Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2018 | May 07, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | PATRIOT NATIONAL BANCORP INC | |
Entity Central Index Key | 1,098,146 | |
Trading Symbol | pnbk | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 3,903,878 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Cash and due from banks: | ||
Noninterest bearing deposits and cash | $ 3,865 | $ 3,582 |
Interest bearing deposits | 58,127 | 45,659 |
Total cash and cash equivalents | 61,992 | 49,241 |
Investment securities: | ||
Available-for-sale securities, at fair value | 24,793 | 25,576 |
Other investments, at cost | 4,450 | 4,450 |
Total investment securities | 29,243 | 30,026 |
Federal Reserve Bank stock, at cost | 2,526 | 2,502 |
Federal Home Loan Bank stock, at cost | 5,889 | 5,889 |
Loans receivable (net of allowance for loan losses: 2018: $6,485, 2017: $6,297) | 718,070 | 713,350 |
Accrued interest and dividends receivable | 3,505 | 3,496 |
Premises and equipment, net | 35,638 | 35,358 |
Deferred tax asset | 11,335 | 10,397 |
Other assets | 2,219 | 1,821 |
Total assets | 870,417 | 852,080 |
Deposits: | ||
Noninterest bearing deposits | 71,736 | 81,197 |
Interest bearing deposits | 583,562 | 556,242 |
Total deposits | 655,298 | 637,439 |
Federal Home Loan Bank and correspondent bank borrowings | 120,000 | 120,000 |
Senior notes, net | 11,722 | 11,703 |
Junior subordinated debt owed to unconsolidated trust | 8,088 | 8,086 |
Note payable | 1,532 | 1,580 |
Advances from borrowers for taxes and insurance | 1,904 | 2,829 |
Accrued expenses and other liabilities | 4,268 | 3,694 |
Total liabilities | 802,812 | 785,331 |
Commitments and Contingencies | ||
Shareholders' equity | ||
Preferred stock, no par value; 1,000,000 shares authorized, no shares issued and outstanding | 0 | 0 |
Common stock, $.01 par value, 100,000,000 shares authorized; 2018: 3,976,351 shares issued; 3,902,610 shares outstanding. 2017: 3,973,416 shares issued; 3,899,675 shares outstanding | 40 | 40 |
Additional paid-in capital | 106,928 | 106,875 |
Accumulated deficit | (37,805) | (38,832) |
Less: Treasury stock, at cost: 2018 and 2017, 73,741 and 73,741 shares, respectively | (1,179) | (1,179) |
Accumulated other comprehensive loss | (379) | (155) |
Total shareholders' equity | 67,605 | 66,749 |
Total liabilities and shareholders' equity | $ 870,417 | $ 852,080 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Net of allowance for loan losses | $ 6,485 | $ 6,297 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 |
Common stock, shares issued (in shares) | 3,976,351 | 3,973,416 |
Common stock, shares outstanding (in shares) | 3,902,610 | 3,899,675 |
Treasury stock, shares held (in shares) | 73,741 | 73,741 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Interest and Dividend Income | ||
Interest and fees on loans | $ 8,774 | $ 6,607 |
Interest on investment securities | 266 | 171 |
Dividends on investment securities | 121 | 82 |
Other interest income | 151 | 64 |
Total interest and dividend income | 9,312 | 6,924 |
Interest Expense | ||
Interest on deposits | 1,657 | 989 |
Interest on Federal Home Loan Bank borrowings | 257 | 78 |
Interest on senior debt | 229 | 229 |
Interest on subordinated debt | 99 | 85 |
Interest on note payable | 7 | 9 |
Total interest expense | 2,249 | 1,390 |
Net interest income | 7,063 | 5,534 |
Provision (Credit) for Loan Losses | 185 | (1,749) |
Net interest income after provision (credit) for loan losses | 6,878 | 7,283 |
Non-interest Income | ||
Loan application, inspection and processing fees | 8 | 21 |
Deposit fees and service charges | 134 | 149 |
Rental Income | 84 | 94 |
Loss on sale of investment securities | (78) | |
Other income | 96 | 91 |
Total non-interest income | 322 | 277 |
Non-interest Expense | ||
Salaries and benefits | 2,769 | 2,430 |
Occupancy and equipment expense | 741 | 775 |
Data processing expense | 317 | 120 |
Professional and other outside services | 572 | 652 |
Merger and acquisation related expenses | 523 | |
Advertising and promotional expense | 78 | 74 |
Loan administration and processing expense | 13 | 9 |
Regulatory assessments | 252 | 179 |
Insurance expense | 55 | 59 |
Material and communications | 113 | 87 |
Other operating expense | 358 | 309 |
Total non-interest expense | 5,791 | 4,694 |
Income before income taxes | 1,409 | 2,866 |
Provision for Income Taxes | 344 | 1,136 |
Net income | $ 1,065 | $ 1,730 |
Basic earnings per common share (in dollars per share) | $ 0.27 | $ 0.44 |
Diluted earnings per common share (in dollars per share) | $ 0.27 | $ 0.44 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Net income | $ 1,065 | $ 1,730 |
Other comprehensive income: | ||
Unrealized holding (loss) gain on securities | (307) | 239 |
Income tax effect | 83 | (93) |
Reclassification for realized losses on sale of investment securities | 0 | (78) |
Income tax effect | 0 | 30 |
Total other comprehensive (loss) income | (224) | 98 |
Comprehensive income | $ 841 | $ 1,828 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Treasury Stock [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2016 | 3,891,897 | |||||
Balance at Dec. 31, 2016 | $ 40 | $ 106,729 | $ (42,902) | $ (1,177) | $ (120) | $ 62,570 |
Comprehensive income: | ||||||
Net income | 1,730 | 1,730 | ||||
Other comprehensive income | 98 | 98 | ||||
Total comprehensive income | 1,730 | 98 | 1,828 | |||
Share-based compensation expense | 43 | 43 | ||||
Vesting of restricted stock (in shares) | 2,231 | |||||
Balance (in shares) at Mar. 31, 2017 | 3,894,128 | |||||
Balance at Mar. 31, 2017 | $ 40 | 106,772 | (41,172) | (1,177) | (22) | 64,441 |
Balance (in shares) at Dec. 31, 2016 | 3,891,897 | |||||
Balance at Dec. 31, 2016 | $ 40 | 106,729 | (42,902) | (1,177) | (120) | 62,570 |
Balance (in shares) at Dec. 31, 2017 | 3,899,675 | |||||
Balance at Dec. 31, 2017 | $ 40 | 106,875 | (38,832) | (1,179) | (155) | 66,749 |
Comprehensive income: | ||||||
Net income | 1,065 | 1,065 | ||||
Other comprehensive income | (224) | (224) | ||||
Total comprehensive income | 1,065 | (224) | 841 | |||
Common stock dividends | (38) | (38) | ||||
Share-based compensation expense | 53 | 53 | ||||
Vesting of restricted stock (in shares) | 2,935 | |||||
Balance (in shares) at Mar. 31, 2018 | 3,902,610 | |||||
Balance at Mar. 31, 2018 | $ 40 | 106,928 | (37,805) | (1,179) | (379) | 67,605 |
Balance (in shares) at Dec. 31, 2017 | 3,899,675 | |||||
Balance at Dec. 31, 2017 | $ 40 | $ 106,875 | $ (38,832) | $ (1,179) | $ (155) | $ 66,749 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Cash Flows from Operating Activities: | ||
Net income | $ 1,065,000 | $ 1,730,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Amortization of investment premiums, net | 13,000 | 35,000 |
Amortization and accretion of purchase loan premiums and discounts | 176,000 | 127,000 |
Amortization of debt issuance costs | 21,000 | 20,000 |
Provision (credit) for loan losses | 185,000 | (1,749,000) |
Depreciation and amortization | 350,000 | 272,000 |
Loss on sales of available-for-sale securities | 78,000 | |
Share-based compensation | 53,000 | 43,000 |
(Increase) decrease in deferred income taxes | (855,000) | 878,000 |
Changes in assets and liabilities: | ||
Increase in accrued interest and dividends receivable | (9,000) | (337,000) |
Decrease (increase) in other assets | 102,000 | (133,000) |
Increase (decrease) in accrued expenses and other liabilities | 574,000 | (451,000) |
Net cash provided by operating activities | 1,675,000 | 513,000 |
Cash Flows from Investing Activities: | ||
Proceeds from sales on available-for-sale securities | 9,000,000 | |
Principal repayments on available-for-sale securities | 463,000 | 807,000 |
Purchases of available-for-sale securities | (11,500,000) | |
Purchases of Federal Reserve Bank stock | (24,000) | (249,000) |
Redemptions of Federal Home Loan Bank stock | 120,000 | |
(Increase) decrease in net originations of loans receivable | (5,081,000) | 26,463,000 |
Purchase of loan pools receivable | (72,889,000) | |
Purchase of premises and equipment | (630,000) | (955,000) |
Escrow deposit for pending acquisition | (500,000) | |
Net cash used in investing activities | (5,772,000) | (49,203,000) |
Cash Flows from Financing Activities: | ||
Increase in deposits, net | 17,859,000 | 31,635,000 |
Repayments of FHLB and correspondent bank borrowings | (14,000,000) | |
Principal repayments of note payable | (48,000) | (47,000) |
Decrease in advances from borrowers for taxes and insurance | (925,000) | (921,000) |
Dividends paid on common stock | (38,000) | |
Net cash provided by financing activities | 16,848,000 | 16,667,000 |
Net Increase (decrease) in cash and cash equivalents | 12,751,000 | (32,023,000) |
Cash and cash equivalents at beginning of period | 49,241,000 | 92,289,000 |
Cash and cash equivalents at end of period | 61,992,000 | 60,266,000 |
Supplemental Disclosures of Cash Flow Information: | ||
Cash paid for interest | 1,844,000 | 1,143,000 |
Cash paid for income taxes | 125,000 | |
Supplemental Disclosures of Noncash Investing Activities: | ||
Receivable recorded for securities sold, not settled | $ 4,968,000 |
Note 1 - Basis of Financial Sta
Note 1 - Basis of Financial Statement Presentation | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | Note 1: Basis of Financial Statement Presentation The accompanying unaudited condensed consolidated financial statements of Patriot National Bancorp, Inc. (the “Company”) or (“Patriot”) and its wholly-owned subsidiaries including Patriot Bank, N.A. (the “Bank”) (collectively, “Patriot”), have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). 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 (“US GAAP”) have been omitted. The accompanying unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included on the Form 10 December 31, 2017. The Consolidated Balance Sheet at December 31, 2017 not The preparation of consolidated financial statements in accordance with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and to disclose contingent assets and liabilities. Actual results could differ from those estimates. Management has identified accounting for the allowance for loan losses, the analysis and valuation of its investment securities, and the valuation of deferred tax assets as certain of Patriot’s more significant accounting policies and estimates, in that they are critical to the presentation of Patriot’s financial condition and results of operations. As they concern matters that are inherently uncertain, these estimates require management to make subjective and complex judgments in the preparation of Patriot’s Consolidated Financial Statements. 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 March 31, 2018 not may 2018. |
Note 2 - Recent Accounting Pron
Note 2 - Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | Note 2 : Recent Accounting Pronouncements Accounting Standards Adopted During 2018 Effective January 1, 2018, ASU 2014 09 ASU No. 2014 09, 606 The Company adopted the Updates during the first 2018 not no no ASU 2016 01 2018 03 ASU No. 2016 01, 825 10 No. 2018 03, 825 10 first 2018 2016 01 January 1, 2018, no ASU 2016 15 In August 2016, 2016 15, Statement of Cash Flows : Classification of Certain Cash Receipts and Cash Payments . 2016 15 may 2016 15 December 15, 2017, March 31, 2018, not not 2016 15, ASU 2016 18 In November 2016, 2016 18, Statement of Cash Flows: Restricted Cash. 2016 18 December 15, 2017, March 31, 2018 December 31, 2017, not not 2016 18, ASU 2017 09 In May 2017, 2017 09, Scope of Modification Accounting 718 December 15, 2017. not Accounting Standards Issued But Not ASU 2016 02 In February 2016, No. 2016 02, Leases. 12 January 2018 ( 2018 01 not 842 842. December 15, 2018. ASU 2016 13 In June 2016, 2016 13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments. not 2016 13 2016 13 December 15, 2019, December 15, 2018. ASU 2017 08 In March 2017, 2017 08, Premium Amortization on Purchased Callable Debt Securities December 15, 2018. December 15, 2019, December 15, 2020. 2017 08 ASU 2018 02 In February 2018, 2018 02, Statement-Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income not December 15, 2018, ASU 2018 04 ASU 2018 04 Investments - Debt Securities (Topic 320 980 320, 980, 2016 01, January 1, 2018. not ASU 2018 05 ASU 2018 05 Income Taxes (Topic 740 not 740 December 31, 2017, not 740, one may |
Note 3 - Available-for-sale Sec
Note 3 - Available-for-sale Securities | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3 : Available-for Sale Securities The amortized cost, gross unrealized gains and losses and approximate fair values of available-for-sale securities at March 31, 2018 December 31, 2017 (In thousands) Amortized Gross Gross Fair March 31, 2018: U. S. Government agency mortgage-backed securities $ 6,854 - (199 ) 6,655 Corporate bonds 14,000 - (399 ) 13,601 Subordinated notes 4,500 37 - 4,537 $ 25,354 37 (598 ) 24,793 December 31, 2017: U. S. Government agency mortgage-backed securities $ 7,330 - (106 ) 7,224 Corporate bonds 14,000 - (196 ) 13,804 Subordinated notes 4,500 48 - 4,548 $ 25,830 48 (302 ) 25,576 The following table presents the available-for-sale securities’ gross unrealized losses and fair value, aggregated by the length of time the individual securities have been in a continuous loss position as of March 31, 2018 December 31, 2017: (In thousands) Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2018: U. S. Government agency mortgage-backed securities $ 3,755 (63 ) 2,900 (136 ) 6,655 (199 ) Corporate bonds 7,651 (349 ) 5,950 (50 ) 13,601 (399 ) $ 11,406 (412 ) 8,850 (186 ) 20,256 (598 ) December 31, 2017: U. S. Government agency mortgage-backed securities $ 4,118 (13 ) 3,106 (93 ) 7,224 (106 ) Corporate bonds 13,804 (196 ) - - 13,804 (196 ) $ 17,922 (209 ) 3,106 (93 ) 21,028 (302 ) At March 31, 2018 December 31, 2017, ten twelve nine eleven 2.9% 1.4% Based on its quarterly reviews, management believes that none not not not none March 31, 2018 At March 31, 2018 December 31, 2017, $6.0 $6.7 The following summarizes, by class and contractual maturity, the amortized cost and estimated fair value of available-for-sale debt securities held at March 31, 2018 December 31, 2017. not may (In thousands) Amortized Cost Fair Value Due Due After Due Total Due Due After Due Total March 31, 2018: Corporate bonds $ - 9,000 5,000 14,000 - 8,847 4,754 13,601 Subordinated Notes - 4,500 - 4,500 - 4,537 - 4,537 Available-for-sale securities with single maturity dates - 13,500 5,000 18,500 - 13,384 4,754 18,138 U. S. Government agency mortgage-backed securities - 3,036 3,818 6,854 - 2,900 3,755 6,655 $ - 16,536 8,818 25,354 - 16,284 8,509 24,793 December 31, 2017: Corporate bonds $ - 9,000 5,000 14,000 - 8,928 4,876 13,804 Subordinated Notes - 4,500 - 4,500 - 4,548 - 4,548 Available-for-sale securities with single maturity dates - 13,500 5,000 18,500 - 13,476 4,876 18,352 U. S. Government agency mortgage-backed securities - 3,200 4,130 7,330 - 3,107 4,117 7,224 $ - 16,700 9,130 25,830 - 16,583 8,993 25,576 There were no three March 31, 2018. three March 31, 2017, $9 $11.5 $78,000 three March 31, 2017. |
Note 4 - Loans Receivable and A
Note 4 - Loans Receivable and Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4 : Loans Receivable and Allowance for Loan Losses As of March 31, 2018 December 31, 2017, (In thousands) Loan portfolio segment: March 31, December 31, Commercial Real Estate $ 313,868 299,925 Residential Real Estate 144,633 146,377 Commercial and Industrial 129,913 131,161 Consumer and Other 83,185 87,707 Construction 46,348 47,619 Construction to permanent - CRE 6,608 6,858 Loans receivable, gross 724,555 719,647 Allowance for loan losses (6,485 ) (6,297 ) Loans receivable, net $ 718,070 713,350 Patriot's lending activities are conducted principally in Fairfield and New Haven Counties in Connecticut and Westchester County in New York, and the five 2016. first second Patriot has established credit policies applicable to each type of lending activity in which it engages and evaluates the creditworthiness of each borrower. Unless extenuating circumstances exist, Patriot limits the extension of credit on commercial real estate loans to 75% 80% 75% may Risk characteristics of the Company’s portfolio classes include the following: Commercial Real Estate Loans In underwriting commercial real estate loans, Patriot evaluates both the prospective borrower’s ability to make timely payments on the loan and the value of the property securing the loans. Repayment of such loans may may Residential Real Estate Loans In 2013, may In March 2017, $73 $985,000 No first 2018. Commercial and Industrial Loans Patriot’s commercial and industrial loan portfolio consists primarily of commercial business loans and lines of credit to businesses and professionals. These loans are generally for the financing of accounts receivable, purchases of inventory, purchases of new or used equipment, or for other short- or long-term working capital purposes. These loans are generally secured by business assets, but are also occasionally offered on an unsecured basis. In granting these types of loans, Patriot considers the borrower’s cash flow as the primary source of repayment, supported by the value of collateral, if any, and personal guarantees, as applicable. Repayment of commercial and industrial loans may Consumer and Other Loans Patriot offers individual consumers various forms of credit including installment loans, credit cards, overdraft protection, and reserve lines of credit. Repayments of such loans are generally dependent on the personal income of the borrower, which may not The Company does not Construction Loans Construction loans are of a short-term nature, generally of eighteen may Included in this category are loans to construct single family homes where no may Construction to Permanent – Commercial Real Estate (“CRE”) One time close of a construction facility with simultaneous conversion to an amortizing mortgage loan. Construction to permanent loans combine a short term period similar to a construction loan, generally with a variable rate, and a longer term CRE loan typically 20 25 five Close of the construction facility typically occurs when events dictate, such as receipt of a certificate of occupancy and property stabilization, which is defined as cash flow sufficient to support a pre-defined minimum debt coverage ratio and other conditions and covenants particular to the loan. Construction facilities are typically variable rate instruments that, upon conversion to an amortizing mortgage loan, reset to a fixed rate instrument that is the greater of the in-force variable rate plus a predetermined spread over a reference rate (e.g., prime) or a minimum interest rate. Allowance for Loan Losses The following tables summarize the activity in the allowance for loan losses, allocated to segments of the loan portfolio, for the three March 31, 2018 2017: (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total Three months ended March 31, 2018 Allowance for loan losses: December 31, 2017 $ 2,212 959 2,023 568 481 54 - 6,297 Charge-offs - - - - - - - - Recoveries 3 - - - - - - 3 Provisions (credits) 265 114 (264 ) (22 ) 7 7 78 185 March 31, 2018 $ 2,480 1,073 1,759 546 488 61 78 6,485 Three months ended March 31, 2017 Allowance for loan losses: December 31, 2016 $ 1,853 534 740 641 712 69 126 4,675 Charge-offs - - - - - - - - Recoveries 2 - 2,769 - - - - 2,771 Provisions (credits) 343 539 (2,460 ) (58 ) (121 ) 8 - (1,749 ) March 31, 2017 $ 2,198 1,073 1,049 583 591 77 126 5,697 The following tables summarize, by loan portfolio segment, the amount of loans receivable evaluated individually and collectively for impairment as of March 31, 2018 December 31, 2017: (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total March 31, 2018 Allowance for loan losses: Individually evaluated for impairment $ - - 51 4 - - - 55 Collectively evaluated for impairment 2,480 1,073 1,708 542 488 61 78 6,430 Total allowance for loan losses $ 2,480 1,073 1,759 546 488 61 78 6,485 Loans receivable, gross: Individually evaluated for impairment $ 2,429 3,343 1,521 694 - - - 7,987 Collectively evaluated for impairment 311,439 141,290 128,392 82,491 46,348 6,608 - 716,568 Total loans receivable, gross $ 313,868 144,633 129,913 83,185 46,348 6,608 - 724,555 (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total December 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ - - 251 2 - - - 253 Collectively evaluated for impairment 2,212 959 1,772 566 481 54 - 6,044 Total allowance for loan losses $ 2,212 959 2,023 568 481 54 - 6,297 Loans receivable, gross: Individually evaluated for impairment $ 1,977 3,336 748 692 - - - 6,753 Collectively evaluated for impairment 297,948 143,041 130,413 87,015 47,619 6,858 - 712,894 Total loans receivable, gross $ 299,925 146,377 131,161 87,707 47,619 6,858 - 719,647 Patriot monitors the credit quality of its loans receivable on an ongoing basis. Credit quality is monitored by reviewing certain indicators, including loan to value ratios, debt service coverage ratios, and credit scores. Patriot employs a risk rating system as part of the risk assessment of its loan portfolio. At origination, lending officers are required to assign a risk rating to each loan in their portfolio, which is ratified or modified by the Loan Committee to which the loan is submitted for approval. If financial developments occur on a loan in the lending officer’s portfolio of responsibility, the risk rating is reviewed and adjusted, as applicable. In carrying out its oversight responsibilities, the Loan Committee can adjust a risk rating based on available information. In addition, the risk ratings on all commercial loans over $250,000 Additionally, Patriot retains a third When assigning a risk rating to a loan, management utilizes the Bank’s internal eleven not one ● Sub-standard: An asset is classified “sub-standard” if it is not not ● Doubtful: Assets classified as “doubtful” have all of the weaknesses inherent in those classified as “sub-standard”, with the added characteristic that the identified weaknesses make collection or liquidation-in-full improbable, on the basis of currently existing facts, conditions, and values. Charge-offs, to reduce the loan to its recoverable value, generally commence after the loan is classified as “doubtful”. In accordance with Federal Financial Institutions Examination Council published policies establishing uniform criteria for the classification of retail credit based on delinquency status, “Open-end” and “Closed-end” credits are charged off when 180 120 If an account is classified as “Loss”, the full balance of the loan receivable is charged off, regardless of the potential recovery from a sale of the underlying collateral. Any amount that may The following tables summarize non-performing (i.e., non-accruing) loans by aging category and status, within the applicable loan portfolio segment as of March 31, 2018 December 31, 2017: (In thousands) Non-accruing Loans 30 - 59 Days 60 - 89 Days 90 Days Past Due Total Current Total As of March 31, 2018: Loan portfolio segment: Commercial Real Estate Sub-standard $ - - 474 474 - 474 Residential Real Estate: Sub-standard - - 3,037 3,037 - 3,037 Commercial and Industrial: Sub-standard - 6 1,515 1,521 - 1,521 Consumer and Other Sub-standard - - 4 4 - 4 Total non-accruing loans $ - 6 5,030 5,036 - 5,036 As of December 31, 2017: Loan portfolio segment: Residential Real Estate: Sub-standard $ - - 3,028 3,028 - 3,028 Commercial and Industrial: Sub-standard - - 748 748 - 748 Consumer and Other Sub-standard - - 2 2 - 2 Total non-accruing loans $ - - 3,778 3,778 - 3,778 If non-accrual loans had been performing in accordance with the original contractual terms, additional interest income of $81,000 $21,000 three March 31, 2018 2017, Additionally, certain loans for which the borrower cannot demonstrate sufficient cash flow to continue loan payments in the future and certain troubled debt restructurings (“TDRs”) are placed on non-accrual status. During the three March 31, 2018 2017, no The accrual of interest on loans is discontinued at the time the loan is 90 no 180 not six 90 not The following tables summarize performing and non-performing loans receivable by portfolio segment, by aging category, by delinquency status as of March 31, 2018 December 31, 2017. (In thousands) Performing (Accruing) Loans As of March 31, 2018: 30 - 59 Days 60 - 89 Days 90 Days Total Current Total Non-accruing Loans Loan portfolio segment: Commercial Real Estate: Pass $ 19 670 - 689 299,011 299,700 - 299,700 Special Mention - - - - 9,989 9,989 - 9,989 Substandard - 2,705 - 2,705 1,000 3,705 474 4,179 19 3,375 - 3,394 310,000 313,394 474 313,868 Residential Real Estate: Pass 121 1,271 - 1,392 138,685 140,077 - 140,077 Special Mention 1,519 - - 1,519 - 1,519 - 1,519 Substandard - - - - - - 3,037 3,037 1,640 1,271 - 2,911 138,685 141,596 3,037 144,633 Commercial and Industrial: Pass 293 829 - 1,122 127,270 128,392 - 128,392 Substandard - - - - - - 1,521 1,521 293 829 - 1,122 127,270 128,392 1,521 129,913 Consumer and Other: Pass 129 80 350 559 82,622 83,181 - 83,181 Substandard - - - - - - 4 4 129 80 350 559 82,622 83,181 4 83,185 Construction: Pass - - 2,039 2,039 35,509 37,548 - 37,548 Substandard - - 8,800 8,800 - 8,800 - 8,800 - - 10,839 10,839 35,509 46,348 - 46,348 Construction to permanent - CRE: Pass - - - - 6,608 6,608 - 6,608 Total $ 2,081 5,555 11,189 18,825 700,694 719,519 5,036 724,555 Loans receivable, gross: Pass $ 562 2,850 2,389 5,801 689,705 695,506 - 695,506 Special Mention 1,519 - - 1,519 9,989 11,508 - 11,508 Substandard - 2,705 8,800 11,505 1,000 12,505 5,036 17,541 Loans receivable, gross $ 2,081 5,555 11,189 18,825 700,694 719,519 5,036 724,555 (In thousands) Performing (Accruing) Loans As of December 31, 2017: 30 - 59 Days 60 - 89 Days 90 Days Total Current Total Non-accruing Loans Loan portfolio segment: Commercial Real Estate: Pass $ - - - - 286,428 286,428 - 286,428 Special Mention - 1,121 - 1,121 9,317 10,438 - 10,438 Substandard - 1,688 - 1,688 1,371 3,059 - 3,059 - 2,809 - 2,809 297,116 299,925 - 299,925 Residential Real Estate: Pass 1,068 255 - 1,323 140,497 141,820 - 141,820 Special Mention - 1,529 - 1,529 - 1,529 - 1,529 Substandard - - - - - - 3,028 3,028 1,068 1,784 - 2,852 140,497 143,349 3,028 146,377 Commercial and Industrial: Pass - 2,000 375 2,375 127,057 129,432 - 129,432 Special Mention - - - - - - - - Substandard - - 981 981 - 981 748 1,729 - 2,000 1,356 3,356 127,057 130,413 748 131,161 Consumer and Other: Pass 498 - - 498 87,207 87,705 - 87,705 Substandard - - - - - - 2 2 498 - - 498 87,207 87,705 2 87,707 Construction: Pass - - - - 47,619 47,619 - 47,619 Construction to permanent - CRE: Pass - - - - 6,858 6,858 - 6,858 Total $ 1,566 6,593 1,356 9,515 706,354 715,869 3,778 719,647 Loans receivable, gross: Pass $ 1,566 2,255 375 4,196 695,666 699,862 - 699,862 Special Mention - 2,650 - 2,650 9,317 11,967 - 11,967 Substandard - 1,688 981 2,669 1,371 4,040 3,778 7,818 Loans receivable, gross $ 1,566 6,593 1,356 9,515 706,354 715,869 3,778 719,647 As of March 31, 2018, 90 two Troubled Debt Restructurings (“TDR”) On a case-by-case basis, Patriot may may There were no no three March 31, 2018 2017. March 31, 2018 December 31, 2017, no Substantially all TDR 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 adjusting these two may may six Impaired Loans Impaired loans may March 31, 2018 December 31, 2017, $8.0 $6.8 $55,000 $253,000 not may no no At March 31, 2018 December 31, 2017, 15 12 may may The following summarizes the investment in, outstanding principal balance of, and the related allowance, if any, for impaired loans as of March 31, 2018 December 31, 2017: (In thousands) March 31, 2018 December 31, 2017 Recorded Principal Related Recorded Principal Related With no related allowance recorded: Commercial Real Estate $ 2,429 2,429 - 1,977 2,425 - Residential Real Estate 3,343 3,343 - 3,336 3,369 - Commercial and Industrial 1,470 1,470 - 497 683 - Consumer and Other 690 690 - 690 818 - 7,932 7,932 - 6,500 7,295 - With a related allowance recorded: Commercial Real Estate - - - - - - Residential Real Estate - - - - - - Commercial and Industrial 51 51 51 251 251 251 Consumer and Other 4 4 4 2 2 2 55 55 55 253 253 253 Impaired Loans, Total: Commercial Real Estate 2,429 2,429 - 1,977 2,425 - Residential Real Estate 3,343 3,343 - 3,336 3,369 - Commercial and Industrial 1,521 1,521 51 748 934 251 Consumer and Other 694 694 4 692 820 2 Impaired Loans, Total $ 7,987 7,987 55 6,753 7,548 253 The following tables summarize additional information regarding impaired loans for the three March 31, 2018 2017. (In thousands) Three Months Ended March 31, 2018 2017 Average Interest Average Interest With no related allowance recorded: Commercial Real Estate $ 2,205 25 6,236 73 Residential Real Estate 3,342 3 1,910 3 Commercial and Industrial 739 - - - Consumer and Other 691 7 541 5 6,977 35 8,687 81 With a related allowance recorded: Commercial Real Estate - - - - Residential Real Estate - - - - Commercial and Industrial 393 - 231 - Consumer and Other 2 - - - 395 - 231 - Impaired Loans, Total: Commercial Real Estate 2,205 25 6,236 73 Residential Real Estate 3,342 3 1,910 3 Commercial and Industrial 1,132 - 231 - Consumer and Other 693 7 541 5 Impaired Loans, Total $ 7,372 35 8,918 81 |
Note 5 - Deposits
Note 5 - Deposits | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 5 : Deposits The following table presents the balance of deposits held, by category as of March 31, 2018 December 31, 2017. (In thousands) March 31, 2018 December 31, 2017 Non-interest bearing $ 71,736 $ 81,197 Interest bearing: NOW 23,461 25,476 Savings 132,118 135,975 Money market 11,936 16,575 Certificates of deposit, less than $250,000 178,243 173,221 Certificates of deposit, $250,000 or greater 72,614 66,866 Brokered deposits 165,190 138,129 Interest bearing, Total 583,562 556,242 Total Deposits $ 655,298 $ 637,439 |
Note 6 - Share-based Compensati
Note 6 - Share-based Compensation and Employee Benefit Plan | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 6 : Share-Based Compensation and Employee Benefit Plan The Company maintains the Patriot National Bancorp, Inc. 2012 2013, March 31, 2018 December 31, 2017, no The Plan provides for the issuance of up to 3,000,000 March 31, 2018, 2,872,933 may three four five three March 31, 2018, 11,200 2,999 three March 31, 2017, no three March 31, 2018, 2,935 100 The Company recognizes compensation expense for all director and employee share-based compensation awards on a straight-line basis over the requisite service period, which is equal to the vesting schedule of each award, for each vesting portion of an award equal to its grant date fair value. For the three March 31, 2018 2017, $53,000 $43,000, $35,000 $28,000 three March 31, 2018 2017, Included in share-based compensation expense for the three March 31, 2018 2017 $18,000 $15,000 $82,000 $69,000 The following is a summary of the status of the Company’s restricted shares for the three March 31, 2018 2017 Three months ended March 31, 2018: Number Weighted Average Unvested at December 31, 2017 25,870 $12.15 Granted 14,199 $17.93 Vested (2,935 ) $14.18 Forfeited (100 ) $15.50 Unvested at March 31, 2018 37,034 $14.20 Three months ended March 31, 2017: Unvested at December 31, 2016 35,264 $12.84 Vested (2,231 ) $13.03 Unvested at March 31, 2017 33,033 $12.55 Unrecognized compensation expense attributable to the unvested restricted shares outstanding as of March 31, 2018 $482,000, 2.76 RSA Grant - Non-executive Employees During the three March 31, 2018, 100 three March 31, 2017, none 6,200 $24,000 January 2019 Retirement Plan The Company offers a 401K “401K” may 401K, 50% six three March 31, 2018 2017 401K $51,000 $34,000, Dividends On July 17, 2017, three March 31, 2018, $38,000. No three March 31, 2017. |
Note 7 - Earnings Per Share
Note 7 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 7 : Earnings per share The Company is required to present basic earnings per share and diluted earnings per share in its Consolidated Statements of Income. Basic earnings per share amounts are computed by dividing net income by the weighted average number of common shares outstanding. Diluted earnings 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 The computation of basic and diluted earnings per share for the three March 31, 2018 2017 (Net income in thousands) Three Months Ended March 31, 2018 2017 Basic earnings per share: Net income attributable to Common shareholders $ 1,065 1,730 Divided by: Weighted average shares outstanding 3,900,513 3,892,726 Basic earnings per common share $ 0.27 0.44 Diluted earnings per share: Net income attributable to Common shareholders $ 1,065 1,730 Weighted average shares outstanding 3,900,513 3,892,726 Effect of potentially dilutive restricted common shares 16,601 3,368 Divided by: Weighted average diluted shares outstanding 3,917,114 3,896,094 Diluted earnings per common share $ 0.27 0.44 |
Note 8 - Financial Instruments
Note 8 - Financial Instruments With Off-balance Sheet Risk | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | No te 8 : Financial Instruments with Off-Balance Sheet Risk In the normal course of business, Patriot 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 Patriot has in particular classes of financial instruments. The contractual amount of commitments to extend credit and standby letters of credit represents the maximum amount of potential accounting loss should: the contract be fully drawn upon; the customer default; and the value of any existing collateral becomes worthless. Patriot applies its credit policies to entering commitments and conditional obligations and, as with its lending activates, evaluates each customer’s creditworthiness on a case-by-case basis. Management believes that it effectively mitigates the credit risk of these financial instruments through its credit approval processes, establishing credit limits, monitoring the on-going creditworthiness of recipients and grantees, and the receipt of collateral as deemed necessary. Financial instruments with credit risk at March 31, 2018 (In thousands) As of March 31, 2018 Commitments to extend credit: Unused lines of credit $ 67,423 Undisbursed construction loans 10,196 Home equity lines of credit 20,898 Future loan commitments 21,937 Financial standby letters of credit 1,286 $ 121,740 Commitments to extend credit are agreements to lend to a customer as long as there is no may not may $5,000 March 31, 2018, Standby letters of credit are written commitments issued by Patriot to guarantee the performance of a customer to a third not |
Note 9 - Regulatory and Operati
Note 9 - Regulatory and Operational Matters | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | Note 9 : Regulatory and Operational Matters Federal and State regulatory authorities have adopted standards requiring financial institutions to maintain increased levels of capital. Effective January 1, 2015, four 1 1 “CET1” 1 Capital adequacy is one 10%, 1 8.0%, CET1 6.5%, 1 5.0%. may Management continuously assesses the adequacy of the Bank’s capital in order to maintain its “well capitalized” status. The Company’s and the Bank’s regulatory capital amounts and ratios at March 31, 2018 December 31, 2017 (In thousands) Patriot National Bancorp, Inc. Patriot Bank, N.A. March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017 Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total Capital (to risk weighted assets): Actual 79,461 10.408 74,264 10.092 89,306 11.759 83,711 11.406 To be Well Capitalized (1) - - - - 75,947 10.000 73,393 10.000 For capital adequacy with Capital Buffer (2) - - - - 74,997 9.875 67,889 9.250 For capital adequacy 61,075 8.000 58,868 8.000 60,757 8.000 58,715 8.000 Tier 1 Capital (to risk weighted assets): Actual 72,968 9.558 67,959 9.235 82,813 10.904 77,407 10.547 To be Well Capitalized (1) - - - - 60,757 8.000 58,715 8.000 For capital adequacy with Capital Buffer (2) - - - - 59,808 7.875 53,210 7.250 For capital adequacy 45,806 6.000 44,151 6.000 45,568 6.000 44,036 6.000 Common Equity Tier 1 Capital (to risk weighted assets): Actual 64,968 8.510 59,959 8.148 82,813 10.904 77,407 10.547 To be Well Capitalized (1) - - - - 49,365 6.500 47,706 6.500 For capital adequacy with Capital Buffer (2) - - - - 48,416 6.375 42,201 5.750 For capital adequacy 34,355 4.500 33,113 4.500 34,176 4.500 33,027 4.500 Tier 1 Leverage Capital (to average assets): Actual 72,968 8.561 67,959 8.219 82,813 9.722 77,407 9.360 To be Well Capitalized (1) - - - - 42,592 5.000 41,351 5.000 For capital adequacy 34,093 4.000 33,072 4.000 34,074 4.000 33,081 4.000 ( 1 Designation as "Well Capitalized" does not ( 2 The Capital Conservation Buffer implemented by the FDIC began to be phased in beginning January 1, 2016. not not Under the final capital rules that became effective on January 1, 2015, CET1 2.5% not may The capital buffer requirement is being phased in over three 2016. 1.25% 2017 2017 1.875% 2018, 2018 The capital buffer requirement effectively raises the minimum required Total Capital ratio to 10.5%, 1 8.5% CET1 7.0% January 1, 2019. March 31, 2018, |
Note 10 - Fair Value and Intere
Note 10 - Fair Value and Interest Rate Risk | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 10 : Fair Value and Interest Rate Risk Patriot measures the carrying value of certain financial assets and liabilities at fair value, as required by its policies as a financial institution and by US GAAP. The carrying values of certain assets and liabilities are measured at fair value on a recurring basis, such as available-for-sale securities; while other assets and liabilities are measured at fair value on a non-recurring basis due to external factors requiring management’s judgment to estimate potential losses of value resulting in asset impairments or the establishment of valuation reserves. Measuring assets and liabilities at fair value may Following is a detailed summary of the guidance provided by US GAAP regarding the application of fair value measurements and Patriot’s application thereof. Additionally, the following information includes detailed summaries of the effects fair value measurements have on the carrying amounts of asset and liabilities presented in the Consolidated Financial Statements. The objective of fair value measurement is to value an asset that may may not The three 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, – 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 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 Cash and due from banks, federal funds sold , short-term investments , and accrued interest receivable and payable The carrying amount is a reasonable estimate of fair value and accordingly these are classified as Level 1. not Available-for- s ale s ecurities The fair value of securities available for sale (carried at fair value) are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1 2 3 Other Investments The Bank’s investment portfolio includes the Solomon Hess SBA Loan Fund totaling $4.5 not may 60 Federal Reserve Bank Stock and Federal Home Loan Bank Stock Shares in the Federal Reserve Bank (“FRB”) and Federal Home Loan Bank (“FHLB”) are purchased and redeemed based upon their $100 Loans For variable rate loans, which periodically reprice with no The fair value of fixed rate loans is estimated by discounting the future cash flows using the period-end rates, estimated by using local market data, at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities, adjusted for credit losses inherent in the loan portfolios. Since individual loans do not not 3 not not In connection with the adoption of ASU 2016 01 January 1, 2018, no Deposits The fair value of demand deposits, regular savings and certain money market deposits is the amount payable on demand at the reporting date. The fair value of certificates of deposit and other time deposits is estimated using a discounted cash flow calculation that applies interest rates currently being offered for deposits of similar remaining maturities, estimated using local market data, to a schedule of aggregated expected maturities on such deposits. Patriot does not Senior Notes and Junior Subordinated Debt Patriot does not Patriot does not Federal Home Loan Bank Borrowings The fair value of FHLB advances is estimated using a discounted cash flow calculation that applies current FHLB interest rates for advances of similar maturity to a schedule of maturities of such advances. Patriot does not Off-balance sheet financial instruments Off-balance sheet financial instruments are based on interest rate changes and fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The off-balance-sheet financial instruments (i.e., commitments to extend credit) are insignificant and are not The following tables detail the financial assets measured at fair value on a recurring basis and the valuation techniques utilized relative to the fair value hierarchy, as of March 31, 2018 December 31, 2017: (In thousands) Quoted Prices in Significant Observable Inputs Significant Unobservable Inputs Total March 31, 2018: U. S. Government agency mortgage-backed securities $ - 6,655 - 6,655 Corporate bonds - 13,601 - 13,601 Subordinated notes - 4,537 - 4,537 Available-for-sale securities $ - 24,793 - 24,793 December 31, 2017: U. S. Government agency mortgage-backed securities $ - 7,224 - 7,224 Corporate bonds - 13,804 - 13,804 Subordinated notes - 4,548 - 4,548 Available-for-sale securities $ - 25,576 - 25,576 Patriot measures certain financial assets and financial liabilities at fair value on a non-recurring basis. When circumstances dictate (e.g., impairment of long-lived assets, other than temporary impairment of collateral value), the carrying values of such financial assets and financial liabilities are adjusted to fair value or fair value less costs to sell, as may The table below presents the valuation methodology and unobservable inputs for level 3 March 31, 2018 December 31, 2017: (In thousands) Fair Value Valuation Methodology Unobservable Inputs Range of Inputs March 31, 2018: Impaired loans $ 7,932 Real Estate Appraisals Discount for appraisal type 0% - 8% December 31, 2017: Impaired loans $ 6,500 Real Estate Appraisals Discount for appraisal type 0% - 8% Patriot discloses fair value information about financial instruments, whether or not not The estimated fair value amounts have been measured as of March 31, 2018 December 31, 2017, not may The information presented should not may not The following table provides a comparison of the carrying amounts and estimated fair values of Patriot’s financial assets and liabilities as of March 31, 2018 December 31, 2017: (In thousands) March 31, 2018 December 31, 2017 Fair Value Carrying Estimated Carrying Estimated Financial Assets: Cash and noninterest bearing balances due from banks Level 1 $ 3,865 3,865 3,582 3,582 Interest-bearing deposits due from banks Level 1 58,127 58,127 45,659 45,659 U. S. Government agency mortgage-backed securities Level 2 6,655 6,655 7,224 7,224 Corporate bonds Level 2 13,601 13,601 13,804 13,804 Subordinated Notes Level 2 4,537 4,537 4,548 4,548 Other investments Level 2 4,450 4,450 4,450 4,450 Federal Reserve Bank stock Level 2 2,526 2,526 2,502 2,502 Federal Home Loan Bank stock Level 2 5,889 5,889 5,889 5,889 Loans receivable, net Level 3 718,070 705,991 713,350 702,816 Accrued interest receivable Level 2 3,505 3,505 3,496 3,496 Financial assets, total $ 821,225 809,146 804,504 793,970 Financial Liabilities: Demand deposits Level 2 $ 71,736 71,736 81,197 81,197 Savings deposits Level 2 132,118 132,118 135,975 135,975 Money market deposits Level 2 11,936 11,936 16,575 16,575 NOW accounts Level 2 23,461 23,461 25,476 25,476 Time deposits Level 2 250,857 249,401 240,087 239,219 Brokered deposits Level 1 165,190 164,650 138,129 137,870 FHLB and correspondent bank borrowings Level 2 120,000 120,086 120,000 120,218 Senior notes Level 2 11,722 11,116 11,703 11,249 Subordinated debentures Level 2 8,088 8,088 8,086 8,086 Note payable Level 3 1,532 1,345 1,580 1,416 Accrued interest payable Level 2 954 954 569 569 Financial liabilities, total $ 797,594 794,891 779,377 777,850 The carrying amount of cash and noninterest bearing balances due from banks, interest-bearing deposits due from banks, and demand deposits approximates fair value, due to the short-term nature and high turnover of these balances. These amounts are included in the table above for informational purposes. In the normal course of its operations, Patriot assumes interest rate risk (i.e., the risk that general interest rate levels will fluctuate). As a result, the fair value of the Patriot’s financial assets and liabilities are affected when interest market rates change, which change may Off-balance - sheet instruments Loan commitments on which the committed interest rate is less than the current market rate were insignificant at March 31, 2018 December 31, 2017. March 31, 2018 December 31, 2017 |
Note 11 - Mergers and Acquisiti
Note 11 - Mergers and Acquisitions | 3 Months Ended |
Mar. 31, 2018 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | Note 1 1 : Merger s and Acquisition s Acquisition of Prime Bank On August 1, 2017, October 17, 2017 April 12, 2018. On May 10, 2018 $5.9 March 31, 2018, $65 $36 $23 $48 The acquisition will enable Patriot to expand its consumer and small business relationships, lending operations, and community presence, all of which will improve key operating metrics. Patriot is still evaluating the estimated fair values of the assets acquired and the liabilities assumed. Accordingly, the amount of any goodwill and other intangible assets to be recognized in the connection with this transaction, as well as acquisition costs expected to be incurred, are also yet to be determined. In the first 2018, $136,000 $200,000 Definitive Purchase Agreement On February 06, 2018, Hana SBL is a fully integrated national SBA origination and servicing platform. It has originated nearly $1 7 2006. The transaction includes the purchase of approximately $120 7 $370 two 2014 2016 $83 $41 As a result of the proximity of the definitive purchase to the date these consolidated financial statements are being issued, Patriot is still evaluating the estimated fair values of the assets to be acquired and the liabilities to be assumed. Accordingly, the amount of any goodwill and other intangible assets to be recognized in the connection with this transaction, as well as acquisition costs incurred and expected to be incurred, are also yet to be determined. The Company incurred $366,000 three March 31, 2018. $350,000 The effect of the merger is expected to be reflected in the Patriot’s results beginning with the third 2018. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2018 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements, Policy [Policy Text Block] | Accounting Standards Adopted During 2018 Effective January 1, 2018, ASU 2014 09 ASU No. 2014 09, 606 The Company adopted the Updates during the first 2018 not no no ASU 2016 01 2018 03 ASU No. 2016 01, 825 10 No. 2018 03, 825 10 first 2018 2016 01 January 1, 2018, no ASU 2016 15 In August 2016, 2016 15, Statement of Cash Flows : Classification of Certain Cash Receipts and Cash Payments . 2016 15 may 2016 15 December 15, 2017, March 31, 2018, not not 2016 15, ASU 2016 18 In November 2016, 2016 18, Statement of Cash Flows: Restricted Cash. 2016 18 December 15, 2017, March 31, 2018 December 31, 2017, not not 2016 18, ASU 2017 09 In May 2017, 2017 09, Scope of Modification Accounting 718 December 15, 2017. not Accounting Standards Issued But Not ASU 2016 02 In February 2016, No. 2016 02, Leases. 12 January 2018 ( 2018 01 not 842 842. December 15, 2018. ASU 2016 13 In June 2016, 2016 13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments. not 2016 13 2016 13 December 15, 2019, December 15, 2018. ASU 2017 08 In March 2017, 2017 08, Premium Amortization on Purchased Callable Debt Securities December 15, 2018. December 15, 2019, December 15, 2020. 2017 08 ASU 2018 02 In February 2018, 2018 02, Statement-Reporting Comprehensive Income: Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income not December 15, 2018, ASU 2018 04 ASU 2018 04 Investments - Debt Securities (Topic 320 980 320, 980, 2016 01, January 1, 2018. not ASU 2018 05 ASU 2018 05 Income Taxes (Topic 740 not 740 December 31, 2017, not 740, one may |
Note 3 - Available-for-sale S20
Note 3 - Available-for-sale Securities (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Debt Securities, Available-for-sale [Table Text Block] | (In thousands) Amortized Gross Gross Fair March 31, 2018: U. S. Government agency mortgage-backed securities $ 6,854 - (199 ) 6,655 Corporate bonds 14,000 - (399 ) 13,601 Subordinated notes 4,500 37 - 4,537 $ 25,354 37 (598 ) 24,793 December 31, 2017: U. S. Government agency mortgage-backed securities $ 7,330 - (106 ) 7,224 Corporate bonds 14,000 - (196 ) 13,804 Subordinated notes 4,500 48 - 4,548 $ 25,830 48 (302 ) 25,576 |
Schedule of Unrealized Loss on Investments [Table Text Block] | (In thousands) Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized March 31, 2018: U. S. Government agency mortgage-backed securities $ 3,755 (63 ) 2,900 (136 ) 6,655 (199 ) Corporate bonds 7,651 (349 ) 5,950 (50 ) 13,601 (399 ) $ 11,406 (412 ) 8,850 (186 ) 20,256 (598 ) December 31, 2017: U. S. Government agency mortgage-backed securities $ 4,118 (13 ) 3,106 (93 ) 7,224 (106 ) Corporate bonds 13,804 (196 ) - - 13,804 (196 ) $ 17,922 (209 ) 3,106 (93 ) 21,028 (302 ) |
Investments Classified by Contractual Maturity Date [Table Text Block] | (In thousands) Amortized Cost Fair Value Due Due After Due Total Due Due After Due Total March 31, 2018: Corporate bonds $ - 9,000 5,000 14,000 - 8,847 4,754 13,601 Subordinated Notes - 4,500 - 4,500 - 4,537 - 4,537 Available-for-sale securities with single maturity dates - 13,500 5,000 18,500 - 13,384 4,754 18,138 U. S. Government agency mortgage-backed securities - 3,036 3,818 6,854 - 2,900 3,755 6,655 $ - 16,536 8,818 25,354 - 16,284 8,509 24,793 December 31, 2017: Corporate bonds $ - 9,000 5,000 14,000 - 8,928 4,876 13,804 Subordinated Notes - 4,500 - 4,500 - 4,548 - 4,548 Available-for-sale securities with single maturity dates - 13,500 5,000 18,500 - 13,476 4,876 18,352 U. S. Government agency mortgage-backed securities - 3,200 4,130 7,330 - 3,107 4,117 7,224 $ - 16,700 9,130 25,830 - 16,583 8,993 25,576 |
Note 4 - Loans Receivable and21
Note 4 - Loans Receivable and Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (In thousands) Loan portfolio segment: March 31, December 31, Commercial Real Estate $ 313,868 299,925 Residential Real Estate 144,633 146,377 Commercial and Industrial 129,913 131,161 Consumer and Other 83,185 87,707 Construction 46,348 47,619 Construction to permanent - CRE 6,608 6,858 Loans receivable, gross 724,555 719,647 Allowance for loan losses (6,485 ) (6,297 ) Loans receivable, net $ 718,070 713,350 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total Three months ended March 31, 2018 Allowance for loan losses: December 31, 2017 $ 2,212 959 2,023 568 481 54 - 6,297 Charge-offs - - - - - - - - Recoveries 3 - - - - - - 3 Provisions (credits) 265 114 (264 ) (22 ) 7 7 78 185 March 31, 2018 $ 2,480 1,073 1,759 546 488 61 78 6,485 Three months ended March 31, 2017 Allowance for loan losses: December 31, 2016 $ 1,853 534 740 641 712 69 126 4,675 Charge-offs - - - - - - - - Recoveries 2 - 2,769 - - - - 2,771 Provisions (credits) 343 539 (2,460 ) (58 ) (121 ) 8 - (1,749 ) March 31, 2017 $ 2,198 1,073 1,049 583 591 77 126 5,697 (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total March 31, 2018 Allowance for loan losses: Individually evaluated for impairment $ - - 51 4 - - - 55 Collectively evaluated for impairment 2,480 1,073 1,708 542 488 61 78 6,430 Total allowance for loan losses $ 2,480 1,073 1,759 546 488 61 78 6,485 Loans receivable, gross: Individually evaluated for impairment $ 2,429 3,343 1,521 694 - - - 7,987 Collectively evaluated for impairment 311,439 141,290 128,392 82,491 46,348 6,608 - 716,568 Total loans receivable, gross $ 313,868 144,633 129,913 83,185 46,348 6,608 - 724,555 (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total December 31, 2017 Allowance for loan losses: Individually evaluated for impairment $ - - 251 2 - - - 253 Collectively evaluated for impairment 2,212 959 1,772 566 481 54 - 6,044 Total allowance for loan losses $ 2,212 959 2,023 568 481 54 - 6,297 Loans receivable, gross: Individually evaluated for impairment $ 1,977 3,336 748 692 - - - 6,753 Collectively evaluated for impairment 297,948 143,041 130,413 87,015 47,619 6,858 - 712,894 Total loans receivable, gross $ 299,925 146,377 131,161 87,707 47,619 6,858 - 719,647 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (In thousands) Non-accruing Loans 30 - 59 Days 60 - 89 Days 90 Days Past Due Total Current Total As of March 31, 2018: Loan portfolio segment: Commercial Real Estate Sub-standard $ - - 474 474 - 474 Residential Real Estate: Sub-standard - - 3,037 3,037 - 3,037 Commercial and Industrial: Sub-standard - 6 1,515 1,521 - 1,521 Consumer and Other Sub-standard - - 4 4 - 4 Total non-accruing loans $ - 6 5,030 5,036 - 5,036 As of December 31, 2017: Loan portfolio segment: Residential Real Estate: Sub-standard $ - - 3,028 3,028 - 3,028 Commercial and Industrial: Sub-standard - - 748 748 - 748 Consumer and Other Sub-standard - - 2 2 - 2 Total non-accruing loans $ - - 3,778 3,778 - 3,778 |
Past Due Financing Receivables [Table Text Block] | (In thousands) Performing (Accruing) Loans As of March 31, 2018: 30 - 59 Days 60 - 89 Days 90 Days Total Current Total Non-accruing Loans Loan portfolio segment: Commercial Real Estate: Pass $ 19 670 - 689 299,011 299,700 - 299,700 Special Mention - - - - 9,989 9,989 - 9,989 Substandard - 2,705 - 2,705 1,000 3,705 474 4,179 19 3,375 - 3,394 310,000 313,394 474 313,868 Residential Real Estate: Pass 121 1,271 - 1,392 138,685 140,077 - 140,077 Special Mention 1,519 - - 1,519 - 1,519 - 1,519 Substandard - - - - - - 3,037 3,037 1,640 1,271 - 2,911 138,685 141,596 3,037 144,633 Commercial and Industrial: Pass 293 829 - 1,122 127,270 128,392 - 128,392 Substandard - - - - - - 1,521 1,521 293 829 - 1,122 127,270 128,392 1,521 129,913 Consumer and Other: Pass 129 80 350 559 82,622 83,181 - 83,181 Substandard - - - - - - 4 4 129 80 350 559 82,622 83,181 4 83,185 Construction: Pass - - 2,039 2,039 35,509 37,548 - 37,548 Substandard - - 8,800 8,800 - 8,800 - 8,800 - - 10,839 10,839 35,509 46,348 - 46,348 Construction to permanent - CRE: Pass - - - - 6,608 6,608 - 6,608 Total $ 2,081 5,555 11,189 18,825 700,694 719,519 5,036 724,555 Loans receivable, gross: Pass $ 562 2,850 2,389 5,801 689,705 695,506 - 695,506 Special Mention 1,519 - - 1,519 9,989 11,508 - 11,508 Substandard - 2,705 8,800 11,505 1,000 12,505 5,036 17,541 Loans receivable, gross $ 2,081 5,555 11,189 18,825 700,694 719,519 5,036 724,555 (In thousands) Performing (Accruing) Loans As of December 31, 2017: 30 - 59 Days 60 - 89 Days 90 Days Total Current Total Non-accruing Loans Loan portfolio segment: Commercial Real Estate: Pass $ - - - - 286,428 286,428 - 286,428 Special Mention - 1,121 - 1,121 9,317 10,438 - 10,438 Substandard - 1,688 - 1,688 1,371 3,059 - 3,059 - 2,809 - 2,809 297,116 299,925 - 299,925 Residential Real Estate: Pass 1,068 255 - 1,323 140,497 141,820 - 141,820 Special Mention - 1,529 - 1,529 - 1,529 - 1,529 Substandard - - - - - - 3,028 3,028 1,068 1,784 - 2,852 140,497 143,349 3,028 146,377 Commercial and Industrial: Pass - 2,000 375 2,375 127,057 129,432 - 129,432 Special Mention - - - - - - - - Substandard - - 981 981 - 981 748 1,729 - 2,000 1,356 3,356 127,057 130,413 748 131,161 Consumer and Other: Pass 498 - - 498 87,207 87,705 - 87,705 Substandard - - - - - - 2 2 498 - - 498 87,207 87,705 2 87,707 Construction: Pass - - - - 47,619 47,619 - 47,619 Construction to permanent - CRE: Pass - - - - 6,858 6,858 - 6,858 Total $ 1,566 6,593 1,356 9,515 706,354 715,869 3,778 719,647 Loans receivable, gross: Pass $ 1,566 2,255 375 4,196 695,666 699,862 - 699,862 Special Mention - 2,650 - 2,650 9,317 11,967 - 11,967 Substandard - 1,688 981 2,669 1,371 4,040 3,778 7,818 Loans receivable, gross $ 1,566 6,593 1,356 9,515 706,354 715,869 3,778 719,647 |
Impaired Financing Receivables [Table Text Block] | (In thousands) March 31, 2018 December 31, 2017 Recorded Principal Related Recorded Principal Related With no related allowance recorded: Commercial Real Estate $ 2,429 2,429 - 1,977 2,425 - Residential Real Estate 3,343 3,343 - 3,336 3,369 - Commercial and Industrial 1,470 1,470 - 497 683 - Consumer and Other 690 690 - 690 818 - 7,932 7,932 - 6,500 7,295 - With a related allowance recorded: Commercial Real Estate - - - - - - Residential Real Estate - - - - - - Commercial and Industrial 51 51 51 251 251 251 Consumer and Other 4 4 4 2 2 2 55 55 55 253 253 253 Impaired Loans, Total: Commercial Real Estate 2,429 2,429 - 1,977 2,425 - Residential Real Estate 3,343 3,343 - 3,336 3,369 - Commercial and Industrial 1,521 1,521 51 748 934 251 Consumer and Other 694 694 4 692 820 2 Impaired Loans, Total $ 7,987 7,987 55 6,753 7,548 253 (In thousands) Three Months Ended March 31, 2018 2017 Average Interest Average Interest With no related allowance recorded: Commercial Real Estate $ 2,205 25 6,236 73 Residential Real Estate 3,342 3 1,910 3 Commercial and Industrial 739 - - - Consumer and Other 691 7 541 5 6,977 35 8,687 81 With a related allowance recorded: Commercial Real Estate - - - - Residential Real Estate - - - - Commercial and Industrial 393 - 231 - Consumer and Other 2 - - - 395 - 231 - Impaired Loans, Total: Commercial Real Estate 2,205 25 6,236 73 Residential Real Estate 3,342 3 1,910 3 Commercial and Industrial 1,132 - 231 - Consumer and Other 693 7 541 5 Impaired Loans, Total $ 7,372 35 8,918 81 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | (In thousands) March 31, 2018 December 31, 2017 Non-interest bearing $ 71,736 $ 81,197 Interest bearing: NOW 23,461 25,476 Savings 132,118 135,975 Money market 11,936 16,575 Certificates of deposit, less than $250,000 178,243 173,221 Certificates of deposit, $250,000 or greater 72,614 66,866 Brokered deposits 165,190 138,129 Interest bearing, Total 583,562 556,242 Total Deposits $ 655,298 $ 637,439 |
Note 6 - Share-based Compensa23
Note 6 - Share-based Compensation and Employee Benefit Plan (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Three months ended March 31, 2018: Number Weighted Average Unvested at December 31, 2017 25,870 $12.15 Granted 14,199 $17.93 Vested (2,935 ) $14.18 Forfeited (100 ) $15.50 Unvested at March 31, 2018 37,034 $14.20 Three months ended March 31, 2017: Unvested at December 31, 2016 35,264 $12.84 Vested (2,231 ) $13.03 Unvested at March 31, 2017 33,033 $12.55 |
Note 7 - Earnings Per Share (Ta
Note 7 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | (Net income in thousands) Three Months Ended March 31, 2018 2017 Basic earnings per share: Net income attributable to Common shareholders $ 1,065 1,730 Divided by: Weighted average shares outstanding 3,900,513 3,892,726 Basic earnings per common share $ 0.27 0.44 Diluted earnings per share: Net income attributable to Common shareholders $ 1,065 1,730 Weighted average shares outstanding 3,900,513 3,892,726 Effect of potentially dilutive restricted common shares 16,601 3,368 Divided by: Weighted average diluted shares outstanding 3,917,114 3,896,094 Diluted earnings per common share $ 0.27 0.44 |
Note 8 - Financial Instrument25
Note 8 - Financial Instruments With Off-balance Sheet Risk (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Commitment to Extended Credit [Table Text Block] | (In thousands) As of March 31, 2018 Commitments to extend credit: Unused lines of credit $ 67,423 Undisbursed construction loans 10,196 Home equity lines of credit 20,898 Future loan commitments 21,937 Financial standby letters of credit 1,286 $ 121,740 |
Note 9 - Regulatory and Opera26
Note 9 - Regulatory and Operational Matters (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | (In thousands) Patriot National Bancorp, Inc. Patriot Bank, N.A. March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017 Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total Capital (to risk weighted assets): Actual 79,461 10.408 74,264 10.092 89,306 11.759 83,711 11.406 To be Well Capitalized (1) - - - - 75,947 10.000 73,393 10.000 For capital adequacy with Capital Buffer (2) - - - - 74,997 9.875 67,889 9.250 For capital adequacy 61,075 8.000 58,868 8.000 60,757 8.000 58,715 8.000 Tier 1 Capital (to risk weighted assets): Actual 72,968 9.558 67,959 9.235 82,813 10.904 77,407 10.547 To be Well Capitalized (1) - - - - 60,757 8.000 58,715 8.000 For capital adequacy with Capital Buffer (2) - - - - 59,808 7.875 53,210 7.250 For capital adequacy 45,806 6.000 44,151 6.000 45,568 6.000 44,036 6.000 Common Equity Tier 1 Capital (to risk weighted assets): Actual 64,968 8.510 59,959 8.148 82,813 10.904 77,407 10.547 To be Well Capitalized (1) - - - - 49,365 6.500 47,706 6.500 For capital adequacy with Capital Buffer (2) - - - - 48,416 6.375 42,201 5.750 For capital adequacy 34,355 4.500 33,113 4.500 34,176 4.500 33,027 4.500 Tier 1 Leverage Capital (to average assets): Actual 72,968 8.561 67,959 8.219 82,813 9.722 77,407 9.360 To be Well Capitalized (1) - - - - 42,592 5.000 41,351 5.000 For capital adequacy 34,093 4.000 33,072 4.000 34,074 4.000 33,081 4.000 |
Note 10 - Fair Value and Inte27
Note 10 - Fair Value and Interest Rate Risk (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | (In thousands) Quoted Prices in Significant Observable Inputs Significant Unobservable Inputs Total March 31, 2018: U. S. Government agency mortgage-backed securities $ - 6,655 - 6,655 Corporate bonds - 13,601 - 13,601 Subordinated notes - 4,537 - 4,537 Available-for-sale securities $ - 24,793 - 24,793 December 31, 2017: U. S. Government agency mortgage-backed securities $ - 7,224 - 7,224 Corporate bonds - 13,804 - 13,804 Subordinated notes - 4,548 - 4,548 Available-for-sale securities $ - 25,576 - 25,576 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | (In thousands) Fair Value Valuation Methodology Unobservable Inputs Range of Inputs March 31, 2018: Impaired loans $ 7,932 Real Estate Appraisals Discount for appraisal type 0% - 8% December 31, 2017: Impaired loans $ 6,500 Real Estate Appraisals Discount for appraisal type 0% - 8% |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (In thousands) March 31, 2018 December 31, 2017 Fair Value Carrying Estimated Carrying Estimated Financial Assets: Cash and noninterest bearing balances due from banks Level 1 $ 3,865 3,865 3,582 3,582 Interest-bearing deposits due from banks Level 1 58,127 58,127 45,659 45,659 U. S. Government agency mortgage-backed securities Level 2 6,655 6,655 7,224 7,224 Corporate bonds Level 2 13,601 13,601 13,804 13,804 Subordinated Notes Level 2 4,537 4,537 4,548 4,548 Other investments Level 2 4,450 4,450 4,450 4,450 Federal Reserve Bank stock Level 2 2,526 2,526 2,502 2,502 Federal Home Loan Bank stock Level 2 5,889 5,889 5,889 5,889 Loans receivable, net Level 3 718,070 705,991 713,350 702,816 Accrued interest receivable Level 2 3,505 3,505 3,496 3,496 Financial assets, total $ 821,225 809,146 804,504 793,970 Financial Liabilities: Demand deposits Level 2 $ 71,736 71,736 81,197 81,197 Savings deposits Level 2 132,118 132,118 135,975 135,975 Money market deposits Level 2 11,936 11,936 16,575 16,575 NOW accounts Level 2 23,461 23,461 25,476 25,476 Time deposits Level 2 250,857 249,401 240,087 239,219 Brokered deposits Level 1 165,190 164,650 138,129 137,870 FHLB and correspondent bank borrowings Level 2 120,000 120,086 120,000 120,218 Senior notes Level 2 11,722 11,116 11,703 11,249 Subordinated debentures Level 2 8,088 8,088 8,086 8,086 Note payable Level 3 1,532 1,345 1,580 1,416 Accrued interest payable Level 2 954 954 569 569 Financial liabilities, total $ 797,594 794,891 779,377 777,850 |
Note 3 - Available-for-sale S28
Note 3 - Available-for-sale Securities (Details Textual) | 3 Months Ended | ||
Mar. 31, 2018USD ($) | Mar. 31, 2017USD ($) | Dec. 31, 2017USD ($) | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 10 | 9 | |
Number of Available-for-sale Securities | 12 | 11 | |
Unrealized Holding Losses Depreciation Percentage from Amortized Cost | 2.90% | 1.40% | |
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | $ 0 | ||
Proceeds from Sale of Debt Securities, Available-for-sale | 0 | $ 9,000,000 | |
Payments to Acquire Debt Securities, Available-for-sale | 0 | 11,500,000 | |
Debt Securities, Available-for-sale, Realized Gain (Loss), Total | $ (78,000) | ||
Available-For-Sale Securities Pledged to the Federal Reserve Bank of New York to Secure Municipal Deposits [Member] | |||
Debt Securities, Available-for-sale, Restricted | $ 6,000,000 | $ 6,700,000 |
Note 3 - Available-for-sale S29
Note 3 - Available-for-sale Securities - Investment Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Available-for-sale securities, amortized cost | $ 25,354 | $ 25,830 |
Available-for-sale securities, gross unrealized gains | 37 | 48 |
Available-for-sale securities, gross unrealized losses | (598) | (302) |
Available-for-sale securities, at fair value | 24,793 | 25,576 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities, amortized cost | 6,854 | 7,330 |
Available-for-sale securities, gross unrealized gains | ||
Available-for-sale securities, gross unrealized losses | (199) | (106) |
Available-for-sale securities, at fair value | 6,655 | 7,224 |
Corporate Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 14,000 | 14,000 |
Available-for-sale securities, gross unrealized gains | ||
Available-for-sale securities, gross unrealized losses | (399) | (196) |
Available-for-sale securities, at fair value | 13,601 | 13,804 |
Subordinated Notes [Member] | ||
Available-for-sale securities, amortized cost | 4,500 | 4,500 |
Available-for-sale securities, gross unrealized gains | 37 | 48 |
Available-for-sale securities, gross unrealized losses | ||
Available-for-sale securities, at fair value | $ 4,537 | $ 4,548 |
Note 3 - Available-for-sale S30
Note 3 - Available-for-sale Securities - Investment Securities in a Continuous Loss Position (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Available-for-sale securities in continuous loss position, less than 12 months, fair value | $ 11,406 | $ 17,922 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (412) | (209) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 8,850 | 3,106 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (186) | (93) |
Available-for-sale securities in continuous loss position, fair value | 20,256 | 21,028 |
Available-for-sale securities in continuous loss position, unrealized loss | (598) | (302) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 3,755 | 4,118 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (63) | (13) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 2,900 | 3,106 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (136) | (93) |
Available-for-sale securities in continuous loss position, fair value | 6,655 | 7,224 |
Available-for-sale securities in continuous loss position, unrealized loss | (199) | (106) |
Corporate Debt Securities [Member] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 7,651 | 13,804 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (349) | (196) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 5,950 | |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (50) | |
Available-for-sale securities in continuous loss position, fair value | 13,601 | 13,804 |
Available-for-sale securities in continuous loss position, unrealized loss | $ (399) | $ (196) |
Note 3 - Available-for-sale S31
Note 3 - Available-for-sale Securities - Investment Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Amortized cost, due within 5 years | ||
Amortized cost, due after 5 years through 10 years | 16,536 | 16,700 |
Amortized cost, due after 10 years | 8,818 | 9,130 |
Available-for-sale securities, amortized cost | 25,354 | 25,830 |
Fair value, due within 5 years | ||
Fair value, due after 5 years through 10 years | 16,284 | 16,583 |
Fair value, due after 10 years | 8,509 | 8,993 |
Fair value, total | 24,793 | 25,576 |
Corporate Debt Securities [Member] | ||
Amortized cost, due within 5 years | ||
Amortized cost, due after 5 years through 10 years | 9,000 | 9,000 |
Amortized cost, due after 10 years | 5,000 | 5,000 |
Available-for-sale securities, amortized cost | 14,000 | 14,000 |
Fair value, due within 5 years | ||
Fair value, due after 5 years through 10 years | 8,847 | 8,928 |
Fair value, due after 10 years | 4,754 | 4,876 |
Fair value, total | 13,601 | 13,804 |
Subordinated Notes [Member] | ||
Amortized cost, due within 5 years | ||
Amortized cost, due after 5 years through 10 years | 4,500 | 4,500 |
Amortized cost, due after 10 years | ||
Available-for-sale securities, amortized cost | 4,500 | 4,500 |
Fair value, due within 5 years | ||
Fair value, due after 5 years through 10 years | 4,537 | 4,548 |
Fair value, due after 10 years | ||
Fair value, total | 4,537 | 4,548 |
Available-for-sale Securities with Single Maturity Dates [Member] | ||
Amortized cost, due within 5 years | ||
Amortized cost, due after 5 years through 10 years | 13,500 | 13,500 |
Amortized cost, due after 10 years | 5,000 | 5,000 |
Available-for-sale securities, amortized cost | 18,500 | 18,500 |
Fair value, due within 5 years | ||
Fair value, due after 5 years through 10 years | 13,384 | 13,476 |
Fair value, due after 10 years | 4,754 | 4,876 |
Fair value, total | 18,138 | 18,352 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost, due within 5 years | ||
Amortized cost, due after 5 years through 10 years | 3,036 | 3,200 |
Amortized cost, due after 10 years | 3,818 | 4,130 |
Available-for-sale securities, amortized cost | 6,854 | 7,330 |
Fair value, due within 5 years | ||
Fair value, due after 5 years through 10 years | 2,900 | 3,107 |
Fair value, due after 10 years | 3,755 | 4,117 |
Fair value, total | $ 6,655 | $ 7,224 |
Note 4 - Loans Receivable and32
Note 4 - Loans Receivable and Allowance for Loan Losses (Details Textual) | 1 Months Ended | 3 Months Ended | ||
Mar. 31, 2017USD ($) | Mar. 31, 2018USD ($) | Mar. 31, 2017USD ($) | Dec. 31, 2017USD ($) | |
Payments to Acquire Loans Receivable | $ 72,889,000 | |||
Maximum Period of Credit Extension of Construction Loans | 1 year 180 days | |||
Loans Receivable, Term to Reset to FHLB Rate | 5 years | |||
Period for Charged Off of Open-End Credits | 180 days | |||
Period for Charged Off of Close-End Credits | 120 days | |||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 81,000 | $ 21,000 | ||
Threshold Period Past Due for Write-off of Financing Receivable | 90 days | |||
Maximum Period for Charged Off of Consumer Installment Loans | 180 days | |||
Performance Period Under Loan Terms | 180 days | |||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | ||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 0 | ||
Impaired Financing Receivable, Recorded Investment, Total | 7,987,000 | 6,753,000 | ||
Impaired Financing Receivable, Related Allowance | $ 55,000 | $ 253,000 | ||
Number of Impaired Loans | 15 | 12 | ||
Non-Accrual Loans [Member] | ||||
Impaired Financing Receivable, Interest Income, Cash Basis Method, Total | $ 0 | $ 0 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Maximum Percentage of Credit Extension Based on Market Value of Collateral | 75.00% | |||
Impaired Financing Receivable, Recorded Investment, Total | $ 2,429,000 | $ 1,977,000 | ||
Impaired Financing Receivable, Related Allowance | ||||
Multi-family Real Estate [Member] | ||||
Maximum Percentage of Credit Extension Based on Market Value of Collateral | 80.00% | |||
Construction Portfolio Segment [Member] | ||||
Percentage of Maximum Loan to Value | 75.00% | |||
Residential Portfolio Segment [Member] | ||||
Payments to Acquire Loans Receivable | $ 73,000,000 | $ 0 | ||
Receivable with Imputed Interest, Premium | $ 985,000 | $ 985,000 | ||
Impaired Financing Receivable, Recorded Investment, Total | 3,343,000 | 3,336,000 | ||
Impaired Financing Receivable, Related Allowance | ||||
Construction to Permanent Portfolio Segment [Member] | Minimum [Member] | ||||
Loans Receivable, Term | 20 years | |||
Construction to Permanent Portfolio Segment [Member] | Maximum [Member] | ||||
Loans Receivable, Term | 25 years |
Note 4 - Loans Receivable and33
Note 4 - Loans Receivable and Allowance for Loan Losses - Loan Portfolio (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Loans receivable, gross | $ 724,555 | $ 719,647 | ||
Allowance for loan losses | (6,485) | (6,297) | $ (5,697) | $ (4,675) |
Loans receivable, net | 718,070 | 713,350 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Loans receivable, gross | 313,868 | 299,925 | ||
Allowance for loan losses | (2,480) | (2,212) | (2,198) | (1,853) |
Residential Portfolio Segment [Member] | ||||
Loans receivable, gross | 144,633 | 146,377 | ||
Allowance for loan losses | (1,073) | (959) | (1,073) | (534) |
Commercial Portfolio Segment [Member] | ||||
Loans receivable, gross | 129,913 | 131,161 | ||
Allowance for loan losses | (1,759) | (2,023) | (1,049) | (740) |
Consumer Portfolio Segment [Member] | ||||
Loans receivable, gross | 83,185 | 87,707 | ||
Allowance for loan losses | (546) | (568) | (583) | (641) |
Construction Portfolio Segment [Member] | ||||
Loans receivable, gross | 46,348 | 47,619 | ||
Allowance for loan losses | (488) | (481) | (591) | (712) |
Construction to Permanent Portfolio Segment [Member] | ||||
Loans receivable, gross | 6,608 | 6,858 | ||
Allowance for loan losses | $ (61) | $ (54) | $ (77) | $ (69) |
Note 4 - Loans Receivable and34
Note 4 - Loans Receivable and Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2018 | Dec. 31, 2017 | |
Balance | $ 6,297 | $ 4,675 | ||
Charge-offs | 0 | |||
Recoveries | 3 | 2,771 | ||
Provisions (credits) | 185 | (1,749) | ||
Balance | 6,485 | 5,697 | ||
Allowance for loan losses: Individually evaluated for impairment | $ 55 | $ 253 | ||
Allowance for loan losses: Collectively evaluated for impairment | 6,430 | 6,044 | ||
Total allowance for loan losses | 6,485 | 4,675 | 6,485 | 6,297 |
Loans receivable, gross: Individually evaluated for impairment | 7,987 | 6,753 | ||
Loans receivable, gross: Collectively evaluated for impairment | 716,568 | 712,894 | ||
Total loans receivable, gross | 724,555 | 719,647 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||
Balance | 2,212 | 1,853 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 3 | 2 | ||
Provisions (credits) | 265 | 343 | ||
Balance | 2,480 | 2,198 | ||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses: Collectively evaluated for impairment | 2,480 | 2,212 | ||
Total allowance for loan losses | 2,212 | 1,853 | 2,480 | 2,212 |
Loans receivable, gross: Individually evaluated for impairment | 2,429 | 1,977 | ||
Loans receivable, gross: Collectively evaluated for impairment | 311,439 | 297,948 | ||
Total loans receivable, gross | 313,868 | 299,925 | ||
Residential Portfolio Segment [Member] | ||||
Balance | 959 | 534 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provisions (credits) | 114 | 539 | ||
Balance | 1,073 | 1,073 | ||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses: Collectively evaluated for impairment | 1,073 | 959 | ||
Total allowance for loan losses | 959 | 534 | 1,073 | 959 |
Loans receivable, gross: Individually evaluated for impairment | 3,343 | 3,336 | ||
Loans receivable, gross: Collectively evaluated for impairment | 141,290 | 143,041 | ||
Total loans receivable, gross | 144,633 | 146,377 | ||
Commercial Portfolio Segment [Member] | ||||
Balance | 2,023 | 740 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 2,769 | ||
Provisions (credits) | (264) | (2,460) | ||
Balance | 1,759 | 1,049 | ||
Allowance for loan losses: Individually evaluated for impairment | 51 | 251 | ||
Allowance for loan losses: Collectively evaluated for impairment | 1,708 | 1,772 | ||
Total allowance for loan losses | 2,023 | 740 | 1,759 | 2,023 |
Loans receivable, gross: Individually evaluated for impairment | 1,521 | 748 | ||
Loans receivable, gross: Collectively evaluated for impairment | 128,392 | 130,413 | ||
Total loans receivable, gross | 129,913 | 131,161 | ||
Consumer Portfolio Segment [Member] | ||||
Balance | 568 | 641 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provisions (credits) | (22) | (58) | ||
Balance | 546 | 583 | ||
Allowance for loan losses: Individually evaluated for impairment | 4 | 2 | ||
Allowance for loan losses: Collectively evaluated for impairment | 542 | 566 | ||
Total allowance for loan losses | 568 | 641 | 546 | 568 |
Loans receivable, gross: Individually evaluated for impairment | 694 | 692 | ||
Loans receivable, gross: Collectively evaluated for impairment | 82,491 | 87,015 | ||
Total loans receivable, gross | 83,185 | 87,707 | ||
Construction Portfolio Segment [Member] | ||||
Balance | 481 | 712 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provisions (credits) | 7 | (121) | ||
Balance | 488 | 591 | ||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses: Collectively evaluated for impairment | 488 | 481 | ||
Total allowance for loan losses | 481 | 712 | 488 | 481 |
Loans receivable, gross: Individually evaluated for impairment | 0 | |||
Loans receivable, gross: Collectively evaluated for impairment | 46,348 | 47,619 | ||
Total loans receivable, gross | 46,348 | 47,619 | ||
Construction to Permanent Portfolio Segment [Member] | ||||
Balance | 54 | 69 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provisions (credits) | 7 | 8 | ||
Balance | 61 | 77 | ||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses: Collectively evaluated for impairment | 61 | 54 | ||
Total allowance for loan losses | 54 | 69 | 61 | 54 |
Loans receivable, gross: Individually evaluated for impairment | 0 | |||
Loans receivable, gross: Collectively evaluated for impairment | 6,608 | 6,858 | ||
Total loans receivable, gross | 6,608 | 6,858 | ||
Unallocated Financing Receivables [Member] | ||||
Balance | 0 | 126 | ||
Charge-offs | 0 | 0 | ||
Recoveries | 0 | 0 | ||
Provisions (credits) | 78 | 0 | ||
Balance | 78 | 126 | ||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | ||
Allowance for loan losses: Collectively evaluated for impairment | 78 | 0 | ||
Total allowance for loan losses | $ 0 | $ 126 | 78 | 0 |
Loans receivable, gross: Individually evaluated for impairment | 0 | |||
Loans receivable, gross: Collectively evaluated for impairment | 0 | 0 | ||
Total loans receivable, gross | $ 0 | $ 0 |
Note 4 - Loans Receivable and35
Note 4 - Loans Receivable and Allowance for Loan Losses - Non-accrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Non-accruing loans | $ 5,036 | $ 3,778 |
Commercial Real Estate Portfolio Segment [Member] | ||
Non-accruing loans | 474 | |
Residential Portfolio Segment [Member] | ||
Non-accruing loans | 3,037 | 3,028 |
Commercial Portfolio Segment [Member] | ||
Non-accruing loans | 1,521 | 748 |
Substandard [Member] | ||
Non-accruing loans | 5,036 | 3,778 |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Non-accruing loans | 474 | |
Substandard [Member] | Residential Portfolio Segment [Member] | ||
Non-accruing loans | 3,037 | 3,028 |
Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Non-accruing loans | 1,521 | 748 |
Substandard [Member] | Consumer and Other Portfolio Segment [Member] | ||
Non-accruing loans | 4 | 2 |
Substandard [Member] | Non-Accrual Loans [Member] | ||
Performing (accruing) loans, past due | 5,036 | 3,778 |
Performing (accruing) loans, current | 0 | 0 |
Substandard [Member] | Non-Accrual Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 474 | |
Performing (accruing) loans, current | 0 | |
Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 3,037 | 3,028 |
Performing (accruing) loans, current | 0 | 0 |
Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,521 | 748 |
Performing (accruing) loans, current | 0 | 0 |
Substandard [Member] | Non-Accrual Loans [Member] | Consumer and Other Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 4 | 2 |
Performing (accruing) loans, current | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | ||
Performing (accruing) loans, past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 0 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 0 | 0 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Consumer and Other Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | ||
Performing (accruing) loans, past due | 6 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 0 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 0 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 6 | 0 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Consumer and Other Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 0 | 0 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | ||
Performing (accruing) loans, past due | 5,030 | 3,778 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 474 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 3,037 | 3,028 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,515 | 748 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Consumer and Other Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | $ 4 | $ 2 |
Note 4 - Loans Receivable and36
Note 4 - Loans Receivable and Allowance for Loan Losses - Delinquency Status of Performing and Non-performing Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Loans receivable, gross | $ 724,555 | $ 719,647 |
Non-accruing loans | 5,036 | 3,778 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 313,868 | 299,925 |
Non-accruing loans | 474 | |
Residential Portfolio Segment [Member] | ||
Loans receivable, gross | 144,633 | 146,377 |
Non-accruing loans | 3,037 | 3,028 |
Commercial Portfolio Segment [Member] | ||
Loans receivable, gross | 129,913 | 131,161 |
Non-accruing loans | 1,521 | 748 |
Consumer Portfolio Segment [Member] | ||
Loans receivable, gross | 83,185 | 87,707 |
Non-accruing loans | 4 | 2 |
Construction Portfolio Segment [Member] | ||
Loans receivable, gross | 46,348 | 47,619 |
Non-accruing loans | ||
Construction to Permanent Portfolio Segment [Member] | ||
Loans receivable, gross | 6,608 | 6,858 |
Pass [Member] | ||
Loans receivable, gross | 695,506 | 699,862 |
Non-accruing loans | ||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 299,700 | 286,428 |
Non-accruing loans | ||
Pass [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable, gross | 140,077 | 141,820 |
Non-accruing loans | ||
Pass [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable, gross | 128,392 | 129,432 |
Non-accruing loans | ||
Pass [Member] | Consumer Portfolio Segment [Member] | ||
Loans receivable, gross | 83,181 | 87,705 |
Non-accruing loans | ||
Pass [Member] | Construction Portfolio Segment [Member] | ||
Loans receivable, gross | 37,548 | 47,619 |
Non-accruing loans | ||
Pass [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Loans receivable, gross | 6,608 | 6,858 |
Non-accruing loans | ||
Special Mention [Member] | ||
Loans receivable, gross | 11,508 | 11,967 |
Non-accruing loans | ||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 9,989 | 10,438 |
Non-accruing loans | ||
Special Mention [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable, gross | 1,519 | 1,529 |
Non-accruing loans | ||
Special Mention [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable, gross | ||
Non-accruing loans | ||
Substandard [Member] | ||
Loans receivable, gross | 17,541 | 7,818 |
Non-accruing loans | 5,036 | 3,778 |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 4,179 | 3,059 |
Non-accruing loans | 474 | |
Substandard [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable, gross | 3,037 | 3,028 |
Non-accruing loans | 3,037 | 3,028 |
Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable, gross | 1,521 | 1,729 |
Non-accruing loans | 1,521 | 748 |
Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Loans receivable, gross | 4 | 2 |
Non-accruing loans | 4 | 2 |
Substandard [Member] | Construction Portfolio Segment [Member] | ||
Loans receivable, gross | 8,800 | |
Non-accruing loans | ||
Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 18,825 | 9,515 |
Performing (accruing) loans, current | 700,694 | 706,354 |
Loans receivable, gross | 719,519 | 715,869 |
Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 3,394 | 2,809 |
Performing (accruing) loans, current | 310,000 | 297,116 |
Loans receivable, gross | 313,394 | 299,925 |
Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 2,911 | 2,852 |
Performing (accruing) loans, current | 138,685 | 140,497 |
Loans receivable, gross | 141,596 | 143,349 |
Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,122 | 3,356 |
Performing (accruing) loans, current | 127,270 | 127,057 |
Loans receivable, gross | 128,392 | 130,413 |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 559 | 498 |
Performing (accruing) loans, current | 82,622 | 87,207 |
Loans receivable, gross | 83,181 | 87,705 |
Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 10,839 | |
Performing (accruing) loans, current | 35,509 | |
Loans receivable, gross | 46,348 | |
Performing Financial Instruments [Member] | Pass [Member] | ||
Performing (accruing) loans, past due | 5,801 | 4,196 |
Performing (accruing) loans, current | 689,705 | 695,666 |
Loans receivable, gross | 695,506 | 699,862 |
Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 689 | |
Performing (accruing) loans, current | 299,011 | 286,428 |
Loans receivable, gross | 299,700 | 286,428 |
Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,392 | 1,323 |
Performing (accruing) loans, current | 138,685 | 140,497 |
Loans receivable, gross | 140,077 | 141,820 |
Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,122 | 2,375 |
Performing (accruing) loans, current | 127,270 | 127,057 |
Loans receivable, gross | 128,392 | 129,432 |
Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 559 | 498 |
Performing (accruing) loans, current | 82,622 | 87,207 |
Loans receivable, gross | 83,181 | 87,705 |
Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 2,039 | |
Performing (accruing) loans, current | 35,509 | 47,619 |
Loans receivable, gross | 37,548 | 47,619 |
Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Performing (accruing) loans, current | 6,608 | 6,858 |
Loans receivable, gross | 6,608 | 6,858 |
Performing Financial Instruments [Member] | Special Mention [Member] | ||
Performing (accruing) loans, past due | 1,519 | 2,650 |
Performing (accruing) loans, current | 9,989 | 9,317 |
Loans receivable, gross | 11,508 | 11,967 |
Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,121 | |
Performing (accruing) loans, current | 9,989 | 9,317 |
Loans receivable, gross | 9,989 | 10,438 |
Performing Financial Instruments [Member] | Special Mention [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,519 | 1,529 |
Performing (accruing) loans, current | ||
Loans receivable, gross | 1,519 | 1,529 |
Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Performing (accruing) loans, current | ||
Loans receivable, gross | ||
Performing Financial Instruments [Member] | Substandard [Member] | ||
Performing (accruing) loans, past due | 11,505 | 2,669 |
Performing (accruing) loans, current | 1,000 | 1,371 |
Loans receivable, gross | 12,505 | 4,040 |
Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 2,705 | 1,688 |
Performing (accruing) loans, current | 1,000 | 1,371 |
Loans receivable, gross | 3,705 | 3,059 |
Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Performing (accruing) loans, current | ||
Loans receivable, gross | ||
Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 981 | |
Performing (accruing) loans, current | ||
Loans receivable, gross | 981 | |
Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Performing (accruing) loans, current | ||
Loans receivable, gross | ||
Performing Financial Instruments [Member] | Substandard [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 8,800 | |
Performing (accruing) loans, current | ||
Loans receivable, gross | 8,800 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 2,081 | 1,566 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 19 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,640 | 1,068 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 293 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 129 | 498 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Performing (accruing) loans, past due | 562 | 1,566 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 19 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 121 | 1,068 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 293 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 129 | 498 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | ||
Performing (accruing) loans, past due | 1,519 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,519 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 5,555 | 6,593 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 3,375 | 2,809 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,271 | 1,784 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 829 | 2,000 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 80 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Performing (accruing) loans, past due | 2,850 | 2,255 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 670 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,271 | 255 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 829 | 2,000 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 80 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | ||
Performing (accruing) loans, past due | 2,650 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,121 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,529 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | ||
Performing (accruing) loans, past due | 2,705 | 1,688 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 2,705 | 1,688 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 11,189 | 1,356 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,356 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 350 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 10,839 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Performing (accruing) loans, past due | 2,389 | 375 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 375 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 350 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 2,039 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | ||
Performing (accruing) loans, past due | 8,800 | 981 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 981 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | $ 8,800 |
Note 4 - Loans Receivable and37
Note 4 - Loans Receivable and Allowance for Loan Losses - Impaired Loans (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | |
Impaired loans with no related allowance recorded, recorded investment | $ 7,932,000 | $ 6,500,000 | |
Impaired loans with no related allowance recorded, unpaid principal balance | 7,932,000 | 7,295,000 | |
Impaired loans with a related allowance recorded, recorded investment | 55,000 | 253,000 | |
Impaired loans with a related allowance recorded, unpaid principal balance | 55,000 | 253,000 | |
Impaired loans, related allowance | 55,000 | 253,000 | |
Impaired loans, recorded investment | 7,987,000 | 6,753,000 | |
Impaired loans, unpaid principal balance | 7,987,000 | 7,548,000 | |
Impaired loans with no related allowance recorded, average recorded investment | 6,977,000 | $ 8,687,000 | |
Impaired loans with no allowance recorded, interest income recognized | 35,000 | 81,000 | |
Impaired loans with a related allowance recorded, average recorded investment | 395,000 | 231,000 | |
Impaired loans with a related allowance recorded, interest income recognized | |||
Impaired loans, average recorded investment | 7,372,000 | 8,918,000 | |
Impaired loans, interest income recognized | 35,000 | 81,000 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Impaired loans with no related allowance recorded, recorded investment | 2,429,000 | 1,977,000 | |
Impaired loans with no related allowance recorded, unpaid principal balance | 2,429,000 | 2,425,000 | |
Impaired loans with a related allowance recorded, recorded investment | |||
Impaired loans with a related allowance recorded, unpaid principal balance | |||
Impaired loans, related allowance | |||
Impaired loans, recorded investment | 2,429,000 | 1,977,000 | |
Impaired loans, unpaid principal balance | 2,429,000 | 2,425,000 | |
Impaired loans with no related allowance recorded, average recorded investment | 2,205,000 | 6,236,000 | |
Impaired loans with no allowance recorded, interest income recognized | 25,000 | 73,000 | |
Impaired loans with a related allowance recorded, average recorded investment | |||
Impaired loans with a related allowance recorded, interest income recognized | |||
Impaired loans, average recorded investment | 2,205,000 | 6,236,000 | |
Impaired loans, interest income recognized | 25,000 | 73,000 | |
Residential Portfolio Segment [Member] | |||
Impaired loans with no related allowance recorded, recorded investment | 3,343,000 | 3,336,000 | |
Impaired loans with no related allowance recorded, unpaid principal balance | 3,343,000 | 3,369,000 | |
Impaired loans with a related allowance recorded, recorded investment | |||
Impaired loans with a related allowance recorded, unpaid principal balance | |||
Impaired loans, related allowance | |||
Impaired loans, recorded investment | 3,343,000 | 3,336,000 | |
Impaired loans, unpaid principal balance | 3,343,000 | 3,369,000 | |
Impaired loans with no related allowance recorded, average recorded investment | 3,342,000 | 1,910,000 | |
Impaired loans with no allowance recorded, interest income recognized | 3,000 | 3,000 | |
Impaired loans with a related allowance recorded, average recorded investment | |||
Impaired loans with a related allowance recorded, interest income recognized | |||
Impaired loans, average recorded investment | 3,342,000 | 1,910,000 | |
Impaired loans, interest income recognized | 3,000 | 3,000 | |
Commercial Portfolio Segment [Member] | |||
Impaired loans with no related allowance recorded, recorded investment | 1,470,000 | 497,000 | |
Impaired loans with no related allowance recorded, unpaid principal balance | 1,470,000 | 683,000 | |
Impaired loans with a related allowance recorded, recorded investment | 51,000 | 251,000 | |
Impaired loans with a related allowance recorded, unpaid principal balance | 51,000 | 251,000 | |
Impaired loans, related allowance | 51,000 | 251,000 | |
Impaired loans, recorded investment | 1,521,000 | 748,000 | |
Impaired loans, unpaid principal balance | 1,521,000 | 934,000 | |
Impaired loans with no related allowance recorded, average recorded investment | 739,000 | ||
Impaired loans with no allowance recorded, interest income recognized | |||
Impaired loans with a related allowance recorded, average recorded investment | 393,000 | 231,000 | |
Impaired loans with a related allowance recorded, interest income recognized | |||
Impaired loans, average recorded investment | 1,132,000 | 231,000 | |
Impaired loans, interest income recognized | |||
Consumer Portfolio Segment [Member] | |||
Impaired loans with no related allowance recorded, recorded investment | 690,000 | 690,000 | |
Impaired loans with no related allowance recorded, unpaid principal balance | 690,000 | 818,000 | |
Impaired loans with a related allowance recorded, recorded investment | 4,000 | 2,000 | |
Impaired loans with a related allowance recorded, unpaid principal balance | 4,000 | 2,000 | |
Impaired loans, related allowance | 4,000 | 2,000 | |
Impaired loans, recorded investment | 694,000 | 692,000 | |
Impaired loans, unpaid principal balance | 694,000 | $ 820,000 | |
Impaired loans with no related allowance recorded, average recorded investment | 691,000 | 541,000 | |
Impaired loans with no allowance recorded, interest income recognized | 7,000 | 5,000 | |
Impaired loans with a related allowance recorded, average recorded investment | 2,000 | ||
Impaired loans with a related allowance recorded, interest income recognized | |||
Impaired loans, average recorded investment | 693,000 | 541,000 | |
Impaired loans, interest income recognized | $ 7,000 | $ 5,000 |
Note 5 - Deposits - Summary of
Note 5 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Non-interest bearing | $ 71,736 | $ 81,197 |
Interest bearing: | ||
NOW | 23,461 | 25,476 |
Savings | 132,118 | 135,975 |
Money market | 11,936 | 16,575 |
Certificates of deposit, less than $250,000 | 178,243 | 173,221 |
Certificates of deposit, $250,000 or greater | 72,614 | 66,866 |
Brokered deposits | 165,190 | 138,129 |
Interest bearing, Total | 583,562 | 556,242 |
Deposits | $ 655,298 | $ 637,439 |
Note 6 - Share-based Compensa39
Note 6 - Share-based Compensation and Employee Benefit Plan (Details Textual) - USD ($) $ / shares in Thousands | 3 Months Ended | |||
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | |
Labor and Related Expense | $ 2,769,000 | $ 2,430,000 | ||
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 50.00% | |||
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 6.00% | |||
Defined Contribution Plan, Cost | $ 51,000 | 34,000 | ||
Payments of Ordinary Dividends, Common Stock | $ 38,000 | |||
Common Stock, Dividends, Per Share, Declared | $ 0 | |||
Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 14,199 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 2,935 | 2,231 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 100 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 37,034 | 33,033 | 25,870 | 35,264 |
2012 Stock Plan [Member] | ||||
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 | 2,872,933 | |||
Allocated Share-based Compensation Expense, Total | $ 53,000 | $ 43,000 | ||
2012 Stock Plan [Member] | Employee [Member] | ||||
Allocated Share-based Compensation Expense, Total | 35,000 | 28,000 | ||
2012 Stock Plan [Member] | Patriot's External Directors [Member] | ||||
Allocated Share-based Compensation Expense, Total | 18,000 | 15,000 | ||
2012 Stock Plan [Member] | Patriot's External Directors [Member] | Other Nonoperating Income (Expense) [Member] | ||||
Labor and Related Expense | $ 82,000 | $ 69,000 | ||
2012 Stock Plan [Member] | Phantom Share Units (PSUs) [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number, Ending Balance | 0 | 0 | ||
2012 Stock Plan [Member] | Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 2,935 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 100 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 482,000 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 2 years 277 days | |||
2012 Stock Plan [Member] | Restricted Stock [Member] | Chief Executive Officer [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 11,200 | |||
2012 Stock Plan [Member] | Restricted Stock [Member] | Executive Vice President [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 2,999 | |||
2012 Stock Plan [Member] | Restricted Stock [Member] | Director [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 0 | |||
2012 Stock Plan [Member] | Restricted Stock [Member] | Employee [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 0 | |||
2012 Stock Plan [Member] | Restricted Stock [Member] | Non-executive Employees [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | 100 | 0 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 24,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | 6,200 | |||
2012 Stock Plan [Member] | Restricted Stock [Member] | Share-based Compensation Award, Tranche Two [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years | |||
2012 Stock Plan [Member] | Restricted Stock [Member] | Share-based Compensation Award, Tranche Three [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | |||
2012 Stock Plan [Member] | Restricted Stock [Member] | Share-based Compensation Award, Tranche One [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years |
Note 6 - Share-based Compensa40
Note 6 - Share-based Compensation and Employee Benefit Plan - Restricted Shares (Details) - Restricted Stock [Member] - $ / shares | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Unvested at beginning of year (in shares) | 25,870 | 35,264 |
Unvested at beginning of year, weighted average grant date fair value (in dollars per share) | $ 12.15 | $ 12.84 |
Granted (in shares) | 14,199 | |
Granted, weighted average grant date fair value (in dollars per share) | $ 17.93 | |
Vested (in shares) | (2,935) | (2,231) |
Vested, weighted average grant date fair value (in dollars per share) | $ 14.18 | $ 13.03 |
Forfeited (in shares) | (100) | |
Forfeited, weighted average grant date fair value (in dollars per share) | $ 15.50 | |
Unvested at end of year (in shares) | 37,034 | 33,033 |
Unvested at end of year, weighted average grant date fair value (in dollars per share) | $ 14.20 | $ 12.55 |
Note 7 - Earnings Per Share - C
Note 7 - Earnings Per Share - Computation of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Basic earnings per share: | ||
Net income attributable to Common shareholders | $ 1,065 | $ 1,730 |
Weighted average shares outstanding (in shares) | 3,900,513 | 3,892,726 |
Basic earnings per common share (in dollars per share) | $ 0.27 | $ 0.44 |
Diluted earnings per share: | ||
Net income attributable to Common shareholders | $ 1,065 | $ 1,730 |
Weighted average shares outstanding (in shares) | 3,900,513 | 3,892,726 |
Effect of potentially dilutive restricted common shares (in shares) | 16,601 | 3,368 |
Weighted average diluted shares outstanding (in shares) | 3,917,114 | 3,896,094 |
Diluted earnings per common share (in dollars per share) | $ 0.27 | $ 0.44 |
Note 8 - Financial Instrument42
Note 8 - Financial Instruments With Off-balance Sheet Risk (Details Textual) | Mar. 31, 2018USD ($) |
Banks Reserve Based on Analysis in Unfunded Commitments | $ 5,000 |
Note 8 - Financial Instrument43
Note 8 - Financial Instruments With Off-balance Sheet Risk - Financial Instruments With Credit Risk (Details) $ in Thousands | Mar. 31, 2018USD ($) |
Commitments to extend credit | $ 121,740 |
Unused Line of Credit [Member] | |
Commitments to extend credit | 67,423 |
Undisbursed Construction Loans [Member] | |
Commitments to extend credit | 10,196 |
Home Equity Lines of Credit [Member] | |
Commitments to extend credit | 20,898 |
Future Loan Commitments [Member] | |
Commitments to extend credit | 21,937 |
Financial Standy Letter of Credit [Member] | |
Commitments to extend credit | $ 1,286 |
Note 9 - Regulatory and Opera44
Note 9 - Regulatory and Operational Matters (Details Textual) | Jan. 01, 2019 | Mar. 31, 2018 | Dec. 31, 2017 |
Capital Required to be Well Capitalized to Risk Weighted Assets | 10.00% | ||
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 8.00% | ||
Common Equity, Tier 1, Capital Required for Capital Adequacy to Risk Weighted Assets | 6.50% | ||
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 5.00% | ||
Capital Conservation Buffer | 2.50% | ||
Capital Conservation Buffer Phase In Amount | 1.875% | 1.25% | |
Scenario, Forecast [Member] | |||
Common Equity, Tier 1, Capital Required for Capital Adequacy to Risk Weighted Assets | 7.00% | ||
Capital Required for Capital Adequacy to Risk Weighted Assets | 10.50% | ||
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets | 8.50% |
Note 9 - Regulatory and Opera45
Note 9 - Regulatory and Operational Matters - Regulatory Capital Amounts and Ratios (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | |
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 10.00% | ||
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 8.00% | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 6.50% | ||
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 5.00% | ||
Parent Company [Member] | |||
Total Capital (to Risk Weighted Assets) Actual Amount | $ 79,461 | $ 74,264 | |
Total Capital (to Risk Weighted Assets) Actual Ratio | 10.408% | 10.092% | |
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | [1] | ||
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | ||
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | [2] | ||
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | [2] | ||
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 61,075 | $ 58,868 | |
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 8.00% | 8.00% | |
Tier 1 Capital (to Risk Weighted Assets) Actual Amount | $ 72,968 | $ 67,959 | |
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio | 9.558% | 9.235% | |
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | [1] | ||
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | ||
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | [2] | ||
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | [2] | ||
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 45,806 | $ 44,151 | |
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 6.00% | 6.00% | |
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Amount | $ 64,968 | $ 59,959 | |
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio | 8.51% | 8.148% | |
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | [1] | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | [2] | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | [2] | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 34,355 | $ 33,113 | |
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 4.50% | 4.50% | |
Tier 1 Capital (to Average Assets) Actual Amount | $ 72,968 | $ 67,959 | |
Tier 1 Capital (to Average Assets) Actual Ratio | 8.561% | 8.219% | |
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | [1] | ||
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | ||
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes Amount | $ 34,093 | $ 33,072 | |
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes Ratio | 4.00% | 4.00% | |
Subsidiaries [Member] | |||
Total Capital (to Risk Weighted Assets) Actual Amount | $ 89,306 | $ 83,711 | |
Total Capital (to Risk Weighted Assets) Actual Ratio | 11.759% | 11.406% | |
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | [1] | $ 75,947 | $ 73,393 |
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | 10.00% | 10.00% |
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | [2] | $ 74,997 | $ 67,889 |
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | [2] | 9.875% | 9.25% |
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 60,757 | $ 58,715 | |
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 8.00% | 8.00% | |
Tier 1 Capital (to Risk Weighted Assets) Actual Amount | $ 82,813 | $ 77,407 | |
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio | 10.904% | 10.547% | |
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | [1] | $ 60,757 | $ 58,715 |
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | 8.00% | 8.00% |
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | [2] | $ 59,808 | $ 53,210 |
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | [2] | 7.875% | 7.25% |
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 45,568 | $ 44,036 | |
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 6.00% | 6.00% | |
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Amount | $ 82,813 | $ 77,407 | |
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio | 10.904% | 10.547% | |
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | [1] | $ 49,365 | $ 47,706 |
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | 6.50% | 6.50% |
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | [2] | $ 48,416 | $ 42,201 |
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | [2] | 6.375% | 5.75% |
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 34,176 | $ 33,027 | |
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 4.50% | 4.50% | |
Tier 1 Capital (to Average Assets) Actual Amount | $ 82,813 | $ 77,407 | |
Tier 1 Capital (to Average Assets) Actual Ratio | 9.722% | 9.36% | |
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | [1] | $ 42,592 | $ 41,351 |
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | 5.00% | 5.00% |
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes Amount | $ 34,074 | $ 33,081 | |
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes Ratio | 4.00% | 4.00% | |
[1] | Designation as "Well Capitalized" does not apply to bank holding companies - - the Company. Such categorization of capital adequacy only applies to insured depository institutions - - the Bank. | ||
[2] | The Capital Conservation Buffer implemented by the FDIC began to be phased in beginning January 1, 2016. It was not applicable to periods prior to that date and does not apply to bank holding companies - - the Company. |
Note 10 - Fair Value and Inte46
Note 10 - Fair Value and Interest Rate Risk (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Other Investments, Total | $ 4,450 | $ 4,450 |
Solomon Hess SBA Loan Fund [Member] | ||
Other Investments, Total | $ 4,500 |
Note 10 - Fair Value and Inte47
Note 10 - Fair Value and Interest Rate Risk - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Available-for-sale securities, at fair value | $ 24,793 | $ 25,576 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities, at fair value | 6,655 | 7,224 |
Corporate Debt Securities [Member] | ||
Available-for-sale securities, at fair value | 13,601 | 13,804 |
Subordinated Notes [Member] | ||
Available-for-sale securities, at fair value | 4,537 | 4,548 |
Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities, at fair value | 24,793 | 25,576 |
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities, at fair value | 6,655 | 7,224 |
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities, at fair value | 13,601 | 13,804 |
Fair Value, Measurements, Recurring [Member] | Subordinated Notes [Member] | ||
Available-for-sale securities, at fair value | 4,537 | 4,548 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities, at fair value | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities, at fair value | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities, at fair value | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Subordinated Notes [Member] | ||
Available-for-sale securities, at fair value | ||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities, at fair value | 24,793 | 25,576 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities, at fair value | 6,655 | 7,224 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities, at fair value | 13,601 | 13,804 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Subordinated Notes [Member] | ||
Available-for-sale securities, at fair value | 4,537 | 4,548 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available-for-sale securities, at fair value | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities, at fair value | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available-for-sale securities, at fair value | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Subordinated Notes [Member] | ||
Available-for-sale securities, at fair value |
Note 10 - Fair Value and Inte48
Note 10 - Fair Value and Interest Rate Risk - Quantitative Information About Level 3 Fair Value Measurements (Details) - Fair Value, Inputs, Level 3 [Member] - Impaired Loans [Member] - Fair Value of Collateral Approach [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2018 | Dec. 31, 2017 | |
Impaired loans | $ 7,932 | $ 6,500 |
Minimum [Member] | ||
Discount for appraisal type | 0.00% | 0.00% |
Maximum [Member] | ||
Discount for appraisal type | 8.00% | 8.00% |
Note 10 - Fair Value and Inte49
Note 10 - Fair Value and Interest Rate Risk - Financial Assets and Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Financial Assets: | ||
Available-for-sale securities, at fair value | $ 24,793 | $ 25,576 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Assets: | ||
Available-for-sale securities, at fair value | 6,655 | 7,224 |
Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Available-for-sale securities, at fair value | 13,601 | 13,804 |
Subordinated Notes [Member] | ||
Financial Assets: | ||
Available-for-sale securities, at fair value | 4,537 | 4,548 |
Reported Value Measurement [Member] | ||
Financial Assets: | ||
Financial assets, total | 821,225 | 804,504 |
Financial Liabilities: | ||
Financial liabilities, total | 797,594 | 779,377 |
Estimate of Fair Value Measurement [Member] | ||
Financial Assets: | ||
Financial assets, total | 809,146 | 793,970 |
Financial Liabilities: | ||
Financial liabilities, total | 794,891 | 777,850 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | Brokered Deposits [Member] | ||
Financial Liabilities: | ||
Deposits | 165,190 | 138,129 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | Cash and Due from Banks [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 3,865 | 3,582 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | Interest-bearing Deposits [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 58,127 | 45,659 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Brokered Deposits [Member] | ||
Financial Liabilities: | ||
Deposits | 164,650 | 137,870 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Cash and Due from Banks [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 3,865 | 3,582 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Interest-bearing Deposits [Member] | ||
Financial Assets: | ||
Cash and cash equivalents | 58,127 | 45,659 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Financial Assets: | ||
Other investments | 4,450 | 4,450 |
Federal Reserve Bank stock | 2,526 | 2,502 |
Federal Home Loan Bank stock | 5,889 | 5,889 |
Accrued interest receivable | 3,505 | 3,496 |
Financial Liabilities: | ||
FHLB and correspondent bank borrowings | 120,000 | 120,000 |
Senior notes | 11,722 | 11,703 |
Subordinated debentures | 8,088 | 8,086 |
Accrued interest payable | 954 | 569 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand Deposits [Member] | ||
Financial Liabilities: | ||
Deposits | 71,736 | 81,197 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Savings Deposits [Member] | ||
Financial Liabilities: | ||
Deposits | 132,118 | 135,975 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Money Market Deposits [Member] | ||
Financial Liabilities: | ||
Deposits | 11,936 | 16,575 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Negotiable Order of Withdrawal (NOW) Accounts [Member] | ||
Financial Liabilities: | ||
Deposits | 23,461 | 25,476 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member] | ||
Financial Liabilities: | ||
Deposits | 250,857 | 240,087 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Assets: | ||
Available-for-sale securities, at fair value | 6,655 | 7,224 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Available-for-sale securities, at fair value | 13,601 | 13,804 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Subordinated Notes [Member] | ||
Financial Assets: | ||
Available-for-sale securities, at fair value | 4,537 | 4,548 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial Assets: | ||
Other investments | 4,450 | 4,450 |
Federal Reserve Bank stock | 2,526 | 2,502 |
Federal Home Loan Bank stock | 5,889 | 5,889 |
Accrued interest receivable | 3,505 | 3,496 |
Financial Liabilities: | ||
FHLB and correspondent bank borrowings | 120,086 | 120,218 |
Senior notes | 11,116 | 11,249 |
Subordinated debentures | 8,088 | 8,086 |
Accrued interest payable | 954 | 569 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand Deposits [Member] | ||
Financial Liabilities: | ||
Deposits | 71,736 | 81,197 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Savings Deposits [Member] | ||
Financial Liabilities: | ||
Deposits | 132,118 | 135,975 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Money Market Deposits [Member] | ||
Financial Liabilities: | ||
Deposits | 11,936 | 16,575 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Negotiable Order of Withdrawal (NOW) Accounts [Member] | ||
Financial Liabilities: | ||
Deposits | 23,461 | 25,476 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Financial Liabilities: | ||
Deposits | 249,401 | 239,219 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Assets: | ||
Available-for-sale securities, at fair value | 6,655 | 7,224 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Available-for-sale securities, at fair value | 13,601 | 13,804 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Subordinated Notes [Member] | ||
Financial Assets: | ||
Available-for-sale securities, at fair value | 4,537 | 4,548 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Financial Assets: | ||
Loans receivable, net | 718,070 | 713,350 |
Financial Liabilities: | ||
Note payable | 1,532 | 1,580 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial Assets: | ||
Loans receivable, net | 705,991 | 702,816 |
Financial Liabilities: | ||
Note payable | $ 1,345 | $ 1,416 |
Note 11 - Mergers and Acquisi50
Note 11 - Mergers and Acquisitions (Details Textual) - USD ($) | May 10, 2018 | Feb. 06, 2018 | Mar. 31, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Assets, Total | $ 870,417,000 | $ 852,080,000 | |||
Marketable Securities, Total | 29,243,000 | 30,026,000 | |||
Deposits, Total | 655,298,000 | $ 637,439,000 | |||
Prime Bank [Member] | |||||
Assets, Total | 65,000,000 | ||||
Marketable Securities, Total | 36,000,000 | ||||
Loans Payable, Total | 23,000,000 | ||||
Deposits, Total | 48,000,000 | ||||
Hana SBL [Member] | |||||
SBA 7 (a) Loan Amount Originated | $ 1,000,000,000 | ||||
Prime Bank [Member] | |||||
Business Combination, Acquisition Related Costs | 136,000 | ||||
Prime Bank [Member] | Scenario, Forecast [Member] | |||||
Business Combination, Acquisition Related Costs | $ 200,000 | ||||
Prime Bank [Member] | Subsequent Event [Member] | |||||
Payments to Acquire Businesses, Gross | $ 5,900,000 | ||||
Hana SBL [Member] | |||||
Payments to Acquire Businesses, Gross | 83,000,000 | ||||
Business Combination, Acquisition Related Costs | $ 366,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Loans and Servicing Rights | 120,000,000 | ||||
Business Combination, Servicing Rights Purchased, Loan Amount | 370,000,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total | $ 41,000,000 | ||||
Hana SBL [Member] | Scenario, Forecast [Member] | |||||
Business Combination, Acquisition Related Costs | $ 350,000 |