Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Jul. 29, 2015 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | FIRST CAPITAL INC | |
Trading Symbol | FCAP | |
Document Type | S4 | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 2,759,002 | |
Amendment Flag | true | |
Amendment Description | Amendment No. 1 to the Registration Statement on Form S-4. | |
Entity Central Index Key | 1,070,296 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Period Focus | Q2 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
ASSETS | ||
Cash and due from banks | $ 8,788,000 | $ 13,653,000 |
Interest bearing deposits with banks | 859,000 | 865,000 |
Federal funds sold | 30,000,000 | 18,725,000 |
Total cash and cash equivalents | 39,647,000 | 33,243,000 |
Interest-bearing time deposits | 9,515,000 | 8,270,000 |
Securities available for sale, at fair value | 98,361,000 | 100,226,000 |
Securities-held to maturity | 5,000 | 6,000 |
Loans, net | 298,865,000 | 300,603,000 |
Loans held for sale | 1,673,000 | 1,608,000 |
Federal Home Loan Bank stock, at cost | 1,550,000 | 2,241,000 |
Foreclosed real estate | 567,000 | 78,000 |
Premises and equipment | 10,238,000 | 10,208,000 |
Accrued interest receivable | 1,538,000 | 1,580,000 |
Cash value of life insurance | 6,002,000 | 6,161,000 |
Goodwill | 5,386,000 | 5,386,000 |
Other assets | 3,577,000 | 3,151,000 |
Total Assets | 476,924,000 | 472,761,000 |
Deposits: | ||
Noninterest-bearing | 74,213,000 | 73,042,000 |
Interest-bearing | 342,034,000 | 339,594,000 |
Total deposits | 416,247,000 | 412,636,000 |
Accrued interest payable | 94,000 | 127,000 |
Accrued expenses and other liabilities | 2,169,000 | 2,765,000 |
Total liabilities | 418,510,000 | 415,528,000 |
EQUITY | ||
Preferred stock of $.01 par value per share Authorized 1,000,000 shares; none issued | 0 | 0 |
Common stock of $.01 par value per share Authorized 5,000,000 shares; issued 3,182,916 shares, (3,164,416 in 2014); outstanding 2,759,002 shares, (2,740,502 in 2014) | 32,000 | 32,000 |
Additional paid-in capital | 24,766,000 | 24,313,000 |
Retained earnings-substantially restricted | 41,768,000 | 40,229,000 |
Unearned stock compensation | (415,000) | 0 |
Accumulated other comprehensive income | 411,000 | 800,000 |
Less treasury stock, at cost - 423,914 shares | (8,253,000) | (8,253,000) |
Total First Capital, Inc. stockholders' equity | 58,309,000 | 57,121,000 |
Noncontrolling interest in subsidiary | 105,000 | 112,000 |
Total equity | 58,414,000 | 57,233,000 |
Total Liabilities and Equity | $ 476,924,000 | $ 472,761,000 |
Consolidated Balance Sheets (U3
Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2015 | Dec. 31, 2014 |
Preferred stock par value (in Dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value (in Dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 5,000,000 | 5,000,000 |
Common stock, shares issued | 3,182,916 | 3,164,416 |
Common stock, shares outstanding | 2,759,002 | 2,740,502 |
Treasury stock, shares | 423,914 | 423,914 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Loans, including fees | $ 3,963 | $ 4,036 | $ 7,893 | $ 7,874 | $ 15,937 | $ 15,833 | |||||||
Securities: | |||||||||||||
Taxable | 268 | 303 | 530 | 620 | 1,185 | 1,294 | |||||||
Tax-exempt | 244 | 274 | 490 | 564 | 1,058 | 1,113 | |||||||
Federal Home Loan Bank dividends | 30 | 26 | 52 | 65 | 114 | 99 | |||||||
Federal funds sold and interest bearing deposits with banks | 50 | 24 | 86 | 42 | 105 | 72 | |||||||
Total interest income | 4,555 | $ 4,588 | $ 4,646 | 4,663 | $ 4,502 | $ 4,632 | $ 4,649 | $ 4,554 | $ 4,576 | 9,051 | 9,165 | 18,399 | 18,411 |
INTEREST EXPENSE | |||||||||||||
Deposits | 239 | 291 | 482 | 580 | 1,127 | 1,474 | |||||||
Retail repurchase agreements | 0 | 6 | 0 | 12 | 12 | 28 | |||||||
Advances from Federal Home Loan Bank | 0 | 0 | 0 | 3 | 5 | 151 | |||||||
Total interest expense | 239 | 269 | 280 | 297 | 298 | 347 | 408 | 440 | 458 | 482 | 595 | 1,144 | 1,653 |
Net interest income | 4,316 | 4,319 | 4,366 | 4,366 | 4,204 | 4,285 | 4,241 | 4,114 | 4,118 | 8,569 | 8,570 | 17,255 | 16,758 |
Provision for loan losses | 50 | 0 | 75 | 90 | 25 | 150 | 100 | 225 | 250 | 50 | 115 | 190 | 725 |
Net interest income after provision for loan losses | 4,266 | 4,319 | 4,291 | 4,276 | 4,179 | 4,135 | 4,141 | 3,889 | 3,868 | 8,519 | 8,455 | 17,065 | 16,033 |
NONINTEREST INCOME | |||||||||||||
Service charges on deposit accounts | 856 | 822 | 1,630 | 1,545 | 3,189 | 3,112 | |||||||
Commission income | 85 | 120 | 184 | 198 | 546 | 355 | |||||||
Gain on sale of securities | 0 | 54 | 0 | 54 | 54 | 29 | |||||||
Gain on sale of loans | 178 | 212 | 486 | 319 | 713 | 842 | |||||||
Mortgage brokerage fees | 33 | 9 | 46 | 14 | 45 | 48 | |||||||
Increase in cash surrender value of life insurance | 34 | 40 | 67 | 77 | 150 | 160 | |||||||
Other income | 28 | 30 | 165 | 59 | 239 | 94 | |||||||
Total noninterest income | 1,214 | 1,232 | 1,438 | 1,287 | 979 | 1,079 | 1,211 | 1,188 | 1,162 | 2,578 | 2,266 | 4,936 | 4,640 |
NONINTEREST EXPENSE | |||||||||||||
Compensation and benefits | 1,971 | 1,836 | 3,981 | 3,671 | 7,661 | 7,143 | |||||||
Occupancy and equipment | 312 | 293 | 623 | 612 | 1,198 | 1,166 | |||||||
Data processing | 406 | 397 | 830 | 764 | 1,591 | 1,458 | |||||||
Professional fees | 380 | 153 | 581 | 298 | 721 | 686 | |||||||
Advertising | 79 | 69 | 148 | 133 | 288 | 262 | |||||||
Other operating expenses | 613 | 601 | 1,277 | 1,170 | 2,623 | 2,616 | |||||||
Total noninterest expense | 3,761 | 3,843 | 3,591 | 3,349 | 3,299 | 3,433 | 3,270 | 3,306 | 3,322 | 7,440 | 6,648 | 14,082 | 13,331 |
Income before income taxes | 1,719 | 1,708 | 2,138 | 2,214 | 1,859 | 1,781 | 2,082 | 1,771 | 1,708 | 3,657 | 4,073 | 7,919 | 7,342 |
Income tax expense | 487 | 450 | 611 | 692 | 559 | 534 | 653 | 557 | 511 | 956 | 1,251 | 2,312 | 2,255 |
Net Income | 1,232 | 1,258 | 1,527 | 1,522 | 1,300 | 1,247 | 1,429 | 1,214 | 1,197 | 2,701 | 2,822 | 5,607 | 5,087 |
Less: net income attributable to noncontrolling interest in subsidiary | 4 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 7 | 7 | 13 | 13 |
Net Income Attributable to First Capital, Inc. | $ 1,228 | $ 1,255 | $ 1,524 | $ 1,518 | $ 1,297 | $ 1,244 | $ 1,426 | $ 1,210 | $ 1,194 | $ 2,694 | $ 2,815 | $ 5,594 | $ 5,074 |
Earnings per common share attributable to First Capital, Inc. | |||||||||||||
Basic (in Dollars per share) | $ 0.45 | $ 0.45 | $ 0.56 | $ 0.55 | $ 0.47 | $ 0.45 | $ 0.51 | $ 0.43 | $ 0.43 | $ 0.98 | $ 1.02 | $ 2.03 | $ 1.82 |
Diluted (in Dollars per share) | 0.45 | 0.55 | 0.98 | 1.02 | 2.03 | 1.82 | |||||||
Dividends per share (in Dollars per share) | $ 0.21 | $ 0.21 | $ 0.42 | $ 0.42 | $ 0.84 | $ 0.80 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Net Income | $ 1,232 | $ 1,258 | $ 1,527 | $ 1,522 | $ 1,300 | $ 1,247 | $ 1,429 | $ 1,214 | $ 1,197 | $ 2,701 | $ 2,822 | $ 5,607 | $ 5,087 |
Unrealized gains (losses) on securities available for sale: | |||||||||||||
Unrealized holding gains (losses) arising during the period | (1,073) | 902 | (637) | 1,873 | 2,453 | (3,797) | |||||||
Income tax (expense) benefit | 418 | (354) | 248 | (736) | (897) | 1,392 | |||||||
Net of tax amount | (655) | 548 | (389) | 1,137 | 1,556 | (2,405) | |||||||
Less: reclassification adjustment for realized gains included in net income | 0 | (54) | 0 | (54) | (54) | (29) | |||||||
Income tax expense | 0 | 21 | 0 | 21 | 18 | 10 | |||||||
Net of tax amount | 0 | (33) | 0 | (33) | (36) | (19) | |||||||
Other Comprehensive Income (Loss), net of tax | (655) | 515 | (389) | 1,104 | 1,520 | (2,424) | |||||||
Comprehensive Income | 577 | 2,037 | 2,312 | 3,926 | 7,127 | 2,663 | |||||||
Less: comprehensive income attributable to the noncontrolling interest in subsidiary | 4 | 4 | 7 | 7 | 13 | 13 | |||||||
Comprehensive Income Attributable to First Capital, Inc. | $ 573 | $ 2,033 | $ 2,305 | $ 3,919 | $ 7,114 | $ 2,650 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Deferred Compensation, Share-based Payments [Member] | Treasury Stock [Member] | Noncontrolling Interest [Member] | Total |
Balance at Dec. 31, 2012 | $ 32 | $ 24,313 | $ 34,101 | $ 1,704 | $ (7,326) | $ 112 | $ 52,936 | |
Balance at Dec. 31, 2013 | 32 | 24,313 | 36,947 | (720) | $ 0 | (7,345) | 112 | 53,339 |
Net income | 0 | 0 | 5,074 | 0 | 0 | 13 | 5,087 | |
Other comprehensive income (loss) | 0 | 0 | 0 | (2,424) | 0 | 0 | (2,424) | |
Cash dividends | 0 | 0 | (2,228) | 0 | 0 | (13) | (2,241) | |
Purchase of treasury shares | 0 | 0 | 0 | 0 | (19) | 0 | (19) | |
Balance at Jun. 30, 2014 | 32 | 24,313 | 38,602 | 384 | 0 | (8,189) | 105 | 55,247 |
Net income | 0 | 0 | 2,815 | 0 | 0 | 0 | 7 | 2,822 |
Other comprehensive income (loss) | 0 | 0 | 0 | 1,104 | 0 | 0 | 0 | 1,104 |
Cash dividends | 0 | 0 | (1,160) | 0 | 0 | 0 | (14) | (1,174) |
Stock compensation expense | 0 | |||||||
Purchase of treasury shares | 0 | 0 | 0 | 0 | 0 | (844) | 0 | (844) |
Balance at Dec. 31, 2013 | 32 | 24,313 | 36,947 | (720) | 0 | (7,345) | 112 | 53,339 |
Balance at Dec. 31, 2014 | 32 | 24,313 | 40,229 | 800 | 0 | (8,253) | 112 | 57,233 |
Net income | 0 | 0 | 5,594 | 0 | 0 | 13 | 5,607 | |
Other comprehensive income (loss) | 0 | 0 | 0 | 1,520 | 0 | 0 | 1,520 | |
Cash dividends | 0 | 0 | (2,312) | 0 | 0 | (13) | (2,325) | |
Purchase of treasury shares | 0 | 0 | 0 | 0 | (908) | 0 | (908) | |
Balance at Jun. 30, 2015 | 32 | 24,766 | 41,768 | 411 | (415) | (8,253) | 105 | 58,414 |
Net income | 0 | 0 | 2,694 | 0 | 0 | 0 | 7 | 2,701 |
Other comprehensive income (loss) | 0 | 0 | 0 | (389) | 0 | 0 | 0 | (389) |
Cash dividends | 0 | 0 | (1,155) | 0 | 0 | 0 | (14) | (1,169) |
Restricted stock grants, net of forfeitures | 0 | 453 | 0 | 0 | (453) | 0 | 0 | 0 |
Stock compensation expense | $ 0 | $ 0 | $ 0 | $ 0 | $ 38 | $ 0 | $ 0 | $ 38 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Net income | $ 2,701 | $ 2,822 | $ 5,607 | $ 5,087 |
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities: | ||||
Amortization of premiums and accretion of discounts on securities, net | 349 | 347 | 699 | 903 |
Depreciation and amortization expense | 349 | 348 | 698 | 707 |
Deferred income taxes | 263 | (65) | 285 | 200 |
Stock compensation expense | 38 | 0 | ||
Increase in cash value of life insurance | (67) | (77) | (150) | (160) |
Gain on life insurance | (110) | 0 | (129) | 0 |
Gain on sale of securities | 0 | (54) | (54) | (29) |
Provision for loan losses | 50 | 115 | 190 | 725 |
Proceeds from sales of loans | 16,586 | 12,656 | 29,814 | 39,572 |
Loans originated for sale | (16,165) | (14,550) | (29,098) | (36,732) |
Gain on sale of loans | (486) | (319) | (713) | (842) |
Decrease in accrued interest receivable | 42 | 165 | 136 | 41 |
Decrease in accrued interest payable | (33) | (37) | (65) | (98) |
Net change in other assets/liabilities | (735) | (592) | (272) | 449 |
Net Cash Provided By Operating Activities | 2,782 | 759 | 6,948 | 9,823 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Investment in interest-bearing time deposits | (1,490) | (1,475) | (4,820) | (3,025) |
Proceeds from maturities and sales of interest-bearing time deposits | 245 | 0 | 975 | 0 |
Purchase of securities available for sale | (15,366) | (15,469) | (27,644) | (25,884) |
Proceeds from maturities of securities available for sale | 10,264 | 10,923 | 21,442 | 22,190 |
Proceeds from sales of securities available for sale | 0 | 2,612 | 5,669 | 517 |
Principal collected on mortgage-backed obligations | 6,016 | 4,892 | 10,824 | 12,691 |
Net (increase) decrease in loans receivable | 1,125 | (9,564) | (12,402) | (9,346) |
Proceeds from redemption of Federal Home Loan Bank stock | 691 | 0 | 579 | 0 |
Proceeds from sale of foreclosed real estate | 74 | 375 | 503 | 351 |
Purchase of premises and equipment | (379) | (473) | (559) | (297) |
Net Cash Provided By Investing Activities | 1,180 | (8,179) | (5,604) | (3,343) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Net increase in deposits | 3,611 | 12,923 | 38,806 | (10,513) |
Net decrease in advances from Federal Home Loan Bank | 0 | (500) | (15,500) | (5,100) |
Net increase in retail repurchase agreements | 0 | 1,307 | (9,310) | (4,782) |
Purchase of treasury stock | 0 | (844) | (908) | (19) |
Dividends paid | (1,169) | (1,174) | (2,325) | (2,241) |
Net Cash Provided By (Used In) Financing Activities | 2,442 | 11,712 | 20,763 | (17,155) |
Net Increase in Cash and Cash Equivalents | 6,404 | 4,292 | 22,107 | (10,675) |
Cash and cash equivalents at beginning of period | 33,243 | 11,136 | 11,136 | 21,811 |
Cash and Cash Equivalents at End of Period | $ 39,647 | $ 15,428 | $ 33,243 | $ 11,136 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) | Dec. 31, 2014 | Dec. 31, 2013 |
ASSETS | ||
Cash and due from banks | $ 13,653,000 | $ 10,058,000 |
Interest-bearing deposits with banks | 865,000 | 467,000 |
Federal funds sold | 18,725,000 | 611,000 |
Total cash and cash equivalents | 33,243,000 | 11,136,000 |
Interest-bearing time deposits | 8,270,000 | 4,425,000 |
Securities available for sale, at fair value | 100,226,000 | 108,762,000 |
Securities-held to maturity | 6,000 | 9,000 |
Loans, net | 300,603,000 | 288,506,000 |
Loans held for sale | 1,608,000 | 1,611,000 |
Federal Home Loan Bank stock, at cost | 2,241,000 | 2,820,000 |
Foreclosed real estate | 78,000 | 466,000 |
Premises and equipment | 10,208,000 | 10,347,000 |
Accrued interest receivable | 1,580,000 | 1,716,000 |
Cash value of life insurance | 6,161,000 | 6,332,000 |
Goodwill | 5,386,000 | 5,386,000 |
Other assets | 3,151,000 | 2,868,000 |
Total Assets | 472,761,000 | 444,384,000 |
Deposits: | ||
Noninterest-bearing | 73,042,000 | 56,436,000 |
Interest-bearing | 339,594,000 | 317,394,000 |
Total deposits | 412,636,000 | 373,830,000 |
Retail repurchase agreements | 0 | 9,310,000 |
Advances from Federal Home Loan Bank | 0 | 5,500,000 |
Accrued interest payable | 127,000 | 192,000 |
Accrued expenses and other liabilities | 2,765,000 | 2,213,000 |
Total liabilities | $ 415,528,000 | $ 391,045,000 |
Commitments and Contingencies | ||
Preferred stock of $.01 par value per share | ||
Authorized 1,000,000 shares; none issued | $ 0 | $ 0 |
Common stock of $.01 par value per share | ||
Authorized 5,000,000 shares; issued 3,164,416 shares; outstanding 2,740,502 and 2,784,088 shares in 2014 and 2013, respectively | 32,000 | 32,000 |
Additional paid-in capital | 24,313,000 | 24,313,000 |
Retained earnings-substantially restricted | 40,229,000 | 36,947,000 |
Accumulated other comprehensive income (loss) | 800,000 | (720,000) |
Less treasury stock, at cost - 423,914 shares (380,328 shares in 2013) | (8,253,000) | (7,345,000) |
Total First Capital, Inc. stockholders' equity | 57,121,000 | 53,227,000 |
Noncontrolling interest in subsidiary | 112,000 | 112,000 |
Total equity | 57,233,000 | 53,339,000 |
Total Liabilities and Equity | $ 472,761,000 | $ 444,384,000 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares | Dec. 31, 2014 | Dec. 31, 2013 |
Preferred stock par value (in Dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock par value (in Dollars per share) | $ 0.01 | $ 0.01 |
Common stock authorized shares | 5,000,000 | 5,000,000 |
Common stock issued shares | 3,164,416 | 3,164,416 |
Common stock outstanding shares | 2,740,502 | 2,784,088 |
Less treasury stock, at cost shares | 423,914 | 380,328 |
Consolidated Statements of In10
Consolidated Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
INTEREST INCOME | |||||||||||||
Loans, including fees | $ 3,963 | $ 4,036 | $ 7,893 | $ 7,874 | $ 15,937 | $ 15,833 | |||||||
Securities: | |||||||||||||
Taxable | 268 | 303 | 530 | 620 | 1,185 | 1,294 | |||||||
Tax-exempt | 244 | 274 | 490 | 564 | 1,058 | 1,113 | |||||||
Federal Home Loan Bank dividends | 30 | 26 | 52 | 65 | 114 | 99 | |||||||
Federal funds sold and interest-bearing deposits in banks | 50 | 24 | 86 | 42 | 105 | 72 | |||||||
Total interest income | 4,555 | $ 4,588 | $ 4,646 | 4,663 | $ 4,502 | $ 4,632 | $ 4,649 | $ 4,554 | $ 4,576 | 9,051 | 9,165 | 18,399 | 18,411 |
INTEREST EXPENSE | |||||||||||||
Deposits | 239 | 291 | 482 | 580 | 1,127 | 1,474 | |||||||
Retail repurchase agreements | 0 | 6 | 0 | 12 | 12 | 28 | |||||||
Advances from Federal Home Loan Bank | 0 | 0 | 0 | 3 | 5 | 151 | |||||||
Total interest expense | 239 | 269 | 280 | 297 | 298 | 347 | 408 | 440 | 458 | 482 | 595 | 1,144 | 1,653 |
Net interest income | 4,316 | 4,319 | 4,366 | 4,366 | 4,204 | 4,285 | 4,241 | 4,114 | 4,118 | 8,569 | 8,570 | 17,255 | 16,758 |
Provision for loan losses | 50 | 0 | 75 | 90 | 25 | 150 | 100 | 225 | 250 | 50 | 115 | 190 | 725 |
Net interest income after provision for loan losses | 4,266 | 4,319 | 4,291 | 4,276 | 4,179 | 4,135 | 4,141 | 3,889 | 3,868 | 8,519 | 8,455 | 17,065 | 16,033 |
NONINTEREST INCOME | |||||||||||||
Service charges on deposit accounts | 856 | 822 | 1,630 | 1,545 | 3,189 | 3,112 | |||||||
Commission and fee income | 85 | 120 | 184 | 198 | 546 | 355 | |||||||
Gain on sale of securities | 0 | 54 | 0 | 54 | 54 | 29 | |||||||
Gain on sale of mortgage loans | 178 | 212 | 486 | 319 | 713 | 842 | |||||||
Mortgage brokerage fee income | 33 | 9 | 46 | 14 | 45 | 48 | |||||||
Increase in cash value of life insurance | 34 | 40 | 67 | 77 | 150 | 160 | |||||||
Other income | 28 | 30 | 165 | 59 | 239 | 94 | |||||||
Total noninterest income | 1,214 | 1,232 | 1,438 | 1,287 | 979 | 1,079 | 1,211 | 1,188 | 1,162 | 2,578 | 2,266 | 4,936 | 4,640 |
NONINTEREST EXPENSE | |||||||||||||
Compensation and benefits | 1,971 | 1,836 | 3,981 | 3,671 | 7,661 | 7,143 | |||||||
Occupancy and equipment | 312 | 293 | 623 | 612 | 1,198 | 1,166 | |||||||
Data processing | 406 | 397 | 830 | 764 | 1,591 | 1,458 | |||||||
Professional fees | 380 | 153 | 581 | 298 | 721 | 686 | |||||||
Advertising | 79 | 69 | 148 | 133 | 288 | 262 | |||||||
Other expenses | 613 | 601 | 1,277 | 1,170 | 2,623 | 2,616 | |||||||
Total noninterest expense | 3,761 | 3,843 | 3,591 | 3,349 | 3,299 | 3,433 | 3,270 | 3,306 | 3,322 | 7,440 | 6,648 | 14,082 | 13,331 |
Income before income taxes | 1,719 | 1,708 | 2,138 | 2,214 | 1,859 | 1,781 | 2,082 | 1,771 | 1,708 | 3,657 | 4,073 | 7,919 | 7,342 |
Income tax expense | 487 | 450 | 611 | 692 | 559 | 534 | 653 | 557 | 511 | 956 | 1,251 | 2,312 | 2,255 |
Net Income | 1,232 | 1,258 | 1,527 | 1,522 | 1,300 | 1,247 | 1,429 | 1,214 | 1,197 | 2,701 | 2,822 | 5,607 | 5,087 |
Less net income attributable to the noncontrolling interest in subsidiary | 4 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 7 | 7 | 13 | 13 |
Net Income Attributable to First Capital, Inc. | $ 1,228 | $ 1,255 | $ 1,524 | $ 1,518 | $ 1,297 | $ 1,244 | $ 1,426 | $ 1,210 | $ 1,194 | $ 2,694 | $ 2,815 | $ 5,594 | $ 5,074 |
Earnings per common share attributable to First Capital, Inc.: | |||||||||||||
Basic (in Dollars per share) | $ 0.45 | $ 0.45 | $ 0.56 | $ 0.55 | $ 0.47 | $ 0.45 | $ 0.51 | $ 0.43 | $ 0.43 | $ 0.98 | $ 1.02 | $ 2.03 | $ 1.82 |
Diluted (in Dollars per share) | 0.45 | 0.55 | 0.98 | 1.02 | 2.03 | 1.82 | |||||||
Dividends per share on common shares (in Dollars per share) | $ 0.21 | $ 0.21 | $ 0.42 | $ 0.42 | $ 0.84 | $ 0.80 |
Consolidated Statements of Co11
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Net Income | $ 1,232 | $ 1,258 | $ 1,527 | $ 1,522 | $ 1,300 | $ 1,247 | $ 1,429 | $ 1,214 | $ 1,197 | $ 2,701 | $ 2,822 | $ 5,607 | $ 5,087 |
Unrealized gains (losses) on securities available for sale: | |||||||||||||
Unrealized holding gains (losses) arising during the period | (1,073) | 902 | (637) | 1,873 | 2,453 | (3,797) | |||||||
Income tax (expense) benefit | 418 | (354) | 248 | (736) | (897) | 1,392 | |||||||
Net of tax amount | (655) | 548 | (389) | 1,137 | 1,556 | (2,405) | |||||||
Less: reclassification adjustment for realized gains included in net income | 0 | (54) | 0 | (54) | (54) | (29) | |||||||
Income tax expense | 0 | 21 | 0 | 21 | 18 | 10 | |||||||
Net of tax amount | 0 | (33) | 0 | (33) | (36) | (19) | |||||||
Other Comprehensive Income (Loss), net of tax | (655) | 515 | (389) | 1,104 | 1,520 | (2,424) | |||||||
Total Comprehensive Income | 577 | 2,037 | 2,312 | 3,926 | 7,127 | 2,663 | |||||||
Less: comprehensive income attributable to the noncontrolling interest in subsidiary | 4 | 4 | 7 | 7 | 13 | 13 | |||||||
Comprehensive Income Attributable to First Capital, Inc. | $ 573 | $ 2,033 | $ 2,305 | $ 3,919 | $ 7,114 | $ 2,650 |
Consolidated Statements of Ch12
Consolidated Statements of Changes in Stockholders’ Equity - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Treasury Stock [Member] | Noncontrolling Interest [Member] | Total |
Balance at Dec. 31, 2012 | $ 32 | $ 24,313 | $ 34,101 | $ 1,704 | $ (7,326) | $ 112 | $ 52,936 |
Net Income | 0 | 0 | 5,074 | 0 | 0 | 13 | 5,087 |
Other comprehensive income (loss) | 0 | 0 | 0 | (2,424) | 0 | 0 | (2,424) |
Cash dividends | 0 | 0 | (2,228) | 0 | 0 | (13) | (2,241) |
Purchase of treasury shares | 0 | 0 | 0 | 0 | (19) | 0 | (19) |
Balance at Dec. 31, 2013 | 32 | 24,313 | 36,947 | (720) | (7,345) | 112 | 53,339 |
Net Income | 0 | 0 | 2,815 | 0 | 0 | 7 | 2,822 |
Other comprehensive income (loss) | 0 | 0 | 0 | 1,104 | 0 | 0 | 1,104 |
Cash dividends | 0 | 0 | (1,160) | 0 | 0 | (14) | (1,174) |
Purchase of treasury shares | 0 | 0 | 0 | 0 | (844) | 0 | (844) |
Balance at Jun. 30, 2014 | 32 | 24,313 | 38,602 | 384 | (8,189) | 105 | 55,247 |
Balance at Dec. 31, 2013 | 32 | 24,313 | 36,947 | (720) | (7,345) | 112 | 53,339 |
Net Income | 0 | 0 | 5,594 | 0 | 0 | 13 | 5,607 |
Other comprehensive income (loss) | 0 | 0 | 0 | 1,520 | 0 | 0 | 1,520 |
Cash dividends | 0 | 0 | (2,312) | 0 | 0 | (13) | (2,325) |
Purchase of treasury shares | 0 | 0 | 0 | 0 | (908) | 0 | (908) |
Balance at Dec. 31, 2014 | 32 | 24,313 | 40,229 | 800 | (8,253) | 112 | 57,233 |
Net Income | 0 | 0 | 2,694 | 0 | 0 | 7 | 2,701 |
Other comprehensive income (loss) | 0 | 0 | 0 | (389) | 0 | 0 | (389) |
Cash dividends | 0 | 0 | (1,155) | 0 | 0 | (14) | (1,169) |
Balance at Jun. 30, 2015 | $ 32 | $ 24,766 | $ 41,768 | $ 411 | $ (8,253) | $ 105 | $ 58,414 |
Consolidated Statements of Ch13
Consolidated Statements of Changes in Stockholders’ Equity (Parentheticals) - shares | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Treasury Stock [Member] | ||
Purchase of treasury shares | 43,586 | 909 |
Consolidated Statements of Ca14
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 5,607 | $ 5,087 |
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities: | ||
Amortization of premium and accretion of discount on securities, net | 699 | 903 |
Depreciation and amortization expense | 698 | 707 |
Deferred income taxes | 285 | 200 |
Increase in cash value of life insurance | (150) | (160) |
Gain on life insurance | (129) | 0 |
Gain on sale of securities | (54) | (29) |
Provision for loan losses | 190 | 725 |
Proceeds from sale of loans | 29,814 | 39,572 |
Loans originated for sale | (29,098) | (36,732) |
Gain on sale of loans | (713) | (842) |
Decrease in accrued interest receivable | 136 | 41 |
Decrease in accrued interest payable | (65) | (98) |
Net change in other assets/liabilities | (272) | 449 |
Net Cash Provided By Operating Activities | 6,948 | 9,823 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Investment in interest-bearing time deposits | (4,820) | (3,025) |
Proceeds from maturities and sales of interest-bearing time deposits | 975 | 0 |
Purchase of securities available for sale | (27,644) | (25,884) |
Proceeds from maturities of securities available for sale | 21,442 | 22,190 |
Proceeds from sales of securities available for sale | 5,669 | 517 |
Principal collected on mortgage-backed obligations | 10,824 | 12,691 |
Net increase in loans receivable | (12,402) | (9,346) |
Proceeds from sale of foreclosed real estate | 503 | 351 |
Proceeds from redemption of Federal Home Loan Bank stock | 579 | 0 |
Purchase of premises and equipment | (559) | (297) |
Cost method equity investment | (171) | (540) |
Net Cash Used In Investing Activities | (5,604) | (3,343) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net increase (decrease) in deposits | 38,806 | (10,513) |
Net decrease in retail repurchase agreements | (9,310) | (4,782) |
Advances from Federal Home Loan Bank | 10,000 | 5,500 |
Repayment of advances from Federal Home Loan Bank | (15,500) | (5,100) |
Purchase of treasury stock | (908) | (19) |
Dividends paid | (2,325) | (2,241) |
Net Cash Provided By (Used In) Financing Activities | 20,763 | (17,155) |
Net Increase (Decrease) in Cash and Cash Equivalents | 22,107 | (10,675) |
Cash and cash equivalents at beginning of period | 11,136 | 21,811 |
Cash and Cash Equivalents at End of Period | $ 33,243 | $ 11,136 |
Note 1 - Presentation of Interi
Note 1 - Presentation of Interim Information | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Disclosure Text Block [Abstract] | ||
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. Presentation of Interim Information First Capital, Inc. (“Company”) is the savings and loan holding company for First Harrison Bank (“Bank”). The information presented in this report relates primarily to the Bank's operations. First Harrison Investments, Inc. and First Harrison Holdings, Inc. are wholly-owned Nevada corporate subsidiaries of the Bank that jointly own First Harrison, LLC, a Nevada limited liability corporation that holds and manages an investment portfolio. First Harrison REIT, Inc. (“REIT”) was incorporated as a wholly-owned subsidiary of First Harrison Holdings, Inc. to hold a portion of the Bank’s real estate mortgage loan portfolio. On January 21, 2009, the REIT issued 105 shares of 12.5% redeemable cumulative preferred stock with an aggregate liquidation value of $105,000 in a private placement offering in order to satisfy certain ownership requirements to qualify as a real estate investment trust. At June 30, 2015, this noncontrolling interest represented 0.2% ownership of the REIT. On September 23, 2014, the Company formed FHB Risk Mitigation Services, Inc. (“Captive”). The Captive is a wholly-owned insurance subsidiary of the Company that provides property and casualty insurance coverage to the Company, the Bank and the Bank’s subsidiaries, and reinsurance to five other third party insurance captives for which insurance may not be currently available or economically feasible in the insurance marketplace. In the opinion of management, the unaudited consolidated financial statements include all adjustments considered necessary to present fairly the financial position as of June 30, 2015, and the results of operations for the three months and six months ended June 30, 2015 and 2014 and the cash flows for the six months ended June 30, 2015 and 2014. All of these adjustments are of a normal, recurring nature. Such adjustments are the only adjustments included in the unaudited consolidated financial statements. Interim results are not necessarily indicative of results for a full year or any other period. The accompanying unaudited consolidated financial statements and notes have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements and are presented as permitted by the instructions to Form 10-Q. Accordingly, they do not contain certain information included in the Company’s annual audited consolidated financial statements and related footnotes for the year ended December 31, 2014 included in the Company’s Annual Report on Form 10-K. The unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. | (1) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations First Capital, Inc. (the Company) is the savings and loan holding company of First Harrison Bank (the Bank), a wholly-owned subsidiary. The Bank is a federally-chartered savings bank which provides a variety of banking services to individuals and business customers through twelve locations in southern Indiana. The Bank’s primary source of revenue is real estate mortgage loans. The Bank originates mortgage loans for sale in the secondary market and also sells non-deposit investment products through a financial services division. First Harrison Investments, Inc. and First Harrison Holdings, Inc. are wholly-owned Nevada corporate subsidiaries of the Bank that jointly own First Harrison, LLC, a Nevada limited liability company that holds and manages an investment securities portfolio. First Harrison REIT, Inc. is a wholly-owned subsidiary of First Harrison Holdings, Inc. which holds a portion of the Bank’s real estate mortgage loan portfolio. On September 23, 2014, the Company formed FHB Risk Mitigation Services, Inc. (“Captive”). The Captive is a wholly-owned insurance subsidiary of the Company that provides property and casualty insurance coverage to the Company, the Bank and the Bank’s subsidiaries, and reinsurance to five other third party insurance captives, for which insurance may not be currently available or economically feasible in the insurance marketplace. Basis of Consolidation and Reclassifications The consolidated financial statements include the accounts of the Company and its subsidiaries and have been prepared in accordance with generally accepted accounting principles in the United States of America and conform to general practices in the banking industry. Intercompany balances and transactions have been eliminated. Certain prior year amounts have been reclassified to conform to the current year presentation. Statements of Cash Flows For purposes of the statements of cash flows, the Company has defined cash and cash equivalents as cash on hand, amounts due from banks (including cash items in process of clearing), interest-bearing deposits with other banks with an original maturity of 90 days or less, and federal funds sold. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowance for loan losses and foreclosed real estate, management obtains independent appraisals for significant properties. A majority of the Bank’s loan portfolio consists of single-family residential and commercial real estate loans in the southern Indiana area. Accordingly, the ultimate collectability of a substantial portion of the Bank’s loan portfolio and the recovery of the carrying amount of foreclosed real estate are susceptible to changes in local market conditions. While management uses available information to recognize losses on loans and foreclosed real estate, further reductions in the carrying amounts of loans and foreclosed real estate may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans and foreclosed real estate. Such agencies may require the Bank to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans and foreclosed real estate may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated. Investment Securities Securities Available for Sale Amortization of premiums and accretion of discounts are recognized in interest income using methods approximating the interest method over the period to maturity, adjusted for anticipated prepayments. Unrealized gains and losses, net of tax, on securities available for sale are included in other comprehensive income and the accumulated unrealized holding gains and losses are reported as a separate component of equity until realized. Realized gains and losses on the sale of securities available for sale are determined using the specific identification method and are included in other noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income. Securities Held to Maturity Declines in the fair value of individual available for sale and held to maturity securities below their amortized cost that are other than temporary result in write-downs of the individual securities to their fair value. The related write-downs are included in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than amortized cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Bank to retain its investment for a period of time sufficient to allow for any anticipated recovery in fair value. Investments in non-marketable equity securities such as FHLB stock and companies in which the Company has less than a 20% interest are carried at cost. Dividends received from these investments are included in dividend income, and dividends received in excess of the Company’s proportionate share of accumulated earnings are applied as a reduction of the cost of the investment. Impairment testing on these investments is based on applicable accounting guidance and the cost basis is reduced when impairment is deemed to be other-than-temporary. Loans and Allowance for Loan Losses Loans Held for Investment Loans are stated at unpaid principal balances, less net deferred loan fees and the allowance for loan losses. The Bank grants real estate mortgage, commercial business and consumer loans. A substantial portion of the loan portfolio is represented by mortgage loans to customers in southern Indiana. The ability of the Bank’s customers to honor their contracts is dependent upon the real estate and general economic conditions in this area. Loan origination and commitment fees, as well as certain direct costs of underwriting and closing loans, are deferred and amortized as a yield adjustment to interest income over the lives of the related loans using the interest method. Amortization of net deferred loan fees is discontinued when a loan is placed on nonaccrual status. Nonaccrual Loans The recognition of income on a loan is discontinued and previously accrued interest is reversed when interest or principal payments become 90 days past due unless, in the opinion of management, the outstanding interest remains collectible. Past due status is determined based on contractual terms. Generally, by applying the cash receipts method, interest income is subsequently recognized only as received until the loan is returned to accrual status. The cash receipts method is used when the likelihood of further loss on the loan is remote. Otherwise, the Company applies the cost recovery method and applies all payments as a reduction of the unpaid principal balance until the loan qualifies for return to accrual status. Interest income on impaired loans is recognized using the cost recovery method, unless the likelihood of further loss on the loan is remote. A loan is restored to accrual status when all principal and interest payments are brought current and the borrower has demonstrated the ability to make future payments of principal and interest as scheduled, which generally requires that the borrower demonstrate a period of performance of at least six consecutive months. Impaired Loans A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Values for collateral dependent loans are generally based on appraisals obtained from independent licensed real estate appraisers, with adjustments applied for estimated costs to sell the property, costs to complete unfinished or repair damaged property and other factors. New appraisals are generally obtained for all significant properties when a loan is identified as impaired, and a property is considered significant if the value of the property is estimated to exceed $200,000. Subsequent appraisals are obtained as needed or if management believes there has been a significant change in the market value of a collateral property securing a collateral dependent impaired loan. In instances where it is not deemed necessary to obtain a new appraisal, management bases its impairment and allowance for loan loss analysis on the original appraisal with adjustments for current conditions based on management’s assessment of market factors and management’s inspection of the property. Troubled Debt Restructurings Modification of a loan is considered to be a troubled debt restructuring (TDR) if the debtor is experiencing financial difficulties and the Company grants a concession to the debtor that it would not otherwise consider. By granting the concession, the Company expects to obtain more cash or other value from the debtor, or to increase the probability of receipt, than would be expected by not granting the concession. The concession may include, but is not limited to, reduction of the stated interest rate of the loan, reduction of accrued interest, extension of the maturity date or reduction of the face amount of the debt. A concession will be granted when, as a result of the restructuring, the Company does not expect to collect all amounts due, including interest at the original stated rate. A concession may also be granted if the debtor is not able to access funds elsewhere at a market rate for debt with similar risk characteristics as the restructured debt. The Company’s determination of whether a loan modification is a TDR considers the individual facts and circumstances surrounding each modification. A TDR can involve loans remaining on nonaccrual, moving to nonaccrual, or continuing on accrual status, depending on the individual facts and circumstances of the borrower. A TDR on nonaccrual status is restored to accrual status when the borrower has demonstrated the ability to make future payments in accordance with the restructured terms, which generally requires that the borrower demonstrate a period of performance of at least six consecutive months in accordance with the restructured terms including consistent and timely payments. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The Company uses a disciplined process and methodology to evaluate the allowance for loan losses on at least a quarterly basis that is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are individually evaluated for impairment or loans otherwise classified as doubtful, substandard, or special mention. For such loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and classified loans that are found, upon individual evaluation, to not be impaired. Such loans are pooled by segment and losses are modeled using annualized historical loss experience adjusted for qualitative factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the prior five years unless the historical loss experience is not considered indicative of the level of risk in the remaining balance of a particular portfolio segment, in which case an adjustment is determined by management. The Company’s historical loss experience is then adjusted by an overall loss factor weighting adjustment based on a qualitative analysis prepared by management and reviewed on a quarterly basis. The overall loss factor considers changes in underwriting standards, economic conditions, changes and trends in past due and classified loans and other internal and external factors. Prior to 2014, management used a three-year historical loss period as the basis for its allowance for loan loss methodology. However, based on the Company’s loss history and changes in the loan portfolio, management determined that a five-year loss history was appropriate and updated its methodology in 2014. Management also applies additional loss factor multiples to loans classified as watch, special mention and substandard that are not individually evaluated for impairment. The loss factor multiples for classified loans are based on management’s assessment of historical trends regarding losses experienced on classified loans in prior periods. See Note 4 for additional discussion of the qualitative factors utilized in management’s allowance for loan losses methodology at December 31, 2014 and 2013. Management exercises significant judgment in evaluating the relevant historical loss experience and the qualitative factors. Management also monitors the differences between estimated and actual incurred loan losses for loans considered impaired in order to evaluate the effectiveness of the estimation process and make any changes in the methodology as necessary. The following portfolio segments are considered in the allowance for loan loss analysis: residential real estate, land, construction, commercial real estate, commercial business, home equity and second mortgage, and other consumer loans. Residential real estate loans primarily consist of loans to individuals for the purchase or refinance of their primary residence, with a smaller portion of the segment secured by non-owner-occupied residential investment properties and multi-family residential investment properties. The risks associated with residential real estate loans are closely correlated to the local housing market and general economic conditions, as repayment of the loans is primarily dependent on the borrowers’ or tenants’ personal cash flow and employment status. Land loans primarily consist of loans secured by farmland and vacant land held for investment purposes. The risks associated with land loans are related to the market value of the property taken as collateral and the underlying cash flows for loans secured by farmland, and general economic conditions. The Company’s construction loan portfolio consists of single-family residential properties, multi-family properties and commercial projects, and includes both owner-occupied and speculative investment properties. Risks inherent in construction lending are related to the market value of the property held as collateral, the cost and timing of constructing or improving a property, the borrower’s ability to use funds generated by a project to service a loan until a project is completed, movements in interest rates and the real estate market during the construction phase, and the ability of the borrower to obtain permanent financing. Commercial real estate loans are comprised of loans secured by various types of collateral including office buildings, warehouses, retail space and mixed use buildings located in the Company’s primary lending area. Risks related to commercial real estate lending are related to the market value of the property taken as collateral, the underlying cash flows and general economic condition of the local real estate market. Repayment of these loans is generally dependent on the ability of the borrower to attract tenants at lease rates that provide for adequate debt service and can be impacted by local economic conditions which impact vacancy rates. The Company generally obtains loan guarantees from financially capable parties for commercial real estate loans. Commercial business loans includes lines of credit to businesses, term loans and letters of credit secured by business assets such as equipment, accounts receivable, inventory, or other assets excluding real estate and are generally made to finance capital expenditures or fund operations. Commercial loans contain risks related to the value of the collateral securing the loan and the repayment is primarily dependent upon the financial success and viability of the borrower. As with commercial real estate loans, the Company generally obtains loan guarantees from financially capable parties for commercial business loans. Home equity and second mortgage loans and other consumer loans consist primarily of home equity lines of credit and other loans secured by junior liens on the borrower’s personal residence, home improvement loans, automobile and truck loans, boat loans, mobile home loans, loans secured by savings deposits, credit cards and other personal loans. The risk associated with these loans is related to the local housing market and local economic conditions including the unemployment level. Loan Charge-Offs For portfolio segments other than consumer loans, the Company’s practice is to charge-off any loan or portion of a loan when the loan is determined by management to be uncollectible due to the borrower’s failure to meet repayment terms, the borrower’s deteriorating or deteriorated financial condition, the depreciation of the underlying collateral, the loan’s classification as a loss by regulatory examiners, or for other reasons. A partial charge-off is recorded on a loan when the uncollectibility of a portion of the loan has been confirmed, such as when a loan is discharged in bankruptcy, the collateral is liquidated, a loan is restructured at a reduced principal balance, or other identifiable events that lead management to determine the full principal balance of the loan will not be repaid. A specific reserve is recognized as a component of the allowance for estimated losses on loans individually evaluated for impairment. Partial charge-offs on nonperforming and impaired loans are included in the Company’s historical loss experience used to estimate the general component of the allowance for loan losses as discussed above. Specific reserves are not considered charge-offs in management’s evaluation of the general component of the allowance for loan losses because they are estimates and the outcome of the loan relationship is undetermined. During 2014 and 2013, the Company recognized partial charge-offs totaling $67,000 and $68,000, respectively. At December 31, 2014, the Company had 12 loans with an aggregate recorded investment of $757,000 and an aggregate unpaid principal balance of $1.4 million on which partial charge-offs of $472,000 had been recorded. At December 31, 2013, the Company had 11 loans with an aggregate recorded investment of $900,000 and an aggregate unpaid principal balance of $1.4 million on which partial charge-offs of $446,000 had been recorded Consumer loans not secured by real estate are typically charged off at 90 days past due, or earlier if deemed uncollectible, unless the loans are in the process of collection. Overdrafts are charged off after 45 days past due. Charge-offs are typically recorded on loans secured by real estate when the property is foreclosed upon. Foreclosed Real Estate Foreclosed real estate includes formally foreclosed property held for sale. At the time of foreclosure, foreclosed real estate is recorded at fair value less estimated costs to sell, which becomes the property’s new basis. Any write-downs based on the property’s fair value at the date of acquisition are charged to the allowance for loan losses. After foreclosure, valuations are periodically performed by management and property held for sale is carried at the lower of the new cost basis or fair value less cost to sell. Costs incurred in maintaining foreclosed real estate and subsequent impairment adjustments to the carrying amount of a property, if any, are included in other noninterest expense. Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation. The Company uses the straight line method of computing depreciation at rates adequate to amortize the cost of the applicable assets over their estimated useful lives. Maintenance and repairs are expensed as incurred. The cost and related accumulated depreciation of assets sold, or otherwise disposed of, are removed from the related accounts and any gain or loss is included in earnings. Goodwill and Other Intangibles Goodwill recognized in a business combination represents the excess of the cost of the acquired entity over the net of the amounts assigned to assets acquired and liabilities assumed. Goodwill is carried at its implied fair value and is evaluated for possible impairment at least annually or more frequently upon the occurrence of an event or change in circumstances that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Such circumstances could include, but are not limited to: (1) a significant adverse change in legal factors or in business climate, (2) unanticipated competition, or (3) an adverse action or assessment by a regulator. If the carrying amount of the goodwill exceeds its implied fair value, an impairment loss is recognized in earnings equal to that excess amount. The loss recognized cannot exceed the carrying amount of goodwill. After a goodwill impairment loss is recognized, the adjusted carrying amount of goodwill is its new accounting basis. Other intangible assets consist of acquired core deposit intangibles. Core deposit intangibles are amortized over the estimated economic lives of the acquired core deposits. The carrying amount of core deposit intangibles and the remaining estimated economic life are evaluated annually or whenever events or circumstances indicate the carrying amount may not be recoverable or the remaining period of amortization requires revision. After an impairment loss is recognized, the adjusted carrying amount of the intangible asset is its new accounting basis. All core deposit intangibles had been fully amortized as of December 31, 2012. Securities Lending and Financing Arrangements Securities purchased under agreements to resell (reverse repurchase agreements) and securities sold under agreements to repurchase (repurchase agreements) are treated as collateralized lending and borrowing transactions, respectively, and are carried at the amounts at which the securities were initially acquired or sold. Mortgage Banking Activities Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or market value. Aggregate market value is determined based on the quoted prices under a “best efforts” sales agreement with a third party. Net unrealized losses are recognized through a valuation allowance by charges to income. Realized gains on sales of mortgage loans are included in noninterest income. Mortgage loans are sold with servicing released. Commitments to originate mortgage loans held for sale are considered derivative financial instruments to be accounted for at fair value. The Bank’s mortgage loan commitments subject to derivative accounting are fixed-rate mortgage loan commitments at market rates when initiated. At December 31, 2014, the Bank had commitments to originate $306,000 in fixed-rate mortgage loans intended for sale in the secondary market after the loans are closed. Fair value is estimated based on fees that would be charged on commitments with similar terms. Cash Surrender Value of Life Insurance The Bank has purchased life insurance policies on certain directors, officers and key employees to offset costs associated with the Bank’s compensation and benefit programs. Bank-owned life insurance is recorded at the amount that can be realized under the insurance contracts at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Stock-Based Compensation The Company has adopted the fair value based method of accounting for stock-based compensation prescribed in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 718 for its stock plans. Advertising Costs Advertising costs are charged to operations when incurred. Income Taxes When income tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while other positions are subject to some degree of uncertainty regarding the merits of the position taken or the amount of the position that would be sustained. The Company recognizes the benefits of a tax position in the consolidated financial statements of the period during which, based on all available evidence, management believes it is more-likely-than-not (more than 50 percent probable) that the tax position would be sustained upon examination. Income tax positions that meet the more-likely-than-not threshold are measured as the largest amount of income tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with the income tax positions claimed on income tax returns that exceeds the amount measured as described above is reflected as a liability for unrecognized income tax benefits in the consolidated balance sheet, along with any associated interest and penalties that would be payable to the taxing authorities, if there were an examination. Interest and penalties associated with unrecognized income tax benefits are classified as additional income taxes in the statement of income. Income taxes are provided for the tax effects of the transactions reported in the financial statements and consist of taxes currently due plus deferred income taxes. Income tax reporting and financial statement reporting rules differ in many respects. As a result, there will often be a difference between the carrying amount of an asset or liability as presented in the accompanying consolidated balance sheets and the amount that would be recognized as the tax basis of the same asset or liability computed based on the effects of tax positions recognized, as described in the preceding paragraph. These differences are referred to as temporary differences because they are expected to reverse in future years. Deferred income tax assets are recognized for temporary differences where their future reversal will result in future tax benefits. Deferred income tax assets are also recognized for the future tax benefits expected to be realized from net operating loss or tax credit carryforwards. Deferred income tax liabilities are recognized for temporary differences where their future reversal will result in the payment of future income taxes. Deferred income tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred income tax assets will not be realized. Deferred tax assets and liabilities are reflected at income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Earnings per Common Share Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the periods presented. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options, restricted stock and other potentially dilutive securities outstanding. Earnings and dividends per share are restated for stock splits and dividends through the date of issuance of the financial statements. Comprehensive Income Comprehensive income consists of reported net income and other comprehensive income. Other comprehensive income refers to revenue, expenses, gains and losses that are recorded as an element of equity but are excluded from reported net income. Other comprehensive income includes changes in the unrealized gains and losses on securities available for sale. Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Recent Accounting Pronouncements The following are summaries of recently issued or adopted accounting pronouncements that impact the accounting and reporting practices of the Company: In January 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40), Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) In August 2014, the FASB issued ASU No. 2014-14, Trouble Debt Restructurings by Creditors (Subtopic 310-40) |
Note 2 - Proposed Merger
Note 2 - Proposed Merger | 6 Months Ended |
Jun. 30, 2015 | |
Business Combinations [Abstract] | |
Business Combination Disclosure [Text Block] | 2. Proposed Merger On June 4, 2015, the Company and Peoples Bancorp, Inc. of Bullitt County (“Peoples”) entered into an Agreement and Plan of Merger (the “Agreement”) pursuant to which Peoples will merge with and into the Company, with the Company as the surviving corporation. Subsequent to the merger, The Peoples Bank of Bullitt County, a wholly-owned subsidiary of Peoples, will merge with and into the Bank, with the Bank as the surviving bank. The Agreement provides that shareholders of Peoples may elect to receive either 382.83 shares of Company common stock or $9,475 in cash for each share of Peoples common stock owned, subject to proration provisions specified in the Agreement that provide for a targeted aggregate mix of total consideration of 50% common stock and 50% cash. At the effective time of the merger, the exchange ratio and cash price per share may be adjusted based on provisions in the Agreement for changes in the price of the Company’s common stock or a decrease in the consolidated net book value of Peoples. Shareholders of Peoples also may receive an additional cash payment as specified in the Agreement if Peoples sells certain specified assets prior to the effective time of the merger, or the Company sells such assets within twenty-four months after the effective time of the merger. Subject to the approval of the merger by the shareholders of both the Company and Peoples, receipt of regulatory approvals and satisfaction of other customary closing conditions, the parties anticipate completing the merger in the fourth quarter of 2015. |
Note 3 - Investment Securities
Note 3 - Investment Securities | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Disclosure Text Block Supplement [Abstract] | ||
Investments in Debt and Equity Instruments, Cash and Cash Equivalents, Unrealized and Realized Gains (Losses) [Text Block] | 3. Investment Securities Debt and equity securities have been classified in the consolidated balance sheets according to management’s intent. Investment securities at June 30, 2015 and December 31, 2014 are summarized as follows: (In thousands) Amortized Gross Gross Fair June 30, 2015 Securities available for sale: Agency mortgage-backed securities $ 34,387 $ 154 $ 203 $ 34,338 Agency CMO 11,478 65 81 11,462 Other debt securities: Agency notes and bonds 18,554 35 56 18,533 Municipal obligations 31,834 896 179 32,551 Subtotal - debt securities 96,253 1,150 519 96,884 Mutual funds 1,477 0 0 1,477 Total securities available for sale $ 97,730 $ 1,150 $ 519 $ 98,361 Securities held to maturity: Agency mortgage-backed securities $ 5 $ 0 $ 0 $ 5 Total securities held to maturity $ 5 $ 0 $ 0 $ 5 December 31, 2014 Securities available for sale: Agency mortgage-backed securities $ 32,135 $ 240 $ 79 $ 32,296 Agency CMO 14,461 74 150 14,385 Other debt securities: Agency notes and bonds 18,136 32 48 18,120 Municipal obligations 32,178 1,242 78 33,342 Subtotal - debt securities 96,910 1,588 355 98,143 Mutual funds 2,083 0 0 2,083 Total securities available for sale $ 98,993 $ 1,588 $ 355 $ 100,226 Securities held to maturity: Agency mortgage-backed securities $ 6 $ 0 $ 0 $ 6 Total securities held to maturity $ 6 $ 0 $ 0 $ 6 Agency notes and bonds, agency mortgage-backed securities and agency collateralized mortgage obligations (CMO) include securities issued by the Government National Mortgage Association (GNMA), a U.S. government agency, and the Federal National Mortgage Association (FNMA), the Federal Home Loan Mortgage Corporation (FHLMC) and the Federal Home Loan Bank (FHLB), which are government-sponsored enterprises. The amortized cost and fair value of debt securities as of June 30, 2015, by contractual maturity, are shown below. Expected maturities of mortgage-backed securities may differ from contractual maturities because the mortgages underlying the obligations may be prepaid without penalty. Securities Available for Sale Securities Held to Maturity Amortized Fair Amortized Fair (In thousands) Due in one year or less $ 1,070 $ 1,074 $ 0 $ 0 Due after one year through five years 17,306 17,354 0 0 Due after five years through ten years 19,267 19,604 Due after ten years 12,745 13,052 0 0 50,388 51,084 0 0 Mortgage-backed securities and CMO 45,865 45,800 5 5 $ 96,253 $ 96,884 $ 5 $ 5 Information pertaining to investment securities available for sale with gross unrealized losses at June 30, 2015, aggregated by investment category and the length of time that individual investment securities have been in a continuous position, follows: Number of Fair Gross (Dollars in thousands) Continuous loss position less than twelve months: Agency notes and bonds 9 $ 7,696 $ 53 Agency mortgage-backed securities 22 17,893 150 Muncipal obligations 17 6,568 95 Total less than twelve months 48 32,157 298 Continuous loss position more than twelve months: Agency notes and bonds 1 999 3 Agency CMO 9 6,594 81 Agency mortgage-backed securities 4 4,426 53 Muncipal obligations 5 2,306 84 Total more than twelve months 19 14,325 221 Total securities available for sale 67 $ 46,482 $ 519 Management evaluates securities for other-than-temporary impairment at least quarterly, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recover in fair value. At June 30, 2015, the 67 U.S. government agency debt securities, including agency notes and bonds, mortgage-backed securities and CMO, and municipal obligations in a loss position had depreciated approximately 1.1% from the amortized cost basis. All of the U.S. government agency securities and municipal obligations are issued by U.S. government agencies, government-sponsored enterprises and municipal governments, or are secured by first mortgage loans and municipal project revenues. These unrealized losses related principally to current interest rates for similar types of securities. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government, its agencies or other governments, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. As the Company has the ability to hold the debt securities until maturity, or the foreseeable future if classified as available for sale, no declines are deemed to be other-than-temporary. During the three and six months ended June 30, 2015, the Company did not have any security sales. During the three and six months ended June 30, 2014, the Company realized gross gains on sales of available for sale municipal securities of $54,000. In June 2014, the Company acquired an additional 31,750 shares of common stock in another financial institution, in addition to the 100,000 shares acquired in December 2013, representing approximately 9% of the outstanding common stock of the entity, for a total investment of $711,000. The investment is accounted for using the cost method of accounting and is included in other assets in the consolidated balance sheet. | (3) INVESTMENT SECURITIES Debt and equity securities have been classified in the consolidated balance sheets according to management’s intent. Investment securities at December 31, 2014 and 2013 are summarized as follows: (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2014: Securities available for sale: Agency mortgage-backed securities $ 32,135 $ 240 $ 79 $ 32,296 Agency CMO 14,461 74 150 14,385 Other debt securities: Agency notes and bonds 18,136 32 48 18,120 Municipal obligations 32,178 1,242 78 33,342 Subtotal – debt securities 96,910 1,588 355 98,143 Mutual funds 2,083 0 0 2,083 Total securities available for sale $ 98,993 $ 1,588 $ 355 $ 100,226 Securities held to maturity: Agency mortgage-backed securities $ 6 $ 0 $ 0 $ 6 Total securities held to maturity $ 6 $ 0 $ 0 $ 6 December 31, 2013: Securities available for sale: Agency mortgage-backed securities $ 18,408 $ 205 $ 244 $ 18,369 Agency CMO 20,486 96 341 20,241 Other debt securities: Agency notes and bonds 31,594 49 729 30,914 Municipal obligations 36,200 778 938 36,040 Subtotal – debt securities 106,688 1,128 2,252 105,564 Mutual funds 3,238 0 40 3,198 Total securities available for sale $ 109,926 $ 1,128 $ 2,292 $ 108,762 Securities held to maturity: Agency mortgage-backed securities $ 9 $ 0 $ 0 $ 9 Total securities held to maturity $ 9 $ 0 $ 0 $ 9 The amortized cost and fair value of debt securities as of December 31, 2014, by contractual maturity, are shown below. Expected maturities of mortgage-backed securities and CMO may differ from contractual maturities because the mortgages underlying the obligations may be prepaid without penalty. Securities Available for Sale Securities Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Due in one year or less $ 120 $ 121 $ 0 $ 0 Due after one year through five 15,679 15,786 0 0 Due after five years through 20,366 20,852 0 0 Due after ten years 14,149 14,703 0 0 50,314 51,462 0 0 Mortgage-backed securities and 46,596 46,681 6 6 $ 96,910 $ 98,143 $ 6 $ 6 At December 31, 2013, certain investment securities were pledged under retail repurchase agreements and to secure FHLB advances. (See Notes 9 and 10) Information pertaining to investment securities available for sale with gross unrealized losses at December 31, 2014, aggregated by investment category and the length of time that individual investment securities have been in a continuous loss position, follows. At December 31, 2014, the Company did not have any securities held to maturity with an unrealized loss. (Dollars in thousands) Number of Investment Positions Fair Value Gross Unrealized Losses Continuous loss position less than twelve months: Agency mortgage-backed securities 7 $ 5,925 $ 21 Agency CMO 2 1,317 21 Agency notes and bonds 2 1,198 2 Municipal obligations 9 2,291 8 Total less than twelve months 20 10,731 51 Continuous loss position more than twelve months: Agency mortgage-backed securities 6 5,986 58 Agency CMO 9 7,306 129 Agency notes and bonds 7 7,586 47 Municipal obligations 9 4,146 70 Total more than twelve months 31 25,024 304 Total securities available for sale 51 $ 35,755 $ 355 Management evaluates securities for other-than-temporary impairment at least quarterly, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. At December 31, 2014, the municipal obligations and U.S. government agency debt securities, including agency mortgage-backed securities, agency CMOs, and agency notes and bonds, in a loss position had depreciated approximately 1.0% from the amortized cost basis. All of the U.S. government agency securities and municipal securities are issued by U.S. government agencies, government-sponsored enterprises, or municipal governments, and are secured by first mortgage loans and municipal project revenues. These unrealized losses related principally to current interest rates for similar types of securities. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government, its agencies or other governments, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. As the Company has the ability to hold the U.S. government agency debt securities and municipal securities in an unrealized loss position until maturity, no declines are deemed to be other-than-temporary. While management does not anticipate any credit-related impairment losses at December 31, 2014, additional deterioration in market and economic conditions may have an adverse impact on the credit quality in the future. During the year ended December 31, 2014, the Company realized gross gains on sales of available for sale municipal obligations and U.S. government agency mortgage-backed securities of $98,000 and $7,000, respectively, and gross losses on the sale of municipal obligations, U.S. government agency mortgage-backed securities and mutual funds of $31,000, $3,000 and $17,000, respectively. During the year ended December 31, 2013, the Company realized gross gains on sales of available for sale municipal obligations and U.S. government agency mortgage-backed securities of $22,000 and $7,000, respectively. In June 2014, the Company acquired 31,750 shares of common stock in another financial institution, in addition to the 100,000 shares acquired in 2013, representing approximately 9% of the outstanding common stock of the entity, for a total investment of $711,000. The investment is accounted for using the cost method of accounting and is included in other assets in the consolidated balance sheet. |
Note 4 - Loans and Allowance fo
Note 4 - Loans and Allowance for Loan Losses | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Receivables [Abstract] | ||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. Loans and Allowance for Loan Losses The Company’s loan and allowance for loan loss policies are as follows: Loans are stated at unpaid principal balances, less net deferred loan fees and the allowance for loan losses. The Company grants real estate mortgage, commercial business and consumer loans. A substantial portion of the loan portfolio is represented by mortgage loans to customers in southern Indiana. The ability of the Company’s customers to honor their loan agreements is dependent upon the real estate and general economic conditions in this area. Loan origination and commitment fees, as well as certain direct costs of underwriting and closing loans, are deferred and amortized as a yield adjustment to interest income over the lives of the related loans using the interest method. Amortization of net deferred loan fees is discontinued when a loan is placed on nonaccrual status. The recognition of income on a loan is discontinued and previously accrued interest is reversed, when interest or principal payments become ninety (90) days past due unless, in the opinion of management, the outstanding interest remains collectible. Past due status is determined based on contractual terms. Generally, by applying the cash receipts method, interest income is subsequently recognized only as received until the loan is returned to accrual status. The cash receipts method is used when the likelihood of further loss on the loan is remote. Otherwise, the Company applies the cost recovery method and applies all payments as a reduction of the unpaid principal balance until the loan qualifies for return to accrual status. Interest income on impaired loans is recognized using the cost recovery method, unless the likelihood of further loss on the loan is remote. A loan is restored to accrual status when all principal and interest payments are brought current and the borrower has demonstrated the ability to make future payments of principal and interest as scheduled, which generally requires that the borrower demonstrate a period of performance of at least six consecutive months. For portfolio segments other than consumer loans, the Company’s practice is to charge-off any loan or portion of a loan when the loan is determined by management to be uncollectible due to the borrower’s failure to meet repayment terms, the borrower’s deteriorating or deteriorated financial condition, the depreciation of the underlying collateral, the loan’s classification as a loss by regulatory examiners, or for other reasons. A partial charge-off is recorded on a loan when the uncollectibility of a portion of the loan has been confirmed, such as when a loan is discharged in bankruptcy, the collateral is liquidated, a loan is restructured at a reduced principal balance, or other identifiable events that lead management to determine the full principal balance of the loan will not be repaid. A specific reserve is recognized as a component of the allowance for estimated losses on loans individually evaluated for impairment. Partial charge-offs on nonperforming and impaired loans are included in the Company’s historical loss experience used to estimate the general component of the allowance for loan losses as discussed below. Specific reserves are not considered charge-offs in management’s analysis of the allowance for loan losses because they are estimates and the outcome of the loan relationship is undetermined. At June 30, 2015, the Company had 11 loans on which partial charge-offs of $464,000 had been recorded. Consumer loans not secured by real estate are typically charged off at 90 days past due, or earlier if deemed uncollectible, unless the loans are in the process of collection. Overdrafts are charged off after 45 days past due. Charge-offs are typically recorded on loans secured by real estate when the property is foreclosed upon. The allowance for loan losses reflects management’s judgment of probable loan losses inherent in the loan portfolio at the balance sheet date. Additions to the allowance for loan losses are made by the provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The Company uses a disciplined process and methodology to evaluate the allowance for loan losses on at least a quarterly basis that is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are individually evaluated for impairment or loans otherwise classified as doubtful, substandard, or special mention. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and classified loans that are found, upon individual evaluation, to not be impaired. Such loans are pooled by segment and losses are modeled using annualized historical loss experience adjusted for qualitative factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the most recent twelve calendar quarters unless the historical loss experience is not considered indicative of the level of risk in the remaining balance of a particular portfolio segment, in which case an adjustment is determined by management. The Company’s historical loss experience is then adjusted by an overall loss factor weighting adjustment based on a qualitative analysis prepared by management and reviewed on a quarterly basis. The overall loss factor considers changes in underwriting standards, economic conditions, changes and trends in past due and classified loans and other internal and external factors. Management also applies additional loss factor multiples to loans classified as watch, special mention and substandard that are not individually evaluated for impairment. The loss factor multiples for classified loans are based on management’s assessment of historical trends regarding losses experienced on classified loans in prior periods. See below for additional discussion of the overall loss factor and loss factor multiples for classified loans as of June 30, 2015 and December 31, 2014, as well as a discussion of changes in management’s allowance for loan losses methodology from 2014 to 2015. Management exercises significant judgment in evaluating the relevant historical loss experience and the qualitative factors. Management also monitors the differences between estimated and actual incurred loan losses for loans considered impaired in order to evaluate the effectiveness of the estimation process and make any changes in the methodology as necessary. Management utilizes the following portfolio segments in its analysis of the allowance for loan losses: residential real estate, land, construction, commercial real estate, commercial business, home equity and second mortgage, and other consumer loans. Additional discussion of the portfolio segments and the risks associated with each segment can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Values for collateral dependent loans are generally based on appraisals obtained from independent licensed real estate appraisers, with adjustments applied for estimated costs to sell the property, costs to complete unfinished or repair damaged property and other factors. New appraisals are generally obtained for all significant properties when a loan is identified as impaired, and a property is considered significant if the value of the property is estimated to exceed $200,000. Subsequent appraisals are obtained as needed or if management believes there has been a significant change in the market value of the property. In instances where it is not deemed necessary to obtain a new appraisal, management bases its impairment and allowance for loan loss analysis on the original appraisal with adjustments for current conditions based on management’s assessment of market factors and management’s inspection of the property. At June 30, 2015, the recorded investments in loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $436,000. Loans at June 30, 2015 and December 31, 2014 consisted of the following: (In thousands) June 30, December 31, Real estate mortgage loans: Residential $ 107,136 $ 106,679 Land 10,526 11,028 Residential construction 13,691 10,347 Commercial real estate 75,521 78,314 Commercial real estate contruction 474 1,422 Commercial business loans 24,983 28,282 Consumer loans: Home equity and second mortgage loans 37,844 37,513 Automobile loans 27,194 25,274 Loans secured by savings accounts 920 1,018 Unsecured loans 3,445 3,316 Other consumer loans 6,007 5,075 Gross loans 307,741 308,268 Less undisbursed portion of loans in process (5,824 ) (3,325 ) Principal loan balance 301,917 304,943 Deferred loan origination fees, net 548 506 Allowance for loan losses (3,600 ) (4,846 ) Loans, net $ 298,865 $ 300,603 The following table provides the components of the Company’s recorded investment in loans at June 30, 2015: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 107,136 $ 10,526 $ 8,341 $ 75,521 $ 24,983 $ 37,844 $ 37,566 $ 301,917 Accrued interest receivable 339 38 21 168 131 124 146 967 Net deferred loan origination fees and costs 63 4 0 (37 ) (7 ) 525 0 548 Recorded investment in loans $ 107,538 $ 10,568 $ 8,362 $ 75,652 $ 25,107 $ 38,493 $ 37,712 $ 303,432 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,419 $ 20 $ 0 $ 1,800 $ 0 $ 143 $ 0 $ 3,382 Collectively evaluated for impairment 106,119 10,548 8,362 73,852 25,107 38,350 37,712 300,050 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 107,538 $ 10,568 $ 8,362 $ 75,652 $ 25,107 $ 38,493 $ 37,712 $ 303,432 The following table provides the components of the Company’s recorded investment in loans at December 31, 2014: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 106,679 $ 11,028 $ 8,444 $ 78,314 $ 28,282 $ 37,513 $ 34,683 $ 304,943 Accrued interest receivable 368 48 20 186 131 131 152 1,036 Net deferred loan origination fees and costs 49 4 (1 ) (20 ) (7 ) 481 0 506 Recorded investment in loans $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,411 $ 16 $ 0 $ 1,819 $ 1,642 $ 151 $ 0 $ 5,039 Collectively evaluated for impairment 105,685 11,064 8,463 76,661 26,764 37,974 34,835 301,446 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 An analysis of the allowance for loan losses as of June 30, 2015 is as follows: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 75 $ 0 $ 0 $ 8 $ 0 $ 10 $ 0 $ 93 Collectively evaluated for impairment 559 173 51 1,661 161 638 264 3,507 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 634 $ 173 $ 51 $ 1,669 $ 161 $ 648 $ 264 $ 3,600 An analysis of the allowance for loan losses as of December 31, 2014 is as follows: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 47 $ 0 $ 0 $ 11 $ 1,293 $ 0 $ 0 $ 1,351 Collectively evaluated for impairment 562 201 60 1,490 187 720 275 3,495 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 609 $ 201 $ 60 $ 1,501 $ 1,480 $ 720 $ 275 $ 4,846 An analysis of the changes in the allowance for loan losses for the three months and six months ended June 30, 2015 is as follows: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2015 Beginning balance $ 672 $ 197 $ 65 $ 1,462 $ 239 $ 716 $ 283 $ 3,634 Provisions for loan losses (39 ) (24 ) (14 ) 204 (58 ) (38 ) 19 50 Charge-offs 0 0 0 0 (22 ) (31 ) (72 ) (125 ) Recoveries 1 0 0 3 2 1 34 41 Ending balance $ 634 $ 173 $ 51 $ 1,669 $ 161 $ 648 $ 264 $ 3,600 Changes in Allowance for Loan Losses for the six-months ended June 30, 2015 Beginning balance $ 609 $ 201 $ 60 $ 1,501 $ 1,480 $ 720 $ 275 $ 4,846 Provisions for loan losses 42 (28 ) (9 ) 156 (117 ) (45 ) 51 50 Charge-offs (20 ) 0 0 0 (1,205 ) (33 ) (124 ) (1,382 ) Recoveries 3 0 0 12 3 6 62 86 Ending balance $ 634 $ 173 $ 51 $ 1,669 $ 161 $ 648 $ 264 $ 3,600 An analysis of the changes in the allowance for loan losses for the three months and six months ended June 30, 2014 is as follows: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2014 Beginning balance $ 838 $ 144 $ 70 $ 1,276 $ 1,450 $ 902 $ 331 $ 5,011 Provisions for loan losses 24 9 8 4 (10 ) 41 14 90 Charge-offs (21 ) 0 0 0 0 (36 ) (36 ) (93 ) Recoveries 2 0 0 0 4 25 27 58 Ending balance $ 843 $ 153 $ 78 $ 1,280 $ 1,444 $ 932 $ 336 $ 5,066 Changes in Allowance for Loan Losses for the six-months ended June 30, 2014 Beginning balance $ 811 $ 152 $ 63 $ 1,284 $ 1,446 $ 877 $ 289 $ 4,922 Provisions for loan losses 113 1 15 (4 ) (7 ) (70 ) 67 115 Charge-offs (84 ) 0 0 0 0 (54 ) (88 ) (226 ) Recoveries 3 0 0 0 5 179 68 255 Ending balance $ 843 $ 153 $ 78 $ 1,280 $ 1,444 $ 932 $ 336 $ 5,066 At June 30, 2015 and December 31, 2014, management applied specific qualitative factor adjustments to the residential real estate, construction, commercial real estate, commercial business, vacant land, and home equity and second mortgage portfolio segments as they determined that the historical loss experience was not indicative of the level of risk in the remaining balance of those portfolio segments. These adjustments increased the loss factors by 0.25% to 20% for certain loan groups, and increased the estimated allowance for loan losses related to those portfolio segments by approximately $1.4 million and $1.6 million at June 30, 2015 and December 31, 2014, respectively. These changes were made to reflect management’s estimates of inherent losses in these portfolio segments at June 30, 2015 and December 31, 2014. At June 30, 2015 and December 31, 2014, for each loan portfolio segment, management applied an overall qualitative factor of 1.18 to the Company’s historical loss factors. The overall qualitative factor is derived from management’s analysis of changes and trends in the following qualitative factors: underwriting standards, economic conditions, past due loans and other internal and external factors. Each of the four factors above was assigned an equal weight to arrive at an average for the overall qualitative factor of 1.18 at June 30, 2015 and December 31, 2014, respectively. The effect of the overall qualitative factor was to increase the estimated allowance for loan losses by $527,000 and $520,000 at June 30, 2015 and December 31, 2014, respectively. Additional discussion of the overall qualitative factor can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. There were no changes in management’s assessment of the overall qualitative factor components from December 31, 2014 to June 30, 2015. Management also adjusts the historical loss factors for loans classified as watch, special mention and substandard that are not individually evaluated for impairment. The adjustments consider the increased likelihood of loss on classified loans based on the Company’s separate historical experience for classified loans. The effect of the adjustments for classified loans was to increase the estimated allowance for loan losses by $532,000 and $664,000 at June 30, 2015 and December 31, 2014, respectively. The following table summarizes the Company’s impaired loans as of June 30, 2015 and for the three months and six months ended June 30, 2015. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three or six month periods ended June 30, 2015: At June 30, 2015 Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Recorded Unpaid Related Average Interest Average Interest (In thousands) Loans with no related allowance recorded: Residential $ 1,122 $ 1,444 $ 0 $ 1,235 $ 5 $ 1,204 $ 10 Land 20 22 0 20 0 18 0 Construction 0 0 0 0 0 0 0 Commercial real estate 1,762 1,801 0 1,773 19 1,774 38 Commercial business 0 0 0 13 0 9 0 Home equity/2nd mortgage 63 81 0 65 0 67 1 Other consumer 0 0 0 0 0 0 0 2,967 3,348 0 3,106 24 3,072 49 Loans with an allowance recorded: Residential 297 335 75 254 0 259 0 Land 0 0 0 0 0 0 0 Construction 0 0 0 0 0 0 0 Commercial real estate 38 63 8 39 0 40 0 Commercial business 0 0 0 18 0 559 0 Home equity/2nd mortgage 80 81 10 80 0 80 0 Other consumer 0 0 0 0 0 0 0 415 479 93 391 0 938 0 Total: Residential 1,419 1,779 75 1,489 5 1,463 10 Land 20 22 0 20 0 18 0 Construction 0 0 0 0 0 0 0 Commercial real estate 1,800 1,864 8 1,812 19 1,814 38 Commercial business 0 0 0 31 0 568 0 Home equity/2nd mortgage 143 162 10 145 0 147 1 Other consumer 0 0 0 0 0 0 0 $ 3,382 $ 3,827 $ 93 $ 3,497 $ 24 $ 4,010 $ 49 The following table summarizes the Company’s impaired loans for the three months and six months ended June 30, 2014. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three or six month periods ended June 30, 2014: Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 Average Interest Average Interest Loans with no related allowance recorded: Residential $ 1,345 $ 8 $ 1,427 $ 18 Land 119 0 119 0 Construction 130 0 87 0 Commercial real estate 1,525 17 1,562 34 Commercial business 94 0 126 0 Home equity/2nd mortgage 169 0 197 1 Other consumer 0 0 0 0 3,382 25 3,518 53 Loans with an allowance recorded: Residential 436 0 440 0 Land 3 0 2 0 Construction 0 0 0 0 Commercial real estate 1,123 0 1,065 0 Commercial business 1,726 0 1,720 0 Home equity/2nd mortgage 16 0 18 0 Other consumer 0 0 0 0 3,304 0 3,245 0 Total: Residential 1,781 8 1,867 18 Land 122 0 121 0 Construction 130 0 87 0 Commercial real estate 2,648 17 2,627 34 Commercial business 1,820 0 1,846 0 Home equity/2nd mortgage 185 0 215 1 Other consumer 0 0 0 0 $ 6,686 $ 25 $ 6,763 $ 53 The following table summarizes the Company’s impaired loans as of December 31, 2014: Recorded Unpaid Related (In thousands) Loans with no related allowance recorded: Residential $ 1,141 $ 1,446 $ 0 Land 16 18 0 Construction 0 0 0 Commercial real estate 1,777 1,808 0 Commercial business 0 0 0 Home equity/2nd mortgage 71 87 0 Other consumer 0 0 0 3,005 3,359 0 Loans with an allowance recorded: Residential 270 304 47 Land 0 0 0 Construction 0 0 0 Commercial real estate 42 65 11 Commercial business 1,642 1,909 1,293 Home equity/2nd mortgage 80 98 0 Other consumer 0 0 0 2,034 2,376 1,351 Total: Residential 1,411 1,750 47 Land 16 18 0 Construction 0 0 0 Commercial real estate 1,819 1,873 11 Commercial business 1,642 1,909 1,293 Home equity/2nd mortgage 151 185 0 Other consumer 0 0 0 $ 5,039 $ 5,735 $ 1,351 Nonperforming loans consists of nonaccrual loans and loans over 90 days past due and still accruing interest. The following table presents the recorded investment in nonperforming loans at June 30, 2015 and December 31, 2014: June 30, 2015 December 31, 2014 Nonaccrual Loans 90+ Days Total Nonaccrual Loans 90+ Days Total (In thousands) Residential $ 1,069 $ 14 $ 1,083 $ 919 $ 68 $ 987 Land 20 0 20 16 0 16 Construction 0 0 0 0 0 0 Commercial real estate 434 21 455 433 0 433 Commercial business 0 0 0 1,642 0 1,642 Home equity/2nd mortgage 122 0 122 129 14 143 Other consumer 0 19 19 0 3 3 Total $ 1,645 $ 54 $ 1,699 $ 3,139 $ 85 $ 3,224 The following table presents the aging of the recorded investment in loans at June 30, 2015: 30-59 Days 60-89 Days 90 Days or More Total Current Total (In thousands) Residential $ 2,556 $ 519 $ 587 $ 3,662 $ 103,876 $ 107,538 Land 0 8 20 28 10,540 10,568 Construction 0 0 0 0 8,362 8,362 Commercial real estate 0 192 77 269 75,383 75,652 Commercial business 0 0 0 0 25,107 25,107 Home equity/2nd mortgage 124 92 3 219 38,274 38,493 Other consumer 200 25 19 244 37,468 37,712 Total $ 2,880 $ 836 $ 706 $ 4,422 $ 299,010 $ 303,432 The following table presents the aging of the recorded investment in loans at December 31, 2014: 30-59 Days 60-89 Days 90 Days or More Total Current Total (In thousands) Residential $ 3,070 $ 551 $ 308 $ 3,929 $ 103,167 $ 107,096 Land 24 124 0 148 10,932 11,080 Construction 0 0 0 0 8,463 8,463 Commercial real estate 54 133 42 229 78,251 78,480 Commercial business 0 0 0 0 28,406 28,406 Home equity/2nd mortgage 153 23 97 273 37,852 38,125 Other consumer 263 26 3 292 34,543 34,835 Total $ 3,564 $ 857 $ 450 $ 4,871 $ 301,614 $ 306,485 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, public information, historical payment experience, credit documentation, and current economic trends, among other factors. The Company classifies loans based on credit risk at least quarterly. The Company uses the following regulatory definitions for risk ratings: Special Mention: Substandard: Doubtful: Loss: Loans not meeting the criteria above that are analyzed individually as part of the described process are considered to be pass rated loans. The following table presents the recorded investment in loans by risk category as of the date indicated: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) June 30, 2015 Pass $ 105,401 $ 7,661 $ 8,362 $ 72,937 $ 24,264 $ 38,229 $ 37,639 $ 294,493 Special Mention 100 92 0 1,649 514 1 57 2,413 Substandard 968 2,795 0 632 329 141 16 4,881 Doubtful 1,069 20 0 434 0 122 0 1,645 Loss 0 0 0 0 0 0 0 0 Total $ 107,538 $ 10,568 $ 8,362 $ 75,652 $ 25,107 $ 38,493 $ 37,712 $ 303,432 December 31, 2014 Pass $ 104,780 $ 7,969 $ 7,722 $ 73,204 $ 26,137 $ 37,860 $ 34,770 $ 292,442 Special Mention 105 94 741 2,648 298 2 49 3,937 Substandard 1,292 3,001 0 2,195 329 134 16 6,967 Doubtful 919 16 0 433 1,642 129 0 3,139 Loss 0 0 0 0 0 0 0 0 Total $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 The following table summarizes the Company’s troubled debt restructurings (TDRs) by accrual status as of June 30, 2015 and December 31, 2014: June 30, 2015 December 31, 2014 Accruing Nonaccrual Total Related Allowance Accruing Nonaccrual Total Related Allowance (In thousands) Troubled debt restructurings: Residential real estate $ 349 $ 310 $ 659 $ 3 $ 492 $ 166 $ 658 $ 6 Commercial real estate 1,367 331 1,698 0 1,386 338 1,724 0 Commercial business 0 0 0 0 0 1,642 1,642 1,292 Home equity and 2nd mortgage 21 0 21 0 22 0 22 0 Total $ 1,737 $ 641 $ 2,378 $ 3 $ 1,900 $ 2,146 $ 4,046 $ 1,298 At June 30, 2015 and December 31, 2014, there were no commitments to lend additional funds to debtors whose loan terms have been modified in a TDR. There were no TDRs that were restructured during the three or six months ended June 30, 2015. The following table summarizes information in regard to TDRs that were restructured during the six months ended June 30, 2014. There were no TDRs that were restructured during the three months ended June 30, 2014: Six months ended June 30, 2014 Number of Pre-Modification Post-Modification (Dollars in thousands) Troubled debt restructurings: Commercial real estate 3 $ 542 $ 542 Total 3 $ 542 $ 542 For the TDRs listed above, the terms of modification included a temporary decrease in the borrowers’ monthly payments. There were no principal charge-offs recorded as a result of TDRs during the three months and six months ended June 30, 2014, and there was no specific allowance for loan losses related to TDRs modified during the three months and six months ended June 30, 2014. There were no TDRs modified within the previous 12 months for which there was a subsequent payment default (defined as the loan becoming more than 90 days past due, being moved to nonaccrual status, or the collateral being foreclosed upon) during the three months and six months ended June 30, 2015 and 2014. In the event that a TDR subsequently defaults, the Company evaluates the restructuring for possible impairment. As a result, the related allowance for loan losses may be increased or charge-offs may be taken to reduce the carrying amount of the loan. | (4) LOANS AND ALLOWANCE FOR LOAN LOSSES Loans at December 31, 2014 and 2013 consisted of the following: (In thousands) 2014 2013 Real estate mortgage loans: Residential $ 106,679 $ 107,029 Land 11,028 10,309 Residential construction 10,347 14,423 Commercial real estate 78,314 76,496 Commercial real estate construction 1,422 1,715 Commercial business loans 28,282 21,956 Consumer loans: Home equity and second mortgage loans 37,513 34,815 Automobile loans 25,274 23,983 Loans secured by savings accounts 1,018 1,138 Unsecured loans 3,316 3,541 Other consumer loans 5,075 4,824 Gross loans 308,268 300,229 Less undisbursed portion of loans in process (3,325 ) (7,142 ) Principal loan balance 304,943 293,087 Deferred loan origination fees, net 506 341 Allowance for loan losses (4,846 ) (4,922 ) Loans, net $ 300,603 $ 288,506 At December 31, 2014, residential mortgage loans secured by residential properties without private mortgage insurance or government guarantee and with loan-to-value ratios exceeding 90% amounted to approximately $2.5 million. Mortgage loans serviced for the benefit of others amounted to $169,000 and $200,000 at December 31, 2014 and 2013, respectively. The Bank has entered into loan transactions with certain directors, officers and their affiliates (i.e., related parties). In the opinion of management, such indebtedness was incurred in the ordinary course of business on substantially the same terms, including interest rate and collateral, as those prevailing at the time for comparable transactions with unrelated persons. The following table represents the aggregate activity for related party loans during the year ended December 31, 2014. The beginning balance has been adjusted to reflect new directors and officers, as well as directors and officers that are no longer with the Company. (In thousands) Beginning balance $ 6,549 New loans 10,612 Payments (8,507 ) Ending balance $ 8,654 A director of the Company and the Bank is a shareholder of a farm implement dealership that contracts with the Bank to provide sales financing to the dealership’s customers. In the opinion of management, these transactions were made in the ordinary course of business on substantially the same terms, including interest rate and collateral, as those prevailing at the time for comparable transactions with unrelated parties. During the year ended December 31, 2014, the Bank purchased approximately $978,000 of loans to customers of the corporation and the aggregate outstanding balance of all loans purchased from the corporation was approximately $1.2 million and $951,000 at December 31, 2014 and 2013, respectively. The following table provides the components of the Company’s recorded investment in loans at December 31, 2014 and 2013: Residential Real Estate Land Construction Commercial Real Estate Commercial Business Home Equity and Second Mortgage Other Consumer Total (In thousands) December 31, 2014 Principal loan balance $ 106,679 $ 11,028 $ 8,444 $ 78,314 $ 28,282 $ 37,513 $ 34,683 $ 304,943 Accrued interest receivable 368 48 20 186 131 131 152 1,036 Net deferred loan origination fees and costs 49 4 (1 ) (20 ) (7 ) 481 0 506 Recorded investment in loans $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 December 31, 2013 Principal loan balance $ 107,029 $ 10,309 $ 8,996 $ 76,496 $ 21,956 $ 34,815 $ 33,486 $ 293,087 Accrued interest receivable 427 49 22 202 56 126 168 1,050 Net deferred loan origination fees and costs 52 2 0 (32 ) (9 ) 328 0 341 Recorded investment in loans $ 107,508 $ 10,360 $ 9,018 $ 76,666 $ 22,003 $ 35,269 $ 33,654 $ 294,478 An analysis of the allowance for loan losses and recorded investment in loans as of and for the year ended December 31, 2014 is as follows: Residential Real Estate Land Construction Commercial Real Estate Commercial Business Home Equity and Second Mortgage Other Consumer Total (In thousands) Allowance for Loan Losses: Beginning balance $ 811 $ 152 $ 63 $ 1,284 $ 1,446 $ 877 $ 289 $ 4,922 Provisions (69 ) 49 (3 ) 211 23 (195 ) 174 190 Charge-offs (140 ) 0 0 0 (6 ) (154 ) (320 ) (620 ) Recoveries 7 0 0 6 17 192 132 354 Ending balance $ 609 $ 201 $ 60 $ 1,501 $ 1,480 $ 720 $ 275 $ 4,846 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 47 $ 0 $ 0 $ 11 $ 1,293 $ 0 $ 0 $ 1,351 Collectively evaluated for impairment 562 201 60 1,490 187 720 275 3,495 Ending balance $ 609 $ 201 $ 60 $ 1,501 $ 1,480 $ 720 $ 275 $ 4,846 Recorded Investment in Loans: Individually evaluated for impairment $ 1,411 $ 16 $ 0 $ 1,819 $ 1,642 $ 151 $ 0 $ 5,039 Collectively evaluated for impairment 105,685 11,064 8,463 76,661 26,764 37,974 34,835 301,446 Ending balance $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 An analysis of the allowance for loan losses and recorded investment in loans as of and for the year ended December 31, 2013 is as follows: Residential Real Estate Land Construction Commercial Real Estate Commercial Business Home Equity and Second Mortgage Other Consumer Total (In thousands) Allowance for Loan Losses: Beginning balance $ 922 $ 71 $ 0 $ 1,310 $ 1,223 $ 919 $ 291 $ 4,736 Provisions 182 83 63 47 169 4 177 725 Charge-offs (353 ) (2 ) 0 (90 ) (20 ) (90 ) (337 ) (892 ) Recoveries 60 0 0 17 74 44 158 353 Ending balance $ 811 $ 152 $ 63 $ 1,284 $ 1,446 $ 877 $ 289 $ 4,922 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 112 $ 0 $ 0 $ 145 $ 1,259 $ 13 $ 0 $ 1,529 Collectively evaluated for impairment 699 152 63 1,139 187 864 289 3,393 Ending balance $ 811 $ 152 $ 63 $ 1,284 $ 1,446 $ 877 $ 289 $ 4,922 Recorded Investment in Loans: Individually evaluated for impairment $ 2,040 $ 120 $ 0 $ 2,586 $ 1,898 $ 276 $ 0 $ 6,920 Collectively evaluated for impairment 105,468 10,240 9,018 74,080 20,105 34,993 33,654 287,558 Ending balance $ 107,508 $ 10,360 $ 9,018 $ 76,666 $ 22,003 $ 35,269 $ 33,654 $ 294,478 At December 31, 2014 and 2013, management applied specific qualitative factor adjustments to the residential real estate, construction, commercial real estate, commercial business, vacant land, and home equity and second mortgage portfolio segments as they determined that the historical loss experience was not indicative of the level of risk in the remaining balance of those portfolio segments. These adjustments increased the loss factors by 0.25% to 20% for certain loan groups, and increased the estimated allowance for loan losses related to those portfolio segments by approximately $1.6 million and $1.4 million, respectively. These changes were made to reflect management’s estimates of inherent losses in these portfolio segments at December 31, 2014 and 2013. At December 31, 2014 and 2013, for each loan portfolio segment management applied an overall qualitative factor of 1.18 to the Company’s historical loss factors. The overall qualitative factor is derived from management’s analysis of changes and trends in the following qualitative factors: · Underwriting Standards – Management reviews the findings of periodic internal audit loan reviews, independent outsourced loan reviews and loan reviews performed by the banking regulators to evaluate the risk associated with changes in underwriting standards. At December 31, 2014 and 2013, management assessed the risk associated with this component as neutral, requiring no adjustment to the historical loss factors. · Economic Conditions – Management analyzes trends in housing and unemployment data in the Harrison, Floyd and Clark counties of Indiana, the Company’s primary market area, to evaluate the risk associated with economic conditions. Due to a decrease in new home construction and an increase in unemployment in the Company’s primary market area, management assigned a risk factor of 1.20 for this component at December 31, 2014 and 2013. · Past Due Loans – Management analyzes trends in past due loans for the Company to evaluate the risk associated with delinquent loans. In general, past due loan ratios have remained at elevated levels compared to historical amounts since 2007, and management assigned a risk factor of 1.20 for this component at December 31, 2014 and 2013. · Other Internal and External Factors – This component includes management’s consideration of other qualitative factors such as loan portfolio composition. The Company has focused on the origination of commercial business and real estate loans in an effort to convert the Company’s balance sheet from that of a traditional thrift institution to a commercial bank. In addition, the Company has increased its investment in mortgage loans in which it does not hold a first lien position. Commercial loans and second mortgage loans generally entail greater credit risk than residential mortgage loans secured by a first lien. As a result of changes in the loan portfolio composition and other factors, management has maintained the elevated risk factor of 1.30 for this component at December 31, 2014 and 2013. Each of the four factors above was assigned an equal weight to arrive at an average for the overall qualitative factor of 1.18 at December 31, 2014 and 2013. The effect of the overall qualitative factor was to increase the estimated allowance for loan losses by $520,000 and $471,000 at December 31, 2014 and 2013, respectively. Management also adjusts the historical loss factors for loans classified as watch, special mention and substandard that are not individually evaluated for impairment. The adjustments consider the increased likelihood of loss on classified loans based on the Company’s separate historical experience for classified loans. The effect of the adjustments for classified loans was to increase the estimated allowance for loan losses by $664,000 and $521,000 at December 31, 2014 and 2013, respectively. The following table summarizes the Company’s impaired loans as of and for the year ended December 31, 2014. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the year ended December 31, 2014. Recorded Investment Unpaid Principal Balance Average Related Allowance Interest Recorded Investment Income Recognized (In thousands) Loans with no related allowance recorded Residential real estate $ 1,141 $ 1,446 $ 0 $ 1,293 $ 26 Land 16 18 0 96 0 Construction 0 0 0 52 0 Commercial real estate 1,777 1,808 0 1,626 70 Commercial business 0 0 0 113 0 Home equity and second mortgage 71 87 0 147 2 Other consumer 0 0 0 0 0 $ 3,005 $ 3,359 $ 0 $ 3,327 $ 98 Loans with an allowance recorded Residential real estate $ 270 $ 304 $ 47 $ 369 $ 0 Land 0 0 0 1 0 Construction 0 0 0 0 0 Commercial real estate 42 65 11 656 0 Commercial business 1,642 1,909 1,293 1,696 0 Home equity and second mortgage 80 98 0 46 0 Other consumer 0 0 0 0 0 $ 2,034 $ 2,376 $ 1,351 $ 2,768 $ 0 Total Residential real estate $ 1,411 $ 1,750 $ 47 $ 1,662 $ 26 Land 16 18 0 97 0 Construction 0 0 0 52 0 Commercial real estate 1,819 1,873 11 2,282 70 Commercial business 1,642 1,909 1,293 1,809 0 Home equity and second mortgage 151 185 0 193 2 Other consumer 0 0 0 0 0 $ 5,039 $ 5,735 $ 1,351 $ 6,095 $ 98 The following table summarizes the Company’s impaired loans as of and for the year ended December 31, 2013. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the year ended December 31, 2013. Recorded Investment Unpaid Principal Balance Average Related Allowance Interest Recorded Investment Income Recognized (In thousands) Loans with no related allowance recorded Residential real estate $ 1,591 $ 1,869 $ 0 $ 1,508 $ 32 Land 120 131 0 124 0 Construction 0 0 0 173 0 Commercial real estate 1,637 1,643 0 1,410 63 Commercial business 189 209 0 38 4 Home equity and second mortgage 254 268 0 164 5 Other consumer 0 0 0 0 0 $ 3,791 $ 4,120 $ 0 $ 3,417 $ 104 Loans with an allowance recorded Residential real estate $ 449 $ 487 $ 112 $ 624 $ 2 Land 0 0 0 1 0 Construction 0 0 0 0 0 Commercial real estate 949 1,048 145 1,108 0 Commercial business 1,709 1,909 1,259 1,801 0 Home equity and second mortgage 22 22 13 47 0 Other consumer 0 0 0 0 0 $ 3,129 $ 3,466 $ 1,529 $ 3,581 $ 2 Total Residential real estate $ 2,040 $ 2,356 $ 112 $ 2,132 $ 34 Land 120 131 0 125 0 Construction 0 0 0 173 0 Commercial real estate 2,586 2,691 145 2,518 63 Commercial business 1,898 2,118 1,259 1,839 4 Home equity and second mortgage 276 290 13 211 5 Other consumer 0 0 0 0 0 $ 6,920 $ 7,586 $ 1,529 $ 6,998 $ 106 Nonperforming loans consists of nonaccrual loans and loans over 90 days past due and still accruing interest. The following table presents the recorded investment in nonperforming loans at December 31, 2014 and 2013: December 31, 2014 December 31, 2013 Nonaccrual Loans Loans 90+ Days Past Due Still Accruing Total Nonperforming Loans Nonaccrual Loans Loans 90+ Days Past Due Still Accruing Total Nonperforming Loans (In thousands) Residential real estate $ 919 $ 68 $ 987 $ 1,533 $ 180 $ 1,713 Land 16 0 16 120 0 120 Construction 0 0 0 0 0 0 Commercial real estate 433 0 433 1,456 0 1,456 Commercial business 1,642 0 1,642 1,898 0 1,898 Home equity and second mortgage 129 14 143 252 39 291 Other consumer 0 3 3 0 8 8 Total $ 3,139 $ 85 $ 3,224 $ 5,259 $ 227 $ 5,486 The following table presents the aging of the recorded investment in loans at December 31, 2014: 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Current Total Loans (In thousands) Residential real estate $ 3,070 $ 551 $ 308 $ 3,929 $ 103,167 $ 107,096 Land 24 124 0 148 10,932 11,080 Construction 0 0 0 0 8,463 8,463 Commercial real estate 54 133 42 229 78,251 78,480 Commercial business 0 0 0 0 28,406 28,406 Home equity and second mortgage 153 23 97 273 37,852 38,125 Other consumer 263 26 3 292 34,543 34,835 Total $ 3,564 $ 857 $ 450 $ 4,871 $ 301,614 $ 306,485 The following table presents the aging of the recorded investment in loans at December 31, 2013: 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Current Total Loans (In thousands) Residential real estate $ 3,160 $ 830 $ 701 $ 4,691 $ 102,817 $ 107,508 Land 162 109 12 283 10,077 10,360 Construction 0 0 0 0 9,018 9,018 Commercial real estate 231 500 49 780 75,886 76,666 Commercial business 0 0 189 189 21,814 22,003 Home equity and second mortgage 411 24 132 567 34,702 35,269 Other consumer 296 34 8 338 33,316 33,654 Total $ 4,260 $ 1,497 $ 1,091 $ 6,848 $ 287,630 $ 294,478 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, public information, historical payment experience, credit documentation, and current economic trends, among other factors. The Company classifies loans based on credit risk at least quarterly. The Company uses the following regulatory definitions for risk ratings: Special Mention: Substandard: Doubtful: Loss: Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass rated loans. The following table presents the recorded investment in loans by risk category as of the date indicated: Residential Real Estate Land Construction Commercial Real Estate Commercial Business Home Equity and Second Mortgage Other Consumer Total (In thousands) December 31, 2014 Pass $ 104,780 $ 7,969 $ 7,722 $ 73,204 $ 26,137 $ 37,860 $ 34,770 $ 292,442 Special mention 105 94 741 2,648 298 2 49 3,937 Substandard 1,292 3,001 0 2,195 329 134 16 6,967 Doubtful 919 16 0 433 1,642 129 0 3,139 Loss 0 0 0 0 0 0 0 0 Total $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 December 31, 2013 Pass $ 103,594 $ 7,096 $ 9,018 $ 71,893 $ 19,328 $ 34,693 $ 33,627 $ 279,249 Special mention 756 0 0 2,627 458 198 27 4,066 Substandard 1,625 3,144 0 690 319 126 0 5,904 Doubtful 1,533 120 0 1,456 1,898 252 0 5,259 Loss 0 0 0 0 0 0 0 0 Total $ 107,508 $ 10,360 $ 9,018 $ 76,666 $ 22,003 $ 35,269 $ 33,654 $ 294,478 Troubled Debt Restructurings The following table summarizes the Company’s TDRs by accrual status as of December 31, 2014 and 2013: December 31, 2014 December 31, 2013 Accruing Nonaccrual Total Related Allowance for Loan Losses Accruing Nonaccrual Total Related Allowance for Loan Losses (In thousands) Residential real estate $ 492 $ 166 $ 658 $ 6 $ 508 $ 226 $ 734 $ 45 Commercial real estate 1,386 338 1,724 0 1,130 0 1,130 0 Commercial business 0 1,642 1,642 1,292 0 1,709 1,709 1,259 Home equity and second mortgage 22 0 22 0 24 0 24 0 Total $ 1,900 $ 2,146 $ 4,046 $ 1,298 $ 1,662 $ 1,935 $ 3,597 $ 1,304 At December 31, 2014 and 2013, there were no commitments to lend additional funds to debtors whose loan terms have been modified in a TDR. The following table summarizes information in regard to TDRs that were restructured during the year ended December 31, 2014: Number of Contracts Pre-Modification Outstanding Balance Post-Modification Outstanding Balance (In thousands) Commercial real estate 5 $ 641 $ 641 Total 5 $ 641 $ 641 For the TDRs listed above, the terms of modification included temporary interest-only payment periods and a temporary decrease in the borrowers’ monthly payments. There were no principal charge-offs recorded as a result of TDRs during 2014 and there was no specific allowance for loan losses related to TDRs modified during 2014 at December 31, 2014. The following table summarizes information in regard to TDRs that were restructured during the year ended December 31, 2013: Number of Contracts Pre-Modification Outstanding Balance Post-Modification Outstanding Balance (In thousands) Residential real estate 5 $ 310 $ 310 Total 5 $ 310 $ 310 For the TDRs listed above, the terms of modification included reduction of the stated interest rate and the extension of the maturity date. There were no principal charge-offs recorded as a result of TDRs during 2013 and there was no specific allowance for loan losses related to TDRs modified during 2013 at December 31, 2013. There were no TDRs modified within the previous 12 months for which there was a subsequent payment default (defined as the loan becoming more than 90 days past due, being moved to nonaccrual status, or the collateral being foreclosed upon) during the years ended December 31, 2014 and 2013. In the event that a TDR subsequently defaults, the Company evaluates the restructuring for possible impairment. As a result, the related allowance for loan losses may be increased or charge-offs may be taken to reduce the carrying amount of the loan. |
Note 5 - Supplemental Disclosur
Note 5 - Supplemental Disclosure for Earnings Per Share | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Earnings Per Share [Abstract] | ||
Earnings Per Share [Text Block] | 5. Supplemental Disclosure for Earnings Per Share Three Months Ended Six Months Ended 6/30/2015 6/30/2014 6/30/2015 6/30/2014 Basic (Dollars in thousands, except for share and per share data) Earnings: Net income attributable to First Capital, Inc. $ 1,228 $ 1,518 $ 2,694 $ 2,815 Shares: Weighted average common shares outstanding 2,740,689 2,757,335 2,740,596 2,770,637 Net income attributable to First Capital, Inc. per common share, basic $ 0.45 $ 0.55 $ 0.98 $ 1.02 Diluted Earnings: Net income attributable to First Capital, Inc. $ 1,228 $ 1,518 $ 2,694 $ 2,815 Shares: Weighted average common shares outstanding 2,740,689 2,757,335 2,740,596 2,770,637 Add: Dilutive effect of restricted stock 506 0 156 0 Weighted average common shares outstanding, as adjusted 2,741,195 2,757,335 2,740,752 2,770,637 Net income attributable to First Capital, Inc. per common share, diluted $ 0.45 $ 0.55 $ 0.98 $ 1.02 Nonvested restricted stock shares are not considered as outstanding for purposes of computing weighted average common shares outstanding. | (23) SUPPLEMENTAL DISCLOSURE FOR EARNINGS PER SHARE Years Ended December 31 2014 2013 (In thousands, except for share and per share data) Basic and Diluted: Earnings: Net income attributable to First Capital, Inc. $ 5,594 $ 5,074 Shares: Weighted average common shares outstanding 2,755,588 2,784,690 Net income per common share attributable $ 2.03 $ 1.82 |
Note 6 - Stock Option Plan
Note 6 - Stock Option Plan | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 6. Stock Option Plan On May 20, 2009, the Company adopted the 2009 Equity Incentive Plan (the Plan). The Plan provides for the award of stock options, restricted stock, performance shares and stock appreciation rights. The aggregate number of shares of the Company’s common stock available for issuance under the Plan may not exceed 223,000 shares. The Company may grant both non-statutory and statutory stock options which may not have a term exceeding ten years. In the case of incentive stock options, the aggregate fair value of the stock (determined at the time the incentive stock option is granted) for which any optionee may be granted incentive options which are first exercisable during any calendar year shall not exceed $100,000. Option prices may not be less than the fair market value of the underlying stock at the date of the grant. An award of a performance share is a grant of a right to receive shares of the Company’s common stock which is contingent upon the achievement of specific performance criteria or other objectives set at the grant date. Stock appreciation rights are equity or cash settled share-based compensation arrangements whereby the number of shares that will ultimately be issued or the cash payment is based upon the appreciation of the Company’s common stock. Awards granted under the Plan may be granted either alone, in addition to, or in tandem with, any other award granted under the Plan. The fair market value of stock options granted is estimated at the date of grant using an option pricing model. Expected volatilities are based on historical volatility of the Company's stock. The expected term of options granted represents the period of time that options are expected to be outstanding and is based on historical trends. The risk free rate for the expected life of the options is based on the U.S. Treasury yield curve in effect at the time of grant. As of June 30, 2015, no stock options had been granted under the Plan. On February 17, 2015, the Company granted 19,500 restricted stock shares to directors, officers and key employees at a grant-date price of $24.50 per share for a total of $478,000. The restricted stock vests ratably from the grant date through July 1, 2020, with 20% of the shares vesting each year on July 1 beginning July 1, 2016. Compensation expense is measured based on the fair market value of the restricted stock at the grant date and is recognized ratably over the period during which the shares are earned (the vesting period). Compensation expense related to restricted stock recognized for the three-month and six-month periods ended June 30, 2015 amounted to $21,000 and $38,000, respectively. A summary of the Company’s nonvested restricted shares activity under the Plan as of June 30, 2015 and changes during the six-month period then ended is presented below. Number Weighted Nonvested at January 1, 2015 - - Granted 19,500 $ 24.50 Vested 500 24.50 Forfeited 1,000 24.50 Nonvested at June 30, 2015 18,000 $ 24.50 There were 500 restricted shares that vested during the six-month period ended June 30, 2015, upon the retirement of a director. The total fair value of restricted shares that vested during the six-month period ended June 30, 2015 was $13,000. At June 30, 2015, there was $415,000 of total unrecognized compensation expense related to nonvested restricted shares. The compensation expense is expected to be recognized over the remaining vesting period of 5 years. | (15) STOCK-BASED COMPENSATION PLAN On May 20, 2009, the Company adopted the 2009 Equity Incentive Plan (the Plan). The Plan provides for the award of stock options, restricted stock, performance shares and stock appreciation rights. The aggregate number of shares of the Company’s common stock available for issuance under the Plan may not exceed 223,000 shares. The Company may grant both non-statutory and statutory stock options which may not have a term exceeding ten years. In the case of incentive stock options, the aggregate fair value of the stock (determined at the time the incentive stock option is granted) for which any optionee may be granted incentive options which are first exercisable during any calendar year shall not exceed $100,000. Option prices may not be less than the fair market value of the underlying stock at the date of the grant. An award of a performance share is a grant of a right to receive shares of the Company’s common stock which is contingent upon the achievement of specific performance criteria or other objectives set at the grant date. Stock appreciation rights are equity or cash settled share-based compensation arrangements whereby the number of shares that will ultimately be issued or the cash payment is based upon the appreciation of the Company’s common stock. Awards granted under the Plan may be granted either alone, in addition to, or in tandem with, any other award granted under the Plan. As of December 31, 2014, no awards had been granted under the Plan. The fair market value of stock options granted is estimated at the date of grant using an option pricing model. Expected volatilities are based on historical volatility of the Company's stock. The expected term of options granted represents the period of time that options are expected to be outstanding and is based on historical trends. The risk free rate for the expected life of the options is based on the U.S. Treasury yield curve in effect at the time of grant. On February 17, 2015, the Company granted 19,500 restricted stock shares to directors, officers and key employees at a grant-date price of $24.50 per share for a total of $478,000. Compensation expense will be recognized ratably over the five year vesting period. |
Note 7 - Supplemental Disclosur
Note 7 - Supplemental Disclosures of Cash Flow Information | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Supplemental Cash Flow Elements [Abstract] | ||
Cash Flow, Supplemental Disclosures [Text Block] | 7. Supplemental Disclosures of Cash Flow Information Six Months Ended 2015 2014 ( In thousands ) Cash payments for: Interest $ 516 $ 632 Taxes 1,035 1,042 Noncash investing activities: Transfers from loans to real estate acquired through foreclosure 562 75 | (24) SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION Years Ended December 31 (In thousands) 2014 2013 Cash payments for Interest $ 1,209 $ 1,751 Income taxes 2,464 2,357 Noncash investing activities: Transfers from loans to real estate $ 262 $ 1,149 Proceeds from sales of foreclosed 177 526 |
Note 8 - Fair Value Measurement
Note 8 - Fair Value Measurements | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Fair Value Disclosures [Abstract] | ||
Fair Value Disclosures [Text Block] | 8. Fair Value Measurements Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 820 , Fair Value Measurements, Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. Level 2: Inputs to the valuation methodology include quoted market prices for similar assets or liabilities in active markets; quoted market prices for identical or similar assets or liabilities in markets that are not active; or inputs that are derived principally from or can be corroborated by observable market data by correlation or other means. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth on the following page. These valuation methodologies were applied to all of the Company’s financial and nonfinancial assets carried at fair value or the lower of cost or fair value. The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of June 30, 2015 and December 31, 2014. The Company had no liabilities measured at fair value as of June 30, 2015 or December 31, 2014. Carrying Value (In thousands) Level 1 Level 2 Level 3 Total June 30, 2015 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ 0 $ 34,338 $ 0 $ 34,338 Agency CMO 0 11,462 0 11,462 Agency notes and bonds 0 18,533 0 18,533 Municipal obligations 0 32,551 0 32,551 Mutual funds 1,477 0 0 1,477 Total securities available for sale $ 1,477 $ 96,884 $ 0 $ 98,361 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ 0 $ 0 $ 1,344 $ 1,344 Land 0 0 20 20 Construction 0 0 0 0 Commercial real estate 0 0 1,792 1,792 Commercial business 0 0 0 0 Home equity and second mortgage 0 0 133 133 Total impaired loans $ 0 $ 0 $ 3,289 $ 3,289 Loans held for sale $ 0 $ 1,673 $ 0 $ 1,673 Foreclosed real estate: Residential real estate $ 0 $ 0 $ 87 $ 87 Commercial real estate 0 0 480 480 Total foreclosed real estate $ 0 $ 0 $ 567 $ 567 December 31, 2014 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ 0 $ 32,296 $ 0 $ 32,296 Agency CMO 0 14,385 0 14,385 Agency notes and bonds 0 18,120 0 18,120 Municipal obligations 0 33,342 0 33,342 Mutual funds 2,083 0 0 2,083 Total securities available for sale $ 2,083 $ 98,143 $ 0 $ 100,226 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ 0 $ 0 $ 1,364 $ 1,364 Land 0 0 16 16 Construction 0 0 0 0 Commercial real estate 0 0 1,808 1,808 Commercial business 0 0 349 349 Home equity and second mortgage 0 0 151 151 Total impaired loans $ 0 $ 0 $ 3,688 $ 3,688 Loans held for sale $ 0 $ 1,608 $ 0 $ 1,608 Foreclosed real estate: Residential real estate $ 0 $ 0 $ 78 $ 78 Total foreclosed real estate $ 0 $ 0 $ 78 $ 78 Fair value is based upon quoted market prices, where available. If quoted market prices are not available, fair value is based on internally developed models or obtained from third parties that primarily use, as inputs, observable market-based parameters or a matrix pricing model that employs the Bond Market Association’s standard calculations for cash flow and price/yield analysis and observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value, or the lower of cost or fair value. These adjustments may include unobservable parameters. Any such valuation adjustments have been applied consistently over time. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Securities Available for Sale . Impaired Loans Impaired loans are carried at the present value of estimated future cash flows using the loan's effective interest rate or the fair value of collateral less estimated costs to sell if the loan is collateral dependent. At June 30, 2015 and December 31, 2014, all impaired loans were considered to be collateral dependent for the purpose of determining fair value. Collateral may be real estate and/or business assets, including equipment, inventory and/or accounts receivable. The fair value of the collateral is generally determined based on real estate appraisals or other independent evaluations by qualified professionals, adjusted for estimated costs to sell the property, costs to complete or repair the property and other factors to reflect management’s estimate of the fair value of the collateral given the current market conditions and the condition of the collateral. At June 30, 2015 and December 31, 2014, the significant unobservable inputs used in the fair value measurement of impaired loans included a discount from appraised value for estimates of changes in market conditions, the condition of the collateral and estimated costs to sell the collateral ranging from 10% to 20% and 10% to 48%, respectively. The Company recognized provisions for loan losses of $82,000 and $21,000 for the six months ended June 30, 2015 and 2014, respectively, for impaired loans. The Company recognized provisions for loan losses of $47,000 and $8,000 for the three months ended June 30, 2015 and June 30, 2014, respectively. Loans Held for Sale Foreclosed Real Estate Foreclosed real estate is reported at fair value less estimated costs to dispose of the property. The fair values are determined by real estate appraisals which are then discounted to reflect management’s estimate of the fair value of the property given current market conditions and the condition of the collateral. At June 30, 2015, the significant unobservable inputs used in the fair value measurement of foreclosed real estate included a discount from appraised value for estimates of changes in market conditions, the condition of the collateral and estimated costs to sell the property ranging from 20% to 60%, with a weighted average of 30%. At December 31, 2014, the discount from appraised value ranged from 10% to 60%, with a weighted average of 40%. There were no charges to write down foreclosed real estate recognized in income for the three months and six months ended June 30, 2015, or the three months and six months ended June 30, 2014. There have been no changes in the valuation techniques and related inputs used for assets measured at fair value on a recurring and nonrecurring basis during the six month periods ended June 30, 2015 and 2014. There were no transfers into or out of the Company’s Level 3 financial assets for the six month periods ended June 30, 2015 and 2014. In addition, there were no transfers into or out of Levels 1 and 2 of the fair value hierarchy during the six month periods ended June 30, 2015 and 2014. GAAP requires disclosure of the fair value of financial assets and financial liabilities, whether or not recognized in the balance sheet. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The estimated fair values of the Company's financial instruments are as follows: Carrying Fair Fair Vale Measurements Using (In thousands) Value Value Level 1 Level 2 Level 3 June 30, 2015 Financial assets: Cash and cash equivalents $ 39,647 $ 39,647 $ 39,647 $ 0 $ 0 Interest-bearing time deposits 9,515 9,618 0 9,618 0 Securities available for sale 98,361 98,361 1,477 96,884 0 Securities held to maturity 5 5 0 5 0 Loans held for sale 1,673 1,708 0 1,708 0 Loans, net 298,865 298,602 0 0 298,602 FHLB stock 1,550 1,550 0 1,550 0 Accrued interest receivable 1,538 1,538 0 1,538 0 Cost method investment (included in other assets) 711 711 0 711 0 Financial liabilities: Deposits 416,247 415,785 0 0 415,785 Accrued interest payable 94 94 0 94 0 December 31, 2014: Financial assets: Cash and cash equivalents $ 33,243 $ 33,243 $ 33,243 $ 0 $ 0 Interest-bearing time deposits 8,270 8,370 0 8,370 0 Securities available for sale 100,226 100,226 2,083 98,143 0 Securities held to maturity 6 6 0 6 0 Loans held for sale 1,608 1,641 0 1,641 0 Loans, net 300,603 301,864 0 0 301,864 FHLB stock 2,241 2,241 0 2,241 0 Accrued interest receivable 1,580 1,580 0 1,580 0 Cost method investment (included in other assets) 711 711 0 711 0 Financial liabilities: Deposits 412,636 412,282 0 0 412,282 Accrued interest payable 127 127 0 127 0 The carrying amounts in the preceding table are included in the consolidated balances sheets under the applicable captions. The following methods and assumptions were used to estimate the fair value of each class of financial instrument for which it is practicable to estimate that value: Cash and Cash Equivalents and Interest-Bearing Time Deposits For cash and short-term investments, including cash and due from banks, interest-bearing deposits with banks, federal funds sold, and interest-bearing time deposits with other financial institutions, the carrying amount is a reasonable estimate of fair value. Investment Securities For marketable equity securities, the fair values are based on quoted market prices. For debt securities, the Company obtains fair value measurements from an independent pricing service and the fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, U.S. government and agency yield curves, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and the security’s terms and conditions, among other factors. For FHLB stock, a restricted equity security, the carrying amount is a reasonable estimate of fair value because it is not marketable. For other cost method equity investments where a quoted market value is not available, the carrying amount is a reasonable estimate of fair value. Loans The fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The carrying amount of accrued interest receivable approximates its fair value. The fair value of loans held for sale is based on specific prices of underlying contracts for sale to investors. Deposits The fair value of demand deposits, savings accounts, money market deposit accounts and other transaction accounts is the amount payable on demand at the balance sheet date. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities. The carrying amount of accrued interest payable approximates its fair value. Borrowed Funds The carrying amounts of retail repurchase agreements approximate their fair value. The fair value of advances from FHLB is estimated by discounting the future cash flows using the current rates at which similar loans with the same remaining maturities could be obtained. | (21) FAIR VALUE MEASUREMENTS FASB ASC Topic 820 , Fair Value Measurements, Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted market price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. Level 2: Inputs to the valuation methodology include quoted market prices for similar assets or liabilities in active markets; quoted market prices for identical or similar assets or liabilities in markets that are not active; or inputs that are derived principally from or can be corroborated by observable market data by correlation or other means. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Fair value is based upon quoted market prices, where available. If quoted market prices are not available, fair value is based on internally developed models or obtained from third parties that primarily use, as inputs, observable market-based parameters or a matrix pricing model that employs the Bond Market Association’s standard calculations for cash flow and price/yield analysis and observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value, or the lower of cost or fair value. These adjustments may include unobservable parameters. Any such valuation adjustments have been applied consistently over time. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Company’s financial and nonfinancial assets carried at fair value or the lower of cost or fair value. The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of December 31, 2014. The Company had no liabilities measured at fair value as of December 31, 2014. Carrying Value Level 1 Level 2 Level 3 Total (In thousands) December 31, 2014 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ 0 $ 32,296 $ 0 $ 32,296 Agency CMO 0 14,385 0 14,385 Agency notes and bonds 0 18,120 0 18,120 Municipal obligations 0 33,342 0 33,342 Mutual funds 2,083 0 0 2,083 Total securities available for sale $ 2,083 $ 98,143 $ 0 $ 100,226 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ 0 $ 0 $ 1,364 $ 1,364 Land 0 0 16 16 Commercial real estate 0 0 1,808 1,808 Commercial business 0 0 349 349 Home equity and second mortgage 0 0 151 151 Total impaired loans $ 0 $ 0 $ 3,688 $ 3,688 Loans held for sale $ 0 $ 1,608 $ 0 $ 1,608 Foreclosed real estate: Residential real estate $ 0 $ 0 $ 78 $ 78 Total foreclosed real estate $ 0 $ 0 $ 78 $ 78 The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of December 31, 2013. The Company had no liabilities measured at fair value as of December 31, 2013. Carrying Value Level 1 Level 2 Level 3 Total (In thousands) December 31, 2013 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ 0 $ 18,369 $ 0 $ 18,369 Agency CMO 0 20,241 0 20,241 Agency notes and bonds 0 30,914 0 30,914 Municipal obligations 0 36,040 0 36,040 Mutual funds 3,198 0 0 3,198 Total securities available for sale $ 3,198 $ 105,564 $ 0 $ 108,762 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ 0 $ 0 $ 1,928 $ 1,928 Land 0 0 120 120 Commercial real estate 0 0 2,441 2,441 Commercial business 0 0 639 639 Home equity and second mortgage 0 0 263 263 Total impaired loans $ 0 $ 0 $ 5,391 $ 5,391 Loans held for sale $ 0 $ 1,611 $ 0 $ 1,611 Foreclosed real estate: Residential real estate $ 0 $ 0 $ 466 $ 466 Total foreclosed real estate $ 0 $ 0 $ 466 $ 466 Securities Available for Sale . Impaired Loans Impaired loans are measured at the present value of estimated future cash flows using the loan's effective interest rate or the fair value of collateral less estimated costs to sell if the loan is collateral dependent. At December 31, 2014 and 2013, all impaired loans were considered to be collateral dependent for the purpose of determining fair value. Collateral may be real estate and/or business assets, including equipment, inventory and/or accounts receivable. The fair value of the collateral is generally determined based on real estate appraisals or other independent evaluations by qualified professionals, which are then discounted to reflect management’s estimate of the fair value of the collateral given the current market conditions and the condition of the collateral. At December 31, 2014 and 2013, the significant unobservable inputs used in the fair value measurement of impaired loans included a discount from appraised value for estimates of changes in market conditions, the condition of the collateral, and estimated costs to sell the collateral ranging from 10% to 48%. The Company recognized provisions for loan losses of $49,000 and $150,000 for the years ended December 31, 2014 and 2013, respectively, for impaired loans. Loans Held for Sale Foreclosed Real Estate Foreclosed real estate is reported at fair value less estimated costs to dispose of the property. The fair values are determined by real estate appraisals which are then discounted to reflect management’s estimate of the fair value of the property given current market conditions and the condition of the collateral. At December 31, 2014, the significant unobservable inputs used in the fair value measurement of foreclosed real estate included a discount from appraised value for estimates of changes in market conditions, the condition of the collateral, and estimated costs to sell the property ranging from 10% to 60%, with a weighted average of 40%. At December 31, 2013, the discount from appraised value ranged from 10% to 38%, with a weighted average of 20%. The Company did not recognize any charges to write down foreclosed real estate to fair value for the year ended December 31, 2014. The Company recognized charges of $20,000 to write down foreclosed real estate to fair value for the year ended December 31, 2013. Transfers Between Categories |
Note 9 - Recent Accounting Pron
Note 9 - Recent Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2015 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | 9. Recent Accounting Pronouncements The following is a summary of recently issued accounting pronouncements that impact the accounting and reporting practices of the Company: In May 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) |
Note 2 - Restriction On Cash an
Note 2 - Restriction On Cash and Due from Banks | 12 Months Ended |
Dec. 31, 2014 | |
Restricted Cash And Cash Equivalents [Abstract] | |
Restricted Cash And Cash Equivalents [Text Block] | (2) RESTRICTION ON CASH AND DUE FROM BANKS The Bank is required to maintain reserve balances on hand and with the Federal Reserve Bank which are noninterest bearing and unavailable for investment. The average amount of those reserve balances for the years ended December 31, 2014 and 2013 was approximately $805,000 and $731,000, respectively. |
Note 5 - Premises and Equipment
Note 5 - Premises and Equipment | 12 Months Ended |
Dec. 31, 2014 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment Disclosure [Text Block] | (5) PREMISES AND EQUIPMENT Premises and equipment as of December 31 consisted of the following: (In thousands) 2014 2013 Land and land improvements $ 3,256 $ 3,256 Leasehold improvements 56 56 Office buildings 10,605 10,391 Furniture, fixtures and equipment 4,867 4,620 18,784 18,323 Less accumulated depreciation 8,576 7,976 Totals $ 10,208 $ 10,347 Depreciation expense was $698,000 and $707,000 for the years ended December 31, 2014 and 2013, respectively. |
Note 6 - Foreclosed Real Estate
Note 6 - Foreclosed Real Estate | 12 Months Ended |
Dec. 31, 2014 | |
Real Estate [Abstract] | |
Real Estate Disclosure [Text Block] | (6) FORECLOSED REAL ESTATE At December 31, 2014 and 2013, the Bank had foreclosed real estate held for sale of $78,000 and $466,000, respectively. During the years ended December 31, 2014 and 2013, foreclosure losses in the amount of $187,000 and $354,000, respectively, were charged off to the allowance for loan losses. Losses on subsequent write-downs of foreclosed real estate were $20,000 for 2013. There were no losses on subsequent write-downs of foreclosed real estate for 2014. Net realized gains from the sale of foreclosed real estate amounted to $39,000 for 2014 and net realized losses from the sale of foreclosed real estate amounted to $31,000 for 2013. The net gain or loss on foreclosed real estate is reported in other noninterest expense. Real estate taxes and other expenses of holding foreclosed real estate are included in other noninterest expenses and amounted to $19,000 and $84,000 in 2014 and 2013, respectively. Realized gains from the sale of foreclosed real estate are deferred when the sales are financed by the Bank and do not qualify for recognition under U.S. GAAP. There were no realized gains from the sale of foreclosed real estate deferred for 2014 or 2013. At December 31, 2014 and 2013, deferred gains on the sale of foreclosed real estate financed by the Bank amounted to $16,000 and $42,000, respectively. |
Note 7 - Goodwill and Other Int
Note 7 - Goodwill and Other Intangibles | 12 Months Ended |
Dec. 31, 2014 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Goodwill and Intangible Assets Disclosure [Text Block] | (7) GOODWILL AND OTHER INTANGIBLES The Company acquired goodwill of $5.4 million in the acquisition of Hometown Bancshares, Inc. (Hometown) during 2003. Goodwill is evaluated for impairment at least annually or more frequently upon the occurrence of an event or when circumstances indicate that the carrying amount is greater than its fair value. No impairment of goodwill was recognized during 2014 or 2013. The Company acquired core deposit intangibles totaling $747,000 in a branch acquisition in 1996 and the acquisition of Hometown in 2003. The core deposit intangibles were fully amortized prior to 2013 and no amortization expense on core deposit intangibles was recognized in 2014 or 2013. |
Note 8 - Deposits
Note 8 - Deposits | 12 Months Ended |
Dec. 31, 2014 | |
Deposits Assets Disclosure Noncurrent [Abstract] | |
Deposits Assets Disclosure Noncurrent [Text Block] | (8) DEPOSITS The aggregate amount of time deposit accounts with balances of $100,000 or more was approximately $21.6 million and $25.4 million at December 31, 2014 and 2013, respectively. At December 31, 2014, scheduled maturities of time deposits were as follows: Year ending December 31: (In thousands) 2015 $ 40,704 2016 14,993 2017 11,336 2018 7,412 2019 and thereafter 1,326 Total $ 75,771 The Bank held deposits of approximately $6.1 million and $7.9 million for related parties at December 31, 2014 and 2013, respectively. |
Note 9 - Retail Repurchase Agre
Note 9 - Retail Repurchase Agreements | 12 Months Ended |
Dec. 31, 2014 | |
Repurchase Agreements Disclosure [Abstract] | |
Repurchase Agreements Disclosure [Text Block] | (9) RETAIL REPURCHASE AGREEMENTS Retail repurchase agreements represent overnight borrowings from deposit customers and the debt securities sold under the repurchase agreements are under the control of the Bank. Information concerning borrowings under repurchase agreements is summarized as follows: (Dollars in thousands) 2014 2013 Outstanding balance at year end $ 0 $ 9,310 Weighted average interest rate at year end 0.00 % 0.26 % Weighted average interest rate during the year 0.26 % 0.25 % Average daily balance $ 4,601 $ 11,015 Maximum month-end balance during the year $ 10,617 $ 13,041 Debt securities underlying the agreements at December 31: Amortized cost $ 0 $ 13,322 Fair value $ 0 $ 12,920 |
Note 10 - Advances from Federal
Note 10 - Advances from Federal Home Loan Bank | 12 Months Ended |
Dec. 31, 2014 | |
Disclosure Text Block [Abstract] | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | (10) ADVANCES FROM FEDERAL HOME LOAN BANK At December 31, 2014, there were no outstanding advances from the FHLB. At December 31, 2013, variable rate advances from the FHLB maturing in June 2014 totaled $5.5 million, with a weighted average rate of 0.50%. Advances are secured under a blanket collateral agreement with the FHLB. At December 31, 2014, the carrying value of residential mortgage loans pledged as security for potential future advances was $73.5 million. |
Note 11 - Lease Commitments
Note 11 - Lease Commitments | 12 Months Ended |
Dec. 31, 2014 | |
Leases [Abstract] | |
Leases of Lessee Disclosure [Text Block] | (11) LEASE COMMITMENTS During 2010, the Bank extended a noncancelable lease agreement for branch office space which expires in 2015. The lease was extended for an additional five-year term with annual lease payments of $19,000 beginning in April 2015. The Bank’s subsidiary companies headquartered in Nevada lease office space under sublease agreements that automatically renew for one year periods each October. Total rental expense for all operating leases for each of the years ended December 31, 2014 and 2013 was $28,000 and $27,000, respectively. |
Note 12 - Income Taxes
Note 12 - Income Taxes | 12 Months Ended |
Dec. 31, 2014 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | (12) INCOME TAXES The components of income tax expense for the years ended December 31, 2014 and 2013 were as follows: (In thousands) 2014 2013 Current $ 2,027 $ 2,055 Deferred 285 200 Totals $ 2,312 $ 2,255 The reconciliation of income tax expense for the years ended December 31, 2014 and 2013, with the amount which would have been provided at the federal statutory rate of 34% follows: (In thousands) 2014 2013 Provision at federal statutory tax rate $ 2,692 $ 2,496 State income tax-net of federal tax benefit 170 188 Change in state statutory tax rate 15 26 Tax-exempt interest income (422 ) (402 ) Increase in cash value of life insurance (95 ) (54 ) Captive insurance net premiums (57 ) 0 Other 9 1 Totals $ 2,312 $ 2,255 Effective tax rate 29.2 % 30.7 % Tax laws enacted in 2013 and 2014 decrease the Indiana financial institutions franchise tax rate beginning in 2014 and ending in 2023. Deferred taxes have been adjusted to reflect the newly enacted rates and the period in which temporary differences are expected to reverse. Significant components of the deferred tax assets and liabilities as of December 31, 2014 and 2013 were as follows: (In thousands) 2014 2013 Deferred tax assets (liabilities): Deferred compensation plans $ 92 $ 102 Allowance for loan losses 1,679 1,661 Accrued early retirement 18 32 Other 157 157 Unrealized loss on securities available for sale 0 443 Deferred tax assets 1,946 2,395 Depreciation (647 ) (664 ) Deferred loan fees and costs (171 ) (86 ) FHLB stock dividends (98 ) (99 ) Prepaid expenses (231 ) 0 Unrealized gain on securities available for sale (434 ) 0 Deferred tax liabilities (1,581 ) (849 ) Net deferred tax asset $ 365 $ 1,546 At December 31, 2014 and 2013, the Company had no liability for unrecognized income tax benefits related to uncertain tax positions and does not anticipate any increase in the liability for unrecognized tax benefits during the next twelve months. The Company believes that its income tax positions would be sustained upon examination and does not anticipate any adjustments that would result in a material change to its financial position or results of operations. The Company files consolidated U.S. federal income tax returns and Indiana state income tax returns. Returns filed in these jurisdictions for tax years ended on or after December 31, 2011 are subject to examination by the relevant taxing authorities. Each entity included in the consolidated federal and Indiana state income tax returns filed by the Company are charged or given credit for the applicable tax as though separate returns were filed. Prior to July 1, 1996, the Bank was permitted by the Internal Revenue Code to deduct from taxable income an annual addition to a statutory bad debt reserve subject to certain limitations. Retained earnings at December 31, 2014 and 2013 include approximately $1.0 million of cumulative deductions for which no deferred federal income tax liability has been recorded. Reduction of these reserves for purposes other than tax bad debt losses or adjustments arising from carryback of net operating losses would create income for tax purposes subject to the then current corporate income tax rate. The unrecorded deferred liability on these amounts was approximately $354,000 at December 31, 2014 and 2013. Federal legislation enacted in 1996 repealed the use of the qualified thrift reserve method of accounting for bad debts for tax years beginning after December 31, 1995. As a result, the Bank discontinued the calculation of the annual addition to the statutory bad debt reserve using the percentage-of-taxable-income method and adopted the experience reserve method for banks. Under this method, the Bank computes its federal tax bad debt deduction based on actual loss experience over a period of years. The legislation also provided that the Bank will not be required to recapture its pre-1988 statutory bad debt reserves if it ceases to meet the qualifying thrift definitional tests as provided under prior law and if the Bank continues to qualify as a “bank” under existing provisions of the Internal Revenue Code. |
Note 13 - Employee Benefit Plan
Note 13 - Employee Benefit Plans | 12 Months Ended |
Dec. 31, 2014 | |
Disclosure Text Block Supplement [Abstract] | |
Compensation and Employee Benefit Plans [Text Block] | (13) EMPLOYEE BENEFIT PLANS Defined Contribution Plan: The Bank has a qualified contributory defined contribution plan available to all eligible employees. The plan allows participating employees to make tax-deferred contributions under Internal Revenue Code Section 401(k). The Bank contributed $344,000 and $319,000 to the plan for the years ended December 31, 2014 and 2013, respectively. Employee Stock Ownership Plan: On December 31, 1998, the Bank established a leveraged employee stock ownership plan (ESOP) covering substantially all employees. The Bank accounts for the ESOP in accordance with FASB ASC 718-40, Employee Stock Ownership Plans Compensation expense is recognized based on the average fair value of shares released for allocation to participant accounts during the year with a corresponding credit to stockholders’ equity. No compensation expense was recognized for the years ended December 31, 2014 and 2013 as all shares were allocated during 2008. At December 31, 2014, the ESOP trust holds 54,620 shares of Company stock, including shares acquired on the open market, all of which have been allocated to participant accounts. |
Note 14 - Deferred Compensation
Note 14 - Deferred Compensation Plans | 12 Months Ended |
Dec. 31, 2014 | |
Deferred Compensation Plans Disclosure [Abstract] | |
Deferred Compensation Plans Disclosure [Text Block] | (14) DEFERRED COMPENSATION PLANS The Bank has a deferred compensation plan whereby certain officers will be provided specific amounts of income for a period of fifteen years following normal retirement. The benefits under the agreements become fully vested after four years of service beginning with the effective date of the agreements. The Bank accrues the present value of the benefits so the amounts required will be provided at the normal retirement dates and thereafter. Assuming normal retirement, the benefits under the plan are paid in varying amounts between 1999 and 2022. The Bank is the owner and beneficiary of insurance policies on the lives of these officers which may provide funds for a portion of the required payments. The agreements also provide for payment of benefits in the event of disability, early retirement, termination of employment or death. Deferred compensation expense for this plan was $8,000 and $11,000 for the years ended December 31, 2014 and 2013, respectively. The Bank also has a directors' deferred compensation plan whereby a director defers into a retirement account a portion of his monthly director fees for a specified period to provide a specified amount of income for a period of fifteen years following normal retirement. The Bank also accrues the interest cost on the deferred obligation so the amounts required will be provided at the normal retirement dates and thereafter. Assuming normal retirement, the benefits under the plan are paid in varying amounts between 1995 and 2036. The agreements also provide for payment of benefits in the event of disability, early retirement, termination of service or death. Deferred compensation expense for this plan was $19,000 for both of the years ended December 31, 2014 and 2013. |
Note 16 - Commitments and Conti
Note 16 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | (16) COMMITMENTS AND CONTINGENCIES In the normal course of business, there are outstanding various commitments and contingent liabilities, such as commitments to extend credit and legal claims, which are not reflected in the consolidated financial statements. Commitments under outstanding standby letters of credit totaled $693,000 and $1.2 million at December 31, 2014 and 2013, respectively. The following is a summary of the commitments to extend credit at December 31, 2014 and 2013: (In thousands) 2014 2013 Loan commitments: Fixed rate $ 351 $ 865 Adjustable rate 7,062 5,453 Unused lines of credit on credit cards 4,732 3,821 Undisbursed commercial and personal lines of credit 19,390 19,484 Undisbursed portion of construction loans in process 3,325 7,142 Undisbursed portion of home equity lines of credit 24,206 20,980 Total commitments to extend credit $ 59,066 $ 57,745 |
Note 17 - Financial Instruments
Note 17 - Financial Instruments With Off-balance-sheet Risk | 12 Months Ended |
Dec. 31, 2014 | |
Disclosure Text Block Supplement [Abstract] | |
Financial Instruments Disclosure [Text Block] | (17) FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK The Bank is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the balance sheet. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments (see Note 16). The Bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount and type of collateral obtained, if deemed necessary by the Bank upon extension of credit, varies and is based on management’s credit evaluation of the counterparty. Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Standby letters of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Bank’s policy for obtaining collateral, and the nature of such collateral, is essentially the same as that involved in making commitments to extend credit. The Bank has not been required to perform on any financial guarantees and did not incur any losses on its commitments in 2014 or 2013. |
Note 18 - Dividend Restriction
Note 18 - Dividend Restriction | 12 Months Ended |
Dec. 31, 2014 | |
Dividend Restrictions [Abstract] | |
Dividend Restrictions [Text Block] | (18) DIVIDEND RESTRICTION As an Indiana corporation, the Company is subject to Indiana law with respect to the payment of dividends. Under Indiana law, the Company may pay dividends so long as it is able to pay its debts as they become due in the usual course of business and its assets exceed the sum of its total liabilities, plus the amount that would be needed, if the Company were to be dissolved at the time of the dividend, to satisfy any rights that are preferential to the rights of the persons receiving the dividend. The ability of the Company to pay dividends depends primarily on the ability of the Bank to pay dividends to the Company. The payment of dividends by the Bank is subject to regulation by the Office of the Comptroller of the Currency (OCC). The Bank may not declare or pay a cash dividend or repurchase any of its capital stock if the effect thereof would cause the regulatory capital of the Bank to be reduced below regulatory capital requirements imposed by the OCC or below the amount of the liquidation account established upon completion of the conversion of the Bank’s former mutual holding company (First Capital, Inc., MHC) from mutual to stock form on December 31, 1998. |
Note 19 - Regulatory Matters
Note 19 - Regulatory Matters | 12 Months Ended |
Dec. 31, 2014 | |
Legal And Regulatory Matters [Abstract] | |
Legal And Regulatory Matters [Text Block] | (19) REGULATORY MATTERS The Bank is subject to various regulatory capital requirements administered by the OCC. 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 effect on the Bank and the consolidated financial statements. Under the regulatory capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines involving quantitative measures of the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification under the prompt corrective action guidelines are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total risk-based capital and Tier I capital to risk-weighted assets (as defined in the regulations), Tier I capital to adjusted total assets (as defined) and tangible capital to adjusted total assets (as defined). Management believes, as of December 31, 2014, that the Bank meets all capital adequacy requirements to which it is subject. As of December 31, 2014, the most recent notification from the OCC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the table below. There are no conditions or events since that notification that management believes have changed the institution’s category. The actual capital amounts and ratios are also presented in the following table. No amounts were deducted from capital for interest-rate risk in either year. Actual Minimum For Capital Adequacy Purposes: Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions: (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2014 Total capital (to risk $ 53,545 15.80 % $ 27,105 8.00 % $ 33,881 10.00 % Tier I capital (to risk $ 49,302 14.55 % N/A $ 20,329 6.00 % Tier I capital (to adjusted $ 49,302 10.59 % $ 18,624 4.00 % $ 23,280 5.00 % Tangible capital (to $ 49,302 10.59 % $ 6,984 1.50 % N/A As of December 31, 2013 Total capital (to risk $ 51,780 16.11 % $ 25,713 8.00 % $ 32,141 10.00 % Tier I capital (to risk $ 47,751 14.86 % N/A $ 19,285 6.00 % Tier I capital (to adjusted $ 47,751 10.89 % $ 17,534 4.00 % $ 21,917 5.00 % Tangible capital (to $ 47,751 10.89 % $ 6,575 1.50 % N/A |
Note 20 - Disclosures About Fai
Note 20 - Disclosures About Fair Value of Financial Instruments | 12 Months Ended |
Dec. 31, 2014 | |
Fair Value Measurements And Financial Instruments Disclosure [Abstract] | |
Fair Value Measurements And Financial Instruments Disclosure [Text Block] | (20) DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS The following table summarizes the carrying value and estimated fair value of financial instruments and the level within the fair value hierarchy (see Note 21) in which the fair value measurements fall at December 31, 2014 and 2013: Fair Value Measurements Using ( In thousands Carrying Value Fair Value Level 1 Level 2 Level 3 December 31, 2014: Financial assets: Cash and cash equivalents $ 33,243 $ 33,243 $ 33,243 $ 0 $ 0 Interest-bearing time deposits 8,270 8,370 0 8,370 0 Securities available for sale 100,226 100,226 2,083 98,143 0 Securities held to maturity 6 6 0 6 0 Loans held for sale 1,608 1,641 0 1,641 0 Loans, net 300,603 301,864 0 0 301,864 FHLB stock 2,241 2,241 0 2,241 0 Accrued interest receivable 1,580 1,580 0 1,580 0 Cost method investment 711 711 0 711 0 Financial liabilities: Deposits 412,636 412,282 0 0 412,282 Accrued interest payable 127 127 0 127 0 December 31, 2013: Financial assets: Cash and cash equivalents $ 11,136 $ 11,136 $ 11,136 $ 0 $ 0 Interest-bearing time deposits 4,425 4,458 0 4,458 0 Securities available for sale 108,762 108,762 3,198 105,564 0 Securities held to maturity 9 9 0 9 0 Loans held for sale 1,611 1,644 0 1,644 0 Loans, net 288,506 287,753 0 0 287,753 FHLB stock 2,820 2,820 0 2,820 0 Accrued interest receivable 1,716 1,716 0 1,716 0 Cost method investment 540 540 0 540 0 Financial liabilities: Deposits 373,830 373,883 0 0 373,883 Retail repurchase agreements 9,310 9,310 0 9,310 0 Advances from FHLB 5,500 5,500 0 5,500 0 Accrued interest payable 192 192 0 192 0 The carrying amounts in the preceding table are included in the consolidated balance sheets under the applicable captions. The contractual or notional amounts of financial instruments with off-balance-sheet risk are disclosed in Note 16, and the fair value of these instruments is considered immaterial. The following methods and assumptions were used to estimate the fair value of each class of financial instrument for which it is practicable to estimate that value: Cash and Cash Equivalents and Interest-Bearing Time Deposits For cash and short-term instruments, including cash and due from banks, interest-bearing deposits with banks, federal funds sold, and interest-bearing time deposits with other financial institutions, the carrying amount is a reasonable estimate of fair value. Investment Securities For marketable equity securities, the fair values are based on quoted market prices. For debt securities, the Company obtains fair value measurements from an independent pricing service and the fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, U.S. government and agency yield curves, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and the security’s terms and conditions, among other factors. For FHLB stock, a restricted equity security, the carrying amount is a reasonable estimate of fair value because it is not marketable. For other cost method investments where a quoted market value is not available, the carrying amount is a reasonable estimate of fair value. Loans The fair value of loans is estimated by discounting future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The carrying amount of accrued interest receivable approximates its fair value. The fair value of loans held for sale is based on specific prices of underlying contracts for sales to investors. Deposits The fair value of demand deposits, savings accounts, money market deposit accounts and other transaction accounts is the amount payable on demand at the balance sheet date. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities. The carrying amount of accrued interest payable approximates its fair value. Borrowed Funds The carrying amount of retail repurchase agreements approximates its fair value. The fair value of advances from FHLB is estimated by discounting the future cash flows using the current rates at which similar loans with the same remaining maturities could be obtained. |
Note 22 - Parent Company Conden
Note 22 - Parent Company Condensed Financial Information | 12 Months Ended |
Dec. 31, 2014 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | (22) PARENT COMPANY CONDENSED FINANCIAL INFORMATION Condensed financial information for the Company (parent company only) follows: Balance Sheets (In thousands) As of December 31 2014 2013 Assets: Cash and cash equivalents $ 309 $ 132 Other assets 911 670 Investment in subsidiaries 55,906 52,430 $ 57,126 $ 53,232 Liabilities and Equity: Accrued expenses $ 5 $ 5 Stockholders' equity 57,121 53,227 $ 57,126 $ 53,232 Statements of Income (In thousands) Years Ended December 31 2014 2013 Dividend and other income $ 4,120 $ 2,847 Other operating expenses (376 ) (253 ) Income before income taxes and equity in 3,744 2,594 Income tax benefit 145 98 Income before equity in undistributed net 3,889 2,692 Equity in undistributed net income of subsidiaries 1,705 2,382 Net income $ 5,594 $ 5,074 Statements of Cash Flows (In thousands) Years Ended December 31 2014 2013 Operating Activities: Net income $ 5,594 $ 5,074 Adjustments to reconcile net income to cash and cash Equity in undistributed net income of subsidiaries (1,705 ) (2,382 ) Net change in other assets and liabilities (71 ) (9 ) Net cash provided by operating activities 3,818 2,683 Investing Activities: Investment in captive insurance subsidiary (250 ) 0 Cost method equity investment (171 ) (540 ) Net cash used in investing activities (421 ) (540 ) Financing Activities: Purchase of treasury stock (908 ) (19 ) Cash dividends paid (2,312 ) (2,228 ) Net cash used in financing activities (3,220 ) (2,247 ) Net increase (decrease) in cash and cash equivalents 177 (104 ) Cash and cash equivalents at beginning of year 132 236 Cash and cash equivalents at end of year $ 309 $ 132 |
Note 25 - Selected Quarterly Fi
Note 25 - Selected Quarterly Financial Information (unaudited) | 12 Months Ended |
Dec. 31, 2014 | |
Quarterly Financial Information Disclosure [Abstract] | |
Quarterly Financial Information [Text Block] | (25) SELECTED QUARTERLY FINANCIAL INFORMATION (UNAUDITED) First Quarter Second Quarter Third Quarter Fourth Quarter 2014 (In thousands, except per share data) Interest income $ 4,502 $ 4,663 $ 4,646 $ 4,588 Interest expense 298 297 280 269 Net interest income 4,204 4,366 4,366 4,319 Provision for loan losses 25 90 75 0 Net interest income after 4,179 4,276 4,291 4,319 Noninterest income 979 1,287 1,438 1,232 Noninterest expenses 3,299 3,349 3,591 3,843 Income before income taxes 1,859 2,214 2,138 1,708 Income tax expense 559 692 611 450 Net income 1,300 1,522 1,527 1,258 Less: net income attributable to 3 4 3 3 Net income attributable to $ 1,297 $ 1,518 $ 1,524 $ 1,255 Earnings per common share Basic $ 0.47 $ 0.55 $ 0.56 $ 0.45 Diluted $ 0.47 $ 0.55 $ 0.56 $ 0.45 2013 Interest income $ 4,576 $ 4,554 $ 4,649 $ 4,632 Interest expense 458 440 408 347 Net interest income 4,118 4,114 4,241 4,285 Provision for loan losses 250 225 100 150 Net interest income after 3,868 3,889 4,141 4,135 Noninterest income 1,162 1,188 1,211 1,079 Noninterest expenses 3,322 3,306 3,270 3,433 Income before income taxes 1,708 1,771 2,082 1,781 Income tax expense 511 557 653 534 Net income 1,197 1,214 1,429 1,247 Less: net income attributable to 3 4 3 3 Net income attributable to $ 1,194 $ 1,210 $ 1,426 $ 1,244 Earnings per common share Basic $ 0.43 $ 0.43 $ 0.51 $ 0.45 Diluted $ 0.43 $ 0.43 $ 0.51 $ 0.45 |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 12 Months Ended |
Dec. 31, 2014 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Basis of Consolidation and Reclassifications The consolidated financial statements include the accounts of the Company and its subsidiaries and have been prepared in accordance with generally accepted accounting principles in the United States of America and conform to general practices in the banking industry. Intercompany balances and transactions have been eliminated. Certain prior year amounts have been reclassified to conform to the current year presentation. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Statements of Cash Flows For purposes of the statements of cash flows, the Company has defined cash and cash equivalents as cash on hand, amounts due from banks (including cash items in process of clearing), interest-bearing deposits with other banks with an original maturity of 90 days or less, and federal funds sold. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles in the United States of America 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for loan losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowance for loan losses and foreclosed real estate, management obtains independent appraisals for significant properties. A majority of the Bank’s loan portfolio consists of single-family residential and commercial real estate loans in the southern Indiana area. Accordingly, the ultimate collectability of a substantial portion of the Bank’s loan portfolio and the recovery of the carrying amount of foreclosed real estate are susceptible to changes in local market conditions. While management uses available information to recognize losses on loans and foreclosed real estate, further reductions in the carrying amounts of loans and foreclosed real estate may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans and foreclosed real estate. Such agencies may require the Bank to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans and foreclosed real estate may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated. |
Investment, Policy [Policy Text Block] | Investment Securities Securities Available for Sale Amortization of premiums and accretion of discounts are recognized in interest income using methods approximating the interest method over the period to maturity, adjusted for anticipated prepayments. Unrealized gains and losses, net of tax, on securities available for sale are included in other comprehensive income and the accumulated unrealized holding gains and losses are reported as a separate component of equity until realized. Realized gains and losses on the sale of securities available for sale are determined using the specific identification method and are included in other noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income. Securities Held to Maturity Declines in the fair value of individual available for sale and held to maturity securities below their amortized cost that are other than temporary result in write-downs of the individual securities to their fair value. The related write-downs are included in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers (1) the length of time and the extent to which the fair value has been less than amortized cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Bank to retain its investment for a period of time sufficient to allow for any anticipated recovery in fair value. Investments in non-marketable equity securities such as FHLB stock and companies in which the Company has less than a 20% interest are carried at cost. Dividends received from these investments are included in dividend income, and dividends received in excess of the Company’s proportionate share of accumulated earnings are applied as a reduction of the cost of the investment. Impairment testing on these investments is based on applicable accounting guidance and the cost basis is reduced when impairment is deemed to be other-than-temporary. |
Finance, Loans and Leases Receivable, Policy [Policy Text Block] | Loans and Allowance for Loan Losses Loans Held for Investment Loans are stated at unpaid principal balances, less net deferred loan fees and the allowance for loan losses. The Bank grants real estate mortgage, commercial business and consumer loans. A substantial portion of the loan portfolio is represented by mortgage loans to customers in southern Indiana. The ability of the Bank’s customers to honor their contracts is dependent upon the real estate and general economic conditions in this area. Loan origination and commitment fees, as well as certain direct costs of underwriting and closing loans, are deferred and amortized as a yield adjustment to interest income over the lives of the related loans using the interest method. Amortization of net deferred loan fees is discontinued when a loan is placed on nonaccrual status. Nonaccrual Loans The recognition of income on a loan is discontinued and previously accrued interest is reversed when interest or principal payments become 90 days past due unless, in the opinion of management, the outstanding interest remains collectible. Past due status is determined based on contractual terms. Generally, by applying the cash receipts method, interest income is subsequently recognized only as received until the loan is returned to accrual status. The cash receipts method is used when the likelihood of further loss on the loan is remote. Otherwise, the Company applies the cost recovery method and applies all payments as a reduction of the unpaid principal balance until the loan qualifies for return to accrual status. Interest income on impaired loans is recognized using the cost recovery method, unless the likelihood of further loss on the loan is remote. A loan is restored to accrual status when all principal and interest payments are brought current and the borrower has demonstrated the ability to make future payments of principal and interest as scheduled, which generally requires that the borrower demonstrate a period of performance of at least six consecutive months. Impaired Loans A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Values for collateral dependent loans are generally based on appraisals obtained from independent licensed real estate appraisers, with adjustments applied for estimated costs to sell the property, costs to complete unfinished or repair damaged property and other factors. New appraisals are generally obtained for all significant properties when a loan is identified as impaired, and a property is considered significant if the value of the property is estimated to exceed $200,000. Subsequent appraisals are obtained as needed or if management believes there has been a significant change in the market value of a collateral property securing a collateral dependent impaired loan. In instances where it is not deemed necessary to obtain a new appraisal, management bases its impairment and allowance for loan loss analysis on the original appraisal with adjustments for current conditions based on management’s assessment of market factors and management’s inspection of the property. Troubled Debt Restructurings Modification of a loan is considered to be a troubled debt restructuring (TDR) if the debtor is experiencing financial difficulties and the Company grants a concession to the debtor that it would not otherwise consider. By granting the concession, the Company expects to obtain more cash or other value from the debtor, or to increase the probability of receipt, than would be expected by not granting the concession. The concession may include, but is not limited to, reduction of the stated interest rate of the loan, reduction of accrued interest, extension of the maturity date or reduction of the face amount of the debt. A concession will be granted when, as a result of the restructuring, the Company does not expect to collect all amounts due, including interest at the original stated rate. A concession may also be granted if the debtor is not able to access funds elsewhere at a market rate for debt with similar risk characteristics as the restructured debt. The Company’s determination of whether a loan modification is a TDR considers the individual facts and circumstances surrounding each modification. A TDR can involve loans remaining on nonaccrual, moving to nonaccrual, or continuing on accrual status, depending on the individual facts and circumstances of the borrower. A TDR on nonaccrual status is restored to accrual status when the borrower has demonstrated the ability to make future payments in accordance with the restructured terms, which generally requires that the borrower demonstrate a period of performance of at least six consecutive months in accordance with the restructured terms including consistent and timely payments. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The Company uses a disciplined process and methodology to evaluate the allowance for loan losses on at least a quarterly basis that is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are individually evaluated for impairment or loans otherwise classified as doubtful, substandard, or special mention. For such loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and classified loans that are found, upon individual evaluation, to not be impaired. Such loans are pooled by segment and losses are modeled using annualized historical loss experience adjusted for qualitative factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the prior five years unless the historical loss experience is not considered indicative of the level of risk in the remaining balance of a particular portfolio segment, in which case an adjustment is determined by management. The Company’s historical loss experience is then adjusted by an overall loss factor weighting adjustment based on a qualitative analysis prepared by management and reviewed on a quarterly basis. The overall loss factor considers changes in underwriting standards, economic conditions, changes and trends in past due and classified loans and other internal and external factors. Prior to 2014, management used a three-year historical loss period as the basis for its allowance for loan loss methodology. However, based on the Company’s loss history and changes in the loan portfolio, management determined that a five-year loss history was appropriate and updated its methodology in 2014. Management also applies additional loss factor multiples to loans classified as watch, special mention and substandard that are not individually evaluated for impairment. The loss factor multiples for classified loans are based on management’s assessment of historical trends regarding losses experienced on classified loans in prior periods. See Note 4 for additional discussion of the qualitative factors utilized in management’s allowance for loan losses methodology at December 31, 2014 and 2013. Management exercises significant judgment in evaluating the relevant historical loss experience and the qualitative factors. Management also monitors the differences between estimated and actual incurred loan losses for loans considered impaired in order to evaluate the effectiveness of the estimation process and make any changes in the methodology as necessary. The following portfolio segments are considered in the allowance for loan loss analysis: residential real estate, land, construction, commercial real estate, commercial business, home equity and second mortgage, and other consumer loans. Residential real estate loans primarily consist of loans to individuals for the purchase or refinance of their primary residence, with a smaller portion of the segment secured by non-owner-occupied residential investment properties and multi-family residential investment properties. The risks associated with residential real estate loans are closely correlated to the local housing market and general economic conditions, as repayment of the loans is primarily dependent on the borrowers’ or tenants’ personal cash flow and employment status. Land loans primarily consist of loans secured by farmland and vacant land held for investment purposes. The risks associated with land loans are related to the market value of the property taken as collateral and the underlying cash flows for loans secured by farmland, and general economic conditions. The Company’s construction loan portfolio consists of single-family residential properties, multi-family properties and commercial projects, and includes both owner-occupied and speculative investment properties. Risks inherent in construction lending are related to the market value of the property held as collateral, the cost and timing of constructing or improving a property, the borrower’s ability to use funds generated by a project to service a loan until a project is completed, movements in interest rates and the real estate market during the construction phase, and the ability of the borrower to obtain permanent financing. Commercial real estate loans are comprised of loans secured by various types of collateral including office buildings, warehouses, retail space and mixed use buildings located in the Company’s primary lending area. Risks related to commercial real estate lending are related to the market value of the property taken as collateral, the underlying cash flows and general economic condition of the local real estate market. Repayment of these loans is generally dependent on the ability of the borrower to attract tenants at lease rates that provide for adequate debt service and can be impacted by local economic conditions which impact vacancy rates. The Company generally obtains loan guarantees from financially capable parties for commercial real estate loans. Commercial business loans includes lines of credit to businesses, term loans and letters of credit secured by business assets such as equipment, accounts receivable, inventory, or other assets excluding real estate and are generally made to finance capital expenditures or fund operations. Commercial loans contain risks related to the value of the collateral securing the loan and the repayment is primarily dependent upon the financial success and viability of the borrower. As with commercial real estate loans, the Company generally obtains loan guarantees from financially capable parties for commercial business loans. Home equity and second mortgage loans and other consumer loans consist primarily of home equity lines of credit and other loans secured by junior liens on the borrower’s personal residence, home improvement loans, automobile and truck loans, boat loans, mobile home loans, loans secured by savings deposits, credit cards and other personal loans. The risk associated with these loans is related to the local housing market and local economic conditions including the unemployment level. Loan Charge-Offs For portfolio segments other than consumer loans, the Company’s practice is to charge-off any loan or portion of a loan when the loan is determined by management to be uncollectible due to the borrower’s failure to meet repayment terms, the borrower’s deteriorating or deteriorated financial condition, the depreciation of the underlying collateral, the loan’s classification as a loss by regulatory examiners, or for other reasons. A partial charge-off is recorded on a loan when the uncollectibility of a portion of the loan has been confirmed, such as when a loan is discharged in bankruptcy, the collateral is liquidated, a loan is restructured at a reduced principal balance, or other identifiable events that lead management to determine the full principal balance of the loan will not be repaid. A specific reserve is recognized as a component of the allowance for estimated losses on loans individually evaluated for impairment. Partial charge-offs on nonperforming and impaired loans are included in the Company’s historical loss experience used to estimate the general component of the allowance for loan losses as discussed above. Specific reserves are not considered charge-offs in management’s evaluation of the general component of the allowance for loan losses because they are estimates and the outcome of the loan relationship is undetermined. During 2014 and 2013, the Company recognized partial charge-offs totaling $67,000 and $68,000, respectively. At December 31, 2014, the Company had 12 loans with an aggregate recorded investment of $757,000 and an aggregate unpaid principal balance of $1.4 million on which partial charge-offs of $472,000 had been recorded. At December 31, 2013, the Company had 11 loans with an aggregate recorded investment of $900,000 and an aggregate unpaid principal balance of $1.4 million on which partial charge-offs of $446,000 had been recorded Consumer loans not secured by real estate are typically charged off at 90 days past due, or earlier if deemed uncollectible, unless the loans are in the process of collection. Overdrafts are charged off after 45 days past due. Charge-offs are typically recorded on loans secured by real estate when the property is foreclosed upon. |
Loans and Leases Receivable, Real Estate Acquired Through Foreclosure, Policy [Policy Text Block] | Foreclosed Real Estate Foreclosed real estate includes formally foreclosed property held for sale. At the time of foreclosure, foreclosed real estate is recorded at fair value less estimated costs to sell, which becomes the property’s new basis. Any write-downs based on the property’s fair value at the date of acquisition are charged to the allowance for loan losses. After foreclosure, valuations are periodically performed by management and property held for sale is carried at the lower of the new cost basis or fair value less cost to sell. Costs incurred in maintaining foreclosed real estate and subsequent impairment adjustments to the carrying amount of a property, if any, are included in other noninterest expense. |
Property, Plant and Equipment, Policy [Policy Text Block] | Premises and Equipment Premises and equipment are stated at cost less accumulated depreciation. The Company uses the straight line method of computing depreciation at rates adequate to amortize the cost of the applicable assets over their estimated useful lives. Maintenance and repairs are expensed as incurred. The cost and related accumulated depreciation of assets sold, or otherwise disposed of, are removed from the related accounts and any gain or loss is included in earnings. |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Other Intangibles Goodwill recognized in a business combination represents the excess of the cost of the acquired entity over the net of the amounts assigned to assets acquired and liabilities assumed. Goodwill is carried at its implied fair value and is evaluated for possible impairment at least annually or more frequently upon the occurrence of an event or change in circumstances that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Such circumstances could include, but are not limited to: (1) a significant adverse change in legal factors or in business climate, (2) unanticipated competition, or (3) an adverse action or assessment by a regulator. If the carrying amount of the goodwill exceeds its implied fair value, an impairment loss is recognized in earnings equal to that excess amount. The loss recognized cannot exceed the carrying amount of goodwill. After a goodwill impairment loss is recognized, the adjusted carrying amount of goodwill is its new accounting basis. Other intangible assets consist of acquired core deposit intangibles. Core deposit intangibles are amortized over the estimated economic lives of the acquired core deposits. The carrying amount of core deposit intangibles and the remaining estimated economic life are evaluated annually or whenever events or circumstances indicate the carrying amount may not be recoverable or the remaining period of amortization requires revision. After an impairment loss is recognized, the adjusted carrying amount of the intangible asset is its new accounting basis. All core deposit intangibles had been fully amortized as of December 31, 2012. |
Securities Borrowed and Loaned Policy [Policy Text Block] | Securities Lending and Financing Arrangements Securities purchased under agreements to resell (reverse repurchase agreements) and securities sold under agreements to repurchase (repurchase agreements) are treated as collateralized lending and borrowing transactions, respectively, and are carried at the amounts at which the securities were initially acquired or sold. |
Loans and Leases Receivable, Valuation, Policy [Policy Text Block] | Mortgage Banking Activities Mortgage loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or market value. Aggregate market value is determined based on the quoted prices under a “best efforts” sales agreement with a third party. Net unrealized losses are recognized through a valuation allowance by charges to income. Realized gains on sales of mortgage loans are included in noninterest income. Mortgage loans are sold with servicing released. Commitments to originate mortgage loans held for sale are considered derivative financial instruments to be accounted for at fair value. The Bank’s mortgage loan commitments subject to derivative accounting are fixed-rate mortgage loan commitments at market rates when initiated. At December 31, 2014, the Bank had commitments to originate $306,000 in fixed-rate mortgage loans intended for sale in the secondary market after the loans are closed. Fair value is estimated based on fees that would be charged on commitments with similar terms. |
Cash Surrender Value Of Life Insurance [Policy Text Block] | Cash Surrender Value of Life Insurance The Bank has purchased life insurance policies on certain directors, officers and key employees to offset costs associated with the Bank’s compensation and benefit programs. Bank-owned life insurance is recorded at the amount that can be realized under the insurance contracts at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock-Based Compensation The Company has adopted the fair value based method of accounting for stock-based compensation prescribed in Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 718 for its stock plans. |
Advertising Costs, Policy [Policy Text Block] | Advertising Costs Advertising costs are charged to operations when incurred. |
Income Tax, Policy [Policy Text Block] | Income Taxes When income tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while other positions are subject to some degree of uncertainty regarding the merits of the position taken or the amount of the position that would be sustained. The Company recognizes the benefits of a tax position in the consolidated financial statements of the period during which, based on all available evidence, management believes it is more-likely-than-not (more than 50 percent probable) that the tax position would be sustained upon examination. Income tax positions that meet the more-likely-than-not threshold are measured as the largest amount of income tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with the income tax positions claimed on income tax returns that exceeds the amount measured as described above is reflected as a liability for unrecognized income tax benefits in the consolidated balance sheet, along with any associated interest and penalties that would be payable to the taxing authorities, if there were an examination. Interest and penalties associated with unrecognized income tax benefits are classified as additional income taxes in the statement of income. Income taxes are provided for the tax effects of the transactions reported in the financial statements and consist of taxes currently due plus deferred income taxes. Income tax reporting and financial statement reporting rules differ in many respects. As a result, there will often be a difference between the carrying amount of an asset or liability as presented in the accompanying consolidated balance sheets and the amount that would be recognized as the tax basis of the same asset or liability computed based on the effects of tax positions recognized, as described in the preceding paragraph. These differences are referred to as temporary differences because they are expected to reverse in future years. Deferred income tax assets are recognized for temporary differences where their future reversal will result in future tax benefits. Deferred income tax assets are also recognized for the future tax benefits expected to be realized from net operating loss or tax credit carryforwards. Deferred income tax liabilities are recognized for temporary differences where their future reversal will result in the payment of future income taxes. Deferred income tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred income tax assets will not be realized. Deferred tax assets and liabilities are reflected at income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. |
Earnings Per Share, Policy [Policy Text Block] | Earnings per Common Share Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the periods presented. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options, restricted stock and other potentially dilutive securities outstanding. Earnings and dividends per share are restated for stock splits and dividends through the date of issuance of the financial statements. |
Comprehensive Income, Policy [Policy Text Block] | Comprehensive Income Comprehensive income consists of reported net income and other comprehensive income. Other comprehensive income refers to revenue, expenses, gains and losses that are recorded as an element of equity but are excluded from reported net income. Other comprehensive income includes changes in the unrealized gains and losses on securities available for sale. |
Commitments and Contingencies, Policy [Policy Text Block] | Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements The following are summaries of recently issued or adopted accounting pronouncements that impact the accounting and reporting practices of the Company: In January 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40), Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) In August 2014, the FASB issued ASU No. 2014-14, Trouble Debt Restructurings by Creditors (Subtopic 310-40) |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Disclosure Text Block Supplement [Abstract] | ||
Marketable Securities [Table Text Block] | (In thousands) Amortized Gross Gross Fair June 30, 2015 Securities available for sale: Agency mortgage-backed securities $ 34,387 $ 154 $ 203 $ 34,338 Agency CMO 11,478 65 81 11,462 Other debt securities: Agency notes and bonds 18,554 35 56 18,533 Municipal obligations 31,834 896 179 32,551 Subtotal - debt securities 96,253 1,150 519 96,884 Mutual funds 1,477 0 0 1,477 Total securities available for sale $ 97,730 $ 1,150 $ 519 $ 98,361 Securities held to maturity: Agency mortgage-backed securities $ 5 $ 0 $ 0 $ 5 Total securities held to maturity $ 5 $ 0 $ 0 $ 5 December 31, 2014 Securities available for sale: Agency mortgage-backed securities $ 32,135 $ 240 $ 79 $ 32,296 Agency CMO 14,461 74 150 14,385 Other debt securities: Agency notes and bonds 18,136 32 48 18,120 Municipal obligations 32,178 1,242 78 33,342 Subtotal - debt securities 96,910 1,588 355 98,143 Mutual funds 2,083 0 0 2,083 Total securities available for sale $ 98,993 $ 1,588 $ 355 $ 100,226 Securities held to maturity: Agency mortgage-backed securities $ 6 $ 0 $ 0 $ 6 Total securities held to maturity $ 6 $ 0 $ 0 $ 6 | (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2014: Securities available for sale: Agency mortgage-backed securities $ 32,135 $ 240 $ 79 $ 32,296 Agency CMO 14,461 74 150 14,385 Other debt securities: Agency notes and bonds 18,136 32 48 18,120 Municipal obligations 32,178 1,242 78 33,342 Subtotal – debt securities 96,910 1,588 355 98,143 Mutual funds 2,083 0 0 2,083 Total securities available for sale $ 98,993 $ 1,588 $ 355 $ 100,226 Securities held to maturity: Agency mortgage-backed securities $ 6 $ 0 $ 0 $ 6 Total securities held to maturity $ 6 $ 0 $ 0 $ 6 December 31, 2013: Securities available for sale: Agency mortgage-backed securities $ 18,408 $ 205 $ 244 $ 18,369 Agency CMO 20,486 96 341 20,241 Other debt securities: Agency notes and bonds 31,594 49 729 30,914 Municipal obligations 36,200 778 938 36,040 Subtotal – debt securities 106,688 1,128 2,252 105,564 Mutual funds 3,238 0 40 3,198 Total securities available for sale $ 109,926 $ 1,128 $ 2,292 $ 108,762 Securities held to maturity: Agency mortgage-backed securities $ 9 $ 0 $ 0 $ 9 Total securities held to maturity $ 9 $ 0 $ 0 $ 9 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Securities Available for Sale Securities Held to Maturity Amortized Fair Amortized Fair (In thousands) Due in one year or less $ 1,070 $ 1,074 $ 0 $ 0 Due after one year through five years 17,306 17,354 0 0 Due after five years through ten years 19,267 19,604 Due after ten years 12,745 13,052 0 0 50,388 51,084 0 0 Mortgage-backed securities and CMO 45,865 45,800 5 5 $ 96,253 $ 96,884 $ 5 $ 5 | Securities Available for Sale Securities Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value (In thousands) Due in one year or less $ 120 $ 121 $ 0 $ 0 Due after one year through five 15,679 15,786 0 0 Due after five years through 20,366 20,852 0 0 Due after ten years 14,149 14,703 0 0 50,314 51,462 0 0 Mortgage-backed securities and 46,596 46,681 6 6 $ 96,910 $ 98,143 $ 6 $ 6 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Number of Fair Gross (Dollars in thousands) Continuous loss position less than twelve months: Agency notes and bonds 9 $ 7,696 $ 53 Agency mortgage-backed securities 22 17,893 150 Muncipal obligations 17 6,568 95 Total less than twelve months 48 32,157 298 Continuous loss position more than twelve months: Agency notes and bonds 1 999 3 Agency CMO 9 6,594 81 Agency mortgage-backed securities 4 4,426 53 Muncipal obligations 5 2,306 84 Total more than twelve months 19 14,325 221 Total securities available for sale 67 $ 46,482 $ 519 | (Dollars in thousands) Number of Investment Positions Fair Value Gross Unrealized Losses Continuous loss position less than twelve months: Agency mortgage-backed securities 7 $ 5,925 $ 21 Agency CMO 2 1,317 21 Agency notes and bonds 2 1,198 2 Municipal obligations 9 2,291 8 Total less than twelve months 20 10,731 51 Continuous loss position more than twelve months: Agency mortgage-backed securities 6 5,986 58 Agency CMO 9 7,306 129 Agency notes and bonds 7 7,586 47 Municipal obligations 9 4,146 70 Total more than twelve months 31 25,024 304 Total securities available for sale 51 $ 35,755 $ 355 |
Note 4 - Loans and Allowance 44
Note 4 - Loans and Allowance for Loan Losses (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (In thousands) June 30, December 31, Real estate mortgage loans: Residential $ 107,136 $ 106,679 Land 10,526 11,028 Residential construction 13,691 10,347 Commercial real estate 75,521 78,314 Commercial real estate contruction 474 1,422 Commercial business loans 24,983 28,282 Consumer loans: Home equity and second mortgage loans 37,844 37,513 Automobile loans 27,194 25,274 Loans secured by savings accounts 920 1,018 Unsecured loans 3,445 3,316 Other consumer loans 6,007 5,075 Gross loans 307,741 308,268 Less undisbursed portion of loans in process (5,824 ) (3,325 ) Principal loan balance 301,917 304,943 Deferred loan origination fees, net 548 506 Allowance for loan losses (3,600 ) (4,846 ) Loans, net $ 298,865 $ 300,603 | (In thousands) 2014 2013 Real estate mortgage loans: Residential $ 106,679 $ 107,029 Land 11,028 10,309 Residential construction 10,347 14,423 Commercial real estate 78,314 76,496 Commercial real estate construction 1,422 1,715 Commercial business loans 28,282 21,956 Consumer loans: Home equity and second mortgage loans 37,513 34,815 Automobile loans 25,274 23,983 Loans secured by savings accounts 1,018 1,138 Unsecured loans 3,316 3,541 Other consumer loans 5,075 4,824 Gross loans 308,268 300,229 Less undisbursed portion of loans in process (3,325 ) (7,142 ) Principal loan balance 304,943 293,087 Deferred loan origination fees, net 506 341 Allowance for loan losses (4,846 ) (4,922 ) Loans, net $ 300,603 $ 288,506 |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 75 $ 0 $ 0 $ 8 $ 0 $ 10 $ 0 $ 93 Collectively evaluated for impairment 559 173 51 1,661 161 638 264 3,507 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 634 $ 173 $ 51 $ 1,669 $ 161 $ 648 $ 264 $ 3,600 Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 47 $ 0 $ 0 $ 11 $ 1,293 $ 0 $ 0 $ 1,351 Collectively evaluated for impairment 562 201 60 1,490 187 720 275 3,495 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 609 $ 201 $ 60 $ 1,501 $ 1,480 $ 720 $ 275 $ 4,846 Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2015 Beginning balance $ 672 $ 197 $ 65 $ 1,462 $ 239 $ 716 $ 283 $ 3,634 Provisions for loan losses (39 ) (24 ) (14 ) 204 (58 ) (38 ) 19 50 Charge-offs 0 0 0 0 (22 ) (31 ) (72 ) (125 ) Recoveries 1 0 0 3 2 1 34 41 Ending balance $ 634 $ 173 $ 51 $ 1,669 $ 161 $ 648 $ 264 $ 3,600 Changes in Allowance for Loan Losses for the six-months ended June 30, 2015 Beginning balance $ 609 $ 201 $ 60 $ 1,501 $ 1,480 $ 720 $ 275 $ 4,846 Provisions for loan losses 42 (28 ) (9 ) 156 (117 ) (45 ) 51 50 Charge-offs (20 ) 0 0 0 (1,205 ) (33 ) (124 ) (1,382 ) Recoveries 3 0 0 12 3 6 62 86 Ending balance $ 634 $ 173 $ 51 $ 1,669 $ 161 $ 648 $ 264 $ 3,600 Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2014 Beginning balance $ 838 $ 144 $ 70 $ 1,276 $ 1,450 $ 902 $ 331 $ 5,011 Provisions for loan losses 24 9 8 4 (10 ) 41 14 90 Charge-offs (21 ) 0 0 0 0 (36 ) (36 ) (93 ) Recoveries 2 0 0 0 4 25 27 58 Ending balance $ 843 $ 153 $ 78 $ 1,280 $ 1,444 $ 932 $ 336 $ 5,066 Changes in Allowance for Loan Losses for the six-months ended June 30, 2014 Beginning balance $ 811 $ 152 $ 63 $ 1,284 $ 1,446 $ 877 $ 289 $ 4,922 Provisions for loan losses 113 1 15 (4 ) (7 ) (70 ) 67 115 Charge-offs (84 ) 0 0 0 0 (54 ) (88 ) (226 ) Recoveries 3 0 0 0 5 179 68 255 Ending balance $ 843 $ 153 $ 78 $ 1,280 $ 1,444 $ 932 $ 336 $ 5,066 | Residential Real Estate Land Construction Commercial Real Estate Commercial Business Home Equity and Second Mortgage Other Consumer Total (In thousands) Allowance for Loan Losses: Beginning balance $ 811 $ 152 $ 63 $ 1,284 $ 1,446 $ 877 $ 289 $ 4,922 Provisions (69 ) 49 (3 ) 211 23 (195 ) 174 190 Charge-offs (140 ) 0 0 0 (6 ) (154 ) (320 ) (620 ) Recoveries 7 0 0 6 17 192 132 354 Ending balance $ 609 $ 201 $ 60 $ 1,501 $ 1,480 $ 720 $ 275 $ 4,846 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 47 $ 0 $ 0 $ 11 $ 1,293 $ 0 $ 0 $ 1,351 Collectively evaluated for impairment 562 201 60 1,490 187 720 275 3,495 Ending balance $ 609 $ 201 $ 60 $ 1,501 $ 1,480 $ 720 $ 275 $ 4,846 Recorded Investment in Loans: Individually evaluated for impairment $ 1,411 $ 16 $ 0 $ 1,819 $ 1,642 $ 151 $ 0 $ 5,039 Collectively evaluated for impairment 105,685 11,064 8,463 76,661 26,764 37,974 34,835 301,446 Ending balance $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 Residential Real Estate Land Construction Commercial Real Estate Commercial Business Home Equity and Second Mortgage Other Consumer Total (In thousands) Allowance for Loan Losses: Beginning balance $ 922 $ 71 $ 0 $ 1,310 $ 1,223 $ 919 $ 291 $ 4,736 Provisions 182 83 63 47 169 4 177 725 Charge-offs (353 ) (2 ) 0 (90 ) (20 ) (90 ) (337 ) (892 ) Recoveries 60 0 0 17 74 44 158 353 Ending balance $ 811 $ 152 $ 63 $ 1,284 $ 1,446 $ 877 $ 289 $ 4,922 Ending allowance balance attributable to loans: Individually evaluated for impairment $ 112 $ 0 $ 0 $ 145 $ 1,259 $ 13 $ 0 $ 1,529 Collectively evaluated for impairment 699 152 63 1,139 187 864 289 3,393 Ending balance $ 811 $ 152 $ 63 $ 1,284 $ 1,446 $ 877 $ 289 $ 4,922 Recorded Investment in Loans: Individually evaluated for impairment $ 2,040 $ 120 $ 0 $ 2,586 $ 1,898 $ 276 $ 0 $ 6,920 Collectively evaluated for impairment 105,468 10,240 9,018 74,080 20,105 34,993 33,654 287,558 Ending balance $ 107,508 $ 10,360 $ 9,018 $ 76,666 $ 22,003 $ 35,269 $ 33,654 $ 294,478 |
Impaired Financing Receivables [Table Text Block] | At June 30, 2015 Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Recorded Unpaid Related Average Interest Average Interest (In thousands) Loans with no related allowance recorded: Residential $ 1,122 $ 1,444 $ 0 $ 1,235 $ 5 $ 1,204 $ 10 Land 20 22 0 20 0 18 0 Construction 0 0 0 0 0 0 0 Commercial real estate 1,762 1,801 0 1,773 19 1,774 38 Commercial business 0 0 0 13 0 9 0 Home equity/2nd mortgage 63 81 0 65 0 67 1 Other consumer 0 0 0 0 0 0 0 2,967 3,348 0 3,106 24 3,072 49 Loans with an allowance recorded: Residential 297 335 75 254 0 259 0 Land 0 0 0 0 0 0 0 Construction 0 0 0 0 0 0 0 Commercial real estate 38 63 8 39 0 40 0 Commercial business 0 0 0 18 0 559 0 Home equity/2nd mortgage 80 81 10 80 0 80 0 Other consumer 0 0 0 0 0 0 0 415 479 93 391 0 938 0 Total: Residential 1,419 1,779 75 1,489 5 1,463 10 Land 20 22 0 20 0 18 0 Construction 0 0 0 0 0 0 0 Commercial real estate 1,800 1,864 8 1,812 19 1,814 38 Commercial business 0 0 0 31 0 568 0 Home equity/2nd mortgage 143 162 10 145 0 147 1 Other consumer 0 0 0 0 0 0 0 $ 3,382 $ 3,827 $ 93 $ 3,497 $ 24 $ 4,010 $ 49 Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 Average Interest Average Interest Loans with no related allowance recorded: Residential $ 1,345 $ 8 $ 1,427 $ 18 Land 119 0 119 0 Construction 130 0 87 0 Commercial real estate 1,525 17 1,562 34 Commercial business 94 0 126 0 Home equity/2nd mortgage 169 0 197 1 Other consumer 0 0 0 0 3,382 25 3,518 53 Loans with an allowance recorded: Residential 436 0 440 0 Land 3 0 2 0 Construction 0 0 0 0 Commercial real estate 1,123 0 1,065 0 Commercial business 1,726 0 1,720 0 Home equity/2nd mortgage 16 0 18 0 Other consumer 0 0 0 0 3,304 0 3,245 0 Total: Residential 1,781 8 1,867 18 Land 122 0 121 0 Construction 130 0 87 0 Commercial real estate 2,648 17 2,627 34 Commercial business 1,820 0 1,846 0 Home equity/2nd mortgage 185 0 215 1 Other consumer 0 0 0 0 $ 6,686 $ 25 $ 6,763 $ 53 Recorded Unpaid Related (In thousands) Loans with no related allowance recorded: Residential $ 1,141 $ 1,446 $ 0 Land 16 18 0 Construction 0 0 0 Commercial real estate 1,777 1,808 0 Commercial business 0 0 0 Home equity/2nd mortgage 71 87 0 Other consumer 0 0 0 3,005 3,359 0 Loans with an allowance recorded: Residential 270 304 47 Land 0 0 0 Construction 0 0 0 Commercial real estate 42 65 11 Commercial business 1,642 1,909 1,293 Home equity/2nd mortgage 80 98 0 Other consumer 0 0 0 2,034 2,376 1,351 Total: Residential 1,411 1,750 47 Land 16 18 0 Construction 0 0 0 Commercial real estate 1,819 1,873 11 Commercial business 1,642 1,909 1,293 Home equity/2nd mortgage 151 185 0 Other consumer 0 0 0 $ 5,039 $ 5,735 $ 1,351 | Recorded Investment Unpaid Principal Balance Average Related Allowance Interest Recorded Investment Income Recognized (In thousands) Loans with no related allowance recorded Residential real estate $ 1,141 $ 1,446 $ 0 $ 1,293 $ 26 Land 16 18 0 96 0 Construction 0 0 0 52 0 Commercial real estate 1,777 1,808 0 1,626 70 Commercial business 0 0 0 113 0 Home equity and second mortgage 71 87 0 147 2 Other consumer 0 0 0 0 0 $ 3,005 $ 3,359 $ 0 $ 3,327 $ 98 Loans with an allowance recorded Residential real estate $ 270 $ 304 $ 47 $ 369 $ 0 Land 0 0 0 1 0 Construction 0 0 0 0 0 Commercial real estate 42 65 11 656 0 Commercial business 1,642 1,909 1,293 1,696 0 Home equity and second mortgage 80 98 0 46 0 Other consumer 0 0 0 0 0 $ 2,034 $ 2,376 $ 1,351 $ 2,768 $ 0 Total Residential real estate $ 1,411 $ 1,750 $ 47 $ 1,662 $ 26 Land 16 18 0 97 0 Construction 0 0 0 52 0 Commercial real estate 1,819 1,873 11 2,282 70 Commercial business 1,642 1,909 1,293 1,809 0 Home equity and second mortgage 151 185 0 193 2 Other consumer 0 0 0 0 0 $ 5,039 $ 5,735 $ 1,351 $ 6,095 $ 98 Recorded Investment Unpaid Principal Balance Average Related Allowance Interest Recorded Investment Income Recognized (In thousands) Loans with no related allowance recorded Residential real estate $ 1,591 $ 1,869 $ 0 $ 1,508 $ 32 Land 120 131 0 124 0 Construction 0 0 0 173 0 Commercial real estate 1,637 1,643 0 1,410 63 Commercial business 189 209 0 38 4 Home equity and second mortgage 254 268 0 164 5 Other consumer 0 0 0 0 0 $ 3,791 $ 4,120 $ 0 $ 3,417 $ 104 Loans with an allowance recorded Residential real estate $ 449 $ 487 $ 112 $ 624 $ 2 Land 0 0 0 1 0 Construction 0 0 0 0 0 Commercial real estate 949 1,048 145 1,108 0 Commercial business 1,709 1,909 1,259 1,801 0 Home equity and second mortgage 22 22 13 47 0 Other consumer 0 0 0 0 0 $ 3,129 $ 3,466 $ 1,529 $ 3,581 $ 2 Total Residential real estate $ 2,040 $ 2,356 $ 112 $ 2,132 $ 34 Land 120 131 0 125 0 Construction 0 0 0 173 0 Commercial real estate 2,586 2,691 145 2,518 63 Commercial business 1,898 2,118 1,259 1,839 4 Home equity and second mortgage 276 290 13 211 5 Other consumer 0 0 0 0 0 $ 6,920 $ 7,586 $ 1,529 $ 6,998 $ 106 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | June 30, 2015 December 31, 2014 Nonaccrual Loans 90+ Days Total Nonaccrual Loans 90+ Days Total (In thousands) Residential $ 1,069 $ 14 $ 1,083 $ 919 $ 68 $ 987 Land 20 0 20 16 0 16 Construction 0 0 0 0 0 0 Commercial real estate 434 21 455 433 0 433 Commercial business 0 0 0 1,642 0 1,642 Home equity/2nd mortgage 122 0 122 129 14 143 Other consumer 0 19 19 0 3 3 Total $ 1,645 $ 54 $ 1,699 $ 3,139 $ 85 $ 3,224 | December 31, 2014 December 31, 2013 Nonaccrual Loans Loans 90+ Days Past Due Still Accruing Total Nonperforming Loans Nonaccrual Loans Loans 90+ Days Past Due Still Accruing Total Nonperforming Loans (In thousands) Residential real estate $ 919 $ 68 $ 987 $ 1,533 $ 180 $ 1,713 Land 16 0 16 120 0 120 Construction 0 0 0 0 0 0 Commercial real estate 433 0 433 1,456 0 1,456 Commercial business 1,642 0 1,642 1,898 0 1,898 Home equity and second mortgage 129 14 143 252 39 291 Other consumer 0 3 3 0 8 8 Total $ 3,139 $ 85 $ 3,224 $ 5,259 $ 227 $ 5,486 |
Past Due Financing Receivables [Table Text Block] | 30-59 Days 60-89 Days 90 Days or More Total Current Total (In thousands) Residential $ 2,556 $ 519 $ 587 $ 3,662 $ 103,876 $ 107,538 Land 0 8 20 28 10,540 10,568 Construction 0 0 0 0 8,362 8,362 Commercial real estate 0 192 77 269 75,383 75,652 Commercial business 0 0 0 0 25,107 25,107 Home equity/2nd mortgage 124 92 3 219 38,274 38,493 Other consumer 200 25 19 244 37,468 37,712 Total $ 2,880 $ 836 $ 706 $ 4,422 $ 299,010 $ 303,432 30-59 Days 60-89 Days 90 Days or More Total Current Total (In thousands) Residential $ 3,070 $ 551 $ 308 $ 3,929 $ 103,167 $ 107,096 Land 24 124 0 148 10,932 11,080 Construction 0 0 0 0 8,463 8,463 Commercial real estate 54 133 42 229 78,251 78,480 Commercial business 0 0 0 0 28,406 28,406 Home equity/2nd mortgage 153 23 97 273 37,852 38,125 Other consumer 263 26 3 292 34,543 34,835 Total $ 3,564 $ 857 $ 450 $ 4,871 $ 301,614 $ 306,485 | 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Current Total Loans (In thousands) Residential real estate $ 3,070 $ 551 $ 308 $ 3,929 $ 103,167 $ 107,096 Land 24 124 0 148 10,932 11,080 Construction 0 0 0 0 8,463 8,463 Commercial real estate 54 133 42 229 78,251 78,480 Commercial business 0 0 0 0 28,406 28,406 Home equity and second mortgage 153 23 97 273 37,852 38,125 Other consumer 263 26 3 292 34,543 34,835 Total $ 3,564 $ 857 $ 450 $ 4,871 $ 301,614 $ 306,485 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Current Total Loans (In thousands) Residential real estate $ 3,160 $ 830 $ 701 $ 4,691 $ 102,817 $ 107,508 Land 162 109 12 283 10,077 10,360 Construction 0 0 0 0 9,018 9,018 Commercial real estate 231 500 49 780 75,886 76,666 Commercial business 0 0 189 189 21,814 22,003 Home equity and second mortgage 411 24 132 567 34,702 35,269 Other consumer 296 34 8 338 33,316 33,654 Total $ 4,260 $ 1,497 $ 1,091 $ 6,848 $ 287,630 $ 294,478 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) June 30, 2015 Pass $ 105,401 $ 7,661 $ 8,362 $ 72,937 $ 24,264 $ 38,229 $ 37,639 $ 294,493 Special Mention 100 92 0 1,649 514 1 57 2,413 Substandard 968 2,795 0 632 329 141 16 4,881 Doubtful 1,069 20 0 434 0 122 0 1,645 Loss 0 0 0 0 0 0 0 0 Total $ 107,538 $ 10,568 $ 8,362 $ 75,652 $ 25,107 $ 38,493 $ 37,712 $ 303,432 December 31, 2014 Pass $ 104,780 $ 7,969 $ 7,722 $ 73,204 $ 26,137 $ 37,860 $ 34,770 $ 292,442 Special Mention 105 94 741 2,648 298 2 49 3,937 Substandard 1,292 3,001 0 2,195 329 134 16 6,967 Doubtful 919 16 0 433 1,642 129 0 3,139 Loss 0 0 0 0 0 0 0 0 Total $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 | Residential Real Estate Land Construction Commercial Real Estate Commercial Business Home Equity and Second Mortgage Other Consumer Total (In thousands) December 31, 2014 Pass $ 104,780 $ 7,969 $ 7,722 $ 73,204 $ 26,137 $ 37,860 $ 34,770 $ 292,442 Special mention 105 94 741 2,648 298 2 49 3,937 Substandard 1,292 3,001 0 2,195 329 134 16 6,967 Doubtful 919 16 0 433 1,642 129 0 3,139 Loss 0 0 0 0 0 0 0 0 Total $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 December 31, 2013 Pass $ 103,594 $ 7,096 $ 9,018 $ 71,893 $ 19,328 $ 34,693 $ 33,627 $ 279,249 Special mention 756 0 0 2,627 458 198 27 4,066 Substandard 1,625 3,144 0 690 319 126 0 5,904 Doubtful 1,533 120 0 1,456 1,898 252 0 5,259 Loss 0 0 0 0 0 0 0 0 Total $ 107,508 $ 10,360 $ 9,018 $ 76,666 $ 22,003 $ 35,269 $ 33,654 $ 294,478 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | June 30, 2015 December 31, 2014 Accruing Nonaccrual Total Related Allowance Accruing Nonaccrual Total Related Allowance (In thousands) Troubled debt restructurings: Residential real estate $ 349 $ 310 $ 659 $ 3 $ 492 $ 166 $ 658 $ 6 Commercial real estate 1,367 331 1,698 0 1,386 338 1,724 0 Commercial business 0 0 0 0 0 1,642 1,642 1,292 Home equity and 2nd mortgage 21 0 21 0 22 0 22 0 Total $ 1,737 $ 641 $ 2,378 $ 3 $ 1,900 $ 2,146 $ 4,046 $ 1,298 | December 31, 2014 December 31, 2013 Accruing Nonaccrual Total Related Allowance for Loan Losses Accruing Nonaccrual Total Related Allowance for Loan Losses (In thousands) Residential real estate $ 492 $ 166 $ 658 $ 6 $ 508 $ 226 $ 734 $ 45 Commercial real estate 1,386 338 1,724 0 1,130 0 1,130 0 Commercial business 0 1,642 1,642 1,292 0 1,709 1,709 1,259 Home equity and second mortgage 22 0 22 0 24 0 24 0 Total $ 1,900 $ 2,146 $ 4,046 $ 1,298 $ 1,662 $ 1,935 $ 3,597 $ 1,304 |
Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block] | Six months ended June 30, 2014 Number of Pre-Modification Post-Modification (Dollars in thousands) Troubled debt restructurings: Commercial real estate 3 $ 542 $ 542 Total 3 $ 542 $ 542 | Number of Contracts Pre-Modification Outstanding Balance Post-Modification Outstanding Balance (In thousands) Commercial real estate 5 $ 641 $ 641 Total 5 $ 641 $ 641 Number of Contracts Pre-Modification Outstanding Balance Post-Modification Outstanding Balance (In thousands) Residential real estate 5 $ 310 $ 310 Total 5 $ 310 $ 310 |
Schedule of Related Party Transactions [Table Text Block] | (In thousands) Beginning balance $ 6,549 New loans 10,612 Payments (8,507 ) Ending balance $ 8,654 | |
Financing Receivable [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items] | ||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 107,136 $ 10,526 $ 8,341 $ 75,521 $ 24,983 $ 37,844 $ 37,566 $ 301,917 Accrued interest receivable 339 38 21 168 131 124 146 967 Net deferred loan origination fees and costs 63 4 0 (37 ) (7 ) 525 0 548 Recorded investment in loans $ 107,538 $ 10,568 $ 8,362 $ 75,652 $ 25,107 $ 38,493 $ 37,712 $ 303,432 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,419 $ 20 $ 0 $ 1,800 $ 0 $ 143 $ 0 $ 3,382 Collectively evaluated for impairment 106,119 10,548 8,362 73,852 25,107 38,350 37,712 300,050 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 107,538 $ 10,568 $ 8,362 $ 75,652 $ 25,107 $ 38,493 $ 37,712 $ 303,432 Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 106,679 $ 11,028 $ 8,444 $ 78,314 $ 28,282 $ 37,513 $ 34,683 $ 304,943 Accrued interest receivable 368 48 20 186 131 131 152 1,036 Net deferred loan origination fees and costs 49 4 (1 ) (20 ) (7 ) 481 0 506 Recorded investment in loans $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,411 $ 16 $ 0 $ 1,819 $ 1,642 $ 151 $ 0 $ 5,039 Collectively evaluated for impairment 105,685 11,064 8,463 76,661 26,764 37,974 34,835 301,446 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 | Residential Real Estate Land Construction Commercial Real Estate Commercial Business Home Equity and Second Mortgage Other Consumer Total (In thousands) December 31, 2014 Principal loan balance $ 106,679 $ 11,028 $ 8,444 $ 78,314 $ 28,282 $ 37,513 $ 34,683 $ 304,943 Accrued interest receivable 368 48 20 186 131 131 152 1,036 Net deferred loan origination fees and costs 49 4 (1 ) (20 ) (7 ) 481 0 506 Recorded investment in loans $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 December 31, 2013 Principal loan balance $ 107,029 $ 10,309 $ 8,996 $ 76,496 $ 21,956 $ 34,815 $ 33,486 $ 293,087 Accrued interest receivable 427 49 22 202 56 126 168 1,050 Net deferred loan origination fees and costs 52 2 0 (32 ) (9 ) 328 0 341 Recorded investment in loans $ 107,508 $ 10,360 $ 9,018 $ 76,666 $ 22,003 $ 35,269 $ 33,654 $ 294,478 |
Note 5 - Supplemental Disclos45
Note 5 - Supplemental Disclosure for Earnings Per Share (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Earnings Per Share [Abstract] | ||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended 6/30/2015 6/30/2014 6/30/2015 6/30/2014 Basic (Dollars in thousands, except for share and per share data) Earnings: Net income attributable to First Capital, Inc. $ 1,228 $ 1,518 $ 2,694 $ 2,815 Shares: Weighted average common shares outstanding 2,740,689 2,757,335 2,740,596 2,770,637 Net income attributable to First Capital, Inc. per common share, basic $ 0.45 $ 0.55 $ 0.98 $ 1.02 Diluted Earnings: Net income attributable to First Capital, Inc. $ 1,228 $ 1,518 $ 2,694 $ 2,815 Shares: Weighted average common shares outstanding 2,740,689 2,757,335 2,740,596 2,770,637 Add: Dilutive effect of restricted stock 506 0 156 0 Weighted average common shares outstanding, as adjusted 2,741,195 2,757,335 2,740,752 2,770,637 Net income attributable to First Capital, Inc. per common share, diluted $ 0.45 $ 0.55 $ 0.98 $ 1.02 | Years Ended December 31 2014 2013 (In thousands, except for share and per share data) Basic and Diluted: Earnings: Net income attributable to First Capital, Inc. $ 5,594 $ 5,074 Shares: Weighted average common shares outstanding 2,755,588 2,784,690 Net income per common share attributable $ 2.03 $ 1.82 |
Note 6 - Stock Option Plan (Tab
Note 6 - Stock Option Plan (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Number Weighted Nonvested at January 1, 2015 - - Granted 19,500 $ 24.50 Vested 500 24.50 Forfeited 1,000 24.50 Nonvested at June 30, 2015 18,000 $ 24.50 |
Note 7 - Supplemental Disclos47
Note 7 - Supplemental Disclosures of Cash Flow Information (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Supplemental Cash Flow Elements [Abstract] | ||
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Six Months Ended 2015 2014 ( In thousands ) Cash payments for: Interest $ 516 $ 632 Taxes 1,035 1,042 Noncash investing activities: Transfers from loans to real estate acquired through foreclosure 562 75 | Years Ended December 31 (In thousands) 2014 2013 Cash payments for Interest $ 1,209 $ 1,751 Income taxes 2,464 2,357 Noncash investing activities: Transfers from loans to real estate $ 262 $ 1,149 Proceeds from sales of foreclosed 177 526 |
Note 8 - Fair Value Measureme48
Note 8 - Fair Value Measurements (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Fair Value Disclosures [Abstract] | ||
Fair Value, Assets Measured on Recurring and Nonrecurring Basis [Table Text Block] | Carrying Value (In thousands) Level 1 Level 2 Level 3 Total June 30, 2015 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ 0 $ 34,338 $ 0 $ 34,338 Agency CMO 0 11,462 0 11,462 Agency notes and bonds 0 18,533 0 18,533 Municipal obligations 0 32,551 0 32,551 Mutual funds 1,477 0 0 1,477 Total securities available for sale $ 1,477 $ 96,884 $ 0 $ 98,361 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ 0 $ 0 $ 1,344 $ 1,344 Land 0 0 20 20 Construction 0 0 0 0 Commercial real estate 0 0 1,792 1,792 Commercial business 0 0 0 0 Home equity and second mortgage 0 0 133 133 Total impaired loans $ 0 $ 0 $ 3,289 $ 3,289 Loans held for sale $ 0 $ 1,673 $ 0 $ 1,673 Foreclosed real estate: Residential real estate $ 0 $ 0 $ 87 $ 87 Commercial real estate 0 0 480 480 Total foreclosed real estate $ 0 $ 0 $ 567 $ 567 December 31, 2014 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ 0 $ 32,296 $ 0 $ 32,296 Agency CMO 0 14,385 0 14,385 Agency notes and bonds 0 18,120 0 18,120 Municipal obligations 0 33,342 0 33,342 Mutual funds 2,083 0 0 2,083 Total securities available for sale $ 2,083 $ 98,143 $ 0 $ 100,226 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ 0 $ 0 $ 1,364 $ 1,364 Land 0 0 16 16 Construction 0 0 0 0 Commercial real estate 0 0 1,808 1,808 Commercial business 0 0 349 349 Home equity and second mortgage 0 0 151 151 Total impaired loans $ 0 $ 0 $ 3,688 $ 3,688 Loans held for sale $ 0 $ 1,608 $ 0 $ 1,608 Foreclosed real estate: Residential real estate $ 0 $ 0 $ 78 $ 78 Total foreclosed real estate $ 0 $ 0 $ 78 $ 78 | Carrying Value Level 1 Level 2 Level 3 Total (In thousands) December 31, 2014 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ 0 $ 32,296 $ 0 $ 32,296 Agency CMO 0 14,385 0 14,385 Agency notes and bonds 0 18,120 0 18,120 Municipal obligations 0 33,342 0 33,342 Mutual funds 2,083 0 0 2,083 Total securities available for sale $ 2,083 $ 98,143 $ 0 $ 100,226 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ 0 $ 0 $ 1,364 $ 1,364 Land 0 0 16 16 Commercial real estate 0 0 1,808 1,808 Commercial business 0 0 349 349 Home equity and second mortgage 0 0 151 151 Total impaired loans $ 0 $ 0 $ 3,688 $ 3,688 Loans held for sale $ 0 $ 1,608 $ 0 $ 1,608 Foreclosed real estate: Residential real estate $ 0 $ 0 $ 78 $ 78 Total foreclosed real estate $ 0 $ 0 $ 78 $ 78 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) December 31, 2013 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ 0 $ 18,369 $ 0 $ 18,369 Agency CMO 0 20,241 0 20,241 Agency notes and bonds 0 30,914 0 30,914 Municipal obligations 0 36,040 0 36,040 Mutual funds 3,198 0 0 3,198 Total securities available for sale $ 3,198 $ 105,564 $ 0 $ 108,762 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ 0 $ 0 $ 1,928 $ 1,928 Land 0 0 120 120 Commercial real estate 0 0 2,441 2,441 Commercial business 0 0 639 639 Home equity and second mortgage 0 0 263 263 Total impaired loans $ 0 $ 0 $ 5,391 $ 5,391 Loans held for sale $ 0 $ 1,611 $ 0 $ 1,611 Foreclosed real estate: Residential real estate $ 0 $ 0 $ 466 $ 466 Total foreclosed real estate $ 0 $ 0 $ 466 $ 466 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Fair Fair Vale Measurements Using (In thousands) Value Value Level 1 Level 2 Level 3 June 30, 2015 Financial assets: Cash and cash equivalents $ 39,647 $ 39,647 $ 39,647 $ 0 $ 0 Interest-bearing time deposits 9,515 9,618 0 9,618 0 Securities available for sale 98,361 98,361 1,477 96,884 0 Securities held to maturity 5 5 0 5 0 Loans held for sale 1,673 1,708 0 1,708 0 Loans, net 298,865 298,602 0 0 298,602 FHLB stock 1,550 1,550 0 1,550 0 Accrued interest receivable 1,538 1,538 0 1,538 0 Cost method investment (included in other assets) 711 711 0 711 0 Financial liabilities: Deposits 416,247 415,785 0 0 415,785 Accrued interest payable 94 94 0 94 0 December 31, 2014: Financial assets: Cash and cash equivalents $ 33,243 $ 33,243 $ 33,243 $ 0 $ 0 Interest-bearing time deposits 8,270 8,370 0 8,370 0 Securities available for sale 100,226 100,226 2,083 98,143 0 Securities held to maturity 6 6 0 6 0 Loans held for sale 1,608 1,641 0 1,641 0 Loans, net 300,603 301,864 0 0 301,864 FHLB stock 2,241 2,241 0 2,241 0 Accrued interest receivable 1,580 1,580 0 1,580 0 Cost method investment (included in other assets) 711 711 0 711 0 Financial liabilities: Deposits 412,636 412,282 0 0 412,282 Accrued interest payable 127 127 0 127 0 | Fair Value Measurements Using ( In thousands Carrying Value Fair Value Level 1 Level 2 Level 3 December 31, 2014: Financial assets: Cash and cash equivalents $ 33,243 $ 33,243 $ 33,243 $ 0 $ 0 Interest-bearing time deposits 8,270 8,370 0 8,370 0 Securities available for sale 100,226 100,226 2,083 98,143 0 Securities held to maturity 6 6 0 6 0 Loans held for sale 1,608 1,641 0 1,641 0 Loans, net 300,603 301,864 0 0 301,864 FHLB stock 2,241 2,241 0 2,241 0 Accrued interest receivable 1,580 1,580 0 1,580 0 Cost method investment 711 711 0 711 0 Financial liabilities: Deposits 412,636 412,282 0 0 412,282 Accrued interest payable 127 127 0 127 0 December 31, 2013: Financial assets: Cash and cash equivalents $ 11,136 $ 11,136 $ 11,136 $ 0 $ 0 Interest-bearing time deposits 4,425 4,458 0 4,458 0 Securities available for sale 108,762 108,762 3,198 105,564 0 Securities held to maturity 9 9 0 9 0 Loans held for sale 1,611 1,644 0 1,644 0 Loans, net 288,506 287,753 0 0 287,753 FHLB stock 2,820 2,820 0 2,820 0 Accrued interest receivable 1,716 1,716 0 1,716 0 Cost method investment 540 540 0 540 0 Financial liabilities: Deposits 373,830 373,883 0 0 373,883 Retail repurchase agreements 9,310 9,310 0 9,310 0 Advances from FHLB 5,500 5,500 0 5,500 0 Accrued interest payable 192 192 0 192 0 |
Note 5 - Premises and Equipme49
Note 5 - Premises and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2014 | |
Property, Plant and Equipment [Abstract] | |
Property, Plant and Equipment [Table Text Block] | (In thousands) 2014 2013 Land and land improvements $ 3,256 $ 3,256 Leasehold improvements 56 56 Office buildings 10,605 10,391 Furniture, fixtures and equipment 4,867 4,620 18,784 18,323 Less accumulated depreciation 8,576 7,976 Totals $ 10,208 $ 10,347 |
Note 8 - Deposits (Tables)
Note 8 - Deposits (Tables) | 12 Months Ended |
Dec. 31, 2014 | |
Deposits Assets Disclosure Noncurrent [Abstract] | |
Schedule Of Time Deposit Contractual Maturities [Table Text Block] | Year ending December 31: (In thousands) 2015 $ 40,704 2016 14,993 2017 11,336 2018 7,412 2019 and thereafter 1,326 Total $ 75,771 |
Note 9 - Retail Repurchase Ag51
Note 9 - Retail Repurchase Agreements (Tables) | 12 Months Ended |
Dec. 31, 2014 | |
Repurchase Agreements Disclosure [Abstract] | |
Schedule of Repurchase Agreements [Table Text Block] | (Dollars in thousands) 2014 2013 Outstanding balance at year end $ 0 $ 9,310 Weighted average interest rate at year end 0.00 % 0.26 % Weighted average interest rate during the year 0.26 % 0.25 % Average daily balance $ 4,601 $ 11,015 Maximum month-end balance during the year $ 10,617 $ 13,041 Debt securities underlying the agreements at December 31: Amortized cost $ 0 $ 13,322 Fair value $ 0 $ 12,920 |
Note 12 - Income Taxes (Tables)
Note 12 - Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2014 | |
Income Tax Disclosure [Abstract] | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | (In thousands) 2014 2013 Current $ 2,027 $ 2,055 Deferred 285 200 Totals $ 2,312 $ 2,255 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | (In thousands) 2014 2013 Provision at federal statutory tax rate $ 2,692 $ 2,496 State income tax-net of federal tax benefit 170 188 Change in state statutory tax rate 15 26 Tax-exempt interest income (422 ) (402 ) Increase in cash value of life insurance (95 ) (54 ) Captive insurance net premiums (57 ) 0 Other 9 1 Totals $ 2,312 $ 2,255 Effective tax rate 29.2 % 30.7 % |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | (In thousands) 2014 2013 Deferred tax assets (liabilities): Deferred compensation plans $ 92 $ 102 Allowance for loan losses 1,679 1,661 Accrued early retirement 18 32 Other 157 157 Unrealized loss on securities available for sale 0 443 Deferred tax assets 1,946 2,395 Depreciation (647 ) (664 ) Deferred loan fees and costs (171 ) (86 ) FHLB stock dividends (98 ) (99 ) Prepaid expenses (231 ) 0 Unrealized gain on securities available for sale (434 ) 0 Deferred tax liabilities (1,581 ) (849 ) Net deferred tax asset $ 365 $ 1,546 |
Note 16 - Commitments and Con53
Note 16 - Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments to Extend Credit [Table Text Block] | (In thousands) 2014 2013 Loan commitments: Fixed rate $ 351 $ 865 Adjustable rate 7,062 5,453 Unused lines of credit on credit cards 4,732 3,821 Undisbursed commercial and personal lines of credit 19,390 19,484 Undisbursed portion of construction loans in process 3,325 7,142 Undisbursed portion of home equity lines of credit 24,206 20,980 Total commitments to extend credit $ 59,066 $ 57,745 |
Note 19 - Regulatory Matters (T
Note 19 - Regulatory Matters (Tables) | 12 Months Ended |
Dec. 31, 2014 | |
Legal And Regulatory Matters [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Actual Minimum For Capital Adequacy Purposes: Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions: (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2014 Total capital (to risk $ 53,545 15.80 % $ 27,105 8.00 % $ 33,881 10.00 % Tier I capital (to risk $ 49,302 14.55 % N/A $ 20,329 6.00 % Tier I capital (to adjusted $ 49,302 10.59 % $ 18,624 4.00 % $ 23,280 5.00 % Tangible capital (to $ 49,302 10.59 % $ 6,984 1.50 % N/A As of December 31, 2013 Total capital (to risk $ 51,780 16.11 % $ 25,713 8.00 % $ 32,141 10.00 % Tier I capital (to risk $ 47,751 14.86 % N/A $ 19,285 6.00 % Tier I capital (to adjusted $ 47,751 10.89 % $ 17,534 4.00 % $ 21,917 5.00 % Tangible capital (to $ 47,751 10.89 % $ 6,575 1.50 % N/A |
Note 20 - Disclosures About F55
Note 20 - Disclosures About Fair Value of Financial Instruments (Tables) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Fair Value Measurements And Financial Instruments Disclosure [Abstract] | ||
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Fair Fair Vale Measurements Using (In thousands) Value Value Level 1 Level 2 Level 3 June 30, 2015 Financial assets: Cash and cash equivalents $ 39,647 $ 39,647 $ 39,647 $ 0 $ 0 Interest-bearing time deposits 9,515 9,618 0 9,618 0 Securities available for sale 98,361 98,361 1,477 96,884 0 Securities held to maturity 5 5 0 5 0 Loans held for sale 1,673 1,708 0 1,708 0 Loans, net 298,865 298,602 0 0 298,602 FHLB stock 1,550 1,550 0 1,550 0 Accrued interest receivable 1,538 1,538 0 1,538 0 Cost method investment (included in other assets) 711 711 0 711 0 Financial liabilities: Deposits 416,247 415,785 0 0 415,785 Accrued interest payable 94 94 0 94 0 December 31, 2014: Financial assets: Cash and cash equivalents $ 33,243 $ 33,243 $ 33,243 $ 0 $ 0 Interest-bearing time deposits 8,270 8,370 0 8,370 0 Securities available for sale 100,226 100,226 2,083 98,143 0 Securities held to maturity 6 6 0 6 0 Loans held for sale 1,608 1,641 0 1,641 0 Loans, net 300,603 301,864 0 0 301,864 FHLB stock 2,241 2,241 0 2,241 0 Accrued interest receivable 1,580 1,580 0 1,580 0 Cost method investment (included in other assets) 711 711 0 711 0 Financial liabilities: Deposits 412,636 412,282 0 0 412,282 Accrued interest payable 127 127 0 127 0 | Fair Value Measurements Using ( In thousands Carrying Value Fair Value Level 1 Level 2 Level 3 December 31, 2014: Financial assets: Cash and cash equivalents $ 33,243 $ 33,243 $ 33,243 $ 0 $ 0 Interest-bearing time deposits 8,270 8,370 0 8,370 0 Securities available for sale 100,226 100,226 2,083 98,143 0 Securities held to maturity 6 6 0 6 0 Loans held for sale 1,608 1,641 0 1,641 0 Loans, net 300,603 301,864 0 0 301,864 FHLB stock 2,241 2,241 0 2,241 0 Accrued interest receivable 1,580 1,580 0 1,580 0 Cost method investment 711 711 0 711 0 Financial liabilities: Deposits 412,636 412,282 0 0 412,282 Accrued interest payable 127 127 0 127 0 December 31, 2013: Financial assets: Cash and cash equivalents $ 11,136 $ 11,136 $ 11,136 $ 0 $ 0 Interest-bearing time deposits 4,425 4,458 0 4,458 0 Securities available for sale 108,762 108,762 3,198 105,564 0 Securities held to maturity 9 9 0 9 0 Loans held for sale 1,611 1,644 0 1,644 0 Loans, net 288,506 287,753 0 0 287,753 FHLB stock 2,820 2,820 0 2,820 0 Accrued interest receivable 1,716 1,716 0 1,716 0 Cost method investment 540 540 0 540 0 Financial liabilities: Deposits 373,830 373,883 0 0 373,883 Retail repurchase agreements 9,310 9,310 0 9,310 0 Advances from FHLB 5,500 5,500 0 5,500 0 Accrued interest payable 192 192 0 192 0 |
Note 22 - Parent Company Cond56
Note 22 - Parent Company Condensed Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2014 | |
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | |
Condensed Financial Information of Parent Company Only, Statements of Financial Condition [Table Text Block] | As of December 31 2014 2013 Assets: Cash and cash equivalents $ 309 $ 132 Other assets 911 670 Investment in subsidiaries 55,906 52,430 $ 57,126 $ 53,232 Liabilities and Equity: Accrued expenses $ 5 $ 5 Stockholders' equity 57,121 53,227 $ 57,126 $ 53,232 |
Condensed Financial Information of Parent Company Only, Statement of Income [Table Text Block] | Years Ended December 31 2014 2013 Dividend and other income $ 4,120 $ 2,847 Other operating expenses (376 ) (253 ) Income before income taxes and equity in 3,744 2,594 Income tax benefit 145 98 Income before equity in undistributed net 3,889 2,692 Equity in undistributed net income of subsidiaries 1,705 2,382 Net income $ 5,594 $ 5,074 |
Condensed Financial Information of Parent Company Only, Statements of Cash Flows [Table Text Block] | Years Ended December 31 2014 2013 Operating Activities: Net income $ 5,594 $ 5,074 Adjustments to reconcile net income to cash and cash Equity in undistributed net income of subsidiaries (1,705 ) (2,382 ) Net change in other assets and liabilities (71 ) (9 ) Net cash provided by operating activities 3,818 2,683 Investing Activities: Investment in captive insurance subsidiary (250 ) 0 Cost method equity investment (171 ) (540 ) Net cash used in investing activities (421 ) (540 ) Financing Activities: Purchase of treasury stock (908 ) (19 ) Cash dividends paid (2,312 ) (2,228 ) Net cash used in financing activities (3,220 ) (2,247 ) Net increase (decrease) in cash and cash equivalents 177 (104 ) Cash and cash equivalents at beginning of year 132 236 Cash and cash equivalents at end of year $ 309 $ 132 |
Note 25 - Selected Quarterly 57
Note 25 - Selected Quarterly Financial Information (unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2014 | |
Quarterly Financial Information Disclosure [Abstract] | |
Schedule of Quarterly Financial Information [Table Text Block] | First Quarter Second Quarter Third Quarter Fourth Quarter 2014 (In thousands, except per share data) Interest income $ 4,502 $ 4,663 $ 4,646 $ 4,588 Interest expense 298 297 280 269 Net interest income 4,204 4,366 4,366 4,319 Provision for loan losses 25 90 75 0 Net interest income after 4,179 4,276 4,291 4,319 Noninterest income 979 1,287 1,438 1,232 Noninterest expenses 3,299 3,349 3,591 3,843 Income before income taxes 1,859 2,214 2,138 1,708 Income tax expense 559 692 611 450 Net income 1,300 1,522 1,527 1,258 Less: net income attributable to 3 4 3 3 Net income attributable to $ 1,297 $ 1,518 $ 1,524 $ 1,255 Earnings per common share Basic $ 0.47 $ 0.55 $ 0.56 $ 0.45 Diluted $ 0.47 $ 0.55 $ 0.56 $ 0.45 2013 Interest income $ 4,576 $ 4,554 $ 4,649 $ 4,632 Interest expense 458 440 408 347 Net interest income 4,118 4,114 4,241 4,285 Provision for loan losses 250 225 100 150 Net interest income after 3,868 3,889 4,141 4,135 Noninterest income 1,162 1,188 1,211 1,079 Noninterest expenses 3,322 3,306 3,270 3,433 Income before income taxes 1,708 1,771 2,082 1,781 Income tax expense 511 557 653 534 Net income 1,197 1,214 1,429 1,247 Less: net income attributable to 3 4 3 3 Net income attributable to $ 1,194 $ 1,210 $ 1,426 $ 1,244 Earnings per common share Basic $ 0.43 $ 0.43 $ 0.51 $ 0.45 Diluted $ 0.43 $ 0.43 $ 0.51 $ 0.45 |
Note 1 - Presentation of Inte58
Note 1 - Presentation of Interim Information (Details) | Dec. 31, 2014USD ($)shares | Jan. 21, 2009USD ($)shares | Jun. 30, 2015USD ($)shares | Jun. 30, 2014USD ($) | Jun. 30, 2015USD ($)shares | Jun. 30, 2014USD ($) | Dec. 31, 2014USD ($)shares | Dec. 31, 2013USD ($)shares |
Note 1 - Presentation of Interim Information (Details) [Line Items] | ||||||||
Preferred Stock, Shares Issued (in Shares) | shares | 0 | 0 | 0 | 0 | 0 | |||
Loan Payments Delinquency Period Beyond which Loan is Considered Past-Due | 90 days | |||||||
Nonaccrual Loans, Performance Period | 6 months | |||||||
Financing Receivable, Allowance for Credit Losses, Write-downs | $ 125,000 | $ 93,000 | $ 1,382,000 | $ 226,000 | $ 620,000 | $ 892,000 | ||
Financing Receivable, Recorded Investment, Current | $ 301,614,000 | 299,010,000 | 299,010,000 | 301,614,000 | 287,630,000 | |||
Impaired Financing Receivable, Unpaid Principal Balance | 5,735,000 | $ 3,827,000 | $ 3,827,000 | 5,735,000 | 7,586,000 | |||
Loans and Leases Receivable, Commitments, Fixed Rates | $ 306,000 | |||||||
Impaired Loans Partially Charged-off [Member] | ||||||||
Note 1 - Presentation of Interim Information (Details) [Line Items] | ||||||||
Financing Receivable, Allowance for Credit Losses, Write-downs | $ 67,000 | 68,000 | ||||||
Number of Loans | 12 | 12 | ||||||
Consumer Portfolio Segment [Member] | ||||||||
Note 1 - Presentation of Interim Information (Details) [Line Items] | ||||||||
Financing Receivable, Allowance for Credit Losses, Write-downs | $ 320,000 | 337,000 | ||||||
Financing Receivable, Recorded Investment, Current | $ 34,543,000 | $ 34,543,000 | $ 33,316,000 | |||||
Threshold Period Past Due for Write-off of Financing Receivable | 90 days | |||||||
Bank Overdrafts [Member] | ||||||||
Note 1 - Presentation of Interim Information (Details) [Line Items] | ||||||||
Threshold Period Past Due for Write-off of Financing Receivable | 45 days | |||||||
Twelve Loans [Member] | Impaired Loans Partially Charged-off [Member] | ||||||||
Note 1 - Presentation of Interim Information (Details) [Line Items] | ||||||||
Financing Receivable, Allowance for Credit Losses, Write-downs | $ 472,000 | |||||||
Financing Receivable, Recorded Investment, Current | 757,000 | 757,000 | ||||||
Impaired Financing Receivable, Unpaid Principal Balance | $ 1,400,000 | $ 1,400,000 | ||||||
Partial Charge-off Loan [Member] | Impaired Loans Partially Charged-off [Member] | ||||||||
Note 1 - Presentation of Interim Information (Details) [Line Items] | ||||||||
Number of Loans | 11 | |||||||
Eleven Loans [Member] | Impaired Loans Partially Charged-off [Member] | ||||||||
Note 1 - Presentation of Interim Information (Details) [Line Items] | ||||||||
Financing Receivable, Allowance for Credit Losses, Write-downs | $ 446,000 | |||||||
Financing Receivable, Recorded Investment, Current | 900,000 | |||||||
Impaired Financing Receivable, Unpaid Principal Balance | $ 1,400,000 | |||||||
Cumulative Preferred Stock Subject to Mandatory Redemption [Member] | First Harrison Reit Incorporated [Member] | ||||||||
Note 1 - Presentation of Interim Information (Details) [Line Items] | ||||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 0.20% | 0.20% | ||||||
Cumulative Preferred Stock Subject to Mandatory Redemption [Member] | First Harrison Reit Incorporated [Member] | Private Placement [Member] | ||||||||
Note 1 - Presentation of Interim Information (Details) [Line Items] | ||||||||
Preferred Stock, Shares Issued (in Shares) | shares | 105 | |||||||
Preferred Stock, Dividend Rate, Percentage | 12.50% | |||||||
Preferred Stock, Liquidation Preference, Value | $ 105,000 | |||||||
Maximum [Member] | ||||||||
Note 1 - Presentation of Interim Information (Details) [Line Items] | ||||||||
Maturity of Time Deposits | 90 days |
Note 2 - Proposed Merger (Detai
Note 2 - Proposed Merger (Details) - Peoples Bancorp, Inc. [Member] | Jun. 04, 2015$ / sharesshares |
Note 2 - Proposed Merger (Details) [Line Items] | |
Business Acquisition, Shares to Be Received (in Shares) | shares | 382.83 |
Business Acquisition, Share Price (in Dollars per share) | $ 9,475 |
Business Acquisition, Equity Transferred Percentage | 50.00% |
Business Acquisition, Cash Transferred Percentage | 50.00% |
Business Acquisition, Contingent Consideration Term | 24 months |
Note 3 - Investment Securitie60
Note 3 - Investment Securities (Details) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2014USD ($)shares | Dec. 31, 2013shares | Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($)shares | |
Note 3 - Investment Securities (Details) [Line Items] | ||||||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 67 | 67 | 51 | |||||
Available-for-sale, Securities in Unrealized Loss Positions, Depreciation from Amortized Cost, Percentage | 1.10% | 1.10% | 1.00% | |||||
Proceeds from Sale and Maturity of Marketable Securities | $ 0 | $ 0 | ||||||
Equity Method Investment Number Of Common Shares Acquired (in Shares) | shares | 31,750 | 100,000 | 100,000 | |||||
Percentage Of Outstanding Shares Of Voting Common Stock | 9.00% | 9.00% | 9.00% | |||||
Cost Method Investments | $ 711,000 | $ 711,000 | $ 711,000 | |||||
Other Assets [Member] | ||||||||
Note 3 - Investment Securities (Details) [Line Items] | ||||||||
Cost Method Investments | $ 711,000 | 711,000 | 711,000 | |||||
Municipal Notes [Member] | ||||||||
Note 3 - Investment Securities (Details) [Line Items] | ||||||||
Available-for-sale Securities, Gross Realized Gains | $ 54,000 | $ 54,000 | $ 98,000 | $ 22,000 | ||||
Available-for-sale Securities, Gross Realized Losses | 31,000 | |||||||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||||||
Note 3 - Investment Securities (Details) [Line Items] | ||||||||
Available-for-sale Securities, Gross Realized Gains | 7,000 | $ 7,000 | ||||||
Available-for-sale Securities, Gross Realized Losses | 3,000 | |||||||
Mutual Funds [Member] | ||||||||
Note 3 - Investment Securities (Details) [Line Items] | ||||||||
Available-for-sale Securities, Gross Realized Losses | $ 17,000 |
Note 3 - Investment Securitie61
Note 3 - Investment Securities (Details) - Investment Securities - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Securities available for sale: | |||
Securities available for sale, amortized cost | $ 97,730 | $ 98,993 | |
Securities available for sale, gross unrealized gains | 1,150 | 1,588 | |
Securities available for sale, gross unrealized losses | 519 | 355 | |
Securities available for sale, at fair value | 98,361 | 100,226 | $ 108,762 |
Securities held to maturity: | |||
Securities held to maturity, amortized cost | 5 | 6 | 9 |
Securities held to maturity, gross unrealized gains | 0 | 0 | 0 |
Securities held to maturity, gross unrealized losses | 0 | 0 | 0 |
Securities held to maturity, at fair value | 5 | 6 | 9 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Securities available for sale: | |||
Securities available for sale, amortized cost | 34,387 | 32,135 | 18,408 |
Securities available for sale, gross unrealized gains | 154 | 240 | 205 |
Securities available for sale, gross unrealized losses | 203 | 79 | 244 |
Securities available for sale, at fair value | 34,338 | 32,296 | 18,369 |
Securities held to maturity: | |||
Securities held to maturity, amortized cost | 5 | 6 | 9 |
Securities held to maturity, gross unrealized gains | 0 | 0 | 0 |
Securities held to maturity, gross unrealized losses | 0 | 0 | 0 |
Securities held to maturity, at fair value | 5 | 6 | 9 |
Agency Collateralized Mortgage Obligations [Member] | |||
Securities available for sale: | |||
Securities available for sale, amortized cost | 11,478 | 14,461 | 20,486 |
Securities available for sale, gross unrealized gains | 65 | 74 | 96 |
Securities available for sale, gross unrealized losses | 81 | 150 | 341 |
Securities available for sale, at fair value | 11,462 | 14,385 | 20,241 |
US Government Agencies Debt Securities [Member] | |||
Securities available for sale: | |||
Securities available for sale, amortized cost | 18,554 | 18,136 | 31,594 |
Securities available for sale, gross unrealized gains | 35 | 32 | 49 |
Securities available for sale, gross unrealized losses | 56 | 48 | 729 |
Securities available for sale, at fair value | 18,533 | 18,120 | 30,914 |
Municipal Notes [Member] | |||
Securities available for sale: | |||
Securities available for sale, amortized cost | 31,834 | 32,178 | 36,200 |
Securities available for sale, gross unrealized gains | 896 | 1,242 | 778 |
Securities available for sale, gross unrealized losses | 179 | 78 | 938 |
Securities available for sale, at fair value | 32,551 | 33,342 | 36,040 |
Debt Securities [Member] | |||
Securities available for sale: | |||
Securities available for sale, amortized cost | 96,253 | 96,910 | 106,688 |
Securities available for sale, gross unrealized gains | 1,150 | 1,588 | 1,128 |
Securities available for sale, gross unrealized losses | 519 | 355 | 2,252 |
Securities available for sale, at fair value | 96,884 | 98,143 | 105,564 |
Securities held to maturity: | |||
Securities held to maturity, amortized cost | 6 | ||
Securities held to maturity, at fair value | 6 | ||
Mutual Funds [Member] | |||
Securities available for sale: | |||
Securities available for sale, amortized cost | 1,477 | 2,083 | 3,238 |
Securities available for sale, gross unrealized gains | 0 | 0 | 0 |
Securities available for sale, gross unrealized losses | 0 | 0 | 40 |
Securities available for sale, at fair value | $ 1,477 | $ 2,083 | $ 3,198 |
Note 3 - Investment Securitie62
Note 3 - Investment Securities (Details) - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity [Abstract] | |||
Due in one year or less | $ 1,070 | $ 120 | |
Due in one year or less | 1,074 | 121 | |
Due in one year or less | 0 | 0 | |
Due in one year or less | 0 | 0 | |
Due after one year through five years | 17,306 | 15,679 | |
Due after one year through five years | 17,354 | 15,786 | |
Due after one year through five years | 0 | 0 | |
Due after one year through five years | 0 | 0 | |
Due after five years through ten years | 19,267 | 20,366 | |
Due after five years through ten years | 19,604 | 20,852 | |
Due after ten years | 12,745 | 14,149 | |
Due after ten years | 13,052 | 14,703 | |
Due after ten years | 0 | 0 | |
Due after ten years | 0 | 0 | |
50,388 | |||
51,084 | 51,462 | ||
0 | 0 | ||
0 | 0 | ||
Mortgage-backed securities and CMO | 45,865 | 46,596 | |
Mortgage-backed securities and CMO | 45,800 | 46,681 | |
Mortgage-backed securities and CMO | 5 | 6 | |
Mortgage-backed securities and CMO | 5 | 6 | |
96,253 | 50,314 | ||
96,884 | |||
5 | 6 | $ 9 | |
$ 5 | $ 6 | $ 9 |
Note 3 - Investment Securitie63
Note 3 - Investment Securities (Details) - Investment Securities Available for Sale $ in Thousands | Jun. 30, 2015USD ($) | Dec. 31, 2014USD ($) |
Continuous loss position less than twelve months: | ||
Number of investment positions, continuous loss position less than 12 months | 48 | 20 |
Fair value, continuous loss position less than 12 months | $ 32,157 | $ 10,731 |
Gross unrealized losses, continuous loss position less than 12 months | $ 298 | $ 51 |
Continuous loss position more than twelve months: | ||
Number of investment positions, continuous loss position more than 12 months | 19 | 31 |
Fair value, continuous loss position more than 12 months | $ 14,325 | $ 25,024 |
Gross unrealized losses, continuous loss position more than 12 months | $ 221 | $ 304 |
Total securities available for sale | 67 | 51 |
Total securities available for sale | $ 46,482 | $ 35,755 |
Total securities available for sale | $ 519 | $ 355 |
US Government Agencies Debt Securities [Member] | ||
Continuous loss position less than twelve months: | ||
Number of investment positions, continuous loss position less than 12 months | 9 | 2 |
Fair value, continuous loss position less than 12 months | $ 7,696 | $ 1,198 |
Gross unrealized losses, continuous loss position less than 12 months | $ 53 | $ 2 |
Continuous loss position more than twelve months: | ||
Number of investment positions, continuous loss position more than 12 months | 1 | 7 |
Fair value, continuous loss position more than 12 months | $ 999 | $ 7,586 |
Gross unrealized losses, continuous loss position more than 12 months | $ 3 | $ 47 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Continuous loss position less than twelve months: | ||
Number of investment positions, continuous loss position less than 12 months | 22 | 7 |
Fair value, continuous loss position less than 12 months | $ 17,893 | $ 5,925 |
Gross unrealized losses, continuous loss position less than 12 months | $ 150 | $ 21 |
Continuous loss position more than twelve months: | ||
Number of investment positions, continuous loss position more than 12 months | 4 | 6 |
Fair value, continuous loss position more than 12 months | $ 4,426 | $ 5,986 |
Gross unrealized losses, continuous loss position more than 12 months | $ 53 | $ 58 |
Municipal Notes [Member] | ||
Continuous loss position less than twelve months: | ||
Number of investment positions, continuous loss position less than 12 months | 17 | 9 |
Fair value, continuous loss position less than 12 months | $ 6,568 | $ 2,291 |
Gross unrealized losses, continuous loss position less than 12 months | $ 95 | $ 8 |
Continuous loss position more than twelve months: | ||
Number of investment positions, continuous loss position more than 12 months | 5 | 9 |
Fair value, continuous loss position more than 12 months | $ 2,306 | $ 4,146 |
Gross unrealized losses, continuous loss position more than 12 months | $ 84 | $ 70 |
Agency Collateralized Mortgage Obligations [Member] | ||
Continuous loss position less than twelve months: | ||
Number of investment positions, continuous loss position less than 12 months | 2 | |
Fair value, continuous loss position less than 12 months | $ 1,317 | |
Gross unrealized losses, continuous loss position less than 12 months | $ 21 | |
Continuous loss position more than twelve months: | ||
Number of investment positions, continuous loss position more than 12 months | 9 | 9 |
Fair value, continuous loss position more than 12 months | $ 6,594 | $ 7,306 |
Gross unrealized losses, continuous loss position more than 12 months | $ 81 | $ 129 |
Note 4 - Loans and Allowance 64
Note 4 - Loans and Allowance for Loan Losses (Details) | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) |
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Loans Charge-off Period | 90 days | |||||||
Financing Receivable, Allowance for Credit Losses, Write-downs | $ 125,000 | $ 93,000 | $ 1,382,000 | $ 226,000 | $ 620,000 | $ 892,000 | ||
Collateral Dependent Loans Value of Significant Properties | 200,000 | 200,000 | ||||||
Mortgage Loans in Process of Foreclosure, Amount | $ 436,000 | $ 436,000 | ||||||
Financing Receivable, Allowance for Credit Losses, Loss Factor Increase | 0.25% | 0.25% | ||||||
Financing Receivable, Allowance for Credit Losses, Loss Factor | 20.00% | 20.00% | 20.00% | 20.00% | ||||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | $ 1,600,000 | $ 1,400,000 | ||||||
Financing Receivable Allowance For Credit Losses Risk Factor | 1.18 | 1.18 | ||||||
Impaired Financing Receivable, Interest Income, Cash Basis Method | $ 0 | 0 | $ 0 | $ 0 | $ 0 | 0 | ||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | 0 | $ 0 | $ 0 | $ 0 | $ 0 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 3 | |||||
Troubled Debt Restructurings Principal Charge-offs | $ 0 | $ 0 | ||||||
Troubled Debt Restructurings Specific Allowance | $ 0 | $ 0 | ||||||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | 0 | 0 | ||
Recorded investment in loans | 306,485,000 | 294,478,000 | $ 303,432,000 | $ 303,432,000 | $ 306,485,000 | $ 294,478,000 | ||
Loans and Leases Receivable, Related Parties, Additions | 10,612,000 | |||||||
Loans and Leases Receivable, Related Parties | 8,654,000 | 6,549,000 | 8,654,000 | 6,549,000 | ||||
Allowance for Credit Losses, Change in Method of Calculating Impairment | 0 | 0 | 0 | 0 | ||||
Classified Loans [Member] | ||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | 664,000 | 521,000 | ||||||
Bank Overdrafts [Member] | ||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Loans Charge-off Period | 45 days | |||||||
Other Than Consumer Portfolio Segment [Member] | ||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Number of Loans | 11 | 11 | ||||||
Financing Receivable, Allowance for Credit Losses, Write-downs | $ 464,000 | |||||||
Director of the Bank [Member] | ||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Loans and Leases Receivable, Related Parties, Additions | 978,000 | |||||||
Loans and Leases Receivable, Related Parties | $ 1,200,000 | 951,000 | 1,200,000 | 951,000 | ||||
Classified Loans [Member] | ||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | 532,000 | $ 664,000 | ||||||
Residential Mortgage Segment [Member] | ||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Loan To Value Ratio | 90.00% | 90.00% | ||||||
Recorded investment in loans | $ 2,500,000 | $ 2,500,000 | ||||||
Amount of Loans Serviced for Others | $ 169,000 | $ 200,000 | 169,000 | $ 200,000 | ||||
Qualitative Factor Past Due Loans [Member] | ||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | $ 1,400,000 | $ 1,600,000 | ||||||
Financing Receivable Allowance For Credit Losses Risk Factor | 1.20 | 1.20 | 1.20 | 1.20 | ||||
Overall Qualitative Factor [Member] | ||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Financing Receivable Allowance For Credit Losses Risk Factor | 1.18 | 1.18 | 1.18 | 1.18 | ||||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | $ 527,000 | $ 520,000 | $ 471,000 | |||||
Qualitative Factor Economic Condition [Member] | ||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Financing Receivable Allowance For Credit Losses Risk Factor | 1.20 | 1.20 | ||||||
Qualitative Factor Other Internal And External Factors [Member] | ||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Financing Receivable Allowance For Credit Losses Risk Factor | 1.30 | 1.30 | 1.30 | 1.30 | ||||
Charge-off Treatment [Member] | ||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Financing Receivable, Allowance for Credit Losses, Net Charge Offs | $ 0 | $ 0 | ||||||
Minimum [Member] | ||||||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | ||||||||
Performance Period | 6 months |
Note 4 - Loans and Allowance 65
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans - USD ($) $ in Thousands | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Real estate mortgage loans: | |||||||
Loans | $ 307,741 | $ 308,268 | $ 300,229 | ||||
Consumer loans: | |||||||
Less undisbursed portion of loans in process | (5,824) | (3,325) | (7,142) | ||||
Principal loan balance | 301,917 | 304,943 | 293,087 | ||||
Deferred loan origination fees, net | 548 | 506 | 341 | ||||
Allowance for loan losses | (3,600) | $ (3,634) | (4,846) | $ (5,066) | $ (5,011) | (4,922) | $ (4,736) |
Loans, net | 298,865 | 300,603 | 288,506 | ||||
Residential Mortgage Segment [Member] | |||||||
Consumer loans: | |||||||
Principal loan balance | 106,679 | 107,029 | |||||
Deferred loan origination fees, net | 49 | 52 | |||||
Allowance for loan losses | (609) | (811) | (922) | ||||
Land Segment [Member] | |||||||
Consumer loans: | |||||||
Principal loan balance | 11,028 | 10,309 | |||||
Deferred loan origination fees, net | 4 | 2 | |||||
Allowance for loan losses | (201) | (152) | (71) | ||||
Home Equity And Second Mortgage [Member] | |||||||
Consumer loans: | |||||||
Principal loan balance | 37,513 | 34,815 | |||||
Deferred loan origination fees, net | 481 | 328 | |||||
Allowance for loan losses | (720) | (877) | $ (919) | ||||
Real Estate Portfolio Segment [Member] | Residential Mortgage Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans | 107,136 | 106,679 | |||||
Real Estate Portfolio Segment [Member] | Land Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans | 10,526 | 11,028 | |||||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans | 13,691 | 10,347 | |||||
Consumer loans: | |||||||
Principal loan balance | 8,341 | 8,444 | |||||
Deferred loan origination fees, net | 0 | (1) | |||||
Allowance for loan losses | (51) | (65) | (60) | (78) | (70) | (63) | |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans | 75,521 | 78,314 | |||||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Construction Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans | 474 | 1,422 | |||||
Commercial Portfolio Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans | 24,983 | 28,282 | |||||
Consumer loans: | |||||||
Principal loan balance | 24,983 | 28,282 | |||||
Deferred loan origination fees, net | (7) | (7) | |||||
Allowance for loan losses | (161) | (239) | (1,480) | (1,444) | (1,450) | (1,446) | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans | 37,844 | 37,513 | |||||
Consumer loans: | |||||||
Principal loan balance | 37,844 | 37,513 | |||||
Deferred loan origination fees, net | 525 | 481 | |||||
Allowance for loan losses | (648) | (716) | (720) | (932) | (902) | (877) | |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans | 27,194 | 25,274 | |||||
Consumer Portfolio Segment [Member] | Loans Secured by Savings Accounts [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans | 920 | 1,018 | |||||
Consumer Portfolio Segment [Member] | Unsecured Loan [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans | 3,445 | 3,316 | |||||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans | 6,007 | 5,075 | |||||
Consumer loans: | |||||||
Principal loan balance | 37,566 | 34,683 | |||||
Deferred loan origination fees, net | 0 | 0 | |||||
Allowance for loan losses | $ (264) | $ (283) | $ (275) | $ (336) | $ (331) | $ (289) |
Note 4 - Loans and Allowance 66
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans and Allowances for Loan Losses - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Recorded Investment in Loans: | |||
Principal loan balance | $ 301,917 | $ 304,943 | $ 293,087 |
Accrued interest receivable | 967 | 1,036 | 1,050 |
Net deferred loan origination | |||
Net deferred loan origination fees and costs | 548 | 506 | 341 |
Individually evaluated for impairment | 3,382 | 5,039 | 6,920 |
Collectively evaluated for impairment | 300,050 | 301,446 | 287,558 |
Recorded investment in loans | 303,432 | 306,485 | 294,478 |
Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Net deferred loan origination | |||
Recorded investment in loans | 0 | 0 | |
Home Equity And Second Mortgage [Member] | |||
Recorded Investment in Loans: | |||
Principal loan balance | 37,513 | 34,815 | |
Accrued interest receivable | 131 | 126 | |
Net deferred loan origination | |||
Net deferred loan origination fees and costs | 481 | 328 | |
Individually evaluated for impairment | 151 | 276 | |
Collectively evaluated for impairment | 37,974 | 34,993 | |
Recorded investment in loans | 38,125 | $ 35,269 | |
Real Estate Portfolio Segment [Member] | Residential Loan [Member] | |||
Recorded Investment in Loans: | |||
Principal loan balance | 107,136 | 106,679 | |
Accrued interest receivable | 339 | 368 | |
Net deferred loan origination | |||
Net deferred loan origination fees and costs | 63 | 49 | |
Individually evaluated for impairment | 1,419 | 1,411 | |
Collectively evaluated for impairment | 106,119 | 105,685 | |
Recorded investment in loans | 107,538 | 107,096 | |
Real Estate Portfolio Segment [Member] | Residential Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Net deferred loan origination | |||
Recorded investment in loans | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Land Loan [Member] | |||
Recorded Investment in Loans: | |||
Principal loan balance | 10,526 | 11,028 | |
Accrued interest receivable | 38 | 48 | |
Net deferred loan origination | |||
Net deferred loan origination fees and costs | 4 | 4 | |
Individually evaluated for impairment | 20 | 16 | |
Collectively evaluated for impairment | 10,548 | 11,064 | |
Recorded investment in loans | 10,568 | 11,080 | |
Real Estate Portfolio Segment [Member] | Land Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Net deferred loan origination | |||
Recorded investment in loans | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Recorded Investment in Loans: | |||
Principal loan balance | 8,341 | 8,444 | |
Accrued interest receivable | 21 | 20 | |
Net deferred loan origination | |||
Net deferred loan origination fees and costs | 0 | (1) | |
Individually evaluated for impairment | 0 | 0 | |
Collectively evaluated for impairment | 8,362 | 8,463 | |
Recorded investment in loans | 8,362 | 8,463 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Net deferred loan origination | |||
Recorded investment in loans | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Net deferred loan origination | |||
Recorded investment in loans | 75,652 | 78,480 | |
Commercial Portfolio Segment [Member] | |||
Recorded Investment in Loans: | |||
Principal loan balance | 24,983 | 28,282 | |
Accrued interest receivable | 131 | 131 | |
Net deferred loan origination | |||
Net deferred loan origination fees and costs | (7) | (7) | |
Individually evaluated for impairment | 0 | 1,642 | |
Collectively evaluated for impairment | 25,107 | 26,764 | |
Recorded investment in loans | 25,107 | 28,406 | |
Commercial Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Net deferred loan origination | |||
Recorded investment in loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Recorded Investment in Loans: | |||
Principal loan balance | 75,521 | 78,314 | |
Accrued interest receivable | 168 | 186 | |
Net deferred loan origination | |||
Net deferred loan origination fees and costs | (37) | (20) | |
Individually evaluated for impairment | 1,800 | 1,819 | |
Collectively evaluated for impairment | 73,852 | 76,661 | |
Recorded investment in loans | 75,652 | 78,480 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Net deferred loan origination | |||
Recorded investment in loans | 0 | 0 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | |||
Recorded Investment in Loans: | |||
Principal loan balance | 37,844 | 37,513 | |
Accrued interest receivable | 124 | 131 | |
Net deferred loan origination | |||
Net deferred loan origination fees and costs | 525 | 481 | |
Individually evaluated for impairment | 143 | 151 | |
Collectively evaluated for impairment | 38,350 | 37,974 | |
Recorded investment in loans | 38,493 | 38,125 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Net deferred loan origination | |||
Recorded investment in loans | 0 | 0 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | |||
Recorded Investment in Loans: | |||
Principal loan balance | 37,566 | 34,683 | |
Accrued interest receivable | 146 | 152 | |
Net deferred loan origination | |||
Net deferred loan origination fees and costs | 0 | 0 | |
Individually evaluated for impairment | 0 | 0 | |
Collectively evaluated for impairment | 37,712 | 34,835 | |
Recorded investment in loans | 37,712 | 34,835 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||
Net deferred loan origination | |||
Recorded investment in loans | $ 0 | $ 0 |
Note 4 - Loans and Allowance 67
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance for Loan Losses - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Ending allowance balance attributable to loans: | ||||||||||||||||
Individually evaluated for impairment | $ 93 | $ 1,351 | $ 1,529 | |||||||||||||
Collectively evaluated for impairment | 3,507 | 3,495 | 3,393 | |||||||||||||
Allowance for credit losses | $ 3,600 | $ 4,846 | $ 5,066 | $ 5,011 | $ 5,011 | $ 4,922 | $ 4,736 | $ 3,600 | $ 5,066 | $ 4,846 | $ 4,922 | 3,600 | 4,846 | 4,922 | ||
Ending balance | 3,600 | 4,846 | 5,066 | 5,011 | 4,922 | 3,600 | 5,066 | 4,846 | 4,922 | |||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 3,634 | 5,066 | 5,011 | 4,922 | 4,736 | 4,846 | 4,922 | 4,922 | 4,736 | |||||||
Provisions for loan losses | 50 | 0 | 75 | 90 | 25 | 150 | $ 100 | $ 225 | 250 | 50 | 115 | 190 | 725 | |||
Charge-offs | (125) | (93) | (1,382) | (226) | (620) | (892) | ||||||||||
Recoveries | 41 | 58 | 86 | 255 | 354 | 353 | ||||||||||
Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||
Ending balance | 0 | 0 | 0 | 0 | ||||||||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 0 | |||||||||||||||
Home Equity And Second Mortgage [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Individually evaluated for impairment | 0 | 13 | ||||||||||||||
Collectively evaluated for impairment | 720 | 864 | ||||||||||||||
Allowance for credit losses | 720 | 877 | 877 | 919 | 720 | 877 | 877 | 877 | 720 | 877 | ||||||
Ending balance | 720 | 877 | 720 | 877 | ||||||||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 877 | $ 919 | 720 | 877 | 877 | 919 | ||||||||||
Provisions for loan losses | (195) | 4 | ||||||||||||||
Charge-offs | (154) | (90) | ||||||||||||||
Recoveries | 192 | 44 | ||||||||||||||
Real Estate Portfolio Segment [Member] | Residential Loan [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Individually evaluated for impairment | 75 | 47 | ||||||||||||||
Collectively evaluated for impairment | 559 | 562 | ||||||||||||||
Allowance for credit losses | 634 | 609 | 843 | 838 | 838 | 811 | 634 | 843 | 609 | 811 | 634 | 609 | 811 | |||
Ending balance | 634 | 609 | 843 | 838 | 811 | 634 | 843 | 609 | 811 | |||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 672 | 843 | 838 | 811 | 609 | 811 | 811 | |||||||||
Provisions for loan losses | (39) | 24 | 42 | 113 | ||||||||||||
Charge-offs | 0 | (21) | (20) | (84) | ||||||||||||
Recoveries | 1 | 2 | 3 | 3 | ||||||||||||
Real Estate Portfolio Segment [Member] | Residential Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||
Ending balance | 0 | 0 | 0 | 0 | ||||||||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 0 | |||||||||||||||
Real Estate Portfolio Segment [Member] | Land Loan [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Individually evaluated for impairment | 0 | 0 | ||||||||||||||
Collectively evaluated for impairment | 173 | 201 | ||||||||||||||
Allowance for credit losses | 173 | 201 | 153 | 144 | 144 | 152 | 173 | 153 | 201 | 152 | 173 | 201 | 152 | |||
Ending balance | 173 | 201 | 153 | 144 | 152 | 173 | 153 | 201 | 152 | |||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 197 | 153 | 144 | 152 | 201 | 152 | 152 | |||||||||
Provisions for loan losses | (24) | 9 | (28) | 1 | ||||||||||||
Charge-offs | 0 | 0 | 0 | 0 | ||||||||||||
Recoveries | 0 | 0 | 0 | 0 | ||||||||||||
Real Estate Portfolio Segment [Member] | Land Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||
Ending balance | 0 | 0 | 0 | 0 | ||||||||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 0 | |||||||||||||||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Individually evaluated for impairment | 0 | 0 | ||||||||||||||
Collectively evaluated for impairment | 51 | 60 | ||||||||||||||
Allowance for credit losses | 51 | 60 | 78 | 70 | 70 | 63 | 51 | 78 | 60 | 63 | 51 | 60 | 63 | |||
Ending balance | 51 | 60 | 78 | 70 | 63 | 51 | 78 | 60 | 63 | |||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 65 | 78 | 70 | 63 | 60 | 63 | 63 | |||||||||
Provisions for loan losses | (14) | 8 | (9) | 15 | ||||||||||||
Charge-offs | 0 | 0 | 0 | 0 | ||||||||||||
Recoveries | 0 | 0 | 0 | 0 | ||||||||||||
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||
Ending balance | 0 | 0 | 0 | 0 | ||||||||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 0 | |||||||||||||||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Individually evaluated for impairment | 8 | 11 | ||||||||||||||
Collectively evaluated for impairment | 1,661 | 1,490 | ||||||||||||||
Allowance for credit losses | 1,669 | 1,501 | 1,280 | 1,276 | 1,276 | 1,284 | 1,669 | 1,280 | 1,501 | 1,284 | 1,669 | 1,501 | 1,284 | |||
Ending balance | 1,669 | 1,501 | 1,280 | 1,276 | 1,284 | 1,669 | 1,280 | 1,501 | 1,284 | |||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 1,462 | 1,280 | 1,276 | 1,284 | 1,501 | 1,284 | 1,284 | |||||||||
Provisions for loan losses | 204 | 4 | 156 | (4) | ||||||||||||
Charge-offs | 0 | 0 | 0 | 0 | ||||||||||||
Recoveries | 3 | 0 | 12 | 0 | ||||||||||||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||
Ending balance | 0 | 0 | 0 | 0 | ||||||||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 0 | |||||||||||||||
Commercial Portfolio Segment [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Individually evaluated for impairment | 0 | 1,293 | ||||||||||||||
Collectively evaluated for impairment | 161 | 187 | ||||||||||||||
Allowance for credit losses | 161 | 1,480 | 1,444 | 1,450 | 1,450 | 1,446 | 161 | 1,444 | 1,480 | 1,446 | 161 | 1,480 | 1,446 | |||
Ending balance | 161 | 1,480 | 1,444 | 1,450 | 1,446 | 161 | 1,444 | 1,480 | 1,446 | |||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 239 | 1,444 | 1,450 | 1,446 | 1,480 | 1,446 | 1,446 | |||||||||
Provisions for loan losses | (58) | (10) | (117) | (7) | ||||||||||||
Charge-offs | (22) | 0 | (1,205) | 0 | ||||||||||||
Recoveries | 2 | 4 | 3 | 5 | ||||||||||||
Commercial Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||
Ending balance | 0 | 0 | 0 | 0 | ||||||||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 0 | |||||||||||||||
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Individually evaluated for impairment | 10 | 0 | ||||||||||||||
Collectively evaluated for impairment | 638 | 720 | ||||||||||||||
Allowance for credit losses | 648 | 720 | 932 | 902 | 902 | 877 | 648 | 932 | 720 | 877 | 648 | 720 | 877 | |||
Ending balance | 648 | 720 | 932 | 902 | 877 | 648 | 932 | 720 | 877 | |||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 716 | 932 | 902 | 877 | 720 | 877 | 877 | |||||||||
Provisions for loan losses | (38) | 41 | (45) | (70) | ||||||||||||
Charge-offs | (31) | (36) | (33) | (54) | ||||||||||||
Recoveries | 1 | 25 | 6 | 179 | ||||||||||||
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||
Ending balance | 0 | 0 | 0 | 0 | ||||||||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 0 | |||||||||||||||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Individually evaluated for impairment | 0 | 0 | ||||||||||||||
Collectively evaluated for impairment | 264 | 275 | ||||||||||||||
Allowance for credit losses | 264 | 275 | 336 | 331 | 331 | 289 | 264 | 336 | 275 | 289 | 264 | 275 | $ 289 | |||
Ending balance | 264 | 275 | 336 | 331 | $ 289 | 264 | 336 | 275 | $ 289 | |||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | 283 | $ 336 | 331 | $ 289 | 275 | 289 | 289 | |||||||||
Provisions for loan losses | 19 | 14 | 51 | 67 | ||||||||||||
Charge-offs | (72) | (36) | (124) | (88) | ||||||||||||
Recoveries | 34 | $ 27 | 62 | $ 68 | ||||||||||||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||||||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance for credit losses | 0 | 0 | 0 | 0 | $ 0 | $ 0 | ||||||||||
Ending balance | $ 0 | $ 0 | 0 | $ 0 | ||||||||||||
Allowance for loan losses: | ||||||||||||||||
Beginning balance | $ 0 |
Note 4 - Loans and Allowance 68
Note 4 - Loans and Allowance for Loan Losses (Details) - Impaired Loans - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Loans with no related allowance recorded: | ||||||
Recorded investment - with no allowance | $ 2,967 | $ 2,967 | $ 3,005 | $ 3,791 | ||
Unpaid principal balance - with no allowance | 3,348 | 3,348 | 3,359 | 4,120 | ||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment - with no allowance | 3,106 | $ 3,382 | 3,072 | $ 3,518 | 3,327 | 3,417 |
Interest income recognized - with no allowance | 24 | 25 | 49 | 53 | 98 | 104 |
Loans with an allowance recorded: | ||||||
Recorded investment - with allowance | 415 | 415 | 2,034 | 3,129 | ||
Unpaid principal balance - with allowance | 479 | 479 | 2,376 | 3,466 | ||
Related allowance | 93 | 93 | 1,351 | 1,529 | ||
Average recorded investment - with allowance | 391 | 3,304 | 938 | 3,245 | 2,768 | 3,581 |
Interest income recognized - with allowance | 0 | 0 | 0 | 0 | 0 | 2 |
Total: | ||||||
Recorded investment | 3,382 | 3,382 | 5,039 | 6,920 | ||
Unpaid principal balance | 3,827 | 3,827 | 5,735 | 7,586 | ||
Related allowance | 93 | 93 | 1,351 | 1,529 | ||
Average recorded investment | 3,497 | 6,686 | 4,010 | 6,763 | 6,095 | 6,998 |
Interest income recognized | 24 | 25 | 49 | 53 | 98 | 106 |
Home Equity And Second Mortgage [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Recorded investment - with no allowance | 71 | 254 | ||||
Unpaid principal balance - with no allowance | 87 | 268 | ||||
Average recorded investment - with no allowance | 147 | 164 | ||||
Interest income recognized - with no allowance | 2 | 5 | ||||
Loans with an allowance recorded: | ||||||
Recorded investment - with allowance | 80 | 22 | ||||
Unpaid principal balance - with allowance | 98 | 22 | ||||
Related allowance | 0 | 13 | ||||
Average recorded investment - with allowance | 46 | 47 | ||||
Interest income recognized - with allowance | 0 | 0 | ||||
Total: | ||||||
Recorded investment | 151 | 276 | ||||
Unpaid principal balance | 185 | 290 | ||||
Related allowance | 0 | 13 | ||||
Average recorded investment | 193 | 211 | ||||
Interest income recognized | 2 | 5 | ||||
Other Consumer Loan [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Recorded investment - with no allowance | 0 | 0 | ||||
Unpaid principal balance - with no allowance | 0 | 0 | ||||
Average recorded investment - with no allowance | 0 | 0 | ||||
Interest income recognized - with no allowance | 0 | 0 | ||||
Loans with an allowance recorded: | ||||||
Recorded investment - with allowance | 0 | 0 | ||||
Unpaid principal balance - with allowance | 0 | 0 | ||||
Related allowance | 0 | 0 | ||||
Average recorded investment - with allowance | 0 | 0 | ||||
Interest income recognized - with allowance | 0 | 0 | ||||
Total: | ||||||
Recorded investment | 0 | 0 | ||||
Unpaid principal balance | 0 | 0 | ||||
Related allowance | 0 | 0 | ||||
Average recorded investment | 0 | 0 | ||||
Interest income recognized | 0 | $ 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Recorded investment - with no allowance | 1,122 | 1,122 | 1,141 | |||
Unpaid principal balance - with no allowance | 1,444 | 1,444 | 1,446 | |||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment - with no allowance | 1,235 | 1,345 | 1,204 | 1,427 | ||
Interest income recognized - with no allowance | 5 | 8 | 10 | 18 | ||
Loans with an allowance recorded: | ||||||
Recorded investment - with allowance | 297 | 297 | 270 | |||
Unpaid principal balance - with allowance | 335 | 335 | 304 | |||
Related allowance | 75 | 75 | 47 | |||
Average recorded investment - with allowance | 254 | 436 | 259 | 440 | ||
Interest income recognized - with allowance | 0 | 0 | 0 | 0 | ||
Total: | ||||||
Recorded investment | 1,419 | 1,419 | 1,411 | |||
Unpaid principal balance | 1,779 | 1,779 | 1,750 | |||
Related allowance | 75 | 75 | 47 | |||
Average recorded investment | 1,489 | 1,781 | 1,463 | 1,867 | ||
Interest income recognized | 5 | 8 | 10 | 18 | ||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Recorded investment - with no allowance | 20 | 20 | 16 | |||
Unpaid principal balance - with no allowance | 22 | 22 | 18 | |||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment - with no allowance | 20 | 119 | 18 | 119 | ||
Interest income recognized - with no allowance | 0 | 0 | 0 | 0 | ||
Loans with an allowance recorded: | ||||||
Recorded investment - with allowance | 0 | 0 | 0 | |||
Unpaid principal balance - with allowance | 0 | 0 | 0 | |||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment - with allowance | 0 | 3 | 0 | 2 | ||
Interest income recognized - with allowance | 0 | 0 | 0 | 0 | ||
Total: | ||||||
Recorded investment | 20 | 20 | 16 | |||
Unpaid principal balance | 22 | 22 | 18 | |||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment | 20 | 122 | 18 | 121 | ||
Interest income recognized | 0 | 0 | 0 | 0 | ||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Recorded investment - with no allowance | 0 | 0 | 0 | |||
Unpaid principal balance - with no allowance | 0 | 0 | 0 | |||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment - with no allowance | 0 | 130 | 0 | 87 | ||
Interest income recognized - with no allowance | 0 | 0 | 0 | 0 | ||
Loans with an allowance recorded: | ||||||
Recorded investment - with allowance | 0 | 0 | 0 | |||
Unpaid principal balance - with allowance | 0 | 0 | 0 | |||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment - with allowance | 0 | 0 | 0 | 0 | ||
Interest income recognized - with allowance | 0 | 0 | 0 | 0 | ||
Total: | ||||||
Recorded investment | 0 | 0 | 0 | |||
Unpaid principal balance | 0 | 0 | 0 | |||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment | 0 | 130 | 0 | 87 | ||
Interest income recognized | 0 | 0 | 0 | 0 | ||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Recorded investment - with no allowance | 1,762 | 1,762 | 1,777 | |||
Unpaid principal balance - with no allowance | 1,801 | 1,801 | 1,808 | |||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment - with no allowance | 1,773 | 1,525 | 1,774 | 1,562 | ||
Interest income recognized - with no allowance | 19 | 17 | 38 | 34 | ||
Loans with an allowance recorded: | ||||||
Recorded investment - with allowance | 38 | 38 | 42 | |||
Unpaid principal balance - with allowance | 63 | 63 | 65 | |||
Related allowance | 8 | 8 | 11 | |||
Average recorded investment - with allowance | 39 | 1,123 | 40 | 1,065 | ||
Interest income recognized - with allowance | 0 | 0 | 0 | 0 | ||
Total: | ||||||
Recorded investment | 1,800 | 1,800 | 1,819 | |||
Unpaid principal balance | 1,864 | 1,864 | 1,873 | |||
Related allowance | 8 | 8 | 11 | |||
Average recorded investment | 1,812 | 2,648 | 1,814 | 2,627 | ||
Interest income recognized | 19 | 17 | 38 | 34 | ||
Commercial Portfolio Segment [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Recorded investment - with no allowance | 0 | 0 | 0 | |||
Unpaid principal balance - with no allowance | 0 | 0 | 0 | |||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment - with no allowance | 13 | 94 | 9 | 126 | ||
Interest income recognized - with no allowance | 0 | 0 | 0 | 0 | ||
Loans with an allowance recorded: | ||||||
Recorded investment - with allowance | 0 | 0 | 1,642 | |||
Unpaid principal balance - with allowance | 0 | 0 | 1,909 | |||
Related allowance | 0 | 0 | 1,293 | |||
Average recorded investment - with allowance | 18 | 1,726 | 559 | 1,720 | ||
Interest income recognized - with allowance | 0 | 0 | 0 | 0 | ||
Total: | ||||||
Recorded investment | 0 | 0 | 1,642 | |||
Unpaid principal balance | 0 | 0 | 1,909 | |||
Related allowance | 0 | 0 | 1,293 | |||
Average recorded investment | 31 | 1,820 | 568 | 1,846 | ||
Interest income recognized | 0 | 0 | 0 | 0 | ||
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Recorded investment - with no allowance | 63 | 63 | 71 | |||
Unpaid principal balance - with no allowance | 81 | 81 | 87 | |||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment - with no allowance | 65 | 169 | 67 | 197 | ||
Interest income recognized - with no allowance | 0 | 0 | 1 | 1 | ||
Loans with an allowance recorded: | ||||||
Recorded investment - with allowance | 80 | 80 | 80 | |||
Unpaid principal balance - with allowance | 81 | 81 | 98 | |||
Related allowance | 10 | 10 | 0 | |||
Average recorded investment - with allowance | 80 | 16 | 80 | 18 | ||
Interest income recognized - with allowance | 0 | 0 | 0 | 0 | ||
Total: | ||||||
Recorded investment | 143 | 143 | 151 | |||
Unpaid principal balance | 162 | 162 | 185 | |||
Related allowance | 10 | 10 | 0 | |||
Average recorded investment | 145 | 185 | 147 | 215 | ||
Interest income recognized | 0 | 0 | 1 | 1 | ||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Recorded investment - with no allowance | 0 | 0 | 0 | |||
Unpaid principal balance - with no allowance | 0 | 0 | 0 | |||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment - with no allowance | 0 | 0 | 0 | 0 | ||
Interest income recognized - with no allowance | 0 | 0 | 0 | 0 | ||
Loans with an allowance recorded: | ||||||
Recorded investment - with allowance | 0 | 0 | 0 | |||
Unpaid principal balance - with allowance | 0 | 0 | 0 | |||
Related allowance | 0 | 0 | 0 | |||
Average recorded investment - with allowance | 0 | 0 | 0 | 0 | ||
Interest income recognized - with allowance | 0 | 0 | 0 | 0 | ||
Total: | ||||||
Recorded investment | 0 | 0 | 0 | |||
Unpaid principal balance | 0 | 0 | 0 | |||
Related allowance | 0 | 0 | $ 0 | |||
Average recorded investment | 0 | 0 | 0 | 0 | ||
Interest income recognized | $ 0 | $ 0 | $ 0 | $ 0 |
Note 4 - Loans and Allowance 69
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total nonperforming loans | $ 4,422 | $ 4,871 | $ 6,848 |
Home Equity And Second Mortgage [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total nonperforming loans | 273 | $ 567 | |
Nonperforming Financial Instruments [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual loans | 1,645 | 3,139 | |
Loans 90+ days past due still accruing | 54 | 85 | |
Total nonperforming loans | 1,699 | 3,224 | |
Nonperforming Financial Instruments [Member] | Construction Loans [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual loans | 0 | 0 | |
Loans 90+ days past due still accruing | 0 | 0 | |
Total nonperforming loans | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Residential Loan [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total nonperforming loans | 3,662 | 3,929 | |
Real Estate Portfolio Segment [Member] | Land Loan [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total nonperforming loans | 28 | 148 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total nonperforming loans | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total nonperforming loans | 269 | 229 | |
Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Residential Loan [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual loans | 1,069 | 919 | |
Loans 90+ days past due still accruing | 14 | 68 | |
Total nonperforming loans | 1,083 | 987 | |
Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Land Loan [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual loans | 20 | 16 | |
Loans 90+ days past due still accruing | 0 | 0 | |
Total nonperforming loans | 20 | 16 | |
Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Loan [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual loans | 434 | 433 | |
Loans 90+ days past due still accruing | 21 | 0 | |
Total nonperforming loans | 455 | 433 | |
Commercial Portfolio Segment [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total nonperforming loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual loans | 0 | 1,642 | |
Loans 90+ days past due still accruing | 0 | 0 | |
Total nonperforming loans | 0 | 1,642 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total nonperforming loans | 219 | 273 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total nonperforming loans | 244 | 292 | |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Home Equity And Second Mortgage [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual loans | 122 | 129 | |
Loans 90+ days past due still accruing | 0 | 14 | |
Total nonperforming loans | 122 | 143 | |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Other Consumer Loan [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual loans | 0 | 0 | |
Loans 90+ days past due still accruing | 19 | 3 | |
Total nonperforming loans | $ 19 | $ 3 |
Note 4 - Loans and Allowance 70
Note 4 - Loans and Allowance for Loan Losses (Details) - Aging of Recorded Investment in Loans - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | $ 4,422 | $ 4,871 | $ 6,848 |
Current | 299,010 | 301,614 | 287,630 |
Total loans | 303,432 | 306,485 | 294,478 |
Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 2,880 | 3,564 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 836 | 857 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 706 | 450 | |
Home Equity And Second Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 273 | 567 | |
Current | 37,852 | 34,702 | |
Total loans | 38,125 | $ 35,269 | |
Real Estate Portfolio Segment [Member] | Residential Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 3,662 | 3,929 | |
Current | 103,876 | 103,167 | |
Total loans | 107,538 | 107,096 | |
Real Estate Portfolio Segment [Member] | Residential Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 2,556 | 3,070 | |
Real Estate Portfolio Segment [Member] | Residential Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 519 | 551 | |
Real Estate Portfolio Segment [Member] | Residential Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 587 | 308 | |
Real Estate Portfolio Segment [Member] | Land Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 28 | 148 | |
Current | 10,540 | 10,932 | |
Total loans | 10,568 | 11,080 | |
Real Estate Portfolio Segment [Member] | Land Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 0 | 24 | |
Real Estate Portfolio Segment [Member] | Land Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 8 | 124 | |
Real Estate Portfolio Segment [Member] | Land Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 20 | 0 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 0 | 0 | |
Current | 8,362 | 8,463 | |
Total loans | 8,362 | 8,463 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 269 | 229 | |
Current | 75,383 | 78,251 | |
Total loans | 75,652 | 78,480 | |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 0 | 54 | |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 192 | 133 | |
Real Estate Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 77 | 42 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 0 | 0 | |
Current | 25,107 | 28,406 | |
Total loans | 25,107 | 28,406 | |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total loans | 75,652 | 78,480 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 219 | 273 | |
Current | 38,274 | 37,852 | |
Total loans | 38,493 | 38,125 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 124 | 153 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 92 | 23 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 3 | 97 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 244 | 292 | |
Current | 37,468 | 34,543 | |
Total loans | 37,712 | 34,835 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 200 | 263 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | 25 | 26 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Past due | $ 19 | $ 3 |
Note 4 - Loans and Allowance 71
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans by Risk Category - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | $ 303,432 | $ 306,485 | $ 294,478 |
Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 294,493 | 292,442 | 279,249 |
Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 2,413 | 3,937 | 4,066 |
Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 4,881 | 6,967 | 5,904 |
Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 1,645 | 3,139 | 5,259 |
Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | 0 |
Home Equity And Second Mortgage [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 38,125 | 35,269 | |
Home Equity And Second Mortgage [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 37,860 | 34,693 | |
Home Equity And Second Mortgage [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 2 | 198 | |
Home Equity And Second Mortgage [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 134 | 126 | |
Home Equity And Second Mortgage [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 129 | 252 | |
Home Equity And Second Mortgage [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | $ 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 107,538 | 107,096 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 105,401 | 104,780 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 100 | 105 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 968 | 1,292 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 1,069 | 919 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 10,568 | 11,080 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 7,661 | 7,969 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 92 | 94 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 2,795 | 3,001 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 20 | 16 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 8,362 | 8,463 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 8,362 | 7,722 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 741 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 75,652 | 78,480 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 72,937 | 73,204 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 1,649 | 2,648 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 632 | 2,195 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 434 | 433 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 25,107 | 28,406 | |
Commercial Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 24,264 | 26,137 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 514 | 298 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 329 | 329 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 1,642 | |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 75,652 | 78,480 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 38,493 | 38,125 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 38,229 | 37,860 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 1 | 2 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 141 | 134 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 122 | 129 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 37,712 | 34,835 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 37,639 | 34,770 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 57 | 49 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 16 | 16 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | $ 0 | $ 0 |
Note 4 - Loans and Allowance 72
Note 4 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructuring by Accrual Status - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Troubled debt restructurings: | ||
TDR financing receivable | $ 2,378 | $ 4,046 |
Accruing [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 1,737 | |
Nonaccrual [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 641 | |
Performing Financial Instruments [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 1,900 | |
Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 2,146 | |
Troubled Debt Restructuring [Member] | ||
Troubled debt restructurings: | ||
Related allowance for loan losses | 3 | 1,298 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 659 | 658 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 1,698 | 1,724 |
Real Estate Mortgage Portfolio Segment [Member] | Accruing [Member] | Residential Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 349 | |
Real Estate Mortgage Portfolio Segment [Member] | Accruing [Member] | Commercial Real Estate Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 1,367 | |
Real Estate Mortgage Portfolio Segment [Member] | Nonaccrual [Member] | Residential Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 310 | |
Real Estate Mortgage Portfolio Segment [Member] | Nonaccrual [Member] | Commercial Real Estate Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 331 | |
Real Estate Mortgage Portfolio Segment [Member] | Performing Financial Instruments [Member] | Residential Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 492 | |
Real Estate Mortgage Portfolio Segment [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 1,386 | |
Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Residential Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 166 | |
Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 338 | |
Real Estate Mortgage Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | Residential Loan [Member] | ||
Troubled debt restructurings: | ||
Related allowance for loan losses | 3 | 6 |
Real Estate Mortgage Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | Commercial Real Estate Loan [Member] | ||
Troubled debt restructurings: | ||
Related allowance for loan losses | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 0 | 1,642 |
Commercial Portfolio Segment [Member] | Accruing [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 0 | |
Commercial Portfolio Segment [Member] | Nonaccrual [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 0 | |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 0 | |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 1,642 | |
Commercial Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | ||
Troubled debt restructurings: | ||
Related allowance for loan losses | 0 | 1,292 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 21 | 22 |
Consumer Portfolio Segment [Member] | Accruing [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 21 | |
Consumer Portfolio Segment [Member] | Nonaccrual [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 0 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 22 | |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 0 | |
Consumer Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
Related allowance for loan losses | $ 0 | $ 0 |
Note 4 - Loans and Allowance 73
Note 4 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings During the Period $ in Thousands | 3 Months Ended | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2015 | Jun. 30, 2014USD ($) | |
Troubled debt restructurings: | |||
Number of contracts | 0 | 0 | 3 |
Pre-modification outstanding balance | $ 542 | ||
Post-modification outstanding balance | $ 542 | ||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Troubled debt restructurings: | |||
Number of contracts | 3 | ||
Pre-modification outstanding balance | $ 542 | ||
Post-modification outstanding balance | $ 542 |
Note 5 - Supplemental Disclos74
Note 5 - Supplemental Disclosure for Earnings Per Share (Details) - Supplemental Disclosure for Earnings Per Share - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Earnings: | |||||||||||||
Net income attributable to First Capital, Inc. (in Dollars) | $ 1,228 | $ 1,255 | $ 1,524 | $ 1,518 | $ 1,297 | $ 1,244 | $ 1,426 | $ 1,210 | $ 1,194 | $ 2,694 | $ 2,815 | $ 5,594 | $ 5,074 |
Shares: | |||||||||||||
Weighted average common shares outstanding | 2,740,689 | 2,757,335 | 2,740,596 | 2,770,637 | |||||||||
Net income attributable to First Capital, Inc. per common share, basic (in Dollars per share) | $ 0.45 | $ 0.45 | $ 0.56 | $ 0.55 | $ 0.47 | $ 0.45 | $ 0.51 | $ 0.43 | $ 0.43 | $ 0.98 | $ 1.02 | $ 2.03 | $ 1.82 |
Shares: | |||||||||||||
Add: Dilutive effect of restricted stock | 506 | 0 | 156 | 0 | |||||||||
Weighted average common shares outstanding, as adjusted | 2,741,195 | 2,757,335 | 2,740,752 | 2,770,637 | |||||||||
Net income attributable to First Capital, Inc. per common share, diluted (in Dollars per share) | $ 0.45 | $ 0.55 | $ 0.98 | $ 1.02 | $ 2.03 | $ 1.82 |
Note 6 - Stock Option Plan (Det
Note 6 - Stock Option Plan (Details) - USD ($) | Feb. 17, 2015 | May. 20, 2009 | Jun. 30, 2015 | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2014 |
Restricted Stock [Member] | ||||||
Note 6 - Stock Option Plan (Details) [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 19,500 | |||||
Allocated Share-based Compensation Expense (in Dollars) | $ 21,000 | $ 38,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 500 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value (in Dollars) | $ 13,000 | |||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options (in Dollars) | $ 415,000 | $ 415,000 | ||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 5 years | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | $ 24.50 | |||||
Restricted Stock [Member] | Directors, Officers and Key Employees [Member] | ||||||
Note 6 - Stock Option Plan (Details) [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 19,500 | |||||
Share Price (in Dollars per share) | $ 24.50 | |||||
Stock Issued During Period, Value, Restricted Stock Award, Gross (in Dollars) | $ 478,000 | |||||
Restricted Stock [Member] | Directors, Officers and Key Employees [Member] | Subsequent Event [Member] | ||||||
Note 6 - Stock Option Plan (Details) [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 19,500 | |||||
Stock Issued During Period, Value, Restricted Stock Award, Gross (in Dollars) | $ 478,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share) | $ 24.50 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | |||||
2009 Equity Incentive Plan [Member] | ||||||
Note 6 - Stock Option Plan (Details) [Line Items] | ||||||
Maximum Fair Value of First Exercisable Stock Incentive Options | 100,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 0 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 0 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 223,000 | 223,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | |||||
2009 Equity Incentive Plan [Member] | Common Stock [Member] | ||||||
Note 6 - Stock Option Plan (Details) [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 223,000 | |||||
Vesting Each Year on July 1 Beginning July 1, 2016 [Member] | Restricted Stock [Member] | Directors, Officers and Key Employees [Member] | ||||||
Note 6 - Stock Option Plan (Details) [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | |||||
Maximum [Member] | Employee Stock Option [Member] | ||||||
Note 6 - Stock Option Plan (Details) [Line Items] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Grant Date Fair Value of Awards (in Dollars) | $ 100,000 |
Note 6 - Stock Option Plan (D76
Note 6 - Stock Option Plan (Details) - Nonvested Restricted Shares Activity - Restricted Stock [Member] | 6 Months Ended |
Jun. 30, 2015$ / sharesshares | |
Note 6 - Stock Option Plan (Details) - Nonvested Restricted Shares Activity [Line Items] | |
Granted | shares | 19,500 |
Granted | $ 24.50 |
Vested | shares | 500 |
Vested | $ 24.50 |
Forfeited | shares | 1,000 |
Forfeited | $ 24.50 |
Number of shares | shares | 18,000 |
Weighted average grant date fair value | $ 24.50 |
Note 7 - Supplemental Disclos77
Note 7 - Supplemental Disclosures of Cash Flow Information (Details) - Supplemental Disclosures of Cash Flow Information - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Cash payments for: | ||||
Interest | $ 516 | $ 632 | $ 1,209 | $ 1,751 |
Taxes | 1,035 | 1,042 | 2,464 | 2,357 |
Noncash investing activities: | ||||
Transfers from loans to real estate acquired through foreclosure | $ 562 | $ 75 | $ 262 | $ 1,149 |
Note 8 - Fair Value Measureme78
Note 8 - Fair Value Measurements (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||||||||||
Financial and Nonfinancial Liabilities, Fair Value Disclosure (in Dollars) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |||||||
Provision for Loan and Lease Losses (in Dollars) | 50,000 | $ 0 | $ 75,000 | $ 90,000 | $ 25,000 | $ 150,000 | $ 100,000 | $ 225,000 | $ 250,000 | 50,000 | $ 115,000 | 190,000 | 725,000 |
SEC Schedule III, Real Estate, Write-down or Reserve, Amount (in Dollars) | 0 | 0 | 0 | 0 | 0 | ||||||||
Impaired Loan [Member] | |||||||||||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||||||||||
Provision for Loan and Lease Losses (in Dollars) | $ 47,000 | $ 8,000 | $ 82,000 | $ 21,000 | $ 49,000 | 150,000 | |||||||
Foreclosed Real Estate [Member] | |||||||||||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||||||||||
SEC Schedule III, Real Estate, Write-down or Reserve, Amount (in Dollars) | $ 20,000 | ||||||||||||
Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Impaired Loan [Member] | |||||||||||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||||||||||
Fair Value Inputs Estimated Selling Costs | 10.00% | 10.00% | |||||||||||
Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Foreclosed Real Estate [Member] | |||||||||||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||||||||||
Fair Value Inputs Estimated Selling Costs | 10.00% | ||||||||||||
Fair Value Inputs, Discount Rate | 20.00% | 10.00% | 10.00% | ||||||||||
Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Impaired Loan [Member] | |||||||||||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||||||||||
Fair Value Inputs Estimated Selling Costs | 20.00% | 48.00% | |||||||||||
Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Foreclosed Real Estate [Member] | |||||||||||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||||||||||
Fair Value Inputs Estimated Selling Costs | 60.00% | ||||||||||||
Fair Value Inputs, Discount Rate | 60.00% | 60.00% | 38.00% | ||||||||||
Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member] | Foreclosed Real Estate [Member] | |||||||||||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||||||||||
Fair Value Inputs Estimated Selling Costs | 40.00% | ||||||||||||
Fair Value Inputs, Discount Rate | 30.00% | 40.00% | 20.00% |
Note 8 - Fair Value Measureme79
Note 8 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Recurring and Nonrecurring Basis - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Securities available for sale: | |||
Available for sale securities | $ 98,361 | $ 100,226 | $ 108,762 |
Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 98,361 | 100,226 | 108,762 |
Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 3,289 | 3,688 | 5,391 |
Loans held for sale, fair value | 1,673 | 1,608 | 1,611 |
Foreclosed real estate: | |||
Residential real estate acquired through foreclosure, fair value | 567 | 78 | |
Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Loan [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 1,344 | 1,364 | |
Foreclosed real estate: | |||
Residential real estate acquired through foreclosure, fair value | 87 | 78 | |
Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Segment [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 16 | ||
Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction Loans [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | |
Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Segment [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 1,792 | 1,808 | |
Foreclosed real estate: | |||
Residential real estate acquired through foreclosure, fair value | 480 | ||
Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Segment [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 20 | ||
Commercial Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 349 | |
Commercial Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Home Equity And Second Mortgage [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 133 | 151 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Securities available for sale: | |||
Available for sale securities | 34,338 | 32,296 | 18,369 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 34,338 | 32,296 | 18,369 |
Agency Collateralized Mortgage Obligations [Member] | |||
Securities available for sale: | |||
Available for sale securities | 11,462 | 14,385 | 20,241 |
Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 11,462 | 14,385 | 20,241 |
US Government Agencies Short-term Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 18,533 | 18,120 | |
Municipal Notes [Member] | |||
Securities available for sale: | |||
Available for sale securities | 32,551 | 33,342 | 36,040 |
Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 32,551 | 33,342 | 36,040 |
Mutual Funds [Member] | |||
Securities available for sale: | |||
Available for sale securities | 1,477 | 2,083 | 3,198 |
Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 1,477 | 2,083 | 3,198 |
Fair Value, Inputs, Level 1 [Member] | |||
Securities available for sale: | |||
Available for sale securities | 1,477 | 2,083 | 3,198 |
Impaired loans: | |||
Loans held for sale, fair value | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 1,477 | 2,083 | 3,198 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | 0 |
Loans held for sale, fair value | 0 | 0 | 0 |
Foreclosed real estate: | |||
Residential real estate acquired through foreclosure, fair value | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Loan [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | |
Foreclosed real estate: | |||
Residential real estate acquired through foreclosure, fair value | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Segment [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction Loans [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Segment [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | |
Foreclosed real estate: | |||
Residential real estate acquired through foreclosure, fair value | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Segment [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | ||
Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Home Equity And Second Mortgage [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Short-term Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 1,477 | 2,083 | 3,198 |
Fair Value, Inputs, Level 2 [Member] | |||
Securities available for sale: | |||
Available for sale securities | 96,884 | 98,143 | 105,564 |
Impaired loans: | |||
Loans held for sale, fair value | 1,708 | 1,641 | 1,644 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 96,884 | 98,143 | 105,564 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | 0 |
Loans held for sale, fair value | 1,673 | 1,608 | 1,611 |
Foreclosed real estate: | |||
Residential real estate acquired through foreclosure, fair value | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Loan [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | |
Foreclosed real estate: | |||
Residential real estate acquired through foreclosure, fair value | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Segment [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction Loans [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Segment [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | |
Foreclosed real estate: | |||
Residential real estate acquired through foreclosure, fair value | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Segment [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | ||
Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Home Equity And Second Mortgage [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 34,338 | 32,296 | 18,369 |
Fair Value, Inputs, Level 2 [Member] | Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 11,462 | 14,385 | 20,241 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Short-term Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 18,533 | 18,120 | |
Fair Value, Inputs, Level 2 [Member] | Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 32,551 | 33,342 | 36,040 |
Fair Value, Inputs, Level 2 [Member] | Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | |||
Securities available for sale: | |||
Available for sale securities | 0 | 0 | 0 |
Impaired loans: | |||
Loans held for sale, fair value | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 3,289 | 3,688 | 5,391 |
Loans held for sale, fair value | 0 | 0 | 0 |
Foreclosed real estate: | |||
Residential real estate acquired through foreclosure, fair value | 567 | 78 | |
Fair Value, Inputs, Level 3 [Member] | Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Loan [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 1,344 | 1,364 | |
Foreclosed real estate: | |||
Residential real estate acquired through foreclosure, fair value | 87 | 78 | |
Fair Value, Inputs, Level 3 [Member] | Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Segment [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 16 | ||
Fair Value, Inputs, Level 3 [Member] | Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction Loans [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | Real Estate Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Segment [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 1,792 | 1,808 | |
Foreclosed real estate: | |||
Residential real estate acquired through foreclosure, fair value | 480 | ||
Fair Value, Inputs, Level 3 [Member] | Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Segment [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 20 | ||
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 0 | 349 | |
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Home Equity And Second Mortgage [Member] | |||
Impaired loans: | |||
Impaired loans, fair value | 133 | 151 | |
Fair Value, Inputs, Level 3 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Short-term Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Available for sale securities | $ 0 | $ 0 | $ 0 |
Note 8 - Fair Value Measureme80
Note 8 - Fair Value Measurements (Details) - Carrying Value and Estimated Fair Value of Financial Instruments - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Financial assets: | ||||
Interest-bearing time deposits | $ 859,000 | $ 865,000 | $ 467,000 | |
Securities available for sale | 98,361,000 | 100,226,000 | 108,762,000 | |
Securities held to maturity | 5,000 | 6,000 | 9,000 | |
Cost method investment (included in other assets) | $ 711,000 | |||
Reported Value Measurement [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 39,647,000 | 33,243,000 | 11,136,000 | |
Interest-bearing time deposits | 9,515,000 | 8,270,000 | 4,425,000 | |
Securities available for sale | 98,361,000 | 100,226,000 | 108,762,000 | |
Securities held to maturity | 5,000 | 6,000 | 9,000 | |
Loans held for sale | 1,673,000 | 1,608,000 | 1,611,000 | |
Loans, net | 298,865,000 | 300,603,000 | 288,506,000 | |
FHLB stock | 1,550,000 | 2,241,000 | 2,820,000 | |
Accrued interest receivable | 1,538,000 | 1,580,000 | 1,716,000 | |
Cost method investment (included in other assets) | 711,000 | 711,000 | 540,000 | |
Financial liabilities: | ||||
Deposits | 416,247,000 | 412,636,000 | 373,830,000 | |
Accrued interest payable | 94,000 | 127,000 | 192,000 | |
Estimate of Fair Value Measurement [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 39,647,000 | 33,243,000 | 11,136,000 | |
Interest-bearing time deposits | 9,618,000 | 8,370,000 | 4,458,000 | |
Securities available for sale | 98,361,000 | 100,226,000 | 108,762,000 | |
Securities held to maturity | 5,000 | 6,000 | 9,000 | |
Loans held for sale | 1,708,000 | 1,641,000 | 1,644,000 | |
Loans, net | 298,602,000 | 301,864,000 | 287,753,000 | |
FHLB stock | 1,550,000 | 2,241,000 | 2,820,000 | |
Accrued interest receivable | 1,538,000 | 1,580,000 | 1,716,000 | |
Cost method investment (included in other assets) | 711,000 | 711,000 | 540,000 | |
Financial liabilities: | ||||
Deposits | 415,785,000 | 412,282,000 | 373,883,000 | |
Accrued interest payable | 94,000 | 127,000 | 192,000 | |
Fair Value, Inputs, Level 1 [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 39,647,000 | 33,243,000 | 11,136,000 | |
Interest-bearing time deposits | 0 | 0 | 0 | |
Securities available for sale | 1,477,000 | 2,083,000 | 3,198,000 | |
Securities held to maturity | 0 | 0 | 0 | |
Loans held for sale | 0 | 0 | 0 | |
Loans, net | 0 | 0 | 0 | |
FHLB stock | 0 | 0 | 0 | |
Accrued interest receivable | 0 | 0 | 0 | |
Cost method investment (included in other assets) | 0 | 0 | 0 | |
Financial liabilities: | ||||
Deposits | 0 | 0 | 0 | |
Accrued interest payable | 0 | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 0 | 0 | 0 | |
Interest-bearing time deposits | 9,618,000 | 8,370,000 | 4,458,000 | |
Securities available for sale | 96,884,000 | 98,143,000 | 105,564,000 | |
Securities held to maturity | 5,000 | 6,000 | 9,000 | |
Loans held for sale | 1,708,000 | 1,641,000 | 1,644,000 | |
Loans, net | 0 | 0 | 0 | |
FHLB stock | 1,550,000 | 2,241,000 | 2,820,000 | |
Accrued interest receivable | 1,538,000 | 1,580,000 | 1,716,000 | |
Cost method investment (included in other assets) | 711,000 | 711,000 | 540,000 | |
Financial liabilities: | ||||
Deposits | 0 | 0 | 0 | |
Accrued interest payable | 94,000 | 127,000 | 192,000 | |
Fair Value, Inputs, Level 3 [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 0 | 0 | 0 | |
Interest-bearing time deposits | 0 | 0 | 0 | |
Securities available for sale | 0 | 0 | 0 | |
Securities held to maturity | 0 | 0 | 0 | |
Loans held for sale | 0 | 0 | 0 | |
Loans, net | 298,602,000 | 301,864,000 | 287,753,000 | |
FHLB stock | 0 | 0 | 0 | |
Accrued interest receivable | 0 | 0 | 0 | |
Cost method investment (included in other assets) | 0 | 0 | 0 | |
Financial liabilities: | ||||
Deposits | 415,785,000 | 412,282,000 | 373,883,000 | |
Accrued interest payable | $ 0 | $ 0 | $ 0 |
Note 2 - Restriction On Cash 81
Note 2 - Restriction On Cash and Due from Banks (Details) - USD ($) | Dec. 31, 2014 | Dec. 31, 2013 |
Restricted Cash And Cash Equivalents [Abstract] | ||
Restricted Cash and Cash Equivalents | $ 805,000 | $ 731,000 |
Note 3 - Investment Securitie82
Note 3 - Investment Securities (Details) - Investment Securities - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Securities available for sale: | |||
Securities available for sale, Amortized Cost | $ 97,730 | $ 98,993 | |
Securities available for sale, Gross Unrealized Gains | 1,150 | 1,588 | |
Securities available for sale, Gross Unrealized Losses | 519 | 355 | |
Securities available for sale, Fair Value | 98,361 | 100,226 | $ 108,762 |
Securities held to maturity: | |||
Securities available for sale, Amortized Cost | 5 | 6 | 9 |
Securities available for sale, Gross Unrealized Gains | 0 | 0 | 0 |
Securities available for sale, Gross Unrealized Losses | 0 | 0 | 0 |
Securities available for sale, Fair Value | 5 | 6 | 9 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Securities available for sale: | |||
Securities available for sale, Amortized Cost | 34,387 | 32,135 | 18,408 |
Securities available for sale, Gross Unrealized Gains | 154 | 240 | 205 |
Securities available for sale, Gross Unrealized Losses | 203 | 79 | 244 |
Securities available for sale, Fair Value | 34,338 | 32,296 | 18,369 |
Securities held to maturity: | |||
Securities available for sale, Amortized Cost | 5 | 6 | 9 |
Securities available for sale, Gross Unrealized Gains | 0 | 0 | 0 |
Securities available for sale, Gross Unrealized Losses | 0 | 0 | 0 |
Securities available for sale, Fair Value | 5 | 6 | 9 |
Agency Collateralized Mortgage Obligations [Member] | |||
Securities available for sale: | |||
Securities available for sale, Amortized Cost | 11,478 | 14,461 | 20,486 |
Securities available for sale, Gross Unrealized Gains | 65 | 74 | 96 |
Securities available for sale, Gross Unrealized Losses | 81 | 150 | 341 |
Securities available for sale, Fair Value | 11,462 | 14,385 | 20,241 |
US Government Agencies Debt Securities [Member] | |||
Securities available for sale: | |||
Securities available for sale, Amortized Cost | 18,554 | 18,136 | 31,594 |
Securities available for sale, Gross Unrealized Gains | 35 | 32 | 49 |
Securities available for sale, Gross Unrealized Losses | 56 | 48 | 729 |
Securities available for sale, Fair Value | 18,533 | 18,120 | 30,914 |
Municipal Notes [Member] | |||
Securities available for sale: | |||
Securities available for sale, Amortized Cost | 31,834 | 32,178 | 36,200 |
Securities available for sale, Gross Unrealized Gains | 896 | 1,242 | 778 |
Securities available for sale, Gross Unrealized Losses | 179 | 78 | 938 |
Securities available for sale, Fair Value | 32,551 | 33,342 | 36,040 |
Debt Securities [Member] | |||
Securities available for sale: | |||
Securities available for sale, Amortized Cost | 96,253 | 96,910 | 106,688 |
Securities available for sale, Gross Unrealized Gains | 1,150 | 1,588 | 1,128 |
Securities available for sale, Gross Unrealized Losses | 519 | 355 | 2,252 |
Securities available for sale, Fair Value | 96,884 | 98,143 | 105,564 |
Securities held to maturity: | |||
Securities available for sale, Amortized Cost | 6 | ||
Securities available for sale, Fair Value | 6 | ||
Mutual Funds [Member] | |||
Securities available for sale: | |||
Securities available for sale, Amortized Cost | 1,477 | 2,083 | 3,238 |
Securities available for sale, Gross Unrealized Gains | 0 | 0 | 0 |
Securities available for sale, Gross Unrealized Losses | 0 | 0 | 40 |
Securities available for sale, Fair Value | $ 1,477 | 2,083 | 3,198 |
Total [Member] | |||
Securities available for sale: | |||
Securities available for sale, Amortized Cost | 98,993 | 109,926 | |
Securities available for sale, Gross Unrealized Gains | 1,588 | 1,128 | |
Securities available for sale, Gross Unrealized Losses | 355 | 2,292 | |
Securities available for sale, Fair Value | $ 100,226 | $ 108,762 |
Note 3 - Investment Securitie83
Note 3 - Investment Securities (Details) - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Note 3 - Investment Securities (Details) - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity [Line Items] | |||
Due in one year or less | $ 1,070 | $ 120 | |
Due in one year or less | 1,074 | 121 | |
Due in one year or less | 0 | 0 | |
Due in one year or less | 0 | 0 | |
Due after one year through five years | 17,306 | 15,679 | |
Due after one year through five years | 17,354 | 15,786 | |
Due after one year through five years | 0 | 0 | |
Due after one year through five years | 0 | 0 | |
Due after five years through ten years | 19,267 | 20,366 | |
Due after five years through ten years | 19,604 | 20,852 | |
Due after five years through ten years | 0 | ||
Due after five years through ten years | 0 | ||
Due after ten years | 12,745 | 14,149 | |
Due after ten years | 13,052 | 14,703 | |
Due after ten years | 0 | 0 | |
Due after ten years | 0 | 0 | |
96,253 | 50,314 | ||
51,084 | 51,462 | ||
0 | 0 | ||
0 | 0 | ||
Mortgage-backed securities and CMO | 45,865 | 46,596 | |
Mortgage-backed securities and CMO | 45,800 | 46,681 | |
Mortgage-backed securities and CMO | 5 | 6 | |
Mortgage-backed securities and CMO | 5 | 6 | |
97,730 | 98,993 | ||
96,884 | |||
5 | 6 | $ 9 | |
5 | 6 | 9 | |
Debt Securities [Member] | |||
Note 3 - Investment Securities (Details) - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity [Line Items] | |||
$ 96,253 | 96,910 | $ 106,688 | |
98,143 | |||
6 | |||
$ 6 |
Note 3 - Investment Securitie84
Note 3 - Investment Securities (Details) - Investment Securities Available for Sale $ in Thousands | Jun. 30, 2015USD ($) | Dec. 31, 2014USD ($) |
Continuous loss position less than twelve months: | ||
Number of Investment Positions | 48 | 20 |
Fair Value | $ 32,157 | $ 10,731 |
Gross Unrealized Losses | $ 298 | $ 51 |
Continuous loss position more than twelve months: | ||
Number of Investment Positions | 19 | 31 |
Fair Value | $ 14,325 | $ 25,024 |
Gross Unrealized Losses | $ 221 | $ 304 |
Total securities available for sale | 67 | 51 |
Total securities available for sale | $ 46,482 | $ 35,755 |
Total securities available for sale | $ 519 | $ 355 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Continuous loss position less than twelve months: | ||
Number of Investment Positions | 22 | 7 |
Fair Value | $ 17,893 | $ 5,925 |
Gross Unrealized Losses | $ 150 | $ 21 |
Continuous loss position more than twelve months: | ||
Number of Investment Positions | 4 | 6 |
Fair Value | $ 4,426 | $ 5,986 |
Gross Unrealized Losses | $ 53 | $ 58 |
Agency Collateralized Mortgage Obligations [Member] | ||
Continuous loss position less than twelve months: | ||
Number of Investment Positions | 2 | |
Fair Value | $ 1,317 | |
Gross Unrealized Losses | $ 21 | |
Continuous loss position more than twelve months: | ||
Number of Investment Positions | 9 | 9 |
Fair Value | $ 6,594 | $ 7,306 |
Gross Unrealized Losses | $ 81 | $ 129 |
US Government Agencies Debt Securities [Member] | ||
Continuous loss position less than twelve months: | ||
Number of Investment Positions | 9 | 2 |
Fair Value | $ 7,696 | $ 1,198 |
Gross Unrealized Losses | $ 53 | $ 2 |
Continuous loss position more than twelve months: | ||
Number of Investment Positions | 1 | 7 |
Fair Value | $ 999 | $ 7,586 |
Gross Unrealized Losses | $ 3 | $ 47 |
Municipal Notes [Member] | ||
Continuous loss position less than twelve months: | ||
Number of Investment Positions | 17 | 9 |
Fair Value | $ 6,568 | $ 2,291 |
Gross Unrealized Losses | $ 95 | $ 8 |
Continuous loss position more than twelve months: | ||
Number of Investment Positions | 5 | 9 |
Fair Value | $ 2,306 | $ 4,146 |
Gross Unrealized Losses | $ 84 | $ 70 |
Note 4 - Loans and Allowance 85
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans - USD ($) $ in Thousands | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Real estate mortgage loans: | |||||||
Loans Gross | $ 307,741 | $ 308,268 | $ 300,229 | ||||
Less undisbursed portion of loans in process | (5,824) | (3,325) | (7,142) | ||||
Principal loan balance | 301,917 | 304,943 | 293,087 | ||||
Deferred loan origination fees, net | 548 | 506 | 341 | ||||
Allowance for loan losses | (3,600) | $ (3,634) | (4,846) | $ (5,066) | $ (5,011) | (4,922) | $ (4,736) |
Loans, net | $ 298,865 | 300,603 | 288,506 | ||||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans Gross | 78,314 | 76,496 | |||||
Commercial Portfolio Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans Gross | 28,282 | 21,956 | |||||
Principal loan balance | 28,282 | 21,956 | |||||
Deferred loan origination fees, net | (7) | (9) | |||||
Allowance for loan losses | (1,480) | (1,446) | (1,223) | ||||
Consumer Portfolio Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Principal loan balance | 34,683 | 33,486 | |||||
Deferred loan origination fees, net | 0 | 0 | |||||
Allowance for loan losses | (275) | (289) | $ (291) | ||||
Residential Mortgage Segment [Member] | Real Estate Portfolio Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans Gross | 106,679 | 107,029 | |||||
Land Segment [Member] | Real Estate Portfolio Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans Gross | 11,028 | 10,309 | |||||
Residential Construction Segment [Member] | Real Estate Portfolio Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans Gross | 10,347 | 14,423 | |||||
Commercial Real Estate Construction Segment [Member] | Real Estate Portfolio Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans Gross | 1,422 | 1,715 | |||||
Home Equity And Second Mortgage [Member] | Consumer Portfolio Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans Gross | 37,513 | 34,815 | |||||
Automobile Loan Segment [Member] | Consumer Portfolio Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans Gross | 25,274 | 23,983 | |||||
Loans On Savings Accounts [Member] | Consumer Portfolio Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans Gross | 1,018 | 1,138 | |||||
Unsecured Loan [Member] | Consumer Portfolio Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans Gross | 3,316 | 3,541 | |||||
Other Consumer Loan [Member] | Consumer Portfolio Segment [Member] | |||||||
Real estate mortgage loans: | |||||||
Loans Gross | $ 5,075 | $ 4,824 |
Note 4 - Loans and Allowance 86
Note 4 - Loans and Allowance for Loan Losses (Details) - Related Party Loans $ in Thousands | 12 Months Ended |
Dec. 31, 2014USD ($) | |
Related Party Loans [Abstract] | |
Beginning balance | $ 6,549 |
New loans | 10,612 |
Payments | (8,507) |
Ending balance | $ 8,654 |
Note 4 - Loans and Allowance 87
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans and Allowances for Loan Losses - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Principal loan balance | $ 301,917 | $ 304,943 | $ 293,087 |
Accrued interest receivable | 967 | 1,036 | 1,050 |
Net deferred loan origination fees and costs | 548 | 506 | 341 |
Recorded investment in loans | $ 303,432 | 306,485 | 294,478 |
Residential Mortgage Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Principal loan balance | 106,679 | 107,029 | |
Accrued interest receivable | 368 | 427 | |
Net deferred loan origination fees and costs | 49 | 52 | |
Recorded investment in loans | 107,096 | 107,508 | |
Land Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Principal loan balance | 11,028 | 10,309 | |
Accrued interest receivable | 48 | 49 | |
Net deferred loan origination fees and costs | 4 | 2 | |
Recorded investment in loans | 11,080 | 10,360 | |
Residential Construction Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Principal loan balance | 8,444 | 8,996 | |
Accrued interest receivable | 20 | 22 | |
Net deferred loan origination fees and costs | (1) | 0 | |
Recorded investment in loans | 8,463 | 9,018 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Principal loan balance | 78,314 | 76,496 | |
Accrued interest receivable | 186 | 202 | |
Net deferred loan origination fees and costs | (20) | (32) | |
Recorded investment in loans | 78,480 | 76,666 | |
Commercial Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Principal loan balance | 28,282 | 21,956 | |
Accrued interest receivable | 131 | 56 | |
Net deferred loan origination fees and costs | (7) | (9) | |
Recorded investment in loans | 28,406 | 22,003 | |
Home Equity And Second Mortgage [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Principal loan balance | 37,513 | 34,815 | |
Accrued interest receivable | 131 | 126 | |
Net deferred loan origination fees and costs | 481 | 328 | |
Recorded investment in loans | 38,125 | 35,269 | |
Consumer Portfolio Segment [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Principal loan balance | 34,683 | 33,486 | |
Accrued interest receivable | 152 | 168 | |
Net deferred loan origination fees and costs | 0 | 0 | |
Recorded investment in loans | $ 34,835 | $ 33,654 |
Note 4 - Loans and Allowance 88
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance for Loan Losses - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Allowance for Loan Losses: | ||||||||||||||||
Beginning balance | $ 3,634 | $ 5,066 | $ 5,011 | $ 4,922 | $ 4,736 | $ 4,846 | $ 4,922 | $ 4,922 | $ 4,736 | |||||||
Provisions | 50 | $ 0 | 75 | 90 | 25 | $ 150 | $ 100 | $ 225 | 250 | 50 | 115 | 190 | 725 | |||
Charge-offs | (125) | (93) | (1,382) | (226) | (620) | (892) | ||||||||||
Recoveries | 41 | 58 | 86 | 255 | 354 | 353 | ||||||||||
Ending balance | 3,600 | 4,846 | 5,066 | 5,011 | 4,922 | 3,600 | 5,066 | 4,846 | 4,922 | |||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance individually evaluated for impairment | $ 93 | $ 1,351 | $ 1,529 | |||||||||||||
Allowance collectively evaluated for impairment | 3,507 | 3,495 | 3,393 | |||||||||||||
Ending allowance balance attributable to loans | $ 3,600 | 4,846 | $ 5,066 | $ 5,011 | 5,011 | 4,922 | 4,736 | 3,600 | 5,066 | 4,846 | 4,922 | 3,600 | 4,846 | 4,922 | ||
Recorded Investment in Loans: | ||||||||||||||||
Loans individually evaluated for impairment | 3,382 | 5,039 | 6,920 | |||||||||||||
Loans collectively evaluated for impairment | 300,050 | 301,446 | 287,558 | |||||||||||||
Recorded Investment in Loan | $ 303,432 | 306,485 | 294,478 | |||||||||||||
Residential Mortgage Segment [Member] | ||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||
Beginning balance | 811 | 922 | 609 | 811 | 811 | 922 | ||||||||||
Provisions | (69) | 182 | ||||||||||||||
Charge-offs | (140) | (353) | ||||||||||||||
Recoveries | 7 | 60 | ||||||||||||||
Ending balance | 609 | 811 | 609 | 811 | ||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance individually evaluated for impairment | 47 | 112 | ||||||||||||||
Allowance collectively evaluated for impairment | 562 | 699 | ||||||||||||||
Ending allowance balance attributable to loans | 609 | 811 | 811 | 922 | 609 | 811 | 811 | 811 | 609 | 811 | ||||||
Recorded Investment in Loans: | ||||||||||||||||
Loans individually evaluated for impairment | 1,411 | 2,040 | ||||||||||||||
Loans collectively evaluated for impairment | 105,685 | 105,468 | ||||||||||||||
Recorded Investment in Loan | 107,096 | 107,508 | ||||||||||||||
Land Segment [Member] | ||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||
Beginning balance | 152 | 71 | 201 | 152 | 152 | 71 | ||||||||||
Provisions | 49 | 83 | ||||||||||||||
Charge-offs | 0 | (2) | ||||||||||||||
Recoveries | 0 | 0 | ||||||||||||||
Ending balance | 201 | 152 | 201 | 152 | ||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance individually evaluated for impairment | 0 | 0 | ||||||||||||||
Allowance collectively evaluated for impairment | 201 | 152 | ||||||||||||||
Ending allowance balance attributable to loans | 201 | 152 | 152 | 71 | 201 | 152 | 152 | 152 | 201 | 152 | ||||||
Recorded Investment in Loans: | ||||||||||||||||
Loans individually evaluated for impairment | 16 | 120 | ||||||||||||||
Loans collectively evaluated for impairment | 11,064 | 10,240 | ||||||||||||||
Recorded Investment in Loan | 11,080 | 10,360 | ||||||||||||||
Residential Construction Segment [Member] | ||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||
Beginning balance | 63 | 0 | 60 | 63 | 63 | 0 | ||||||||||
Provisions | (3) | 63 | ||||||||||||||
Charge-offs | 0 | 0 | ||||||||||||||
Recoveries | 0 | 0 | ||||||||||||||
Ending balance | 60 | 63 | 60 | 63 | ||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance individually evaluated for impairment | 0 | 0 | ||||||||||||||
Allowance collectively evaluated for impairment | 60 | 63 | ||||||||||||||
Ending allowance balance attributable to loans | 60 | 63 | 63 | 0 | 60 | 63 | 63 | 63 | 60 | 63 | ||||||
Recorded Investment in Loans: | ||||||||||||||||
Loans individually evaluated for impairment | 0 | 0 | ||||||||||||||
Loans collectively evaluated for impairment | 8,463 | 9,018 | ||||||||||||||
Recorded Investment in Loan | 8,463 | 9,018 | ||||||||||||||
Commercial Real Estate Portfolio Segment [Member] | ||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||
Beginning balance | 1,284 | 1,310 | 1,501 | 1,284 | 1,284 | 1,310 | ||||||||||
Provisions | 211 | 47 | ||||||||||||||
Charge-offs | 0 | (90) | ||||||||||||||
Recoveries | 6 | 17 | ||||||||||||||
Ending balance | 1,501 | 1,284 | 1,501 | 1,284 | ||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance individually evaluated for impairment | 11 | 145 | ||||||||||||||
Allowance collectively evaluated for impairment | 1,490 | 1,139 | ||||||||||||||
Ending allowance balance attributable to loans | 1,501 | 1,284 | 1,284 | 1,310 | 1,501 | 1,284 | 1,284 | 1,284 | 1,501 | 1,284 | ||||||
Recorded Investment in Loans: | ||||||||||||||||
Loans individually evaluated for impairment | 1,819 | 2,586 | ||||||||||||||
Loans collectively evaluated for impairment | 76,661 | 74,080 | ||||||||||||||
Recorded Investment in Loan | 78,480 | 76,666 | ||||||||||||||
Commercial Portfolio Segment [Member] | ||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||
Beginning balance | 1,446 | 1,223 | 1,480 | 1,446 | 1,446 | 1,223 | ||||||||||
Provisions | 23 | 169 | ||||||||||||||
Charge-offs | (6) | (20) | ||||||||||||||
Recoveries | 17 | 74 | ||||||||||||||
Ending balance | 1,480 | 1,446 | 1,480 | 1,446 | ||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance individually evaluated for impairment | 1,293 | 1,259 | ||||||||||||||
Allowance collectively evaluated for impairment | 187 | 187 | ||||||||||||||
Ending allowance balance attributable to loans | 1,480 | 1,446 | 1,446 | 1,223 | 1,480 | 1,446 | 1,446 | 1,446 | 1,480 | 1,446 | ||||||
Recorded Investment in Loans: | ||||||||||||||||
Loans individually evaluated for impairment | 1,642 | 1,898 | ||||||||||||||
Loans collectively evaluated for impairment | 26,764 | 20,105 | ||||||||||||||
Recorded Investment in Loan | 28,406 | 22,003 | ||||||||||||||
Home Equity And Second Mortgage [Member] | ||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||
Beginning balance | 877 | 919 | 720 | 877 | 877 | 919 | ||||||||||
Provisions | (195) | 4 | ||||||||||||||
Charge-offs | (154) | (90) | ||||||||||||||
Recoveries | 192 | 44 | ||||||||||||||
Ending balance | 720 | 877 | 720 | 877 | ||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance individually evaluated for impairment | 0 | 13 | ||||||||||||||
Allowance collectively evaluated for impairment | 720 | 864 | ||||||||||||||
Ending allowance balance attributable to loans | 720 | 877 | 877 | 919 | 720 | 877 | 877 | 877 | 720 | 877 | ||||||
Recorded Investment in Loans: | ||||||||||||||||
Loans individually evaluated for impairment | 151 | 276 | ||||||||||||||
Loans collectively evaluated for impairment | 37,974 | 34,993 | ||||||||||||||
Recorded Investment in Loan | 38,125 | 35,269 | ||||||||||||||
Consumer Portfolio Segment [Member] | ||||||||||||||||
Allowance for Loan Losses: | ||||||||||||||||
Beginning balance | 289 | 291 | 275 | 289 | 289 | 291 | ||||||||||
Provisions | 174 | 177 | ||||||||||||||
Charge-offs | (320) | (337) | ||||||||||||||
Recoveries | 132 | 158 | ||||||||||||||
Ending balance | 275 | 289 | 275 | 289 | ||||||||||||
Ending allowance balance attributable to loans: | ||||||||||||||||
Allowance individually evaluated for impairment | 0 | 0 | ||||||||||||||
Allowance collectively evaluated for impairment | 275 | 289 | ||||||||||||||
Ending allowance balance attributable to loans | $ 275 | $ 289 | $ 289 | $ 291 | $ 275 | $ 289 | $ 289 | $ 289 | 275 | 289 | ||||||
Recorded Investment in Loans: | ||||||||||||||||
Loans individually evaluated for impairment | 0 | 0 | ||||||||||||||
Loans collectively evaluated for impairment | 34,835 | 33,654 | ||||||||||||||
Recorded Investment in Loan | $ 34,835 | $ 33,654 |
Note 4 - Loans and Allowance 89
Note 4 - Loans and Allowance for Loan Losses (Details) - Impaired Loans - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Loans with no related allowance recorded: | ||||||
Loans with no related allowance recorded, recorded investment | $ 2,967 | $ 2,967 | $ 3,005 | $ 3,791 | ||
Loans with no related allowance recorded, unpaid principal balance | 3,348 | 3,348 | 3,359 | 4,120 | ||
Loans with no related allowance recorded, related allowance | 0 | 0 | ||||
Loans with no related allowance recorded, average recorded investment | 3,106 | $ 3,382 | 3,072 | $ 3,518 | 3,327 | 3,417 |
Loans with no related allowance recorded, interest income recognized | 24 | 25 | 49 | 53 | 98 | 104 |
Loans with an allowance recorded: | ||||||
Loans with an allowance recorded, recorded investment | 415 | 415 | 2,034 | 3,129 | ||
Loans with an allowance recorded, unpaid principal balance | 479 | 479 | 2,376 | 3,466 | ||
Loans with an allowance recorded, related allowance | 93 | 93 | 1,351 | 1,529 | ||
Loans with an allowance recorded, average recorded investment | 391 | 3,304 | 938 | 3,245 | 2,768 | 3,581 |
Loans with an allowance recorded, interest income recognized | 0 | 0 | 0 | 0 | 0 | 2 |
Total: | ||||||
Loans, recorded investment | 3,382 | 3,382 | 5,039 | 6,920 | ||
Loans, unpaid principal balance | 3,827 | 3,827 | 5,735 | 7,586 | ||
Loans, related allowance | 93 | 93 | 1,351 | 1,529 | ||
Loans, average recorded investment | 3,497 | 6,686 | 4,010 | 6,763 | 6,095 | 6,998 |
Loans, interest income recognized | $ 24 | $ 25 | $ 49 | $ 53 | 98 | 106 |
Residential Mortgage Segment [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Loans with no related allowance recorded, recorded investment | 1,141 | 1,591 | ||||
Loans with no related allowance recorded, unpaid principal balance | 1,446 | 1,869 | ||||
Loans with no related allowance recorded, related allowance | 0 | 0 | ||||
Loans with no related allowance recorded, average recorded investment | 1,293 | 1,508 | ||||
Loans with no related allowance recorded, interest income recognized | 26 | 32 | ||||
Loans with an allowance recorded: | ||||||
Loans with an allowance recorded, recorded investment | 270 | 449 | ||||
Loans with an allowance recorded, unpaid principal balance | 304 | 487 | ||||
Loans with an allowance recorded, related allowance | 47 | 112 | ||||
Loans with an allowance recorded, average recorded investment | 369 | 624 | ||||
Loans with an allowance recorded, interest income recognized | 0 | 2 | ||||
Total: | ||||||
Loans, recorded investment | 1,411 | 2,040 | ||||
Loans, unpaid principal balance | 1,750 | 2,356 | ||||
Loans, related allowance | 47 | 112 | ||||
Loans, average recorded investment | 1,662 | 2,132 | ||||
Loans, interest income recognized | 26 | 34 | ||||
Land Segment [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Loans with no related allowance recorded, recorded investment | 16 | 120 | ||||
Loans with no related allowance recorded, unpaid principal balance | 18 | 131 | ||||
Loans with no related allowance recorded, related allowance | 0 | 0 | ||||
Loans with no related allowance recorded, average recorded investment | 96 | 124 | ||||
Loans with no related allowance recorded, interest income recognized | 0 | 0 | ||||
Loans with an allowance recorded: | ||||||
Loans with an allowance recorded, recorded investment | 0 | 0 | ||||
Loans with an allowance recorded, unpaid principal balance | 0 | 0 | ||||
Loans with an allowance recorded, related allowance | 0 | 0 | ||||
Loans with an allowance recorded, average recorded investment | 1 | 1 | ||||
Loans with an allowance recorded, interest income recognized | 0 | 0 | ||||
Total: | ||||||
Loans, recorded investment | 16 | 120 | ||||
Loans, unpaid principal balance | 18 | 131 | ||||
Loans, related allowance | 0 | 0 | ||||
Loans, average recorded investment | 97 | 125 | ||||
Loans, interest income recognized | 0 | 0 | ||||
Residential Construction Segment [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Loans with no related allowance recorded, recorded investment | 0 | 0 | ||||
Loans with no related allowance recorded, unpaid principal balance | 0 | 0 | ||||
Loans with no related allowance recorded, related allowance | 0 | 0 | ||||
Loans with no related allowance recorded, average recorded investment | 52 | 173 | ||||
Loans with no related allowance recorded, interest income recognized | 0 | 0 | ||||
Loans with an allowance recorded: | ||||||
Loans with an allowance recorded, recorded investment | 0 | 0 | ||||
Loans with an allowance recorded, unpaid principal balance | 0 | 0 | ||||
Loans with an allowance recorded, related allowance | 0 | 0 | ||||
Loans with an allowance recorded, average recorded investment | 0 | 0 | ||||
Loans with an allowance recorded, interest income recognized | 0 | 0 | ||||
Total: | ||||||
Loans, recorded investment | 0 | 0 | ||||
Loans, unpaid principal balance | 0 | 0 | ||||
Loans, related allowance | 0 | 0 | ||||
Loans, average recorded investment | 52 | 173 | ||||
Loans, interest income recognized | 0 | 0 | ||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Loans with no related allowance recorded, recorded investment | 1,777 | 1,637 | ||||
Loans with no related allowance recorded, unpaid principal balance | 1,808 | 1,643 | ||||
Loans with no related allowance recorded, related allowance | 0 | 0 | ||||
Loans with no related allowance recorded, average recorded investment | 1,626 | 1,410 | ||||
Loans with no related allowance recorded, interest income recognized | 70 | 63 | ||||
Loans with an allowance recorded: | ||||||
Loans with an allowance recorded, recorded investment | 42 | 949 | ||||
Loans with an allowance recorded, unpaid principal balance | 65 | 1,048 | ||||
Loans with an allowance recorded, related allowance | 11 | 145 | ||||
Loans with an allowance recorded, average recorded investment | 656 | 1,108 | ||||
Loans with an allowance recorded, interest income recognized | 0 | 0 | ||||
Total: | ||||||
Loans, recorded investment | 1,819 | 2,586 | ||||
Loans, unpaid principal balance | 1,873 | 2,691 | ||||
Loans, related allowance | 11 | 145 | ||||
Loans, average recorded investment | 2,282 | 2,518 | ||||
Loans, interest income recognized | 70 | 63 | ||||
Commercial Portfolio Segment [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Loans with no related allowance recorded, recorded investment | 0 | 189 | ||||
Loans with no related allowance recorded, unpaid principal balance | 0 | 209 | ||||
Loans with no related allowance recorded, related allowance | 0 | 0 | ||||
Loans with no related allowance recorded, average recorded investment | 113 | 38 | ||||
Loans with no related allowance recorded, interest income recognized | 0 | 4 | ||||
Loans with an allowance recorded: | ||||||
Loans with an allowance recorded, recorded investment | 1,642 | 1,709 | ||||
Loans with an allowance recorded, unpaid principal balance | 1,909 | 1,909 | ||||
Loans with an allowance recorded, related allowance | 1,293 | 1,259 | ||||
Loans with an allowance recorded, average recorded investment | 1,696 | 1,801 | ||||
Loans with an allowance recorded, interest income recognized | 0 | 0 | ||||
Total: | ||||||
Loans, recorded investment | 1,642 | 1,898 | ||||
Loans, unpaid principal balance | 1,909 | 2,118 | ||||
Loans, related allowance | 1,293 | 1,259 | ||||
Loans, average recorded investment | 1,809 | 1,839 | ||||
Loans, interest income recognized | 0 | 4 | ||||
Home Equity And Second Mortgage [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Loans with no related allowance recorded, recorded investment | 71 | 254 | ||||
Loans with no related allowance recorded, unpaid principal balance | 87 | 268 | ||||
Loans with no related allowance recorded, related allowance | 0 | 0 | ||||
Loans with no related allowance recorded, average recorded investment | 147 | 164 | ||||
Loans with no related allowance recorded, interest income recognized | 2 | 5 | ||||
Loans with an allowance recorded: | ||||||
Loans with an allowance recorded, recorded investment | 80 | 22 | ||||
Loans with an allowance recorded, unpaid principal balance | 98 | 22 | ||||
Loans with an allowance recorded, related allowance | 0 | 13 | ||||
Loans with an allowance recorded, average recorded investment | 46 | 47 | ||||
Loans with an allowance recorded, interest income recognized | 0 | 0 | ||||
Total: | ||||||
Loans, recorded investment | 151 | 276 | ||||
Loans, unpaid principal balance | 185 | 290 | ||||
Loans, related allowance | 0 | 13 | ||||
Loans, average recorded investment | 193 | 211 | ||||
Loans, interest income recognized | 2 | 5 | ||||
Other Consumer Loan [Member] | ||||||
Loans with no related allowance recorded: | ||||||
Loans with no related allowance recorded, recorded investment | 0 | 0 | ||||
Loans with no related allowance recorded, unpaid principal balance | 0 | 0 | ||||
Loans with no related allowance recorded, related allowance | 0 | 0 | ||||
Loans with no related allowance recorded, average recorded investment | 0 | 0 | ||||
Loans with no related allowance recorded, interest income recognized | 0 | 0 | ||||
Loans with an allowance recorded: | ||||||
Loans with an allowance recorded, recorded investment | 0 | 0 | ||||
Loans with an allowance recorded, unpaid principal balance | 0 | 0 | ||||
Loans with an allowance recorded, related allowance | 0 | 0 | ||||
Loans with an allowance recorded, average recorded investment | 0 | 0 | ||||
Loans with an allowance recorded, interest income recognized | 0 | 0 | ||||
Total: | ||||||
Loans, recorded investment | 0 | 0 | ||||
Loans, unpaid principal balance | 0 | 0 | ||||
Loans, related allowance | 0 | 0 | ||||
Loans, average recorded investment | 0 | 0 | ||||
Loans, interest income recognized | $ 0 | $ 0 |
Note 4 - Loans and Allowance 90
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total Nonperforming Loans | $ 4,422 | $ 4,871 | $ 6,848 |
Nonperforming Financial Instruments [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual Loans | 3,139 | 5,259 | |
Loans 90+ Days Past Due Still Accruing | 85 | 227 | |
Total Nonperforming Loans | 3,224 | 5,486 | |
Residential Mortgage Segment [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total Nonperforming Loans | 3,929 | 4,691 | |
Residential Mortgage Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual Loans | 919 | 1,533 | |
Loans 90+ Days Past Due Still Accruing | 68 | 180 | |
Total Nonperforming Loans | 987 | 1,713 | |
Land Segment [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total Nonperforming Loans | 148 | 283 | |
Land Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual Loans | 16 | 120 | |
Loans 90+ Days Past Due Still Accruing | 0 | 0 | |
Total Nonperforming Loans | 16 | 120 | |
Residential Construction Segment [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total Nonperforming Loans | 0 | 0 | |
Residential Construction Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual Loans | 0 | 0 | |
Loans 90+ Days Past Due Still Accruing | 0 | 0 | |
Total Nonperforming Loans | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total Nonperforming Loans | 229 | 780 | |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual Loans | 433 | 1,456 | |
Loans 90+ Days Past Due Still Accruing | 0 | 0 | |
Total Nonperforming Loans | 433 | 1,456 | |
Commercial Portfolio Segment [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total Nonperforming Loans | 0 | 189 | |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual Loans | 1,642 | 1,898 | |
Loans 90+ Days Past Due Still Accruing | 0 | 0 | |
Total Nonperforming Loans | 1,642 | 1,898 | |
Home Equity And Second Mortgage [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total Nonperforming Loans | 273 | 567 | |
Home Equity And Second Mortgage [Member] | Nonperforming Financial Instruments [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual Loans | 129 | 252 | |
Loans 90+ Days Past Due Still Accruing | 14 | 39 | |
Total Nonperforming Loans | 143 | 291 | |
Consumer Portfolio Segment [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Total Nonperforming Loans | 292 | 338 | |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | |||
Nonaccrual Loans | 0 | 0 | |
Loans 90+ Days Past Due Still Accruing | 3 | 8 | |
Total Nonperforming Loans | $ 3 | $ 8 |
Note 4 - Loans and Allowance 91
Note 4 - Loans and Allowance for Loan Losses (Details) - Aging of Recorded Investment in Loans - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
30-59 Days Past Due | $ 3,564 | $ 4,260 | |
60-89 Days Past Due | 857 | 1,497 | |
Over 90 Days Past Due | 450 | 1,091 | |
Total Past Due | $ 4,422 | 4,871 | 6,848 |
Current | 299,010 | 301,614 | 287,630 |
Total Loans | $ 303,432 | 306,485 | 294,478 |
Residential Mortgage Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
30-59 Days Past Due | 3,070 | 3,160 | |
60-89 Days Past Due | 551 | 830 | |
Over 90 Days Past Due | 308 | 701 | |
Total Past Due | 3,929 | 4,691 | |
Current | 103,167 | 102,817 | |
Total Loans | 107,096 | 107,508 | |
Land Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
30-59 Days Past Due | 24 | 162 | |
60-89 Days Past Due | 124 | 109 | |
Over 90 Days Past Due | 0 | 12 | |
Total Past Due | 148 | 283 | |
Current | 10,932 | 10,077 | |
Total Loans | 11,080 | 10,360 | |
Residential Construction Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
30-59 Days Past Due | 0 | 0 | |
60-89 Days Past Due | 0 | 0 | |
Over 90 Days Past Due | 0 | 0 | |
Total Past Due | 0 | 0 | |
Current | 8,463 | 9,018 | |
Total Loans | 8,463 | 9,018 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
30-59 Days Past Due | 54 | 231 | |
60-89 Days Past Due | 133 | 500 | |
Over 90 Days Past Due | 42 | 49 | |
Total Past Due | 229 | 780 | |
Current | 78,251 | 75,886 | |
Total Loans | 78,480 | 76,666 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
30-59 Days Past Due | 0 | 0 | |
60-89 Days Past Due | 0 | 0 | |
Over 90 Days Past Due | 0 | 189 | |
Total Past Due | 0 | 189 | |
Current | 28,406 | 21,814 | |
Total Loans | 28,406 | 22,003 | |
Home Equity And Second Mortgage [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
30-59 Days Past Due | 153 | 411 | |
60-89 Days Past Due | 23 | 24 | |
Over 90 Days Past Due | 97 | 132 | |
Total Past Due | 273 | 567 | |
Current | 37,852 | 34,702 | |
Total Loans | 38,125 | 35,269 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
30-59 Days Past Due | 263 | 296 | |
60-89 Days Past Due | 26 | 34 | |
Over 90 Days Past Due | 3 | 8 | |
Total Past Due | 292 | 338 | |
Current | 34,543 | 33,316 | |
Total Loans | $ 34,835 | $ 33,654 |
Note 4 - Loans and Allowance 92
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans by Risk Category - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | $ 303,432 | $ 306,485 | $ 294,478 |
Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 294,493 | 292,442 | 279,249 |
Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 2,413 | 3,937 | 4,066 |
Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 4,881 | 6,967 | 5,904 |
Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 1,645 | 3,139 | 5,259 |
Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | $ 0 | 0 | 0 |
Residential Mortgage Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 107,096 | 107,508 | |
Residential Mortgage Segment [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 104,780 | 103,594 | |
Residential Mortgage Segment [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 105 | 756 | |
Residential Mortgage Segment [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 1,292 | 1,625 | |
Residential Mortgage Segment [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 919 | 1,533 | |
Residential Mortgage Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Land Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 11,080 | 10,360 | |
Land Segment [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 7,969 | 7,096 | |
Land Segment [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 94 | 0 | |
Land Segment [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 3,001 | 3,144 | |
Land Segment [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 16 | 120 | |
Land Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Residential Construction Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 8,463 | 9,018 | |
Residential Construction Segment [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 7,722 | 9,018 | |
Residential Construction Segment [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 741 | 0 | |
Residential Construction Segment [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Residential Construction Segment [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Residential Construction Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 78,480 | 76,666 | |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 73,204 | 71,893 | |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 2,648 | 2,627 | |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 2,195 | 690 | |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 433 | 1,456 | |
Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 28,406 | 22,003 | |
Commercial Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 26,137 | 19,328 | |
Commercial Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 298 | 458 | |
Commercial Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 329 | 319 | |
Commercial Portfolio Segment [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 1,642 | 1,898 | |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Home Equity And Second Mortgage [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 38,125 | 35,269 | |
Home Equity And Second Mortgage [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 37,860 | 34,693 | |
Home Equity And Second Mortgage [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 2 | 198 | |
Home Equity And Second Mortgage [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 134 | 126 | |
Home Equity And Second Mortgage [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 129 | 252 | |
Home Equity And Second Mortgage [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 34,835 | 33,654 | |
Consumer Portfolio Segment [Member] | Pass [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 34,770 | 33,627 | |
Consumer Portfolio Segment [Member] | Special Mention [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 49 | 27 | |
Consumer Portfolio Segment [Member] | Substandard [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 16 | 0 | |
Consumer Portfolio Segment [Member] | Doubtful [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | 0 | 0 | |
Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recorded investment in loans | $ 0 | $ 0 |
Note 4 - Loans and Allowance 93
Note 4 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructuring by Accrual Status - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Financing Receivable, Modifications [Line Items] | |||
Recorded Investment in loans | $ 303,432 | $ 306,485 | $ 294,478 |
Troubled Debt Restructuring [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Accruing | 1,900 | 1,662 | |
Nonaccrual | 2,146 | 1,935 | |
Recorded Investment in loans | 4,046 | 3,597 | |
Related Allowance for Loan Losses | 1,298 | 1,304 | |
Residential Mortgage Segment [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Recorded Investment in loans | 107,096 | 107,508 | |
Residential Mortgage Segment [Member] | Troubled Debt Restructuring [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Accruing | 492 | 508 | |
Nonaccrual | 166 | 226 | |
Recorded Investment in loans | 658 | 734 | |
Related Allowance for Loan Losses | 6 | 45 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Recorded Investment in loans | 78,480 | 76,666 | |
Commercial Real Estate Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Accruing | 1,386 | 1,130 | |
Nonaccrual | 338 | 0 | |
Recorded Investment in loans | 1,724 | 1,130 | |
Related Allowance for Loan Losses | 0 | 0 | |
Commercial Portfolio Segment [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Recorded Investment in loans | 28,406 | 22,003 | |
Commercial Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Accruing | 0 | 0 | |
Nonaccrual | 1,642 | 1,709 | |
Recorded Investment in loans | 1,642 | 1,709 | |
Related Allowance for Loan Losses | 1,292 | 1,259 | |
Home Equity And Second Mortgage [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Recorded Investment in loans | 38,125 | 35,269 | |
Home Equity And Second Mortgage [Member] | Troubled Debt Restructuring [Member] | |||
Financing Receivable, Modifications [Line Items] | |||
Accruing | 22 | 24 | |
Nonaccrual | 0 | 0 | |
Recorded Investment in loans | 22 | 24 | |
Related Allowance for Loan Losses | $ 0 | $ 0 |
Note 4 - Loans and Allowance 94
Note 4 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings During the Period $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2014USD ($) | Dec. 31, 2014USD ($) | Dec. 31, 2013USD ($) | |
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | |||
Pre-Modification Outstanding Balance | $ 542 | ||
Post-Modification Outstanding Balance | $ 542 | ||
Troubled Debt Restructuring [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Troubled Debt Restructuring, Debtor, Current Period [Line Items] | |||
Number of Contracts | 5 | 5 | |
Pre-Modification Outstanding Balance | $ 641 | $ 310 | |
Post-Modification Outstanding Balance | $ 641 | $ 310 |
Note 5 - Premises and Equipme95
Note 5 - Premises and Equipment (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Property, Plant and Equipment [Abstract] | ||
Depreciation | $ 698,000 | $ 707,000 |
Note 5 - Premises and Equipme96
Note 5 - Premises and Equipment (Details) - Premises and Equipment - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Premises and Equipment [Abstract] | |||
Land and land improvements | $ 3,256 | $ 3,256 | |
Leasehold improvements | 56 | 56 | |
Office buildings | 10,605 | 10,391 | |
Furniture, fixtures and equipment | 4,867 | 4,620 | |
18,784 | 18,323 | ||
Less accumulated depreciation | 8,576 | 7,976 | |
Totals | $ 10,238 | $ 10,208 | $ 10,347 |
Note 6 - Foreclosed Real Esta97
Note 6 - Foreclosed Real Estate (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Note 6 - Foreclosed Real Estate (Details) [Line Items] | |||||||||||||
Real Estate Acquired Through Foreclosure | $ 567,000 | $ 78,000 | $ 466,000 | $ 567,000 | $ 78,000 | $ 466,000 | |||||||
Financing Receivable, Allowance for Credit Losses, Write-downs | 125,000 | $ 93,000 | 1,382,000 | $ 226,000 | 620,000 | 892,000 | |||||||
Provision for Loan and Lease Losses | $ 50,000 | 0 | $ 75,000 | $ 90,000 | $ 25,000 | 150,000 | $ 100,000 | $ 225,000 | $ 250,000 | $ 50,000 | $ 115,000 | 190,000 | 725,000 |
Gains (Losses) on Sales of Other Real Estate | 39,000 | (31,000) | |||||||||||
Foreclosed Real Estate Expense | 19,000 | 84,000 | |||||||||||
Foreclosed Real Estate [Member] | |||||||||||||
Note 6 - Foreclosed Real Estate (Details) [Line Items] | |||||||||||||
Financing Receivable, Allowance for Credit Losses, Write-downs | 187,000 | 354,000 | |||||||||||
Provision for Loan and Lease Losses | 0 | 20,000 | |||||||||||
Deferred Gain on Sale of Real Estate | 0 | 0 | |||||||||||
Deferred Gain on Sale of Property | $ 16,000 | $ 42,000 | $ 16,000 | $ 42,000 |
Note 7 - Goodwill and Other I98
Note 7 - Goodwill and Other Intangibles (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2003 | |
Note 7 - Goodwill and Other Intangibles (Details) [Line Items] | |||
Goodwill, Impairment Loss | $ 0 | $ 0 | |
Finite-Lived Intangible Assets, Gross | 747,000 | ||
Amortization of Intangible Assets | $ 0 | $ 0 | |
Hometown Bancshares Incorporated [Member] | |||
Note 7 - Goodwill and Other Intangibles (Details) [Line Items] | |||
Goodwill, Acquired During Period | $ 5,400,000 |
Note 8 - Deposits (Details)
Note 8 - Deposits (Details) - USD ($) $ in Millions | Dec. 31, 2014 | Dec. 31, 2013 |
Deposits Assets Disclosure Noncurrent [Abstract] | ||
Time Deposits, $100,000 or More | $ 21.6 | $ 25.4 |
Related Party Deposit Liabilities | $ 6.1 | $ 7.9 |
Note 8 - Deposits (Details) - S
Note 8 - Deposits (Details) - Scheduled Maturities of Time Deposits $ in Thousands | Dec. 31, 2014USD ($) |
Scheduled Maturities of Time Deposits [Abstract] | |
2,015 | $ 40,704 |
2,016 | 14,993 |
2,017 | 11,336 |
2,018 | 7,412 |
2019 and thereafter | 1,326 |
Total | $ 75,771 |
Note 9 - Retail Repurchase A101
Note 9 - Retail Repurchase Agreements (Details) - Borrowings Under Repurchase Agreements - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Borrowings Under Repurchase Agreements [Abstract] | ||
Outstanding balance at year end | $ 0 | $ 9,310 |
Weighted average interest rate at year end | 0.00% | 0.26% |
Weighted average interest rate during the year | 0.26% | 0.25% |
Average daily balance | $ 4,601 | $ 11,015 |
Maximum month-end balance during the year | 10,617 | 13,041 |
Debt securities underlying the agreements at December 31: | ||
Amortized cost | 0 | 13,322 |
Fair value | $ 0 | $ 12,920 |
Note 10 - Advances from Fede102
Note 10 - Advances from Federal Home Loan Bank (Details) - USD ($) $ in Thousands | Dec. 31, 2014 | Dec. 31, 2013 |
Note 10 - Advances from Federal Home Loan Bank (Details) [Line Items] | ||
Advances from Federal Home Loan Banks | $ 0 | $ 5,500 |
Residential Mortgage Segment [Member] | ||
Note 10 - Advances from Federal Home Loan Bank (Details) [Line Items] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 73,500 | |
Variable Rate [Member] | ||
Note 10 - Advances from Federal Home Loan Bank (Details) [Line Items] | ||
Federal Home Loan Bank, Advances, Maturities Summary, Due in Next Rolling Twelve Months | $ 5,500 | |
Federal Home Loan Bank, Advances, Branch of FHLB Bank, Weighted Average Interest Rate | 0.50% |
Note 11 - Lease Commitments (De
Note 11 - Lease Commitments (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Note 11 - Lease Commitments (Details) [Line Items] | ||
Operating Leases, Rent Expense | $ 28,000 | $ 27,000 |
Branch Office Space Beginning April 2015 [Member] | ||
Note 11 - Lease Commitments (Details) [Line Items] | ||
Lessee Leasing Arrangements, Operating Leases, Renewal Term | 5 years | |
Operating Leases, Future Minimum Payments Due, Next Twelve Months | $ 19,000 | |
Operating Leases, Future Minimum Payments, Due in Two Years | 19,000 | |
Operating Leases, Future Minimum Payments, Due in Three Years | 19,000 | |
Operating Leases, Future Minimum Payments, Due in Four Years | 19,000 | |
Operating Leases, Future Minimum Payments, Due in Five Years | $ 19,000 | |
Nevads Lease Office Renewal Each October [Member] | ||
Note 11 - Lease Commitments (Details) [Line Items] | ||
Lessee Leasing Arrangements, Operating Leases, Renewal Term | 1 year |
Note 12 - Income Taxes (Details
Note 12 - Income Taxes (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Income Tax Disclosure [Abstract] | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% | 34.00% |
Unrecognized Tax Benefits | $ 0 | $ 0 |
Retained Earnings, Appropriated | 1,000,000 | |
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Bad Debt Reserve for Tax Purposes of Qualified Lender | $ 354,000 | $ 354,000 |
Note 12 - Income Taxes (Deta105
Note 12 - Income Taxes (Details) - Components of Income Tax Expense - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Components of Income Tax Expense [Abstract] | |||||||||||||
Current | $ 2,027 | $ 2,055 | |||||||||||
Deferred | $ 263 | $ (65) | 285 | 200 | |||||||||
Totals | $ 487 | $ 450 | $ 611 | $ 692 | $ 559 | $ 534 | $ 653 | $ 557 | $ 511 | $ 956 | $ 1,251 | $ 2,312 | $ 2,255 |
Note 12 - Income Taxes (Deta106
Note 12 - Income Taxes (Details) - Reconciliation of Income Tax Expense - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Reconciliation of Income Tax Expense [Abstract] | |||||||||||||
Provision at federal statutory tax rate | $ 2,692 | $ 2,496 | |||||||||||
State income tax-net of federal tax benefit | 170 | 188 | |||||||||||
Change in state statutory tax rate | 15 | 26 | |||||||||||
Tax-exempt interest income | (422) | (402) | |||||||||||
Increase in cash value of life insurance | (95) | (54) | |||||||||||
Captive insurance net premiums | (57) | 0 | |||||||||||
Other | 9 | 1 | |||||||||||
Totals | $ 487 | $ 450 | $ 611 | $ 692 | $ 559 | $ 534 | $ 653 | $ 557 | $ 511 | $ 956 | $ 1,251 | $ 2,312 | $ 2,255 |
Effective tax rate | 29.20% | 30.70% |
Note 12 - Income Taxes (Deta107
Note 12 - Income Taxes (Details) - Deferred Tax Assets and Liabilities - USD ($) $ in Thousands | Dec. 31, 2014 | Dec. 31, 2013 |
Deferred tax assets (liabilities): | ||
Deferred compensation plans | $ 92 | $ 102 |
Allowance for loan losses | 1,679 | 1,661 |
Accrued early retirement | 18 | 32 |
Other | 157 | 157 |
Unrealized loss on securities available for sale | 0 | 443 |
Deferred tax assets | 1,946 | 2,395 |
Depreciation | (647) | (664) |
Deferred loan fees and costs | (171) | (86) |
FHLB stock dividends | (98) | (99) |
Prepaid expenses | (231) | 0 |
Unrealized gain on securities available for sale | (434) | 0 |
Deferred tax liabilities | (1,581) | (849) |
Net deferred tax asset | $ 365 | $ 1,546 |
Note 13 - Employee Benefit P108
Note 13 - Employee Benefit Plans (Details) - USD ($) | Dec. 31, 1998 | Dec. 31, 2014 | Dec. 31, 2013 |
Disclosure Text Block Supplement [Abstract] | |||
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 344,000 | $ 319,000 | |
Stock Purchased by Employee Stock Ownership Plan, Shares (in Shares) | 61,501 | ||
Employee Stock Ownership Plan (ESOP) Loan Payments From ESOP Loan Term | 10 years | ||
Employee Stock Ownership Plan (ESOP), Compensation Expense | $ 0 | $ 0 | |
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares (in Shares) | 54,620 |
Note 14 - Deferred Compensat109
Note 14 - Deferred Compensation Plans (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Officer [Member] | ||
Note 14 - Deferred Compensation Plans (Details) [Line Items] | ||
Deferred Compensation Arrangement with Individual, Maximum Contractual Term | 15 years | |
Deferred Compensation Arrangement with Individual, Requisite Service Period | 4 years | |
Deferred Compensation Arrangement with Individual, Compensation Expense | $ 8,000 | $ 11,000 |
Director [Member] | ||
Note 14 - Deferred Compensation Plans (Details) [Line Items] | ||
Deferred Compensation Arrangement with Individual, Maximum Contractual Term | 15 years | |
Deferred Compensation Arrangement with Individual, Compensation Expense | $ 19,000 | $ 19,000 |
Note 16 - Commitments and Co110
Note 16 - Commitments and Contingencies (Details) - USD ($) | Dec. 31, 2014 | Dec. 31, 2013 |
Commitments and Contingencies Disclosure [Abstract] | ||
Letters of Credit Outstanding, Amount | $ 693,000 | $ 1,200,000 |
Note 16 - Commitments and Co111
Note 16 - Commitments and Contingencies (Details) - Commitments to Extend Credit - USD ($) $ in Thousands | Dec. 31, 2014 | Dec. 31, 2013 |
Loan commitments: | ||
Fixed rate | $ 351 | $ 865 |
Adjustable rate | 7,062 | 5,453 |
Commitments to extend credit | 59,066 | 57,745 |
Unused Lines of Credit On Credit Cards [Member] | ||
Loan commitments: | ||
Commitments to extend credit | 4,732 | 3,821 |
Undisbursed Commercial and Personal Lines of Credit [Member] | ||
Loan commitments: | ||
Commitments to extend credit | 19,390 | 19,484 |
Undisbursed Portion of Construction Loans in Process [Member] | ||
Loan commitments: | ||
Commitments to extend credit | 3,325 | 7,142 |
Undisbursed Portion of Home Equity Lines of Credit [Member] | ||
Loan commitments: | ||
Commitments to extend credit | $ 24,206 | $ 20,980 |
Note 19 - Regulatory Matters (D
Note 19 - Regulatory Matters (Details) - Actual Capital Amounts and Ratios - USD ($) $ in Thousands | Dec. 31, 2014 | Dec. 31, 2013 |
Actual Capital Amounts and Ratios [Abstract] | ||
Total capital (to risk weighted assets) actual amount | $ 53,545 | $ 51,780 |
Total capital (to risk weighted assets) actual ratio | 15.80% | 16.11% |
Total capital (to risk weighted assets) minimum amount for capital adequacy purposes | $ 27,105 | $ 25,713 |
Total capital (to risk weighted assets) minimum ratio for capital adequacy purposes | 8.00% | 8.00% |
Total capital (to risk weighted assets) minimum amount to be well capitalized under prompt corrective action provisions | $ 33,881 | $ 32,141 |
Total capital (to risk weighted assets) minimum ratio to be well capitalized under prompt corrective action provisions | 10.00% | 10.00% |
Tier I capital (to risk weighted assets) actual amount | $ 49,302 | $ 47,751 |
Tier I capital (to risk weighted assets) actual ratio | 14.55% | 14.86% |
Tier I capital (to risk weighted assets) minimum amount for capital adequacy purposes | ||
Tier I capital (to risk weighted assets) minimum amount to be well capitalized under prompt corrective action provisions | $ 20,329 | $ 19,285 |
Tier I capital (to risk weighted assets) minimum ratio to be well capitalized under prompt corrective action provisions | 6.00% | 6.00% |
Tier I capital (to adjusted total assets) actual amount | $ 49,302 | $ 47,751 |
Tier I capital (to adjusted total assets) actual ratio | 10.59% | 10.89% |
Tier I capital (to adjusted total assets) minimum amount for capital adequacy purposes | $ 18,624 | $ 17,534 |
Tier I capital (to adjusted total assets) minimum ratio for capital adequacy purposes | 4.00% | 4.00% |
Tier I capital (to adjusted total assets) minimum amount to be well capitalized under prompt corrective action provisions | $ 23,280 | $ 21,917 |
Tier I capital (to adjusted total assets) minimum ratio to be well capitalized under prompt corrective action provisions | 5.00% | 5.00% |
Tangible capital (to adjusted total assets) actual amount | $ 49,302 | $ 47,751 |
Tangible capital (to adjusted total assets) actual ratio | 10.59% | 10.89% |
Tangible capital (to adjusted total assets) minimum amount for capital adequacy purposes | $ 6,984 | $ 6,575 |
Tangible capital (to adjusted total assets) minimum ratio for capital adequacy purposes | 1.50% | 1.50% |
Tangible capital (to adjusted total assets) minimum amount to be well capitalized under prompt corrective action provisions |
Note 20 - Disclosures About 113
Note 20 - Disclosures About Fair Value of Financial Instruments (Details) - Financial Instruments - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Financial assets: | ||||
Interest-bearing time deposits | $ 859,000 | $ 865,000 | $ 467,000 | |
Securities available for sale | 98,361,000 | 100,226,000 | 108,762,000 | |
Securities held to maturity | 5,000 | 6,000 | 9,000 | |
Cost method investment (included in other assets) | $ 711,000 | |||
Financial liabilities: | ||||
Retail repurchase agreements | 0 | 12,920,000 | ||
Reported Value Measurement [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 39,647,000 | 33,243,000 | 11,136,000 | |
Interest-bearing time deposits | 9,515,000 | 8,270,000 | 4,425,000 | |
Securities available for sale | 98,361,000 | 100,226,000 | 108,762,000 | |
Securities held to maturity | 5,000 | 6,000 | 9,000 | |
Loans held for sale | 1,673,000 | 1,608,000 | 1,611,000 | |
Loans, net | 298,865,000 | 300,603,000 | 288,506,000 | |
FHLB stock | 1,550,000 | 2,241,000 | 2,820,000 | |
Accrued interest receivable | 1,538,000 | 1,580,000 | 1,716,000 | |
Cost method investment (included in other assets) | 711,000 | 711,000 | 540,000 | |
Financial liabilities: | ||||
Deposits | 416,247,000 | 412,636,000 | 373,830,000 | |
Accrued interest payable | 94,000 | 127,000 | 192,000 | |
Financial liabilities: | ||||
Retail repurchase agreements | 9,310,000 | |||
Advances from FHLB | 5,500,000 | |||
Estimate of Fair Value Measurement [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 39,647,000 | 33,243,000 | 11,136,000 | |
Interest-bearing time deposits | 9,618,000 | 8,370,000 | 4,458,000 | |
Securities available for sale | 98,361,000 | 100,226,000 | 108,762,000 | |
Securities held to maturity | 5,000 | 6,000 | 9,000 | |
Loans held for sale | 1,708,000 | 1,641,000 | 1,644,000 | |
Loans, net | 298,602,000 | 301,864,000 | 287,753,000 | |
FHLB stock | 1,550,000 | 2,241,000 | 2,820,000 | |
Accrued interest receivable | 1,538,000 | 1,580,000 | 1,716,000 | |
Cost method investment (included in other assets) | 711,000 | 711,000 | 540,000 | |
Financial liabilities: | ||||
Deposits | 415,785,000 | 412,282,000 | 373,883,000 | |
Accrued interest payable | 94,000 | 127,000 | 192,000 | |
Financial liabilities: | ||||
Retail repurchase agreements | 9,310,000 | |||
Advances from FHLB | 5,500,000 | |||
Fair Value, Inputs, Level 1 [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 39,647,000 | 33,243,000 | 11,136,000 | |
Interest-bearing time deposits | 0 | 0 | 0 | |
Securities available for sale | 1,477,000 | 2,083,000 | 3,198,000 | |
Securities held to maturity | 0 | 0 | 0 | |
Loans held for sale | 0 | 0 | 0 | |
Loans, net | 0 | 0 | 0 | |
FHLB stock | 0 | 0 | 0 | |
Accrued interest receivable | 0 | 0 | 0 | |
Cost method investment (included in other assets) | 0 | 0 | 0 | |
Financial liabilities: | ||||
Deposits | 0 | 0 | 0 | |
Accrued interest payable | 0 | 0 | 0 | |
Financial liabilities: | ||||
Retail repurchase agreements | 0 | |||
Advances from FHLB | 0 | |||
Fair Value, Inputs, Level 2 [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 0 | 0 | 0 | |
Interest-bearing time deposits | 9,618,000 | 8,370,000 | 4,458,000 | |
Securities available for sale | 96,884,000 | 98,143,000 | 105,564,000 | |
Securities held to maturity | 5,000 | 6,000 | 9,000 | |
Loans held for sale | 1,708,000 | 1,641,000 | 1,644,000 | |
Loans, net | 0 | 0 | 0 | |
FHLB stock | 1,550,000 | 2,241,000 | 2,820,000 | |
Accrued interest receivable | 1,538,000 | 1,580,000 | 1,716,000 | |
Cost method investment (included in other assets) | 711,000 | 711,000 | 540,000 | |
Financial liabilities: | ||||
Deposits | 0 | 0 | 0 | |
Accrued interest payable | 94,000 | 127,000 | 192,000 | |
Financial liabilities: | ||||
Retail repurchase agreements | 9,310,000 | |||
Advances from FHLB | 5,500,000 | |||
Fair Value, Inputs, Level 3 [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 0 | 0 | 0 | |
Interest-bearing time deposits | 0 | 0 | 0 | |
Securities available for sale | 0 | 0 | 0 | |
Securities held to maturity | 0 | 0 | 0 | |
Loans held for sale | 0 | 0 | 0 | |
Loans, net | 298,602,000 | 301,864,000 | 287,753,000 | |
FHLB stock | 0 | 0 | 0 | |
Accrued interest receivable | 0 | 0 | 0 | |
Cost method investment (included in other assets) | 0 | 0 | 0 | |
Financial liabilities: | ||||
Deposits | 415,785,000 | 412,282,000 | 373,883,000 | |
Accrued interest payable | $ 0 | $ 0 | 0 | |
Financial liabilities: | ||||
Retail repurchase agreements | 0 | |||
Advances from FHLB | $ 0 |
Note 21 - Fair Value Measuremen
Note 21 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Recurring and Nonrecurring Basis - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 |
Securities available for sale: | |||
Securities Available For Sale | $ 98,361 | $ 100,226 | $ 108,762 |
Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 98,361 | 100,226 | 108,762 |
Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 3,289 | 3,688 | 5,391 |
Loans Held For Sale | 1,673 | 1,608 | 1,611 |
Foreclosed real estate: | |||
Foreclosed Real Estate | 567 | 78 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 34,338 | 32,296 | 18,369 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 34,338 | 32,296 | 18,369 |
Agency Collateralized Mortgage Obligations [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 11,462 | 14,385 | 20,241 |
Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 11,462 | 14,385 | 20,241 |
US Government Agencies Debt Securities [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 18,533 | 18,120 | 30,914 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 18,120 | 30,914 | |
Municipal Notes [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 32,551 | 33,342 | 36,040 |
Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 32,551 | 33,342 | 36,040 |
Mutual Funds [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 1,477 | 2,083 | 3,198 |
Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 1,477 | 2,083 | 3,198 |
Residential Mortgage Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 1,364 | 1,928 | |
Foreclosed real estate: | |||
Foreclosed Real Estate | 78 | 466 | |
Land Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 16 | 120 | |
Commercial Real Estate Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 1,808 | 2,441 | |
Commercial Business [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 349 | 639 | |
Home Equity And Second Mortgage [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 151 | 263 | |
Fair Value, Inputs, Level 1 [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 1,477 | 2,083 | 3,198 |
Impaired loans: | |||
Loans Held For Sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 1,477 | 2,083 | 3,198 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 0 | 0 | 0 |
Loans Held For Sale | 0 | 0 | 0 |
Foreclosed real estate: | |||
Foreclosed Real Estate | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 1,477 | 2,083 | 3,198 |
Fair Value, Inputs, Level 1 [Member] | Residential Mortgage Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 0 | 0 | |
Foreclosed real estate: | |||
Foreclosed Real Estate | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Land Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Commercial Real Estate Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Commercial Business [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 0 | 0 | |
Fair Value, Inputs, Level 1 [Member] | Home Equity And Second Mortgage [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 96,884 | 98,143 | 105,564 |
Impaired loans: | |||
Loans Held For Sale | 1,708 | 1,641 | 1,644 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 96,884 | 98,143 | 105,564 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 0 | 0 | 0 |
Loans Held For Sale | 1,673 | 1,608 | 1,611 |
Foreclosed real estate: | |||
Foreclosed Real Estate | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 34,338 | 32,296 | 18,369 |
Fair Value, Inputs, Level 2 [Member] | Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 11,462 | 14,385 | 20,241 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 18,120 | 30,914 | |
Fair Value, Inputs, Level 2 [Member] | Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 32,551 | 33,342 | 36,040 |
Fair Value, Inputs, Level 2 [Member] | Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Residential Mortgage Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 0 | 0 | |
Foreclosed real estate: | |||
Foreclosed Real Estate | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Land Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Commercial Real Estate Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Commercial Business [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | Home Equity And Second Mortgage [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 0 | 0 | 0 |
Impaired loans: | |||
Loans Held For Sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 3,289 | 3,688 | 5,391 |
Loans Held For Sale | 0 | 0 | 0 |
Foreclosed real estate: | |||
Foreclosed Real Estate | 567 | 78 | |
Fair Value, Inputs, Level 3 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 0 | 0 | |
Fair Value, Inputs, Level 3 [Member] | Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | |||
Securities available for sale: | |||
Securities Available For Sale | $ 0 | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Residential Mortgage Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 1,364 | 1,928 | |
Foreclosed real estate: | |||
Foreclosed Real Estate | 78 | 466 | |
Fair Value, Inputs, Level 3 [Member] | Land Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 16 | 120 | |
Fair Value, Inputs, Level 3 [Member] | Commercial Real Estate Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 1,808 | 2,441 | |
Fair Value, Inputs, Level 3 [Member] | Commercial Business [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | 349 | 639 | |
Fair Value, Inputs, Level 3 [Member] | Home Equity And Second Mortgage [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans: | |||
Impaired Loans | $ 151 | $ 263 |
Note 22 - Parent Company Con115
Note 22 - Parent Company Condensed Financial Information (Details) - Condensed Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
Assets: | ||||
Other assets | $ 3,577 | $ 3,151 | $ 2,868 | |
476,924 | 472,761 | 444,384 | ||
Liabilities and Equity: | ||||
Stockholders' equity | 58,309 | 57,121 | 53,227 | |
$ 476,924 | 472,761 | 444,384 | ||
Parent Company [Member] | ||||
Assets: | ||||
Cash and cash equivalents | 309 | 132 | $ 236 | |
Other assets | 911 | 670 | ||
Investment in subsidiaries | 55,906 | 52,430 | ||
57,126 | 53,232 | |||
Liabilities and Equity: | ||||
Accrued expenses | 5 | 5 | ||
Stockholders' equity | 57,121 | 53,227 | ||
$ 57,126 | $ 53,232 |
Note 22 - Parent Company Con116
Note 22 - Parent Company Condensed Financial Information (Details) - Condensed Statements of Income - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Note 22 - Parent Company Condensed Financial Information (Details) - Condensed Statements of Income [Line Items] | |||||||||||||
Dividend and other income | $ 30 | $ 26 | $ 52 | $ 65 | $ 114 | $ 99 | |||||||
Other operating expenses | (613) | (601) | (1,277) | (1,170) | (2,623) | (2,616) | |||||||
Income tax benefit | (487) | $ (450) | $ (611) | (692) | $ (559) | $ (534) | $ (653) | $ (557) | $ (511) | (956) | (1,251) | (2,312) | (2,255) |
Net income | $ 1,228 | $ 1,255 | $ 1,524 | $ 1,518 | $ 1,297 | $ 1,244 | $ 1,426 | $ 1,210 | $ 1,194 | $ 2,694 | $ 2,815 | 5,594 | 5,074 |
Parent Company [Member] | |||||||||||||
Note 22 - Parent Company Condensed Financial Information (Details) - Condensed Statements of Income [Line Items] | |||||||||||||
Dividend and other income | 4,120 | 2,847 | |||||||||||
Other operating expenses | (376) | (253) | |||||||||||
Income before income taxes and equity in undistributed net income of subsidiaries | 3,744 | 2,594 | |||||||||||
Income tax benefit | 145 | 98 | |||||||||||
Income before equity in undistributed net income of subsidiaries | 3,889 | 2,692 | |||||||||||
Equity in undistributed net income of subsidiaries | 1,705 | 2,382 | |||||||||||
Net income | $ 5,594 | $ 5,074 |
Note 22 - Parent Company Con117
Note 22 - Parent Company Condensed Financial Information (Details) - Condensed Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Operating Activities: | |||||||||||||
Net income | $ 1,232 | $ 1,258 | $ 1,527 | $ 1,522 | $ 1,300 | $ 1,247 | $ 1,429 | $ 1,214 | $ 1,197 | $ 2,701 | $ 2,822 | $ 5,607 | $ 5,087 |
Adjustments to reconcile net income to cash and cash equivalents provided by operating activities: | |||||||||||||
Net change in other assets and liabilities | (735) | (592) | (272) | 449 | |||||||||
Financing Activities: | |||||||||||||
Purchase of treasury stock | 0 | (844) | (908) | (19) | |||||||||
Cash dividends paid | (1,169) | (1,174) | (2,325) | (2,241) | |||||||||
Net increase (decrease) in cash and cash equivalents | 6,404 | 4,292 | 22,107 | (10,675) | |||||||||
Parent Company [Member] | |||||||||||||
Operating Activities: | |||||||||||||
Net income | 5,594 | 5,074 | |||||||||||
Adjustments to reconcile net income to cash and cash equivalents provided by operating activities: | |||||||||||||
Equity in undistributed net income of subsidiaries | (1,705) | (2,382) | |||||||||||
Net change in other assets and liabilities | (71) | (9) | |||||||||||
Net cash provided by operating activities | 3,818 | 2,683 | |||||||||||
Investing Activities: | |||||||||||||
Investment in captive insurance subsidiary | (250) | 0 | |||||||||||
Cost method equity investment | (171) | (540) | |||||||||||
Net cash used in investing activities | (421) | (540) | |||||||||||
Financing Activities: | |||||||||||||
Purchase of treasury stock | (908) | (19) | |||||||||||
Cash dividends paid | (2,312) | (2,228) | |||||||||||
Net cash used in financing activities | (3,220) | (2,247) | |||||||||||
Net increase (decrease) in cash and cash equivalents | 177 | (104) | |||||||||||
Cash and cash equivalents at beginning of year | $ 132 | $ 236 | $ 309 | $ 132 | 132 | 236 | |||||||
Cash and cash equivalents at end of year | $ 309 | $ 132 | $ 309 | $ 132 |
Note 23 - Supplemental Disclosu
Note 23 - Supplemental Disclosure for Earnings Per Share (Details) - Supplemental Disclosure for Earnings Per Share - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Earnings: | |||||||||||||
Net income attributable to First Capital, Inc. | $ 1,228 | $ 1,255 | $ 1,524 | $ 1,518 | $ 1,297 | $ 1,244 | $ 1,426 | $ 1,210 | $ 1,194 | $ 2,694 | $ 2,815 | $ 5,594 | $ 5,074 |
Shares: | |||||||||||||
Weighted average common shares outstanding | 2,755,588 | 2,784,690 | |||||||||||
Net income per common share attributable to First Capital, Inc., basic and diluted | $ 2.03 | $ 1.82 |
Note 24 - Supplemental Disclosu
Note 24 - Supplemental Disclosures of Cash Flow Information (Details) - Supplemental Disclosures of Cash Flow Information - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Cash payments for: | ||||
Interest | $ 516 | $ 632 | $ 1,209 | $ 1,751 |
Income taxes | 1,035 | 1,042 | 2,464 | 2,357 |
Noncash investing activities: | ||||
Transfers from loans to real estate acquired through foreclosure | $ 562 | $ 75 | 262 | 1,149 |
Proceeds from sales of foreclosed real estate financed through loans | $ 177 | $ 526 |
Note 25 - Selected Quarterly120
Note 25 - Selected Quarterly Financial Information (unaudited) (Details) - Selected Quarterly Financial Information (Unaudited) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
Jun. 30, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Mar. 31, 2013 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | Dec. 31, 2013 | |
Selected Quarterly Financial Information (Unaudited) [Abstract] | |||||||||||||
Interest income | $ 4,555 | $ 4,588 | $ 4,646 | $ 4,663 | $ 4,502 | $ 4,632 | $ 4,649 | $ 4,554 | $ 4,576 | $ 9,051 | $ 9,165 | $ 18,399 | $ 18,411 |
Interest expense | 239 | 269 | 280 | 297 | 298 | 347 | 408 | 440 | 458 | 482 | 595 | 1,144 | 1,653 |
Net interest income | 4,316 | 4,319 | 4,366 | 4,366 | 4,204 | 4,285 | 4,241 | 4,114 | 4,118 | 8,569 | 8,570 | 17,255 | 16,758 |
Provision for loan losses | 50 | 0 | 75 | 90 | 25 | 150 | 100 | 225 | 250 | 50 | 115 | 190 | 725 |
Net interest income after provision for loan losses | 4,266 | 4,319 | 4,291 | 4,276 | 4,179 | 4,135 | 4,141 | 3,889 | 3,868 | 8,519 | 8,455 | 17,065 | 16,033 |
Noninterest income | 1,214 | 1,232 | 1,438 | 1,287 | 979 | 1,079 | 1,211 | 1,188 | 1,162 | 2,578 | 2,266 | 4,936 | 4,640 |
Noninterest expenses | 3,761 | 3,843 | 3,591 | 3,349 | 3,299 | 3,433 | 3,270 | 3,306 | 3,322 | 7,440 | 6,648 | 14,082 | 13,331 |
Income before income taxes | 1,719 | 1,708 | 2,138 | 2,214 | 1,859 | 1,781 | 2,082 | 1,771 | 1,708 | 3,657 | 4,073 | 7,919 | 7,342 |
Income tax expense | 487 | 450 | 611 | 692 | 559 | 534 | 653 | 557 | 511 | 956 | 1,251 | 2,312 | 2,255 |
Net income | 1,232 | 1,258 | 1,527 | 1,522 | 1,300 | 1,247 | 1,429 | 1,214 | 1,197 | 2,701 | 2,822 | 5,607 | 5,087 |
Less: net income attributable to noncontrolling interest in subsidiary | 4 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 7 | 7 | 13 | 13 |
Net income attributable to First Capital, Inc. | $ 1,228 | $ 1,255 | $ 1,524 | $ 1,518 | $ 1,297 | $ 1,244 | $ 1,426 | $ 1,210 | $ 1,194 | $ 2,694 | $ 2,815 | $ 5,594 | $ 5,074 |
Earnings per common share attributable to First Capital, Inc.: | |||||||||||||
Basic (in Dollars per share) | $ 0.45 | $ 0.45 | $ 0.56 | $ 0.55 | $ 0.47 | $ 0.45 | $ 0.51 | $ 0.43 | $ 0.43 | $ 0.98 | $ 1.02 | $ 2.03 | $ 1.82 |
Diluted (in Dollars per share) | $ 0.45 | $ 0.45 | $ 0.56 | $ 0.55 | $ 0.47 | $ 0.45 | $ 0.51 | $ 0.43 | $ 0.43 | $ 0.98 | $ 1.02 | $ 2.03 | $ 1.82 |