.00 % 7.25 % 8.00 % Tier I common equity (to risk-weighted assets) 81,493 9.74 % 94,856 11.36 % 4.50 % 5.75 % 6.50 % Tier I capital (to average assets) 89,220 7.74 % 94,856 8.24 % 4.00 % 4.00 % 5.00 % Total risk-weighted assets 837,032 834,959 Total average assets 1,152,776 1,151,539 |
Note 12 - Fair Value Measurem_2
Note 12 - Fair Value Measurements (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at September 30, 2018 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 debt securities: Obligations of state and political subdivisions $ 149,103 $ - $ 149,103 $ - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 34,555 - 34,555 - Collateralized mortgage obligations - commercial 72,459 - 72,459 - Mortgage-backed securities 23,756 - 23,756 - Corporate debt securities 3,932 - - 3,932 Asset-backed securities 2,067 - 2,067 - Negotiable certificates of deposit 2,908 - 2,908 - Total available-for-sale debt securities $ 288,780 $ - $ 284,848 $ 3,932 Equity securities: Mutual fund $ 884 $ 884 $ - $ - Fair Value Measurements at December 31, 2017 Significant Significant Quoted Prices Other Other in Active Markets Observable Unobservable for Identical Assets Inputs Inputs (in thousands) Fair Value (Level 1) (Level 2) (Level 3) Available-for-sale debt securities: Obligations of state and political subdivisions $ 145,999 $ - $ 145,999 $ - U.S. government/government-sponsored agencies: Collateralized mortgage obligations - residential 35,657 - 35,657 - Collateralized mortgage obligations - commercial 75,418 - 75,418 - Mortgage-backed securities 22,311 - 22,311 - Corporate debt securities 4,058 - - 4,058 Asset-backed securities 3,086 - 3,086 - Negotiable certificates of deposit 2,930 - 2,930 - Total available-for-sale debt securities $ 289,459 $ - $ 285,401 $ 4,058 Equity securities: Mutual fund $ 918 $ 918 $ - $ - |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Corporate Debt Securities September 30, (in thousands) 2018 2017 Balance at January 1, $ 4,058 $ 3,339 Additions - 2,000 Payments Received - - Sales - - Total gains or losses (realized/unrealized): Included in earnings - - Included in other comprehensive (loss) income (126 ) 106 Balance at September 30, $ 3,932 $ 5,445 |
Fair Value Measurements, Nonrecurring [Table Text Block] | September 30, 2018 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 8,001 $ 608 $ 7,393 Appraisal of collateral Selling cost 10.0% Impaired loans - other 4,437 71 4,366 Discounted cash flows Discount rate 3.7% - 7.5% Other real estate owned 495 - 495 Appraisal of collateral Selling cost 10.0% December 31, 2017 Fair Value Measurement Quantitative Information Recorded Valuation Fair Valuation Unobservable Value/ (in thousands) Investment Allowance Value Technique Inputs Range Impaired loans - collateral dependent $ 1,262 $ 636 $ 626 Appraisal of collateral Selling cost 10.0% Impaired loans - other 4,578 137 4,441 Discounted cash flows Discount rate 3.7% - 7.5% Other real estate owned 1,023 - 1,023 Appraisal of collateral Selling cost 10.0% |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value September 30, 2018 December 31, 2017 (in thousands) Measurement Carrying Value Fair Value Carrying Value Fair Value Financial assets Cash and short term investments Level 1 $ 30,297 $ 30,297 $ 37,746 $ 37,746 Debt securities available for sale See previous table 288,780 288,780 289,459 289,459 Equity securities Level 1 884 884 918 918 Restricted stock Level 2 3,333 3,333 2,763 2,763 Loans held for sale Level 2 938 938 1,095 1,095 Loans, net Level 3 854,489 833,548 761,609 752,222 Accrued interest receivable Level 2 4,061 4,061 3,234 3,234 Equity securities without readily determinable fair values Level 3 1,658 1,658 1,658 1,658 Servicing rights Level 3 348 893 265 774 Financial liabilities Deposits Level 2 1,095,121 1,092,948 1,002,448 962,586 Borrowed funds Level 2 61,800 61,607 60,278 60,214 Accrued interest payable Level 2 318 318 241 241 |
Note 13 - Earnings Per Share (T
Note 13 - Earnings Per Share (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, (in thousands, except share data) 2018 2017 2018 2017 Net income $ 1,850 $ 2,272 $ 6,281 $ 6,261 Basic weighted-average number of common shares outstanding 16,818,625 16,757,963 16,791,815 16,711,172 Plus: Common share equivalents 19,922 19,708 22,133 17,680 Diluted weighted-average number of common shares outstanding 16,838,547 16,777,671 16,813,948 16,728,852 Income per common share: Basic $ 0.11 $ 0.14 $ 0.37 $ 0.37 Diluted $ 0.11 $ 0.14 $ 0.37 $ 0.37 |
Note 14 - Other Comprehensive_2
Note 14 - Other Comprehensive Income (Tables) | 9 Months Ended |
Sep. 30, 2018 | |
Notes Tables | |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Amount Reclassifed Affected Line Item Amount Reclassifed Affected Line Item from Accumulated in the Consolidated from Accumulated in the Consolidated Other Comprehensive Statements Other Comprehensive Statements (in thousands) Income (Loss) of Income Income (Loss) of Income Available-for-sale debt securities: Reclassification adjustment for net losses reclassified into net income $ - Net gain (loss) on the sale of available-for-sale securities $ 4 Net gain (loss) on the sale of available-for-sale securities Taxes - Income taxes (1 ) Income taxes Net of tax amount $ - $ 3 Three Months Ended September 30, 2017 Nine Months Ended September 30, 2017 Amount Reclassifed Affected Line Item Amount Reclassifed Affected Line Item from Accumulated in the Consolidated from Accumulated in the Consolidated Other Comprehensive Statements Other Comprehensive Statements (in thousands) Income (Loss) of Income Income (Loss) of Income Available-for-sale debt securities: Reclassification adjustment for net gains reclassified into net income $ (367 ) Net gain (loss) on the sale of available-for-sale securities $ (1,338 ) Net gain (loss) on the sale of available-for-sale securities Taxes 125 Income taxes 455 Income taxes Net of tax amount $ (242 ) $ (883 ) |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2018 2017 2018 2017 Balance, beginning of period $ (7,062 ) $ 1,204 $ (1,745 ) $ (1,560 ) Other comprehensive (loss) income before reclassifications (1,819 ) (852 ) (7,204 ) 2,553 Amounts reclassified from accumulated other comprehensive (loss) income - (242 ) 3 (883 ) Net other comprehensive (loss) income during the period (1,819 ) (1,094 ) (7,201 ) 1,670 Reclassification of net loss on equity securities upon adoption of ASU 2016-01 - - 65 - Balance, end of period $ (8,881 ) $ 110 $ (8,881 ) $ 110 |
Note 2 - New Authoritative Ac_2
Note 2 - New Authoritative Accounting Guidance (Details Textual) $ in Thousands | Jan. 01, 2019USD ($) |
Scenario, Forecast [Member] | |
Operating Leases, Future Minimum Payments Due, Total | $ 825 |
Note 3 - Securities (Details Te
Note 3 - Securities (Details Textual) $ in Thousands | Jan. 01, 2018USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) |
Security Owned and Pledged as Collateral, Fair Value, Total | $ 282,800 | $ 282,800 | $ 282,300 | |||
Proceeds from Sale of Available-for-sale Securities, Total | $ 0 | $ 54,500 | 4,600 | $ 131,000 | ||
Available-for-sale Securities, Gross Realized Losses | 24 | 4 | 67 | |||
Available-for-sale Securities, Gross Realized Gains | 400 | $ 0 | 1,400 | |||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 206 | 206 | 125 | |||
Other than Temporary Impairment Losses, Investments, Total | $ 0 | |||||
Available-for-sale Equity Securities, Amortized Cost Basis, Total | $ 1,000 | |||||
Available-for-sale Equity Securities, Gross Unrealized Loss | 82 | |||||
Available-for-sale Securities, Equity Securities | 918 | |||||
Reclassification from Accumulated Other Comprehensive Income to Retained Earnings | ||||||
Equity Securities, FV-NI, Gain (Loss), Total | $ (8) | (34) | ||||
Other Assets [Member] | ||||||
Equity Securities without Readily Determinable Fair Value, Amount | 1,700 | 1,700 | ||||
Federal Home Loan Bank of Pittsburgh [Member] | ||||||
Impairment on Federal Home Loan Bank Stock | $ 0 | 0 | $ 0 | |||
Retained Earnings [Member] | ||||||
Reclassification from Accumulated Other Comprehensive Income to Retained Earnings | $ (65) | |||||
Retained Earnings [Member] | Accounting Standards Update 2016-01 [Member] | ||||||
Reclassification from Accumulated Other Comprehensive Income to Retained Earnings | $ (65) | |||||
US States and Political Subdivisions Debt Securities [Member] | ||||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 137 | 137 | 82 | |||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 52 | 52 | ||||
Negotiable Certificates of Deposit [Member] | ||||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 12 | 12 | 1 | |||
Asset-backed Securities [Member] | ||||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 2 | 2 | 1 | |||
Corporate Debt Securities [Member] | ||||||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 3 | 3 | 0 | |||
Equity Security Without Readily Determinable Fair Value [Member] | ||||||
Other than Temporary Impairment Losses, Investments, Total | $ 0 | |||||
Payments to Acquire Other Investments | $ 1,700 |
Note 3 - Securities - Available
Note 3 - Securities - Available-for-sale Debt Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Available-for-sale debt securities, amortized cost | $ 300,021 | $ 291,586 |
Available-for-sale debt securities, gross unrealized holding gains | 19 | 881 |
Available-for-sale debt securities, gross unrealized holding losses | 11,260 | 3,008 |
Total, fair value | 288,780 | 289,459 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale debt securities, amortized cost | 154,365 | 146,812 |
Available-for-sale debt securities, gross unrealized holding gains | 4 | 567 |
Available-for-sale debt securities, gross unrealized holding losses | 5,266 | 1,380 |
Total, fair value | 149,103 | 145,999 |
Residential Mortgage Backed Securities [Member] | ||
Available-for-sale debt securities, amortized cost | 36,081 | 36,100 |
Available-for-sale debt securities, gross unrealized holding gains | 0 | 73 |
Available-for-sale debt securities, gross unrealized holding losses | 1,526 | 516 |
Total, fair value | 34,555 | 35,657 |
Commercial Mortgage Backed Securities [Member] | ||
Available-for-sale debt securities, amortized cost | 76,129 | 76,396 |
Available-for-sale debt securities, gross unrealized holding gains | 0 | 0 |
Available-for-sale debt securities, gross unrealized holding losses | 3,670 | 978 |
Total, fair value | 72,459 | 75,418 |
Collateralized Mortgage Backed Securities [Member] | ||
Available-for-sale debt securities, amortized cost | 24,427 | 22,254 |
Available-for-sale debt securities, gross unrealized holding gains | 15 | 174 |
Available-for-sale debt securities, gross unrealized holding losses | 686 | 117 |
Total, fair value | 23,756 | 22,311 |
Corporate Debt Securities [Member] | ||
Available-for-sale debt securities, amortized cost | 4,000 | 4,000 |
Available-for-sale debt securities, gross unrealized holding gains | 0 | 58 |
Available-for-sale debt securities, gross unrealized holding losses | 68 | 0 |
Total, fair value | 3,932 | 4,058 |
Asset-backed Securities [Member] | ||
Available-for-sale debt securities, amortized cost | 2,095 | 3,100 |
Available-for-sale debt securities, gross unrealized holding gains | 0 | 3 |
Available-for-sale debt securities, gross unrealized holding losses | 28 | 17 |
Total, fair value | 2,067 | 3,086 |
Negotiable Certificates of Deposit [Member] | ||
Available-for-sale debt securities, amortized cost | 2,924 | 2,924 |
Available-for-sale debt securities, gross unrealized holding gains | 0 | 6 |
Available-for-sale debt securities, gross unrealized holding losses | 16 | 0 |
Total, fair value | $ 2,908 | $ 2,930 |
Note 3 - Securities - Availab_2
Note 3 - Securities - Available-for-sale Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
One year or less, amortized cost | $ 743 | |
One year or less, fair value | 742 | |
After one year through five years, amortized cost | 65,954 | |
After one year through five years, fair value | 64,513 | |
After five years through ten years, amortized cost | 90,537 | |
After five years through ten years, fair value | 86,843 | |
After ten years, amortized cost | 4,055 | |
After ten years, fair value | 3,845 | |
Total, amortized cost | 300,021 | $ 291,586 |
Total, fair value | 288,780 | 289,459 |
Asset-backed Securities [Member] | ||
Securities without a single maturity, amortized cost | 2,095 | |
Securities without a single maturity, fair value | 2,067 | |
Total, amortized cost | 2,095 | 3,100 |
Total, fair value | 2,067 | 3,086 |
Collateralized Mortgage Obligations [Member] | ||
Securities without a single maturity, amortized cost | 112,210 | |
Securities without a single maturity, fair value | 107,014 | |
Collateralized Mortgage Backed Securities [Member] | ||
Securities without a single maturity, amortized cost | 24,427 | |
Securities without a single maturity, fair value | 23,756 | |
Total, amortized cost | 24,427 | 22,254 |
Total, fair value | $ 23,756 | $ 22,311 |
Note 3 - Securities - Availab_3
Note 3 - Securities - Available-for-sale Debt Securities in a Continuous Unrealized Loss Position (Details) $ in Thousands | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Less than 12 months, number of securities | 119 | 94 |
Less than 12 months, fair value | $ 142,840 | $ 165,230 |
Less than 12 months, gross unrealized losses | $ 3,533 | $ 1,758 |
12 months or longer, number of securities | 87 | 31 |
12 months or longer, fair value | $ 144,348 | $ 36,782 |
12 months or longer, gross unrealized losses | $ 7,737 | $ 1,250 |
Total, number of securities | 206 | 125 |
Total, fair value | $ 287,188 | $ 202,012 |
Total, gross unrealized losses | $ 11,260 | $ 3,008 |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, number of securities | 87 | 56 |
Less than 12 months, fair value | $ 100,427 | $ 65,056 |
Less than 12 months, gross unrealized losses | $ 2,589 | $ 497 |
12 months or longer, number of securities | 50 | 26 |
12 months or longer, fair value | $ 47,601 | $ 24,595 |
12 months or longer, gross unrealized losses | $ 2,687 | $ 883 |
Total, number of securities | 137 | 82 |
Total, fair value | $ 148,028 | $ 89,651 |
Total, gross unrealized losses | $ 5,266 | $ 1,380 |
Residential Mortgage Backed Securities [Member] | ||
Less than 12 months, number of securities | 6 | 10 |
Less than 12 months, fair value | $ 11,987 | $ 24,686 |
Less than 12 months, gross unrealized losses | $ 279 | $ 516 |
12 months or longer, number of securities | 10 | 1 |
12 months or longer, fair value | $ 22,568 | $ 53 |
12 months or longer, gross unrealized losses | $ 1,247 | $ 0 |
Total, number of securities | 16 | 11 |
Total, fair value | $ 34,555 | $ 24,739 |
Total, gross unrealized losses | $ 1,526 | $ 516 |
Commercial Mortgage Backed Securities [Member] | ||
Less than 12 months, number of securities | 5 | 22 |
Less than 12 months, fair value | $ 9,973 | $ 64,344 |
Less than 12 months, gross unrealized losses | $ 425 | $ 672 |
12 months or longer, number of securities | 20 | 2 |
12 months or longer, fair value | $ 62,485 | $ 10,076 |
12 months or longer, gross unrealized losses | $ 3,245 | $ 306 |
Total, number of securities | 25 | 24 |
Total, fair value | $ 72,458 | $ 74,420 |
Total, gross unrealized losses | $ 3,670 | $ 978 |
Collateralized Mortgage Backed Securities [Member] | ||
Less than 12 months, number of securities | 5 | 4 |
Less than 12 months, fair value | $ 13,185 | $ 8,454 |
Less than 12 months, gross unrealized losses | $ 153 | $ 56 |
12 months or longer, number of securities | 6 | 2 |
12 months or longer, fair value | $ 10,054 | $ 2,058 |
12 months or longer, gross unrealized losses | $ 533 | $ 61 |
Total, number of securities | 11 | 6 |
Total, fair value | $ 23,239 | $ 10,512 |
Total, gross unrealized losses | $ 686 | $ 117 |
Corporate Debt Securities [Member] | ||
Less than 12 months, number of securities | 3 | 0 |
Less than 12 months, fair value | $ 3,932 | $ 0 |
Less than 12 months, gross unrealized losses | $ 68 | $ 0 |
12 months or longer, number of securities | 0 | 0 |
12 months or longer, fair value | $ 0 | $ 0 |
12 months or longer, gross unrealized losses | $ 0 | $ 0 |
Total, number of securities | 3 | 0 |
Total, fair value | $ 3,932 | $ 0 |
Total, gross unrealized losses | $ 68 | $ 0 |
Asset-backed Securities [Member] | ||
Less than 12 months, number of securities | 1 | 1 |
Less than 12 months, fair value | $ 428 | $ 2,443 |
Less than 12 months, gross unrealized losses | $ 3 | $ 17 |
12 months or longer, number of securities | 1 | 0 |
12 months or longer, fair value | $ 1,640 | $ 0 |
12 months or longer, gross unrealized losses | $ 25 | $ 0 |
Total, number of securities | 2 | 1 |
Total, fair value | $ 2,068 | $ 2,443 |
Total, gross unrealized losses | $ 28 | $ 17 |
Negotiable Certificates of Deposit [Member] | ||
Less than 12 months, number of securities | 12 | 1 |
Less than 12 months, fair value | $ 2,908 | $ 247 |
Less than 12 months, gross unrealized losses | $ 16 | $ 0 |
12 months or longer, number of securities | 0 | 0 |
12 months or longer, fair value | $ 0 | $ 0 |
12 months or longer, gross unrealized losses | $ 0 | $ 0 |
Total, number of securities | 12 | 1 |
Total, fair value | $ 2,908 | $ 247 |
Total, gross unrealized losses | $ 16 | $ 0 |
Note 3 - Securities - Gains and
Note 3 - Securities - Gains and Losses Recognized in Net Income on Equity Securities (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net losses recognized on equity securities | $ (8) | $ (34) | ||
Less: net gains (losses) recognized on equity securities sold | ||||
Unrealized losses on equity securities held | $ (34) |
Note 3 - Securities - Restricte
Note 3 - Securities - Restricted Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Stock in Atlantic Community Bankers Bank | $ 10 | $ 10 |
Restricted stock, at cost | 3,333 | 2,763 |
Federal Home Loan Bank of Pittsburgh [Member] | ||
Stock in Federal Home Loan Bank of Pittsburgh | $ 3,323 | $ 2,753 |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Sep. 30, 2018USD ($) | Sep. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Gain (Loss) on Sales of Loans, Net, Total | $ 71 | $ 106 | $ 171 | $ 241 | |
Financing Receivable, Recorded Investment, Nonaccrual Status | 4,400 | $ 4,400 | $ 2,600 | ||
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 | ||
Evaluated Individually for Impairment, Non-accrued Loans Other Than TDRs, Threshold | 100 | 100 | |||
Financing Receivable, Collectively Evaluated for Impairment | 847,656 | 847,656 | 756,728 | ||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | 65 | $ 50 | 150 | $ 116 | |
Financing Receivable, Modifications, Recorded Investment | 9,300 | 9,300 | 10,200 | ||
Loans and Leases Receivable, Allowance, Ending Balance | 9,827 | 9,827 | 9,034 | ||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 0 | |||
Financing Receivable, Modifications, Number of Contracts | 0 | 2 | 0 | 15 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | |||
Commercial Real Estate Portfolio Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 0 | 8 | |||
Commercial and Industrial [Member] | |||||
Financing Receivable, Collectively Evaluated for Impairment | $ 161,574 | $ 161,574 | 149,308 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 4 | |||
Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Collectively Evaluated for Impairment | $ 184,088 | $ 184,088 | 134,258 | ||
Financing Receivable, Modifications, Number of Contracts | 2 | 2 | |||
Residential Portfolio Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 0 | 1 | |||
Number of Real Estate Properties in Process of Foreclosure | 4 | 2 | 4 | 2 | |
Mortgage Loans in Process of Foreclosure, Amount | $ 20 | $ 14 | $ 20 | $ 14 | |
Number of Real Estate Properties, Foreclosed | 0 | 0 | 0 | 2 | |
Number of Real Estate Properties in OREO | 1 | 4 | 1 | 4 | |
Other Real Estate, Ending Balance | $ 59 | $ 149 | $ 59 | $ 149 | |
Real Estate Investment Property, Foreclosed | $ 125 | ||||
Residential Portfolio Segment [Member] | Investor-owned Real Estate Loan [Member] | |||||
Number of Real Estate Properties, Foreclosed | 1 | ||||
Real Estate Investment Property, Foreclosed | $ 30 | ||||
Construction, Land Acquisition and Development [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 1 | ||||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | $ 10 | ||||
Troubled Debt Restructuring [Member] | |||||
Loans and Leases Receivable, Allowance, Ending Balance | 671 | 671 | 750 | ||
Forbearance [Member] | Commercial Real Estate Portfolio Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 8 | ||||
Financing Receivable, Modifications | $ 5,300 | ||||
Forbearance [Member] | Commercial and Industrial [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 4 | ||||
Financing Receivable, Modifications | $ 1,800 | ||||
Extended Term and Taxes Capitalized [Member] | Consumer Portfolio Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 2 | ||||
Financing Receivable, Modifications | $ 85 | ||||
Extended Maturity [Member] | Residential Portfolio Segment [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 1 | ||||
Financing Receivable, Modifications | $ 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 | ||||
Charge Off [Member] | Commercial and Industrial [Member] | |||||
Financing Receivable, Modifications, Number of Contracts | 3 | ||||
Financing Receivable, Modifications | $ 1,800 | ||||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | 300 | ||||
Nonaccrual Loans [Member] | |||||
Financing Receivable, Collectively Evaluated for Impairment | 500 | 500 | 500 | ||
Performing Financial Instruments [Member] | |||||
Financing Receivable, Modifications, Recorded Investment | 8,500 | 8,500 | 9,300 | ||
Nonperforming Financial Instruments [Member] | |||||
Financing Receivable, Modifications, Recorded Investment | 800 | 800 | 900 | ||
Small Business Administration [Member] | |||||
Gain (Loss) on Sales of Loans, Net, Total | $ 23 | 322 | 79 | ||
Loans Sold During Period, Principal Balance | 0 | 300 | 5,700 | 900 | |
Loans Serviced for Others, Unpaid Principal Balance | 109,300 | 109,300 | 103,000 | ||
One- to Four-family Mortgages [Member] | |||||
Recorded Investment of Mortgage Loans Sold | 2,700 | 7,700 | |||
Gain (Loss) on Sales of Loans, Net, Total | 71 | $ 106 | 171 | $ 241 | |
Loans Receivable Held-for-sale, Net, Not Part of Disposal Group, Mortgage | $ 900 | $ 900 | $ 1,100 |
Note 4 - Loans - Loans Receivab
Note 4 - Loans - Loans Receivable, Net (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans, gross | $ 860,094 | $ 768,069 |
Unearned income | (72) | (80) |
Net deferred loan costs | 4,294 | 2,654 |
Allowance for loan and lease losses | (9,827) | (9,034) |
Loans, net | 854,489 | 761,609 |
Residential Portfolio Segment [Member] | ||
Loans, gross | 165,942 | 158,020 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans, gross | 268,979 | 261,783 |
Construction, Land Acquisition and Development [Member] | ||
Loans, gross | 19,342 | 20,981 |
Commercial and Industrial [Member] | ||
Loans, gross | 162,325 | 150,103 |
Consumer Portfolio Segment [Member] | ||
Loans, gross | 184,473 | 134,653 |
State and Political Subdivisions [Member] | ||
Loans, gross | $ 59,033 | $ 42,529 |
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 | 9 Months Ended | ||||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Dec. 31, 2017 | |
Balance | $ 9,459 | $ 8,469 | $ 9,034 | $ 8,419 | ||
Charge-offs | (1,037) | (377) | (2,747) | (1,139) | ||
Recoveries | 256 | 227 | 791 | 1,096 | ||
Provision for loan and lease losses | 1,149 | 543 | 2,749 | 486 | ||
Balance | 9,827 | 8,862 | 9,827 | 8,862 | ||
Individually evaluated for impairment | $ 679 | $ 773 | ||||
Collectively evaluated for impairment | 9,148 | 8,261 | ||||
Total | 9,459 | 8,469 | 9,827 | 8,862 | 9,827 | 9,034 |
Individually evaluated for impairment | 12,438 | 11,341 | ||||
Collectively evaluated for impairment | 847,656 | 756,728 | ||||
Total | 860,094 | 768,069 | ||||
Residential Portfolio Segment [Member] | ||||||
Total | 165,942 | 158,020 | ||||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||||||
Balance | 1,201 | 1,148 | 1,236 | 1,171 | ||
Charge-offs | 0 | (32) | (63) | (112) | ||
Recoveries | 5 | 16 | 132 | 28 | ||
Provision for loan and lease losses | (39) | 46 | (138) | 91 | ||
Balance | 1,167 | 1,178 | 1,167 | 1,178 | ||
Individually evaluated for impairment | 16 | 33 | ||||
Collectively evaluated for impairment | 1,151 | 1,203 | ||||
Total | 1,201 | 1,148 | 1,167 | 1,178 | 1,167 | 1,236 |
Individually evaluated for impairment | 1,863 | 1,902 | ||||
Collectively evaluated for impairment | 164,079 | 156,118 | ||||
Total | 165,942 | 158,020 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Total | 268,979 | 261,783 | ||||
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||||||
Balance | 3,107 | 3,022 | 3,499 | 3,297 | ||
Charge-offs | (719) | (85) | (1,845) | (114) | ||
Recoveries | 39 | 38 | 42 | 43 | ||
Provision for loan and lease losses | 803 | 328 | 1,534 | 77 | ||
Balance | 3,230 | 3,303 | 3,230 | 3,303 | ||
Individually evaluated for impairment | 61 | 138 | ||||
Collectively evaluated for impairment | 3,169 | 3,361 | ||||
Total | 3,107 | 3,022 | 3,230 | 3,303 | 3,230 | 3,499 |
Individually evaluated for impairment | 9,356 | 8,164 | ||||
Collectively evaluated for impairment | 259,623 | 253,619 | ||||
Total | 268,979 | 261,783 | ||||
Construction, Land Acquisition and Development [Member] | ||||||
Total | 19,342 | 20,981 | ||||
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | ||||||
Balance | 251 | 236 | 209 | 268 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 30 | 421 | ||
Provision for loan and lease losses | (56) | 41 | (44) | (412) | ||
Balance | 195 | 277 | 195 | 277 | ||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 195 | 209 | ||||
Total | 251 | 236 | 195 | 277 | 195 | 209 |
Individually evaluated for impairment | 83 | 85 | ||||
Collectively evaluated for impairment | 19,259 | 20,896 | ||||
Total | 19,342 | 20,981 | ||||
Commercial and Industrial [Member] | ||||||
Balance | 2,455 | 2,313 | 2,340 | 1,736 | ||
Charge-offs | (5) | (128) | (86) | (475) | ||
Recoveries | 58 | 125 | 205 | 304 | ||
Provision for loan and lease losses | 83 | 53 | 132 | 798 | ||
Balance | 2,591 | 2,363 | 2,591 | 2,363 | ||
Individually evaluated for impairment | 600 | 600 | ||||
Collectively evaluated for impairment | 1,991 | 1,740 | ||||
Total | 2,455 | 2,313 | 2,591 | 2,363 | 2,591 | 2,340 |
Individually evaluated for impairment | 751 | 795 | ||||
Collectively evaluated for impairment | 161,574 | 149,308 | ||||
Total | 162,325 | 150,103 | ||||
Consumer Portfolio Segment [Member] | ||||||
Balance | 2,006 | 1,442 | 1,395 | 1,457 | ||
Charge-offs | (313) | (132) | (753) | (438) | ||
Recoveries | 154 | 48 | 382 | 300 | ||
Provision for loan and lease losses | 273 | 75 | 1,096 | 114 | ||
Balance | 2,120 | 1,433 | 2,120 | 1,433 | ||
Individually evaluated for impairment | 2 | 2 | ||||
Collectively evaluated for impairment | 2,118 | 1,393 | ||||
Total | 2,006 | 1,442 | 2,120 | 1,433 | 2,120 | 1,395 |
Individually evaluated for impairment | 385 | 395 | ||||
Collectively evaluated for impairment | 184,088 | 134,258 | ||||
Total | 184,473 | 134,653 | ||||
State and Political Subdivisions [Member] | ||||||
Balance | 439 | 308 | 355 | 490 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Provision for loan and lease losses | 61 | 0 | 145 | (182) | ||
Balance | 500 | 308 | 500 | 308 | ||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 500 | 355 | ||||
Total | 439 | 308 | 500 | 308 | 500 | 355 |
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 59,033 | 42,529 | ||||
Total | 59,033 | 42,529 | ||||
Unallocated Financing Receivables [Member] | ||||||
Balance | 0 | 0 | 0 | 0 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Provision for loan and lease losses | 24 | 0 | 24 | 0 | ||
Balance | 24 | 0 | 24 | 0 | ||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 24 | 0 | ||||
Total | $ 0 | $ 0 | $ 24 | $ 0 | 24 | 0 |
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 0 | 0 | ||||
Total | $ 0 | $ 0 |
Note 4 - Loans - Loans by Credi
Note 4 - Loans - Loans by Credit Quality Indicator (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans | $ 860,094 | $ 768,069 |
Commercial Loans [Member] | ||
Loans | 537,784 | 496,364 |
Accruing Loans [Member] | ||
Loans | 321,499 | 270,937 |
Nonaccrual Loans [Member] | ||
Loans | 811 | 768 |
Subtotal, Other Loans [Member] | ||
Loans | 322,310 | 271,705 |
Pass [Member] | Commercial Loans [Member] | ||
Loans | 515,766 | 477,035 |
Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 8,155 | 3,691 |
Substandard [Member] | Commercial Loans [Member] | ||
Loans | 13,863 | 15,638 |
Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Residential Portfolio Segment [Member] | ||
Loans | 165,942 | 158,020 |
Residential Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 34,428 | 27,669 |
Residential Portfolio Segment [Member] | Accruing Loans [Member] | ||
Loans | 130,901 | 129,887 |
Residential Portfolio Segment [Member] | Nonaccrual Loans [Member] | ||
Loans | 613 | 464 |
Residential Portfolio Segment [Member] | Subtotal, Other Loans [Member] | ||
Loans | 131,514 | 130,351 |
Residential Portfolio Segment [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans | 33,932 | 27,186 |
Residential Portfolio Segment [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 379 | 421 |
Residential Portfolio Segment [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans | 117 | 62 |
Residential Portfolio Segment [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Residential Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans | 268,979 | 261,783 |
Commercial Real Estate Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 268,979 | 261,783 |
Commercial Real Estate Portfolio Segment [Member] | Accruing Loans [Member] | ||
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonaccrual Loans [Member] | ||
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Subtotal, Other Loans [Member] | ||
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans | 256,398 | 245,779 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 1,897 | 2,461 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans | 10,684 | 13,543 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Construction, Land Acquisition and Development [Member] | ||
Loans | 19,342 | 20,981 |
Construction, Land Acquisition and Development [Member] | Commercial Loans [Member] | ||
Loans | 17,165 | 18,616 |
Construction, Land Acquisition and Development [Member] | Accruing Loans [Member] | ||
Loans | 2,177 | 2,365 |
Construction, Land Acquisition and Development [Member] | Nonaccrual Loans [Member] | ||
Loans | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Subtotal, Other Loans [Member] | ||
Loans | 2,177 | 2,365 |
Construction, Land Acquisition and Development [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans | 16,084 | 18,280 |
Construction, Land Acquisition and Development [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 322 | 330 |
Construction, Land Acquisition and Development [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans | 759 | 6 |
Construction, Land Acquisition and Development [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Construction, Land Acquisition and Development [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Commercial and Industrial [Member] | ||
Loans | 162,325 | 150,103 |
Commercial and Industrial [Member] | Commercial Loans [Member] | ||
Loans | 155,983 | 144,095 |
Commercial and Industrial [Member] | Accruing Loans [Member] | ||
Loans | 6,341 | 6,008 |
Commercial and Industrial [Member] | Nonaccrual Loans [Member] | ||
Loans | 1 | 0 |
Commercial and Industrial [Member] | Subtotal, Other Loans [Member] | ||
Loans | 6,342 | 6,008 |
Commercial and Industrial [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans | 149,651 | 142,019 |
Commercial and Industrial [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 4,094 | 479 |
Commercial and Industrial [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans | 2,238 | 1,597 |
Commercial and Industrial [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Commercial and Industrial [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Loans | 184,473 | 134,653 |
Consumer Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 2,245 | 1,765 |
Consumer Portfolio Segment [Member] | Accruing Loans [Member] | ||
Loans | 182,031 | 132,584 |
Consumer Portfolio Segment [Member] | Nonaccrual Loans [Member] | ||
Loans | 197 | 304 |
Consumer Portfolio Segment [Member] | Subtotal, Other Loans [Member] | ||
Loans | 182,228 | 132,888 |
Consumer Portfolio Segment [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans | 2,245 | 1,731 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans | 34 | |
Consumer Portfolio Segment [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
State and Political Subdivisions [Member] | ||
Loans | 59,033 | 42,529 |
State and Political Subdivisions [Member] | Commercial Loans [Member] | ||
Loans | 58,984 | 42,436 |
State and Political Subdivisions [Member] | Accruing Loans [Member] | ||
Loans | 49 | 93 |
State and Political Subdivisions [Member] | Nonaccrual Loans [Member] | ||
Loans | 0 | 0 |
State and Political Subdivisions [Member] | Subtotal, Other Loans [Member] | ||
Loans | 49 | 93 |
State and Political Subdivisions [Member] | Pass [Member] | Commercial Loans [Member] | ||
Loans | 57,456 | 42,040 |
State and Political Subdivisions [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Loans | 1,463 | |
State and Political Subdivisions [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Loans | 65 | 396 |
State and Political Subdivisions [Member] | Doubtful [Member] | Commercial Loans [Member] | ||
Loans | 0 | 0 |
State and Political Subdivisions [Member] | Unlikely to be Collected Financing Receivable [Member] | Commercial Loans [Member] | ||
Loans | $ 0 | $ 0 |
Note 4 - Loans - Performing and
Note 4 - Loans - Performing and Non-performing Loan Delinquency Status (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Loans past due | $ 860,094 | $ 768,069 |
Performing Financial Instruments [Member] | ||
Loans past due | 855,703 | 765,491 |
Nonperforming Financial Instruments [Member] | ||
Loans past due | 4,391 | 2,578 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 165,321 | 157,494 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 621 | 525 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 266,202 | 260,819 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 19,342 | 20,981 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 161,529 | 149,319 |
Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 796 | 785 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 184,276 | 134,349 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 197 | 304 |
State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 59,033 | 42,529 |
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 | 2,777 | 964 |
Financing Receivables, 1 to 29 Days Past Due [Member] | ||
Loans past due | 855,494 | 763,657 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 852,310 | 762,540 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 3,184 | 1,117 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 164,499 | 156,701 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 298 | 342 |
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 | 265,282 | 260,276 |
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 | 19,342 | 20,954 |
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 | 161,491 | 149,046 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 717 | 750 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 182,663 | 133,034 |
Financing Receivables, 1 to 29 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 99 | 25 |
Financing Receivables, 1 to 29 Days Past Due [Member] | State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 59,033 | 42,529 |
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 | 2,070 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans past due | 1,764 | 2,258 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 1,747 | 2,103 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 17 | 155 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 209 | 793 |
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 | 63 |
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 | 268 | 70 |
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 | 27 |
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 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial and Industrial [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 37 | 185 |
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 | 1,233 | 1,028 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 17 | 92 |
Financing Receivables, 30 to 59 Days Past Due [Member] | State and Political Subdivisions [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | State and Political Subdivisions [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans past due | 2,020 | 901 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 1,646 | 848 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 374 | 53 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 613 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 295 | 0 |
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 | 652 | 473 |
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 | |
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 | 1 | 88 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial and Industrial [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 50 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans past due | 380 | 287 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans past due | 29 | 53 |
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 | 816 | 1,253 |
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 | 816 | 1,253 |
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 | 28 | 120 |
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 | 29 | 35 |
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 | 52 | 134 |
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 | $ 707 | $ 964 |
Note 4 - Loans - Impaired Loans
Note 4 - Loans - Impaired Loans (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Recorded investment, with no allowance recorded | $ 7,610 | $ 5,500 |
Unpaid principal balance, with no allowance recorded | 9,328 | 5,679 |
Recorded investment, with a related allowance recorded | 4,828 | 5,841 |
Unpaid principal balance, with a related allowance recorded | 4,828 | 5,880 |
Related Allowance | 679 | 773 |
Recorded Investment | 12,438 | 11,341 |
Unpaid principal balance | 14,156 | 11,559 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Recorded investment, with no allowance recorded | 410 | 190 |
Unpaid principal balance, with no allowance recorded | 469 | 216 |
Recorded investment, with a related allowance recorded | 1,453 | 1,712 |
Unpaid principal balance, with a related allowance recorded | 1,453 | 1,751 |
Related Allowance | 16 | 33 |
Recorded Investment | 1,863 | 1,902 |
Unpaid principal balance | 1,922 | 1,967 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Recorded investment, with no allowance recorded | 7,075 | 5,174 |
Unpaid principal balance, with no allowance recorded | 8,698 | 5,295 |
Recorded investment, with a related allowance recorded | 2,281 | 2,990 |
Unpaid principal balance, with a related allowance recorded | 2,281 | 2,990 |
Related Allowance | 61 | 138 |
Recorded Investment | 9,356 | 8,164 |
Unpaid principal balance | 10,979 | 8,285 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | ||
Recorded investment, with no allowance recorded | 83 | 85 |
Unpaid principal balance, with no allowance recorded | 83 | 85 |
Recorded investment, with a related allowance recorded | 0 | 0 |
Unpaid principal balance, with a related allowance recorded | 0 | 0 |
Related Allowance | 0 | 0 |
Recorded Investment | 83 | 85 |
Unpaid principal balance | 83 | 85 |
Commercial and Industrial [Member] | ||
Recorded investment, with no allowance recorded | 15 | 21 |
Unpaid principal balance, with no allowance recorded | 50 | 53 |
Recorded investment, with a related allowance recorded | 736 | 774 |
Unpaid principal balance, with a related allowance recorded | 736 | 774 |
Related Allowance | 600 | 600 |
Recorded Investment | 751 | 795 |
Unpaid principal balance | 786 | 827 |
Consumer Portfolio Segment [Member] | ||
Recorded investment, with no allowance recorded | 27 | 30 |
Unpaid principal balance, with no allowance recorded | 28 | 30 |
Recorded investment, with a related allowance recorded | 358 | 365 |
Unpaid principal balance, with a related allowance recorded | 358 | 365 |
Related Allowance | 2 | 2 |
Recorded Investment | 385 | 395 |
Unpaid principal balance | 386 | 395 |
State and Political Subdivisions [Member] | ||
Recorded investment, with no allowance recorded | 0 | 0 |
Unpaid principal balance, with no allowance recorded | 0 | 0 |
Recorded investment, with a related allowance recorded | 0 | 0 |
Unpaid principal balance, with a related allowance recorded | 0 | 0 |
Related Allowance | 0 | 0 |
Recorded Investment | 0 | 0 |
Unpaid principal balance | $ 0 | $ 0 |
Note 4 - Loans - Average Balanc
Note 4 - Loans - Average Balance and Interest Income by Loan Category Recognized on Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | ||
Average Balance | $ 12,300 | $ 11,872 | $ 11,392 | $ 11,321 | |
Interest Income | [1] | 106 | 108 | 310 | 284 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||||
Average Balance | 1,783 | 1,815 | 1,819 | 1,828 | |
Interest Income | [1] | 21 | 21 | 63 | 63 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | |||||
Average Balance | 9,296 | 8,431 | 8,320 | 7,941 | |
Interest Income | [1] | 79 | 82 | 231 | 194 |
Construction, Land Acquisition and Development [Member] | Real Estate Loan [Member] | |||||
Average Balance | 83 | 86 | 84 | 87 | |
Interest Income | [1] | 1 | 1 | 3 | 3 |
Commercial and Industrial [Member] | |||||
Average Balance | 752 | 1,212 | 780 | 1,136 | |
Interest Income | [1] | 0 | 1 | 1 | 15 |
Consumer Portfolio Segment [Member] | |||||
Average Balance | 386 | 328 | 389 | 329 | |
Interest Income | [1] | 5 | 3 | 12 | 9 |
State and Political Subdivisions [Member] | |||||
Average Balance | 0 | 0 | 0 | 0 | |
Interest Income | [1] | $ 0 | $ 0 | $ 0 | $ 0 |
[1] | Interest income represents income recognized on accruing TDRs. |
Note 4 - Loans - Loans Modified
Note 4 - Loans - Loans Modified as TDRs (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017USD ($) | Sep. 30, 2018 | Sep. 30, 2017USD ($) | |
Number of contracts | 0 | 2 | 0 | 15 |
Pre-modification outstanding recorded investment | $ 85 | $ 7,243 | ||
Post-modification outstanding recorded investment | 104 | 7,262 | ||
Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 7,070 | ||
Extended Maturity [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 63 | ||
Extension of Term and Capitalization of Taxes [Member] | ||||
Pre-modification outstanding recorded investment | 85 | 85 | ||
Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 0 | $ 25 | ||
Residential Portfolio Segment [Member] | ||||
Number of contracts | 0 | 1 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 63 | ||
Post-modification outstanding recorded investment | 0 | 63 | ||
Residential Portfolio Segment [Member] | Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | 0 | $ 0 | ||
Residential Portfolio Segment [Member] | Extended Maturity [Member] | ||||
Number of contracts | 1 | |||
Pre-modification outstanding recorded investment | 0 | $ 63 | ||
Residential Portfolio Segment [Member] | Extension of Term and Capitalization of Taxes [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Residential Portfolio Segment [Member] | Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Number of contracts | 0 | 8 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 5,250 | ||
Post-modification outstanding recorded investment | 0 | $ 5,250 | ||
Commercial Real Estate Portfolio Segment [Member] | Forbearance [Member] | ||||
Number of contracts | 8 | |||
Pre-modification outstanding recorded investment | 0 | $ 5,250 | ||
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Commercial Real Estate Portfolio Segment [Member] | Extension of Term and Capitalization of Taxes [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
Construction, Land Acquisition and Development [Member] | ||||
Number of contracts | 0 | 0 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
Post-modification outstanding recorded investment | 0 | 0 | ||
Construction, Land Acquisition and Development [Member] | Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Construction, Land Acquisition and Development [Member] | Extended Maturity [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Construction, Land Acquisition and Development [Member] | Extension of Term and Capitalization of Taxes [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Construction, Land Acquisition and Development [Member] | Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
Commercial and Industrial [Member] | ||||
Number of contracts | 0 | 4 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 1,845 | ||
Post-modification outstanding recorded investment | 0 | $ 1,845 | ||
Commercial and Industrial [Member] | Forbearance [Member] | ||||
Number of contracts | 4 | |||
Pre-modification outstanding recorded investment | 0 | $ 1,820 | ||
Commercial and Industrial [Member] | Extended Maturity [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Commercial and Industrial [Member] | Extension of Term and Capitalization of Taxes [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Commercial and Industrial [Member] | Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 0 | $ 25 | ||
Consumer Portfolio Segment [Member] | ||||
Number of contracts | 2 | 2 | ||
Pre-modification outstanding recorded investment | $ 85 | $ 85 | ||
Post-modification outstanding recorded investment | 104 | 104 | ||
Consumer Portfolio Segment [Member] | Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Consumer Portfolio Segment [Member] | Extended Maturity [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
Consumer Portfolio Segment [Member] | Extension of Term and Capitalization of Taxes [Member] | ||||
Pre-modification outstanding recorded investment | 85 | 85 | ||
Consumer Portfolio Segment [Member] | Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
State and Political Subdivisions [Member] | ||||
Number of contracts | 0 | 0 | ||
Pre-modification outstanding recorded investment | $ 0 | $ 0 | ||
Post-modification outstanding recorded investment | 0 | 0 | ||
State and Political Subdivisions [Member] | Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
State and Political Subdivisions [Member] | Extended Maturity [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
State and Political Subdivisions [Member] | Extension of Term and Capitalization of Taxes [Member] | ||||
Pre-modification outstanding recorded investment | 0 | 0 | ||
State and Political Subdivisions [Member] | Extended Maturity and Forbearance [Member] | ||||
Pre-modification outstanding recorded investment | $ 0 | $ 0 |
Note 5 - Deposits (Details Text
Note 5 - Deposits (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Increase (Decrease) in Deposits, Total | $ 92,673 | $ (31,927) | |
Deposits, Total | 1,095,121 | $ 1,002,448 | |
Increase (Decrease) in Interest-bearing Deposit Liabilities | 102,000 | ||
Interest-bearing Deposit Liabilities, Total | 928,154 | 826,123 | |
Increase (Decrease) in Noninterest-bearing Deposit Liabilities | (9,300) | ||
Noninterest-bearing Deposit Liabilities, Total | 166,967 | 176,325 | |
Increase (Decrease) in Time Deposits, Total | 100,000 | ||
Interest-bearing Domestic Deposit, Time Deposits, Total | 292,300 | 192,300 | |
Increase (Decrease) in Demand Deposits | 7,800 | ||
Interest-bearing Domestic Deposit, Demand | 540,200 | 532,400 | |
Increase (Decrease) in Savings Deposits | (5,800) | ||
Interest-bearing Domestic Deposit, Savings | $ 95,600 | $ 101,400 |
Note 5 - Deposits - Summary of
Note 5 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Demand (non-interest-bearing) | $ 166,967 | $ 176,325 |
Interest-bearing demand | 540,208 | 532,351 |
Savings | 95,590 | 101,433 |
Time ($250,000 and over) | 55,359 | 43,807 |
Other time | 236,997 | 148,532 |
Total interest-bearing | 928,154 | 826,123 |
Total deposits | $ 1,095,121 | $ 1,002,448 |
Note 6 - Borrowed Funds (Detail
Note 6 - Borrowed Funds (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Dec. 31, 2017 | |
Advances from Federal Home Loan Banks, Total | $ 46,490 | $ 44,968 |
Federal Home Loan Bank Advances [Member] | Minimum [Member] | ||
Debt Instrument, Term | 180 days | |
Federal Home Loan Bank Advances [Member] | Maximum [Member] | ||
Debt Instrument, Term | 5 years | |
Federal Home Loan Bank of Pittsburgh [Member] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 485,700 | 448,200 |
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | 340,200 | |
Advances from Federal Home Loan Banks, Total | 46,490 | 44,968 |
Letters of Credit Outstanding, Amount | $ 72,000 | |
Increase (Decrease) in Advances from Federal Home Loan Banks, Percent | 3.40% | |
Federal Home Loan Bank of Pittsburgh [Member] | Federal Home Loan Bank Advances [Member] | ||
Debt Instrument, Increase (Decrease), Net, Total | $ 1,500 | |
Federal Home Loan Bank of Pittsburgh [Member] | FHLB of Pittsburgh Advances - Term [Member] | ||
Advances from Federal Home Loan Banks, Total | $ 46,490 | $ 44,968 |
Note 6 - Borrowed Funds - Compo
Note 6 - Borrowed Funds - Components of Borrowed Funds (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Federal Home Loan Bank of Pittsburgh advances | $ 46,490 | $ 44,968 |
Subordinated debentures | 5,000 | 5,000 |
Junior subordinated debentures | 10,310 | 10,310 |
Total borrowed funds | 61,800 | 60,278 |
Federal Home Loan Bank of Pittsburgh [Member] | ||
Federal Home Loan Bank of Pittsburgh advances | 46,490 | 44,968 |
FHLB of Pittsburgh Advances - Overnight [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||
Federal Home Loan Bank of Pittsburgh advances | ||
FHLB of Pittsburgh Advances - Term [Member] | Federal Home Loan Bank of Pittsburgh [Member] | ||
Federal Home Loan Bank of Pittsburgh advances | $ 46,490 | $ 44,968 |
Note 7 - Income Taxes (Details
Note 7 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 34.00% | 21.00% | 34.00% | 35.00% | |
Deferred Tax Assets, Net, Total | $ 16,382 | $ 16,382 | $ 15,785 | |||
Deferred Tax Assets, Operating Loss Carryforwards, Total | 8,500 | 8,500 | ||||
Operating Loss Carryforwards, Total | 40,500 | 40,500 | ||||
Deferred Tax Assets, Valuation Allowance, Total | $ 0 | $ 0 | $ 0 | |||
Scenario, Forecast [Member] | ||||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% |
Note 7 - Income Taxes - Effecti
Note 7 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Provision at statutory tax rates | $ 471 | $ 1,054 | $ 1,597 | $ 2,994 | |
Provision at statutory tax rates, percentage | 21.00% | 34.00% | 21.00% | 34.00% | 35.00% |
Tax effects of non-taxable income | $ (101) | $ (108) | $ (271) | $ (342) | |
Tax effects of non-taxable income, percentage | (4.52%) | (3.48%) | (3.57%) | (3.88%) | |
Non-deductible interest expense | $ 4 | $ 3 | $ 10 | $ 9 | |
Non-deductible interest expense, percentage | 0.20% | 0.11% | 0.14% | 0.10% | |
Bank-owned life insurance | $ (30) | $ (44) | $ (87) | $ (136) | |
Bank-owned life insurance, percentage | (1.33%) | (1.41%) | (1.14%) | (1.54%) | |
Other items, net | $ 44 | $ (78) | $ 73 | $ 18 | |
Other items, net, percentage | 1.99% | (2.53%) | 0.96% | 0.20% | |
Income tax expense | $ 388 | $ 827 | $ 1,322 | $ 2,543 | |
Income tax expense, percentage | 17.34% | 26.69% | 17.39% | 28.88% |
Note 8 - Related Party Transa_3
Note 8 - Related Party Transactions (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017 | |
Related Party Transaction, Interest Paid | $ 36 | $ 71 | $ 106 | $ 211 | |
Directors, Executive Officers and Their Related Parties [Member] | |||||
Related Party Deposit Liabilities | 88,700 | 88,700 | $ 139,200 | ||
Related Party Deposit Liabilities, Increase (Decrease) | (50,500) | ||||
Related Party Transactions, Interest Paid on Deposits | 255 | 209 | |||
Related Party Transaction, Expenses from Transactions with Related Party | 700 | $ 1,000 | 1,700 | $ 2,100 | |
Related Party Transactions, Subordinated Debt | 3,100 | 3,100 | $ 3,100 | ||
Directors, Executive Officers and Their Related Parties [Member] | Nonperforming Financial Instruments [Member] | |||||
Due from Related Parties, Total | $ 0 | $ 0 |
Note 8 - Related Party Transa_4
Note 8 - Related Party Transactions - Related Party Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Balance, beginning of period | $ 69,826 | $ 41,425 | $ 55,576 | $ 42,007 |
Additions, new loans and advances | 20,665 | 30,971 | 63,780 | 67,743 |
Repayments | (17,796) | (6,381) | (46,661) | (43,735) |
Balance, end of period | $ 72,695 | $ 66,015 | $ 72,695 | $ 66,015 |
Note 9 - Contingencies (Details
Note 9 - Contingencies (Details Textual) - USD ($) | Apr. 11, 2018 | Jul. 01, 2017 | Apr. 01, 2014 | Mar. 28, 2014 | Apr. 01, 2014 | Feb. 04, 2014 | Dec. 31, 2013 |
Derivative Liability, Total | $ 5,000,000 | ||||||
Shareholder Derivative Suit [Member] | |||||||
Litigation Settlement, Amount Awarded to Other Party | $ 5,000,000 | ||||||
Accrued Liabilities and Other Liabilities, Total | $ 2,500,000 | ||||||
Litigation Settlement Fees and Costs | $ 2,500,000 | ||||||
Partial Indemnification, Individual Defendants Paid | $ 2,500,000 | $ 2,500,000 | |||||
Litigation Settlement, Monthly Payments | $ 25,000 |
Note 10 - Stock Compensation _3
Note 10 - Stock Compensation Plans (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 57,829 | 54,549 | ||
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 | 921,806 | 921,806 | ||
Allocated Share-based Compensation Expense, Total | $ 215 | $ 234 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total | $ 745 | $ 539 | $ 745 | $ 539 |
Long-Term Incentive Compensation Plan [Member] | Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 57,829 | 54,549 | ||
The 2000 Employee Stock Incentive Plan [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 | 0 | ||
Allocated Share-based Compensation Expense, Total | $ 0 | $ 0 | $ 0 | $ 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | |||
The 2000 Employee Stock Incentive Plan [Member] | Employee Stock Option [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,100,000 | 1,100,000 |
Note 10 - Stock Compensation _4
Note 10 - Stock Compensation Plans - Stock Compensation Plans (Details) - Restricted Stock [Member] - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Unvested, beginning of period (in shares) | 116,321 | 106,495 | 106,129 | 103,874 |
Unvested, beginning of period (in dollars per share) | $ 7.50 | $ 6.24 | $ 6.23 | $ 5.74 |
Awards granted (in shares) | 57,829 | 54,549 | ||
Awards granted, Weighted average grant date fair value (in dollars per share) | $ 8.54 | $ 6.83 | ||
Forfeitures (in shares) | (737) | (366) | (2,016) | (5,416) |
Forfeitures, Weighted average grant date fair value (in dollars per share) | $ 7.93 | $ 6.83 | $ 7.26 | $ 5.73 |
Vestings (in shares) | (46,358) | (46,878) | ||
Vestings, Weighted average grant date fair value (in dollars per share) | $ 5.93 | $ 5.90 | ||
Unvested, end of period (in shares) | 115,584 | 106,129 | 115,584 | 106,129 |
Unvested, end of period (in dollars per share) | $ 7.49 | $ 6.23 | $ 7.49 | $ 6.23 |
Note 11 - Regulatory Matters__3
Note 11 - Regulatory Matters/Subsequent Event (Details Textual) - $ / shares | Oct. 31, 2018 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 |
Common Stock, Dividends, Per Share, Declared | $ 0.04 | $ 0.03 | $ 0.12 | $ 0.09 | |
Stock Issued During Period, Shares, Dividend Reinvestment Plan | 2,374 | 0 | 15,150 | 65,240 | |
Subsequent Event [Member] | |||||
Common Stock, Dividends, Per Share, Declared | $ 0.05 | ||||
Dividends Payable, Date to be Paid | Dec. 17, 2018 | ||||
Dividends Payable, Date of Record | Dec. 3, 2018 |
Note 11 - Regulatory Matters__4
Note 11 - Regulatory Matters/Subsequent Event - Risk-based Capital and Related Ratios (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 | |
Total capital (to risk-weighted assets), Amount | $ 107,452 | $ 101,135 | |
Total capital (to risk-weighted assets), Ratio | 11.42% | 12.08% | |
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 | 9.875% | 9.25% | |
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 | $ 95,355 | $ 89,220 | |
Tier I capital (to risk-weighted assets), Ratio | 10.13% | 10.66% | |
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 | 7.875% | 7.25% | |
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 | $ 87,364 | $ 81,493 | |
Tier I common equity (to risk-weighted assets), Ratio | 9.28% | 9.74% | |
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 | 6.375% | 5.75% | |
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 | $ 95,355 | $ 89,220 | |
Tier I capital (to average assets), Ratio | 7.66% | 7.74% | |
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 | $ 941,243 | $ 837,032 | |
Total average assets, Amount | 1,244,894 | 1,152,776 | |
Subsidiaries [Member] | |||
Total capital (to risk-weighted assets), Amount | $ 108,391 | $ 104,272 | |
Total capital (to risk-weighted assets), Ratio | 11.54% | 12.49% | |
Tier I capital (to risk-weighted assets), Amount | $ 98,294 | $ 94,856 | |
Tier I capital (to risk-weighted assets), Ratio | 10.47% | 11.36% | |
Tier I common equity (to risk-weighted assets), Amount | $ 98,294 | $ 94,856 | |
Tier I common equity (to risk-weighted assets), Ratio | 10.47% | 11.36% | |
Tier I capital (to average assets), Amount | $ 98,294 | $ 94,856 | |
Tier I capital (to average assets), Ratio | 7.90% | 8.24% | |
Total risk-weighted assets, Amount | $ 939,140 | $ 834,959 | |
Total average assets, Amount | $ 1,243,459 | $ 1,151,539 | |
[1] | Applies to the Bank only. |
Note 12 - Fair Value Measurem_3
Note 12 - Fair Value Measurements (Details Textual) $ in Thousands | Sep. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Debt Securities, Available-for-sale, Amortized Cost, Total | $ 300,021 | $ 291,586 |
Debt Securities, Available-for-sale, Total | 288,780 | 289,459 |
Corporate Debt Securities [Member] | ||
Debt Securities, Available-for-sale, Amortized Cost, Total | 4,000 | 4,000 |
Debt Securities, Available-for-sale, Total | $ 3,932 | $ 4,058 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Discount Rate [Member] | Minimum [Member] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.0656 | |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Measurement Input, Discount Rate [Member] | Maximum [Member] | ||
Debt Securities, Available-for-sale, Measurement Input | 0.0731 |
Note 12 - Fair Value Measurem_4
Note 12 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Debt securities available for sale, at fair value | $ 288,780 | $ 289,459 |
Equity securities | 884 | 918 |
US States and Political Subdivisions Debt Securities [Member] | ||
Debt securities available for sale, at fair value | 149,103 | 145,999 |
Collateralized Mortgage Backed Securities [Member] | ||
Debt securities available for sale, at fair value | 23,756 | 22,311 |
Corporate Debt Securities [Member] | ||
Debt securities available for sale, at fair value | 3,932 | 4,058 |
Asset-backed Securities [Member] | ||
Debt securities available for sale, at fair value | 2,067 | 3,086 |
Negotiable Certificates of Deposit [Member] | ||
Debt securities available for sale, at fair value | 2,908 | 2,930 |
Fair Value, Measurements, Recurring [Member] | ||
Debt securities available for sale, at fair value | 288,780 | 289,459 |
Equity securities | 884 | 918 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Equity securities | 884 | 918 |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 284,848 | 285,401 |
Equity securities | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | 3,932 | 4,058 |
Equity securities | ||
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Debt securities available for sale, at fair value | 149,103 | 145,999 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt 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] | ||
Debt securities available for sale, at fair value | 149,103 | 145,999 |
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Residential Mortgage [Member] | ||
Debt securities available for sale, at fair value | 34,555 | 35,657 |
Fair Value, Measurements, Recurring [Member] | Residential Mortgage [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Residential Mortgage [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 34,555 | 35,657 |
Fair Value, Measurements, Recurring [Member] | Residential Mortgage [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Commercial Loan [Member] | ||
Debt securities available for sale, at fair value | 72,459 | 75,418 |
Fair Value, Measurements, Recurring [Member] | Commercial Loan [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Commercial Loan [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 72,459 | 75,418 |
Fair Value, Measurements, Recurring [Member] | Commercial Loan [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | ||
Debt securities available for sale, at fair value | 23,756 | 22,311 |
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 23,756 | 22,311 |
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Debt securities available for sale, at fair value | 3,932 | 4,058 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | 3,932 | 4,058 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | ||
Debt securities available for sale, at fair value | 2,067 | 3,086 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 2,067 | 3,086 |
Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Negotiable Certificates of Deposit [Member] | ||
Debt securities available for sale, at fair value | 2,908 | 2,930 |
Fair Value, Measurements, Recurring [Member] | Negotiable Certificates of Deposit [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Debt securities available for sale, at fair value | ||
Fair Value, Measurements, Recurring [Member] | Negotiable Certificates of Deposit [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt securities available for sale, at fair value | 2,908 | 2,930 |
Fair Value, Measurements, Recurring [Member] | Negotiable Certificates of Deposit [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Debt securities available for sale, at fair value |
Note 12 - Fair Value Measurem_5
Note 12 - Fair Value Measurements - Changes in Fair Value Assets (Details) - Corporate Debt Securities [Member] - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Balance | $ 4,058 | $ 3,339 |
Additions | 2,000 | |
Payments Received | ||
Sales | ||
Included in earnings | ||
Included in other comprehensive (loss) income | (126) | 106 |
Balance | $ 3,932 | $ 5,445 |
Note 12 - Fair Value Measurem_6
Note 12 - Fair Value Measurements - Assets Measured At Fair Value on a Non-recurring Basis and Quantitative Information (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2018 | Dec. 31, 2017 | |
Recorded Investment | $ 12,438 | $ 11,341 |
Related Allowance | 679 | 773 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Valuation, Market Approach [Member] | Impaired Loans, Collateral Dependent [Member] | ||
Recorded Investment | 8,001 | 1,262 |
Related Allowance | 608 | 636 |
Fair Value | $ 7,393 | $ 626 |
Selling Cost | 10.00% | 10.00% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Valuation, Market Approach [Member] | Other Real Estate Owned [Member] | ||
Recorded Investment | $ 495 | $ 1,023 |
Related Allowance | ||
Fair Value | $ 495 | $ 1,023 |
Selling Cost | 10.00% | 10.00% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Valuation, Income Approach [Member] | Impaired Loans, Other [Member] | ||
Recorded Investment | $ 4,437 | $ 4,578 |
Related Allowance | 71 | 137 |
Fair Value | $ 4,366 | $ 4,441 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Valuation, Income Approach [Member] | Impaired Loans, Other [Member] | Minimum [Member] | ||
Discount Rate | 3.70% | 3.70% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Valuation, Income Approach [Member] | Impaired Loans, Other [Member] | Maximum [Member] | ||
Discount Rate | 7.50% | 7.50% |
Note 12 - Fair Value Measurem_7
Note 12 - Fair Value Measurements - Estimated Fair Values of the Company's Financial Information (Details) - USD ($) $ in Thousands | Sep. 30, 2018 | Dec. 31, 2017 |
Financial assets | ||
Debt securities available for sale, at fair value | $ 288,780 | $ 289,459 |
Equity securities | 884 | 918 |
Reported Value Measurement [Member] | ||
Financial assets | ||
Debt securities available for sale, at fair value | 288,780 | 289,459 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets | ||
Cash and short term investments | 30,297 | 37,746 |
Equity securities | 884 | 918 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets | ||
Restricted stock | 3,333 | 2,763 |
Loans held for sale | 938 | 1,095 |
Accrued interest receivable | 4,061 | 3,234 |
Financial liabilities | ||
Deposits | 1,095,121 | 1,002,448 |
Borrowed funds | 61,800 | 60,278 |
Accrued interest payable | 318 | 241 |
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets | ||
Loans, net | 854,489 | 761,609 |
Equity securities without readily determinable fair values | 1,658 | 1,658 |
Servicing rights | 348 | 265 |
Estimate of Fair Value Measurement [Member] | ||
Financial assets | ||
Debt securities available for sale, at fair value | 288,780 | 289,459 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets | ||
Cash and short term investments | 30,297 | 37,746 |
Equity securities | 884 | 918 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets | ||
Restricted stock | 3,333 | 2,763 |
Loans held for sale | 938 | 1,095 |
Accrued interest receivable | 4,061 | 3,234 |
Financial liabilities | ||
Deposits | 1,092,948 | 962,586 |
Borrowed funds | 61,607 | 60,214 |
Accrued interest payable | 318 | 241 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets | ||
Loans, net | 833,548 | 752,222 |
Equity securities without readily determinable fair values | 1,658 | 1,658 |
Servicing rights | $ 893 | $ 774 |
Note 13 - Earnings Per Share (D
Note 13 - Earnings Per Share (Details Textual) - shares | 9 Months Ended | |
Sep. 30, 2018 | Sep. 30, 2017 | |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 19,200 | 31,200 |
Note 13 - Earnings Per Share -
Note 13 - Earnings Per Share - Calculation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Net income | $ 1,850 | $ 2,272 | $ 6,281 | $ 6,261 |
Basic (in shares) | 16,818,625 | 16,757,963 | 16,791,815 | 16,711,172 |
Plus: Common share equivalents (in shares) | 19,922 | 19,708 | 22,133 | 17,680 |
Diluted weighted-average number of common shares outstanding (in shares) | 16,838,547 | 16,777,671 | 16,813,948 | 16,728,852 |
Basic (in dollars per share) | $ 0.11 | $ 0.14 | $ 0.37 | $ 0.37 |
Diluted (in dollars per share) | $ 0.11 | $ 0.14 | $ 0.37 | $ 0.37 |
Note 14 - Other Comprehensive_3
Note 14 - Other Comprehensive Income - Reclassifications Out of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Reclassification adjustment for (gains) losses included in net income | $ (367) | $ 4 | $ (1,338) | |
Income tax expense | 388 | 827 | 1,322 | 2,543 |
Net of tax amount | 242 | (3) | 883 | |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Reclassification adjustment for (gains) losses included in net income | (367) | 4 | (1,338) | |
Income tax expense | 125 | (1) | 455 | |
Net of tax amount | $ (242) | $ 3 | $ (883) |
Note 14 - Other Comprehensive_4
Note 14 - Other Comprehensive Income - Changes in Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | |
Balance, beginning of period | $ 89,191 | $ 90,371 | ||
Total other comprehensive (loss) income | $ (1,819) | $ (1,094) | (7,201) | 1,670 |
Reclassification of net loss on equity securities upon adoption of ASU 2016-01 | ||||
Balance, end of period | 86,577 | 97,482 | 86,577 | 97,482 |
AOCI Attributable to Parent [Member] | ||||
Balance, beginning of period | (7,062) | 1,204 | (1,745) | (1,560) |
Other comprehensive (loss) income before reclassifications | (1,819) | (852) | (7,204) | 2,553 |
Amounts reclassified from accumulated other comprehensive (loss) income | (242) | 3 | (883) | |
Total other comprehensive (loss) income | (1,819) | (1,094) | (7,201) | 1,670 |
Reclassification of net loss on equity securities upon adoption of ASU 2016-01 | 65 | |||
Balance, end of period | $ (8,881) | $ 110 | $ (8,881) | $ 110 |