Citizens First (CZFC) 10-Q 8 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2018	Nov. 08, 2018
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	Sep. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		2,537,605
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Assets
Cash and due from financial institutions	$ 7,523	$ 6,444
Interest-bearing deposits in other financial institutions	28,113	13,532
Available-for-sale securities	45,450	48,616
Loans held for sale		427
Loans, net of allowance for loan losses of $4,776 and $4,724 at September 30, 2018 and December 31, 2017, respectively	365,913	369,515
Premises and equipment, net	8,930	9,140
Bank owned life insurance (BOLI)	8,660	8,528
Federal Home Loan Bank (FHLB) stock, at cost	2,065	2,053
Accrued interest receivable	1,596	1,681
Deferred income taxes	766	670
Goodwill and other intangible assets	4,168	4,221
Other assets	490	555
Total assets	473,674	465,382
Deposits.
Noninterest bearing	51,679	53,259
Savings, NOW and money market	188,200	175,087
Time	142,754	143,968
Total deposits	382,633	372,314
FHLB advances and other borrowings	35,000	40,000
Subordinated debentures	5,000	5,000
Accrued interest payable	360	285
Other liabilities	2,092	1,949
Total liabilities	425,085	419,548
Stockholders' equity
Common stock, no par value, authorized 5,000,000 shares; issued and outstanding 2,537,605 shares at September 30, 2018 and 2,526,377 shares at December 31, 2017, respectively	33,232	33,138
Retained earnings	16,380	13,142
Accumulated other comprehensive income (loss)	(1,023)	(446)
Total stockholders' equity	48,589	45,834
Total liabilities and stockholders' equity	$ 473,674	$ 465,382

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Consolidated Balance Sheets
Loans, allowance for loan losses (in dollars)	$ 4,776	$ 4,724
Common stock, no par value	$ 0	$ 0
Common stock, authorized shares	5,000,000	5,000,000
Common stock, issued shares	2,537,605	2,526,377
Common stock, outstanding shares	2,537,605	2,526,377

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Interest and dividend income
Loans	$ 4,649	$ 4,316	$ 13,942	$ 12,697
Taxable securities	174	142	516	433
Non-taxable securities	93	115	294	379
Federal funds sold and other	178	67	364	181
Total interest and dividend income	5,094	4,640	15,116	13,690
Interest expense
Deposits	936	628	2,492	1,769
FHLB advances and other borrowings	196	112	572	305
Subordinated debentures	50	37	142	106
Total interest expense	1,182	777	3,206	2,180
Net interest income	3,912	3,863	11,910	11,510
Provision (credit) for loan losses	30	(30)	90
Net interest income after provision (credit) for loan losses	3,882	3,893	11,820	11,510
Non-interest income
Service charges on deposit accounts	291		898
Gain on sale of mortgage loans	95	79	214	235
Non-deposit brokerage fees	110		310
Lease income	52	53	183	185
BOLI income	45	44	132	132
Gain on sale of available-for-sale securities		25		48
Total non-interest income	912	925	2,656	2,672
Non-interest expenses
Salaries and employee benefits	1,730	1,673	5,349	5,062
Net occupancy expense	457	449	1,342	1,356
Advertising and public relations	102	111	268	259
Professional fees	156	160	492	461
Data processing services	208	214	607	718
Franchise shares and deposit tax	120	132	360	396
FDIC insurance	42	52	127	150
Other	470	415	1,390	1,308
Total non-interest expenses	3,285	3,206	9,935	9,710
Income before income taxes	1,509	1,612	4,541	4,472
Income taxes	311	490	885	1,335
Net income	1,198	1,122	3,656	3,137
Dividends on preferred stock				238
Net income available for common stockholders	$ 1,198	$ 1,122	$ 3,656	$ 2,899
Basic earnings per common share (in dollars per share)	$ 0.47	$ 0.44	$ 1.44	$ 1.30
Diluted earnings per common share (in dollars per share)	$ 0.47	$ 0.44	$ 1.44	$ 1.23
Deposit accounts
Non-interest income
Service charges on deposit accounts	$ 291	$ 317	$ 898	$ 922
Other
Non-interest income
Other service charges and fees	319	317	919	882
Brokerage fees
Non-interest income
Non-deposit brokerage fees	$ 110	$ 90	$ 310	$ 268

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Comprehensive income, net of tax
Net income	$ 1,198	$ 1,122	$ 3,656	$ 3,137
Other comprehensive income (loss)
Reclassification adjustment for gains included in net income, net of taxes		(17)		(32)
Change in unrealized gain (loss) on available for sale securities, net of taxes	(140)	(34)	(489)	472
Total other comprehensive income (loss)	(140)	(51)	(489)	440
Comprehensive income	$ 1,058	$ 1,071	$ 3,167	$ 3,577

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, 2016	$ 7,261	$ 25,920	$ 9,706	$ (523)	$ 42,364
Increase (Decrease) in Stockholders' Equity
Net income			3,137		3,137
Stock based compensation		92			92
Change in accumulated other comprehensive income				440	440
Dividend declared and paid on common stock			(162)		(162)
Conversion of cumulative preferred	(7,077)	7,077
Redemption of cumulative preferred	$ (184)	(8)			(192)
Dividend declared and paid on preferred stock			(238)		(238)
Balance at Sep. 30, 2017		33,081	12,443	(83)	45,441
Balance at Dec. 31, 2017		33,138	13,142	(446)	45,834
Increase (Decrease) in Stockholders' Equity
Net income			3,656		3,656
Stock based compensation		94			94
Change in accumulated other comprehensive income				(489)	(489)
Dividend declared and paid on common stock			(506)		(506)
Balance at Sep. 30, 2018		$ 33,232	16,380	(1,023)	$ 48,589
Increase (Decrease) in Stockholders' Equity
Reclassification of disproportionate tax effect			$ 88	$ (88)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Consolidated Statements of Changes in Stockholders' Equity
Dividend declared and paid on common stock (in dollars per share)	$ 0.20	$ 0.08

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Operating Activities
Net income	$ 3,656	$ 3,137
Items not requiring (providing) cash:
Depreciation	291	337
Provision (credit) for loan losses	90
Amortization of premiums and discounts on securities	164	166
Amortization of core deposit intangible	53	53
Deferred income taxes	(96)	131
Stock based compensation	94	92
BOLI Income	(132)	(132)
Proceeds from sale of mortgage loans held for sale	10,825	11,566
Origination of mortgage loans held for sale	(10,184)	(11,408)
Gains on sales of available-for-sale securities		(48)
Gains on sales of mortgage loans held for sale	(214)	(235)
Loss (gain) on sale premises and equipment	(12)	(10)
Changes in:
Accrued interest receivable	85	117
Other assets	65	(226)
Accrued interest payable and other liabilities	348	(282)
Net cash provided by operating activities	5,033	3,258
Investing Activities
Loan originations and payments, net	3,512	(2,819)
Increase in interest-bearing deposits in other financial institutions	(14,581)	(7,068)
Purchase of premises and equipment	(81)	(64)
Proceeds from maturities of available-for-sale securities	6,528	6,831
Purchase of available-for-sale securities	4,145	4,276
Proceeds from sales of available-for-sale securities		6,498
Proceeds from sales of premises and equipment	12	12
Purchase of FHLB stock	(12)	(28)
Net cash used in investing activities	(8,767)	(914)
Financing Activities
Net change in demand deposits, money market, NOW and savings accounts	11,533	(2,458)
Net change in time deposits	(1,214)	(5,384)
Proceeds from FHLB advances	25,000	39,000
Repayment of FHLB advances	(30,000)	(34,000)
Redemption of preferred stock		(192)
Dividends paid on common stock	(506)	(162)
Dividends paid on preferred stock		(238)
Net cash provided by financing activities	4,813	(3,434)
Increase (Decrease) in Cash and Cash Equivalents	1,079	(1,090)
Cash and Cash Equivalents, Beginning of Year	6,444	8,542
Cash and Cash Equivalents, End of Year	7,523	7,452
Supplemental Cash Flows Information
Interest paid	3,131	2,146
Income taxes paid	$ 740	1,295
Conversion of cumulative preferred stock		$ 7,077

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2018
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 2017 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– On January 1, 2018, the Company adopted ASU 2014-09 Revenue from Contracts with Customers and all subsequent amendments to the ASU (collectively, “ASC 606”), which (i) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (ii) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as OREO. The majority of the Company’s revenues come from interest income related to loans, securities and other sources that are outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 are presented within non-interest income and are recognized as revenue as the Company satisfies its obligation to the customer. Services within the scope of ASC 606 for the three months ended September 30, 2018 include service charges on deposit accounts of $291, debit card interchange income of $220, and non-deposit brokerage fees of $110. Services within the scope of ASC 606 for the nine months ended September 30, 2018 include service charges on deposit accounts of $898, debit card interchange income of $641, and non-deposit brokerage fees of $310. We elected to implement using the modified retrospective application, with the cumulative effect recorded as an adjustment to opening retained earnings at January 1, 2018. Due to immateriality, we had no cumulative effect to record. 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 an 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. Adopting the provisions of ASU 2016-01 did not have a material impact on our consolidated financial statements. The Company currently does not have any equity investments. 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 accounted 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. Based on the leases outstanding at September 30, 2018, we do not expect the new standard to have a material impact on our consolidated financial statements. In September 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 public companies for reporting periods beginning after December 15, 2019. We have attended training sessions and are assessing our data and system needs and evaluating the impact of adopting this new accounting standard. The Company expects to recognize a one-time increase to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of this standard on the consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization of Purchased Callable Debt Securities. The final standard will shorten the amortization period for premiums on callable debt securities by requiring that premiums be amortized to the first (or earliest) call date instead of as an adjustment to the yield over the contractual life. The standard is effective for public companies for fiscal years beginning after December 15, 2018. Early adoption is permitted. This new accounting standard is not expected to have a material impact on the consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The ASU permitted a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the newly enacted federal corporate income tax rate as a result of the Tax Cuts and Jobs Act. The amount of the reclassification is the difference between the historical corporate income tax rate and the newly enacted twenty-one percent corporate income tax rate. The Company adopted during the first quarter of 2018 and recorded an increase to retained earnings and an increase to accumulated other comprehensive loss of approximately $88,000.

Reclassifications

Reclassifications	9 Months Ended
	Sep. 30, 2018
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	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 and December 31, 2017 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 September 30, 2018 U. S. government agencies and government sponsored entities $ 8,608 $ — $ (241) $ 8,367 Agency mortgage-backed securities: residential 18,489 — (571) 17,918 State and municipal 17,756 39 (330) 17,465 Trust preferred security 1,892 — (192) 1,700 Total Available-for-Sale Securities $ 46,745 $ 39 $ (1,334) $ 45,450 December 31, 2017 U. S. government agencies and government sponsored entities $ 1,998 $ — $ (21) $ 1,977 Agency mortgage-backed securities: residential 26,024 14 (227) 25,811 State and municipal 19,381 143 (136) 19,388 Trust preferred security 1,889 — (449) 1,440 Total Available-for-Sale Securities $ 49,292 $ 157 $ (833) $ 48,616 The amortized cost and fair value of investment securities at September 30, 2018 by contractual maturity were as follows. Securities not due at a single maturity date, primarily mortgage-backed securities, are shown separately. September 30, 2018 (Dollars in Thousands) Available-For-Sale Amortized Cost Fair Value Due in one year or less $ 2,941 $ 2,933 Due from one to five years 8,911 8,791 Due from five to ten years 10,752 10,461 Due after ten years 5,652 5,347 Agency mortgage-backed: residential 18,489 17,918 Total $ 46,745 $ 45,450 The following table summarizes the investment securities with unrealized losses by portfolio segment at September 30, 2018 and December 31, 2017, 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 Unrealized Unrealized Unrealized Securities Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2018: U.S. government agencies and government sponsored entities $ 5,949 $ (151) $ 2,281 $ (90) $ 8,230 $ (241) Agency mortgage-backed: residential 10,338 (262) 7,579 (309) 17,917 (571) State and municipal 8,413 (107) 3,637 (223) 12,050 (330) Trust preferred security — — 1,700 (192) 1,700 (192) Total temporarily impaired $ 24,700 $ (520) $ 15,197 $ (814) $ 39,897 $ (1,334) (Dollars in Thousands) Less than 12 Months 12 Months or More Total Description of Unrealized Unrealized Unrealized Securities Fair Value Losses Fair Value Losses Fair Value Losses December 31, 2017: U.S. government agencies and government sponsored entities $ — $ — $ 1,977 $ (21) $ 1,977 $ (21) Agency mortgage-backed: residential 17,798 (113) 4,754 (114) 22,552 (227) State and municipal 8,270 (116) 294 (20) 8,564 (136) Trust preferred security — — 1,440 (449) 1,440 (449) Total temporarily impaired $ 26,068 $ (229) $ 8,465 $ (604) $ 34,533 $ (833) 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. At September 30, 2018, 23.6% 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	9 Months Ended
	Sep. 30, 2018
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) September 30, 2018 December 31, 2017 Commercial $ 60,139 $ 61,221 Commercial real estate: Construction 46,018 44,391 Other 173,699 182,443 Residential real estate 86,864 82,230 Consumer: Auto 937 1,184 Other 3,032 2,770 Total Loans 370,689 374,239 Less: Allowance for loan losses (4,776) (4,724) Net loans $ 365,913 $ 369,515 The following table sets forth an analysis of our allowance for loan losses for the three months ended September 30, 2018 and 2017. (Dollars in Thousands) September 30, 2018 Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 626 $ 3,499 $ 593 $ 10 $ 22 $ 4,750 Provision (credit) for loan losses 14 (3) 6 2 11 30 Loans charged-off — — (6) (2) — (8) Recoveries — — 4 — — 4 Total ending allowance balance $ 640 $ 3,496 $ 597 $ 10 $ 33 $ 4,776 (Dollars in Thousands) September 30, 2017 Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 681 $ 3,622 $ 517 $ 11 $ 67 $ 4,898 Provision (credit) for loan losses (105) (8) 45 29 9 (30) Loans charged-off — — — (23) — (23) Recoveries 3 — 4 — — 7 Total ending allowance balance $ 579 $ 3,614 $ 566 $ 17 $ 76 $ 4,852 The following table sets forth an analysis of our allowance for loan losses for the nine months ended September 30, 2018 and 2017. (Dollars in Thousands) September 30, 2018 Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 633 $ 3,515 $ 554 $ 10 $ 12 $ 4,724 Provision (credit) for loan losses 41 (20) 39 9 21 90 Loans charged-off (37) — (34) (10) — (81) Recoveries 3 1 38 1 — 43 Total ending allowance balance $ 640 $ 3,496 $ 597 $ 10 $ 33 $ 4,776 (Dollars in Thousands) September 30, 2017 Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 615 $ 3,628 $ 527 $ 14 $ 70 $ 4,854 Provision (credit) for loan losses (47) (15) 29 27 6 — Loans charged-off (17) — — (26) — (43) Recoveries 28 1 10 2 — 41 Total ending allowance balance $ 579 $ 3,614 $ 566 $ 17 $ 76 $ 4,852 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 September 30, 2018 and December 31, 2017, which includes net deferred loan fees. As of September 30, 2018 and December 31, 2017, accrued interest receivable of $1.4 million, was not considered significant and therefore not included in the recorded investment in loans presented in the following tables. (Dollars in Thousands) September 30, 2018 Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 352 $ 3 $ — $ — $ 355 Collectively evaluated 640 3,144 594 10 33 4,421 Total ending allowance balance $ 640 $ 3,496 $ 597 $ 10 $ 33 $ 4,776 Loans: Individually evaluated for impairment $ — $ 1,963 $ 174 $ 4 $ — $ 2,141 Collectively evaluated 60,139 217,754 86,690 3,965 — 368,548 Total ending loans balance $ 60,139 $ 219,717 $ 86,864 $ 3,969 $ — $ 370,689 (Dollars in Thousands) December 31, 2017 Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 45 $ — $ — $ — $ 45 Collectively evaluated 633 3,470 554 10 12 4,679 Total ending allowance balance $ 633 $ 3,515 $ 554 $ 10 $ 12 $ 4,724 Loans: Individually evaluated for impairment $ 2 $ 1,393 $ 82 $ 7 $ — $ 1,484 Collectively evaluated 61,219 225,441 82,148 3,947 — 372,755 Total ending loans balance $ 61,221 $ 226,834 $ 82,230 $ 3,954 $ — $ 374,239 The following table presents information related to impaired loans by class of loans as of September 30, 2018 and December 31, 2017. 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) September 30, 2018 December 31, 2017 Unpaid Recorded Allowance for Loan Losses Allocated Unpaid Recorded Allowance With no related allowance recorded: Commercial $ — $ — $ — $ 2 $ 2 $ — Commercial real estate: Other 1,240 1,240 — 1,317 1,317 — Residential real estate 120 120 — 82 82 — Consumer: Other 4 4 — 7 7 — Subtotal $ 1,364 $ 1,364 $ — $ 1,408 $ 1,408 $ — With an allowance recorded: Commercial $ — $ — $ — $ — $ — $ — Commercial real estate: Other 723 723 352 76 76 45 Residential real estate 54 54 3 — — — Consumer: Other — — — — — — Subtotal $ 777 $ 777 $ 355 $ 76 $ 76 $ 45 Total $ 2,141 $ 2,141 $ 355 $ 1,484 $ 1,484 $ 45 Information on impaired loans for the three months ended September 30, 2018 and 2017 is as follows: (Dollars in Thousands) (Dollars in Thousands) September 30, 2018 September 30, 2017 Average Interest Cash Basis Average Interest Cash B asis Commercial $ — $ — $ — $ 104 $ 2 $ — Commercial real estate: Construction — — — — — — Other 2,001 20 7 3,310 31 24 Residential real estate 175 1 1 220 2 1 Consumer: Auto — — — — — — Other 4 — — 9 — — Total $ 2,180 $ 21 $ 8 $ 3,643 $ 35 $ 25 Information on impaired loans for the nine months ended September 30, 2018 and 2017 is as follows: (Dollars in Thousands) (Dollars in Thousands) September 30, 2018 September 30, 2017 Average Recorded Investment Interest Income Recognized Cash Basis Average Interest Cash Basis Commercial $ — $ — $ — $ 105 $ 3 $ 2 Commercial real estate: Construction — — — — — — Other 2,067 52 2 3,318 88 48 Residential real estate 174 4 1 222 6 4 Consumer: Auto — — — — — — Other 5 — — 10 1 1 Total $ 2,246 $ 56 $ 3 $ 3,655 $ 98 $ 55 The recorded investment in nonaccrual and loans past due 90 days and over still on accrual by class of loans as of September 30, 2018 and December 31, 2017 are summarized below: (Dollars in Thousands) (Dollars in Thousands) September 30, 2018 December 31, 2017 Loans Past Due Nonaccrual Loans Past Due Nonaccrual Commercial real estate: Other — 1,892 — 1,317 Residential real estate — 122 — 27 Total $ — $ 2,014 $ — $ 1,344 Nonaccrual loans and loans past due 90 days and over still on accrual include individually classified impaired loans. The following tables present the aging of the recorded investment in past due loans as of September 30, 2018 and December 31, 2017 by class of loans. Non-accrual loans are included and have been categorized based on their payment status: (Dollars in Thousands) 30-59 60-89 90 and Over Days Past Due Total Past Current Total September 30, 2018 Commercial $ 85 $ — $ — $ 85 $ 60,054 $ 60,139 Commercial real estate: Construction — — — — 46,018 46,018 Other 71 — 652 723 172,976 173,699 Residential real estate 93 256 122 471 86,393 86,864 Consumer: Auto — — — — 937 937 Other — — — — 3,032 3,032 Subtotal $ 249 $ 256 $ 774 $ 1,279 $ 369,410 $ 370,689 (Dollars in Thousands) 30-59 60-89 90 and Over Total Past Current Total December 31, 2017 Commercial $ 9 $ — $ — $ 9 $ 61,212 $ 61,221 Commercial real estate: Construction — — — — 44,391 44,391 Other — — — — 182,443 182,443 Residential real estate 90 — 27 117 82,113 82,230 Consumer: Auto — — — — 1,184 1,184 Other 3 — — 3 2,767 2,770 Subtotal $ 102 $ — $ 27 $ 129 $ 374,110 $ 374,239 Troubled Debt Restructurings: The Company reported total troubled debt restructurings of $1.4 million and $1.5 million as of September 30, 2018 and December 31, 2017, 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 five troubled debt restructurings reported at quarter end, three loans totaling $127,000 were on accrual status and two loans totaling $1.2 million were on non-accrual status. There were no troubled debt restructurings that occurred during the three months ended September 30, 2018 and 2017. The following table presents loans by class modified as troubled debt restructurings that occurred during the nine months ended September 30, 2018 and 2017. (Dollars in Thousands) (Dollars in Thousands) Number Pre- Post- Number Pre- Post-Modification Outstanding Recorded September 30, 2018 September 30, 2017 Troubled Debt Restructurings: Commercial — $ — $ — 1 $ 5 $ 5 Total — $ — $ — 1 $ 5 $ 5 Specific allocations of $48,000 and $188,000 were reported for troubled debt restructurings as of September 30, 2018 and September 30, 2017. For the three and nine months ended September 30, 2018 no payment defaults or charge-offs were reported for troubled debt restructurings made during the prior 12 months, and for the three and nine months ended September 30, 2017, no payment defaults or charge-offs were reported for the troubled debt restructurings made during the prior 12 months. The terms of certain other loans were modified during the nine months ended September 30, 2018 and 2017 that did not meet the definition of a troubled debt restructuring. These loans modified during the nine months ended September 30, 2018 have a total recorded investment of $21.7 million as of September 30, 2018. The loans modified during the nine months ended September 30, 2017 had a total recorded investment of $19.8 million as of September 30, 2017. 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: (Dollars in Thousands) Pass Special Substandard Doubtful Total September 30, 2018 Commercial $ 59,512 $ — $ 627 $ — $ 60,139 Commercial real estate: Construction 46,018 — — — 46,018 Other 171,617 — 2,082 — 173,699 Residential real estate 86,759 — 105 — 86,864 Consumer: Auto 937 — — — 937 Other 3,023 — 9 — 3,032 Total $ 367,866 $ — $ 2,823 $ — $ 370,689 (Dollars in Thousands) Pass Special Substandard Doubtful Total December 31, 2017 Commercial $ 60,306 $ — $ 915 $ — $ 61,221 Commercial real estate: Construction 44,391 — — — 44,391 Other 178,462 703 3,278 — 182,443 Residential real estate 82,148 55 27 — 82,230 Consumer: Auto 1,184 — — — 1,184 Other 2,762 — 8 — 2,770 Total $ 369,253 $ 758 $ 4,228 $ — $ 374,239

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2018
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) September 30, 2018 December 31, 2017 Quoted Significant Significant Quoted Significant Significant Assets: Securities available-for-sale U. S. government agencies and government sponsored entities — $ 8,367 — — $ 1,977 — Agency mortgage-backed securities-residential — 17,918 — — 25,811 — State and municipal — 17,465 — — 19,388 — Trust preferred security — — 1,700 — — 1,440 Corporate bonds — — — — — — Total investment securities $ — $ 43,750 $ 1,700 $ — $ 47,176 $ 1,440 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 nine months ended September 30: Trust Preferred Security 2018 2017 Balance of recurring Level 3 assets at January 1 $ 1,440 $ 1,240 Total gains or (losses) for the period included in other comprehensive income 260 160 Balance of recurring Level 3 assets at September 30 $ 1,700 $ 1,400 As of September 30, 2018, there were impaired loans with a fair value totaling $400,000 measured using significant unobservable inputs (level 3). These loans had adjustments using sales comparison valuation techniques for limited used nature of certain properties, age of appraisal, location, and/or condition. There were no financial assets measured at fair value on a non-recurring basis as of December 31, 2017. The following table presents quantitative and qualitative information about Level 3 fair value measurements for financial instruments measured on a non-recurring basis at September 30, 2018. September 30, 2018 Valuation Unobservable Inputs (Dollars in thousands) Range (Weighted Avg) Impaired loans: Commercial RE 348 Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition (22.69) % Residential RE 52 Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition (20.00) % Impaired loans, which are measured for impairment using the fair value of collateral for collateral dependent loans, had a principal balance of $707,000 at September 30, 2018 with a valuation allowance of $307,000, resulting in an allocated provision for loan losses of $307,000 in the nine months ending September 30, 2018. There were no loans measured for impairment using the fair value of collateral dependent loans, no valuation allowance, and no resulting provision for loan losses as of December 31, 2017. There was no other real estate owned to measure at fair value at September 30, 2018 or December 31, 2017. No writedowns of other real estate owned were taken in the nine months ended September 30, 2018 or September 30, 2017. The carrying amount and estimated fair values of financial instruments at September 30, 2018 and December 31, 2017 were as follows: Fair Value Measurements at September 30, 2018 Carrying Level 1 Level 2 Level 3 Total Financial Assets Cash and due from financial institutions $ 7,523 $ 7,523 $ — $ — $ 7,523 Interest-bearing deposits in other financial institutions 28,113 28,113 — — 28,113 Available-for-sale-securities 45,450 — 43,750 1,700 45,450 Loans, net of allowance 365,913 — — 357,877 357,877 Loans held for sale — — — — — Accrued interest receivable 1,596 10 230 1,356 1,596 Federal Home Loan Bank stock 2,065 — — — N/A Financial Liabilities Demand and savings deposits $ 239,879 $ 239,879 $ — $ — $ 239,879 Time deposits 142,754 — 140,664 — 140,664 FHLB advances 35,000 — 34,724 — 34,724 Subordinated debentures 5,000 — — 2,543 2,543 Accrued interest payable 360 19 289 52 360 Fair Value Measurements at December 31, 2017 Carrying Level 1 Level 2 Level 3 Total Financial Assets Cash and due from financial institutions $ 6,444 $ 6,444 $ — $ — $ 6,444 Interest-bearing deposits in other financial institutions 13,532 13,532 — — 13,532 Available-for-sale-securities 48,616 — 47,176 1,440 48,616 Loans, net of allowance 369,515 — — 367,159 367,159 Loans held for sale 427 — 435 — 435 Accrued interest receivable 1,681 18 234 1,429 1,681 Federal Home Loan Bank stock 2,053 — — — N/A Financial Liabilities Demand and savings deposits $ 228,346 $ 228,346 $ — $ — $ 228,346 Time deposits 143,968 — 142,440 — 142,440 FHLB advances 40,000 — 39,776 — 39,776 Subordinated debentures 5,000 — — 2,543 2,543 Accrued interest payable 285 14 232 39 285 The methods and assumptions used to estimate fair value are described as follows: (a) Cash and due from financial institutions: 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, resulting in a Level 1 classification. (c) Loans, net: At September 30, 2018, fair values of loans, excluding loans held for sale, are determined using an estimated exit price. Contractual cash flow estimates are projected using a loan's balance, interest rate, repricing characteristics, maturity and payment amounts. Loans are grouped into homogenous pools for valuation purposes based on type and credit risk metrics. Contractual cash flows are adjusted for potential prepayment estimates, as well as potential defaults over the expected life of each pool. A discount rate is determined based upon current financial conditions and the nature of the cash flow forecast. The resulting exit price for the portfolio is a Level 3 classification. Impaired loans are valued at the lower of cost or fair value as described previously. At December 31, 2017, fair values of loans, excluding loans held for sale, was estimated as follows: For variable rate loans that reprice frequently and with no significant change in credit risk, fair values were based on carrying values resulting in a Level 3 classification. Fair values for other loans were estimated using discounted cash flow analyses, using interest rates 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 fair value as described previously. The methods utilized to estimate the fair value of loans did not necessarily represent an exit price. (d) Loans Held for Sale: The fair value of loans held for sale is estimated based upon binding contracts and quotes from third party investors resulting in a Level 2 classification. (e) FHLB Stock: It is not practical to determine the fair value of FHLB stock due to restrictions placed on its transferability. (f) 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. (g) 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. (h) 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	9 Months Ended
	Sep. 30, 2018
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 performance share units and convertible preferred stock, if dilutive. The following table reconciles the basic and diluted earnings per share computations for the three months and nine months ended September 30, 2018 and 2017. 2018 2017 Quarter ended September 30, 2018 Quarter ended September 30, 2017 Weighted Per Weighted Per Average Share Average Share Income Shares Amount Income Shares Amount Net income $ 1,198 $ 1,122 Dividends on preferred stock — — Basic earnings per share: $ 1,198 2,537,605 $ 0.47 $ 1,122 2,526,377 $ 0.44 Effect of dilutive securities Performance share units — 9,923 — 12,524 Convertible preferred stock — — — — Diluted earnings per share: Net income available to common stockholders and assumed conversions $ 1,198 2,547,528 $ 0.47 $ 1,122 2,538,901 $ 0.44 (Dollars in Thousands) Nine months ended September 30, 2018 Nine months ended September 30, 2017 Weighted Weighted Average Per Share Average Per Share Income Shares Amount Income Shares Amount Basic earnings per share: Net income $ 3,656 $ 3,137 Dividends on preferred stock — (238) Net income available to common shareholders $ 3,656 2,533,077 $ 1.44 $ 2,899 2,216,052 $ 1.30 Effect of dilutive securities: Performance share units — 9,851 — 12,031 Convertible preferred stock — — 238 319,325 Diluted earnings per share: Net income available to common stockholders and assumed conversions $ 3,656 2,542,928 $ 1.44 $ 3,137 2,547,408 $ 1.23

Regulatory Capital Matters

Regulatory Capital Matters	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 and December 31, 2017, the Company and Citizens First Bank 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. 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 is 1.875% as of September 30, 2018. 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. (Dollars in Thousands) To Be Well Capitalized For Capital Adequacy Under Prompt Corrective Actual Purposes (1) Action Provisions September 30, 2018 Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk-Weighted Assets) Consolidated $ 55,399 14.14 % $ 31,347 8.00 % N/A N/A Citizens First Bank, Inc. 54,355 13.88 % 31,332 8.00 % $ 39,165 10.00 % Tier I Capital (to Risk-Weighted Assets) Consolidated 50,624 12.92 % 23,511 6.00 % N/A N/A Citizens First Bank, Inc. 49,579 12.66 % 23,499 6.00 % 31,332 8.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) Consolidated 45,624 11.64 % 17,633 4.50 % N/A N/A Citizens First Bank, Inc. 49,579 12.66 % 17,624 4.50 % 25,457 6.50 % Tier I Leverage Capital to average assets Consolidated 50,624 10.58 % 19,141 4.00 % N/A N/A Citizens First Bank, Inc. 49,579 10.35 % 19,168 4.00 % 23,960 5.0 % (Dollars in Thousands) To Be Well Capitalized For Capital Adequacy Under Prompt Corrective Actual Purposes (1) Action Provisions December 31, 2017 Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk-Weighted Assets) Consolidated $ 51,988 13.07 % $ 31,823 8.00 % N/A N/A Citizens First Bank, Inc. 51,112 12.86 % 31,802 8.00 % $ 39,753 10.00 % Tier I Capital (to Risk-Weighted Assets) Consolidated 47,264 11.88 % 23,867 6.00 % N/A N/A Citizens First Bank, Inc. 46,388 11.67 % 23,852 6.00 % 31,802 8.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) Consolidated 42,502 10.68 % 17,900 4.50 % N/A N/A Citizens First Bank, Inc. 46,388 11.67 % 17,889 4.50 % 25,839 6.50 % Tier I Leverage Capital to average assets Consolidated 47,264 10.31 % 18,343 4.00 % N/A N/A Citizens First Bank, Inc. 46,388 10.14 % 18,301 4.00 % 22,876 5.0 % (1) When fully phased-in on January 1, 2019, Basel III Capital Rules will require banking organizations to maintain: a minimum ratio of common equity Tier 1 to risk-weighted assets of at least 4.5%, plus a 2.5% “capital conservation buffer”; a minimum ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the 2.5% capital conservation buffer; a minimum ratio of total capital to risk-weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer; and a minimum ratio of Tier 1 capital to adjusted average consolidated assets of at least 4.0%.

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2018
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 2017 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– On January 1, 2018, the Company adopted ASU 2014-09 Revenue from Contracts with Customers and all subsequent amendments to the ASU (collectively, “ASC 606”), which (i) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (ii) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as OREO. The majority of the Company’s revenues come from interest income related to loans, securities and other sources that are outside the scope of ASC 606. The Company’s services that fall within the scope of ASC 606 are presented within non-interest income and are recognized as revenue as the Company satisfies its obligation to the customer. Services within the scope of ASC 606 for the three months ended September 30, 2018 include service charges on deposit accounts of $291, debit card interchange income of $220, and non-deposit brokerage fees of $110. Services within the scope of ASC 606 for the nine months ended September 30, 2018 include service charges on deposit accounts of $898, debit card interchange income of $641, and non-deposit brokerage fees of $310. We elected to implement using the modified retrospective application, with the cumulative effect recorded as an adjustment to opening retained earnings at January 1, 2018. Due to immateriality, we had no cumulative effect to record. 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 an 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. Adopting the provisions of ASU 2016-01 did not have a material impact on our consolidated financial statements. The Company currently does not have any equity investments. 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 accounted 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. Based on the leases outstanding at September 30, 2018, we do not expect the new standard to have a material impact on our consolidated financial statements. In September 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 public companies for reporting periods beginning after December 15, 2019. We have attended training sessions and are assessing our data and system needs and evaluating the impact of adopting this new accounting standard. The Company expects to recognize a one-time increase to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of this standard on the consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-08, Receivables - Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization of Purchased Callable Debt Securities. The final standard will shorten the amortization period for premiums on callable debt securities by requiring that premiums be amortized to the first (or earliest) call date instead of as an adjustment to the yield over the contractual life. The standard is effective for public companies for fiscal years beginning after December 15, 2018. Early adoption is permitted. This new accounting standard is not expected to have a material impact on the consolidated financial statements. In February 2018, the FASB issued ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The ASU permitted a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the newly enacted federal corporate income tax rate as a result of the Tax Cuts and Jobs Act. The amount of the reclassification is the difference between the historical corporate income tax rate and the newly enacted twenty-one percent corporate income tax rate. The Company adopted during the first quarter of 2018 and recorded an increase to retained earnings and an increase to accumulated other comprehensive loss of approximately $88,000.

Available-For-Sale Securities (

Available-For-Sale Securities (Tables)	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 U. S. government agencies and government sponsored entities $ 8,608 $ — $ (241) $ 8,367 Agency mortgage-backed securities: residential 18,489 — (571) 17,918 State and municipal 17,756 39 (330) 17,465 Trust preferred security 1,892 — (192) 1,700 Total Available-for-Sale Securities $ 46,745 $ 39 $ (1,334) $ 45,450 December 31, 2017 U. S. government agencies and government sponsored entities $ 1,998 $ — $ (21) $ 1,977 Agency mortgage-backed securities: residential 26,024 14 (227) 25,811 State and municipal 19,381 143 (136) 19,388 Trust preferred security 1,889 — (449) 1,440 Total Available-for-Sale Securities $ 49,292 $ 157 $ (833) $ 48,616
Summary of the amortized cost and fair value of investment securities by contractual maturity	September 30, 2018 (Dollars in Thousands) Available-For-Sale Amortized Cost Fair Value Due in one year or less $ 2,941 $ 2,933 Due from one to five years 8,911 8,791 Due from five to ten years 10,752 10,461 Due after ten years 5,652 5,347 Agency mortgage-backed: residential 18,489 17,918 Total $ 46,745 $ 45,450
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 Unrealized Unrealized Unrealized Securities Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2018: U.S. government agencies and government sponsored entities $ 5,949 $ (151) $ 2,281 $ (90) $ 8,230 $ (241) Agency mortgage-backed: residential 10,338 (262) 7,579 (309) 17,917 (571) State and municipal 8,413 (107) 3,637 (223) 12,050 (330) Trust preferred security — — 1,700 (192) 1,700 (192) Total temporarily impaired $ 24,700 $ (520) $ 15,197 $ (814) $ 39,897 $ (1,334) (Dollars in Thousands) Less than 12 Months 12 Months or More Total Description of Unrealized Unrealized Unrealized Securities Fair Value Losses Fair Value Losses Fair Value Losses December 31, 2017: U.S. government agencies and government sponsored entities $ — $ — $ 1,977 $ (21) $ 1,977 $ (21) Agency mortgage-backed: residential 17,798 (113) 4,754 (114) 22,552 (227) State and municipal 8,270 (116) 294 (20) 8,564 (136) Trust preferred security — — 1,440 (449) 1,440 (449) Total temporarily impaired $ 26,068 $ (229) $ 8,465 $ (604) $ 34,533 $ (833)

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2018
Loans and Allowance for Loan Losses
Schedule of categories of loans	(Dollars in Thousands) September 30, 2018 December 31, 2017 Commercial $ 60,139 $ 61,221 Commercial real estate: Construction 46,018 44,391 Other 173,699 182,443 Residential real estate 86,864 82,230 Consumer: Auto 937 1,184 Other 3,032 2,770 Total Loans 370,689 374,239 Less: Allowance for loan losses (4,776) (4,724) Net loans $ 365,913 $ 369,515
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 ended September 30, 2018 and 2017. (Dollars in Thousands) September 30, 2018 Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 626 $ 3,499 $ 593 $ 10 $ 22 $ 4,750 Provision (credit) for loan losses 14 (3) 6 2 11 30 Loans charged-off — — (6) (2) — (8) Recoveries — — 4 — — 4 Total ending allowance balance $ 640 $ 3,496 $ 597 $ 10 $ 33 $ 4,776 (Dollars in Thousands) September 30, 2017 Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 681 $ 3,622 $ 517 $ 11 $ 67 $ 4,898 Provision (credit) for loan losses (105) (8) 45 29 9 (30) Loans charged-off — — — (23) — (23) Recoveries 3 — 4 — — 7 Total ending allowance balance $ 579 $ 3,614 $ 566 $ 17 $ 76 $ 4,852 The following table sets forth an analysis of our allowance for loan losses for the nine months ended September 30, 2018 and 2017. (Dollars in Thousands) September 30, 2018 Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 633 $ 3,515 $ 554 $ 10 $ 12 $ 4,724 Provision (credit) for loan losses 41 (20) 39 9 21 90 Loans charged-off (37) — (34) (10) — (81) Recoveries 3 1 38 1 — 43 Total ending allowance balance $ 640 $ 3,496 $ 597 $ 10 $ 33 $ 4,776 (Dollars in Thousands) September 30, 2017 Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total Allowance for loan losses: Beginning balance $ 615 $ 3,628 $ 527 $ 14 $ 70 $ 4,854 Provision (credit) for loan losses (47) (15) 29 27 6 — Loans charged-off (17) — — (26) — (43) Recoveries 28 1 10 2 — 41 Total ending allowance balance $ 579 $ 3,614 $ 566 $ 17 $ 76 $ 4,852
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) September 30, 2018 Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 352 $ 3 $ — $ — $ 355 Collectively evaluated 640 3,144 594 10 33 4,421 Total ending allowance balance $ 640 $ 3,496 $ 597 $ 10 $ 33 $ 4,776 Loans: Individually evaluated for impairment $ — $ 1,963 $ 174 $ 4 $ — $ 2,141 Collectively evaluated 60,139 217,754 86,690 3,965 — 368,548 Total ending loans balance $ 60,139 $ 219,717 $ 86,864 $ 3,969 $ — $ 370,689 (Dollars in Thousands) December 31, 2017 Commercial Commercial Real Estate Residential Real Estate Consumer Unallocated Total Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ — $ 45 $ — $ — $ — $ 45 Collectively evaluated 633 3,470 554 10 12 4,679 Total ending allowance balance $ 633 $ 3,515 $ 554 $ 10 $ 12 $ 4,724 Loans: Individually evaluated for impairment $ 2 $ 1,393 $ 82 $ 7 $ — $ 1,484 Collectively evaluated 61,219 225,441 82,148 3,947 — 372,755 Total ending loans balance $ 61,221 $ 226,834 $ 82,230 $ 3,954 $ — $ 374,239
Schedule of impaired loans by class of loans	(Dollars in Thousands) (Dollars in Thousands) September 30, 2018 December 31, 2017 Unpaid Recorded Allowance for Loan Losses Allocated Unpaid Recorded Allowance With no related allowance recorded: Commercial $ — $ — $ — $ 2 $ 2 $ — Commercial real estate: Other 1,240 1,240 — 1,317 1,317 — Residential real estate 120 120 — 82 82 — Consumer: Other 4 4 — 7 7 — Subtotal $ 1,364 $ 1,364 $ — $ 1,408 $ 1,408 $ — With an allowance recorded: Commercial $ — $ — $ — $ — $ — $ — Commercial real estate: Other 723 723 352 76 76 45 Residential real estate 54 54 3 — — — Consumer: Other — — — — — — Subtotal $ 777 $ 777 $ 355 $ 76 $ 76 $ 45 Total $ 2,141 $ 2,141 $ 355 $ 1,484 $ 1,484 $ 45 Information on impaired loans for the three months ended September 30, 2018 and 2017 is as follows: (Dollars in Thousands) (Dollars in Thousands) September 30, 2018 September 30, 2017 Average Interest Cash Basis Average Interest Cash B asis Commercial $ — $ — $ — $ 104 $ 2 $ — Commercial real estate: Construction — — — — — — Other 2,001 20 7 3,310 31 24 Residential real estate 175 1 1 220 2 1 Consumer: Auto — — — — — — Other 4 — — 9 — — Total $ 2,180 $ 21 $ 8 $ 3,643 $ 35 $ 25 Information on impaired loans for the nine months ended September 30, 2018 and 2017 is as follows: (Dollars in Thousands) (Dollars in Thousands) September 30, 2018 September 30, 2017 Average Recorded Investment Interest Income Recognized Cash Basis Average Interest Cash Basis Commercial $ — $ — $ — $ 105 $ 3 $ 2 Commercial real estate: Construction — — — — — — Other 2,067 52 2 3,318 88 48 Residential real estate 174 4 1 222 6 4 Consumer: Auto — — — — — — Other 5 — — 10 1 1 Total $ 2,246 $ 56 $ 3 $ 3,655 $ 98 $ 55
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) September 30, 2018 December 31, 2017 Loans Past Due Nonaccrual Loans Past Due Nonaccrual Commercial real estate: Other — 1,892 — 1,317 Residential real estate — 122 — 27 Total $ — $ 2,014 $ — $ 1,344
Schedule of aging of the recorded investment in past due loans by class of loans	(Dollars in Thousands) 30-59 60-89 90 and Over Days Past Due Total Past Current Total September 30, 2018 Commercial $ 85 $ — $ — $ 85 $ 60,054 $ 60,139 Commercial real estate: Construction — — — — 46,018 46,018 Other 71 — 652 723 172,976 173,699 Residential real estate 93 256 122 471 86,393 86,864 Consumer: Auto — — — — 937 937 Other — — — — 3,032 3,032 Subtotal $ 249 $ 256 $ 774 $ 1,279 $ 369,410 $ 370,689 (Dollars in Thousands) 30-59 60-89 90 and Over Total Past Current Total December 31, 2017 Commercial $ 9 $ — $ — $ 9 $ 61,212 $ 61,221 Commercial real estate: Construction — — — — 44,391 44,391 Other — — — — 182,443 182,443 Residential real estate 90 — 27 117 82,113 82,230 Consumer: Auto — — — — 1,184 1,184 Other 3 — — 3 2,767 2,770 Subtotal $ 102 $ — $ 27 $ 129 $ 374,110 $ 374,239
Schedule of loans by class modified as troubled debt restructurings	There were no troubled debt restructurings that occurred during the three months ended September 30, 2018 and 2017. The following table presents loans by class modified as troubled debt restructurings that occurred during the nine months ended September 30, 2018 and 2017. (Dollars in Thousands) (Dollars in Thousands) Number Pre- Post- Number Pre- Post-Modification Outstanding Recorded September 30, 2018 September 30, 2017 Troubled Debt Restructurings: Commercial — $ — $ — 1 $ 5 $ 5 Total — $ — $ — 1 $ 5 $ 5
Schedule of risk category of loans by class of loans based on the most recent analyses performed	(Dollars in Thousands) Pass Special Substandard Doubtful Total September 30, 2018 Commercial $ 59,512 $ — $ 627 $ — $ 60,139 Commercial real estate: Construction 46,018 — — — 46,018 Other 171,617 — 2,082 — 173,699 Residential real estate 86,759 — 105 — 86,864 Consumer: Auto 937 — — — 937 Other 3,023 — 9 — 3,032 Total $ 367,866 $ — $ 2,823 $ — $ 370,689 (Dollars in Thousands) Pass Special Substandard Doubtful Total December 31, 2017 Commercial $ 60,306 $ — $ 915 $ — $ 61,221 Commercial real estate: Construction 44,391 — — — 44,391 Other 178,462 703 3,278 — 182,443 Residential real estate 82,148 55 27 — 82,230 Consumer: Auto 1,184 — — — 1,184 Other 2,762 — 8 — 2,770 Total $ 369,253 $ 758 $ 4,228 $ — $ 374,239

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2018
Fair Value Measurements
Schedule of assets measured at fair value on a recurring basis	Fair Value Measurements at: (Dollars in Thousands) (Dollars in Thousands) September 30, 2018 December 31, 2017 Quoted Significant Significant Quoted Significant Significant Assets: Securities available-for-sale U. S. government agencies and government sponsored entities — $ 8,367 — — $ 1,977 — Agency mortgage-backed securities-residential — 17,918 — — 25,811 — State and municipal — 17,465 — — 19,388 — Trust preferred security — — 1,700 — — 1,440 Corporate bonds — — — — — — Total investment securities $ — $ 43,750 $ 1,700 $ — $ 47,176 $ 1,440
Schedule of reconciliation of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	Trust Preferred Security 2018 2017 Balance of recurring Level 3 assets at January 1 $ 1,440 $ 1,240 Total gains or (losses) for the period included in other comprehensive income 260 160 Balance of recurring Level 3 assets at September 30 $ 1,700 $ 1,400
Schedule of quantitative and qualitative information about Level 3 fair value measurements for financial instruments measured on a non-recurring basis	September 30, 2018 Valuation Unobservable Inputs (Dollars in thousands) Range (Weighted Avg) Impaired loans: Commercial RE 348 Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition (22.69) % Residential RE 52 Sales Comparison Adjustments for limited use nature of certain properties, age of appraisal, location, and/or condition (20.00) %
Schedule of carrying amount and estimated fair values of financial instruments	Fair Value Measurements at September 30, 2018 Carrying Level 1 Level 2 Level 3 Total Financial Assets Cash and due from financial institutions $ 7,523 $ 7,523 $ — $ — $ 7,523 Interest-bearing deposits in other financial institutions 28,113 28,113 — — 28,113 Available-for-sale-securities 45,450 — 43,750 1,700 45,450 Loans, net of allowance 365,913 — — 357,877 357,877 Loans held for sale — — — — — Accrued interest receivable 1,596 10 230 1,356 1,596 Federal Home Loan Bank stock 2,065 — — — N/A Financial Liabilities Demand and savings deposits $ 239,879 $ 239,879 $ — $ — $ 239,879 Time deposits 142,754 — 140,664 — 140,664 FHLB advances 35,000 — 34,724 — 34,724 Subordinated debentures 5,000 — — 2,543 2,543 Accrued interest payable 360 19 289 52 360 Fair Value Measurements at December 31, 2017 Carrying Level 1 Level 2 Level 3 Total Financial Assets Cash and due from financial institutions $ 6,444 $ 6,444 $ — $ — $ 6,444 Interest-bearing deposits in other financial institutions 13,532 13,532 — — 13,532 Available-for-sale-securities 48,616 — 47,176 1,440 48,616 Loans, net of allowance 369,515 — — 367,159 367,159 Loans held for sale 427 — 435 — 435 Accrued interest receivable 1,681 18 234 1,429 1,681 Federal Home Loan Bank stock 2,053 — — — N/A Financial Liabilities Demand and savings deposits $ 228,346 $ 228,346 $ — $ — $ 228,346 Time deposits 143,968 — 142,440 — 142,440 FHLB advances 40,000 — 39,776 — 39,776 Subordinated debentures 5,000 — — 2,543 2,543 Accrued interest payable 285 14 232 39 285

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share
Schedule of reconciliation of basic and diluted earnings per share computations	2018 2017 Quarter ended September 30, 2018 Quarter ended September 30, 2017 Weighted Per Weighted Per Average Share Average Share Income Shares Amount Income Shares Amount Net income $ 1,198 $ 1,122 Dividends on preferred stock — — Basic earnings per share: $ 1,198 2,537,605 $ 0.47 $ 1,122 2,526,377 $ 0.44 Effect of dilutive securities Performance share units — 9,923 — 12,524 Convertible preferred stock — — — — Diluted earnings per share: Net income available to common stockholders and assumed conversions $ 1,198 2,547,528 $ 0.47 $ 1,122 2,538,901 $ 0.44 (Dollars in Thousands) Nine months ended September 30, 2018 Nine months ended September 30, 2017 Weighted Weighted Average Per Share Average Per Share Income Shares Amount Income Shares Amount Basic earnings per share: Net income $ 3,656 $ 3,137 Dividends on preferred stock — (238) Net income available to common shareholders $ 3,656 2,533,077 $ 1.44 $ 2,899 2,216,052 $ 1.30 Effect of dilutive securities: Performance share units — 9,851 — 12,031 Convertible preferred stock — — 238 319,325 Diluted earnings per share: Net income available to common stockholders and assumed conversions $ 3,656 2,542,928 $ 1.44 $ 3,137 2,547,408 $ 1.23

Regulatory Capital Matters (Tab

Regulatory Capital Matters (Tables)	9 Months Ended
	Sep. 30, 2018
Regulatory Capital Matters
Schedule of the Company's and the Bank's actual capital amounts and ratios	(Dollars in Thousands) To Be Well Capitalized For Capital Adequacy Under Prompt Corrective Actual Purposes (1) Action Provisions September 30, 2018 Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk-Weighted Assets) Consolidated $ 55,399 14.14 % $ 31,347 8.00 % N/A N/A Citizens First Bank, Inc. 54,355 13.88 % 31,332 8.00 % $ 39,165 10.00 % Tier I Capital (to Risk-Weighted Assets) Consolidated 50,624 12.92 % 23,511 6.00 % N/A N/A Citizens First Bank, Inc. 49,579 12.66 % 23,499 6.00 % 31,332 8.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) Consolidated 45,624 11.64 % 17,633 4.50 % N/A N/A Citizens First Bank, Inc. 49,579 12.66 % 17,624 4.50 % 25,457 6.50 % Tier I Leverage Capital to average assets Consolidated 50,624 10.58 % 19,141 4.00 % N/A N/A Citizens First Bank, Inc. 49,579 10.35 % 19,168 4.00 % 23,960 5.0 % (Dollars in Thousands) To Be Well Capitalized For Capital Adequacy Under Prompt Corrective Actual Purposes (1) Action Provisions December 31, 2017 Amount Ratio Amount Ratio Amount Ratio Total Capital (to Risk-Weighted Assets) Consolidated $ 51,988 13.07 % $ 31,823 8.00 % N/A N/A Citizens First Bank, Inc. 51,112 12.86 % 31,802 8.00 % $ 39,753 10.00 % Tier I Capital (to Risk-Weighted Assets) Consolidated 47,264 11.88 % 23,867 6.00 % N/A N/A Citizens First Bank, Inc. 46,388 11.67 % 23,852 6.00 % 31,802 8.00 % Common Equity Tier I Capital (to Risk-Weighted Assets) Consolidated 42,502 10.68 % 17,900 4.50 % N/A N/A Citizens First Bank, Inc. 46,388 11.67 % 17,889 4.50 % 25,839 6.50 % Tier I Leverage Capital to average assets Consolidated 47,264 10.31 % 18,343 4.00 % N/A N/A Citizens First Bank, Inc. 46,388 10.14 % 18,301 4.00 % 22,876 5.0 % (1) When fully phased-in on January 1, 2019, Basel III Capital Rules will require banking organizations to maintain: a minimum ratio of common equity Tier 1 to risk-weighted assets of at least 4.5%, plus a 2.5% “capital conservation buffer”; a minimum ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the 2.5% capital conservation buffer; a minimum ratio of total capital to risk-weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer; and a minimum ratio of Tier 1 capital to adjusted average consolidated assets of at least 4.0%.

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2018	Dec. 31, 2017
Nature of Operations and Summary of Significant Accounting Policies
Service charges on deposit accounts	$ 291	$ 898
Debit card interchange income	220	641
Non-deposit brokerage fees	110	310
Cumulative effect	$ 16,380	$ 16,380	$ 13,142
Statutory rate (as a percent)		21.00%

Available-For-Sale Securities -

Available-For-Sale Securities - Amortized Cost and Fair Value with Gross Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Amortized cost and fair value of the available for sale investment securities portfolio
Amortized Cost	$ 46,745	$ 49,292
Gross Unrealized Gains	39	157
Gross Unrealized Losses	(1,334)	(833)
Fair value of securities	45,450	48,616
U. S. government agencies and government sponsored entities
Amortized cost and fair value of the available for sale investment securities portfolio
Amortized Cost	8,608	1,998
Gross Unrealized Losses	(241)	(21)
Fair value of securities	8,367	1,977
Agency mortgage-backed securities: residential
Amortized cost and fair value of the available for sale investment securities portfolio
Amortized Cost	18,489	26,024
Gross Unrealized Gains		14
Gross Unrealized Losses	(571)	(227)
Fair value of securities	17,918	25,811
State and municipal
Amortized cost and fair value of the available for sale investment securities portfolio
Amortized Cost	17,756	19,381
Gross Unrealized Gains	39	143
Gross Unrealized Losses	(330)	(136)
Fair value of securities	17,465	19,388
Trust preferred security
Amortized cost and fair value of the available for sale investment securities portfolio
Amortized Cost	1,892	1,889
Gross Unrealized Losses	(192)	(449)
Fair value of securities	$ 1,700	$ 1,440

Available-For-Sale Securities_2

Available-For-Sale Securities - Amortized Cost and Fair Value of Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Amortized Cost
Due in one year or less	$ 2,941
Due from one to five years	8,911
Due from five to ten years	10,752
Due after ten years	5,652
Agency mortgage-backed: residential	18,489
Amortized Cost	46,745	$ 49,292
Fair Value
Due in one year or less	2,933
Due from one to five years	8,791
Due from five to ten years	10,461
Due after ten years	5,347
Agency mortgage-backed: residential	17,918
Fair Value	$ 45,450	$ 48,616

Available-For-Sale Securities_3

Available-For-Sale Securities - Investment Securities with Unrealized Losses by Investment Category (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)item	Dec. 31, 2017USD ($)
Investment holdings
Fair Value, Less than 12 Months	$ 24,700	$ 26,068
Unrealized Losses, Less than 12 Months	(520)	(229)
Fair Value, 12 Months or More	15,197	8,465
Unrealized Losses, 12 Months or More	(814)	(604)
Fair Value, Total	39,897	34,533
Unrealized Losses, Total	$ (1,334)	(833)
Unrealized losses, 12 months or more (as a percent)	23.60%
Impairment charge on available for sale securities	$ 0
Other than temporary impairment losses on investments
Number of adverse conditions identified, related to repayment of securities that are not rated | item	0
Loss of principal anticipated	$ 0
Loss of interest anticipated	0
U. S. government agencies and government sponsored entities
Investment holdings
Fair Value, Less than 12 Months	5,949
Unrealized Losses, Less than 12 Months	(151)
Fair Value, 12 Months or More	2,281	1,977
Unrealized Losses, 12 Months or More	(90)	(21)
Fair Value, Total	8,230	1,977
Unrealized Losses, Total	(241)	(21)
Agency mortgage-backed securities: residential
Investment holdings
Fair Value, Less than 12 Months	10,338	17,798
Unrealized Losses, Less than 12 Months	(262)	(113)
Fair Value, 12 Months or More	7,579	4,754
Unrealized Losses, 12 Months or More	(309)	(114)
Fair Value, Total	17,917	22,552
Unrealized Losses, Total	(571)	(227)
State and municipal
Investment holdings
Fair Value, Less than 12 Months	8,413	8,270
Unrealized Losses, Less than 12 Months	(107)	(116)
Fair Value, 12 Months or More	3,637	294
Unrealized Losses, 12 Months or More	(223)	(20)
Fair Value, Total	12,050	8,564
Unrealized Losses, Total	(330)	(136)
Trust preferred security
Investment holdings
Fair Value, 12 Months or More	1,700	1,440
Unrealized Losses, 12 Months or More	(192)	(449)
Fair Value, Total	1,700	1,440
Unrealized Losses, Total	$ (192)	$ (449)

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Loans By Category (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Categories of loans
Total loans	$ 370,689		$ 374,239
Less Allowance for loan losses	(4,776)	$ (4,750)	(4,724)	$ (4,852)	$ (4,898)	$ (4,854)
Net Loans	365,913		369,515
Commercial
Categories of loans
Total loans	60,139		61,221
Less Allowance for loan losses	(640)	(626)	(633)	(579)	(681)	(615)
Commercial Real Estate
Categories of loans
Total loans	219,717		226,834
Less Allowance for loan losses	(3,496)	(3,499)	(3,515)	(3,614)	(3,622)	(3,628)
Residential Real Estate
Categories of loans
Total loans	86,864		82,230
Less Allowance for loan losses	(597)	(593)	(554)	(566)	(517)	(527)
Consumer
Categories of loans
Total loans	3,969		3,954
Less Allowance for loan losses	(10)	(10)	(10)	(17)	(11)	(14)
Unallocated
Categories of loans
Less Allowance for loan losses	(33)	$ (22)	(12)	$ (76)	$ (67)	$ (70)
Commercial | Commercial
Categories of loans
Total loans	60,139		61,221
Real estate | Residential Real Estate
Categories of loans
Total loans	86,864		82,230
Construction | Commercial Real Estate
Categories of loans
Total loans	46,018		44,391
Auto | Consumer
Categories of loans
Total loans	937		1,184
Other | Commercial Real Estate
Categories of loans
Total loans	173,699		182,443
Other | Consumer
Categories of loans
Total loans	$ 3,032		$ 2,770

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Allowance Roll-forward and Loans by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Dec. 31, 2017
Allowance for loan losses:
Beginning Balance	$ 4,750	$ 4,898	$ 4,724	$ 4,854
Provision (credit) for loan losses	30	(30)	90
Loans charged-off	(8)	(23)	(81)	(43)
Recoveries	4	7	43	41
Total ending allowance balance	4,776	4,852	4,776	4,852
Accrued interest receivable					$ 1,596	$ 1,681
Allowance for loan losses, Ending allowance balance attributable to loans:
Individually evaluated for impairment					355	45
Collectively evaluated					4,421	4,679
Total ending allowance balance	4,750	4,898	4,724	4,854	4,776	4,724
Loans:
Individually evaluated for impairment					2,141	1,484
Collectively evaluated					368,548	372,755
Loans and Leases Receivable, Gross, Total					370,689	374,239
Loans Receivable
Allowance for loan losses:
Interest receivable not included in recorded investment						1,400
Commercial
Allowance for loan losses:
Beginning Balance	626	681	633	615
Provision (credit) for loan losses	14	(105)	41	(47)
Loans charged-off			(37)	(17)
Recoveries		3	3	28
Total ending allowance balance	640	579	640	579
Allowance for loan losses, Ending allowance balance attributable to loans:
Collectively evaluated					640	633
Total ending allowance balance	626	681	633	615	640	633
Loans:
Individually evaluated for impairment						2
Collectively evaluated					60,139	61,219
Loans and Leases Receivable, Gross, Total					60,139	61,221
Commercial Real Estate
Allowance for loan losses:
Beginning Balance	3,499	3,622	3,515	3,628
Provision (credit) for loan losses	(3)	(8)	(20)	(15)
Recoveries			1	1
Total ending allowance balance	3,496	3,614	3,496	3,614
Allowance for loan losses, Ending allowance balance attributable to loans:
Individually evaluated for impairment					352	45
Collectively evaluated					3,144	3,470
Total ending allowance balance	3,499	3,622	3,515	3,628	3,496	3,515
Loans:
Individually evaluated for impairment					1,963	1,393
Collectively evaluated					217,754	225,441
Loans and Leases Receivable, Gross, Total					219,717	226,834
Residential Real Estate
Allowance for loan losses:
Beginning Balance	593	517	554	527
Provision (credit) for loan losses	6	45	39	29
Loans charged-off	(6)		(34)
Recoveries	4	4	38	10
Total ending allowance balance	597	566	597	566
Allowance for loan losses, Ending allowance balance attributable to loans:
Individually evaluated for impairment					3
Collectively evaluated					594	554
Total ending allowance balance	593	517	554	527	597	554
Loans:
Individually evaluated for impairment					174	82
Collectively evaluated					86,690	82,148
Loans and Leases Receivable, Gross, Total					86,864	82,230
Consumer
Allowance for loan losses:
Beginning Balance	10	11	10	14
Provision (credit) for loan losses	2	29	9	27
Loans charged-off	(2)	(23)	(10)	(26)
Recoveries			1	2
Total ending allowance balance	10	17	10	17
Allowance for loan losses, Ending allowance balance attributable to loans:
Collectively evaluated					10	10
Total ending allowance balance	10	11	10	14	10	10
Loans:
Individually evaluated for impairment					4	7
Collectively evaluated					3,965	3,947
Loans and Leases Receivable, Gross, Total					3,969	3,954
Unallocated
Allowance for loan losses:
Beginning Balance	22	67	12	70
Provision (credit) for loan losses	11	9	21	6
Total ending allowance balance	33	76	33	76
Allowance for loan losses, Ending allowance balance attributable to loans:
Collectively evaluated					33	12
Total ending allowance balance	$ 22	$ 67	$ 12	$ 70	33	12
Commercial | Commercial
Loans:
Loans and Leases Receivable, Gross, Total					60,139	61,221
Real estate | Residential Real Estate
Loans:
Loans and Leases Receivable, Gross, Total					86,864	82,230
Construction | Commercial Real Estate
Loans:
Loans and Leases Receivable, Gross, Total					46,018	44,391
Auto | Consumer
Loans:
Loans and Leases Receivable, Gross, Total					937	1,184
Other | Commercial Real Estate
Loans:
Loans and Leases Receivable, Gross, Total					173,699	182,443
Other | Consumer
Loans:
Loans and Leases Receivable, Gross, Total					$ 3,032	$ 2,770

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Unpaid Principal Balance
With no related allowance recorded	$ 1,364		$ 1,364		$ 1,408
With an allowance recorded	777		777		76
Total	2,141		2,141		1,484
Recorded Investment
With no related allowance recorded	1,364		1,364		1,408
With an allowance recorded	777		777		76
Total	2,141		2,141		1,484
Allowance for Loan Losses Allocated
Total	355		355		45
Average Recorded Investment
Total	2,180	$ 3,643	2,246	$ 3,655
Interest Income Recognized
Total	21	35	56	98
Cash Basis Interest Recognized
Total	8	25	3	55
Commercial
Average Recorded Investment
Total				105
Interest Income Recognized
Total				3
Cash Basis Interest Recognized
Total				2
Residential Real Estate
Average Recorded Investment
Total			174	222
Interest Income Recognized
Total			4	6
Cash Basis Interest Recognized
Total			1	4
Commercial | Commercial
Unpaid Principal Balance
With no related allowance recorded					2
Recorded Investment
With no related allowance recorded					2
Average Recorded Investment
Total		104
Interest Income Recognized
Total		2
Real estate | Residential Real Estate
Unpaid Principal Balance
With no related allowance recorded	120		120		82
With an allowance recorded	54		54
Recorded Investment
With no related allowance recorded	120		120		82
With an allowance recorded	54		54
Allowance for Loan Losses Allocated
Total	3		3
Average Recorded Investment
Total	175	220
Interest Income Recognized
Total	1	2
Cash Basis Interest Recognized
Total	1	1
Other | Commercial Real Estate
Unpaid Principal Balance
With no related allowance recorded	1,240		1,240		1,317
With an allowance recorded	723		723		76
Recorded Investment
With no related allowance recorded	1,240		1,240		1,317
With an allowance recorded	723		723		76
Allowance for Loan Losses Allocated
Total	352		352		45
Average Recorded Investment
Total	2,001	3,310	2,067	3,318
Interest Income Recognized
Total	20	31	52	88
Cash Basis Interest Recognized
Total	7	24	2	48
Other | Consumer
Unpaid Principal Balance
With no related allowance recorded	4		4		7
Recorded Investment
With no related allowance recorded	4		4		$ 7
Average Recorded Investment
Total	$ 4	$ 9	$ 5	10
Interest Income Recognized
Total				1
Cash Basis Interest Recognized
Total				$ 1

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Investment in Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Recorded investment in nonaccrual and loans past due over 90 days
Nonaccrual	$ 2,014	$ 1,344
Residential Real Estate
Recorded investment in nonaccrual and loans past due over 90 days
Nonaccrual	122	27
Other | Commercial Real Estate
Recorded investment in nonaccrual and loans past due over 90 days
Nonaccrual	$ 1,892	$ 1,317

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Aging of Past Due Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Aging of the recorded investment in past due loans
Total Past Due	$ 1,279	$ 129
Current	369,410	374,110
Loans and Leases Receivable, Gross, Total	370,689	374,239
Commercial
Aging of the recorded investment in past due loans
Loans and Leases Receivable, Gross, Total	60,139	61,221
Commercial Real Estate
Aging of the recorded investment in past due loans
Loans and Leases Receivable, Gross, Total	219,717	226,834
Residential Real Estate
Aging of the recorded investment in past due loans
Loans and Leases Receivable, Gross, Total	86,864	82,230
Consumer
Aging of the recorded investment in past due loans
Loans and Leases Receivable, Gross, Total	3,969	3,954
Commercial | Commercial
Aging of the recorded investment in past due loans
Total Past Due	85	9
Current	60,054	61,212
Loans and Leases Receivable, Gross, Total	60,139	61,221
Real estate | Residential Real Estate
Aging of the recorded investment in past due loans
Total Past Due	471	117
Current	86,393	82,113
Loans and Leases Receivable, Gross, Total	86,864	82,230
Construction | Commercial Real Estate
Aging of the recorded investment in past due loans
Current	46,018	44,391
Loans and Leases Receivable, Gross, Total	46,018	44,391
Auto | Consumer
Aging of the recorded investment in past due loans
Current	937	1,184
Loans and Leases Receivable, Gross, Total	937	1,184
Other | Commercial Real Estate
Aging of the recorded investment in past due loans
Total Past Due	723
Current	172,976	182,443
Loans and Leases Receivable, Gross, Total	173,699	182,443
Other | Consumer
Aging of the recorded investment in past due loans
Total Past Due		3
Current	3,032	2,767
Loans and Leases Receivable, Gross, Total	3,032	2,770
30 to 59 Days Past Due
Aging of the recorded investment in past due loans
Total Past Due	249	102
30 to 59 Days Past Due | Commercial | Commercial
Aging of the recorded investment in past due loans
Total Past Due	85	9
30 to 59 Days Past Due | Real estate | Residential Real Estate
Aging of the recorded investment in past due loans
Total Past Due	93	90
30 to 59 Days Past Due | Other | Commercial Real Estate
Aging of the recorded investment in past due loans
Total Past Due	71
30 to 59 Days Past Due | Other | Consumer
Aging of the recorded investment in past due loans
Total Past Due		3
60 to 89 Days Past Due
Aging of the recorded investment in past due loans
Total Past Due	256
60 to 89 Days Past Due | Real estate | Residential Real Estate
Aging of the recorded investment in past due loans
Total Past Due	256
Over 90 Days Past Due
Aging of the recorded investment in past due loans
Total Past Due	774	27
Over 90 Days Past Due | Real estate | Residential Real Estate
Aging of the recorded investment in past due loans
Total Past Due	122	$ 27
Over 90 Days Past Due | Other | Commercial Real Estate
Aging of the recorded investment in past due loans
Total Past Due	$ 652

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)loan	Sep. 30, 2017USD ($)loan	Sep. 30, 2018USD ($)loan	Sep. 30, 2017USD ($)loan	Dec. 31, 2017USD ($)
Troubled Debt Restructurings
Total troubled debt restructurings	$ 1,400,000		$ 1,400,000		$ 1,500,000
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 | loan	5		5
Number of loans accruing that are classified as troubled debt restructurings | loan			3
Loans accruing that are classified as troubled debt restructurings	$ 127,000		$ 127,000
Number of loans on nonaccrual status that are classified as troubled debt restructurings | loan			2
Loans on nonaccrual status that are classified as troubled debt restructurings	1,200,000		$ 1,200,000
Number of loans modified as troubled debt restructurings that occurred during the year | loan				1
Pre-Modification Outstanding Recorded Investment				$ 5,000
Post-Modification Outstanding Recorded Investment				5,000
Specific allocations reported for the troubled debt restructurings	$ 48,000	$ 188,000	48,000	$ 188,000
Number of payment defaults reported for troubled debt restructurings | loan	0	0		0
Troubled debt restructurings charged off	$ 0
Total recorded investment for loans modified (other than through troubled debt restructuring)	$ 21,700,000	$ 19,800,000	$ 21,700,000	$ 19,800,000
Commercial
Troubled Debt Restructurings
Number of loans modified as troubled debt restructurings that occurred during the year | loan				1
Pre-Modification Outstanding Recorded Investment				$ 5,000
Post-Modification Outstanding Recorded Investment				$ 5,000

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Credit Quality Indicators
Minimum outstanding balance of loans to be reviewed on a monthly basis	$ 25
Total loans	370,689	$ 374,239
Pass
Credit Quality Indicators
Total loans	367,866	369,253
Special Mention
Credit Quality Indicators
Total loans		758
Substandard
Credit Quality Indicators
Total loans	2,823	4,228
Commercial | Commercial
Credit Quality Indicators
Total loans	60,139	61,221
Commercial | Commercial | Pass
Credit Quality Indicators
Total loans	59,512	60,306
Commercial | Commercial | Substandard
Credit Quality Indicators
Total loans	627	915
Real estate | Residential Real Estate
Credit Quality Indicators
Total loans	86,864	82,230
Real estate | Residential Real Estate | Pass
Credit Quality Indicators
Total loans	86,759	82,148
Real estate | Residential Real Estate | Special Mention
Credit Quality Indicators
Total loans		55
Real estate | Residential Real Estate | Substandard
Credit Quality Indicators
Total loans	105	27
Construction | Commercial Real Estate
Credit Quality Indicators
Total loans	46,018	44,391
Construction | Commercial Real Estate | Pass
Credit Quality Indicators
Total loans	46,018	44,391
Auto | Consumer
Credit Quality Indicators
Total loans	937	1,184
Auto | Consumer | Pass
Credit Quality Indicators
Total loans	937	1,184
Other | Commercial Real Estate
Credit Quality Indicators
Total loans	173,699	182,443
Other | Commercial Real Estate | Pass
Credit Quality Indicators
Total loans	171,617	178,462
Other | Commercial Real Estate | Special Mention
Credit Quality Indicators
Total loans		703
Other | Commercial Real Estate | Substandard
Credit Quality Indicators
Total loans	2,082	3,278
Other | Consumer
Credit Quality Indicators
Total loans	3,032	2,770
Other | Consumer | Pass
Credit Quality Indicators
Total loans	3,023	2,762
Other | Consumer | Substandard
Credit Quality Indicators
Total loans	$ 9	$ 8

Fair Value Measurements - Asset

Fair Value Measurements - Assets Measured on a Recurring and Nonrecurring Basis (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Assets:
Securities available-for-sale	$ 45,450,000		$ 48,616,000
Fair value, assets measured on recurring basis, unobservable input reconciliation
Impaired loans	2,141,000		1,484,000
Principal balance of impaired loans	707,000		0
Valuation allowance	307,000		0
Increase in the provision for loan losses	307,000		0
U. S. government agencies and government sponsored entities
Assets:
Securities available-for-sale	8,367,000		1,977,000
Agency mortgage-backed securities: residential
Assets:
Securities available-for-sale	17,918,000		25,811,000
State and municipal
Assets:
Securities available-for-sale	17,465,000		19,388,000
Trust preferred security
Assets:
Securities available-for-sale	1,700,000		1,440,000
Level 2
Assets:
Securities available-for-sale	43,750,000		47,176,000
Level 3
Assets:
Securities available-for-sale	1,700,000		1,440,000
Recurring basis | Level 2
Assets:
Securities available-for-sale	43,750,000		47,176,000
Recurring basis | Level 2 | U. S. government agencies and government sponsored entities
Assets:
Securities available-for-sale	8,367,000		1,977,000
Recurring basis | Level 2 | Agency mortgage-backed securities: residential
Assets:
Securities available-for-sale	17,918,000		25,811,000
Recurring basis | Level 2 | State and municipal
Assets:
Securities available-for-sale	17,465,000		19,388,000
Recurring basis | Level 3
Assets:
Securities available-for-sale	1,700,000		1,440,000
Recurring basis | Level 3 | Trust preferred security
Assets:
Securities available-for-sale	1,700,000		1,440,000
Fair value, assets measured on recurring basis, unobservable input reconciliation
Recurring Level 3 assets, beginning of period balance	1,440,000	$ 1,240,000	1,240,000
Losses for the period included in other comprehensive income	260,000	160,000
Recurring Level 3 assets, end of period balance	1,700,000	$ 1,400,000	$ 1,440,000
Residential Real Estate | Level 3
Fair value, assets measured on recurring basis, unobservable input reconciliation
Impaired loans	$ 400,000

Fair Value Measurements - Quant

Fair Value Measurements - Quantitative and Qualitative Information of Level 3 Fair Value Measurements (Details) - USD ($)	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Valuation techniques
Impaired loans	$ 2,141,000	$ 1,484,000
Commercial Real Estate | Weighted Average
Valuation techniques
Adjustment (as a percent)	22.69%
Residential Real Estate
Valuation techniques
Adjustment (as a percent)	20.00%
Level 3 | Residential Real Estate
Valuation techniques
Impaired loans	$ 400,000
Non-recurring basis
Valuation techniques
Financial assets measured at fair value		$ 0
Non-recurring basis | Level 3 | Commercial Real Estate | Sales Comparison
Valuation techniques
Impaired loans	348,000
Non-recurring basis | Level 3 | Residential Real Estate | Sales Comparison
Valuation techniques
Impaired loans	$ 52,000

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Amount and Estimated Fair Values (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Dec. 31, 2017
Financial Assets
Interest-bearing deposits in other financial institutions	$ 28,113	$ 13,532
Available-for-sale securities	45,450	48,616
Loans, net of allowance	365,913	369,515
Accrued interest receivable	1,596	1,681
Federal Home Loan Bank stock	2,065	2,053
Financial Liabilities
Subordinated debentures	5,000	5,000
Accrued interest payable	360	285
Level 1
Financial Assets
Cash and cash equivalents	7,523	6,444
Interest-bearing deposits in other financial institutions	28,113	13,532
Accrued interest receivable	10	18
Financial Liabilities
Demand and savings deposits	239,879	228,346
Accrued interest payable	19	14
Level 2
Financial Assets
Available-for-sale securities	43,750	47,176
Loans held for sale		435
Accrued interest receivable	230	234
Financial Liabilities
Time deposits	140,664	142,440
FHLB advances	34,724	39,776
Accrued interest payable	289	232
Level 3
Financial Assets
Available-for-sale securities	1,700	1,440
Loans, net of allowance	357,877	367,159
Accrued interest receivable	1,356	1,429
Financial Liabilities
Subordinated debentures	2,543	2,543
Accrued interest payable	52	39
Carrying Amount
Financial Assets
Cash and cash equivalents	7,523	6,444
Interest-bearing deposits in other financial institutions	28,113	13,532
Available-for-sale securities	45,450	48,616
Loans, net of allowance	365,913	369,515
Loans held for sale		427
Accrued interest receivable	1,596	1,681
Federal Home Loan Bank stock	2,065	2,053
Financial Liabilities
Demand and savings deposits	239,879	228,346
Time deposits	142,754	143,968
FHLB advances	35,000	40,000
Subordinated debentures	5,000	5,000
Accrued interest payable	360	285
Total
Financial Assets
Cash and cash equivalents	7,523	6,444
Interest-bearing deposits in other financial institutions	28,113	13,532
Available-for-sale securities	45,450	48,616
Loans, net of allowance	357,877	367,159
Loans held for sale		435
Accrued interest receivable	1,596	1,681
Financial Liabilities
Demand and savings deposits	239,879	228,346
Time deposits	140,664	142,440
FHLB advances	34,724	39,776
Subordinated debentures	2,543	2,543
Accrued interest payable	$ 360	$ 285

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Basic earnings per share:
Net income	$ 1,198	$ 1,122	$ 3,656	$ 3,137
Less: Dividends on preferred stock during the quarter				(238)
Net income available for common stockholders	$ 1,198	$ 1,122	$ 3,656	$ 2,899
Weighted Average Shares, basic
Weighted Average Shares, basic	2,537,605	2,526,377	2,533,077	2,216,052
Weighted Average Shares, diluted
Net income available to common stockholders and assumed conversions	$ 1,198	$ 1,122	$ 3,656	$ 3,137
Weighted Average Shares, diluted	2,547,528	2,538,901	2,542,928	2,547,408
Per Share Amount
Basic earnings per common share (in dollars per share)	$ 0.47	$ 0.44	$ 1.44	$ 1.30
Diluted earnings per common share (in dollars per share)	$ 0.47	$ 0.44	$ 1.44	$ 1.23
Diluted earnings per share
Net income available to common stockholders and assumed conversions	$ 1,198	$ 1,122	$ 3,656	$ 3,137
Convertible preferred stock
Effect of dilutive securities
Income				$ 238
Convertible preferred stock (in shares)				319,325
Performance share units
Effect of dilutive securities
Performance share units (in shares)	9,923	12,524	9,851	12,031

Regulatory Capital Matters (Det

Regulatory Capital Matters (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2018USD ($)item	Dec. 31, 2017USD ($)
Regulatory capital matters
Number of classifications for prompt corrective action regulations | item	5
Capital conservation buffer (as a percent)	1.875%
Tier one risk based minimum required capital conservation	2.50%
Total Capital (to Risk-Weighted Assets)
Actual, Amount	$ 55,399	$ 51,988
For Capital Adequacy Purposes, Amount	$ 31,347	$ 31,823
Total Capital (to Risk-Weighted Assets)
Actual, Ratio (as a percent)	14.14%	13.07%
For Capital Adequacy Purposes, Ratio (as a percent)	8.00%	8.00%
Tier I Capital (to Risk-Weighted Assets)
Actual, Amount	$ 50,624	$ 47,264
For Capital Adequacy Purposes, Amount	$ 23,511	$ 23,867
Tier I Capital (to Risk-Weighted Assets)
Actual, Ratio (as a percent)	12.92%	11.88%
For Capital Adequacy Purposes, Ratio (as a percent)	6.00%	6.00%
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual Amount	$ 45,624	$ 42,502
For Capital Adequacy Purposes, Amount	$ 17,633	$ 17,900
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual, Ratio (as a percent)	11.64%	10.68%
For Capital Adequacy Purposes, Ratio (as a percent)	4.50%	4.50%
Tier I Leverage Capital to Average Assets
Actual, Amount	$ 50,624	$ 47,264
For Capital Adequacy Purposes, Amount	$ 19,141	$ 18,343
Tier I Capital (to Average Assets)
Actual, Ratio (as a percent)	10.58%	10.31%
For Capital Adequacy Purposes, Ratio (as a percent)	4.00%	4.00%
Citizens First Bank, Inc.
Total Capital (to Risk-Weighted Assets)
Actual, Amount	$ 54,355	$ 51,112
For Capital Adequacy Purposes, Amount	31,332	31,802
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 39,165	$ 39,753
Total Capital (to Risk-Weighted Assets)
Actual, Ratio (as a percent)	13.88%	12.86%
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	$ 49,579	$ 46,388
For Capital Adequacy Purposes, Amount	23,499	23,852
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 31,332	$ 31,802
Tier I Capital (to Risk-Weighted Assets)
Actual, Ratio (as a percent)	12.66%	11.67%
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	$ 49,579	$ 46,388
For Capital Adequacy Purposes, Amount	17,624	17,889
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 25,457	$ 25,839
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual, Ratio (as a percent)	12.66%	11.67%
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	$ 49,579	$ 46,388
For Capital Adequacy Purposes, Amount	19,168	18,301
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 23,960	$ 22,876
Tier I Capital (to Average Assets)
Actual, Ratio (as a percent)	10.35%	10.14%
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%