Citizens First (CZFC) 10-Q 11 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 11, 2016
Document and Entity Information
Entity Registrant Name	CITIZENS FIRST CORP
Entity Central Index Key	1,073,475
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,000,087
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and due from financial institutions	$ 6,259	$ 8,865
Federal funds sold	1,095	6,390
Cash and cash equivalents	7,354	15,255
Interest-bearing deposits in other financial institutions	2,728	2,728
Available-for-sale securities	58,541	60,200
Loans held for sale	118
Loans, net of allowance for loan losses of $4,949 and $4,916 at June 30, 2016 and December 31, 2015, respectively	342,064	325,866
Premises and equipment, net	9,543	9,998
Bank owned life insurance (BOLI)	8,262	8,174
Federal Home Loan Bank (FHLB) stock, at cost	2,025	2,025
Accrued interest receivable	1,536	1,680
Deferred income taxes	1,177	1,328
Goodwill	4,097	4,097
Core deposit intangible	230	265
Other real estate owned	66	100
Other assets	514	465
Total Assets	438,255	432,181
Deposits
Noninterest bearing	49,623	48,522
Savings, NOW and money market	163,951	168,335
Time	139,859	153,531
Total deposits	353,433	370,388
FHLB advances and other borrowings	36,000	15,000
Subordinated debentures	5,000	5,000
Accrued interest payable	223	213
Other liabilities	2,152	2,056
Total Liabilities	396,808	392,657
Stockholders' Equity
6.5% cumulative convertible preferred stock; no par value, authorized 250 shares, aggregate liquidation preference of $7,998; issued and outstanding 237 and 250 shares at June 30, 2016 and December 31, 2015, respectively	7,261	7,659
Common stock, no par value, authorized 5,000,000 shares; issued and outstanding 1,999,587 and 1,968,777 shares at June 30, 2016 and December 31, 2015, respectively	25,862	25,406
Retained earnings	7,876	6,304
Accumulated other comprehensive income	448	155
Total stockholders' equity	41,447	39,524
Total liabilities and stockholders' equity	$ 438,255	$ 432,181

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Consolidated Balance Sheets
Loans, allowance for loan losses (in dollars)	$ 4,949	$ 4,916
Preferred stock, dividend rate (as a percent)	6.50%	6.50%
Preferred stock no par value	$ 0	$ 0
Preferred stock, authorized shares	250	250
Preferred stock, aggregate liquidation preference (in dollars)	$ 7,998	$ 7,998
Preferred stock, issued shares	237	250
Preferred stock, outstanding shares	237	250
Common stock no par value	$ 0	$ 0
Common stock, authorized shares	5,000,000	5,000,000
Common stock, issued shares	1,999,587	1,968,777
Common stock, outstanding shares	1,999,587	1,968,777

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Interest and dividend income
Loans	$ 4,162	$ 4,108	$ 8,265	$ 8,058
Taxable securities	177	154	354	306
Non-taxable securities	159	173	318	349
Federal funds sold and other	38	34	75	62
Total interest and dividend income	4,536	4,469	9,012	8,775
Interest expense
Deposits	514	580	1,042	1,129
FHLB advances and other	81	74	138	145
Subordinated debentures	29	24	57	48
Total interest expense	624	678	1,237	1,322
Net interest income	3,912	3,791	7,775	7,453
Provision (credit) for loan losses	(85)	120	(85)	200
Net interest income after provision (credit) for loan losses	3,997	3,671	7,860	7,253
Non-interest income
Service charges on deposit accounts	339	358	664	675
Other service charges and fees	179	176	343	311
Gain on sale of mortgage loans	91	79	168	110
Non-deposit brokerage fees	75	87	147	179
Lease income	49	70	94	143
BOLI income	44	46	88	91
Gain on sale of available-for-sale securities	55	10	106	10
Total non-interest income	832	826	1,610	1,519
Non-interest expenses
Salaries and employee benefits	1,676	1,589	3,460	3,237
Net occupancy expense	492	493	975	1,021
Advertising and public relations	98	123	159	175
Professional fees	137	187	317	351
Data processing services	263	238	519	477
Franchise shares and deposit tax	132	145	264	291
FDIC insurance	59	63	118	122
Core deposit intangible amortization	18	17	35	35
Postage and office supplies	45	52	91	92
Other real estate owned expenses	23	29	24	36
Loss on branch disposal			27
Other	354	310	678	612
Total non-interest expenses	3,297	3,246	6,667	6,449
Income before income taxes	1,532	1,251	2,803	2,323
Income taxes	458	352	824	642
Net income	1,074	899	1,979	1,681
Dividends and accretion on preferred stock	123	130	247	258
Net income available for common stockholders	$ 951	$ 769	$ 1,732	$ 1,423
Basic earnings per common share (in dollars per share)	$ 0.48	$ 0.39	$ 0.87	$ 0.72
Diluted earnings per common share (in dollars per share)	$ 0.42	$ 0.35	$ 0.78	$ 0.64

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Comprehensive income, net of tax
Net income	$ 1,074	$ 899	$ 1,979	$ 1,681
Other comprehensive income (loss)
Reclassification adjustment for gains included in net income, net of taxes	(36)	(7)	(70)	(7)
Change in unrealized gain on available for sale securities, net of taxes	207	(371)	363	(122)
Total other comprehensive income (loss)	171	(378)	293	(129)
Comprehensive income	$ 1,245	$ 521	$ 2,272	$ 1,552

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Preferred Stock	Common Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2014	$ 7,659	$ 27,072	$ 3,373	$ 344	$ 38,448
Increase (Decrease) in Stockholders' Equity
Net income			1,681		1,681
Change in accumulated other comprehensive income				(129)	(129)
Dividend declared and paid on preferred stock			(258)		(258)
Repurchase of TARP Warrants		(1,706)			(1,706)
Balance at Jun. 30, 2015	7,659	25,366	4,797	215	38,037
Balance at Dec. 31, 2015	7,659	25,406	6,304	155	39,524
Increase (Decrease) in Stockholders' Equity
Net income			1,979		1,979
Conversion of cumulative preferred	(398)	398
Exercise of director stock options		16			16
Stock based compensation		42			42
Change in accumulated other comprehensive income				293	293
Dividend declared and paid on common stock ($.08 per share)			(160)		(160)
Dividend declared and paid on preferred stock			(247)		(247)
Balance at Jun. 30, 2016	$ 7,261	$ 25,862	$ 7,876	$ 448	$ 41,447

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Activities
Net income	$ 1,979	$ 1,681
Items not requiring (providing) cash:
Depreciation and amortization	274	276
Provision (credit) for loan losses	(85)	200
Amortization of premiums and discounts on securities	158	170
Amortization of core deposit intangible	35	35
Stock based compensation	42
BOLI income	(88)	(91)
Proceeds from sale of mortgage loans	7,408	5,225
Origination of mortgage loans held for sale	(7,359)	(5,195)
Gains on sales of available-for-sale securities	(106)	(10)
Gain on sales of mortgage loans	(168)	(110)
Write-downs and losses on other real estate owned		35
Loss/(gain) on sale of premises and equipment	4	(8)
Loss on branch disposal	27
Changes in:
Accrued interest receivable	144	28
Other assets	(48)	(86)
Accrued interest payable and other liabilities	106	187
Net cash provided by operating activities	2,323	2,337
Investing Activities
Loan originations and payments, net	(16,179)	4,149
Purchase of premises and equipment	(48)	(158)
Proceeds from maturities of available-for-sale securities	5,373	3,468
Proceeds from sales of available-for-sale securities	3,839	1,010
Proceeds from sales of other real owned	100	62
Proceeds from branch disposal	197
Purchase of available-for-sale securities	(7,160)	(4,199)
Net cash (used in) provided by in investing activities	(13,878)	4,332
Financing Activities
Net change in demand deposits, money market, NOW and savings accounts	(3,283)	12,003
Net change in time deposits	(13,672)	15,008
Repayment of FHLB advances	(5,000)	(11,000)
Proceeds from FHLB advances	27,000
Repurchase of TARP warrants		(1,706)
Proceeds (payments) from other borrowings	(1,000)	1,500
Exercise of stock options	16
Dividends paid on common stock	(160)
Dividends paid on preferred stock	(247)	(258)
Net cash provided by financing activities	3,654	15,547
Increase in Cash and Cash Equivalents	(7,901)	22,216
Cash and Cash Equivalents, Beginning of Year	15,255	11,322
Cash and Cash Equivalents, End of Quarter	7,354	33,538
Supplemental Cash Flows Information
Interest paid	1,227	1,311
Income taxes paid	650	525
Conversion of cumulative preferred stock	398
Loans transferred to other real estate owned	$ 66	$ 111

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Nature of Operations and Summary of Significant Accounting Policies
Nature of Operations and Summary of Significant Accounting Policies	Note 1 — Nature of Operations and Summary of Significant Accounting Policies The accounting and reporting policies of Citizens First Corporation (the “Company”) and its wholly owned subsidiary, Citizens First Bank, Inc. (the “Bank”), conform to U.S. generally accepted accounting principles and general practices within the banking industry. The consolidated financial statements include the accounts of the Company and the Bank. All significant intercompany transactions and accounts have been eliminated in consolidation. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2015 Annual Report on Form 10-K filed with the Securities and Exchange Commission. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates used in the preparation of the financial statements are based on various factors including the current interest rate environment and the general strength of the local economy. Changes in the overall interest rate environment can significantly affect the Company’s net interest income and the value of its recorded assets and liabilities. Actual results could differ from those estimates used in the preparation of the financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been reflected in the accompanying unaudited financial statements. Those adjustments consist only of normal recurring adjustments. Results of interim periods are not necessarily indicative of results to be expected for the full year. Recent Accounting Pronouncements — In May 2014 the FASB amended existing guidance related to revenue from contracts with customers. This amendment supersedes and replaces nearly all existing revenue recognition guidance, including industry-specific guidance, establishes a new control-based revenue recognition model, changes the basis for deciding when revenue is recognized over time or at a point in time, provides new and more detailed guidance on specific topics and expands and improves disclosures about revenue. In addition, this amendment specifies the accounting for some costs to obtain or fulfill a contract with a customer. These amendments are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. In March 2016, the FASB issued ASU 2016-08 that clarifies how to apply revenue recognition guidance related to whether an entity is a principal or an agent. The amendments in this update affect this guidance issued in 2014 that is not yet effective. The Company is currently evaluating the impact of this new accounting standard on the consolidated financial statements. In January 2016 the FASB issued ASU 2016-01 which amends existing guidance on the classification and measurement of financial instruments. This new standard revises and entity’s accounting related to the classification and measurement of investments in equity securities and the presentation of certain fair value changes for financial liabilities measured at fair value. The new standard is effective for reporting periods beginning after December 15, 2017. The Company is currently evaluating the impact of this new accounting standard on the consolidated financial statements. In February 2016 the FASB issued ASU 2016-02 which establishes the principles to report information about the assets and liabilities that arise from leases. This new standard changes the way operating leases are account for and reflected on the lessee’s balance sheet. The new standard is intended to increase transparency and comparability by requiring lessees to recognize the financial obligation and right-of-use asset associated with operating leases that have a lease term of more than 12 months on the balance sheet. The new standard is effective for reporting periods beginning after December 15, 2018. The Company is currently evaluating the impact of this new accounting standard on the consolidated financial statements. In March 2016 the FASB issued ASU 2016-09 which provides guidance on share-based payment accounting. The new standard includes multiple provision intended to simplify various aspects of the accounting for share-based payments. The new standard is effective for reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact of this new accounting standard on the consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which introduces the current expected credit loss (CECL) model and replaces the incurred loss model. The most significant impact for financial institutions will be to the allowance for loan and lease losses (ALLL). The standard allows for various expected credit loss estimation methods and is scalable. This standard is effective for reporting periods beginning after December 15, 2019. The Company is currently evaluating the impact of this new accounting standard on the consolidated financial statements.

Reclassifications

Reclassifications	6 Months Ended
	Jun. 30, 2016
Reclassifications
Reclassifications	Note 2 - Reclassifications Certain reclassifications have been made to the consolidated financial statements of prior periods to conform to the current period presentation. These reclassifications do not affect net income or total stockholders’ equity as previously reported.

Available-For-Sale Securities

Available-For-Sale Securities	6 Months Ended
	Jun. 30, 2016
Available-For-Sale Securities
Available-For-Sale Securities	Note 3 - Available-For-Sale Securities The following table summarizes the amortized cost and fair value of the available-for-sale securities portfolio at June 30, 2016 and December 31, 2015 and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive income: (Dollars in Thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2016 U. S. government agencies and government sponsored entities $ $ $ — $ Agency mortgage-backed securities: residential ) State and municipal ) Trust preferred security — ) Corporate bonds — ) Total Available-for-Sale Securities $ $ $ ) $ December 31, 2015 U. S. government agencies and government sponsored entities $ $ $ ) $ Agency mortgage-backed securities: residential ) State and municipal ) Trust preferred security — ) Corporate bonds — ) Total Available-for-Sale Securities $ $ $ ) $ The amortized cost and fair value of investment securities at June 30, 2016 by contractual maturity were as follows. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. June 30, 2016 (Dollars in Thousands) Available-For-Sale Amortized Cost Fair Value Due in one year or less $ $ Due from one to five years Due from five to ten years Due after ten years Agency mortgage-backed: residential Total $ $ The following table summarizes the investment securities with unrealized losses by portfolio segment at June 30, 2016 and December 31, 2015, aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position: (Dollars in Thousands) Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses June 30, 2016: U.S. government agencies and government sponsored entities $ — $ — $ — $ — $ — $ — Agency mortgage-backed: residential ) — — ) State and municipal ) — — ) Trust preferred security — — ) ) Corporate Bonds ) — — ) Total temporarily impaired $ $ ) $ $ ) $ $ ) (Dollars in Thousands) Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2015: U.S. government agencies and government sponsored entities $ — $ — $ $ ) $ $ ) Agency mortgage-backed: residential ) ) ) State and municipal ) ) ) Trust preferred security — — ) ) Corporate bonds ) — — ) Total temporarily impaired $ $ ) $ $ ) $ $ ) Other-Than-Temporary-Impairment Management evaluates securities for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. Investment securities classified as available-for-sale are generally evaluated for OTTI under ASC Topic 320, “Investments - Debt and Equity Securities.” In determining OTTI under the ASC Topic 320 model, management considers many factors, including: (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, (3) whether the market decline was affected by macroeconomic conditions, and (4) whether the entity has the intent to sell the debt security or more likely than not will be required to sell the debt security before its anticipated recovery. The assessment of whether an other-than-temporary decline exists involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time. All rated securities are investment grade. For those that are not rated, the financial condition has been evaluated and no adverse conditions were identified related to repayment. Declines in fair value are a function of rate differences in the market and market illiquidity. The Company does not intend or is not expected to be required to sell these securities before recovery of their amortized cost basis. All of the Company’s unrealized losses 12 months or more relate to its investment in a single trust preferred security. The security is a single-issuer trust preferred that is not rated. No impairment charge is being taken as no loss of principal or interest is anticipated. All principal and interest payments are being received as scheduled. On a quarterly basis, we evaluate the creditworthiness of the issuer, a bank holding company with operations in the state of Kentucky. Based on the issuer’s continued profitability and well-capitalized position, we do not deem that there is credit loss. The decline in fair value is primarily attributable to illiquidity affecting these markets and not the expected cash flows of the individual securities. We have evaluated the financial condition and near term prospects of the issuer and expect to fully recover our cost basis. This security continues to pay interest as agreed and future payments are expected to be made as agreed. This security is not considered to be other-than-temporarily impaired.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2016
Loans and Allowance for Loan Losses
Loans and Allowance for Loan Losses	Note 4 - Loans and Allowance for Loan Losses Categories of loans include: (Dollars in Thousands) June 30, 2016 December 31, 2015 Commercial $ $ Commercial real estate: Construction Other Residential real estate Consumer: Auto Other Total loans Less allowance for loan losses ) ) Net loans $ $ The following table sets forth an analysis of our allowance for loan losses for the three months ending June 30, 2016 and 2015. (Dollars in Thousands) Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total June 30, 2016 Allowance for loan losses: Beginning balance $ $ $ $ $ $ Provision (credit) for loan losses ) ) ) ) Loans charged-off ) ) ) — — ) Recoveries — Total ending allowance balance $ $ $ $ $ $ (Dollars in Thousands) Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total June 30, 2015 Allowance for loan losses: Beginning balance $ $ $ $ $ $ Provision for loan losses ) ) ) Loans charged-off ) — ) ) — ) Recoveries — Total ending allowance balance $ $ $ $ $ $ The following table sets forth an analysis of our allowance for loan losses for the six months ending June 30, 2016 and 2015. (Dollars in Thousands) Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total June 30, 2016 Allowance for loan losses: Beginning balance $ $ $ $ $ $ Provision (credit) for loan losses ) ) ) ) Loans charged-off ) ) ) — — ) Recoveries — Total ending allowance balance $ $ $ $ $ $ (Dollars in Thousands) Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total June 30, 2015 Allowance for loan losses: Beginning balance $ $ $ $ $ $ Provision for loan losses ) ) ) Loans charged-off ) ) ) ) — ) Recoveries — Total ending allowance balance $ $ $ $ $ $ The following tables present the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method as of June 30, 2016 and December 31, 2015, which includes net deferred loan fees. As of June 30, 2016 and December 31, 2015, accrued interest receivable of $1.2 million and $1.3 million, respectively, are not considered significant and therefore not included in the recorded investment in loans presented in the following tables. (Dollars in Thousands) Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total June 30, 2016 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ $ $ $ $ — $ Collectively evaluated Total ending allowance balance $ $ $ $ $ $ Loans: Individually evaluated for impairment $ $ $ $ $ — $ Collectively evaluated — Total ending loans balance $ $ $ $ $ — $ (Dollars in Thousands) Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total December 31, 2015 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ $ $ $ — $ — $ Collectively evaluated Total ending allowance balance $ $ $ $ $ $ Loans: Individually evaluated for impairment $ $ $ $ $ — $ Collectively evaluated — Total ending loans balance $ $ $ $ $ — $ The following table presents information related to impaired loans by class of loans as of June 30, 2016 and December 31, 2015. In this table presentation the unpaid principal balance of the loans has not been reduced by partial net charge-offs and the recorded investment of the loans was reduced by partial net charge-offs. (Dollars in Thousands) (Dollars in Thousands) June 30, 2016 December 31, 2015 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Commercial $ $ $ — $ $ $ — Commercial real estate: Other — — Residential real estate — — Consumer: Other — — — — — — Subtotal $ $ $ — $ $ $ — With an allowance recorded: Commercial $ $ $ $ $ $ Commercial real estate: Other Residential real estate Consumer: Other — Subtotal $ $ $ $ $ $ Total $ $ $ $ $ $ Information on impaired loans for the three months ending June 30, 2016 and 2015 is as follows: (Dollars in Thousands) (Dollars in Thousands) June 30, 2016 June 30, 2015 Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Commercial $ $ $ $ $ $ Commercial real estate: Construction — — — — — — Other Residential real estate Consumer: Auto — — — — — — Other — — — — Total $ $ $ $ $ $ Information on impaired loans for the six months ending June 30, 2016 and 2015 is as follows: (Dollars in Thousands) (Dollars in Thousands) June 30, 2016 June 30, 2015 Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Commercial $ $ $ $ $ $ Commercial real estate: Construction — — — — — — Other Residential real estate Consumer: Auto — — — — — — Other — — Total $ $ $ $ $ $ The recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans as of June 30, 2016 and December 31, 2015 are summarized below: (Dollars in Thousands) (Dollars in Thousands) June 30, 2016 December 31, 2015 Loans Past Due Over 90 Days and Still Accruing Nonaccrual Loans Past Due Over 90 Days and Still Accruing Nonaccrual Commercial $ $ — $ — $ — Commercial real estate: Construction — — — — Other — — — Residential real estate — — Consumer: Auto — — — — Other — — — — Total $ $ $ — $ Nonaccrual loans and loans past due 90 days still on accrual include individually classified impaired loans. The following tables present the aging of the recorded investment in past due loans as of June 30, 2016 and December 31, 2015 by class of loans. Non-accrual loans are included and have been categorized based on their payment status: (Dollars in Thousands) 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Current Total June 30, 2016 Commercial $ $ — $ $ $ $ Commercial real estate: Construction — — — — Other — — — — Residential real estate — Consumer: Auto — — — — Other — — — — Subtotal $ $ $ $ $ $ (Dollars in Thousands) 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Current Total December 31, 2015 Commercial $ — $ — $ — $ — $ $ Commercial real estate: Construction — — — — Other — Residential real estate — Consumer: Auto — — Other — — — — Subtotal $ $ — $ $ $ $ Troubled Debt Restructurings: The Company reported total troubled debt restructurings of $2.4 million and $2.5 million as of June 30, 2016 and December 31, 2015, respectively. The Company has no commitments to lend additional amounts to customers with outstanding loans that are classified as troubled debt restructurings. Troubled debt restructurings are included in impaired loans. The modifications of the terms of these loans included reducing the interest rate, granting an interest only payment period, or extending the terms of the debt for customers experiencing financial difficulties. Of the 12 troubled debt restructurings reported at quarter end, all loans were on accrual status. The following table presents loans by class modified as troubled debt restructurings that occurred during the quarter ending June 30, 2016 and 2015. (Dollars in Thousands) (Dollars in Thousands) Number of Loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment June 30, 2016 June 30, 2015 Troubled Debt Restructurings: Commercial real estate: Other — — — $ $ Consumer $ $ — — — Total $ $ $ $ The following table presents loans by class modified as troubled debt restructurings that occurred year to date June 30, 2016 and 2015. (Dollars in Thousands) (Dollars in Thousands) Number of Loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment June 30, 2016 June 30, 2015 Troubled Debt Restructurings: Commercial real estate: Other — — — $ $ Consumer — — — Total $ $ $ $ Specific allocations of $231,000 and $243,000 were reported for troubled debt restructurings as of June 30, 2016 and June 30, 2015. One troubled debt restructuring of $3,000 was charged-off in the three and six months ending June 30, 2016. No payment defaults or charge-offs were reported for troubled debt restructurings during the three and six months ending June 30, 2015. The terms of certain other loans were modified during the six months ending June 30, 2016 and 2015 that did not meet the definition of a troubled debt restructuring. These loans modified during the six months ending June 30, 2016 have a total recorded investment of $13.1 million as of June 30, 2016. These loans modified during the six months ending June 30, 2015 have a total recorded investment of $9.5 million as of June 30, 2015. The modification of these loans involved either a modification of the terms of a loan to borrowers who were not experiencing financial difficulties or a delay in a payment that was considered to be insignificant. In order to determine whether a borrower is experiencing financial difficulty, an evaluation is performed of the probability that the borrower will be in payment default on any of its debt in the foreseeable future without the modification. This evaluation is performed under the Company’s internal underwriting policy. Credit Quality Indicators: 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, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis includes commercial and commercial real estate loans with an outstanding balance greater than $25 thousand and is reviewed on a monthly basis. For residential real estate and consumer loans the analysis primarily involves monitoring the past due status of these loans and at such time that these loans are past due, the Company evaluates the loans to determine if a change in risk category is warranted. The Company uses the following definitions for risk ratings: Special Mention. Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be Pass rated loans. All loans in all loan categories are assigned risk ratings. Based on the most recent analyses performed, the risk category of loans by class of loans is as follows: Pass Special Mention Substandard Doubtful Total June 30, 2016 Commercial $ $ — $ $ — $ Commercial real estate: Construction — — — Other — Residential real estate — — Consumer: Auto — — — Other — — Total $ $ $ $ — $ Pass Special Mention Substandard Doubtful Total December 31, 2015 Commercial $ $ — $ $ — $ Commercial real estate: Construction — — — Other — Residential real estate — — Consumer: Auto — — — Other — — Total $ $ $ $ — $

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Measurements
Fair Value Measurements	Note 5 - Fair Value Measurements Fair value is the exchange price that would be received to sell an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair values: Level 1 — Quoted prices in active markets for identical assets or liabilities. Level 2 — Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, and other inputs that are observable or can be corroborated by observable market data. Level 3 — Significant unobservable inputs that are supported by little or no market activity, reflect a company’s own assumptions about market participant assumptions of fair value, and are significant to the fair value of the assets or liabilities. In determining the appropriate levels, the Company used the following methods and significant assumptions to estimate the fair value of each type of financial instrument: Investment Securities: The fair value of securities available-for-sale are determined by obtaining quoted prices on nationally recognized securities exchanges (level 1 inputs) or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (level 2 inputs). The Company does not have any Level 1 securities. Level 2 securities include certain U.S. agency bonds, collateralized mortgage and debt obligations, and certain municipal securities. The Company also has one Level 3 security. The value of this single issue trust preferred security is obtained on a quarterly basis directly from the originating broker. Impaired Loans: The fair value of impaired loans with specific allocations of the allowance for loan losses is generally based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Other Real Estate Owned: Commercial and residential real estate properties classified as other real estate owned (OREO) are measured at fair value, less costs to sell. Fair values are based on recent real estate appraisals. These appraisals may use a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant and typically result in a Level 3 classification of the inputs for determining fair value. Appraisals for collateral-dependent impaired loans and real estate properties classified as other real estate owned are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by Bank management. The appraisal values for collateral-dependent impaired loans are discounted to allow for selling expenses and fees, the limited use nature of various properties, the age of the most recent appraisal, and additional discretionary discounts for location, condition, etc. The Bank annually obtains an updated current appraisal value for each OREO property to certify that the fair value has not declined. For each parcel of OREO that has declined in value, the Bank records the decline in value by a direct writedown of the asset. Assets measured at fair value on a recurring basis: Fair Value Measurements at: (Dollars in Thousands) (Dollars in Thousands) June 30, 2016 December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Securities available-for-sale U.S. government agencies and government sponsored entities $ $ Agency mortgage-backed securites-residential State and municipal Trust preferred security Corporate bonds Total investment securities $ — $ $ $ — $ $ The table below presents a reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the six months ended June 30: Trust Preferred Security 2016 2015 Balance of recurring Level 3 assets at January 1 $ $ Total losses for the period: Included in other comprehensive income ) ) Balance of recurring Level 3 assets at June 30 $ $ Impaired loans which are measured for impairment using the fair value of collateral for collateral dependent loans, had a principal balance of $49,000 at June 30, 2016 with a valuation allowance of $25,000. Impaired loans which were measured for impairment using the fair value of collateral for collateral-dependent loans had a principal balance of $537,000 at December 31, 2015, with a valuation allowance of $198,000. Increases in the provision for loan losses of $25,000 and $233,000 were recognized for the six months ended June 30, 2016 and 2015, respectively, as a result of net changes in fair values on collateral dependent loans and other factors affecting the provision for loan losses. Other real estate owned, which is measured at fair value less costs to sell, had a net carrying value of $66,000 at June 30, 2016 and $100,000 at December 31, 2015. Total writedowns of other real estate owned were $0 and $23,000 in the six months ending June 30, 2016 and 2015, respectively. The following table presents quantitative and qualitative information about Level 3 fair value measurements for financial instruments measured on a non-recurring basis at June 30, 2016. June 30, 2016 Valuation Techniques Unobservable Inputs (Dollars in thousands) Range (Weighted Avg) Impaired loans: Residential RE $ Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition (50%) Other real estate owned: Residentiall RE Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition 48%-54% (51.63%) The following table presents quantitative and qualitative information about Level 3 fair value measurements for financial instruments measured on a non-recurring basis at December 31, 2015. December 31, 2015 Valuation Techniques Unobservable Inputs (Dollars in thousands) Range (Weighted Avg) Impaired loans: Commercial RE $ Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition (50.00%) Residential Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition 20%-60% (30.00%) Other real estate owned: Commercial RE Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition 8%-40% (33.65%) The carrying amount and estimated fair values of financial instruments at June 30, 2016 and December 31, 2015 were as follows: Fair Value Measurements at Carrying June 30, 2016 Amount Level 1 Level 2 Level 3 Total Financial Assets Cash and cash equivalents $ $ $ Interest-bearing deposits in other financial institutions Available-for-sale securities Loans, net of allowance Loans held for sale Accrued interest receivable Federal Home Loan Bank stock N/A Financial Liabilities Demand and savings deposits $ $ $ Time deposits FHLB advances Other borrowings Subordinate debentures Accrued interest payable Fair Value Measurements at December 31, 2015 Carrying Amount Level 1 Level 2 Level 3 Total Financial Assets Cash and cash equivalents $ $ $ $ $ Interest-bearing deposits in other financial institutions $ Available-for-sale securities $ Loans, net of allowance Accrued interest receivable Federal Home Loan Bank stock N/A Financial Liabilities Demand and savings deposits $ $ $ Time deposits FHLB advances Other borrowings Subordinate debentures Accrued interest payable The methods and assumptions used to estimate fair value are described as follows: (a) Cash and Cash Equivalents: The carrying amounts of cash and short-term instruments approximate fair values and are classified as Level 1. (b) Interest Bearing Deposits in Other Financial Institutions: Fair values are based on quoted market prices. (c) FHLB Stock: It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability. (d) Loans: Fair values of loans, excluding loans held for sale, are estimated as follows: For variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values resulting in a Level 3 classification. Fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality resulting in a Level 3 classification. Impaired loans are valued at the lower of cost or fair value as described previously. The methods utilized to estimate the fair value of loans do not necessarily represent an exit price. The fair value of loans held for sale is estimated based upon binding contracts and quotes from first party investors resulting in a Level 2 classification. (e) Deposits: The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amount) resulting in a Level 1 classification. The carrying amounts of variable rate certificates of deposit approximate their fair values at the reporting date resulting in a Level 2 classification. Fair values for fixed rate certificates of deposit are estimated using a discounted cash flows calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits resulting in a Level 2 classification. (f) FHLB Advances and Other Borrowings/Subordinated Debentures: The fair values of the Company’s long-term borrowings are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 2 classification. The fair values of the Company’s Subordinated Debentures are estimated using discounted cash flow analyses based on the current borrowing rates for similar types of borrowing arrangements resulting in a Level 3 classification. (g) Accrued Interest Receivable/Payable: The carrying amounts of accrued interest approximate fair value resulting in a Level 1 or Level 2 classification consistent with the asset/liability they are associated with.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share
Earnings Per Share	Note 6 - Earnings Per Share Basic earnings per share have been computed by dividing net income available for common shareholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share have been computed the same as basic earnings per share, and assumes the conversion of outstanding stock options, convertible preferred stock and warrants, if dilutive. The following table reconciles the basic and diluted earnings per share computations for the three months and six months ended June 30, 2016 and 2015. Quarter ended June 30, 2016 Quarter ended June 30, 2015 Weighted Per Weighted Per Average Share Average Share Income Shares Amount Income Shares Amount Basic earnings per share: Net income $ $ Less: Dividends on preferred stock during the quarter ) Net income available to common shareholders $ $ $ $ Effect of dilutive securities Convertible preferred stock Performance share units — — — Stock options — — — Warrants — — — Diluted earnings per share Net income available to common stockholders and assumed conversions $ $ $ $ Six months ended June 30, 2016 Six months ended June 30, 2015 Weighted Weighted Average Per Share Average Per Share Income Shares Amount Income Shares Amount Basic earnings per share: Net income $ $ Less: Dividends on preferred stock during the quarter ) ) Net income available to common shareholders $ $ $ $ Effect of dilutive securities Convertible preferred stock Performance share units — — — Stock options — — — Warrants — — — Diluted earnings per share Net income available to common stockholders and assumed conversions $ $ $ $ Stock options for 29,276 shares of common stock were not considered in computing diluted earnings per common share for June 30, 2015 because they are anti-dilutive. There were no anti-dilutive stock options at June 30, 2016.

Regulatory Capital Matters

Regulatory Capital Matters	6 Months Ended
	Jun. 30, 2016
Regulatory Capital Matters
Regulatory Capital Matters	Note 7 — Regulatory Capital Matters Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. Management believes as of June 30, 2016 and December 31, 2015, the Company and Citizens First Bank, Inc. met all capital adequacy requirements to which they are subject. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. The most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution’s category. Under quantitative measures established by regulation to ensure capital adequacy, we are required to maintain minimum amounts and ratios of total Tier 1 capital to risk-weighted assets and to total assets. For 2016, interim Final Basel III rules require the Bank to maintain minimum amounts and ratios of common equity Tier I capital to risk-weighted assets. Under Basel III rules, the decision was made to opt-out of including accumulated other comprehensive income in computing regulatory capital. The rules also established a “capital conservation buffer” of 2.5%, to be phased in through January 1, 2019, above the new regulatory minimum risk-based capital ratios. The buffer could limit the payment of dividends and discretionary bonuses to officers if a bank fails to maintain required capital levels. The Company’s and Citizens First Bank, Inc.’s actual capital amounts and ratios are also presented in the following table. June 30, 2016 (Dollars in Thousands) Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk-Weighted Assets) Consolidated $ % $ % N/A N/A Citizens First Bank, Inc. % % $ % Tier I Capital (to Risk-Weighted Assets) Consolidated % % N/A N/A Citizens First Bank, Inc. % % % Common Equity Tier I Capital (to Risk-Weighted Assets) Consolidated % % N/A N/A Citizens First Bank, Inc. % % % Tier I Leverage Capital to average assets Consolidated % % N/A N/A Citizens First Bank, Inc. % % % December 31, 2015 (Dollars in Thousands) Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk-Weighted Assets) Consolidated $ % $ % N/A N/A Citizens First Bank, Inc. % % $ % Tier I Capital (to Risk-Weighted Assets) Consolidated % % N/A N/A Citizens First Bank, Inc. % % % Common Equity Tier I Capital (to Risk-Weighted Assets) Consolidated % % N/A N/A Citizens First Bank, Inc. % % % Tier I Leverage Capital to average assets Consolidated % % N/A N/A Citizens First Bank, Inc. % % %

Preferred Stock

Preferred Stock	6 Months Ended
	Jun. 30, 2016
Preferred Stock
Preferred Stock	Note 8 — Preferred Stock In 2004, the Company issued 250 shares of Cumulative Convertible Preferred Stock, stated value $31,992 per share (Cumulative Preferred Stock), for an aggregate purchase price of $7,998,000. The Cumulative Preferred Stock was sold for $31,992 per share, is entitled to quarterly cumulative dividends at an annual fixed rate of 6.5% and is convertible into shares of common stock of the Company at an initial conversion price per share of $15.50 (currently $14.06, adjusted for stock dividends) on and after three years after the date of issuance. As of June 30, 2016, 13 preferred shares have converted to 29,575 common shares.

Nature of Operations and Summ16

Nature of Operations and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
Nature of Operations and Summary of Significant Accounting Policies
Nature of Operations and Summary of Significant Accounting Policies	Nature of Operations and Summary of Significant Accounting Policies The accounting and reporting policies of Citizens First Corporation (the “Company”) and its wholly owned subsidiary, Citizens First Bank, Inc. (the “Bank”), conform to U.S. generally accepted accounting principles and general practices within the banking industry. The consolidated financial statements include the accounts of the Company and the Bank. All significant intercompany transactions and accounts have been eliminated in consolidation. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted. These unaudited consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s 2015 Annual Report on Form 10-K filed with the Securities and Exchange Commission. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates used in the preparation of the financial statements are based on various factors including the current interest rate environment and the general strength of the local economy. Changes in the overall interest rate environment can significantly affect the Company’s net interest income and the value of its recorded assets and liabilities. Actual results could differ from those estimates used in the preparation of the financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been reflected in the accompanying unaudited financial statements. Those adjustments consist only of normal recurring adjustments. Results of interim periods are not necessarily indicative of results to be expected for the full year.
Recent Accounting Pronouncements	Recent Accounting Pronouncements — In May 2014 the FASB amended existing guidance related to revenue from contracts with customers. This amendment supersedes and replaces nearly all existing revenue recognition guidance, including industry-specific guidance, establishes a new control-based revenue recognition model, changes the basis for deciding when revenue is recognized over time or at a point in time, provides new and more detailed guidance on specific topics and expands and improves disclosures about revenue. In addition, this amendment specifies the accounting for some costs to obtain or fulfill a contract with a customer. These amendments are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. In March 2016, the FASB issued ASU 2016-08 that clarifies how to apply revenue recognition guidance related to whether an entity is a principal or an agent. The amendments in this update affect this guidance issued in 2014 that is not yet effective. The Company is currently evaluating the impact of this new accounting standard on the consolidated financial statements. In January 2016 the FASB issued ASU 2016-01 which amends existing guidance on the classification and measurement of financial instruments. This new standard revises and entity’s accounting related to the classification and measurement of investments in equity securities and the presentation of certain fair value changes for financial liabilities measured at fair value. The new standard is effective for reporting periods beginning after December 15, 2017. The Company is currently evaluating the impact of this new accounting standard on the consolidated financial statements. In February 2016 the FASB issued ASU 2016-02 which establishes the principles to report information about the assets and liabilities that arise from leases. This new standard changes the way operating leases are account for and reflected on the lessee’s balance sheet. The new standard is intended to increase transparency and comparability by requiring lessees to recognize the financial obligation and right-of-use asset associated with operating leases that have a lease term of more than 12 months on the balance sheet. The new standard is effective for reporting periods beginning after December 15, 2018. The Company is currently evaluating the impact of this new accounting standard on the consolidated financial statements. In March 2016 the FASB issued ASU 2016-09 which provides guidance on share-based payment accounting. The new standard includes multiple provision intended to simplify various aspects of the accounting for share-based payments. The new standard is effective for reporting periods beginning after December 15, 2016. The Company is currently evaluating the impact of this new accounting standard on the consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments — Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which introduces the current expected credit loss (CECL) model and replaces the incurred loss model. The most significant impact for financial institutions will be to the allowance for loan and lease losses (ALLL). The standard allows for various expected credit loss estimation methods and is scalable. This standard is effective for reporting periods beginning after December 15, 2019. The Company is currently evaluating the impact of this new accounting standard on the consolidated financial statements.

Available-For-Sale Securities (

Available-For-Sale Securities (Tables)	6 Months Ended
	Jun. 30, 2016
Available-For-Sale Securities
Summary of the amortized cost and fair value of the available for sale investment securities portfolio	(Dollars in Thousands) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2016 U. S. government agencies and government sponsored entities $ $ $ — $ Agency mortgage-backed securities: residential ) State and municipal ) Trust preferred security — ) Corporate bonds — ) Total Available-for-Sale Securities $ $ $ ) $ December 31, 2015 U. S. government agencies and government sponsored entities $ $ $ ) $ Agency mortgage-backed securities: residential ) State and municipal ) Trust preferred security — ) Corporate bonds — ) Total Available-for-Sale Securities $ $ $ ) $
Summary of the amortized cost and fair value of investment securities by contractual maturity	June 30, 2016 (Dollars in Thousands) Available-For-Sale Amortized Cost Fair Value Due in one year or less $ $ Due from one to five years Due from five to ten years Due after ten years Agency mortgage-backed: residential Total $ $
Summary of the investment securities with unrealized losses aggregated by investment category and length of time that individual securities have been in continuous unrealized loss position	(Dollars in Thousands) Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses June 30, 2016: U.S. government agencies and government sponsored entities $ — $ — $ — $ — $ — $ — Agency mortgage-backed: residential ) — — ) State and municipal ) — — ) Trust preferred security — — ) ) Corporate Bonds ) — — ) Total temporarily impaired $ $ ) $ $ ) $ $ ) (Dollars in Thousands) Less than 12 Months 12 Months or More Total Description of Securities Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2015: U.S. government agencies and government sponsored entities $ — $ — $ $ ) $ $ ) Agency mortgage-backed: residential ) ) ) State and municipal ) ) ) Trust preferred security — — ) ) Corporate bonds ) — — ) Total temporarily impaired $ $ ) $ $ ) $ $ )

Loans and Allowance for Loan 18

Loans and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2016
Loans and Allowance for Loan Losses
Schedule of categories of loans	(Dollars in Thousands) June 30, 2016 December 31, 2015 Commercial $ $ Commercial real estate: Construction Other Residential real estate Consumer: Auto Other Total loans Less allowance for loan losses ) ) Net loans $ $
Schedule of activity in the allowance for loan losses	The following table sets forth an analysis of our allowance for loan losses for the three months ending June 30, 2016 and 2015. (Dollars in Thousands) Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total June 30, 2016 Allowance for loan losses: Beginning balance $ $ $ $ $ $ Provision (credit) for loan losses ) ) ) ) Loans charged-off ) ) ) — — ) Recoveries — Total ending allowance balance $ $ $ $ $ $ (Dollars in Thousands) Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total June 30, 2015 Allowance for loan losses: Beginning balance $ $ $ $ $ $ Provision for loan losses ) ) ) Loans charged-off ) — ) ) — ) Recoveries — Total ending allowance balance $ $ $ $ $ $ The following table sets forth an analysis of our allowance for loan losses for the six months ending June 30, 2016 and 2015. (Dollars in Thousands) Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total June 30, 2016 Allowance for loan losses: Beginning balance $ $ $ $ $ $ Provision (credit) for loan losses ) ) ) ) Loans charged-off ) ) ) — — ) Recoveries — Total ending allowance balance $ $ $ $ $ $ (Dollars in Thousands) Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total June 30, 2015 Allowance for loan losses: Beginning balance $ $ $ $ $ $ Provision for loan losses ) ) ) Loans charged-off ) ) ) ) — ) Recoveries — Total ending allowance balance $ $ $ $ $ $
Schedule of balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on the impairment method	(Dollars in Thousands) Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total June 30, 2016 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ $ $ $ $ — $ Collectively evaluated Total ending allowance balance $ $ $ $ $ $ Loans: Individually evaluated for impairment $ $ $ $ $ — $ Collectively evaluated — Total ending loans balance $ $ $ $ $ — $ (Dollars in Thousands) Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total December 31, 2015 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ $ $ $ — $ — $ Collectively evaluated Total ending allowance balance $ $ $ $ $ $ Loans: Individually evaluated for impairment $ $ $ $ $ — $ Collectively evaluated — Total ending loans balance $ $ $ $ $ — $
Schedule of impaired loans by class of loans	The following table presents information related to impaired loans by class of loans as of June 30, 2016 and December 31, 2015. (Dollars in Thousands) (Dollars in Thousands) June 30, 2016 December 31, 2015 Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated Unpaid Principal Balance Recorded Investment Allowance for Loan Losses Allocated With no related allowance recorded: Commercial $ $ $ — $ $ $ — Commercial real estate: Other — — Residential real estate — — Consumer: Other — — — — — — Subtotal $ $ $ — $ $ $ — With an allowance recorded: Commercial $ $ $ $ $ $ Commercial real estate: Other Residential real estate Consumer: Other — Subtotal $ $ $ $ $ $ Total $ $ $ $ $ $ Information on impaired loans for the three months ending June 30, 2016 and 2015 is as follows: (Dollars in Thousands) (Dollars in Thousands) June 30, 2016 June 30, 2015 Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Commercial $ $ $ $ $ $ Commercial real estate: Construction — — — — — — Other Residential real estate Consumer: Auto — — — — — — Other — — — — Total $ $ $ $ $ $ Information on impaired loans for the six months ending June 30, 2016 and 2015 is as follows: (Dollars in Thousands) (Dollars in Thousands) June 30, 2016 June 30, 2015 Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Average Recorded Investment Interest Income Recognized Cash Basis Interest Recognized Commercial $ $ $ $ $ $ Commercial real estate: Construction — — — — — — Other Residential real estate Consumer: Auto — — — — — — Other — — Total $ $ $ $ $ $
Schedule of recorded investment in nonaccrual and loans past due over 90 days still on accrual by class of loans	(Dollars in Thousands) (Dollars in Thousands) June 30, 2016 December 31, 2015 Loans Past Due Over 90 Days and Still Accruing Nonaccrual Loans Past Due Over 90 Days and Still Accruing Nonaccrual Commercial $ $ — $ — $ — Commercial real estate: Construction — — — — Other — — — Residential real estate — — Consumer: Auto — — — — Other — — — — Total $ $ $ — $
Schedule of aging of the recorded investment in past due loans by class of loans	(Dollars in Thousands) 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Current Total June 30, 2016 Commercial $ $ — $ $ $ $ Commercial real estate: Construction — — — — Other — — — — Residential real estate — Consumer: Auto — — — — Other — — — — Subtotal $ $ $ $ $ $ (Dollars in Thousands) 30-59 Days Past Due 60-89 Days Past Due Over 90 Days Past Due Total Past Due Current Total December 31, 2015 Commercial $ — $ — $ — $ — $ $ Commercial real estate: Construction — — — — Other — Residential real estate — Consumer: Auto — — Other — — — — Subtotal $ $ — $ $ $ $
Schedule of loans by class modified as troubled debt restructurings	The following table presents loans by class modified as troubled debt restructurings that occurred during the quarter ending June 30, 2016 and 2015. (Dollars in Thousands) (Dollars in Thousands) Number of Loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment June 30, 2016 June 30, 2015 Troubled Debt Restructurings: Commercial real estate: Other — — — $ $ Consumer $ $ — — — Total $ $ $ $ The following table presents loans by class modified as troubled debt restructurings that occurred year to date June 30, 2016 and 2015. (Dollars in Thousands) (Dollars in Thousands) Number of Loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Loans Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment June 30, 2016 June 30, 2015 Troubled Debt Restructurings: Commercial real estate: Other — — — $ $ Consumer — — — Total $ $ $ $
Schedule of risk category of loans by class of loans based on the most recent analyses performed	Pass Special Mention Substandard Doubtful Total June 30, 2016 Commercial $ $ — $ $ — $ Commercial real estate: Construction — — — Other — Residential real estate — — Consumer: Auto — — — Other — — Total $ $ $ $ — $ Pass Special Mention Substandard Doubtful Total December 31, 2015 Commercial $ $ — $ $ — $ Commercial real estate: Construction — — — Other — Residential real estate — — Consumer: Auto — — — Other — — Total $ $ $ $ — $

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Measurements
Schedule of assets measured at fair value on a recurring basis	Fair Value Measurements at: (Dollars in Thousands) (Dollars in Thousands) June 30, 2016 December 31, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Securities available-for-sale U.S. government agencies and government sponsored entities $ $ Agency mortgage-backed securites-residential State and municipal Trust preferred security Corporate bonds Total investment securities $ — $ $ $ — $ $
Schedule of reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	Trust Preferred Security 2016 2015 Balance of recurring Level 3 assets at January 1 $ $ Total losses for the period: Included in other comprehensive income ) ) Balance of recurring Level 3 assets at June 30 $ $
Schedule of quantitative and qualitative information about Level 3 fair value measurements for financial instruments measured on a non-recurring basis	June 30, 2016 Valuation Techniques Unobservable Inputs (Dollars in thousands) Range (Weighted Avg) Impaired loans: Residential RE $ Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition (50%) Other real estate owned: Residentiall RE Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition 48%-54% (51.63%) December 31, 2015 Valuation Techniques Unobservable Inputs (Dollars in thousands) Range (Weighted Avg) Impaired loans: Commercial RE $ Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition (50.00%) Residential Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition 20%-60% (30.00%) Other real estate owned: Commercial RE Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition 8%-40% (33.65%)
Schedule of carrying amount and estimated fair values of financial instruments	Fair Value Measurements at Carrying June 30, 2016 Amount Level 1 Level 2 Level 3 Total Financial Assets Cash and cash equivalents $ $ $ Interest-bearing deposits in other financial institutions Available-for-sale securities Loans, net of allowance Loans held for sale Accrued interest receivable Federal Home Loan Bank stock N/A Financial Liabilities Demand and savings deposits $ $ $ Time deposits FHLB advances Other borrowings Subordinate debentures Accrued interest payable Fair Value Measurements at December 31, 2015 Carrying Amount Level 1 Level 2 Level 3 Total Financial Assets Cash and cash equivalents $ $ $ $ $ Interest-bearing deposits in other financial institutions $ Available-for-sale securities $ Loans, net of allowance Accrued interest receivable Federal Home Loan Bank stock N/A Financial Liabilities Demand and savings deposits $ $ $ Time deposits FHLB advances Other borrowings Subordinate debentures Accrued interest payable

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share
Schedule of reconciliation of basic and diluted earnings per share computations	Quarter ended June 30, 2016 Quarter ended June 30, 2015 Weighted Per Weighted Per Average Share Average Share Income Shares Amount Income Shares Amount Basic earnings per share: Net income $ $ Less: Dividends on preferred stock during the quarter ) Net income available to common shareholders $ $ $ $ Effect of dilutive securities Convertible preferred stock Performance share units — — — Stock options — — — Warrants — — — Diluted earnings per share Net income available to common stockholders and assumed conversions $ $ $ $ Six months ended June 30, 2016 Six months ended June 30, 2015 Weighted Weighted Average Per Share Average Per Share Income Shares Amount Income Shares Amount Basic earnings per share: Net income $ $ Less: Dividends on preferred stock during the quarter ) ) Net income available to common shareholders $ $ $ $ Effect of dilutive securities Convertible preferred stock Performance share units — — — Stock options — — — Warrants — — — Diluted earnings per share Net income available to common stockholders and assumed conversions $ $ $ $

Regulatory Capital Matters (Tab

Regulatory Capital Matters (Tables)	6 Months Ended
	Jun. 30, 2016
Regulatory Capital Matters
Schedule of the Company's and the Bank's actual capital amounts and ratios	June 30, 2016 (Dollars in Thousands) Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk-Weighted Assets) Consolidated $ % $ % N/A N/A Citizens First Bank, Inc. % % $ % Tier I Capital (to Risk-Weighted Assets) Consolidated % % N/A N/A Citizens First Bank, Inc. % % % Common Equity Tier I Capital (to Risk-Weighted Assets) Consolidated % % N/A N/A Citizens First Bank, Inc. % % % Tier I Leverage Capital to average assets Consolidated % % N/A N/A Citizens First Bank, Inc. % % % December 31, 2015 (Dollars in Thousands) Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk-Weighted Assets) Consolidated $ % $ % N/A N/A Citizens First Bank, Inc. % % $ % Tier I Capital (to Risk-Weighted Assets) Consolidated % % N/A N/A Citizens First Bank, Inc. % % % Common Equity Tier I Capital (to Risk-Weighted Assets) Consolidated % % N/A N/A Citizens First Bank, Inc. % % % Tier I Leverage Capital to average assets Consolidated % % N/A N/A Citizens First Bank, Inc. % % %

Available-For-Sale Securities -

Available-For-Sale Securities - Amortized Cost and Fair Value with Gross Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Amortized cost and fair value of the available for sale investment securities portfolio
Amortized Cost	$ 57,862	$ 59,965
Gross Unrealized Gains	1,325	877
Gross Unrealized Losses	(646)	(642)
Fair Value	58,541	60,200
U. S. government agencies and government sponsored entities
Amortized cost and fair value of the available for sale investment securities portfolio
Amortized Cost	2,998	2,998
Gross Unrealized Gains	2	3
Gross Unrealized Losses		(7)
Fair Value	3,000	2,994
Agency mortgage-backed securities: residential
Amortized cost and fair value of the available for sale investment securities portfolio
Amortized Cost	28,250	29,446
Gross Unrealized Gains	549	259
Gross Unrealized Losses	(16)	(48)
Fair Value	28,783	29,657
State and municipal
Amortized cost and fair value of the available for sale investment securities portfolio
Amortized Cost	23,732	24,641
Gross Unrealized Gains	774	615
Gross Unrealized Losses	(2)	(34)
Fair Value	24,504	25,222
Trust preferred security
Amortized cost and fair value of the available for sale investment securities portfolio
Amortized Cost	1,882	1,880
Gross Unrealized Losses	(622)	(540)
Fair Value	1,260	1,340
Corporate bonds
Amortized cost and fair value of the available for sale investment securities portfolio
Amortized Cost	1,000	1,000
Gross Unrealized Losses	(6)	(13)
Fair Value	$ 994	$ 987

Available-For-Sale Securities23

Available-For-Sale Securities - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Amortized Cost
Due in one year or less	$ 1,532
Due from one to five years	12,375
Due from five to ten years	11,219
Due after ten years	4,486
Agency mortgage-backed: residential	28,250
Total	57,862
Fair Value
Due in one year or less	1,543
Due from one to five years	12,582
Due from five to ten years	11,616
Due after ten years	4,017
Agency mortgage-backed: residential	28,783
Fair Value	$ 58,541	$ 60,200

Available-For-Sale Securities24

Available-For-Sale Securities - Investment Securities with Unrealized Losses by Investment Category (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)item	Dec. 31, 2015USD ($)
Investment holdings
Fair Value, Less than 12 Months	$ 4,413	$ 11,793
Unrealized Losses, Less than 12 Months	(24)	(57)
Fair Value, 12 Months or More	1,260	4,424
Unrealized Losses, 12 Months or More	(622)	(585)
Fair Value, Total	5,673	16,217
Unrealized Losses, Total	$ (646)	(642)
Number of adverse conditions identified, related to repayment of securities that are not rated | item	0
Impairment charge on available for sale securities	$ 0
Loss of principal anticipated	0
Loss of interest anticipated	0
U. S. government agencies and government sponsored entities
Investment holdings
Fair Value, 12 Months or More		992
Unrealized Losses, 12 Months or More		(7)
Fair Value, Total		992
Unrealized Losses, Total		(7)
Agency mortgage-backed securities: residential
Investment holdings
Fair Value, Less than 12 Months	1,951	7,009
Unrealized Losses, Less than 12 Months	(16)	(25)
Fair Value, 12 Months or More		1,475
Unrealized Losses, 12 Months or More		(23)
Fair Value, Total	1,951	8,484
Unrealized Losses, Total	(16)	(48)
State and municipal
Investment holdings
Fair Value, Less than 12 Months	1,468	3,797
Unrealized Losses, Less than 12 Months	(2)	(19)
Fair Value, 12 Months or More		617
Unrealized Losses, 12 Months or More		(15)
Fair Value, Total	1,468	4,414
Unrealized Losses, Total	(2)	(34)
Trust preferred security
Investment holdings
Fair Value, 12 Months or More	1,260	1,340
Unrealized Losses, 12 Months or More	(622)	(540)
Fair Value, Total	1,260	1,340
Unrealized Losses, Total	(622)	(540)
Corporate bonds
Investment holdings
Fair Value, Less than 12 Months	994	987
Unrealized Losses, Less than 12 Months	(6)	(13)
Fair Value, Total	994	987
Unrealized Losses, Total	$ (6)	$ (13)

Loans and Allowance for Loan 25

Loans and Allowance for Loan Losses - Loans By Category (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Categories of loans
Total loans	$ 347,013		$ 330,782
Less Allowance for loan losses	(4,949)	$ (5,044)	(4,916)	$ (4,983)	$ (4,947)	$ (4,885)
Net Loans	342,064		325,866
Commercial
Categories of loans
Total loans	55,132		53,516
Less Allowance for loan losses	(464)	(745)	(812)	(757)	(1,035)	(1,029)
Commercial Real Estate
Categories of loans
Total loans	206,848		193,457
Less Allowance for loan losses	(3,815)	(3,585)	(3,431)	(3,605)	(3,206)	(3,088)
Residential Real Estate
Categories of loans
Total loans	81,306		79,680
Less Allowance for loan losses	(600)	(602)	(524)	(447)	(519)	(582)
Consumer
Categories of loans
Total loans	3,727		4,129
Less Allowance for loan losses	(22)	(24)	(28)	(38)	(41)	(45)
Unallocated
Categories of loans
Less Allowance for loan losses	(48)	$ (88)	(121)	$ (136)	$ (146)	$ (141)
Commercial | Commercial
Categories of loans
Total loans	55,132		53,516
Real estate | Residential Real Estate
Categories of loans
Total loans	81,306		79,680
Construction | Commercial Real Estate
Categories of loans
Total loans	28,511		24,167
Auto | Consumer
Categories of loans
Total loans	1,242		1,425
Other | Commercial Real Estate
Categories of loans
Total loans	178,337		169,290
Other | Consumer
Categories of loans
Total loans	$ 2,485		$ 2,704

Loans and Allowance for Loan 26

Loans and Allowance for Loan Losses - Allowance Roll-forward and Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Dec. 31, 2015
Allowance for loan losses:
Beginning Balance	$ 5,044	$ 4,947	$ 4,916	$ 4,885
Provision (credit) for loan losses	(85)	120	(85)	200
Loans charged-off	(72)	(123)	(80)	(167)
Recoveries	62	39	199	65
Total ending allowance balance	4,949	4,983	4,949	4,983
Accrued interest receivable					$ 1,536	$ 1,680
Allowance for loan losses, Ending allowance balance attributable to loans:
Individually evaluated for impairment					256	433
Collectively evaluated					4,693	4,483
Total ending allowance balance	5,044	4,947	4,916	4,885	4,949	4,916
Loans:
Individually evaluated for impairment					2,485	3,027
Collectively evaluated					344,528	327,755
Loans and Leases Receivable, Gross, Total					347,013	330,782
Loans Receivable
Allowance for loan losses:
Accrued interest receivable					1,200	1,300
Commercial
Allowance for loan losses:
Beginning Balance	745	1,035	812	1,029
Provision (credit) for loan losses	(301)	(233)	(475)	(248)
Loans charged-off	(5)	(75)	(5)	(75)
Recoveries	25	30	132	51
Total ending allowance balance	464	757	464	757
Allowance for loan losses, Ending allowance balance attributable to loans:
Individually evaluated for impairment					35	36
Collectively evaluated					429	776
Total ending allowance balance	745	1,035	812	1,029	464	812
Loans:
Individually evaluated for impairment					133	145
Collectively evaluated					54,999	53,371
Loans and Leases Receivable, Gross, Total					55,132	53,516
Commercial Real Estate
Allowance for loan losses:
Beginning Balance	3,585	3,206	3,431	3,088
Provision (credit) for loan losses	257	398	386	533
Loans charged-off	(52)		(52)	(17)
Recoveries	25	1	50	1
Total ending allowance balance	3,815	3,605	3,815	3,605
Allowance for loan losses, Ending allowance balance attributable to loans:
Individually evaluated for impairment					195	377
Collectively evaluated					3,620	3,054
Total ending allowance balance	3,585	3,206	3,431	3,088	3,815	3,431
Loans:
Individually evaluated for impairment					1,580	2,066
Collectively evaluated					205,268	191,391
Loans and Leases Receivable, Gross, Total					206,848	193,457
Residential Real Estate
Allowance for loan losses:
Beginning Balance	602	519	524	582
Provision (credit) for loan losses	4	(43)	86	(86)
Loans charged-off	(15)	(32)	(23)	(56)
Recoveries	9	3	13	7
Total ending allowance balance	600	447	600	447
Allowance for loan losses, Ending allowance balance attributable to loans:
Individually evaluated for impairment					25	20
Collectively evaluated					575	504
Total ending allowance balance	602	519	524	582	600	524
Loans:
Individually evaluated for impairment					744	807
Collectively evaluated					80,562	78,873
Loans and Leases Receivable, Gross, Total					81,306	79,680
Consumer
Allowance for loan losses:
Beginning Balance	24	41	28	45
Provision (credit) for loan losses	(5)	8	(10)	6
Loans charged-off		(16)		(19)
Recoveries	3	5	4	6
Total ending allowance balance	22	38	22	38
Allowance for loan losses, Ending allowance balance attributable to loans:
Individually evaluated for impairment					1
Collectively evaluated					21	28
Total ending allowance balance	24	41	28	45	22	28
Loans:
Individually evaluated for impairment					28	9
Collectively evaluated					3,699	4,120
Loans and Leases Receivable, Gross, Total					3,727	4,129
Unallocated
Allowance for loan losses:
Beginning Balance	88	146	121	141
Provision (credit) for loan losses	(40)	(10)	(73)	(5)
Total ending allowance balance	48	136	48	136
Allowance for loan losses, Ending allowance balance attributable to loans:
Collectively evaluated					48	121
Total ending allowance balance	$ 88	$ 146	$ 121	$ 141	$ 48	$ 121

Loans and Allowance for Loan 27

Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Unpaid Principal Balance
With no related allowance recorded	$ 1,361		$ 1,361		$ 1,404
With an allowance recorded	1,124		1,124		1,623
Total	2,485		2,485		3,027
Recorded Investment
With no related allowance recorded	1,361		1,361		1,404
With an allowance recorded	1,124		1,124		1,623
Total	2,485		2,485		3,027
Allowance for Loan Losses Allocated
Total	256		256		433
Average Recorded Investment
Total	2,491	$ 4,834	2,510	$ 4,924
Interest Income Recognized
Total	32	53	64	105
Cash Basis Interest Recognized
Total	32	44	63	95
Commercial | Commercial
Unpaid Principal Balance
With no related allowance recorded	58		58		61
With an allowance recorded	75		75		84
Recorded Investment
With no related allowance recorded	58		58		61
With an allowance recorded	75		75		84
Allowance for Loan Losses Allocated
Total	35		35		36
Average Recorded Investment
Total	135	1,893	139	1,972
Interest Income Recognized
Total	3	24	6	49
Cash Basis Interest Recognized
Total	3	22	6	45
Real estate | Residential Real Estate
Unpaid Principal Balance
With no related allowance recorded	692		692		700
With an allowance recorded	52		52		107
Recorded Investment
With no related allowance recorded	692		692		700
With an allowance recorded	52		52		107
Allowance for Loan Losses Allocated
Total	25		25		20
Average Recorded Investment
Total	747	1,014	749	1,019
Interest Income Recognized
Total	8	12	16	25
Cash Basis Interest Recognized
Total	8	9	15	18
Other | Commercial Real Estate
Unpaid Principal Balance
With no related allowance recorded	611		611		643
With an allowance recorded	969		969		1,423
Recorded Investment
With no related allowance recorded	611		611		643
With an allowance recorded	969		969		1,423
Allowance for Loan Losses Allocated
Total	195		195		377
Average Recorded Investment
Total	1,584	1,916	1,604	1,922
Interest Income Recognized
Total	21	17	41	31
Cash Basis Interest Recognized
Total	21	13	41	32
Other | Consumer
Unpaid Principal Balance
With an allowance recorded	28		28
Recorded Investment
With an allowance recorded	28		28		$ 9
Allowance for Loan Losses Allocated
Total	1		1
Average Recorded Investment
Total	$ 25	$ 11	18	$ 11
Interest Income Recognized
Total			1
Cash Basis Interest Recognized
Total			$ 1

Loans and Allowance for Loan 28

Loans and Allowance for Loan Losses - Investment in Nonaccrual Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Recorded investment in nonaccrual and loans past due over 90 days
Loans Past Due Over 90 Days and Still Accruing	$ 150
Nonaccrual	49	$ 537
Residential Real Estate
Recorded investment in nonaccrual and loans past due over 90 days
Nonaccrual	49	98
Commercial | Commercial
Recorded investment in nonaccrual and loans past due over 90 days
Loans Past Due Over 90 Days and Still Accruing	$ 150
Other | Commercial Real Estate
Recorded investment in nonaccrual and loans past due over 90 days
Nonaccrual		$ 439

Loans and Allowance for Loan 29

Loans and Allowance for Loan Losses - Aging of Past Due Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Aging of the recorded investment in past due loans
Total Past Due	$ 301	$ 1,045
Current	346,712	329,737
Loans and Leases Receivable, Gross, Total	347,013	330,782
Commercial
Aging of the recorded investment in past due loans
Loans and Leases Receivable, Gross, Total	55,132	53,516
Commercial Real Estate
Aging of the recorded investment in past due loans
Loans and Leases Receivable, Gross, Total	206,848	193,457
Residential Real Estate
Aging of the recorded investment in past due loans
Loans and Leases Receivable, Gross, Total	81,306	79,680
Consumer
Aging of the recorded investment in past due loans
Loans and Leases Receivable, Gross, Total	3,727	4,129
Commercial | Commercial
Aging of the recorded investment in past due loans
Total Past Due	238
Current	54,894	53,516
Loans and Leases Receivable, Gross, Total	55,132	53,516
Real estate | Residential Real Estate
Aging of the recorded investment in past due loans
Total Past Due	63	427
Current	81,243	79,253
Loans and Leases Receivable, Gross, Total	81,306	79,680
Construction | Commercial Real Estate
Aging of the recorded investment in past due loans
Current	28,511	24,167
Loans and Leases Receivable, Gross, Total	28,511	24,167
Auto | Consumer
Aging of the recorded investment in past due loans
Total Past Due		1
Current	1,242	1,424
Loans and Leases Receivable, Gross, Total	1,242	1,425
Other | Commercial Real Estate
Aging of the recorded investment in past due loans
Total Past Due		617
Current	178,337	168,673
Loans and Leases Receivable, Gross, Total	178,337	169,290
Other | Consumer
Aging of the recorded investment in past due loans
Current	2,485	2,704
Loans and Leases Receivable, Gross, Total	2,485	2,704
30 to 59 Days Past Due
Aging of the recorded investment in past due loans
Total Past Due	88	508
30 to 59 Days Past Due | Commercial | Commercial
Aging of the recorded investment in past due loans
Total Past Due	88
30 to 59 Days Past Due | Real estate | Residential Real Estate
Aging of the recorded investment in past due loans
Total Past Due		329
30 to 59 Days Past Due | Auto | Consumer
Aging of the recorded investment in past due loans
Total Past Due		1
30 to 59 Days Past Due | Other | Commercial Real Estate
Aging of the recorded investment in past due loans
Total Past Due		178
60 to 89 Days Past Due
Aging of the recorded investment in past due loans
Total Past Due	14
60 to 89 Days Past Due | Real estate | Residential Real Estate
Aging of the recorded investment in past due loans
Total Past Due	14
Over 90 Days Past Due
Aging of the recorded investment in past due loans
Total Past Due	199	537
Over 90 Days Past Due | Commercial | Commercial
Aging of the recorded investment in past due loans
Total Past Due	150
Over 90 Days Past Due | Real estate | Residential Real Estate
Aging of the recorded investment in past due loans
Total Past Due	$ 49	98
Over 90 Days Past Due | Other | Commercial Real Estate
Aging of the recorded investment in past due loans
Total Past Due		$ 439

Loans and Allowance for Loan 30

Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)loanitem	Jun. 30, 2015USD ($)loanitem	Jun. 30, 2016USD ($)loanitem	Jun. 30, 2015USD ($)loanitem	Dec. 31, 2015USD ($)
Troubled Debt Restructurings
Total troubled debt restructurings	$ 2,400,000		$ 2,400,000		$ 2,500,000
Commitments to lend additional amounts to customers with outstanding loans that are classified as troubled debt restructurings	$ 0		$ 0
Number of loans reported as troubled debt restructurings | item	12		12
Number of Loans | loan	1	2	2	2
Pre-Modification Outstanding Recorded Investment	$ 7,000	$ 1,547,000	$ 7,000	$ 1,547,000
Post-Modification Outstanding Recorded Investment	7,000	1,547,000	7,000	1,547,000
Pre-Modification Outstanding Recorded Investment			21,000	1,547,000
Post-Modification Outstanding Recorded Investment			21,000	1,547,000
Specific allocations reported for the troubled debt restructurings	231,000	$ 243,000	231,000	$ 243,000
Number of payment defaults reported for troubled debt restructurings | item		0		0
Troubled debt restructurings charged off	3,000,000		3,000,000
Total recorded investment for loans modified (other than through troubled debt restructuring)	$ 13,100,000	$ 9,500,000	$ 13,100,000	$ 9,500,000
Number of reported charge-offs for troubled debt restructurings	1	0	1	0
Commercial Real Estate Other Portfolio Segment
Troubled Debt Restructurings
Number of Loans | loan		2		2
Pre-Modification Outstanding Recorded Investment		$ 1,547,000		$ 1,547,000
Post-Modification Outstanding Recorded Investment		$ 1,547,000		1,547,000
Pre-Modification Outstanding Recorded Investment				1,547,000
Post-Modification Outstanding Recorded Investment				$ 1,547,000
Commercial Real Estate Consumer Portfolio Segment
Troubled Debt Restructurings
Number of Loans | loan	1		2
Pre-Modification Outstanding Recorded Investment	$ 7,000		$ 7,000
Post-Modification Outstanding Recorded Investment	$ 7,000		7,000
Pre-Modification Outstanding Recorded Investment			21,000
Post-Modification Outstanding Recorded Investment			$ 21,000

Loans and Allowance for Loan 31

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Credit Quality Indicators
Minimum outstanding balance of loans to be reviewed on a monthly basis	$ 25
Total loans	347,013	$ 330,782
Pass
Credit Quality Indicators
Total loans	339,898	320,467
Special Mention
Credit Quality Indicators
Total loans	763	5,753
Substandard
Credit Quality Indicators
Total loans	6,352	4,562
Commercial | Commercial
Credit Quality Indicators
Total loans	55,132	53,516
Commercial | Commercial | Pass
Credit Quality Indicators
Total loans	55,053	53,316
Commercial | Commercial | Substandard
Credit Quality Indicators
Total loans	79	200
Real estate | Residential Real Estate
Credit Quality Indicators
Total loans	81,306	79,680
Real estate | Residential Real Estate | Pass
Credit Quality Indicators
Total loans	80,788	79,033
Real estate | Residential Real Estate | Substandard
Credit Quality Indicators
Total loans	518	647
Construction | Commercial Real Estate
Credit Quality Indicators
Total loans	28,511	24,167
Construction | Commercial Real Estate | Pass
Credit Quality Indicators
Total loans	28,511	24,167
Auto | Consumer
Credit Quality Indicators
Total loans	1,242	1,425
Auto | Consumer | Pass
Credit Quality Indicators
Total loans	1,242	1,425
Other | Commercial Real Estate
Credit Quality Indicators
Total loans	178,337	169,290
Other | Commercial Real Estate | Pass
Credit Quality Indicators
Total loans	171,830	159,829
Other | Commercial Real Estate | Special Mention
Credit Quality Indicators
Total loans	763	5,753
Other | Commercial Real Estate | Substandard
Credit Quality Indicators
Total loans	5,744	3,708
Other | Consumer
Credit Quality Indicators
Total loans	2,485	2,704
Other | Consumer | Pass
Credit Quality Indicators
Total loans	2,474	2,697
Other | Consumer | Substandard
Credit Quality Indicators
Total loans	$ 11	$ 7

Fair Value Measurements - Asset

Fair Value Measurements - Assets Measured on a Recurring and Nonrecurring Basis(Details) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Assets:
Securities available-for-sale	$ 58,541,000		$ 60,200,000
Unrealized Losses, Less than 12 Months	(24,000)		(57,000)
Other real estate owned	66,000		100,000
Fair value, assets measured on recurring basis, unobservable input reconciliation
Principal balance of impaired loans	49,000		537,000
Valuation allowance	25,000		198,000
Increase in the provision for loan losses	25,000	$ 233,000
Other real estate owned, net carrying value	66,000		100,000
Write-downs of other real estate owned	0	23,000
U. S. government agencies and government sponsored entities
Assets:
Securities available-for-sale	3,000,000		2,994,000
Agency mortgage-backed securities: residential
Assets:
Securities available-for-sale	28,783,000		29,657,000
Unrealized Losses, Less than 12 Months	(16,000)		(25,000)
State and municipal
Assets:
Securities available-for-sale	24,504,000		25,222,000
Unrealized Losses, Less than 12 Months	(2,000)		(19,000)
Trust preferred security
Assets:
Securities available-for-sale	1,260,000		1,340,000
Corporate bonds
Assets:
Securities available-for-sale	994,000		987,000
Unrealized Losses, Less than 12 Months	(6,000)		(13,000)
Level 2
Assets:
Securities available-for-sale	57,281,000		58,860,000
Level 3
Assets:
Securities available-for-sale	1,260,000		1,340,000
Recurring basis | Level 2
Assets:
Securities available-for-sale	57,281,000		58,860,000
Recurring basis | Level 2 | U. S. government agencies and government sponsored entities
Assets:
Securities available-for-sale	3,000,000		2,994,000
Recurring basis | Level 2 | Agency mortgage-backed securities: residential
Assets:
Securities available-for-sale	28,783,000		29,657,000
Recurring basis | Level 2 | State and municipal
Assets:
Securities available-for-sale	24,504,000		25,222,000
Recurring basis | Level 2 | Corporate bonds
Assets:
Securities available-for-sale	994,000		987,000
Recurring basis | Level 3
Assets:
Securities available-for-sale	1,260,000		1,340,000
Recurring basis | Level 3 | Trust preferred security
Assets:
Securities available-for-sale	1,260,000		$ 1,340,000
Fair value, assets measured on recurring basis, unobservable input reconciliation
Recurring Level 3 assets, beginning of period balance	1,340,000	1,480,000
Losses for the period included in other comprehensive income	(80,000)	(30,000)
Recurring Level 3 assets, end of period balance	$ 1,260,000	$ 1,450,000

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative and Qualitative Information of Level 3 Fair Value Measurements (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Valuation techniques
Impaired loans	$ 2,485	$ 3,027
Other real estate owned	66	100
Real estate | Level 3 | Commercial Real Estate | Sales Comparison
Valuation techniques
Impaired loans		$ 260
Real estate | Level 3 | Commercial Real Estate | Sales Comparison | Weighted Average
Valuation techniques
Range (as a percent)		50.00%
Real estate | Level 3 | Residential Real Estate | Sales Comparison
Valuation techniques
Impaired loans	$ 24	$ 79
Real estate | Level 3 | Residential Real Estate | Sales Comparison | Minimum
Valuation techniques
Range (as a percent)		20.00%
Real estate | Level 3 | Residential Real Estate | Sales Comparison | Maximum
Valuation techniques
Range (as a percent)		60.00%
Real estate | Level 3 | Residential Real Estate | Sales Comparison | Weighted Average
Valuation techniques
Range (as a percent)	50.00%	30.00%
Other real estate owned: Commercial RE | Level 3 | Commercial Real Estate | Sales Comparison
Valuation techniques
Other real estate owned		$ 100
Other real estate owned: Commercial RE | Level 3 | Commercial Real Estate | Sales Comparison | Minimum
Valuation techniques
Range (as a percent)		8.00%
Other real estate owned: Commercial RE | Level 3 | Commercial Real Estate | Sales Comparison | Maximum
Valuation techniques
Range (as a percent)		40.00%
Other real estate owned: Commercial RE | Level 3 | Commercial Real Estate | Sales Comparison | Weighted Average
Valuation techniques
Range (as a percent)		33.65%
Other real estate owned: Residential RE | Level 3 | Residential Real Estate | Sales Comparison
Valuation techniques
Other real estate owned	$ 66
Other real estate owned: Residential RE | Level 3 | Residential Real Estate | Sales Comparison | Minimum
Valuation techniques
Range (as a percent)	48.00%
Other real estate owned: Residential RE | Level 3 | Residential Real Estate | Sales Comparison | Maximum
Valuation techniques
Range (as a percent)	54.00%
Other real estate owned: Residential RE | Level 3 | Residential Real Estate | Sales Comparison | Weighted Average
Valuation techniques
Range (as a percent)	51.63%

Fair Value Measurments - Carryi

Fair Value Measurments - Carrying Amount and Estimated Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Financial Assets
Interest-bearing deposits in other financial institutions	$ 2,728	$ 2,728
Available-for-sale securities	58,541	60,200
Loans, net of allowance	342,064	325,866
Accrued interest receivable	1,536	1,680
Federal Home Loan Bank stock	2,025	2,025
Financial Liabilities
Subordinated debentures	5,000	5,000
Accrued interest payable	223	213
Level 1
Financial Assets
Cash and cash equivalents	7,354	15,255
Interest-bearing deposits in other financial institutions	2,761	2,728
Accrued interest receivable	18
Financial Liabilities
Demand and savings deposits	213,574	216,857
Accrued interest payable	11	9
Level 2
Financial Assets
Available-for-sale securities	57,281	58,860
Loans held for sale	121
Accrued interest receivable	300	337
Financial Liabilities
Time deposits	140,196	153,801
FHLB advances	35,023	12,902
Other borrowings	1,000	2,000
Accrued interest payable	182	177
Level 3
Financial Assets
Available-for-sale securities	1,260	1,340
Loans, net of allowance	343,856	326,886
Accrued interest receivable	1,218	1,343
Financial Liabilities
Subordinated debentures	2,434	2,434
Accrued interest payable	30	27
Carrying Amount
Financial Assets
Cash and cash equivalents	7,354	15,255
Interest-bearing deposits in other financial institutions	2,728	2,728
Available-for-sale securities	57,862	59,965
Loans, net of allowance	342,064	325,866
Loans held for sale	118
Accrued interest receivable	1,536	1,680
Federal Home Loan Bank stock	2,025	2,025
Financial Liabilities
Demand and savings deposits	213,574	216,857
Time deposits	139,859	153,531
FHLB advances	35,000	13,000
Other borrowings	1,000	2,000
Subordinated debentures	5,000	5,000
Accrued interest payable	223	213
Total
Financial Assets
Cash and cash equivalents	7,354	15,255
Interest-bearing deposits in other financial institutions	2,761	2,728
Available-for-sale securities	58,541	60,200
Loans, net of allowance	343,856	326,886
Loans held for sale	121
Accrued interest receivable	1,536	1,680
Financial Liabilities
Demand and savings deposits	213,574	216,857
Time deposits	140,196	153,801
FHLB advances	35,023	12,902
Other borrowings	1,000	2,000
Subordinated debentures	2,434	2,434
Accrued interest payable	$ 223	$ 213

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Basic earnings per share:
Net income	$ 1,074	$ 899	$ 1,979	$ 1,681
Less: Dividends on preferred stock during the quarter	(123)	(130)	(247)	(258)
Net income available for common stockholders	$ 951	$ 769	$ 1,732	$ 1,423
Weighted Average Shares, basic
Weighted Average Shares, basic	1,998,979	1,968,777	1,996,278	1,968,777
Effect of dilutive securities
Income	$ 123	$ 130	$ 247	$ 258
Convertible preferred stock (in shares)		568,890	541,563	568,890
Stock options (in shares)	69
Warrants (in shares)		24,462		85,759
Weighted Average Shares, diluted
Net income available to common stockholders and assumed conversions	$ 1,074	$ 899	$ 1,979	$ 1,681
Weighted Average Shares, diluted	2,539,948	2,562,129	2,540,837	2,623,426
Per Share Amount
Basic earnings per common share (in dollars per share)	$ 0.48	$ 0.39	$ 0.87	$ 0.72
Diluted earnings per common share (in dollars per share)	$ 0.42	$ 0.35	$ 0.78	$ 0.64
Stock options not considered in computing diluted earnings per common share (in shares)			0	29,276
Stock Options
Effect of dilutive securities
Convertible preferred stock (in shares)	539,175
Stock options (in shares)			59
Performance share units
Effect of dilutive securities
Performance share units (in shares)	1,725		2,937

Regulatory Capital Matters (Det

Regulatory Capital Matters (Details) $ in Thousands	Jun. 30, 2016USD ($)item	Dec. 31, 2015USD ($)
Regulatory capital matters
Number of classifications for prompt corrective action regulations | item	5
Tier one risk based minimum required capital conservation	2.50%
Total Capital (to Risk-Weighted Assets)
Actual, Amount	$ 46,518	$ 44,762
For Capital Adequacy Purposes, Amount	$ 29,448	$ 28,463
Total Capital (to Risk-Weighted Assets)
Actual, Ratio (as a percent)	12.64%	12.58%
For Capital Adequacy Purposes, Ratio (as a percent)	8.00%	8.00%
Tier I Capital (to Risk-Weighted Assets)
Actual, Amount	$ 41,908	$ 40,310
For Capital Adequacy Purposes, Amount	$ 22,086	$ 21,348
Tier I Capital (to Risk-Weighted Assets)
Actual, Ratio (as a percent)	11.38%	11.33%
For Capital Adequacy Purposes, Ratio (as a percent)	6.00%	6.00%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual Amount	$ 29,647	$ 27,650
For Capital Adequacy Purposes, Amount	$ 16,565	$ 16,011
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual, Ratio (as a percent)	8.05%	7.77%
For Capital Adequacy Purposes, Ratio (as a percent)	4.50%	4.50%
Tier I Leverage Capital to Average Assets
Actual, Amount	$ 41,908	$ 39,365
For Capital Adequacy Purposes, Amount	$ 17,400	$ 13,961
Tier I Capital (to Average Assets)
Actual, Ratio (as a percent)	9.63%	9.46%
For Capital Adequacy Purposes, Ratio (as a percent)	4.00%	4.00%
Citizens First Bank, Inc.
Total Capital (to Risk-Weighted Assets)
Actual, Amount	$ 47,162	$ 46,353
For Capital Adequacy Purposes, Amount	29,440	28,459
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 36,800	$ 35,573
Total Capital (to Risk-Weighted Assets)
Actual, Ratio (as a percent)	12.82%	13.03%
For Capital Adequacy Purposes, Ratio (as a percent)	8.00%	8.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	10.00%	10.00%
Tier I Capital (to Risk-Weighted Assets)
Actual, Amount	$ 42,554	$ 41,901
For Capital Adequacy Purposes, Amount	22,080	21,344
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 29,440	$ 28,459
Tier I Capital (to Risk-Weighted Assets)
Actual, Ratio (as a percent)	11.56%	11.78%
For Capital Adequacy Purposes, Ratio (as a percent)	6.00%	6.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	8.00%	8.00%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual Amount	$ 42,554	$ 41,901
For Capital Adequacy Purposes, Amount	16,560	16,008
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 23,920	$ 23,123
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual, Ratio (as a percent)	11.56%	11.78%
For Capital Adequacy Purposes, Ratio (as a percent)	4.50%	4.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	6.50%	6.50%
Tier I Leverage Capital to Average Assets
Actual, Amount	$ 42,554	$ 41,901
For Capital Adequacy Purposes, Amount	17,394	17,043
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 21,742	$ 21,304
Tier I Capital (to Average Assets)
Actual, Ratio (as a percent)	9.79%	9.83%
For Capital Adequacy Purposes, Ratio (as a percent)	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio (as a percent)	5.00%	5.00%

Preferred Stock (Details)

Preferred Stock (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2004
Preferred stock
Stock issued (in shares)	237	250
Cumulative dividends (as a percent)	6.50%	6.50%
6.5% Cumulative convertible preferred stock
Preferred stock
Stock issued (in shares)			250
Stated value (in dollars per share)			$ 31,992
Purchase price of stock issued			$ 7,998,000
Sales price of stock issued			$ 31,992
Cumulative dividends (as a percent)			6.50%
Conversion price (in dollars per share)	$ 14.06		$ 15.50
Period after the date of issuance preferred stock can be converted			3 years
Convertible preferred stock converted to common shares	13
Common Stock
Preferred stock
Preferred shares converted to common shares	29,575