Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | May. 13, 2016 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | PATRIOT NATIONAL BANCORP INC | |
Trading Symbol | pnbk | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 3,956,207 | |
Amendment Flag | false | |
Entity Central Index Key | 1,098,146 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Mar. 31, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 |
Consolidated Balance Sheets (Un
Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Cash and due from banks: | ||
Noninterest bearing deposits and cash | $ 2,931 | $ 2,588 |
Interest bearing deposits | 64,075 | 82,812 |
Total cash and cash equivalents | 67,006 | 85,400 |
Securities: | ||
Available for sale securities, at fair value (Note 2) | 28,735 | 29,377 |
Other Investments | 4,450 | 4,450 |
Federal Reserve Bank stock, at cost | 2,099 | 2,075 |
Federal Home Loan Bank stock, at cost | 6,570 | 6,570 |
Total securities | 41,854 | 42,472 |
Loans receivable (net of allowance for loan losses: 2016: $5,247 2015: $5,242) (Note 3) | 479,936 | 479,127 |
Accrued interest and dividends receivable | 2,075 | 2,010 |
Premises and equipment, net | 29,790 | 29,421 |
Deferred tax asset (Note 6) | 13,354 | 13,763 |
Other assets | 1,740 | 1,338 |
Total assets | 635,755 | 653,531 |
Deposits (Note 4): | ||
Noninterest bearing deposits | 79,483 | 85,065 |
Interest bearing deposits | 346,154 | 361,982 |
Total deposits | 425,637 | 447,047 |
Federal Home Loan Bank borrowings (Note 8) | 134,900 | 132,000 |
Junior subordinated debt owed to unconsolidated trust (Note 8) | 8,248 | 8,248 |
Note Payable (Note 8) | 1,893 | 1,939 |
Accrued expenses and other liabilities | 2,771 | 2,833 |
Total liabilities | $ 573,449 | $ 592,067 |
Shareholders' equity (Note 7) | ||
Preferred stock, no par value; 1,000,000 shares authorized, no shares issued and outstanding | ||
Common stock, $.01 par value, 100,000,000 shares authorized; 2016: 3,957,377 shares issued; 3,956,207 shares outstanding. 2015 : 3,957,377 shares issued; 3,956,207 shares outstanding | $ 40 | $ 40 |
Additional paid-in capital | 106,722 | 106,568 |
Accumulated deficit | (44,179) | (44,832) |
Less: Treasury stock, at cost: 2016 and 2015, 1,170 shares | (160) | (160) |
Accumulated other comprehensive loss | (117) | (152) |
Total shareholders' equity | 62,306 | 61,464 |
Total liabilities and shareholders' equity | $ 635,755 | $ 653,531 |
Consolidated Balance Sheets (U3
Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Net of allowance for loan losses (in Dollars) | $ 5,247 | $ 5,242 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Preferred stock, par value (in Dollars per share) | $ 0 | $ 0 |
Common stock, par value (in Dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 3,957,377 | 3,957,377 |
Common stock, shares outstanding | 3,956,207 | 3,956,207 |
Treasury stock, shares | 1,170 | 1,170 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Interest and Dividend Income | ||
Interest and fees on loans | $ 5,840,000 | $ 5,546,000 |
Interest on investment securities | 142,000 | 116,000 |
Dividends on investment securities | 86,000 | 57,000 |
Other interest income | 41,000 | 29,000 |
Total interest and dividend income | 6,109,000 | 5,748,000 |
Interest Expense | ||
Interest on deposits | 473,000 | 529,000 |
Interest on Federal Home Loan Bank borrowings | 121,000 | 71,000 |
Interest on subordinated debt | 82,000 | 71,000 |
Interest on other borrowings | 8,000 | |
Total interest expense | 684,000 | 671,000 |
Net interest income | 5,425,000 | 5,077,000 |
Provision for Loan Losses | 250,000 | |
Net interest income after provision for loan losses | 5,425,000 | 4,827,000 |
Non-Interest Income | ||
Loan application, inspection & processing fees | 67,000 | 50,000 |
Fees and service charges | 151,000 | 174,000 |
Rental Income | 103,000 | 88,000 |
Other income | 89,000 | 82,000 |
Total non-interest income | 410,000 | 394,000 |
Non-Interest Expense | ||
Salaries and benefits | 2,550,000 | 2,344,000 |
Occupancy and equipment expense | 780,000 | 955,000 |
Data processing expense | 285,000 | 250,000 |
Advertising and promotional expenses | 117,000 | 50,000 |
Professional and other outside services | 409,000 | 569,000 |
Loan administration and processing expenses | 8,000 | 22,000 |
Regulatory assessments | 147,000 | 154,000 |
Insurance expense | 55,000 | 81,000 |
Material and communications | 93,000 | 81,000 |
Other operating expenses | 320,000 | 225,000 |
Total non-interest expense | 4,764,000 | 4,731,000 |
Income before income taxes | 1,071,000 | 490,000 |
Expense for income taxes | 418,000 | 201,000 |
Net income | $ 653,000 | $ 289,000 |
Basic income per share (in Dollars per share) | $ 0.17 | $ 0.07 |
Diluted income per share (in Dollars per share) | $ 0.16 | $ 0.07 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Net income | $ 653,000 | $ 289,000 |
Other comprehensive income : | ||
Unrealized holding gains on securities, net of taxes of $21 and $104 respectively: | 35,000 | 163,000 |
Total Other comprehensive income | 35,000 | 163,000 |
Total comprehensive income | $ 688,000 | $ 452,000 |
Consolidated Statements of Com6
Consolidated Statements of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Unrealized holding gains on securities, taxes | $ 21 | $ 104 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Treasury Stock [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Dec. 31, 2014 | $ 39,000 | $ 106,108,000 | $ (46,975,000) | $ (160,000) | $ (277,000) | $ 58,735,000 |
Balance (in Shares) at Dec. 31, 2014 | 3,924,192 | |||||
Net income (loss) | 289,000 | 289,000 | ||||
Unrealized holding gain (loss) on available for sale securities | 163,000 | 163,000 | ||||
Total comprehensive income (loss) | 452,000 | |||||
Share-based compensation expense | 114,000 | 114,000 | ||||
Issuance of restricted stock (in Shares) | 2,940 | |||||
Balance at Mar. 31, 2015 | $ 39,000 | 106,222,000 | (46,686,000) | (160,000) | (114,000) | 59,301,000 |
Balance (in Shares) at Mar. 31, 2015 | 3,927,132 | |||||
Balance at Dec. 31, 2014 | $ 39,000 | 106,108,000 | (46,975,000) | (160,000) | (277,000) | 58,735,000 |
Balance (in Shares) at Dec. 31, 2014 | 3,924,192 | |||||
Share-based compensation expense | 114,000 | |||||
Balance at Dec. 31, 2015 | $ 40,000 | 106,568,000 | (44,832,000) | (160,000) | (152,000) | 61,464,000 |
Balance (in Shares) at Dec. 31, 2015 | 3,956,207 | |||||
Net income (loss) | 653,000 | 653,000 | ||||
Unrealized holding gain (loss) on available for sale securities | 35,000 | 35,000 | ||||
Total comprehensive income (loss) | 688,000 | |||||
Share-based compensation expense | 154,000 | 154,000 | ||||
Balance at Mar. 31, 2016 | $ 40,000 | $ 106,722,000 | $ (44,179,000) | $ (160,000) | $ (117,000) | $ 62,306,000 |
Balance (in Shares) at Mar. 31, 2016 | 3,956,207 |
Note 1 - Basis of Financial Sta
Note 1 - Basis of Financial Statement Presentation | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Basis of Accounting [Text Block] | Note 1: Basis of Financial Statement Presentation The Consolidated Balance Sheet at December 31, 2015 has been derived from the audited financial statements of Patriot National Bancorp, Inc. (the “Company”) at that date, but does not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. Effective March 31, 2016 the Company has reclassified loans secured by 1-4 Family Non-owner occupied real estate to “Residential” from the “Commercial and Industrial” classification. Amounts presented for prior periods have been reclassified for consistency with the current period. See Note 3: Loans Receivable and Allowance for Loan Losses for additional information. The accompanying unaudited financial statements and related notes have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted. The accompanying consolidated financial statements and related notes should be read in conjunction with the previously filed audited financial statements of the Company and notes thereto for the year ended December 31, 2015. The information furnished reflects, in the opinion of management, all normal recurring adjustments necessary for a fair presentation of the results for the interim periods presented. The results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results of operations that may be expected for the remainder of 2016. |
Note 2 - Investment Securities
Note 2 - Investment Securities | 3 Months Ended |
Mar. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 2: Investment Securities The amortized cost, gross unrealized gains and losses and approximate fair values of available-for-sale securities at March 31, 2016 and December 31, 2015 are as follows: Gross Gross (in thousands) Amortized Unrealized Unrealized Fair Cost Gains Losses Value March 31, 2016: U.S. Government agency bonds $ 5,000 $ - $ (11 ) $ 4,989 U. S. Government agency mortgage-backed securities 12,927 - (78 ) 12,849 Corporate bonds 9,000 - (103 ) 8,897 Subordinated Notes 2,000 - - 2,000 $ 28,927 $ - $ (192 ) $ 28,735 December 31, 2015: U. S. Government agency bonds $ 5,000 $ - $ (46 ) $ 4,954 U. S. Government agency mortgage-backed securities 13,625 - (212 ) 13,413 Corporate bonds 9,000 71 (61 ) 9,010 Subordinated Notes 2,000 - - 2,000 $ 29,625 $ 71 $ (319 ) $ 29,377 The following table presents the gross unrealized loss and fair value of the Company’s available-for-sale securities, aggregated by the length of time the individual securities have been in a continuous loss position, at March 31, 2016 and December 31, 2015: Less Than 12 Months 12 Months or More Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss March 31, 2016: U.S. Government agency bonds $ 4,989 $ (11 ) $ - $ - $ 4,989 $ (11 ) U. S. Government agency mortgage - backed securities 2,698 (7 ) 10,151 (71 ) 12,849 (78 ) Corporate bonds - - 8,897 (103 ) 8,897 (103 ) Totals $ 7,687 $ (18 ) $ 19,048 $ (174 ) $ 26,735 $ (192 ) December 31, 2015: U. S. Government agency bonds $ 4,954 $ (46 ) $ - $ - $ 4,954 $ (46 ) U. S. Government agency mortgage - backed securities 2,863 (42 ) 10,550 (170 ) 13,413 (212 ) Corporate bonds - - 5,939 (61 ) 5,939 (61 ) Totals $ 7,817 $ (88 ) $ 16,489 $ (231 ) $ 24,306 $ (319 ) At March 31, 2016, ten of eleven available-for-sale securities had unrealized losses of 0.7% from the total amortized cost. At December 31, 2015, ten out of eleven available-for-sale securities had unrealized losses of 1.3% from the total amortized cost. The Company performs a quarterly analysis of those securities that are in an unrealized loss position to determine if those losses qualify as other-than-temporary impairments. This analysis considers the following criteria in its determination: the ability of the issuer to meet its obligations, management’s plans and ability to maintain its investment in the security, the length of time and the amount by which the security has been in a loss position, the interest rate environment, the general economic environment and prospects or projections for improvement or deterioration. Management believes that none of the unrealized losses on available-for-sale securities noted above are other than temporary due to the fact that they relate to market interest rate changes on U.S. Government agency debt, corporate debt and mortgage-backed securities issued by U.S. Government agencies. Management considers the issuers of the securities to be financially sound, the corporate bonds are investment grade and the Company expects to receive all contractual principal and interest related to these investments. Because the Company does not intend to sell the investments, and it will not be required to sell the investments before recovery of their amortized cost basis, which may be at maturity, the Company does not consider those investments to be other-than-temporarily impaired at March 31, 2016. The amortized cost and fair value of available-for-sale debt securities at March 31, 2016 by contractual maturity are presented below. Actual maturities of mortgage-backed securities may differ from contractual maturities because the mortgages underlying the securities may be prepaid without any penalties. The actual maturities will also differ from contractual maturities because issuers of certain securities retain early call or prepayment rights. (in thousands) Amortized Cost Fair Value Maturity: Due after five years through ten years $ 16,000 $ 15,886 U.S. Government agency mortgage-backed securities 12,927 12,849 Total $ 28,927 $ 28,735 At March 31, 2016 and December 31, 2015, securities of $5.2 million and $5.5 million respectively, were pledged with the Federal Reserve Bank of New York primarily to secure municipal deposits. There were no sales of available-for-sale securities in either the three months ended March 31, 2016 or the three months ended March 31, 2015. |
Note 3 - Loans Receivable and A
Note 3 - Loans Receivable and Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 3: Loans Receivable and Allowance for Loan Losses A summary of the Company’s loan portfolio at March 31, 2016 and December 31, 2015 is as follows: (in thousands) March 31, December 31, 2016 2015 Commercial and Industrial $ 61,027 $ 59,752 Commercial Real Estate 243,823 245,828 Construction 21,748 15,551 Construction to permanent- CRE 3,638 4,880 Residential 108,111 110,837 Consumer/Other 46,836 47,521 Total Loans 485,183 484,369 Allowance for loan losses (5,247 ) (5,242 ) Loans receivable, net $ 479,936 $ 479,127 Amounts presented for December 31, 2015 include $28.2 million of loans secured by 1-4 Family Non-owner Occupied real estate in the Residential category, reclassified from commercial and Industrial for consistency with the March 31, 2016 presentation. The Company's lending activities are conducted principally in Fairfield and New Haven Counties in Connecticut and Westchester County in New York, and the five Boroughs of New York City. The Company originates commercial real estate loans, commercial business loans, and a variety of consumer loans. In addition, the Company previously had originated loans on residential real estate. All residential and commercial mortgage loans are collateralized primarily by first or second mortgages on real estate. The ability and willingness of borrowers to satisfy their loan obligations is dependent to some degree on the status of the regional economy as well as upon the regional real estate market. Accordingly, the ultimate collectability of a substantial portion of the loan portfolio and the recovery of a substantial portion of any resulting real estate acquired is susceptible to changes in market conditions. The Company has established credit policies applicable to each type of lending activity in which it engages, evaluates the creditworthiness of each customer and, in most cases, extends credit of up to 75% of the market value of the collateral for commercial real estate at the date of the credit extension depending on the Company's evaluation of the borrowers' creditworthiness and type of collateral and up to 80% for multi–family real estate. In the case of construction loans, the maximum loan-to-value is 75% of the “as completed” appraised value. The appraised value of collateral is monitored on an ongoing basis and additional collateral is requested when warranted. Real estate is the primary form of collateral. Other important forms of collateral are accounts receivable, inventory, other business assets, marketable securities and time deposits. Risk characteristics of the Company’s portfolio classes include the following: Commercial and Industrial Loans Commercial Real Estate Loans – Construction Loans Construction to Perm- CRE – Residential Real Estate Loans Consumer/ Other Loans The Company does not have any lending programs commonly referred to as subprime lending. Subprime lending generally targets borrowers with weakened credit histories typically characterized by payment delinquencies, previous charge-offs, judgments, bankruptcies, or borrowers with questionable repayment capacity as evidenced by low credit scores or high debt-burdened ratios. The following table sets forth activity in our allowance for loan losses, by loan type, for the three months and ended March 31, 2016. The following table also details the amount of loans receivable that are evaluated individually, and collectively, for impairment, and the related portion of the allowance for loan losses that is allocated to each loan portfolio segment. Three months ended March 31, 2016 Commercial and Industrial Commercial Real Estate Construction Construction to Permanent Residential Consumer/ Other Unallocated Total Allowance for loan losses: Beginning Balance $ 1,027 $ 1,970 $ 486 $ 123 $ 740 $ 677 $ 219 $ 5,242 Charge-offs - - - - (5 ) - - (5 ) Recoveries 9 - - - - 1 - 10 Provision 47 (27 ) 164 (2 ) (111) (69 ) (2 ) - Ending Balance $ 1,083 $ 1,943 $ 650 $ 121 $ 624 $ 609 $ 217 $ 5,247 Ending balance: individually evaluated for impairment $ 737 $ - $ - $ - $ - $ 2 $ - $ 739 Ending balance: collectively evaluated for impairment 346 1,943 650 121 624 607 217 4,508 Total Allowance for Loan Losses $ 1,083 $ 1,943 $ 650 $ 121 $ 624 $ 609 $ 217 $ 5,247 March 31, 2016 Total Loans ending balance $ 61,027 $ 243,823 $ 21,748 $ 3,638 $ 108,111 $ 46,836 $ - $ 485,183 Ending balance: individually evaluated for impairment $ 2,977 $ 8,521 $ - $ - $ 4,535 $ 548 $ - $ 16,581 Ending balance: collectively evaluated for impairment $ 58,050 $ 235,302 $ 21,748 $ 3,638 $ 103,576 $ 46,288 $ - $ 468,602 The following table sets forth activity in our allowance for loan losses, by loan type, for the three months and ended March 31, 2015. The following table also details the amount of loans receivable that are evaluated individually, and collectively, for impairment, and the related portion of the allowance for loan losses that is allocated to each loan portfolio segment. (in thousands) Three months ended March 31, 2015 Commercial and Industrial Commercial Real Estate Construction Construction to Permanent Residential Consumer/ Other Unallocated Total Allowance for loan losses: Beginning Balance $ 1,918 $ 1,419 $ 63 $ 215 $ 831 $ 478 $ - $ 4,924 Charge-offs - - - - (3 ) (7 ) - (10 ) Recoveries 16 - - 5 - 8 - 29 Provision (637 ) 605 159 (29 ) (98 ) 232 18 250 Ending Balance $ 1,297 $ 2,024 $ 222 $ 191 $ 730 $ 711 $ 18 $ 5,193 December 31, 2015 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ 3 $ - $ 3 Ending balance: collectively evaluated for impairment 1,027 1,970 486 123 740 674 219 5,239 Total Allowance for Loan Losses $ 1,027 $ 1,970 $ 486 $ 123 $ 740 $ 677 $ 219 $ 5,242 Total Loans ending balance $ 59,752 $ 245,828 $ 15,551 $ 4,880 $ 110,837 $ 47,521 $ - $ 484,369 Ending balance: individually evaluated for impairment - 7,745 - - 4,556 550 - 12,851 Ending balance: collectively evaluated for impairment $ 59,752 $ 238,083 $ 15,551 $ 4,880 $ 106,281 $ 46,971 $ - $ 471,518 December 31, 2015 loan classifications have been revised to be consistent with the March 31, 2016 categorizations. The Company monitors the credit quality of its loans receivable in an ongoing manner. Credit quality is monitored by reviewing certain credit quality indicators, including loan to value ratios, debt service coverage ratios and credit scores. The Company has a risk rating system as part of the risk assessment of its loan portfolio. The Company’s lending officers are required to assign a risk rating to each loan in their portfolio at origination, which is ratified or modified by the Loan Committee to which the loan is submitted for approval. When the lender learns of important financial developments, the risk rating is reviewed accordingly, and adjusted if necessary. Similarly, the Loan Committee can adjust a risk rating. The Company employs a loan officer whose responsibility is to independently review the ratings annually for all commercial credits over $250,000. The Company uses an independent third party loan reviewer who performs quarterly reviews of a sample of loans, validating the Company’s risk ratings assigned to such loans. Any upgrades or downgrades to classified loans must be approved by the Management Loan Committee. When assigning a risk rating to a loan, management utilizes the Bank’s internal eleven-point risk rating system. An asset is considered “special mention” when it has a potential weakness based on objective evidence, but does not currently expose the Company to sufficient risk to warrant classification in one of the following categories: ● An asset is considered “substandard” if it is not adequately protected by the current net worth and paying capacity of the obligor or the collateral pledged, if any. Substandard assets have well defined weaknesses based on objective evidence, and are characterized by the “distinct possibility” that the Company will sustain “some loss” if the deficiencies are not corrected. ● Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions, and values, “highly questionable and improbable.” Charge–off generally commences after the loan is classified “doubtful” to reduce the loan to its recoverable balance. If the account is classified as “loss”, the full balance is charged off regardless of the potential recovery from the sale of the collateral. That amount is recognized as a recovery after the collateral is sold. In accordance with FFIEC (“Federal Financial Institutions Examination Council”) published policies establishing uniform criteria for the classification of retail credit based on delinquency status, “Open-end” credits are charged-off when 180 days delinquent and “Closed-end” credits are charged-off when 120 days delinquent. I ncluded in loans receivable are loans for which the accrual of interest income has been discontinued due to deterioration in the financial condition of the borrowers. The unpaid principal balances of loans on nonaccrual status and considered impaired were $5.4 million at March 31, 2016 and $1.6 million at December 31, 2015. If non-accrual loans had been performing in accordance with their contractual terms, the Company would have recorded approximately $139,000 of additional income during the quarter ended March 31, 2016 and $4,000 during the quarter ended March 31, 2015. The following table sets forth the detail, and delinquency status, of non-accrual loans at March 31, 2016 : (in thousands) Non-Accrual Loans 2016 31-60 Days Past Due 61-90 Days Past Due Greater Than 90 Days Total Past Due Current Total Non-Accrual Loans Commercial & Industrial Pass $ - $ - $ - $ - $ - $ - Substandard - - 2,977 2,977 - 2,977 Total Commercial & Industrial $ - $ - $ 2,977 $ 2,977 $ - $ 2,977 Commercial Real Estate Substandard $ - $ - $ 840 $ 840 $ - $ 840 Total Commercial Real Estate $ - $ - $ 840 $ 840 $ - $ 840 Residential Real Estate Substandard $ - $ - $ 1,590 $ 1,590 $ - $ 1,590 Total Residential Real Estate $ - $ - $ 1,590 $ 1,590 $ - $ 1,590 Consumer Substandard $ - $ - $ 2 $ 2 $ - $ 2 Total Consumer $ - $ - $ 2 $ 2 $ - $ 2 Total $ - $ - $ 5,409 $ 5,409 $ - $ 5,409 Generally, loans are placed on non-accruing status when they become 90 days or more delinquent, and remain on non-accrual status until they are brought current, have at least six months of performance under the loan terms, and factors indicating reasonable doubt about the timely collection of payments no longer exist. Therefore, loans may be current in accordance with their loan terms, or may be less than 90 days delinquent and still be on a non-accruing status. At March 31, 2016, 5 loans were on non-accrual status totaling $5.4 million, representing 4 relationships. For these 5 loans a specific reserve of $739,000 has been established. The following table sets forth the detail, and delinquency status, of non-accrual loans and past due loans at December 31, 2015: (in thousands) Non-Accrual Loans 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days or More past due Total Past Due Current Total Non-Accrual Loans Commercial & Industrial Pass $ - $ - $ - $ - $ - $ - Substandard - - - - - - Total Commercial & Industrial $ - $ - $ - $ - $ - $ - Commercial Real Estate Substandard $ - $ - $ - $ - $ - $ - Total Commercial Real Estate $ - $ - $ - $ - $ - $ - Residential Real Estate Substandard $ - $ - $ 1,590 $ 1,590 $ - $ 1,590 Total Residential Real Estate $ - $ - $ 1,590 $ 1,590 $ - $ 1,590 Consumer/ Other Substandard $ - $ - $ 3 $ 3 $ - $ 3 Total Consumer / Other $ - $ - $ 3 $ 3 $ - $ 3 Total $ - $ - $ 1,593 $ 1,593 $ - $ 1,593 The following table sets forth the detail and delinquency status of loans receivable, by performing and non-performing loans at March 31, 2016. (in thousands) Performing (Accruing) Loans 2016 31-60 Days Past Due 61-90 Days Past Due Greater Than 90 Days Total Past Due Current Total Performing Loans Total Non-Accrual Loans Total Loans Commercial & Industrial Pass $ - $ - $ - $ - $ 58,045 $ 58,045 $ - $ 58,045 Special Mention - - - - - - - - Substandard - - - - 5 5 2,977 2,982 Total Commercial & Industrial $ - $ - $ - $ - $ 58,050 $ 58,050 $ 2,977 $ 61,027 Commercial Real Estate Pass $ 5,750 $ - $ - $ 5,750 $ 230,306 $ 236,056 $ - $ 236,056 Special Mention - 624 - 624 4,658 5,282 - 5,282 Substandard - - - - 1,645 1,645 840 2,485 Total Commercial Real Estate $ 5,750 $ 624 $ - $ 6,374 $ 236,609 $ 242,983 $ 840 $ 243,823 Construction Pass $ - $ - $ - $ - $ 21,748 $ 21,748 $ - $ 21,748 Total Construction $ - $ - $ - $ - $ 21,748 $ 21,748 $ - $ 21,748 Construction to Permanent Pass $ - $ - $ - $ - $ 3,638 $ 3,638 $ - $ 3,638 Total Construction to Permanent $ - $ - $ - $ - $ 3,638 $ 3,638 $ - $ 3,638 Residential Real Estate Pass $ - $ - $ - $ - $ 106,521 $ 106,521 $ - $ 106,521 Substandard - - - - - - 1,590 1,590 Total Residential Real Estate $ - $ - $ - $ - $ 106,521 $ 106,521 $ 1,590 $ 108,111 Consumer/ Other Pass $ 3 $ - $ - $ 3 $ 46,831 $ 46,834 $ 2 $ 46,836 Total Consumer/ Other $ 3 $ - $ - $ 3 $ 46,831 $ 46,834 $ 2 $ 46,836 Total Pass $ 5,753 $ - $ - $ 5,753 $ 467,089 $ 472,842 $ 2 $ 472,844 Special Mention - 624 - 624 4,658 5,282 - 5,282 Substandard - - - - 1,650 1,650 5,409 7,059 Grand Total $ 5,753 $ 624 $ - $ 6,377 $ 473,397 $ 479,774 $ 5,409 $ 485,183 The following table sets forth the detail and delinquency status of loans receivable, by performing and non-performing loans at December 31, 2015. (in thousands) Performing (Accruing) Loans 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days or More past due Total Past Due Current Total Performing Loans Total Non-Accrual Loans Total Loans Commercial & Industrial Pass $ 43 $ 605 $ 520 $ 1,168 $ 55,600 $ 56,768 $ - $ 56,768 Special Mention - - - - - - - - Substandard 2,977 - - 2,977 7 2,984 - 2,984 Total Commercial & Industrial $ 3,020 $ 605 $ 520 $ 4,145 $ 55,607 $ 59,752 $ - $ 59,752 Commercial Real Estate Pass $ - $ - $ - $ - $ 237,996 $ 237,996 $ - $ 237,996 Special Mention - - - - 5,322 5,322 - 5,322 Substandard 840 - - 840 1,670 2,510 - 2,510 Total Commercial Real Estate $ 840 $ - $ - $ 840 $ 244,988 $ 245,828 $ - $ 245,828 Construction Pass $ - $ - $ - $ - $ 15,551 $ 15,551 $ - $ 15,551 Total Construction $ - $ - $ - $ - $ 15,551 $ 15,551 $ - $ 15,551 Construction to Permanent Pass $ - $ - $ - $ - $ 4,880 $ 4,880 $ - $ 4,880 Special Mention - - - - - - - - Substandard - - - - - - - - Total Construction to Permanent $ - $ - $ - $ - $ 4,880 $ 4,880 $ - $ 4,880 Residential Real Estate Pass $ 154 $ 87 $ 1,517 $ 1,758 $ 107,489 $ 109,247 $ - $ 109,247 Special Mention - - - - - - - - Substandard - - - - - - 1,590 1,590 Total Residential Real Estate $ 154 $ 87 $ 1,517 $ 1,758 $ 107,489 $ 109,247 $ 1,590 $ 110,837 Consumer/ Other Pass $ 309 $ 2 $ 9 $ 320 $ 47,198 $ 47,518 $ - $ 47,518 Special Mention - - - - - - - - Substandard - - - - - - 3 3 Total Consumer/ Other $ 309 $ 2 $ 9 $ 320 $ 47,198 $ 47,518 $ 3 $ 47,521 Total Pass $ 506 $ 694 $ 2,046 $ 3,246 $ 468,714 $ 471,960 - $ 471,960 Special Mention - - - - 5,322 5,322 - 5,322 Substandard 3,817 - - 3,817 1,677 5,494 1,593 7,087 Grand Total $ 4,323 $ 694 $ 2,046 $ 7,063 $ 475,713 $ 482,776 $ 1,593 $ 484,369 December 31, 2015 loan balances have been reclassified to be consistent with the March 31, 2016 presentation, (See Note 3.) Impaired Loans Impaired loans consist of non-accrual loans, TDRs, and loans previously classified as TDRs that have been upgraded. The Company’s most recent impairment analysis resulted in identification of $16.6 million of impaired loans, for which specific reserves of $739,000 were required at March 31, 2016, compared to $12.9 million of impaired loans at December 31, 2015, for which specific reserves of $3,000 were required. Loans that did not require specific reserves have sufficient collateral values, less costs to sell, supporting the carrying balances of the loans. In some cases, there may be no specific reserves because the Company already charged-off the specific impairment. Once a borrower is in default, the Company is under no obligation to advance additional funds on unused commitments. Troubled Debt Restructurings On a case-by-case basis, the Company may agree to modify the contractual terms of a borrower’s loan to assist customers who may be experiencing financial difficulty. If the borrower is experiencing financial difficulties and a concession has been made, the loan is classified as a troubled debt restructured loan. For the three months ended March 31, 2016 and 2015, there were no loans modified as a “troubled debt restructuring”. At March 31, 2016 and December 31, 2015, there were no commitments to advance additional funds under troubled debt restructured loans. Substantially all of our troubled debt restructured loan modifications involve lowering the monthly payments on such loans through either a reduction in interest rate below market rate, an extension of the term of the loan, or a combination of these two methods. These modifications rarely result in the forgiveness of principal or accrued interest. In addition, we frequently obtain additional collateral or guarantor support when modifying commercial loans. If the borrower had demonstrated performance under the previous terms and our underwriting process shows the borrower has the capacity to continue to perform under the restructured terms, the loan will continue to accrue interest. Non-accruing restructured loans may be returned to accrual status when there has been a sustained period of repayment performance (generally six consecutive months of payments) and both principal and interest are deemed collectible. All troubled debt restructurings are classified as impaired loans, which are individually evaluated for impairment. The following table summarizes impaired loans by loan portfolio class as of March 31, 2016: (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial & Industrial $ - $ 96 $ - Commercial Real Estate 8,521 9,027 - Construction - 287 - Residential 4,535 5,538 - Consumer/ Other 546 632 - Other - - - Total: $ 13,602 $ 15,580 $ - With an allowance recorded: Commercial & Industrial $ 2,977 $ 2,977 $ 737 Commercial Real Estate - - - Construction - - - Residential - - - Consumer/ Other 2 2 2 Total: $ 2,979 $ 2,979 $ 739 Commercial & Industrial $ 2,977 $ 3,073 $ 737 Commercial Real Estate 8,521 9,027 - Construction - 287 - Residential 4,535 5,538 - Consumer/ Other 548 634 2 Total: $ 16,581 $ 18,559 $ 739 The following table summarizes impaired loans by loan portfolio class as of December 31, 2015: (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial & Industrial $ - $ 96 $ - Commercial Real Estate 7,745 8,259 - Construction - 287 - Construction to Permanent - - - Residential 4,556 5,559 - Consumer/ Other 547 633 - Total: $ 12,848 $ 14,834 $ - With an allowance recorded: Consumer 3 3 3 Total: $ 3 $ 3 $ 3 Commercial & Industrial $ - $ 96 $ - Commercial Real Estate 7,745 8,259 - Construction - 287 - Residential 4,556 5,559 - Consumer/ Other 550 636 3 Total: $ 12,851 $ 14,837 $ 3 The following tables summarize additional information regarding impaired loans for the three months ended March 31, 2016 and 2015. Three Months Ended March 31 2016 2015 (in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial & Industrial $ - $ - $ 1 $ - Commercial Real Estate 7,270 91 8,296 95 Residential 4,542 31 3,525 32 Consumer/ Other 546 5 552 4 Total: $ 12,358 $ 127 $ 12,374 $ 131 With an allowance recorded: Commercial & Industrial $ 2,977 $ - $ - $ - Commercial Real Estate - - - - Residential - - - - Consumer/ Other 2 - 2 - Total: $ 2,979 $ - $ 2 $ - Commercial & Industrial $ 2,977 $ - $ 1 $ - Commercial Real Estate 7,270 91 8,296 95 Residential 4,542 31 3,525 32 Consumer/ Other 548 5 554 4 Total: $ 15,337 $ 127 $ 12,376 $ 131 |
Note 4 - Deposits
Note 4 - Deposits | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Deposit Liabilities Disclosures [Text Block] | Note 4: Deposits The following table is a summary of the Company’s deposits at: March 31, December 31, (in thousands) 2016 2015 Non-interest bearing $ 79,483 $ 85,065 Interest bearing NOW 28,913 28,684 Savings 120,051 108,658 Money market 19,007 19,522 Time certificates, less than $250,000 128,490 139,455 Time certificates, $250,000 or more 16,520 17,509 Brokered Deposits 33,173 48,154 Total interest bearing 346,154 361,982 Total Deposits $ 425,637 $ 447,047 |
Note 5 - Share-based Compensati
Note 5 - Share-based Compensation | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 5: Share-Based Compensation The Company maintains the Patriot National Bancorp, Inc. 2012 Stock Plan to provide an incentive to directors and employees of the Company by the granting of options, restricted stock awards or phantom stock units. The Plan provides for the issuance of up to 3,000,000 shares of the Company’s common stock subject to certain Plan limitations. As of March 31, 2016, 2,815,000 shares of stock remain available for issuance under the Plan. The vesting of restricted stock awards and options may be accelerated in accordance with terms of the Plan. The Compensation Committee shall determine the vesting of restricted stock awards and stock options. Restricted stock grants are available to directors and employees and generally vest in annual installments over a three, four or five year period from the date of grant. The Company is expensing the grant date fair value of all share-based compensation over the requisite vesting periods on a prorated straight-line basis. During the three months ended March 31, 2016 and March 31, 2015, the Company recorded $154,000 and $114,000 of total stock-based compensation, respectively. During the three months ended March 31, 2016, the Company issued 5,884 shares of restricted stock to directors and 52,200 shares of restricted stock to employees under the 2012 Stock Plan. The following is a summary of the status of the Company’s restricted shares as of March 31, 2016, and changes therein during the period then ended. Number of Shares Awarded Weighted Average Non-vested at December 31, 2015 55,854 $ 12.83 Granted 58,084 15.25 Non-vested at March 31, 2016 113,938 $ 14.06 Expected future stock award expense related to the non-vested restricted awards as of March 31, 2016, is $1.5 million over an average period of 2.71 years. The Company had no outstanding stock options at March 31, 2016. |
Note 6 - Income Taxes
Note 6 - Income Taxes | 3 Months Ended |
Mar. 31, 2016 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | Note 6: Income Taxes For the three months ended March 31, 2016, the Company recorded income tax expense of $418,000. This compares to income tax expense of $201,000 for the three month ended March 31, 2015. The Company began to recognize income tax expense in the quarter ended December 31, 2014 after the reversal of its deferred tax asset valuation allowance. In the third quarter of fiscal year 2014, the Company released 96.7% of its valuation allowance previously recorded on its net deferred tax assets which resulted in a $16.8 million credit to income tax expense, partially offset by the current income tax expense for the year. Deferred tax assets decreased $ $408,000 from $13.8 million at December 31, 2015 to $13.4 million at March 31, 2016. This decrease was due to deferred taxes being applied to the tax liability on current year taxable income. The Company will continue to evaluate its ability to realize its net deferred tax asset. If future evidence suggests that it is more likely than not that a portion of the deferred tax asset will not be realized, the valuation allowance may be increased |
Note 7 - Income Per Share
Note 7 - Income Per Share | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Note 7: Income per share The Company is required to present basic income per share and diluted income per share in its consolidated statements of operations. Basic income per share amounts are computed by dividing net income by the weighted average number of common shares outstanding. Diluted income per share reflects additional common shares that would have been outstanding if potentially dilutive common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding restricted stocks and would be determined using the treasury stock method. The Company is also required to provide a reconciliation of the numerator and denominator used in the computation of both basic and diluted income per share. The Company had no outstanding stock options in 2016 and 2015. The following is information about the computation of income per share for the three months ended March 31, 2016 and 2015: Three months ended March 31, 2016 Net Income Weighted Average Common Shares Outstanding Amount Basic Earnings Per Share $ 653,000 3,956,207 $ 0.17 Effect of Dilutive Securities Non-vested Restricted Stock Grants N/A 32,479 N/A Diluted Earnings Per Share $ 653,000 3,988,686 $ 0.16 Three months ended March 31, 2015 Net Income Weighted Average Common Shares Outstanding Amount Basic Earnings Per Share $ 289,000 3,871,849 $ 0.07 Effect of Dilutive Securities Non-vested Restricted Stock Grants N/A 17,895 N/A Diluted Earnings Per Share $ 289,000 3,889,744 $ 0.07 |
Note 8 - Borrowings
Note 8 - Borrowings | 3 Months Ended |
Mar. 31, 2016 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | Note 8 : Borrowings Federal Home Loan Bank borrowings The Company is a member of the Federal Home Loan Bank of Boston ("FHLB"). The Company has the ability to borrow from the FHLB based on a certain percentage of the value of the Company’s qualified collateral, as defined in the FHLB Statement of Products Policy, comprised mainly of mortgage-backed securities and loans segregated as collateral for the FHLB. At March 31, 2016 and December 31, 2015, outstanding advances from the FHLB aggregated $134.9 million and $132.0 million respectively. The advances outstanding at March 31, 2016 had maturities ranging from six days to fifty-nine months with rates ranging from 2 basis points to 47 basis points. The FHLB borrowings collateral is a mixture of real estate loans and securities with a book value of $213.2 million. Junior subordinated debt owed to unconsolidated trust The subordinated debentures of $8.2 million are unsecured obligations of the Company and are subordinate and junior in right of payment to all present and future senior indebtedness of the Company. These obligations qualify as Tier 1 capital. The subordinated debentures, which bear interest at three-month LIBOR plus 3.15% (3.78% at March 31, 2016), mature on March 26, 2033. Beginning in the second quarter of 2009, the Company deferred quarterly interest payments on the subordinated debentures for 20 consecutive quarters as permitted under the terms of the debentures. Interest is still being accrued and charged to operations. The Company made a payment of approximately $1.6 million in June 2014, and brought the debt current as of that date. Interest payments have subsequently been deferred at the Company’s option, however, interest expense continued to be recorded. At March 31, 2016 interest owed for the subordinated debt was $510,000. Note Payable In September 2015, the Company executed a $2.0 million Note Payable for the purchase of its Fairfield, CT branch, which had formerly been leased by the Company. The note has a ten-year term and bears interest at a fixed rate of 1.75%. The Company makes interest and principal payments monthly. The note is secured by a first Mortgage Deed and Security Agreement on the property purchased. |
Note 9 - Other Comprehensive In
Note 9 - Other Comprehensive Income | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Comprehensive Income (Loss) Note [Text Block] | Note 9: Other Comprehensive Income Other comprehensive income, which is comprised solely of the change in unrealized gains and losses on available-for-sale securities, is as follows: Three Months Ended March 31, 2016 (in thousands) Before Tax Amount Tax Effect Net of Tax Amount Unrealized holding gains arising during the period $ 56 $ (21 ) $ 35 Three Months Ended March 31, 2015 Before Tax Amount Tax Effect Net of Tax Amount Unrealized holding gains arising during the period $ 267 $ (104 ) $ 163 |
Note 10 - Financial Instruments
Note 10 - Financial Instruments with Off-balance Sheet Risk | 3 Months Ended |
Mar. 31, 2016 | |
Risks and Uncertainties [Abstract] | |
Concentration Risk Disclosure [Text Block] | Note 10: Financial Instruments with Off-Balance Sheet Risk In the normal course of business, the Company is a party to financial instruments with off-balance-sheet risk to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit and involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the balance sheet. The contractual amounts of these instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The contractual amount of commitments to extend credit and standby letters of credit represent the total amount of potential accounting loss should: the contracts be fully drawn upon; the customers default; and the value of any existing collateral becomes worthless. The Company uses the same credit policies in approving commitments and conditional obligations as it does for on-balance-sheet instruments and evaluates each customer’s creditworthiness on a case-by-case basis. Management believes that the Company controls the credit risk of these financial instruments through credit approvals, credit limits, monitoring procedures and the receipt of collateral as deemed necessary. Financial instruments whose contractual amounts represent credit risk at March 31, 2016 are as follows: Commitments to extend credit: (in thousands) Future loan commitments $ 11,758 Home equity lines of credit 25,671 Unused lines of credit 20,880 Undisbursed construction loans 26,845 Financial standby letters of credit 1,882 $ 87,036 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments to extend credit generally have fixed expiration dates, or other termination clauses, and may require payment of a fee by the borrower. Since these commitments could expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the customer. Collateral held varies, but may include residential and commercial property, deposits and securities. The Company has established a reserve of $5,000 as of March 31, 2016 for these commitments which are included in accrued expenses and other liabilities. Standby letters of credit are written commitments issued by the Company to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Guarantees that are not derivative contracts are recorded on the Company’s consolidated balance sheet at their fair value at inception. Any instruments deemed to be derivatives would be accounted for as a fair value or cash flow hedge as appropriate. |
Note 11 - Regulatory and Operat
Note 11 - Regulatory and Operational Matters | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | Note 11: Regulatory and Operational Matters The Company’s and the Bank’s capital and capital ratios at March 31, 2016 and December 31, 2015 were: Capital Requirements Actual Minimum Minimum with Capital Buffer Well Capitalized (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio March 31, 2016 The Company: Tier 1 Leverage Capital (to Average Assets) $ 60,086 9.80 % $ 24,531 4.00 % N/A N/A N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 52,086 10.03 % 23,361 4.50 % N/A N/A N/A N/A Tier 1 Capital (to Risk Weighted Assets) 60,086 11.57 % 31,148 6.00 % N/A N/A N/A N/A Total Capital (to Risk Weighted Assets) 65,341 12.59 % 41,531 8.00 % N/A N/A N/A N/A The Bank: Tier 1 Leverage Capital (to Average Assets) $ 61,027 9.95 % $ 24,544 4.00 % N/A N/A $ 30,679 5.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) 61,027 11.79 % 23,296 4.50 % 26,531 5.125 % 33,649 6.50 % Tier 1 Capital (to Risk Weighted Assets) 61,027 11.79 % 31,061 6.00 % 34,296 6.625 % 41,414 8.00 % Total Capital (to Risk Weighted Assets) 66,282 12.80 % 41,414 8.00 % 44,650 8.625 % 51,768 10.00 % December 31, 2015 The Company: Total Capital (to Risk Weighted Assets) $ 59,595 9.77 % $ 24,401 4.00 % N/A N/A N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 51,595 10.04 % 23,119 4.50 % N/A N/A N/A N/A Tier 1 Capital (to Risk Weighted Assets) 59,595 11.60 % 30,826 6.00 % N/A N/A N/A N/A Tier 1 Capital (to Average Assets) 64,845 12.62 % 41,101 8.00 % N/A N/A N/A N/A The Bank: Total Capital (to Risk Weighted Assets) $ 59,958 9.83 % $ 24,393 4.00 % N/A N/A $ 30,491 5.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) 59,958 11.72 % 23,029 4.50 % N/A N/A 33,265 6.50 % Tier 1 Capital (to Risk Weighted Assets) 59,958 11.72 % 30,706 6.00 % N/A N/A 40,941 8.00 % Tier 1 Capital (to Average Assets) 65,207 12.74 % 40,941 8.00 % N/A N/A 51,177 10.00 % Under the final capital rules that became effective on January 1, 2015, there was a requirement for a common equity Tier 1 capital conservation buffer of 2.5% of risk-weighted assets which is in addition to the other minimum risk-based capital standards in the rule. Institutions that do not maintain this required capital buffer will become subject to progressively more stringent limitations on the percentage of earnings that can be paid out in dividends or used for stock repurchases and on the payment of discretionary bonuses to senior executive management. The capital buffer requirement is being phased in over three years beginning in 2016. We have included the 0.625% increase for 2016 in our minimum capital adequacy ratios in the table above. The capital buffer requirement effectively raises the minimum required common equity Tier 1 capital ratio to 7.0%, the Tier 1 capital ratio to 8.5%, and the total capital ratio to 10.5% on a fully phased-in basis on January 1, 2019. Management believes that, as of March 31, 2016, the Company would meet all capital adequacy requirements under the Basel III Capital Rules on a fully phased-in basis as if all such requirements were currently in effect. |
Note 12 - Fair Value and Intere
Note 12 - Fair Value and Interest Rate Risk | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | Note 12: Fair Value and Interest Rate Risk The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. A fair value hierarchy has been established that prioritizes the inputs used to measure fair value, requiring entities to maximize the use of observable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs generally require significant management judgment. The three levels within the fair value hierarchy are as follows: ● Level 1- Unadjusted quoted market prices for identical assets or liabilities in active markets that the entity has the ability to access at the measurement date (such as active exchange-traded equity securities and certain U.S. and government agency debt securities). ● Level 2- Observable inputs other than quoted prices included in Level 1, such as: ■ quoted prices for similar assets or liabilities in active markets (such as U.S. agency and government sponsored mortgage-backed securities) ■ quoted prices for identical or similar assets or liabilities in less active markets (such as certain U.S. and government agency debt securities, and corporate and municipal debt securities that trade infrequently) ■ Other inputs that are observable for substantially the full term of the asset or liability (i.e. interest rates, yield curves, prepayment speeds, default rates, etc.) ● Level 3- Valuation techniques that require unobservable inputs that are supported by little or no market activity and are significant to the fair value measurement of the asset or liability (such as pricing and discounted cash flow models that typically reflect management’s estimates of the assumptions a market participant would use in pricing the asset or liability). A description of the valuation methodologies used for assets and liabilities recorded at fair value, and for estimating fair value for financial and non-financial instruments not recorded at fair value, are set forth below. Cash and due from banks, federal funds sold, short-term investments and accrued interest receivable and payable: Available-for-Sale Securities: Other Investments: Loans: Other Real Estate Owned: Deposits: Junior Subordinated Debt: Federal Home Loan Bank Borrowings: Off-balance sheet instruments: The following table details the financial assets measured at fair value on a recurring basis as of March 31, 2016 and December 31, 2015, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine fair value: Quoted Prices in Significant Significant (in thousands) Active Markets Observable Unobservable Balance for Identical Assets Inputs Inputs as of March 31, 2016 (Level 1) (Level 2) (Level 3) March 31, 2016 U.S. Government agency bonds $ - $ 4,989 $ - $ 4,989 U.S. Government agency mortgage- backed securities - 12,849 - 12,849 Corporate bonds - 8,897 - 8,897 Subordinated Notes - 2,000 - 2,000 Securities available for sale $ - $ 28,735 $ - $ 28,735 Quoted Prices in Significant Significant Active Markets Observable Unobservable Balance for Identical Assets Inputs Inputs as of December 31, 2015 (Level 1) (Level 2) (Level 3) December 31, 2015 U.S. Government agency bonds $ - $ 4,954 $ - $ 4,954 U.S. Government agency mortgage- backed securities - 13,413 - 13,413 Corporate bonds - 9,010 - 9,010 Subordinated Notes - 2,000 - 2,000 Securities available for sale $ - $ 29,377 $ - $ 29,377 There were no transfers of assets between levels 1, 2 or 3 as of March 31, 2016 or December 31, 2015. Certain financial assets and financial liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The following reflects financial assets measured at fair value on a non-recurring basis as of March 31, 2016 and December 31, 2015, segregated by the level of the valuation inputs within the fair value hierarchy utilized: Quoted Prices in Significant Significant (in thousands) Active Markets Observable Unobservable for Identical Assets Inputs Inputs Balance Asset Description (Level 1) (Level 2) (Level 3) March 31, 2016 Impaired loans $ - $ - $ 2,240 $ 2,240 December 31, 2015 Impaired loans $ - $ - $ 363 $ 363 (dollars in thousands) Quantitative Information about Level 3 Fair Value Measurements Asset Description Fair Value Valuation Technique Unobservable Input Range (Weighted Average ) March 31, 2016 Impaired loans $ 2,240 Appriased Value of Collateral (1) Liquidation Costs (2) 14% - 23% (16%) (3) December 31, 2015 Impaired loans $ 363 Appraised Value of Collateral (1) Liquidation Costs (2) 8% (8%) (3) (1) Fair value is generally determined through independent appraisals of the underlying collateral, which include Level 3 inputs that are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. (3) The range and weighted average of qualitative factors such as economic conditions and estimated liquidation expenses are presented as a percent of the appraised value. The Company discloses fair value information about financial instruments, whether or not recognized in the consolidated balance sheet, for which it is practicable to estimate that value. Certain financial instruments are excluded from disclosure requirements and, accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The estimated fair value amounts have been measured as of March 31, 2016 and December 31, 2015 and have not been reevaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair value of these financial instruments subsequent to the respective reporting dates may be different than amounts reported on those dates. The information presented should not be interpreted as an estimate of the fair value of the Company since a fair value calculation is only required for a limited portion of the Company’s assets and liabilities. Due to the wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other bank holding companies may not be meaningful. The following is a summary of the carrying amounts and estimated fair values of the Company’s financial instruments not measured and not reported at fair value on the consolidated balance sheets at March 31, 2016 and December 31, 2015: March 31, 2016 December 31, 2015 (in thousands) Fair Value Carrying Estimated Carrying Estimated Hierarchy Amount Fair Value Amount Fair Value Financial Assets: Cash and noninterest bearing balances due from banks Level 1 $ 2,931 $ 2,931 $ 2,588 $ 2,588 Interest-bearing deposits due from banks Level 1 64,075 64,075 82,812 82,812 Other investments Level 2 4,450 4,450 4,450 4,450 Federal Reserve Bank stock Level 2 2,099 2,099 2,075 2,075 Federal Home Loan Bank stock Level 2 6,570 6,570 6,570 6,570 Loans receivable, net Level 3 479,936 481,893 479,127 478,160 Accrued interest receivable Level 2 2,075 2,075 2,010 2,010 Financial Liabilities: Demand deposits Level 2 $ 79,483 $ 79,483 $ 85,065 $ 85,065 Savings deposits Level 2 120,051 120,051 108,658 108,658 Money market deposits Level 2 19,007 19,007 19,522 19,522 NOW accounts Level 2 28,913 28,913 28,684 28,684 Time deposits Level 2 145,010 144,775 156,964 156,363 Brokered Deposits Level 1 33,173 33,177 48,154 48,062 FHLB Borrowings Level 2 134,900 134,900 132,000 131,903 Subordinated debentures Level 2 8,248 8,248 8,248 8,248 Note Payable Level 3 1,893 1,829 1,939 1,904 Accrued interest payable Level 2 586 586 532 532 The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. As a result, the fair values of the Company’s financial instruments will change when interest rate levels change and that change may be either favorable or unfavorable to the Company. Management attempts to match maturities of assets and liabilities to the extent possible to mitigate interest rate risk. However, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment and more likely to prepay in a falling rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk by adjusting terms of new loans and deposits and by investing in securities with terms that mitigate the Company’s overall interest rate risk. Off-balance sheet instruments Loan commitments on which the committed interest rate is less than the current market rate were insignificant at March 31, 2016 and December 31, 2015. The estimated fair value of fee income on letters of credit at March 31, 2016 and December 31, 2015 was also insignificant. |
Note 13 - Recent Accounting Pro
Note 13 - Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2016 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 13: Recent Accounting Pronouncements Recently Issued Accounting Standards Updates ASU 2014-09: Revenue from Contracts with customers (Topic 606): Deferral of the Effective Date In March, 2016 the FASB issued ASU 2016-08 Revenue from contracts with customers (Topic 606): Principle versus Agent Considerations. ASU 2014-14 : ASU 2016-01 : Financial Instruments - Overall. ASU 2016-02 : Leases. |
Note 2 - Investment Securities
Note 2 - Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Available-for-sale Securities [Table Text Block] | Gross Gross (in thousands) Amortized Unrealized Unrealized Fair Cost Gains Losses Value March 31, 2016: U.S. Government agency bonds $ 5,000 $ - $ (11 ) $ 4,989 U. S. Government agency mortgage-backed securities 12,927 - (78 ) 12,849 Corporate bonds 9,000 - (103 ) 8,897 Subordinated Notes 2,000 - - 2,000 $ 28,927 $ - $ (192 ) $ 28,735 December 31, 2015: U. S. Government agency bonds $ 5,000 $ - $ (46 ) $ 4,954 U. S. Government agency mortgage-backed securities 13,625 - (212 ) 13,413 Corporate bonds 9,000 71 (61 ) 9,010 Subordinated Notes 2,000 - - 2,000 $ 29,625 $ 71 $ (319 ) $ 29,377 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less Than 12 Months 12 Months or More Total (in thousands) Fair Unrealized Fair Unrealized Fair Unrealized Value Loss Value Loss Value Loss March 31, 2016: U.S. Government agency bonds $ 4,989 $ (11 ) $ - $ - $ 4,989 $ (11 ) U. S. Government agency mortgage - backed securities 2,698 (7 ) 10,151 (71 ) 12,849 (78 ) Corporate bonds - - 8,897 (103 ) 8,897 (103 ) Totals $ 7,687 $ (18 ) $ 19,048 $ (174 ) $ 26,735 $ (192 ) December 31, 2015: U. S. Government agency bonds $ 4,954 $ (46 ) $ - $ - $ 4,954 $ (46 ) U. S. Government agency mortgage - backed securities 2,863 (42 ) 10,550 (170 ) 13,413 (212 ) Corporate bonds - - 5,939 (61 ) 5,939 (61 ) Totals $ 7,817 $ (88 ) $ 16,489 $ (231 ) $ 24,306 $ (319 ) |
Investments Classified by Contractual Maturity Date [Table Text Block] | (in thousands) Amortized Cost Fair Value Maturity: Due after five years through ten years $ 16,000 $ 15,886 U.S. Government agency mortgage-backed securities 12,927 12,849 Total $ 28,927 $ 28,735 |
Note 3 - Loans Receivable and22
Note 3 - Loans Receivable and Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (in thousands) March 31, December 31, 2016 2015 Commercial and Industrial $ 61,027 $ 59,752 Commercial Real Estate 243,823 245,828 Construction 21,748 15,551 Construction to permanent- CRE 3,638 4,880 Residential 108,111 110,837 Consumer/Other 46,836 47,521 Total Loans 485,183 484,369 Allowance for loan losses (5,247 ) (5,242 ) Loans receivable, net $ 479,936 $ 479,127 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Three months ended March 31, 2016 Commercial and Industrial Commercial Real Estate Construction Construction to Permanent Residential Consumer/ Other Unallocated Total Allowance for loan losses: Beginning Balance $ 1,027 $ 1,970 $ 486 $ 123 $ 740 $ 677 $ 219 $ 5,242 Charge-offs - - - - (5 ) - - (5 ) Recoveries 9 - - - - 1 - 10 Provision 47 (27 ) 164 (2 ) (111) (69 ) (2 ) - Ending Balance $ 1,083 $ 1,943 $ 650 $ 121 $ 624 $ 609 $ 217 $ 5,247 Ending balance: individually evaluated for impairment $ 737 $ - $ - $ - $ - $ 2 $ - $ 739 Ending balance: collectively evaluated for impairment 346 1,943 650 121 624 607 217 4,508 Total Allowance for Loan Losses $ 1,083 $ 1,943 $ 650 $ 121 $ 624 $ 609 $ 217 $ 5,247 March 31, 2016 Total Loans ending balance $ 61,027 $ 243,823 $ 21,748 $ 3,638 $ 108,111 $ 46,836 $ - $ 485,183 Ending balance: individually evaluated for impairment $ 2,977 $ 8,521 $ - $ - $ 4,535 $ 548 $ - $ 16,581 Ending balance: collectively evaluated for impairment $ 58,050 $ 235,302 $ 21,748 $ 3,638 $ 103,576 $ 46,288 $ - $ 468,602 (in thousands) Three months ended March 31, 2015 Commercial and Industrial Commercial Real Estate Construction Construction to Permanent Residential Consumer/ Other Unallocated Total Allowance for loan losses: Beginning Balance $ 1,918 $ 1,419 $ 63 $ 215 $ 831 $ 478 $ - $ 4,924 Charge-offs - - - - (3 ) (7 ) - (10 ) Recoveries 16 - - 5 - 8 - 29 Provision (637 ) 605 159 (29 ) (98 ) 232 18 250 Ending Balance $ 1,297 $ 2,024 $ 222 $ 191 $ 730 $ 711 $ 18 $ 5,193 December 31, 2015 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ 3 $ - $ 3 Ending balance: collectively evaluated for impairment 1,027 1,970 486 123 740 674 219 5,239 Total Allowance for Loan Losses $ 1,027 $ 1,970 $ 486 $ 123 $ 740 $ 677 $ 219 $ 5,242 Total Loans ending balance $ 59,752 $ 245,828 $ 15,551 $ 4,880 $ 110,837 $ 47,521 $ - $ 484,369 Ending balance: individually evaluated for impairment - 7,745 - - 4,556 550 - 12,851 Ending balance: collectively evaluated for impairment $ 59,752 $ 238,083 $ 15,551 $ 4,880 $ 106,281 $ 46,971 $ - $ 471,518 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (in thousands) Non-Accrual Loans 2016 31-60 Days Past Due 61-90 Days Past Due Greater Than 90 Days Total Past Due Current Total Non-Accrual Loans Commercial & Industrial Pass $ - $ - $ - $ - $ - $ - Substandard - - 2,977 2,977 - 2,977 Total Commercial & Industrial $ - $ - $ 2,977 $ 2,977 $ - $ 2,977 Commercial Real Estate Substandard $ - $ - $ 840 $ 840 $ - $ 840 Total Commercial Real Estate $ - $ - $ 840 $ 840 $ - $ 840 Residential Real Estate Substandard $ - $ - $ 1,590 $ 1,590 $ - $ 1,590 Total Residential Real Estate $ - $ - $ 1,590 $ 1,590 $ - $ 1,590 Consumer Substandard $ - $ - $ 2 $ 2 $ - $ 2 Total Consumer $ - $ - $ 2 $ 2 $ - $ 2 Total $ - $ - $ 5,409 $ 5,409 $ - $ 5,409 (in thousands) Non-Accrual Loans 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days or More past due Total Past Due Current Total Non-Accrual Loans Commercial & Industrial Pass $ - $ - $ - $ - $ - $ - Substandard - - - - - - Total Commercial & Industrial $ - $ - $ - $ - $ - $ - Commercial Real Estate Substandard $ - $ - $ - $ - $ - $ - Total Commercial Real Estate $ - $ - $ - $ - $ - $ - Residential Real Estate Substandard $ - $ - $ 1,590 $ 1,590 $ - $ 1,590 Total Residential Real Estate $ - $ - $ 1,590 $ 1,590 $ - $ 1,590 Consumer/ Other Substandard $ - $ - $ 3 $ 3 $ - $ 3 Total Consumer / Other $ - $ - $ 3 $ 3 $ - $ 3 Total $ - $ - $ 1,593 $ 1,593 $ - $ 1,593 |
Schedule of Financing Receivables Performing and Non-Accrual Status [Table Text Block] | (in thousands) Performing (Accruing) Loans 2016 31-60 Days Past Due 61-90 Days Past Due Greater Than 90 Days Total Past Due Current Total Performing Loans Total Non-Accrual Loans Total Loans Commercial & Industrial Pass $ - $ - $ - $ - $ 58,045 $ 58,045 $ - $ 58,045 Special Mention - - - - - - - - Substandard - - - - 5 5 2,977 2,982 Total Commercial & Industrial $ - $ - $ - $ - $ 58,050 $ 58,050 $ 2,977 $ 61,027 Commercial Real Estate Pass $ 5,750 $ - $ - $ 5,750 $ 230,306 $ 236,056 $ - $ 236,056 Special Mention - 624 - 624 4,658 5,282 - 5,282 Substandard - - - - 1,645 1,645 840 2,485 Total Commercial Real Estate $ 5,750 $ 624 $ - $ 6,374 $ 236,609 $ 242,983 $ 840 $ 243,823 Construction Pass $ - $ - $ - $ - $ 21,748 $ 21,748 $ - $ 21,748 Total Construction $ - $ - $ - $ - $ 21,748 $ 21,748 $ - $ 21,748 Construction to Permanent Pass $ - $ - $ - $ - $ 3,638 $ 3,638 $ - $ 3,638 Total Construction to Permanent $ - $ - $ - $ - $ 3,638 $ 3,638 $ - $ 3,638 Residential Real Estate Pass $ - $ - $ - $ - $ 106,521 $ 106,521 $ - $ 106,521 Substandard - - - - - - 1,590 1,590 Total Residential Real Estate $ - $ - $ - $ - $ 106,521 $ 106,521 $ 1,590 $ 108,111 Consumer/ Other Pass $ 3 $ - $ - $ 3 $ 46,831 $ 46,834 $ 2 $ 46,836 Total Consumer/ Other $ 3 $ - $ - $ 3 $ 46,831 $ 46,834 $ 2 $ 46,836 Total Pass $ 5,753 $ - $ - $ 5,753 $ 467,089 $ 472,842 $ 2 $ 472,844 Special Mention - 624 - 624 4,658 5,282 - 5,282 Substandard - - - - 1,650 1,650 5,409 7,059 Grand Total $ 5,753 $ 624 $ - $ 6,377 $ 473,397 $ 479,774 $ 5,409 $ 485,183 (in thousands) Performing (Accruing) Loans 2015 30-59 Days Past Due 60-89 Days Past Due 90 Days or More past due Total Past Due Current Total Performing Loans Total Non-Accrual Loans Total Loans Commercial & Industrial Pass $ 43 $ 605 $ 520 $ 1,168 $ 55,600 $ 56,768 $ - $ 56,768 Special Mention - - - - - - - - Substandard 2,977 - - 2,977 7 2,984 - 2,984 Total Commercial & Industrial $ 3,020 $ 605 $ 520 $ 4,145 $ 55,607 $ 59,752 $ - $ 59,752 Commercial Real Estate Pass $ - $ - $ - $ - $ 237,996 $ 237,996 $ - $ 237,996 Special Mention - - - - 5,322 5,322 - 5,322 Substandard 840 - - 840 1,670 2,510 - 2,510 Total Commercial Real Estate $ 840 $ - $ - $ 840 $ 244,988 $ 245,828 $ - $ 245,828 Construction Pass $ - $ - $ - $ - $ 15,551 $ 15,551 $ - $ 15,551 Total Construction $ - $ - $ - $ - $ 15,551 $ 15,551 $ - $ 15,551 Construction to Permanent Pass $ - $ - $ - $ - $ 4,880 $ 4,880 $ - $ 4,880 Special Mention - - - - - - - - Substandard - - - - - - - - Total Construction to Permanent $ - $ - $ - $ - $ 4,880 $ 4,880 $ - $ 4,880 Residential Real Estate Pass $ 154 $ 87 $ 1,517 $ 1,758 $ 107,489 $ 109,247 $ - $ 109,247 Special Mention - - - - - - - - Substandard - - - - - - 1,590 1,590 Total Residential Real Estate $ 154 $ 87 $ 1,517 $ 1,758 $ 107,489 $ 109,247 $ 1,590 $ 110,837 Consumer/ Other Pass $ 309 $ 2 $ 9 $ 320 $ 47,198 $ 47,518 $ - $ 47,518 Special Mention - - - - - - - - Substandard - - - - - - 3 3 Total Consumer/ Other $ 309 $ 2 $ 9 $ 320 $ 47,198 $ 47,518 $ 3 $ 47,521 Total Pass $ 506 $ 694 $ 2,046 $ 3,246 $ 468,714 $ 471,960 - $ 471,960 Special Mention - - - - 5,322 5,322 - 5,322 Substandard 3,817 - - 3,817 1,677 5,494 1,593 7,087 Grand Total $ 4,323 $ 694 $ 2,046 $ 7,063 $ 475,713 $ 482,776 $ 1,593 $ 484,369 |
Impaired Financing Receivables [Table Text Block] | (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial & Industrial $ - $ 96 $ - Commercial Real Estate 8,521 9,027 - Construction - 287 - Residential 4,535 5,538 - Consumer/ Other 546 632 - Other - - - Total: $ 13,602 $ 15,580 $ - With an allowance recorded: Commercial & Industrial $ 2,977 $ 2,977 $ 737 Commercial Real Estate - - - Construction - - - Residential - - - Consumer/ Other 2 2 2 Total: $ 2,979 $ 2,979 $ 739 Commercial & Industrial $ 2,977 $ 3,073 $ 737 Commercial Real Estate 8,521 9,027 - Construction - 287 - Residential 4,535 5,538 - Consumer/ Other 548 634 2 Total: $ 16,581 $ 18,559 $ 739 (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial & Industrial $ - $ 96 $ - Commercial Real Estate 7,745 8,259 - Construction - 287 - Construction to Permanent - - - Residential 4,556 5,559 - Consumer/ Other 547 633 - Total: $ 12,848 $ 14,834 $ - With an allowance recorded: Consumer 3 3 3 Total: $ 3 $ 3 $ 3 Commercial & Industrial $ - $ 96 $ - Commercial Real Estate 7,745 8,259 - Construction - 287 - Residential 4,556 5,559 - Consumer/ Other 550 636 3 Total: $ 12,851 $ 14,837 $ 3 Three Months Ended March 31 2016 2015 (in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial & Industrial $ - $ - $ 1 $ - Commercial Real Estate 7,270 91 8,296 95 Residential 4,542 31 3,525 32 Consumer/ Other 546 5 552 4 Total: $ 12,358 $ 127 $ 12,374 $ 131 With an allowance recorded: Commercial & Industrial $ 2,977 $ - $ - $ - Commercial Real Estate - - - - Residential - - - - Consumer/ Other 2 - 2 - Total: $ 2,979 $ - $ 2 $ - Commercial & Industrial $ 2,977 $ - $ 1 $ - Commercial Real Estate 7,270 91 8,296 95 Residential 4,542 31 3,525 32 Consumer/ Other 548 5 554 4 Total: $ 15,337 $ 127 $ 12,376 $ 131 |
Note 4 - Deposits (Tables)
Note 4 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Schedule of Deposits [Table Text Block] | March 31, December 31, (in thousands) 2016 2015 Non-interest bearing $ 79,483 $ 85,065 Interest bearing NOW 28,913 28,684 Savings 120,051 108,658 Money market 19,007 19,522 Time certificates, less than $250,000 128,490 139,455 Time certificates, $250,000 or more 16,520 17,509 Brokered Deposits 33,173 48,154 Total interest bearing 346,154 361,982 Total Deposits $ 425,637 $ 447,047 |
Note 5 - Share-based Compensa24
Note 5 - Share-based Compensation (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Number of Shares Awarded Weighted Average Non-vested at December 31, 2015 55,854 $ 12.83 Granted 58,084 15.25 Non-vested at March 31, 2016 113,938 $ 14.06 |
Note 7 - Income Per Share (Tabl
Note 7 - Income Per Share (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three months ended March 31, 2016 Net Income Weighted Average Common Shares Outstanding Amount Basic Earnings Per Share $ 653,000 3,956,207 $ 0.17 Effect of Dilutive Securities Non-vested Restricted Stock Grants N/A 32,479 N/A Diluted Earnings Per Share $ 653,000 3,988,686 $ 0.16 Three months ended March 31, 2015 Net Income Weighted Average Common Shares Outstanding Amount Basic Earnings Per Share $ 289,000 3,871,849 $ 0.07 Effect of Dilutive Securities Non-vested Restricted Stock Grants N/A 17,895 N/A Diluted Earnings Per Share $ 289,000 3,889,744 $ 0.07 |
Note 9 - Other Comprehensive 26
Note 9 - Other Comprehensive Income (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Schedule of Other Comprehensive Income Change in Unrealized Gains and Losses on Available for Sale Securities [Table Text Block] | Three Months Ended March 31, 2016 (in thousands) Before Tax Amount Tax Effect Net of Tax Amount Unrealized holding gains arising during the period $ 56 $ (21 ) $ 35 Three Months Ended March 31, 2015 Before Tax Amount Tax Effect Net of Tax Amount Unrealized holding gains arising during the period $ 267 $ (104 ) $ 163 |
Note 10 - Financial Instrumen27
Note 10 - Financial Instruments with Off-balance Sheet Risk (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Risks and Uncertainties [Abstract] | |
Schedule of Commitment to Extended Credit [Table Text Block] | Commitments to extend credit: (in thousands) Future loan commitments $ 11,758 Home equity lines of credit 25,671 Unused lines of credit 20,880 Undisbursed construction loans 26,845 Financial standby letters of credit 1,882 $ 87,036 |
Note 11 - Regulatory and Oper28
Note 11 - Regulatory and Operational Matters (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure Text Block [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Capital Requirements Actual Minimum Minimum with Capital Buffer Well Capitalized (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio March 31, 2016 The Company: Tier 1 Leverage Capital (to Average Assets) $ 60,086 9.80 % $ 24,531 4.00 % N/A N/A N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 52,086 10.03 % 23,361 4.50 % N/A N/A N/A N/A Tier 1 Capital (to Risk Weighted Assets) 60,086 11.57 % 31,148 6.00 % N/A N/A N/A N/A Total Capital (to Risk Weighted Assets) 65,341 12.59 % 41,531 8.00 % N/A N/A N/A N/A The Bank: Tier 1 Leverage Capital (to Average Assets) $ 61,027 9.95 % $ 24,544 4.00 % N/A N/A $ 30,679 5.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) 61,027 11.79 % 23,296 4.50 % 26,531 5.125 % 33,649 6.50 % Tier 1 Capital (to Risk Weighted Assets) 61,027 11.79 % 31,061 6.00 % 34,296 6.625 % 41,414 8.00 % Total Capital (to Risk Weighted Assets) 66,282 12.80 % 41,414 8.00 % 44,650 8.625 % 51,768 10.00 % December 31, 2015 The Company: Total Capital (to Risk Weighted Assets) $ 59,595 9.77 % $ 24,401 4.00 % N/A N/A N/A N/A Common Equity Tier 1 Capital (to Risk Weighted Assets) 51,595 10.04 % 23,119 4.50 % N/A N/A N/A N/A Tier 1 Capital (to Risk Weighted Assets) 59,595 11.60 % 30,826 6.00 % N/A N/A N/A N/A Tier 1 Capital (to Average Assets) 64,845 12.62 % 41,101 8.00 % N/A N/A N/A N/A The Bank: Total Capital (to Risk Weighted Assets) $ 59,958 9.83 % $ 24,393 4.00 % N/A N/A $ 30,491 5.00 % Common Equity Tier 1 Capital (to Risk Weighted Assets) 59,958 11.72 % 23,029 4.50 % N/A N/A 33,265 6.50 % Tier 1 Capital (to Risk Weighted Assets) 59,958 11.72 % 30,706 6.00 % N/A N/A 40,941 8.00 % Tier 1 Capital (to Average Assets) 65,207 12.74 % 40,941 8.00 % N/A N/A 51,177 10.00 % |
Note 12 - Fair Value and Inte29
Note 12 - Fair Value and Interest Rate Risk (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Quoted Prices in Significant Significant (in thousands) Active Markets Observable Unobservable Balance for Identical Assets Inputs Inputs as of March 31, 2016 (Level 1) (Level 2) (Level 3) March 31, 2016 U.S. Government agency bonds $ - $ 4,989 $ - $ 4,989 U.S. Government agency mortgage- backed securities - 12,849 - 12,849 Corporate bonds - 8,897 - 8,897 Subordinated Notes - 2,000 - 2,000 Securities available for sale $ - $ 28,735 $ - $ 28,735 Quoted Prices in Significant Significant Active Markets Observable Unobservable Balance for Identical Assets Inputs Inputs as of December 31, 2015 (Level 1) (Level 2) (Level 3) December 31, 2015 U.S. Government agency bonds $ - $ 4,954 $ - $ 4,954 U.S. Government agency mortgage- backed securities - 13,413 - 13,413 Corporate bonds - 9,010 - 9,010 Subordinated Notes - 2,000 - 2,000 Securities available for sale $ - $ 29,377 $ - $ 29,377 |
Fair Value Measurements, Nonrecurring [Table Text Block] | Quoted Prices in Significant Significant (in thousands) Active Markets Observable Unobservable for Identical Assets Inputs Inputs Balance Asset Description (Level 1) (Level 2) (Level 3) March 31, 2016 Impaired loans $ - $ - $ 2,240 $ 2,240 December 31, 2015 Impaired loans $ - $ - $ 363 $ 363 |
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | (dollars in thousands) Quantitative Information about Level 3 Fair Value Measurements Asset Description Fair Value Valuation Technique Unobservable Input Range (Weighted Average ) March 31, 2016 Impaired loans $ 2,240 Appriased Value of Collateral (1) Liquidation Costs (2) 14% - 23% (16%) (3) December 31, 2015 Impaired loans $ 363 Appraised Value of Collateral (1) Liquidation Costs (2) 8% (8%) (3) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | March 31, 2016 December 31, 2015 (in thousands) Fair Value Carrying Estimated Carrying Estimated Hierarchy Amount Fair Value Amount Fair Value Financial Assets: Cash and noninterest bearing balances due from banks Level 1 $ 2,931 $ 2,931 $ 2,588 $ 2,588 Interest-bearing deposits due from banks Level 1 64,075 64,075 82,812 82,812 Other investments Level 2 4,450 4,450 4,450 4,450 Federal Reserve Bank stock Level 2 2,099 2,099 2,075 2,075 Federal Home Loan Bank stock Level 2 6,570 6,570 6,570 6,570 Loans receivable, net Level 3 479,936 481,893 479,127 478,160 Accrued interest receivable Level 2 2,075 2,075 2,010 2,010 Financial Liabilities: Demand deposits Level 2 $ 79,483 $ 79,483 $ 85,065 $ 85,065 Savings deposits Level 2 120,051 120,051 108,658 108,658 Money market deposits Level 2 19,007 19,007 19,522 19,522 NOW accounts Level 2 28,913 28,913 28,684 28,684 Time deposits Level 2 145,010 144,775 156,964 156,363 Brokered Deposits Level 1 33,173 33,177 48,154 48,062 FHLB Borrowings Level 2 134,900 134,900 132,000 131,903 Subordinated debentures Level 2 8,248 8,248 8,248 8,248 Note Payable Level 3 1,893 1,829 1,939 1,904 Accrued interest payable Level 2 586 586 532 532 |
Note 2 - Investment Securitie30
Note 2 - Investment Securities (Details) | 3 Months Ended | ||
Mar. 31, 2016USD ($) | Mar. 31, 2015USD ($) | Dec. 31, 2015USD ($) | |
Note 2 - Investment Securities (Details) [Line Items] | |||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 10 | 10 | |
Unrealized Holding Losses Depreciation Percentage from Amortized Cost | 0.70% | 1.30% | |
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities | $ 0 | ||
Proceeds from Sale of Available-for-sale Securities | 0 | $ 0 | |
Municipal Deposits Securities [Member] | |||
Note 2 - Investment Securities (Details) [Line Items] | |||
Available-for-sale Securities Pledged as Collateral | $ 5,200,000 | $ 5,500,000 |
Note 2 - Investment Securitie31
Note 2 - Investment Securities (Details) - Investment Securities - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, amortized cost | $ 28,927 | $ 29,625 |
Available-for-sale securities, gross unrealized losses | (192) | (319) |
Available-for-sale securities, gross unrealized gains | 0 | 71 |
Available-for-sale securities | 28,735 | 29,377 |
US Government Agencies Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, amortized cost | 5,000 | 5,000 |
Available-for-sale securities, gross unrealized losses | (11) | (46) |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities | 4,989 | 4,954 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, amortized cost | 12,927 | 13,625 |
Available-for-sale securities, gross unrealized losses | (78) | (212) |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities | 12,849 | 13,413 |
Corporate Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, amortized cost | 9,000 | 9,000 |
Available-for-sale securities, gross unrealized losses | (103) | (61) |
Available-for-sale securities, gross unrealized gains | 0 | 71 |
Available-for-sale securities | 8,897 | 9,010 |
Subordinated Notes [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities, amortized cost | 2,000 | 2,000 |
Available-for-sale securities, gross unrealized losses | 0 | 0 |
Available-for-sale securities, gross unrealized gains | 0 | 0 |
Available-for-sale securities | $ 2,000 | $ 2,000 |
Note 2 - Investment Securitie32
Note 2 - Investment Securities (Details) - Investment Securities in a Continuous Loss Position - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Note 2 - Investment Securities (Details) - Investment Securities in a Continuous Loss Position [Line Items] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | $ 7,687 | $ 7,817 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (18) | (88) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 19,048 | 16,489 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (174) | (231) |
Available-for-sale securities in continuous loss position, fair value | 26,735 | 24,306 |
Available-for-sale securities in continuous loss position, unrealized loss | (192) | (319) |
US Government Agencies Debt Securities [Member] | ||
Note 2 - Investment Securities (Details) - Investment Securities in a Continuous Loss Position [Line Items] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 4,989 | 4,954 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (11) | (46) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 0 | |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | 0 | |
Available-for-sale securities in continuous loss position, fair value | 4,989 | 4,954 |
Available-for-sale securities in continuous loss position, unrealized loss | (11) | (46) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Note 2 - Investment Securities (Details) - Investment Securities in a Continuous Loss Position [Line Items] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 2,698 | 2,863 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (7) | (42) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 10,151 | 10,550 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (71) | (170) |
Available-for-sale securities in continuous loss position, fair value | 12,849 | 13,413 |
Available-for-sale securities in continuous loss position, unrealized loss | (78) | (212) |
Corporate Debt Securities [Member] | ||
Note 2 - Investment Securities (Details) - Investment Securities in a Continuous Loss Position [Line Items] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 0 | 0 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | 0 | 0 |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 8,897 | 5,939 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (103) | (61) |
Available-for-sale securities in continuous loss position, fair value | 8,897 | 5,939 |
Available-for-sale securities in continuous loss position, unrealized loss | $ (103) | $ (61) |
Note 2 - Investment Securitie33
Note 2 - Investment Securities (Details) - Investment Debt Securities by Contractual Maturity - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Maturity: | ||
Due after five years through ten years | $ 16,000 | |
Due after five years through ten years | 15,886 | |
Total | 28,927 | $ 29,625 |
Total | 28,735 | 29,377 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Maturity: | ||
U.S. Government agency mortgage-backed securities | 12,927 | |
U.S. Government agency mortgage-backed securities | 12,849 | |
Total | 12,927 | 13,625 |
Total | $ 12,849 | $ 13,413 |
Note 3 - Loans Receivable and34
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016USD ($) | Mar. 31, 2015USD ($) | Dec. 31, 2015USD ($) | |
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) [Line Items] | |||
Loans and Leases Receivable, Gross | $ 485,183,000 | $ 484,369,000 | |
Maximum Period of Credit Extension of Construction Loans | 18 months | ||
Period for Charged Off of Open-End Credits | 180 days | ||
Period for Charged Off of Close-End Credits | 120 days | ||
Impaired Financing Receivable, Unpaid Principal Balance | $ 18,559,000 | $ 14,837,000 | |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 139,000 | $ 4,000 | |
Maximum Period for Charged Off of Consumer Installment Loans | 90 days | ||
Number of Non-Accruing Loans | 5 | ||
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 5,409,000 | 1,593,000 | |
Impaired Financing Receivable, Related Allowance | 739,000 | 3,000 | |
Impaired loans | $ 16,581,000 | $ 12,851,000 | |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 0 | |
Non-Accrual Loans [Member] | |||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) [Line Items] | |||
Impaired Financing Receivable, Unpaid Principal Balance | 5,400,000 | 1,600,000 | |
Residential Portfolio Segment [Member] | |||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) [Line Items] | |||
Loans and Leases Receivable, Gross | 108,111,000 | 110,837,000 | |
Impaired Financing Receivable, Unpaid Principal Balance | 5,538,000 | 5,559,000 | |
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,590,000 | 1,590,000 | |
Impaired Financing Receivable, Related Allowance | 0 | 0 | |
Impaired loans | 4,535,000 | 4,556,000 | |
Residential Portfolio Segment [Member] | Reclassified from Commercial and Industrial Portfolio Segment [Member] | |||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) [Line Items] | |||
Loans and Leases Receivable, Gross | 28,200,000 | ||
Commercial Real Estate Portfolio Segment [Member] | |||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) [Line Items] | |||
Loans and Leases Receivable, Gross | $ 243,823,000 | 245,828,000 | |
Maximum Percentage of Credit Extension Based on Market Value of Collateral | 75.00% | ||
Impaired Financing Receivable, Unpaid Principal Balance | $ 9,027,000 | 8,259,000 | |
Financing Receivable, Recorded Investment, Nonaccrual Status | 840,000 | 0 | |
Impaired Financing Receivable, Related Allowance | 0 | 0 | |
Impaired loans | $ 8,521,000 | 7,745,000 | |
Multi-family Real Estate [Member] | |||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) [Line Items] | |||
Maximum Percentage of Credit Extension Based on Market Value of Collateral | 80.00% | ||
Construction Portfolio Segment [Member] | |||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) [Line Items] | |||
Loans and Leases Receivable, Gross | $ 21,748,000 | 15,551,000 | |
Percentage of Maximum Loan to Value | 75.00% | ||
Impaired Financing Receivable, Unpaid Principal Balance | $ 287,000 | 287,000 | |
Financing Receivable, Recorded Investment, Nonaccrual Status | 0 | ||
Impaired Financing Receivable, Related Allowance | 0 | 0 | |
Impaired loans | $ 0 | $ 0 |
Note 3 - Loans Receivable and35
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Company’s Loan Portfolio - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | $ 485,183 | $ 484,369 | ||
Allowance for loan losses | (5,247) | (5,242) | $ (5,193) | $ (4,924) |
Loans receivable, net | 479,936 | 479,127 | ||
Commercial Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 61,027 | 59,752 | ||
Allowance for loan losses | (1,083) | (1,027) | (1,297) | (1,918) |
Commercial Real Estate Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 243,823 | 245,828 | ||
Allowance for loan losses | (1,943) | (1,970) | (2,024) | (1,419) |
Construction Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 21,748 | 15,551 | ||
Allowance for loan losses | (650) | (486) | (222) | (63) |
Construction to Permanent Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 3,638 | 4,880 | ||
Allowance for loan losses | (121) | (123) | (191) | (215) |
Residential Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 108,111 | 110,837 | ||
Allowance for loan losses | (624) | (740) | (730) | (831) |
Consumer Portfolio Segment [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Loans | 46,836 | 47,521 | ||
Allowance for loan losses | $ (609) | $ (677) | $ (711) | $ (478) |
Note 3 - Loans Receivable and36
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Allowance for Loan Losses to Loan Portfolio Segment - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Dec. 31, 2015 | |
Allowance for loan losses: | ||||
Beginning Balance | $ 5,242 | $ 4,924 | ||
Charge-offs | (5) | (10) | ||
Recoveries | 10 | 29 | ||
Provision | 0 | 250 | ||
Ending Balance | 5,247 | 5,193 | ||
December 31, 2015 | ||||
Ending balance: individually evaluated for impairment | $ 739 | $ 3 | ||
Ending balance: collectively evaluated for impairment | 4,508 | 5,239 | ||
Total Allowance for Loan Losses | 5,247 | 4,924 | 5,247 | 5,242 |
March 31, 2016 | ||||
Total Loans ending balance | 485,183 | 484,369 | ||
Ending balance: individually evaluated for impairment | 16,581 | 12,851 | ||
Ending balance: collectively evaluated for impairment | 468,602 | 471,518 | ||
Commercial Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Beginning Balance | 1,027 | 1,918 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 9 | 16 | ||
Provision | 47 | (637) | ||
Ending Balance | 1,083 | 1,297 | ||
December 31, 2015 | ||||
Ending balance: individually evaluated for impairment | 737 | 0 | ||
Ending balance: collectively evaluated for impairment | 346 | 1,027 | ||
Total Allowance for Loan Losses | 1,027 | 1,918 | 1,083 | 1,027 |
March 31, 2016 | ||||
Total Loans ending balance | 61,027 | 59,752 | ||
Ending balance: individually evaluated for impairment | 2,977 | 0 | ||
Ending balance: collectively evaluated for impairment | 58,050 | 59,752 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Beginning Balance | 1,970 | 1,419 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provision | (27) | 605 | ||
Ending Balance | 1,943 | 2,024 | ||
December 31, 2015 | ||||
Ending balance: individually evaluated for impairment | 0 | 0 | ||
Ending balance: collectively evaluated for impairment | 1,943 | 1,970 | ||
Total Allowance for Loan Losses | 1,970 | 1,419 | 1,943 | 1,970 |
March 31, 2016 | ||||
Total Loans ending balance | 243,823 | 245,828 | ||
Ending balance: individually evaluated for impairment | 8,521 | 7,745 | ||
Ending balance: collectively evaluated for impairment | 235,302 | 238,083 | ||
Construction Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Beginning Balance | 486 | 63 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provision | 164 | 159 | ||
Ending Balance | 650 | 222 | ||
December 31, 2015 | ||||
Ending balance: individually evaluated for impairment | 0 | 0 | ||
Ending balance: collectively evaluated for impairment | 650 | 486 | ||
Total Allowance for Loan Losses | 486 | 63 | 650 | 486 |
March 31, 2016 | ||||
Total Loans ending balance | 21,748 | 15,551 | ||
Ending balance: individually evaluated for impairment | 0 | 0 | ||
Ending balance: collectively evaluated for impairment | 21,748 | 15,551 | ||
Construction to Permanent Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Beginning Balance | 123 | 215 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 5 | ||
Provision | (2) | (29) | ||
Ending Balance | 121 | 191 | ||
December 31, 2015 | ||||
Ending balance: individually evaluated for impairment | 0 | 0 | ||
Ending balance: collectively evaluated for impairment | 121 | 123 | ||
Total Allowance for Loan Losses | 123 | 215 | 121 | 123 |
March 31, 2016 | ||||
Total Loans ending balance | 3,638 | 4,880 | ||
Ending balance: individually evaluated for impairment | 0 | 0 | ||
Ending balance: collectively evaluated for impairment | 3,638 | 4,880 | ||
Residential Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Beginning Balance | 740 | 831 | ||
Charge-offs | (5) | (3) | ||
Recoveries | 0 | 0 | ||
Provision | (111) | (98) | ||
Ending Balance | 624 | 730 | ||
December 31, 2015 | ||||
Ending balance: individually evaluated for impairment | 0 | 0 | ||
Ending balance: collectively evaluated for impairment | 624 | 740 | ||
Total Allowance for Loan Losses | 740 | 831 | 624 | 740 |
March 31, 2016 | ||||
Total Loans ending balance | 108,111 | 110,837 | ||
Ending balance: individually evaluated for impairment | 4,535 | 4,556 | ||
Ending balance: collectively evaluated for impairment | 103,576 | 106,281 | ||
Consumer Portfolio Segment [Member] | ||||
Allowance for loan losses: | ||||
Beginning Balance | 677 | 478 | ||
Charge-offs | 0 | (7) | ||
Recoveries | 1 | 8 | ||
Provision | (69) | 232 | ||
Ending Balance | 609 | 711 | ||
December 31, 2015 | ||||
Ending balance: individually evaluated for impairment | 2 | 3 | ||
Ending balance: collectively evaluated for impairment | 607 | 674 | ||
Total Allowance for Loan Losses | 677 | 478 | 609 | 677 |
March 31, 2016 | ||||
Total Loans ending balance | 46,836 | 47,521 | ||
Ending balance: individually evaluated for impairment | 548 | 550 | ||
Ending balance: collectively evaluated for impairment | 46,288 | 46,971 | ||
Unallocated Financing Receivables [Member] | ||||
Allowance for loan losses: | ||||
Beginning Balance | 219 | 0 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provision | (2) | 18 | ||
Ending Balance | 217 | 18 | ||
December 31, 2015 | ||||
Ending balance: individually evaluated for impairment | 0 | 0 | ||
Ending balance: collectively evaluated for impairment | 217 | 219 | ||
Total Allowance for Loan Losses | $ 219 | $ 0 | 217 | 219 |
March 31, 2016 | ||||
Total Loans ending balance | 0 | 0 | ||
Ending balance: individually evaluated for impairment | 0 | 0 | ||
Ending balance: collectively evaluated for impairment | $ 0 | $ 0 |
Note 3 - Loans Receivable and37
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Non-accrual Loans and Past Due Matured Loans - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Commercial & Industrial | ||
Non accrual loans | $ 5,409 | $ 1,593 |
Pass [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 2 | 0 |
Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 5,409 | 1,593 |
Non-Accrual Loans [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 5,409 | 1,593 |
Non accrual loans current | 0 | 0 |
Non-Accrual Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Non-Accrual Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Non-Accrual Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 5,409 | 1,593 |
Commercial Portfolio Segment [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 2,977 | 0 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 2,977 | 0 |
Commercial Portfolio Segment [Member] | Non-Accrual Loans [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 2,977 | 0 |
Non accrual loans current | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-Accrual Loans [Member] | Pass [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Non accrual loans current | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-Accrual Loans [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 2,977 | 0 |
Non accrual loans current | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Pass [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Pass [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 2,977 | 0 |
Commercial Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Pass [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 2,977 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 840 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 840 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Non-Accrual Loans [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 840 | 0 |
Non accrual loans current | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Non-Accrual Loans [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 840 | 0 |
Non accrual loans current | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 840 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 840 | 0 |
Residential Portfolio Segment [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 1,590 | 1,590 |
Residential Portfolio Segment [Member] | Pass [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 0 | 0 |
Residential Portfolio Segment [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 1,590 | 1,590 |
Residential Portfolio Segment [Member] | Non-Accrual Loans [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 1,590 | 1,590 |
Non accrual loans current | 0 | 0 |
Residential Portfolio Segment [Member] | Non-Accrual Loans [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 1,590 | 1,590 |
Non accrual loans current | 0 | 0 |
Residential Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Residential Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Residential Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Residential Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Residential Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 1,590 | 1,590 |
Residential Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 1,590 | 1,590 |
Consumer Portfolio Segment [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 2 | 3 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 2 | 0 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans | 2 | 3 |
Consumer Portfolio Segment [Member] | Non-Accrual Loans [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 2 | 3 |
Non accrual loans current | 0 | 0 |
Consumer Portfolio Segment [Member] | Non-Accrual Loans [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 2 | 3 |
Non accrual loans current | 0 | 0 |
Consumer Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Consumer Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Consumer Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Consumer Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 0 | 0 |
Consumer Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | 2 | 3 |
Consumer Portfolio Segment [Member] | Non-Accrual Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | ||
Commercial & Industrial | ||
Non accrual loans past due | $ 2 | $ 3 |
Note 3 - Loans Receivable and38
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | $ 485,183 | $ 484,369 |
Non-accrual loans | 485,183 | 484,369 |
Loans | 5,409 | 1,593 |
Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 472,844 | 471,960 |
Non-accrual loans | 472,844 | 471,960 |
Loans | 2 | 0 |
Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 5,282 | 5,322 |
Non-accrual loans | 5,282 | 5,322 |
Loans | 0 | 0 |
Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 7,059 | 7,087 |
Non-accrual loans | 7,059 | 7,087 |
Loans | 5,409 | 1,593 |
Performing Financial Instruments [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 6,377 | 7,063 |
Performing (accruing) loans current | 479,774 | 482,776 |
Performing (accruing) loans | 473,397 | 475,713 |
Non-accrual loans | 479,774 | 482,776 |
Performing Financial Instruments [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 5,753 | 3,246 |
Performing (accruing) loans current | 472,842 | 471,960 |
Performing (accruing) loans | 467,089 | 468,714 |
Non-accrual loans | 472,842 | 471,960 |
Performing Financial Instruments [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 624 | 0 |
Performing (accruing) loans current | 5,282 | 5,322 |
Performing (accruing) loans | 4,658 | 5,322 |
Non-accrual loans | 5,282 | 5,322 |
Performing Financial Instruments [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 3,817 |
Performing (accruing) loans current | 1,650 | 5,494 |
Performing (accruing) loans | 1,650 | 1,677 |
Non-accrual loans | 1,650 | 5,494 |
Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 5,753 | 4,323 |
Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 5,753 | 506 |
Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 3,817 |
Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 624 | 694 |
Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 694 |
Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 624 | 0 |
Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 2,046 |
Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 2,046 |
Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Construction Portfolio Segment [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 21,748 | 15,551 |
Non-accrual loans | 21,748 | 15,551 |
Loans | 0 | 0 |
Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Performing (accruing) loans current | 21,748 | 15,551 |
Performing (accruing) loans | 21,748 | 15,551 |
Non-accrual loans | 21,748 | 15,551 |
Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Construction to Permanent Portfolio Segment [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 4,880 | |
Non-accrual loans | 4,880 | |
Loans | 0 | |
Construction to Permanent Portfolio Segment [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 0 | |
Non-accrual loans | 0 | |
Loans | 0 | |
Construction to Permanent Portfolio Segment [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 0 | |
Non-accrual loans | 0 | |
Loans | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Performing (accruing) loans current | 4,880 | |
Performing (accruing) loans | 4,880 | |
Non-accrual loans | 4,880 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Performing (accruing) loans current | 0 | |
Performing (accruing) loans | 0 | |
Non-accrual loans | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Performing (accruing) loans current | 0 | |
Performing (accruing) loans | 0 | |
Non-accrual loans | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Commercial Portfolio Segment [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 61,027 | 59,752 |
Non-accrual loans | 61,027 | 59,752 |
Loans | 2,977 | 0 |
Commercial Portfolio Segment [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 58,045 | 56,768 |
Non-accrual loans | 58,045 | 56,768 |
Loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 0 | |
Non-accrual loans | 0 | |
Loans | 0 | 0 |
Commercial Portfolio Segment [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 2,982 | 2,984 |
Non-accrual loans | 2,982 | 2,984 |
Loans | 2,977 | 0 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 4,145 |
Performing (accruing) loans current | 58,050 | 59,752 |
Performing (accruing) loans | 58,050 | 55,607 |
Non-accrual loans | 58,050 | 59,752 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 1,168 |
Performing (accruing) loans current | 58,045 | 56,768 |
Performing (accruing) loans | 58,045 | 55,600 |
Non-accrual loans | 58,045 | 56,768 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Performing (accruing) loans current | 0 | |
Performing (accruing) loans | 0 | |
Non-accrual loans | 0 | |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 2,977 |
Performing (accruing) loans current | 5 | 2,984 |
Performing (accruing) loans | 5 | 7 |
Non-accrual loans | 5 | 2,984 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 3,020 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 43 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 2,977 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 605 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 605 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 520 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 520 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 243,823 | 245,828 |
Non-accrual loans | 243,823 | 245,828 |
Loans | 840 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 236,056 | 237,996 |
Non-accrual loans | 236,056 | 237,996 |
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 5,282 | 5,322 |
Non-accrual loans | 5,282 | 5,322 |
Loans | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 2,485 | 2,510 |
Non-accrual loans | 2,485 | 2,510 |
Loans | 840 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 6,374 | 840 |
Performing (accruing) loans current | 242,983 | 245,828 |
Performing (accruing) loans | 236,609 | 244,988 |
Non-accrual loans | 242,983 | 245,828 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 5,750 | 0 |
Performing (accruing) loans current | 236,056 | 237,996 |
Performing (accruing) loans | 230,306 | 237,996 |
Non-accrual loans | 236,056 | 237,996 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 624 | 0 |
Performing (accruing) loans current | 5,282 | 5,322 |
Performing (accruing) loans | 4,658 | 5,322 |
Non-accrual loans | 5,282 | 5,322 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 840 |
Performing (accruing) loans current | 1,645 | 2,510 |
Performing (accruing) loans | 1,645 | 1,670 |
Non-accrual loans | 1,645 | 2,510 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 5,750 | 840 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 5,750 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 840 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 624 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 624 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Construction Portfolio Segment [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 21,748 | 15,551 |
Non-accrual loans | 21,748 | 15,551 |
Loans | 0 | |
Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Performing (accruing) loans current | 15,551 | |
Performing (accruing) loans | 15,551 | |
Non-accrual loans | 15,551 | |
Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction Portfolio Segment [Member] | Construction Portfolio Segment [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 21,748 | |
Non-accrual loans | 21,748 | |
Loans | 0 | |
Construction Portfolio Segment [Member] | Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Performing (accruing) loans current | 21,748 | |
Performing (accruing) loans | 21,748 | |
Non-accrual loans | 21,748 | |
Construction Portfolio Segment [Member] | Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction Portfolio Segment [Member] | Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction Portfolio Segment [Member] | Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 3,638 | 4,880 |
Non-accrual loans | 3,638 | 4,880 |
Loans | 0 | |
Construction to Permanent Portfolio Segment [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 3,638 | |
Non-accrual loans | 3,638 | |
Loans | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Performing (accruing) loans current | 3,638 | |
Performing (accruing) loans | 3,638 | |
Non-accrual loans | 3,638 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Performing (accruing) loans current | 3,638 | |
Performing (accruing) loans | 3,638 | |
Non-accrual loans | 3,638 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 4,880 | |
Non-accrual loans | 4,880 | |
Loans | 0 | |
Construction to Permanent Portfolio Segment [Member] | Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Performing (accruing) loans current | 4,880 | |
Performing (accruing) loans | 4,880 | |
Non-accrual loans | 4,880 | |
Construction to Permanent Portfolio Segment [Member] | Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Construction to Permanent Portfolio Segment [Member] | Construction to Permanent Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Residential Portfolio Segment [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 108,111 | 110,837 |
Non-accrual loans | 108,111 | 110,837 |
Loans | 1,590 | 1,590 |
Residential Portfolio Segment [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 106,521 | 109,247 |
Non-accrual loans | 106,521 | 109,247 |
Loans | 0 | 0 |
Residential Portfolio Segment [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 0 | |
Non-accrual loans | 0 | |
Loans | 0 | |
Residential Portfolio Segment [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 1,590 | 1,590 |
Non-accrual loans | 1,590 | 1,590 |
Loans | 1,590 | 1,590 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 1,758 |
Performing (accruing) loans current | 106,521 | 109,247 |
Performing (accruing) loans | 106,521 | 107,489 |
Non-accrual loans | 106,521 | 109,247 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 1,758 |
Performing (accruing) loans current | 106,521 | 109,247 |
Performing (accruing) loans | 106,521 | 107,489 |
Non-accrual loans | 106,521 | 109,247 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Performing (accruing) loans current | 0 | |
Performing (accruing) loans | 0 | |
Non-accrual loans | 0 | |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Performing (accruing) loans current | 0 | 0 |
Performing (accruing) loans | 0 | 0 |
Non-accrual loans | 0 | 0 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 154 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 154 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 87 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 87 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 1,517 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 1,517 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 0 |
Consumer Portfolio Segment [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 46,836 | 47,521 |
Non-accrual loans | 46,836 | 47,521 |
Loans | 2 | 3 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 46,836 | 47,518 |
Non-accrual loans | 46,836 | 47,518 |
Loans | 2 | 0 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 0 | |
Non-accrual loans | 0 | |
Loans | 0 | |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans current | 3 | |
Non-accrual loans | 3 | |
Loans | 2 | 3 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 3 | 320 |
Performing (accruing) loans current | 46,834 | 47,518 |
Performing (accruing) loans | 46,831 | 47,198 |
Non-accrual loans | 46,834 | 47,518 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 3 | 320 |
Performing (accruing) loans current | 46,834 | 47,518 |
Performing (accruing) loans | 46,831 | 47,198 |
Non-accrual loans | 46,834 | 47,518 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Performing (accruing) loans current | 0 | |
Performing (accruing) loans | 0 | |
Non-accrual loans | 0 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Performing (accruing) loans current | 0 | |
Performing (accruing) loans | 0 | |
Non-accrual loans | 0 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 3 | 309 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 3 | 309 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 2 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 2 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | 9 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Pass [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | $ 0 | 9 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Special Mention [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | 0 | |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | ||
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Delinquency Status of Performing (Accruing) Loans [Line Items] | ||
Performing (accruing) loans past due | $ 0 |
Note 3 - Loans Receivable and39
Note 3 - Loans Receivable and Allowance for Loan Losses (Details) - Impaired Loans - USD ($) | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
With no related allowance recorded: | |||
With no allowance recorded, recorded investment | $ 13,602,000 | $ 12,848,000 | |
With no allowance recorded, unpaid principal balance | 15,580,000 | 14,834,000 | |
With no allowance recorded, average recorded investment | 12,358,000 | $ 12,374,000 | |
With no allowance recorded, interest income recognized | 127,000 | 131,000 | |
With an allowance recorded: | |||
With allowance recorded, recorded investment | 2,979,000 | 3,000 | |
With allowance recorded, unpaid principal balance | 2,979,000 | 3,000 | |
Related allowance | 739,000 | 3,000 | |
With allowance recorded, average recorded investment | 2,979,000 | 2,000 | |
With allowance recorded, interest income recognized | 0 | 0 | |
Recorded investment | 16,581,000 | 12,851,000 | |
Unpaid principal balance | 18,559,000 | 14,837,000 | |
Related allowance | 739,000 | 3,000 | |
Average recorded investment | 15,337,000 | 12,376,000 | |
Interest income recognized | 127,000 | 131,000 | |
Commercial Portfolio Segment [Member] | |||
With no related allowance recorded: | |||
With no allowance recorded, recorded investment | 0 | 0 | |
With no allowance recorded, unpaid principal balance | 96,000 | 96,000 | |
With no allowance recorded, average recorded investment | 0 | 1,000 | |
With no allowance recorded, interest income recognized | 0 | 0 | |
With an allowance recorded: | |||
With allowance recorded, recorded investment | 2,977,000 | ||
With allowance recorded, unpaid principal balance | 2,977,000 | ||
Related allowance | 737,000 | ||
With allowance recorded, average recorded investment | 2,977,000 | 0 | |
With allowance recorded, interest income recognized | 0 | 0 | |
Recorded investment | 2,977,000 | ||
Unpaid principal balance | 3,073,000 | 96,000 | |
Related allowance | 737,000 | ||
Average recorded investment | 2,977,000 | 1,000 | |
Interest income recognized | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | |||
With no related allowance recorded: | |||
With no allowance recorded, recorded investment | 8,521,000 | 7,745,000 | |
With no allowance recorded, unpaid principal balance | 9,027,000 | 8,259,000 | |
With no allowance recorded, average recorded investment | 7,270,000 | 8,296,000 | |
With no allowance recorded, interest income recognized | 91,000 | 95,000 | |
With an allowance recorded: | |||
With allowance recorded, recorded investment | 0 | ||
With allowance recorded, unpaid principal balance | 0 | ||
Related allowance | 0 | 0 | |
With allowance recorded, average recorded investment | 0 | 0 | |
With allowance recorded, interest income recognized | 0 | 0 | |
Recorded investment | 8,521,000 | 7,745,000 | |
Unpaid principal balance | 9,027,000 | 8,259,000 | |
Related allowance | 0 | 0 | |
Average recorded investment | 7,270,000 | 8,296,000 | |
Interest income recognized | 91,000 | 95,000 | |
Construction Portfolio Segment [Member] | |||
With no related allowance recorded: | |||
With no allowance recorded, recorded investment | 0 | 0 | |
With no allowance recorded, unpaid principal balance | 287,000 | 287,000 | |
With an allowance recorded: | |||
With allowance recorded, recorded investment | 0 | ||
With allowance recorded, unpaid principal balance | 0 | ||
Related allowance | 0 | 0 | |
Recorded investment | 0 | 0 | |
Unpaid principal balance | 287,000 | 287,000 | |
Related allowance | 0 | 0 | |
Residential Portfolio Segment [Member] | |||
With no related allowance recorded: | |||
With no allowance recorded, recorded investment | 4,535,000 | 4,556,000 | |
With no allowance recorded, unpaid principal balance | 5,538,000 | 5,559,000 | |
With no allowance recorded, average recorded investment | 4,542,000 | 3,525,000 | |
With no allowance recorded, interest income recognized | 31,000 | 32,000 | |
With an allowance recorded: | |||
With allowance recorded, recorded investment | 0 | ||
With allowance recorded, unpaid principal balance | 0 | ||
Related allowance | 0 | 0 | |
With allowance recorded, average recorded investment | 0 | 0 | |
With allowance recorded, interest income recognized | 0 | 0 | |
Recorded investment | 4,535,000 | 4,556,000 | |
Unpaid principal balance | 5,538,000 | 5,559,000 | |
Related allowance | 0 | 0 | |
Average recorded investment | 4,542,000 | 3,525,000 | |
Interest income recognized | 31,000 | 32,000 | |
Consumer Portfolio Segment [Member] | |||
With no related allowance recorded: | |||
With no allowance recorded, recorded investment | 546,000 | 547,000 | |
With no allowance recorded, unpaid principal balance | 632,000 | 633,000 | |
With no allowance recorded, average recorded investment | 546,000 | 552,000 | |
With no allowance recorded, interest income recognized | 5,000 | 4,000 | |
With an allowance recorded: | |||
With allowance recorded, recorded investment | 2,000 | 3,000 | |
With allowance recorded, unpaid principal balance | 2,000 | 3,000 | |
Related allowance | 2,000 | 3,000 | |
With allowance recorded, average recorded investment | 2,000 | 2,000 | |
With allowance recorded, interest income recognized | 0 | 0 | |
Recorded investment | 548,000 | 550,000 | |
Unpaid principal balance | 634,000 | 636,000 | |
Related allowance | 2,000 | 3,000 | |
Average recorded investment | 548,000 | 554,000 | |
Interest income recognized | 5,000 | $ 4,000 | |
Other Portfolio Segment [Member] | |||
With no related allowance recorded: | |||
With no allowance recorded, recorded investment | 0 | ||
With no allowance recorded, unpaid principal balance | $ 0 | ||
Construction to Permanent Portfolio Segment [Member] | |||
With no related allowance recorded: | |||
With no allowance recorded, recorded investment | 0 | ||
With no allowance recorded, unpaid principal balance | $ 0 |
Note 4 - Deposits (Details) - S
Note 4 - Deposits (Details) - Summary of the Company's Deposits - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Summary of the Company's Deposits [Abstract] | ||
Non-interest bearing | $ 79,483 | $ 85,065 |
Interest bearing | ||
NOW | 28,913 | 28,684 |
Savings | 120,051 | 108,658 |
Money market | 19,007 | 19,522 |
Time certificates, less than $250,000 | 128,490 | 139,455 |
Time certificates, $250,000 or more | 16,520 | 17,509 |
Brokered Deposits | 33,173 | 48,154 |
Total interest bearing | 346,154 | 361,982 |
Total Deposits | $ 425,637 | $ 447,047 |
Note 5 - Share-based Compensa41
Note 5 - Share-based Compensation (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Note 5 - Share-based Compensation (Details) [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 3,000,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 2,815,000 | ||
Allocated Share-based Compensation Expense (in Dollars) | $ 154,000 | $ 114,000 | $ 114,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 0 | 0 | |
Restricted Stock [Member] | |||
Note 5 - Share-based Compensation (Details) [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 58,084 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options (in Dollars) | $ 1,500,000 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 259 days | ||
Restricted Stock [Member] | Director [Member] | |||
Note 5 - Share-based Compensation (Details) [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 5,884 | ||
Restricted Stock [Member] | Employee [Member] | |||
Note 5 - Share-based Compensation (Details) [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 52,200 | ||
Restricted Stock [Member] | Share-based Compensation Award, Tranche One [Member] | |||
Note 5 - Share-based Compensation (Details) [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||
Restricted Stock [Member] | Share-based Compensation Award, Tranche Two [Member] | |||
Note 5 - Share-based Compensation (Details) [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | ||
Restricted Stock [Member] | Share-based Compensation Award, Tranche Three [Member] | |||
Note 5 - Share-based Compensation (Details) [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years |
Note 5 - Share-based Compensa42
Note 5 - Share-based Compensation (Details) - Summary of Restricted Shares - Restricted Stock [Member] | 3 Months Ended |
Mar. 31, 2016$ / sharesshares | |
Note 5 - Share-based Compensation (Details) - Summary of Restricted Shares [Line Items] | |
Non-vested, number of shares awarded | shares | 55,854 |
Non-vested, weighted average grant date fair value | $ / shares | $ 12.83 |
Granted | shares | 58,084 |
Granted | $ / shares | $ 15.25 |
Non-vested, number of shares awarded | shares | 113,938 |
Non-vested, weighted average grant date fair value | $ / shares | $ 14.06 |
Note 6 - Income Taxes (Details)
Note 6 - Income Taxes (Details) - USD ($) | 3 Months Ended | |||
Mar. 31, 2016 | Mar. 31, 2015 | Sep. 30, 2014 | Dec. 31, 2015 | |
Income Tax Disclosure [Abstract] | ||||
Income Tax Expense (Benefit) | $ 418,000 | $ 201,000 | ||
Valuation Allowance Percentage Released | 96.70% | |||
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | $ (16,800,000) | |||
Increase (Decrease) in Deferred Income Taxes | (408,000,000,000) | |||
Deferred Tax Assets, Net | $ 13,400,000 | $ 13,800,000 |
Note 7 - Income Per Share (Deta
Note 7 - Income Per Share (Details) - shares | Mar. 31, 2016 | Dec. 31, 2015 |
Earnings Per Share [Abstract] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | 0 | 0 |
Note 7 - Income Per Share (De45
Note 7 - Income Per Share (Details) - Computation of Income (Loss) Per Share - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Note 7 - Income Per Share (Details) - Computation of Income (Loss) Per Share [Line Items] | ||
Net Income | $ 653,000 | $ 289,000 |
Basic Earnings Per Share - Weighted Average Common Shares Outstanding | 3,956,207 | 3,871,849 |
Basic Earnings Per Share - Amount | $ 0.17 | $ 0.07 |
Effect of Dilutive Securities | ||
Diluted Earnings Per Share - Weighted Average Common Shares Outstanding | 3,988,686 | 3,889,744 |
Diluted Earnings Per Share - Amount | $ 0.16 | $ 0.07 |
Restricted Stock [Member] | ||
Effect of Dilutive Securities | ||
Net Income | ||
Non-vested Restricted Stock Grants - Weighted Average Common Shares Outstanding | 32,479 | 17,895 |
Non-vested Restricted Stock Grants - Amount |
Note 8 - Borrowings (Details)
Note 8 - Borrowings (Details) | 1 Months Ended | 3 Months Ended | 12 Months Ended | |
Sep. 30, 2015USD ($) | Jun. 30, 2014USD ($) | Mar. 31, 2016USD ($) | Dec. 31, 2015USD ($) | |
Note 8 - Borrowings (Details) [Line Items] | ||||
Advances from Federal Home Loan Banks | $ 134,900,000 | $ 132,000,000 | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 213,200,000 | |||
Derivative, Variable Interest Rate | 3.78% | |||
Number of Consecutive Quarters for Interest Deferment | 20 | |||
Interest Expense, Debt | $ 1,600,000 | |||
Interest Payable | $ 510,000 | |||
Proceeds from Notes Payable | $ 2,000,000 | |||
London Interbank Offered Rate (LIBOR) [Member] | ||||
Note 8 - Borrowings (Details) [Line Items] | ||||
Debt Instrument, Basis Spread on Variable Rate | 3.15% | |||
Unsecured Debt [Member] | Trust [Member] | ||||
Note 8 - Borrowings (Details) [Line Items] | ||||
Subordinated Debt | $ 8,200,000 | |||
Notes Payable, Other Payables [Member] | ||||
Note 8 - Borrowings (Details) [Line Items] | ||||
Debt Instrument, Term | 10 years | |||
Debt Instrument, Interest Rate, Stated Percentage | 1.75% | |||
Minimum [Member] | ||||
Note 8 - Borrowings (Details) [Line Items] | ||||
Federal Home Loan Bank, Advances, Maturity Period, Fixed Rate | 6 days | |||
Federal Home Loan Bank, Advances, Interest Rate | 0.02% | |||
Maximum [Member] | ||||
Note 8 - Borrowings (Details) [Line Items] | ||||
Federal Home Loan Bank, Advances, Maturity Period, Fixed Rate | 59 months | |||
Federal Home Loan Bank, Advances, Interest Rate | 0.47% |
Note 9 - Other Comprehensive 47
Note 9 - Other Comprehensive Income (Details) - Other Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Other Comprehensive Income [Abstract] | ||
Unrealized holding gains arising during the period - Before Tax Amount | $ 56 | $ 267 |
Unrealized holding gains arising during the period - Tax Effect | (21) | (104) |
Unrealized holding gains arising during the period - Net of Tax Amount | $ 35 | $ 163 |
Note 10 - Financial Instrumen48
Note 10 - Financial Instruments with Off-balance Sheet Risk (Details) | Mar. 31, 2016USD ($) |
Risks and Uncertainties [Abstract] | |
Banks Reserve Based on Analysis in Unfunded Commitments | $ 5,000 |
Note 10 - Financial Instrumen49
Note 10 - Financial Instruments with Off-balance Sheet Risk (Details) - Contractual Amounts Represent Credit Risk $ in Thousands | Mar. 31, 2016USD ($) |
Note 10 - Financial Instruments with Off-balance Sheet Risk (Details) - Contractual Amounts Represent Credit Risk [Line Items] | |
Commitments to extend credit | $ 87,036 |
Future Loan Commitments [Member] | |
Note 10 - Financial Instruments with Off-balance Sheet Risk (Details) - Contractual Amounts Represent Credit Risk [Line Items] | |
Commitments to extend credit | 11,758 |
Home Equity Lines of Credit [Member] | |
Note 10 - Financial Instruments with Off-balance Sheet Risk (Details) - Contractual Amounts Represent Credit Risk [Line Items] | |
Commitments to extend credit | 25,671 |
Unused Line of Credit [Member] | |
Note 10 - Financial Instruments with Off-balance Sheet Risk (Details) - Contractual Amounts Represent Credit Risk [Line Items] | |
Commitments to extend credit | 20,880 |
Undisbursed Construction Loans [Member] | |
Note 10 - Financial Instruments with Off-balance Sheet Risk (Details) - Contractual Amounts Represent Credit Risk [Line Items] | |
Commitments to extend credit | 26,845 |
Financial Standy Letter of Credit [Member] | |
Note 10 - Financial Instruments with Off-balance Sheet Risk (Details) - Contractual Amounts Represent Credit Risk [Line Items] | |
Commitments to extend credit | $ 1,882 |
Note 11 - Regulatory and Oper50
Note 11 - Regulatory and Operational Matters (Details) | Jan. 01, 2019 | Mar. 31, 2016 |
Note 11 - Regulatory and Operational Matters (Details) [Line Items] | ||
Capital Conservation Buffer | 2.50% | |
Capital Conservation Buffer Phase In Amount | 0.625% | |
Scenario, Forecast [Member] | ||
Note 11 - Regulatory and Operational Matters (Details) [Line Items] | ||
7.00% | ||
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 8.50% | |
Capital Required for Capital Adequacy to Risk Weighted Assets | 10.50% |
Note 11 - Regulatory and Oper51
Note 11 - Regulatory and Operational Matters (Details) - Company’s and Bank’s Actual Capital Amounts and Ratios - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Parent Company [Member] | ||
The Company: | ||
Tier 1 Capital (to Average Assets) Actual Amount | $ 60,086 | $ 64,845 |
Tier 1 Capital (to Average Assets) Actual Ratio | 9.80% | 12.62% |
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes Amount | $ 24,531 | $ 41,101 |
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes Ratio | 4.00% | 8.00% |
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes With Capital Buffer Amount | ||
Tier 1 Capital (to Average Assets) For Capital Adequacy With Capital Buffer Purposes Ratio | ||
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | ||
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Amount | $ 52,086 | $ 51,595 |
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio | 10.03% | 10.04% |
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 23,361 | $ 23,119 |
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 4.50% | 4.50% |
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy With Capital Buffer Purposes Amount | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | ||
Tier 1 Capital (to Risk Weighted Assets) Actual Amount | $ 60,086 | $ 59,595 |
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio | 11.57% | 11.60% |
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 31,148 | $ 30,826 |
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 6.00% | 6.00% |
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | ||
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy With Capital Buffer Purposes Ratio | ||
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | ||
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | ||
Total Capital (to Risk Weighted Assets) Actual Amount | $ 65,341 | $ 59,595 |
Total Capital (to Risk Weighted Assets) Actual Ratio | 12.59% | 9.77% |
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 41,531 | $ 24,401 |
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 8.00% | 4.00% |
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | ||
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | ||
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | ||
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | ||
Bank [Member] | ||
The Company: | ||
Tier 1 Capital (to Average Assets) Actual Amount | $ 61,027 | $ 65,207 |
Tier 1 Capital (to Average Assets) Actual Ratio | 9.95% | 12.74% |
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes Amount | $ 24,544 | $ 40,941 |
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes Ratio | 4.00% | 8.00% |
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes With Capital Buffer Amount | ||
Tier 1 Capital (to Average Assets) For Capital Adequacy With Capital Buffer Purposes Ratio | ||
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | $ 30,679 | $ 51,177 |
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 5.00% | 10.00% |
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Amount | $ 61,027 | $ 59,958 |
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio | 11.79% | 11.72% |
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 23,296 | $ 23,029 |
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 4.50% | 4.50% |
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy With Capital Buffer Purposes Amount | $ 26,531 | |
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | 5.125% | |
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | $ 33,649 | $ 33,265 |
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 6.50% | 6.50% |
Tier 1 Capital (to Risk Weighted Assets) Actual Amount | $ 61,027 | $ 59,958 |
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio | 11.79% | 11.72% |
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 31,061 | $ 30,706 |
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 6.00% | 6.00% |
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | $ 34,296 | |
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy With Capital Buffer Purposes Ratio | 6.625% | |
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | $ 41,414 | $ 40,941 |
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 8.00% | 8.00% |
Total Capital (to Risk Weighted Assets) Actual Amount | $ 66,282 | $ 59,958 |
Total Capital (to Risk Weighted Assets) Actual Ratio | 12.80% | 9.83% |
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 41,414 | $ 24,393 |
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 8.00% | 4.00% |
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | $ 44,650 | |
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | 8.625% | |
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | $ 51,768 | $ 30,491 |
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 10.00% | 5.00% |
Note 12 - Fair Value and Inte52
Note 12 - Fair Value and Interest Rate Risk (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Note 12 - Fair Value and Interest Rate Risk (Details) [Line Items] | ||
Other Investments | $ 4,450 | $ 4,450 |
Solomon Hess SBA Loan Fund [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) [Line Items] | ||
Other Investments | $ 4,500 |
Note 12 - Fair Value and Inte53
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | $ 28,735 | $ 29,377 |
Fair Value, Measurements, Recurring [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 28,735 | 29,377 |
US Government Agencies Debt Securities [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 4,989 | 4,954 |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 4,989 | 4,954 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 12,849 | 13,413 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 12,849 | 13,413 |
Corporate Debt Securities [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 8,897 | 9,010 |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 8,897 | 9,010 |
Subordinated Notes [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 2,000 | 2,000 |
Subordinated Notes [Member] | Fair Value, Measurements, Recurring [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 2,000 | 2,000 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 28,735 | 29,377 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 4,989 | 4,954 |
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 12,849 | 13,413 |
Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | 8,897 | 9,010 |
Fair Value, Inputs, Level 2 [Member] | Subordinated Notes [Member] | Fair Value, Measurements, Recurring [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Recurring Basis [Line Items] | ||
Available-for-sale securities | $ 2,000 | $ 2,000 |
Note 12 - Fair Value and Inte54
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Non-recurring Basis - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Non-recurring Basis [Line Items] | ||
Impaired loans | $ 16,581 | $ 12,851 |
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Non-recurring Basis [Line Items] | ||
Impaired loans | 2,240 | 363 |
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Note 12 - Fair Value and Interest Rate Risk (Details) - Financial Assets Measured at Fair Value on a Non-recurring Basis [Line Items] | ||
Impaired loans | $ 2,240 | $ 363 |
Note 12 - Fair Value and Inte55
Note 12 - Fair Value and Interest Rate Risk (Details) - Quantitative Information About Level 3 Fair Value Measurements - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2015 | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Fair value (in Dollars) | $ 16,581 | $ 12,851 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value of Collateral Approach [Member] | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Fair value (in Dollars) | [1],[2],[3] | $ 2,240 | $ 363 |
Range | [1],[2],[3] | 8.00% | |
Weighted average | [1],[2],[3] | (8.00%) | |
Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value of Collateral Approach [Member] | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Range | [1],[2],[3] | 14.00% | |
Weighted average | [1],[2],[3] | (14.00%) | |
Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value of Collateral Approach [Member] | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Range | [1],[2],[3] | 23.00% | |
Weighted average | [1],[2],[3] | (23.00%) | |
Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value of Collateral Approach [Member] | |||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |||
Range | [1],[2],[3] | 16.00% | 8.00% |
Weighted average | [1],[2],[3] | (16.00%) | (8.00%) |
[1] | Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. | ||
[2] | Fair value is generally determined through independent appraisals of the underlying collateral, which include Level 3 inputs that are not identifiable. | ||
[3] | The range and weighted average of qualitative factors such as economic conditions and estimated liquidation expenses are presented as a percent of the appraised value. |
Note 12 - Fair Value and Inte56
Note 12 - Fair Value and Interest Rate Risk (Details) - Carrying Amounts and Estimated Fair Values of Financial Instruments - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Financial Assets: | ||
Cash and noninterest bearing balances due from banks | $ 2,931,000 | $ 2,588,000 |
Interest-bearing deposits due from banks | 64,075,000 | 82,812,000 |
Other investments | 4,450,000 | 4,450,000 |
Federal Reserve Bank stock | 2,099,000 | 2,075,000 |
Federal Home Loan Bank stock | 6,570,000 | 6,570,000 |
Loans receivable, net | 479,936,000 | 479,127,000 |
Accrued interest receivable | 2,075,000 | 2,010,000 |
Financial Liabilities: | ||
Savings deposits | 120,051,000 | 108,658,000 |
Money market deposits | 19,007,000 | 19,522,000 |
NOW accounts | 28,913,000 | 28,684,000 |
Brokered Deposits | 33,173,000 | 48,154,000 |
FHLB Borrowings | 134,900,000 | 132,000,000 |
Note Payable | 1,893,000 | 1,939,000 |
Accrued interest payable | 510,000 | |
Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets: | ||
Cash and noninterest bearing balances due from banks | 2,931,000 | 2,588,000 |
Cash and noninterest bearing balances due from banks | 2,931,000 | 2,588,000 |
Interest-bearing deposits due from banks | 64,075,000 | 82,812,000 |
Interest-bearing deposits due from banks | 64,075,000 | 82,812,000 |
Financial Liabilities: | ||
Brokered Deposits | 33,173,000 | 48,154,000 |
Brokered Deposits | 33,177,000 | 48,062,000 |
Fair Value, Inputs, Level 2 [Member] | ||
Financial Assets: | ||
Other investments | 4,450,000 | 4,450,000 |
Other investments | 4,450,000 | 4,450,000 |
Federal Reserve Bank stock | 2,099,000 | 2,075,000 |
Federal Reserve Bank stock | 2,099,000 | 2,075,000 |
Federal Home Loan Bank stock | 6,570,000 | 6,570,000 |
Federal Home Loan Bank stock | 6,570,000 | 6,570,000 |
Accrued interest receivable | 2,075,000 | 2,010,000 |
Accrued interest receivable | 2,075,000 | 2,010,000 |
Financial Liabilities: | ||
Demand deposits | 79,483,000 | 85,065,000 |
Demand deposits | 79,483,000 | 85,065,000 |
Savings deposits | 120,051,000 | 108,658,000 |
Savings deposits | 120,051,000 | 108,658,000 |
Money market deposits | 19,007,000 | 19,522,000 |
Money market deposits | 19,007,000 | 19,522,000 |
NOW accounts | 28,913,000 | 28,684,000 |
NOW accounts | 28,913,000 | 28,684,000 |
Time deposits | 145,010,000 | 156,964,000 |
Time deposits | 144,775,000 | 156,363,000 |
FHLB Borrowings | 134,900,000 | 132,000,000 |
FHLB Borrowings | 134,900,000 | 131,903,000 |
Subordinated debentures | 8,248,000 | 8,248,000 |
Subordinated debentures | 8,248,000 | 8,248,000 |
Accrued interest payable | 586,000 | 532,000 |
Accrued interest payable | 586,000 | 532,000 |
Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets: | ||
Loans receivable, net | 479,936,000 | 479,127,000 |
Loans receivable, net | 481,893,000 | 478,160,000 |
Financial Liabilities: | ||
Note Payable | 1,893,000 | 1,939,000 |
Note Payable | $ 1,829,000 | $ 1,904,000 |