Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2018 | Jul. 25, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | First Capital Inc. | |
Entity Central Index Key | 1,070,296 | |
Trading Symbol | fcap | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 3,356,144 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and due from banks | $ 16,822 | $ 19,478 |
Interest bearing deposits with banks | 3,295 | 730 |
Federal funds sold | 41,769 | 5,707 |
Total cash and cash equivalents | 61,886 | 25,915 |
Interest-bearing time deposits | 7,770 | 9,258 |
Securities available for sale, fair value | 251,438 | 271,172 |
Securities held to maturity, amortized cost | 1 | |
Loans, net | 419,360 | 409,618 |
Loans held for sale | 2,056 | 2,630 |
Federal Home Loan Bank and other stock, at cost | 1,988 | 1,979 |
Foreclosed real estate | 3,391 | 3,971 |
Premises and equipment | 14,608 | 15,031 |
Accrued interest receivable | 2,676 | 2,694 |
Cash value of life insurance | 7,959 | 7,279 |
Goodwill | 6,472 | 6,472 |
Core deposit intangible | 1,039 | 1,112 |
Other assets | 7,434 | 1,824 |
Total Assets | 788,077 | 758,956 |
LIABILITIES | ||
Noninterest-bearing | 142,700 | 129,828 |
Interest-bearing | 559,136 | 534,734 |
Total deposits | 701,836 | 664,562 |
Advances from Federal Home Loan Bank | 10,000 | |
Accrued interest payable | 113 | 107 |
Accrued expenses and other liabilities | 5,712 | 3,237 |
Total liabilities | 707,661 | 677,906 |
EQUITY | ||
Preferred stock of $.01 par value per share Authorized 1,000,000 shares; none issued | ||
Common stock of $.01 par value per share Authorized 7,500,000 shares; issued 3,782,933 shares (3,762,933 in 2017); outstanding 3,356,962 shares (3,336,964 in 2017) | 38 | 38 |
Additional paid-in capital | 40,263 | 39,515 |
Retained earnings-substantially restricted | 54,661 | 51,972 |
Unearned stock compensation | (854) | (212) |
Accumulated other comprehensive loss | (5,482) | (2,060) |
Less treasury stock, at cost - 425,971 shares (425,969 in 2017) | (8,315) | (8,315) |
Total First Capital, Inc. stockholders' equity | 80,311 | 80,938 |
Noncontrolling interest in subsidiary | 105 | 112 |
Total equity | 80,416 | 81,050 |
Total Liabilities and Equity | $ 788,077 | $ 758,956 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2018 | Dec. 31, 2017 |
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, issued (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, authorized (in shares) | 7,500,000 | 7,500,000 |
Common stock, issued (in shares) | 3,782,933 | 3,762,933 |
Common stock, outstanding (in shares) | 3,356,962 | 3,336,964 |
Treasury stock, shares (in shares) | 425,971 | 425,969 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
INTEREST INCOME | ||||
Loans, including fees | $ 5,558 | $ 5,133 | $ 10,859 | $ 10,080 |
Securities: | ||||
Taxable | 945 | 971 | 1,897 | 1,904 |
Tax-exempt | 361 | 362 | 739 | 691 |
Federal Home Loan Bank dividends | 21 | 16 | 54 | 33 |
Federal funds sold and interest bearing deposits with banks | 178 | 96 | 278 | 213 |
Total interest income | 7,063 | 6,578 | 13,827 | 12,921 |
INTEREST EXPENSE | ||||
Deposits | 395 | 346 | 716 | 705 |
Advances from Federal Home Loan Bank | 21 | |||
Total interest expense | 395 | 346 | 737 | 705 |
Net interest income | 6,668 | 6,232 | 13,090 | 12,216 |
Provision for loan losses | 316 | 256 | 513 | 467 |
Net interest income after provision for loan losses | 6,352 | 5,976 | 12,577 | 11,749 |
NONINTEREST INCOME | ||||
Noninterest income, financial service | 1,318 | 1,263 | 2,515 | 2,378 |
Gain (loss) on sale of securities | (96) | 61 | (95) | 61 |
Gain on sale of loans | 290 | 354 | 530 | 611 |
Increase in cash surrender value of life insurance | 85 | 72 | 128 | 113 |
Other income | 139 | 106 | 184 | 146 |
Total noninterest income | 1,736 | 1,856 | 3,262 | 3,309 |
NONINTEREST EXPENSE | ||||
Compensation and benefits | 2,942 | 2,714 | 5,836 | 5,434 |
Occupancy and equipment | 414 | 388 | 827 | 769 |
Data processing | 764 | 678 | 1,508 | 1,326 |
Professional fees | 181 | 169 | 359 | 332 |
Advertising | 103 | 75 | 188 | 175 |
Net (gain) loss on foreclosed real estate | 400 | (100) | 521 | 211 |
Other operating expenses | 893 | 879 | 1,712 | 1,711 |
Total noninterest expense | 5,697 | 4,803 | 10,951 | 9,958 |
Income before income taxes | 2,391 | 3,029 | 4,888 | 5,100 |
Income tax expense | 287 | 835 | 648 | 1,350 |
Net Income | 2,104 | 2,194 | 4,240 | 3,750 |
Less: net income attributable to noncontrolling interest in subsidiary | 4 | 4 | 7 | 7 |
Net Income Attributable to First Capital, Inc. | $ 2,100 | $ 2,190 | $ 4,233 | $ 3,743 |
Earnings per common share attributable to First Capital, Inc.: | ||||
Basic (in dollars per share) | $ 0.63 | $ 0.66 | $ 1.27 | $ 1.13 |
Diluted (in dollars per share) | 0.63 | 0.66 | 1.27 | 1.12 |
Dividends per share (in dollars per share) | $ 0.23 | $ 0.21 | $ 0.46 | $ 0.42 |
Deposit Account [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income, financial service | $ 1,188 | $ 1,132 | $ 2,297 | $ 2,133 |
Investment Advisory, Management and Administrative Service [Member] | ||||
NONINTEREST INCOME | ||||
Noninterest income, financial service | $ 130 | $ 131 | $ 218 | $ 245 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Net Income | $ 2,104 | $ 2,194 | $ 4,240 | $ 3,750 |
Unrealized gains (losses) on securities available for sale: | ||||
Unrealized holding gains (losses) arising during the period | (636) | 2,603 | (4,651) | 3,356 |
Income tax (expense) benefit | (158) | 997 | (1,157) | 1,285 |
Net of tax amount | (478) | 1,606 | (3,494) | 2,071 |
Less: reclassification adjustment for realized (gains) losses included in net income | 96 | (61) | 95 | (61) |
Income tax expense (benefit) | (23) | 21 | (23) | 21 |
Net of tax amount | 73 | (40) | 72 | (40) |
Other Comprehensive Income (Loss), net of tax | (405) | 1,566 | (3,422) | 2,031 |
Comprehensive Income | 1,699 | 3,760 | 818 | 5,781 |
Less: comprehensive income attributable to the noncontrolling interest in subsidiary | 4 | 4 | 7 | 7 |
Comprehensive Income Attributable to First Capital, Inc. | $ 1,695 | $ 3,756 | $ 811 | $ 5,774 |
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 |
Balances at Dec. 31, 2016 | $ 38 | $ 39,515 | $ 47,051 | $ (2,277) | $ (300) | $ (8,297) | $ 112 | $ 75,842 |
Net Income | 0 | 0 | 3,743 | 0 | 0 | 0 | 7 | 3,750 |
Other comprehensive income | 0 | 0 | 0 | 2,031 | 0 | 0 | 0 | 2,031 |
Cash dividends | 0 | 0 | (1,402) | 0 | 0 | 0 | (14) | (1,416) |
Stock compensation expense | 0 | 0 | 0 | 0 | 43 | 0 | 0 | 43 |
Balances at Jun. 30, 2017 | 38 | 39,515 | 49,392 | (246) | (257) | (8,297) | 105 | 80,250 |
Balances at Dec. 31, 2017 | 38 | 39,515 | 51,972 | (2,060) | (212) | (8,315) | 112 | 81,050 |
Net Income | 0 | 0 | 4,233 | 0 | 0 | 0 | 7 | 4,240 |
Other comprehensive income | 0 | 0 | 0 | (3,422) | 0 | 0 | 0 | (3,422) |
Cash dividends | 0 | 0 | (1,544) | 0 | 0 | 0 | (14) | (1,558) |
Stock compensation expense | 0 | 0 | 0 | 0 | 106 | 0 | 0 | 106 |
Restricted stock grants | 0 | 748 | 0 | 0 | (748) | 0 | 0 | 0 |
Balances at Jun. 30, 2018 | $ 38 | $ 40,263 | $ 54,661 | $ (5,482) | $ (854) | $ (8,315) | $ 105 | $ 80,416 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 4,240 | $ 3,750 |
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 | 850 | 849 |
Depreciation and amortization expense | 620 | 609 |
Deferred income taxes | (327) | (158) |
Stock compensation expense | 106 | 43 |
Increase in cash value of life insurance | (128) | (113) |
Gain on life insurance | (94) | (18) |
(Gain) loss on sale of securities | 95 | (61) |
Provision for loan losses | 513 | 467 |
Proceeds from sales of loans | 26,679 | 29,184 |
Loans originated for sale | (25,575) | (26,131) |
Gain on sale of loans | (530) | (611) |
Amortization of tax credit investment | 164 | |
Net realized and unrealized loss on foreclosed real estate | 466 | 200 |
Decrease (increase) in accrued interest receivable | 18 | (122) |
Increase (decrease) in accrued interest payable | 6 | (19) |
Net change in other assets/liabilities | (799) | (448) |
Net Cash Provided By Operating Activities | 6,304 | 7,421 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Investment in interest-bearing time deposits | (990) | |
Proceeds from maturities and sales of interest-bearing time deposits | 1,488 | 2,425 |
Purchase of securities available for sale | (13,657) | (35,133) |
Proceeds from maturities of securities available for sale | 870 | 2,785 |
Proceeds from sales of securities available for sale | 14,345 | 1,090 |
Principal collected on mortgage-backed obligations | 12,742 | 12,353 |
Investment in cash value of life insurance | (1,000) | |
Net increase in loans receivable | (10,355) | (14,116) |
Investment in tax credit entities | (691) | |
Proceeds from sale of foreclosed real estate | 214 | 872 |
Purchase of Federal Home Loan Bank stock | (9) | (329) |
Purchase of premises and equipment | (123) | (964) |
Proceeds from settlement of bank-owned life insurance policies | 127 | 804 |
Net Cash Provided By (Used In) Investing Activities | 3,951 | (31,203) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net increase in deposits | 37,274 | 15,716 |
Repayment of advances from Federal Home Loan Bank | (10,000) | |
Dividends paid | (1,558) | (1,416) |
Net Cash Provided By Financing Activities | 25,716 | 14,300 |
Net Increase (Decrease) in Cash and Cash Equivalents | 35,971 | (9,482) |
Cash and cash equivalents at beginning of period | 25,915 | 45,835 |
Cash and Cash Equivalents at End of Period | $ 61,886 | $ 36,353 |
Note 1 - Presentation of Interi
Note 1 - Presentation of Interim Information | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. First Capital, Inc. (“Company”) is the financial holding company for First Harrison Bank (“Bank”), an Indiana chartered commercial bank and wholly-owned subsidiary. 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”) is a wholly-owned subsidiary of First Harrison Holdings, Inc. that holds a portion of the Bank’s real estate mortgage loan portfolio. FHB Risk Mitigation Services, Inc. (“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 ten third may not On September 20, 2017, June 30, 2018, not not Additionally, in connection with the Conversion, the Company filed an application with the Federal Reserve Bank of St. Louis to change from a savings and loan holding company to a financial holding company. This change occurred simultaneously with the Conversion discussed above. 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, 2018, three six June 30, 2018 2017 six June 30, 2018 2017. not 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 not December 31, 2017 10 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. Certain prior period amounts have been reclassified to conform with the current period presentation. The reclassifications had no |
Note 2 - Investment Securities
Note 2 - Investment Securities | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Equity Instruments, Cash and Cash Equivalents, Unrealized and Realized Gains (Losses) [Text Block] | 2. Debt and equity securities have been classified in the consolidated balance sheets according to management’s intent. Investment securities at June 30, 2018 December 31, 2017 (In thousands) Amortized Gross Gross Fair June 30, 2018 Securities available for sale: Agency mortgage-backed securities $ 105,294 $ 1 $ 4,754 $ 100,541 Agency CMO 23,168 5 511 22,662 Other debt securities: Agency notes and bonds 70,477 - 1,481 68,996 Municipal obligations 59,693 489 943 59,239 Total securities available for sale $ 258,632 $ 495 $ 7,689 $ 251,438 December 31, 2017 Securities available for sale: Agency mortgage-backed securities $ 114,902 $ - $ 2,253 $ 112,649 Agency CMO 15,660 1 338 15,323 Other debt securities: Agency notes and bonds 70,013 - 985 69,028 Municipal obligations 73,303 1,274 405 74,172 Total securities available for sale $ 273,878 $ 1,275 $ 3,981 $ 271,172 Securities held to maturity: Agency mortgage-backed securities $ 1 $ - $ - $ 1 Total securities held to maturity $ 1 $ - $ - $ 1 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, 2018, may may Securities Available for Sale Amortized Fair (In thousands) Due in one year or less $ 22,320 $ 22,167 Due after one year through five years 58,207 56,861 Due after five years through ten years 30,999 30,505 Due after ten years 18,644 18,702 130,170 128,235 Mortgage-backed securities and CMO 128,462 123,203 $ 258,632 $ 251,438 Information pertaining to investment securities available for sale with gross unrealized losses at June 30, 2018, Number of Fair Gross (Dollars in thousands) Continuous loss position less than twelve months: Agency mortgage-backed securities 32 $ 22,976 $ 791 Agency CMO 11 6,688 106 Agency notes and bonds 4 9,579 90 Muncipal obligations 31 15,296 287 Total less than twelve months 78 54,539 1,274 Continuous loss position more than twelve months: Agency mortgage-backed securities 67 77,551 3,963 Agency CMO 18 10,628 405 Agency notes and bonds 20 59,416 1,391 Muncipal obligations 31 15,746 656 Total more than twelve months 136 163,341 6,415 Total securities available for sale 214 $ 217,880 $ 7,689 Information pertaining to investment securities available for sale with gross unrealized losses at December 31, 2017, December 31, 2017, not Number of Fair Gross (Dollars in thousands) Continuous loss position less than twelve months: Agency mortgage-backed securities 37 $ 37,570 $ 400 Agency CMO 6 3,036 38 Agency notes and bonds 4 11,119 69 Muncipal obligations 20 10,955 83 Total less than twelve months 67 62,680 590 Continuous loss position more than twelve months: Agency mortgage-backed securities 60 74,960 1,853 Agency CMO 18 11,801 300 Agency notes and bonds 19 57,909 916 Muncipal obligations 29 14,667 322 Total more than twelve months 126 159,337 3,391 Total securities available for sale 193 $ 222,017 $ 3,981 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 2 3 At June 30, 2018, 3.4% first no While management does not June 30, 2018, may During the three June 30, 2018, $211,000 $307,000 six June 30, 2018, $218,000 $307,000 $6,000 three six June 30, 2017, $58,000 $3,000, Certain available for sale debt securities were pledged to secure public fund deposits at June 30, 2018 December 31, 2017. |
Note 3 - Loans and Allowance fo
Note 3 - Loans and Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 3 . Loans and Allowance for Loan Losses The Company’s loan and allowance for loan loss policies are as follows: Loans are stated at unpaid principal balances, less net deferred loan fees and the allowance for loan losses. The Company grants real estate mortgage, commercial business and consumer loans. A substantial portion of the loan portfolio is represented by mortgage loans to customers in the Louisville, Kentucky metropolitan statistical area (MSA). The ability of the Company’s customers to honor their loan agreements is largely 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 . 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 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 not June 30, 2018, five $97,000 Consumer loans not 90 45 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 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 twelve not Management also applies additional loss factor multiples to loans classified as watch, special mention and substandard that are not June 30, 2018 December 31, 2017. 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 10 December 31, 2017. 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 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. not At June 30, 2018 December 31, 2017, $906,000 $588,000, Loans at June 30, 2018 December 31, 2017 (In thousands) June 30, December 31, Real estate mortgage loans: Residential $ 135,602 $ 136,399 Land 21,334 18,198 Residential construction 30,495 28,854 Commercial real estate 104,767 100,133 Commercial real estate contruction 12,387 17,161 Commercial business loans 33,743 34,114 Consumer loans: Home equity and second mortgage loans 51,283 49,802 Automobile loans 40,435 38,361 Loans secured by savings accounts 1,404 1,751 Unsecured loans 3,708 3,744 Other consumer loans 8,018 8,714 Gross loans 443,176 437,231 Less undisbursed portion of loans in process (21,013 ) (25,020 ) Principal loan balance 422,163 412,211 Deferred loan origination fees, net 1,064 1,041 Allowance for loan losses (3,867 ) (3,634 ) Loans, net $ 419,360 $ 409,618 The following table provides the components of the Company’s recorded investment in loans at June 30, 2018: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 135,602 $ 21,334 $ 21,869 $ 104,767 $ 33,743 $ 51,283 $ 53,565 $ 422,163 Accrued interest receivable 482 94 56 250 117 206 217 1,422 Net deferred loan origination fees and costs 92 15 (8 ) (41 ) 1 1,005 - 1,064 Recorded investment in loans $ 136,176 $ 21,443 $ 21,917 $ 104,976 $ 33,861 $ 52,494 $ 53,782 $ 424,649 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 2,383 $ 333 $ - $ 259 $ 245 $ 76 $ 8 $ 3,304 Collectively evaluated for impairment 133,441 21,110 21,917 104,667 33,616 52,418 53,774 420,943 Acquired with deteriorated credit quality 352 - - 50 - - - 402 Ending balance $ 136,176 $ 21,443 $ 21,917 $ 104,976 $ 33,861 $ 52,494 $ 53,782 $ 424,649 The following table provides the components of the Company’s recorded investment in loans at December 31, 2017: Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 136,399 $ 18,198 $ 20,995 $ 100,133 $ 34,114 $ 49,802 $ 52,570 $ 412,211 Accrued interest receivable 474 94 49 249 87 189 223 1,365 Net deferred loan origination fees and costs 87 17 (10 ) (42 ) 2 987 - 1,041 Recorded investment in loans $ 136,960 $ 18,309 $ 21,034 $ 100,340 $ 34,203 $ 50,978 $ 52,793 $ 414,617 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 2,907 $ - $ - $ 401 $ 42 $ 73 $ - $ 3,423 Collectively evaluated for impairment 133,703 18,309 21,034 99,891 34,161 50,905 52,793 410,796 Acquired with deteriorated credit quality 350 - - 48 - - - 398 Ending balance $ 136,960 $ 18,309 $ 21,034 $ 100,340 $ 34,203 $ 50,978 $ 52,793 $ 414,617 An analysis of the allowance for loan losses as of June 30, 2018 Residential Commercial Commercial Home Equity & Other (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 160 $ - $ - $ - $ 2 $ - $ - $ 162 Collectively evaluated for impairment 528 148 216 1,306 415 607 485 3,705 Acquired with deteriorated credit quality - - - - - - - - Ending balance $ 688 $ 148 $ 216 $ 1,306 $ 417 $ 607 $ 485 $ 3,867 An analysis of the allowance for loan losses as of December 31, 2017 Residential Commercial Commercial Home Equity & Other (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 35 $ - $ - $ - $ 4 $ 13 $ - $ 52 Collectively evaluated for impairment 182 133 245 1,622 287 697 414 3,580 Acquired with deteriorated credit quality 2 - - - - - - 2 Ending balance $ 219 $ 133 $ 245 $ 1,622 $ 291 $ 710 $ 414 $ 3,634 An analysis of the changes in the allowance for loan losses for the three six June 30, 2018 Residential Commercial Commercial Home Equity & Other (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2018 Beginning balance $ 301 $ 156 $ 291 $ 1,520 $ 276 $ 680 $ 407 $ 3,631 Provisions for loan losses 398 (8 ) (75 ) (237 ) 141 (75 ) 172 316 Charge-offs (15 ) 0 0 0 0 (13 ) (138 ) (166 ) Recoveries 4 0 0 23 0 15 44 86 Ending balance $ 688 $ 148 $ 216 $ 1,306 $ 417 $ 607 $ 485 $ 3,867 Changes in Allowance for Loan Losses for the six-months ended June 30, 2018 Beginning balance $ 219 $ 133 $ 245 $ 1,622 $ 291 $ 710 $ 414 $ 3,634 Provisions for loan losses 538 15 (29 ) (348 ) 126 (109 ) 320 513 Charge-offs (75 ) 0 0 0 (1 ) (12 ) (334 ) (422 ) Recoveries 6 0 0 32 1 18 85 142 Ending balance $ 688 $ 148 $ 216 $ 1,306 $ 417 $ 607 $ 485 $ 3,867 An analysis of the changes in the allowance for loan losses for the three six June 30, 2017 Residential Commercial Commercial Home Equity & Other (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2017 Beginning balance $ 271 $ 109 $ 223 $ 1,585 $ 244 $ 698 $ 288 $ 3,418 Provisions for loan losses (61 ) 15 83 (4 ) 46 (13 ) 190 256 Charge-offs (6 ) 0 0 (2 ) 0 (6 ) (186 ) (200 ) Recoveries 8 0 0 4 0 1 39 52 Ending balance $ 212 $ 124 $ 306 $ 1,583 $ 290 $ 680 $ 331 $ 3,526 Changes in Allowance for Loan Losses for the six-months ended June 30, 2017 Beginning balance $ 380 $ 56 $ 80 $ 1,670 $ 198 $ 683 $ 319 $ 3,386 Provisions for loan losses (146 ) 68 226 (132 ) 131 1 319 467 Charge-offs (46 ) 0 0 (3 ) (43 ) (6 ) (390 ) (488 ) Recoveries 24 0 0 48 4 2 83 161 Ending balance $ 212 $ 124 $ 306 $ 1,583 $ 290 $ 680 $ 331 $ 3,526 At June 30, 2018 December 31, 2017, not not $2.7 $2.6 June 30, 2018 December 31, 2017, June 30, 2018 December 31, 2017. Management also adjusts the historical loss factors for loans classified as watch, special mention and substandard that are not not $489,000 $506,000 June 30, 2018 December 31, 2017, not December 31, 2017 June 30, 2018. Additional discussion of the Bank’s allowance for loan loss methodology can be found in the Company’s Annual Report on Form 10 December 31, 2017. The following table summarizes the Company’s impaired loans as of June 30, 2018 three six June 30, 2018. not three six June 30, 2018: At June 30, 2018 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Unpaid Average Interest Average Interest (In thousands) Loans with no related allowance recorded: Residential $ 2,128 $ 2,357 $ 0 $ 2,327 $ 5 $ 2,449 $ 13 Land 333 339 0 214 0 142 0 Construction 0 0 0 0 0 0 0 Commercial real estate 259 257 0 312 5 342 10 Commercial business 217 219 0 254 4 173 7 Home equity/2nd mortgage 76 85 0 77 0 71 1 Other consumer 8 0 0 8 1 5 1 3,021 3,257 0 3,192 15 3,182 32 Loans with an allowance recorded: Residential 255 274 160 267 0 248 0 Land 0 0 0 0 0 0 0 Construction 0 0 0 0 0 0 0 Commercial real estate 0 0 0 0 0 0 0 Commercial business 28 30 2 28 0 29 0 Home equity/2nd mortgage 0 0 0 7 0 9 0 Other consumer 0 0 0 0 0 0 0 283 304 162 302 0 286 0 Total: Residential 2,383 2,631 160 2,594 5 2,697 13 Land 333 339 0 214 0 142 0 Construction 0 0 0 0 0 0 0 Commercial real estate 259 257 0 312 5 342 10 Commercial business 245 249 2 282 4 202 7 Home equity/2nd mortgage 76 85 0 84 0 80 1 Other consumer 8 0 0 8 1 5 1 $ 3,304 $ 3,561 $ 162 $ 3,494 $ 15 $ 3,468 $ 32 The following table summarizes the Company’s impaired loans for the three six June 30, 2017. not three six June 30, 2017: Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Average Interest Average Interest Loans with no related allowance recorded: Residential $ 2,387 $ 6 $ 2,215 $ 14 Land 0 0 0 0 Construction 0 0 0 0 Commercial real estate 759 6 911 8 Commercial business 72 0 73 0 Home equity/2nd mortgage 228 0 229 1 Other consumer 11 0 7 0 3,457 12 3,435 23 Loans with an allowance recorded: Residential 87 0 128 0 Land 0 0 0 0 Construction 0 0 0 0 Commercial real estate 0 0 0 0 Commercial business 50 0 56 0 Home equity/2nd mortgage 23 0 19 0 Other consumer 25 0 23 0 185 0 226 0 Total: Residential 2,474 6 2,343 14 Land 0 0 0 0 Construction 0 0 0 0 Commercial real estate 759 6 911 8 Commercial business 122 0 129 0 Home equity/2nd mortgage 251 0 248 1 Other consumer 36 0 30 0 $ 3,642 $ 12 $ 3,661 $ 23 The following table summarizes the Company’s impaired loans as of December 31, 2017: Unpaid (In thousands) Loans with no related allowance recorded: Residential $ 2,695 $ 2,948 $ - Land - - - Construction - - - Commercial real estate 401 535 - Commercial business 12 12 - Home equity/2nd mortgage 60 68 - Other consumer - - - 3,168 3,563 - Loans with an allowance recorded: Residential 212 218 35 Land - - - Construction - - - Commercial real estate - - - Commercial business 30 30 4 Home equity/2nd mortgage 13 13 13 Other consumer - - - 255 261 52 Total: Residential 2,907 3,166 35 Land - - - Construction - - - Commercial real estate 401 535 - Commercial business 42 42 4 Home equity/2nd mortgage 73 81 13 Other consumer - - - $ 3,423 $ 3,824 $ 52 Nonperforming loans consists of nonaccrual loans and loans over 90 June 30, 2018 December 31, 2017: June 30, 2018 December 31, 2017 Loans 90+ Days Total Loans 90+ Days Total (In thousands) Residential $ 1,845 $ - $ 1,845 $ 2,298 $ 109 $ 2,407 Land 333 - 333 - 95 95 Construction - - - - - - Commercial real estate - - - 139 - 139 Commercial business 76 67 143 42 59 101 Home equity/2nd mortgage 62 - 62 57 - 57 Other consumer - 30 30 - 28 28 Total $ 2,316 $ 97 $ 2,413 $ 2,536 $ 291 $ 2,827 The following table presents the aging of the recorded investment in loans at June 30, 2018: 90 Days or More Purchased (In thousands) Residential $ 2,468 $ 554 $ 1,099 $ 4,121 $ 131,703 $ 352 $ 136,176 Land 103 - 95 198 21,245 - 21,443 Construction - - - - 21,917 - 21,917 Commercial real estate 728 - - 728 104,198 50 104,976 Commercial business 201 - 67 268 33,593 - 33,861 Home equity/2nd mortgage 125 1 - 126 52,368 - 52,494 Other consumer 297 54 30 381 53,401 - 53,782 Total $ 3,922 $ 609 $ 1,291 $ 5,822 $ 418,425 $ 402 $ 424,649 The following table presents the aging of the recorded investment in loans at December 31, 2017: Purchased (In thousands) Residential $ 2,612 $ 338 $ 1,255 $ 4,205 $ 132,405 $ 350 $ 136,960 Land 186 - 95 281 18,028 - 18,309 Construction - - - - 21,034 - 21,034 Commercial real estate 379 - 139 518 99,774 48 100,340 Commercial business 46 49 102 197 34,006 - 34,203 Home equity/2nd mortgage 468 27 13 508 50,470 - 50,978 Other consumer 420 37 28 485 52,308 - 52,793 Total $ 4,111 $ 451 $ 1,632 $ 6,194 $ 408,025 $ 398 $ 414,617 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: may Substandard: not Doubtful: Loss: not Loans not The following table presents the recorded investment in loans by risk category as of the date indicated: Residential Commercial Commercial Home Equity & Other (In thousands) June 30, 2018 Pass $ 133,138 $ 21,061 $ 21,644 $ 101,232 $ 32,647 $ 52,431 $ 53,638 $ 415,791 Special Mention 379 - 273 1,944 899 - 142 3,637 Substandard 798 49 - 1,800 239 1 2 2,889 Doubtful 1,861 333 - - 76 62 - 2,332 Loss - - - - - - - - Total $ 136,176 $ 21,443 $ 21,917 $ 104,976 $ 33,861 $ 52,494 $ 53,782 $ 424,649 December 31, 2017 Pass $ 133,618 $ 18,003 $ 20,173 $ 97,219 $ 33,245 $ 50,919 $ 52,629 $ 405,806 Special Mention 348 157 861 1,362 734 - 161 3,623 Substandard 684 149 - 1,620 182 2 3 2,640 Doubtful 2,310 - - 139 42 57 - 2,548 Loss - - - - - - - - Total $ 136,960 $ 18,309 $ 21,034 $ 100,340 $ 34,203 $ 50,978 $ 52,793 $ 414,617 The following table summarizes the Company’s troubled debt restructurings (TDRs) by accrual status as of June 30, 2018 December 31, 2017: June 30, 2018 December 31, 2017 Related Allowance Related Allowance (In thousands) Troubled debt restructurings: Residential real estate $ 468 $ 106 $ 574 $ - $ 487 $ 106 $ 593 $ - Commercial real estate 352 - 352 - 356 - 356 - Commercial business 169 - 169 - - - - - Home equity and 2nd mortgage 14 - 14 - 15 - 15 - Total $ 1,003 $ 106 $ 1,109 $ - $ 858 $ 106 $ 964 $ - At June 30, 2018 December 31, 2017, no The following table summarizes information in regard to TDRs that were restructured during the six June 30, 2018: Six months ended June 30, 2018 Pre-Modifcation Post-Modifcation (Dollars in thousands) Troubled debt restructurings: Commercial business 1 $ 179 $ 179 Total 1 $ 179 $ 179 For the TDR listed above, the terms of modification included the deferral of contractual principal payments. There were no three June 30, 2018 three six June 30, 2017. There were no no three six June 30, 2018 2017. There were no 12 90 three six June 30, 2018 2017. may may Purchased Credit Impaired (PCI) Loans Purchased loans acquired in a business combination are recorded at estimated fair value on their purchase date with no not 310 30. The following table presents the carrying amount of PCI loans accounted for under ASC 310 30 June 30, 2018 December 31, 2017: (In thousands) June 30, December 31 , Residential real estate $ 352 $ 350 Commercial real estate 50 48 Carrying amount 402 398 Allowance for loan losses 0 2 Carrying amount, net of allowance $ 402 $ 396 The outstanding balance of PCI loans accounted for under ASC 310 30, $610,000 $625,000 June 30, 2018 December 31, 2017, There was no June 30, 2018. $2,000 December 31, 2017. $2,000 six June 30, 2018. no three June 30, 2018 three six June 30, 2017. Accretable yield, or income expected to be collected, is as follows for the three six June 30, 2018 2017: Three Months Ended Six Months Ended 6/30/2018 6/30/2017 6/30/2018 6/30/2017 Balance at beginning of period $ 459 $ 244 $ 470 $ 252 New loans purchased - - - - Accretion to income (15 ) (14 ) (29 ) (28 ) Disposals and other adjustments - (17 ) - (17 ) Reclassification (to) from nonaccretable difference (1 ) 10 2 16 Balance at end of period $ 443 $ 223 $ 443 $ 223 |
Note 4 - Qualified Affordable H
Note 4 - Qualified Affordable Housing Project Investment | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Affordable Housing Program [Text Block] | 4. On January 19, 2018, June 30, 2018, $3.8 $3.3 June 30, 2018 2029. The investment is accounted for using the proportional amortization method. During the three June 30, 2018, $82,000, three June 30, 2018, $98,000. six June 30, 2018, $164,000, $196,000. |
Note 5 - Supplemental Disclosur
Note 5 - Supplemental Disclosure for Earnings Per Share | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 5. Three Months Ended Six Months Ended 6/30/2018 6/30/2017 6/30/2018 6/30/2017 Basic (Dollars in thousands, except for share and per share data) Earnings: Net income attributable to First Capital, Inc. $ 2,100 $ 2,190 $ 4,233 $ 3,743 Shares: Weighted average common shares outstanding 3,326,797 3,323,552 3,326,632 3,323,552 Net income attributable to First Capital, Inc. per common share, basic $ 0.63 $ 0.66 $ 1.27 $ 1.13 Diluted Earnings: Net income attributable to First Capital, Inc. $ 2,100 $ 2,190 $ 4,233 $ 3,743 Shares: Weighted average common shares outstanding 3,326,797 3,323,552 3,326,632 3,323,552 Add: Dilutive effect of restricted stock 7,041 5,488 6,401 5,286 Weighted average common shares outstanding, as adjusted 3,333,838 3,329,040 3,333,033 3,328,838 Net income attributable to First Capital, Inc. per common share, diluted $ 0.63 $ 0.66 $ 1.27 $ 1.12 Nonvested restricted stock shares are not No three six June 30, 2018 2017. |
Note 6 - Stock Option Plan
Note 6 - Stock Option Plan | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 6. On May 20, 2009, 2009 may not 223,000 At June 30, 2018, 184,000 may may not ten may first not $100,000. may not may 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, 2018, no On February 20, 2018, 20,000 $37.42 $748,000. July 1, 2023, 20% July 1 July 1, 2019. February 17, 2015, 19,500 $24.50 $478,000 July 1, 2016 July 1, 2020. three six June 30, 2018 $57,000 $106,000, three six June 30, 2017 $22,000 $43,000, A summary of the Company’s nonvested restricted shares under the Plan as of June 30, 2018 six Number Weighted Nonvested at January 1, 2018 10,500 $ 24.50 Granted 20,000 $ 37.42 Vested 800 $ 32.58 Forfeited - - Nonvested at June 30, 2018 29,700 $ 32.98 There were 800 six June 30, 2018, six June 30, 2018 $29,000. June 30, 2018, $854,000 5.0 |
Note 7 - Supplemental Disclosur
Note 7 - Supplemental Disclosures of Cash Flow Information | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Cash Flow, Supplemental Disclosures [Text Block] | 7. Six Months Ended June 30, 2018 2017 ( In thousands ) Cash payments for: Interest $ 731 $ 724 Taxes (net of refunds received) 705 1,430 Noncash investing activities: Transfers from loans to real estate acquired through foreclosure 176 416 Proceeds from sales of foreclosed real estate financed through loans - 15 |
Note 8 - Fair Value Measurement
Note 8 - Fair Value Measurements | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 8. Fair Value Measurements FASB ASC Topic 820 , Fair Value Measurements, 1 3 three 820 Level 1: Level 2: not Level 3: 3 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, 2018 December 31, 2017. no June 30, 2018 December 31, 2017. Carrying Value (In thousands) Level 1 Level 2 Level 3 Total June 30, 2018 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 100,541 $ - $ 100,541 Agency CMO - 22,662 - 22,662 Agency notes and bonds - 68,996 - 68,996 Municipal obligations - 59,239 - 59,239 Total securities available for sale $ - $ 251,438 $ - $ 251,438 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ - $ - $ 2,223 $ 2,223 Land - - 333 333 Commercial real estate - - 259 259 Commercial business - - 243 243 Home equity and second mortgage - - 76 76 Other consumer - - 8 8 Total impaired loans $ - $ - $ 3,142 $ 3,142 Loans held for sale $ - $ 2,056 $ - $ 2,056 Foreclosed real estate: Residential real estate $ - $ - $ 282 $ 282 Commercial real estate - - 3,109 3,109 Total foreclosed real estate $ - $ - $ 3,391 $ 3,391 December 31, 2017 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 112,649 $ - $ 112,649 Agency CMO - 15,323 - 15,323 Agency notes and bonds - 69,028 - 69,028 Municipal obligations - 74,172 - 74,172 Total securities available for sale $ - $ 271,172 $ - $ 271,172 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ - $ - $ 2,872 $ 2,872 Commercial real estate - - 401 401 Commercial business - - 38 38 Home equity and second mortgage - - 60 60 Total impaired loans $ - $ - $ 3,371 $ 3,371 Loans held for sale $ - $ 2,630 $ - $ 2,630 Foreclosed real estate: Residential real estate $ - $ - $ 443 $ 443 Commercial real estate - - 3,528 3,528 Total foreclosed real estate $ - $ - $ 3,971 $ 3,971 Fair value is based upon quoted market prices, where available. If quoted market prices are not third may may may may not Securities Available for Sale . 1 third not 2 may Impaired Loans Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly. The fair value of impaired loans is classified as Level 3 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, 2018 December 31, 2017, may June 30, 2018, 14% 100%, 70%. December 31, 2017, 14% 62%, 39%. $137,000 $5,000 six June 30, 2018 2017, $72,000 $3,000 three June 30, 2018 June 30, 2017, Loans Held for Sale 2. Foreclosed Real Estate Foreclosed real estate is reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly. The fair value of foreclosed real estate is classified as Level 3 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, 2018, 10% 79%, 51%. December 31, 2017, 17% 75%, 45%. $419,000 three six June 30, 2018. $228,000 six June 30, 2017 no three June 30, 2017. There have been no six June 30, 2018 2017. no 3 six June 30, 2018 2017. no 1 2 six June 30, 2018 2017. GAAP requires disclosure of the fair value of financial assets and financial liabilities, whether or not not not not The estimated fair values of the Company's financial instruments are as follows: Carrying Fair Fair Value Measurements Using (In thousands) Value Value Level 1 Level 2 Level 3 June 30, 2018 Financial assets: Cash and cash equivalents $ 61,886 $ 61,886 $ 61,886 $ - $ - Interest-bearing time deposits 7,770 7,686 - 7,686 - Securities available for sale 251,438 251,438 - 251,438 - Loans held for sale 2,056 2,104 - 2,104 - Loans, net 419,360 411,787 - - 411,787 FHLB and other stock 1,988 N/A N/A N/A N/A Accrued interest receivable 2,676 2,676 - 2,676 - Financial liabilities: Deposits 701,836 699,878 - - 699,878 Accrued interest payable 113 113 - 113 - December 31, 2017: Financial assets: Cash and cash equivalents $ 25,915 $ 25,915 $ 25,915 $ - $ - Interest-bearing time deposits 9,258 9,220 - 9,220 - Securities available for sale 271,172 271,172 - 271,172 - Securities held to maturity 1 1 - 1 - Loans held for sale 2,630 2,678 - 2,678 - Loans, net 409,618 404,931 - - 404,931 FHLB and other stock 1,979 N/A N/A N/A N/A Accrued interest receivable 2,694 2,694 - 2,694 - Financial liabilities: Deposits 664,562 663,006 - - 663,006 FHLB advances 10,000 10,000 - 10,000 - Accrued interest payable 107 107 - 107 - 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 For cash and short-term investments, including cash and due from banks, interest-bearing deposits with banks with original maturities of 90 Investment Securities and Interest-Bearing Time Deposits For marketable equity securities, the fair values are based on quoted market prices. For debt securities and interest-bearing time deposits, the Company obtains fair value measurements from an independent pricing service and the fair value measurements consider observable data that may not Loans The fair value of loans, excluding loans held for sale, 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 terms. Impaired loans are valued at the lower of their carrying value or fair value, as previously described. 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. FHLB Advances The fair value of FHLB advances is estimated by discounting the future cash flows at current interest rates for FHLB advances of similar maturities. |
Note 9 - Revenue From Contracts
Note 9 - Revenue From Contracts With Customers | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | 9. Revenue from Contracts with Customers As of January 1, 2018, No. 2014 09, Revenue from Contracts with Customers (Topic 606 no 10 All of the Company’s revenue from contracts with customers in the scope of FASB ASC 606 three six June 30, 2018 2017: Three Months Ended Six Months Ended 2018 2017 2018 2017 (In thousands) Service charges on deposit accounts $ 1,188 $ 1,132 $ 2,297 $ 2,133 Investment advisory income 130 131 218 245 Revenue from contracts with customers 1,318 1,263 2,515 2,378 Gain on sale of loans and securities 194 415 435 672 Increase in cash value of life insurance 85 72 128 113 Other 139 106 184 146 Other noninterest income 418 593 747 931 Total noninterest income $ 1,736 $ 1,856 $ 3,262 $ 3,309 A description of the Company’s revenue streams accounted for under FASB ASC 606 Service Charges on Deposit Accounts Interchange Income Investment Advisory Income |
Note 10 - Recent Accounting Pro
Note 10 - Recent Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | 10. Recent Accounting Pronouncements The following are summaries of recently issued or adopted accounting pronouncements that impact the accounting and reporting practices of the Company: In May 2014, No. 2014 09, Revenue from Contracts with Customers (Topic 606 five December 15, 2016, No. 2015 14 August 2015, No. 2014 09 one December 15, 2017, January 1, 2018 not 9 In January 2016, No. 2016 01, Financial Instruments – Overall (Subtopic 825 10 1 2 December 15, 2017, January 1, 2018 not In February 2016, No. 2016 02, Leases (Topic 842 12 not December 15, 2018, not In June 2016, No. 2016 13, Financial Instruments – Credit Losses (Topic 326 December 15, 2019, December 15, 2018, one first 2016 13, In March 2017, No. 2017 08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310 20 not December 15, 2018. not |
Note 2 - Investment Securities
Note 2 - Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Marketable Securities [Table Text Block] | (In thousands) Amortized Gross Gross Fair June 30, 2018 Securities available for sale: Agency mortgage-backed securities $ 105,294 $ 1 $ 4,754 $ 100,541 Agency CMO 23,168 5 511 22,662 Other debt securities: Agency notes and bonds 70,477 - 1,481 68,996 Municipal obligations 59,693 489 943 59,239 Total securities available for sale $ 258,632 $ 495 $ 7,689 $ 251,438 December 31, 2017 Securities available for sale: Agency mortgage-backed securities $ 114,902 $ - $ 2,253 $ 112,649 Agency CMO 15,660 1 338 15,323 Other debt securities: Agency notes and bonds 70,013 - 985 69,028 Municipal obligations 73,303 1,274 405 74,172 Total securities available for sale $ 273,878 $ 1,275 $ 3,981 $ 271,172 Securities held to maturity: Agency mortgage-backed securities $ 1 $ - $ - $ 1 Total securities held to maturity $ 1 $ - $ - $ 1 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Securities Available for Sale Amortized Fair (In thousands) Due in one year or less $ 22,320 $ 22,167 Due after one year through five years 58,207 56,861 Due after five years through ten years 30,999 30,505 Due after ten years 18,644 18,702 130,170 128,235 Mortgage-backed securities and CMO 128,462 123,203 $ 258,632 $ 251,438 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Number of Fair Gross (Dollars in thousands) Continuous loss position less than twelve months: Agency mortgage-backed securities 32 $ 22,976 $ 791 Agency CMO 11 6,688 106 Agency notes and bonds 4 9,579 90 Muncipal obligations 31 15,296 287 Total less than twelve months 78 54,539 1,274 Continuous loss position more than twelve months: Agency mortgage-backed securities 67 77,551 3,963 Agency CMO 18 10,628 405 Agency notes and bonds 20 59,416 1,391 Muncipal obligations 31 15,746 656 Total more than twelve months 136 163,341 6,415 Total securities available for sale 214 $ 217,880 $ 7,689 Number of Fair Gross (Dollars in thousands) Continuous loss position less than twelve months: Agency mortgage-backed securities 37 $ 37,570 $ 400 Agency CMO 6 3,036 38 Agency notes and bonds 4 11,119 69 Muncipal obligations 20 10,955 83 Total less than twelve months 67 62,680 590 Continuous loss position more than twelve months: Agency mortgage-backed securities 60 74,960 1,853 Agency CMO 18 11,801 300 Agency notes and bonds 19 57,909 916 Muncipal obligations 29 14,667 322 Total more than twelve months 126 159,337 3,391 Total securities available for sale 193 $ 222,017 $ 3,981 |
Note 3 - Loans and Allowance 19
Note 3 - Loans and Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (In thousands) June 30, December 31, Real estate mortgage loans: Residential $ 135,602 $ 136,399 Land 21,334 18,198 Residential construction 30,495 28,854 Commercial real estate 104,767 100,133 Commercial real estate contruction 12,387 17,161 Commercial business loans 33,743 34,114 Consumer loans: Home equity and second mortgage loans 51,283 49,802 Automobile loans 40,435 38,361 Loans secured by savings accounts 1,404 1,751 Unsecured loans 3,708 3,744 Other consumer loans 8,018 8,714 Gross loans 443,176 437,231 Less undisbursed portion of loans in process (21,013 ) (25,020 ) Principal loan balance 422,163 412,211 Deferred loan origination fees, net 1,064 1,041 Allowance for loan losses (3,867 ) (3,634 ) Loans, net $ 419,360 $ 409,618 |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | Residential Commercial Commercial Home Equity & Other (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 160 $ - $ - $ - $ 2 $ - $ - $ 162 Collectively evaluated for impairment 528 148 216 1,306 415 607 485 3,705 Acquired with deteriorated credit quality - - - - - - - - Ending balance $ 688 $ 148 $ 216 $ 1,306 $ 417 $ 607 $ 485 $ 3,867 Residential Commercial Commercial Home Equity & Other (In thousands) Ending allowance balance attributable to loans: Individually evaluated for impairment $ 35 $ - $ - $ - $ 4 $ 13 $ - $ 52 Collectively evaluated for impairment 182 133 245 1,622 287 697 414 3,580 Acquired with deteriorated credit quality 2 - - - - - - 2 Ending balance $ 219 $ 133 $ 245 $ 1,622 $ 291 $ 710 $ 414 $ 3,634 Residential Commercial Commercial Home Equity & Other (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2018 Beginning balance $ 301 $ 156 $ 291 $ 1,520 $ 276 $ 680 $ 407 $ 3,631 Provisions for loan losses 398 (8 ) (75 ) (237 ) 141 (75 ) 172 316 Charge-offs (15 ) 0 0 0 0 (13 ) (138 ) (166 ) Recoveries 4 0 0 23 0 15 44 86 Ending balance $ 688 $ 148 $ 216 $ 1,306 $ 417 $ 607 $ 485 $ 3,867 Changes in Allowance for Loan Losses for the six-months ended June 30, 2018 Beginning balance $ 219 $ 133 $ 245 $ 1,622 $ 291 $ 710 $ 414 $ 3,634 Provisions for loan losses 538 15 (29 ) (348 ) 126 (109 ) 320 513 Charge-offs (75 ) 0 0 0 (1 ) (12 ) (334 ) (422 ) Recoveries 6 0 0 32 1 18 85 142 Ending balance $ 688 $ 148 $ 216 $ 1,306 $ 417 $ 607 $ 485 $ 3,867 Residential Commercial Commercial Home Equity & Other (In thousands) Allowance for loan losses: Changes in Allowance for Loan Losses for the three-months ended June 30, 2017 Beginning balance $ 271 $ 109 $ 223 $ 1,585 $ 244 $ 698 $ 288 $ 3,418 Provisions for loan losses (61 ) 15 83 (4 ) 46 (13 ) 190 256 Charge-offs (6 ) 0 0 (2 ) 0 (6 ) (186 ) (200 ) Recoveries 8 0 0 4 0 1 39 52 Ending balance $ 212 $ 124 $ 306 $ 1,583 $ 290 $ 680 $ 331 $ 3,526 Changes in Allowance for Loan Losses for the six-months ended June 30, 2017 Beginning balance $ 380 $ 56 $ 80 $ 1,670 $ 198 $ 683 $ 319 $ 3,386 Provisions for loan losses (146 ) 68 226 (132 ) 131 1 319 467 Charge-offs (46 ) 0 0 (3 ) (43 ) (6 ) (390 ) (488 ) Recoveries 24 0 0 48 4 2 83 161 Ending balance $ 212 $ 124 $ 306 $ 1,583 $ 290 $ 680 $ 331 $ 3,526 |
Impaired Financing Receivables [Table Text Block] | At June 30, 2018 Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Unpaid Average Interest Average Interest (In thousands) Loans with no related allowance recorded: Residential $ 2,128 $ 2,357 $ 0 $ 2,327 $ 5 $ 2,449 $ 13 Land 333 339 0 214 0 142 0 Construction 0 0 0 0 0 0 0 Commercial real estate 259 257 0 312 5 342 10 Commercial business 217 219 0 254 4 173 7 Home equity/2nd mortgage 76 85 0 77 0 71 1 Other consumer 8 0 0 8 1 5 1 3,021 3,257 0 3,192 15 3,182 32 Loans with an allowance recorded: Residential 255 274 160 267 0 248 0 Land 0 0 0 0 0 0 0 Construction 0 0 0 0 0 0 0 Commercial real estate 0 0 0 0 0 0 0 Commercial business 28 30 2 28 0 29 0 Home equity/2nd mortgage 0 0 0 7 0 9 0 Other consumer 0 0 0 0 0 0 0 283 304 162 302 0 286 0 Total: Residential 2,383 2,631 160 2,594 5 2,697 13 Land 333 339 0 214 0 142 0 Construction 0 0 0 0 0 0 0 Commercial real estate 259 257 0 312 5 342 10 Commercial business 245 249 2 282 4 202 7 Home equity/2nd mortgage 76 85 0 84 0 80 1 Other consumer 8 0 0 8 1 5 1 $ 3,304 $ 3,561 $ 162 $ 3,494 $ 15 $ 3,468 $ 32 Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Average Interest Average Interest Loans with no related allowance recorded: Residential $ 2,387 $ 6 $ 2,215 $ 14 Land 0 0 0 0 Construction 0 0 0 0 Commercial real estate 759 6 911 8 Commercial business 72 0 73 0 Home equity/2nd mortgage 228 0 229 1 Other consumer 11 0 7 0 3,457 12 3,435 23 Loans with an allowance recorded: Residential 87 0 128 0 Land 0 0 0 0 Construction 0 0 0 0 Commercial real estate 0 0 0 0 Commercial business 50 0 56 0 Home equity/2nd mortgage 23 0 19 0 Other consumer 25 0 23 0 185 0 226 0 Total: Residential 2,474 6 2,343 14 Land 0 0 0 0 Construction 0 0 0 0 Commercial real estate 759 6 911 8 Commercial business 122 0 129 0 Home equity/2nd mortgage 251 0 248 1 Other consumer 36 0 30 0 $ 3,642 $ 12 $ 3,661 $ 23 Unpaid (In thousands) Loans with no related allowance recorded: Residential $ 2,695 $ 2,948 $ - Land - - - Construction - - - Commercial real estate 401 535 - Commercial business 12 12 - Home equity/2nd mortgage 60 68 - Other consumer - - - 3,168 3,563 - Loans with an allowance recorded: Residential 212 218 35 Land - - - Construction - - - Commercial real estate - - - Commercial business 30 30 4 Home equity/2nd mortgage 13 13 13 Other consumer - - - 255 261 52 Total: Residential 2,907 3,166 35 Land - - - Construction - - - Commercial real estate 401 535 - Commercial business 42 42 4 Home equity/2nd mortgage 73 81 13 Other consumer - - - $ 3,423 $ 3,824 $ 52 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | June 30, 2018 December 31, 2017 Loans 90+ Days Total Loans 90+ Days Total (In thousands) Residential $ 1,845 $ - $ 1,845 $ 2,298 $ 109 $ 2,407 Land 333 - 333 - 95 95 Construction - - - - - - Commercial real estate - - - 139 - 139 Commercial business 76 67 143 42 59 101 Home equity/2nd mortgage 62 - 62 57 - 57 Other consumer - 30 30 - 28 28 Total $ 2,316 $ 97 $ 2,413 $ 2,536 $ 291 $ 2,827 |
Past Due Financing Receivables [Table Text Block] | 90 Days or More Purchased (In thousands) Residential $ 2,468 $ 554 $ 1,099 $ 4,121 $ 131,703 $ 352 $ 136,176 Land 103 - 95 198 21,245 - 21,443 Construction - - - - 21,917 - 21,917 Commercial real estate 728 - - 728 104,198 50 104,976 Commercial business 201 - 67 268 33,593 - 33,861 Home equity/2nd mortgage 125 1 - 126 52,368 - 52,494 Other consumer 297 54 30 381 53,401 - 53,782 Total $ 3,922 $ 609 $ 1,291 $ 5,822 $ 418,425 $ 402 $ 424,649 Purchased (In thousands) Residential $ 2,612 $ 338 $ 1,255 $ 4,205 $ 132,405 $ 350 $ 136,960 Land 186 - 95 281 18,028 - 18,309 Construction - - - - 21,034 - 21,034 Commercial real estate 379 - 139 518 99,774 48 100,340 Commercial business 46 49 102 197 34,006 - 34,203 Home equity/2nd mortgage 468 27 13 508 50,470 - 50,978 Other consumer 420 37 28 485 52,308 - 52,793 Total $ 4,111 $ 451 $ 1,632 $ 6,194 $ 408,025 $ 398 $ 414,617 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Residential Commercial Commercial Home Equity & Other (In thousands) June 30, 2018 Pass $ 133,138 $ 21,061 $ 21,644 $ 101,232 $ 32,647 $ 52,431 $ 53,638 $ 415,791 Special Mention 379 - 273 1,944 899 - 142 3,637 Substandard 798 49 - 1,800 239 1 2 2,889 Doubtful 1,861 333 - - 76 62 - 2,332 Loss - - - - - - - - Total $ 136,176 $ 21,443 $ 21,917 $ 104,976 $ 33,861 $ 52,494 $ 53,782 $ 424,649 December 31, 2017 Pass $ 133,618 $ 18,003 $ 20,173 $ 97,219 $ 33,245 $ 50,919 $ 52,629 $ 405,806 Special Mention 348 157 861 1,362 734 - 161 3,623 Substandard 684 149 - 1,620 182 2 3 2,640 Doubtful 2,310 - - 139 42 57 - 2,548 Loss - - - - - - - - Total $ 136,960 $ 18,309 $ 21,034 $ 100,340 $ 34,203 $ 50,978 $ 52,793 $ 414,617 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | June 30, 2018 December 31, 2017 Related Allowance Related Allowance (In thousands) Troubled debt restructurings: Residential real estate $ 468 $ 106 $ 574 $ - $ 487 $ 106 $ 593 $ - Commercial real estate 352 - 352 - 356 - 356 - Commercial business 169 - 169 - - - - - Home equity and 2nd mortgage 14 - 14 - 15 - 15 - Total $ 1,003 $ 106 $ 1,109 $ - $ 858 $ 106 $ 964 $ - |
Schedule of Troubled Debt Restructurings [Table Text Block] | Six months ended June 30, 2018 Pre-Modifcation Post-Modifcation (Dollars in thousands) Troubled debt restructurings: Commercial business 1 $ 179 $ 179 Total 1 $ 179 $ 179 |
Schedule of Purchased Credit Impaired Loans [Table Text Block] | (In thousands) June 30, December 31 , Residential real estate $ 352 $ 350 Commercial real estate 50 48 Carrying amount 402 398 Allowance for loan losses 0 2 Carrying amount, net of allowance $ 402 $ 396 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Table Text Block] | Three Months Ended Six Months Ended 6/30/2018 6/30/2017 6/30/2018 6/30/2017 Balance at beginning of period $ 459 $ 244 $ 470 $ 252 New loans purchased - - - - Accretion to income (15 ) (14 ) (29 ) (28 ) Disposals and other adjustments - (17 ) - (17 ) Reclassification (to) from nonaccretable difference (1 ) 10 2 16 Balance at end of period $ 443 $ 223 $ 443 $ 223 |
Financing Receivable [Member] | |
Notes Tables | |
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 $ 135,602 $ 21,334 $ 21,869 $ 104,767 $ 33,743 $ 51,283 $ 53,565 $ 422,163 Accrued interest receivable 482 94 56 250 117 206 217 1,422 Net deferred loan origination fees and costs 92 15 (8 ) (41 ) 1 1,005 - 1,064 Recorded investment in loans $ 136,176 $ 21,443 $ 21,917 $ 104,976 $ 33,861 $ 52,494 $ 53,782 $ 424,649 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 2,383 $ 333 $ - $ 259 $ 245 $ 76 $ 8 $ 3,304 Collectively evaluated for impairment 133,441 21,110 21,917 104,667 33,616 52,418 53,774 420,943 Acquired with deteriorated credit quality 352 - - 50 - - - 402 Ending balance $ 136,176 $ 21,443 $ 21,917 $ 104,976 $ 33,861 $ 52,494 $ 53,782 $ 424,649 Residential Land Construction Commercial Commercial Home Equity & Other Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 136,399 $ 18,198 $ 20,995 $ 100,133 $ 34,114 $ 49,802 $ 52,570 $ 412,211 Accrued interest receivable 474 94 49 249 87 189 223 1,365 Net deferred loan origination fees and costs 87 17 (10 ) (42 ) 2 987 - 1,041 Recorded investment in loans $ 136,960 $ 18,309 $ 21,034 $ 100,340 $ 34,203 $ 50,978 $ 52,793 $ 414,617 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 2,907 $ - $ - $ 401 $ 42 $ 73 $ - $ 3,423 Collectively evaluated for impairment 133,703 18,309 21,034 99,891 34,161 50,905 52,793 410,796 Acquired with deteriorated credit quality 350 - - 48 - - - 398 Ending balance $ 136,960 $ 18,309 $ 21,034 $ 100,340 $ 34,203 $ 50,978 $ 52,793 $ 414,617 |
Note 5 - Supplemental Disclos20
Note 5 - Supplemental Disclosure for Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended Six Months Ended 6/30/2018 6/30/2017 6/30/2018 6/30/2017 Basic (Dollars in thousands, except for share and per share data) Earnings: Net income attributable to First Capital, Inc. $ 2,100 $ 2,190 $ 4,233 $ 3,743 Shares: Weighted average common shares outstanding 3,326,797 3,323,552 3,326,632 3,323,552 Net income attributable to First Capital, Inc. per common share, basic $ 0.63 $ 0.66 $ 1.27 $ 1.13 Diluted Earnings: Net income attributable to First Capital, Inc. $ 2,100 $ 2,190 $ 4,233 $ 3,743 Shares: Weighted average common shares outstanding 3,326,797 3,323,552 3,326,632 3,323,552 Add: Dilutive effect of restricted stock 7,041 5,488 6,401 5,286 Weighted average common shares outstanding, as adjusted 3,333,838 3,329,040 3,333,033 3,328,838 Net income attributable to First Capital, Inc. per common share, diluted $ 0.63 $ 0.66 $ 1.27 $ 1.12 |
Note 6 - Stock Option Plan (Tab
Note 6 - Stock Option Plan (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Number Weighted Nonvested at January 1, 2018 10,500 $ 24.50 Granted 20,000 $ 37.42 Vested 800 $ 32.58 Forfeited - - Nonvested at June 30, 2018 29,700 $ 32.98 |
Note 7 - Supplemental Disclos22
Note 7 - Supplemental Disclosures of Cash Flow Information (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Six Months Ended June 30, 2018 2017 ( In thousands ) Cash payments for: Interest $ 731 $ 724 Taxes (net of refunds received) 705 1,430 Noncash investing activities: Transfers from loans to real estate acquired through foreclosure 176 416 Proceeds from sales of foreclosed real estate financed through loans - 15 |
Note 8 - Fair Value Measureme23
Note 8 - Fair Value Measurements (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
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, 2018 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 100,541 $ - $ 100,541 Agency CMO - 22,662 - 22,662 Agency notes and bonds - 68,996 - 68,996 Municipal obligations - 59,239 - 59,239 Total securities available for sale $ - $ 251,438 $ - $ 251,438 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ - $ - $ 2,223 $ 2,223 Land - - 333 333 Commercial real estate - - 259 259 Commercial business - - 243 243 Home equity and second mortgage - - 76 76 Other consumer - - 8 8 Total impaired loans $ - $ - $ 3,142 $ 3,142 Loans held for sale $ - $ 2,056 $ - $ 2,056 Foreclosed real estate: Residential real estate $ - $ - $ 282 $ 282 Commercial real estate - - 3,109 3,109 Total foreclosed real estate $ - $ - $ 3,391 $ 3,391 December 31, 2017 Assets Measured on a Recurring Basis Securities available for sale: Agency mortgage-backed securities $ - $ 112,649 $ - $ 112,649 Agency CMO - 15,323 - 15,323 Agency notes and bonds - 69,028 - 69,028 Municipal obligations - 74,172 - 74,172 Total securities available for sale $ - $ 271,172 $ - $ 271,172 Assets Measured on a Nonrecurring Basis Impaired loans: Residential real estate $ - $ - $ 2,872 $ 2,872 Commercial real estate - - 401 401 Commercial business - - 38 38 Home equity and second mortgage - - 60 60 Total impaired loans $ - $ - $ 3,371 $ 3,371 Loans held for sale $ - $ 2,630 $ - $ 2,630 Foreclosed real estate: Residential real estate $ - $ - $ 443 $ 443 Commercial real estate - - 3,528 3,528 Total foreclosed real estate $ - $ - $ 3,971 $ 3,971 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Carrying Fair Fair Value Measurements Using (In thousands) Value Value Level 1 Level 2 Level 3 June 30, 2018 Financial assets: Cash and cash equivalents $ 61,886 $ 61,886 $ 61,886 $ - $ - Interest-bearing time deposits 7,770 7,686 - 7,686 - Securities available for sale 251,438 251,438 - 251,438 - Loans held for sale 2,056 2,104 - 2,104 - Loans, net 419,360 411,787 - - 411,787 FHLB and other stock 1,988 N/A N/A N/A N/A Accrued interest receivable 2,676 2,676 - 2,676 - Financial liabilities: Deposits 701,836 699,878 - - 699,878 Accrued interest payable 113 113 - 113 - December 31, 2017: Financial assets: Cash and cash equivalents $ 25,915 $ 25,915 $ 25,915 $ - $ - Interest-bearing time deposits 9,258 9,220 - 9,220 - Securities available for sale 271,172 271,172 - 271,172 - Securities held to maturity 1 1 - 1 - Loans held for sale 2,630 2,678 - 2,678 - Loans, net 409,618 404,931 - - 404,931 FHLB and other stock 1,979 N/A N/A N/A N/A Accrued interest receivable 2,694 2,694 - 2,694 - Financial liabilities: Deposits 664,562 663,006 - - 663,006 FHLB advances 10,000 10,000 - 10,000 - Accrued interest payable 107 107 - 107 - |
Note 9 - Revenue From Contrac24
Note 9 - Revenue From Contracts With Customers (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended Six Months Ended 2018 2017 2018 2017 (In thousands) Service charges on deposit accounts $ 1,188 $ 1,132 $ 2,297 $ 2,133 Investment advisory income 130 131 218 245 Revenue from contracts with customers 1,318 1,263 2,515 2,378 Gain on sale of loans and securities 194 415 435 672 Increase in cash value of life insurance 85 72 128 113 Other 139 106 184 146 Other noninterest income 418 593 747 931 Total noninterest income $ 1,736 $ 1,856 $ 3,262 $ 3,309 |
Note 2 - Investment Securitie25
Note 2 - Investment Securities (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value, Total | $ 0 | ||||
Available-for-Sale, Securities in Unrealized Loss Positions, Depreciation from Amortized Cost Percentage | 3.40% | 3.40% | |||
Municipal Notes [Member] | |||||
Debt Securities, Available-for-sale, Realized Gain | $ 211,000 | $ 218,000 | |||
Debt Securities, Available-for-sale, Realized Loss | $ 307,000 | 307,000 | |||
U.S Government Agency Mortgage-backed CMO [Member] | |||||
Debt Securities, Available-for-sale, Realized Gain | $ 58,000 | $ 3,000 | |||
Debt Securities, Available-for-sale, Realized Loss | $ 6,000 |
Note 2 - Investment Securitie26
Note 2 - Investment Securities - Investment Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Securities available for sale, amortized cost | $ 258,632 | $ 273,878 |
Securities available for sale, gross unrealized gains | 495 | 1,275 |
Securities available for sale, gross unrealized losses | 7,689 | 3,981 |
Securities available for sale, fair value | 251,438 | 271,172 |
Securities held to maturity, amortized cost | 1 | |
Securities held to maturity, gross unrealized gains | ||
Securities held to maturity, gross unrealized losses | ||
Securities held to maturity, fair value | 1 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale, amortized cost | 105,294 | 114,902 |
Securities available for sale, gross unrealized gains | 1 | |
Securities available for sale, gross unrealized losses | 4,754 | 2,253 |
Securities available for sale, fair value | 100,541 | 112,649 |
Securities held to maturity, amortized cost | 1 | |
Securities held to maturity, gross unrealized gains | ||
Securities held to maturity, gross unrealized losses | ||
Securities held to maturity, fair value | 1 | |
Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale, amortized cost | 23,168 | 15,660 |
Securities available for sale, gross unrealized gains | 5 | 1 |
Securities available for sale, gross unrealized losses | 511 | 338 |
Securities available for sale, fair value | 22,662 | 15,323 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale, amortized cost | 70,477 | 70,013 |
Securities available for sale, gross unrealized gains | ||
Securities available for sale, gross unrealized losses | 1,481 | 985 |
Securities available for sale, fair value | 68,996 | 69,028 |
Municipal Notes [Member] | ||
Securities available for sale, amortized cost | 59,693 | 73,303 |
Securities available for sale, gross unrealized gains | 489 | 1,274 |
Securities available for sale, gross unrealized losses | 943 | 405 |
Securities available for sale, fair value | $ 59,239 | $ 74,172 |
Note 2 - Investment Securitie27
Note 2 - Investment Securities - Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Securities available for sale, amortized cost, due in one year or less | $ 22,320 | |
Securities available for sale, fair value, due in one year or less | 22,167 | |
Securities available for sale, amortized cost, due after one year through five years | 58,207 | |
Securities available for sale, fair value, due after one year through five years | 56,861 | |
Securities available for sale, amortized cost, due after five years through ten years | 30,999 | |
Securities available for sale, fair value, due after five years through ten years | 30,505 | |
Securities available for sale, amortized cost, due after ten years | 18,644 | |
Securities available for sale, fair value, due after ten years | 18,702 | |
Securities available for sale, amortized cost, single maturity | 130,170 | |
Securities available for sale, fair value, single maturity | 128,235 | |
Securities available for sale, amortized cost, mortgage-backed securities and CMO | 128,462 | |
Securities available for sale, fair value, mortgage-backed securities and CMO | 123,203 | |
Securities available for sale, amortized cost | 258,632 | $ 273,878 |
Securities available for sale, fair value | 251,438 | $ 271,172 |
Debt Securities [Member] | ||
Securities available for sale, amortized cost | 258,632 | |
Securities available for sale, fair value | $ 251,438 |
Note 2 - Investment Securitie28
Note 2 - Investment Securities - Investment Securities Available for Sale (Details) $ in Thousands | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Number of investment positions - less than twelve months | 78 | 67 |
Fair value - less than twelve months | $ 54,539 | $ 62,680 |
Gross unrealized losses - less than twelve months | $ 1,274 | $ 590 |
Number of investment positions - more than twelve months | 136 | 126 |
Fair value - more than twelve months | $ 163,341 | $ 159,337 |
Gross unrealized losses - more than twelve months | $ 6,415 | $ 3,391 |
Number of investment positions | 214 | 193 |
Fair value | $ 217,880 | $ 222,017 |
Gross unrealized losses | $ 7,689 | $ 3,981 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Number of investment positions - less than twelve months | 32 | 37 |
Fair value - less than twelve months | $ 22,976 | $ 37,570 |
Gross unrealized losses - less than twelve months | $ 791 | $ 400 |
Number of investment positions - more than twelve months | 67 | 60 |
Fair value - more than twelve months | $ 77,551 | $ 74,960 |
Gross unrealized losses - more than twelve months | $ 3,963 | $ 1,853 |
Agency Collateralized Mortgage Obligations [Member] | ||
Number of investment positions - less than twelve months | 11 | 6 |
Fair value - less than twelve months | $ 6,688 | $ 3,036 |
Gross unrealized losses - less than twelve months | $ 106 | $ 38 |
Number of investment positions - more than twelve months | 18 | 18 |
Fair value - more than twelve months | $ 10,628 | $ 11,801 |
Gross unrealized losses - more than twelve months | $ 405 | $ 300 |
US Government Agencies Debt Securities [Member] | ||
Number of investment positions - less than twelve months | 4 | 4 |
Fair value - less than twelve months | $ 9,579 | $ 11,119 |
Gross unrealized losses - less than twelve months | $ 90 | $ 69 |
Number of investment positions - more than twelve months | 20 | 19 |
Fair value - more than twelve months | $ 59,416 | $ 57,909 |
Gross unrealized losses - more than twelve months | $ 1,391 | $ 916 |
Municipal Notes [Member] | ||
Number of investment positions - less than twelve months | 31 | 20 |
Fair value - less than twelve months | $ 15,296 | $ 10,955 |
Gross unrealized losses - less than twelve months | $ 287 | $ 83 |
Number of investment positions - more than twelve months | 31 | 29 |
Fair value - more than twelve months | $ 15,746 | $ 14,667 |
Gross unrealized losses - more than twelve months | $ 656 | $ 322 |
Note 3 - Loans and Allowance 29
Note 3 - Loans and Allowance for Loan Losses (Details Textual) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Loans Charge-off Period | 90 days | ||||
Performance Period | 180 days | ||||
Financing Receivable, Allowance for Credit Losses, Write-downs | $ 166,000 | $ 200,000 | $ 422,000 | $ 488,000 | |
Collateral Dependent Loans, Value of Significant Properties | 200,000 | 200,000 | |||
Mortgage Loans in Process of Foreclosure, Amount | 906,000 | 906,000 | $ 588,000 | ||
Impaired Financing Receivable, Interest Income, Cash Basis Method, Total | 0 | $ 0 | 0 | $ 0 | |
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 0 | 0 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 1 | 0 | |
Troubled Debt Restructuring, Principal Charge-offs | $ 0 | $ 0 | $ 0 | $ 0 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | |
Financial Receivable, Trouble Debt Restructure, Defaulted, Provisions Loan Losses or Net Charge-offs | $ 0 | ||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Outstanding Balance, Total | $ 610,000 | 610,000 | 625,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | 0 | 0 | 2,000 | ||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses, Decreases | 0 | $ 0 | 2,000 | $ 0 | |
Nonperforming Financial Instruments [Member] | |||||
Loans and Leases Receivable, Allowance, Ending Balance | $ 0 | $ 0 | 0 | $ 0 | |
Classified Loans [Member] | |||||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Total | 489,000 | 506,000 | |||
Overall Qualitative Factor [Member] | |||||
Allowance for Loan and Lease Losses, Period Increase (Decrease), Total | $ 2,700,000 | $ 2,600,000 | |||
Bank Overdrafts [Member] | |||||
Loans Charge-off Period | 45 days | ||||
Other than Consumer Portfolio Segment [Member] | |||||
Number of Loans | 5 | 5 | |||
Financing Receivable, Allowance for Credit Losses, Write-downs | $ 97,000 |
Note 3 - Loans and Allowance 30
Note 3 - Loans and Allowance for Loan Losses - Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Loans | $ 443,176 | $ 437,231 | ||||
Less undisbursed portion of loans in process | (21,013) | (25,020) | ||||
Principal loan balance | 422,163 | 412,211 | ||||
Deferred loan origination fees, net | 1,064 | 1,041 | ||||
Allowance for loan losses | (3,867) | $ (3,631) | (3,634) | $ (3,526) | $ (3,418) | $ (3,386) |
Loans, net | 419,360 | 409,618 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||||
Loans | 135,602 | 136,399 | ||||
Allowance for loan losses | (688) | (301) | (219) | (212) | (271) | (380) |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||||||
Loans | 21,334 | 18,198 | ||||
Principal loan balance | 21,334 | 18,198 | ||||
Deferred loan origination fees, net | 15 | 17 | ||||
Allowance for loan losses | (148) | (156) | (133) | (124) | (109) | (56) |
Real Estate Mortgage Portfolio Segment [Member] | Residential Construction [Member] | ||||||
Loans | 30,495 | 28,854 | ||||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||||||
Loans | 104,767 | 100,133 | ||||
Principal loan balance | 104,767 | 100,133 | ||||
Deferred loan origination fees, net | (41) | (42) | ||||
Allowance for loan losses | (1,306) | (1,520) | (1,622) | (1,583) | (1,585) | (1,670) |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Construction [Member] | ||||||
Loans | 12,387 | 17,161 | ||||
Commercial Portfolio Segment [Member] | ||||||
Loans | 33,743 | 34,114 | ||||
Principal loan balance | 33,743 | 34,114 | ||||
Deferred loan origination fees, net | 1 | 2 | ||||
Allowance for loan losses | (417) | (276) | (291) | (290) | (244) | (198) |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||||||
Loans | 51,283 | 49,802 | ||||
Principal loan balance | 51,283 | 49,802 | ||||
Deferred loan origination fees, net | 1,005 | 987 | ||||
Allowance for loan losses | (607) | $ (680) | (710) | $ (680) | $ (698) | $ (683) |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||||
Loans | 40,435 | 38,361 | ||||
Consumer Portfolio Segment [Member] | Loans Secured by Deposits [Member] | ||||||
Loans | 1,404 | 1,751 | ||||
Consumer Portfolio Segment [Member] | Unsecured Loan [Member] | ||||||
Loans | 3,708 | 3,744 | ||||
Consumer Portfolio Segment [Member] | Other Consumer Loan [Member] | ||||||
Loans | $ 8,018 | $ 8,714 |
Note 3 - Loans and Allowance 31
Note 3 - Loans and Allowance for Loan Losses - Recorded Investments in Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Principal loan balance | $ 422,163 | $ 412,211 |
Accrued interest receivable | 1,422 | 1,365 |
Deferred loan origination fees, net | 1,064 | 1,041 |
Recorded investment in loans | 424,649 | 414,617 |
Individually evaluated for impairment | 3,304 | 3,423 |
Collectively evaluated for impairment | 420,943 | 410,796 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 402 | 398 |
Real Estate Mortgage Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Principal loan balance | 135,602 | 136,399 |
Accrued interest receivable | 482 | 474 |
Deferred loan origination fees, net | 92 | 87 |
Recorded investment in loans | 136,176 | 136,960 |
Individually evaluated for impairment | 2,383 | 2,907 |
Collectively evaluated for impairment | 133,441 | 133,703 |
Real Estate Mortgage Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 352 | 350 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Principal loan balance | 21,334 | 18,198 |
Accrued interest receivable | 94 | 94 |
Deferred loan origination fees, net | 15 | 17 |
Recorded investment in loans | 21,443 | 18,309 |
Individually evaluated for impairment | 333 | |
Collectively evaluated for impairment | 21,110 | 18,309 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | ||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Principal loan balance | 21,869 | 20,995 |
Accrued interest receivable | 56 | 49 |
Deferred loan origination fees, net | (8) | (10) |
Recorded investment in loans | 21,917 | 21,034 |
Individually evaluated for impairment | ||
Collectively evaluated for impairment | 21,917 | 21,034 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | ||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Principal loan balance | 104,767 | 100,133 |
Accrued interest receivable | 250 | 249 |
Deferred loan origination fees, net | (41) | (42) |
Recorded investment in loans | 104,976 | 100,340 |
Individually evaluated for impairment | 259 | 401 |
Collectively evaluated for impairment | 104,667 | 99,891 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | 50 | 48 |
Commercial Portfolio Segment [Member] | ||
Principal loan balance | 33,743 | 34,114 |
Accrued interest receivable | 117 | 87 |
Deferred loan origination fees, net | 1 | 2 |
Recorded investment in loans | 33,861 | 34,203 |
Individually evaluated for impairment | 245 | 42 |
Collectively evaluated for impairment | 33,616 | 34,161 |
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | ||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Principal loan balance | 51,283 | 49,802 |
Accrued interest receivable | 206 | 189 |
Deferred loan origination fees, net | 1,005 | 987 |
Recorded investment in loans | 52,494 | 50,978 |
Individually evaluated for impairment | 76 | 73 |
Collectively evaluated for impairment | 52,418 | 50,905 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans | ||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Principal loan balance | 53,565 | 52,570 |
Accrued interest receivable | 217 | 223 |
Deferred loan origination fees, net | ||
Recorded investment in loans | 53,782 | 52,793 |
Individually evaluated for impairment | 8 | |
Collectively evaluated for impairment | 53,774 | 52,793 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Recorded investment in loans |
Note 3 - Loans and Allowance 32
Note 3 - Loans and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Dec. 31, 2017 | |
Individually evaluated for impairment | $ 162 | $ 52 | ||||
Collectively evaluated for impairment | 3,705 | 3,580 | ||||
Allowance for loan losses | $ 3,867 | $ 3,418 | $ 3,867 | $ 3,526 | 3,867 | 3,634 |
Beginning balance | 3,631 | 3,418 | 3,634 | 3,386 | ||
Provision for loan losses | 316 | 256 | 513 | 467 | ||
Charge-offs | (166) | (200) | (422) | (488) | ||
Recoveries | 86 | 52 | 142 | 161 | ||
Ending balance | 3,867 | 3,526 | 3,867 | 3,526 | ||
Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Allowance for loan losses | 2 | |||||
Beginning balance | 2 | |||||
Ending balance | ||||||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||||||
Individually evaluated for impairment | 160 | 35 | ||||
Collectively evaluated for impairment | 528 | 182 | ||||
Allowance for loan losses | 688 | 271 | 688 | 212 | 688 | 219 |
Beginning balance | 301 | 271 | 219 | 380 | ||
Provision for loan losses | 398 | (61) | 538 | (146) | ||
Charge-offs | (15) | (6) | (75) | (46) | ||
Recoveries | 4 | 8 | 6 | 24 | ||
Ending balance | 688 | 212 | 688 | 212 | ||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Allowance for loan losses | 2 | |||||
Beginning balance | 2 | |||||
Ending balance | ||||||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||||||
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 148 | 133 | ||||
Allowance for loan losses | 148 | 109 | 148 | 124 | 148 | 133 |
Beginning balance | 156 | 109 | 133 | 56 | ||
Provision for loan losses | (8) | 15 | 15 | 68 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Ending balance | 148 | 124 | 148 | 124 | ||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Allowance for loan losses | ||||||
Beginning balance | ||||||
Ending balance | ||||||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||||||
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 216 | 245 | ||||
Allowance for loan losses | 216 | 223 | 216 | 306 | 216 | 245 |
Beginning balance | 291 | 223 | 245 | 80 | ||
Provision for loan losses | (75) | 83 | (29) | 226 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Ending balance | 216 | 306 | 216 | 306 | ||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Allowance for loan losses | ||||||
Beginning balance | ||||||
Ending balance | ||||||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||||||
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 1,306 | 1,622 | ||||
Allowance for loan losses | 1,306 | 1,585 | 1,306 | 1,583 | 1,306 | 1,622 |
Beginning balance | 1,520 | 1,585 | 1,622 | 1,670 | ||
Provision for loan losses | (237) | (4) | (348) | (132) | ||
Charge-offs | 0 | (2) | 0 | (3) | ||
Recoveries | 23 | 4 | 32 | 48 | ||
Ending balance | 1,306 | 1,583 | 1,306 | 1,583 | ||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Allowance for loan losses | ||||||
Beginning balance | ||||||
Ending balance | ||||||
Commercial Portfolio Segment [Member] | ||||||
Individually evaluated for impairment | 2 | 4 | ||||
Collectively evaluated for impairment | 415 | 287 | ||||
Allowance for loan losses | 417 | 244 | 417 | 290 | 417 | 291 |
Beginning balance | 276 | 244 | 291 | 198 | ||
Provision for loan losses | 141 | 46 | 126 | 131 | ||
Charge-offs | 0 | 0 | (1) | (43) | ||
Recoveries | 0 | 0 | 1 | 4 | ||
Ending balance | 417 | 290 | 417 | 290 | ||
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Allowance for loan losses | ||||||
Beginning balance | ||||||
Ending balance | ||||||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||||||
Individually evaluated for impairment | 13 | |||||
Collectively evaluated for impairment | 607 | 697 | ||||
Allowance for loan losses | 607 | 698 | 607 | 680 | 607 | 710 |
Beginning balance | 680 | 698 | 710 | 683 | ||
Provision for loan losses | (75) | (13) | (109) | 1 | ||
Charge-offs | (13) | (6) | (12) | (6) | ||
Recoveries | 15 | 1 | 18 | 2 | ||
Ending balance | 607 | 680 | 607 | 680 | ||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Allowance for loan losses | ||||||
Beginning balance | ||||||
Ending balance | ||||||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||||||
Individually evaluated for impairment | ||||||
Collectively evaluated for impairment | 485 | 414 | ||||
Allowance for loan losses | 485 | 288 | 485 | 331 | 485 | 414 |
Beginning balance | 407 | 288 | 414 | 319 | ||
Provision for loan losses | 172 | 190 | 320 | 319 | ||
Charge-offs | (138) | (186) | (334) | (390) | ||
Recoveries | 44 | 39 | 85 | 83 | ||
Ending balance | 485 | $ 331 | 485 | $ 331 | ||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||||||
Allowance for loan losses | ||||||
Beginning balance | ||||||
Ending balance |
Note 3 - Loans and Allowance 33
Note 3 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Recorded investment with no allowance | $ 3,021 | $ 3,021 | $ 3,168 | ||
Unpaid principal balance with no allowance | 3,257 | 3,257 | 3,563 | ||
Related allowance with no allowance | 0 | 0 | |||
Average recorded investment with no allowance | 3,192 | $ 3,457 | 3,182 | $ 3,435 | |
Interest income recognized with no allowance | 15 | 12 | 32 | 23 | |
Recorded investment with allowance | 283 | 283 | 255 | ||
Unpaid principal balance with allowance | 304 | 304 | 261 | ||
Related allowance | 162 | 162 | 52 | ||
Average recorded investment with allowance | 302 | 185 | 286 | 226 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 3,304 | 3,304 | 3,423 | ||
Unpaid principal balance | 3,561 | 3,561 | 3,824 | ||
Average recorded investment | 3,494 | 3,642 | 3,468 | 3,661 | |
Interest income recognized | 15 | 12 | 32 | 23 | |
Related allowance | 162 | 162 | 52 | ||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||||
Recorded investment with no allowance | 2,128 | 2,128 | 2,695 | ||
Unpaid principal balance with no allowance | 2,357 | 2,357 | 2,948 | ||
Related allowance with no allowance | 0 | 0 | |||
Average recorded investment with no allowance | 2,327 | 2,387 | 2,449 | 2,215 | |
Interest income recognized with no allowance | 5 | 6 | 13 | 14 | |
Recorded investment with allowance | 255 | 255 | 212 | ||
Unpaid principal balance with allowance | 274 | 274 | 218 | ||
Related allowance | 160 | 160 | 35 | ||
Average recorded investment with allowance | 267 | 87 | 248 | 128 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 2,383 | 2,383 | 2,907 | ||
Unpaid principal balance | 2,631 | 2,631 | 3,166 | ||
Average recorded investment | 2,594 | 2,474 | 2,697 | 2,343 | |
Interest income recognized | 5 | 6 | 13 | 14 | |
Related allowance | 160 | 160 | 35 | ||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | |||||
Recorded investment with no allowance | 333 | 333 | |||
Unpaid principal balance with no allowance | 339 | 339 | |||
Related allowance with no allowance | 0 | 0 | |||
Average recorded investment with no allowance | 214 | 0 | 142 | 0 | |
Interest income recognized with no allowance | 0 | 0 | 0 | 0 | |
Recorded investment with allowance | 0 | 0 | |||
Unpaid principal balance with allowance | 0 | 0 | |||
Related allowance | 0 | 0 | |||
Average recorded investment with allowance | 0 | 0 | 0 | 0 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 333 | 333 | |||
Unpaid principal balance | 339 | 339 | |||
Average recorded investment | 214 | 0 | 142 | 0 | |
Interest income recognized | 0 | 0 | 0 | 0 | |
Related allowance | 0 | 0 | |||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | |||||
Recorded investment with no allowance | 0 | 0 | |||
Unpaid principal balance with no allowance | 0 | 0 | |||
Related allowance with no allowance | 0 | 0 | |||
Average recorded investment with no allowance | 0 | 0 | 0 | 0 | |
Interest income recognized with no allowance | 0 | 0 | 0 | 0 | |
Recorded investment with allowance | 0 | 0 | |||
Unpaid principal balance with allowance | 0 | 0 | |||
Related allowance | 0 | 0 | |||
Average recorded investment with allowance | 0 | 0 | 0 | 0 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 0 | 0 | |||
Unpaid principal balance | 0 | 0 | |||
Average recorded investment | 0 | 0 | 0 | 0 | |
Interest income recognized | 0 | 0 | 0 | 0 | |
Related allowance | 0 | 0 | |||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||||
Recorded investment with no allowance | 259 | 259 | 401 | ||
Unpaid principal balance with no allowance | 257 | 257 | 535 | ||
Related allowance with no allowance | 0 | 0 | |||
Average recorded investment with no allowance | 312 | 759 | 342 | 911 | |
Interest income recognized with no allowance | 5 | 6 | 10 | 8 | |
Recorded investment with allowance | 0 | 0 | |||
Unpaid principal balance with allowance | 0 | 0 | |||
Related allowance | 0 | 0 | |||
Average recorded investment with allowance | 0 | 0 | 0 | 0 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 259 | 259 | 401 | ||
Unpaid principal balance | 257 | 257 | 535 | ||
Average recorded investment | 312 | 759 | 342 | 911 | |
Interest income recognized | 5 | 6 | 10 | 8 | |
Related allowance | 0 | 0 | |||
Commercial Portfolio Segment [Member] | |||||
Recorded investment with no allowance | 217 | 217 | 12 | ||
Unpaid principal balance with no allowance | 219 | 219 | 12 | ||
Related allowance with no allowance | 0 | 0 | |||
Average recorded investment with no allowance | 254 | 72 | 173 | 73 | |
Interest income recognized with no allowance | 4 | 0 | 7 | 0 | |
Recorded investment with allowance | 28 | 28 | 30 | ||
Unpaid principal balance with allowance | 30 | 30 | 30 | ||
Related allowance | 2 | 2 | 4 | ||
Average recorded investment with allowance | 28 | 50 | 29 | 56 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 245 | 245 | 42 | ||
Unpaid principal balance | 249 | 249 | 42 | ||
Average recorded investment | 282 | 122 | 202 | 129 | |
Interest income recognized | 4 | 0 | 7 | 0 | |
Related allowance | 2 | 2 | 4 | ||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||||
Recorded investment with no allowance | 76 | 76 | 60 | ||
Unpaid principal balance with no allowance | 85 | 85 | 68 | ||
Related allowance with no allowance | 0 | 0 | |||
Average recorded investment with no allowance | 77 | 228 | 71 | 229 | |
Interest income recognized with no allowance | 0 | 0 | 1 | 1 | |
Recorded investment with allowance | 0 | 0 | 13 | ||
Unpaid principal balance with allowance | 0 | 0 | 13 | ||
Related allowance | 0 | 0 | 13 | ||
Average recorded investment with allowance | 7 | 23 | 9 | 19 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 76 | 76 | 73 | ||
Unpaid principal balance | 85 | 85 | 81 | ||
Average recorded investment | 84 | 251 | 80 | 248 | |
Interest income recognized | 0 | 0 | 1 | 1 | |
Related allowance | 0 | 0 | 13 | ||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | |||||
Recorded investment with no allowance | 8 | 8 | |||
Unpaid principal balance with no allowance | 0 | 0 | |||
Related allowance with no allowance | 0 | 0 | |||
Average recorded investment with no allowance | 8 | 11 | 5 | 7 | |
Interest income recognized with no allowance | 1 | 0 | 1 | 0 | |
Recorded investment with allowance | 0 | 0 | |||
Unpaid principal balance with allowance | 0 | 0 | |||
Related allowance | 0 | 0 | |||
Average recorded investment with allowance | 0 | 25 | 0 | 23 | |
Interest income recognized with allowance | 0 | 0 | 0 | 0 | |
Recorded investment | 8 | 8 | |||
Unpaid principal balance | 0 | 0 | |||
Average recorded investment | 8 | 36 | 5 | 30 | |
Interest income recognized | 1 | $ 0 | 1 | $ 0 | |
Related allowance | $ 0 | $ 0 |
Note 3 - Loans and Allowance 34
Note 3 - Loans and Allowance for Loan Losses - Recorded Investment in Nonperforming Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Total Nonperforming Loans | $ 5,822 | $ 6,194 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Total Nonperforming Loans | 4,121 | 4,205 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Total Nonperforming Loans | 198 | 281 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Total Nonperforming Loans | ||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Total Nonperforming Loans | 728 | 518 |
Commercial Portfolio Segment [Member] | ||
Total Nonperforming Loans | 268 | 197 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Total Nonperforming Loans | 126 | 508 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Total Nonperforming Loans | 381 | 485 |
Nonperforming Financial Instruments [Member] | ||
Nonaccrual Loans | 2,316 | 2,536 |
Loans 90+ Days Past Due Still Accruing | 97 | 291 |
Total Nonperforming Loans | 2,413 | 2,827 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Nonaccrual Loans | 1,845 | 2,298 |
Loans 90+ Days Past Due Still Accruing | 109 | |
Total Nonperforming Loans | 1,845 | 2,407 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Nonaccrual Loans | 333 | |
Loans 90+ Days Past Due Still Accruing | 95 | |
Total Nonperforming Loans | 333 | 95 |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Nonaccrual Loans | ||
Loans 90+ Days Past Due Still Accruing | ||
Total Nonperforming Loans | ||
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Nonaccrual Loans | 139 | |
Loans 90+ Days Past Due Still Accruing | ||
Total Nonperforming Loans | 139 | |
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Nonaccrual Loans | 76 | 42 |
Loans 90+ Days Past Due Still Accruing | 67 | 59 |
Total Nonperforming Loans | 143 | 101 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Nonaccrual Loans | 62 | 57 |
Loans 90+ Days Past Due Still Accruing | ||
Total Nonperforming Loans | 62 | 57 |
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Nonaccrual Loans | ||
Loans 90+ Days Past Due Still Accruing | 30 | 28 |
Total Nonperforming Loans | $ 30 | $ 28 |
Note 3 - Loans and Allowance 35
Note 3 - Loans and Allowance for Loan Losses - Aging of Recorded Investment in Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Past Due | $ 5,822 | $ 6,194 |
Current | 418,425 | 408,025 |
Loans | 424,649 | 414,617 |
Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 402 | 398 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Past Due | 4,121 | 4,205 |
Current | 131,703 | 132,405 |
Loans | 136,176 | 136,960 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 352 | 350 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Past Due | 198 | 281 |
Current | 21,245 | 18,028 |
Loans | 21,443 | 18,309 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | ||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Past Due | ||
Current | 21,917 | 21,034 |
Loans | 21,917 | 21,034 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | ||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Past Due | 728 | 518 |
Current | 104,198 | 99,774 |
Loans | 104,976 | 100,340 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | 50 | 48 |
Commercial Portfolio Segment [Member] | ||
Past Due | 268 | 197 |
Current | 33,593 | 34,006 |
Loans | 33,861 | 34,203 |
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Past Due | 126 | 508 |
Current | 52,368 | 50,470 |
Loans | 52,494 | 50,978 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Past Due | 381 | 485 |
Current | 53,401 | 52,308 |
Loans | 53,782 | 52,793 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Financial Asset Acquired with Credit Deterioration [Member] | ||
Loans | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Past Due | 3,922 | 4,111 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Past Due | 2,468 | 2,612 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Past Due | 103 | 186 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Past Due | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Past Due | 728 | 379 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Past Due | 201 | 46 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Past Due | 125 | 468 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Past Due | 297 | 420 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Past Due | 609 | 451 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Past Due | 554 | 338 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Past Due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Past Due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Past Due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Past Due | 49 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Past Due | 1 | 27 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Past Due | 54 | 37 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Past Due | 1,291 | 1,632 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Past Due | 1,099 | 1,255 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Past Due | 95 | 95 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Past Due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Past Due | 139 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | ||
Past Due | 67 | 102 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Past Due | 13 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Past Due | $ 30 | $ 28 |
Note 3 - Loans and Allowance 36
Note 3 - Loans and Allowance for Loan Losses - Recorded Investment in Loans by Risk Category (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans | $ 424,649 | $ 414,617 |
Pass [Member] | ||
Loans | 415,791 | 405,806 |
Special Mention [Member] | ||
Loans | 3,637 | 3,623 |
Substandard [Member] | ||
Loans | 2,889 | 2,640 |
Doubtful [Member] | ||
Loans | 2,332 | 2,548 |
Unlikely to be Collected Financing Receivable [Member] | ||
Loans | ||
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | ||
Loans | 136,176 | 136,960 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Pass [Member] | ||
Loans | 133,138 | 133,618 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Special Mention [Member] | ||
Loans | 379 | 348 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Substandard [Member] | ||
Loans | 798 | 684 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Doubtful [Member] | ||
Loans | 1,861 | 2,310 |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | ||
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | ||
Loans | 21,443 | 18,309 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Pass [Member] | ||
Loans | 21,061 | 18,003 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Special Mention [Member] | ||
Loans | 157 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Substandard [Member] | ||
Loans | 49 | 149 |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Doubtful [Member] | ||
Loans | 333 | |
Real Estate Mortgage Portfolio Segment [Member] | Land Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | ||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 21,917 | 21,034 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member] | ||
Loans | 21,644 | 20,173 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member] | ||
Loans | 273 | 861 |
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member] | ||
Loans | ||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Doubtful [Member] | ||
Loans | ||
Real Estate Mortgage Portfolio Segment [Member] | Construction Loans [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | ||
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | ||
Loans | 104,976 | 100,340 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Pass [Member] | ||
Loans | 101,232 | 97,219 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Special Mention [Member] | ||
Loans | 1,944 | 1,362 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Substandard [Member] | ||
Loans | 1,800 | 1,620 |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Doubtful [Member] | ||
Loans | 139 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | ||
Commercial Portfolio Segment [Member] | ||
Loans | 33,861 | 34,203 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Loans | 32,647 | 33,245 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | 899 | 734 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 239 | 182 |
Commercial Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | 76 | 42 |
Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | ||
Loans | 52,494 | 50,978 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Pass [Member] | ||
Loans | 52,431 | 50,919 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Special Mention [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Substandard [Member] | ||
Loans | 1 | 2 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Doubtful [Member] | ||
Loans | 62 | 57 |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | ||
Loans | 53,782 | 52,793 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Pass [Member] | ||
Loans | 53,638 | 52,629 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Special Mention [Member] | ||
Loans | 142 | 161 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Substandard [Member] | ||
Loans | 2 | 3 |
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Doubtful [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | All Other Consumer Excluding Home Equity and Second Mortgage [Member] | Unlikely to be Collected Financing Receivable [Member] | ||
Loans |
Note 3 - Loans and Allowance 37
Note 3 - Loans and Allowance for Loan Losses - Troubled Debt Restructuring by Accrual Status (Details) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 |
Recorded investment in loans | $ 424,649,000 | $ 414,617,000 | |
Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||
Recorded investment in loans | 136,176,000 | 136,960,000 | |
Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
Recorded investment in loans | 104,976,000 | 100,340,000 | |
Commercial Portfolio Segment [Member] | |||
Recorded investment in loans | 33,861,000 | 34,203,000 | |
Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||
Recorded investment in loans | 52,494,000 | 50,978,000 | |
Nonperforming Financial Instruments [Member] | |||
TDR accruing | 1,003,000 | 858,000 | |
TDR nonaccrual | 106,000 | 106,000 | |
Recorded investment in loans | 1,109,000 | 964,000 | |
TDR related allowance for loan losses | 0 | $ 0 | |
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Residential Loan [Member] | |||
TDR accruing | 468,000 | 487,000 | |
TDR nonaccrual | 106,000 | 106,000 | |
Recorded investment in loans | 574,000 | 593,000 | |
TDR related allowance for loan losses | |||
Nonperforming Financial Instruments [Member] | Real Estate Mortgage Portfolio Segment [Member] | Commercial Real Estate Loan [Member] | |||
TDR accruing | 352,000 | 356,000 | |
TDR nonaccrual | |||
Recorded investment in loans | 352,000 | 356,000 | |
TDR related allowance for loan losses | |||
Nonperforming Financial Instruments [Member] | Commercial Portfolio Segment [Member] | |||
TDR accruing | 169,000 | ||
TDR nonaccrual | |||
Recorded investment in loans | 169,000 | ||
TDR related allowance for loan losses | |||
Nonperforming Financial Instruments [Member] | Consumer Portfolio Segment [Member] | Home Equity and Second Mortgage [Member] | |||
TDR accruing | 14,000 | 15,000 | |
TDR nonaccrual | |||
Recorded investment in loans | 14,000 | 15,000 | |
TDR related allowance for loan losses |
Note 3 - Loans and Allowance 38
Note 3 - Loans and Allowance for Loan Losses - Summary of Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018USD ($) | Jun. 30, 2017 | |
Number of contracts | 0 | 0 | 1 | 0 |
Pre-modification outstanding balance | $ 179 | |||
Post-modification outstanding balance | $ 179 | |||
Commercial Portfolio Segment [Member] | ||||
Number of contracts | 1 | |||
Pre-modification outstanding balance | $ 179 | |||
Post-modification outstanding balance | $ 179 |
Note 3 - Loans and Allowance 39
Note 3 - Loans and Allowance for Loan Losses - Summary of PCI Loans (Details) - USD ($) | Jun. 30, 2018 | Dec. 31, 2017 |
Carrying amount | $ 402,000 | $ 398,000 |
Allowance for loan losses | 0 | 2,000 |
Carrying amount, net of allowance | 402,000 | 396,000 |
Residential Mortgage Segment [Member] | Residential Loan [Member] | ||
Carrying amount | 352,000 | 350,000 |
Residential Mortgage Segment [Member] | Commercial Real Estate Loan [Member] | ||
Carrying amount | $ 50,000 | $ 48,000 |
Note 3 - Loans and Allowance 40
Note 3 - Loans and Allowance for Loan Losses - Accretable Yield, or Income Expected to be Collected (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Balance at beginning of period | $ 459 | $ 244 | $ 470 | $ 252 |
New loans purchased | ||||
Accretion to income | (15) | (14) | (29) | (28) |
Disposals and other adjustments | (17) | (17) | ||
Reclassification (to) from nonaccretable difference | (1) | 10 | 2 | 16 |
Balance at end of period | $ 443 | $ 223 | $ 443 | $ 223 |
Note 4 - Qualified Affordable41
Note 4 - Qualified Affordable Housing Project Investment (Details Textual) | 3 Months Ended | 6 Months Ended |
Jun. 30, 2018USD ($) | Jun. 30, 2018USD ($) | |
Affordable Housing Tax Credits and Other Tax Benefits, Amount | $ 98,000 | $ 196,000 |
Income Tax Expense (Benefit) [Member] | ||
Amortization Method Qualified Affordable Housing Project Investments, Amortization | 82,000 | 164,000 |
Other Assets [Member] | ||
Amortization Method Qualified Affordable Housing Project Investments | 3,800,000 | 3,800,000 |
Other Liabilities [Member] | ||
Qualified Affordable Housing Project Investments, Commitment | $ 3,300,000 | $ 3,300,000 |
Note 5 - Supplemental Disclos42
Note 5 - Supplemental Disclosure for Earnings Per Share (Details Textual) - shares shares in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Restricted Stock [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 0 | 0 | 0 |
Note 5 - Supplemental Disclos43
Note 5 - Supplemental Disclosure for Earnings Per Share - Supplemental Disclosure for Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Net income attributable to First Capital, Inc. | $ 2,100 | $ 2,190 | $ 4,233 | $ 3,743 |
Weighted average common shares outstanding (in shares) | 3,326,797 | 3,323,552 | 3,326,632 | 3,323,552 |
Basic (in dollars per share) | $ 0.63 | $ 0.66 | $ 1.27 | $ 1.13 |
Weighted average common shares outstanding (in shares) | 3,326,797 | 3,323,552 | 3,326,632 | 3,323,552 |
Add: Dilutive effect of restricted stock (in shares) | 7,041 | 5,488 | 6,401 | 5,286 |
Weighted average common shares outstanding, as adjusted (in shares) | 3,333,838 | 3,329,040 | 3,333,033 | 3,328,838 |
Diluted (in dollars per share) | $ 0.63 | $ 0.66 | $ 1.27 | $ 1.12 |
Note 6 - Stock Option Plan (Det
Note 6 - Stock Option Plan (Details Textual) - USD ($) | Feb. 20, 2018 | Feb. 17, 2015 | May 20, 2009 | Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 |
Restricted Stock [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 20,000 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 37.42 | ||||||
Allocated Share-based Compensation Expense, Total | $ 57,000 | $ 22,000 | $ 106,000 | $ 43,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 800 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 29,000 | ||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total | $ 854,000 | $ 854,000 | |||||
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] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 20,000 | 19,500 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 37.42 | $ 24.50 | |||||
Stock Issued During Period, Value, Restricted Stock Award, Gross | $ 748,000 | $ 478,000 | |||||
Restricted Stock [Member] | Officers, Directors and Key Employees [Member] | Vesting Each Year on July 1, Beginning in 2019 [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 20.00% | ||||||
Equity Incentive Plan 2009 [Member] | |||||||
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 | ||||||
Equity Incentive Plan 2009 [Member] | Common Stock [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 223,000 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 184,000 | 184,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years |
Note 6 - Stock Option Plan - Su
Note 6 - Stock Option Plan - Summary of Nonvested Restricted Shares (Details) - Restricted Stock [Member] | 6 Months Ended |
Jun. 30, 2018$ / sharesshares | |
Nonvested, Weighted Number of Shares (in shares) | shares | 10,500 |
Nonvested, Average Grant Date Fair Value (in dollars per share) | $ / shares | $ 24.50 |
Granted, Weighted Number of Shares (in shares) | shares | 20,000 |
Granted, Average Grant Date Fair Value (in dollars per share) | $ / shares | $ 37.42 |
Vested, Weighted Number of Shares (in shares) | shares | 800 |
Vested, Average Grant Date Fair Value (in dollars per share) | $ / shares | $ 32.58 |
Forfeited, Weighted Number of Shares (in shares) | shares | 0 |
Forfeited, Average Grant Date Fair Value (in dollars per share) | $ / shares | $ 0 |
Nonvested, Weighted Number of Shares (in shares) | shares | 29,700 |
Nonvested, Average Grant Date Fair Value (in dollars per share) | $ / shares | $ 32.98 |
Note 7 - Supplemental Disclos46
Note 7 - Supplemental Disclosures of Cash Flow Information - Supplemental Disclosures of Cash Flow Information (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Cash payments for: | ||
Interest | $ 731 | $ 724 |
Taxes (net of refunds received) | 705 | 1,430 |
Noncash investing activities: | ||
Transfers from loans to real estate acquired through foreclosure | 176 | 416 |
Proceeds from sales of foreclosed real estate financed through loans | $ 15 |
Note 8 - Fair Value Measureme47
Note 8 - Fair Value Measurements (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Financial and Nonfinancial Liabilities, Fair Value Disclosure | $ 0 | $ 0 | $ 0 | ||
Provision for Loan and Lease Losses, Total | 316,000 | $ 256,000 | 513,000 | $ 467,000 | |
Impaired Loan [Member] | |||||
Provision for Loan and Lease Losses, Total | 72,000 | 3,000 | 137,000 | 5,000 | |
Foreclosed Real Estate [Member] | |||||
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Write-down or Reserve, Amount | $ 419,000 | $ 0 | $ 419,000 | $ 228,000 | |
Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | Minimum [Member] | |||||
Fair Value Inputs, Estimated Selling Costs | 14.00% | 14.00% | |||
Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | Maximum [Member] | |||||
Fair Value Inputs, Estimated Selling Costs | 100.00% | 62.00% | |||
Fair Value, Inputs, Level 3 [Member] | Impaired Loan [Member] | Weighted Average [Member] | |||||
Fair Value Inputs, Estimated Selling Costs | 70.00% | 39.00% | |||
Fair Value, Inputs, Level 3 [Member] | Foreclosed Real Estate [Member] | Minimum [Member] | |||||
Fair Value Inputs, Estimated Selling Costs | 10.00% | 17.00% | |||
Fair Value, Inputs, Level 3 [Member] | Foreclosed Real Estate [Member] | Maximum [Member] | |||||
Fair Value Inputs, Estimated Selling Costs | 79.00% | 75.00% | |||
Fair Value, Inputs, Level 3 [Member] | Foreclosed Real Estate [Member] | Weighted Average [Member] | |||||
Fair Value Inputs, Estimated Selling Costs | 51.00% | 45.00% |
Note 8 - Fair Value Measureme48
Note 8 - Fair Value Measurements - Assets Measured at Fair Value on Recurring and Nonrecurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Securities available for sale | $ 251,438 | $ 271,172 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | 100,541 | 112,649 |
Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 22,662 | 15,323 |
US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 68,996 | 69,028 |
Municipal Notes [Member] | ||
Securities available for sale | 59,239 | 74,172 |
Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 251,438 | 271,172 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | 100,541 | 112,649 |
Fair Value, Measurements, Recurring [Member] | Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 22,662 | 15,323 |
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 68,996 | 69,028 |
Fair Value, Measurements, Recurring [Member] | Municipal Notes [Member] | ||
Securities available for sale | 59,239 | 74,172 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans | 3,142 | 3,371 |
Loans held for sale | 2,056 | 2,630 |
Foreclosed real estate | 3,391 | 3,971 |
Fair Value, Measurements, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Impaired loans | 2,223 | 2,872 |
Foreclosed real estate | 282 | 443 |
Fair Value, Measurements, Nonrecurring [Member] | Land Segment [Member] | ||
Impaired loans | 333 | |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Segment [Member] | ||
Impaired loans | 259 | 401 |
Foreclosed real estate | 3,109 | 3,528 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Business Segment [Member] | ||
Impaired loans | 243 | 38 |
Fair Value, Measurements, Nonrecurring [Member] | Home Equity and Second Mortgage [Member] | ||
Impaired loans | 76 | 60 |
Fair Value, Measurements, Nonrecurring [Member] | Other Consumer Segment [Member] | ||
Impaired loans | 8 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Municipal Notes [Member] | ||
Securities available for sale | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans | ||
Loans held for sale | ||
Foreclosed real estate | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Impaired loans | ||
Foreclosed real estate | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Segment [Member] | ||
Impaired loans | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Segment [Member] | ||
Impaired loans | ||
Foreclosed real estate | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Business Segment [Member] | ||
Impaired loans | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Home Equity and Second Mortgage [Member] | ||
Impaired loans | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Consumer Segment [Member] | ||
Impaired loans | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | 251,438 | 271,172 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | 100,541 | 112,649 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | 22,662 | 15,323 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale | 68,996 | 69,028 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Municipal Notes [Member] | ||
Securities available for sale | 59,239 | 74,172 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans | ||
Loans held for sale | 2,056 | 2,630 |
Foreclosed real estate | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Impaired loans | ||
Foreclosed real estate | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Segment [Member] | ||
Impaired loans | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Segment [Member] | ||
Impaired loans | ||
Foreclosed real estate | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Business Segment [Member] | ||
Impaired loans | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Home Equity and Second Mortgage [Member] | ||
Impaired loans | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Consumer Segment [Member] | ||
Impaired loans | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Securities available for sale | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available for sale | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Agency Collateralized Mortgage Obligations [Member] | ||
Securities available for sale | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member] | ||
Securities available for sale | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Municipal Notes [Member] | ||
Securities available for sale | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans | 3,142 | 3,371 |
Loans held for sale | ||
Foreclosed real estate | 3,391 | 3,971 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Mortgage Segment [Member] | ||
Impaired loans | 2,223 | 2,872 |
Foreclosed real estate | 282 | 443 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Land Segment [Member] | ||
Impaired loans | 333 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Real Estate Segment [Member] | ||
Impaired loans | 259 | 401 |
Foreclosed real estate | 3,109 | 3,528 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Business Segment [Member] | ||
Impaired loans | 243 | 38 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Home Equity and Second Mortgage [Member] | ||
Impaired loans | 76 | $ 60 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Consumer Segment [Member] | ||
Impaired loans | $ 8 |
Note 8 - Fair Value Measureme49
Note 8 - Fair Value Measurements - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Securities available for sale | $ 251,438 | $ 271,172 |
Securities held to maturity | 1 | |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 61,886 | 25,915 |
Interest-bearing time deposits | 7,770 | 9,258 |
Securities available for sale | 251,438 | 271,172 |
Loans held for sale | 2,056 | 2,630 |
Loans, net | 419,360 | 409,618 |
FHLB and other stock | 1,988 | 1,979 |
Accrued interest receivable | 2,676 | 2,694 |
Deposits | 701,836 | 664,562 |
Accrued interest payable | 113 | 107 |
Securities held to maturity | 1 | |
FHLB advances | 10,000 | |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 61,886 | 25,915 |
Interest-bearing time deposits | 7,686 | 9,220 |
Securities available for sale | 251,438 | 271,172 |
Loans held for sale | 2,104 | 2,678 |
Loans, net | 411,787 | 404,931 |
Accrued interest receivable | 2,676 | 2,694 |
Deposits | 699,878 | 663,006 |
Accrued interest payable | 113 | 107 |
Securities held to maturity | 1 | |
FHLB advances | 10,000 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 61,886 | 25,915 |
Interest-bearing time deposits | ||
Securities available for sale | ||
Loans held for sale | ||
Loans, net | ||
Accrued interest receivable | ||
Deposits | ||
Accrued interest payable | ||
Securities held to maturity | ||
FHLB advances | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and cash equivalents | ||
Interest-bearing time deposits | 7,686 | 9,220 |
Securities available for sale | 251,438 | 271,172 |
Loans held for sale | 2,104 | 2,678 |
Loans, net | ||
Accrued interest receivable | 2,676 | 2,694 |
Deposits | ||
Accrued interest payable | 113 | 107 |
Securities held to maturity | 1 | |
FHLB advances | 10,000 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and cash equivalents | ||
Interest-bearing time deposits | ||
Securities available for sale | ||
Loans held for sale | ||
Loans, net | 411,787 | 404,931 |
Accrued interest receivable | ||
Deposits | 699,878 | 663,006 |
Accrued interest payable | ||
Securities held to maturity | ||
FHLB advances |
Note 9 - Revenue From Contrac50
Note 9 - Revenue From Contracts With Customers - Noninterest Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Noninterest income, financial service | $ 1,318 | $ 1,263 | $ 2,515 | $ 2,378 |
Gain on sale of loans and securities | 194 | 415 | 435 | 672 |
Increase in cash value of life insurance | 85 | 72 | 128 | 113 |
Other | 139 | 106 | 184 | 146 |
Other noninterest income | 418 | 593 | 747 | 931 |
Total noninterest income | 1,736 | 1,856 | 3,262 | 3,309 |
Deposit Account [Member] | ||||
Noninterest income, financial service | 1,188 | 1,132 | 2,297 | 2,133 |
Investment Advisory, Management and Administrative Service [Member] | ||||
Noninterest income, financial service | $ 130 | $ 131 | $ 218 | $ 245 |