Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Jul. 29, 2015 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | FIRST CAPITAL INC | |
Trading Symbol | FCAP | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 2,759,002 | |
Amendment Flag | false | |
Entity Central Index Key | 1,070,296 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q2 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
ASSETS | ||
Cash and due from banks | $ 8,788 | $ 13,653 |
Interest bearing deposits with banks | 859 | 865 |
Federal funds sold | 30,000 | 18,725 |
Total cash and cash equivalents | 39,647 | 33,243 |
Interest-bearing time deposits | 9,515 | 8,270 |
Securities available for sale, at fair value | 98,361 | 100,226 |
Securities-held to maturity | 5 | 6 |
Loans, net | 298,865 | 300,603 |
Loans held for sale | 1,673 | 1,608 |
Federal Home Loan Bank stock, at cost | 1,550 | 2,241 |
Foreclosed real estate | 567 | 78 |
Premises and equipment | 10,238 | 10,208 |
Accrued interest receivable | 1,538 | 1,580 |
Cash value of life insurance | 6,002 | 6,161 |
Goodwill | 5,386 | 5,386 |
Other assets | 3,577 | 3,151 |
Total Assets | 476,924 | 472,761 |
Deposits: | ||
Noninterest-bearing | 74,213 | 73,042 |
Interest-bearing | 342,034 | 339,594 |
Total deposits | 416,247 | 412,636 |
Accrued interest payable | 94 | 127 |
Accrued expenses and other liabilities | 2,169 | 2,765 |
Total liabilities | 418,510 | 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 3,182,916 shares, (3,164,416 in 2014); outstanding 2,759,002 shares, (2,740,502 in 2014) | 32 | 32 |
Additional paid-in capital | 24,766 | 24,313 |
Retained earnings-substantially restricted | 41,768 | 40,229 |
Unearned stock compensation | (415) | 0 |
Accumulated other comprehensive income | 411 | 800 |
Less treasury stock, at cost - 423,914 shares | (8,253) | (8,253) |
Total First Capital, Inc. stockholders' equity | 58,309 | 57,121 |
Noncontrolling interest in subsidiary | 105 | 112 |
Total equity | 58,414 | 57,233 |
Total Liabilities and Equity | $ 476,924 | $ 472,761 |
Consolidated Balance Sheets (U3
Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2015 | Dec. 31, 2014 |
Preferred stock par value (in Dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock par value (in Dollars per share) | $ 0.01 | $ 0.01 |
Common stock authorized shares | 5,000,000 | 5,000,000 |
Common stock issued shares | 3,182,916 | 3,164,416 |
Common stock outstanding shares | 2,759,002 | 2,740,502 |
Less treasury stock, at cost shares | 423,914 | 423,914 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Loans, including fees | $ 3,963 | $ 4,036 | $ 7,893 | $ 7,874 |
Securities: | ||||
Taxable | 268 | 303 | 530 | 620 |
Tax-exempt | 244 | 274 | 490 | 564 |
Federal Home Loan Bank dividends | 30 | 26 | 52 | 65 |
Federal funds sold and interest bearing deposits with banks | 50 | 24 | 86 | 42 |
Total interest income | 4,555 | 4,663 | 9,051 | 9,165 |
INTEREST EXPENSE | ||||
Deposits | 239 | 291 | 482 | 580 |
Retail repurchase agreements | 0 | 6 | 0 | 12 |
Advances from Federal Home Loan Bank | 0 | 0 | 0 | 3 |
Total interest expense | 239 | 297 | 482 | 595 |
Net interest income | 4,316 | 4,366 | 8,569 | 8,570 |
Provision for loan losses | 50 | 90 | 50 | 115 |
Net interest income after provision for loan losses | 4,266 | 4,276 | 8,519 | 8,455 |
NONINTEREST INCOME | ||||
Service charges on deposit accounts | 856 | 822 | 1,630 | 1,545 |
Commission income | 85 | 120 | 184 | 198 |
Gain on sale of securities | 0 | 54 | 0 | 54 |
Gain on sale of loans | 178 | 212 | 486 | 319 |
Mortgage brokerage fees | 33 | 9 | 46 | 14 |
Increase in cash surrender value of life insurance | 34 | 40 | 67 | 77 |
Other income | 28 | 30 | 165 | 59 |
Total noninterest income | 1,214 | 1,287 | 2,578 | 2,266 |
NONINTEREST EXPENSE | ||||
Compensation and benefits | 1,971 | 1,836 | 3,981 | 3,671 |
Occupancy and equipment | 312 | 293 | 623 | 612 |
Data processing | 406 | 397 | 830 | 764 |
Professional fees | 380 | 153 | 581 | 298 |
Advertising | 79 | 69 | 148 | 133 |
Other operating expenses | 613 | 601 | 1,277 | 1,170 |
Total noninterest expense | 3,761 | 3,349 | 7,440 | 6,648 |
Income before income taxes | 1,719 | 2,214 | 3,657 | 4,073 |
Income tax expense | 487 | 692 | 956 | 1,251 |
Net Income | 1,232 | 1,522 | 2,701 | 2,822 |
Less: net income attributable to noncontrolling interest in subsidiary | 4 | 4 | 7 | 7 |
Net Income Attributable to First Capital, Inc. | $ 1,228 | $ 1,518 | $ 2,694 | $ 2,815 |
Earnings per common share attributable to First Capital, Inc. | ||||
Basic (in Dollars per share) | $ 0.45 | $ 0.55 | $ 0.98 | $ 1.02 |
Diluted (in Dollars per share) | 0.45 | 0.55 | 0.98 | 1.02 |
Dividends per share (in Dollars per share) | $ 0.21 | $ 0.21 | $ 0.42 | $ 0.42 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Net Income | $ 1,232 | $ 1,522 | $ 2,701 | $ 2,822 |
Unrealized gains (losses) on securities available for sale: | ||||
Unrealized holding gains (losses) arising during the period | (1,073) | 902 | (637) | 1,873 |
Income tax (expense) benefit | 418 | (354) | 248 | (736) |
Net of tax amount | (655) | 548 | (389) | 1,137 |
Less: reclassification adjustment for realized gains included in net income | 0 | (54) | 0 | (54) |
Income tax expense | 0 | 21 | 0 | 21 |
Net of tax amount | 0 | (33) | 0 | (33) |
Other Comprehensive Income (Loss), net of tax | (655) | 515 | (389) | 1,104 |
Comprehensive Income | 577 | 2,037 | 2,312 | 3,926 |
Less: comprehensive income attributable to the noncontrolling interest in subsidiary | 4 | 4 | 7 | 7 |
Comprehensive Income Attributable to First Capital, Inc. | $ 573 | $ 2,033 | $ 2,305 | $ 3,919 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders’ Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Deferred Compensation, Share-based Payments [Member] | Treasury Stock [Member] | Noncontrolling Interest [Member] | Total |
Beginning balance at Dec. 31, 2013 | $ 32 | $ 24,313 | $ 36,947 | $ (720) | $ 0 | $ (7,345) | $ 112 | $ 53,339 |
Ending balance at Jun. 30, 2014 | 32 | 24,313 | 38,602 | 384 | 0 | (8,189) | 105 | 55,247 |
Net Income | 0 | 0 | 2,815 | 0 | 0 | 0 | 7 | 2,822 |
Other comprehensive income (loss) | 0 | 0 | 0 | 1,104 | 0 | 0 | 0 | 1,104 |
Cash dividends | 0 | 0 | (1,160) | 0 | 0 | 0 | (14) | (1,174) |
Stock compensation expense | 0 | |||||||
Purchase of treasury shares | 0 | 0 | 0 | 0 | 0 | (844) | 0 | (844) |
Beginning balance at Dec. 31, 2014 | 32 | 24,313 | 40,229 | 800 | 0 | (8,253) | 112 | 57,233 |
Ending balance at Jun. 30, 2015 | 32 | 24,766 | 41,768 | 411 | (415) | (8,253) | 105 | 58,414 |
Net Income | 0 | 0 | 2,694 | 0 | 0 | 0 | 7 | 2,701 |
Other comprehensive income (loss) | 0 | 0 | 0 | (389) | 0 | 0 | 0 | (389) |
Cash dividends | 0 | 0 | (1,155) | 0 | 0 | 0 | (14) | (1,169) |
Restricted stock grants, net of forfeitures | 0 | 453 | 0 | 0 | (453) | 0 | 0 | 0 |
Stock compensation expense | $ 0 | $ 0 | $ 0 | $ 0 | $ 38 | $ 0 | $ 0 | $ 38 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Net income | $ 2,701 | $ 2,822 |
Adjustments to reconcile net income to net cash and cash equivalents provided by operating activities: | ||
Amortization of premiums and accretion of discounts on securities, net | 349 | 347 |
Depreciation and amortization expense | 349 | 348 |
Deferred income taxes | 263 | (65) |
Stock compensation expense | 38 | 0 |
Increase in cash value of life insurance | (67) | (77) |
Gain on life insurance | (110) | 0 |
Gain on sale of securities | 0 | (54) |
Provision for loan losses | 50 | 115 |
Proceeds from sales of loans | 16,586 | 12,656 |
Loans originated for sale | (16,165) | (14,550) |
Gain on sale of loans | (486) | (319) |
Decrease in accrued interest receivable | 42 | 165 |
Decrease in accrued interest payable | (33) | (37) |
Net change in other assets/liabilities | (735) | (592) |
Net Cash Provided By Operating Activities | 2,782 | 759 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Investment in interest-bearing time deposits | (1,490) | (1,475) |
Proceeds from maturities and sales of interest-bearing time deposits | 245 | 0 |
Purchase of securities available for sale | (15,366) | (15,469) |
Proceeds from maturities of securities available for sale | 10,264 | 10,923 |
Proceeds from sales of securities available for sale | 0 | 2,612 |
Principal collected on mortgage-backed obligations | 6,016 | 4,892 |
Net (increase) decrease in loans receivable | 1,125 | (9,564) |
Proceeds from redemption of Federal Home Loan Bank stock | 691 | 0 |
Proceeds from sale of foreclosed real estate | 74 | 375 |
Purchase of premises and equipment | (379) | (473) |
Net Cash Provided By Investing Activities | 1,180 | (8,179) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net increase in deposits | 3,611 | 12,923 |
Net decrease in advances from Federal Home Loan Bank | 0 | (500) |
Net increase in retail repurchase agreements | 0 | 1,307 |
Purchase of treasury stock | 0 | (844) |
Dividends paid | (1,169) | (1,174) |
Net Cash Provided By (Used In) Financing Activities | 2,442 | 11,712 |
Net Increase in Cash and Cash Equivalents | 6,404 | 4,292 |
Cash and cash equivalents at beginning of period | 33,243 | 11,136 |
Cash and Cash Equivalents at End of Period | $ 39,647 | $ 15,428 |
Note 1 - Presentation of Interi
Note 1 - Presentation of Interim Information | 6 Months Ended |
Jun. 30, 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 June 30, 2015, this noncontrolling interest represented 0.2% ownership of the REIT. On September 23, 2014, the Company formed FHB Risk Mitigation Services, Inc. (“Captive”). The Captive is a wholly-owned insurance subsidiary of the Company that provides property and casualty insurance coverage to the Company, the Bank and the Bank’s subsidiaries, and reinsurance to five other third party insurance captives for which insurance may not be currently available or economically feasible in the insurance marketplace. In the opinion of management, the unaudited consolidated financial statements include all adjustments considered necessary to present fairly the financial position as of June 30, 2015, and the results of operations for the three months and six months ended June 30, 2015 and 2014 and the cash flows for the six months ended June 30, 2015 and 2014. All of these adjustments are of a normal, recurring nature. Such adjustments are the only adjustments included in the unaudited consolidated financial statements. Interim results are not necessarily indicative of results for a full year or any other period. The accompanying unaudited consolidated financial statements and notes have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial statements and are presented as permitted by the instructions to Form 10-Q. Accordingly, they do not contain certain information included in the Company’s annual audited consolidated financial statements and related footnotes for the year ended December 31, 2014 included in the Company’s Annual Report on Form 10-K. The unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. |
Note 2 - Proposed Merger
Note 2 - Proposed Merger | 6 Months Ended |
Jun. 30, 2015 | |
Business Combinations [Abstract] | |
Business Combination Disclosure [Text Block] | 2. Proposed Merger On June 4, 2015, the Company and Peoples Bancorp, Inc. of Bullitt County (“Peoples”) entered into an Agreement and Plan of Merger (the “Agreement”) pursuant to which Peoples will merge with and into the Company, with the Company as the surviving corporation. Subsequent to the merger, The Peoples Bank of Bullitt County, a wholly-owned subsidiary of Peoples, will merge with and into the Bank, with the Bank as the surviving bank. The Agreement provides that shareholders of Peoples may elect to receive either 382.83 shares of Company common stock or $9,475 in cash for each share of Peoples common stock owned, subject to proration provisions specified in the Agreement that provide for a targeted aggregate mix of total consideration of 50% common stock and 50% cash. At the effective time of the merger, the exchange ratio and cash price per share may be adjusted based on provisions in the Agreement for changes in the price of the Company’s common stock or a decrease in the consolidated net book value of Peoples. Shareholders of Peoples also may receive an additional cash payment as specified in the Agreement if Peoples sells certain specified assets prior to the effective time of the merger, or the Company sells such assets within twenty-four months after the effective time of the merger. Subject to the approval of the merger by the shareholders of both the Company and Peoples, receipt of regulatory approvals and satisfaction of other customary closing conditions, the parties anticipate completing the merger in the fourth quarter of 2015. |
Note 3 - Investment Securities
Note 3 - Investment Securities | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block Supplement [Abstract] | |
Investments in Debt and Equity Instruments, Cash and Cash Equivalents, Unrealized and Realized Gains (Losses) [Text Block] | 3. Investment Securities Debt and equity securities have been classified in the consolidated balance sheets according to management’s intent. Investment securities at June 30, 2015 and December 31, 2014 are summarized as follows: (In thousands) Amortized Gross Gross Fair June 30, 2015 Securities available for sale: Agency mortgage-backed securities $ 34,387 $ 154 $ 203 $ 34,338 Agency CMO 11,478 65 81 11,462 Other debt securities: Agency notes and bonds 18,554 35 56 18,533 Municipal obligations 31,834 896 179 32,551 Subtotal - debt securities 96,253 1,150 519 96,884 Mutual funds 1,477 0 0 1,477 Total securities available for sale $ 97,730 $ 1,150 $ 519 $ 98,361 Securities held to maturity: Agency mortgage-backed securities $ 5 $ 0 $ 0 $ 5 Total securities held to maturity $ 5 $ 0 $ 0 $ 5 December 31, 2014 Securities available for sale: Agency mortgage-backed securities $ 32,135 $ 240 $ 79 $ 32,296 Agency CMO 14,461 74 150 14,385 Other debt securities: Agency notes and bonds 18,136 32 48 18,120 Municipal obligations 32,178 1,242 78 33,342 Subtotal - debt securities 96,910 1,588 355 98,143 Mutual funds 2,083 0 0 2,083 Total securities available for sale $ 98,993 $ 1,588 $ 355 $ 100,226 Securities held to maturity: Agency mortgage-backed securities $ 6 $ 0 $ 0 $ 6 Total securities held to maturity $ 6 $ 0 $ 0 $ 6 Agency notes and bonds, agency mortgage-backed securities and agency collateralized mortgage obligations (CMO) include securities issued by the Government National Mortgage Association (GNMA), a U.S. government agency, and the Federal National Mortgage Association (FNMA), the Federal Home Loan Mortgage Corporation (FHLMC) and the Federal Home Loan Bank (FHLB), which are government-sponsored enterprises. The amortized cost and fair value of debt securities as of June 30, 2015, by contractual maturity, are shown below. Expected maturities of mortgage-backed securities may differ from contractual maturities because the mortgages underlying the obligations may be prepaid without penalty. Securities Available for Sale Securities Held to Maturity Amortized Fair Amortized Fair (In thousands) Due in one year or less $ 1,070 $ 1,074 $ 0 $ 0 Due after one year through five years 17,306 17,354 0 0 Due after five years through ten years 19,267 19,604 Due after ten years 12,745 13,052 0 0 50,388 51,084 0 0 Mortgage-backed securities and CMO 45,865 45,800 5 5 $ 96,253 $ 96,884 $ 5 $ 5 Information pertaining to investment securities available for sale with gross unrealized losses at June 30, 2015, aggregated by investment category and the length of time that individual investment securities have been in a continuous position, follows: Number of Fair Gross (Dollars in thousands) Continuous loss position less than twelve months: Agency notes and bonds 9 $ 7,696 $ 53 Agency mortgage-backed securities 22 17,893 150 Muncipal obligations 17 6,568 95 Total less than twelve months 48 32,157 298 Continuous loss position more than twelve months: Agency notes and bonds 1 999 3 Agency CMO 9 6,594 81 Agency mortgage-backed securities 4 4,426 53 Muncipal obligations 5 2,306 84 Total more than twelve months 19 14,325 221 Total securities available for sale 67 $ 46,482 $ 519 Management evaluates securities for other-than-temporary impairment at least quarterly, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recover in fair value. At June 30, 2015, the 67 U.S. government agency debt securities, including agency notes and bonds, mortgage-backed securities and CMO, and municipal obligations in a loss position had depreciated approximately 1.1% from the amortized cost basis. All of the U.S. government agency securities and municipal obligations are issued by U.S. government agencies, government-sponsored enterprises and municipal governments, or are secured by first mortgage loans and municipal project revenues. These unrealized losses related principally to current interest rates for similar types of securities. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government, its agencies or other governments, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. As the Company has the ability to hold the debt securities until maturity, or the foreseeable future if classified as available for sale, no declines are deemed to be other-than-temporary. During the three and six months ended June 30, 2015, the Company did not have any security sales. During the three and six months ended June 30, 2014, the Company realized gross gains on sales of available for sale municipal securities of $54,000. In June 2014, the Company acquired an additional 31,750 shares of common stock in another financial institution, in addition to the 100,000 shares acquired in December 2013, representing approximately 9% of the outstanding common stock of the entity, for a total investment of $711,000. The investment is accounted for using the cost method of accounting and is included in other assets in the consolidated balance sheet. |
Note 4 - Loans and Allowance fo
Note 4 - Loans and Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2015 | |
Receivables [Abstract] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. Loans and Allowance for Loan Losses The Company’s loan and allowance for loan loss policies are as follows: Loans are stated at unpaid principal balances, less net deferred loan fees and the allowance for loan losses. The Company grants real estate mortgage, commercial business and consumer loans. A substantial portion of the loan portfolio is represented by mortgage loans to customers in southern Indiana. The ability of the Company’s customers to honor their loan agreements is dependent upon the real estate and general economic conditions in this area. Loan origination and commitment fees, as well as certain direct costs of underwriting and closing loans, are deferred and amortized as a yield adjustment to interest income over the lives of the related loans using the interest method. Amortization of net deferred loan fees is discontinued when a loan is placed on nonaccrual status. The recognition of income on a loan is discontinued and previously accrued interest is reversed, when interest or principal payments become ninety (90) days past due unless, in the opinion of management, the outstanding interest remains collectible. Past due status is determined based on contractual terms. Generally, by applying the cash receipts method, interest income is subsequently recognized only as received until the loan is returned to accrual status. The cash receipts method is used when the likelihood of further loss on the loan is remote. Otherwise, the Company applies the cost recovery method and applies all payments as a reduction of the unpaid principal balance until the loan qualifies for return to accrual status. Interest income on impaired loans is recognized using the cost recovery method, unless the likelihood of further loss on the loan is remote. A loan is restored to accrual status when all principal and interest payments are brought current and the borrower has demonstrated the ability to make future payments of principal and interest as scheduled, which generally requires that the borrower demonstrate a period of performance of at least six consecutive months. For portfolio segments other than consumer loans, the Company’s practice is to charge-off any loan or portion of a loan when the loan is determined by management to be uncollectible due to the borrower’s failure to meet repayment terms, the borrower’s deteriorating or deteriorated financial condition, the depreciation of the underlying collateral, the loan’s classification as a loss by regulatory examiners, or for other reasons. A partial charge-off is recorded on a loan when the uncollectibility of a portion of the loan has been confirmed, such as when a loan is discharged in bankruptcy, the collateral is liquidated, a loan is restructured at a reduced principal balance, or other identifiable events that lead management to determine the full principal balance of the loan will not be repaid. A specific reserve is recognized as a component of the allowance for estimated losses on loans individually evaluated for impairment. Partial charge-offs on nonperforming and impaired loans are included in the Company’s historical loss experience used to estimate the general component of the allowance for loan losses as discussed below. Specific reserves are not considered charge-offs in management’s analysis of the allowance for loan losses because they are estimates and the outcome of the loan relationship is undetermined. At June 30, 2015, the Company had 11 loans on which partial charge-offs of $464,000 had been recorded. Consumer loans not secured by real estate are typically charged off at 90 days past due, or earlier if deemed uncollectible, unless the loans are in the process of collection. Overdrafts are charged off after 45 days past due. Charge-offs are typically recorded on loans secured by real estate when the property is foreclosed upon. The allowance for loan losses reflects management’s judgment of probable loan losses inherent in the loan portfolio at the balance sheet date. Additions to the allowance for loan losses are made by the provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The Company uses a disciplined process and methodology to evaluate the allowance for loan losses on at least a quarterly basis that is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral, and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The allowance consists of specific and general components. The specific component relates to loans that are individually evaluated for impairment or loans otherwise classified as doubtful, substandard, or special mention. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and classified loans that are found, upon individual evaluation, to not be impaired. Such loans are pooled by segment and losses are modeled using annualized historical loss experience adjusted for qualitative factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the most recent twelve calendar quarters unless the historical loss experience is not considered indicative of the level of risk in the remaining balance of a particular portfolio segment, in which case an adjustment is determined by management. The Company’s historical loss experience is then adjusted by an overall loss factor weighting adjustment based on a qualitative analysis prepared by management and reviewed on a quarterly basis. The overall loss factor considers changes in underwriting standards, economic conditions, changes and trends in past due and classified loans and other internal and external factors. Management also applies additional loss factor multiples to loans classified as watch, special mention and substandard that are not individually evaluated for impairment. The loss factor multiples for classified loans are based on management’s assessment of historical trends regarding losses experienced on classified loans in prior periods. See below for additional discussion of the overall loss factor and loss factor multiples for classified loans as of June 30, 2015 and December 31, 2014, as well as a discussion of changes in management’s allowance for loan losses methodology from 2014 to 2015. Management exercises significant judgment in evaluating the relevant historical loss experience and the qualitative factors. Management also monitors the differences between estimated and actual incurred loan losses for loans considered impaired in order to evaluate the effectiveness of the estimation process and make any changes in the methodology as necessary. Management utilizes the following portfolio segments in its analysis of the allowance for loan losses: residential real estate, land, construction, commercial real estate, commercial business, home equity and second mortgage, and other consumer loans. Additional discussion of the portfolio segments and the risks associated with each segment can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan-by-loan basis by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Values for collateral dependent loans are generally based on appraisals obtained from independent licensed real estate appraisers, with adjustments applied for estimated costs to sell the property, costs to complete unfinished or repair damaged property and other factors. New appraisals are generally obtained for all significant properties when a loan is identified as impaired, and a property is considered significant if the value of the property is estimated to exceed $200,000. Subsequent appraisals are obtained as needed or if management believes there has been a significant change in the market value of the property. In instances where it is not deemed necessary to obtain a new appraisal, management bases its impairment and allowance for loan loss analysis on the original appraisal with adjustments for current conditions based on management’s assessment of market factors and management’s inspection of the property. At June 30, 2015, the recorded investments in loans secured by residential real estate properties for which formal foreclosure proceedings are in process was $436,000. Loans at June 30, 2015 and December 31, 2014 consisted of the following: (In thousands) June 30, December 31, Real estate mortgage loans: Residential $ 107,136 $ 106,679 Land 10,526 11,028 Residential construction 13,691 10,347 Commercial real estate 75,521 78,314 Commercial real estate contruction 474 1,422 Commercial business loans 24,983 28,282 Consumer loans: Home equity and second mortgage loans 37,844 37,513 Automobile loans 27,194 25,274 Loans secured by savings accounts 920 1,018 Unsecured loans 3,445 3,316 Other consumer loans 6,007 5,075 Gross loans 307,741 308,268 Less undisbursed portion of loans in process (5,824 ) (3,325 ) Principal loan balance 301,917 304,943 Deferred loan origination fees, net 548 506 Allowance for loan losses (3,600 ) (4,846 ) Loans, net $ 298,865 $ 300,603 The following table provides the components of the Company’s recorded investment in loans at June 30, 2015: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 107,136 $ 10,526 $ 8,341 $ 75,521 $ 24,983 $ 37,844 $ 37,566 $ 301,917 Accrued interest receivable 339 38 21 168 131 124 146 967 Net deferred loan origination fees and costs 63 4 0 (37 ) (7 ) 525 0 548 Recorded investment in loans $ 107,538 $ 10,568 $ 8,362 $ 75,652 $ 25,107 $ 38,493 $ 37,712 $ 303,432 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,419 $ 20 $ 0 $ 1,800 $ 0 $ 143 $ 0 $ 3,382 Collectively evaluated for impairment 106,119 10,548 8,362 73,852 25,107 38,350 37,712 300,050 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 107,538 $ 10,568 $ 8,362 $ 75,652 $ 25,107 $ 38,493 $ 37,712 $ 303,432 The following table provides the components of the Company’s recorded investment in loans at December 31, 2014: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 106,679 $ 11,028 $ 8,444 $ 78,314 $ 28,282 $ 37,513 $ 34,683 $ 304,943 Accrued interest receivable 368 48 20 186 131 131 152 1,036 Net deferred loan origination fees and costs 49 4 (1 ) (20 ) (7 ) 481 0 506 Recorded investment in loans $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,411 $ 16 $ 0 $ 1,819 $ 1,642 $ 151 $ 0 $ 5,039 Collectively evaluated for impairment 105,685 11,064 8,463 76,661 26,764 37,974 34,835 301,446 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 An analysis of the allowance for loan losses as of June 30, 2015 is as follows: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 75 $ 0 $ 0 $ 8 $ 0 $ 10 $ 0 $ 93 Collectively evaluated for impairment 559 173 51 1,661 161 638 264 3,507 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 634 $ 173 $ 51 $ 1,669 $ 161 $ 648 $ 264 $ 3,600 An analysis of the allowance for loan losses as of December 31, 2014 is as follows: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 47 $ 0 $ 0 $ 11 $ 1,293 $ 0 $ 0 $ 1,351 Collectively evaluated for impairment 562 201 60 1,490 187 720 275 3,495 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 609 $ 201 $ 60 $ 1,501 $ 1,480 $ 720 $ 275 $ 4,846 An analysis of the changes in the allowance for loan losses for the three months and six months ended June 30, 2015 is as follows: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2015 Beginning balance $ 672 $ 197 $ 65 $ 1,462 $ 239 $ 716 $ 283 $ 3,634 Provisions for loan losses (39 ) (24 ) (14 ) 204 (58 ) (38 ) 19 50 Charge-offs 0 0 0 0 (22 ) (31 ) (72 ) (125 ) Recoveries 1 0 0 3 2 1 34 41 Ending balance $ 634 $ 173 $ 51 $ 1,669 $ 161 $ 648 $ 264 $ 3,600 Changes in Allowance for Loan Losses for the six-months ended June 30, 2015 Beginning balance $ 609 $ 201 $ 60 $ 1,501 $ 1,480 $ 720 $ 275 $ 4,846 Provisions for loan losses 42 (28 ) (9 ) 156 (117 ) (45 ) 51 50 Charge-offs (20 ) 0 0 0 (1,205 ) (33 ) (124 ) (1,382 ) Recoveries 3 0 0 12 3 6 62 86 Ending balance $ 634 $ 173 $ 51 $ 1,669 $ 161 $ 648 $ 264 $ 3,600 An analysis of the changes in the allowance for loan losses for the three months and six months ended June 30, 2014 is as follows: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2014 Beginning balance $ 838 $ 144 $ 70 $ 1,276 $ 1,450 $ 902 $ 331 $ 5,011 Provisions for loan losses 24 9 8 4 (10 ) 41 14 90 Charge-offs (21 ) 0 0 0 0 (36 ) (36 ) (93 ) Recoveries 2 0 0 0 4 25 27 58 Ending balance $ 843 $ 153 $ 78 $ 1,280 $ 1,444 $ 932 $ 336 $ 5,066 Changes in Allowance for Loan Losses for the six-months ended June 30, 2014 Beginning balance $ 811 $ 152 $ 63 $ 1,284 $ 1,446 $ 877 $ 289 $ 4,922 Provisions for loan losses 113 1 15 (4 ) (7 ) (70 ) 67 115 Charge-offs (84 ) 0 0 0 0 (54 ) (88 ) (226 ) Recoveries 3 0 0 0 5 179 68 255 Ending balance $ 843 $ 153 $ 78 $ 1,280 $ 1,444 $ 932 $ 336 $ 5,066 At June 30, 2015 and December 31, 2014, management applied specific qualitative factor adjustments to the residential real estate, construction, commercial real estate, commercial business, vacant land, and home equity and second mortgage portfolio segments as they determined that the historical loss experience was not indicative of the level of risk in the remaining balance of those portfolio segments. These adjustments increased the loss factors by 0.25% to 20% for certain loan groups, and increased the estimated allowance for loan losses related to those portfolio segments by approximately $1.4 million and $1.6 million at June 30, 2015 and December 31, 2014, respectively. These changes were made to reflect management’s estimates of inherent losses in these portfolio segments at June 30, 2015 and December 31, 2014. At June 30, 2015 and December 31, 2014, for each loan portfolio segment, management applied an overall qualitative factor of 1.18 to the Company’s historical loss factors. The overall qualitative factor is derived from management’s analysis of changes and trends in the following qualitative factors: underwriting standards, economic conditions, past due loans and other internal and external factors. Each of the four factors above was assigned an equal weight to arrive at an average for the overall qualitative factor of 1.18 at June 30, 2015 and December 31, 2014, respectively. The effect of the overall qualitative factor was to increase the estimated allowance for loan losses by $527,000 and $520,000 at June 30, 2015 and December 31, 2014, respectively. Additional discussion of the overall qualitative factor can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. There were no changes in management’s assessment of the overall qualitative factor components from December 31, 2014 to June 30, 2015. Management also adjusts the historical loss factors for loans classified as watch, special mention and substandard that are not individually evaluated for impairment. The adjustments consider the increased likelihood of loss on classified loans based on the Company’s separate historical experience for classified loans. The effect of the adjustments for classified loans was to increase the estimated allowance for loan losses by $532,000 and $664,000 at June 30, 2015 and December 31, 2014, respectively. The following table summarizes the Company’s impaired loans as of June 30, 2015 and for the three months and six months ended June 30, 2015. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three or six month periods ended June 30, 2015: At June 30, 2015 Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Recorded Unpaid Related Average Interest Average Interest (In thousands) Loans with no related allowance recorded: Residential $ 1,122 $ 1,444 $ - $ 1,235 $ 5 $ 1,204 $ 10 Land 20 22 - 20 0 18 0 Construction 0 0 - 0 0 0 0 Commercial real estate 1,762 1,801 - 1,773 19 1,774 38 Commercial business 0 0 - 13 0 9 0 Home equity/2nd mortgage 63 81 - 65 0 67 1 Other consumer 0 0 - 0 0 0 0 2,967 3,348 - 3,106 24 3,072 49 Loans with an allowance recorded: Residential 297 335 75 254 0 259 0 Land 0 0 0 0 0 0 0 Construction 0 0 0 0 0 0 0 Commercial real estate 38 63 8 39 0 40 0 Commercial business 0 0 0 18 0 559 0 Home equity/2nd mortgage 80 81 10 80 0 80 0 Other consumer 0 0 0 0 0 0 0 415 479 93 391 0 938 0 Total: Residential 1,419 1,779 75 1,489 5 1,463 10 Land 20 22 0 20 0 18 0 Construction 0 0 0 0 0 0 0 Commercial real estate 1,800 1,864 8 1,812 19 1,814 38 Commercial business 0 0 0 31 0 568 0 Home equity/2nd mortgage 143 162 10 145 0 147 1 Other consumer 0 0 0 0 0 0 0 $ 3,382 $ 3,827 $ 93 $ 3,497 $ 24 $ 4,010 $ 49 The following table summarizes the Company’s impaired loans for the three months and six months ended June 30, 2014. The Company did not recognize any interest income on impaired loans using the cash receipts method of accounting for the three or six month periods ended June 30, 2014: Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 Average Interest Average Interest Loans with no related allowance recorded: Residential $ 1,345 $ 8 $ 1,427 $ 18 Land 119 0 119 0 Construction 130 0 87 0 Commercial real estate 1,525 17 1,562 34 Commercial business 94 0 126 0 Home equity/2nd mortgage 169 0 197 1 Other consumer 0 0 0 0 3,382 25 3,518 53 Loans with an allowance recorded: Residential 436 0 440 0 Land 3 0 2 0 Construction 0 0 0 0 Commercial real estate 1,123 0 1,065 0 Commercial business 1,726 0 1,720 0 Home equity/2nd mortgage 16 0 18 0 Other consumer 0 0 0 0 3,304 0 3,245 0 Total: Residential 1,781 8 1,867 18 Land 122 0 121 0 Construction 130 0 87 0 Commercial real estate 2,648 17 2,627 34 Commercial business 1,820 0 1,846 0 Home equity/2nd mortgage 185 0 215 1 Other consumer 0 0 0 0 $ 6,686 $ 25 $ 6,763 $ 53 The following table summarizes the Company’s impaired loans as of December 31, 2014: Recorded Unpaid Related (In thousands) Loans with no related allowance recorded: Residential $ 1,141 $ 1,446 $ - Land 16 18 - Construction 0 0 - Commercial real estate 1,777 1,808 - Commercial business 0 0 - Home equity/2nd mortgage 71 87 - Other consumer 0 0 - 3,005 3,359 - Loans with an allowance recorded: Residential 270 304 47 Land 0 0 0 Construction 0 0 0 Commercial real estate 42 65 11 Commercial business 1,642 1,909 1,293 Home equity/2nd mortgage 80 98 0 Other consumer 0 0 0 2,034 2,376 1,351 Total: Residential 1,411 1,750 47 Land 16 18 0 Construction 0 0 0 Commercial real estate 1,819 1,873 11 Commercial business 1,642 1,909 1,293 Home equity/2nd mortgage 151 185 0 Other consumer 0 0 0 $ 5,039 $ 5,735 $ 1,351 Nonperforming loans consists of nonaccrual loans and loans over 90 days past due and still accruing interest. The following table presents the recorded investment in nonperforming loans at June 30, 2015 and December 31, 2014: June 30, 2015 December 31, 2014 Nonaccrual Loans 90+ Days Total Nonaccrual Loans 90+ Days Total (In thousands) Residential $ 1,069 $ 14 $ 1,083 $ 919 $ 68 $ 987 Land 20 0 20 16 0 16 Construction 0 0 0 0 0 0 Commercial real estate 434 21 455 433 0 433 Commercial business 0 0 0 1,642 0 1,642 Home equity/2nd mortgage 122 0 122 129 14 143 Other consumer 0 19 19 0 3 3 Total $ 1,645 $ 54 $ 1,699 $ 3,139 $ 85 $ 3,224 The following table presents the aging of the recorded investment in loans at June 30, 2015: 30-59 Days 60-89 Days 90 Days or More Total Current Total (In thousands) Residential $ 2,556 $ 519 $ 587 $ 3,662 $ 103,876 $ 107,538 Land 0 8 20 28 10,540 10,568 Construction 0 0 0 0 8,362 8,362 Commercial real estate 0 192 77 269 75,383 75,652 Commercial business 0 0 0 0 25,107 25,107 Home equity/2nd mortgage 124 92 3 219 38,274 38,493 Other consumer 200 25 19 244 37,468 37,712 Total $ 2,880 $ 836 $ 706 $ 4,422 $ 299,010 $ 303,432 The following table presents the aging of the recorded investment in loans at December 31, 2014: 30-59 Days 60-89 Days 90 Days or More Total Current Total (In thousands) Residential $ 3,070 $ 551 $ 308 $ 3,929 $ 103,167 $ 107,096 Land 24 124 0 148 10,932 11,080 Construction 0 0 0 0 8,463 8,463 Commercial real estate 54 133 42 229 78,251 78,480 Commercial business 0 0 0 0 28,406 28,406 Home equity/2nd mortgage 153 23 97 273 37,852 38,125 Other consumer 263 26 3 292 34,543 34,835 Total $ 3,564 $ 857 $ 450 $ 4,871 $ 301,614 $ 306,485 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, public information, historical payment experience, credit documentation, and current economic trends, among other factors. The Company classifies loans based on credit risk at least quarterly. The Company uses the following regulatory definitions for risk ratings: Special Mention: Substandard: Doubtful: Loss: Loans not meeting the criteria above that are analyzed individually as part of the described process are considered to be pass rated loans. The following table presents the recorded investment in loans by risk category as of the date indicated: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) June 30, 2015 Pass $ 105,401 $ 7,661 $ 8,362 $ 72,937 $ 24,264 $ 38,229 $ 37,639 $ 294,493 Special Mention 100 92 0 1,649 514 1 57 2,413 Substandard 968 2,795 0 632 329 141 16 4,881 Doubtful 1,069 20 0 434 0 122 0 1,645 Loss 0 0 0 0 0 0 0 0 Total $ 107,538 $ 10,568 $ 8,362 $ 75,652 $ 25,107 $ 38,493 $ 37,712 $ 303,432 December 31, 2014 Pass $ 104,780 $ 7,969 $ 7,722 $ 73,204 $ 26,137 $ 37,860 $ 34,770 $ 292,442 Special Mention 105 94 741 2,648 298 2 49 3,937 Substandard 1,292 3,001 0 2,195 329 134 16 6,967 Doubtful 919 16 0 433 1,642 129 0 3,139 Loss 0 0 0 0 0 0 0 0 Total $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 The following table summarizes the Company’s troubled debt restructurings (TDRs) by accrual status as of June 30, 2015 and December 31, 2014: June 30, 2015 December 31, 2014 Accruing Nonaccrual Total Related Allowance Accruing Nonaccrual Total Related Allowance (In thousands) Troubled debt restructurings: Residential real estate $ 349 $ 310 $ 659 $ 3 $ 492 $ 166 $ 658 $ 6 Commercial real estate 1,367 331 1,698 0 1,386 338 1,724 0 Commercial business 0 0 0 0 0 1,642 1,642 1,292 Home equity and 2nd mortgage 21 0 21 0 22 0 22 0 Total $ 1,737 $ 641 $ 2,378 $ 3 $ 1,900 $ 2,146 $ 4,046 $ 1,298 At June 30, 2015 and December 31, 2014, there were no commitments to lend additional funds to debtors whose loan terms have been modified in a TDR. There were no TDRs that were restructured during the three or six months ended June 30, 2015. The following table summarizes information in regard to TDRs that were restructured during the six months ended June 30, 2014. There were no TDRs that were restructured during the three months ended June 30, 2014: Six months ended June 30, 2014 Number of Pre-Modification Post-Modification (Dollars in thousands) Troubled debt restructurings: Commercial real estate 3 $ 542 $ 542 Total 3 $ 542 $ 542 For the TDRs listed above, the terms of modification included a temporary decrease in the borrowers’ monthly payments. There were no principal charge-offs recorded as a result of TDRs during the three months and six months ended June 30, 2014, and there was no specific allowance for loan losses related to TDRs modified during the three months and six months ended June 30, 2014. There were no TDRs modified within the previous 12 months for which there was a subsequent payment default (defined as the loan becoming more than 90 days past due, being moved to nonaccrual status, or the collateral being foreclosed upon) during the three months and six months ended June 30, 2015 and 2014. In the event that a TDR subsequently defaults, the Company evaluates the restructuring for possible impairment. As a result, the related allowance for loan losses may be increased or charge-offs may be taken to reduce the carrying amount of the loan. |
Note 5 - Supplemental Disclosur
Note 5 - Supplemental Disclosure for Earnings Per Share | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | 5. Supplemental Disclosure for Earnings Per Share Three Months Ended Six Months Ended 6/30/2015 6/30/2014 6/30/2015 6/30/2014 Basic (Dollars in thousands, except for share and per share data) Earnings: Net income attributable to First Capital, Inc. $ 1,228 $ 1,518 $ 2,694 $ 2,815 Shares: Weighted average common shares outstanding 2,740,689 2,757,335 2,740,596 2,770,637 Net income attributable to First Capital, Inc. per common share, basic $ 0.45 $ 0.55 $ 0.98 $ 1.02 Diluted Earnings: Net income attributable to First Capital, Inc. $ 1,228 $ 1,518 $ 2,694 $ 2,815 Shares: Weighted average common shares outstanding 2,740,689 2,757,335 2,740,596 2,770,637 Add: Dilutive effect of restricted stock 506 0 156 0 Weighted average common shares outstanding, as adjusted 2,741,195 2,757,335 2,740,752 2,770,637 Net income attributable to First Capital, Inc. per common share, diluted $ 0.45 $ 0.55 $ 0.98 $ 1.02 Nonvested restricted stock shares are not considered as outstanding for purposes of computing weighted average common shares outstanding. |
Note 6 - Stock Option Plan
Note 6 - Stock Option Plan | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 6. Stock Option Plan On May 20, 2009, the Company adopted the 2009 Equity Incentive Plan (the Plan). The Plan provides for the award of stock options, restricted stock, performance shares and stock appreciation rights. The aggregate number of shares of the Company’s common stock available for issuance under the Plan may not exceed 223,000 shares. The Company may grant both non-statutory and statutory stock options which may not have a term exceeding ten years. In the case of incentive stock options, the aggregate fair value of the stock (determined at the time the incentive stock option is granted) for which any optionee may be granted incentive options which are first exercisable during any calendar year shall not exceed $100,000. Option prices may not be less than the fair market value of the underlying stock at the date of the grant. An award of a performance share is a grant of a right to receive shares of the Company’s common stock which is contingent upon the achievement of specific performance criteria or other objectives set at the grant date. Stock appreciation rights are equity or cash settled share-based compensation arrangements whereby the number of shares that will ultimately be issued or the cash payment is based upon the appreciation of the Company’s common stock. Awards granted under the Plan may be granted either alone, in addition to, or in tandem with, any other award granted under the Plan. The fair market value of stock options granted is estimated at the date of grant using an option pricing model. Expected volatilities are based on historical volatility of the Company's stock. The expected term of options granted represents the period of time that options are expected to be outstanding and is based on historical trends. The risk free rate for the expected life of the options is based on the U.S. Treasury yield curve in effect at the time of grant. As of June 30, 2015, no stock options had been granted under the Plan. On February 17, 2015, the Company granted 19,500 restricted stock shares to directors, officers and key employees at a grant-date price of $24.50 per share for a total of $478,000. The restricted stock vests ratably from the grant date through July 1, 2020, with 20% of the shares vesting each year on July 1 beginning July 1, 2016. Compensation expense is measured based on the fair market value of the restricted stock at the grant date and is recognized ratably over the period during which the shares are earned (the vesting period). Compensation expense related to restricted stock recognized for the three-month and six-month periods ended June 30, 2015 amounted to $21,000 and $38,000, respectively. A summary of the Company’s nonvested restricted shares activity under the Plan as of June 30, 2015 and changes during the six-month period then ended is presented below. Number Weighted Nonvested at January 1, 2015 - - Granted 19,500 $ 24.50 Vested 500 24.50 Forfeited 1,000 24.50 Nonvested at June 30, 2015 18,000 $ 24.50 There were 500 restricted shares that vested during the six-month period ended June 30, 2015, upon the retirement of a director. The total fair value of restricted shares that vested during the six-month period ended June 30, 2015 was $13,000. At June 30, 2015, there was $415,000 of total unrecognized compensation expense related to nonvested restricted shares. The compensation expense is expected to be recognized over the remaining vesting period of 5 years. |
Note 7 - Supplemental Disclosur
Note 7 - Supplemental Disclosures of Cash Flow Information | 6 Months Ended |
Jun. 30, 2015 | |
Supplemental Cash Flow Elements [Abstract] | |
Cash Flow, Supplemental Disclosures [Text Block] | 7. Supplemental Disclosures of Cash Flow Information Six Months Ended 2015 2014 ( In thousands ) Cash payments for: Interest $ 516 $ 632 Taxes 1,035 1,042 Noncash investing activities: Transfers from loans to real estate acquired through foreclosure 562 75 |
Note 8 - Fair Value Measurement
Note 8 - Fair Value Measurements | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | 8. Fair Value Measurements Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 820 , Fair Value Measurements, Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. Level 2: Inputs to the valuation methodology include quoted market prices for similar assets or liabilities in active markets; quoted market prices for identical or similar assets or liabilities in markets that are not active; or inputs that are derived principally from or can be corroborated by observable market data by correlation or other means. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth on the following page. These valuation methodologies were applied to all of the Company’s financial and nonfinancial assets carried at fair value or the lower of cost or fair value. The table below presents the balances of assets measured at fair value on a recurring and nonrecurring basis as of June 30, 2015 and December 31, 2014. The Company had no liabilities measured at fair value as of June 30, 2015 or December 31, 2014. Carrying Value (In thousands) Level 1 Level 2 Level 3 Total June 30, 2015 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ 0 $ 34,338 $ 0 $ 34,338 Agency CMO 0 11,462 0 11,462 Agency notes and bonds 0 18,533 0 18,533 Municipal obligations 0 32,551 0 32,551 Mutual funds 1,477 0 0 1,477 Total securities available for sale $ 1,477 $ 96,884 $ 0 $ 98,361 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ 0 $ 0 $ 1,344 $ 1,344 Land 0 0 20 20 Construction 0 0 0 0 Commercial real estate 0 0 1,792 1,792 Commercial business 0 0 0 0 Home equity and second mortgage 0 0 133 133 Total impaired loans $ 0 $ 0 $ 3,289 $ 3,289 Loans held for sale $ 0 $ 1,673 $ 0 $ 1,673 Foreclosed real estate: Residential real estate $ 0 $ 0 $ 87 $ 87 Commercial real estate 0 0 480 480 Total foreclosed real estate $ 0 $ 0 $ 567 $ 567 December 31, 2014 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ 0 $ 32,296 $ 0 $ 32,296 Agency CMO 0 14,385 0 14,385 Agency notes and bonds 0 18,120 0 18,120 Municipal obligations 0 33,342 0 33,342 Mutual funds 2,083 0 0 2,083 Total securities available for sale $ 2,083 $ 98,143 $ 0 $ 100,226 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ 0 $ 0 $ 1,364 $ 1,364 Land 0 0 16 16 Construction 0 0 0 0 Commercial real estate 0 0 1,808 1,808 Commercial business 0 0 349 349 Home equity and second mortgage 0 0 151 151 Total impaired loans $ 0 $ 0 $ 3,688 $ 3,688 Loans held for sale $ 0 $ 1,608 $ 0 $ 1,608 Foreclosed real estate: Residential real estate $ 0 $ 0 $ 78 $ 78 Total foreclosed real estate $ 0 $ 0 $ 78 $ 78 Fair value is based upon quoted market prices, where available. If quoted market prices are not available, fair value is based on internally developed models or obtained from third parties that primarily use, as inputs, observable market-based parameters or a matrix pricing model that employs the Bond Market Association’s standard calculations for cash flow and price/yield analysis and observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value, or the lower of cost or fair value. These adjustments may include unobservable parameters. Any such valuation adjustments have been applied consistently over time. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Securities Available for Sale . Impaired Loans Impaired loans are carried at the present value of estimated future cash flows using the loan's effective interest rate or the fair value of collateral less estimated costs to sell if the loan is collateral dependent. At June 30, 2015 and December 31, 2014, all impaired loans were considered to be collateral dependent for the purpose of determining fair value. Collateral may be real estate and/or business assets, including equipment, inventory and/or accounts receivable. The fair value of the collateral is generally determined based on real estate appraisals or other independent evaluations by qualified professionals, adjusted for estimated costs to sell the property, costs to complete or repair the property and other factors to reflect management’s estimate of the fair value of the collateral given the current market conditions and the condition of the collateral. At June 30, 2015 and December 31, 2014, the significant unobservable inputs used in the fair value measurement of impaired loans included a discount from appraised value for estimates of changes in market conditions, the condition of the collateral and estimated costs to sell the collateral ranging from 10% to 20%. The Company recognized provisions for loan losses of $82,000 and $21,000 for the six months ended June 30, 2015 and 2014, respectively, for impaired loans. The Company recognized provisions for loan losses of $47,000 and $8,000 for the three months ended June 30, 2015 and June 30, 2014, respectively. Loans Held for Sale Foreclosed Real Estate Foreclosed real estate is reported at fair value less estimated costs to dispose of the property. The fair values are determined by real estate appraisals which are then discounted to reflect management’s estimate of the fair value of the property given current market conditions and the condition of the collateral. At June 30, 2015, the significant unobservable inputs used in the fair value measurement of foreclosed real estate included a discount from appraised value for estimates of changes in market conditions, the condition of the collateral and estimated costs to sell the property ranging from 20% to 60%, with a weighted average of 30%. At December 31, 2014, the discount from appraised value ranged from 10% to 60%, with a weighted average of 40%. There were no charges to write down foreclosed real estate recognized in income for the three months and six months ended June 30, 2015, or the three months and six months ended June 30, 2014. There have been no changes in the valuation techniques and related inputs used for assets measured at fair value on a recurring and nonrecurring basis during the six month periods ended June 30, 2015 and 2014. There were no transfers into or out of the Company’s Level 3 financial assets for the six month periods ended June 30, 2015 and 2014. In addition, there were no transfers into or out of Levels 1 and 2 of the fair value hierarchy during the six month periods ended June 30, 2015 and 2014. GAAP requires disclosure of the fair value of financial assets and financial liabilities, whether or not recognized in the balance sheet. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The estimated fair values of the Company's financial instruments are as follows: Carrying Fair Fair Vale Measurements Using (In thousands) Value Value Level 1 Level 2 Level 3 June 30, 2015 Financial assets: Cash and cash equivalents $ 39,647 $ 39,647 $ 39,647 $ 0 $ 0 Interest-bearing time deposits 9,515 9,618 0 9,618 0 Securities available for sale 98,361 98,361 1,477 96,884 0 Securities held to maturity 5 5 0 5 0 Loans held for sale 1,673 1,708 0 1,708 0 Loans, net 298,865 298,602 0 0 298,602 FHLB stock 1,550 1,550 0 1,550 0 Accrued interest receivable 1,538 1,538 0 1,538 0 Cost method investment (included in other assets) 711 711 0 711 0 Financial liabilities: Deposits 416,247 415,785 0 0 415,785 Accrued interest payable 94 94 0 94 0 December 31, 2014: Financial assets: Cash and cash equivalents $ 33,243 $ 33,243 $ 33,243 $ 0 $ 0 Interest-bearing time deposits 8,270 8,370 0 8,370 0 Securities available for sale 100,226 100,226 2,083 98,143 0 Securities held to maturity 6 6 0 6 0 Loans held for sale 1,608 1,641 0 1,641 0 Loans, net 300,603 301,864 0 0 301,864 FHLB stock 2,241 2,241 0 2,241 0 Accrued interest receivable 1,580 1,580 0 1,580 0 Cost method investment (included in other assets) 711 711 0 711 0 Financial liabilities: Deposits 412,636 412,282 0 0 412,282 Accrued interest payable 127 127 0 127 0 The carrying amounts in the preceding table are included in the consolidated balances sheets under the applicable captions. The following methods and assumptions were used to estimate the fair value of each class of financial instrument for which it is practicable to estimate that value: Cash and Cash Equivalents and Interest-Bearing Time Deposits For cash and short-term investments, including cash and due from banks, interest-bearing deposits with banks, federal funds sold, and interest-bearing time deposits with other financial institutions, the carrying amount is a reasonable estimate of fair value. Investment Securities For marketable equity securities, the fair values are based on quoted market prices. For debt securities, the Company obtains fair value measurements from an independent pricing service and the fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, U.S. government and agency yield curves, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and the security’s terms and conditions, among other factors. For FHLB stock, a restricted equity security, the carrying amount is a reasonable estimate of fair value because it is not marketable. For other cost method equity investments where a quoted market value is not available, the carrying amount is a reasonable estimate of fair value. Loans The fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The carrying amount of accrued interest receivable approximates its fair value. The fair value of loans held for sale is based on specific prices of underlying contracts for sale to investors. Deposits The fair value of demand deposits, savings accounts, money market deposit accounts and other transaction accounts is the amount payable on demand at the balance sheet date. The fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities. The carrying amount of accrued interest payable approximates its fair value. Borrowed Funds The carrying amounts of retail repurchase agreements approximate their fair value. The fair value of advances from FHLB is estimated by discounting the future cash flows using the current rates at which similar loans with the same remaining maturities could be obtained. |
Note 9 - Recent Accounting Pron
Note 9 - Recent Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2015 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | 9. Recent Accounting Pronouncements The following is a summary of recently issued accounting pronouncements that impact the accounting and reporting practices of the Company: In May 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers (Topic 606) |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block Supplement [Abstract] | |
Marketable Securities [Table Text Block] | (In thousands) Amortized Gross Gross Fair June 30, 2015 Securities available for sale: Agency mortgage-backed securities $ 34,387 $ 154 $ 203 $ 34,338 Agency CMO 11,478 65 81 11,462 Other debt securities: Agency notes and bonds 18,554 35 56 18,533 Municipal obligations 31,834 896 179 32,551 Subtotal - debt securities 96,253 1,150 519 96,884 Mutual funds 1,477 0 0 1,477 Total securities available for sale $ 97,730 $ 1,150 $ 519 $ 98,361 Securities held to maturity: Agency mortgage-backed securities $ 5 $ 0 $ 0 $ 5 Total securities held to maturity $ 5 $ 0 $ 0 $ 5 December 31, 2014 Securities available for sale: Agency mortgage-backed securities $ 32,135 $ 240 $ 79 $ 32,296 Agency CMO 14,461 74 150 14,385 Other debt securities: Agency notes and bonds 18,136 32 48 18,120 Municipal obligations 32,178 1,242 78 33,342 Subtotal - debt securities 96,910 1,588 355 98,143 Mutual funds 2,083 0 0 2,083 Total securities available for sale $ 98,993 $ 1,588 $ 355 $ 100,226 Securities held to maturity: Agency mortgage-backed securities $ 6 $ 0 $ 0 $ 6 Total securities held to maturity $ 6 $ 0 $ 0 $ 6 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Securities Available for Sale Securities Held to Maturity Amortized Fair Amortized Fair (In thousands) Due in one year or less $ 1,070 $ 1,074 $ 0 $ 0 Due after one year through five years 17,306 17,354 0 0 Due after five years through ten years 19,267 19,604 Due after ten years 12,745 13,052 0 0 50,388 51,084 0 0 Mortgage-backed securities and CMO 45,865 45,800 5 5 $ 96,253 $ 96,884 $ 5 $ 5 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Number of Fair Gross (Dollars in thousands) Continuous loss position less than twelve months: Agency notes and bonds 9 $ 7,696 $ 53 Agency mortgage-backed securities 22 17,893 150 Muncipal obligations 17 6,568 95 Total less than twelve months 48 32,157 298 Continuous loss position more than twelve months: Agency notes and bonds 1 999 3 Agency CMO 9 6,594 81 Agency mortgage-backed securities 4 4,426 53 Muncipal obligations 5 2,306 84 Total more than twelve months 19 14,325 221 Total securities available for sale 67 $ 46,482 $ 519 |
Note 4 - Loans and Allowance 18
Note 4 - Loans and Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (In thousands) June 30, December 31, Real estate mortgage loans: Residential $ 107,136 $ 106,679 Land 10,526 11,028 Residential construction 13,691 10,347 Commercial real estate 75,521 78,314 Commercial real estate contruction 474 1,422 Commercial business loans 24,983 28,282 Consumer loans: Home equity and second mortgage loans 37,844 37,513 Automobile loans 27,194 25,274 Loans secured by savings accounts 920 1,018 Unsecured loans 3,445 3,316 Other consumer loans 6,007 5,075 Gross loans 307,741 308,268 Less undisbursed portion of loans in process (5,824 ) (3,325 ) Principal loan balance 301,917 304,943 Deferred loan origination fees, net 548 506 Allowance for loan losses (3,600 ) (4,846 ) Loans, net $ 298,865 $ 300,603 |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 75 $ 0 $ 0 $ 8 $ 0 $ 10 $ 0 $ 93 Collectively evaluated for impairment 559 173 51 1,661 161 638 264 3,507 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 634 $ 173 $ 51 $ 1,669 $ 161 $ 648 $ 264 $ 3,600 Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 47 $ 0 $ 0 $ 11 $ 1,293 $ 0 $ 0 $ 1,351 Collectively evaluated for impairment 562 201 60 1,490 187 720 275 3,495 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 609 $ 201 $ 60 $ 1,501 $ 1,480 $ 720 $ 275 $ 4,846 Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2015 Beginning balance $ 672 $ 197 $ 65 $ 1,462 $ 239 $ 716 $ 283 $ 3,634 Provisions for loan losses (39 ) (24 ) (14 ) 204 (58 ) (38 ) 19 50 Charge-offs 0 0 0 0 (22 ) (31 ) (72 ) (125 ) Recoveries 1 0 0 3 2 1 34 41 Ending balance $ 634 $ 173 $ 51 $ 1,669 $ 161 $ 648 $ 264 $ 3,600 Changes in Allowance for Loan Losses for the six-months ended June 30, 2015 Beginning balance $ 609 $ 201 $ 60 $ 1,501 $ 1,480 $ 720 $ 275 $ 4,846 Provisions for loan losses 42 (28 ) (9 ) 156 (117 ) (45 ) 51 50 Charge-offs (20 ) 0 0 0 (1,205 ) (33 ) (124 ) (1,382 ) Recoveries 3 0 0 12 3 6 62 86 Ending balance $ 634 $ 173 $ 51 $ 1,669 $ 161 $ 648 $ 264 $ 3,600 Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2014 Beginning balance $ 838 $ 144 $ 70 $ 1,276 $ 1,450 $ 902 $ 331 $ 5,011 Provisions for loan losses 24 9 8 4 (10 ) 41 14 90 Charge-offs (21 ) 0 0 0 0 (36 ) (36 ) (93 ) Recoveries 2 0 0 0 4 25 27 58 Ending balance $ 843 $ 153 $ 78 $ 1,280 $ 1,444 $ 932 $ 336 $ 5,066 Changes in Allowance for Loan Losses for the six-months ended June 30, 2014 Beginning balance $ 811 $ 152 $ 63 $ 1,284 $ 1,446 $ 877 $ 289 $ 4,922 Provisions for loan losses 113 1 15 (4 ) (7 ) (70 ) 67 115 Charge-offs (84 ) 0 0 0 0 (54 ) (88 ) (226 ) Recoveries 3 0 0 0 5 179 68 255 Ending balance $ 843 $ 153 $ 78 $ 1,280 $ 1,444 $ 932 $ 336 $ 5,066 |
Impaired Financing Receivables [Table Text Block] | At June 30, 2015 Three Months Ended June 30, 2015 Six Months Ended June 30, 2015 Recorded Unpaid Related Average Interest Average Interest (In thousands) Loans with no related allowance recorded: Residential $ 1,122 $ 1,444 $ - $ 1,235 $ 5 $ 1,204 $ 10 Land 20 22 - 20 0 18 0 Construction 0 0 - 0 0 0 0 Commercial real estate 1,762 1,801 - 1,773 19 1,774 38 Commercial business 0 0 - 13 0 9 0 Home equity/2nd mortgage 63 81 - 65 0 67 1 Other consumer 0 0 - 0 0 0 0 2,967 3,348 - 3,106 24 3,072 49 Loans with an allowance recorded: Residential 297 335 75 254 0 259 0 Land 0 0 0 0 0 0 0 Construction 0 0 0 0 0 0 0 Commercial real estate 38 63 8 39 0 40 0 Commercial business 0 0 0 18 0 559 0 Home equity/2nd mortgage 80 81 10 80 0 80 0 Other consumer 0 0 0 0 0 0 0 415 479 93 391 0 938 0 Total: Residential 1,419 1,779 75 1,489 5 1,463 10 Land 20 22 0 20 0 18 0 Construction 0 0 0 0 0 0 0 Commercial real estate 1,800 1,864 8 1,812 19 1,814 38 Commercial business 0 0 0 31 0 568 0 Home equity/2nd mortgage 143 162 10 145 0 147 1 Other consumer 0 0 0 0 0 0 0 $ 3,382 $ 3,827 $ 93 $ 3,497 $ 24 $ 4,010 $ 49 Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 Average Interest Average Interest Loans with no related allowance recorded: Residential $ 1,345 $ 8 $ 1,427 $ 18 Land 119 0 119 0 Construction 130 0 87 0 Commercial real estate 1,525 17 1,562 34 Commercial business 94 0 126 0 Home equity/2nd mortgage 169 0 197 1 Other consumer 0 0 0 0 3,382 25 3,518 53 Loans with an allowance recorded: Residential 436 0 440 0 Land 3 0 2 0 Construction 0 0 0 0 Commercial real estate 1,123 0 1,065 0 Commercial business 1,726 0 1,720 0 Home equity/2nd mortgage 16 0 18 0 Other consumer 0 0 0 0 3,304 0 3,245 0 Total: Residential 1,781 8 1,867 18 Land 122 0 121 0 Construction 130 0 87 0 Commercial real estate 2,648 17 2,627 34 Commercial business 1,820 0 1,846 0 Home equity/2nd mortgage 185 0 215 1 Other consumer 0 0 0 0 $ 6,686 $ 25 $ 6,763 $ 53 Recorded Unpaid Related (In thousands) Loans with no related allowance recorded: Residential $ 1,141 $ 1,446 $ - Land 16 18 - Construction 0 0 - Commercial real estate 1,777 1,808 - Commercial business 0 0 - Home equity/2nd mortgage 71 87 - Other consumer 0 0 - 3,005 3,359 - 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] | June 30, 2015 December 31, 2014 Nonaccrual Loans 90+ Days Total Nonaccrual Loans 90+ Days Total (In thousands) Residential $ 1,069 $ 14 $ 1,083 $ 919 $ 68 $ 987 Land 20 0 20 16 0 16 Construction 0 0 0 0 0 0 Commercial real estate 434 21 455 433 0 433 Commercial business 0 0 0 1,642 0 1,642 Home equity/2nd mortgage 122 0 122 129 14 143 Other consumer 0 19 19 0 3 3 Total $ 1,645 $ 54 $ 1,699 $ 3,139 $ 85 $ 3,224 |
Past Due Financing Receivables [Table Text Block] | 30-59 Days 60-89 Days 90 Days or More Total Current Total (In thousands) Residential $ 2,556 $ 519 $ 587 $ 3,662 $ 103,876 $ 107,538 Land 0 8 20 28 10,540 10,568 Construction 0 0 0 0 8,362 8,362 Commercial real estate 0 192 77 269 75,383 75,652 Commercial business 0 0 0 0 25,107 25,107 Home equity/2nd mortgage 124 92 3 219 38,274 38,493 Other consumer 200 25 19 244 37,468 37,712 Total $ 2,880 $ 836 $ 706 $ 4,422 $ 299,010 $ 303,432 30-59 Days 60-89 Days 90 Days or More Total Current Total (In thousands) Residential $ 3,070 $ 551 $ 308 $ 3,929 $ 103,167 $ 107,096 Land 24 124 0 148 10,932 11,080 Construction 0 0 0 0 8,463 8,463 Commercial real estate 54 133 42 229 78,251 78,480 Commercial business 0 0 0 0 28,406 28,406 Home equity/2nd mortgage 153 23 97 273 37,852 38,125 Other consumer 263 26 3 292 34,543 34,835 Total $ 3,564 $ 857 $ 450 $ 4,871 $ 301,614 $ 306,485 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) June 30, 2015 Pass $ 105,401 $ 7,661 $ 8,362 $ 72,937 $ 24,264 $ 38,229 $ 37,639 $ 294,493 Special Mention 100 92 0 1,649 514 1 57 2,413 Substandard 968 2,795 0 632 329 141 16 4,881 Doubtful 1,069 20 0 434 0 122 0 1,645 Loss 0 0 0 0 0 0 0 0 Total $ 107,538 $ 10,568 $ 8,362 $ 75,652 $ 25,107 $ 38,493 $ 37,712 $ 303,432 December 31, 2014 Pass $ 104,780 $ 7,969 $ 7,722 $ 73,204 $ 26,137 $ 37,860 $ 34,770 $ 292,442 Special Mention 105 94 741 2,648 298 2 49 3,937 Substandard 1,292 3,001 0 2,195 329 134 16 6,967 Doubtful 919 16 0 433 1,642 129 0 3,139 Loss 0 0 0 0 0 0 0 0 Total $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | June 30, 2015 December 31, 2014 Accruing Nonaccrual Total Related Allowance Accruing Nonaccrual Total Related Allowance (In thousands) Troubled debt restructurings: Residential real estate $ 349 $ 310 $ 659 $ 3 $ 492 $ 166 $ 658 $ 6 Commercial real estate 1,367 331 1,698 0 1,386 338 1,724 0 Commercial business 0 0 0 0 0 1,642 1,642 1,292 Home equity and 2nd mortgage 21 0 21 0 22 0 22 0 Total $ 1,737 $ 641 $ 2,378 $ 3 $ 1,900 $ 2,146 $ 4,046 $ 1,298 |
Schedule of Debtor Troubled Debt Restructuring, Current Period [Table Text Block] | Six months ended June 30, 2014 Number of Pre-Modification Post-Modification (Dollars in thousands) Troubled debt restructurings: Commercial real estate 3 $ 542 $ 542 Total 3 $ 542 $ 542 |
Financing Receivable [Member] | |
Note 4 - Loans and Allowance for Loan Losses (Tables) [Line Items] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 107,136 $ 10,526 $ 8,341 $ 75,521 $ 24,983 $ 37,844 $ 37,566 $ 301,917 Accrued interest receivable 339 38 21 168 131 124 146 967 Net deferred loan origination fees and costs 63 4 0 (37 ) (7 ) 525 0 548 Recorded investment in loans $ 107,538 $ 10,568 $ 8,362 $ 75,652 $ 25,107 $ 38,493 $ 37,712 $ 303,432 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,419 $ 20 $ 0 $ 1,800 $ 0 $ 143 $ 0 $ 3,382 Collectively evaluated for impairment 106,119 10,548 8,362 73,852 25,107 38,350 37,712 300,050 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 107,538 $ 10,568 $ 8,362 $ 75,652 $ 25,107 $ 38,493 $ 37,712 $ 303,432 Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 106,679 $ 11,028 $ 8,444 $ 78,314 $ 28,282 $ 37,513 $ 34,683 $ 304,943 Accrued interest receivable 368 48 20 186 131 131 152 1,036 Net deferred loan origination fees and costs 49 4 (1 ) (20 ) (7 ) 481 0 506 Recorded investment in loans $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 1,411 $ 16 $ 0 $ 1,819 $ 1,642 $ 151 $ 0 $ 5,039 Collectively evaluated for impairment 105,685 11,064 8,463 76,661 26,764 37,974 34,835 301,446 Acquired with deteriorated credit quality 0 0 0 0 0 0 0 0 Ending balance $ 107,096 $ 11,080 $ 8,463 $ 78,480 $ 28,406 $ 38,125 $ 34,835 $ 306,485 |
Note 5 - Supplemental Disclos19
Note 5 - Supplemental Disclosure for Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended 6/30/2015 6/30/2014 6/30/2015 6/30/2014 Basic (Dollars in thousands, except for share and per share data) Earnings: Net income attributable to First Capital, Inc. $ 1,228 $ 1,518 $ 2,694 $ 2,815 Shares: Weighted average common shares outstanding 2,740,689 2,757,335 2,740,596 2,770,637 Net income attributable to First Capital, Inc. per common share, basic $ 0.45 $ 0.55 $ 0.98 $ 1.02 Diluted Earnings: Net income attributable to First Capital, Inc. $ 1,228 $ 1,518 $ 2,694 $ 2,815 Shares: Weighted average common shares outstanding 2,740,689 2,757,335 2,740,596 2,770,637 Add: Dilutive effect of restricted stock 506 0 156 0 Weighted average common shares outstanding, as adjusted 2,741,195 2,757,335 2,740,752 2,770,637 Net income attributable to First Capital, Inc. per common share, diluted $ 0.45 $ 0.55 $ 0.98 $ 1.02 |
Note 6 - Stock Option Plan (Tab
Note 6 - Stock Option Plan (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Number Weighted Nonvested at January 1, 2015 - - Granted 19,500 $ 24.50 Vested 500 24.50 Forfeited 1,000 24.50 Nonvested at June 30, 2015 18,000 $ 24.50 |
Note 7 - Supplemental Disclos21
Note 7 - Supplemental Disclosures of Cash Flow Information (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Supplemental Cash Flow Elements [Abstract] | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Six Months Ended 2015 2014 ( In thousands ) Cash payments for: Interest $ 516 $ 632 Taxes 1,035 1,042 Noncash investing activities: Transfers from loans to real estate acquired through foreclosure 562 75 |
Note 8 - Fair Value Measureme22
Note 8 - Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 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 June 30, 2015 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ 0 $ 34,338 $ 0 $ 34,338 Agency CMO 0 11,462 0 11,462 Agency notes and bonds 0 18,533 0 18,533 Municipal obligations 0 32,551 0 32,551 Mutual funds 1,477 0 0 1,477 Total securities available for sale $ 1,477 $ 96,884 $ 0 $ 98,361 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ 0 $ 0 $ 1,344 $ 1,344 Land 0 0 20 20 Construction 0 0 0 0 Commercial real estate 0 0 1,792 1,792 Commercial business 0 0 0 0 Home equity and second mortgage 0 0 133 133 Total impaired loans $ 0 $ 0 $ 3,289 $ 3,289 Loans held for sale $ 0 $ 1,673 $ 0 $ 1,673 Foreclosed real estate: Residential real estate $ 0 $ 0 $ 87 $ 87 Commercial real estate 0 0 480 480 Total foreclosed real estate $ 0 $ 0 $ 567 $ 567 December 31, 2014 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ 0 $ 32,296 $ 0 $ 32,296 Agency CMO 0 14,385 0 14,385 Agency notes and bonds 0 18,120 0 18,120 Municipal obligations 0 33,342 0 33,342 Mutual funds 2,083 0 0 2,083 Total securities available for sale $ 2,083 $ 98,143 $ 0 $ 100,226 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ 0 $ 0 $ 1,364 $ 1,364 Land 0 0 16 16 Construction 0 0 0 0 Commercial real estate 0 0 1,808 1,808 Commercial business 0 0 349 349 Home equity and second mortgage 0 0 151 151 Total impaired loans $ 0 $ 0 $ 3,688 $ 3,688 Loans held for sale $ 0 $ 1,608 $ 0 $ 1,608 Foreclosed real estate: Residential real estate $ 0 $ 0 $ 78 $ 78 Total foreclosed real estate $ 0 $ 0 $ 78 $ 78 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Fair Fair Vale Measurements Using (In thousands) Value Value Level 1 Level 2 Level 3 June 30, 2015 Financial assets: Cash and cash equivalents $ 39,647 $ 39,647 $ 39,647 $ 0 $ 0 Interest-bearing time deposits 9,515 9,618 0 9,618 0 Securities available for sale 98,361 98,361 1,477 96,884 0 Securities held to maturity 5 5 0 5 0 Loans held for sale 1,673 1,708 0 1,708 0 Loans, net 298,865 298,602 0 0 298,602 FHLB stock 1,550 1,550 0 1,550 0 Accrued interest receivable 1,538 1,538 0 1,538 0 Cost method investment (included in other assets) 711 711 0 711 0 Financial liabilities: Deposits 416,247 415,785 0 0 415,785 Accrued interest payable 94 94 0 94 0 December 31, 2014: Financial assets: Cash and cash equivalents $ 33,243 $ 33,243 $ 33,243 $ 0 $ 0 Interest-bearing time deposits 8,270 8,370 0 8,370 0 Securities available for sale 100,226 100,226 2,083 98,143 0 Securities held to maturity 6 6 0 6 0 Loans held for sale 1,608 1,641 0 1,641 0 Loans, net 300,603 301,864 0 0 301,864 FHLB stock 2,241 2,241 0 2,241 0 Accrued interest receivable 1,580 1,580 0 1,580 0 Cost method investment (included in other assets) 711 711 0 711 0 Financial liabilities: Deposits 412,636 412,282 0 0 412,282 Accrued interest payable 127 127 0 127 0 |
Note 1 - Presentation of Inte23
Note 1 - Presentation of Interim Information (Details) - USD ($) | Jan. 21, 2009 | Jun. 30, 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] | |||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 0.20% | ||
Cumulative Preferred Stock Subject to Mandatory Redemption [Member] | First Harrison Reit Incorporated [Member] | Private Placement [Member] | |||
Note 1 - Presentation of Interim Information (Details) [Line Items] | |||
Preferred Stock, Shares Issued (in Shares) | 105 | ||
Preferred Stock, Dividend Rate, Percentage | 12.50% | ||
Preferred Stock, Liquidation Preference, Value (in Dollars) | $ 105,000 |
Note 2 - Proposed Merger (Detai
Note 2 - Proposed Merger (Details) - Jun. 04, 2015 - Peoples Bancorp, Inc. [Member] - $ / shares | Total |
Note 2 - Proposed Merger (Details) [Line Items] | |
Business Acquisition, Shares to Be Received | $ 382.83 |
Business Acquisition, Share Price | $ 9,475 |
Business Acquisition, Equity Transferred, Percentage | 50.00% |
Business Acquisition, Cash Transferred, Percentage | 50.00% |
Business Acquisition, Contingent Consideration, Term | 24 months |
Note 3 - Investment Securitie25
Note 3 - Investment Securities (Details) | 1 Months Ended | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2014USD ($)shares | Dec. 31, 2013shares | Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | |
Note 3 - Investment Securities (Details) [Line Items] | ||||||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 67 | 67 | ||||
Available-for-sale, Securities in Unrealized Loss Positions, Depreciation from Amortized Cost, Percentage | 1.10% | 1.10% | ||||
Proceeds from Sale and Maturity of Marketable Securities | $ 0 | $ 0 | ||||
Equity Method Investment Number Of Common Shares Acquired (in Shares) | shares | 31,750 | 100,000 | ||||
Percentage Of Outstanding Shares Of Voting Common Stock | 9.00% | 9.00% | 9.00% | |||
Other Assets [Member] | ||||||
Note 3 - Investment Securities (Details) [Line Items] | ||||||
Cost Method Investments | $ 711,000 | $ 711,000 | $ 711,000 | |||
Municipal Notes [Member] | ||||||
Note 3 - Investment Securities (Details) [Line Items] | ||||||
Available-for-sale Securities, Gross Realized Gains | $ 54,000 | $ 54,000 |
Note 3 - Investment Securitie26
Note 3 - Investment Securities (Details) - Investment Securities - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Securities available for sale: | ||
Securities available for sale, amortized cost | $ 97,730 | $ 98,993 |
Securities available for sale, gross unrealized gains | 1,150 | 1,588 |
Securities available for sale, gross unrealized losses | 519 | 355 |
Securities available for sale, fair value | 98,361 | 100,226 |
Securities held to maturity: | ||
Securities held to maturity, amortized cost | 5 | 6 |
Securities held to maturity, gross unrealized gains | 0 | 0 |
Securities held to maturity, gross unrealized losses | 0 | 0 |
Securities held to maturity, fair value | 5 | 6 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | 34,387 | 32,135 |
Securities available for sale, gross unrealized gains | 154 | 240 |
Securities available for sale, gross unrealized losses | 203 | 79 |
Securities available for sale, fair value | 34,338 | 32,296 |
Securities held to maturity: | ||
Securities held to maturity, amortized cost | 5 | 6 |
Securities held to maturity, gross unrealized gains | 0 | 0 |
Securities held to maturity, gross unrealized losses | 0 | 0 |
Securities held to maturity, fair value | 5 | 6 |
Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | 11,478 | 14,461 |
Securities available for sale, gross unrealized gains | 65 | 74 |
Securities available for sale, gross unrealized losses | 81 | 150 |
Securities available for sale, fair value | 11,462 | 14,385 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | 18,554 | 18,136 |
Securities available for sale, gross unrealized gains | 35 | 32 |
Securities available for sale, gross unrealized losses | 56 | 48 |
Securities available for sale, fair value | 18,533 | 18,120 |
Municipal Notes [Member] | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | 31,834 | 32,178 |
Securities available for sale, gross unrealized gains | 896 | 1,242 |
Securities available for sale, gross unrealized losses | 179 | 78 |
Securities available for sale, fair value | 32,551 | 33,342 |
Debt Securities [Member] | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | 96,253 | 96,910 |
Securities available for sale, gross unrealized gains | 1,150 | 1,588 |
Securities available for sale, gross unrealized losses | 519 | 355 |
Securities available for sale, fair value | 96,884 | 98,143 |
Mutual Funds [Member] | ||
Securities available for sale: | ||
Securities available for sale, amortized cost | 1,477 | 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 | $ 1,477 | $ 2,083 |
Note 3 - Investment Securitie27
Note 3 - Investment Securities (Details) - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Amortized Cost and Fair Value of Debt Securities by Contractual Maturity [Abstract] | ||
Due in one year or less | $ 1,070 | |
Due in one year or less | 1,074 | |
Due in one year or less | 0 | |
Due in one year or less | 0 | |
Due after one year through five years | 17,306 | |
Due after one year through five years | 17,354 | |
Due after one year through five years | 0 | |
Due after one year through five years | 0 | |
Due after five years through ten years | 19,267 | |
Due after five years through ten years | 19,604 | |
Due after ten years | 12,745 | |
Due after ten years | 13,052 | |
Due after ten years | 0 | |
Due after ten years | 0 | |
50,388 | ||
51,084 | ||
0 | ||
0 | ||
Mortgage-backed securities and CMO | 45,865 | |
Mortgage-backed securities and CMO | 45,800 | |
Mortgage-backed securities and CMO | 5 | |
Mortgage-backed securities and CMO | 5 | |
96,253 | ||
96,884 | ||
5 | $ 6 | |
$ 5 | $ 6 |
Note 3 - Investment Securitie28
Note 3 - Investment Securities (Details) - Investment Securities Available for Sale - Jun. 30, 2015 $ in Thousands | USD ($) |
Continuous loss position less than twelve months: | |
Number of Investment Positions | 48 |
Fair Value | $ 32,157 |
Gross Unrealized Losses | $ 298 |
Continuous loss position more than twelve months: | |
Number of Investment Positions | 19 |
Fair Value | $ 14,325 |
Gross Unrealized Losses | $ 221 |
Total securities available for sale | 67 |
Total securities available for sale | $ 46,482 |
Total securities available for sale | $ 519 |
US Government Agencies Debt Securities [Member] | |
Continuous loss position less than twelve months: | |
Number of Investment Positions | 9 |
Fair Value | $ 7,696 |
Gross Unrealized Losses | $ 53 |
Continuous loss position more than twelve months: | |
Number of Investment Positions | 1 |
Fair Value | $ 999 |
Gross Unrealized Losses | $ 3 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |
Continuous loss position less than twelve months: | |
Number of Investment Positions | 22 |
Fair Value | $ 17,893 |
Gross Unrealized Losses | $ 150 |
Continuous loss position more than twelve months: | |
Number of Investment Positions | 4 |
Fair Value | $ 4,426 |
Gross Unrealized Losses | $ 53 |
Municipal Notes [Member] | |
Continuous loss position less than twelve months: | |
Number of Investment Positions | 17 |
Fair Value | $ 6,568 |
Gross Unrealized Losses | $ 95 |
Continuous loss position more than twelve months: | |
Number of Investment Positions | 5 |
Fair Value | $ 2,306 |
Gross Unrealized Losses | $ 84 |
Agency Collateralized Mortgage Obligations [Member] | |
Continuous loss position more than twelve months: | |
Number of Investment Positions | 9 |
Fair Value | $ 6,594 |
Gross Unrealized Losses | $ 81 |
Note 4 - Loans and Allowance 29
Note 4 - Loans and Allowance for Loan Losses (Details) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Jun. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Dec. 31, 2014USD ($) | |
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Loans Charge Off Period | 90 days | ||||
Financing Receivable, Allowance for Credit Losses, Write-downs | $ 125,000 | $ 93,000 | $ 1,382,000 | $ 226,000 | |
Collateral Dependent Loans Value Of Significant Properties | 200,000 | 200,000 | |||
Mortgage Loans in Process of Foreclosure, Amount | $ 436,000 | $ 436,000 | |||
Financing Receivable, Allowance for Credit Losses, Loss Factor Increase | 0.25% | ||||
Financing Receivable, Allowance for Credit Losses, Loss Factor | 20.00% | 20.00% | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | $ 0 | $ 0 | $ 0 | $ 0 | |
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 0 | $ 0 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | 3 | |
Troubled Debt Restructurings, Principal Charge-offs | $ 0 | $ 0 | |||
Troubled Debt Restructurings, Specific Allowance | $ 0 | $ 0 | |||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | |
Classified Loans [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | $ 532,000 | 664,000 | |||
Qualitative Factor Past Due Loans [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Financing Receivable, Allowance for Credit Losses, Effect of Change in Method | $ 1,400,000 | $ 1,600,000 | |||
Overall Qualitative Factor [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Financing Receivable Allowance For Credit Losses Risk Factor | 1.18 | 1.18 | 1.18 | ||
Allowance for Loan and Lease Losses, Period Increase (Decrease) | $ 527,000 | $ 520,000 | |||
Bank Overdrafts [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Loans Charge Off Period | 45 days | ||||
Other Than Consumer Portfolio Segment [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Number Of Loan | 11 | ||||
Financing Receivable, Allowance for Credit Losses, Write-downs | $ 464,000 | ||||
Minimum [Member] | |||||
Note 4 - Loans and Allowance for Loan Losses (Details) [Line Items] | |||||
Performance Period | 6 months |
Note 4 - Loans and Allowance 30
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans - USD ($) $ in Thousands | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
Real estate mortgage loans: | ||||||
Loans Gross | $ 307,741 | $ 308,268 | ||||
Less undisbursed portion of loans in process | (5,824) | (3,325) | ||||
Principal loan balance | 301,917 | 304,943 | ||||
Deferred loan origination fees, net | 548 | 506 | ||||
Allowance for loan losses | (3,600) | $ (3,634) | (4,846) | $ (5,066) | $ (5,011) | $ (4,922) |
Loans, net | 298,865 | 300,603 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||||
Real estate mortgage loans: | ||||||
Loans Gross | 107,136 | 106,679 | ||||
Principal loan balance | 107,136 | 106,679 | ||||
Deferred loan origination fees, net | 63 | 49 | ||||
Allowance for loan losses | (634) | (672) | (609) | (843) | (838) | (811) |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||||||
Real estate mortgage loans: | ||||||
Loans Gross | 10,526 | 11,028 | ||||
Principal loan balance | 10,526 | 11,028 | ||||
Deferred loan origination fees, net | 4 | 4 | ||||
Allowance for loan losses | (173) | (197) | (201) | (153) | (144) | (152) |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Real estate mortgage loans: | ||||||
Loans Gross | 13,691 | 10,347 | ||||
Principal loan balance | 8,341 | 8,444 | ||||
Deferred loan origination fees, net | 0 | (1) | ||||
Allowance for loan losses | (51) | (65) | (60) | (78) | (70) | (63) |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||||||
Real estate mortgage loans: | ||||||
Loans Gross | 75,521 | 78,314 | ||||
Principal loan balance | 75,521 | 78,314 | ||||
Deferred loan origination fees, net | (37) | (20) | ||||
Allowance for loan losses | (1,669) | (1,462) | (1,501) | (1,280) | (1,276) | (1,284) |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Construction [Member] | ||||||
Real estate mortgage loans: | ||||||
Loans Gross | 474 | 1,422 | ||||
Commercial Portfolio Segment [Member] | ||||||
Real estate mortgage loans: | ||||||
Loans Gross | 24,983 | 28,282 | ||||
Principal loan balance | 24,983 | 28,282 | ||||
Deferred loan origination fees, net | (7) | (7) | ||||
Allowance for loan losses | (161) | (239) | (1,480) | (1,444) | (1,450) | (1,446) |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | ||||||
Real estate mortgage loans: | ||||||
Loans Gross | 37,844 | 37,513 | ||||
Principal loan balance | 37,844 | 37,513 | ||||
Deferred loan origination fees, net | 525 | 481 | ||||
Allowance for loan losses | (648) | (716) | (720) | (932) | (902) | (877) |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Real estate mortgage loans: | ||||||
Loans Gross | 27,194 | 25,274 | ||||
Consumer Portfolio Segment [Member] | Loans Secured by Saving Accounts [Member] | ||||||
Real estate mortgage loans: | ||||||
Loans Gross | 920 | 1,018 | ||||
Consumer Portfolio Segment [Member] | Unsecured Loan [Member] | ||||||
Real estate mortgage loans: | ||||||
Loans Gross | 3,445 | 3,316 | ||||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||||||
Real estate mortgage loans: | ||||||
Loans Gross | 6,007 | 5,075 | ||||
Principal loan balance | 37,566 | 34,683 | ||||
Deferred loan origination fees, net | 0 | 0 | ||||
Allowance for loan losses | $ (264) | $ (283) | $ (275) | $ (336) | $ (331) | $ (289) |
Note 4 - Loans and Allowance 31
Note 4 - Loans and Allowance for Loan Losses (Details) - Loans and Allowances for Loan Losses - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Recorded Investment in Loans: | ||
Principal loan balance | $ 301,917 | $ 304,943 |
Accrued interest receivable | 967 | 1,036 |
Net deferred loan origination | ||
Net deferred loan origination fees and costs | 548 | 506 |
Individually evaluated for impairment | 3,382 | 5,039 |
Collectively evaluated for impairment | 300,050 | 301,446 |
Recorded investment in loans | 303,432 | 306,485 |
Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Net deferred loan origination | ||
Recorded investment in loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 107,136 | 106,679 |
Accrued interest receivable | 339 | 368 |
Net deferred loan origination | ||
Net deferred loan origination fees and costs | 63 | 49 |
Individually evaluated for impairment | 1,419 | 1,411 |
Collectively evaluated for impairment | 106,119 | 105,685 |
Recorded investment in loans | 107,538 | 107,096 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Net deferred loan origination | ||
Recorded investment in loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 10,526 | 11,028 |
Accrued interest receivable | 38 | 48 |
Net deferred loan origination | ||
Net deferred loan origination fees and costs | 4 | 4 |
Individually evaluated for impairment | 20 | 16 |
Collectively evaluated for impairment | 10,548 | 11,064 |
Recorded investment in loans | 10,568 | 11,080 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Net deferred loan origination | ||
Recorded investment in loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 8,341 | 8,444 |
Accrued interest receivable | 21 | 20 |
Net deferred loan origination | ||
Net deferred loan origination fees and costs | 0 | (1) |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 8,362 | 8,463 |
Recorded investment in loans | 8,362 | 8,463 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Net deferred loan origination | ||
Recorded investment in loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 75,521 | 78,314 |
Accrued interest receivable | 168 | 186 |
Net deferred loan origination | ||
Net deferred loan origination fees and costs | (37) | (20) |
Individually evaluated for impairment | 1,800 | 1,819 |
Collectively evaluated for impairment | 73,852 | 76,661 |
Recorded investment in loans | 75,652 | 78,480 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Net deferred loan origination | ||
Recorded investment in loans | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 24,983 | 28,282 |
Accrued interest receivable | 131 | 131 |
Net deferred loan origination | ||
Net deferred loan origination fees and costs | (7) | (7) |
Individually evaluated for impairment | 0 | 1,642 |
Collectively evaluated for impairment | 25,107 | 26,764 |
Recorded investment in loans | 25,107 | 28,406 |
Commercial Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Net deferred loan origination | ||
Recorded investment in loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 37,844 | 37,513 |
Accrued interest receivable | 124 | 131 |
Net deferred loan origination | ||
Net deferred loan origination fees and costs | 525 | 481 |
Individually evaluated for impairment | 143 | 151 |
Collectively evaluated for impairment | 38,350 | 37,974 |
Recorded investment in loans | 38,493 | 38,125 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Net deferred loan origination | ||
Recorded investment in loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 37,566 | 34,683 |
Accrued interest receivable | 146 | 152 |
Net deferred loan origination | ||
Net deferred loan origination fees and costs | 0 | 0 |
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 37,712 | 34,835 |
Recorded investment in loans | 37,712 | 34,835 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | ||
Net deferred loan origination | ||
Recorded investment in loans | $ 0 | $ 0 |
Note 4 - Loans and Allowance 32
Note 4 - Loans and Allowance for Loan Losses (Details) - Allowance for Loan Losses - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Ending allowance balance attributable to loans: | |||||
Allowance individually evaluated for impairment | $ 93 | $ 93 | $ 1,351 | ||
Allowance collectively evaluated for impairment | 3,507 | 3,507 | 3,495 | ||
Allowance for loan losses | 3,600 | $ 5,011 | 3,600 | $ 5,066 | 4,846 |
Ending balance | 3,600 | 5,066 | 3,600 | 5,066 | |
Allowance for loan losses: | |||||
Beginning balance | 3,634 | 5,011 | 4,846 | 4,922 | |
Provisions | 50 | 90 | 50 | 115 | |
Charge-offs | (125) | (93) | (1,382) | (226) | |
Recoveries | 41 | 58 | 86 | 255 | |
Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Ending balance | 0 | 0 | |||
Allowance for loan losses: | |||||
Beginning balance | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance individually evaluated for impairment | 75 | 75 | 47 | ||
Allowance collectively evaluated for impairment | 559 | 559 | 562 | ||
Allowance for loan losses | 634 | 838 | 634 | 843 | 609 |
Ending balance | 634 | 843 | 634 | 843 | |
Allowance for loan losses: | |||||
Beginning balance | 672 | 838 | 609 | 811 | |
Provisions | (39) | 24 | 42 | 113 | |
Charge-offs | 0 | (21) | (20) | (84) | |
Recoveries | 1 | 2 | 3 | 3 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Ending balance | 0 | 0 | |||
Allowance for loan losses: | |||||
Beginning balance | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance individually evaluated for impairment | 0 | 0 | 0 | ||
Allowance collectively evaluated for impairment | 173 | 173 | 201 | ||
Allowance for loan losses | 173 | 144 | 173 | 153 | 201 |
Ending balance | 173 | 153 | 173 | 153 | |
Allowance for loan losses: | |||||
Beginning balance | 197 | 144 | 201 | 152 | |
Provisions | (24) | 9 | (28) | 1 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Ending balance | 0 | 0 | |||
Allowance for loan losses: | |||||
Beginning balance | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance individually evaluated for impairment | 0 | 0 | 0 | ||
Allowance collectively evaluated for impairment | 51 | 51 | 60 | ||
Allowance for loan losses | 51 | 70 | 51 | 78 | 60 |
Ending balance | 51 | 78 | 51 | 78 | |
Allowance for loan losses: | |||||
Beginning balance | 65 | 70 | 60 | 63 | |
Provisions | (14) | 8 | (9) | 15 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Ending balance | 0 | 0 | |||
Allowance for loan losses: | |||||
Beginning balance | 0 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance individually evaluated for impairment | 8 | 8 | 11 | ||
Allowance collectively evaluated for impairment | 1,661 | 1,661 | 1,490 | ||
Allowance for loan losses | 1,669 | 1,276 | 1,669 | 1,280 | 1,501 |
Ending balance | 1,669 | 1,280 | 1,669 | 1,280 | |
Allowance for loan losses: | |||||
Beginning balance | 1,462 | 1,276 | 1,501 | 1,284 | |
Provisions | 204 | 4 | 156 | (4) | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 3 | 0 | 12 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Ending balance | 0 | 0 | |||
Allowance for loan losses: | |||||
Beginning balance | 0 | ||||
Commercial Portfolio Segment [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance individually evaluated for impairment | 0 | 0 | 1,293 | ||
Allowance collectively evaluated for impairment | 161 | 161 | 187 | ||
Allowance for loan losses | 161 | 1,450 | 161 | 1,444 | 1,480 |
Ending balance | 161 | 1,444 | 161 | 1,444 | |
Allowance for loan losses: | |||||
Beginning balance | 239 | 1,450 | 1,480 | 1,446 | |
Provisions | (58) | (10) | (117) | (7) | |
Charge-offs | (22) | 0 | (1,205) | 0 | |
Recoveries | 2 | 4 | 3 | 5 | |
Commercial Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Ending balance | 0 | 0 | |||
Allowance for loan losses: | |||||
Beginning balance | 0 | ||||
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance individually evaluated for impairment | 10 | 10 | 0 | ||
Allowance collectively evaluated for impairment | 638 | 638 | 720 | ||
Allowance for loan losses | 648 | 902 | 648 | 932 | 720 |
Ending balance | 648 | 932 | 648 | 932 | |
Allowance for loan losses: | |||||
Beginning balance | 716 | 902 | 720 | 877 | |
Provisions | (38) | 41 | (45) | (70) | |
Charge-offs | (31) | (36) | (33) | (54) | |
Recoveries | 1 | 25 | 6 | 179 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance for loan losses | 0 | 0 | 0 | ||
Ending balance | 0 | 0 | |||
Allowance for loan losses: | |||||
Beginning balance | 0 | ||||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance individually evaluated for impairment | 0 | 0 | 0 | ||
Allowance collectively evaluated for impairment | 264 | 264 | 275 | ||
Allowance for loan losses | 264 | 331 | 264 | 336 | 275 |
Ending balance | 264 | 336 | 264 | 336 | |
Allowance for loan losses: | |||||
Beginning balance | 283 | 331 | 275 | 289 | |
Provisions | 19 | 14 | 51 | 67 | |
Charge-offs | (72) | (36) | (124) | (88) | |
Recoveries | 34 | $ 27 | 62 | $ 68 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Receivables Acquired with Deteriorated Credit Quality [Member] | |||||
Ending allowance balance attributable to loans: | |||||
Allowance for loan losses | 0 | 0 | $ 0 | ||
Ending balance | $ 0 | 0 | |||
Allowance for loan losses: | |||||
Beginning balance | $ 0 |
Note 4 - Loans and Allowance 33
Note 4 - Loans and Allowance for Loan Losses (Details) - Impaired Loans - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Loans with no related allowance recorded: | |||||
Recorded investment-with no allowance | $ 2,967 | $ 2,967 | $ 3,005 | ||
Unpaid principal balance-with no allowance | 3,348 | 3,348 | 3,359 | ||
Acerage recorded investment-with no allowance | 3,106 | $ 3,382 | 3,072 | $ 3,518 | |
Interest income recognized-with no allowance | 24 | 25 | 49 | 53 | |
Loans with an allowance recorded: | |||||
Recorded investment-with allowance | 415 | 415 | 2,034 | ||
Unpaid principal balance-with allowance | 479 | 479 | 2,376 | ||
Related allowance-with allowance | 93 | 93 | 1,351 | ||
Acerage recorded investment-with allowance | 391 | 3,304 | 938 | 3,245 | |
Interest income recognized-with allowance | 0 | 0 | 0 | 0 | |
Total: | |||||
Recorded investment | 3,382 | 3,382 | 5,039 | ||
Unpaid principal balance | 3,827 | 3,827 | 5,735 | ||
Related allowance | 93 | 93 | 1,351 | ||
Acerage recorded investment | 3,497 | 6,686 | 4,010 | 6,763 | |
Interest income recognized | 24 | 25 | 49 | 53 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||||
Loans with no related allowance recorded: | |||||
Recorded investment-with no allowance | 1,122 | 1,122 | 1,141 | ||
Unpaid principal balance-with no allowance | 1,444 | 1,444 | 1,446 | ||
Acerage recorded investment-with no allowance | 1,235 | 1,345 | 1,204 | 1,427 | |
Interest income recognized-with no allowance | 5 | 8 | 10 | 18 | |
Loans with an allowance recorded: | |||||
Recorded investment-with allowance | 297 | 297 | 270 | ||
Unpaid principal balance-with allowance | 335 | 335 | 304 | ||
Related allowance-with allowance | 75 | 75 | 47 | ||
Acerage recorded investment-with allowance | 254 | 436 | 259 | 440 | |
Interest income recognized-with allowance | 0 | 0 | 0 | 0 | |
Total: | |||||
Recorded investment | 1,419 | 1,419 | 1,411 | ||
Unpaid principal balance | 1,779 | 1,779 | 1,750 | ||
Related allowance | 75 | 75 | 47 | ||
Acerage recorded investment | 1,489 | 1,781 | 1,463 | 1,867 | |
Interest income recognized | 5 | 8 | 10 | 18 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | |||||
Loans with no related allowance recorded: | |||||
Recorded investment-with no allowance | 20 | 20 | 16 | ||
Unpaid principal balance-with no allowance | 22 | 22 | 18 | ||
Acerage recorded investment-with no allowance | 20 | 119 | 18 | 119 | |
Interest income recognized-with no allowance | 0 | 0 | 0 | 0 | |
Loans with an allowance recorded: | |||||
Recorded investment-with allowance | 0 | 0 | 0 | ||
Unpaid principal balance-with allowance | 0 | 0 | 0 | ||
Related allowance-with allowance | 0 | 0 | 0 | ||
Acerage recorded investment-with allowance | 0 | 3 | 0 | 2 | |
Interest income recognized-with allowance | 0 | 0 | 0 | 0 | |
Total: | |||||
Recorded investment | 20 | 20 | 16 | ||
Unpaid principal balance | 22 | 22 | 18 | ||
Related allowance | 0 | 0 | 0 | ||
Acerage recorded investment | 20 | 122 | 18 | 121 | |
Interest income recognized | 0 | 0 | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | |||||
Loans with no related allowance recorded: | |||||
Recorded investment-with no allowance | 0 | 0 | 0 | ||
Unpaid principal balance-with no allowance | 0 | 0 | 0 | ||
Acerage recorded investment-with no allowance | 0 | 130 | 0 | 87 | |
Interest income recognized-with no allowance | 0 | 0 | 0 | 0 | |
Loans with an allowance recorded: | |||||
Recorded investment-with allowance | 0 | 0 | 0 | ||
Unpaid principal balance-with allowance | 0 | 0 | 0 | ||
Related allowance-with allowance | 0 | 0 | 0 | ||
Acerage recorded investment-with allowance | 0 | 0 | 0 | 0 | |
Interest income recognized-with allowance | 0 | 0 | 0 | 0 | |
Total: | |||||
Recorded investment | 0 | 0 | 0 | ||
Unpaid principal balance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | 0 | ||
Acerage recorded investment | 0 | 130 | 0 | 87 | |
Interest income recognized | 0 | 0 | 0 | 0 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||||
Loans with no related allowance recorded: | |||||
Recorded investment-with no allowance | 1,762 | 1,762 | 1,777 | ||
Unpaid principal balance-with no allowance | 1,801 | 1,801 | 1,808 | ||
Acerage recorded investment-with no allowance | 1,773 | 1,525 | 1,774 | 1,562 | |
Interest income recognized-with no allowance | 19 | 17 | 38 | 34 | |
Loans with an allowance recorded: | |||||
Recorded investment-with allowance | 38 | 38 | 42 | ||
Unpaid principal balance-with allowance | 63 | 63 | 65 | ||
Related allowance-with allowance | 8 | 8 | 11 | ||
Acerage recorded investment-with allowance | 39 | 1,123 | 40 | 1,065 | |
Interest income recognized-with allowance | 0 | 0 | 0 | 0 | |
Total: | |||||
Recorded investment | 1,800 | 1,800 | 1,819 | ||
Unpaid principal balance | 1,864 | 1,864 | 1,873 | ||
Related allowance | 8 | 8 | 11 | ||
Acerage recorded investment | 1,812 | 2,648 | 1,814 | 2,627 | |
Interest income recognized | 19 | 17 | 38 | 34 | |
Commercial Portfolio Segment [Member] | |||||
Loans with no related allowance recorded: | |||||
Recorded investment-with no allowance | 0 | 0 | 0 | ||
Unpaid principal balance-with no allowance | 0 | 0 | 0 | ||
Acerage recorded investment-with no allowance | 13 | 94 | 9 | 126 | |
Interest income recognized-with no allowance | 0 | 0 | 0 | 0 | |
Loans with an allowance recorded: | |||||
Recorded investment-with allowance | 0 | 0 | 1,642 | ||
Unpaid principal balance-with allowance | 0 | 0 | 1,909 | ||
Related allowance-with allowance | 0 | 0 | 1,293 | ||
Acerage recorded investment-with allowance | 18 | 1,726 | 559 | 1,720 | |
Interest income recognized-with allowance | 0 | 0 | 0 | 0 | |
Total: | |||||
Recorded investment | 0 | 0 | 1,642 | ||
Unpaid principal balance | 0 | 0 | 1,909 | ||
Related allowance | 0 | 0 | 1,293 | ||
Acerage recorded investment | 31 | 1,820 | 568 | 1,846 | |
Interest income recognized | 0 | 0 | 0 | 0 | |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | |||||
Loans with no related allowance recorded: | |||||
Recorded investment-with no allowance | 63 | 63 | 71 | ||
Unpaid principal balance-with no allowance | 81 | 81 | 87 | ||
Acerage recorded investment-with no allowance | 65 | 169 | 67 | 197 | |
Interest income recognized-with no allowance | 0 | 0 | 1 | 1 | |
Loans with an allowance recorded: | |||||
Recorded investment-with allowance | 80 | 80 | 80 | ||
Unpaid principal balance-with allowance | 81 | 81 | 98 | ||
Related allowance-with allowance | 10 | 10 | 0 | ||
Acerage recorded investment-with allowance | 80 | 16 | 80 | 18 | |
Interest income recognized-with allowance | 0 | 0 | 0 | 0 | |
Total: | |||||
Recorded investment | 143 | 143 | 151 | ||
Unpaid principal balance | 162 | 162 | 185 | ||
Related allowance | 10 | 10 | 0 | ||
Acerage recorded investment | 145 | 185 | 147 | 215 | |
Interest income recognized | 0 | 0 | 1 | 1 | |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | |||||
Loans with no related allowance recorded: | |||||
Recorded investment-with no allowance | 0 | 0 | 0 | ||
Unpaid principal balance-with no allowance | 0 | 0 | 0 | ||
Acerage recorded investment-with no allowance | 0 | 0 | 0 | 0 | |
Interest income recognized-with no allowance | 0 | 0 | 0 | 0 | |
Loans with an allowance recorded: | |||||
Recorded investment-with allowance | 0 | 0 | 0 | ||
Unpaid principal balance-with allowance | 0 | 0 | 0 | ||
Related allowance-with allowance | 0 | 0 | 0 | ||
Acerage recorded investment-with allowance | 0 | 0 | 0 | 0 | |
Interest income recognized-with allowance | 0 | 0 | 0 | 0 | |
Total: | |||||
Recorded investment | 0 | 0 | 0 | ||
Unpaid principal balance | 0 | 0 | 0 | ||
Related allowance | 0 | 0 | $ 0 | ||
Acerage recorded investment | 0 | 0 | 0 | 0 | |
Interest income recognized | $ 0 | $ 0 | $ 0 | $ 0 |
Note 4 - Loans and Allowance 34
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | $ 4,422 | $ 4,871 |
Nonperforming Financial Instruments [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 1,645 | 3,139 |
Loans 90+ Days Past Due Still Accruing | 54 | 85 |
Total Nonperforming Loans | 1,699 | 3,224 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 3,662 | 3,929 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 28 | 148 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 269 | 229 |
Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Residential Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 1,069 | 919 |
Loans 90+ Days Past Due Still Accruing | 14 | 68 |
Total Nonperforming Loans | 1,083 | 987 |
Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Land Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 20 | 16 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Total Nonperforming Loans | 20 | 16 |
Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Construction Loans [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 0 | 0 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Total Nonperforming Loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 434 | 433 |
Loans 90+ Days Past Due Still Accruing | 21 | 0 |
Total Nonperforming Loans | 455 | 433 |
Commercial Portfolio Segment [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 0 | 1,642 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Total Nonperforming Loans | 0 | 1,642 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 219 | 273 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Total Nonperforming Loans | 244 | 292 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Home Equity And Second Mortgage [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 122 | 129 |
Loans 90+ Days Past Due Still Accruing | 0 | 14 |
Total Nonperforming Loans | 122 | 143 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Other Consumer Loan [Member] | ||
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Nonperforming Loans [Line Items] | ||
Nonaccrual Loans | 0 | 0 |
Loans 90+ Days Past Due Still Accruing | 19 | 3 |
Total Nonperforming Loans | $ 19 | $ 3 |
Note 4 - Loans and Allowance 35
Note 4 - Loans and Allowance for Loan Losses (Details) - Aging of Recorded Investment in Loans - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | $ 4,422 | $ 4,871 |
Current | 299,010 | 301,614 |
Total loans | 303,432 | 306,485 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 2,880 | 3,564 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 836 | 857 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 706 | 450 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 3,662 | 3,929 |
Current | 103,876 | 103,167 |
Total loans | 107,538 | 107,096 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 2,556 | 3,070 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 519 | 551 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 587 | 308 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 28 | 148 |
Current | 10,540 | 10,932 |
Total loans | 10,568 | 11,080 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 0 | 24 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 8 | 124 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 20 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 0 | 0 |
Current | 8,362 | 8,463 |
Total loans | 8,362 | 8,463 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 269 | 229 |
Current | 75,383 | 78,251 |
Total loans | 75,652 | 78,480 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 0 | 54 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 192 | 133 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 77 | 42 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 0 | 0 |
Current | 25,107 | 28,406 |
Total loans | 25,107 | 28,406 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 0 | 0 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 219 | 273 |
Current | 38,274 | 37,852 |
Total loans | 38,493 | 38,125 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 124 | 153 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 92 | 23 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 3 | 97 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 244 | 292 |
Current | 37,468 | 34,543 |
Total loans | 37,712 | 34,835 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 200 | 263 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | 25 | 26 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Past due | $ 19 | $ 3 |
Note 4 - Loans and Allowance 36
Note 4 - Loans and Allowance for Loan Losses (Details) - Recorded Investment in Loans by Risk Category - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | $ 303,432 | $ 306,485 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 294,493 | 292,442 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 2,413 | 3,937 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 4,881 | 6,967 |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 1,645 | 3,139 |
Unlikely to be Collected Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 107,538 | 107,096 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 105,401 | 104,780 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 100 | 105 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 968 | 1,292 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 1,069 | 919 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 10,568 | 11,080 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 7,661 | 7,969 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 92 | 94 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 2,795 | 3,001 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 20 | 16 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 8,362 | 8,463 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 8,362 | 7,722 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 741 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 75,652 | 78,480 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 72,937 | 73,204 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 1,649 | 2,648 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 632 | 2,195 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 434 | 433 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 25,107 | 28,406 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 24,264 | 26,137 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 514 | 298 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 329 | 329 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 1,642 |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 38,493 | 38,125 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 38,229 | 37,860 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 1 | 2 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 141 | 134 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 122 | 129 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 37,712 | 34,835 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 37,639 | 34,770 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 57 | 49 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 16 | 16 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | 0 | 0 |
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Recorded investment in loans | $ 0 | $ 0 |
Note 4 - Loans and Allowance 37
Note 4 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructuring by Accrual Status - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Troubled debt restructurings: | ||
TDR financing receivable | $ 2,378 | $ 4,046 |
Accruing [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 1,737 | |
Nonaccrual [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 641 | |
Performing Financial Instruments [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 1,900 | |
Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 2,146 | |
Troubled Debt Restructuring [Member] | ||
Troubled debt restructurings: | ||
Related allowance for loan losses | 3 | 1,298 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 659 | 658 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 1,698 | 1,724 |
Real Estate Mortgage Portfolio Segment [Member] | Accruing [Member] | Residential Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 349 | |
Real Estate Mortgage Portfolio Segment [Member] | Accruing [Member] | Commercial Real Estate Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 1,367 | |
Real Estate Mortgage Portfolio Segment [Member] | Nonaccrual [Member] | Residential Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 310 | |
Real Estate Mortgage Portfolio Segment [Member] | Nonaccrual [Member] | Commercial Real Estate Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 331 | |
Real Estate Mortgage Portfolio Segment [Member] | Performing Financial Instruments [Member] | Residential Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 492 | |
Real Estate Mortgage Portfolio Segment [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 1,386 | |
Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Residential Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 166 | |
Real Estate Mortgage Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Commercial Real Estate Loan [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 338 | |
Real Estate Mortgage Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | Residential Loan [Member] | ||
Troubled debt restructurings: | ||
Related allowance for loan losses | 3 | 6 |
Real Estate Mortgage Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | Commercial Real Estate Loan [Member] | ||
Troubled debt restructurings: | ||
Related allowance for loan losses | 0 | 0 |
Commercial Portfolio Segment [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 0 | 1,642 |
Commercial Portfolio Segment [Member] | Accruing [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 0 | |
Commercial Portfolio Segment [Member] | Nonaccrual [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 0 | |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 0 | |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 1,642 | |
Commercial Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | ||
Troubled debt restructurings: | ||
Related allowance for loan losses | 0 | 1,292 |
Consumer Portfolio Segment [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 21 | 22 |
Consumer Portfolio Segment [Member] | Accruing [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 21 | |
Consumer Portfolio Segment [Member] | Nonaccrual [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 0 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 22 | |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
TDR financing receivable | 0 | |
Consumer Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | Home Equity And Second Mortgage [Member] | ||
Troubled debt restructurings: | ||
Related allowance for loan losses | $ 0 | $ 0 |
Note 4 - Loans and Allowance 38
Note 4 - Loans and Allowance for Loan Losses (Details) - Troubled Debt Restructurings During the Period $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014USD ($) | |
Troubled debt restructurings: | ||||
Number of Contracts | 0 | 0 | 0 | 3 |
Pre-Modification Outstanding Balance | $ 542 | |||
Post-Modification Outstanding Balance | $ 542 | |||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||||
Troubled debt restructurings: | ||||
Number of Contracts | 3 | |||
Pre-Modification Outstanding Balance | $ 542 | |||
Post-Modification Outstanding Balance | $ 542 |
Note 5 - Supplemental Disclos39
Note 5 - Supplemental Disclosure for Earnings Per Share (Details) - Supplemental Disclosure for Earnings Per Share - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Earnings: | ||||
Net income . (in Dollars) | $ 1,228 | $ 1,518 | $ 2,694 | $ 2,815 |
Shares: | ||||
Weighted average common shares outstanding | 2,740,689 | 2,757,335 | 2,740,596 | 2,770,637 |
Net income attributable to First Capital, Inc. per common share, basic (in Dollars per share) | $ 0.45 | $ 0.55 | $ 0.98 | $ 1.02 |
Shares: | ||||
Weighted average common shares outstanding | 2,740,689 | 2,757,335 | 2,740,596 | 2,770,637 |
Add: Dilutive effect of restricted stock | 506 | 0 | 156 | 0 |
Weighted average common shares outstanding, as adjusted | 2,741,195 | 2,757,335 | 2,740,752 | 2,770,637 |
Net income attributable to First Capital, Inc. per common share, diluted (in Dollars per share) | $ 0.45 | $ 0.55 | $ 0.98 | $ 1.02 |
Note 6 - Stock Option Plan (Det
Note 6 - Stock Option Plan (Details) - USD ($) | Feb. 17, 2015 | May. 20, 2009 | Jun. 30, 2015 | Jun. 30, 2015 |
2009 Equity Incentive Plan [Member] | ||||
Note 6 - Stock Option Plan (Details) [Line Items] | ||||
Maximum Fair Value of First Exercisable Stock Incentive Options | 100,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | |||
2009 Equity Incentive Plan [Member] | Common Stock [Member] | ||||
Note 6 - Stock Option Plan (Details) [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 223,000 | |||
Restricted Stock [Member] | ||||
Note 6 - Stock Option Plan (Details) [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 19,500 | |||
Allocated Share-based Compensation Expense | $ 21,000 | $ 38,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 500 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 13,000 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 415,000 | $ 415,000 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 5 years | |||
Restricted Stock [Member] | Officers,Directors and Key Employees [Member] | ||||
Note 6 - Stock Option Plan (Details) [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 19,500 | |||
Share Price | $ 24.50 | |||
Stock Issued During Period, Value, Restricted Stock Award, Gross | $ 478,000 | |||
Restricted Stock [Member] | Vesting Each Year On July 1 Beginning July 1, 2016 [Member] | Officers,Directors and Key Employees [Member] | ||||
Note 6 - Stock Option Plan (Details) [Line Items] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% |
Note 6 - Stock Option Plan (D41
Note 6 - Stock Option Plan (Details) - Nonvested Restricted Shares Activity - Jun. 30, 2015 - Restricted Stock [Member] - $ / shares | Total |
Note 6 - Stock Option Plan (Details) - Nonvested Restricted Shares Activity [Line Items] | |
Granted | 19,500 |
Granted | $ 24.50 |
Vested | 500 |
Vested | $ 24.50 |
Forfeited | 1,000 |
Forfeited | $ 24.50 |
Nonvested at June 30, 2015 | 18,000 |
Nonvested at June 30, 2015 | $ 24.50 |
Note 7 - Supplemental Disclos42
Note 7 - Supplemental Disclosures of Cash Flow Information (Details) - Supplemental Disclosures of Cash Flow Information - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Cash payments for: | ||
Interest | $ 516 | $ 632 |
Taxes | 1,035 | 1,042 |
Noncash investing activities: | ||
Transfers from loans to real estate acquired through foreclosure | $ 562 | $ 75 |
Note 8 - Fair Value Measureme43
Note 8 - Fair Value Measurements (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||
Financial and Nonfinancial Liabilities, Fair Value Disclosure | $ 0 | $ 0 | $ 0 | ||
Provision for Loan and Lease Losses | 50,000 | $ 90,000 | 50,000 | $ 115,000 | |
SEC Schedule III, Real Estate, Write-down or Reserve, Amount | 0 | 0 | 0 | 0 | |
Impaired Loan [Member] | |||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||
Provision for Loan and Lease Losses | $ 47,000 | $ 8,000 | $ 82,000 | $ 21,000 | |
Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Impaired Loan [Member] | |||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||
Fair Value Inputs Estimated Selling Costs | 10.00% | 10.00% | |||
Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Foreclosed Real Estate [Member] | |||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||
Fair Value Inputs, Discount Rate | 20.00% | 10.00% | |||
Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Impaired Loan [Member] | |||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||
Fair Value Inputs Estimated Selling Costs | 20.00% | 20.00% | |||
Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Foreclosed Real Estate [Member] | |||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||
Fair Value Inputs, Discount Rate | 60.00% | 60.00% | |||
Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member] | Foreclosed Real Estate [Member] | |||||
Note 8 - Fair Value Measurements (Details) [Line Items] | |||||
Fair Value Inputs, Discount Rate | 30.00% | 40.00% |
Note 8 - Fair Value Measureme44
Note 8 - Fair Value Measurements (Details) - Assets Measured at Fair Value on Recurring and Nonrecurring Basis - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Securities available for sale: | ||
Securities available for sale | $ 98,361 | $ 100,226 |
Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 98,361 | 100,226 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 3,289 | 3,688 |
Loans held for sale | 1,673 | 1,608 |
Foreclosed real estate: | ||
Foreclosed real estate | 567 | 78 |
Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Loan [Member] | ||
Impaired loans: | ||
Impaired loans | 1,344 | 1,364 |
Foreclosed real estate: | ||
Foreclosed real estate | 87 | 78 |
Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Loan [Member] | ||
Impaired loans: | ||
Impaired loans | 20 | 16 |
Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction Loans [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Loan [Member] | ||
Impaired loans: | ||
Impaired loans | 1,792 | 1,808 |
Foreclosed real estate: | ||
Foreclosed real estate | 480 | |
Commercial Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 349 |
Consumer Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Home Equity And Second Mortgage [Member] | ||
Impaired loans: | ||
Impaired loans | 133 | 151 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale: | ||
Securities available for sale | 34,338 | 32,296 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 34,338 | 32,296 |
Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale: | ||
Securities available for sale | 11,462 | 14,385 |
Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 11,462 | 14,385 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale: | ||
Securities available for sale | 18,533 | 18,120 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 18,533 | 18,120 |
Municipal Notes [Member] | ||
Securities available for sale: | ||
Securities available for sale | 32,551 | 33,342 |
Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 32,551 | 33,342 |
Mutual Funds [Member] | ||
Securities available for sale: | ||
Securities available for sale | 1,477 | 2,083 |
Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 1,477 | 2,083 |
Fair Value, Inputs, Level 1 [Member] | ||
Securities available for sale: | ||
Securities available for sale | 1,477 | 2,083 |
Impaired loans: | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 1,477 | 2,083 |
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] | Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Loan [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Foreclosed real estate: | ||
Foreclosed real estate | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Loan [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction Loans [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Loan [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Foreclosed real estate: | ||
Foreclosed real estate | 0 | |
Fair Value, Inputs, Level 1 [Member] | Commercial Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Consumer Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Home Equity And Second Mortgage [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 1,477 | 2,083 |
Fair Value, Inputs, Level 2 [Member] | ||
Securities available for sale: | ||
Securities available for sale | 96,884 | 98,143 |
Impaired loans: | ||
Loans held for sale | 1,708 | 1,641 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 96,884 | 98,143 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Loans held for sale | 1,673 | 1,608 |
Foreclosed real estate: | ||
Foreclosed real estate | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Loan [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Foreclosed real estate: | ||
Foreclosed real estate | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Loan [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction Loans [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Loan [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Foreclosed real estate: | ||
Foreclosed real estate | 0 | |
Fair Value, Inputs, Level 2 [Member] | Commercial Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Consumer Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Home Equity And Second Mortgage [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 34,338 | 32,296 |
Fair Value, Inputs, Level 2 [Member] | Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 11,462 | 14,385 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 18,533 | 18,120 |
Fair Value, Inputs, Level 2 [Member] | Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 32,551 | 33,342 |
Fair Value, Inputs, Level 2 [Member] | Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
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, 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 | 3,289 | 3,688 |
Loans held for sale | 0 | 0 |
Foreclosed real estate: | ||
Foreclosed real estate | 567 | 78 |
Fair Value, Inputs, Level 3 [Member] | Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Loan [Member] | ||
Impaired loans: | ||
Impaired loans | 1,344 | 1,364 |
Foreclosed real estate: | ||
Foreclosed real estate | 87 | 78 |
Fair Value, Inputs, Level 3 [Member] | Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Loan [Member] | ||
Impaired loans: | ||
Impaired loans | 20 | 16 |
Fair Value, Inputs, Level 3 [Member] | Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction Loans [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Real Estate Mortgage Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Loan [Member] | ||
Impaired loans: | ||
Impaired loans | 1,792 | 1,808 |
Foreclosed real estate: | ||
Foreclosed real estate | 480 | |
Fair Value, Inputs, Level 3 [Member] | Commercial Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans: | ||
Impaired loans | 0 | 349 |
Fair Value, Inputs, Level 3 [Member] | Consumer Portfolio Segment [Member] | Fair Value, Measurements, Nonrecurring [Member] | Home Equity And Second Mortgage [Member] | ||
Impaired loans: | ||
Impaired loans | 133 | 151 |
Fair Value, Inputs, Level 3 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Agency Collateralized Mortgage Obligations [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Municipal Notes [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale: | ||
Securities available for sale | $ 0 | $ 0 |
Note 8 - Fair Value Measureme45
Note 8 - Fair Value Measurements (Details) - Carrying Value and Estimated Fair Value of Financial Instruments - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financial assets: | ||
Interest-bearing time deposits | $ 859 | $ 865 |
Securities available for sale | 98,361 | 100,226 |
Securities held to maturity | 5 | 6 |
Reported Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 39,647 | 33,243 |
Interest-bearing time deposits | 9,515 | 8,270 |
Securities available for sale | 98,361 | 100,226 |
Securities held to maturity | 5 | 6 |
Loans held for sale | 1,673 | 1,608 |
Loans, net | 298,865 | 300,603 |
FHLB stock | 1,550 | 2,241 |
Accrued interest receivable | 1,538 | 1,580 |
Cost method investment | 711 | 711 |
Financial liabilities: | ||
Deposits | 416,247 | 412,636 |
Accrued interest payable | 94 | 127 |
Estimate of Fair Value Measurement [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 39,647 | 33,243 |
Interest-bearing time deposits | 9,618 | 8,370 |
Securities available for sale | 98,361 | 100,226 |
Securities held to maturity | 5 | 6 |
Loans held for sale | 1,708 | 1,641 |
Loans, net | 298,602 | 301,864 |
FHLB stock | 1,550 | 2,241 |
Accrued interest receivable | 1,538 | 1,580 |
Cost method investment | 711 | 711 |
Financial liabilities: | ||
Deposits | 415,785 | 412,282 |
Accrued interest payable | 94 | 127 |
Fair Value, Inputs, Level 1 [Member] | ||
Financial assets: | ||
Cash and cash equivalents | 39,647 | 33,243 |
Interest-bearing time deposits | 0 | 0 |
Securities available for sale | 1,477 | 2,083 |
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 | 9,618 | 8,370 |
Securities available for sale | 96,884 | 98,143 |
Securities held to maturity | 5 | 6 |
Loans held for sale | 1,708 | 1,641 |
Loans, net | 0 | 0 |
FHLB stock | 1,550 | 2,241 |
Accrued interest receivable | 1,538 | 1,580 |
Cost method investment | 711 | 711 |
Financial liabilities: | ||
Deposits | 0 | 0 |
Accrued interest payable | 94 | 127 |
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 | 298,602 | 301,864 |
FHLB stock | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Cost method investment | 0 | 0 |
Financial liabilities: | ||
Deposits | 415,785 | 412,282 |
Accrued interest payable | $ 0 | $ 0 |