Document_And_Entity_Informatio
Document And Entity Information | 3 Months Ended | |
Mar. 31, 2015 | Apr. 30, 2015 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | FIRST CAPITAL INC | |
Document Type | 10-Q | |
Current Fiscal Year End Date | -19 | |
Entity Common Stock, Shares Outstanding | 2,760,002 | |
Amendment Flag | FALSE | |
Entity Central Index Key | 1070296 | |
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 | 31-Mar-15 | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q1 |
Consolidated_Balance_Sheets_Un
Consolidated Balance Sheets (Unaudited) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
ASSETS | ||
Cash and due from banks | $10,225 | $13,653 |
Interest bearing deposits with banks | 894 | 865 |
Federal funds sold | 27,451 | 18,725 |
Total cash and cash equivalents | 38,570 | 33,243 |
Interest-bearing time deposits | 9,015 | 8,270 |
Securities available for sale, at fair value | 99,441 | 100,226 |
Securities-held to maturity | 6 | 6 |
Loans, net | 297,039 | 300,603 |
Loans held for sale | 165 | 1,608 |
Federal Home Loan Bank stock, at cost | 2,241 | 2,241 |
Foreclosed real estate | 541 | 78 |
Premises and equipment | 10,249 | 10,208 |
Accrued interest receivable | 1,571 | 1,580 |
Cash value of life insurance | 5,968 | 6,161 |
Goodwill | 5,386 | 5,386 |
Other assets | 2,737 | 3,151 |
Total Assets | 472,929 | 472,761 |
Deposits: | ||
Noninterest-bearing | 70,810 | 73,042 |
Interest-bearing | 340,420 | 339,594 |
Total deposits | 411,230 | 412,636 |
Accrued interest payable | 124 | 127 |
Accrued expenses and other liabilities | 3,165 | 2,765 |
Total liabilities | 414,519 | 415,528 |
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 3,183,916 shares, (3,164,416 in 2014); outstanding 2,760,002 shares, (2,740,502 in 2014) | 32 | 32 |
Additional paid-in capital | 24,791 | 24,313 |
Retained earnings-substantially restricted | 41,119 | 40,229 |
Unearned stock compensation | -461 | 0 |
Accumulated other comprehensive income | 1,067 | 800 |
Less treasury stock, at cost - 423,914 shares | -8,253 | -8,253 |
Total First Capital, Inc. stockholders' equity | 58,295 | 57,121 |
Noncontrolling interest in subsidiary | 115 | 112 |
Total equity | 58,410 | 57,233 |
Total Liabilities and Equity | $472,929 | $472,761 |
Consolidated_Balance_Sheets_Un1
Consolidated Balance Sheets (Unaudited) (Parentheticals) (USD $) | Mar. 31, 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 authorized shares | 5,000,000 | 5,000,000 |
Common stock issued shares | 3,183,916 | 3,164,416 |
Common stock outstanding shares | 2,760,002 | 2,740,502 |
Less treasury stock, at cost shares | 423,914 | 423,914 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, except Per Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Loans, including fees | $3,930 | $3,838 |
Securities: | ||
Taxable | 262 | 317 |
Tax-exempt | 246 | 290 |
Federal Home Loan Bank dividends | 22 | 39 |
Federal funds sold and interest bearing deposits with banks | 36 | 18 |
Total interest income | 4,496 | 4,502 |
INTEREST EXPENSE | ||
Deposits | 243 | 289 |
Retail repurchase agreements | 0 | 6 |
Advances from Federal Home Loan Bank | 0 | 3 |
Total interest expense | 243 | 298 |
Net interest income | 4,253 | 4,204 |
Provision for loan losses | 0 | 25 |
Net interest income after provision for loan losses | 4,253 | 4,179 |
NONINTEREST INCOME | ||
Service charges on deposit accounts | 774 | 723 |
Commission income | 99 | 78 |
Gain on sale of loans | 308 | 107 |
Mortgage brokerage fees | 13 | 5 |
Increase in cash value of life insurance | 33 | 37 |
Other income | 137 | 29 |
Total noninterest income | 1,364 | 979 |
NONINTEREST EXPENSE | ||
Compensation and benefits | 2,010 | 1,835 |
Occupancy and equipment | 311 | 319 |
Data processing | 424 | 367 |
Professional fees | 201 | 145 |
Advertising | 69 | 64 |
Other expenses | 664 | 569 |
Total noninterest expense | 3,679 | 3,299 |
Income before income taxes | 1,938 | 1,859 |
Income tax expense | 469 | 559 |
Net Income | 1,469 | 1,300 |
Less: net income attributable to the noncontrolling interest in subsidiary | 3 | 3 |
Net Income Attributable to First Capital, Inc. | $1,466 | $1,297 |
Earnings per common share attributable to First Capital, Inc.: | ||
Basic (in Dollars per share) | $0.53 | $0.47 |
Diluted (in Dollars per share) | $0.53 | $0.47 |
Dividends per share on common shares (in Dollars per share) | $0.21 | $0.21 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Net Income | $1,469 | $1,300 |
Unrealized gains on securities available for sale: | ||
Unrealized holding gains arising during the period | 439 | 971 |
Income tax expense | -172 | -382 |
Other Comprehensive Income, net of tax | 267 | 589 |
Comprehensive Income | 1,736 | 1,889 |
Less: comprehensive income attributable to the noncontrolling interest in subsidiary | 3 | 3 |
Comprehensive Income Attributable to First Capital, Inc. | $1,733 | $1,886 |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholdersb Equity (Unaudited) (USD $) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] | Deferred Compensation, Share-based Payments [Member] | Treasury Stock [Member] | Noncontrolling Interest [Member] | Total |
Balance at Dec. 31, 2013 | $32,000 | $24,313,000 | $36,947,000 | ($720,000) | $0 | ($7,345,000) | $112,000 | $53,339,000 |
Net Income | 0 | 0 | 1,297,000 | 0 | 0 | 0 | 3,000 | 1,300,000 |
Other comprehensive income (loss) | 0 | 0 | 0 | 589,000 | 0 | 0 | 0 | 589,000 |
Cash dividends | 0 | 0 | -585,000 | 0 | 0 | 0 | 0 | -585,000 |
Stock compensation expense | 0 | |||||||
Balance at Mar. 31, 2014 | 32,000 | 24,313,000 | 37,659,000 | -131,000 | 0 | -7,345,000 | 115,000 | 54,643,000 |
Balance at Dec. 31, 2014 | 32,000 | 24,313,000 | 40,229,000 | 800,000 | 0 | -8,253,000 | 112,000 | 57,233,000 |
Net Income | 0 | 0 | 1,466,000 | 0 | 0 | 0 | 3,000 | 1,469,000 |
Other comprehensive income (loss) | 0 | 0 | 0 | 267,000 | 0 | 0 | 0 | 267,000 |
Cash dividends | 0 | 0 | -576,000 | 0 | 0 | 0 | 0 | -576,000 |
Restricted stock grants | 0 | 478,000 | 0 | 0 | -478,000 | 0 | 0 | 0 |
Stock compensation expense | 0 | 0 | 0 | 0 | 17,000 | 0 | 0 | 17,000 |
Balance at Mar. 31, 2015 | $32,000 | $24,791,000 | $41,119,000 | $1,067,000 | ($461,000) | ($8,253,000) | $115,000 | $58,410,000 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Net income | $1,469 | $1,300 |
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 | 176 | 174 |
Depreciation and amortization expense | 171 | 172 |
Deferred income taxes | 351 | -30 |
Stock compensation expense | 17 | 0 |
Increase in cash value of life insurance | -33 | -37 |
Gain on life insurance | -110 | 0 |
Provision for loan losses | 0 | 25 |
Proceeds from sales of loans | 8,249 | 4,180 |
Loans originated for sale | -6,498 | -2,973 |
Gain on sale of loans | -308 | -107 |
Decrease in accrued interest receivable | 9 | 118 |
Decrease in accrued interest payable | -3 | -25 |
Net change in other assets/liabilities | 648 | 81 |
Net Cash Provided By Operating Activities | 4,138 | 2,878 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Investment in interest-bearing time deposits | -990 | 0 |
Proceeds from maturities and sales of interest-bearing time deposits | 245 | 0 |
Purchase of securities available for sale | -7,336 | -5,872 |
Proceeds from maturities of securities available for sale | 5,213 | 4,591 |
Principal collected on mortgage-backed obligations | 3,150 | 2,207 |
Net decrease in loans receivable | 3,101 | 1,283 |
Proceeds from sale of foreclosed real estate | 0 | 191 |
Purchase of premises and equipment | -212 | -221 |
Net Cash Provided By Investing Activities | 3,171 | 2,179 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net increase (decrease) in deposits | -1,406 | 9,258 |
Net decrease in advances from Federal Home Loan Bank | 0 | -5,500 |
Net decrease in retail repurchase agreements | 0 | -478 |
Dividends paid | -576 | -585 |
Net Cash Provided By (Used In) Financing Activities | -1,982 | 2,695 |
Net Increase in Cash and Cash Equivalents | 5,327 | 7,752 |
Cash and cash equivalents at beginning of period | 33,243 | 11,136 |
Cash and Cash Equivalents at End of Period | $38,570 | $18,888 |
Note_1_Presentation_of_Interim
Note 1 - Presentation of Interim Information | 3 Months Ended | |
Mar. 31, 2015 | ||
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 March 31, 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 March 31, 2015, and the results of operations and the cash flows for the three months ended March 31, 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. | ||
Note_2_Investment_Securities
Note 2 - Investment Securities | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Disclosure Text Block Supplement [Abstract] | |||||||||||||||||
Investments in Debt and Equity Instruments, Cash and Cash Equivalents, Unrealized and Realized Gains (Losses) [Text Block] | 2. | Investment Securities | |||||||||||||||
Debt and equity securities have been classified in the consolidated balance sheets according to management’s intent. Investment securities at March 31, 2015 and December 31, 2014 are summarized as follows: | |||||||||||||||||
(In thousands) | Amortized | Gross | Gross | Fair | |||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
31-Mar-15 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||
Agency mortgage-backed securities | $ | 31,857 | $ | 397 | $ | 27 | $ | 32,227 | |||||||||
Agency CMO | 12,705 | 83 | 60 | 12,728 | |||||||||||||
Other debt securities: | |||||||||||||||||
Agency notes and bonds | 21,226 | 60 | 5 | 21,281 | |||||||||||||
Municipal obligations | 31,904 | 1,263 | 57 | 33,110 | |||||||||||||
Subtotal - debt securities | 97,692 | 1,803 | 149 | 99,346 | |||||||||||||
Mutual funds | 95 | 0 | 0 | 95 | |||||||||||||
Total securities available for sale | $ | 97,787 | $ | 1,803 | $ | 149 | $ | 99,441 | |||||||||
Securities held to maturity: | |||||||||||||||||
Agency mortgage-backed securities | $ | 6 | $ | 0 | $ | 0 | $ | 6 | |||||||||
Total securities held to maturity | $ | 6 | $ | 0 | $ | 0 | $ | 6 | |||||||||
31-Dec-14 | |||||||||||||||||
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 March 31, 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 | ||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||
(In thousands) | |||||||||||||||||
Due in one year or less | $ | 1,074 | $ | 1,080 | $ | 0 | $ | 0 | |||||||||
Due after one year through five years | 19,274 | 19,405 | 0 | 0 | |||||||||||||
Due after five years through ten years | 20,009 | 20,537 | |||||||||||||||
Due after ten years | 12,773 | 13,369 | 0 | 0 | |||||||||||||
53,130 | 54,391 | 0 | 0 | ||||||||||||||
Mortgage-backed securities and CMO | 44,562 | 44,955 | 6 | 6 | |||||||||||||
$ | 97,692 | $ | 99,346 | $ | 6 | $ | 6 | ||||||||||
Information pertaining to investment securities available for sale with gross unrealized losses at March 31, 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 | |||||||||||||||
Investment | Value | Unrealized | |||||||||||||||
Positions | Losses | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Continuous loss position less than twelve months: | |||||||||||||||||
Agency notes and bonds | 1 | $ | 996 | $ | 3 | ||||||||||||
Agency CMO | 1 | 35 | 1 | ||||||||||||||
Agency mortgage-backed securities | 1 | 1,165 | 2 | ||||||||||||||
Muncipal obligations | 9 | 2,680 | 15 | ||||||||||||||
Total less than twelve months | 12 | 4,876 | 21 | ||||||||||||||
Continuous loss position more than twelve months: | |||||||||||||||||
Agency notes and bonds | 1 | 1,001 | 2 | ||||||||||||||
Agency CMO | 9 | 6,997 | 59 | ||||||||||||||
Agency mortgage-backed securities | 4 | 4,617 | 25 | ||||||||||||||
Muncipal obligations | 5 | 2,353 | 42 | ||||||||||||||
Total more than twelve months | 19 | 14,968 | 128 | ||||||||||||||
Total securities available for saleW | 31 | $ | 19,844 | $ | 149 | ||||||||||||
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 March 31, 2015, the 31 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 0.7% 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. | |||||||||||||||||
While management does not anticipate any credit-related impairment losses at March 31, 2015, additional deterioration in market and economic conditions may have an adverse impact on credit quality in the future. | |||||||||||||||||
The Company did not sell any securities during the three months ended March 31, 2015 or March 31, 2014. | |||||||||||||||||
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. | |||||||||||||||||
Note_3_Loans_and_Allowance_for
Note 3 - Loans and Allowance for Loan Losses | 3 Months Ended | ||||||||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||||||||
Receivables [Abstract] | |||||||||||||||||||||||||||||||||
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 3. | 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 March 31, 2015, the Company had thirteen loans on which partial charge-offs of $499,000 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 twenty 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 March 31, 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 March 31, 2015, the recorded investments in loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $192,000. | |||||||||||||||||||||||||||||||||
Loans at March 31, 2015 and December 31, 2014 consisted of the following: | |||||||||||||||||||||||||||||||||
(In thousands) | March 31, | December 31, | |||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
Real estate mortgage loans: | |||||||||||||||||||||||||||||||||
Residential | $ | 103,923 | $ | 106,679 | |||||||||||||||||||||||||||||
Land | 11,070 | 11,028 | |||||||||||||||||||||||||||||||
Residential construction | 12,122 | 10,347 | |||||||||||||||||||||||||||||||
Commercial real estate | 77,798 | 78,314 | |||||||||||||||||||||||||||||||
Commercial real estate contruction | 1,307 | 1,422 | |||||||||||||||||||||||||||||||
Commercial business loans | 25,004 | 28,282 | |||||||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||||||
Home equity and second mortgage loans | 37,958 | 37,513 | |||||||||||||||||||||||||||||||
Automobile loans | 26,144 | 25,274 | |||||||||||||||||||||||||||||||
Loans secured by savings accounts | 916 | 1,018 | |||||||||||||||||||||||||||||||
Unsecured loans | 3,212 | 3,316 | |||||||||||||||||||||||||||||||
Other consumer loans | 5,404 | 5,075 | |||||||||||||||||||||||||||||||
Gross loans | 304,858 | 308,268 | |||||||||||||||||||||||||||||||
Less undisbursed portion of loans in process | (4,698 | ) | (3,325 | ) | |||||||||||||||||||||||||||||
Principal loan balance | 300,160 | 304,943 | |||||||||||||||||||||||||||||||
Deferred loan origination fees, net | 513 | 506 | |||||||||||||||||||||||||||||||
Allowance for loan losses | (3,634 | ) | (4,846 | ) | |||||||||||||||||||||||||||||
Loans, net | $ | 297,039 | $ | 300,603 | |||||||||||||||||||||||||||||
The following table provides the components of the Company’s recorded investment in loans at March 31, 2015: | |||||||||||||||||||||||||||||||||
Residential | Land | Construction | Commercial | Commercial | Home Equity & | Other | Total | ||||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Recorded Investment in Loans: | |||||||||||||||||||||||||||||||||
Principal loan balance | $ | 103,923 | $ | 11,070 | $ | 8,731 | $ | 77,798 | $ | 25,004 | $ | 37,958 | $ | 35,676 | $ | 300,160 | |||||||||||||||||
Accrued interest receivable | 366 | 32 | 21 | 194 | 101 | 131 | 142 | 987 | |||||||||||||||||||||||||
Net deferred loan origination fees and costs | 50 | 5 | (1 | ) | (27 | ) | (7 | ) | 493 | 0 | 513 | ||||||||||||||||||||||
Recorded investment in loans | $ | 104,339 | $ | 11,107 | $ | 8,751 | $ | 77,965 | $ | 25,098 | $ | 38,582 | $ | 35,818 | $ | 301,660 | |||||||||||||||||
Recorded Investment in Loans as Evaluated for Impairment: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,415 | $ | 19 | $ | 0 | $ | 1,813 | $ | 61 | $ | 146 | $ | 0 | $ | 3,454 | |||||||||||||||||
Collectively evaluated for impairment | 102,924 | 11,088 | 8,751 | 76,152 | 25,037 | 38,436 | 35,818 | 298,206 | |||||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Ending balance | $ | 104,339 | $ | 11,107 | $ | 8,751 | $ | 77,965 | $ | 25,098 | $ | 38,582 | $ | 35,818 | $ | 301,660 | |||||||||||||||||
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 | ||||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(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 March 31, 2015 is as follows: | |||||||||||||||||||||||||||||||||
Residential | Land | Construction | Commercial | Commercial | Home Equity & | Other | Total | ||||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 44 | $ | 0 | $ | 0 | $ | 9 | $ | 35 | $ | 0 | $ | 0 | $ | 88 | |||||||||||||||||
Collectively evaluated for impairment | 628 | 197 | 65 | 1,453 | 204 | 716 | 283 | 3,546 | |||||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Ending balance | $ | 672 | $ | 197 | $ | 65 | $ | 1,462 | $ | 239 | $ | 716 | $ | 283 | $ | 3,634 | |||||||||||||||||
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 | ||||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(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 ended March 31, 2015 is as follows: | |||||||||||||||||||||||||||||||||
Residential | Land | Construction | Commercial | Commercial | Home Equity & | Other | Total | ||||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Changes in Allowance for Loan Losses for the three-months ended March 31, 2015 | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 609 | $ | 201 | $ | 60 | $ | 1,501 | $ | 1,480 | $ | 720 | $ | 275 | $ | 4,846 | |||||||||||||||||
Provisions for loan losses | 81 | (4 | ) | 5 | (47 | ) | (59 | ) | (8 | ) | 32 | 0 | |||||||||||||||||||||
Charge-offs | (20 | ) | 0 | 0 | 0 | (1,183 | ) | (1 | ) | (52 | ) | (1,256 | ) | ||||||||||||||||||||
Recoveries | 2 | 0 | 0 | 8 | 1 | 5 | 28 | 44 | |||||||||||||||||||||||||
Ending balance | $ | 672 | $ | 197 | $ | 65 | $ | 1,462 | $ | 239 | $ | 716 | $ | 283 | $ | 3,634 | |||||||||||||||||
An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2014 is as follows: | |||||||||||||||||||||||||||||||||
Residential | Land | Construction | Commercial | Commercial | Home Equity & | Other | Total | ||||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Changes in Allowance for Loan Losses for the three-months ended March 31, 2014 | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 811 | $ | 152 | $ | 63 | $ | 1,284 | $ | 1,446 | $ | 877 | $ | 289 | $ | 4,922 | |||||||||||||||||
Provisions for loan losses | 88 | (8 | ) | 7 | (8 | ) | 3 | (111 | ) | 54 | 25 | ||||||||||||||||||||||
Charge-offs | (63 | ) | 0 | 0 | 0 | 0 | (18 | ) | (52 | ) | (133 | ) | |||||||||||||||||||||
Recoveries | 2 | 0 | 0 | 0 | 1 | 154 | 40 | 197 | |||||||||||||||||||||||||
Ending balance | $ | 838 | $ | 144 | $ | 70 | $ | 1,276 | $ | 1,450 | $ | 902 | $ | 331 | $ | 5,011 | |||||||||||||||||
At March 31, 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 $1.6 million at March 31, 2015 and December 31, 2014. These changes were made to reflect management’s estimates of inherent losses in these portfolio segments at March 31, 2015 and December 31, 2014. | |||||||||||||||||||||||||||||||||
At March 31, 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 March 31, 2015 and December 31, 2014, respectively. The effect of the overall qualitative factor was to increase the estimated allowance for loan losses by $515,000 and $520,000 at March 31, 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 March 31, 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 $642,000 and $664,000 at March 31, 2015 and December 31, 2014, respectively. | |||||||||||||||||||||||||||||||||
The following table summarizes the Company’s impaired loans as of March 31, 2015 and for the three months ended March 31, 2015 and 2014. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three month periods ended March 31, 2015 and 2014. | |||||||||||||||||||||||||||||||||
At March 31, 2015 | Three Months Ended March 31, 2015 | Three Months Ended March 31, 2014 | |||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Average | Interest | Average | Interest | |||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | Recorded | Income | |||||||||||||||||||||||||||
Balance | Investment | Recognized | Investment | Recognized | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||||||
Residential | $ | 1,205 | $ | 1,537 | $ | 0 | $ | 1,245 | $ | 5 | $ | 1,482 | $ | 10 | |||||||||||||||||||
Land | 19 | 21 | 0 | 18 | 0 | 119 | 0 | ||||||||||||||||||||||||||
Construction | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
Commercial real estate | 1,774 | 1,808 | 0 | 1,781 | 19 | 1,715 | 17 | ||||||||||||||||||||||||||
Commercial business | 26 | 26 | 0 | 13 | 0 | 189 | 0 | ||||||||||||||||||||||||||
Home equity/2nd mortgage | 66 | 83 | 0 | 69 | 0 | 226 | 1 | ||||||||||||||||||||||||||
Other consumer | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
3,090 | 3,475 | 0 | 3,126 | 24 | 3,731 | 28 | |||||||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||||||
Residential | 210 | 245 | 44 | 240 | 0 | 357 | 0 | ||||||||||||||||||||||||||
Land | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
Construction | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
Commercial real estate | 39 | 63 | 9 | 41 | 0 | 940 | 0 | ||||||||||||||||||||||||||
Commercial business | 35 | 35 | 35 | 839 | 0 | 1,709 | 0 | ||||||||||||||||||||||||||
Home equity/2nd mortgage | 80 | 98 | 0 | 80 | 0 | 18 | 0 | ||||||||||||||||||||||||||
Other consumer | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
364 | 441 | 88 | 1,200 | 0 | 3,024 | 0 | |||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Residential | 1,415 | 1,782 | 44 | 1,485 | 5 | 1,839 | 10 | ||||||||||||||||||||||||||
Land | 19 | 21 | 0 | 18 | 0 | 119 | 0 | ||||||||||||||||||||||||||
Construction | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
Commercial real estate | 1,813 | 1,871 | 9 | 1,822 | 19 | 2,655 | 17 | ||||||||||||||||||||||||||
Commercial business | 61 | 61 | 35 | 852 | 0 | 1,898 | 0 | ||||||||||||||||||||||||||
Home equity/2nd mortgage | 146 | 181 | 0 | 149 | 0 | 244 | 1 | ||||||||||||||||||||||||||
Other consumer | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
$ | 3,454 | $ | 3,916 | $ | 88 | $ | 4,326 | $ | 24 | $ | 6,755 | $ | 28 | ||||||||||||||||||||
The following table summarizes the Company’s impaired loans as of December 31, 2014: | |||||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | |||||||||||||||||||||||||||||||
Investment | Principal | Allowance | |||||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||||||
(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 March 31, 2015 and December 31, 2014: | |||||||||||||||||||||||||||||||||
31-Mar-15 | 31-Dec-14 | ||||||||||||||||||||||||||||||||
Nonaccrual | Loans 90+ Days | Total | Nonaccrual | Loans 90+ Days | Total | ||||||||||||||||||||||||||||
Loans | Past Due | Nonperforming | Loans | Past Due | Nonperforming | ||||||||||||||||||||||||||||
Still Accruing | Loans | Still Accruing | Loans | ||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Residential | $ | 1,066 | $ | 0 | $ | 1,066 | $ | 919 | $ | 68 | $ | 987 | |||||||||||||||||||||
Land | 19 | 0 | 19 | 16 | 0 | 16 | |||||||||||||||||||||||||||
Construction | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Commercial real estate | 437 | 0 | 437 | 433 | 0 | 433 | |||||||||||||||||||||||||||
Commercial business | 61 | 0 | 61 | 1,642 | 0 | 1,642 | |||||||||||||||||||||||||||
Home equity/2nd mortgage | 126 | 0 | 126 | 129 | 14 | 143 | |||||||||||||||||||||||||||
Other consumer | 0 | 32 | 32 | 0 | 3 | 3 | |||||||||||||||||||||||||||
Total | $ | 1,709 | $ | 32 | $ | 1,741 | $ | 3,139 | $ | 85 | $ | 3,224 | |||||||||||||||||||||
The following table presents the aging of the recorded investment in loans at March 31, 2015: | |||||||||||||||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days or More | Total | Current | Total | ||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Loans | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Residential | $ | 2,544 | $ | 191 | $ | 576 | $ | 3,311 | $ | 101,028 | $ | 104,339 | |||||||||||||||||||||
Land | 130 | 0 | 19 | 149 | 10,958 | 11,107 | |||||||||||||||||||||||||||
Construction | 0 | 0 | 0 | 0 | 8,751 | 8,751 | |||||||||||||||||||||||||||
Commercial real estate | 1,970 | 0 | 52 | 2,022 | 75,943 | 77,965 | |||||||||||||||||||||||||||
Commercial business | 5 | 0 | 61 | 66 | 25,032 | 25,098 | |||||||||||||||||||||||||||
Home equity/2nd mortgage | 241 | 12 | 83 | 336 | 38,246 | 38,582 | |||||||||||||||||||||||||||
Other consumer | 142 | 15 | 32 | 189 | 35,629 | 35,818 | |||||||||||||||||||||||||||
Total | $ | 5,032 | $ | 218 | $ | 823 | $ | 6,073 | $ | 295,587 | $ | 301,660 | |||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Loans | |||||||||||||||||||||||||||||
(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: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. | |||||||||||||||||||||||||||||||||
Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. | |||||||||||||||||||||||||||||||||
Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. | |||||||||||||||||||||||||||||||||
Loss: Loans classified as loss are considered uncollectible and of such little value that their continuance on the institution’s books as an asset is not warranted. | |||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
31-Mar-15 | |||||||||||||||||||||||||||||||||
Pass | $ | 101,845 | $ | 8,050 | $ | 8,011 | $ | 73,572 | $ | 24,440 | $ | 38,359 | $ | 35,765 | $ | 290,042 | |||||||||||||||||
Special Mention | 102 | 93 | 740 | 1,659 | 268 | 2 | 37 | 2,901 | |||||||||||||||||||||||||
Substandard | 1,326 | 2,945 | 0 | 2,297 | 329 | 95 | 16 | 7,008 | |||||||||||||||||||||||||
Doubtful | 1,066 | 19 | 0 | 437 | 61 | 126 | 0 | 1,709 | |||||||||||||||||||||||||
Loss | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Total | $ | 104,339 | $ | 11,107 | $ | 8,751 | $ | 77,965 | $ | 25,098 | $ | 38,582 | $ | 35,818 | $ | 301,660 | |||||||||||||||||
31-Dec-14 | |||||||||||||||||||||||||||||||||
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 March 31, 2015 and December 31, 2014: | |||||||||||||||||||||||||||||||||
31-Mar-15 | 31-Dec-14 | ||||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | Related Allowance | Accruing | Nonaccrual | Total | Related Allowance | ||||||||||||||||||||||||||
for Loan Losses | for Loan Losses | ||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Residential real estate | $ | 350 | $ | 303 | $ | 653 | $ | 5 | $ | 492 | $ | 166 | $ | 658 | $ | 6 | |||||||||||||||||
Commercial real estate | 1,376 | 335 | 1,711 | 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 | $ | 1,747 | $ | 638 | $ | 2,385 | $ | 5 | $ | 1,900 | $ | 2,146 | $ | 4,046 | $ | 1,298 | |||||||||||||||||
At March 31, 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 months ended March 31, 2015. The following table summarizes information in regard to TDRs that were restructured during the three months ended March 31, 2014: | |||||||||||||||||||||||||||||||||
Three months ended March 31, 2014 | |||||||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | |||||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||
(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 ended March 31, 2014 and there was no specific allowance for loan losses related to TDRs modified during the three months ended March 31, 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 ended March 31, 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. | |||||||||||||||||||||||||||||||||
Note_4_Supplemental_Disclosure
Note 4 - Supplemental Disclosure for Earnings Per Share | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Earnings Per Share [Abstract] | |||||||||
Earnings Per Share [Text Block] | 4. Supplemental Disclosure for Earnings Per Share | ||||||||
Three Months Ended | |||||||||
31-Mar-15 | 31-Mar-14 | ||||||||
Basic and Diluted: | (Dollars in thousands, except for share and per share data) | ||||||||
Earnings: | |||||||||
Net income attributable to First Capital, Inc. | $ | 1,466 | $ | 1,297 | |||||
Shares: | |||||||||
Weighted average common shares outstanding | 2,740,502 | 2,784,088 | |||||||
Net income attributable to First Capital, Inc. per common share, basic and diluted | $ | 0.53 | $ | 0.47 | |||||
There were no potentially dilutive shares for the three month periods ended March 31, 2015 and 2014. | |||||||||
Note_5_Stock_Option_Plan
Note 5 - Stock Option Plan | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 5. 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 March 31, 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 over a five-year period from the grant date. 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 period ended March 31, 2015 amounted to $17,000. | |||||||||
A summary of the Company’s nonvested restricted shares activity under the Plan as of March 31, 2015 and changes during the three-month period then ended is presented below. | |||||||||
Number | Weighted | ||||||||
of | Average | ||||||||
Shares | Grant Date | ||||||||
Fair Value | |||||||||
Nonvested at January 1, 2015 | - | - | |||||||
Granted | 19,500 | $ | 24.5 | ||||||
Vested | - | - | |||||||
Forfeited | - | - | |||||||
Nonvested at March 31, 2015 | 19,500 | $ | 24.5 | ||||||
At March 31, 2015, there was $461,000 of total unrecognized compensation expense related to nonvested restricted shares. The compensation expense is expected to be recognized over the remaining vesting period of 4.9 years. | |||||||||
Note_6_Supplemental_Disclosure
Note 6 - Supplemental Disclosures of Cash Flow Information | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Supplemental Cash Flow Elements [Abstract] | |||||||||
Cash Flow, Supplemental Disclosures [Text Block] | 6. Supplemental Disclosures of Cash Flow Information | ||||||||
Three Months Ended March 31, | |||||||||
2015 | 2014 | ||||||||
(In thousands) | |||||||||
Cash payments for: | |||||||||
Interest | $ | 246 | $ | 323 | |||||
Taxes | 0 | 24 | |||||||
Noncash investing activities: | |||||||||
Transfers from loans to real estate acquired through foreclosure | 480 | 58 | |||||||
Note_7_Fair_Value_Measurements
Note 7 - Fair Value Measurements | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | |||||||||||||||||||||
Fair Value Disclosures [Text Block] | 7 | Fair Value Measurements | |||||||||||||||||||
Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 820, Fair Value Measurements, provides the framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy under FASB ASC Topic 820 are described as follows: | |||||||||||||||||||||
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. | ||||||||||||||||||||
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 March 31, 2015 and December 31, 2014. The Company had no liabilities measured at fair value as of March 31, 2015 or December 31, 2014. | |||||||||||||||||||||
Carrying Value | |||||||||||||||||||||
(In thousands) | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||||
31-Mar-15 | |||||||||||||||||||||
Assets Measured on a Recurring Basis | |||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||
Agency mortgage-backed securities | $ | 0 | $ | 32,227 | $ | 0 | $ | 32,227 | |||||||||||||
Agency CMO | 0 | 12,728 | 0 | 12,728 | |||||||||||||||||
Agency notes and bonds | 0 | 21,281 | 0 | 21,281 | |||||||||||||||||
Municipal obligations | 0 | 33,110 | 0 | 33,110 | |||||||||||||||||
Mutual funds | 95 | 0 | 0 | 95 | |||||||||||||||||
Total securities available for sale | $ | 95 | $ | 99,346 | $ | 0 | $ | 99,441 | |||||||||||||
Assets Measured on a Nonrecurring Basis | |||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||
Residential real estate | $ | 0 | $ | 0 | $ | 1,371 | $ | 1,371 | |||||||||||||
Land | 0 | 0 | 19 | 19 | |||||||||||||||||
Construction | 0 | 0 | 0 | 0 | |||||||||||||||||
Commercial real estate | 0 | 0 | 1,804 | 1,804 | |||||||||||||||||
Commercial business | 0 | 0 | 26 | 26 | |||||||||||||||||
Home equity and second mortgage | 0 | 0 | 146 | 146 | |||||||||||||||||
Total impaired loans | $ | 0 | $ | 0 | $ | 3,366 | $ | 3,366 | |||||||||||||
Loans held for sale | $ | 0 | $ | 165 | $ | 0 | $ | 165 | |||||||||||||
Foreclosed real estate: | |||||||||||||||||||||
Residential real estate | $ | 0 | $ | 0 | $ | 61 | $ | 61 | |||||||||||||
Commercial real estate | 0 | 0 | 480 | 480 | |||||||||||||||||
Total foreclosed real estate | $ | 0 | $ | 0 | $ | 541 | $ | 541 | |||||||||||||
31-Dec-14 | |||||||||||||||||||||
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. Securities classified as available for sale are reported at fair value on a recurring basis. These securities are classified as Level 1 of the valuation hierarchy where quoted market prices from reputable third-party brokers are available in an active market. If quoted market prices are not available, the Company obtains fair value measurements from an independent pricing service. These securities are reported using Level 2 inputs 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. Changes in fair value of securities available for sale are recorded in other comprehensive income, net of income tax effect. | |||||||||||||||||||||
Impaired Loans. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly. The fair value of impaired loans is classified as Level 3 in the fair value hierarchy. | |||||||||||||||||||||
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 March 31, 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, 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 March 31, 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 48%. The Company recognized provisions for loan losses of $35,000 and $13,000 for the three months ended March 31, 2015 and 2014, respectively, for impaired loans. | |||||||||||||||||||||
Loans Held for Sale. Loans held for sale are carried at the lower of cost or market value. The portfolio is comprised of residential real estate loans and fair value is based on specific prices of underlying contracts for sales to investors. These measurements are classified as Level 2 in the fair value hierarchy. | |||||||||||||||||||||
Foreclosed Real Estate. Foreclosed real estate is reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly. The fair value of foreclosed real estate is classified as Level 3 in the fair value hierarchy. | |||||||||||||||||||||
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 March 31, 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 28% to 60%, with a weighted average of 31%. 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 to fair value for the three month periods ended March 31, 2015 or March 31, 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 three month periods ended March 31, 2015 and 2014. There were no transfers into or out of the Company’s Level 3 financial assets for the three month periods ended March 31, 2015 and 2014. In addition, there were no transfers into or out of Levels 1 and 2 of the fair value hierarchy during the three month periods ended March 31, 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 | ||||||||||||||||
31-Mar-15 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 38,570 | $ | 38,570 | $ | 38,570 | $ | 0 | $ | 0 | |||||||||||
Interest-bearing time deposits | 9,015 | 9,124 | 0 | 9,124 | 0 | ||||||||||||||||
Securities available for sale | 99,441 | 99,441 | 95 | 99,346 | 0 | ||||||||||||||||
Securities held to maturity | 6 | 6 | 0 | 6 | 0 | ||||||||||||||||
Loans held for sale | 165 | 168 | 0 | 168 | 0 | ||||||||||||||||
Loans, net | 297,039 | 299,232 | 0 | 0 | 299,232 | ||||||||||||||||
FHLB stock | 2,241 | 2,241 | 0 | 2,241 | 0 | ||||||||||||||||
Accrued interest receivable | 1,571 | 1,571 | 0 | 1,571 | 0 | ||||||||||||||||
Cost method investment (included in other assets) | 711 | 711 | 0 | 711 | 0 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | 411,230 | 410,909 | 0 | 0 | 410,909 | ||||||||||||||||
Accrued interest payable | 124 | 124 | 0 | 124 | 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. | |||||||||||||||||||||
Note_8_Recent_Accounting_Prono
Note 8 - Recent Accounting Pronouncements | 3 Months Ended | |
Mar. 31, 2015 | ||
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | ||
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | 8 | Recent Accounting Pronouncements |
The following are summaries of recently issued 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. The objective of the amendments in this update is to reduce diversity in practice by clarifying when an in-substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized. The amendments in the update clarify that an in-substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure, or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor, and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in the update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The adoption of this update did not have a material impact on the Company’s financial position or results of operations. | ||
In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). The update provides a five-step revenue recognition model for all revenue arising from contracts with customers and affects all entities that enter into contracts to provide goods or services to their customers (unless the contracts are included in the scope of other standards). The guidance requires an entity to recognize the revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. For public entities, the guidance is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period, and must be applied either retrospectively or using the modified retrospective approach. Early adoption is not permitted. Management is evaluating the new guidance, but does not expect the adoption of this guidance to have a material impact on the Company’s consolidated financial position or results of operations. | ||
In August 2014, the FASB issued ASU No. 2014-14, Trouble Debt Restructurings by Creditors (Subtopic 310-40). The update addresses the classification of certain foreclosed mortgage loans held by creditors that are either fully or partially guaranteed under government programs (e.g. FHA, VA, HUD). For public entities, the guidance is effective for annual reporting periods, and interim periods within those annual periods, beginning after December 15, 2014. The adoption of this update did not have a material impact on the Company’s consolidated financial position or results of operations. | ||
Note_2_Investment_Securities_T
Note 2 - Investment Securities (Tables) | 3 Months Ended | ||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||
Disclosure Text Block Supplement [Abstract] | |||||||||||||||||
Marketable Securities [Table Text Block] | (In thousands) | Amortized | Gross | Gross | Fair | ||||||||||||
Cost | Unrealized | Unrealized | Value | ||||||||||||||
Gains | Losses | ||||||||||||||||
31-Mar-15 | |||||||||||||||||
Securities available for sale: | |||||||||||||||||
Agency mortgage-backed securities | $ | 31,857 | $ | 397 | $ | 27 | $ | 32,227 | |||||||||
Agency CMO | 12,705 | 83 | 60 | 12,728 | |||||||||||||
Other debt securities: | |||||||||||||||||
Agency notes and bonds | 21,226 | 60 | 5 | 21,281 | |||||||||||||
Municipal obligations | 31,904 | 1,263 | 57 | 33,110 | |||||||||||||
Subtotal - debt securities | 97,692 | 1,803 | 149 | 99,346 | |||||||||||||
Mutual funds | 95 | 0 | 0 | 95 | |||||||||||||
Total securities available for sale | $ | 97,787 | $ | 1,803 | $ | 149 | $ | 99,441 | |||||||||
Securities held to maturity: | |||||||||||||||||
Agency mortgage-backed securities | $ | 6 | $ | 0 | $ | 0 | $ | 6 | |||||||||
Total securities held to maturity | $ | 6 | $ | 0 | $ | 0 | $ | 6 | |||||||||
31-Dec-14 | |||||||||||||||||
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 | |||||||||
Investments Classified by Contractual Maturity Date [Table Text Block] | Securities Available for Sale | Securities Held to Maturity | |||||||||||||||
Amortized | Fair | Amortized | Fair | ||||||||||||||
Cost | Value | Cost | Value | ||||||||||||||
(In thousands) | |||||||||||||||||
Due in one year or less | $ | 1,074 | $ | 1,080 | $ | 0 | $ | 0 | |||||||||
Due after one year through five years | 19,274 | 19,405 | 0 | 0 | |||||||||||||
Due after five years through ten years | 20,009 | 20,537 | |||||||||||||||
Due after ten years | 12,773 | 13,369 | 0 | 0 | |||||||||||||
53,130 | 54,391 | 0 | 0 | ||||||||||||||
Mortgage-backed securities and CMO | 44,562 | 44,955 | 6 | 6 | |||||||||||||
$ | 97,692 | $ | 99,346 | $ | 6 | $ | 6 | ||||||||||
Schedule of Unrealized Loss on Investments [Table Text Block] | Number of | Fair | Gross | ||||||||||||||
Investment | Value | Unrealized | |||||||||||||||
Positions | Losses | ||||||||||||||||
(Dollars in thousands) | |||||||||||||||||
Continuous loss position less than twelve months: | |||||||||||||||||
Agency notes and bonds | 1 | $ | 996 | $ | 3 | ||||||||||||
Agency CMO | 1 | 35 | 1 | ||||||||||||||
Agency mortgage-backed securities | 1 | 1,165 | 2 | ||||||||||||||
Muncipal obligations | 9 | 2,680 | 15 | ||||||||||||||
Total less than twelve months | 12 | 4,876 | 21 | ||||||||||||||
Continuous loss position more than twelve months: | |||||||||||||||||
Agency notes and bonds | 1 | 1,001 | 2 | ||||||||||||||
Agency CMO | 9 | 6,997 | 59 | ||||||||||||||
Agency mortgage-backed securities | 4 | 4,617 | 25 | ||||||||||||||
Muncipal obligations | 5 | 2,353 | 42 | ||||||||||||||
Total more than twelve months | 19 | 14,968 | 128 | ||||||||||||||
Total securities available for saleW | 31 | $ | 19,844 | $ | 149 |
Note_3_Loans_and_Allowance_for1
Note 3 - Loans and Allowance for Loan Losses (Tables) | 3 Months Ended | ||||||||||||||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||||||||||||||
Note 3 - Loans and Allowance for Loan Losses (Tables) [Line Items] | |||||||||||||||||||||||||||||||||
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (In thousands) | March 31, | December 31, | ||||||||||||||||||||||||||||||
2015 | 2014 | ||||||||||||||||||||||||||||||||
Real estate mortgage loans: | |||||||||||||||||||||||||||||||||
Residential | $ | 103,923 | $ | 106,679 | |||||||||||||||||||||||||||||
Land | 11,070 | 11,028 | |||||||||||||||||||||||||||||||
Residential construction | 12,122 | 10,347 | |||||||||||||||||||||||||||||||
Commercial real estate | 77,798 | 78,314 | |||||||||||||||||||||||||||||||
Commercial real estate contruction | 1,307 | 1,422 | |||||||||||||||||||||||||||||||
Commercial business loans | 25,004 | 28,282 | |||||||||||||||||||||||||||||||
Consumer loans: | |||||||||||||||||||||||||||||||||
Home equity and second mortgage loans | 37,958 | 37,513 | |||||||||||||||||||||||||||||||
Automobile loans | 26,144 | 25,274 | |||||||||||||||||||||||||||||||
Loans secured by savings accounts | 916 | 1,018 | |||||||||||||||||||||||||||||||
Unsecured loans | 3,212 | 3,316 | |||||||||||||||||||||||||||||||
Other consumer loans | 5,404 | 5,075 | |||||||||||||||||||||||||||||||
Gross loans | 304,858 | 308,268 | |||||||||||||||||||||||||||||||
Less undisbursed portion of loans in process | (4,698 | ) | (3,325 | ) | |||||||||||||||||||||||||||||
Principal loan balance | 300,160 | 304,943 | |||||||||||||||||||||||||||||||
Deferred loan origination fees, net | 513 | 506 | |||||||||||||||||||||||||||||||
Allowance for loan losses | (3,634 | ) | (4,846 | ) | |||||||||||||||||||||||||||||
Loans, net | $ | 297,039 | $ | 300,603 | |||||||||||||||||||||||||||||
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | Residential | Land | Construction | Commercial | Commercial | Home Equity & | Other | Total | |||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Ending allowance balance attributable to loans: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 44 | $ | 0 | $ | 0 | $ | 9 | $ | 35 | $ | 0 | $ | 0 | $ | 88 | |||||||||||||||||
Collectively evaluated for impairment | 628 | 197 | 65 | 1,453 | 204 | 716 | 283 | 3,546 | |||||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Ending balance | $ | 672 | $ | 197 | $ | 65 | $ | 1,462 | $ | 239 | $ | 716 | $ | 283 | $ | 3,634 | |||||||||||||||||
Residential | Land | Construction | Commercial | Commercial | Home Equity & | Other | Total | ||||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(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 | ||||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Changes in Allowance for Loan Losses for the three-months ended March 31, 2015 | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 609 | $ | 201 | $ | 60 | $ | 1,501 | $ | 1,480 | $ | 720 | $ | 275 | $ | 4,846 | |||||||||||||||||
Provisions for loan losses | 81 | (4 | ) | 5 | (47 | ) | (59 | ) | (8 | ) | 32 | 0 | |||||||||||||||||||||
Charge-offs | (20 | ) | 0 | 0 | 0 | (1,183 | ) | (1 | ) | (52 | ) | (1,256 | ) | ||||||||||||||||||||
Recoveries | 2 | 0 | 0 | 8 | 1 | 5 | 28 | 44 | |||||||||||||||||||||||||
Ending balance | $ | 672 | $ | 197 | $ | 65 | $ | 1,462 | $ | 239 | $ | 716 | $ | 283 | $ | 3,634 | |||||||||||||||||
Residential | Land | Construction | Commercial | Commercial | Home Equity & | Other | Total | ||||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Allowance for loan losses: | |||||||||||||||||||||||||||||||||
Changes in Allowance for Loan Losses for the three-months ended March 31, 2014 | |||||||||||||||||||||||||||||||||
Beginning balance | $ | 811 | $ | 152 | $ | 63 | $ | 1,284 | $ | 1,446 | $ | 877 | $ | 289 | $ | 4,922 | |||||||||||||||||
Provisions for loan losses | 88 | (8 | ) | 7 | (8 | ) | 3 | (111 | ) | 54 | 25 | ||||||||||||||||||||||
Charge-offs | (63 | ) | 0 | 0 | 0 | 0 | (18 | ) | (52 | ) | (133 | ) | |||||||||||||||||||||
Recoveries | 2 | 0 | 0 | 0 | 1 | 154 | 40 | 197 | |||||||||||||||||||||||||
Ending balance | $ | 838 | $ | 144 | $ | 70 | $ | 1,276 | $ | 1,450 | $ | 902 | $ | 331 | $ | 5,011 | |||||||||||||||||
Impaired Financing Receivables [Table Text Block] | At March 31, 2015 | Three Months Ended March 31, 2015 | Three Months Ended March 31, 2014 | ||||||||||||||||||||||||||||||
Recorded | Unpaid | Related | Average | Interest | Average | Interest | |||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | Recorded | Income | |||||||||||||||||||||||||||
Balance | Investment | Recognized | Investment | Recognized | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Loans with no related allowance recorded: | |||||||||||||||||||||||||||||||||
Residential | $ | 1,205 | $ | 1,537 | $ | 0 | $ | 1,245 | $ | 5 | $ | 1,482 | $ | 10 | |||||||||||||||||||
Land | 19 | 21 | 0 | 18 | 0 | 119 | 0 | ||||||||||||||||||||||||||
Construction | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
Commercial real estate | 1,774 | 1,808 | 0 | 1,781 | 19 | 1,715 | 17 | ||||||||||||||||||||||||||
Commercial business | 26 | 26 | 0 | 13 | 0 | 189 | 0 | ||||||||||||||||||||||||||
Home equity/2nd mortgage | 66 | 83 | 0 | 69 | 0 | 226 | 1 | ||||||||||||||||||||||||||
Other consumer | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
3,090 | 3,475 | 0 | 3,126 | 24 | 3,731 | 28 | |||||||||||||||||||||||||||
Loans with an allowance recorded: | |||||||||||||||||||||||||||||||||
Residential | 210 | 245 | 44 | 240 | 0 | 357 | 0 | ||||||||||||||||||||||||||
Land | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
Construction | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
Commercial real estate | 39 | 63 | 9 | 41 | 0 | 940 | 0 | ||||||||||||||||||||||||||
Commercial business | 35 | 35 | 35 | 839 | 0 | 1,709 | 0 | ||||||||||||||||||||||||||
Home equity/2nd mortgage | 80 | 98 | 0 | 80 | 0 | 18 | 0 | ||||||||||||||||||||||||||
Other consumer | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
364 | 441 | 88 | 1,200 | 0 | 3,024 | 0 | |||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||
Residential | 1,415 | 1,782 | 44 | 1,485 | 5 | 1,839 | 10 | ||||||||||||||||||||||||||
Land | 19 | 21 | 0 | 18 | 0 | 119 | 0 | ||||||||||||||||||||||||||
Construction | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
Commercial real estate | 1,813 | 1,871 | 9 | 1,822 | 19 | 2,655 | 17 | ||||||||||||||||||||||||||
Commercial business | 61 | 61 | 35 | 852 | 0 | 1,898 | 0 | ||||||||||||||||||||||||||
Home equity/2nd mortgage | 146 | 181 | 0 | 149 | 0 | 244 | 1 | ||||||||||||||||||||||||||
Other consumer | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||
$ | 3,454 | $ | 3,916 | $ | 88 | $ | 4,326 | $ | 24 | $ | 6,755 | $ | 28 | ||||||||||||||||||||
Recorded | Unpaid | Related | |||||||||||||||||||||||||||||||
Investment | Principal | Allowance | |||||||||||||||||||||||||||||||
Balance | |||||||||||||||||||||||||||||||||
(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 | ||||||||||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | 31-Mar-15 | 31-Dec-14 | |||||||||||||||||||||||||||||||
Nonaccrual | Loans 90+ Days | Total | Nonaccrual | Loans 90+ Days | Total | ||||||||||||||||||||||||||||
Loans | Past Due | Nonperforming | Loans | Past Due | Nonperforming | ||||||||||||||||||||||||||||
Still Accruing | Loans | Still Accruing | Loans | ||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Residential | $ | 1,066 | $ | 0 | $ | 1,066 | $ | 919 | $ | 68 | $ | 987 | |||||||||||||||||||||
Land | 19 | 0 | 19 | 16 | 0 | 16 | |||||||||||||||||||||||||||
Construction | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||||
Commercial real estate | 437 | 0 | 437 | 433 | 0 | 433 | |||||||||||||||||||||||||||
Commercial business | 61 | 0 | 61 | 1,642 | 0 | 1,642 | |||||||||||||||||||||||||||
Home equity/2nd mortgage | 126 | 0 | 126 | 129 | 14 | 143 | |||||||||||||||||||||||||||
Other consumer | 0 | 32 | 32 | 0 | 3 | 3 | |||||||||||||||||||||||||||
Total | $ | 1,709 | $ | 32 | $ | 1,741 | $ | 3,139 | $ | 85 | $ | 3,224 | |||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | 30-59 Days | 60-89 Days | 90 Days or More | Total | Current | Total | |||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Loans | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Residential | $ | 2,544 | $ | 191 | $ | 576 | $ | 3,311 | $ | 101,028 | $ | 104,339 | |||||||||||||||||||||
Land | 130 | 0 | 19 | 149 | 10,958 | 11,107 | |||||||||||||||||||||||||||
Construction | 0 | 0 | 0 | 0 | 8,751 | 8,751 | |||||||||||||||||||||||||||
Commercial real estate | 1,970 | 0 | 52 | 2,022 | 75,943 | 77,965 | |||||||||||||||||||||||||||
Commercial business | 5 | 0 | 61 | 66 | 25,032 | 25,098 | |||||||||||||||||||||||||||
Home equity/2nd mortgage | 241 | 12 | 83 | 336 | 38,246 | 38,582 | |||||||||||||||||||||||||||
Other consumer | 142 | 15 | 32 | 189 | 35,629 | 35,818 | |||||||||||||||||||||||||||
Total | $ | 5,032 | $ | 218 | $ | 823 | $ | 6,073 | $ | 295,587 | $ | 301,660 | |||||||||||||||||||||
30-59 Days | 60-89 Days | 90 Days or More | Total | Current | Total | ||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Loans | |||||||||||||||||||||||||||||
(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 | |||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | Residential | Land | Construction | Commercial | Commercial | Home Equity & | Other | Total | |||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
31-Mar-15 | |||||||||||||||||||||||||||||||||
Pass | $ | 101,845 | $ | 8,050 | $ | 8,011 | $ | 73,572 | $ | 24,440 | $ | 38,359 | $ | 35,765 | $ | 290,042 | |||||||||||||||||
Special Mention | 102 | 93 | 740 | 1,659 | 268 | 2 | 37 | 2,901 | |||||||||||||||||||||||||
Substandard | 1,326 | 2,945 | 0 | 2,297 | 329 | 95 | 16 | 7,008 | |||||||||||||||||||||||||
Doubtful | 1,066 | 19 | 0 | 437 | 61 | 126 | 0 | 1,709 | |||||||||||||||||||||||||
Loss | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Total | $ | 104,339 | $ | 11,107 | $ | 8,751 | $ | 77,965 | $ | 25,098 | $ | 38,582 | $ | 35,818 | $ | 301,660 | |||||||||||||||||
31-Dec-14 | |||||||||||||||||||||||||||||||||
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 | |||||||||||||||||
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | 31-Mar-15 | 31-Dec-14 | |||||||||||||||||||||||||||||||
Accruing | Nonaccrual | Total | Related Allowance | Accruing | Nonaccrual | Total | Related Allowance | ||||||||||||||||||||||||||
for Loan Losses | for Loan Losses | ||||||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Residential real estate | $ | 350 | $ | 303 | $ | 653 | $ | 5 | $ | 492 | $ | 166 | $ | 658 | $ | 6 | |||||||||||||||||
Commercial real estate | 1,376 | 335 | 1,711 | 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 | $ | 1,747 | $ | 638 | $ | 2,385 | $ | 5 | $ | 1,900 | $ | 2,146 | $ | 4,046 | $ | 1,298 | |||||||||||||||||
Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block] | Three months ended March 31, 2014 | ||||||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | |||||||||||||||||||||||||||||||
Balance | Balance | ||||||||||||||||||||||||||||||||
(Dollars in thousands) | |||||||||||||||||||||||||||||||||
Troubled debt restructurings: | |||||||||||||||||||||||||||||||||
Commercial real estate | 3 | $ | 542 | $ | 542 | ||||||||||||||||||||||||||||
Total | 3 | $ | 542 | $ | 542 | ||||||||||||||||||||||||||||
Financing Receivable [Member] | |||||||||||||||||||||||||||||||||
Note 3 - 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 | |||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(In thousands) | |||||||||||||||||||||||||||||||||
Recorded Investment in Loans: | |||||||||||||||||||||||||||||||||
Principal loan balance | $ | 103,923 | $ | 11,070 | $ | 8,731 | $ | 77,798 | $ | 25,004 | $ | 37,958 | $ | 35,676 | $ | 300,160 | |||||||||||||||||
Accrued interest receivable | 366 | 32 | 21 | 194 | 101 | 131 | 142 | 987 | |||||||||||||||||||||||||
Net deferred loan origination fees and costs | 50 | 5 | (1 | ) | (27 | ) | (7 | ) | 493 | 0 | 513 | ||||||||||||||||||||||
Recorded investment in loans | $ | 104,339 | $ | 11,107 | $ | 8,751 | $ | 77,965 | $ | 25,098 | $ | 38,582 | $ | 35,818 | $ | 301,660 | |||||||||||||||||
Recorded Investment in Loans as Evaluated for Impairment: | |||||||||||||||||||||||||||||||||
Individually evaluated for impairment | $ | 1,415 | $ | 19 | $ | 0 | $ | 1,813 | $ | 61 | $ | 146 | $ | 0 | $ | 3,454 | |||||||||||||||||
Collectively evaluated for impairment | 102,924 | 11,088 | 8,751 | 76,152 | 25,037 | 38,436 | 35,818 | 298,206 | |||||||||||||||||||||||||
Acquired with deteriorated credit quality | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||||||||||||||||||
Ending balance | $ | 104,339 | $ | 11,107 | $ | 8,751 | $ | 77,965 | $ | 25,098 | $ | 38,582 | $ | 35,818 | $ | 301,660 | |||||||||||||||||
Residential | Land | Construction | Commercial | Commercial | Home Equity & | Other | Total | ||||||||||||||||||||||||||
Real Estate | Real Estate | Business | 2nd Mtg | Consumer | |||||||||||||||||||||||||||||
(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 |
Note_4_Supplemental_Disclosure1
Note 4 - Supplemental Disclosure for Earnings Per Share (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Earnings Per Share [Abstract] | |||||||||
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended | ||||||||
31-Mar-15 | 31-Mar-14 | ||||||||
Basic and Diluted: | (Dollars in thousands, except for share and per share data) | ||||||||
Earnings: | |||||||||
Net income attributable to First Capital, Inc. | $ | 1,466 | $ | 1,297 | |||||
Shares: | |||||||||
Weighted average common shares outstanding | 2,740,502 | 2,784,088 | |||||||
Net income attributable to First Capital, Inc. per common share, basic and diluted | $ | 0.53 | $ | 0.47 |
Note_5_Stock_Option_Plan_Table
Note 5 - Stock Option Plan (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Number | Weighted | |||||||
of | Average | ||||||||
Shares | Grant Date | ||||||||
Fair Value | |||||||||
Nonvested at January 1, 2015 | - | - | |||||||
Granted | 19,500 | $ | 24.5 | ||||||
Vested | - | - | |||||||
Forfeited | - | - | |||||||
Nonvested at March 31, 2015 | 19,500 | $ | 24.5 |
Note_6_Supplemental_Disclosure1
Note 6 - Supplemental Disclosures of Cash Flow Information (Tables) | 3 Months Ended | ||||||||
Mar. 31, 2015 | |||||||||
Supplemental Cash Flow Elements [Abstract] | |||||||||
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Three Months Ended March 31, | ||||||||
2015 | 2014 | ||||||||
(In thousands) | |||||||||
Cash payments for: | |||||||||
Interest | $ | 246 | $ | 323 | |||||
Taxes | 0 | 24 | |||||||
Noncash investing activities: | |||||||||
Transfers from loans to real estate acquired through foreclosure | 480 | 58 |
Note_7_Fair_Value_Measurements1
Note 7 - Fair Value Measurements (Tables) | 3 Months Ended | ||||||||||||||||||||
Mar. 31, 2015 | |||||||||||||||||||||
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 | |||||||||||||||||
31-Mar-15 | |||||||||||||||||||||
Assets Measured on a Recurring Basis | |||||||||||||||||||||
Securities available for sale: | |||||||||||||||||||||
Agency mortgage-backed securities | $ | 0 | $ | 32,227 | $ | 0 | $ | 32,227 | |||||||||||||
Agency CMO | 0 | 12,728 | 0 | 12,728 | |||||||||||||||||
Agency notes and bonds | 0 | 21,281 | 0 | 21,281 | |||||||||||||||||
Municipal obligations | 0 | 33,110 | 0 | 33,110 | |||||||||||||||||
Mutual funds | 95 | 0 | 0 | 95 | |||||||||||||||||
Total securities available for sale | $ | 95 | $ | 99,346 | $ | 0 | $ | 99,441 | |||||||||||||
Assets Measured on a Nonrecurring Basis | |||||||||||||||||||||
Impaired loans: | |||||||||||||||||||||
Residential real estate | $ | 0 | $ | 0 | $ | 1,371 | $ | 1,371 | |||||||||||||
Land | 0 | 0 | 19 | 19 | |||||||||||||||||
Construction | 0 | 0 | 0 | 0 | |||||||||||||||||
Commercial real estate | 0 | 0 | 1,804 | 1,804 | |||||||||||||||||
Commercial business | 0 | 0 | 26 | 26 | |||||||||||||||||
Home equity and second mortgage | 0 | 0 | 146 | 146 | |||||||||||||||||
Total impaired loans | $ | 0 | $ | 0 | $ | 3,366 | $ | 3,366 | |||||||||||||
Loans held for sale | $ | 0 | $ | 165 | $ | 0 | $ | 165 | |||||||||||||
Foreclosed real estate: | |||||||||||||||||||||
Residential real estate | $ | 0 | $ | 0 | $ | 61 | $ | 61 | |||||||||||||
Commercial real estate | 0 | 0 | 480 | 480 | |||||||||||||||||
Total foreclosed real estate | $ | 0 | $ | 0 | $ | 541 | $ | 541 | |||||||||||||
31-Dec-14 | |||||||||||||||||||||
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, by Balance Sheet Grouping [Table Text Block] | Carrying | Fair | Fair Vale Measurements Using | ||||||||||||||||||
(In thousands) | Value | Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||
31-Mar-15 | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 38,570 | $ | 38,570 | $ | 38,570 | $ | 0 | $ | 0 | |||||||||||
Interest-bearing time deposits | 9,015 | 9,124 | 0 | 9,124 | 0 | ||||||||||||||||
Securities available for sale | 99,441 | 99,441 | 95 | 99,346 | 0 | ||||||||||||||||
Securities held to maturity | 6 | 6 | 0 | 6 | 0 | ||||||||||||||||
Loans held for sale | 165 | 168 | 0 | 168 | 0 | ||||||||||||||||
Loans, net | 297,039 | 299,232 | 0 | 0 | 299,232 | ||||||||||||||||
FHLB stock | 2,241 | 2,241 | 0 | 2,241 | 0 | ||||||||||||||||
Accrued interest receivable | 1,571 | 1,571 | 0 | 1,571 | 0 | ||||||||||||||||
Cost method investment (included in other assets) | 711 | 711 | 0 | 711 | 0 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | 411,230 | 410,909 | 0 | 0 | 410,909 | ||||||||||||||||
Accrued interest payable | 124 | 124 | 0 | 124 | 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 |
Note_1_Presentation_of_Interim1
Note 1 - Presentation of Interim Information (Details) (USD $) | 0 Months Ended | ||
Jan. 21, 2009 | Mar. 31, 2015 | Dec. 31, 2014 | |
Note 1 - Presentation of Interim Information (Details) [Line Items] | |||
Preferred Stock, Shares Issued (in Shares) | 0 | 0 | |
Cumulative Preferred Stock Subject to Mandatory Redemption [Member] | First Harrison Reit Incorporated [Member] | |||
Note 1 - Presentation of Interim Information (Details) [Line Items] | |||
Preferred Stock, Shares Issued (in Shares) | 105 | ||
Preferred Stock, Dividend Rate, Percentage | 12.50% | ||
Preferred Stock, Liquidation Preference, Value (in Dollars) | $105,000 | ||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 0.20% |
Note_2_Investment_Securities_D
Note 2 - Investment Securities (Details) (USD $) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |
Jun. 30, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2013 | |
Disclosure Text Block Supplement [Abstract] | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 31 | |||
Available-for-sale, Securities in Unrealized Loss Positions, Depreciation from Amortized Cost, Percentage | 0.70% | |||
Proceeds from Sale and Maturity of Marketable Securities | $0 | $0 | ||
Equity Method Investment Number Of Common Shares Acquired | 31,750 | 100,000 | ||
Percentage Of Outstanding Shares Of Voting Common Stock | 9.00% | |||
Cost Method Investments | $711,000 |
Note_2_Investment_Securities_D1
Note 2 - Investment Securities (Details) - Investment Securities (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | $97,787 | $98,993 |
Securities available for sale, gross unrealized gains | 1,803 | 1,588 |
Securities available for sale, gross unrealized losses | 149 | 355 |
Securities available for sale, fair value | 99,441 | 100,226 |
Securities held to maturity: | ||
Securities available for sale, amortized cost | 6 | 6 |
Securities available for sale, gross unrealized gains | 0 | 0 |
Securities available for sale, gross unrealized losses | 0 | 0 |
Securities available for sale, fair value | 6 | 6 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | 31,857 | 32,135 |
Securities available for sale, gross unrealized gains | 397 | 240 |
Securities available for sale, gross unrealized losses | 27 | 79 |
Securities available for sale, fair value | 32,227 | 32,296 |
Securities held to maturity: | ||
Securities available for sale, amortized cost | 6 | 6 |
Securities available for sale, gross unrealized gains | 0 | 0 |
Securities available for sale, gross unrealized losses | 0 | 0 |
Securities available for sale, fair value | 6 | 6 |
Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | 12,705 | 14,461 |
Securities available for sale, gross unrealized gains | 83 | 74 |
Securities available for sale, gross unrealized losses | 60 | 150 |
Securities available for sale, fair value | 12,728 | 14,385 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | 21,226 | 18,136 |
Securities available for sale, gross unrealized gains | 60 | 32 |
Securities available for sale, gross unrealized losses | 5 | 48 |
Securities available for sale, fair value | 21,281 | 18,120 |
Municipal Notes [Member] | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | 31,904 | 32,178 |
Securities available for sale, gross unrealized gains | 1,263 | 1,242 |
Securities available for sale, gross unrealized losses | 57 | 78 |
Securities available for sale, fair value | 33,110 | 33,342 |
Debt Securities [Member] | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | 97,692 | 96,910 |
Securities available for sale, gross unrealized gains | 1,803 | 1,588 |
Securities available for sale, gross unrealized losses | 149 | 355 |
Securities available for sale, fair value | 99,346 | 98,143 |
Mutual Funds [Member] | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | 95 | 2,083 |
Securities available for sale, gross unrealized gains | 0 | 0 |
Securities available for sale, gross unrealized losses | 0 | 0 |
Securities available for sale, fair value | $95 | $2,083 |
Note_2_Investment_Securities_D2
Note 2 - Investment Securities (Details) - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity [Abstract] | ||
Due in one year or less | $1,074 | |
Due in one year or less | 1,080 | |
Due in one year or less | 0 | |
Due in one year or less | 0 | |
Due after one year through five years | 19,274 | |
Due after one year through five years | 19,405 | |
Due after one year through five years | 0 | |
Due after one year through five years | 0 | |
Due after five years through ten years | 20,009 | |
Due after five years through ten years | 20,537 | |
Due after ten years | 12,773 | |
Due after ten years | 13,369 | |
Due after ten years | 0 | |
Due after ten years | 0 | |
53,130 | ||
54,391 | ||
0 | ||
0 | ||
Mortgage-backed securities and CMO | 44,562 | |
Mortgage-backed securities and CMO | 44,955 | |
Mortgage-backed securities and CMO | 6 | |
Mortgage-backed securities and CMO | 6 | |
97,692 | ||
99,346 | ||
6 | 6 | |
$6 | $6 |
Note_2_Investment_Securities_D3
Note 2 - Investment Securities (Details) - Investment Securities Available for Sale (USD $) | Mar. 31, 2015 |
In Thousands, unless otherwise specified | |
Continuous loss position less than twelve months: | |
Number of Investment Positions | 12 |
Fair Value | $4,876 |
Gross Unrealized Losses | 21 |
Continuous loss position more than twelve months: | |
Number of Investment Positions | 19 |
Fair Value | 14,968 |
Gross Unrealized Losses | 128 |
Total securities available for saleW | 31 |
Total securities available for saleW | 19,844 |
Total securities available for saleW | 149 |
US Government Agencies Debt Securities [Member] | |
Continuous loss position less than twelve months: | |
Number of Investment Positions | 1 |
Fair Value | 996 |
Gross Unrealized Losses | 3 |
Continuous loss position more than twelve months: | |
Number of Investment Positions | 1 |
Fair Value | 1,001 |
Gross Unrealized Losses | 2 |
Agency Collateralized Mortgage Obligations [Member] | |
Continuous loss position less than twelve months: | |
Number of Investment Positions | 1 |
Fair Value | 35 |
Gross Unrealized Losses | 1 |
Continuous loss position more than twelve months: | |
Number of Investment Positions | 9 |
Fair Value | 6,997 |
Gross Unrealized Losses | 59 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |
Continuous loss position less than twelve months: | |
Number of Investment Positions | 1 |
Fair Value | 1,165 |
Gross Unrealized Losses | 2 |
Continuous loss position more than twelve months: | |
Number of Investment Positions | 4 |
Fair Value | 4,617 |
Gross Unrealized Losses | 25 |
Municipal Notes [Member] | |
Continuous loss position less than twelve months: | |
Number of Investment Positions | 9 |
Fair Value | 2,680 |
Gross Unrealized Losses | 15 |
Continuous loss position more than twelve months: | |
Number of Investment Positions | 5 |
Fair Value | 2,353 |
Gross Unrealized Losses | $42 |
Note_3_Loans_and_Allowance_for2
Note 3 - Loans and Allowance for Loan Losses (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||
Loans Charge Off Period | 90 days | ||
Financing Receivable, Allowance for Credit Losses, Write-downs | $1,256,000 | $133,000 | |
Collateral Dependent Loans Value Of Significant Properties | 200,000 | ||
Mortgage Loans in Process of Foreclosure Amount | 192,000 | ||
Financing Receivable, Allowance for Credit Losses, Loss Factor Increase | 0.25% | ||
Financing Receivable, Allowance for Credit Losses, Loss Factor | 20.00% | ||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | 1,600,000 | ||
Financing Receivable Allowance For Credit Losses Risk Factor | 1.18 | ||
Loans and Leases Receivable, Impaired, Commitment to Lend | 0 | 0 | |
Allowance for Credit Losses, Change in Method of Calculating Impairment | 0 | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | |
Charge-off Treatment [Member] | |||
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Net Charge Offs | 0 | 0 | |
Bank Overdrafts [Member] | |||
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||
Loans Charge Off Period | 45 days | ||
Other Loans [Member] | |||
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||
Number Of Loan | 13 | ||
Financing Receivable, Allowance for Credit Losses, Write-downs | 499,000 | ||
Classified Loans [Member] | |||
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | 642,000 | 664,000 | |
Minimum [Member] | |||
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||
Performance Period | 6 months | ||
Qualitative Factor Past Due Loans [Member] | |||
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | 1,600,000 | ||
Overall Qualitative Factor [Member] | |||
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | $515,000 | $520,000 |
Note_3_Loans_and_Allowance_for3
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
In Thousands, unless otherwise specified | ||||
Real estate mortgage loans: | ||||
Loans Gross | $304,858 | $308,268 | ||
Less undisbursed portion of loans in process | -4,698 | -3,325 | ||
Principal loan balance | 300,160 | 304,943 | ||
Deferred loan origination fees, net | 513 | 506 | ||
Allowance for loan losses | -3,634 | -4,846 | -5,011 | -4,922 |
Loans, net | 297,039 | 300,603 | ||
Residential Mortgage Segment [Member] | Real Estate Portfolio Segment [Member] | ||||
Real estate mortgage loans: | ||||
Loans Gross | 103,923 | 106,679 | ||
Land Segment [Member] | Real Estate Portfolio Segment [Member] | ||||
Real estate mortgage loans: | ||||
Loans Gross | 11,070 | 11,028 | ||
Residential Construction Segment [Member] | Real Estate Portfolio Segment [Member] | ||||
Real estate mortgage loans: | ||||
Loans Gross | 12,122 | 10,347 | ||
Commercial Real Estate Construction Segment [Member] | Real Estate Portfolio Segment [Member] | ||||
Real estate mortgage loans: | ||||
Loans Gross | 1,307 | 1,422 | ||
Home Equity And Second Mortgage [Member] | Consumer Portfolio Segment [Member] | ||||
Real estate mortgage loans: | ||||
Loans Gross | 37,958 | 37,513 | ||
Automobile Loan Segment [Member] | Consumer Portfolio Segment [Member] | ||||
Real estate mortgage loans: | ||||
Loans Gross | 26,144 | 25,274 | ||
Loans On Savings Accounts [Member] | Consumer Portfolio Segment [Member] | ||||
Real estate mortgage loans: | ||||
Loans Gross | 916 | 1,018 | ||
Unsecured Loan [Member] | Consumer Portfolio Segment [Member] | ||||
Real estate mortgage loans: | ||||
Loans Gross | 3,212 | 3,316 | ||
Other Consumer Loan [Member] | Consumer Portfolio Segment [Member] | ||||
Real estate mortgage loans: | ||||
Loans Gross | 5,404 | 5,075 | ||
Real Estate Portfolio Segment [Member] | Commercial Real Estate Segment [Member] | ||||
Real estate mortgage loans: | ||||
Loans Gross | 77,798 | 78,314 | ||
Commercial Portfolio Segment [Member] | ||||
Real estate mortgage loans: | ||||
Loans Gross | 25,004 | 28,282 | ||
Principal loan balance | 25,004 | 28,282 | ||
Deferred loan origination fees, net | -7 | -7 | ||
Allowance for loan losses | -239 | -1,480 | -1,450 | -1,446 |
Consumer Portfolio Segment [Member] | ||||
Real estate mortgage loans: | ||||
Principal loan balance | 35,676 | 34,683 | ||
Deferred loan origination fees, net | 0 | 0 | ||
Allowance for loan losses | ($283) | ($275) | ($331) | ($289) |
Note_3_Loans_and_Allowance_for4
Note 3 - Loans and Allowance for Loan Losses (Details) - Loans and Allowances for Loan Losses (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Recorded Investment in Loans: | ||
Principal loan balance | $300,160 | $304,943 |
Accrued interest receivable | 987 | 1,036 |
Net deferred loan origination fees and costs | 513 | 506 |
Individually evaluated for impairment | 3,454 | 5,039 |
Collectively evaluated for impairment | 298,206 | 301,446 |
Acquired with deteriorated credit quality | 0 | 0 |
Recorded investment in loans | 301,660 | 306,485 |
Residential Mortgage Segment [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 103,923 | 106,679 |
Accrued interest receivable | 366 | 368 |
Net deferred loan origination fees and costs | 50 | 49 |
Individually evaluated for impairment | 1,415 | 1,411 |
Collectively evaluated for impairment | 102,924 | 105,685 |
Acquired with deteriorated credit quality | 0 | 0 |
Recorded investment in loans | 104,339 | 107,096 |
Land Segment [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 11,070 | 11,028 |
Accrued interest receivable | 32 | 48 |
Net deferred loan origination fees and costs | 5 | 4 |
Individually evaluated for impairment | 19 | 16 |
Collectively evaluated for impairment | 11,088 | 11,064 |
Acquired with deteriorated credit quality | 0 | 0 |
Recorded investment in loans | 11,107 | 11,080 |
Residential Construction Segment [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 8,731 | 8,444 |
Accrued interest receivable | 21 | 20 |
Net deferred loan origination fees and costs | -1 | -1 |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 8,751 | 8,463 |
Acquired with deteriorated credit quality | 0 | 0 |
Recorded investment in loans | 8,751 | 8,463 |
Commercial Real Estate Portfolio Segment [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 77,798 | 78,314 |
Accrued interest receivable | 194 | 186 |
Net deferred loan origination fees and costs | -27 | -20 |
Individually evaluated for impairment | 1,813 | 1,819 |
Collectively evaluated for impairment | 76,152 | 76,661 |
Acquired with deteriorated credit quality | 0 | 0 |
Recorded investment in loans | 77,965 | 78,480 |
Commercial Portfolio Segment [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 25,004 | 28,282 |
Accrued interest receivable | 101 | 131 |
Net deferred loan origination fees and costs | -7 | -7 |
Individually evaluated for impairment | 61 | 1,642 |
Collectively evaluated for impairment | 25,037 | 26,764 |
Acquired with deteriorated credit quality | 0 | 0 |
Recorded investment in loans | 25,098 | 28,406 |
Home Equity And Second Mortgage [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 37,958 | 37,513 |
Accrued interest receivable | 131 | 131 |
Net deferred loan origination fees and costs | 493 | 481 |
Individually evaluated for impairment | 146 | 151 |
Collectively evaluated for impairment | 38,436 | 37,974 |
Acquired with deteriorated credit quality | 0 | 0 |
Recorded investment in loans | 38,582 | 38,125 |
Consumer Portfolio Segment [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 35,676 | 34,683 |
Accrued interest receivable | 142 | 152 |
Net deferred loan origination fees and costs | 0 | 0 |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 35,818 | 34,835 |
Acquired with deteriorated credit quality | 0 | 0 |
Recorded investment in loans | $35,818 | $34,835 |
Note_3_Loans_and_Allowance_for5
Note 3 - Loans and Allowance for Loan Losses (Details) - Allowance for Loan Losses (USD $) | 3 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Ending allowance balance attributable to loans: | |||
Allowance individually evaluated for impairment | $88,000 | $1,351,000 | |
Allowance collectively evaluated for impairment | 3,546,000 | 3,495,000 | |
Acquired with deteriorated credit quality | 0 | 0 | |
Ending balance | 3,634,000 | 5,011,000 | |
Beginning balance | 4,846,000 | 4,922,000 | |
Provisions | 0 | 25,000 | |
Charge-offs | -1,256,000 | -133,000 | |
Recoveries | 44,000 | 197,000 | |
Ending balance | 3,634,000 | 5,011,000 | |
Residential Mortgage Segment [Member] | |||
Ending allowance balance attributable to loans: | |||
Allowance individually evaluated for impairment | 44,000 | 47,000 | |
Allowance collectively evaluated for impairment | 628,000 | 562,000 | |
Acquired with deteriorated credit quality | 0 | 0 | |
Ending balance | 672,000 | 838,000 | |
Beginning balance | 609,000 | 811,000 | |
Provisions | 81,000 | 88,000 | |
Charge-offs | -20,000 | -63,000 | |
Recoveries | 2,000 | 2,000 | |
Ending balance | 672,000 | 838,000 | |
Land Segment [Member] | |||
Ending allowance balance attributable to loans: | |||
Allowance individually evaluated for impairment | 0 | 0 | |
Allowance collectively evaluated for impairment | 197,000 | 201,000 | |
Acquired with deteriorated credit quality | 0 | 0 | |
Ending balance | 197,000 | 144,000 | |
Beginning balance | 201,000 | 152,000 | |
Provisions | -4,000 | -8,000 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Ending balance | 197,000 | 144,000 | |
Residential Construction Segment [Member] | |||
Ending allowance balance attributable to loans: | |||
Allowance individually evaluated for impairment | 0 | 0 | |
Allowance collectively evaluated for impairment | 65,000 | 60,000 | |
Acquired with deteriorated credit quality | 0 | 0 | |
Ending balance | 65,000 | 70,000 | |
Beginning balance | 60,000 | 63,000 | |
Provisions | 5,000 | 7,000 | |
Charge-offs | 0 | 0 | |
Recoveries | 0 | 0 | |
Ending balance | 65,000 | 70,000 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Ending allowance balance attributable to loans: | |||
Allowance individually evaluated for impairment | 9,000 | 11,000 | |
Allowance collectively evaluated for impairment | 1,453,000 | 1,490,000 | |
Acquired with deteriorated credit quality | 0 | 0 | |
Ending balance | 1,462,000 | 1,276,000 | |
Beginning balance | 1,501,000 | 1,284,000 | |
Provisions | -47,000 | -8,000 | |
Charge-offs | 0 | 0 | |
Recoveries | 8,000 | 0 | |
Ending balance | 1,462,000 | 1,276,000 | |
Commercial Portfolio Segment [Member] | |||
Ending allowance balance attributable to loans: | |||
Allowance individually evaluated for impairment | 35,000 | 1,293,000 | |
Allowance collectively evaluated for impairment | 204,000 | 187,000 | |
Acquired with deteriorated credit quality | 0 | 0 | |
Ending balance | 239,000 | 1,450,000 | |
Beginning balance | 1,480,000 | 1,446,000 | |
Provisions | -59,000 | 3,000 | |
Charge-offs | -1,183,000 | 0 | |
Recoveries | 1,000 | 1,000 | |
Ending balance | 239,000 | 1,450,000 | |
Home Equity And Second Mortgage [Member] | |||
Ending allowance balance attributable to loans: | |||
Allowance individually evaluated for impairment | 0 | 0 | |
Allowance collectively evaluated for impairment | 716,000 | 720,000 | |
Acquired with deteriorated credit quality | 0 | 0 | |
Ending balance | 716,000 | 902,000 | |
Beginning balance | 720,000 | 877,000 | |
Provisions | -8,000 | -111,000 | |
Charge-offs | -1,000 | -18,000 | |
Recoveries | 5,000 | 154,000 | |
Ending balance | 716,000 | 902,000 | |
Consumer Portfolio Segment [Member] | |||
Ending allowance balance attributable to loans: | |||
Allowance individually evaluated for impairment | 0 | 0 | |
Allowance collectively evaluated for impairment | 283,000 | 275,000 | |
Acquired with deteriorated credit quality | 0 | 0 | |
Ending balance | 283,000 | 331,000 | |
Beginning balance | 275,000 | 289,000 | |
Provisions | 32,000 | 54,000 | |
Charge-offs | -52,000 | -52,000 | |
Recoveries | 28,000 | 40,000 | |
Ending balance | $283,000 | $331,000 |
Note_3_Loans_and_Allowance_for6
Note 3 - Loans and Allowance for Loan Losses (Details) - Impaired Loans (USD $) | 3 Months Ended | ||
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 |
Loans with no related allowance recorded: | |||
Recorded investment with no related allowance recorded | $3,090 | $3,005 | |
Unpaid principal balance with no related allowance recorded | 3,475 | 3,359 | |
Related allowance with no related allowance recorded | 0 | 0 | |
Average recorded investment with no related allowance recorded | 3,126 | 3,731 | |
Interest income recognized with no related allowance recorded | 24 | 28 | |
Loans with an allowance recorded: | |||
Recorded investment with an allowance recorded | 364 | 2,034 | |
Unpaid principal balance with an allowance recorded | 441 | 2,376 | |
Related allowance | 88 | 1,351 | |
Average recorded investment with an allowance recorded | 1,200 | 3,024 | |
Interest income recognized with an allowance recorded | 0 | 0 | |
Total: | |||
Recorded investment | 3,454 | 5,039 | |
Unpaid principal balance | 3,916 | 5,735 | |
Related allowance | 88 | 1,351 | |
Average recorded investment | 4,326 | 6,755 | |
Interest income recognized | 24 | 28 | |
Residential Mortgage Segment [Member] | |||
Loans with no related allowance recorded: | |||
Recorded investment with no related allowance recorded | 1,205 | 1,141 | |
Unpaid principal balance with no related allowance recorded | 1,537 | 1,446 | |
Related allowance with no related allowance recorded | 0 | 0 | |
Average recorded investment with no related allowance recorded | 1,245 | 1,482 | |
Interest income recognized with no related allowance recorded | 5 | 10 | |
Loans with an allowance recorded: | |||
Recorded investment with an allowance recorded | 210 | 270 | |
Unpaid principal balance with an allowance recorded | 245 | 304 | |
Related allowance | 44 | 47 | |
Average recorded investment with an allowance recorded | 240 | 357 | |
Interest income recognized with an allowance recorded | 0 | 0 | |
Total: | |||
Recorded investment | 1,415 | 1,411 | |
Unpaid principal balance | 1,782 | 1,750 | |
Related allowance | 44 | 47 | |
Average recorded investment | 1,485 | 1,839 | |
Interest income recognized | 5 | 10 | |
Land Segment [Member] | |||
Loans with no related allowance recorded: | |||
Recorded investment with no related allowance recorded | 19 | 16 | |
Unpaid principal balance with no related allowance recorded | 21 | 18 | |
Related allowance with no related allowance recorded | 0 | 0 | |
Average recorded investment with no related allowance recorded | 18 | 119 | |
Interest income recognized with no related allowance recorded | 0 | 0 | |
Loans with an allowance recorded: | |||
Recorded investment with an allowance recorded | 0 | 0 | |
Unpaid principal balance with an allowance recorded | 0 | 0 | |
Related allowance | 0 | 0 | |
Average recorded investment with an allowance recorded | 0 | 0 | |
Interest income recognized with an allowance recorded | 0 | 0 | |
Total: | |||
Recorded investment | 19 | 16 | |
Unpaid principal balance | 21 | 18 | |
Related allowance | 0 | 0 | |
Average recorded investment | 18 | 119 | |
Interest income recognized | 0 | 0 | |
Residential Construction Segment [Member] | |||
Loans with no related allowance recorded: | |||
Recorded investment with no related allowance recorded | 0 | 0 | |
Unpaid principal balance with no related allowance recorded | 0 | 0 | |
Related allowance with no related allowance recorded | 0 | 0 | |
Average recorded investment with no related allowance recorded | 0 | 0 | |
Interest income recognized with no related allowance recorded | 0 | 0 | |
Loans with an allowance recorded: | |||
Recorded investment with an allowance recorded | 0 | 0 | |
Unpaid principal balance with an allowance recorded | 0 | 0 | |
Related allowance | 0 | 0 | |
Average recorded investment with an allowance recorded | 0 | 0 | |
Interest income recognized with an allowance recorded | 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 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Loans with no related allowance recorded: | |||
Recorded investment with no related allowance recorded | 1,774 | 1,777 | |
Unpaid principal balance with no related allowance recorded | 1,808 | 1,808 | |
Related allowance with no related allowance recorded | 0 | 0 | |
Average recorded investment with no related allowance recorded | 1,781 | 1,715 | |
Interest income recognized with no related allowance recorded | 19 | 17 | |
Loans with an allowance recorded: | |||
Recorded investment with an allowance recorded | 39 | 42 | |
Unpaid principal balance with an allowance recorded | 63 | 65 | |
Related allowance | 9 | 11 | |
Average recorded investment with an allowance recorded | 41 | 940 | |
Interest income recognized with an allowance recorded | 0 | 0 | |
Total: | |||
Recorded investment | 1,813 | 1,819 | |
Unpaid principal balance | 1,871 | 1,873 | |
Related allowance | 9 | 11 | |
Average recorded investment | 1,822 | 2,655 | |
Interest income recognized | 19 | 17 | |
Commercial Portfolio Segment [Member] | |||
Loans with no related allowance recorded: | |||
Recorded investment with no related allowance recorded | 26 | 0 | |
Unpaid principal balance with no related allowance recorded | 26 | 0 | |
Related allowance with no related allowance recorded | 0 | 0 | |
Average recorded investment with no related allowance recorded | 13 | 189 | |
Interest income recognized with no related allowance recorded | 0 | 0 | |
Loans with an allowance recorded: | |||
Recorded investment with an allowance recorded | 35 | 1,642 | |
Unpaid principal balance with an allowance recorded | 35 | 1,909 | |
Related allowance | 35 | 1,293 | |
Average recorded investment with an allowance recorded | 839 | 1,709 | |
Interest income recognized with an allowance recorded | 0 | 0 | |
Total: | |||
Recorded investment | 61 | 1,642 | |
Unpaid principal balance | 61 | 1,909 | |
Related allowance | 35 | 1,293 | |
Average recorded investment | 852 | 1,898 | |
Interest income recognized | 0 | 0 | |
Home Equity And Second Mortgage [Member] | |||
Loans with no related allowance recorded: | |||
Recorded investment with no related allowance recorded | 66 | 71 | |
Unpaid principal balance with no related allowance recorded | 83 | 87 | |
Related allowance with no related allowance recorded | 0 | 0 | |
Average recorded investment with no related allowance recorded | 69 | 226 | |
Interest income recognized with no related allowance recorded | 0 | 1 | |
Loans with an allowance recorded: | |||
Recorded investment with an allowance recorded | 80 | 80 | |
Unpaid principal balance with an allowance recorded | 98 | 98 | |
Related allowance | 0 | 0 | |
Average recorded investment with an allowance recorded | 80 | 18 | |
Interest income recognized with an allowance recorded | 0 | 0 | |
Total: | |||
Recorded investment | 146 | 151 | |
Unpaid principal balance | 181 | 185 | |
Related allowance | 0 | 0 | |
Average recorded investment | 149 | 244 | |
Interest income recognized | 0 | 1 | |
Other Consumer Loan [Member] | |||
Loans with no related allowance recorded: | |||
Recorded investment with no related allowance recorded | 0 | 0 | |
Unpaid principal balance with no related allowance recorded | 0 | 0 | |
Related allowance with no related allowance recorded | 0 | 0 | |
Average recorded investment with no related allowance recorded | 0 | 0 | |
Interest income recognized with no related allowance recorded | 0 | 0 | |
Loans with an allowance recorded: | |||
Recorded investment with an allowance recorded | 0 | 0 | |
Unpaid principal balance with an allowance recorded | 0 | 0 | |
Related allowance | 0 | 0 | |
Average recorded investment with an allowance recorded | 0 | 0 | |
Interest income recognized with an allowance recorded | 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 |
Note_3_Loans_and_Allowance_for7
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | $6,073 | $4,871 |
Residential Mortgage Segment [Member] | Nonperforming Financing Receivable [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 1,066 | 919 |
Loans 90+ Days Past Due Still Accruing | 0 | 68 |
Total Nonperforming Loans | 1,066 | 987 |
Residential Mortgage Segment [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 3,311 | 3,929 |
Land Segment [Member] | Nonperforming Financing Receivable [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 19 | 16 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Total Nonperforming Loans | 19 | 16 |
Land Segment [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 149 | 148 |
Residential Construction Segment [Member] | Nonperforming Financing Receivable [Member] | ||
Note 3 - 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 |
Residential Construction Segment [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 437 | 433 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Total Nonperforming Loans | 437 | 433 |
Commercial Real Estate Portfolio Segment [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 2,022 | 229 |
Commercial Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 61 | 1,642 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Total Nonperforming Loans | 61 | 1,642 |
Commercial Portfolio Segment [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 66 | 0 |
Home Equity And Second Mortgage [Member] | Nonperforming Financing Receivable [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 126 | 129 |
Loans 90+ Days Past Due Still Accruing | 0 | 14 |
Total Nonperforming Loans | 126 | 143 |
Home Equity And Second Mortgage [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 336 | 273 |
Consumer Portfolio Segment [Member] | Nonperforming Financing Receivable [Member] | ||
Note 3 - 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 | 32 | 3 |
Total Nonperforming Loans | 32 | 3 |
Consumer Portfolio Segment [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 189 | 292 |
Nonperforming Financing Receivable [Member] | ||
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 1,709 | 3,139 |
Loans 90+ Days Past Due Still Accruing | 32 | 85 |
Total Nonperforming Loans | $1,741 | $3,224 |
Note_3_Loans_and_Allowance_for8
Note 3 - Loans and Allowance for Loan Losses (Details) - Aging of Recorded Investment in Loans (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | $5,032 | $3,564 |
60-89 Days Past Due | 218 | 857 |
90 Days Or More Past Due | 823 | 450 |
Total Past Due | 6,073 | 4,871 |
Current | 295,587 | 301,614 |
Recorded Investment In Loans | 301,660 | 306,485 |
Residential Mortgage Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 2,544 | 3,070 |
60-89 Days Past Due | 191 | 551 |
90 Days Or More Past Due | 576 | 308 |
Total Past Due | 3,311 | 3,929 |
Current | 101,028 | 103,167 |
Recorded Investment In Loans | 104,339 | 107,096 |
Land Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 130 | 24 |
60-89 Days Past Due | 0 | 124 |
90 Days Or More Past Due | 19 | 0 |
Total Past Due | 149 | 148 |
Current | 10,958 | 10,932 |
Recorded Investment In Loans | 11,107 | 11,080 |
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 |
90 Days Or More Past Due | 0 | 0 |
Total Past Due | 0 | 0 |
Current | 8,751 | 8,463 |
Recorded Investment In Loans | 8,751 | 8,463 |
Commercial Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 1,970 | 54 |
60-89 Days Past Due | 0 | 133 |
90 Days Or More Past Due | 52 | 42 |
Total Past Due | 2,022 | 229 |
Current | 75,943 | 78,251 |
Recorded Investment In Loans | 77,965 | 78,480 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 5 | 0 |
60-89 Days Past Due | 0 | 0 |
90 Days Or More Past Due | 61 | 0 |
Total Past Due | 66 | 0 |
Current | 25,032 | 28,406 |
Recorded Investment In Loans | 25,098 | 28,406 |
Home Equity And Second Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 241 | 153 |
60-89 Days Past Due | 12 | 23 |
90 Days Or More Past Due | 83 | 97 |
Total Past Due | 336 | 273 |
Current | 38,246 | 37,852 |
Recorded Investment In Loans | 38,582 | 38,125 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
30-59 Days Past Due | 142 | 263 |
60-89 Days Past Due | 15 | 26 |
90 Days Or More Past Due | 32 | 3 |
Total Past Due | 189 | 292 |
Current | 35,629 | 34,543 |
Recorded Investment In Loans | $35,818 | $34,835 |
Note_3_Loans_and_Allowance_for9
Note 3 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans by Risk Category (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | $301,660 | $306,485 |
Residential Mortgage Segment [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 101,845 | 104,780 |
Residential Mortgage Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 102 | 105 |
Residential Mortgage Segment [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 1,326 | 1,292 |
Residential Mortgage Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 1,066 | 919 |
Residential Mortgage Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 0 |
Residential Mortgage Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 104,339 | 107,096 |
Land Segment [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 8,050 | 7,969 |
Land Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 93 | 94 |
Land Segment [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 2,945 | 3,001 |
Land Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 19 | 16 |
Land 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 | 11,107 | 11,080 |
Residential Construction Segment [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 8,011 | 7,722 |
Residential Construction Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 740 | 741 |
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 |
Residential Construction Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 8,751 | 8,463 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 73,572 | 73,204 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 1,659 | 2,648 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 2,297 | 2,195 |
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 437 | 433 |
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 Real Estate Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 77,965 | 78,480 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 24,440 | 26,137 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 268 | 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 | 61 | 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] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 25,098 | 28,406 |
Home Equity And Second Mortgage [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 38,359 | 37,860 |
Home Equity And Second Mortgage [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 2 | 2 |
Home Equity And Second Mortgage [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 95 | 134 |
Home Equity And Second Mortgage [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 126 | 129 |
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 |
Home Equity And Second Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 38,582 | 38,125 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 35,765 | 34,770 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 37 | 49 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 16 | 16 |
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 |
Consumer Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 35,818 | 34,835 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 290,042 | 292,442 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 2,901 | 3,937 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 7,008 | 6,967 |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 1,709 | 3,139 |
Unlikely to be Collected Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | $0 | $0 |
Recovered_Sheet1
Note 3 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructuring by Accrual Status (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Troubled debt restructurings: | ||
Recorded Investment in loans | $301,660 | $306,485 |
Troubled Debt Restructuring [Member] | Residential Mortgage Segment [Member] | ||
Troubled debt restructurings: | ||
Accruing | 350 | 492 |
Nonaccrual | 303 | 166 |
Recorded Investment in loans | 653 | 658 |
Related Allowance for Loan Losses | 5 | 6 |
Troubled Debt Restructuring [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Troubled debt restructurings: | ||
Accruing | 1,376 | 1,386 |
Nonaccrual | 335 | 338 |
Recorded Investment in loans | 1,711 | 1,724 |
Related Allowance for Loan Losses | 0 | 0 |
Troubled Debt Restructuring [Member] | Commercial Portfolio Segment [Member] | ||
Troubled debt restructurings: | ||
Accruing | 0 | 0 |
Nonaccrual | 0 | 1,642 |
Recorded Investment in loans | 0 | 1,642 |
Related Allowance for Loan Losses | 0 | 1,292 |
Troubled Debt Restructuring [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
Accruing | 21 | 22 |
Nonaccrual | 0 | 0 |
Recorded Investment in loans | 21 | 22 |
Related Allowance for Loan Losses | 0 | 0 |
Troubled Debt Restructuring [Member] | ||
Troubled debt restructurings: | ||
Accruing | 1,747 | 1,900 |
Nonaccrual | 638 | 2,146 |
Recorded Investment in loans | 2,385 | 4,046 |
Related Allowance for Loan Losses | 5 | 1,298 |
Residential Mortgage Segment [Member] | ||
Troubled debt restructurings: | ||
Recorded Investment in loans | 104,339 | 107,096 |
Commercial Real Estate Portfolio Segment [Member] | ||
Troubled debt restructurings: | ||
Recorded Investment in loans | 77,965 | 78,480 |
Commercial Portfolio Segment [Member] | ||
Troubled debt restructurings: | ||
Recorded Investment in loans | 25,098 | 28,406 |
Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
Recorded Investment in loans | $38,582 | $38,125 |
Recovered_Sheet2
Note 3 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings During the Period (Troubled Debt Restructuring [Member], Commercial Real Estate Portfolio Segment [Member], USD $) | 3 Months Ended |
In Thousands, unless otherwise specified | Mar. 31, 2014 |
Troubled Debt Restructuring [Member] | Commercial Real Estate Portfolio Segment [Member] | |
Troubled debt restructurings: | |
Number of Contracts | 3 |
Pre-Modification Outstanding Balance | $542 |
Post-Modification Outstanding Balance | $542 |
Note_4_Supplemental_Disclosure2
Note 4 - Supplemental Disclosure for Earnings Per Share (Details) | 3 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
Earnings Per Share [Abstract] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 |
Note_4_Supplemental_Disclosure3
Note 4 - Supplemental Disclosure for Earnings Per Share (Details) - Supplemental Disclosure for Earnings Per Share (USD $) | 3 Months Ended | |
In Thousands, except Share data, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Earnings: | ||
Net income attributable to First Capital, Inc. | $1,466 | $1,297 |
Weighted average common shares outstanding | 2,740,502 | 2,784,088 |
Net income attributable to First Capital, Inc. per common share, basic and diluted | $0.53 | $0.47 |
Note_5_Stock_Option_Plan_Detai
Note 5 - Stock Option Plan (Details) (USD $) | 3 Months Ended | 0 Months Ended | |
Mar. 31, 2015 | Feb. 17, 2015 | 20-May-09 | |
Note 5 - Stock Option Plan (Details) [Line Items] | |||
Stock Issued During Period, Value, Restricted Stock Award, Gross (in Dollars) | $0 | ||
Common Stock [Member] | 2009 Equity Incentive Plan [Member] | |||
Note 5 - Stock Option Plan (Details) [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 223,000 | ||
Common Stock [Member] | |||
Note 5 - Stock Option Plan (Details) [Line Items] | |||
Stock Issued During Period, Value, Restricted Stock Award, Gross (in Dollars) | 0 | ||
Restricted Stock [Member] | Officers,Directors and Key Employees [Member] | |||
Note 5 - 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 | ||
Restricted Stock [Member] | |||
Note 5 - 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-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | ||
Allocated Share-based Compensation Expense (in Dollars) | 17,000 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options (in Dollars) | 461,000 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 4 years 328 days | ||
Officers,Directors and Key Employees [Member] | |||
Note 5 - Stock Option Plan (Details) [Line Items] | |||
Stock Issued During Period, Value, Restricted Stock Award, Gross (in Dollars) | $478,000 | ||
2009 Equity Incentive Plan [Member] | |||
Note 5 - 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 |
Note_5_Stock_Option_Plan_Detai1
Note 5 - Stock Option Plan (Details) - Nonvested Restricted Shares Activity (Restricted Stock [Member], USD $) | 3 Months Ended |
Mar. 31, 2015 | |
Restricted Stock [Member] | |
Note 5 - Stock Option Plan (Details) - Nonvested Restricted Shares Activity [Line Items] | |
Granted | 19,500 |
Granted | $24.50 |
Number of Shares | 19,500 |
Weighted Average Grant Date Fair Value | $24.50 |
Note_6_Supplemental_Disclosure2
Note 6 - Supplemental Disclosures of Cash Flow Information (Details) - Supplemental Disclosures of Cash Flow Information (USD $) | 3 Months Ended | |
In Thousands, unless otherwise specified | Mar. 31, 2015 | Mar. 31, 2014 |
Cash payments for: | ||
Interest | $246 | $323 |
Taxes | 0 | 24 |
Noncash investing activities: | ||
Transfers from loans to real estate acquired through foreclosure | $480 | $58 |
Note_7_Fair_Value_Measurements2
Note 7 - Fair Value Measurements (Details) (USD $) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | |
Note 7 - Fair Value Measurements (Details) [Line Items] | |||
Financial and Nonfinancial Liabilities, Fair Value Disclosure (in Dollars) | $0 | 0 | |
Provision for Loan and Lease Losses (in Dollars) | 0 | 25,000 | |
SEC Schedule III, Real Estate, Write-down or Reserve, Amount (in Dollars) | 0 | 0 | |
Impaired Loan [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | |||
Note 7 - Fair Value Measurements (Details) [Line Items] | |||
Fair Value Inputs Estimated Selling Costs | 10.00% | 10.00% | |
Impaired Loan [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | |||
Note 7 - Fair Value Measurements (Details) [Line Items] | |||
Fair Value Inputs Estimated Selling Costs | 48.00% | 48.00% | |
Impaired Loan [Member] | |||
Note 7 - Fair Value Measurements (Details) [Line Items] | |||
Provision for Loan and Lease Losses (in Dollars) | $35,000 | $13,000 | |
Foreclosed Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | |||
Note 7 - Fair Value Measurements (Details) [Line Items] | |||
Fair Value Inputs, Discount Rate | 28.00% | 10.00% | |
Foreclosed Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | |||
Note 7 - Fair Value Measurements (Details) [Line Items] | |||
Fair Value Inputs, Discount Rate | 60.00% | 60.00% | |
Foreclosed Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member] | |||
Note 7 - Fair Value Measurements (Details) [Line Items] | |||
Fair Value Inputs, Discount Rate | 31.00% | 40.00% |
Note_7_Fair_Value_Measurements3
Note 7 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Recurring and Nonrecurring Basis (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
In Thousands, unless otherwise specified | ||
Securities available for sale: | ||
Securities available for sale | $99,441 | $100,226 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 32,227 | 32,296 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 32,227 | 32,296 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale: | ||
Securities available for sale | 32,227 | 32,296 |
Agency Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Agency Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 12,728 | 14,385 |
Agency Collateralized Mortgage Obligations [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 12,728 | 14,385 |
Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale: | ||
Securities available for sale | 12,728 | 14,385 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 21,281 | 18,120 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 21,281 | 18,120 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale: | ||
Securities available for sale | 21,281 | 18,120 |
Municipal Notes [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Municipal Notes [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 33,110 | 33,342 |
Municipal Notes [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 33,110 | 33,342 |
Municipal Notes [Member] | ||
Securities available for sale: | ||
Securities available for sale | 33,110 | 33,342 |
Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 95 | 2,083 |
Mutual Funds [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 95 | 2,083 |
Mutual Funds [Member] | ||
Securities available for sale: | ||
Securities available for sale | 95 | 2,083 |
Residential Mortgage Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Foreclosed real estate: | ||
Foreclosed real estate | 0 | 0 |
Residential Mortgage Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Foreclosed real estate: | ||
Foreclosed real estate | 0 | 0 |
Residential Mortgage Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 1,371 | 1,364 |
Foreclosed real estate: | ||
Foreclosed real estate | 61 | 78 |
Residential Mortgage Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 1,371 | 1,364 |
Foreclosed real estate: | ||
Foreclosed real estate | 61 | 78 |
Land Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Land Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Land Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 19 | 16 |
Land Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 19 | 16 |
Residential Construction Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Residential Construction Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Residential Construction Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Residential Construction Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Commercial Real Estate Segment [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Foreclosed real estate: | ||
Foreclosed real estate | 0 | |
Commercial Real Estate Segment [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Foreclosed real estate: | ||
Foreclosed real estate | 0 | |
Commercial Real Estate Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 1,804 | 1,808 |
Foreclosed real estate: | ||
Foreclosed real estate | 480 | |
Commercial Real Estate Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 1,804 | 1,808 |
Foreclosed real estate: | ||
Foreclosed real estate | 480 | |
Commercial Business [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Commercial Business [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Commercial Business [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 26 | 349 |
Commercial Business [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 26 | 349 |
Home Equity And Second Mortgage [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Home Equity And Second Mortgage [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Home Equity And Second Mortgage [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 146 | 151 |
Home Equity And Second Mortgage [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 146 | 151 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 95 | 2,083 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Loans held for sale | 0 | 0 |
Foreclosed real estate: | ||
Foreclosed real estate | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale: | ||
Securities available for sale | 95 | 2,083 |
Impaired loans: | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 99,346 | 98,143 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Loans held for sale | 165 | 1,608 |
Foreclosed real estate: | ||
Foreclosed real estate | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale: | ||
Securities available for sale | 99,346 | 98,143 |
Impaired loans: | ||
Loans held for sale | 168 | 1,641 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 3,366 | 3,688 |
Loans held for sale | 0 | 0 |
Foreclosed real estate: | ||
Foreclosed real estate | 541 | 78 |
Fair Value, Inputs, Level 3 [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Impaired loans: | ||
Loans held for sale | 0 | 0 |
Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 99,441 | 100,226 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 3,366 | 3,688 |
Loans held for sale | 165 | 1,608 |
Foreclosed real estate: | ||
Foreclosed real estate | $541 | $78 |
Note_7_Fair_Value_Measurements4
Note 7 - Fair Value Measurements (Details) - Carrying Value and Estimated Fair Value of Financial Instruments (USD $) | Mar. 31, 2015 | Dec. 31, 2014 | Jun. 30, 2014 |
Financial assets: | |||
Interest-bearing time deposits | $894,000 | $865,000 | |
Securities available for sale | 99,441,000 | 100,226,000 | |
Securities held to maturity | 6,000 | 6,000 | |
Cost method investment | 711,000 | ||
Fair Value, Inputs, Level 1 [Member] | |||
Financial assets: | |||
Cash and cash equivalents | 38,570,000 | 33,243,000 | |
Interest-bearing time deposits | 0 | 0 | |
Securities available for sale | 95,000 | 2,083,000 | |
Securities held to maturity | 0 | 0 | |
Loans held for sale | 0 | 0 | |
Loans, net | 0 | 0 | |
FHLB stock | 0 | 0 | |
Accrued interest receivable | 0 | 0 | |
Cost method investment | 0 | 0 | |
Financial liabilities: | |||
Deposits | 0 | 0 | |
Accrued interest payable | 0 | 0 | |
Fair Value, Inputs, Level 2 [Member] | |||
Financial assets: | |||
Cash and cash equivalents | 0 | 0 | |
Interest-bearing time deposits | 9,124,000 | 8,370,000 | |
Securities available for sale | 99,346,000 | 98,143,000 | |
Securities held to maturity | 6,000 | 6,000 | |
Loans held for sale | 168,000 | 1,641,000 | |
Loans, net | 0 | 0 | |
FHLB stock | 2,241,000 | 2,241,000 | |
Accrued interest receivable | 1,571,000 | 1,580,000 | |
Cost method investment | 711,000 | 711,000 | |
Financial liabilities: | |||
Deposits | 0 | 0 | |
Accrued interest payable | 124,000 | 127,000 | |
Fair Value, Inputs, Level 3 [Member] | |||
Financial assets: | |||
Cash and cash equivalents | 0 | 0 | |
Interest-bearing time deposits | 0 | 0 | |
Securities available for sale | 0 | 0 | |
Securities held to maturity | 0 | 0 | |
Loans held for sale | 0 | 0 | |
Loans, net | 299,232,000 | 301,864,000 | |
FHLB stock | 0 | 0 | |
Accrued interest receivable | 0 | 0 | |
Cost method investment | 0 | 0 | |
Financial liabilities: | |||
Deposits | 410,909,000 | 412,282,000 | |
Accrued interest payable | 0 | 0 | |
Reported Value Measurement [Member] | |||
Financial assets: | |||
Cash and cash equivalents | 38,570,000 | 33,243,000 | |
Interest-bearing time deposits | 9,015,000 | 8,270,000 | |
Securities available for sale | 99,441,000 | 100,226,000 | |
Securities held to maturity | 6,000 | 6,000 | |
Loans held for sale | 165,000 | 1,608,000 | |
Loans, net | 297,039,000 | 300,603,000 | |
FHLB stock | 2,241,000 | 2,241,000 | |
Accrued interest receivable | 1,571,000 | 1,580,000 | |
Cost method investment | 711,000 | 711,000 | |
Financial liabilities: | |||
Deposits | 411,230,000 | 412,636,000 | |
Accrued interest payable | 124,000 | 127,000 | |
Estimate of Fair Value Measurement [Member] | |||
Financial assets: | |||
Cash and cash equivalents | 38,570,000 | 33,243,000 | |
Interest-bearing time deposits | 9,124,000 | 8,370,000 | |
Securities available for sale | 99,441,000 | 100,226,000 | |
Securities held to maturity | 6,000 | 6,000 | |
Loans held for sale | 168,000 | 1,641,000 | |
Loans, net | 299,232,000 | 301,864,000 | |
FHLB stock | 2,241,000 | 2,241,000 | |
Accrued interest receivable | 1,571,000 | 1,580,000 | |
Cost method investment | 711,000 | 711,000 | |
Financial liabilities: | |||
Deposits | 410,909,000 | 412,282,000 | |
Accrued interest payable | $124,000 | $127,000 |