Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2020 | Nov. 10, 2020 | |
Document Information [Line Items] | ||
Entity Registrant Name | PATRIOT NATIONAL BANCORP INC | |
Entity Central Index Key | 0001098146 | |
Trading Symbol | pnbk | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Interactive Data Current | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 3,937,041 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2020 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q3 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Cash and due from banks: | ||
Noninterest bearing deposits and cash | $ 3,231 | $ 2,693 |
Interest bearing deposits | 46,405 | 36,711 |
Total cash and cash equivalents | 49,636 | 39,404 |
Investment securities: | ||
Available-for-sale securities, at fair value | 47,823 | 48,317 |
Other investments, at cost | 4,450 | 4,450 |
Total investment securities | 52,273 | 52,767 |
Federal Reserve Bank stock, at cost | 2,783 | 2,897 |
Federal Home Loan Bank stock, at cost | 4,503 | 4,477 |
Loans receivable (net of allowance for loan losses: 2020: $11,171 and 2019: $10,115) | 740,127 | 802,049 |
Loans held for sale | 6,824 | 15,282 |
Accrued interest and dividends receivable | 6,834 | 3,603 |
Premises and equipment, net | 33,632 | 34,568 |
Other real estate owned | 1,954 | 2,400 |
Deferred tax asset, net | 12,066 | 11,133 |
Goodwill | 1,107 | 1,107 |
Core deposit intangible, net | 567 | 623 |
Other assets | 10,623 | 9,526 |
Total assets | 922,929 | 979,836 |
Deposits: | ||
Noninterest bearing deposits | 161,871 | 88,135 |
Interest bearing deposits | 565,560 | 681,400 |
Total deposits | 727,431 | 769,535 |
Federal Home Loan Bank and correspondent bank borrowings | 90,000 | 100,000 |
Senior notes, net | 11,909 | 11,853 |
Subordinated debt, net | 9,774 | 9,752 |
Junior subordinated debt owed to unconsolidated trust, net | 8,108 | 8,102 |
Note payable | 1,044 | 1,193 |
Advances from borrowers for taxes and insurance | 2,492 | 3,681 |
Accrued expenses and other liabilities | 7,634 | 8,726 |
Total liabilities | 858,392 | 912,842 |
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; As of September 30, 2020: 4,010,782 shares issued; 3,937,041 shares outstanding; As of December 31, 2019: 4,004,410 shares issued; 3,930,669 shares outstanding | 106,293 | 106,170 |
Accumulated deficit | (41,210) | (38,773) |
Accumulated other comprehensive loss | (546) | (403) |
Total shareholders' equity | 64,537 | 66,994 |
Total liabilities and shareholders' equity | $ 922,929 | $ 979,836 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Net of allowance for loan and lease losses | $ 11,171 | $ 10,115 |
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) | 4,010,782 | 4,004,410 |
Common stock, shares outstanding (in shares) | 3,937,041 | 3,930,669 |
Consolidated Statements of Oper
Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Interest and Dividend Income | ||||
Interest and fees on loans | $ 8,578 | $ 10,245 | $ 27,722 | $ 30,345 |
Interest on investment securities | 340 | 430 | 1,134 | 1,207 |
Dividends on investment securities | 85 | 112 | 313 | 344 |
Other interest income | 28 | 225 | 187 | 795 |
Total interest and dividend income | 9,031 | 11,012 | 29,356 | 32,691 |
Interest Expense | ||||
Interest on deposits | 2,028 | 3,655 | 8,020 | 10,452 |
Interest on Federal Home Loan Bank borrowings | 628 | 602 | 1,963 | 1,467 |
Interest on senior debt | 229 | 229 | 686 | 686 |
Interest on subordinated debt | 235 | 277 | 756 | 845 |
Interest on note payable and other | 5 | 6 | 15 | 20 |
Total interest expense | 3,125 | 4,769 | 11,440 | 13,470 |
Net interest income | 5,906 | 6,243 | 17,916 | 19,221 |
Provision for Loan Losses | 85 | 100 | 1,799 | 3,202 |
Net interest income after provision for loan losses | 5,821 | 6,143 | 16,117 | 16,019 |
Non-interest Income | ||||
Loan application, inspection and processing fees | 54 | 32 | 147 | 74 |
Deposit fees and service charges | 73 | 123 | 253 | 366 |
Gains on sales of loans | 380 | 188 | 464 | 864 |
Rental income | 131 | 137 | 393 | 459 |
Other income | 66 | 91 | 257 | 312 |
Total non-interest income | 704 | 571 | 1,514 | 2,075 |
Non-interest Expense | ||||
Salaries and benefits | 3,460 | 3,480 | 10,966 | 10,272 |
Occupancy and equipment expense | 810 | 937 | 2,680 | 2,598 |
Data processing expense | 433 | 357 | 1,194 | 1,088 |
Professional and other outside services | 627 | 721 | 2,137 | 2,233 |
Project expenses, net | 6 | 212 | 154 | 277 |
Advertising and promotional expense | 107 | 63 | 377 | 255 |
Loan administration and processing expense | 75 | 44 | 135 | 101 |
Regulatory assessments | 355 | 152 | 1,159 | 862 |
Insurance expense, net | 67 | 65 | 215 | 160 |
Communications, stationary and supplies | 118 | 118 | 371 | 383 |
Other operating expense | 560 | 530 | 1,491 | 1,626 |
Total non-interest expense | 6,618 | 6,679 | 20,879 | 19,855 |
(Loss) income before income taxes | (93) | 35 | (3,248) | (1,761) |
(Benefit) provision for income taxes | (6) | 8 | (811) | (456) |
Net (loss) income | $ (87) | $ 27 | $ (2,437) | $ (1,305) |
Basic (loss) earnings per share (in dollars per share) | $ (0.02) | $ 0.01 | $ (0.62) | $ (0.33) |
Diluted (loss) earnings per share (in dollars per share) | $ (0.02) | $ 0.01 | $ (0.62) | $ (0.33) |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Net (loss) income | $ (87) | $ 27 | $ (2,437) | $ (1,305) |
Other comprehensive income (loss) | ||||
Unrealized holding gain (loss) on securities | 553 | (215) | (193) | 132 |
Income tax effect | (143) | 57 | 50 | (23) |
Total other comprehensive income (loss) | 410 | (158) | (143) | 109 |
Comprehensive income (loss) | $ 323 | $ (131) | $ (2,580) | $ (1,196) |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Cumulative Effect, Period of Adoption, Adjustment [Member]Common Stock Outstanding [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]AOCI Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock Outstanding [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2018 | 3,910,674 | |||||||
Balance at Dec. 31, 2018 | $ (11) | $ (11) | $ 105,956 | $ (35,790) | $ (826) | $ 69,340 | ||
Net (loss) income | (1,305) | (1,305) | ||||||
Unrealized holding gain (loss) on available-for-sale securities, net of tax | 109 | 109 | ||||||
Total comprehensive income | (1,305) | 109 | (1,196) | |||||
Share-based compensation expense | $ 162 | 162 | ||||||
Vesting of restricted stock (in shares) | 14,328 | |||||||
Common stock dividends | (116) | (116) | ||||||
Balance (in shares) at Sep. 30, 2019 | 3,925,002 | |||||||
Balance at Sep. 30, 2019 | $ 106,118 | (37,222) | (717) | 68,179 | ||||
Balance (in shares) at Jun. 30, 2019 | 3,922,610 | |||||||
Balance at Jun. 30, 2019 | $ 106,059 | (37,210) | (559) | 68,290 | ||||
Net (loss) income | 27 | 27 | ||||||
Unrealized holding gain (loss) on available-for-sale securities, net of tax | (158) | (158) | ||||||
Total comprehensive income | 27 | (158) | (131) | |||||
Share-based compensation expense | $ 59 | 59 | ||||||
Vesting of restricted stock (in shares) | 2,392 | |||||||
Common stock dividends | (39) | (39) | ||||||
Balance (in shares) at Sep. 30, 2019 | 3,925,002 | |||||||
Balance at Sep. 30, 2019 | $ 106,118 | (37,222) | (717) | 68,179 | ||||
Balance (in shares) at Dec. 31, 2019 | 3,930,669 | |||||||
Balance at Dec. 31, 2019 | $ 106,170 | (38,773) | (403) | 66,994 | ||||
Net (loss) income | (2,437) | (2,437) | ||||||
Unrealized holding gain (loss) on available-for-sale securities, net of tax | (143) | (143) | ||||||
Total comprehensive income | (2,437) | (143) | (2,580) | |||||
Share-based compensation expense | $ 123 | 123 | ||||||
Vesting of restricted stock (in shares) | 6,372 | |||||||
Balance (in shares) at Sep. 30, 2020 | 3,937,041 | |||||||
Balance at Sep. 30, 2020 | $ 106,293 | (41,210) | (546) | 64,537 | ||||
Balance (in shares) at Jun. 30, 2020 | 3,935,841 | |||||||
Balance at Jun. 30, 2020 | $ 106,251 | (41,123) | (956) | 64,172 | ||||
Net (loss) income | (87) | (87) | ||||||
Unrealized holding gain (loss) on available-for-sale securities, net of tax | 410 | 410 | ||||||
Total comprehensive income | (87) | 410 | 323 | |||||
Share-based compensation expense | $ 42 | 42 | ||||||
Vesting of restricted stock (in shares) | 1,200 | |||||||
Balance (in shares) at Sep. 30, 2020 | 3,937,041 | |||||||
Balance at Sep. 30, 2020 | $ 106,293 | $ (41,210) | $ (546) | $ 64,537 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Cash Flows from Operating Activities: | ||
Net loss | $ (2,437,000) | $ (1,305,000) |
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
Amortization (accretion) of investment premiums (discounts), net | 168,000 | (20,000) |
Amortization and accretion of purchase loan premiums and discounts | 589,000 | 702,000 |
Amortization of debt issuance costs | 84,000 | 84,000 |
Amortization of core deposit intangible | 56,000 | 56,000 |
Amortization of servicing assets of sold SBA loans | 15,000 | 10,000 |
Provision for loan losses | 1,799,000 | 3,202,000 |
Depreciation and amortization | 1,144,000 | 1,201,000 |
Share-based compensation | 123,000 | 162,000 |
Increase in deferred income taxes | (883,000) | (667,000) |
Originations of SBA loans held for sale | (1,694,000) | (15,208,000) |
Proceeds from sale of SBA loans held for sale | 6,096,000 | 11,969,000 |
Gains on sale of SBA loans held for sale, net | (464,000) | (864,000) |
Net loss on sale of other real estate owned | 21,000 | 94,000 |
Changes in assets and liabilities: | ||
(Increase) decrease in accrued interest and dividends receivable | (3,231,000) | 228,000 |
Increase in other assets | (674,000) | (1,779,000) |
(Decrease) increase in accrued expenses and other liabilities | (1,465,000) | 700,000 |
Net cash used in operating activities | (753,000) | (1,435,000) |
Cash Flows from Investing Activities: | ||
Principal repayments on available-for-sale securities | 6,674,000 | 2,588,000 |
Purchases of available-for-sale securities | (6,541,000) | (12,997,000) |
Redemption (purchases) of Federal Reserve Bank stock | 114,000 | (23,000) |
(Purchases) redemptions of Federal Home Loan Bank stock | (26,000) | 451,000 |
Decrease in originated loans receivable, net | 95,464,000 | 4,552,000 |
Purchases of loans receivable | (31,525,000) | (28,213,000) |
Purchases of premises and equipment | (158,000) | (525,000) |
Proceeds from sale of other real estate owned | 425,000 | 897,000 |
Refund of escrow deposit related to acquisition activity | 500,000 | |
Net cash provided by (used in) investing activities | 64,427,000 | (32,770,000) |
Cash Flows from Financing Activities: | ||
(Decrease) increase in deposits, net | (92,102,000) | 18,775,000 |
Purchases of deposits | 49,998,000 | |
Repayments of FHLB borrowings | (10,000,000) | |
Principal repayments of note payable | (149,000) | (146,000) |
Decrease in advances from borrowers for taxes and insurance | (1,189,000) | (744,000) |
Dividends paid on common stock | (116,000) | |
Net cash (used in) provided by financing activities | (53,442,000) | 17,769,000 |
Net increase (decrease) in cash and cash equivalents | 10,232,000 | (16,436,000) |
Cash and cash equivalents at beginning of period | 39,404,000 | 66,437,000 |
Cash and cash equivalents at end of period | 49,636,000 | 50,001,000 |
Supplemental Disclosures of Cash Flow Information: | ||
Cash paid for interest | 12,237,000 | 12,996,000 |
Cash (refund) paid for income taxes, net | (193,000) | 22,000 |
Non-cash transactions: | ||
Purchase of premises and equipment | 50,000 | 124,000 |
Increase in accrued expense and other liabilities | (50,000) | (124,000) |
Transfers of loans receivable to other real estate owned | 446,000 | |
Transfers of loans receivable to loans held for sale | 5,022,000 | |
Operating lease right-of-use assets | 57,000 | 3,267,000 |
Operating lease liabilities | (57,000) | (3,364,000) |
Accrued liability for OREO sale | 86,000 | |
Capitalized servicing assets | 115,000 | 169,000 |
Contingent liability assumed in business combination | 621,000 | |
SBA CARES Act Paycheck Protection Program [Member] | ||
Non-cash transactions: | ||
Transfers of SBA loans held for sale to loans receivable | 9,542,000 | |
Interest Rate Swap [Member] | ||
Non-cash transactions: | ||
Increase in interest rate swaps assets | 609,000 | |
Increase in interest rate swaps liabilities | $ (609,000) |
Note 1 - Basis of Financial Sta
Note 1 - Basis of Financial Statement Presentation | 9 Months Ended |
Sep. 30, 2020 | |
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”) and its wholly-owned subsidiaries Patriot Bank, N.A. (the “Bank”) , Patriot National Statutory Trust I and PinPat Acquisition Corporation (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 Annual Report on Form 10 December 31, 2019. The consolidated balance sheet at December 31, 2019 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 and lease losses, the analysis and valuation of its investment securities, the valuation of deferred tax assets, the impairment of goodwill, the valuation of derivatives, and the valuation of servicing assets as certain of the Company's more significant accounting policies and estimates, in that they are critical to the presentation of the Company's consolidated 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 the Company's consolidated financial statements. Reclassifications: Certain amounts appearing in the financial statements and notes thereto for prior periods have been reclassified to conform with the current presentation. The reclassifications had no 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 nine September 30, 2020 not may 2020. COVID- 19 In March 2020, 2019 19" 19 The consolidated financial statements reflect estimates and assumptions that affect the reported amounts of assets and liabilities, including the amount of the allowance for loan losses. The assumptions and estimates used in the financial statements were impacted by the COVID- 19 19 2019. We are unable to estimate the full impact of COVID- 19 19 may On March 27, 2020, The CARES Act includes a provision for the Company to opt out of applying the “troubled-debt restructuring” (“TDR”) accounting guidance in ASC 310 40 March 1, 2020 December 30, 2020 60 19 not 30 December 31, 2019. April 7, 2020, 19 On August 3, 2020, |
Note 2 - Accounting Policies
Note 2 - Accounting Policies | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Accounting Standards Update and Change in Accounting Principle [Text Block] | Note 2. Accounting Policies Please refer to the summary of Significant Accounting Policies included in the Company's 2019 10 December 31, 2019. Recently Adopted and Issued Accounting Standards Accounting Standards Adopted During 2020 Effective January 1, 2020, ASU 2018 13 In August 2018, No. 2018 13, Fair Value Measurement (Topic 820 1 2 3 2018 13 2018 13 3 3 December 15, 2019. 3 2018 13 not ASU 2018 15 In August 2018, No. 2018 15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350 40 2018 15 2015 05, April 2015. 2018 15 December 15, 2019, The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The accounting for the service element of a hosting arrangement that is a service contract is not The amendments in this ASU also require the entity (customer) to expense the capitalized implementation costs of a hosting arrangement that is a service contract over the term of the hosting arrangement. The term of the hosting arrangement includes the non-cancellable period of the arrangement plus periods covered by ( 1 2 not 3 not 350 40 The amendments in this ASU also require the entity to present the expense related to the capitalized implementation costs in the same line item in the statement of income as the fees associated with the hosting element (service) of the arrangement and classify payments for capitalized implementation costs in the statement of cash flows in the same manner as payments made for fees associated with the hosting element. The entity is also required to present the capitalized implementation costs in the consolidated balance sheets in the same line item that a repayment for the fees of the associated hosting arrangement would be presented. The adoption of ASU 2018 15 not Accounting Standards Issued But Not 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. November 2019, 2019 10, 326 December 31, 2022, ASU 2019 12 ASU 2019 12, “Income Taxes (Topic 740 740 2019 12 January 1, 2021, not ASU Update 2020 02 In January 2020, No. 2020 02, “Financial Instruments - Credit Losses (Topic 326 842 No. 119 No. 2016 02, 842 No. 119, 2016 13 ASU Update 2020 03 In March 2020, No. 2020 3, “Codification Improvements to Financial Instruments.” 2016. 2016 13 not 2016 13. not 2016 13. 2016 13 |
Note 3 - Available-for-sale Sec
Note 3 - Available-for-sale Securities | 9 Months Ended |
Sep. 30, 2020 | |
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, gross unrealized losses and fair values of available-for-sale securities at September 30, 2020 December 31, 2019 (In thousands) Amortized Gross Gross Fair September 30, 2020: U. S. Government agency mortgage-backed securities $ 15,578 $ 139 $ (12 ) $ 15,705 Corporate bonds 18,015 123 (888 ) 17,250 Subordinated notes 9,033 120 (140 ) 9,013 SBA loan pools 5,369 - (68 ) 5,301 Municipal bonds 564 - (10 ) 554 $ 48,559 $ 382 $ (1,118 ) $ 47,823 December 31, 2019: U. S. Government agency mortgage-backed securities $ 16,663 $ 90 $ (68 ) $ 16,685 Corporate bonds 18,018 133 (838 ) 17,313 Subordinated notes 9,022 182 - 9,204 U.S. Treasury notes 5,157 - (42 ) 5,115 $ 48,860 $ 405 $ (948 ) $ 48,317 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 September 30, 2020 December 31, 2019: (In thousands) Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2020: U. S. Government agency mortgage-backed securities $ 3,510 $ (11 ) $ 1,537 $ (1 ) $ 5,047 $ (12 ) Corporate bonds - - 13,113 (888 ) 13,113 (888 ) Subordinated notes 5,393 (140 ) - - 5,393 (140 ) SBA loan pools 961 (12 ) 4,340 (56 ) 5,301 (68 ) Municipal bonds 398 (10 ) - - 398 (10 ) $ 10,262 $ (173 ) $ 18,990 $ (945 ) $ 29,252 $ (1,118 ) December 31, 2019: U. S. Government agency mortgage-backed securities $ 2,609 $ (20 ) $ 3,919 $ (48 ) $ 6,528 $ (68 ) Corporate bonds - - 13,162 (838 ) 13,162 (838 ) SBA loan pools 5,115 (42 ) - - 5,115 (42 ) $ 7,724 $ (62 ) $ 17,081 $ (886 ) $ 24,805 $ (948 ) At September 30, 2020 December 31, 2019, 19 34 15 27 3.7% 3.7% Based on its quarterly reviews, management believes that none not not not not none September 30, 2020. As of September 30, 2020 December 31, 2019, $3.7 $4.8 The following summarizes, by class and contractual maturity, the amortized cost and estimated fair value of available-for-sale debt securities held as of September 30, 2020 December 31, 2019. not may (In thousands) Amortized Cost Fair Value Due Due After Due Total Due Due After Due Total September 30, 2020: Corporate bonds $ 4,015 $ 14,000 $ - $ 18,015 $ 4,139 $ 13,111 $ - $ 17,250 Subordinated notes - 9,033 - 9,033 - 9,013 - 9,013 SBA loan pools - 5,369 - 5,369 - 5,301 - 5,301 Municipal bonds - 564 - 564 - 554 - 554 Available-for-sale securities with stated maturity dates 4,015 28,966 - 32,981 4,139 27,979 - 32,118 U. S. Government agency mortgage-backed securities 3,423 1,622 10,533 15,578 3,437 1,649 10,619 15,705 $ 7,438 $ 30,588 $ 10,533 $ 48,559 $ 7,576 $ 29,628 $ 10,619 $ 47,823 December 31, 2019: Corporate bonds $ 4,018 $ 14,000 $ - $ 18,018 $ 4,151 $ 13,162 $ - $ 17,313 Subordinated notes - 9,022 - 9,022 - 9,204 - 9,204 SBA loan pools - 5,157 - 5,157 - 5,115 - 5,115 Available-for-sale securities with stated maturity dates 4,018 28,179 - 32,197 4,151 27,481 - 31,632 U. S. Government agency mortgage-backed securities 3,805 2,047 10,811 16,663 3,810 2,016 10,859 16,685 $ 7,823 $ 30,226 $ 10,811 $ 48,860 $ 7,961 $ 29,497 $ 10,859 $ 48,317 During the nine September 30, 2020, $4.9 $988,000 $565,000 nine September 30, 2019, $3.5 $4.0 $5.5 no nine September 30, 2020 2019. |
Note 4 - Loans Receivable and A
Note 4 - Loans Receivable and Allowance for Loan and Lease Losses | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4. Loans Receivable and Allowance for Loan and Lease Losses As of September 30, 2020 December 31, 2019, September 30, December 31, (In thousands) 2020 2019 Loan portfolio segment: Commercial Real Estate $ 292,067 $ 314,414 Residential Real Estate 162,976 175,489 Commercial and Industrial 147,248 173,875 Consumer and Other 73,127 85,934 Construction 61,534 48,388 Construction to Permanent - CRE 14,346 14,064 Loans receivable, gross 751,298 812,164 Allowance for loan and lease losses (11,171 ) (10,115 ) Loans receivable, net $ 740,127 $ 802,049 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 In connection with the Prime Bank merger in May 2018, 310 30. zero September 30, 2020 $176,000 December 31, 2019, Income is recognized on PCI loans pursuant to ASC Topic 310 30. not A summary of changes in the accretable discount for PCI loans for the three nine September 30, 2020 2019 (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Accretable discount, beginning of period $ - $ (201 ) $ (47 ) $ (792 ) Accretion - 9 2 43 Other changes, net - 141 45 698 Accretable discount, end of period $ - $ (51 ) $ - $ (51 ) The accretion of the accretable discount for PCI loans for the three nine September 30, 2020 $0 $2,000, three nine September 30, 2019 $9,000 $43,000, 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 During the three nine September 30, 2020, $2.5 $16.6 three nine September 30, 2019, $4.6 $20.9 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 Patriot's syndicated and leveraged loan portfolio, which totaled $60.6 $71.5 September 30, 2020 December 31, 2019, Consumer and Other Loans Patriot offers individual consumers various forms of credit including installment loans, credit cards, overdraft protection, auto loans 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 Patriot purchased $0 $14.9 three nine September 30, 2020, three nine September 30, 2019, $0 $7.3 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”) Loans in this category represent a one 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. SBA Loans Patriot originates SBA 7 75% $21.5 $9.6 September 30, 2020 December 31, 2019, nine September 30, 2020, $9.5 Allowance for L oan and L ease L osses The following tables summarize the activity in the allowance for loan and lease losses, allocated to segments of the loan portfolio, for the three nine September 30, 2020 2019: (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total Three months ended September 30, 2020 Allowance for loan and lease losses: June 30, 2020 $ 4,274 $ 1,910 $ 3,526 $ 534 $ 666 $ 149 $ 89 $ 11,148 Charge-offs (35 ) - (34 ) (6 ) - - - (75 ) Recoveries - 1 11 1 - - - 13 Provisions (credits) 158 (374 ) (33 ) 11 152 40 131 85 September 30, 2020 $ 4,397 $ 1,537 $ 3,470 $ 540 $ 818 $ 189 $ 220 $ 11,171 Three months ended September 30, 2019 Allowance for loan and lease losses: June 30, 2019 $ 1,978 $ 936 $ 4,208 $ 664 $ 467 $ 105 $ 100 $ 8,458 Charge-offs - (105 ) (74 ) (103 ) - - - (282 ) Recoveries - 9 117 3 - - - 129 Provisions (credits) 111 125 104 (196 ) (19 ) 10 (35 ) 100 September 30, 2019 $ 2,089 $ 965 $ 4,355 $ 368 $ 448 $ 115 $ 65 $ 8,405 (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total Nine months ended September 30, 2020 Allowance for loan and lease losses: December 31, 2019 $ 3,789 $ 1,038 $ 4,340 $ 341 $ 477 $ 130 $ - $ 10,115 Charge-offs (400 ) (13 ) (352 ) (45 ) - - - (810 ) Recoveries - 1 62 4 - - - 67 Provisions (credits) 1,008 511 (580 ) 240 341 59 220 1,799 September 30, 2020 $ 4,397 $ 1,537 $ 3,470 $ 540 $ 818 $ 189 $ 220 $ 11,171 Nine months ended September 30, 2019 Allowance for loan and lease losses: December 31, 2018 $ 1,866 $ 1,059 $ 3,558 $ 641 $ 350 $ 108 $ 27 $ 7,609 Charge-offs - (117 ) (2,366 ) (106 ) - - - (2,589 ) Recoveries 2 9 164 8 - - - 183 Provisions (credits) 221 14 2,999 (175 ) 98 7 38 3,202 September 30, 2019 $ 2,089 $ 965 $ 4,355 $ 368 $ 448 $ 115 $ 65 $ 8,405 The following tables summarize, by loan portfolio segment, the amount of loans receivable evaluated individually and collectively for impairment as of September 30, 2020 December 31, 2019: (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total September 30, 2020 Allowance for loan and lease losses: Individually evaluated for impairment $ 1,552 $ 5 $ - $ 11 $ - $ - $ - $ 1,568 Collectively evaluated for impairment 2,845 1,532 3,470 529 818 189 220 9,603 Total allowance for loan and lease losses $ 4,397 $ 1,537 $ 3,470 $ 540 $ 818 $ 189 $ 220 $ 11,171 Loans receivable, gross: Individually evaluated for impairment $ 15,521 $ 3,674 $ 1,706 $ 1,264 $ - $ - $ - $ 22,165 Collectively evaluated for impairment 276,546 159,302 145,542 71,863 61,534 14,346 - 729,133 Total loans receivable, gross $ 292,067 $ 162,976 $ 147,248 $ 73,127 $ 61,534 $ 14,346 $ - $ 751,298 (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total December 31, 2019 Allowance for loan and lease losses: Individually evaluated for impairment $ 1,496 $ - $ - $ - $ - $ - $ - $ 1,496 Collectively evaluated for impairment 2,293 1,038 4,340 341 477 130 - 8,619 Total allowance for loan losses $ 3,789 $ 1,038 $ 4,340 $ 341 $ 477 $ 130 $ - $ 10,115 Loans receivable, gross: Individually evaluated for impairment $ 13,034 $ 3,621 $ 2,057 $ 916 $ - $ - $ - $ 19,628 PCI loans individually evaluated for impairment - - 176 - - - - 176 Collectively evaluated for impairment 301,380 171,868 171,642 85,018 48,388 14,064 - 792,360 Total loans receivable, gross $ 314,414 $ 175,489 $ 173,875 $ 85,934 $ 48,388 $ 14,064 $ - $ 812,164 Patriot monitors the credit quality of its loans receivable on an ongoing basis. Credit quality is monitored by reviewing certain indicators, including cash flow from business operations, 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 an independent third When assigning a risk rating to a loan, management utilizes the Bank's internal eleven not one ● Substandard: An asset is classified “substandard” if it is not not ● Doubtful: Assets classified as “doubtful” have all of the weaknesses inherent in those classified as “substandard”, 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 of loans to reduce the loan to its recoverable value that are solely collateral dependent, generally occur immediately upon confirmation of the partial loss amount. Loans that are cash flow dependent are modeled to reflect the expected cash flows through expected loan maturity, including any proceeds from refinancing or principal curtailment. A specific reserve is established for the amount by which the net investment in the loan exceeds the present value of discounted cash flows. Charge-offs on cash flow dependent loans also generally occur immediately upon confirmation of the partial loss amount. If either type of loan is classified as “Loss”, meaning full loss on the loan is expected, 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 180 120 Due to the economic disruption and uncertainty caused by the pandemic, the allowance for loan losses may may may Loan Portfolio Aging Analysis The following tables summarize performing and non-performing (i.e., non-accruing) loans receivable by portfolio segment, by aging category, by delinquency status as of September 30, 2020. (In thousands) Performing (Accruing) Loans As of September 30, 2020: 30 - 59 60 - 89 90 Days Total Current Total Non- Loans Loan portfolio segment: Commercial Real Estate: Pass $ 903 $ - $ - $ 903 $ 264,594 $ 265,497 $ - $ 265,497 Substandard 1,430 - - 1,430 10,693 12,123 14,447 26,570 2,333 - - 2,333 275,287 277,620 14,447 292,067 Residential Real Estate: Pass 2,283 - 679 2,962 156,472 159,434 - 159,434 Substandard - - - - 250 250 3,292 3,542 2,283 - 679 2,962 156,722 159,684 3,292 162,976 Commercial and Industrial: Pass - 200 - 200 112,236 112,436 - 112,436 Special mention - - - - 7,437 7,437 - 7,437 Substandard 702 - - 702 24,967 25,669 1,706 27,375 702 200 - 902 144,640 145,542 1,706 147,248 Consumer and Other: Pass 30 1 - 31 71,980 72,011 - 72,011 Substandard 97 - - 97 24 121 995 1,116 127 1 - 128 72,004 72,132 995 73,127 Construction: Pass - - - - 61,534 61,534 - 61,534 - - - - 61,534 61,534 - 61,534 Construction to Permanent - CRE: Pass - - - - 14,346 14,346 - 14,346 - - - - 14,346 14,346 - 14,346 Total $ 5,445 $ 201 $ 679 $ 6,325 $ 724,533 $ 730,858 $ 20,440 $ 751,298 Loans receivable, gross: Pass $ 3,216 $ 201 $ 679 $ 4,096 $ 681,162 $ 685,258 $ - $ 685,258 Special mention - - - - 7,437 7,437 - 7,437 Substandard 2,229 - - 2,229 35,934 38,163 20,440 58,603 Loans receivable, gross $ 5,445 $ 201 $ 679 $ 6,325 $ 724,533 $ 730,858 $ 20,440 $ 751,298 The following tables summarize performing and non-performing loans (i.e., non-accruing) receivable by portfolio segment, by aging category, by delinquency status as of December 31, 2019. (In thousands) Performing (Accruing) Loans As of December 31, 2019: 30 - 59 60 - 89 90 Days Total Current Total Non- accruing Loans Loan portfolio segment: Commercial Real Estate: Pass $ - $ - $ - $ - $ 295,982 $ 295,982 $ - $ 295,982 Special mention - - - - 385 385 - 385 Substandard - - - - 6,086 6,086 11,961 18,047 - - - - 302,453 302,453 11,961 314,414 Residential Real Estate: Pass 658 - - 658 169,903 170,561 - 170,561 Substandard - - - - 1,700 1,700 3,228 4,928 658 - - 658 171,603 172,261 3,228 175,489 Commercial and Industrial: Pass 327 350 - 677 162,711 163,388 - 163,388 Special mention 279 - - 279 172 451 - 451 Substandard - - - - 7,942 7,942 2,094 10,036 606 350 - 956 170,825 171,781 2,094 173,875 Consumer and Other: Pass 2,805 3 19 2,827 82,341 85,168 - 85,168 Substandard - - - - - - 766 766 2,805 3 19 2,827 82,341 85,168 766 85,934 Construction: Pass - - - - 48,388 48,388 - 48,388 - - - - 48,388 48,388 - 48,388 Construction to Permanent - CRE: Pass - - - - 14,064 14,064 - 14,064 - - - - 14,064 14,064 - 14,064 Total $ 4,069 $ 353 $ 19 $ 4,441 $ 789,674 $ 794,115 $ 18,049 $ 812,164 Loans receivable, gross: Pass $ 3,790 $ 353 $ 19 $ 4,162 $ 773,389 $ 777,551 $ - $ 777,551 Special mention 279 - - 279 557 836 - 836 Substandard - - - - 15,728 15,728 18,049 33,777 Loans receivable, gross $ 4,069 $ 353 $ 19 $ 4,441 $ 789,674 $ 794,115 $ 18,049 $ 812,164 The following tables summarize non-performing (i.e., non-accruing) loans by aging category and status, within the applicable loan portfolio segment as of September 30, 2020 December 31, 2019: (In thousands) Non-accruing Loans 30 - 59 60 - 89 90 Days or Total Current Total As of September 30, 2020: Loan portfolio segment: Commercial Real Estate: Substandard $ - $ - $ 5,636 $ 5,636 $ 8,811 $ 14,447 Residential Real Estate: Substandard - - 1,585 1,585 1,707 3,292 Commercial and Industrial: Substandard - - 1,706 1,706 - 1,706 Consumer and Other: Substandard - - 104 104 891 995 Total non-accruing loans $ - $ - $ 9,031 $ 9,031 $ 11,409 $ 20,440 As of December 31, 2019: Loan portfolio segment: Commercial Real Estate: Substandard $ - $ - $ 1,636 $ 1,636 $ 10,325 $ 11,961 Residential Real Estate: Substandard - - 1,872 1,872 1,356 3,228 Commercial and Industrial: Substandard - - 1,724 1,724 370 2,094 Consumer and Other: Substandard - - 149 149 617 766 Total non-accruing loans $ - $ - $ 5,381 $ 5,381 $ 12,668 $ 18,049 If non-accrual loans had been performing in accordance with the original contractual terms, additional interest income (net of cash collected) of approximately $216,000 $691,000 three nine September 30, 2020, three nine September 30, 2019, $134,000 $271,000 Interest income collected and recognized on non-accruing loans for the three nine September 30, 2020 $21,000 $106,000, three nine September 30, 2019, $129,000 $474,000, The accrual of interest on loans is discontinued at the time the loan is 90 no 180 All interest accrued, but not nine 90 not Troubled Debt Restructurings (“TDR”) On a case-by-case basis, Patriot may may 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 The following table summarizes the recorded investment in TDRs as of September 30, 2020 December 31, 2019: (In thousands) September 30, 2020 December 31, 2019 Loan portfolio segment: Number of Recorded Number of Recorded Commercial Real Estate 2 $ 9,884 2 $ 9,873 Residential Real Estate 3 437 2 393 Consumer and Other 4 787 2 687 Total TDR Loans 9 11,108 6 10,953 Less: TDRs included in non-accrual loans 3 (9,384 ) 2 (9,337 ) Total accrual TDR Loans 6 $ 1,724 4 $ 1,616 During the three September 30, 2020 2019, no nine September 30, 2020 2019: Outstanding Recorded Investment (In thousands) Number of Loans Pre-Modification Post-Modification Nine Months Ended September 30, 2020 2019 2020 2019 2020 2019 Loan portfolio segment: Commercial Real Estate 1 2 $ 57 $ 8,912 $ 56 $ 8,911 Consumer and Other 2 - 121 - 121 - Total TDR Loans 3 2 $ 178 $ 8,912 $ 177 $ 8,911 The following table provides information on how loans were modified as TDRs during the three nine September 30, 2020 2019: Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2020 2019 2020 2019 Rate reduction $ - $ - $ 56 $ 111 Extension of interest only period - - 121 - Maturity and rate reduction - - - 8,800 Total $ - $ - $ 177 $ 8,911 The loans modified in a TDR often involve reducing the interest rate for the remaining term of the loan, extending the maturity date at an interest rate lower than the current market rate for new debt with similar risk, extending the interest-only payment period, or substituting or adding a co-borrower or guarantor. There were no three nine September 30, 2020. September 30, 2020 December 31, 2019, no The balances reflected here as TDR's are also included in the non-accruing loan balance included in the prior table - Loan Portfolio Aging Analysis. Pursuant to the CARES Act, loan modifications made between March 1, 2020 December 30, 2020 60 19 not not 30 December 31, 2019. April 7, 2020, 19 $244.4 180 $157.7 September 30, 2020.According not September 30, 2020. Impaired Loans Impaired loans may September 30, 2020 December 31, 2019, $22.2 $19.6 $1.6 $1.5 not no At September 30, 2020 December 31, 2019, 30 27 first 12% 8% may may PCI loans acquired from Prime Bank acquisition were originally recorded at fair value by the Bank on the date of acquisition. As of September 30, 2020 December 31, 2019, $0 $179,000, no The following table reflects information about the impaired loans, excluding PCI loans, by class as of September 30, 2020 December 31, 2019: (In thousands) September 30, 2020 December 31, 2019 Recorded Principal Related Recorded Principal Related With no related allowance recorded: Commercial Real Estate $ 6,710 $ 7,116 $ - $ 4,234 $ 4,309 $ - Residential Real Estate 3,565 3,634 - 3,621 3,623 - Commercial and Industrial 1,706 1,840 - 2,057 2,060 - Consumer and Other 1,115 1,265 - 916 1,000 - 13,096 13,855 - 10,828 10,992 - With a related allowance recorded: Commercial Real Estate $ 8,811 $ 8,811 $ 1,552 8,800 8,800 1,496 Residential Real Estate 109 109 5 - - - Consumer and Other 149 149 11 - - - 9,069 9,069 1,568 8,800 8,800 1,496 Impaired Loans, Total: Commercial Real Estate 15,521 15,927 1,552 13,034 13,109 1,496 Residential Real Estate 3,674 3,743 5 3,621 3,623 - Commercial and Industrial 1,706 1,840 - 2,057 2,060 - Consumer and Other 1,264 1,414 11 916 1,000 - Impaired Loans, Total $ 22,165 $ 22,924 $ 1,568 $ 19,628 $ 19,792 $ 1,496 The following tables summarize additional information regarding impaired loans, excluding PCI loans, by class for the three nine September 30, 2020 2019. Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2020 2019 2020 2019 Average Interest Average Interest Average Interest Average Interest With no related allowance recorded: Commercial Real Estate $ 6,975 $ 13 $ 13,579 $ 164 $ 5,702 $ 39 $ 9,654 $ 324 Residential Real Estate 3,641 12 3,696 37 3,603 45 2,202 28 Commercial and Industrial 1,716 2 2,656 39 1,936 4 1,684 99 Consumer and Other 1,321 10 978 12 1,101 26 897 108 Construction - - - - - - 5,280 150 13,653 37 20,909 252 12,342 114 19,717 709 With a related allowance recorded: Commercial Real Estate 8,975 - - - 8,876 35 275 - Residential Real Estate 55 1 - - 33 4 1,237 - Commercial and Industrial - - - - - - 2,228 - Consumer and Other 74 1 - - 50 4 23 - 9,104 2 - - 8,959 43 3,763 - Impaired Loans, Total: Commercial Real Estate 15,950 13 13,579 164 14,578 74 9,929 324 Residential Real Estate 3,696 13 3,696 37 3,636 49 3,439 28 Commercial and Industrial 1,716 2 2,656 39 1,936 4 3,912 99 Consumer and Other 1,395 11 978 12 1,151 30 920 108 Construction - - - - - - 5,280 150 Impaired Loans, Total $ 22,757 $ 39 $ 20,909 $ 252 $ 21,301 $ 157 $ 23,480 $ 709 |
Note 5 - Loans Held for Sale
Note 5 - Loans Held for Sale | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Loans Held for Sale [Text Block] | Note 5. Loans Held for Sale As of September 30, 2020, one $5.0 $1.8 one October 22, 2020. SBA loans held for sale represent the guaranteed portion of SBA loans originated and are reflected at the lower of aggregate cost or market value. As of September 30, 2020, $851,000 $950,000 $15.3 December 31, 2019, $10.2 $5.1 nine September 30, 2020, $9.5 The Company generally sells the guaranteed portion of its SBA loans to a third Servicing assets represent the estimated fair value of retained servicing rights, net of servicing costs, at the time loans are sold. Servicing assets are amortized in proportion to, and over the period of, estimated net servicing revenues. Impairment will be evaluated based on stratifying the underlying financial assets by date of origination and term. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Any impairment, if temporary, would be reported as a valuation allowance. Serviced loans sold to others are not third $18.6 $13.6 September 30, 2020 December 31, 2019, $301,000 $362,000 September 30, 2020. The following table presents an analysis of the activity in the SBA servicing assets for the three nine September 30, 2020 2019: (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Beginning balance $ 221 156 $ 201 37 Servicing rights capitalized 86 44 115 169 Servicing rights amortized (6 ) (4 ) (15 ) (10 ) Ending balance 301 196 301 196 |
Note 6 - Goodwill and Other Int
Note 6 - Goodwill and Other Intangible Assets | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Goodwill and Intangible Assets Disclosure [Text Block] | Note 6. Goodwill and Other Intangible Assets On May 10, 2018 The assets acquired and liabilities assumed from Prime Bank were recorded at their fair value as of the closing date of the acquisition. Goodwill of $2.1 $1.7 December 31, 2018, $1.1 $621,000 May 10, 2019. no three nine September 30, 2020. 15 Information on goodwill for the three nine September 30, 2020 2019 (In thousands) Three Month Ended September 30, Nine Month Ended September 30, 2020 2019 2020 2019 Balance, beginning of period $ 1,107 $ 1,107 $ 1,107 $ 1,728 Mesurement period adjustments - - - (621 ) Balance, end of period $ 1,107 $ 1,107 $ 1,107 $ 1,107 Goodwill is evaluated for impairment annually, in the fourth not The Company identified the COVID- 19 first 2020. not not not third 2020 no October 31, 2020, |
Note 7 - Deposits
Note 7 - Deposits | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | Note 7. Deposits The following table presents the balance of deposits held, by category as of September 30, 2020 December 31, 2019. (In thousands) September 30, 2020 December 31, 2019 Non-interest bearing $ 161,871 $ 88,135 Interest bearing: NOW 29,518 26,864 Savings 91,169 64,020 Money market 142,909 99,115 Certificates of deposit, less than $250,000 160,610 193,942 Certificates of deposit, $250,000 or greater 50,359 67,550 Brokered deposits 90,995 229,909 Interest bearing, Total 565,560 681,400 Total Deposits $ 727,431 $ 769,535 On July 22, 2020, $50.0 $60.0 September 30, 2020, As of September 30, 2020, (In thousands) CDs CDs Brokered Total 1 year or less $ 139,850 $ 41,249 $ 85,398 $ 266,497 More than 1 year through 2 years 17,847 8,163 4,848 30,858 More than 2 years through 3 years 1,256 694 499 2,449 More than 3 years through 4 years 913 - 250 1,163 More than 4 years through 5 years 744 253 - 997 $ 160,610 $ 50,359 $ 90,995 $ 301,964 |
Note 8 - Derivatives
Note 8 - Derivatives | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | Note 8. Derivatives Patriot is a party to four not third not Patriot entered two November 2018, two May 2019. September 30, 2020 December 31, 2019, $1.4 $1.1 The following table presents summary information regarding these derivatives for the periods presented (dollars in thousands): (In thousands) Notional Maturity Fixed Rate Variable Fair Value September 30, 2020: Classified in Other Assets: Customer interest rate swap $ 4,911 8.6 5.25 % 1 Mo. LIBOR + 1.96% $ 1,087 Customer interest rate swap 1,439 8.8 4.38 % 1 Mo. LIBOR + 2.00% 216 Classified in Other Liabilities: 3rd party interest rate swap $ 4,911 8.6 5.25 % 1 Mo. LIBOR + 1.96% $ (1,087 ) 3rd party interest rate swap 1,439 8.8 4.38 % 1 Mo. LIBOR + 2.00% (216 ) December 31, 2019: Classified in Other Assets: Customer interest rate swap $ 4,944 9.3 5.25 % 1 Mo. LIBOR + 1.96% $ 617 Customer interest rate swap 1,444 9.5 4.38 % 1 Mo. LIBOR + 2.00% 77 Classified in Other Liabilities: 3rd party interest rate swap $ 4,944 9.3 5.25 % 1 Mo. LIBOR + 1.96% $ (617 ) 3rd party interest rate swap 1,444 9.5 4.38 % 1 Mo. LIBOR + 2.00% (77 ) |
Note 9 - Share-based Compensati
Note 9 - Share-based Compensation and Employee Benefit Plan | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | Note 9. The Company maintains the Patriot National Bancorp, Inc. 2012 2013, September 30, 2020 December 31, 2019, no The Plan provides for the issuance of up to 3,000,000 September 30, 2020, 2,850,139 may three four five The following is a summary of the status of the Company's restricted shares and changes for the three nine September 30, 2020 2019: Three months ended September 30, 2020: Number of Weighted Average Unvested at June 30, 2020 26,597 $ 8.89 Vested (1,200 ) $ 17.41 Unvested at September 30, 2020 25,397 $ 8.49 Nine months ended September 30, 2020: Unvested at December 31, 2019 21,470 $ 12.91 Granted 12,484 $ 6.12 Vested (6,372 ) $ 16.20 Forfeited (2,185 ) $ 15.92 Unvested at September 30, 2020 25,397 $ 8.49 Three months ended September 30, 2019: Number of Weighted Average Unvested at June 30, 2019 29,529 $ 13.94 Vested (2,392 ) $ 17.11 Unvested at September 30, 2019 27,137 $ 13.66 Nine months ended September 30, 2019: Unvested at December 31, 2018 31,790 $ 14.06 Granted 9,675 $ 15.52 Vested (14,328 ) $ 15.79 Unvested at September 30, 2019 27,137 $ 13.66 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 nine September 30, 2020, $42,000 $123,000, $21,000 $64,000, $21,000 $59,000 $87,000 $342,000 For the three nine September 30, 2019, $59,000 $162,000, $31,000 $87,000, $28,000 $75,000 $153,000 $423,000 Unrecognized compensation expense attributable to the unvested restricted shares outstanding as of September 30, 2020 $226,000, 1.99 Dividends The Company has not 2020 For the three nine September 30, 2019, $.01 $39,000 $116,000, Retirement Plan The Company offers a 401K “401K” may 401K, 50% six three nine September 30, 2020, 401K $48,000 $199,000, three nine September 30, 2019 401K $53,000 $195,000, |
Note 10 - Earnings (Loss) Per S
Note 10 - Earnings (Loss) Per Share | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 10. Earnings (loss) per share The Company is required to present basic earnings (loss) per share and diluted earnings (loss) per share in its Consolidated Statements of Operations. Basic earnings (loss) per share amounts are computed by dividing net (loss) income by the weighted average number of common shares outstanding. Diluted earnings (loss) 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 following table summarizes the computation of basic and diluted earnings (loss) per share for the three nine September 30, 2020 2019: (Net income (loss) in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Basis (loss) earnings per share: Net (loss) income attributable to Common shareholders $ (87 ) $ 27 $ (2,437 ) $ (1,305 ) Divided by: Weighted average shares outstanding 3,935,898 3,922,783 3,934,138 3,920,678 Basic (loss) earnings per common share $ (0.02 ) $ 0.01 $ (0.62 ) $ (0.33 ) Diluted (loss) earnings per share: Net (loss) income attributable to Common shareholders $ (87 ) $ 27 $ (2,437 ) $ (1,305 ) Weighted average shares outstanding 3,935,898 3,922,783 3,934,138 3,920,678 Effect of potentially dilutive restricted common shares - (1) - (2) - (3) - (4) Divided by: Weighted average diluted shares outstanding 3,935,898 3,922,783 3,934,138 3,920,678 Diluted (loss) earnings per common share $ (0.02 ) $ 0.01 $ (0.62 ) $ (0.33 ) ( 1 The weighted average diluted shares outstanding does not 13,093 three September 30, 2020. ( 2 The weighted average diluted shares outstanding does not 417 three September 30, 2019. ( 3 The weighted average diluted shares outstanding does not 1,630 nine September 30, 2020. ( 4 The weighted average diluted shares outstanding does not 151 nine September 30, 2019. |
Note 11 - Financial Instruments
Note 11 - Financial Instruments with Off-balance Sheet Risk | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Concentration Risk Disclosure [Text Block] | Note 11. 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 become 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 September 30, 2020 December 31, 2019 September 30, December 31, (In thousands) 2020 2019 Commitments to extend credit: Unused lines of credit $ 73,751 $ 71,101 Undisbursed construction loans 31,947 25,367 Home equity lines of credit 19,825 20,032 Future loan commitments 24,165 27,822 Financial standby letters of credit 669 743 $ 150,357 $ 145,065 Commitments to extend credit are agreements to lend to a customer as long as there is no may not may $8,000 $8,000 September 30, 2020 December 31, 2019, Standby letters of credit are written commitments issued by Patriot to guarantee the performance of a customer to a third not |
Note 12 - Regulatory and Operat
Note 12 - Regulatory and Operational Matters | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | Note 12. Regulatory and Operational Matters In November 2018, three one The Agreement states that the Board of the Bank would develop, implement and revise written documents and policies related to executive compensation, conflict of interest, internal audit, liquidity and asset/liability management, commercial loan administration, leveraged lending, practices relating to the allowance for loan and lease losses, and assumptions used in the Bank's interest rate risk model. Under the Agreement the Bank agreed to provide a revised written 3 9B: 10 December 31, 2018. 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 In September 2019, September 30, 2020 may 1 9%, $10 not September 30, 2020 Capital adequacy is one 10%, 1 8.0%, CET1 6.5%, 1 9.0%. 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 September 30, 2020 December 31, 2019 (In thousands) Patriot National Bancorp, Inc. Patriot Bank, N.A. September 30, 2020 December 31, 2019 September 30, 2020 December 31, 2019 Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total Capital (to risk weighted assets): Actual $ 87,925 10.924 $ 90,083 10.510 $ 98,800 12.332 $ 100,953 11.826 To be Well Capitalized (1) - - - - 80,115 10.000 85,362 10.000 For capital adequacy with Capital Buffer (2) - - - - 84,121 10.500 89,630 10.500 For capital adequacy 64,389 8.000 68,573 8.000 64,092 8.000 68,290 8.000 Tier 1 Capital (to risk weighted assets): Actual 67,850 8.430 69,957 8.161 88,772 11.081 90,827 10.640 To be Well Capitalized (1) - - - - 64,092 8.000 68,290 8.000 For capital adequacy with Capital Buffer (2) - - - - 68,098 8.500 72,558 8.500 For capital adequacy 48,292 6.000 51,430 6.000 48,069 6.000 51,217 6.000 Common Equity Tier 1 Capital (to risk weighted assets): Actual 59,850 7.436 61,957 7.228 88,772 11.081 90,827 10.640 To be Well Capitalized (1) - - - - 52,075 6.500 55,485 6.500 For capital adequacy with Capital Buffer (2) - - - - 56,080 7.000 59,753 7.000 For capital adequacy 36,219 4.500 38,572 4.500 36,052 4.500 38,413 4.500 Tier 1 Leverage Capital (to average assets): Actual 67,850 7.150 69,957 7.148 88,772 9.352 90,827 9.279 To be Well Capitalized (1) - - - - 47,459 5.000 48,944 5.000 For capital adequacy 37,960 4.000 39,148 4.000 37,967 4.000 39,155 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 2.5% 2020 2019 The capital buffer requirement effectively raises the minimum required Total Capital ratio to 10.5%, 1 8.5% CET1 7.0% January 1, 2019. September 30, 2020, |
Note 13 - Fair Value and Intere
Note 13 - Fair Value and Interest Rate Risk | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 13. 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 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-sale securities 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 $4.45 not may 60 September 30, 2020 December 31, 2019 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 The fair value of loans are estimated by discounting the future cash flows using the rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. We estimate the fair value of our loan portfolio using an exit price notion resulting in prior periods no Loans Held for Sale The fair value of loans held for sale is estimated by using a market approach that includes prices for loans sold awaiting settlement and other observable inputs. The Company has determined that the inputs used to value the loans held for sale fall within Level 2 SBA Servicing Asset Servicing assets do not 3 Other Real Estate Owned The fair value of OREO the Bank may 2 3 not may Derivative asset (liability) - Interest Rate Swaps The valuation of the Company's interest rate swaps is obtained from a third 2 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, Subordinated Notes, and Junior Subordinated Debt and Note Payable Patriot does not Patriot does not June 2018 Patriot does not The Company considers its own credit worthiness in determining the fair value of its Senior Notes, Subordinated Notes, Notes Payable and Junior Subordinated Debt. 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 Contingent Consideration Liability The Company estimates the fair value of the contingent consideration liability by using a discounted cash flow model of future contingent payments based on interest income related to the acquired PCI loans. The estimated fair value of the contingent consideration liability is reviewed on a quarterly basis and any valuation adjustments resulting from a change of estimated future contingent payments based on interest income of the acquired PCI loans affecting the contingent consideration liability will be recorded through noninterest expense. Due to the significant unobservable input related to the interest income, the contingent consideration liability is classified within Level 3 may may 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 table provides a comparison of the carrying amounts and estimated fair values of Patriot's financial assets and liabilities as of September 30, 2020 December 31, 2019: (In thousands) September 30, 2020 December 31, 2019 Fair Value Carrying Estimated Carrying Estimated Financial Assets: Cash and noninterest bearing balances due from banks Level 1 $ 3,231 $ 3,231 $ 2,693 $ 2,693 Interest-bearing deposits due from banks Level 1 46,405 46,405 36,711 36,711 Available-for-sale securities Level 2 47,823 47,823 48,317 48,317 Other investments Level 2 4,450 4,450 4,450 4,450 Federal Reserve Bank stock Level 2 2,783 2,783 2,897 2,897 Federal Home Loan Bank stock Level 2 4,503 4,503 4,477 4,477 Loans receivable, net Level 3 740,127 729,924 802,049 793,559 Loans held for sale Level 2 6,824 7,002 15,282 16,733 SBA servicing assets Level 3 301 362 201 280 Accrued interest receivable Level 2 6,834 6,834 3,603 3,603 Interest rate swap receivable Level 2 1,303 1,303 694 694 Financial assets, total $ 864,584 $ 854,620 $ 921,374 $ 914,414 Financial Liabilities: Demand deposits Level 2 $ 161,871 $ 161,871 $ 88,135 $ 88,135 Savings deposits Level 2 91,169 91,169 64,020 64,020 Money market deposits Level 2 142,909 142,909 99,115 99,115 NOW accounts Level 2 29,518 29,518 26,864 26,864 Time deposits Level 2 210,969 211,724 261,492 261,914 Brokered deposits Level 1 90,995 91,521 229,909 230,073 FHLB borrowings Level 2 90,000 97,786 100,000 103,962 Senior notes Level 2 11,909 12,033 11,853 11,722 Subordinated debt Level 2 9,774 10,145 9,752 9,747 Junior subordinated debt owed to unconsolidated trust Level 2 8,108 8,108 8,102 8,102 Note payable Level 3 1,044 1,059 1,193 1,129 Accrued interest payable Level 2 1,091 1,091 1,971 1,971 Contingent consideration liability Level 3 86 86 86 86 Interest rate swap liability Level 2 1,303 1,303 694 694 Financial liabilities, total $ 850,746 $ 860,323 $ 903,186 $ 907,534 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 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 September 30, 2020 December 31, 2019: (In thousands) Quoted Prices in Significant Significant Total September 30, 2020: U. S. Government agency mortgage-backed securities $ - $ 15,705 $ - $ 15,705 Corporate bonds - 17,250 - 17,250 Subordinated notes - 9,013 - 9,013 SBA loan pools - 5,301 - 5,301 Municipal bonds - 554 - 554 Available-for-sale securities $ - $ 47,823 $ - $ 47,823 Contingent consideration liability $ - $ - $ 86 $ 86 Interest rate swap receivable $ - $ 1,303 $ - $ 1,303 Interest rate swap liability $ - $ 1,303 $ - $ 1,303 December 31, 2019: U. S. Government agency mortgage-backed securities $ - $ 16,685 $ - $ 16,685 Corporate bonds - 17,313 - 17,313 Subordinated notes - 9,204 - 9,204 SBA loan pools - 5,115 - 5,115 Available-for-sale securities $ - $ 48,317 $ - $ 48,317 Impaired PCI Loans, net $ - $ - $ 176 $ 176 Contingent consideration liability $ - $ - $ 86 $ 86 Interest rate swap receivable $ - $ 694 $ - $ 694 Interest rate swap liability $ - $ 694 $ - $ 694 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 During the three nine September 30, 2020 2019, no 1, 2 3. The table below presents the valuation methodology and unobservable inputs for level 3 September 30, 2020 December 31, 2019: (In thousands) Fair Value Valuation Unobservable Inputs Range of Inputs September 30, 2020: Impaired loans, net $ 20,597 Real Estate Appraisals Discount for appraisal type 8% - 20% Other Real Estate Owned 1,954 Real Estate Appraisals Discount for appraisal type 12% SBA servicing assets 362 Discounted Cash Flows Market discount rates 14.73% - 14.90% December 31, 2019: Impaired loans, net $ 18,132 Real Estate Appraisals Discount for appraisal type 8% - 20% Other Real Estate Owned 2,400 Real Estate Appraisals Discount for appraisal type 12% SBA servicing assets 280 Discounted Cash Flows Market discount rates 14.73% - 14.90% Patriot discloses fair value information about financial instruments, whether or not not The estimated fair value amounts have been measured as of September 30, 2020 December 31, 2019, not may The information presented should not may not |
Note 14 - Subsequent Events
Note 14 - Subsequent Events | 9 Months Ended |
Sep. 30, 2020 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 14. Subsequent Events As noted in Note 4, $244.4 180 November 13, 2020, $59.1 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Adopted and Issued Accounting Standards Accounting Standards Adopted During 2020 Effective January 1, 2020, ASU 2018 13 In August 2018, No. 2018 13, Fair Value Measurement (Topic 820 1 2 3 2018 13 2018 13 3 3 December 15, 2019. 3 2018 13 not ASU 2018 15 In August 2018, No. 2018 15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350 40 2018 15 2015 05, April 2015. 2018 15 December 15, 2019, The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The accounting for the service element of a hosting arrangement that is a service contract is not The amendments in this ASU also require the entity (customer) to expense the capitalized implementation costs of a hosting arrangement that is a service contract over the term of the hosting arrangement. The term of the hosting arrangement includes the non-cancellable period of the arrangement plus periods covered by ( 1 2 not 3 not 350 40 The amendments in this ASU also require the entity to present the expense related to the capitalized implementation costs in the same line item in the statement of income as the fees associated with the hosting element (service) of the arrangement and classify payments for capitalized implementation costs in the statement of cash flows in the same manner as payments made for fees associated with the hosting element. The entity is also required to present the capitalized implementation costs in the consolidated balance sheets in the same line item that a repayment for the fees of the associated hosting arrangement would be presented. The adoption of ASU 2018 15 not Accounting Standards Issued But Not 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. November 2019, 2019 10, 326 December 31, 2022, ASU 2019 12 ASU 2019 12, “Income Taxes (Topic 740 740 2019 12 January 1, 2021, not ASU Update 2020 02 In January 2020, No. 2020 02, “Financial Instruments - Credit Losses (Topic 326 842 No. 119 No. 2016 02, 842 No. 119, 2016 13 ASU Update 2020 03 In March 2020, No. 2020 3, “Codification Improvements to Financial Instruments.” 2016. 2016 13 not 2016 13. not 2016 13. 2016 13 |
Note 3 - Available-for-sale S_2
Note 3 - Available-for-sale Securities (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Debt Securities, Available-for-sale [Table Text Block] | (In thousands) Amortized Gross Gross Fair September 30, 2020: U. S. Government agency mortgage-backed securities $ 15,578 $ 139 $ (12 ) $ 15,705 Corporate bonds 18,015 123 (888 ) 17,250 Subordinated notes 9,033 120 (140 ) 9,013 SBA loan pools 5,369 - (68 ) 5,301 Municipal bonds 564 - (10 ) 554 $ 48,559 $ 382 $ (1,118 ) $ 47,823 December 31, 2019: U. S. Government agency mortgage-backed securities $ 16,663 $ 90 $ (68 ) $ 16,685 Corporate bonds 18,018 133 (838 ) 17,313 Subordinated notes 9,022 182 - 9,204 U.S. Treasury notes 5,157 - (42 ) 5,115 $ 48,860 $ 405 $ (948 ) $ 48,317 |
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 September 30, 2020: U. S. Government agency mortgage-backed securities $ 3,510 $ (11 ) $ 1,537 $ (1 ) $ 5,047 $ (12 ) Corporate bonds - - 13,113 (888 ) 13,113 (888 ) Subordinated notes 5,393 (140 ) - - 5,393 (140 ) SBA loan pools 961 (12 ) 4,340 (56 ) 5,301 (68 ) Municipal bonds 398 (10 ) - - 398 (10 ) $ 10,262 $ (173 ) $ 18,990 $ (945 ) $ 29,252 $ (1,118 ) December 31, 2019: U. S. Government agency mortgage-backed securities $ 2,609 $ (20 ) $ 3,919 $ (48 ) $ 6,528 $ (68 ) Corporate bonds - - 13,162 (838 ) 13,162 (838 ) SBA loan pools 5,115 (42 ) - - 5,115 (42 ) $ 7,724 $ (62 ) $ 17,081 $ (886 ) $ 24,805 $ (948 ) |
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 September 30, 2020: Corporate bonds $ 4,015 $ 14,000 $ - $ 18,015 $ 4,139 $ 13,111 $ - $ 17,250 Subordinated notes - 9,033 - 9,033 - 9,013 - 9,013 SBA loan pools - 5,369 - 5,369 - 5,301 - 5,301 Municipal bonds - 564 - 564 - 554 - 554 Available-for-sale securities with stated maturity dates 4,015 28,966 - 32,981 4,139 27,979 - 32,118 U. S. Government agency mortgage-backed securities 3,423 1,622 10,533 15,578 3,437 1,649 10,619 15,705 $ 7,438 $ 30,588 $ 10,533 $ 48,559 $ 7,576 $ 29,628 $ 10,619 $ 47,823 December 31, 2019: Corporate bonds $ 4,018 $ 14,000 $ - $ 18,018 $ 4,151 $ 13,162 $ - $ 17,313 Subordinated notes - 9,022 - 9,022 - 9,204 - 9,204 SBA loan pools - 5,157 - 5,157 - 5,115 - 5,115 Available-for-sale securities with stated maturity dates 4,018 28,179 - 32,197 4,151 27,481 - 31,632 U. S. Government agency mortgage-backed securities 3,805 2,047 10,811 16,663 3,810 2,016 10,859 16,685 $ 7,823 $ 30,226 $ 10,811 $ 48,860 $ 7,961 $ 29,497 $ 10,859 $ 48,317 |
Note 4 - Loans Receivable and_2
Note 4 - Loans Receivable and Allowance for Loan and Lease Losses (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | September 30, December 31, (In thousands) 2020 2019 Loan portfolio segment: Commercial Real Estate $ 292,067 $ 314,414 Residential Real Estate 162,976 175,489 Commercial and Industrial 147,248 173,875 Consumer and Other 73,127 85,934 Construction 61,534 48,388 Construction to Permanent - CRE 14,346 14,064 Loans receivable, gross 751,298 812,164 Allowance for loan and lease losses (11,171 ) (10,115 ) Loans receivable, net $ 740,127 $ 802,049 |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield Movement Schedule [Table Text Block] | (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Accretable discount, beginning of period $ - $ (201 ) $ (47 ) $ (792 ) Accretion - 9 2 43 Other changes, net - 141 45 698 Accretable discount, end of period $ - $ (51 ) $ - $ (51 ) |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total Three months ended September 30, 2020 Allowance for loan and lease losses: June 30, 2020 $ 4,274 $ 1,910 $ 3,526 $ 534 $ 666 $ 149 $ 89 $ 11,148 Charge-offs (35 ) - (34 ) (6 ) - - - (75 ) Recoveries - 1 11 1 - - - 13 Provisions (credits) 158 (374 ) (33 ) 11 152 40 131 85 September 30, 2020 $ 4,397 $ 1,537 $ 3,470 $ 540 $ 818 $ 189 $ 220 $ 11,171 Three months ended September 30, 2019 Allowance for loan and lease losses: June 30, 2019 $ 1,978 $ 936 $ 4,208 $ 664 $ 467 $ 105 $ 100 $ 8,458 Charge-offs - (105 ) (74 ) (103 ) - - - (282 ) Recoveries - 9 117 3 - - - 129 Provisions (credits) 111 125 104 (196 ) (19 ) 10 (35 ) 100 September 30, 2019 $ 2,089 $ 965 $ 4,355 $ 368 $ 448 $ 115 $ 65 $ 8,405 (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total Nine months ended September 30, 2020 Allowance for loan and lease losses: December 31, 2019 $ 3,789 $ 1,038 $ 4,340 $ 341 $ 477 $ 130 $ - $ 10,115 Charge-offs (400 ) (13 ) (352 ) (45 ) - - - (810 ) Recoveries - 1 62 4 - - - 67 Provisions (credits) 1,008 511 (580 ) 240 341 59 220 1,799 September 30, 2020 $ 4,397 $ 1,537 $ 3,470 $ 540 $ 818 $ 189 $ 220 $ 11,171 Nine months ended September 30, 2019 Allowance for loan and lease losses: December 31, 2018 $ 1,866 $ 1,059 $ 3,558 $ 641 $ 350 $ 108 $ 27 $ 7,609 Charge-offs - (117 ) (2,366 ) (106 ) - - - (2,589 ) Recoveries 2 9 164 8 - - - 183 Provisions (credits) 221 14 2,999 (175 ) 98 7 38 3,202 September 30, 2019 $ 2,089 $ 965 $ 4,355 $ 368 $ 448 $ 115 $ 65 $ 8,405 (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total September 30, 2020 Allowance for loan and lease losses: Individually evaluated for impairment $ 1,552 $ 5 $ - $ 11 $ - $ - $ - $ 1,568 Collectively evaluated for impairment 2,845 1,532 3,470 529 818 189 220 9,603 Total allowance for loan and lease losses $ 4,397 $ 1,537 $ 3,470 $ 540 $ 818 $ 189 $ 220 $ 11,171 Loans receivable, gross: Individually evaluated for impairment $ 15,521 $ 3,674 $ 1,706 $ 1,264 $ - $ - $ - $ 22,165 Collectively evaluated for impairment 276,546 159,302 145,542 71,863 61,534 14,346 - 729,133 Total loans receivable, gross $ 292,067 $ 162,976 $ 147,248 $ 73,127 $ 61,534 $ 14,346 $ - $ 751,298 (In thousands) Commercial Residential Commercial Consumer Construction Construction Unallocated Total December 31, 2019 Allowance for loan and lease losses: Individually evaluated for impairment $ 1,496 $ - $ - $ - $ - $ - $ - $ 1,496 Collectively evaluated for impairment 2,293 1,038 4,340 341 477 130 - 8,619 Total allowance for loan losses $ 3,789 $ 1,038 $ 4,340 $ 341 $ 477 $ 130 $ - $ 10,115 Loans receivable, gross: Individually evaluated for impairment $ 13,034 $ 3,621 $ 2,057 $ 916 $ - $ - $ - $ 19,628 PCI loans individually evaluated for impairment - - 176 - - - - 176 Collectively evaluated for impairment 301,380 171,868 171,642 85,018 48,388 14,064 - 792,360 Total loans receivable, gross $ 314,414 $ 175,489 $ 173,875 $ 85,934 $ 48,388 $ 14,064 $ - $ 812,164 |
Financing Receivable, Past Due [Table Text Block] | (In thousands) Performing (Accruing) Loans As of September 30, 2020: 30 - 59 60 - 89 90 Days Total Current Total Non- Loans Loan portfolio segment: Commercial Real Estate: Pass $ 903 $ - $ - $ 903 $ 264,594 $ 265,497 $ - $ 265,497 Substandard 1,430 - - 1,430 10,693 12,123 14,447 26,570 2,333 - - 2,333 275,287 277,620 14,447 292,067 Residential Real Estate: Pass 2,283 - 679 2,962 156,472 159,434 - 159,434 Substandard - - - - 250 250 3,292 3,542 2,283 - 679 2,962 156,722 159,684 3,292 162,976 Commercial and Industrial: Pass - 200 - 200 112,236 112,436 - 112,436 Special mention - - - - 7,437 7,437 - 7,437 Substandard 702 - - 702 24,967 25,669 1,706 27,375 702 200 - 902 144,640 145,542 1,706 147,248 Consumer and Other: Pass 30 1 - 31 71,980 72,011 - 72,011 Substandard 97 - - 97 24 121 995 1,116 127 1 - 128 72,004 72,132 995 73,127 Construction: Pass - - - - 61,534 61,534 - 61,534 - - - - 61,534 61,534 - 61,534 Construction to Permanent - CRE: Pass - - - - 14,346 14,346 - 14,346 - - - - 14,346 14,346 - 14,346 Total $ 5,445 $ 201 $ 679 $ 6,325 $ 724,533 $ 730,858 $ 20,440 $ 751,298 Loans receivable, gross: Pass $ 3,216 $ 201 $ 679 $ 4,096 $ 681,162 $ 685,258 $ - $ 685,258 Special mention - - - - 7,437 7,437 - 7,437 Substandard 2,229 - - 2,229 35,934 38,163 20,440 58,603 Loans receivable, gross $ 5,445 $ 201 $ 679 $ 6,325 $ 724,533 $ 730,858 $ 20,440 $ 751,298 (In thousands) Performing (Accruing) Loans As of December 31, 2019: 30 - 59 60 - 89 90 Days Total Current Total Non- accruing Loans Loan portfolio segment: Commercial Real Estate: Pass $ - $ - $ - $ - $ 295,982 $ 295,982 $ - $ 295,982 Special mention - - - - 385 385 - 385 Substandard - - - - 6,086 6,086 11,961 18,047 - - - - 302,453 302,453 11,961 314,414 Residential Real Estate: Pass 658 - - 658 169,903 170,561 - 170,561 Substandard - - - - 1,700 1,700 3,228 4,928 658 - - 658 171,603 172,261 3,228 175,489 Commercial and Industrial: Pass 327 350 - 677 162,711 163,388 - 163,388 Special mention 279 - - 279 172 451 - 451 Substandard - - - - 7,942 7,942 2,094 10,036 606 350 - 956 170,825 171,781 2,094 173,875 Consumer and Other: Pass 2,805 3 19 2,827 82,341 85,168 - 85,168 Substandard - - - - - - 766 766 2,805 3 19 2,827 82,341 85,168 766 85,934 Construction: Pass - - - - 48,388 48,388 - 48,388 - - - - 48,388 48,388 - 48,388 Construction to Permanent - CRE: Pass - - - - 14,064 14,064 - 14,064 - - - - 14,064 14,064 - 14,064 Total $ 4,069 $ 353 $ 19 $ 4,441 $ 789,674 $ 794,115 $ 18,049 $ 812,164 Loans receivable, gross: Pass $ 3,790 $ 353 $ 19 $ 4,162 $ 773,389 $ 777,551 $ - $ 777,551 Special mention 279 - - 279 557 836 - 836 Substandard - - - - 15,728 15,728 18,049 33,777 Loans receivable, gross $ 4,069 $ 353 $ 19 $ 4,441 $ 789,674 $ 794,115 $ 18,049 $ 812,164 |
Financing Receivable, Nonaccrual [Table Text Block] | (In thousands) Non-accruing Loans 30 - 59 60 - 89 90 Days or Total Current Total As of September 30, 2020: Loan portfolio segment: Commercial Real Estate: Substandard $ - $ - $ 5,636 $ 5,636 $ 8,811 $ 14,447 Residential Real Estate: Substandard - - 1,585 1,585 1,707 3,292 Commercial and Industrial: Substandard - - 1,706 1,706 - 1,706 Consumer and Other: Substandard - - 104 104 891 995 Total non-accruing loans $ - $ - $ 9,031 $ 9,031 $ 11,409 $ 20,440 As of December 31, 2019: Loan portfolio segment: Commercial Real Estate: Substandard $ - $ - $ 1,636 $ 1,636 $ 10,325 $ 11,961 Residential Real Estate: Substandard - - 1,872 1,872 1,356 3,228 Commercial and Industrial: Substandard - - 1,724 1,724 370 2,094 Consumer and Other: Substandard - - 149 149 617 766 Total non-accruing loans $ - $ - $ 5,381 $ 5,381 $ 12,668 $ 18,049 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | (In thousands) September 30, 2020 December 31, 2019 Loan portfolio segment: Number of Recorded Number of Recorded Commercial Real Estate 2 $ 9,884 2 $ 9,873 Residential Real Estate 3 437 2 393 Consumer and Other 4 787 2 687 Total TDR Loans 9 11,108 6 10,953 Less: TDRs included in non-accrual loans 3 (9,384 ) 2 (9,337 ) Total accrual TDR Loans 6 $ 1,724 4 $ 1,616 Outstanding Recorded Investment (In thousands) Number of Loans Pre-Modification Post-Modification Nine Months Ended September 30, 2020 2019 2020 2019 2020 2019 Loan portfolio segment: Commercial Real Estate 1 2 $ 57 $ 8,912 $ 56 $ 8,911 Consumer and Other 2 - 121 - 121 - Total TDR Loans 3 2 $ 178 $ 8,912 $ 177 $ 8,911 Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2020 2019 2020 2019 Rate reduction $ - $ - $ 56 $ 111 Extension of interest only period - - 121 - Maturity and rate reduction - - - 8,800 Total $ - $ - $ 177 $ 8,911 |
Impaired Financing Receivables [Table Text Block] | (In thousands) September 30, 2020 December 31, 2019 Recorded Principal Related Recorded Principal Related With no related allowance recorded: Commercial Real Estate $ 6,710 $ 7,116 $ - $ 4,234 $ 4,309 $ - Residential Real Estate 3,565 3,634 - 3,621 3,623 - Commercial and Industrial 1,706 1,840 - 2,057 2,060 - Consumer and Other 1,115 1,265 - 916 1,000 - 13,096 13,855 - 10,828 10,992 - With a related allowance recorded: Commercial Real Estate $ 8,811 $ 8,811 $ 1,552 8,800 8,800 1,496 Residential Real Estate 109 109 5 - - - Consumer and Other 149 149 11 - - - 9,069 9,069 1,568 8,800 8,800 1,496 Impaired Loans, Total: Commercial Real Estate 15,521 15,927 1,552 13,034 13,109 1,496 Residential Real Estate 3,674 3,743 5 3,621 3,623 - Commercial and Industrial 1,706 1,840 - 2,057 2,060 - Consumer and Other 1,264 1,414 11 916 1,000 - Impaired Loans, Total $ 22,165 $ 22,924 $ 1,568 $ 19,628 $ 19,792 $ 1,496 Three Months Ended September 30, Nine Months Ended September 30, (In thousands) 2020 2019 2020 2019 Average Interest Average Interest Average Interest Average Interest With no related allowance recorded: Commercial Real Estate $ 6,975 $ 13 $ 13,579 $ 164 $ 5,702 $ 39 $ 9,654 $ 324 Residential Real Estate 3,641 12 3,696 37 3,603 45 2,202 28 Commercial and Industrial 1,716 2 2,656 39 1,936 4 1,684 99 Consumer and Other 1,321 10 978 12 1,101 26 897 108 Construction - - - - - - 5,280 150 13,653 37 20,909 252 12,342 114 19,717 709 With a related allowance recorded: Commercial Real Estate 8,975 - - - 8,876 35 275 - Residential Real Estate 55 1 - - 33 4 1,237 - Commercial and Industrial - - - - - - 2,228 - Consumer and Other 74 1 - - 50 4 23 - 9,104 2 - - 8,959 43 3,763 - Impaired Loans, Total: Commercial Real Estate 15,950 13 13,579 164 14,578 74 9,929 324 Residential Real Estate 3,696 13 3,696 37 3,636 49 3,439 28 Commercial and Industrial 1,716 2 2,656 39 1,936 4 3,912 99 Consumer and Other 1,395 11 978 12 1,151 30 920 108 Construction - - - - - - 5,280 150 Impaired Loans, Total $ 22,757 $ 39 $ 20,909 $ 252 $ 21,301 $ 157 $ 23,480 $ 709 |
Note 5 - Loans Held for Sale (T
Note 5 - Loans Held for Sale (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Servicing Asset at Amortized Cost [Table Text Block] | (In thousands) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Beginning balance $ 221 156 $ 201 37 Servicing rights capitalized 86 44 115 169 Servicing rights amortized (6 ) (4 ) (15 ) (10 ) Ending balance 301 196 301 196 |
Note 6 - Goodwill and Other I_2
Note 6 - Goodwill and Other Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | (In thousands) Three Month Ended September 30, Nine Month Ended September 30, 2020 2019 2020 2019 Balance, beginning of period $ 1,107 $ 1,107 $ 1,107 $ 1,728 Mesurement period adjustments - - - (621 ) Balance, end of period $ 1,107 $ 1,107 $ 1,107 $ 1,107 |
Note 7 - Deposits (Tables)
Note 7 - Deposits (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | (In thousands) September 30, 2020 December 31, 2019 Non-interest bearing $ 161,871 $ 88,135 Interest bearing: NOW 29,518 26,864 Savings 91,169 64,020 Money market 142,909 99,115 Certificates of deposit, less than $250,000 160,610 193,942 Certificates of deposit, $250,000 or greater 50,359 67,550 Brokered deposits 90,995 229,909 Interest bearing, Total 565,560 681,400 Total Deposits $ 727,431 $ 769,535 |
Contractual Obligation, Fiscal Year Maturity [Table Text Block] | (In thousands) CDs CDs Brokered Total 1 year or less $ 139,850 $ 41,249 $ 85,398 $ 266,497 More than 1 year through 2 years 17,847 8,163 4,848 30,858 More than 2 years through 3 years 1,256 694 499 2,449 More than 3 years through 4 years 913 - 250 1,163 More than 4 years through 5 years 744 253 - 997 $ 160,610 $ 50,359 $ 90,995 $ 301,964 |
Note 8 - Derivatives (Tables)
Note 8 - Derivatives (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | (In thousands) Notional Maturity Fixed Rate Variable Fair Value September 30, 2020: Classified in Other Assets: Customer interest rate swap $ 4,911 8.6 5.25 % 1 Mo. LIBOR + 1.96% $ 1,087 Customer interest rate swap 1,439 8.8 4.38 % 1 Mo. LIBOR + 2.00% 216 Classified in Other Liabilities: 3rd party interest rate swap $ 4,911 8.6 5.25 % 1 Mo. LIBOR + 1.96% $ (1,087 ) 3rd party interest rate swap 1,439 8.8 4.38 % 1 Mo. LIBOR + 2.00% (216 ) December 31, 2019: Classified in Other Assets: Customer interest rate swap $ 4,944 9.3 5.25 % 1 Mo. LIBOR + 1.96% $ 617 Customer interest rate swap 1,444 9.5 4.38 % 1 Mo. LIBOR + 2.00% 77 Classified in Other Liabilities: 3rd party interest rate swap $ 4,944 9.3 5.25 % 1 Mo. LIBOR + 1.96% $ (617 ) 3rd party interest rate swap 1,444 9.5 4.38 % 1 Mo. LIBOR + 2.00% (77 ) |
Note 9 - Share-based Compensa_2
Note 9 - Share-based Compensation and Employee Benefit Plan (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | Three months ended September 30, 2020: Number of Weighted Average Unvested at June 30, 2020 26,597 $ 8.89 Vested (1,200 ) $ 17.41 Unvested at September 30, 2020 25,397 $ 8.49 Nine months ended September 30, 2020: Unvested at December 31, 2019 21,470 $ 12.91 Granted 12,484 $ 6.12 Vested (6,372 ) $ 16.20 Forfeited (2,185 ) $ 15.92 Unvested at September 30, 2020 25,397 $ 8.49 Three months ended September 30, 2019: Number of Weighted Average Unvested at June 30, 2019 29,529 $ 13.94 Vested (2,392 ) $ 17.11 Unvested at September 30, 2019 27,137 $ 13.66 Nine months ended September 30, 2019: Unvested at December 31, 2018 31,790 $ 14.06 Granted 9,675 $ 15.52 Vested (14,328 ) $ 15.79 Unvested at September 30, 2019 27,137 $ 13.66 |
Note 10 - Earnings (Loss) Per_2
Note 10 - Earnings (Loss) Per Share (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | (Net income (loss) in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Basis (loss) earnings per share: Net (loss) income attributable to Common shareholders $ (87 ) $ 27 $ (2,437 ) $ (1,305 ) Divided by: Weighted average shares outstanding 3,935,898 3,922,783 3,934,138 3,920,678 Basic (loss) earnings per common share $ (0.02 ) $ 0.01 $ (0.62 ) $ (0.33 ) Diluted (loss) earnings per share: Net (loss) income attributable to Common shareholders $ (87 ) $ 27 $ (2,437 ) $ (1,305 ) Weighted average shares outstanding 3,935,898 3,922,783 3,934,138 3,920,678 Effect of potentially dilutive restricted common shares - (1) - (2) - (3) - (4) Divided by: Weighted average diluted shares outstanding 3,935,898 3,922,783 3,934,138 3,920,678 Diluted (loss) earnings per common share $ (0.02 ) $ 0.01 $ (0.62 ) $ (0.33 ) |
Note 11 - Financial Instrumen_2
Note 11 - Financial Instruments with Off-balance Sheet Risk (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Schedule of Commitment to Extended Credit [Table Text Block] | September 30, December 31, (In thousands) 2020 2019 Commitments to extend credit: Unused lines of credit $ 73,751 $ 71,101 Undisbursed construction loans 31,947 25,367 Home equity lines of credit 19,825 20,032 Future loan commitments 24,165 27,822 Financial standby letters of credit 669 743 $ 150,357 $ 145,065 |
Note 12 - Regulatory and Oper_2
Note 12 - Regulatory and Operational Matters (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
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. September 30, 2020 December 31, 2019 September 30, 2020 December 31, 2019 Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total Capital (to risk weighted assets): Actual $ 87,925 10.924 $ 90,083 10.510 $ 98,800 12.332 $ 100,953 11.826 To be Well Capitalized (1) - - - - 80,115 10.000 85,362 10.000 For capital adequacy with Capital Buffer (2) - - - - 84,121 10.500 89,630 10.500 For capital adequacy 64,389 8.000 68,573 8.000 64,092 8.000 68,290 8.000 Tier 1 Capital (to risk weighted assets): Actual 67,850 8.430 69,957 8.161 88,772 11.081 90,827 10.640 To be Well Capitalized (1) - - - - 64,092 8.000 68,290 8.000 For capital adequacy with Capital Buffer (2) - - - - 68,098 8.500 72,558 8.500 For capital adequacy 48,292 6.000 51,430 6.000 48,069 6.000 51,217 6.000 Common Equity Tier 1 Capital (to risk weighted assets): Actual 59,850 7.436 61,957 7.228 88,772 11.081 90,827 10.640 To be Well Capitalized (1) - - - - 52,075 6.500 55,485 6.500 For capital adequacy with Capital Buffer (2) - - - - 56,080 7.000 59,753 7.000 For capital adequacy 36,219 4.500 38,572 4.500 36,052 4.500 38,413 4.500 Tier 1 Leverage Capital (to average assets): Actual 67,850 7.150 69,957 7.148 88,772 9.352 90,827 9.279 To be Well Capitalized (1) - - - - 47,459 5.000 48,944 5.000 For capital adequacy 37,960 4.000 39,148 4.000 37,967 4.000 39,155 4.000 |
Note 13 - Fair Value and Inte_2
Note 13 - Fair Value and Interest Rate Risk (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (In thousands) September 30, 2020 December 31, 2019 Fair Value Carrying Estimated Carrying Estimated Financial Assets: Cash and noninterest bearing balances due from banks Level 1 $ 3,231 $ 3,231 $ 2,693 $ 2,693 Interest-bearing deposits due from banks Level 1 46,405 46,405 36,711 36,711 Available-for-sale securities Level 2 47,823 47,823 48,317 48,317 Other investments Level 2 4,450 4,450 4,450 4,450 Federal Reserve Bank stock Level 2 2,783 2,783 2,897 2,897 Federal Home Loan Bank stock Level 2 4,503 4,503 4,477 4,477 Loans receivable, net Level 3 740,127 729,924 802,049 793,559 Loans held for sale Level 2 6,824 7,002 15,282 16,733 SBA servicing assets Level 3 301 362 201 280 Accrued interest receivable Level 2 6,834 6,834 3,603 3,603 Interest rate swap receivable Level 2 1,303 1,303 694 694 Financial assets, total $ 864,584 $ 854,620 $ 921,374 $ 914,414 Financial Liabilities: Demand deposits Level 2 $ 161,871 $ 161,871 $ 88,135 $ 88,135 Savings deposits Level 2 91,169 91,169 64,020 64,020 Money market deposits Level 2 142,909 142,909 99,115 99,115 NOW accounts Level 2 29,518 29,518 26,864 26,864 Time deposits Level 2 210,969 211,724 261,492 261,914 Brokered deposits Level 1 90,995 91,521 229,909 230,073 FHLB borrowings Level 2 90,000 97,786 100,000 103,962 Senior notes Level 2 11,909 12,033 11,853 11,722 Subordinated debt Level 2 9,774 10,145 9,752 9,747 Junior subordinated debt owed to unconsolidated trust Level 2 8,108 8,108 8,102 8,102 Note payable Level 3 1,044 1,059 1,193 1,129 Accrued interest payable Level 2 1,091 1,091 1,971 1,971 Contingent consideration liability Level 3 86 86 86 86 Interest rate swap liability Level 2 1,303 1,303 694 694 Financial liabilities, total $ 850,746 $ 860,323 $ 903,186 $ 907,534 |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | (In thousands) Quoted Prices in Significant Significant Total September 30, 2020: U. S. Government agency mortgage-backed securities $ - $ 15,705 $ - $ 15,705 Corporate bonds - 17,250 - 17,250 Subordinated notes - 9,013 - 9,013 SBA loan pools - 5,301 - 5,301 Municipal bonds - 554 - 554 Available-for-sale securities $ - $ 47,823 $ - $ 47,823 Contingent consideration liability $ - $ - $ 86 $ 86 Interest rate swap receivable $ - $ 1,303 $ - $ 1,303 Interest rate swap liability $ - $ 1,303 $ - $ 1,303 December 31, 2019: U. S. Government agency mortgage-backed securities $ - $ 16,685 $ - $ 16,685 Corporate bonds - 17,313 - 17,313 Subordinated notes - 9,204 - 9,204 SBA loan pools - 5,115 - 5,115 Available-for-sale securities $ - $ 48,317 $ - $ 48,317 Impaired PCI Loans, net $ - $ - $ 176 $ 176 Contingent consideration liability $ - $ - $ 86 $ 86 Interest rate swap receivable $ - $ 694 $ - $ 694 Interest rate swap liability $ - $ 694 $ - $ 694 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | (In thousands) Fair Value Valuation Unobservable Inputs Range of Inputs September 30, 2020: Impaired loans, net $ 20,597 Real Estate Appraisals Discount for appraisal type 8% - 20% Other Real Estate Owned 1,954 Real Estate Appraisals Discount for appraisal type 12% SBA servicing assets 362 Discounted Cash Flows Market discount rates 14.73% - 14.90% December 31, 2019: Impaired loans, net $ 18,132 Real Estate Appraisals Discount for appraisal type 8% - 20% Other Real Estate Owned 2,400 Real Estate Appraisals Discount for appraisal type 12% SBA servicing assets 280 Discounted Cash Flows Market discount rates 14.73% - 14.90% |
Note 3 - Available-for-sale S_3
Note 3 - Available-for-sale Securities (Details Textual) | 9 Months Ended | ||
Sep. 30, 2020USD ($) | Sep. 30, 2019USD ($) | Dec. 31, 2019USD ($) | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 19 | 15 | |
Number of Available-for-sale Securities | 34 | 27 | |
Unrealized Holding Losses Depreciation Percentage from Amortized Cost | 3.70% | 3.70% | |
Other than Temporary Impairment Losses, Investments, Available-for-sale Securities, Total | $ 0 | ||
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | 0 | ||
Proceeds from Sale of Debt Securities, Available-for-sale | 0 | $ 0 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Payments to Acquire Debt Securities, Available-for-sale | 4,900,000 | ||
SBA Loan Pools [Member] | |||
Payments to Acquire Debt Securities, Available-for-sale | 988,000 | 5,500,000 | |
US States and Political Subdivisions Debt Securities [Member] | |||
Payments to Acquire Debt Securities, Available-for-sale | $ 565,000 | ||
Subordinated Notes [Member] | |||
Payments to Acquire Debt Securities, Available-for-sale | 3,500,000 | ||
Corporate Debt Securities [Member] | |||
Payments to Acquire Debt Securities, Available-for-sale | 4,000,000 | ||
Available-For-Sale Securities Pledged to Secure Municipal Deposits [Member] | |||
Debt Securities, Available-for-sale, Restricted | $ 3,700,000 | $ 4,800,000 |
Note 3 - Available-for-sale S_4
Note 3 - Available-for-sale Securities - Investment Securities (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Available-for-sale securities, amortized cost | $ 48,559 | $ 48,860 |
Available-for-sale securities, gross unrealized gains | 382 | 405 |
Available-for-sale securities, gross unrealized losses | (1,118) | (948) |
Available-for-sale securities | 47,823 | 48,317 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities, amortized cost | 15,578 | 16,663 |
Available-for-sale securities, gross unrealized gains | 139 | 90 |
Available-for-sale securities, gross unrealized losses | (12) | (68) |
Available-for-sale securities | 15,705 | 16,685 |
Corporate Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 18,015 | 18,018 |
Available-for-sale securities, gross unrealized gains | 123 | 133 |
Available-for-sale securities, gross unrealized losses | (888) | (838) |
Available-for-sale securities | 17,250 | 17,313 |
Subordinated Notes [Member] | ||
Available-for-sale securities, amortized cost | 9,033 | 9,022 |
Available-for-sale securities, gross unrealized gains | 120 | 182 |
Available-for-sale securities, gross unrealized losses | (140) | |
Available-for-sale securities | 9,013 | 9,204 |
SBA Loan Pools [Member] | ||
Available-for-sale securities, amortized cost | 5,369 | 5,157 |
Available-for-sale securities, gross unrealized gains | ||
Available-for-sale securities, gross unrealized losses | (68) | |
Available-for-sale securities | 5,301 | 5,115 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities, amortized cost | 564 | |
Available-for-sale securities, gross unrealized gains | ||
Available-for-sale securities, gross unrealized losses | (10) | |
Available-for-sale securities | $ 554 | |
US Treasury Securities [Member] | ||
Available-for-sale securities, amortized cost | 5,157 | |
Available-for-sale securities, gross unrealized gains | ||
Available-for-sale securities, gross unrealized losses | (42) | |
Available-for-sale securities | $ 5,115 |
Note 3 - Available-for-sale S_5
Note 3 - Available-for-sale Securities - Investment Securities in a Continuous Loss Position (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Available-for-sale securities in continuous loss position, less than 12 months, fair value | $ 10,262 | $ 7,724 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (173) | (62) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 18,990 | 17,081 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (945) | (886) |
Available-for-sale securities in continuous loss position, fair value | 29,252 | 24,805 |
Available-for-sale securities in continuous loss position, unrealized loss | (1,118) | (948) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 3,510 | 2,609 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (11) | (20) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 1,537 | 3,919 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (1) | (48) |
Available-for-sale securities in continuous loss position, fair value | 5,047 | 6,528 |
Available-for-sale securities in continuous loss position, unrealized loss | (12) | (68) |
Corporate Debt Securities [Member] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | ||
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | ||
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 13,113 | 13,162 |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (888) | (838) |
Available-for-sale securities in continuous loss position, fair value | 13,113 | 13,162 |
Available-for-sale securities in continuous loss position, unrealized loss | (888) | (838) |
Subordinated Notes [Member] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 5,393 | |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (140) | |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | ||
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | ||
Available-for-sale securities in continuous loss position, fair value | 5,393 | |
Available-for-sale securities in continuous loss position, unrealized loss | (140) | |
SBA Loan Pools [Member] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 961 | 5,115 |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (12) | (42) |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | 4,340 | |
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | (56) | |
Available-for-sale securities in continuous loss position, fair value | 5,301 | 5,115 |
Available-for-sale securities in continuous loss position, unrealized loss | (68) | $ (42) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available-for-sale securities in continuous loss position, less than 12 months, fair value | 398 | |
Available-for-sale securities in continuous loss position, less than 12 months, unrealized loss | (10) | |
Available-for-sale securities in continuous loss position, 12 months or more, fair value | ||
Available-for-sale securities in continuous loss position, 12 months or more, unrealized loss | ||
Available-for-sale securities in continuous loss position, fair value | 398 | |
Available-for-sale securities in continuous loss position, unrealized loss | $ (10) |
Note 3 - Available-for-sale S_6
Note 3 - Available-for-sale Securities - Investment Debt Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Amortized cost, due within 5 years | $ 7,438 | $ 7,823 |
Amortized cost, due after 5 years through 10 years | 30,588 | 30,226 |
Amortized cost, due after 10 years | 10,533 | 10,811 |
Available-for-sale securities, amortized cost | 48,559 | 48,860 |
Fair value, due within 5 years | 7,576 | 7,961 |
Fair value, due after 5 years through 10 years | 29,628 | 29,497 |
Fair value, due after 10 years | 10,619 | 10,859 |
Fair value, total | 47,823 | 48,317 |
Available-for-sale securities | 47,823 | 48,317 |
Corporate Debt Securities [Member] | ||
Amortized cost, due within 5 years | 4,015 | 4,018 |
Amortized cost, due after 5 years through 10 years | 14,000 | 14,000 |
Amortized cost, due after 10 years | ||
Available-for-sale securities, amortized cost | 18,015 | 18,018 |
Fair value, due within 5 years | 4,139 | 4,151 |
Fair value, due after 5 years through 10 years | 13,111 | 13,162 |
Fair value, due after 10 years | ||
Fair value, total | 17,250 | 17,313 |
Available-for-sale securities | 17,250 | 17,313 |
Subordinated Notes [Member] | ||
Amortized cost, due within 5 years | ||
Amortized cost, due after 5 years through 10 years | 9,033 | 9,022 |
Amortized cost, due after 10 years | ||
Available-for-sale securities, amortized cost | 9,033 | 9,022 |
Fair value, due within 5 years | ||
Fair value, due after 5 years through 10 years | 9,013 | 9,204 |
Fair value, due after 10 years | ||
Fair value, total | 9,013 | 9,204 |
Available-for-sale securities | 9,013 | 9,204 |
SBA Loan Pools [Member] | ||
Amortized cost, due within 5 years | ||
Amortized cost, due after 5 years through 10 years | 5,369 | 5,157 |
Amortized cost, due after 10 years | ||
Available-for-sale securities, amortized cost | 5,369 | 5,157 |
Fair value, due within 5 years | ||
Fair value, due after 5 years through 10 years | 5,301 | 5,115 |
Fair value, due after 10 years | ||
Fair value, total | 5,301 | 5,115 |
Available-for-sale securities | 5,301 | 5,115 |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized cost, due within 5 years | ||
Amortized cost, due after 5 years through 10 years | 564 | |
Amortized cost, due after 10 years | ||
Available-for-sale securities, amortized cost | 564 | |
Fair value, due within 5 years | ||
Fair value, due after 5 years through 10 years | 554 | |
Fair value, due after 10 years | ||
Fair value, total | 554 | |
Available-for-sale securities | 554 | |
Available-for-sale Securities with Single Maturity Dates [Member] | ||
Amortized cost, due within 5 years | 4,015 | 4,018 |
Amortized cost, due after 5 years through 10 years | 28,966 | 28,179 |
Amortized cost, due after 10 years | ||
Available-for-sale securities, amortized cost | 32,981 | 32,197 |
Fair value, due within 5 years | 4,139 | 4,151 |
Fair value, due after 5 years through 10 years | 27,979 | 27,481 |
Fair value, due after 10 years | ||
Fair value, total | 32,118 | 31,632 |
Available-for-sale securities | 32,118 | 31,632 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized cost, due within 5 years | 3,423 | 3,805 |
Amortized cost, due after 5 years through 10 years | 1,622 | 2,047 |
Amortized cost, due after 10 years | 10,533 | 10,811 |
Available-for-sale securities, amortized cost | 15,578 | 16,663 |
Fair value, due within 5 years | 3,437 | 3,810 |
Fair value, due after 5 years through 10 years | 1,649 | 2,016 |
Fair value, due after 10 years | 10,619 | 10,859 |
Fair value, total | 15,705 | 16,685 |
Available-for-sale securities | $ 15,705 | $ 16,685 |
Note 4 - Loans Receivable and_3
Note 4 - Loans Receivable and Allowance for Loan and Lease Losses (Details Textual) | 3 Months Ended | 6 Months Ended | 9 Months Ended | |||
Sep. 30, 2020USD ($) | Sep. 30, 2019USD ($) | Jun. 30, 2020 | Sep. 30, 2020USD ($) | Sep. 30, 2019USD ($) | Dec. 31, 2019USD ($) | |
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | $ 0 | $ 0 | $ 176,000 | |||
Deteriorated Loans Transferred in, Debt Securities, Accreditable Yield, Period Increase (Decrease), Total | 0 | $ 9,000 | 2,000 | $ 43,000 | ||
Payments to Acquire Loans Receivable | $ 31,525,000 | 28,213,000 | ||||
Maximum Period of Credit Extension of Construction Loans (Month) | 1 year 180 days | |||||
Loans Receivable, Term to Reset to FHLB Rate (Year) | 5 years | |||||
Period for Charged Off of Open-End Credits (Day) | 180 days | |||||
Period for Charged Off of Close-End Credits (Day) | 120 days | |||||
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 216,000 | $ 134,000 | $ 691,000 | $ 271,000 | ||
Maximum Period for Charged Off of Consumer Installment Loans (Day) | 180 days | |||||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 3 | 2 | ||
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | $ 0 | 0 | |||
Financing Receivable, Principal and Interest Deferred Payments | 244,400,000 | 244,400,000 | ||||
Financing Receivable, Loans Remained on Deferment | 157,700,000 | 157,700,000 | ||||
Impaired Financing Receivable, Recorded Investment, Total | 22,200,000 | 22,200,000 | 19,600,000 | |||
Impaired Financing Receivable, Related Allowance | $ 1,600,000 | $ 1,600,000 | $ 1,500,000 | |||
Number of Impaired Loans | 30 | 30 | 27 | |||
Impaired Financing Receivable, Non-Performing Loans, Discount to Appraisal Value, Percent | 12.00% | 12.00% | ||||
Impaired Financing Receivable, Non-Performing Loans, Discount of Appraisal Value, Selling Costs, Percent | 8.00% | 8.00% | ||||
SBA CARES Act Paycheck Protection Program [Member] | ||||||
Percentage of Principal Balance Guaranteed | 75.00% | 75.00% | ||||
Transfer of Loans Held-for-sale to Portfolio Loans | $ 9,542,000 | |||||
Syndicated and Leveraged Loans [Member] | ||||||
Loans and Leases Receivable, Net Amount, Total | $ 60,600,000 | 60,600,000 | $ 71,500,000 | |||
Non-Accrual Loans [Member] | ||||||
Impaired Financing Receivable, Interest Income, Cash Basis Method, Total | 21,000 | $ 129,000 | $ 106,000 | $ 474,000 | ||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Maximum Percentage of Credit Extension Based on Market Value of Collateral | 75.00% | |||||
Financing Receivable, Modifications, Number of Contracts | 1 | 2 | ||||
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 | 2,500,000 | 4,600,000 | $ 16,600,000 | $ 20,900,000 | ||
Consumer Portfolio Segment [Member] | ||||||
Financing Receivable, Modifications, Number of Contracts | 2 | |||||
Consumer Portfolio Segment [Member] | Education Loans [Member] | ||||||
Payments to Acquire Loans Receivable | 0 | $ 0 | $ 14,900,000 | $ 7,300,000 | ||
Construction to Permanent Portfolio Segment [Member] | Minimum [Member] | ||||||
Loans Receivable, Term (Year) | 20 years | |||||
Construction to Permanent Portfolio Segment [Member] | Maximum [Member] | ||||||
Loans Receivable, Term (Year) | 25 years | |||||
Commercial and Industrial Loans [Member] | ||||||
Loans and Leases Receivable, Net Amount, Total | 21,500,000 | $ 21,500,000 | 9,600,000 | |||
Commercial Portfolio Segment [Member] | ||||||
Loans and Leases Receivable, Reviewed Annually Threshold | 250,000 | 250,000 | ||||
Commercial and Industrial Portfolio Segment [Member] | ||||||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Carrying Amount, Net | 0 | 0 | $ 179,000 | |||
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Allowance for Loan Losses | $ 0 | $ 0 |
Note 4 - Loans Receivable and_4
Note 4 - Loans Receivable and Allowance for Loan and Lease Losses - Loan Portfolio (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Jun. 30, 2020 | Dec. 31, 2019 | Sep. 30, 2019 | Jun. 30, 2019 | Dec. 31, 2018 |
Allowance for loan and lease losses | $ (11,171) | $ (11,148) | $ (10,115) | $ (8,405) | $ (8,458) | $ (7,609) |
Loans receivable, net | 740,127 | 802,049 | ||||
Business Activities Loans [Member] | ||||||
Loans receivable, gross | 751,298 | 812,164 | ||||
Allowance for loan and lease losses | (11,171) | (10,115) | ||||
Loans receivable, net | 740,127 | |||||
Acquired Loans [Member] | ||||||
Loans receivable, gross | 812,164 | |||||
Allowance for loan and lease losses | (10,115) | |||||
Loans receivable, net | 802,049 | |||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Allowance for loan and lease losses | (4,397) | (4,274) | (3,789) | (2,089) | (1,978) | (1,866) |
Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||||||
Loans receivable, gross | 292,067 | 314,414 | ||||
Allowance for loan and lease losses | (4,397) | (3,789) | ||||
Commercial Real Estate Portfolio Segment [Member] | Acquired Loans [Member] | ||||||
Loans receivable, gross | 314,414 | |||||
Residential Portfolio Segment [Member] | ||||||
Allowance for loan and lease losses | (1,537) | (1,910) | (1,038) | (965) | (936) | (1,059) |
Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||||||
Loans receivable, gross | 162,976 | 175,489 | ||||
Allowance for loan and lease losses | (1,537) | (1,038) | ||||
Residential Portfolio Segment [Member] | Acquired Loans [Member] | ||||||
Loans receivable, gross | 175,489 | |||||
Commercial Portfolio Segment [Member] | ||||||
Allowance for loan and lease losses | (3,470) | (3,526) | (4,340) | (4,355) | (4,208) | (3,558) |
Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||||||
Loans receivable, gross | 147,248 | 173,875 | ||||
Allowance for loan and lease losses | (3,470) | (4,340) | ||||
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||||||
Loans receivable, gross | 173,875 | |||||
Consumer Portfolio Segment [Member] | ||||||
Allowance for loan and lease losses | (540) | (534) | (341) | (368) | (664) | (641) |
Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||||||
Loans receivable, gross | 73,127 | 85,934 | ||||
Allowance for loan and lease losses | (540) | (341) | ||||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||||||
Loans receivable, gross | 85,934 | |||||
Construction Portfolio Segment [Member] | ||||||
Allowance for loan and lease losses | (818) | (666) | (477) | (448) | (467) | (350) |
Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||||||
Loans receivable, gross | 61,534 | 48,388 | ||||
Allowance for loan and lease losses | (818) | (477) | ||||
Construction Portfolio Segment [Member] | Acquired Loans [Member] | ||||||
Loans receivable, gross | 48,388 | |||||
Construction to Permanent Portfolio Segment [Member] | ||||||
Allowance for loan and lease losses | (189) | $ (149) | (130) | $ (115) | $ (105) | $ (108) |
Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||||||
Loans receivable, gross | 14,346 | 14,064 | ||||
Allowance for loan and lease losses | $ (189) | (130) | ||||
Construction to Permanent Portfolio Segment [Member] | Acquired Loans [Member] | ||||||
Loans receivable, gross | $ 14,064 |
Note 4 - Loans Receivable and_5
Note 4 - Loans Receivable and Allowance for Loan and Lease Losses - Summary of Changes in Accretable Discount for PCI (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Accretable discount, beginning of period | $ (201) | $ (47) | $ (792) | |
Accretion | 9 | 2 | 43 | |
Other changes, net | 141 | 45 | 698 | |
Accretable discount, end of period | $ (51) | $ (51) |
Note 4 - Loans Receivable and_6
Note 4 - Loans Receivable and Allowance for Loan and Lease Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Dec. 31, 2019 | |
Balance | $ 11,148 | $ 8,458 | $ 10,115 | $ 7,609 | ||
Charge-offs | (75) | (282) | (810) | (2,589) | ||
Recoveries | 13 | 129 | 67 | 183 | ||
Provisions (credits) | 85 | 100 | 1,799 | 3,202 | ||
Balance | 11,171 | 8,405 | 11,171 | 8,405 | ||
Total allowance for loan and lease losses | 11,171 | 8,405 | 10,115 | 7,609 | $ 11,171 | $ 10,115 |
Business Activities Loans [Member] | ||||||
Balance | 10,115 | |||||
Balance | 11,171 | 11,171 | ||||
Allowance for loan losses: Individually evaluated for impairment | 1,568 | 1,496 | ||||
Allowance for loan losses: Collectively evaluated for impairment | 9,603 | 8,619 | ||||
Total allowance for loan and lease losses | 11,171 | 10,115 | 11,171 | 10,115 | ||
Loans receivable, gross: Individually evaluated for impairment | 22,165 | 19,628 | ||||
Loans receivable, gross: Collectively evaluated for impairment | 729,133 | 792,360 | ||||
Total loans receivable, gross | 751,298 | 812,164 | ||||
PCI loans individually evaluated for impairment | 176 | |||||
Commercial Real Estate Portfolio Segment [Member] | ||||||
Balance | 4,274 | 1,978 | 3,789 | 1,866 | ||
Charge-offs | (35) | 0 | (400) | 0 | ||
Recoveries | 2 | |||||
Provisions (credits) | 158 | 111 | 1,008 | 221 | ||
Balance | 4,397 | 2,089 | 4,397 | 2,089 | ||
Total allowance for loan and lease losses | 4,397 | 2,089 | 3,789 | 1,866 | 4,397 | 3,789 |
Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | ||||||
Balance | 3,789 | |||||
Balance | 4,397 | 4,397 | ||||
Allowance for loan losses: Individually evaluated for impairment | 1,552 | 1,496 | ||||
Allowance for loan losses: Collectively evaluated for impairment | 2,845 | 2,293 | ||||
Total allowance for loan and lease losses | 4,397 | 3,789 | 4,397 | 3,789 | ||
Loans receivable, gross: Individually evaluated for impairment | 15,521 | 13,034 | ||||
Loans receivable, gross: Collectively evaluated for impairment | 276,546 | 301,380 | ||||
Total loans receivable, gross | 292,067 | 314,414 | ||||
PCI loans individually evaluated for impairment | ||||||
Residential Portfolio Segment [Member] | ||||||
Balance | 1,910 | 936 | 1,038 | 1,059 | ||
Charge-offs | (105) | (13) | (117) | |||
Recoveries | 1 | 9 | 1 | 9 | ||
Provisions (credits) | (374) | 125 | 511 | 14 | ||
Balance | 1,537 | 965 | 1,537 | 965 | ||
Total allowance for loan and lease losses | 1,537 | 965 | 1,038 | 1,059 | 1,537 | 1,038 |
Residential Portfolio Segment [Member] | Business Activities Loans [Member] | ||||||
Balance | 1,038 | |||||
Balance | 1,537 | 1,537 | ||||
Allowance for loan losses: Individually evaluated for impairment | 5 | |||||
Allowance for loan losses: Collectively evaluated for impairment | 1,532 | 1,038 | ||||
Total allowance for loan and lease losses | 1,537 | 1,038 | 1,537 | 1,038 | ||
Loans receivable, gross: Individually evaluated for impairment | 3,674 | 3,621 | ||||
Loans receivable, gross: Collectively evaluated for impairment | 159,302 | 171,868 | ||||
Total loans receivable, gross | 162,976 | 175,489 | ||||
PCI loans individually evaluated for impairment | ||||||
Commercial Portfolio Segment [Member] | ||||||
Balance | 3,526 | 4,208 | 4,340 | 3,558 | ||
Charge-offs | (34) | (74) | (352) | (2,366) | ||
Recoveries | 11 | 117 | 62 | 164 | ||
Provisions (credits) | (33) | 104 | (580) | 2,999 | ||
Balance | 3,470 | 4,355 | 3,470 | 4,355 | ||
Total allowance for loan and lease losses | 3,470 | 4,355 | 4,340 | 3,558 | 3,470 | 4,340 |
Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | ||||||
Balance | 4,340 | |||||
Balance | 3,470 | 3,470 | ||||
Allowance for loan losses: Individually evaluated for impairment | ||||||
Allowance for loan losses: Collectively evaluated for impairment | 3,470 | 4,340 | ||||
Total allowance for loan and lease losses | 3,470 | 4,340 | 3,470 | 4,340 | ||
Loans receivable, gross: Individually evaluated for impairment | 1,706 | 2,057 | ||||
Loans receivable, gross: Collectively evaluated for impairment | 145,542 | 171,642 | ||||
Total loans receivable, gross | 147,248 | 173,875 | ||||
PCI loans individually evaluated for impairment | 176 | |||||
Consumer Portfolio Segment [Member] | ||||||
Balance | 534 | 664 | 341 | 641 | ||
Charge-offs | (6) | (103) | (45) | (106) | ||
Recoveries | 1 | 3 | 4 | 8 | ||
Provisions (credits) | 11 | (196) | 240 | (175) | ||
Balance | 540 | 368 | 540 | 368 | ||
Total allowance for loan and lease losses | 540 | 368 | 341 | 641 | 540 | 341 |
Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | ||||||
Balance | 341 | |||||
Balance | 540 | 540 | ||||
Allowance for loan losses: Individually evaluated for impairment | 11 | |||||
Allowance for loan losses: Collectively evaluated for impairment | 529 | 341 | ||||
Total allowance for loan and lease losses | 540 | 341 | 540 | 341 | ||
Loans receivable, gross: Individually evaluated for impairment | 1,264 | 916 | ||||
Loans receivable, gross: Collectively evaluated for impairment | 71,863 | 85,018 | ||||
Total loans receivable, gross | 73,127 | 85,934 | ||||
PCI loans individually evaluated for impairment | ||||||
Construction Portfolio Segment [Member] | ||||||
Balance | 666 | 467 | 477 | 350 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Provisions (credits) | 152 | (19) | 341 | 98 | ||
Balance | 818 | 448 | 818 | 448 | ||
Total allowance for loan and lease losses | 818 | 448 | 477 | 350 | 818 | 477 |
Construction Portfolio Segment [Member] | Business Activities Loans [Member] | ||||||
Balance | 477 | |||||
Balance | 818 | 818 | ||||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | ||||
Allowance for loan losses: Collectively evaluated for impairment | 818 | 477 | ||||
Total allowance for loan and lease losses | 818 | 477 | 818 | 477 | ||
Loans receivable, gross: Individually evaluated for impairment | ||||||
Loans receivable, gross: Collectively evaluated for impairment | 61,534 | 48,388 | ||||
Total loans receivable, gross | 61,534 | 48,388 | ||||
PCI loans individually evaluated for impairment | ||||||
Construction to Permanent Portfolio Segment [Member] | ||||||
Balance | 149 | 105 | 130 | 108 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Provisions (credits) | 40 | 10 | 59 | 7 | ||
Balance | 189 | 115 | 189 | 115 | ||
Total allowance for loan and lease losses | 189 | 115 | 130 | 108 | 189 | 130 |
Construction to Permanent Portfolio Segment [Member] | Business Activities Loans [Member] | ||||||
Balance | 130 | |||||
Balance | 189 | 189 | ||||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | ||||
Allowance for loan losses: Collectively evaluated for impairment | 189 | 130 | ||||
Total allowance for loan and lease losses | 189 | 130 | 189 | 130 | ||
Loans receivable, gross: Individually evaluated for impairment | 0 | 0 | ||||
Loans receivable, gross: Collectively evaluated for impairment | 14,346 | 14,064 | ||||
Total loans receivable, gross | 14,346 | 14,064 | ||||
PCI loans individually evaluated for impairment | ||||||
Unallocated Financing Receivables [Member] | ||||||
Balance | 89 | 100 | 27 | |||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Provisions (credits) | 131 | (35) | 220 | 38 | ||
Balance | 220 | 65 | 220 | 65 | ||
Total allowance for loan and lease losses | 220 | $ 65 | $ 27 | 220 | ||
Unallocated Financing Receivables [Member] | Business Activities Loans [Member] | ||||||
Balance | ||||||
Balance | 220 | 220 | ||||
Allowance for loan losses: Individually evaluated for impairment | 0 | 0 | ||||
Allowance for loan losses: Collectively evaluated for impairment | 220 | |||||
Total allowance for loan and lease losses | $ 220 | 220 | ||||
Loans receivable, gross: Individually evaluated for impairment | 0 | 0 | ||||
Loans receivable, gross: Collectively evaluated for impairment | ||||||
Total loans receivable, gross | ||||||
PCI loans individually evaluated for impairment |
Note 4 - Loans Receivable and_7
Note 4 - Loans Receivable and Allowance for Loan and Lease Losses - Delinquency Status of Performing and Non-performing Loans (Details) - Business Activities Loans [Member] - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Loans receivable, gross | $ 751,298 | $ 812,164 |
Non-accruing loans | 20,440 | 18,049 |
Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 292,067 | 314,414 |
Non-accruing loans | 14,447 | 11,961 |
Residential Portfolio Segment [Member] | ||
Loans receivable, gross | 162,976 | 175,489 |
Non-accruing loans | 3,292 | 3,228 |
Commercial Portfolio Segment [Member] | ||
Loans receivable, gross | 147,248 | 173,875 |
Non-accruing loans | 1,706 | 2,094 |
Consumer Portfolio Segment [Member] | ||
Loans receivable, gross | 73,127 | 85,934 |
Non-accruing loans | 995 | 766 |
Construction Portfolio Segment [Member] | ||
Loans receivable, gross | 61,534 | 48,388 |
Non-accruing loans | ||
Construction to Permanent Portfolio Segment [Member] | ||
Loans receivable, gross | 14,346 | 14,064 |
Non-accruing loans | ||
Pass [Member] | ||
Loans receivable, gross | 685,258 | 777,551 |
Non-accruing loans | ||
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 265,497 | 295,982 |
Non-accruing loans | ||
Pass [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable, gross | 159,434 | 170,561 |
Non-accruing loans | ||
Pass [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable, gross | 112,436 | 163,388 |
Non-accruing loans | ||
Pass [Member] | Consumer Portfolio Segment [Member] | ||
Loans receivable, gross | 72,011 | 85,168 |
Non-accruing loans | ||
Pass [Member] | Construction Portfolio Segment [Member] | ||
Loans receivable, gross | 61,534 | 48,388 |
Non-accruing loans | ||
Pass [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Loans receivable, gross | 14,346 | 14,064 |
Non-accruing loans | ||
Special Mention [Member] | ||
Loans receivable, gross | 7,437 | 836 |
Non-accruing loans | ||
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 385 | |
Non-accruing loans | ||
Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | ||
Loans receivable, gross | 7,437 | 451 |
Non-accruing loans | ||
Substandard [Member] | ||
Loans receivable, gross | 58,603 | |
Non-accruing loans | 20,440 | |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Loans receivable, gross | 26,570 | 18,047 |
Non-accruing loans | 14,447 | 11,961 |
Substandard [Member] | Residential Portfolio Segment [Member] | ||
Loans receivable, gross | 3,542 | 4,928 |
Non-accruing loans | 3,292 | 3,228 |
Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Loans receivable, gross | 27,375 | 10,036 |
Non-accruing loans | 1,706 | 2,094 |
Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Loans receivable, gross | 1,116 | 766 |
Non-accruing loans | 995 | 766 |
Substandard [Member] | Construction Portfolio Segment [Member] | ||
Loans receivable, gross | 33,777 | |
Non-accruing loans | 18,049 | |
Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 6,325 | 4,441 |
Performing (accruing) loans, current | 724,533 | 789,674 |
Loans receivable, gross | 730,858 | 794,115 |
Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 2,333 | |
Performing (accruing) loans, current | 275,287 | 302,453 |
Loans receivable, gross | 277,620 | 302,453 |
Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 2,962 | 658 |
Performing (accruing) loans, current | 156,722 | 171,603 |
Loans receivable, gross | 159,684 | 172,261 |
Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 902 | 956 |
Performing (accruing) loans, current | 144,640 | 170,825 |
Loans receivable, gross | 145,542 | 171,781 |
Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 128 | 2,827 |
Performing (accruing) loans, current | 72,004 | 82,341 |
Loans receivable, gross | 72,132 | 85,168 |
Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Performing (accruing) loans, current | 61,534 | 48,388 |
Loans receivable, gross | 61,534 | 48,388 |
Performing Financial Instruments [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Performing (accruing) loans, current | 14,346 | 14,064 |
Loans receivable, gross | 14,346 | 14,064 |
Performing Financial Instruments [Member] | Pass [Member] | ||
Performing (accruing) loans, past due | 4,096 | 4,162 |
Performing (accruing) loans, current | 681,162 | 773,389 |
Loans receivable, gross | 685,258 | 777,551 |
Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 903 | |
Performing (accruing) loans, current | 264,594 | 295,982 |
Loans receivable, gross | 265,497 | 295,982 |
Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 2,962 | 658 |
Performing (accruing) loans, current | 156,472 | 169,903 |
Loans receivable, gross | 159,434 | 170,561 |
Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 200 | 677 |
Performing (accruing) loans, current | 112,236 | 162,711 |
Loans receivable, gross | 112,436 | 163,388 |
Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 31 | 2,827 |
Performing (accruing) loans, current | 71,980 | 82,341 |
Loans receivable, gross | 72,011 | 85,168 |
Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Performing (accruing) loans, current | 61,534 | 48,388 |
Loans receivable, gross | 61,534 | 48,388 |
Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Performing (accruing) loans, current | 14,346 | 14,064 |
Loans receivable, gross | 14,346 | 14,064 |
Performing Financial Instruments [Member] | Special Mention [Member] | ||
Performing (accruing) loans, past due | 279 | |
Performing (accruing) loans, current | 7,437 | 557 |
Loans receivable, gross | 7,437 | 836 |
Performing Financial Instruments [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Performing (accruing) loans, current | 385 | |
Loans receivable, gross | 385 | |
Performing Financial Instruments [Member] | Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 279 | |
Performing (accruing) loans, current | 7,437 | 172 |
Loans receivable, gross | 7,437 | 451 |
Performing Financial Instruments [Member] | Substandard [Member] | ||
Performing (accruing) loans, past due | 2,229 | |
Performing (accruing) loans, current | 35,934 | |
Loans receivable, gross | 38,163 | |
Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,430 | |
Performing (accruing) loans, current | 10,693 | 6,086 |
Loans receivable, gross | 12,123 | 6,086 |
Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Performing (accruing) loans, current | 250 | 1,700 |
Loans receivable, gross | 250 | 1,700 |
Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 702 | |
Performing (accruing) loans, current | 24,967 | 7,942 |
Loans receivable, gross | 25,669 | 7,942 |
Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 97 | |
Performing (accruing) loans, current | 24 | |
Loans receivable, gross | 121 | |
Performing Financial Instruments [Member] | Substandard [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Performing (accruing) loans, current | 15,728 | |
Loans receivable, gross | 15,728 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 5,445 | 4,069 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 2,333 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 2,283 | 658 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 702 | 606 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 127 | 2,805 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Performing (accruing) loans, past due | 3,216 | 3,790 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 903 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 2,283 | 658 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 327 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 30 | 2,805 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | ||
Performing (accruing) loans, past due | 279 | |
Financial Asset, 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 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 279 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | ||
Performing (accruing) loans, past due | 2,229 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,430 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 702 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 97 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 201 | 353 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 200 | 350 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1 | 3 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Performing (accruing) loans, past due | 201 | 353 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 200 | 350 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1 | 3 |
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 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 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 679 | 19 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 679 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 19 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | ||
Performing (accruing) loans, past due | 679 | 19 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 679 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 19 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Pass [Member] | Construction to Permanent Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or 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 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Special Mention [Member] | Commercial and Industrial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | Substandard [Member] | Construction Portfolio Segment [Member] | ||
Performing (accruing) loans, past due |
Note 4 - Loans Receivable and_8
Note 4 - Loans Receivable and Allowance for Loan and Lease Losses - Non-accrual Loans (Details) - Business Activities Loans [Member] - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Non-accruing loans | $ 20,440 | $ 18,049 |
Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 6,325 | 4,441 |
Performing (accruing) loans, current | 724,533 | 789,674 |
Commercial Real Estate Portfolio Segment [Member] | ||
Non-accruing loans | 14,447 | 11,961 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 2,333 | |
Performing (accruing) loans, current | 275,287 | 302,453 |
Residential Portfolio Segment [Member] | ||
Non-accruing loans | 3,292 | 3,228 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 2,962 | 658 |
Performing (accruing) loans, current | 156,722 | 171,603 |
Commercial Portfolio Segment [Member] | ||
Non-accruing loans | 1,706 | 2,094 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 902 | 956 |
Performing (accruing) loans, current | 144,640 | 170,825 |
Consumer Portfolio Segment [Member] | ||
Non-accruing loans | 995 | 766 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 128 | 2,827 |
Performing (accruing) loans, current | 72,004 | 82,341 |
Non-Accrual Loans [Member] | ||
Performing (accruing) loans, past due | 9,031 | 5,381 |
Performing (accruing) loans, current | 11,409 | 12,668 |
Substandard [Member] | ||
Non-accruing loans | 20,440 | |
Substandard [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 2,229 | |
Performing (accruing) loans, current | 35,934 | |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Non-accruing loans | 14,447 | 11,961 |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 1,430 | |
Performing (accruing) loans, current | 10,693 | 6,086 |
Substandard [Member] | Residential Portfolio Segment [Member] | ||
Non-accruing loans | 3,292 | 3,228 |
Substandard [Member] | Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Performing (accruing) loans, current | 250 | 1,700 |
Substandard [Member] | Commercial Portfolio Segment [Member] | ||
Non-accruing loans | 1,706 | 2,094 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 702 | |
Performing (accruing) loans, current | 24,967 | 7,942 |
Substandard [Member] | Consumer Portfolio Segment [Member] | ||
Non-accruing loans | 995 | 766 |
Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 97 | |
Performing (accruing) loans, current | 24 | |
Substandard [Member] | Non-Accrual Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 5,636 | 1,636 |
Performing (accruing) loans, current | 8,811 | 10,325 |
Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,585 | 1,872 |
Performing (accruing) loans, current | 1,707 | 1,356 |
Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,706 | 1,724 |
Performing (accruing) loans, current | 370 | |
Non-accruing loans | 2,094 | |
Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Substandard [Member] | Non-Accrual Loans [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 104 | 149 |
Performing (accruing) loans, current | 891 | 617 |
Financial Asset, 30 to 59 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 5,445 | 4,069 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 2,333 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 2,283 | 658 |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 702 | 606 |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 127 | 2,805 |
Financial Asset, 30 to 59 Days Past Due [Member] | Non-Accrual Loans [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 2,229 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 1,430 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 702 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 97 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 0 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 201 | 353 |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 200 | 350 |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 1 | 3 |
Financial Asset, 60 to 89 Days Past Due [Member] | Non-Accrual Loans [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 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 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 679 | 19 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 679 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | 19 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non-Accrual Loans [Member] | ||
Performing (accruing) loans, past due | 9,031 | 5,381 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Performing (accruing) loans, past due | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Real Estate Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 5,636 | 1,636 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Residential Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,585 | 1,872 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Commercial Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | 1,706 | 1,724 |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Substandard [Member] | Non-Accrual Loans [Member] | Consumer Portfolio Segment [Member] | ||
Performing (accruing) loans, past due | $ 104 | $ 149 |
Note 4 - Loans Receivable and_9
Note 4 - Loans Receivable and Allowance for Loan and Lease Losses - Recorded Investment in TDRs (Details) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2020USD ($) | Sep. 30, 2019USD ($) | Sep. 30, 2020USD ($) | Sep. 30, 2019USD ($) | Dec. 31, 2019USD ($) | |
Number of contracts | 9 | 9 | 6 | ||
Recorded investment | $ 11,108 | $ 11,108 | $ 10,953 | ||
TDRs included in non-accrual loans | $ (11,108) | $ (11,108) | $ (10,953) | ||
Number of Loans | 0 | 0 | 3 | 2 | |
Outstanding Recorded Investment, Pre-Modification | $ 178 | $ 8,912 | |||
Outstanding Recorded Investment, Post-Modification | $ 177 | 8,911 | |||
Non-Accrual Loans [Member] | |||||
Number of contracts | 3 | 3 | 2 | ||
Recorded investment | $ 9,384 | $ 9,384 | $ 9,337 | ||
TDRs included in non-accrual loans | $ (9,384) | $ (9,384) | $ (9,337) | ||
Accrual Loans [Member] | |||||
Number of contracts | 6 | 6 | 4 | ||
Recorded investment | $ 1,724 | $ 1,724 | $ 1,616 | ||
TDRs included in non-accrual loans | (1,724) | (1,724) | $ (1,616) | ||
Contractual Interest Rate Reduction [Member] | |||||
Outstanding Recorded Investment, Post-Modification | 56 | 111 | |||
Extended Maturity [Member] | |||||
Outstanding Recorded Investment, Post-Modification | 121 | ||||
Maturity and Rate Reduction [Member] | |||||
Outstanding Recorded Investment, Post-Modification | $ 8,800 | ||||
Commercial Real Estate Portfolio Segment [Member] | |||||
Number of contracts | 2 | 2 | 2 | ||
Recorded investment | $ 9,884 | $ 9,884 | $ 9,873 | ||
TDRs included in non-accrual loans | $ (9,884) | $ (9,884) | $ (9,873) | ||
Number of Loans | 1 | 2 | |||
Outstanding Recorded Investment, Pre-Modification | $ 57 | $ 8,912 | |||
Outstanding Recorded Investment, Post-Modification | $ 56 | $ 8,911 | |||
Residential Portfolio Segment [Member] | |||||
Number of contracts | 3 | 3 | 2 | ||
Recorded investment | $ 437 | $ 437 | $ 393 | ||
TDRs included in non-accrual loans | $ (437) | $ (437) | $ (393) | ||
Consumer Portfolio Segment [Member] | |||||
Number of contracts | 4 | 4 | 2 | ||
Recorded investment | $ 787 | $ 787 | $ 687 | ||
TDRs included in non-accrual loans | $ (787) | $ (787) | $ (687) | ||
Number of Loans | 2 | ||||
Outstanding Recorded Investment, Pre-Modification | $ 121 | ||||
Outstanding Recorded Investment, Post-Modification | $ 121 |
Note 4 - Loans Receivable an_10
Note 4 - Loans Receivable and Allowance for Loan and Lease Losses - Impaired Loans (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | |
Impaired loans, related allowance | $ 1,600,000 | $ 1,600,000 | $ 1,500,000 | ||
Impaired loans, recorded investment | 22,200,000 | 22,200,000 | 19,600,000 | ||
With no allowance recorded, average recorded investment | 13,653,000 | $ 20,909,000 | 12,342,000 | $ 19,717,000 | |
With no allowance recorded, interest income recognized | 37,000 | 252,000 | 114,000 | 709,000 | |
With allowance recorded, average recorded investment | 9,104,000 | 8,959,000 | 3,763,000 | ||
With allowance recorded, interest income recognized | 2,000 | 43,000 | |||
Impaired Loans, Average recorded investment | 22,757,000 | 20,909,000 | 21,301,000 | 23,480,000 | |
Impaired Loans, interest income recognized | 39,000 | 252,000 | 157,000 | 709,000 | |
Business Activities Loans [Member] | |||||
Impaired loans with no related allowance recorded, recorded investment | 13,096,000 | 13,096,000 | 10,828,000 | ||
Impaired loans with no related allowance recorded, unpaid principal balance | 13,855,000 | 13,855,000 | 10,992,000 | ||
Impaired loans with a related allowance recorded, recorded investment | 9,069,000 | 9,069,000 | 8,800,000 | ||
Impaired loans with a related allowance recorded, unpaid principal balance | 9,069,000 | 9,069,000 | 8,800,000 | ||
Impaired loans, related allowance | 1,568,000 | 1,568,000 | 1,496,000 | ||
Impaired loans, recorded investment | 22,165,000 | 22,165,000 | 19,628,000 | ||
Impaired loans, unpaid principal balance | 22,924,000 | 22,924,000 | 19,792,000 | ||
Commercial Real Estate Portfolio Segment [Member] | |||||
With no allowance recorded, average recorded investment | 6,975,000 | 13,579,000 | 5,702,000 | 9,654,000 | |
With no allowance recorded, interest income recognized | 13,000 | 164,000 | 39,000 | 324,000 | |
With allowance recorded, average recorded investment | 8,975,000 | 8,876,000 | 275,000 | ||
With allowance recorded, interest income recognized | 35,000 | ||||
Impaired Loans, Average recorded investment | 15,950,000 | 13,579,000 | 14,578,000 | 9,929,000 | |
Impaired Loans, interest income recognized | 13,000 | 164,000 | 74,000 | 324,000 | |
Commercial Real Estate Portfolio Segment [Member] | Business Activities Loans [Member] | |||||
Impaired loans with no related allowance recorded, recorded investment | 6,710,000 | 6,710,000 | 4,234,000 | ||
Impaired loans with no related allowance recorded, unpaid principal balance | 7,116,000 | 7,116,000 | 4,309,000 | ||
Impaired loans with a related allowance recorded, recorded investment | 8,811,000 | 8,811,000 | 8,800,000 | ||
Impaired loans with a related allowance recorded, unpaid principal balance | 8,811,000 | 8,811,000 | 8,800,000 | ||
Impaired loans, related allowance | 1,552,000 | 1,552,000 | 1,496,000 | ||
Impaired loans, recorded investment | 15,521,000 | 15,521,000 | 13,034,000 | ||
Impaired loans, unpaid principal balance | 15,927,000 | 15,927,000 | 13,109,000 | ||
Residential Portfolio Segment [Member] | |||||
With no allowance recorded, average recorded investment | 3,641,000 | 3,696,000 | 3,603,000 | 2,202,000 | |
With no allowance recorded, interest income recognized | 12,000 | 37,000 | 45,000 | 28,000 | |
With allowance recorded, average recorded investment | 55,000 | 33,000 | 1,237,000 | ||
With allowance recorded, interest income recognized | 1,000 | 4,000 | |||
Impaired Loans, Average recorded investment | 3,696,000 | 3,696,000 | 3,636,000 | 3,439,000 | |
Impaired Loans, interest income recognized | 13,000 | 37,000 | 49,000 | 28,000 | |
Residential Portfolio Segment [Member] | Business Activities Loans [Member] | |||||
Impaired loans with no related allowance recorded, recorded investment | 3,565,000 | 3,565,000 | 3,621,000 | ||
Impaired loans with no related allowance recorded, unpaid principal balance | 3,634,000 | 3,634,000 | 3,623,000 | ||
Impaired loans with a related allowance recorded, recorded investment | 109,000 | 109,000 | |||
Impaired loans with a related allowance recorded, unpaid principal balance | 109,000 | 109,000 | |||
Impaired loans, related allowance | 5,000 | 5,000 | |||
Impaired loans, recorded investment | 3,674,000 | 3,674,000 | 3,621,000 | ||
Impaired loans, unpaid principal balance | 3,743,000 | 3,743,000 | 3,623,000 | ||
Commercial Portfolio Segment [Member] | |||||
With no allowance recorded, average recorded investment | 1,716,000 | 2,656,000 | 1,936,000 | 1,684,000 | |
With no allowance recorded, interest income recognized | 2,000 | 39,000 | 4,000 | 99,000 | |
With allowance recorded, average recorded investment | 2,228,000 | ||||
With allowance recorded, interest income recognized | |||||
Impaired Loans, Average recorded investment | 1,716,000 | 2,656,000 | 1,936,000 | 3,912,000 | |
Impaired Loans, interest income recognized | 2,000 | 39,000 | 4,000 | 99,000 | |
Commercial Portfolio Segment [Member] | Business Activities Loans [Member] | |||||
Impaired loans with no related allowance recorded, recorded investment | 1,706,000 | 1,706,000 | 2,057,000 | ||
Impaired loans with no related allowance recorded, unpaid principal balance | 1,840,000 | 1,840,000 | 2,060,000 | ||
Impaired loans, related allowance | |||||
Impaired loans, recorded investment | 1,706,000 | 1,706,000 | 2,057,000 | ||
Impaired loans, unpaid principal balance | 1,840,000 | 1,840,000 | 2,060,000 | ||
Consumer Portfolio Segment [Member] | |||||
With no allowance recorded, average recorded investment | 1,321,000 | 978,000 | 1,101,000 | 897,000 | |
With no allowance recorded, interest income recognized | 10,000 | 12,000 | 26,000 | 108,000 | |
With allowance recorded, average recorded investment | 74,000 | 50,000 | 23,000 | ||
With allowance recorded, interest income recognized | 1,000 | 4,000 | |||
Impaired Loans, Average recorded investment | 1,395,000 | 978,000 | 1,151,000 | 920,000 | |
Impaired Loans, interest income recognized | 11,000 | 12,000 | 30,000 | 108,000 | |
Consumer Portfolio Segment [Member] | Business Activities Loans [Member] | |||||
Impaired loans with no related allowance recorded, recorded investment | 1,115,000 | 1,115,000 | 916,000 | ||
Impaired loans with no related allowance recorded, unpaid principal balance | 1,265,000 | 1,265,000 | 1,000,000 | ||
Impaired loans with a related allowance recorded, recorded investment | 149,000 | 149,000 | |||
Impaired loans with a related allowance recorded, unpaid principal balance | 149,000 | 149,000 | |||
Impaired loans, related allowance | 11,000 | 11,000 | |||
Impaired loans, recorded investment | 1,264,000 | 1,264,000 | 916,000 | ||
Impaired loans, unpaid principal balance | 1,414,000 | 1,414,000 | $ 1,000,000 | ||
Construction Portfolio Segment [Member] | |||||
With no allowance recorded, average recorded investment | 5,280,000 | ||||
With no allowance recorded, interest income recognized | 150,000 | ||||
Impaired Loans, Average recorded investment | 5,280,000 | ||||
Impaired Loans, interest income recognized | $ 150,000 |
Note 5 - Loans Held for Sale (D
Note 5 - Loans Held for Sale (Details Textual) | 9 Months Ended | ||
Sep. 30, 2020USD ($) | Sep. 30, 2019USD ($) | Dec. 31, 2019USD ($) | |
Loans Serviced By Entity But Owned By a Third Party | $ 18,600,000 | $ 13,600,000 | |
Servicing Asset, Total | 301,000 | ||
Servicing Asset at Fair Value, Amount, Ending Balance | 362,000 | ||
SBA CARES Act Paycheck Protection Program [Member] | |||
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance, Ending Balance | 1,800,000 | 15,300,000 | |
Transfer of Loans Held-for-sale to Portfolio Loans | $ 9,542,000 | ||
Commercial Portfolio Segment [Member] | |||
Number of Loans Held-for-Sale | 1 | ||
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance, Ending Balance | $ 5,000,000 | ||
Commercial Portfolio Segment [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance, Ending Balance | 851,000 | 10,200,000 | |
Commercial Real Estate Portfolio Segment [Member] | SBA CARES Act Paycheck Protection Program [Member] | |||
Financing Receivable, Held-for-Sale, Not Part of Disposal Group, after Valuation Allowance, Ending Balance | $ 950,000 | $ 5,100,000 |
Note 5 - Loans Held for Sale -
Note 5 - Loans Held for Sale - Analysis of the Activity in the SBA Servicing Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Beginning balance | $ 221 | $ 156 | $ 201 | $ 37 |
Servicing rights capitalized | 86 | 44 | 115 | 169 |
Servicing rights amortized | (6) | (4) | (15) | (10) |
Ending balance | $ 301 | $ 196 | $ 301 | $ 196 |
Note 6 - Goodwill and Other I_3
Note 6 - Goodwill and Other Intangible Assets (Details Textual) - USD ($) | May 10, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Jun. 30, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | Dec. 31, 2018 | May 10, 2018 |
Goodwill, Ending Balance | $ 1,107,000 | $ 1,107,000 | $ 1,107,000 | $ 1,107,000 | $ 1,107,000 | $ 1,107,000 | $ 1,107,000 | $ 1,728,000 | ||
Goodwill, Purchase Accounting Adjustments | $ (621,000) | |||||||||
Goodwill, Impairment Loss | $ 0 | |||||||||
Prime Bank [Member] | ||||||||||
Goodwill, Ending Balance | $ 1,100,000 | $ 1,700,000 | $ 2,100,000 | |||||||
Goodwill, Purchase Accounting Adjustments | $ (621,000) | |||||||||
Business Acquisition, Goodwill, Tax Deductible Period (Year) | 15 years |
Note 6 - Goodwill and Other I_4
Note 6 - Goodwill and Other Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Balance | $ 1,107 | $ 1,107 | $ 1,107 | $ 1,728 |
Mesurement period adjustments | (621) | |||
Balance | $ 1,107 | $ 1,107 | $ 1,107 | $ 1,107 |
Note 7 - Deposits (Details Text
Note 7 - Deposits (Details Textual) - USD ($) $ in Millions | Jul. 22, 2020 | Sep. 30, 2020 |
Payments to Acquire Prepaid Debit Card Deposits | $ 50 | |
Prepaid Debit Card Deposits | $ 60 |
Note 7 - Deposits - Summary of
Note 7 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Non-interest bearing, Balance | $ 161,871 | $ 88,135 |
NOW, Balance | 29,518 | 26,864 |
Savings, Balance | 91,169 | 64,020 |
Money market, Balance | 142,909 | 99,115 |
Certificates of deposit, less than $250,000, Balance | 160,610 | 193,942 |
Certificates of deposit, $250,000 or greater, Balance | 50,359 | 67,550 |
Brokered deposits, Balance | 90,995 | 229,909 |
Interest bearing, Total, Balance | 565,560 | 681,400 |
Deposits, Balance | $ 727,431 | $ 769,535 |
Note 7 - Deposits - Contractual
Note 7 - Deposits - Contractual Maturities of Certificates of Deposit (Details) $ in Thousands | Sep. 30, 2020USD ($) |
1 year or less | $ 266,497 |
More than 1 year through 2 years | 30,858 |
More than 2 years through 3 years | 2,449 |
More than 3 years through 4 years | 1,163 |
More than 4 years through 5 years | 997 |
Contractual Maturities of Certificates of Deposit, Total | 301,964 |
Certificates of Deposits Less Than $250,000 [Member] | |
1 year or less | 139,850 |
More than 1 year through 2 years | 17,847 |
More than 2 years through 3 years | 1,256 |
More than 3 years through 4 years | 913 |
More than 4 years through 5 years | 744 |
Contractual Maturities of Certificates of Deposit, Total | 160,610 |
Certificates of Deposit $250,000 or Greater [Member] | |
1 year or less | 41,249 |
More than 1 year through 2 years | 8,163 |
More than 2 years through 3 years | 694 |
More than 3 years through 4 years | |
More than 4 years through 5 years | 253 |
Contractual Maturities of Certificates of Deposit, Total | 50,359 |
Brokered Deposits [Member] | |
1 year or less | 85,398 |
More than 1 year through 2 years | 4,848 |
More than 2 years through 3 years | 499 |
More than 3 years through 4 years | 250 |
More than 4 years through 5 years | |
Contractual Maturities of Certificates of Deposit, Total | $ 90,995 |
Note 8 - Derivatives (Details T
Note 8 - Derivatives (Details Textual) - Interest Rate Swap [Member] - Not Designated as Hedging Instrument [Member] $ in Millions | Sep. 30, 2020USD ($) | Dec. 31, 2019USD ($) | Nov. 30, 2018 |
Derivative, Number of Instruments Held, Total | 4 | 2 | |
Derivative, Collateral, Right to Reclaim Cash | $ 1.4 | $ 1.1 |
Note 8 - Derivatives - Schedule
Note 8 - Derivatives - Schedule of Derivative Instruments (Details) - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2020 | Dec. 31, 2019 | Jun. 30, 2020 | |
Interest Rate Swap One [Member] | |||
Derivative Asset, Notional Amount | $ 4,911 | $ 4,944 | |
Derivative, Maturity (Year) | 8 years 219 days | 9 years 109 days | |
Derivative, Fixed Rate | 5.25% | 5.25% | |
Derivative, Variable Rate | 1.96% | 1.96% | |
Derivative Liability, Notional Amount | $ 4,911 | $ 4,944 | |
Interest Rate Swap One [Member] | Other Assets [Member] | |||
Interest rate swap receivable | 1,087 | 617 | |
Interest Rate Swap One [Member] | Other Liabilities [Member] | |||
Derivative Liability, Fair Value | (1,087) | (617) | |
Interest Rate Swap Two [Member] | |||
Derivative Asset, Notional Amount | $ 1,439 | $ 1,444 | |
Derivative, Maturity (Year) | 8 years 292 days | 9 years 182 days | |
Derivative, Fixed Rate | 4.38% | 4.38% | |
Derivative, Variable Rate | 2.00% | 2.00% | |
Derivative Liability, Notional Amount | $ 1,439 | $ 1,444 | |
Interest Rate Swap Two [Member] | Other Assets [Member] | |||
Interest rate swap receivable | 216 | 77 | |
Interest Rate Swap Two [Member] | Other Liabilities [Member] | |||
Derivative Liability, Fair Value | $ (216) | $ (77) |
Note 9 - Share-based Compensa_3
Note 9 - Share-based Compensation and Employee Benefit Plan (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | |
Labor and Related Expense | $ 3,460,000 | $ 3,480,000 | $ 10,966,000 | $ 10,272,000 | |
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.01 | $ 0.01 | |||
Payments of Ordinary Dividends, Common Stock | $ 39,000 | $ 116,000 | |||
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 | 48,000 | 53,000 | $ 199,000 | 195,000 | |
Restricted Stock [Member] | |||||
Share-based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount | $ 226,000 | $ 226,000 | |||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 361 days | ||||
2012 Stock Plan [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 3,000,000 | 3,000,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 2,850,139 | 2,850,139 | |||
Share-based Payment Arrangement, Expense | $ 42,000 | 59,000 | $ 123,000 | 162,000 | |
2012 Stock Plan [Member] | Employee [Member] | |||||
Share-based Payment Arrangement, Expense | 21,000 | 31,000 | 64,000 | 87,000 | |
2012 Stock Plan [Member] | Patriot's External Directors [Member] | |||||
Share-based Payment Arrangement, Expense | 21,000 | 28,000 | 59,000 | 75,000 | |
Labor and Related Expense | $ 87,000 | $ 153,000 | $ 342,000 | $ 423,000 | |
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 (in shares) | 0 | 0 | 0 | ||
2012 Stock Plan [Member] | Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Two [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 4 years | ||||
2012 Stock Plan [Member] | Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Three [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 5 years | ||||
2012 Stock Plan [Member] | Restricted Stock [Member] | Share-based Payment Arrangement, Tranche One [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years |
Note 9 - Share-based Compensa_4
Note 9 - Share-based Compensation and Employee Benefit Plan - Restricted Shares (Details) - Restricted Stock [Member] - $ / shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Unvested at beginning of year (in shares) | 26,597 | 29,529 | 21,470 | 31,790 |
Unvested at beginning of year, weighted average grant date fair value (in dollars per share) | $ 8.89 | $ 13.94 | $ 12.91 | $ 14.06 |
Vested (in shares) | (1,200) | (2,392) | (6,372) | (14,328) |
Vested, weighted average grant date fair value (in dollars per share) | $ 17.41 | $ 17.11 | $ 16.20 | $ 15.79 |
Granted (in shares) | 12,484 | 9,675 | ||
Granted, weighted average grant date fair value (in dollars per share) | $ 6.12 | $ 15.52 | ||
Forfeited (in shares) | (2,185) | |||
Forfeited, weighted average grant date fair value (in dollars per share) | $ 15.92 | |||
Unvested at end of year (in shares) | 25,397 | 27,137 | 25,397 | 27,137 |
Unvested at end of year, weighted average grant date fair value (in dollars per share) | $ 8.49 | $ 13.66 | $ 8.49 | $ 13.66 |
Note 10 - Earnings (Loss) Per_3
Note 10 - Earnings (Loss) Per Share (Details Textual) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Restricted Stock [Member] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 13,093 | 417 | 1,630 | 151 |
Note 10 - Earnings (Loss) Per_4
Note 10 - Earnings (Loss) Per Share - Computation of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |||||
Net (loss) income attributable to Common shareholders | $ (87) | $ 27 | $ (2,437) | $ (1,305) | ||||
Weighted average shares outstanding (in shares) | (3,935,898) | (3,922,783) | (3,934,138) | (3,920,678) | ||||
Basic (loss) earnings per share (in dollars per share) | $ (0.02) | $ 0.01 | $ (0.62) | $ (0.33) | ||||
Net (loss) income attributable to Common shareholders | $ (87) | $ 27 | $ (2,437) | $ (1,305) | ||||
Effect of potentially dilutive restricted common shares (in shares) | [1] | [2] | [3] | [4] | ||||
Weighted average diluted shares outstanding (in shares) | 3,935,898 | 3,922,783 | 3,934,138 | 3,920,678 | ||||
Diluted (loss) earnings per share (in dollars per share) | $ (0.02) | $ 0.01 | $ (0.62) | $ (0.33) | ||||
[1] | The weighted average diluted shares outstanding does not include 13,093 anti-dilutive restricted common shares for the three months ended September 30, 2020. | |||||||
[2] | The weighted average diluted shares outstanding does not include 417 anti-dilutive restricted common shares for the three months ended September 30, 2019. | |||||||
[3] | The weighted average diluted shares outstanding does not include 1,630 anti-dilutive restricted common shares for the nine months ended September 30, 2020. | |||||||
[4] | The weighted average diluted shares outstanding does not include 151 anti-dilutive restricted common shares for the nine months ended September 30, 2019. |
Note 11 - Financial Instrumen_3
Note 11 - Financial Instruments with Off-balance Sheet Risk (Details Textual) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 |
Banks Reserve Based on Analysis in Unfunded Commitments | $ 8,000 | $ 8,000 |
Note 11 - Financial Instrumen_4
Note 11 - Financial Instruments with Off-balance Sheet Risk - Financial Instruments With Credit Risk (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Commitments to extend credit | $ 150,357 | $ 145,065 |
Unused Line of Credit [Member] | ||
Commitments to extend credit | 73,751 | 71,101 |
Undisbursed Construction Loans [Member] | ||
Commitments to extend credit | 31,947 | 25,367 |
Home Equity Lines of Credit [Member] | ||
Commitments to extend credit | 19,825 | 20,032 |
Future Loan Commitments [Member] | ||
Commitments to extend credit | 24,165 | 27,822 |
Financial Standy Letter of Credit [Member] | ||
Commitments to extend credit | $ 669 | $ 743 |
Note 12 - Regulatory and Oper_3
Note 12 - Regulatory and Operational Matters (Details Textual) $ in Billions | Sep. 30, 2020 | Sep. 30, 2019USD ($) | Jan. 01, 2019 |
Community Bank, Tier One Leverage Ratio | 0.09 | ||
Community Bank, Tier One Leverage Capital Required for Capital Adequacy | $ 10 | ||
Capital Required to be Well Capitalized to Risk Weighted Assets | 0.1 | ||
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets | 0.08 | ||
Common Equity, Tier 1, Capital Required for Capital Adequacy to Risk Weighted Assets | 0.065 | 0.07 | |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 0.09 | ||
Capital Conservation Buffer | 0.025 | ||
Capital Required for Capital Adequacy to Risk Weighted Assets | 0.105 | ||
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets with Capital Buffer | 0.085 |
Note 12 - Regulatory and Oper_4
Note 12 - Regulatory and Operational Matters - Regulatory Capital Amounts and Ratios (Details) $ in Thousands | Sep. 30, 2020USD ($) | Dec. 31, 2019USD ($) | Sep. 30, 2019 | Jan. 01, 2019 | |
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 0.1 | ||||
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 0.105 | ||||
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 0.08 | ||||
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | 0.085 | ||||
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 0.065 | 0.07 | |||
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 0.09 | ||||
Parent Company [Member] | |||||
Total Capital (to Risk Weighted Assets) Actual Amount | $ 87,925 | $ 90,083 | |||
Total Capital (to Risk Weighted Assets) Actual Ratio | 0.10924 | 0.1051 | |||
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 | $ 64,389 | $ 68,573 | |||
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 0.08 | 0.08 | |||
Tier 1 Capital (to Risk Weighted Assets) Actual Amount | $ 67,850 | $ 69,957 | |||
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio | 0.0843 | 0.08161 | |||
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 | $ 48,292 | $ 51,430 | |||
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 0.06 | 0.06 | |||
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Amount | $ 59,850 | $ 61,957 | |||
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio | 0.07436 | 0.07228 | |||
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 | $ 36,219 | $ 38,572 | |||
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 0.045 | 0.045 | |||
Tier 1 Capital (to Average Assets) Actual Amount | $ 67,850 | $ 69,957 | |||
Tier 1 Capital (to Average Assets) Actual Ratio | 0.0715 | 0.07148 | |||
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 | $ 37,960 | $ 39,148 | |||
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes Ratio | 0.04 | 0.04 | |||
Subsidiaries [Member] | |||||
Total Capital (to Risk Weighted Assets) Actual Amount | $ 98,800 | $ 100,953 | |||
Total Capital (to Risk Weighted Assets) Actual Ratio | 0.12332 | 0.11826 | |||
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | [1] | $ 80,115 | $ 85,362 | ||
Total Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | 0.1 | 0.1 | ||
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | [2] | $ 84,121 | $ 89,630 | ||
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | [2] | 0.105 | 0.105 | ||
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 64,092 | $ 68,290 | |||
Total Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 0.08 | 0.08 | |||
Tier 1 Capital (to Risk Weighted Assets) Actual Amount | $ 88,772 | $ 90,827 | |||
Tier 1 Capital (to Risk Weighted Assets) Actual Ratio | 0.11081 | 0.1064 | |||
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | [1] | $ 64,092 | $ 68,290 | ||
Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | 0.08 | 0.08 | ||
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | [2] | $ 68,098 | $ 72,558 | ||
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | [2] | 0.085 | 0.085 | ||
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 48,069 | $ 51,217 | |||
Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 0.06 | 0.06 | |||
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Amount | $ 88,772 | $ 90,827 | |||
Common Equity Tier 1 Capital (to Risk Weighted Assets) Actual Ratio | 0.11081 | 0.1064 | |||
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | [1] | $ 52,075 | $ 55,485 | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | 0.065 | 0.065 | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Amount | [2] | $ 56,080 | $ 59,753 | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes With Capital Buffer Ratio | [2] | 0.07 | 0.07 | ||
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Amount | $ 36,052 | $ 38,413 | |||
Common Equity Tier 1 Capital (to Risk Weighted Assets) For Capital Adequacy Purposes Ratio | 0.045 | 0.045 | |||
Tier 1 Capital (to Average Assets) Actual Amount | $ 88,772 | $ 90,827 | |||
Tier 1 Capital (to Average Assets) Actual Ratio | 0.09352 | 0.09279 | |||
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | [1] | $ 47,459 | $ 48,944 | ||
Tier 1 Capital (to Average Assets) To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | [1] | 0.05 | 0.05 | ||
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes Amount | $ 37,967 | $ 39,155 | |||
Tier 1 Capital (to Average Assets) For Capital Adequacy Purposes Ratio | 0.04 | 0.04 | |||
[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 13 - Fair Value and Inte_3
Note 13 - Fair Value and Interest Rate Risk (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Sep. 30, 2020 | Dec. 31, 2019 |
Other Investments, Total | $ 4,450 | $ 4,450 |
Solomon Hess SBA Loan Fund [Member] | ||
Other Investments, Total | $ 4,450 | |
Federal Home Loan Bank Certificates and Obligations (FHLB) [Member] | ||
Stock Value Par or Stated Value per Share (in dollars per share) | $ 100 |
Note 13 - Fair Value and Inte_4
Note 13 - Fair Value and Interest Rate Risk - Financial Assets and Liabilities (Details) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 |
Fair value, total | $ 47,823,000 | $ 48,317,000 |
SBA servicing assets | 362,000 | |
Reported Value Measurement [Member] | ||
Financial assets, total | 864,584,000 | 921,374,000 |
Financial liabilities, total | 850,746,000 | 903,186,000 |
Estimate of Fair Value Measurement [Member] | ||
Financial assets, total | 854,620,000 | 914,414,000 |
Financial liabilities, total | 860,323,000 | 907,534,000 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | Brokered Deposits [Member] | ||
Deposits | 90,995,000 | 229,909,000 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | Cash and Due from Banks [Member] | ||
Cash and cash equivalents | 3,231,000 | 2,693,000 |
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member] | Interest-bearing Deposits [Member] | ||
Cash and cash equivalents | 46,405,000 | 36,711,000 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Brokered Deposits [Member] | ||
Deposits | 91,521,000 | 230,073,000 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Cash and Due from Banks [Member] | ||
Cash and cash equivalents | 3,231,000 | 2,693,000 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Interest-bearing Deposits [Member] | ||
Cash and cash equivalents | 46,405,000 | 36,711,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | ||
Fair value, total | 47,823,000 | 48,317,000 |
Other investments | 4,450,000 | 4,450,000 |
Federal Reserve Bank stock | 2,783,000 | 2,897,000 |
Federal Home Loan Bank stock | 4,503,000 | 4,477,000 |
Loans held for sale | 6,824,000 | 15,282,000 |
Accrued interest receivable | 6,834,000 | 3,603,000 |
FHLB borrowings | 90,000,000 | 100,000,000 |
Senior notes | 11,909,000 | 11,853,000 |
Subordinated debt | 9,774,000 | 9,752,000 |
Junior subordinated debt owed to unconsolidated trust | 8,108,000 | 8,102,000 |
Accrued interest payable | 1,091,000 | 1,971,000 |
Interest rate swap liability | 1,303,000 | 694,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Demand Deposits [Member] | ||
Deposits | 161,871,000 | 88,135,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Savings Deposits [Member] | ||
Deposits | 91,169,000 | 64,020,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Money Market Deposits [Member] | ||
Deposits | 142,909,000 | 99,115,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Negotiable Order of Withdrawal (NOW) Accounts [Member] | ||
Deposits | 29,518,000 | 26,864,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Time Deposits [Member] | ||
Deposits | 210,969,000 | 261,492,000 |
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member] | Interest Rate Swap [Member] | ||
Interest rate swap receivable | 1,303,000 | 694,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Fair value, total | 47,823,000 | 48,317,000 |
Other investments | 4,450,000 | 4,450,000 |
Federal Reserve Bank stock | 2,783,000 | 2,897,000 |
Federal Home Loan Bank stock | 4,503,000 | 4,477,000 |
Loans held for sale | 7,002,000 | 16,733,000 |
Accrued interest receivable | 6,834,000 | 3,603,000 |
FHLB borrowings | 97,786,000 | 103,962,000 |
Senior notes | 12,033,000 | 11,722,000 |
Subordinated debt | 10,145,000 | 9,747,000 |
Junior subordinated debt owed to unconsolidated trust | 8,108,000 | 8,102,000 |
Accrued interest payable | 1,091,000 | 1,971,000 |
Interest rate swap liability | 1,303,000 | 694,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Demand Deposits [Member] | ||
Deposits | 161,871,000 | 88,135,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Savings Deposits [Member] | ||
Deposits | 91,169,000 | 64,020,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Money Market Deposits [Member] | ||
Deposits | 142,909,000 | 99,115,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Negotiable Order of Withdrawal (NOW) Accounts [Member] | ||
Deposits | 29,518,000 | 26,864,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Time Deposits [Member] | ||
Deposits | 211,724,000 | 261,914,000 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Interest Rate Swap [Member] | ||
Interest rate swap receivable | 1,303,000 | 694,000 |
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member] | ||
Loans receivable, net | 740,127,000 | 802,049,000 |
SBA servicing assets | 301,000 | 201,000 |
Note payable | 1,044,000 | 1,193,000 |
Contingent consideration liability | 86,000 | 86,000 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Loans receivable, net | 729,924,000 | 793,559,000 |
SBA servicing assets | 362,000 | 280,000 |
Note payable | 1,059,000 | 1,129,000 |
Contingent consideration liability | $ 86,000 | $ 86,000 |
Note 13 - Fair Value and Inte_5
Note 13 - Fair Value and Interest Rate Risk - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Sep. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Available-for-sale securities | $ 47,823 | $ 48,317 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities | 15,705 | 16,685 | |
Corporate Debt Securities [Member] | |||
Available-for-sale securities | 17,250 | 17,313 | |
Subordinated Notes [Member] | |||
Available-for-sale securities | 9,013 | 9,204 | |
SBA Loan Pools [Member] | |||
Available-for-sale securities | 5,301 | 5,115 | |
US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale securities | 554 | ||
Fair Value, Recurring [Member] | |||
Available-for-sale securities | 47,823 | 48,317 | |
Contingent consideration liability | 86 | 86 | |
Interest rate swap receivable | 1,303 | 694 | |
Interest rate swap liability | 1,303 | 694 | |
Impaired PCI Loans, net | $ 176 | ||
Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities | 15,705 | 16,685 | |
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | |||
Available-for-sale securities | 17,250 | 17,313 | |
Fair Value, Recurring [Member] | Subordinated Notes [Member] | |||
Available-for-sale securities | 9,013 | 9,204 | |
Fair Value, Recurring [Member] | SBA Loan Pools [Member] | |||
Available-for-sale securities | 5,301 | 5,115 | |
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale securities | 554 | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | |||
Available-for-sale securities | |||
Contingent consideration liability | |||
Interest rate swap receivable | |||
Interest rate swap liability | |||
Impaired PCI Loans, net | |||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities | |||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | |||
Available-for-sale securities | |||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Subordinated Notes [Member] | |||
Available-for-sale securities | |||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | SBA Loan Pools [Member] | |||
Available-for-sale securities | |||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale securities | |||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | |||
Available-for-sale securities | 47,823 | 48,317 | |
Contingent consideration liability | |||
Interest rate swap receivable | 1,303 | 694 | |
Interest rate swap liability | 1,303 | 694 | |
Impaired PCI Loans, net | |||
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities | 15,705 | 16,685 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | |||
Available-for-sale securities | 17,250 | 17,313 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Subordinated Notes [Member] | |||
Available-for-sale securities | 9,013 | 9,204 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | SBA Loan Pools [Member] | |||
Available-for-sale securities | 5,301 | 5,115 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale securities | 554 | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | |||
Available-for-sale securities | |||
Contingent consideration liability | 86 | 86 | |
Interest rate swap receivable | |||
Interest rate swap liability | |||
Impaired PCI Loans, net | $ 176 | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities | |||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | |||
Available-for-sale securities | |||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Subordinated Notes [Member] | |||
Available-for-sale securities | |||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | SBA Loan Pools [Member] | |||
Available-for-sale securities | |||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale securities |
Note 13 - Fair Value and Inte_6
Note 13 - Fair Value and Interest Rate Risk - Quantitative Information About Level 3 Fair Value Measurements (Details) | Sep. 30, 2020USD ($) | Dec. 31, 2019USD ($) |
SBA servicing assets | $ 301,000 | |
Fair Value, Inputs, Level 3 [Member] | ||
SBA servicing assets | $ 280,000 | |
Fair Value, Inputs, Level 3 [Member] | Minimum [Member] | Measurement Input, Discount Rate [Member] | ||
SBA servicing assets | 0.1473 | |
Fair Value, Inputs, Level 3 [Member] | Maximum [Member] | Measurement Input, Discount Rate [Member] | ||
SBA servicing assets | 0.149 | |
Fair Value, Inputs, Level 3 [Member] | Fair Value of Collateral Approach [Member] | ||
Impaired loans, net | 20,597,000 | $ 18,132,000 |
Other Real Estate Owned | $ 1,954,000 | $ 2,400,000 |
Fair Value, Inputs, Level 3 [Member] | Fair Value of Collateral Approach [Member] | Measurement Input, Discount Rate [Member] | ||
Other Real Estate Owned | 0.12 | 0.12 |
Fair Value, Inputs, Level 3 [Member] | Fair Value of Collateral Approach [Member] | Minimum [Member] | Measurement Input, Discount Rate [Member] | ||
Impaired loans, net | 0.08 | 0.08 |
Fair Value, Inputs, Level 3 [Member] | Fair Value of Collateral Approach [Member] | Maximum [Member] | Measurement Input, Discount Rate [Member] | ||
Impaired loans, net | 0.2 | 0.2 |
Fair Value, Inputs, Level 3 [Member] | Valuation Technique, Discounted Cash Flow [Member] | ||
SBA servicing assets | $ 362,000 | |
Fair Value, Inputs, Level 3 [Member] | Valuation Technique, Discounted Cash Flow [Member] | Minimum [Member] | Measurement Input, Discount Rate [Member] | ||
SBA servicing assets | 0.1473 | |
Fair Value, Inputs, Level 3 [Member] | Valuation Technique, Discounted Cash Flow [Member] | Maximum [Member] | Measurement Input, Discount Rate [Member] | ||
SBA servicing assets | 0.149 |
Note 14 - Subsequent Events (De
Note 14 - Subsequent Events (Details Textual) - USD ($) | Nov. 13, 2020 | Sep. 30, 2020 |
Financing Receivable, Principal and Interest Deferred Payments | $ 244,400,000 | |
Financing Receivable, Loans Remained on Deferment | $ 157,700,000 | |
Subsequent Event [Member] | ||
Financing Receivable, Loans Remained on Deferment | $ 59,100,000 |