Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2018 | Aug. 08, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | MBT Financial Corp | |
Entity Central Index Key | 1,118,237 | |
Trading Symbol | mbtf | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 22,983,921 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Cash and due from banks | ||
Non-interest bearing | $ 13,772 | $ 18,233 |
Interest bearing | 1,214 | 34,777 |
Total cash and cash equivalents | 14,986 | 53,010 |
Interest Bearing Time Deposits in Other Banks | 12,196 | 15,196 |
Securities - Held to Maturity | 33,148 | 37,163 |
Securities - Available for Sale | 414,266 | 442,816 |
Equity Securities | 6,194 | 4,148 |
Loans held for sale | 334 | 346 |
Loans | 740,786 | 694,979 |
Allowance for Loan Losses | (7,958) | (7,666) |
Loans - Net | 732,828 | 687,313 |
Accrued interest receivable and other assets | 21,773 | 20,463 |
Other real estate owned | 394 | 1,412 |
Bank Owned Life Insurance | 58,855 | 58,153 |
Premises and Equipment - Net | 26,911 | 27,400 |
Total assets | 1,321,885 | 1,347,420 |
Deposits | ||
Non-interest bearing | 292,534 | 299,838 |
Interest-bearing | 854,960 | 898,326 |
Total deposits | 1,147,494 | 1,198,164 |
Federal Home Loan Bank advances | 30,000 | |
Federal funds purchased | 7,800 | |
Interest payable and other liabilities | 16,237 | 16,598 |
Total liabilities | 1,201,531 | 1,214,762 |
STOCKHOLDERS' EQUITY | ||
Common stock (no par value; 50,000,000 shares authorized, 22,983,255 and 22,907,844 shares issued and outstanding) | 23,231 | 22,840 |
Retained earnings | 109,668 | 117,524 |
Unearned compensation | (39) | |
Accumulated other comprehensive loss | (12,506) | (7,706) |
Total stockholders' equity | 120,354 | 132,658 |
Total liabilities and stockholders' equity | $ 1,321,885 | $ 1,347,420 |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 50,000,000 | 50,000,000 |
Common stock, shares issued (in shares) | 22,983,255 | 22,907,844 |
Common stock, shares outstanding (in shares) | 22,983,255 | 22,907,844 |
Consolidated Statements of Inco
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Interest Income | ||||
Interest and fees on loans | $ 8,736 | $ 7,709 | $ 16,953 | $ 15,073 |
Interest on investment securities- | ||||
Tax-exempt | 443 | 306 | 847 | 616 |
Taxable | 2,087 | 2,185 | 4,297 | 4,453 |
Interest on balances due from banks | 58 | 101 | 183 | 210 |
Total interest income | 11,324 | 10,301 | 22,280 | 20,352 |
Interest Expense | ||||
Interest on deposits | 400 | 434 | 814 | 890 |
Interest on borrowed funds | 91 | 3 | 97 | 3 |
Total interest expense | 491 | 437 | 911 | 893 |
Net Interest Income | 10,833 | 9,864 | 21,369 | 19,459 |
Recovery Of Loan Losses | (100) | (200) | ||
Net Interest Income After Recovery Of Loan Losses | 10,833 | 9,864 | 21,469 | 19,659 |
Other Income | ||||
Net gain (loss) on sales and redemptions of securities available for sale | (1) | 67 | (102) | 77 |
Net gain (loss) on sales of Other Real Estate Owned | 517 | (62) | 536 | (96) |
Bank owned life insurance income | 349 | 412 | 702 | 753 |
Other | 527 | 497 | 1,127 | 1,119 |
Total other income | 4,403 | 4,370 | 8,187 | 8,190 |
Other Expenses | ||||
Salaries and employee benefits | 5,371 | 5,273 | 11,333 | 10,707 |
Occupancy expense | 620 | 682 | 1,341 | 1,430 |
Equipment expense | 874 | 791 | 1,667 | 1,488 |
Marketing expense | 467 | 302 | 844 | 586 |
Professional fees | 592 | 620 | 1,186 | 1,209 |
EFT/ATM expense | 288 | 259 | 547 | 507 |
Other Real Estate Owned expenses | 21 | 30 | 36 | 62 |
FDIC Deposit Insurance Assessment | 92 | 107 | 199 | 214 |
Bonding and other insurance expense | 137 | 125 | 269 | 247 |
Telephone expense | 74 | 103 | 149 | 219 |
Other | 650 | 716 | 1,407 | 1,401 |
Total other expenses | 9,186 | 9,008 | 18,978 | 18,070 |
Income Before Income Taxes | 6,050 | 5,226 | 10,678 | 9,779 |
Income Tax Expense | 1,105 | 1,586 | 1,831 | 2,959 |
Net Income | 4,945 | 3,640 | 8,847 | 6,820 |
Other Comprehensive Income - Net of Tax | ||||
Unrealized gains (losses) on securities | (643) | 1,983 | (4,896) | 3,770 |
Reclassification adjustment for (gains) losses included in net income | 1 | (44) | 81 | (51) |
Postretirement benefit liability | 32 | 26 | 64 | 53 |
Total Other Comprehensive Income (Loss) - Net of Tax | (610) | 1,965 | (4,751) | 3,772 |
Comprehensive Income | $ 4,335 | $ 5,605 | $ 4,096 | $ 10,592 |
Basic Earnings Per Common Share (in dollars per share) | $ 0.22 | $ 0.16 | $ 0.39 | $ 0.30 |
Diluted Earnings Per Common Share (in dollars per share) | 0.21 | 0.16 | 0.38 | 0.30 |
Dividends declared (in dollars per share) | $ 0.07 | $ 0.05 | $ 0.73 | $ 0.80 |
Fiduciary and Trust [Member] | ||||
Other Income | ||||
Noninterest income | $ 1,178 | $ 1,547 | $ 2,363 | $ 2,675 |
Deposit Account [Member] | ||||
Other Income | ||||
Noninterest income | 955 | 1,046 | 1,901 | 2,060 |
Debit Card [Member] | ||||
Other Income | ||||
Noninterest income | 786 | 748 | 1,506 | 1,428 |
Mortgage Banking [Member] | ||||
Other Income | ||||
Noninterest income | $ 92 | $ 115 | $ 154 | $ 174 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Retained Earnings [Member] | Deferred Compensation, Share-based Payments [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2016 | 22,777,882 | ||||
Balance at Dec. 31, 2016 | $ 22,562 | $ 126,079 | $ (4) | $ (7,523) | $ 141,114 |
SOSARs exercised, net of shares redeemed for taxes (in shares) | 63,677 | ||||
SOSARs exercised, net of shares redeemed for taxes | $ (250) | (250) | |||
Restricted stock awards, net of shares redeemed for taxes (in shares) | 6,000 | ||||
Restricted stock awards, net of shares redeemed for taxes | $ 65 | (65) | |||
Employee Stock Purchase Plan and other stock issued (in shares) | 22,523 | ||||
Employee Stock Purchase Plan and other stock issued | $ 243 | 243 | |||
Tax benefit from exercise of options | 824 | 824 | |||
Equity Compensation | 263 | 30 | 293 | ||
Deferred Directors' Compensation | $ (324) | (324) | |||
Dividends declared | (18,270) | (18,270) | |||
Net Income | 6,820 | 6,820 | |||
Other comprehensive income - net of tax | 3,772 | 3,772 | |||
Balance (in shares) at Jun. 30, 2017 | 22,870,082 | ||||
Balance at Jun. 30, 2017 | $ 22,559 | 115,453 | (39) | (3,751) | 134,222 |
Balance (in shares) at Dec. 31, 2017 | 22,907,844 | ||||
Balance at Dec. 31, 2017 | $ 22,840 | 117,524 | (7,706) | 132,658 | |
SOSARs exercised, net of shares redeemed for taxes (in shares) | 44,397 | ||||
SOSARs exercised, net of shares redeemed for taxes | $ (202) | (202) | |||
Restricted stock awards, net of shares redeemed for taxes (in shares) | 7,500 | ||||
Restricted stock awards, net of shares redeemed for taxes | $ 78 | (78) | |||
Employee Stock Purchase Plan and other stock issued (in shares) | 23,514 | ||||
Employee Stock Purchase Plan and other stock issued | $ 246 | 246 | |||
Tax benefit from exercise of options | |||||
Equity Compensation | 353 | 39 | 392 | ||
Deferred Directors' Compensation | (84) | (84) | |||
Cumulative Effect Adjustment (ASU 2016-01) | 49 | (49) | |||
Dividends declared | (16,752) | (16,752) | |||
Net Income | 8,847 | 8,847 | |||
Other comprehensive income - net of tax | (4,751) | (4,751) | |||
Balance (in shares) at Jun. 30, 2018 | 22,983,255 | ||||
Balance at Jun. 30, 2018 | $ 23,231 | $ 109,668 | $ (39) | $ (12,506) | $ 120,354 |
Consolidated Statements of Cha6
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Retained Earnings [Member] | ||
Dividends declared (in dollars per share) | $ 0.73 | $ 800 |
Dividends declared (in dollars per share) | 0.73 | 800 |
Dividends declared (in dollars per share) | 0.73 | 0.80 |
Dividends declared (in dollars per share) | $ 0.73 | $ 0.80 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Cash Flows from Operating Activities | ||
Net Income | $ 8,847 | $ 6,820 |
Adjustments to reconcile net income to net cash from operating activities | ||
Recovery of loan losses | (100) | (200) |
Depreciation | 737 | 806 |
Net amortization of investment premium and discount | 1,166 | 1,165 |
Adjustment for assets carried at fair market value | 47 | |
Writedowns of Other Real Estate Owned | 42 | 56 |
Net decrease in interest payable and other liabilities | (364) | (720) |
Net decrease (increase) in interest receivable and other assets | (652) | 96 |
Writedowns of Other Assets | 37 | |
Equity based compensation expense | 392 | 293 |
Net (gain) loss on sale/settlement of securities | 102 | (77) |
Increase in cash surrender value of life insurance | (702) | (754) |
Net cash provided by operating activities | 9,515 | 7,522 |
Cash Flows from Investing Activities | ||
Proceeds from maturities of interest bearing time deposits in other banks | 3,000 | 1,750 |
Proceeds from maturities and redemptions of investment securities held to maturity | 3,987 | 6,542 |
Proceeds from maturities and redemptions of investment securities available for sale | 31,904 | 18,964 |
Proceeds from sales of investment securities available for sale | 19,393 | 73,918 |
Net increase in loans | (45,547) | (31,193) |
Proceeds from sales of other real estate owned | 1,698 | 367 |
Proceeds from sales of other assets | 40 | 230 |
Purchase of time deposits in other banks | (500) | |
Purchase of investment securities held to maturity | (4,455) | |
Purchase of Bank Owned Life Insurance | (4,357) | |
Proceeds from surrender of Bank Owned Life Insurance | 309 | |
Purchase of investment securities available for sale | (32,187) | (39,842) |
Purchase of bank premises and equipment | (248) | (494) |
Net cash (used for) provided by investing activities | (17,960) | 21,239 |
Cash Flows from Financing Activities | ||
Net decrease in deposits | (50,670) | (22,648) |
Net increase in short term borrowings | 7,800 | |
Proceeds from Federal Home Loan Bank borrowings | 30,000 | |
Issuance of common stock | 246 | 243 |
Stock redeemed for tax withholding - stock based compensation | (203) | (251) |
Dividends paid | (16,752) | (18,270) |
Net cash used for financing activities | (29,579) | (40,926) |
Net Decrease in Cash and Cash Equivalents | (38,024) | (12,165) |
Cash and Cash Equivalents at Beginning of Period | 53,010 | 52,772 |
Cash and Cash Equivalents at End of Period | 14,986 | 40,607 |
Supplemental Cash Flow Information | ||
Cash paid for interest | 892 | 899 |
Cash paid for federal income taxes | 1,419 | 2,106 |
Supplemental Schedule of Non Cash Investing Activities | ||
Transfer of loans to other real estate owned | 144 | 332 |
Transfer of loans to other assets | $ 40 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and Accounting Policies | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | 1. The unaudited consolidated financial statements include the accounts of MBT Financial Corp. (the “Company”) and its subsidiary, Monroe Bank & Trust (the “Bank”). The Bank includes the accounts of its wholly owned subsidiary, MB&T Financial Services, Inc. The Bank operates fourteen six one The accounting and reporting policies of the Bank conform to practice within the banking industry and are in accordance with accounting principles generally accepted in the United States. Preparation of financial statements in conformity with generally accepted accounting principles requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term are the determination of the allowance for loan losses and the fair value of investment securities. The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10 not The significant accounting policies are as follows: PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Company and its subsidiary. All material intercompany transactions and balances have been eliminated. COMPREHENSIVE INCOME Accounting principles generally require that revenue, expenses, gains, and losses be included in net income. Certain changes in assets and liabilities, however, such as unrealized gains and losses on securities available for sale and amounts recognized related to postretirement benefit plans (gains and losses, prior service costs, and transition assets or obligations), are reported as a direct adjustment to the equity section of the balance sheet. Such items, along with net income, are components of comprehensive income. BUSINESS SEGMENTS While the Company's chief decision makers monitor the revenue streams of various products and services, operations are managed and financial performance is evaluated on a company wide basis. Accordingly, all of the Company’s operations are considered by management to be aggregated in one FAIR VALUE The Company measures or monitors many of its assets and liabilities on a fair value basis. Fair value is used on a recurring basis for assets and liabilities that are elected to be accounted for under The Fair Value Option as well as for certain assets and liabilities in which fair value is the primary basis of accounting. Examples of these include derivative instruments and available for sale securities. Additionally, fair value is used on a non-recurring basis to evaluate assets or liabilities for impairment or for disclosure purposes. Examples of these non-recurring uses of fair value include certain loans held for sale accounted for on a lower of cost or market basis. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not not ACCOUNTING PRONOUNCEMENTS The Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2014 09 2014 09 606 2014 09 2014 09 December 15, 2017 ( December 31, 2018 not 2014 09 January 1, 2018 not In June 2016, No. 2016 13, December 31, 2020. first December 15, 2018, In March 2017, No. 2017 08, 310 20 not December 15, 2018, not In January 2016, No. 2016 01, 825 10 2016 01 December 15, 2017. 2016 01 January 1, 2018 not |
Note 2 - Earnings Per Share
Note 2 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 2. The calculations of earnings per common share are as follows: For the three months ended June 30, For the six months ended June 30, 2018 2017 2018 2017 Basic Net income $ 4,945,000 $ 3,640,000 $ 8,847,000 $ 6,820,000 Average common shares outstanding 22,978,225 22,865,529 22,961,076 22,843,523 Earnings per common share - basic $ 0.22 $ 0.16 $ 0.39 $ 0.30 Diluted Net income $ 4,945,000 $ 3,640,000 $ 8,847,000 $ 6,820,000 Average common shares outstanding 22,978,225 22,865,529 22,961,076 22,843,523 Equity compensation 122,810 141,237 122,077 144,280 Average common shares outstanding - diluted 23,101,035 23,006,766 23,083,153 22,987,803 Earnings per common share - diluted $ 0.21 $ 0.16 $ 0.38 $ 0.30 |
Note 3 - Stock Based Compensati
Note 3 - Stock Based Compensation | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | 3. Stock Only Stock Appreciation Rights (SOSARs) February 22, 2018, 105,000 2008 May 1, 2008 May 7, 2015. ten three December 31, 2018. $2.36 7 23.64%, 2.86% 2.18%. $10.45 SOSARs granted under the plan are structured as fixed grants with the base price equal to the market value of the underlying stock on the date of the grant. The following table summarizes the SOSARs that have been granted: Weighted Average SOSARs Base Price SOSARs Outstanding, January 1, 2018 372,585 $ 6.82 Granted 105,000 10.45 Exercised (103,036 ) 4.30 Forfeited (4,336 ) 10.09 Expired - - SOSARs Outstanding, June 30, 2018 370,213 $ 8.51 SOSARs Exercisable, June 30, 2018 147,863 $ 5.76 The exercise of a SOSAR results in the issuance of a number of shares of common stock of the Company based on the appreciation of the market price of the stock over the base price of the SOSAR. The market value of the Company’s common stock on June 30, 2018 $10.65. June 30, 2018 $720,000, 67,892 may Restricted Stock Unit Awards February 22, 2018, 21,500 2008 May 1, 2008 May 7, 2015. one two December 31, 2019 $10.45 December 15, 2020 June 30, 2018 none Restricted Stock Awards February 22, 2018, 7,500 2008 May 1, 2008 May 7, 2015. December 31, 2018. $10.45 $39,000 June 30, 2018. The total expense for equity based compensation was $156,000 second 2018 $162,000 second 2017. $392,000 first six 2018 $293,000 first six 2017. $795,000 June 30, 2018. 1.78 |
Note 4 - Loans
Note 4 - Loans | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block] | 4. The Bank makes commercial, consumer, and mortgage loans primarily to customers in Monroe County, Michigan, southern and western Wayne County, Michigan, and surrounding areas. Although the Bank has a diversified loan portfolio, a substantial portion of its debtors’ ability to honor their contracts is dependent on the automotive, manufacturing, and real estate development economic sectors. Loans consist of the following ( 000s June 30, December 31, 2018 2017 Residential real estate loans $ 229,252 $ 222,014 Commercial and Construction real estate loans 293,321 293,202 Agriculture and agricultural real estate loans 23,124 21,231 Commercial and industrial loans 142,913 122,219 Loans to individuals for household, family, and other personal expenditures 52,176 36,313 Total loans, gross $ 740,786 $ 694,979 Less: Allowance for loan losses 7,958 7,666 Net Loans $ 732,828 $ 687,313 Loans are placed in a nonaccrual status when, in the opinion of Management, the collection of additional interest is doubtful. All loan relationships over $250,000 90 The following table summarizes nonperforming assets ( 000s June 30, December 31, 2018 2017 Nonaccrual loans $ 3,360 $ 3,658 Loans 90 days past due and accruing - 3 Restructured loans 8,211 9,625 Total nonperforming loans $ 11,571 $ 13,286 Other real estate owned 394 1,412 Other assets - 40 Total nonperforming assets $ 11,965 $ 14,738 Nonperforming assets to total assets 0.91 % 1.09 % Allowance for loan losses to nonperforming loans 68.78 % 57.70 % |
Note 5 - Allowance For Loan Los
Note 5 - Allowance For Loan Losses | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | 5. The Company separates its loan portfolio into segments to perform the calculation and analysis of the allowance for loan losses. The six not not not Activity in the allowance for loan losses during the three six June 30, 2018 000s Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: For the three months ended June 30, 2018 Beginning Balance $ 210 $ 1,397 $ 3,088 $ 461 $ 1,089 $ 1,640 $ 7,885 Charge-offs - - - - (51 ) - (51 ) Recoveries - 16 49 14 31 14 124 Provision 52 36 (188 ) (1 ) 73 28 - Ending balance $ 262 $ 1,449 $ 2,949 $ 474 $ 1,142 $ 1,682 $ 7,958 Allowance for loan losses: For the six months ended June 30, 2018 Beginning Balance $ 195 $ 1,443 $ 3,297 $ 491 $ 1,279 $ 961 $ 7,666 Charge-offs - - (3 ) - (58 ) (2 ) (63 ) Recoveries 2 31 289 34 73 26 455 Provision 65 (25 ) (634 ) (51 ) (152 ) 697 (100 ) Ending balance $ 262 $ 1,449 $ 2,949 $ 474 $ 1,142 $ 1,682 $ 7,958 Allowance for loan losses as of June 30, 2018 Ending balance individually evaluated for impairment $ - $ 141 $ 223 $ 347 $ 128 $ 196 $ 1,035 Ending balance collectively evaluated for impairment 262 1,308 2,726 127 1,014 1,486 6,923 Ending balance $ 262 $ 1,449 $ 2,949 $ 474 $ 1,142 $ 1,682 $ 7,958 Loans as of June 30, 2018 Ending balance individually evaluated for impairment $ 1,133 $ 254 $ 3,732 $ 1,562 $ 4,516 $ 416 $ 11,613 Ending balance collectively evaluated for impairment 21,991 142,659 266,360 21,667 224,736 51,760 729,173 Ending balance $ 23,124 $ 142,913 $ 270,092 $ 23,229 $ 229,252 $ 52,176 $ 740,786 Activity in the allowance for loan losses during the three six June 30, 2017 000s Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: For the three months ended June 30, 2017 Beginning Balance $ 200 $ 1,579 $ 3,438 $ 534 $ 1,570 $ 1,013 $ 8,334 Charge-offs - - (384 ) - - (12 ) (396 ) Recoveries - 42 37 13 92 15 199 Provision 120 (125 ) 268 (6 ) (264 ) 7 - Ending balance $ 320 $ 1,496 $ 3,359 $ 541 $ 1,398 $ 1,023 $ 8,137 Allowance for loan losses: For the six months ended June 30, 2017 Beginning Balance $ 201 $ 1,632 $ 3,336 $ 525 $ 1,599 $ 1,165 $ 8,458 Charge-offs - - (409 ) - (50 ) (49 ) (508 ) Recoveries 3 98 74 26 146 40 387 Provision 116 (234 ) 358 (10 ) (297 ) (133 ) (200 ) Ending balance $ 320 $ 1,496 $ 3,359 $ 541 $ 1,398 $ 1,023 $ 8,137 Allowance for loan losses as of June 30, 2017 Ending balance individually evaluated for impairment $ - $ 143 $ 44 $ 374 $ 221 $ 181 $ 963 Ending balance collectively evaluated for impairment 320 1,353 3,315 167 1,177 842 7,174 Ending balance $ 320 $ 1,496 $ 3,359 $ 541 $ 1,398 $ 1,023 $ 8,137 Loans as of June 30, 2017 Ending balance individually evaluated for impairment $ 1,209 $ 286 $ 3,025 $ 1,689 $ 6,101 $ 442 $ 12,752 Ending balance collectively evaluated for impairment 21,480 119,764 260,365 21,822 207,547 39,019 669,997 Ending balance $ 22,689 $ 120,050 $ 263,390 $ 23,511 $ 213,648 $ 39,461 $ 682,749 Each period the provision for loan losses in the income statement results from the combination of an estimate by Management of loan losses that occurred during the current period and the ongoing adjustment of prior estimates of losses occurring in prior periods. The provision for loan losses increases the allowance for loan losses, a valuation account which appears on the consolidated balance sheets. As the specific customer and amount of a loan loss is confirmed by gathering additional information, taking collateral in full or partial settlement of the loan, bankruptcy of the borrower, etc., the loan is charged off, reducing the allowance for loan losses. If, subsequent to a charge off, the Bank is able to collect additional amounts from the customer or sell collateral worth more than earlier estimated, a recovery is recorded. To serve as a basis for making this provision, the Bank maintains an extensive credit risk monitoring process that considers several factors including: current economic conditions affecting the Bank’s customers, the payment performance of individual loans and pools of homogeneous loans, portfolio seasoning, changes in collateral values, and detailed reviews of specific loan relationships. The Company utilizes an internal loan grading system to assign a risk grade to all commercial loans, all renegotiated loans, and each commercial credit relationship. Grades 10 45 50 55 60 50 60 70 90 • Grade 10– • Grade 20– may • Grade 30– may not • Grades 40 45 not • Grades 50 55 may • Grade 60– one 1 2 3 4 not 5 6 7 8 9 10 • Grade 70– one 1 not 2 3 may • Grades 80 90 not The assessment of compensating factors may one not The portfolio segments in each credit risk grade as of June 30, 2018 000s Credit Quality Indicators as of June 30, 2018 Credit Risk by Internally Assigned Grade Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Not Rated $ 441 $ 1,621 $ 267 $ 11,509 $ 142,604 $ 46,545 $ 202,987 10 - 6,757 - - - - 6,757 20 281 116 218 - - - 615 30 584 36,651 22,142 - 1,201 3,767 64,345 40 15,883 89,358 211,981 7,048 76,395 1,839 402,504 45 1,485 3,145 15,399 1,484 2,657 - 24,170 50 1,836 3,654 13,142 1,626 2,509 3 22,770 55 1,518 1,407 2,242 1,519 796 - 7,482 60 1,096 204 4,701 43 3,090 22 9,156 70 - - - - - - - 80 - - - - - - - 90 - - - - - - - Total $ 23,124 $ 142,913 $ 270,092 $ 23,229 $ 229,252 $ 52,176 $ 740,786 Performing $ 22,440 $ 142,635 $ 267,084 $ 21,667 $ 223,645 $ 51,744 $ 729,215 Nonperforming 684 278 3,008 1,562 5,607 432 11,571 Total $ 23,124 $ 142,913 $ 270,092 $ 23,229 $ 229,252 $ 52,176 $ 740,786 The portfolio segments in each credit risk grade as of December 31, 2017 000s Credit Quality Indicators as of December 31, 2017 Credit Risk by Internally Assigned Grade Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Not Rated $ - $ 1,341 $ 160 $ 13,903 $ 135,311 $ 30,359 $ 181,074 10 - 6,870 - - - - 6,870 20 281 293 353 - - - 927 30 503 29,655 6,300 - 941 3,972 41,371 40 14,819 76,792 223,468 4,857 72,634 1,947 394,517 45 1,414 2,391 12,244 1,528 5,363 - 22,940 50 1,864 3,778 21,802 1,667 3,590 6 32,707 55 1,441 594 1,857 1,537 867 2 6,298 60 909 505 3,460 66 3,308 27 8,275 70 - - - - - - - 80 - - - - - - - 90 - - - - - - - Total $ 21,231 $ 122,219 $ 269,644 $ 23,558 $ 222,014 $ 36,313 $ 694,979 Performing $ 20,665 $ 121,768 $ 265,801 $ 21,955 $ 215,643 $ 35,861 $ 681,693 Nonperforming 566 451 3,843 1,603 6,371 452 13,286 Total $ 21,231 $ 122,219 $ 269,644 $ 23,558 $ 222,014 $ 36,313 $ 694,979 Loans are considered past due when contractually required payment of interest or principal has not not June 30, 2018 December 31, 2017 ( 000s June 30, 2018 30-59 Days Past Due 60-89 Days Past Due >90 Days Past Due Total Past Due Current Total Loans Recorded Investment >90 Days Past Due and Accruing Agriculture and Agricultural Real Estate $ 353 $ - $ 80 $ 433 $ 22,691 $ 23,124 $ - Commercial 172 2 - $ 174 142,739 142,913 - Commercial Real Estate 2,100 855 72 3,027 267,065 270,092 - Construction Real Estate 31 - - 31 23,198 23,229 - Residential Real Estate 1,258 228 921 2,407 226,845 229,252 - Consumer and Other 26 - - 26 52,150 52,176 - Total $ 3,940 $ 1,085 $ 1,073 $ 6,098 $ 734,688 $ 740,786 $ - December 31, 2017 30-59 Days Past Due 60-89 Days Past Due >90 Days Past Due Total Past Due Current Total Loans Recorded Investment >90 Days Past Due and Accruing Agriculture and Agricultural Real Estate $ - $ - $ - $ - $ 21,231 $ 21,231 $ - Commercial 111 8 5 124 122,095 122,219 3 Commercial Real Estate 834 783 56 1,673 267,971 269,644 - Construction Real Estate 17 - - 17 23,541 23,558 - Residential Real Estate 1,361 58 871 2,290 219,724 222,014 - Consumer and Other 55 2 - 57 36,256 36,313 - Total $ 2,378 $ 851 $ 932 $ 4,161 $ 690,818 $ 694,979 $ 3 Loans are placed on non-accrual status when, in the opinion of Management, the collection of additional interest is doubtful. Loans are automatically placed on non-accrual status upon becoming ninety may not The following is a summary of non-accrual loans as of June 30, 2018 December 31, 2017 ( 000s June 30, 2018 December 31, 2017 Agriculture and Agricultural Real Estate $ 124 $ - Commercial 82 243 Commercial Real Estate 1,585 1,580 Construction Real Estate 11 33 Residential Real Estate 1,542 1,783 Consumer and Other 16 19 Total $ 3,360 $ 3,658 For loans deemed to be impaired due to an expectation that all contractual payments will probably not The following is a summary of impaired loans as of June 30, 2018 June 30, December 31, 2017 ( 000s June 30, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment for the Three Months Ended Interest Income Recognized in the Three Months Ended Average Recorded Investment for the Six Months Ended Interest Income Recognized in the Six Months Ended With no related allowance recorded: Agriculture and Agricultural Real Estate $ 895 $ 891 $ - $ 878 $ 12 $ 912 $ 23 Commercial - - - - - - - Commercial Real Estate 1,753 1,817 - 1,708 18 1,706 38 Construction Real Estate - - - - - - - Residential Real Estate 3,874 4,059 - 3,986 52 4,103 104 Consumer and Other 79 80 - 81 1 82 3 With an allowance recorded: Agriculture and Agricultural Real Estate 238 237 - 238 3 239 6 Commercial 254 260 141 261 3 264 6 Commercial Real Estate 1,979 2,025 223 2,046 27 2,055 59 Construction Real Estate 1,562 1,595 347 1,585 18 1,591 37 Residential Real Estate 642 653 128 655 8 657 15 Consumer and Other 337 337 196 340 3 342 7 Total: Agriculture and Agricultural Real Estate $ 1,133 $ 1,128 $ - $ 1,116 $ 15 $ 1,151 $ 29 Commercial 254 260 141 261 3 264 6 Commercial Real Estate 3,732 3,842 223 3,754 45 3,761 97 Construction Real Estate 1,562 1,595 347 1,585 18 1,591 37 Residential Real Estate 4,516 4,712 128 4,641 60 4,760 119 Consumer and Other 416 417 196 421 4 424 10 Total $ 11,613 $ 11,954 $ 1,035 $ 11,778 $ 145 $ 11,951 $ 298 Recorded Investment as of December 31, 2017 Unpaid Principal Balance as of December 31, 2017 Related Allowance as of December 31, 2017 Average Recorded Investment for the Three Months Ended June 30, 2017 Interest Income Recognized in the Three Months Ended June 30, 2017 Average Recorded Investment for the Six Months Ended June 30, 2017 Interest Income Recognized in the Six Months Ended June 30, 2017 With no related allowance recorded: Agriculture and Agricultural Real Estate $ 829 $ 826 $ - $ 1,215 $ 14 $ 1,217 $ 28 Commercial - - - 62 1 64 1 Commercial Real Estate 1,977 2,034 - 1,278 - 1,288 19 Construction Real Estate 17 21 - 154 2 156 4 Residential Real Estate 3,757 3,935 - 4,540 47 4,570 107 Consumer and Other 30 30 - 1 - 1 - With an allowance recorded: Agriculture and Agricultural Real Estate 241 240 1 - - - - Commercial 265 268 148 253 2 272 5 Commercial Real Estate 1,776 1,783 219 1,776 18 1,787 37 Construction Real Estate 1,586 1,619 360 1,560 18 1,564 36 Residential Real Estate 1,464 1,515 177 1,802 18 1,809 35 Consumer and Other 402 403 205 445 5 449 10 Total: Agriculture and Agricultural Real Estate $ 1,070 $ 1,066 $ 1 $ 1,215 $ 14 $ 1,217 $ 28 Commercial 265 268 148 315 3 336 6 Commercial Real Estate 3,753 3,817 219 3,054 18 3,075 56 Construction Real Estate 1,603 1,640 360 1,714 20 1,720 40 Residential Real Estate 5,221 5,450 177 6,342 65 6,379 142 Consumer and Other 432 433 205 446 5 450 10 Total $ 12,344 $ 12,674 $ 1,110 $ 13,086 $ 125 $ 13,177 $ 282 The Bank may may Loans that have been classified as TDRs during the three six June 30, 2018 June 30, 2017 000s Three months ended Six months ended June 30, 2018 June 30, 2018 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - $ - - $ - $ - Commercial - - - - - - Commercial Real Estate - - - 1 283 282 Construction Real Estate - - - - - - Residential Real Estate 1 22 - 2 172 150 Consumer and Other - - - - - - Total 1 $ 22 $ - 3 $ 455 $ 432 Three months ended Six months ended June 30, 2017 June 30, 2017 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - $ - - $ - $ - Commercial - - - 2 29 29 Commercial Real Estate 1 280 279 3 353 332 Construction Real Estate - - - - - - Residential Real Estate - - - 3 212 180 Consumer and Other - - - 1 1 - Total 1 $ 280 $ 279 9 $ 595 $ 541 The Bank considers TDRs that become past due under the modified terms as defaulted. The following table shows the loans that became TDRs during the six June 30, 2018 June 30, 2017 six June 30, 2018 June 30, 2017, Six months ended Six months ended June 30, 2018 June 30, 2017 Number of Contracts Recorded Principal Balance Number of Contracts Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - - $ - Commercial - - - - Commercial Real Estate - - - - Construction Real Estate - - - - Residential Real Estate - - - - Consumer and Other - - - - Total - $ - - $ - The Company has allocated $954,000 June 30, 2018. no June 30, 2018 June 30, 2017. |
Note 6 - Investment Securities
Note 6 - Investment Securities | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 6. The following is a summary of the Bank’s investment securities portfolio as of June 30, 2018 December 31, 2017 ( 000s Held to Maturity June 30, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value Obligations of States and Political Subdivisions $ 32,648 $ 528 $ (335 ) $ 32,841 Corporate Debt Securities 500 - (38 ) 462 $ 33,148 $ 528 $ (373 ) $ 33,303 Available for Sale June 30, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value Obligations of U.S. Government Agencies $ 139,809 $ - $ (6,849 ) $ 132,960 Mortgage Backed Securities issued by U.S. Government Agencies 229,910 7 (6,687 ) 223,230 Obligations of States and Political Subdivisions 45,579 56 (750 ) 44,885 Corporate Debt Securities 13,061 156 (26 ) 13,191 $ 428,359 $ 219 $ (14,312 ) $ 414,266 Held to Maturity December 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value Obligations of States and Political Subdivisions $ 36,663 $ 666 $ (322 ) $ 37,007 Corporate Debt Securities 500 - (21 ) 479 $ 37,163 $ 666 $ (343 ) $ 37,486 Available for Sale December 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value Obligations of U.S. Government Agencies $ 140,090 $ 32 $ (4,242 ) $ 135,880 Mortgage Backed Securities issued by U.S. Government Agencies 248,649 3 (3,875 ) 244,777 Obligations of States and Political Subdivisions 37,308 48 (373 ) 36,983 Corporate Debt Securities 22,662 462 (41 ) 23,083 Equity Securities 2,044 49 - 2,093 $ 450,753 $ 594 $ (8,531 ) $ 442,816 The amortized cost and estimated market values of securities by contractual maturity as of June 30, 2018 may Held to Maturity Available for Sale Estimated Estimated Amortized Market Amortized Market Cost Value Cost Value Contractual maturity in 1 year or less $ 8,973 $ 9,005 $ 1,158 $ 1,157 After 1 year through five years 18,299 18,354 51,417 49,609 After 5 years through 10 years 5,150 5,256 107,420 102,147 After 10 years 726 688 38,454 38,123 Total 33,148 33,303 198,449 191,036 Mortgage Backed Securities - - 229,910 223,230 Total $ 33,148 $ 33,303 $ 428,359 $ 414,266 The investment securities portfolio is evaluated for impairment throughout the year. Impairment is recorded against individual securities, unless the decrease in fair value is attributable to interest rates or the lack of an active market, and Management determines that the Company does not not not may June 30, 2018 December 31, 2017. June 30, 2018 Less than 12 months 12 months or longer Total Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Obligations of United States Government Agencies $ 29,866 $ 949 $ 103,094 $ 5,900 $ 132,960 $ 6,849 Mortgage Backed Securities issued by U.S. Government Agencies 123,282 3,273 89,483 3,414 212,765 6,687 Obligations of States and Political Subdivisions 33,795 510 15,109 575 48,904 1,085 Corporate Debt Securities 2,496 64 - - 2,496 64 $ 189,439 $ 4,796 $ 207,686 $ 9,889 $ 397,125 $ 14,685 December 31, 2017 Less than 12 months 12 months or longer Total Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Obligations of United States Government Agencies $ 25,257 $ 286 $ 105,329 $ 3,956 $ 130,586 $ 4,242 Mortgage Backed Securities issued by U.S. Government Agencies 161,792 1,725 81,157 2,150 242,949 3,875 Obligations of States and Political Subdivisions 23,898 357 16,741 338 40,639 695 Corporate Debt Securities 4,560 39 2,009 23 6,569 62 $ 215,507 $ 2,407 $ 205,236 $ 6,467 $ 420,743 $ 8,874 The amount of investment securities issued by government agencies, states, and political subdivisions with unrealized losses and the amount of unrealized losses on those investment securities are primarily the result of market interest rates and not not not not may not June 30, 2018. June 30, 2018 December 31, 2017, 203 205 |
Note 7 - Fair Value of Financia
Note 7 - Fair Value of Financial Instruments | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] | 7. Fair value, as defined in ASC Topic 820, not not The Company utilizes fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Fair value is used on a recurring basis for Available for Sale Securities. Additionally, fair value is used on a non-recurring basis to evaluate assets or liabilities for impairment or for disclosure purposes. Examples of these non-recurring uses of fair value include certain loans held for sale accounted for on a lower of cost or market basis. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value. The Company applied the following fair value hierarchy: Level 1 1 Level 2 2 Level 3 3 The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis at June 30, 2018 December 31, 2017, Total Carrying Estimated June 30, 2018 Value Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and due from banks $ 14,986 $ 14,986 $ - $ - $ 14,986 Time Deposits in Other Banks 12,196 - 11,185 750 11,935 Securities - Held to Maturity Obligations of States and Political Subdivisions 32,648 - 1,999 30,842 32,841 Corporate Debt Securities 500 - 462 - 462 Securities - Available for Sale Obligations of U.S. Government Agencies 132,960 - 132,960 - 132,960 MBS issued by U.S. Government Agencies 223,230 - 223,230 - 223,230 Obligations of States and Political Subdivisions 44,885 - 44,885 - 44,885 Corporate Debt Securities 13,191 - 13,191 - 13,191 Equity Securities 6,194 2,046 4,148 - 6,194 Loans Held for Sale 334 - - 342 342 Loans, net 732,832 - - 675,276 675,276 Accrued Interest Receivable 4,288 - - 4,288 4,288 Financial Liabilities: Noninterest Bearing Deposits 292,534 292,534 - - 292,534 Interest Bearing Deposits 854,960 - 855,478 - 855,478 Borrowed funds FHLB Advances 30,000 - 29,879 - 29,879 Federal funds purchased 7,800 7,800 - - 7,800 Repurchase Agreements - - - - - Accrued Interest Payable 80 - - 80 80 Total Carrying Estimated December 31, 2017 Value Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and due from banks $ 53,010 $ 53,010 $ - $ - $ 53,010 Time Deposits in Other Banks 15,196 - 15,082 - 15,082 Securities - Held to Maturity Obligations of States and Political Subdivisions 36,663 - 2,407 34,600 37,007 Corporate Debt Securities 500 - 479 - 479 Securities - Available for Sale Obligations of U.S. Government Agencies 135,880 - 135,880 - 135,880 MBS issued by U.S. Government Agencies 244,777 - 244,777 - 244,777 Obligations of States and Political Subdivisions 36,983 - 36,983 - 36,983 Corporate Debt Securities 23,083 - 23,083 - 23,083 Equity Securities 2,093 2,093 - - 2,093 Federal Home Loan Bank Stock 4,148 - 4,148 - 4,148 Loans Held for Sale 346 - - 356 356 Loans, net 687,313 - - 657,684 657,684 Accrued Interest Receivable 4,169 - - 4,169 4,169 Financial Liabilities: Noninterest Bearing Deposits 299,838 299,838 - - 299,838 Interest Bearing Deposits 898,326 - 899,481 - 899,481 Accrued Interest Payable 61 - - 61 61 In instances where inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Company’s assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset. The Company’s assets with Level 3 June 30, 2018 December 31, 2017. not 3 Both observable and unobservable inputs may 3 may The Company also has assets that under certain conditions are subject to measurement at fair value on a nonrecurring basis. These assets include loans and Other Real Estate Owned. The Company estimated the fair values of these assets using Level 3 Assets measured at fair value on a nonrecurring basis are as follows ( 000s Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) June 30, 2018 Impaired loans $ - $ - $ 10,578 Other Real Estate Owned $ - $ - $ 394 December 31, 2017 Impaired loans $ - $ - $ 11,234 Other Real Estate Owned $ - $ - $ 1,412 Impaired loans categorized as Level 3 |
Note 8 - Financial Instruments
Note 8 - Financial Instruments With Off-balance Sheet Risk | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Fair Value of Off-Balance Sheet Risks Disclosure [Text Block] | 8. The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of condition. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for its other lending activities. Financial instruments whose contractual amounts represent off-balance sheet credit risk were as follows ( 000s Contractual Amount June 30, December 31, 2018 2017 Commitments to extend credit: Unused portion of commercial lines of credit $ 115,325 $ 103,080 Unused portion of credit card lines of credit 6,266 5,934 Unused portion of home equity lines of credit 33,552 30,368 Standby letters of credit and financial guarantees written 1,517 1,364 All other off-balance sheet commitments - - Commitments to extend credit are agreements to lend to a customer as long as there is no may not ten Standby letters of credit written are conditional commitments issued by the Bank to guarantee the performance of a customer to a third |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Company and its subsidiary. All material intercompany transactions and balances have been eliminated. |
Comprehensive Income, Policy [Policy Text Block] | COMPREHENSIVE INCOME Accounting principles generally require that revenue, expenses, gains, and losses be included in net income. Certain changes in assets and liabilities, however, such as unrealized gains and losses on securities available for sale and amounts recognized related to postretirement benefit plans (gains and losses, prior service costs, and transition assets or obligations), are reported as a direct adjustment to the equity section of the balance sheet. Such items, along with net income, are components of comprehensive income. |
Segment Reporting, Policy [Policy Text Block] | BUSINESS SEGMENTS While the Company's chief decision makers monitor the revenue streams of various products and services, operations are managed and financial performance is evaluated on a company wide basis. Accordingly, all of the Company’s operations are considered by management to be aggregated in one |
Fair Value Measurement, Policy [Policy Text Block] | FAIR VALUE The Company measures or monitors many of its assets and liabilities on a fair value basis. Fair value is used on a recurring basis for assets and liabilities that are elected to be accounted for under The Fair Value Option as well as for certain assets and liabilities in which fair value is the primary basis of accounting. Examples of these include derivative instruments and available for sale securities. Additionally, fair value is used on a non-recurring basis to evaluate assets or liabilities for impairment or for disclosure purposes. Examples of these non-recurring uses of fair value include certain loans held for sale accounted for on a lower of cost or market basis. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not not |
New Accounting Pronouncements, Policy [Policy Text Block] | ACCOUNTING PRONOUNCEMENTS The Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2014 09 2014 09 606 2014 09 2014 09 December 15, 2017 ( December 31, 2018 not 2014 09 January 1, 2018 not In June 2016, No. 2016 13, December 31, 2020. first December 15, 2018, In March 2017, No. 2017 08, 310 20 not December 15, 2018, not In January 2016, No. 2016 01, 825 10 2016 01 December 15, 2017. 2016 01 January 1, 2018 not |
Note 2 - Earnings Per Share (Ta
Note 2 - Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the three months ended June 30, For the six months ended June 30, 2018 2017 2018 2017 Basic Net income $ 4,945,000 $ 3,640,000 $ 8,847,000 $ 6,820,000 Average common shares outstanding 22,978,225 22,865,529 22,961,076 22,843,523 Earnings per common share - basic $ 0.22 $ 0.16 $ 0.39 $ 0.30 Diluted Net income $ 4,945,000 $ 3,640,000 $ 8,847,000 $ 6,820,000 Average common shares outstanding 22,978,225 22,865,529 22,961,076 22,843,523 Equity compensation 122,810 141,237 122,077 144,280 Average common shares outstanding - diluted 23,101,035 23,006,766 23,083,153 22,987,803 Earnings per common share - diluted $ 0.21 $ 0.16 $ 0.38 $ 0.30 |
Note 3 - Stock Based Compensa18
Note 3 - Stock Based Compensation (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block] | Weighted Average SOSARs Base Price SOSARs Outstanding, January 1, 2018 372,585 $ 6.82 Granted 105,000 10.45 Exercised (103,036 ) 4.30 Forfeited (4,336 ) 10.09 Expired - - SOSARs Outstanding, June 30, 2018 370,213 $ 8.51 SOSARs Exercisable, June 30, 2018 147,863 $ 5.76 |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, December 31, 2018 2017 Residential real estate loans $ 229,252 $ 222,014 Commercial and Construction real estate loans 293,321 293,202 Agriculture and agricultural real estate loans 23,124 21,231 Commercial and industrial loans 142,913 122,219 Loans to individuals for household, family, and other personal expenditures 52,176 36,313 Total loans, gross $ 740,786 $ 694,979 Less: Allowance for loan losses 7,958 7,666 Net Loans $ 732,828 $ 687,313 |
Schedule of Non-performing Assets [Table Text Block] | June 30, December 31, 2018 2017 Nonaccrual loans $ 3,360 $ 3,658 Loans 90 days past due and accruing - 3 Restructured loans 8,211 9,625 Total nonperforming loans $ 11,571 $ 13,286 Other real estate owned 394 1,412 Other assets - 40 Total nonperforming assets $ 11,965 $ 14,738 Nonperforming assets to total assets 0.91 % 1.09 % Allowance for loan losses to nonperforming loans 68.78 % 57.70 % |
Note 5 - Allowance For Loan L20
Note 5 - Allowance For Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: For the three months ended June 30, 2018 Beginning Balance $ 210 $ 1,397 $ 3,088 $ 461 $ 1,089 $ 1,640 $ 7,885 Charge-offs - - - - (51 ) - (51 ) Recoveries - 16 49 14 31 14 124 Provision 52 36 (188 ) (1 ) 73 28 - Ending balance $ 262 $ 1,449 $ 2,949 $ 474 $ 1,142 $ 1,682 $ 7,958 Allowance for loan losses: For the six months ended June 30, 2018 Beginning Balance $ 195 $ 1,443 $ 3,297 $ 491 $ 1,279 $ 961 $ 7,666 Charge-offs - - (3 ) - (58 ) (2 ) (63 ) Recoveries 2 31 289 34 73 26 455 Provision 65 (25 ) (634 ) (51 ) (152 ) 697 (100 ) Ending balance $ 262 $ 1,449 $ 2,949 $ 474 $ 1,142 $ 1,682 $ 7,958 Allowance for loan losses as of June 30, 2018 Ending balance individually evaluated for impairment $ - $ 141 $ 223 $ 347 $ 128 $ 196 $ 1,035 Ending balance collectively evaluated for impairment 262 1,308 2,726 127 1,014 1,486 6,923 Ending balance $ 262 $ 1,449 $ 2,949 $ 474 $ 1,142 $ 1,682 $ 7,958 Loans as of June 30, 2018 Ending balance individually evaluated for impairment $ 1,133 $ 254 $ 3,732 $ 1,562 $ 4,516 $ 416 $ 11,613 Ending balance collectively evaluated for impairment 21,991 142,659 266,360 21,667 224,736 51,760 729,173 Ending balance $ 23,124 $ 142,913 $ 270,092 $ 23,229 $ 229,252 $ 52,176 $ 740,786 Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: For the three months ended June 30, 2017 Beginning Balance $ 200 $ 1,579 $ 3,438 $ 534 $ 1,570 $ 1,013 $ 8,334 Charge-offs - - (384 ) - - (12 ) (396 ) Recoveries - 42 37 13 92 15 199 Provision 120 (125 ) 268 (6 ) (264 ) 7 - Ending balance $ 320 $ 1,496 $ 3,359 $ 541 $ 1,398 $ 1,023 $ 8,137 Allowance for loan losses: For the six months ended June 30, 2017 Beginning Balance $ 201 $ 1,632 $ 3,336 $ 525 $ 1,599 $ 1,165 $ 8,458 Charge-offs - - (409 ) - (50 ) (49 ) (508 ) Recoveries 3 98 74 26 146 40 387 Provision 116 (234 ) 358 (10 ) (297 ) (133 ) (200 ) Ending balance $ 320 $ 1,496 $ 3,359 $ 541 $ 1,398 $ 1,023 $ 8,137 Allowance for loan losses as of June 30, 2017 Ending balance individually evaluated for impairment $ - $ 143 $ 44 $ 374 $ 221 $ 181 $ 963 Ending balance collectively evaluated for impairment 320 1,353 3,315 167 1,177 842 7,174 Ending balance $ 320 $ 1,496 $ 3,359 $ 541 $ 1,398 $ 1,023 $ 8,137 Loans as of June 30, 2017 Ending balance individually evaluated for impairment $ 1,209 $ 286 $ 3,025 $ 1,689 $ 6,101 $ 442 $ 12,752 Ending balance collectively evaluated for impairment 21,480 119,764 260,365 21,822 207,547 39,019 669,997 Ending balance $ 22,689 $ 120,050 $ 263,390 $ 23,511 $ 213,648 $ 39,461 $ 682,749 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Not Rated $ 441 $ 1,621 $ 267 $ 11,509 $ 142,604 $ 46,545 $ 202,987 10 - 6,757 - - - - 6,757 20 281 116 218 - - - 615 30 584 36,651 22,142 - 1,201 3,767 64,345 40 15,883 89,358 211,981 7,048 76,395 1,839 402,504 45 1,485 3,145 15,399 1,484 2,657 - 24,170 50 1,836 3,654 13,142 1,626 2,509 3 22,770 55 1,518 1,407 2,242 1,519 796 - 7,482 60 1,096 204 4,701 43 3,090 22 9,156 70 - - - - - - - 80 - - - - - - - 90 - - - - - - - Total $ 23,124 $ 142,913 $ 270,092 $ 23,229 $ 229,252 $ 52,176 $ 740,786 Performing $ 22,440 $ 142,635 $ 267,084 $ 21,667 $ 223,645 $ 51,744 $ 729,215 Nonperforming 684 278 3,008 1,562 5,607 432 11,571 Total $ 23,124 $ 142,913 $ 270,092 $ 23,229 $ 229,252 $ 52,176 $ 740,786 Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Not Rated $ - $ 1,341 $ 160 $ 13,903 $ 135,311 $ 30,359 $ 181,074 10 - 6,870 - - - - 6,870 20 281 293 353 - - - 927 30 503 29,655 6,300 - 941 3,972 41,371 40 14,819 76,792 223,468 4,857 72,634 1,947 394,517 45 1,414 2,391 12,244 1,528 5,363 - 22,940 50 1,864 3,778 21,802 1,667 3,590 6 32,707 55 1,441 594 1,857 1,537 867 2 6,298 60 909 505 3,460 66 3,308 27 8,275 70 - - - - - - - 80 - - - - - - - 90 - - - - - - - Total $ 21,231 $ 122,219 $ 269,644 $ 23,558 $ 222,014 $ 36,313 $ 694,979 Performing $ 20,665 $ 121,768 $ 265,801 $ 21,955 $ 215,643 $ 35,861 $ 681,693 Nonperforming 566 451 3,843 1,603 6,371 452 13,286 Total $ 21,231 $ 122,219 $ 269,644 $ 23,558 $ 222,014 $ 36,313 $ 694,979 |
Past Due Financing Receivables [Table Text Block] | June 30, 2018 30-59 Days Past Due 60-89 Days Past Due >90 Days Past Due Total Past Due Current Total Loans Recorded Investment >90 Days Past Due and Accruing Agriculture and Agricultural Real Estate $ 353 $ - $ 80 $ 433 $ 22,691 $ 23,124 $ - Commercial 172 2 - $ 174 142,739 142,913 - Commercial Real Estate 2,100 855 72 3,027 267,065 270,092 - Construction Real Estate 31 - - 31 23,198 23,229 - Residential Real Estate 1,258 228 921 2,407 226,845 229,252 - Consumer and Other 26 - - 26 52,150 52,176 - Total $ 3,940 $ 1,085 $ 1,073 $ 6,098 $ 734,688 $ 740,786 $ - December 31, 2017 30-59 Days Past Due 60-89 Days Past Due >90 Days Past Due Total Past Due Current Total Loans Recorded Investment >90 Days Past Due and Accruing Agriculture and Agricultural Real Estate $ - $ - $ - $ - $ 21,231 $ 21,231 $ - Commercial 111 8 5 124 122,095 122,219 3 Commercial Real Estate 834 783 56 1,673 267,971 269,644 - Construction Real Estate 17 - - 17 23,541 23,558 - Residential Real Estate 1,361 58 871 2,290 219,724 222,014 - Consumer and Other 55 2 - 57 36,256 36,313 - Total $ 2,378 $ 851 $ 932 $ 4,161 $ 690,818 $ 694,979 $ 3 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | June 30, 2018 December 31, 2017 Agriculture and Agricultural Real Estate $ 124 $ - Commercial 82 243 Commercial Real Estate 1,585 1,580 Construction Real Estate 11 33 Residential Real Estate 1,542 1,783 Consumer and Other 16 19 Total $ 3,360 $ 3,658 |
Impaired Financing Receivables [Table Text Block] | June 30, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment for the Three Months Ended Interest Income Recognized in the Three Months Ended Average Recorded Investment for the Six Months Ended Interest Income Recognized in the Six Months Ended With no related allowance recorded: Agriculture and Agricultural Real Estate $ 895 $ 891 $ - $ 878 $ 12 $ 912 $ 23 Commercial - - - - - - - Commercial Real Estate 1,753 1,817 - 1,708 18 1,706 38 Construction Real Estate - - - - - - - Residential Real Estate 3,874 4,059 - 3,986 52 4,103 104 Consumer and Other 79 80 - 81 1 82 3 With an allowance recorded: Agriculture and Agricultural Real Estate 238 237 - 238 3 239 6 Commercial 254 260 141 261 3 264 6 Commercial Real Estate 1,979 2,025 223 2,046 27 2,055 59 Construction Real Estate 1,562 1,595 347 1,585 18 1,591 37 Residential Real Estate 642 653 128 655 8 657 15 Consumer and Other 337 337 196 340 3 342 7 Total: Agriculture and Agricultural Real Estate $ 1,133 $ 1,128 $ - $ 1,116 $ 15 $ 1,151 $ 29 Commercial 254 260 141 261 3 264 6 Commercial Real Estate 3,732 3,842 223 3,754 45 3,761 97 Construction Real Estate 1,562 1,595 347 1,585 18 1,591 37 Residential Real Estate 4,516 4,712 128 4,641 60 4,760 119 Consumer and Other 416 417 196 421 4 424 10 Total $ 11,613 $ 11,954 $ 1,035 $ 11,778 $ 145 $ 11,951 $ 298 Recorded Investment as of December 31, 2017 Unpaid Principal Balance as of December 31, 2017 Related Allowance as of December 31, 2017 Average Recorded Investment for the Three Months Ended June 30, 2017 Interest Income Recognized in the Three Months Ended June 30, 2017 Average Recorded Investment for the Six Months Ended June 30, 2017 Interest Income Recognized in the Six Months Ended June 30, 2017 With no related allowance recorded: Agriculture and Agricultural Real Estate $ 829 $ 826 $ - $ 1,215 $ 14 $ 1,217 $ 28 Commercial - - - 62 1 64 1 Commercial Real Estate 1,977 2,034 - 1,278 - 1,288 19 Construction Real Estate 17 21 - 154 2 156 4 Residential Real Estate 3,757 3,935 - 4,540 47 4,570 107 Consumer and Other 30 30 - 1 - 1 - With an allowance recorded: Agriculture and Agricultural Real Estate 241 240 1 - - - - Commercial 265 268 148 253 2 272 5 Commercial Real Estate 1,776 1,783 219 1,776 18 1,787 37 Construction Real Estate 1,586 1,619 360 1,560 18 1,564 36 Residential Real Estate 1,464 1,515 177 1,802 18 1,809 35 Consumer and Other 402 403 205 445 5 449 10 Total: Agriculture and Agricultural Real Estate $ 1,070 $ 1,066 $ 1 $ 1,215 $ 14 $ 1,217 $ 28 Commercial 265 268 148 315 3 336 6 Commercial Real Estate 3,753 3,817 219 3,054 18 3,075 56 Construction Real Estate 1,603 1,640 360 1,714 20 1,720 40 Residential Real Estate 5,221 5,450 177 6,342 65 6,379 142 Consumer and Other 432 433 205 446 5 450 10 Total $ 12,344 $ 12,674 $ 1,110 $ 13,086 $ 125 $ 13,177 $ 282 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | Three months ended Six months ended June 30, 2018 June 30, 2018 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - $ - - $ - $ - Commercial - - - - - - Commercial Real Estate - - - 1 283 282 Construction Real Estate - - - - - - Residential Real Estate 1 22 - 2 172 150 Consumer and Other - - - - - - Total 1 $ 22 $ - 3 $ 455 $ 432 Three months ended Six months ended June 30, 2017 June 30, 2017 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - $ - - $ - $ - Commercial - - - 2 29 29 Commercial Real Estate 1 280 279 3 353 332 Construction Real Estate - - - - - - Residential Real Estate - - - 3 212 180 Consumer and Other - - - 1 1 - Total 1 $ 280 $ 279 9 $ 595 $ 541 |
Troubled Debt Restructurings on Financing Receivables Default [Table Text Block] | Six months ended Six months ended June 30, 2018 June 30, 2017 Number of Contracts Recorded Principal Balance Number of Contracts Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - - $ - Commercial - - - - Commercial Real Estate - - - - Construction Real Estate - - - - Residential Real Estate - - - - Consumer and Other - - - - Total - $ - - $ - |
Note 6 - Investment Securities
Note 6 - Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Debt Securities, Held-to-maturity [Table Text Block] | Held to Maturity June 30, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value Obligations of States and Political Subdivisions $ 32,648 $ 528 $ (335 ) $ 32,841 Corporate Debt Securities 500 - (38 ) 462 $ 33,148 $ 528 $ (373 ) $ 33,303 Held to Maturity December 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value Obligations of States and Political Subdivisions $ 36,663 $ 666 $ (322 ) $ 37,007 Corporate Debt Securities 500 - (21 ) 479 $ 37,163 $ 666 $ (343 ) $ 37,486 |
Available-for-sale Securities [Table Text Block] | Available for Sale June 30, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value Obligations of U.S. Government Agencies $ 139,809 $ - $ (6,849 ) $ 132,960 Mortgage Backed Securities issued by U.S. Government Agencies 229,910 7 (6,687 ) 223,230 Obligations of States and Political Subdivisions 45,579 56 (750 ) 44,885 Corporate Debt Securities 13,061 156 (26 ) 13,191 $ 428,359 $ 219 $ (14,312 ) $ 414,266 Available for Sale December 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value Obligations of U.S. Government Agencies $ 140,090 $ 32 $ (4,242 ) $ 135,880 Mortgage Backed Securities issued by U.S. Government Agencies 248,649 3 (3,875 ) 244,777 Obligations of States and Political Subdivisions 37,308 48 (373 ) 36,983 Corporate Debt Securities 22,662 462 (41 ) 23,083 Equity Securities 2,044 49 - 2,093 $ 450,753 $ 594 $ (8,531 ) $ 442,816 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Held to Maturity Available for Sale Estimated Estimated Amortized Market Amortized Market Cost Value Cost Value Contractual maturity in 1 year or less $ 8,973 $ 9,005 $ 1,158 $ 1,157 After 1 year through five years 18,299 18,354 51,417 49,609 After 5 years through 10 years 5,150 5,256 107,420 102,147 After 10 years 726 688 38,454 38,123 Total 33,148 33,303 198,449 191,036 Mortgage Backed Securities - - 229,910 223,230 Total $ 33,148 $ 33,303 $ 428,359 $ 414,266 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Less than 12 months 12 months or longer Total Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Obligations of United States Government Agencies $ 29,866 $ 949 $ 103,094 $ 5,900 $ 132,960 $ 6,849 Mortgage Backed Securities issued by U.S. Government Agencies 123,282 3,273 89,483 3,414 212,765 6,687 Obligations of States and Political Subdivisions 33,795 510 15,109 575 48,904 1,085 Corporate Debt Securities 2,496 64 - - 2,496 64 $ 189,439 $ 4,796 $ 207,686 $ 9,889 $ 397,125 $ 14,685 Less than 12 months 12 months or longer Total Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Aggregate Fair Value Gross Unrealized Losses Obligations of United States Government Agencies $ 25,257 $ 286 $ 105,329 $ 3,956 $ 130,586 $ 4,242 Mortgage Backed Securities issued by U.S. Government Agencies 161,792 1,725 81,157 2,150 242,949 3,875 Obligations of States and Political Subdivisions 23,898 357 16,741 338 40,639 695 Corporate Debt Securities 4,560 39 2,009 23 6,569 62 $ 215,507 $ 2,407 $ 205,236 $ 6,467 $ 420,743 $ 8,874 |
Note 7 - Fair Value of Financ22
Note 7 - Fair Value of Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Total Carrying Estimated June 30, 2018 Value Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and due from banks $ 14,986 $ 14,986 $ - $ - $ 14,986 Time Deposits in Other Banks 12,196 - 11,185 750 11,935 Securities - Held to Maturity Obligations of States and Political Subdivisions 32,648 - 1,999 30,842 32,841 Corporate Debt Securities 500 - 462 - 462 Securities - Available for Sale Obligations of U.S. Government Agencies 132,960 - 132,960 - 132,960 MBS issued by U.S. Government Agencies 223,230 - 223,230 - 223,230 Obligations of States and Political Subdivisions 44,885 - 44,885 - 44,885 Corporate Debt Securities 13,191 - 13,191 - 13,191 Equity Securities 6,194 2,046 4,148 - 6,194 Loans Held for Sale 334 - - 342 342 Loans, net 732,832 - - 675,276 675,276 Accrued Interest Receivable 4,288 - - 4,288 4,288 Financial Liabilities: Noninterest Bearing Deposits 292,534 292,534 - - 292,534 Interest Bearing Deposits 854,960 - 855,478 - 855,478 Borrowed funds FHLB Advances 30,000 - 29,879 - 29,879 Federal funds purchased 7,800 7,800 - - 7,800 Repurchase Agreements - - - - - Accrued Interest Payable 80 - - 80 80 Total Carrying Estimated December 31, 2017 Value Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and due from banks $ 53,010 $ 53,010 $ - $ - $ 53,010 Time Deposits in Other Banks 15,196 - 15,082 - 15,082 Securities - Held to Maturity Obligations of States and Political Subdivisions 36,663 - 2,407 34,600 37,007 Corporate Debt Securities 500 - 479 - 479 Securities - Available for Sale Obligations of U.S. Government Agencies 135,880 - 135,880 - 135,880 MBS issued by U.S. Government Agencies 244,777 - 244,777 - 244,777 Obligations of States and Political Subdivisions 36,983 - 36,983 - 36,983 Corporate Debt Securities 23,083 - 23,083 - 23,083 Equity Securities 2,093 2,093 - - 2,093 Federal Home Loan Bank Stock 4,148 - 4,148 - 4,148 Loans Held for Sale 346 - - 356 356 Loans, net 687,313 - - 657,684 657,684 Accrued Interest Receivable 4,169 - - 4,169 4,169 Financial Liabilities: Noninterest Bearing Deposits 299,838 299,838 - - 299,838 Interest Bearing Deposits 898,326 - 899,481 - 899,481 Accrued Interest Payable 61 - - 61 61 |
Fair Value Measurements, Nonrecurring [Table Text Block] | Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) June 30, 2018 Impaired loans $ - $ - $ 10,578 Other Real Estate Owned $ - $ - $ 394 December 31, 2017 Impaired loans $ - $ - $ 11,234 Other Real Estate Owned $ - $ - $ 1,412 |
Note 8 - Financial Instrument23
Note 8 - Financial Instruments With Off-balance Sheet Risk (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | Contractual Amount June 30, December 31, 2018 2017 Commitments to extend credit: Unused portion of commercial lines of credit $ 115,325 $ 103,080 Unused portion of credit card lines of credit 6,266 5,934 Unused portion of home equity lines of credit 33,552 30,368 Standby letters of credit and financial guarantees written 1,517 1,364 All other off-balance sheet commitments - - |
Note 1 - Basis of Presentatio24
Note 1 - Basis of Presentation and Accounting Policies (Details Textual) | 6 Months Ended |
Jun. 30, 2018 | |
Number of Reportable Segments | 1 |
Monroe County, Michigan [Member] | |
Number of Stores | 14 |
Wayne County, Michigan [Member] | |
Number of Stores | 6 |
Number of Loan and Wealth Management Offices | 1 |
Note 2 - Earnings Per Share - C
Note 2 - Earnings Per Share - Calculations of Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Net Income | $ 4,945 | $ 3,640 | $ 8,847 | $ 6,820 |
Average common shares outstanding (in shares) | 22,978,225 | 22,865,529 | 22,961,076 | 22,843,523 |
Earnings per common share - basic (in dollars per share) | $ 0.22 | $ 0.16 | $ 0.39 | $ 0.30 |
Net income | $ 4,945 | $ 3,640 | $ 8,847 | $ 6,820 |
Equity compensation (in shares) | 122,810 | 141,237 | 122,077 | 144,280 |
Average common shares outstanding - diluted (in shares) | 23,101,035 | 23,006,766 | 23,083,153 | 22,987,803 |
Earnings per common share - diluted (in dollars per share) | $ 0.21 | $ 0.16 | $ 0.38 | $ 0.30 |
Note 3 - Stock Based Compensa26
Note 3 - Stock Based Compensation (Details Textual) - USD ($) | Feb. 22, 2018 | Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 |
Share Price | $ 10.45 | $ 10.65 | $ 10.65 | ||
Allocated Share-based Compensation Expense, Total | $ 156,000 | $ 162,000 | $ 392,000 | $ 293,000 | |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total | 795,000 | $ 795,000 | |||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 284 days | ||||
Executive Officer [Member] | Stock Incentive Plan 2008 [Member] | |||||
Restricted Stock Units, Number of Shares of Common Stock Per RSU | 1 | ||||
Stock Appreciation Rights (SARs) [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | 105,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 2.36 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 720,000 | $ 720,000 | |||
Shares, Issued, Ending Balance | 67,892 | 67,892 | |||
Stock Appreciation Rights (SARs) [Member] | Stock Incentive Plan 2008 [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 7 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 23.64% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 2.86% | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 2.18% | ||||
Stock Appreciation Rights (SARs) [Member] | Certain Officers [Member] | Stock Incentive Plan 2008 [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | 105,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period | 10 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 3 years | ||||
Stock Appreciation Rights (SARs) [Member] | Executive Officer [Member] | Stock Incentive Plan 2008 [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 21,500 | ||||
Restricted Stock Units (RSUs) [Member] | Stock Incentive Plan 2008 [Member] | |||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 39,000 | $ 39,000 | |||
Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Stock Incentive Plan 2008 [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period | 2 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance | $ 10.45 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | 0 | ||||
Restricted Stock Units (RSUs) [Member] | Non-executive Members of Board of Directors [Member] | Stock Incentive Plan 2008 [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 10.45 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 7,500 |
Note 3 - Stock Based Compensa27
Note 3 - Stock Based Compensation - SOSARs Activity (Details) - Stock Appreciation Rights (SARs) [Member] | 6 Months Ended |
Jun. 30, 2018$ / sharesshares | |
SOSARs Outstanding, January 1, 2018 (in shares) | shares | 372,585 |
SOSARs Outstanding, January 1, 2018 (in dollars per share) | $ / shares | $ 6.82 |
Granted (in shares) | shares | 105,000 |
Granted (in dollars per share) | $ / shares | $ 10.45 |
Exercised (in shares) | shares | (103,036) |
Exercised (in dollars per share) | $ / shares | $ 4.30 |
Forfeited (in shares) | shares | (4,336) |
Forfeited (in dollars per share) | $ / shares | $ 10.09 |
Expired (in shares) | shares | |
Expired (in dollars per share) | $ / shares | |
SOSARs Outstanding, June 30, 2018 (in shares) | shares | 370,213 |
SOSARs Outstanding, June 30, 2018 (in dollars per share) | $ / shares | $ 8.51 |
SOSARs Exercisable, June 30, 2018 (in shares) | shares | 147,863 |
SOSARs Exercisable, June 30, 2018 (in dollars per share) | $ / shares | $ 5.76 |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) | 6 Months Ended |
Jun. 30, 2018USD ($) | |
Impairment Review Minimum Amount Threshold | $ 250,000 |
Note 4 - Loans - Loans Receivab
Note 4 - Loans - Loans Receivable Outstanding (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 |
Loans | $ 740,786 | $ 694,979 | $ 682,749 |
Less: Allowance for loan losses | 7,958 | 7,666 | |
Net Loans | 732,828 | 687,313 | |
Residential Portfolio Segment [Member] | |||
Loans | 229,252 | 222,014 | 213,648 |
Commercial and Construction Real Estate Portfolio Segment [Member] | |||
Loans | 293,321 | 293,202 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Loans | 23,124 | 21,231 | 22,689 |
Commercial and Industrial Portfolio Segment [Member] | |||
Loans | 142,913 | 122,219 | |
Consumer and Other Portfolio Segment [Member] | |||
Loans | $ 52,176 | $ 36,313 | $ 39,461 |
Note 4 - Loans - Nonperforming
Note 4 - Loans - Nonperforming Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 |
Non-accrual loans | $ 3,360 | $ 3,658 | |
Loans 90 days past due and accruing | 3 | ||
Total nonperforming loans | 740,786 | 694,979 | $ 682,749 |
Other real estate owned | 394 | 1,412 | |
Total nonperforming assets | 1,321,885 | 1,347,420 | |
Nonperforming Financial Instruments [Member] | |||
Non-accrual loans | 3,360 | 3,658 | |
Loans 90 days past due and accruing | 3 | ||
Restructured loans | 8,211 | 9,625 | |
Total nonperforming loans | 11,571 | 13,286 | |
Other real estate owned | 394 | 1,412 | |
Other assets | 40 | ||
Total nonperforming assets | $ 11,965 | $ 14,738 | |
Nonperforming assets to total assets | 0.91% | 1.09% | |
Allowance for loan losses to nonperforming loans | 68.78% | 57.70% |
Note 5 - Allowance For Loan L31
Note 5 - Allowance For Loan Losses (Details Textual) - USD ($) | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Financing Receivable, Allowance for Credit Losses, Ending Balance | $ 7,958,000 | $ 7,885,000 | $ 7,666,000 | $ 8,137,000 | $ 8,334,000 | $ 8,458,000 |
Loans and Leases Receivable, Impaired, Commitment to Lend | 0 | $ 0 | ||||
Troubled Debt Restructuring [Member] | ||||||
Financing Receivable, Allowance for Credit Losses, Ending Balance | $ 954,000 |
Note 5 - Allowance For Loan L32
Note 5 - Allowance For Loan Losses - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | |
Balance | $ 7,885 | $ 8,334 | $ 7,666 | $ 8,458 | |||
Charge-offs | (51) | (396) | (63) | (508) | |||
Recoveries | 124 | 199 | 455 | 387 | |||
Recovery Of Loan Losses | (100) | (200) | |||||
Balance | 7,958 | 8,137 | 7,958 | 8,137 | |||
Ending balance individually evaluated for impairment | $ 1,035 | $ 963 | |||||
Ending balance collectively evaluated for impairment | 6,923 | 7,174 | |||||
Ending balance | 7,885 | 8,334 | 7,958 | 8,137 | 7,958 | $ 7,666 | 8,137 |
Ending balance individually evaluated for impairment | 11,613 | 12,752 | |||||
Ending balance collectively evaluated for impairment | 729,173 | 669,997 | |||||
Loans | 740,786 | 694,979 | 682,749 | ||||
Charge-offs | (51) | (396) | (63) | (508) | |||
Recoveries | 124 | 199 | 455 | 387 | |||
Recovery of loan losses | (100) | (200) | |||||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||||||
Balance | 210 | 200 | 195 | 201 | |||
Charge-offs | |||||||
Recoveries | 2 | 3 | |||||
Recovery Of Loan Losses | 52 | 120 | 65 | 116 | |||
Balance | 262 | 320 | 262 | 320 | |||
Ending balance individually evaluated for impairment | |||||||
Ending balance collectively evaluated for impairment | 262 | 320 | |||||
Ending balance | 210 | 200 | 262 | 320 | 262 | 195 | 320 |
Ending balance individually evaluated for impairment | 1,133 | 1,209 | |||||
Ending balance collectively evaluated for impairment | 21,991 | 21,480 | |||||
Loans | 23,124 | 21,231 | 22,689 | ||||
Charge-offs | |||||||
Recoveries | 2 | 3 | |||||
Recovery of loan losses | 52 | 120 | 65 | 116 | |||
Commercial Portfolio Segment [Member] | |||||||
Balance | 1,397 | 1,579 | 1,443 | 1,632 | |||
Charge-offs | |||||||
Recoveries | 16 | 42 | 31 | 98 | |||
Recovery Of Loan Losses | 36 | (125) | (25) | (234) | |||
Balance | 1,449 | 1,496 | 1,449 | 1,496 | |||
Ending balance individually evaluated for impairment | 141 | 143 | |||||
Ending balance collectively evaluated for impairment | 1,308 | 1,353 | |||||
Ending balance | 1,397 | 1,579 | 1,449 | 1,496 | 1,449 | 1,443 | 1,496 |
Ending balance individually evaluated for impairment | 254 | 286 | |||||
Ending balance collectively evaluated for impairment | 142,659 | 119,764 | |||||
Loans | 142,913 | 122,219 | 120,050 | ||||
Charge-offs | |||||||
Recoveries | 16 | 42 | 31 | 98 | |||
Recovery of loan losses | 36 | (125) | (25) | (234) | |||
Commercial Real Estate Portfolio Segment [Member] | |||||||
Balance | 3,088 | 3,438 | 3,297 | 3,336 | |||
Charge-offs | (384) | (3) | (409) | ||||
Recoveries | 49 | 37 | 289 | 74 | |||
Recovery Of Loan Losses | (188) | 268 | (634) | 358 | |||
Balance | 2,949 | 3,359 | 2,949 | 3,359 | |||
Ending balance individually evaluated for impairment | 223 | 44 | |||||
Ending balance collectively evaluated for impairment | 2,726 | 3,315 | |||||
Ending balance | 3,088 | 3,438 | 2,949 | 3,359 | 2,949 | 3,297 | 3,359 |
Ending balance individually evaluated for impairment | 3,732 | 3,025 | |||||
Ending balance collectively evaluated for impairment | 266,360 | 260,365 | |||||
Loans | 270,092 | 269,644 | 263,390 | ||||
Charge-offs | (384) | (3) | (409) | ||||
Recoveries | 49 | 37 | 289 | 74 | |||
Recovery of loan losses | (188) | 268 | (634) | 358 | |||
Construction Real Estate Portfolio Segment [Member] | |||||||
Balance | 461 | 534 | 491 | 525 | |||
Charge-offs | |||||||
Recoveries | 14 | 13 | 34 | 26 | |||
Recovery Of Loan Losses | (1) | (6) | (51) | (10) | |||
Balance | 474 | 541 | 474 | 541 | |||
Ending balance individually evaluated for impairment | 347 | 374 | |||||
Ending balance collectively evaluated for impairment | 127 | 167 | |||||
Ending balance | 461 | 534 | 474 | 541 | 474 | 491 | 541 |
Ending balance individually evaluated for impairment | 1,562 | 1,689 | |||||
Ending balance collectively evaluated for impairment | 21,667 | 21,822 | |||||
Loans | 23,229 | 23,558 | 23,511 | ||||
Charge-offs | |||||||
Recoveries | 14 | 13 | 34 | 26 | |||
Recovery of loan losses | (1) | (6) | (51) | (10) | |||
Residential Portfolio Segment [Member] | |||||||
Balance | 1,089 | 1,570 | 1,279 | 1,599 | |||
Charge-offs | (51) | (58) | (50) | ||||
Recoveries | 31 | 92 | 73 | 146 | |||
Recovery Of Loan Losses | 73 | (264) | (152) | (297) | |||
Balance | 1,142 | 1,398 | 1,142 | 1,398 | |||
Ending balance individually evaluated for impairment | 128 | 221 | |||||
Ending balance collectively evaluated for impairment | 1,014 | 1,177 | |||||
Ending balance | 1,089 | 1,570 | 1,142 | 1,398 | 1,142 | 1,279 | 1,398 |
Ending balance individually evaluated for impairment | 4,516 | 6,101 | |||||
Ending balance collectively evaluated for impairment | 224,736 | 207,547 | |||||
Loans | 229,252 | 222,014 | 213,648 | ||||
Charge-offs | (51) | (58) | (50) | ||||
Recoveries | 31 | 92 | 73 | 146 | |||
Recovery of loan losses | 73 | (264) | (152) | (297) | |||
Consumer and Other Portfolio Segment [Member] | |||||||
Balance | 1,640 | 1,013 | 961 | 1,165 | |||
Charge-offs | (12) | (2) | (49) | ||||
Recoveries | 14 | 15 | 26 | 40 | |||
Recovery Of Loan Losses | 28 | 7 | 697 | (133) | |||
Balance | 1,682 | 1,023 | 1,682 | 1,023 | |||
Ending balance individually evaluated for impairment | 196 | 181 | |||||
Ending balance collectively evaluated for impairment | 1,486 | 842 | |||||
Ending balance | 1,640 | 1,013 | 1,682 | 1,023 | 1,682 | 961 | 1,023 |
Ending balance individually evaluated for impairment | 416 | 442 | |||||
Ending balance collectively evaluated for impairment | 51,760 | 39,019 | |||||
Loans | $ 52,176 | $ 36,313 | $ 39,461 | ||||
Charge-offs | (12) | (2) | (49) | ||||
Recoveries | 14 | 15 | 26 | 40 | |||
Recovery of loan losses | $ 28 | $ 7 | $ 697 | $ (133) |
Note 5 - Allowance For Loan L33
Note 5 - Allowance For Loan Losses - Credit Risk by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 |
Loans | $ 740,786 | $ 694,979 | $ 682,749 |
Performing Financial Instruments [Member] | |||
Loans | 729,215 | 681,693 | |
Nonperforming Financial Instruments [Member] | |||
Loans | 11,571 | 13,286 | |
Not Rated [Member] | |||
Loans | 202,987 | 181,074 | |
Risk Grade Rating 1 [Member] | |||
Loans | 6,757 | 6,870 | |
Risk Rating Grade 2 [Member] | |||
Loans | 615 | 927 | |
Risk Grade Rating 3 [Member] | |||
Loans | 64,345 | 41,371 | |
Risk Grade Rating 4 [Member] | |||
Loans | 402,504 | 394,517 | |
Risk Grade Rating 4.5 [Member] | |||
Loans | 24,170 | 22,940 | |
Risk Grade Rating 5 [Member] | |||
Loans | 22,770 | 32,707 | |
Risk Grade Rating 5.5 [Member] | |||
Loans | 7,482 | 6,298 | |
Risk Grade Rating 6 [Member] | |||
Loans | 9,156 | 8,275 | |
Risk Grade Rating 7 [Member] | |||
Loans | |||
Risk Grade Rating 8 [Member] | |||
Loans | |||
Risk Grade Rating 9 [Member] | |||
Loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Loans | 23,124 | 21,231 | 22,689 |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 22,440 | 20,665 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 684 | 566 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 441 | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | 281 | 281 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 584 | 503 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 15,883 | 14,819 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 1,485 | 1,414 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 1,836 | 1,864 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 1,518 | 1,441 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 1,096 | 909 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans | |||
Commercial Portfolio Segment [Member] | |||
Loans | 142,913 | 122,219 | 120,050 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 142,635 | 121,768 | |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 278 | 451 | |
Commercial Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 1,621 | 1,341 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | 6,757 | 6,870 | |
Commercial Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | 116 | 293 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 36,651 | 29,655 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 89,358 | 76,792 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 3,145 | 2,391 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 3,654 | 3,778 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 1,407 | 594 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 204 | 505 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Loans | |||
Commercial Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Loans | |||
Commercial Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans | |||
Commercial Real Estate Portfolio Segment [Member] | |||
Loans | 270,092 | 269,644 | 263,390 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 267,084 | 265,801 | |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 3,008 | 3,843 | |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 267 | 160 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | |||
Commercial Real Estate Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | 218 | 353 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 22,142 | 6,300 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 211,981 | 223,468 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 15,399 | 12,244 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 13,142 | 21,802 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 2,242 | 1,857 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 4,701 | 3,460 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Loans | |||
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Loans | |||
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | |||
Loans | 23,229 | 23,558 | 23,511 |
Construction Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 21,667 | 21,955 | |
Construction Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 1,562 | 1,603 | |
Construction Real Estate Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 11,509 | 13,903 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 7,048 | 4,857 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 1,484 | 1,528 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 1,626 | 1,667 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 1,519 | 1,537 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 43 | 66 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans | |||
Residential Portfolio Segment [Member] | |||
Loans | 229,252 | 222,014 | 213,648 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 223,645 | 215,643 | |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 5,607 | 6,371 | |
Residential Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 142,604 | 135,311 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | |||
Residential Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | |||
Residential Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 1,201 | 941 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 76,395 | 72,634 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 2,657 | 5,363 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 2,509 | 3,590 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 796 | 867 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 3,090 | 3,308 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Loans | |||
Residential Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Loans | |||
Residential Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | |||
Loans | 52,176 | 36,313 | $ 39,461 |
Consumer and Other Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 51,744 | 35,861 | |
Consumer and Other Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 432 | 452 | |
Consumer and Other Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 46,545 | 30,359 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 3,767 | 3,972 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 1,839 | 1,947 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 3 | 6 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 2 | ||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 22 | 27 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans |
Note 5 - Allowance For Loan L34
Note 5 - Allowance For Loan Losses - Past Due Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 |
Past due | $ 6,098 | $ 4,161 | |
Current | 734,688 | 690,818 | |
Loans | 740,786 | 694,979 | $ 682,749 |
Loans 90 days past due and accruing | 3 | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 433 | ||
Current | 22,691 | 21,231 | |
Loans | 23,124 | 21,231 | 22,689 |
Loans 90 days past due and accruing | |||
Commercial Portfolio Segment [Member] | |||
Past due | 174 | 124 | |
Current | 142,739 | 122,095 | |
Loans | 142,913 | 122,219 | 120,050 |
Loans 90 days past due and accruing | 3 | ||
Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 3,027 | 1,673 | |
Current | 267,065 | 267,971 | |
Loans | 270,092 | 269,644 | 263,390 |
Loans 90 days past due and accruing | |||
Construction Real Estate Portfolio Segment [Member] | |||
Past due | 31 | 17 | |
Current | 23,198 | 23,541 | |
Loans | 23,229 | 23,558 | 23,511 |
Loans 90 days past due and accruing | |||
Residential Portfolio Segment [Member] | |||
Past due | 2,407 | 2,290 | |
Current | 226,845 | 219,724 | |
Loans | 229,252 | 222,014 | 213,648 |
Loans 90 days past due and accruing | |||
Consumer and Other Portfolio Segment [Member] | |||
Past due | 26 | 57 | |
Current | 52,150 | 36,256 | |
Loans | 52,176 | 36,313 | $ 39,461 |
Loans 90 days past due and accruing | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 3,940 | 2,378 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 353 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past due | 172 | 111 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 2,100 | 834 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Real Estate Portfolio Segment [Member] | |||
Past due | 31 | 17 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | |||
Past due | 1,258 | 1,361 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member] | |||
Past due | 26 | 55 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | 1,085 | 851 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past due | 2 | 8 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 855 | 783 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Real Estate Portfolio Segment [Member] | |||
Past due | |||
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | |||
Past due | 228 | 58 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member] | |||
Past due | 2 | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 1,073 | 932 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 80 | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past due | 5 | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 72 | 56 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Real Estate Portfolio Segment [Member] | |||
Past due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | |||
Past due | 921 | 871 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member] | |||
Past due |
Note 5 - Allowance For Loan L35
Note 5 - Allowance For Loan Losses - Non-accrual Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Non-accrual loans | $ 3,360 | $ 3,658 |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | ||
Non-accrual loans | 124 | |
Commercial Portfolio Segment [Member] | ||
Non-accrual loans | 82 | 243 |
Commercial Real Estate Portfolio Segment [Member] | ||
Non-accrual loans | 1,585 | 1,580 |
Construction Real Estate Portfolio Segment [Member] | ||
Non-accrual loans | 11 | 33 |
Residential Portfolio Segment [Member] | ||
Non-accrual loans | 1,542 | 1,783 |
Consumer and Other Portfolio Segment [Member] | ||
Non-accrual loans | $ 16 | $ 19 |
Note 5 - Allowance For Loan L36
Note 5 - Allowance For Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Related allowance | $ 1,035 | $ 1,035 | $ 1,110 | ||
Recorded investment | 11,613 | 11,613 | 12,344 | ||
Unpaid principal balance | 11,954 | 11,954 | 12,674 | ||
Average recorded investment | 11,778 | $ 13,086 | 11,951 | $ 13,177 | |
Interest income recognized | 145 | 125 | 298 | 282 | |
Total | 1,035 | 1,035 | 1,110 | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||||
Recorded investment - without allowance | 895 | 895 | 829 | ||
Unpaid principal balance - without allowance | 891 | 891 | 826 | ||
Average recorded investment - without allowance | 878 | 1,215 | 912 | 1,217 | |
Interest income recognized without allowance | 12 | 14 | 23 | 28 | |
Recorded investment - with allowance | 238 | 238 | 241 | ||
Unpaid principal balance - with allowance | 237 | 237 | 240 | ||
Related allowance | 1 | ||||
Average recorded investment - with allowance | 238 | 239 | |||
Interest income recognized with allowance | 3 | 6 | |||
Recorded investment | 1,133 | 1,133 | 1,070 | ||
Unpaid principal balance | 1,128 | 1,128 | 1,066 | ||
Average recorded investment | 1,116 | 1,215 | 1,151 | 1,217 | |
Interest income recognized | 15 | 14 | 29 | 28 | |
Total | 1 | ||||
Commercial Portfolio Segment [Member] | |||||
Recorded investment - without allowance | |||||
Unpaid principal balance - without allowance | |||||
Average recorded investment - without allowance | 62 | 64 | |||
Interest income recognized without allowance | 1 | 1 | |||
Recorded investment - with allowance | 254 | 254 | 265 | ||
Unpaid principal balance - with allowance | 260 | 260 | 268 | ||
Related allowance | 141 | 141 | 148 | ||
Average recorded investment - with allowance | 261 | 253 | 264 | 272 | |
Interest income recognized with allowance | 3 | 2 | 6 | 5 | |
Recorded investment | 254 | 254 | 265 | ||
Unpaid principal balance | 260 | 260 | 268 | ||
Average recorded investment | 261 | 315 | 264 | 336 | |
Interest income recognized | 3 | 3 | 6 | 6 | |
Total | 141 | 141 | 148 | ||
Commercial Real Estate Portfolio Segment [Member] | |||||
Recorded investment - without allowance | 1,753 | 1,753 | 1,977 | ||
Unpaid principal balance - without allowance | 1,817 | 1,817 | 2,034 | ||
Average recorded investment - without allowance | 1,708 | 1,278 | 1,706 | 1,288 | |
Interest income recognized without allowance | 18 | 38 | 19 | ||
Recorded investment - with allowance | 1,979 | 1,979 | 1,776 | ||
Unpaid principal balance - with allowance | 2,025 | 2,025 | 1,783 | ||
Related allowance | 223 | 223 | 219 | ||
Average recorded investment - with allowance | 2,046 | 1,776 | 2,055 | 1,787 | |
Interest income recognized with allowance | 27 | 18 | 59 | 37 | |
Recorded investment | 3,732 | 3,732 | 3,753 | ||
Unpaid principal balance | 3,842 | 3,842 | 3,817 | ||
Average recorded investment | 3,754 | 3,054 | 3,761 | 3,075 | |
Interest income recognized | 45 | 18 | 97 | 56 | |
Total | 223 | 223 | 219 | ||
Construction Real Estate Portfolio Segment [Member] | |||||
Recorded investment - without allowance | 17 | ||||
Unpaid principal balance - without allowance | 21 | ||||
Average recorded investment - without allowance | 154 | 156 | |||
Interest income recognized without allowance | 2 | 4 | |||
Recorded investment - with allowance | 1,562 | 1,562 | 1,586 | ||
Unpaid principal balance - with allowance | 1,595 | 1,595 | 1,619 | ||
Related allowance | 347 | 347 | 360 | ||
Average recorded investment - with allowance | 1,585 | 1,560 | 1,591 | 1,564 | |
Interest income recognized with allowance | 18 | 18 | 37 | 36 | |
Recorded investment | 1,562 | 1,562 | 1,603 | ||
Unpaid principal balance | 1,595 | 1,595 | 1,640 | ||
Average recorded investment | 1,585 | 1,714 | 1,591 | 1,720 | |
Interest income recognized | 18 | 20 | 37 | 40 | |
Total | 347 | 347 | 360 | ||
Residential Portfolio Segment [Member] | |||||
Recorded investment - without allowance | 3,874 | 3,874 | 3,757 | ||
Unpaid principal balance - without allowance | 4,059 | 4,059 | 3,935 | ||
Average recorded investment - without allowance | 3,986 | 4,540 | 4,103 | 4,570 | |
Interest income recognized without allowance | 52 | 47 | 104 | 107 | |
Recorded investment - with allowance | 642 | 642 | 1,464 | ||
Unpaid principal balance - with allowance | 653 | 653 | 1,515 | ||
Related allowance | 128 | 128 | 177 | ||
Average recorded investment - with allowance | 655 | 1,802 | 657 | 1,809 | |
Interest income recognized with allowance | 8 | 18 | 15 | 35 | |
Recorded investment | 4,516 | 4,516 | 5,221 | ||
Unpaid principal balance | 4,712 | 4,712 | 5,450 | ||
Average recorded investment | 4,641 | 6,342 | 4,760 | 6,379 | |
Interest income recognized | 60 | 65 | 119 | 142 | |
Total | 128 | 128 | 177 | ||
Consumer and Other Portfolio Segment [Member] | |||||
Recorded investment - without allowance | 79 | 79 | 30 | ||
Unpaid principal balance - without allowance | 80 | 80 | 30 | ||
Average recorded investment - without allowance | 81 | 1 | 82 | 1 | |
Interest income recognized without allowance | 1 | 3 | |||
Recorded investment - with allowance | 337 | 337 | 402 | ||
Unpaid principal balance - with allowance | 337 | 337 | 403 | ||
Related allowance | 196 | 196 | 205 | ||
Average recorded investment - with allowance | 340 | 445 | 342 | 449 | |
Interest income recognized with allowance | 3 | 5 | 7 | 10 | |
Recorded investment | 416 | 416 | 432 | ||
Unpaid principal balance | 417 | 417 | 433 | ||
Average recorded investment | 421 | 446 | 424 | 450 | |
Interest income recognized | 4 | $ 5 | 10 | $ 10 | |
Total | $ 196 | $ 196 | $ 205 |
Note 5 - Allowance For Loan L37
Note 5 - Allowance For Loan Losses - Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | |
Number of contracts | 1 | 1 | 3,000 | 9,000 |
Pre-modification recorded principal balance | $ 22 | $ 280 | $ 455 | $ 595 |
Post-modification recorded principal balance | $ 279 | $ 432 | $ 541 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | ||||
Number of contracts | ||||
Pre-modification recorded principal balance | ||||
Post-modification recorded principal balance | ||||
Commercial Portfolio Segment [Member] | ||||
Number of contracts | 2,000 | |||
Pre-modification recorded principal balance | $ 29 | |||
Post-modification recorded principal balance | $ 29 | |||
Commercial Real Estate Portfolio Segment [Member] | ||||
Number of contracts | 1 | 1,000 | 3,000 | |
Pre-modification recorded principal balance | $ 280 | $ 283 | $ 353 | |
Post-modification recorded principal balance | $ 279 | $ 282 | $ 332 | |
Construction Real Estate Portfolio Segment [Member] | ||||
Number of contracts | ||||
Pre-modification recorded principal balance | ||||
Post-modification recorded principal balance | ||||
Residential Portfolio Segment [Member] | ||||
Number of contracts | 1 | 2,000 | 3,000 | |
Pre-modification recorded principal balance | $ 22 | $ 172 | $ 212 | |
Post-modification recorded principal balance | $ 150 | $ 180 | ||
Consumer and Other Portfolio Segment [Member] | ||||
Number of contracts | 1,000 | |||
Pre-modification recorded principal balance | $ 1 | |||
Post-modification recorded principal balance |
Note 5 - Allowance For Loan L38
Note 5 - Allowance For Loan Losses - Troubled Debt Restructurings Subsequent Default (Details) | 3 Months Ended | |
Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | |
Number of contracts | ||
Recorded principal balance | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Commercial Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Commercial Real Estate Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Construction Real Estate Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Residential Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Consumer and Other Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance |
Note 6 - Investment Securitie39
Note 6 - Investment Securities (Details Textual) | Jun. 30, 2018 | Dec. 31, 2017 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total | 203 | 205 |
Note 6 - Investment Securitie40
Note 6 - Investment Securities - Held to Maturity Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Held to maturity, amortized cost | $ 33,148 | $ 37,163 |
Held to maturity, gross unrealized gains | 528 | 666 |
Held to maturity, gross unrealized losses | (373) | (343) |
Held to maturity, estimated market value | 33,303 | 37,486 |
US States and Political Subdivisions Debt Securities [Member] | ||
Held to maturity, amortized cost | 32,648 | 36,663 |
Held to maturity, gross unrealized gains | 528 | 666 |
Held to maturity, gross unrealized losses | (335) | (322) |
Held to maturity, estimated market value | 32,841 | 37,007 |
Corporate Debt Securities [Member] | ||
Held to maturity, amortized cost | 500 | 500 |
Held to maturity, gross unrealized gains | ||
Held to maturity, gross unrealized losses | (38) | (21) |
Held to maturity, estimated market value | $ 462 | $ 479 |
Note 6 - Investment Securitie41
Note 6 - Investment Securities - Available for Sale Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Available for sale securities, amortized cost | $ 428,359 | $ 450,753 |
Available for sale securities, gross unrealized gains | 219 | 594 |
Available for sale securities, gross unrealized losses | (14,312) | (8,531) |
Securities - Available for Sale | 414,266 | 442,816 |
US Treasury and Government [Member] | ||
Available for sale securities, amortized cost | 139,809 | 140,090 |
Available for sale securities, gross unrealized gains | 32 | |
Available for sale securities, gross unrealized losses | (6,849) | (4,242) |
Securities - Available for Sale | 132,960 | 135,880 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities, amortized cost | 229,910 | 248,649 |
Available for sale securities, gross unrealized gains | 7 | 3 |
Available for sale securities, gross unrealized losses | (6,687) | (3,875) |
Securities - Available for Sale | 223,230 | 244,777 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 45,579 | 37,308 |
Available for sale securities, gross unrealized gains | 56 | 48 |
Available for sale securities, gross unrealized losses | (750) | (373) |
Securities - Available for Sale | 44,885 | 36,983 |
Corporate Debt Securities [Member] | ||
Available for sale securities, amortized cost | 13,061 | 22,662 |
Available for sale securities, gross unrealized gains | 156 | 462 |
Available for sale securities, gross unrealized losses | (26) | (41) |
Securities - Available for Sale | $ 13,191 | 23,083 |
Equity Securities [Member] | ||
Available for sale securities, amortized cost | 2,044 | |
Available for sale securities, gross unrealized gains | 49 | |
Available for sale securities, gross unrealized losses | ||
Securities - Available for Sale | $ 2,093 |
Note 6 - Investment Securitie42
Note 6 - Investment Securities - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
1 year or less, held to maturity amortized cost | $ 8,973 | |
1 year or less, held to maturity estimated market value | 9,005 | |
1 year or less, available for sale amortized cost | 1,158 | |
1 year or less, available for sale estimated market value | 1,157 | |
After 1 year through five years, held to maturity amortized cost | 18,299 | |
After 1 year through five years, held to maturity estimated market value | 18,354 | |
After 1 year through five years, available for sale amortized cost | 51,417 | |
After 1 year through five years, available for sale estimated market value | 49,609 | |
After 5 years through 10 years, held to maturity amortized cost | 5,150 | |
After 5 years through 10 years, held to maturity estimated market value | 5,256 | |
After 5 years through 10 years, available for sale amortized cost | 107,420 | |
After 5 years through 10 years, available for sale estimated market value | 102,147 | |
After 10 years, held to maturity amortized cost | 726 | |
After 10 years, held to maturity estimated market value | 688 | |
After 10 years, available for sale amortized cost | 38,454 | |
After 10 years, available for sale estimated market value | 38,123 | |
Total, held to maturity amortized cost, held to maturity amortized cost | 33,148 | |
Total, held to maturity estimated market value | 33,303 | |
Total, available for sale amortized cost | 198,449 | |
Total, available for sale amortized cos, available for sale estimated market value | 191,036 | |
Mortgage Backed Securities, held to maturity amortized cost | ||
Mortgage Backed Securities, held to maturity estimated market value | ||
Mortgage Backed Securities, available for sale amortized cost | 229,910 | |
Mortgage Backed Securities, available for sale estimated market value | 223,230 | |
Held to maturity, amortized cost | 33,148 | $ 37,163 |
Held to maturity, estimated market value | 33,303 | 37,486 |
Total, available for sale amortized cost | 428,359 | 450,753 |
Total, available for sale estimated market value | $ 414,266 | $ 442,816 |
Note 6 - Investment Securitie43
Note 6 - Investment Securities - Securities in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Less than 12 months, aggregate fair value | $ 189,439 | $ 215,507 |
Less than 12 months, gross unrealized losses | 4,796 | 2,407 |
12 months or longer, aggregate fair value | 207,686 | 205,236 |
12 months or longer, gross unrealized losses | 9,889 | 6,467 |
Total, aggregate fair value | 397,125 | 420,743 |
Total, gross unrealized losses | 14,685 | 8,874 |
US Treasury and Government [Member] | ||
Less than 12 months, aggregate fair value | 29,866 | 25,257 |
Less than 12 months, gross unrealized losses | 949 | 286 |
12 months or longer, aggregate fair value | 103,094 | 105,329 |
12 months or longer, gross unrealized losses | 5,900 | 3,956 |
Total, aggregate fair value | 132,960 | 130,586 |
Total, gross unrealized losses | 6,849 | 4,242 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months, aggregate fair value | 123,282 | 161,792 |
Less than 12 months, gross unrealized losses | 3,273 | 1,725 |
12 months or longer, aggregate fair value | 89,483 | 81,157 |
12 months or longer, gross unrealized losses | 3,414 | 2,150 |
Total, aggregate fair value | 212,765 | 242,949 |
Total, gross unrealized losses | 6,687 | 3,875 |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, aggregate fair value | 33,795 | 23,898 |
Less than 12 months, gross unrealized losses | 510 | 357 |
12 months or longer, aggregate fair value | 15,109 | 16,741 |
12 months or longer, gross unrealized losses | 575 | 338 |
Total, aggregate fair value | 48,904 | 40,639 |
Total, gross unrealized losses | 1,085 | 695 |
Corporate Debt Securities [Member] | ||
Less than 12 months, aggregate fair value | 2,496 | 4,560 |
Less than 12 months, gross unrealized losses | 64 | 39 |
12 months or longer, aggregate fair value | 2,009 | |
12 months or longer, gross unrealized losses | 23 | |
Total, aggregate fair value | 2,496 | 6,569 |
Total, gross unrealized losses | $ 64 | $ 62 |
Note 7 - Fair Value of Financ44
Note 7 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Assets, Fair Value Disclosure | $ 0 | $ 0 |
Note 7 - Fair Value of Financ45
Note 7 - Fair Value of Financial Instruments - Financial Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Financial Assets: | ||
Time Deposits in Other Banks | $ 12,196 | $ 15,196 |
Securities - Held to Maturity | 33,303 | 37,486 |
Securities - Available for Sale | 414,266 | 442,816 |
US States and Political Subdivisions Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 32,841 | 37,007 |
Securities - Available for Sale | 44,885 | 36,983 |
Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 462 | 479 |
Securities - Available for Sale | 13,191 | 23,083 |
US Treasury and Government [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 132,960 | 135,880 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 223,230 | 244,777 |
Equity Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 2,093 | |
Reported Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ||
Financial Assets: | ||
Cash and due from banks | 14,986 | 53,010 |
Time Deposits in Other Banks | 12,196 | 15,196 |
Equity Securities | 6,194 | |
Loans Held for Sale | 334 | 346 |
Loans, net | 732,832 | 687,313 |
Accrued Interest Receivable | 4,288 | 4,169 |
Federal Home Loan Bank Stock | 4,148 | |
Financial Liabilities: | ||
Noninterest Bearing Deposits | 292,534 | 299,838 |
Interest Bearing Deposits | 854,960 | 898,326 |
FHLB Advances | 30,000 | |
Federal funds purchased | 7,800 | |
Repurchase Agreements | ||
Accrued Interest Payable | 80 | 61 |
Reported Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 32,648 | 36,663 |
Securities - Available for Sale | 44,885 | 36,983 |
Reported Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 500 | 500 |
Securities - Available for Sale | 13,191 | 23,083 |
Reported Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 132,960 | 135,880 |
Reported Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 223,230 | 244,777 |
Reported Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 2,093 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | ||
Financial Assets: | ||
Cash and due from banks | 14,986 | 53,010 |
Time Deposits in Other Banks | 11,935 | 15,082 |
Equity Securities | 6,194 | |
Loans Held for Sale | 342 | 356 |
Loans, net | 675,276 | 657,684 |
Accrued Interest Receivable | 4,288 | 4,169 |
Federal Home Loan Bank Stock | 4,148 | |
Financial Liabilities: | ||
Noninterest Bearing Deposits | 292,534 | 299,838 |
Interest Bearing Deposits | 855,478 | 899,481 |
FHLB Advances | 29,879 | |
Federal funds purchased | 7,800 | |
Repurchase Agreements | ||
Accrued Interest Payable | 80 | 61 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 32,841 | 37,007 |
Securities - Available for Sale | 44,885 | 36,983 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 462 | 479 |
Securities - Available for Sale | 13,191 | 23,083 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 132,960 | 135,880 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 223,230 | 244,777 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Equity Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 2,093 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets: | ||
Cash and due from banks | 14,986 | 53,010 |
Time Deposits in Other Banks | ||
Equity Securities | 2,046 | |
Loans Held for Sale | ||
Loans, net | ||
Accrued Interest Receivable | ||
Federal Home Loan Bank Stock | ||
Financial Liabilities: | ||
Noninterest Bearing Deposits | 292,534 | 299,838 |
Interest Bearing Deposits | ||
FHLB Advances | ||
Federal funds purchased | 7,800 | |
Repurchase Agreements | ||
Accrued Interest Payable | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | ||
Securities - Available for Sale | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | ||
Securities - Available for Sale | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US Treasury and Government [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 2,093 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Assets: | ||
Cash and due from banks | ||
Time Deposits in Other Banks | 11,185 | 15,082 |
Equity Securities | 4,148 | |
Loans Held for Sale | ||
Loans, net | ||
Accrued Interest Receivable | ||
Federal Home Loan Bank Stock | 4,148 | |
Financial Liabilities: | ||
Noninterest Bearing Deposits | ||
Interest Bearing Deposits | 855,478 | 899,481 |
FHLB Advances | 29,879 | |
Federal funds purchased | ||
Repurchase Agreements | ||
Accrued Interest Payable | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 1,999 | 2,407 |
Securities - Available for Sale | 44,885 | 36,983 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 462 | 479 |
Securities - Available for Sale | 13,191 | 23,083 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Treasury and Government [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 132,960 | 135,880 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 223,230 | 244,777 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets: | ||
Cash and due from banks | ||
Time Deposits in Other Banks | 750 | |
Equity Securities | ||
Loans Held for Sale | 342 | 356 |
Loans, net | 675,276 | 657,684 |
Accrued Interest Receivable | 4,288 | 4,169 |
Federal Home Loan Bank Stock | ||
Financial Liabilities: | ||
Noninterest Bearing Deposits | ||
Interest Bearing Deposits | ||
FHLB Advances | ||
Federal funds purchased | ||
Repurchase Agreements | ||
Accrued Interest Payable | 80 | 61 |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 30,842 | 34,600 |
Securities - Available for Sale | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | ||
Securities - Available for Sale | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Treasury and Government [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale |
Note 7 - Fair Value of Financ46
Note 7 - Fair Value of Financial Instruments - Assets Measured on a Nonrecurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Impaired loans | $ 11,613 | $ 12,344 |
Other Real Estate Owned | 394 | 1,412 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Impaired loans | ||
Other Real Estate Owned | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Impaired loans | ||
Other Real Estate Owned | ||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Impaired loans | 10,578 | 11,234 |
Other Real Estate Owned | $ 394 | $ 1,412 |
Note 8 - Financial Instrument47
Note 8 - Financial Instruments With Off-balance Sheet Risk (Details Textual) | 6 Months Ended |
Jun. 30, 2018 | |
Home Equity Line of Credit [Member] | |
Line of Credit Facility, Expiration Period | 10 years |
Note 8 - Financial Instrument48
Note 8 - Financial Instruments With Off-balance Sheet Risk - Off-balance Sheet Credit Risk Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Commitments to extend credit: | ||
Off-balance sheet credit risks | ||
Commitments to Extend Credit - Commercial Lines of Credit [Member] | ||
Commitments to extend credit: | ||
Off-balance sheet credit risks | 115,325 | 103,080 |
Commitments to Extend Credit - Credit Card Lines of Credit [Member] | ||
Commitments to extend credit: | ||
Off-balance sheet credit risks | 6,266 | 5,934 |
Commitments to Extend Credit - Home Equity Lines of Credit [Member] | ||
Commitments to extend credit: | ||
Off-balance sheet credit risks | 33,552 | 30,368 |
Standby Letters of Credit and Financial Guarantees [Member] | ||
Commitments to extend credit: | ||
Off-balance sheet credit risks | $ 1,517 | $ 1,364 |