Document And Entity Information
Document And Entity Information - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2018 | Mar. 18, 2019 | Jun. 30, 2018 | |
Document Information [Line Items] | |||
Entity Registrant Name | MBT Financial Corp | ||
Entity Central Index Key | 0001118237 | ||
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 Emerging Growth Company | false | ||
Entity Small Business | true | ||
Entity Common Stock, Shares Outstanding (in shares) | 23,036,758 | ||
Entity Public Float | $ 188.6 | ||
Entity Shell Company | false | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2018 | ||
Document Fiscal Year Focus | 2018 | ||
Document Fiscal Period Focus | FY | ||
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Cash and due from banks | ||
Non-interest bearing | $ 17,058 | $ 18,233 |
Interest bearing | 34,784 | 34,777 |
Total cash and cash equivalents | 51,842 | 53,010 |
Interest Bearing Time Deposit in Other Banks | 10,796 | 15,196 |
Securities - Held to Maturity (Note 3) | 37,163 | |
Debt Securities, Available-for-sale, Total | 401,613 | 442,816 |
Equity Securities | 7,415 | 4,148 |
Loans held for sale | 488 | 346 |
Loans (Note 4) | 768,660 | 694,979 |
Allowance for Loan Losses (Note 5) | (7,771) | (7,666) |
Loans - Net | 760,889 | 687,313 |
Accrued interest receivable and other assets (Note 12) | 16,743 | 20,463 |
Other Real Estate Owned | 692 | 1,412 |
Bank Owned Life Insurance (Note 9) | 59,563 | 58,153 |
Premises and Equipment - Net (Note 6) | 26,850 | 27,400 |
Total assets | 1,336,891 | 1,347,420 |
Deposits: | ||
Non-interest bearing | 297,704 | 299,838 |
Interest-bearing (Note 7) | 885,206 | 898,326 |
Total deposits | 1,182,910 | 1,198,164 |
Federal Home Loan Bank advances (Note 8) | 10,000 | |
Interest payable and other liabilities (Note 9) | 16,314 | 16,598 |
Total liabilities | 1,209,224 | 1,214,762 |
Stockholders' Equity (Notes 10, 13 and 15) | ||
Common stock (no par value; 50,000,000 shares authorized, 23,033,715 and 22,907,844 shares issued and outstanding) | 23,453 | 22,840 |
Retained Earnings | 113,921 | 117,524 |
Unearned Compensation | ||
Accumulated other comprehensive loss | (9,707) | (7,706) |
Total stockholders' equity | 127,667 | 132,658 |
Total liabilities and stockholders' equity | $ 1,336,891 | $ 1,347,420 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parentheticals) - $ / shares $ / shares in Thousands | Dec. 31, 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) | 23,033,715 | 22,907,844 |
Common stock, shares outstanding (in shares) | 23,033,715 | 22,907,844 |
Consolidated Statements of Oper
Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Interest Income | |||
Interest and fees on loans | $ 35,609 | $ 31,300 | $ 29,265 |
Interest on investment securities- | |||
Tax-exempt | 1,670 | 1,299 | 1,241 |
Taxable | 8,501 | 8,707 | 8,791 |
Interest on balances due from banks | 514 | 494 | 562 |
Total interest income | 46,294 | 41,800 | 39,859 |
Interest Expense | |||
Interest on deposits (Note 7) | 1,804 | 1,731 | 1,928 |
Interest on borrowed funds | 451 | 6 | 308 |
Total interest expense | 2,255 | 1,737 | 2,236 |
Net Interest Income | 44,039 | 40,063 | 37,623 |
Recovery of Loan Losses (Note 5) | (100) | (700) | (2,200) |
Net Interest Income After Recovery of Loan Losses | 44,139 | 40,763 | 39,823 |
Other Income | |||
Net (loss) gain on sales of securities | (814) | (546) | 2,151 |
Net gain (loss) on other real estate owned | 542 | (22) | (85) |
Bank owned life insurance income | 1,411 | 1,978 | 1,425 |
Other real estate owned rent | 59 | 20 | 27 |
Other | 2,298 | 2,043 | 1,950 |
Total other income | 15,540 | 15,882 | 17,513 |
Other Expenses | |||
Salaries and employee benefits (Notes 9 and 15) | 22,344 | 21,400 | 22,443 |
Occupancy expense (Note 6) | 2,673 | 2,825 | 2,730 |
Equipment expense | 3,429 | 3,126 | 2,879 |
Marketing expense | 1,589 | 1,322 | 1,144 |
Professional fees | 2,885 | 2,339 | 2,138 |
EFT/ATM Expense | 1,160 | 1,022 | 1,022 |
Other real estate owned expense | 100 | 117 | 148 |
FDIC insurance premium | 391 | 428 | 567 |
Bonding and other insurance expense | 529 | 486 | 577 |
Telephone expense | 324 | 385 | 413 |
Other | 2,611 | 2,685 | 2,537 |
Total other expenses | 38,035 | 36,135 | 36,598 |
Income Before Provision For Income Taxes | 21,644 | 20,510 | 20,738 |
Provision For Income Taxes (Note 12) | 3,945 | 9,901 | 6,237 |
Net Income | 17,699 | 10,609 | 14,501 |
Other Comprehensive Loss, Net of Tax | |||
Unrealized gains (losses) on securities | (3,513) | 1,094 | (3,731) |
Reclassification adjustment for losses (gains) included in net income | 644 | 361 | (1,420) |
Change in postretirement benefit liability | 917 | (370) | (20) |
Tax effect attributable to reduction in corporate tax rate | (1,268) | ||
Total Other Comprehensive Loss, net of tax | (1,952) | (183) | (5,171) |
Comprehensive Income | $ 15,747 | $ 10,426 | $ 9,330 |
Basic Earnings Per Common Share (Note 14) (in dollars per share) | $ 0.77 | $ 0.46 | $ 0.64 |
Diluted Earnings Per Common Share (Note 14) (in dollars per share) | $ 0.77 | $ 0.46 | $ 0.63 |
Fiduciary and Trust [Member] | |||
Other Income | |||
Noninterest income | $ 4,728 | $ 5,017 | $ 4,453 |
Deposit Account [Member] | |||
Other Income | |||
Noninterest income | 3,834 | 4,186 | 4,221 |
Debit Card [Member] | |||
Other Income | |||
Noninterest income | 3,068 | 2,877 | 2,831 |
Mortgage Banking [Member] | |||
Other Income | |||
Noninterest income | $ 414 | $ 329 | $ 540 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity - 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, 2015 | 22,790,707 | ||||
Balance at Dec. 31, 2015 | $ 23,492 | $ 126,214 | $ (13) | $ (2,352) | $ 147,341 |
Repurchase of Common Stock (in shares) | (192,080) | ||||
Repurchase of Common Stock | $ (1,414) | (1,414) | |||
SOSARs exercised, net of shares redeemed for taxes (in shares) | 119,101 | ||||
SOSARs exercised, net of shares redeemed for taxes | $ (272) | (272) | |||
Restricted stock awards net of shares redeemed for taxes (in shares) | 5,000 | ||||
Restricted stock awards net of shares redeemed for taxes | $ 41 | (41) | |||
Restricted stock units, net of shares redeemed for taxes (in shares) | 28,680 | ||||
Restricted stock units, net of shares redeemed for taxes | $ (71) | (71) | |||
Employee Stock Purchase Plan and other stock issued (in shares) | 26,474 | ||||
Employee Stock Purchase Plan and other stock issued | $ 221 | 221 | |||
Tax benefit from exercise of stock based compensation | 67 | 67 | |||
Equity compensation | 498 | 50 | 548 | ||
Dividends declared | (14,636) | (14,636) | |||
Net Income | 14,501 | 14,501 | |||
Other comprehensive income - net of tax | (5,171) | (5,171) | |||
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) | 73,025 | ||||
SOSARs exercised, net of shares redeemed for taxes | $ (265) | (265) | |||
Restricted stock awards net of shares redeemed for taxes (in shares) | 6,000 | ||||
Restricted stock awards net of shares redeemed for taxes | $ 65 | (65) | |||
Restricted stock units, net of shares redeemed for taxes (in shares) | 17,873 | ||||
Restricted stock units, net of shares redeemed for taxes | $ (52) | (52) | |||
Employee Stock Purchase Plan and other stock issued (in shares) | 33,064 | ||||
Employee Stock Purchase Plan and other stock issued | $ 354 | 354 | |||
Tax benefit from exercise of stock based compensation | 583 | 583 | |||
Equity compensation | 545 | 69 | 614 | ||
Dividends declared | (21,015) | (21,015) | |||
Net Income | 10,609 | 10,609 | |||
Other comprehensive income - net of tax | 1,085 | 1,085 | |||
Deferred Directors' Compensation | (369) | (369) | |||
Tax effect attributable to reduction in corporate tax rate per ASU 2018-02 | 1,268 | (1,268) | |||
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) | 54,196 | ||||
SOSARs exercised, net of shares redeemed for taxes | $ (231) | (231) | |||
Restricted stock awards net of shares redeemed for taxes (in shares) | 7,500 | ||||
Restricted stock awards net of shares redeemed for taxes | $ 78 | (78) | |||
Restricted stock units, net of shares redeemed for taxes (in shares) | 28,642 | ||||
Restricted stock units, net of shares redeemed for taxes | $ (90) | (90) | |||
Employee Stock Purchase Plan and other stock issued (in shares) | 35,533 | ||||
Employee Stock Purchase Plan and other stock issued | $ 375 | 375 | |||
Equity compensation | 604 | 78 | 682 | ||
Dividends declared | (21,351) | (21,351) | |||
Net Income | 17,699 | 17,699 | |||
Other comprehensive income - net of tax | (1,952) | (1,952) | |||
Deferred Directors' Compensation | (123) | (123) | |||
Cumulative Effect Adjustment (ASU 2016-01) | 49 | (49) | |||
Balance (in shares) at Dec. 31, 2018 | 23,033,715 | ||||
Balance at Dec. 31, 2018 | $ 23,453 | $ 113,921 | $ (9,707) | $ 127,667 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - $ / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Retained Earnings [Member] | |||
Dividends declared (in dollars per share) | $ 0.93 | $ 0.92 | $ 0.64 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Cash Flows from Operating Activities | |||
Net Income | $ 17,699 | $ 10,609 | $ 14,501 |
Adjustments to reconcile net income to net cash from operating activities | |||
Recovery of Loan Losses (Note 5) | (100) | (700) | (2,200) |
Depreciation | 1,465 | 1,555 | 1,614 |
Deferred tax expense | 3,512 | ||
Writedown of deferred tax assets | 4,278 | ||
Net amortization of investment premium and discount | 2,135 | 2,299 | 2,000 |
Adjustment for assets carried at fair market value | 51 | ||
Writedowns of other real estate owned | 42 | 76 | 98 |
Net increase in interest payable and other liabilities | 754 | 90 | 1,842 |
Net decrease (increase) in interest receivable and other assets | 3,231 | 905 | (1,664) |
Writedowns of Other Assets | 37 | ||
Equity based compensation expense | 682 | 614 | 548 |
Net loss (gain) on sale/settlement of securities | 814 | 546 | (2,151) |
Increase in cash surrender value of life insurance | (1,410) | (1,497) | (1,322) |
Net cash provided by operating activities | 25,363 | 18,812 | 16,778 |
Cash Flows from Investing Activities | |||
Proceeds from maturities of interest bearing time deposits in other banks | 4,400 | 4,250 | 500 |
Proceeds from maturities and redemptions of investment securities held to maturity | 9,653 | 11,963 | 10,213 |
Proceeds from maturities and redemptions of investment securities available for sale | 54,856 | 43,989 | 316,756 |
Proceeds from sales of investment securities held to maturity | 1,612 | ||
Proceeds from sales of investment securities available for sale | 46,030 | 188,665 | 36,114 |
Net increase in loans | (74,366) | (43,538) | (35,320) |
Proceeds from sales of other real estate owned | 2,010 | 1,228 | 1,538 |
Proceeds from sales of other assets | 438 | 237 | 195 |
Purchase of time deposits in other banks | (500) | (13,946) | |
Purchase of investment securities held to maturity | (4,133) | (8,455) | (9,759) |
Purchase of bank owned life insurance | (4,357) | ||
Proceeds from surrender of bank owned life insurance | 309 | ||
Purchase of investment securities available for sale | (39,565) | (187,972) | (351,644) |
Purchase of bank premises and equipment | (915) | (1,861) | (1,355) |
Net cash provided by (used for) investing activities | 20 | 3,958 | (46,708) |
Cash Flows from Financing Activities | |||
Net (decrease) increase in deposits | (15,254) | (1,553) | 34,324 |
Proceeds from Federal Home Loan Bank borrowings | 40,000 | ||
Repayment of Federal Home Loan Bank borrowings | (30,000) | ||
Repayment of repurchase agreements | (15,000) | ||
Issuance of common stock | 375 | 354 | 221 |
Stock redeemed for tax withholding - stock based compensation | (321) | (318) | (343) |
Repurchase of common stock | (1,414) | ||
Dividends paid | (21,351) | (21,015) | (14,636) |
Net cash (used for) provided by financing activities | (26,551) | (22,532) | 3,152 |
Net Increase (Decrease) in Cash and Cash Equivalents | (1,168) | 238 | (26,778) |
Cash and Cash Equivalents at Beginning of Year (Note 1) | 53,010 | 52,772 | 79,550 |
Cash and Cash Equivalents at End of Year (Note 1) | 51,842 | 53,010 | 52,772 |
Supplemental Cash Flow Information | |||
Cash paid for interest | 2,251 | 1,733 | 2,288 |
Cash paid for federal income taxes | 1,419 | 3,329 | 3,275 |
Supplemental Schedule of Non Cash Investing Activities | |||
Transfer of loans to other real estate owned | 748 | 1,029 | 870 |
Transfer of loans to other assets | $ 40 | $ 49 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | ( 1 The consolidated financial statements include the accounts of MBT Financial Corp. (the “Corporation”) and its wholly owned 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 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, the fair value of investment securities, the valuation of other real estate owned, and the deferred tax asset. The significant accounting policies are as follows: PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Corporation and its subsidiary. All material intercompany transactions and balances have been eliminated. Certain prior year amounts have been reclassified to conform to the current year presentation. SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK Most of the Corporation's activities are with customers located within southeast Michigan. Notes 3 4 not one one INVESTMENT SECURITIES Certificates of deposit in other financial institutions are carried at cost. All certificates of deposit in other financial institutions had balances less than or equal to $250,000 Investment securities that are classified as “held to maturity” are stated at cost, and adjusted for accumulated amortization of premium and accretion of discount. The Bank had the intention and, in Management’s opinion, the ability to hold these investment securities until maturity. In 2018, not Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Declines in the fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability of the Corporation to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. When evaluating investment securities consideration is given to the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, whether the market decline was affected by macroeconomic conditions and whether the Company has the intent to sell the debt security or more likely than not may When OTTI occurs, the amount of the OTTI recognized in earnings depends on whether an entity intends to sell the security or it is more likely than not not not LOANS The Bank grants mortgage, commercial, and consumer loans to customers. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred fees or costs on originated loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. The accrual of interest on loans is discontinued at the time the loan is 90 All interest accrued but not FEDERAL HOME LOAN BANK STOCK The Bank is a member of the Federal Home Loan Bank of Indianapolis (FHLBI). Members are required to own a certain amount of stock based on the level of borrowings and other factors. Stock in the FHLBI is recorded at redemption value which approximates fair value. The Company periodically evaluates the FHLBI stock for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. LOANS HELD FOR SALE Loans held for sale consist of fixed rate residential mortgage loans with maturities of 10 30 ALLOWANCE FOR LOAN LOSSES The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management's periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The allowance consists of specific, general, and unallocated components. The specific component relates to loans that are classified as non-accrual or renegotiated. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical loss experience, adjusted for qualitative factors. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probably losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. A loan is considered impaired when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not Troubled debt restructuring of loans is undertaken to improve the likelihood that the loan will be repaid in full under the modified terms in accordance with a reasonable repayment schedule. All modified loans are evaluated to determine whether the loans should be reported as Troubled Debt Restructurings (TDR). A loan is a TDR when the Bank, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower by modifying a loan. To make this determination, the Bank must determine whether (a) the borrower is experiencing financial difficulties and (b) the Bank granted the borrower a concession. This determination requires consideration of all of the facts and circumstances surrounding the modification. An overall general decline in the economy or some deterioration in a borrower’s financial condition does not Large groups of homogeneous loans are collectively evaluated for impairment. Accordingly, the Corporation does not FORECLOSED ASSETS (INCLUDES OTHER REAL ESTATE OWNED) Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at the lower of fair value less costs to sell or the loan carrying amount at the date of the foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by Management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Expenses from operations and changes in the valuation allowance are included in net expenses from foreclosed assets. BANK PREMISES AND EQUIPMENT Bank premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed generally on the straight-line method over the estimated useful lives of the assets. Upon the sale or other disposition of assets, the cost and related accumulated depreciation are retired and the resulting gain or loss is recognized. Maintenance and repairs are charged to expense as incurred, while renewals and improvements are capitalized. Software costs related to externally developed systems are capitalized at cost less accumulated amortization. Amortization is computed on the straight-line method over the estimated useful life. BANK OWNED LIFE INSURANCE Bank owned life insurance policies are stated at the current cash surrender value of the policy, or the policy death proceeds less any obligation to provide a death benefit to an insured’s beneficiaries if that value is less than the cash surrender value. Increases in the asset value are recorded as earnings in other income. 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. The components of accumulated other comprehensive loss and related tax effects are as follows: Dollars in thousands 2018 2017 2016 Net unrealized losses on securities available for sale $ (11,630 ) $ (7,937 ) $ (10,143 ) Post retirement benefit obligations (657 ) (1,818 ) (1,256 ) Tax effect 2,580 2,049 3,876 Accumulated other comprehensive loss $ (9,707 ) $ (7,706 ) $ (7,523 ) CASH AND CASH EQUIVALENTS For the purpose of the consolidated statement of cash flows, cash and cash equivalents include cash and balances due from banks and federal funds sold with original maturities within 90 DEPOSIT LIABILITIES The estimated fair value of non-maturity deposit accounts, such as checking, savings, and money market demand deposit accounts, is represented by the amounts payable on demand. The estimated fair value of time deposits, such as certificates of deposit and individual retirement accounts, is calculated by discounting the scheduled cash flows using the period-end rates offered on these instruments. As such, the Corporation classifies the estimated fair value of deposit liabilities as Level 2. INCOME TAXES Deferred income tax assets and liabilities are determined using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the various temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. STOCK-BASED COMPENSATION The Corporation has several stock based compensation plans (Note 15 OFF BALANCE SHEET INSTRUMENTS In the ordinary course of business, the Corporation has entered into commitments to extend credit, including commitments under credit card arrangements, home equity lines of credit, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded. Additional information regarding Off Balance Sheet Instruments is included in Note 17 FAIR VALUE The Corporation 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 Corporation uses various valuation techniques and assumptions when estimating fair value. The Corporation applied the following fair value hierarchy: Level 1 1 Level 2 2 Level 3 3 When determining the fair value measurements for assets and liabilities required or permitted to be recorded at and/or marked to fair value, the Corporation 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 Corporation looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not not RECENT ACCOUNTING PRONOUNCEMENTS The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014 09, 606 not December 15, 2017, December 31, 2018 not not In January 2016, No. 2016 01, January 1, 2018, not 11. In June 2016, No. 2016 13, December 31, 2020. first December 15, 2018, In March 2017, No. 2017 08, 310 20 December 15, 2018 not |
Note 2 - Cash and Due From Bank
Note 2 - Cash and Due From Banks | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Cash and Cash Equivalents Disclosure [Text Block] | ( 2 and Due from Banks The Bank is required by regulatory agencies to maintain legal reserve requirements based on the level of balances in deposit categories. Cash balances restricted from usage due to these requirements were $4,240,000 $4,941,000 December 31, 2018 2017, $7,674,000 $9,657,000 December 31, 2018 2017, |
Note 3 - Investment Securities
Note 3 - Investment Securities | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | ( 3 Investment Securities The following is a summary of the Bank’s investment securities portfolio as of December 31, 2018 2017 000s Held to Maturity December 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair 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, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value Obligations of U.S. Government Agencies $ 134,160 $ 1 $ (5,926 ) $ 128,235 Mortgage Backed Securities issued by U.S. Government Agencies 196,224 32 (5,702 ) 190,554 Obligations of States and Political Subdivisions 69,309 604 (804 ) 69,109 Corporate Debt Securities 13,552 173 (10 ) 13,715 $ 413,245 $ 810 $ (12,442 ) $ 401,613 Available for Sale December 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair 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 Other Securities 2,044 49 - 2,093 $ 450,753 $ 594 $ (8,531 ) $ 442,816 The amortized cost, estimated fair value, and weighted average yield of securities at December 31, 2018, may 000s Held to Maturity Available for Sale Estimated Weighted Estimated Weighted Amortized Fair Average Amortized Fair Average Cost Value Yield Cost Value Yield Maturing within 1 year $ - $ - 0.00 % $ 8,443 $ 8,476 2.10 % 1 through 5 years - - 0.00 % 66,285 64,725 1.96 % 6 through 10 years - - 0.00 % 102,721 98,566 2.43 % Over 10 years - - 0.00 % 39,572 39,292 2.84 % Total - - 0.00 % 217,021 211,059 2.35 % Mortgage Backed Securities - - 0.00 % 196,224 190,554 2.35 % Total $ - $ - 0.00 % $ 413,245 $ 401,613 2.35 % 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 has the intent and ability to hold the investment for a period of time sufficient to allow for an anticipated recovery in the fair value. The fair values of investments with an amortized cost in excess of their fair values at December 31, 2018 December 31, 2017 000s December 31, 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 $ 3,946 $ 65 $ 117,750 $ 5,861 $ 121,696 $ 5,926 Mortgage Backed Securities issued by U.S. Government Agencies 19,945 131 165,604 5,571 185,549 5,702 Obligations of States and Political Subdivisions 32,260 573 5,955 231 38,215 804 Corporate Debt Securities 490 10 - - 490 10 $ 56,641 $ 779 $ 289,309 $ 11,663 $ 345,950 $ 12,442 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 may December 31, 2018 December 31, 2017, 165 205 Investment securities carried at $105,873,000 $103,850,000 December 31, 2018 December 31, 2017, At December 31, 2018, $93,158,000 $35,084,000. December 31, 2018, $187,715,000. December 31, 2017, $100,045,000 $35,841,000. December 31, 2017, $244,781,000. For the years ended December 31, 2018, 2017, 2016, $47,642,000, $188,665,000, $36,114,000, $116,000, $752,000, $2,346,000, $930,000, $1,298,000, $195,000, $171,000 $186,000 $731,000, |
Note 4 - Loans
Note 4 - Loans | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block] | ( 4 Loans Loan balances outstanding as of December 31 000s 2018 2017 Residential real estate loans $ 230,008 $ 222,014 Commercial real estate loans 279,294 269,644 Construction real estate loans 27,400 23,558 Agriculture and agricultural real estate loans 22,486 21,231 Commercial and industrial loans 162,026 122,219 Loans to individuals for household, family, and other personal expenditures 47,446 36,313 Total loans, gross $ 768,660 $ 694,979 Less: Allowance for loan losses 7,771 7,666 Loans, net of allowance for loan losses $ 760,889 $ 687,313 Included in Loans are loans to certain officers, directors, and companies in which such officers and directors have 10 $90,000 $3,456,000 December 31, 2018 2017, 2018, $62,000, $3,428,000. 2017, $634,000, $2,832,000. not No December 31, 2018 December 31, 2017. |
Note 5 - Allowance For Loan Los
Note 5 - Allowance For Loan Losses and Credit Quality of Loans | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | ( 5 Allowance For Loan Losses and Credit Quality of Loans 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 for the years ended December 31, 2018, 2017, 2016 000s 2018 Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: Beginning Balance $ 195 $ 1,443 $ 3,297 $ 491 $ 1,279 $ 961 $ 7,666 Charge-offs - - (320 ) - (108 ) (54 ) (482 ) Recoveries 5 95 329 59 138 61 687 Provision 5 (272 ) (294 ) (366 ) (91 ) 918 (100 ) Ending balance $ 205 $ 1,266 $ 3,012 $ 184 $ 1,218 $ 1,886 $ 7,771 Ending balance individually evaluated for impairment $ - $ 142 $ 146 $ 4 $ 94 $ 143 $ 529 Ending balance collectively evaluated for impairment 205 1,124 2,866 180 1,124 1,743 7,242 Ending balance $ 205 $ 1,266 $ 3,012 $ 184 $ 1,218 $ 1,886 $ 7,771 Loans: Ending balance individually evaluated for impairment $ 2,622 $ 226 $ 3,162 $ 32 $ 3,321 $ 397 $ 9,760 Ending balance collectively evaluated for impairment 19,864 161,800 276,132 27,368 226,687 47,049 758,900 Ending balance $ 22,486 $ 162,026 $ 279,294 $ 27,400 $ 230,008 $ 47,446 $ 768,660 2017 Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: Beginning Balance $ 201 $ 1,632 $ 3,336 $ 525 $ 1,599 $ 1,165 $ 8,458 Charge-offs - (6 ) (572 ) - (113 ) (137 ) (828 ) Recoveries 81 139 190 54 198 74 736 Provision (87 ) (322 ) 343 (88 ) (405 ) (141 ) (700 ) Ending balance $ 195 $ 1,443 $ 3,297 $ 491 $ 1,279 $ 961 $ 7,666 Ending balance individually evaluated for impairment $ 1 $ 148 $ 219 $ 360 $ 177 $ 205 $ 1,110 Ending balance collectively evaluated for impairment 194 1,295 3,078 131 1,102 756 6,556 Ending balance $ 195 $ 1,443 $ 3,297 $ 491 $ 1,279 $ 961 $ 7,666 Loans: Ending balance individually evaluated for impairment $ 1,070 $ 265 $ 3,753 $ 1,603 $ 5,221 $ 432 $ 12,344 Ending balance collectively evaluated for impairment 20,161 121,954 265,891 21,955 216,793 35,881 682,635 Ending balance $ 21,231 $ 122,219 $ 269,644 $ 23,558 $ 222,014 $ 36,313 $ 694,979 2016 Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: Beginning Balance $ 389 $ 2,279 $ 4,350 $ 420 $ 2,235 $ 1,223 $ 10,896 Charge-offs (221 ) (26 ) (742 ) - (319 ) (155 ) (1,463 ) Recoveries 6 150 194 151 588 136 1,225 Provision 27 (771 ) (466 ) (46 ) (905 ) (39 ) (2,200 ) Ending balance $ 201 $ 1,632 $ 3,336 $ 525 $ 1,599 $ 1,165 $ 8,458 Ending balance individually evaluated for impairment $ 5 $ 199 $ 129 $ 388 $ 236 $ 184 $ 1,141 Ending balance collectively evaluated for impairment 196 1,433 3,207 137 1,363 981 7,317 Ending balance $ 201 $ 1,632 $ 3,336 $ 525 $ 1,599 $ 1,165 $ 8,458 Loans: Ending balance individually evaluated for impairment $ 1,212 $ 355 $ 6,853 $ 1,717 $ 7,098 $ 476 $ 17,711 Ending balance collectively evaluated for impairment 20,306 96,406 245,316 17,737 209,338 45,523 634,626 Ending balance $ 21,518 $ 96,761 $ 252,169 $ 19,454 $ 216,436 $ 45,999 $ 652,337 Each period the provision for loan losses in the statement of operations 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 commercial loans and each credit relationship with more than $250,000 10 45 50 90 60 ● Grade 10 ● Grade 20 may ● Grade 30 may not ● Grades 40 45 may ● Grades 50 55 not 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 December 31, 2018 2017 000s 2018 Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Not Rated $ - $ 3,652 $ 60 $ 12,878 $ 147,167 $ 42,259 $ 206,016 10 - 6,877 - - - - 6,877 20 64 117 196 - - - 377 30 481 47,263 24,899 - 1,268 3,556 77,467 40 16,038 97,598 219,079 11,555 74,141 1,618 420,029 45 1,472 2,024 19,462 1,381 2,623 - 26,962 50 1,852 3,851 9,084 249 1,896 - 16,932 55 - 305 2,132 - 713 - 3,150 60 2,579 339 4,380 1,337 2,200 13 10,848 70 - - - - - - - 80 - - 2 - - - 2 90 - - - - - - - Total $ 22,486 $ 162,026 $ 279,294 $ 27,400 $ 230,008 $ 47,446 $ 768,660 Performing $ 20,305 $ 161,749 $ 276,021 $ 27,368 $ 226,119 $ 47,037 $ 758,599 Nonperforming 2,181 277 3,273 32 3,889 409 10,061 Total $ 22,486 $ 162,026 $ 279,294 $ 27,400 $ 230,008 $ 47,446 $ 768,660 2017 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 December 31, 2018 2017 000s 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 $ 632 $ 1,235 $ - $ 1,867 $ 20,619 $ 22,486 $ - Commercial 186 110 31 327 161,699 162,026 - Commercial Real Estate 804 - 1,849 2,653 276,641 279,294 - Construction Real Estate - - - - 27,400 27,400 - Residential Real Estate 1,217 340 376 1,933 228,075 230,008 - Consumer and Other 79 13 - 92 47,354 47,446 - Total $ 2,918 $ 1,698 $ 2,256 $ 6,872 $ 761,788 $ 768,660 $ - 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 December 31, 2018 2017 000s 2018 2017 Agriculture and Agricultural Real Estate $ 1,624 $ - Commercial 106 243 Commercial Real Estate 2,907 1,580 Construction Real Estate 5 33 Residential Real Estate 912 1,783 Consumer and Other 12 19 Total $ 5,566 $ 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 December 31, 2018, 2017 2016 000s 2018 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Agriculture and Agricultural Real Estate $ 2,388 $ 2,384 $ - $ 2,359 $ 85 Commercial - - - - - Commercial Real Estate 1,863 1,871 - 1,860 40 Construction Real Estate - - - - - Residential Real Estate 3,015 3,174 - 3,271 165 Consumer and Other 58 59 - 63 4 With an allowance recorded: Agriculture and Agricultural Real Estate 234 234 - 237 13 Commercial 226 234 142 241 10 Commercial Real Estate 1,299 1,380 146 1,427 90 Construction Real Estate 32 67 4 59 4 Residential Real Estate 306 316 94 322 14 Consumer and Other 339 339 143 348 11 Total: Agriculture and Agricultural Real Estate $ 2,622 $ 2,618 $ - $ 2,596 $ 98 Commercial 226 234 142 241 10 Commercial Real Estate 3,162 3,251 146 3,287 130 Construction Real Estate 32 67 4 59 4 Residential Real Estate 3,321 3,490 94 3,593 179 Consumer and Other 397 398 143 411 15 Total Impaired Loans $ 9,760 $ 10,058 $ 529 $ 10,187 $ 436 2017 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Agriculture and Agricultural Real Estate $ 829 $ 826 $ - $ 849 $ 42 Commercial - - - - - Commercial Real Estate 1,977 2,034 - 2,175 83 Construction Real Estate 17 21 - 83 6 Residential Real Estate 3,757 3,935 - 4,048 198 Consumer and Other 30 30 - 32 2 With an allowance recorded: Agriculture and Agricultural Real Estate 241 240 1 243 13 Commercial 265 268 148 280 12 Commercial Real Estate 1,776 1,783 219 1,840 69 Construction Real Estate 1,586 1,619 360 1,629 76 Residential Real Estate 1,464 1,515 177 1,517 65 Consumer and Other 402 403 205 416 18 Total: Agriculture and Agricultural Real Estate $ 1,070 $ 1,066 $ 1 $ 1,092 $ 55 Commercial 265 268 148 280 12 Commercial Real Estate 3,753 3,817 219 4,015 152 Construction Real Estate 1,603 1,640 360 1,712 82 Residential Real Estate 5,221 5,450 177 5,565 263 Consumer and Other 432 433 205 448 20 Total Impaired Loans $ 12,344 $ 12,674 $ 1,110 $ 13,112 $ 584 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Agriculture and Agricultural Real Estate $ 966 $ 1,164 $ - $ 1,021 $ 46 Commercial 88 140 - 123 10 Commercial Real Estate 4,295 4,502 - 4,525 201 Construction Real Estate 144 177 - 171 9 Residential Real Estate 4,916 5,157 - 5,269 247 Consumer and Other 11 11 - 14 1 With an allowance recorded: Agriculture and Agricultural Real Estate 246 246 5 248 13 Commercial 267 274 199 417 15 Commercial Real Estate 2,558 2,610 129 2,745 111 Construction Real Estate 1,573 1,573 388 1,591 73 Residential Real Estate 2,182 2,224 236 2,281 87 Consumer and Other 465 465 184 482 23 Total: Agriculture and Agricultural Real Estate $ 1,212 $ 1,410 $ 5 $ 1,269 $ 59 Commercial 355 414 199 540 25 Commercial Real Estate 6,853 7,112 129 7,270 312 Construction Real Estate 1,717 1,750 388 1,762 82 Residential Real Estate 7,098 7,381 236 7,550 334 Consumer and Other 476 476 184 496 24 Total Impaired Loans $ 17,711 $ 18,543 $ 1,141 $ 18,887 $ 836 The Bank may may Loans that were classified as TDRs during the years ended December 31, 2018 December 31, 2017 000s December 31, 2018 December 31, 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 - - - 3 95 80 Commercial Real Estate 2 341 281 6 1,052 891 Construction Real Estate - - - 1 21 17 Residential Real Estate 3 250 78 7 440 273 Consumer and Other - - - 2 32 7 Total 5 $ 591 $ 359 19 $ 1,640 $ 1,268 The Bank considers TDRs that become past due under the modified terms as defaulted. Loans that became TDRs during the years ended December 31, 2018 December 31, 2017 December 31, 2018 December 31, 2017, 000s December 31, 2018 December 31, 2017 Number of Contracts Recorded Principal Balance Number of Contracts Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - - $ - Commercial - - - - Commercial Real Estate 2 281 - - Construction Real Estate - - - - Residential Real Estate - - 1 98 Consumer and Other - - - - Total 2 $ 281 1 $ 98 A modification of a loan constitutes a TDR when a borrower is experiencing financial difficulty and the modification constitutes a concession. The Corporation offers various types of concessions when modifying a loan, however, forgiveness of principal is rarely granted. Commercial loans modified in a TDR often involve temporary interest-only payments, term extensions, and converting revolving credit lines to term loans. Additional collateral, a co-borrower, or a guarantor may may The regulatory guidance requires loans to be accounted for as collateral-dependent loans when borrowers have filed Chapter 7 not At December 31, 2018 no |
Note 6 - Bank Premises and Equi
Note 6 - Bank Premises and Equipment | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Property, Plant and Equipment Disclosure [Text Block] | ( 6 Bank premises and equipment as of year-end are as follows ( 000s 2018 2017 Land, buildings and improvements $ 46,849 $ 46,057 Equipment, furniture and fixtures 25,784 25,819 Total Bank premises and equipment $ 72,633 $ 71,876 Less accumulated depreciation 45,783 44,476 Bank premises and equipment, net $ 26,850 $ 27,400 Bank Premises and Equipment includes Construction in Progress of $1,768,000 December 31, 2018 $1,070,000 December 31, 2017. 2019. December 31, 2018 $1,131,000. The Company has entered into lease commitments for office and ATM locations. Rental expense charged to operations was $156,000, $163,000, $179,000, December 31, 2018, 2017, 2016, Year Minimum Payment 2019 $ 123,000 2020 50,000 2021 36,000 2022 30,000 2023 12,000 Thereafter 4,000 Total $ 255,000 |
Note 7 - Deposits
Note 7 - Deposits | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | ( 7 Deposits Interest expense on time certificates of deposit of $250,000 2018 $150,000, $159,000 2017, $156,000 2016. December 31, 2018, $250,000 $15,540,000, $16,747,000 December 31, 2017. 1 $56,359,000 December 31, 2018 $68,534,000 December 31, 2017. December 31, 2018 ( 000s Under $250,000 $250,000 and over 2019 $ 52,537 $ 11,545 2020 27,293 1,933 2021 12,381 1,048 2022 7,038 606 2023 5,652 408 Thereafter - - Total $ 104,901 $ 15,540 The Bank did not December 31, 2018 2017. |
Note 8 - Federal Home Loan Bank
Note 8 - Federal Home Loan Bank Advances and Repurchase Agreements | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Federal Home Loan Bank Advances, Disclosure [Text Block] | ( 8 ) Federal Home Loan Bank Advances and Repurchase Agreements The Bank had one $10,000,000 2.54%, 2028 December 31, 2018. not December 31, 2017 2016. The Bank maintains an overdraft line of credit with the Federal Home Loan Bank of Indianapolis. The amount of credit outstanding was $0 December 31, 2018 2017. $20,000,000 December 31, 2018 2017. 2.87% December 31, 2018 1.67% December 31, 2017. As of December 31, 2018 $44,696,000 December 31, 2017 $21,805,000 The Bank did not December 31, 2018 December 31, 2017. |
Note 9 - Retirement Plans and P
Note 9 - Retirement Plans and Postretirement Benefit Plans | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Pension and Other Postretirement Benefits Disclosure [Text Block] | ( 9 ) Retirement Plans and Postr etirement Benefit Plans In 2000, 401 2002, 401 4% 401 5% may 1 75 $24,500 2018. 2018, 2017, 2016, 100% first 3% 50% 2% may 401 no 2018, 2017, 2016. $550,000, December 31, 2018, $509,000 December 31, 2017, $512,000 December 31, 2016. The Bank has a postretirement benefit plan that generally provides for the continuation of medical premium payments for all employees hired before January 1, 2007 55 not $265,000 2018, $206,000 2017, $205,000 2016. 200% December 31, 1992. A reconciliation of the accumulated postretirement benefit obligation (“APBO”) to the amounts recorded in the consolidated balance sheets in Interest Payable and Other Liabilities at December 31 000s 2018 2017 APBO $ 3,685 $ 4,111 Unrecognized net gain (loss) 27 (474 ) Accrued benefit cost at fiscal year end $ 3,712 $ 3,637 Components of the Bank’s postretirement benefit expense were as follows: 2018 2017 2016 Service cost $ 101 $ 117 $ 128 Interest cost 140 156 142 Amortization of gains 3 - - Net postretirement benefit expense $ 244 $ 273 $ 270 The APBO as of December 31, 2018 2017 4.25% 3.50 200% 1992 2004, not The Bank Owned Life Insurance policies fund a Death Benefit Only (DBO) obligation that the Bank has with 5 5 9 15 $500,000 3 $600,000 5 $750,000 10 $1,000,000 10 two Information for the postretirement death benefits and health care benefits is as follows as of the December 31 000s Postretirement Death Benefit Obligations Postretirement Health Care Benefits 2018 2017 2018 2017 Change in benefit obligation Benefit obligation at beginning of year $ 6,950 $ 6,185 $ 4,111 $ 3,745 Service cost 12 7 101 117 Interest cost 238 242 140 156 Actuarial loss (gain) (499 ) 516 (498 ) 207 Benefits paid, net of participants' contributions (138 ) - (169 ) (114 ) Benefit obligation at end of year $ 6,563 $ 6,950 $ 3,685 $ 4,111 Change in accrued benefit cost Accrued benefit cost at beginning of year $ 5,606 $ 5,196 $ 3,637 $ 3,478 Service cost 12 7 101 117 Interest cost 238 242 140 156 Amortization 161 161 3 - Employer contributions (138 ) - (169 ) (114 ) Net gain - - - - Accrued benefit cost at end of year $ 5,879 $ 5,606 $ 3,712 $ 3,637 Change in plan assets Fair value of plan assets at beginning of year $ - $ - $ - $ - Employer contributions 138 - 169 114 Plan participants' contributions - - 96 92 Benefits paid during year (138 ) - (265 ) (206 ) Fair value of plan assets at end of year $ - $ - $ - $ - Funded status at end of year $ (6,563 ) $ (6,950 ) $ (3,685 ) $ (4,111 ) Amounts recognized in other liabilities as of December 31 000s Postretirement Death Benefit Obligations Postretirement Health Care Benefits 2018 2017 2018 2017 Assets $ - $ - $ - $ - Liabilities 6,563 6,950 3,685 4,111 Total $ 6,563 $ 6,950 $ 3,685 $ 4,111 Amounts recognized in accumulated other comprehensive income as of December 31 000s Postretirement Death Benefit Obligations Postretirement Health Care Benefits 2018 2017 2018 2017 Net loss (gain) $ (309 ) $ 190 $ (27 ) $ 474 Transition obligation (asset) - - - - Prior service cost (credit) 993 1,154 - - Total included in AOCI $ 684 $ 1,344 $ (27 ) $ 474 The projected payments under each postretirement plan for the next 10 Year Postretirement Death Benefit Obligations Postretirement Health Care Benefits 2019 $ 356,000 $ 150,000 2020 367,000 166,000 2021 385,000 176,000 2022 396,000 183,000 2023 404,000 188,000 2024 - 2028 2,021,000 1,037,000 |
Note 10 - Stockholders' Equity
Note 10 - Stockholders' Equity | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | ( 1 0 ) Stockholders’ Equity During 2018, 125,871 no $1,330,000. During 2017, 129,962 no $1,447,000. |
Note 11 - Disclosures About Fai
Note 11 - Disclosures About Fair Value of Financial Instruments | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | ( 1 1 ) Disclosures about Fair Value of Financial Instruments Certain of the Bank’s assets and liabilities are financial instruments that have fair values that differ from their carrying values in the accompanying consolidated balance sheets. These fair values, along with the methods and assumptions used to estimate such fair values, are discussed below. The fair values of all financial instruments not December 31, 2018 2017. CASH AND CASH EQUIVALENTS The carrying amounts of cash and cash equivalents approximate fair values. TIME DEPOSITS IN OTHER BANKS Time Deposits in Other Banks consists of marketable certificates of deposit in other banks that were purchased as investments. Fair value for the Bank’s investment in time deposits in other banks was determined using the market value in active markets, where available. When not 2 1 3 no INVESTMENT SECURITIES Fair value for the Bank’s investment securities was determined using the market value in active markets, where available. When not 2 1 3 no 3 19. LOANS AND LOANS HELD FOR SALE Loans Held for Sale consists of fixed rate mortgage loans originated by the Bank. The fair value of Loans Held for Sale is the estimated value the Bank will receive upon sale of the loan. The fair value of all other loans is estimated by discounting the future cash flows associated with the loans, using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The discount rate assumption used as of December 31, 2018 December 31, 2017 not DEPOSIT LIABILITIES The fair values for demand deposits are, by definition, equal to the amount payable on demand at the reporting date (i.e. the carrying amounts). The carrying amounts of variable rate certificates of deposit approximate their fair values at the reporting date. Fair values of fixed rate, fixed maturity, certificates of deposit is estimated by discounting the related cash flows using the rates currently offered for deposits of similar remaining maturities. FEDERAL HOME LOAN BANK ADVANCES The estimated fair value of the Federal Home Loan Bank Advances is estimated by discounting the related cash flows using the rates currently available for similarly structured borrowings with similar maturities. ACCRUED INTEREST The carrying amounts of accrued interest approximate fair value. OFF-BALANCE-SHEET FINANCIAL INSTRUMENTS The fair values of commitments to extend credit and standby letters of credit and financial guarantees written are estimated using the fees currently charged to engage into similar agreements. The fair values of these instruments are not FAIR VALUES The carrying amounts and approximate fair values as of December 31, 2018 December 31, 2017 000s Total Carrying Estimated December 31, 2018 Value Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and due from banks $ 51,842 $ 51,842 $ - $ - $ 51,842 Time Deposits in Other Banks 10,796 - 10,548 - 10,548 Securities - Available for Sale Obligations of U.S. Government Agencies 128,235 - 128,235 - 128,235 MBS issued by U.S. Government Agencies 190,554 - 190,554 - 190,554 Obligations of States and Political Subdivisions 69,109 - 69,109 - 69,109 Corporate Debt Securities 13,715 - 13,715 - 13,715 Equity Securities 7,415 2,042 5,373 - 7,415 Loans Held for Sale 488 - - 502 502 Loans, net 1 760,889 - - 750,249 750,249 Accrued Interest Receivable 4,413 - - 4,413 4,413 Financial Liabilities: Noninterest Bearing Deposits 297,704 297,704 - - 297,704 Interest Bearings Deposits 885,206 - 885,886 - 885,886 Federal Home Loan Bank Advances 10,000 - - 10,042 10,042 Accrued Interest Payable 65 - - 65 65 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 Other 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 1 687,313 - - 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 Bearings Deposits 898,326 - 899,481 - 899,481 Accrued Interest Payable 61 - - 61 61 1 December 31, 2018 December 31, 2017 not |
Note 12 - Federal Income Taxes
Note 12 - Federal Income Taxes | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | ( 12 Federal Income Taxes Deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be reversed. The Corporation and the Bank file a consolidated federal income tax return. The current and deferred components of the provision for Federal income taxes were as follows ( 000s 2018 2017 2016 Current $ 3,658 $ 1,826 $ 2,725 Deferred 287 3,797 3,512 Remeasurement of deferred taxes - 4,278 - Tax expense $ 3,945 $ 9,901 $ 6,237 The effective tax rate differs from the statutory rate applicable to corporations as a result of permanent differences between accounting and taxable income as follows: 2018 2017 2016 Statutory rate 21.0 % 34.0 % 34.0 % Municipal interest income (1.6 ) (2.1 ) (2.0 ) Other, net (1.2 ) (4.5 ) (1.9 ) Remeasurement of deferred taxes - 20.9 - Effective tax rate 18.2 % 48.3 % 30.1 % In accordance with ASC 740, not” not not December 31, 2018, 2017, 2016. In the ordinary course of business, the Company enters into certain transactions that have tax consequences. From time to time, the Internal Revenue Service (IRS) questions and/or challenges the tax positions taken by the Company with respect to those transactions. The Company believes that its tax returns were filed based upon applicable statutes, regulations, and case law in effect at the time of the transactions. The IRS, an administrative authority of a court, if presented with the transactions could disagree with the Company’s interpretation of the tax law. The components of the net deferred federal income tax asset (included in Interest Receivable and Other Assets on the accompanying consolidated balance sheets) at December 31 000s 2018 2017 Deferred federal income tax assets: Allowance for loan losses $ 1,702 $ 1,680 Net deferred loan origination fees (11 ) 74 Tax versus book depreciation differences (28 ) 59 Net unrealized losses on securities available for sale 2,442 1,667 Accrued postretirement benefits 2,372 2,242 Postretirement benefits in other comprehensive income 138 382 Alternative minimum tax - - Non-accrual loan interest 152 158 Other real estate owned 35 325 Other, net 504 512 Total deferred federal tax asset $ 7,306 $ 7,099 Deferred federal income tax liabilities: Accretion of bond discount $ (31 ) $ (27 ) Prepaid expenses (116 ) (157 ) Other (83 ) (83 ) Total deferred federal tax liabilities $ (230 ) $ (267 ) Net deferred federal income tax asset $ 7,076 $ 6,832 The Tax Cuts and Jobs Act of 2017 21 December 31, 2017, $2,343,000 |
Note 13 - Regulatory Capital Re
Note 13 - Regulatory Capital Requirements | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | ( 1 3 ) Regulatory Capital Requirements The Corporation and the Bank are subject to various regulatory capital requirements administered by the Federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory (and possibly additional discretionary) actions by regulators that, if undertaken, could have a direct material effect on the Corporation’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Corporation and the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Corporation and the Bank to maintain minimum amounts and ratios (set forth in the accompanying tables) of Total and Tier 1 1 In 2013, January 1, 2015, first 2015. 1 As of December 31, 2018 2017, 1 1 not 8 The Bank is considered to be “Well Capitalized” as of December 31, 2018 2017, no December 31, 2018 The Corporation’s and Bank’s actual capital amounts and ratios are also presented in the table ( 000s Actual Minimum to Qualify as Well Capitalized Amount Ratio Amount Ratio As of December 31, 2018: Total Risk Based Capital to Risk-Weighted Assets Consolidated $ 145,480 15.79 % $ 92,111 10 % Monroe Bank & Trust 143,583 15.61 % 91,976 10 % Tier 1 Capital to Risk-Weighted Assets Consolidated 137,374 14.91 % 73,689 8 % Monroe Bank & Trust 135,477 14.73 % 73,580 8 % Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 137,374 14.91 % 59,872 6.5 % Monroe Bank & Trust 135,477 14.73 % 59,784 6.5 % Tier 1 Capital to Average Assets Consolidated 137,374 10.28 % 66,824 5 % Monroe Bank & Trust 135,477 10.15 % 66,741 5 % Actual Minimum to Qualify as Well Capitalized Amount Ratio Amount Ratio As of December 31, 2017: Total Risk Based Capital to Risk-Weighted Assets Consolidated $ 148,387 17.39 % $ 85,350 10 % Monroe Bank & Trust 146,842 17.21 % 85,343 10 % Tier 1 Capital to Risk-Weighted Assets Consolidated 140,364 16.45 % 68,280 8 % Monroe Bank & Trust 138,819 16.27 % 68,274 8 % Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 140,364 16.45 % 55,477 6.5 % Monroe Bank & Trust 138,819 16.27 % 55,473 6.5 % Tier 1 Capital to Average Assets Consolidated 140,364 10.44 % 67,229 5 % Monroe Bank & Trust 138,819 10.33 % 67,216 5 % |
Note 14 - Earnings Per Share
Note 14 - Earnings Per Share | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | ( 1 4 ) Earnings Per Share The calculation of earnings per common share for the years ended December 31 2018 2017 2016 Basic Net income $ 17,699,000 $ 10,609,000 $ 14,501,000 Less preferred dividends - - - Net income applicable to common stock $ 17,699,000 $ 10,609,000 $ 14,501,000 Average common shares outstanding 22,976,393 22,860,767 22,802,325 Income per common share - basic $ 0.77 $ 0.46 $ 0.64 2018 2017 2016 Diluted Net income $ 17,699,000 $ 10,609,000 $ 14,501,000 Less preferred dividends - - - Net income applicable to common stock $ 17,699,000 $ 10,609,000 $ 14,501,000 Average common shares outstanding 22,976,393 22,860,767 22,802,325 Stock based compensation adjustment 92,661 158,949 134,868 Average common shares outstanding - diluted 23,069,054 23,019,716 22,937,193 Income per common share - diluted $ 0.77 $ 0.46 $ 0.63 Stock awards totaling 94,000, 91,500 213,101 not December 31, 2018, 2017, 2016, |
Note 15 - Stock-based Compensat
Note 15 - Stock-based Compensation Plan | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | ( 1 5 ) Stock-Based Compensation Plan The MBT Financial Corp. 2008 May 1, 2008 May 1, 2018 1,000,000 May 7, 2015 1,500,000. May 3, 2018 2018 2018 2008 1,500,000 May 3, 2028. The amount that may one 100,000 one December 31, 2018, 1,481,870. Grants under the Stock Incentive Plan can be in the form of Stock Options, Stock Only Stock Appreciation Rights (SOSARs), Restricted Stock Awards, or Restricted Stock Unit Awards. Stock Only Stock Appreciation Rights (SOSARs) – February 22, 2018, 105,000 2008 10 three December 31, 2018. may The fair value of each SOSAR grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions used for grants in 2018, 2017, 2016: seven 23.64%, 33.54%, 41.21%; 2.86%, 2.20%, 1.47%; 2.18%, 1.83%, 1.50%. A summary of the status of SOSARs under the plan is presented in the table below. SOSARs Exercisable at each year end excludes SOSARs that are vested but not 2018 2017 2016 Stock Only Stock Appreciation Rights (SOSARs) Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price SOSARs Outstanding, January 1 372,585 $ 6.82 467,118 $ 5.37 609,275 $ 4.02 Granted 105,000 10.45 94,500 10.90 105,500 8.26 Exercised 125,870 4.33 172,260 5.05 238,818 3.18 Forfeited 4,336 10.09 16,773 7.78 8,839 5.68 Expired - - - - - - SOSARs Outstanding, December 31 347,379 $ 8.78 372,585 $ 6.82 467,118 $ 5.37 SOSARs Exercisable, December 31 153,879 $ 6.42 250,565 $ 5.16 358,242 $ 4.83 Weighted Average Fair Value of SOSARs Granted During Year $ 2.36 $ 3.37 $ 3.08 The SOSARs outstanding as of December 31, 2018 $1.85 $10.90. December 31, 2018 $9.30, not Outstanding SOSARs Exercisable SOSARs Exercise Price Shares Remaining Life (in years) Shares Remaining Life (in years) $ 1.85 2,000 2.07 2,000 2.07 $ 2.35 5,000 4.01 5,000 4.01 $ 4.90 24,002 5.19 24,002 5.19 $ 4.94 21,337 6.07 21,337 6.07 $ 5.79 36,034 6.41 36,034 6.41 $ 8.26 65,506 7.15 65,506 7.15 $ 10.45 105,000 9.15 - 9.15 $ 10.90 88,500 8.15 - 8.15 347,379 7.66 153,879 6.39 A summary of the status of the Corporation’s non-vested SOSARs as of December 31, 2018 December 31, 2018 Nonvested SOSAR Shares Shares Weighted Average Grant Date Fair Value Nonvested at January 1, 2018 91,536 $ 3.28 Granted 105,000 2.36 Vested (93,989 ) 2.90 Forfeited (3,337 ) 3.25 Nonvested at December 31, 2018 99,210 $ 2.66 As of December 31, 2018, $264,000 1.63 Restricted Stock Awards – February 22, 2018, 7,500 2008 December 31, 2018. $10.45 A summary of the status of the Corporation’s non-vested restricted stock awards as of December 31, 2018, 2017, 2016, Restricted Stock Awards 2018 2017 2016 Nonvested at January 1 - 1,250 2,500 Granted 7,500 6,000 6,000 Vested 7,500 7,250 6,250 Forfeited - - 1,000 Nonvested at December 31 - - 1,250 The total expense recorded for the restricted stock awards was $78,000 2018, $69,000 2017, $50,000 2016. $0 December 31, 2018, $0 December 31, 2017, $4,000 December 31, 2016. Restricted Stock Unit Awards – Key executives were granted 21,500 February 22, 2018. December 15, 2020 two December 31, 2019: Two Year Cumulative Basic EPS for the Two Year Performance Period Ending December 31, 2019 Percent of Target Achieved Percent RSUs Vested $1.6534 100% 100% $1.5707 95% 83% $1.4881 90% 67% $1.4054 85% 50% less than $1.4054 0% Restricted stock units are valued based on the share price at the date of grant multiplied by the number of units granted. The performance objective is expected to be met and 21,500 $10.45 2018 $225,000. Key executives were granted 24,000 February 23, 2017. December 15, 2019 $1.23 two December 31, 2018. 24,000 $10.90 2017 $262,000. Accordingly, the Company recorded expenses of $355,000 2018 $237,000 2017 $237,000 December 31, 2018. may The RSU agreements grant the Compensation Committee of the Board of Directors the right to adjust the reported earnings per share (eps) for extraordinary transactions which may December 22, 2017 February 22, 2018, $0.08 2018 2017. The following table presents the recorded expense for all Stock Based Compensation awards for the years ended December 31, December 31 000s 2018 2017 2016 Recorded expense for all Stock Based Compensation awards $ 683 $ 614 $ 548 Unrecognized compensation expense for all Stock Based Compensation awards $ 501 $ 557 $ 524 |
Note 16 - Parent Company
Note 16 - Parent Company | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | ( 1 6 ) Parent Company Condensed parent company financial statements, which include transactions with the subsidiary, are as follows ( 000s Balance Sheets December 31, 2018 2017 Assets Cash and due from banks $ 804 $ 1,596 Interest Bearing Time Deposits in Other Banks 250 250 Equity Securities 1,225 - Investment in subsidiary bank 125,770 131,113 Other assets 129 68 Total assets $ 128,178 $ 133,027 Liabilities Accounts payable and accrued expenses $ 511 $ 369 Total liabilities 511 369 Stockholders' Equity Total stockholders' equity 127,667 132,658 Total liabilities and stockholders' equity $ 128,178 $ 133,027 Statements of Income Years Ended December 31, 2018 2017 2016 Income Dividends from subsidiary bank $ 22,100 $ 20,600 $ 15,650 Interest Income 3 2 - Total income 22,103 20,602 15,650 Expense Other expense 1,178 454 332 Total expense 1,178 454 332 Income before tax and equity in undistributed net income of subsidiary bank 20,925 20,148 15,318 Income tax expense (benefit) (114 ) (158 ) (113 ) Income (Loss) before equity in undistributed net income of subsidiary bank 21,039 20,306 15,431 Equity in undistributed net income of subsidiary bank (3,340 ) (9,697 ) (930 ) Net Income $ 17,699 $ 10,609 $ 14,501 Statements of Cash Flows Years Ended December 31, 2018 2017 2016 Cash Flows Provided By Operating Activities: Net income $ 17,699 $ 10,609 $ 14,501 Equity in undistributed net income of subsidiary bank 3,340 9,697 930 Net (decrease) increase in other liabilities 142 (505 ) 387 Net decrease in other assets 228 731 376 Net cash provided by operating activities $ 21,409 $ 20,532 $ 16,194 Cash Flows Used For Investing Activities: Purchase of investment securities $ (1,225 ) $ - $ - Purchase of time deposits in other banks - (250 ) Investment in subsidiary - - - Net cash used for investing activities $ (1,225 ) $ (250 ) $ - Cash Flows Provided By Financing Activities: Issuance of common stock $ 375 $ 354 $ 221 Repurchase of common stock - - (1,414 ) Dividends paid (21,351 ) (21,015 ) (14,636 ) Net cash used for financing activities $ (20,976 ) $ (20,661 ) $ (15,829 ) Net Increase (Decrease) In Cash And Cash Equivalents $ (792 ) $ (379 ) $ 365 Cash and Cash Equivalents At Beginning Of Year 1,596 1,975 1,610 Cash And Cash Equivalents At End Of Year $ 804 $ 1,596 $ 1,975 Under current regulations, the Bank is limited in the amount it may may not ten December 31, 2018, $14,325,000. not Federal and state banking laws place certain restrictions on the amount of dividends a bank may |
Note 17 - Financial Instruments
Note 17 - Financial Instruments With Off-balance Sheet Risk | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Fair Value of Off-Balance Sheet Risks Disclosure [Text Block] | ( 1 7 ) Financial Instruments with Off-Balance Sheet Risk 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 balance sheets. 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 at December 31 000s Contractual Amount 2018 2017 Commitments to extend credit: Unused portion of commercial lines of credit $ 116,119 $ 103,080 Unused portion of credit card lines of credit 6,680 5,934 Unused portion of home equity lines of credit 34,621 30,368 Standby letters of credit and financial guarantees written 1,763 1,364 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 $1,763,000 2019. Various legal claims also arise from time to time in the normal course of business, which, in the opinion of management, will have no |
Note 18 - Quarterly Financial I
Note 18 - Quarterly Financial Information (Unaudited) | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Quarterly Financial Information [Text Block] | ( 1 8 ) Quarterly Financial Information (Unaudited) ( 000s 2018 First Second Third Fourth Total Interest Income $ 10,956 $ 11,324 $ 11,892 $ 12,122 Total Interest Expense 420 491 675 669 Net Interest Income 10,536 10,833 11,217 11,453 Recovery of Loan Losses (100 ) - - - Other Income 3,784 4,403 4,040 3,313 Other Expenses 9,792 9,186 9,156 9,901 Income Before Provision For Income Taxes 4,628 6,050 6,101 4,865 Provision For Income Taxes 726 1,105 1,127 987 Net Income $ 3,902 $ 4,945 $ 4,974 $ 3,878 Basic Earnings Per Common Share $ 0.17 $ 0.22 $ 0.21 $ 0.17 Diluted Earnings Per Common Share $ 0.17 $ 0.21 $ 0.21 $ 0.17 Dividends Declared Per Share $ 0.66 $ 0.07 $ 0.10 $ 0.10 2017 First Second Third Fourth Total Interest Income $ 10,051 $ 10,301 $ 10,658 $ 10,790 Total Interest Expense 456 437 427 417 Net Interest Income 9,595 9,864 10,231 10,373 Recovery of Loan Losses (200 ) - - (500 ) Other Income 3,820 4,370 4,035 3,657 Other Expenses 9,062 9,008 8,950 9,115 Income Before Provision For Income Taxes 4,553 5,226 5,316 5,415 Provision For Income Taxes 1,373 1,586 1,383 5,559 Net Income $ 3,180 $ 3,640 $ 3,933 $ (144 ) Basic Earnings Per Common Share $ 0.14 $ 0.16 $ 0.17 $ (0.01 ) Diluted Earnings Per Common Share $ 0.14 $ 0.16 $ 0.17 $ (0.01 ) Dividends Declared Per Share $ 0.75 $ 0.05 $ 0.06 $ 0.06 |
Note 19 - Fair Value Disclosure
Note 19 - Fair Value Disclosures | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] | ( 19 The following tables present information about the Corporation’s assets measured at fair value on a recurring basis at December 31, 2018 2017, In general, fair values determined by Level 1 Fair values determined by Level 2 2 Level 3 not 3 December 31, 2018 2017. 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 Corporation’s assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset. Assets measured at fair value on a recurring basis are as follows ( 000’s Investment Securities Available for Sale at December 31, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Obligations of U.S. Government Agencies $ - $ 128,235 $ - MBS issued by U.S. Government Agencies 190,554 Obligations of States and Political Subdivisions - 69,109 - Corporate Debt Securities - 13,715 - Total Securities Available for Sale $ - $ 401,613 $ - Investment Securities Available for Sale at December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Obligations of U.S. Government Agencies $ - $ 135,880 $ - MBS issued by U.S. Government Agencies 244,777 Obligations of States and Political Subdivisions - 36,983 - Corporate Debt Securities - 23,083 - Other Securities 2,093 - - Total Securities Available for Sale $ 2,093 $ 440,723 $ - The Company did not 3 2018 2017. 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 non-recurring basis. These assets include held to maturity investments and loans. The Company estimated the fair values of these assets using Level 3 Assets measured at fair value on a nonrecurring basis are as follows ( 000’s Balance at December 31, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans $ 9,760 $ - $ - $ 9,231 Other Real Estate Owned $ 692 $ - $ - $ 692 Balance at December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans $ 12,344 $ - $ - $ 11,234 Other Real Estate Owned $ 1,412 $ - $ - $ 1,412 Impaired loans categorized as Level 3 |
Note 20 - Subsequent Events
Note 20 - Subsequent Events | 12 Months Ended |
Dec. 31, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | ( 20 ) Subsequent Events The Company announced on October 10, 2018 two February 14, 2019 first 2019. first 2019. $389.0 $11.6 December 31, 2018, $11.9 $10 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Corporation and its subsidiary. All material intercompany transactions and balances have been eliminated. Certain prior year amounts have been reclassified to conform to the current year presentation. |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK Most of the Corporation's activities are with customers located within southeast Michigan. Notes 3 4 not one one |
Investment, Policy [Policy Text Block] | INVESTMENT SECURITIES Certificates of deposit in other financial institutions are carried at cost. All certificates of deposit in other financial institutions had balances less than or equal to $250,000 Investment securities that are classified as “held to maturity” are stated at cost, and adjusted for accumulated amortization of premium and accretion of discount. The Bank had the intention and, in Management’s opinion, the ability to hold these investment securities until maturity. In 2018, not Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Declines in the fair value of held-to-maturity and available-for-sale securities below their cost that are deemed to be other than temporary are reflected in earnings as realized losses. In estimating other-than-temporary impairment losses, management considers the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, and the intent and ability of the Corporation to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Gains and losses on the sale of securities are recorded on the trade date and are determined using the specific identification method. Management evaluates securities for other-than-temporary impairment (“OTTI”) on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. When evaluating investment securities consideration is given to the length of time and the extent to which the fair value has been less than cost, the financial condition and near-term prospects of the issuer, whether the market decline was affected by macroeconomic conditions and whether the Company has the intent to sell the debt security or more likely than not may When OTTI occurs, the amount of the OTTI recognized in earnings depends on whether an entity intends to sell the security or it is more likely than not not not |
Finance, Loan and Lease Receivables, Held-for-investment, Policy [Policy Text Block] | LOANS The Bank grants mortgage, commercial, and consumer loans to customers. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding unpaid principal balances adjusted for charge-offs, the allowance for loan losses, and any deferred fees or costs on originated loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. The accrual of interest on loans is discontinued at the time the loan is 90 All interest accrued but not |
Federal Home Loan Bank Advances [Policy Text Block] | FEDERAL HOME LOAN BANK STOCK The Bank is a member of the Federal Home Loan Bank of Indianapolis (FHLBI). Members are required to own a certain amount of stock based on the level of borrowings and other factors. Stock in the FHLBI is recorded at redemption value which approximates fair value. The Company periodically evaluates the FHLBI stock for impairment based on ultimate recovery of par value. Both cash and stock dividends are reported as income. |
Finance, Loan and Lease Receivables, Held-for-sale, Policy [Policy Text Block] | LOANS HELD FOR SALE Loans held for sale consist of fixed rate residential mortgage loans with maturities of 10 30 |
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block] | ALLOWANCE FOR LOAN LOSSES The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management's periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The allowance consists of specific, general, and unallocated components. The specific component relates to loans that are classified as non-accrual or renegotiated. For such loans that are also classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers non-classified loans and is based on historical loss experience, adjusted for qualitative factors. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probably losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. A loan is considered impaired when, based on current information and events, it is probable that the Corporation will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not Troubled debt restructuring of loans is undertaken to improve the likelihood that the loan will be repaid in full under the modified terms in accordance with a reasonable repayment schedule. All modified loans are evaluated to determine whether the loans should be reported as Troubled Debt Restructurings (TDR). A loan is a TDR when the Bank, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower by modifying a loan. To make this determination, the Bank must determine whether (a) the borrower is experiencing financial difficulties and (b) the Bank granted the borrower a concession. This determination requires consideration of all of the facts and circumstances surrounding the modification. An overall general decline in the economy or some deterioration in a borrower’s financial condition does not Large groups of homogeneous loans are collectively evaluated for impairment. Accordingly, the Corporation does not |
Finance, Loan and Lease Receivables, Held for Investments, Foreclosed Assets Policy [Policy Text Block] | FORECLOSED ASSETS (INCLUDES OTHER REAL ESTATE OWNED) Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at the lower of fair value less costs to sell or the loan carrying amount at the date of the foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by Management and the assets are carried at the lower of carrying amount or fair value less cost to sell. Expenses from operations and changes in the valuation allowance are included in net expenses from foreclosed assets. |
Property, Plant and Equipment, Policy [Policy Text Block] | BANK PREMISES AND EQUIPMENT Bank premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed generally on the straight-line method over the estimated useful lives of the assets. Upon the sale or other disposition of assets, the cost and related accumulated depreciation are retired and the resulting gain or loss is recognized. Maintenance and repairs are charged to expense as incurred, while renewals and improvements are capitalized. Software costs related to externally developed systems are capitalized at cost less accumulated amortization. Amortization is computed on the straight-line method over the estimated useful life. |
Bank Owned Life Insurance [Policy Text Block] | BANK OWNED LIFE INSURANCE Bank owned life insurance policies are stated at the current cash surrender value of the policy, or the policy death proceeds less any obligation to provide a death benefit to an insured’s beneficiaries if that value is less than the cash surrender value. Increases in the asset value are recorded as earnings in other income. |
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. The components of accumulated other comprehensive loss and related tax effects are as follows: Dollars in thousands 2018 2017 2016 Net unrealized losses on securities available for sale $ (11,630 ) $ (7,937 ) $ (10,143 ) Post retirement benefit obligations (657 ) (1,818 ) (1,256 ) Tax effect 2,580 2,049 3,876 Accumulated other comprehensive loss $ (9,707 ) $ (7,706 ) $ (7,523 ) |
Cash and Cash Equivalents, Policy [Policy Text Block] | CASH AND CASH EQUIVALENTS For the purpose of the consolidated statement of cash flows, cash and cash equivalents include cash and balances due from banks and federal funds sold with original maturities within 90 |
Deposit Liabilities [Policy Text Block] | DEPOSIT LIABILITIES The estimated fair value of non-maturity deposit accounts, such as checking, savings, and money market demand deposit accounts, is represented by the amounts payable on demand. The estimated fair value of time deposits, such as certificates of deposit and individual retirement accounts, is calculated by discounting the scheduled cash flows using the period-end rates offered on these instruments. As such, the Corporation classifies the estimated fair value of deposit liabilities as Level 2. |
Income Tax, Policy [Policy Text Block] | INCOME TAXES Deferred income tax assets and liabilities are determined using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the various temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | STOCK-BASED COMPENSATION The Corporation has several stock based compensation plans (Note 15 |
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block] | OFF BALANCE SHEET INSTRUMENTS In the ordinary course of business, the Corporation has entered into commitments to extend credit, including commitments under credit card arrangements, home equity lines of credit, commercial letters of credit and standby letters of credit. Such financial instruments are recorded when they are funded. Additional information regarding Off Balance Sheet Instruments is included in Note 17 |
Fair Value Measurement, Policy [Policy Text Block] | FAIR VALUE The Corporation 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 Corporation uses various valuation techniques and assumptions when estimating fair value. The Corporation applied the following fair value hierarchy: Level 1 1 Level 2 2 Level 3 3 When determining the fair value measurements for assets and liabilities required or permitted to be recorded at and/or marked to fair value, the Corporation 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 Corporation 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] | RECENT ACCOUNTING PRONOUNCEMENTS The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014 09, 606 not December 15, 2017, December 31, 2018 not not In January 2016, No. 2016 01, January 1, 2018, not 11. In June 2016, No. 2016 13, December 31, 2020. first December 15, 2018, In March 2017, No. 2017 08, 310 20 December 15, 2018 not |
Note 1 - Summary of Significa_2
Note 1 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Dollars in thousands 2018 2017 2016 Net unrealized losses on securities available for sale $ (11,630 ) $ (7,937 ) $ (10,143 ) Post retirement benefit obligations (657 ) (1,818 ) (1,256 ) Tax effect 2,580 2,049 3,876 Accumulated other comprehensive loss $ (9,707 ) $ (7,706 ) $ (7,523 ) |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Debt Securities, Held-to-maturity [Table Text Block] | Held to Maturity December 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair 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 December 31, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Fair Cost Gains Losses Value Obligations of U.S. Government Agencies $ 134,160 $ 1 $ (5,926 ) $ 128,235 Mortgage Backed Securities issued by U.S. Government Agencies 196,224 32 (5,702 ) 190,554 Obligations of States and Political Subdivisions 69,309 604 (804 ) 69,109 Corporate Debt Securities 13,552 173 (10 ) 13,715 $ 413,245 $ 810 $ (12,442 ) $ 401,613 Available for Sale December 31, 2017 Gross Gross Estimated Amortized Unrealized Unrealized Fair 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 Other Securities 2,044 49 - 2,093 $ 450,753 $ 594 $ (8,531 ) $ 442,816 |
Expected Maturities of Amortized Cost and Estimated Market Value [Table Text Block] | Held to Maturity Available for Sale Estimated Weighted Estimated Weighted Amortized Fair Average Amortized Fair Average Cost Value Yield Cost Value Yield Maturing within 1 year $ - $ - 0.00 % $ 8,443 $ 8,476 2.10 % 1 through 5 years - - 0.00 % 66,285 64,725 1.96 % 6 through 10 years - - 0.00 % 102,721 98,566 2.43 % Over 10 years - - 0.00 % 39,572 39,292 2.84 % Total - - 0.00 % 217,021 211,059 2.35 % Mortgage Backed Securities - - 0.00 % 196,224 190,554 2.35 % Total $ - $ - 0.00 % $ 413,245 $ 401,613 2.35 % |
Schedule of Unrealized Loss on Investments [Table Text Block] | December 31, 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 $ 3,946 $ 65 $ 117,750 $ 5,861 $ 121,696 $ 5,926 Mortgage Backed Securities issued by U.S. Government Agencies 19,945 131 165,604 5,571 185,549 5,702 Obligations of States and Political Subdivisions 32,260 573 5,955 231 38,215 804 Corporate Debt Securities 490 10 - - 490 10 $ 56,641 $ 779 $ 289,309 $ 11,663 $ 345,950 $ 12,442 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 |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | 2018 2017 Residential real estate loans $ 230,008 $ 222,014 Commercial real estate loans 279,294 269,644 Construction real estate loans 27,400 23,558 Agriculture and agricultural real estate loans 22,486 21,231 Commercial and industrial loans 162,026 122,219 Loans to individuals for household, family, and other personal expenditures 47,446 36,313 Total loans, gross $ 768,660 $ 694,979 Less: Allowance for loan losses 7,771 7,666 Loans, net of allowance for loan losses $ 760,889 $ 687,313 |
Note 5 - Allowance For Loan L_2
Note 5 - Allowance For Loan Losses and Credit Quality of Loans (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | 2018 Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: Beginning Balance $ 195 $ 1,443 $ 3,297 $ 491 $ 1,279 $ 961 $ 7,666 Charge-offs - - (320 ) - (108 ) (54 ) (482 ) Recoveries 5 95 329 59 138 61 687 Provision 5 (272 ) (294 ) (366 ) (91 ) 918 (100 ) Ending balance $ 205 $ 1,266 $ 3,012 $ 184 $ 1,218 $ 1,886 $ 7,771 Ending balance individually evaluated for impairment $ - $ 142 $ 146 $ 4 $ 94 $ 143 $ 529 Ending balance collectively evaluated for impairment 205 1,124 2,866 180 1,124 1,743 7,242 Ending balance $ 205 $ 1,266 $ 3,012 $ 184 $ 1,218 $ 1,886 $ 7,771 Loans: Ending balance individually evaluated for impairment $ 2,622 $ 226 $ 3,162 $ 32 $ 3,321 $ 397 $ 9,760 Ending balance collectively evaluated for impairment 19,864 161,800 276,132 27,368 226,687 47,049 758,900 Ending balance $ 22,486 $ 162,026 $ 279,294 $ 27,400 $ 230,008 $ 47,446 $ 768,660 2017 Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: Beginning Balance $ 201 $ 1,632 $ 3,336 $ 525 $ 1,599 $ 1,165 $ 8,458 Charge-offs - (6 ) (572 ) - (113 ) (137 ) (828 ) Recoveries 81 139 190 54 198 74 736 Provision (87 ) (322 ) 343 (88 ) (405 ) (141 ) (700 ) Ending balance $ 195 $ 1,443 $ 3,297 $ 491 $ 1,279 $ 961 $ 7,666 Ending balance individually evaluated for impairment $ 1 $ 148 $ 219 $ 360 $ 177 $ 205 $ 1,110 Ending balance collectively evaluated for impairment 194 1,295 3,078 131 1,102 756 6,556 Ending balance $ 195 $ 1,443 $ 3,297 $ 491 $ 1,279 $ 961 $ 7,666 Loans: Ending balance individually evaluated for impairment $ 1,070 $ 265 $ 3,753 $ 1,603 $ 5,221 $ 432 $ 12,344 Ending balance collectively evaluated for impairment 20,161 121,954 265,891 21,955 216,793 35,881 682,635 Ending balance $ 21,231 $ 122,219 $ 269,644 $ 23,558 $ 222,014 $ 36,313 $ 694,979 2016 Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: Beginning Balance $ 389 $ 2,279 $ 4,350 $ 420 $ 2,235 $ 1,223 $ 10,896 Charge-offs (221 ) (26 ) (742 ) - (319 ) (155 ) (1,463 ) Recoveries 6 150 194 151 588 136 1,225 Provision 27 (771 ) (466 ) (46 ) (905 ) (39 ) (2,200 ) Ending balance $ 201 $ 1,632 $ 3,336 $ 525 $ 1,599 $ 1,165 $ 8,458 Ending balance individually evaluated for impairment $ 5 $ 199 $ 129 $ 388 $ 236 $ 184 $ 1,141 Ending balance collectively evaluated for impairment 196 1,433 3,207 137 1,363 981 7,317 Ending balance $ 201 $ 1,632 $ 3,336 $ 525 $ 1,599 $ 1,165 $ 8,458 Loans: Ending balance individually evaluated for impairment $ 1,212 $ 355 $ 6,853 $ 1,717 $ 7,098 $ 476 $ 17,711 Ending balance collectively evaluated for impairment 20,306 96,406 245,316 17,737 209,338 45,523 634,626 Ending balance $ 21,518 $ 96,761 $ 252,169 $ 19,454 $ 216,436 $ 45,999 $ 652,337 |
Financing Receivable Credit Quality Indicators [Table Text Block] | 2018 Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Not Rated $ - $ 3,652 $ 60 $ 12,878 $ 147,167 $ 42,259 $ 206,016 10 - 6,877 - - - - 6,877 20 64 117 196 - - - 377 30 481 47,263 24,899 - 1,268 3,556 77,467 40 16,038 97,598 219,079 11,555 74,141 1,618 420,029 45 1,472 2,024 19,462 1,381 2,623 - 26,962 50 1,852 3,851 9,084 249 1,896 - 16,932 55 - 305 2,132 - 713 - 3,150 60 2,579 339 4,380 1,337 2,200 13 10,848 70 - - - - - - - 80 - - 2 - - - 2 90 - - - - - - - Total $ 22,486 $ 162,026 $ 279,294 $ 27,400 $ 230,008 $ 47,446 $ 768,660 Performing $ 20,305 $ 161,749 $ 276,021 $ 27,368 $ 226,119 $ 47,037 $ 758,599 Nonperforming 2,181 277 3,273 32 3,889 409 10,061 Total $ 22,486 $ 162,026 $ 279,294 $ 27,400 $ 230,008 $ 47,446 $ 768,660 2017 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] | 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 $ 632 $ 1,235 $ - $ 1,867 $ 20,619 $ 22,486 $ - Commercial 186 110 31 327 161,699 162,026 - Commercial Real Estate 804 - 1,849 2,653 276,641 279,294 - Construction Real Estate - - - - 27,400 27,400 - Residential Real Estate 1,217 340 376 1,933 228,075 230,008 - Consumer and Other 79 13 - 92 47,354 47,446 - Total $ 2,918 $ 1,698 $ 2,256 $ 6,872 $ 761,788 $ 768,660 $ - 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] | 2018 2017 Agriculture and Agricultural Real Estate $ 1,624 $ - Commercial 106 243 Commercial Real Estate 2,907 1,580 Construction Real Estate 5 33 Residential Real Estate 912 1,783 Consumer and Other 12 19 Total $ 5,566 $ 3,658 |
Impaired Financing Receivables [Table Text Block] | 2018 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Agriculture and Agricultural Real Estate $ 2,388 $ 2,384 $ - $ 2,359 $ 85 Commercial - - - - - Commercial Real Estate 1,863 1,871 - 1,860 40 Construction Real Estate - - - - - Residential Real Estate 3,015 3,174 - 3,271 165 Consumer and Other 58 59 - 63 4 With an allowance recorded: Agriculture and Agricultural Real Estate 234 234 - 237 13 Commercial 226 234 142 241 10 Commercial Real Estate 1,299 1,380 146 1,427 90 Construction Real Estate 32 67 4 59 4 Residential Real Estate 306 316 94 322 14 Consumer and Other 339 339 143 348 11 Total: Agriculture and Agricultural Real Estate $ 2,622 $ 2,618 $ - $ 2,596 $ 98 Commercial 226 234 142 241 10 Commercial Real Estate 3,162 3,251 146 3,287 130 Construction Real Estate 32 67 4 59 4 Residential Real Estate 3,321 3,490 94 3,593 179 Consumer and Other 397 398 143 411 15 Total Impaired Loans $ 9,760 $ 10,058 $ 529 $ 10,187 $ 436 2017 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Agriculture and Agricultural Real Estate $ 829 $ 826 $ - $ 849 $ 42 Commercial - - - - - Commercial Real Estate 1,977 2,034 - 2,175 83 Construction Real Estate 17 21 - 83 6 Residential Real Estate 3,757 3,935 - 4,048 198 Consumer and Other 30 30 - 32 2 With an allowance recorded: Agriculture and Agricultural Real Estate 241 240 1 243 13 Commercial 265 268 148 280 12 Commercial Real Estate 1,776 1,783 219 1,840 69 Construction Real Estate 1,586 1,619 360 1,629 76 Residential Real Estate 1,464 1,515 177 1,517 65 Consumer and Other 402 403 205 416 18 Total: Agriculture and Agricultural Real Estate $ 1,070 $ 1,066 $ 1 $ 1,092 $ 55 Commercial 265 268 148 280 12 Commercial Real Estate 3,753 3,817 219 4,015 152 Construction Real Estate 1,603 1,640 360 1,712 82 Residential Real Estate 5,221 5,450 177 5,565 263 Consumer and Other 432 433 205 448 20 Total Impaired Loans $ 12,344 $ 12,674 $ 1,110 $ 13,112 $ 584 2016 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Agriculture and Agricultural Real Estate $ 966 $ 1,164 $ - $ 1,021 $ 46 Commercial 88 140 - 123 10 Commercial Real Estate 4,295 4,502 - 4,525 201 Construction Real Estate 144 177 - 171 9 Residential Real Estate 4,916 5,157 - 5,269 247 Consumer and Other 11 11 - 14 1 With an allowance recorded: Agriculture and Agricultural Real Estate 246 246 5 248 13 Commercial 267 274 199 417 15 Commercial Real Estate 2,558 2,610 129 2,745 111 Construction Real Estate 1,573 1,573 388 1,591 73 Residential Real Estate 2,182 2,224 236 2,281 87 Consumer and Other 465 465 184 482 23 Total: Agriculture and Agricultural Real Estate $ 1,212 $ 1,410 $ 5 $ 1,269 $ 59 Commercial 355 414 199 540 25 Commercial Real Estate 6,853 7,112 129 7,270 312 Construction Real Estate 1,717 1,750 388 1,762 82 Residential Real Estate 7,098 7,381 236 7,550 334 Consumer and Other 476 476 184 496 24 Total Impaired Loans $ 17,711 $ 18,543 $ 1,141 $ 18,887 $ 836 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | December 31, 2018 December 31, 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 - - - 3 95 80 Commercial Real Estate 2 341 281 6 1,052 891 Construction Real Estate - - - 1 21 17 Residential Real Estate 3 250 78 7 440 273 Consumer and Other - - - 2 32 7 Total 5 $ 591 $ 359 19 $ 1,640 $ 1,268 |
Troubled Debt Restructurings on Financing Receivables Default [Table Text Block] | December 31, 2018 December 31, 2017 Number of Contracts Recorded Principal Balance Number of Contracts Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - - $ - Commercial - - - - Commercial Real Estate 2 281 - - Construction Real Estate - - - - Residential Real Estate - - 1 98 Consumer and Other - - - - Total 2 $ 281 1 $ 98 |
Note 6 - Bank Premises and Eq_2
Note 6 - Bank Premises and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Property, Plant and Equipment [Table Text Block] | 2018 2017 Land, buildings and improvements $ 46,849 $ 46,057 Equipment, furniture and fixtures 25,784 25,819 Total Bank premises and equipment $ 72,633 $ 71,876 Less accumulated depreciation 45,783 44,476 Bank premises and equipment, net $ 26,850 $ 27,400 |
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] | Year Minimum Payment 2019 $ 123,000 2020 50,000 2021 36,000 2022 30,000 2023 12,000 Thereafter 4,000 Total $ 255,000 |
Note 7 - Deposits (Tables)
Note 7 - Deposits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Maturities of Certificates of Deposit [Table Text Block] | Under $250,000 $250,000 and over 2019 $ 52,537 $ 11,545 2020 27,293 1,933 2021 12,381 1,048 2022 7,038 606 2023 5,652 408 Thereafter - - Total $ 104,901 $ 15,540 |
Note 9 - Retirement Plans and_2
Note 9 - Retirement Plans and Postretirement Benefit Plans (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Changes in Accumulated Post Employment Benefit Obligations for Interest Payable and Other Liabilities [Table Text Block] | 2018 2017 APBO $ 3,685 $ 4,111 Unrecognized net gain (loss) 27 (474 ) Accrued benefit cost at fiscal year end $ 3,712 $ 3,637 |
Schedule of Net Benefit Costs [Table Text Block] | 2018 2017 2016 Service cost $ 101 $ 117 $ 128 Interest cost 140 156 142 Amortization of gains 3 - - Net postretirement benefit expense $ 244 $ 273 $ 270 |
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block] | Postretirement Death Benefit Obligations Postretirement Health Care Benefits 2018 2017 2018 2017 Change in benefit obligation Benefit obligation at beginning of year $ 6,950 $ 6,185 $ 4,111 $ 3,745 Service cost 12 7 101 117 Interest cost 238 242 140 156 Actuarial loss (gain) (499 ) 516 (498 ) 207 Benefits paid, net of participants' contributions (138 ) - (169 ) (114 ) Benefit obligation at end of year $ 6,563 $ 6,950 $ 3,685 $ 4,111 Change in accrued benefit cost Accrued benefit cost at beginning of year $ 5,606 $ 5,196 $ 3,637 $ 3,478 Service cost 12 7 101 117 Interest cost 238 242 140 156 Amortization 161 161 3 - Employer contributions (138 ) - (169 ) (114 ) Net gain - - - - Accrued benefit cost at end of year $ 5,879 $ 5,606 $ 3,712 $ 3,637 Change in plan assets Fair value of plan assets at beginning of year $ - $ - $ - $ - Employer contributions 138 - 169 114 Plan participants' contributions - - 96 92 Benefits paid during year (138 ) - (265 ) (206 ) Fair value of plan assets at end of year $ - $ - $ - $ - Funded status at end of year $ (6,563 ) $ (6,950 ) $ (3,685 ) $ (4,111 ) |
Schedule of Amounts Recognized in Balance Sheet [Table Text Block] | Postretirement Death Benefit Obligations Postretirement Health Care Benefits 2018 2017 2018 2017 Assets $ - $ - $ - $ - Liabilities 6,563 6,950 3,685 4,111 Total $ 6,563 $ 6,950 $ 3,685 $ 4,111 |
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block] | Postretirement Death Benefit Obligations Postretirement Health Care Benefits 2018 2017 2018 2017 Net loss (gain) $ (309 ) $ 190 $ (27 ) $ 474 Transition obligation (asset) - - - - Prior service cost (credit) 993 1,154 - - Total included in AOCI $ 684 $ 1,344 $ (27 ) $ 474 |
Schedule of Expected Benefit Payments [Table Text Block] | Year Postretirement Death Benefit Obligations Postretirement Health Care Benefits 2019 $ 356,000 $ 150,000 2020 367,000 166,000 2021 385,000 176,000 2022 396,000 183,000 2023 404,000 188,000 2024 - 2028 2,021,000 1,037,000 |
Note 11 - Disclosures About F_2
Note 11 - Disclosures About Fair Value of Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Total Carrying Estimated December 31, 2018 Value Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and due from banks $ 51,842 $ 51,842 $ - $ - $ 51,842 Time Deposits in Other Banks 10,796 - 10,548 - 10,548 Securities - Available for Sale Obligations of U.S. Government Agencies 128,235 - 128,235 - 128,235 MBS issued by U.S. Government Agencies 190,554 - 190,554 - 190,554 Obligations of States and Political Subdivisions 69,109 - 69,109 - 69,109 Corporate Debt Securities 13,715 - 13,715 - 13,715 Equity Securities 7,415 2,042 5,373 - 7,415 Loans Held for Sale 488 - - 502 502 Loans, net 1 760,889 - - 750,249 750,249 Accrued Interest Receivable 4,413 - - 4,413 4,413 Financial Liabilities: Noninterest Bearing Deposits 297,704 297,704 - - 297,704 Interest Bearings Deposits 885,206 - 885,886 - 885,886 Federal Home Loan Bank Advances 10,000 - - 10,042 10,042 Accrued Interest Payable 65 - - 65 65 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 Other 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 1 687,313 - - 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 Bearings Deposits 898,326 - 899,481 - 899,481 Accrued Interest Payable 61 - - 61 61 |
Note 12 - Federal Income Taxes
Note 12 - Federal Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] | 2018 2017 2016 Current $ 3,658 $ 1,826 $ 2,725 Deferred 287 3,797 3,512 Remeasurement of deferred taxes - 4,278 - Tax expense $ 3,945 $ 9,901 $ 6,237 |
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | 2018 2017 2016 Statutory rate 21.0 % 34.0 % 34.0 % Municipal interest income (1.6 ) (2.1 ) (2.0 ) Other, net (1.2 ) (4.5 ) (1.9 ) Remeasurement of deferred taxes - 20.9 - Effective tax rate 18.2 % 48.3 % 30.1 % |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2018 2017 Deferred federal income tax assets: Allowance for loan losses $ 1,702 $ 1,680 Net deferred loan origination fees (11 ) 74 Tax versus book depreciation differences (28 ) 59 Net unrealized losses on securities available for sale 2,442 1,667 Accrued postretirement benefits 2,372 2,242 Postretirement benefits in other comprehensive income 138 382 Alternative minimum tax - - Non-accrual loan interest 152 158 Other real estate owned 35 325 Other, net 504 512 Total deferred federal tax asset $ 7,306 $ 7,099 Deferred federal income tax liabilities: Accretion of bond discount $ (31 ) $ (27 ) Prepaid expenses (116 ) (157 ) Other (83 ) (83 ) Total deferred federal tax liabilities $ (230 ) $ (267 ) Net deferred federal income tax asset $ 7,076 $ 6,832 |
Note 13 - Regulatory Capital _2
Note 13 - Regulatory Capital Requirements (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Actual Minimum to Qualify as Well Capitalized Amount Ratio Amount Ratio As of December 31, 2018: Total Risk Based Capital to Risk-Weighted Assets Consolidated $ 145,480 15.79 % $ 92,111 10 % Monroe Bank & Trust 143,583 15.61 % 91,976 10 % Tier 1 Capital to Risk-Weighted Assets Consolidated 137,374 14.91 % 73,689 8 % Monroe Bank & Trust 135,477 14.73 % 73,580 8 % Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 137,374 14.91 % 59,872 6.5 % Monroe Bank & Trust 135,477 14.73 % 59,784 6.5 % Tier 1 Capital to Average Assets Consolidated 137,374 10.28 % 66,824 5 % Monroe Bank & Trust 135,477 10.15 % 66,741 5 % Actual Minimum to Qualify as Well Capitalized Amount Ratio Amount Ratio As of December 31, 2017: Total Risk Based Capital to Risk-Weighted Assets Consolidated $ 148,387 17.39 % $ 85,350 10 % Monroe Bank & Trust 146,842 17.21 % 85,343 10 % Tier 1 Capital to Risk-Weighted Assets Consolidated 140,364 16.45 % 68,280 8 % Monroe Bank & Trust 138,819 16.27 % 68,274 8 % Common Equity Tier 1 Capital to Risk-Weighted Assets Consolidated 140,364 16.45 % 55,477 6.5 % Monroe Bank & Trust 138,819 16.27 % 55,473 6.5 % Tier 1 Capital to Average Assets Consolidated 140,364 10.44 % 67,229 5 % Monroe Bank & Trust 138,819 10.33 % 67,216 5 % |
Note 14 - Earnings Per Share (T
Note 14 - Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | 2018 2017 2016 Basic Net income $ 17,699,000 $ 10,609,000 $ 14,501,000 Less preferred dividends - - - Net income applicable to common stock $ 17,699,000 $ 10,609,000 $ 14,501,000 Average common shares outstanding 22,976,393 22,860,767 22,802,325 Income per common share - basic $ 0.77 $ 0.46 $ 0.64 2018 2017 2016 Diluted Net income $ 17,699,000 $ 10,609,000 $ 14,501,000 Less preferred dividends - - - Net income applicable to common stock $ 17,699,000 $ 10,609,000 $ 14,501,000 Average common shares outstanding 22,976,393 22,860,767 22,802,325 Stock based compensation adjustment 92,661 158,949 134,868 Average common shares outstanding - diluted 23,069,054 23,019,716 22,937,193 Income per common share - diluted $ 0.77 $ 0.46 $ 0.63 |
Note 15 - Stock-based Compens_2
Note 15 - Stock-based Compensation Plan (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block] | 2018 2017 2016 Stock Only Stock Appreciation Rights (SOSARs) Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price SOSARs Outstanding, January 1 372,585 $ 6.82 467,118 $ 5.37 609,275 $ 4.02 Granted 105,000 10.45 94,500 10.90 105,500 8.26 Exercised 125,870 4.33 172,260 5.05 238,818 3.18 Forfeited 4,336 10.09 16,773 7.78 8,839 5.68 Expired - - - - - - SOSARs Outstanding, December 31 347,379 $ 8.78 372,585 $ 6.82 467,118 $ 5.37 SOSARs Exercisable, December 31 153,879 $ 6.42 250,565 $ 5.16 358,242 $ 4.83 Weighted Average Fair Value of SOSARs Granted During Year $ 2.36 $ 3.37 $ 3.08 |
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block] | Outstanding SOSARs Exercisable SOSARs Exercise Price Shares Remaining Life (in years) Shares Remaining Life (in years) $ 1.85 2,000 2.07 2,000 2.07 $ 2.35 5,000 4.01 5,000 4.01 $ 4.90 24,002 5.19 24,002 5.19 $ 4.94 21,337 6.07 21,337 6.07 $ 5.79 36,034 6.41 36,034 6.41 $ 8.26 65,506 7.15 65,506 7.15 $ 10.45 105,000 9.15 - 9.15 $ 10.90 88,500 8.15 - 8.15 347,379 7.66 153,879 6.39 |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award Stock Only Stock Appreciation Rights Vested and Expected to Vest Outstanding [Table Text Block] | Nonvested SOSAR Shares Shares Weighted Average Grant Date Fair Value Nonvested at January 1, 2018 91,536 $ 3.28 Granted 105,000 2.36 Vested (93,989 ) 2.90 Forfeited (3,337 ) 3.25 Nonvested at December 31, 2018 99,210 $ 2.66 |
Share-based Compensation Arrangements by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest [Table Text Block] | Restricted Stock Awards 2018 2017 2016 Nonvested at January 1 - 1,250 2,500 Granted 7,500 6,000 6,000 Vested 7,500 7,250 6,250 Forfeited - - 1,000 Nonvested at December 31 - - 1,250 |
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Performance to be Achieved [Table Text Block] | Two Year Cumulative Basic EPS for the Two Year Performance Period Ending December 31, 2019 Percent of Target Achieved Percent RSUs Vested $1.6534 100% 100% $1.5707 95% 83% $1.4881 90% 67% $1.4054 85% 50% less than $1.4054 0% |
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block] | 2018 2017 2016 Recorded expense for all Stock Based Compensation awards $ 683 $ 614 $ 548 Unrecognized compensation expense for all Stock Based Compensation awards $ 501 $ 557 $ 524 |
Note 16 - Parent Company (Table
Note 16 - Parent Company (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Condensed Balance Sheet [Table Text Block] | December 31, 2018 2017 Assets Cash and due from banks $ 804 $ 1,596 Interest Bearing Time Deposits in Other Banks 250 250 Equity Securities 1,225 - Investment in subsidiary bank 125,770 131,113 Other assets 129 68 Total assets $ 128,178 $ 133,027 Liabilities Accounts payable and accrued expenses $ 511 $ 369 Total liabilities 511 369 Stockholders' Equity Total stockholders' equity 127,667 132,658 Total liabilities and stockholders' equity $ 128,178 $ 133,027 |
Condensed Income Statement [Table Text Block] | Years Ended December 31, 2018 2017 2016 Income Dividends from subsidiary bank $ 22,100 $ 20,600 $ 15,650 Interest Income 3 2 - Total income 22,103 20,602 15,650 Expense Other expense 1,178 454 332 Total expense 1,178 454 332 Income before tax and equity in undistributed net income of subsidiary bank 20,925 20,148 15,318 Income tax expense (benefit) (114 ) (158 ) (113 ) Income (Loss) before equity in undistributed net income of subsidiary bank 21,039 20,306 15,431 Equity in undistributed net income of subsidiary bank (3,340 ) (9,697 ) (930 ) Net Income $ 17,699 $ 10,609 $ 14,501 |
Condensed Cash Flow Statement [Table Text Block] | Years Ended December 31, 2018 2017 2016 Cash Flows Provided By Operating Activities: Net income $ 17,699 $ 10,609 $ 14,501 Equity in undistributed net income of subsidiary bank 3,340 9,697 930 Net (decrease) increase in other liabilities 142 (505 ) 387 Net decrease in other assets 228 731 376 Net cash provided by operating activities $ 21,409 $ 20,532 $ 16,194 Cash Flows Used For Investing Activities: Purchase of investment securities $ (1,225 ) $ - $ - Purchase of time deposits in other banks - (250 ) Investment in subsidiary - - - Net cash used for investing activities $ (1,225 ) $ (250 ) $ - Cash Flows Provided By Financing Activities: Issuance of common stock $ 375 $ 354 $ 221 Repurchase of common stock - - (1,414 ) Dividends paid (21,351 ) (21,015 ) (14,636 ) Net cash used for financing activities $ (20,976 ) $ (20,661 ) $ (15,829 ) Net Increase (Decrease) In Cash And Cash Equivalents $ (792 ) $ (379 ) $ 365 Cash and Cash Equivalents At Beginning Of Year 1,596 1,975 1,610 Cash And Cash Equivalents At End Of Year $ 804 $ 1,596 $ 1,975 |
Note 17 - Financial Instrumen_2
Note 17 - Financial Instruments With Off-balance Sheet Risk (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | Contractual Amount 2018 2017 Commitments to extend credit: Unused portion of commercial lines of credit $ 116,119 $ 103,080 Unused portion of credit card lines of credit 6,680 5,934 Unused portion of home equity lines of credit 34,621 30,368 Standby letters of credit and financial guarantees written 1,763 1,364 |
Note 18 - Quarterly Financial_2
Note 18 - Quarterly Financial Information (Unaudited) (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Quarterly Financial Information [Table Text Block] | 2018 First Second Third Fourth Total Interest Income $ 10,956 $ 11,324 $ 11,892 $ 12,122 Total Interest Expense 420 491 675 669 Net Interest Income 10,536 10,833 11,217 11,453 Recovery of Loan Losses (100 ) - - - Other Income 3,784 4,403 4,040 3,313 Other Expenses 9,792 9,186 9,156 9,901 Income Before Provision For Income Taxes 4,628 6,050 6,101 4,865 Provision For Income Taxes 726 1,105 1,127 987 Net Income $ 3,902 $ 4,945 $ 4,974 $ 3,878 Basic Earnings Per Common Share $ 0.17 $ 0.22 $ 0.21 $ 0.17 Diluted Earnings Per Common Share $ 0.17 $ 0.21 $ 0.21 $ 0.17 Dividends Declared Per Share $ 0.66 $ 0.07 $ 0.10 $ 0.10 2017 First Second Third Fourth Total Interest Income $ 10,051 $ 10,301 $ 10,658 $ 10,790 Total Interest Expense 456 437 427 417 Net Interest Income 9,595 9,864 10,231 10,373 Recovery of Loan Losses (200 ) - - (500 ) Other Income 3,820 4,370 4,035 3,657 Other Expenses 9,062 9,008 8,950 9,115 Income Before Provision For Income Taxes 4,553 5,226 5,316 5,415 Provision For Income Taxes 1,373 1,586 1,383 5,559 Net Income $ 3,180 $ 3,640 $ 3,933 $ (144 ) Basic Earnings Per Common Share $ 0.14 $ 0.16 $ 0.17 $ (0.01 ) Diluted Earnings Per Common Share $ 0.14 $ 0.16 $ 0.17 $ (0.01 ) Dividends Declared Per Share $ 0.75 $ 0.05 $ 0.06 $ 0.06 |
Note 19 - Fair Value Disclosu_2
Note 19 - Fair Value Disclosures (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Notes Tables | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | Investment Securities Available for Sale at December 31, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Obligations of U.S. Government Agencies $ - $ 128,235 $ - MBS issued by U.S. Government Agencies 190,554 Obligations of States and Political Subdivisions - 69,109 - Corporate Debt Securities - 13,715 - Total Securities Available for Sale $ - $ 401,613 $ - Investment Securities Available for Sale at December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Obligations of U.S. Government Agencies $ - $ 135,880 $ - MBS issued by U.S. Government Agencies 244,777 Obligations of States and Political Subdivisions - 36,983 - Corporate Debt Securities - 23,083 - Other Securities 2,093 - - Total Securities Available for Sale $ 2,093 $ 440,723 $ - |
Fair Value Measurements, Nonrecurring [Table Text Block] | Balance at December 31, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans $ 9,760 $ - $ - $ 9,231 Other Real Estate Owned $ 692 $ - $ - $ 692 Balance at December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Impaired loans $ 12,344 $ - $ - $ 11,234 Other Real Estate Owned $ 1,412 $ - $ - $ 1,412 |
Note 1 - Summary of Significa_3
Note 1 - Summary of Significant Accounting Policies (Details Textual) | 12 Months Ended |
Dec. 31, 2018 | |
Minimum [Member] | |
Fixed Rate Residential Mortgage Loans, Held for Sale, Maturities Term | 10 years |
Maximum [Member] | |
Fixed Rate Residential Mortgage Loans, Held for Sale, Maturities Term | 30 years |
Monroe County, Michigan [Member] | |
Number of Stores | 14 |
Wayne County, Michigan [Member] | |
Number of Stores | 6 |
Note 1 - Summary of Significa_4
Note 1 - Summary of Significant Accounting Policies - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Net unrealized losses on securities available for sale | $ (11,630) | $ (7,937) | $ (10,143) |
Post retirement benefit obligations | (657) | (1,818) | (1,256) |
Tax effect | 2,580 | 2,049 | 3,876 |
Accumulated other comprehensive loss | $ (9,707) | $ (7,706) | $ (7,523) |
Note 2 - Cash and Due From Ba_2
Note 2 - Cash and Due From Banks (Details Textual) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 |
Restricted Cash and Cash Equivalents, Total | $ 4,240,000 | $ 4,941,000 |
Due from Banks | $ 7,674,000 | $ 9,657,000 |
Note 3 - Investment Securitie_2
Note 3 - Investment Securities (Details Textual) | 12 Months Ended | ||
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total | 165 | 205 | |
Security Owned and Pledged as Collateral, Fair Value, Total | $ 105,873,000 | $ 103,850,000 | |
Proceeds from Sale and Maturity of Marketable Securities, Total | 47,642,000 | 188,665,000 | $ 36,114,000 |
Available-for-sale Securities, Gross Realized Gains | 116,000 | 752,000 | 2,346,000 |
Available-for-sale Securities, Gross Realized Losses | 930,000 | 1,298,000 | 195,000 |
Available-for-sale Securities, Tax (Benefit) Provision | 171,000 | 186,000 | $ (731,000) |
US Government Agencies Debt Securities [Member] | Federal Home Loan Bank Certificates and Obligations (FHLB) [Member] | |||
Marketable Securities, Total | 93,158,000 | 100,045,000 | |
US Government Agencies Debt Securities [Member] | Federal Farm Credit Banks [Member] | |||
Marketable Securities, Total | 35,084,000 | 35,841,000 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Marketable Securities, Total | $ 187,715,000 | $ 244,781,000 |
Note 3 - Investment Securitie_3
Note 3 - Investment Securities - Held to Maturity Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Held to maturity, amortized cost | $ 37,163 | |
Held to maturity, gross unrealized gains | 666 | |
Held to maturity, gross unrealized losses | (343) | |
Held to maturity, estimated market value | 37,486 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Held to maturity, amortized cost | 36,663 | |
Held to maturity, gross unrealized gains | 666 | |
Held to maturity, gross unrealized losses | (322) | |
Held to maturity, estimated market value | 37,007 | |
Corporate Debt Securities [Member] | ||
Held to maturity, amortized cost | 500 | |
Held to maturity, gross unrealized gains | ||
Held to maturity, gross unrealized losses | (21) | |
Held to maturity, estimated market value | $ 479 |
Note 3 - Investment Securitie_4
Note 3 - Investment Securities - Available for Sale Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Available for sale securities, amortized cost | $ 413,245 | $ 450,753 |
Available for sale securities, gross unrealized gains | 810 | 594 |
Available for sale securities, gross unrealized losses | (12,442) | (8,531) |
Debt Securities, Available-for-sale, Total | 401,613 | 442,816 |
US Treasury and Government [Member] | ||
Available for sale securities, amortized cost | 134,160 | 140,090 |
Available for sale securities, gross unrealized gains | 1 | 32 |
Available for sale securities, gross unrealized losses | (5,926) | (4,242) |
Debt Securities, Available-for-sale, Total | 128,235 | 135,880 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities, amortized cost | 196,224 | 248,649 |
Available for sale securities, gross unrealized gains | 32 | 3 |
Available for sale securities, gross unrealized losses | (5,702) | (3,875) |
Debt Securities, Available-for-sale, Total | 190,554 | 244,777 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 69,309 | 37,308 |
Available for sale securities, gross unrealized gains | 604 | 48 |
Available for sale securities, gross unrealized losses | (804) | (373) |
Debt Securities, Available-for-sale, Total | 69,109 | 36,983 |
Corporate Debt Securities [Member] | ||
Available for sale securities, amortized cost | 13,552 | 22,662 |
Available for sale securities, gross unrealized gains | 173 | 462 |
Available for sale securities, gross unrealized losses | (10) | (41) |
Debt Securities, Available-for-sale, Total | $ 13,715 | 23,083 |
Other Debt Obligations [Member] | ||
Available for sale securities, amortized cost | 2,044 | |
Available for sale securities, gross unrealized gains | 49 | |
Available for sale securities, gross unrealized losses | ||
Debt Securities, Available-for-sale, Total | $ 2,093 |
Note 3 - Investment Securitie_5
Note 3 - Investment Securities - Amortized Cost and Estimated Market Values of Securities (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
1 year or less, held to maturity amortized cost | ||
1 year or less, held to maturity estimated market value | ||
1 year, held to maturity weighted average yield | 0.00% | |
1 year, available for sale amortized cost | $ 8,443 | |
1 year, available for sale estimated market value | $ 8,476 | |
1 year, available for sale weighted average yield | 2.10% | |
After 1 year through five years, held to maturity amortized cos | ||
After 1 year through five years, held to maturity estimated market value | ||
1 through 5 years, held to maturity weighted average yield | 0.00% | |
1 through 5 years, available for sale amortized cost | $ 66,285 | |
1 through 5 years, available for sale estimated market value | $ 64,725 | |
1 through 5 years, available for sale weighted average yield | 1.96% | |
After 5 years through 10 years, held to maturity amortized cost | ||
After 5 years through 10 years, held to maturity estimated market value | ||
6 through 10 years, held to maturity weighted average yield | 0.00% | |
6 through 10 years, available for sale amortized cost | $ 102,721 | |
through 10 years, available for sale estimated market value | $ 98,566 | |
6 through 10 years, available for sale weighted average yield | 2.43% | |
Over 10 years, held to maturity amortized cost | ||
Over 10 yearsOver 10 years, held to maturity estimated market value | ||
Over 10 years, held to maturity weighted average yield | 0.00% | |
Over 10 years, available for sale amortized cost | $ 39,572 | |
Over 10 years, available for sale estimated market value | $ 39,292 | |
Over 10 years, available for sale weighted average yield | 2.84% | |
Total, held to maturity amortized cost | ||
Total, held to maturity estimated market value | ||
Total, held to maturity weighted average yield | 0.00% | |
Total, available for sale amortized cost | $ 217,021 | |
Total, available for sale estimated market value | $ 211,059 | |
Total, available for sale weighted average yield | 2.35% | |
Mortgage Backed Securities, held to maturity amortized cost | ||
Mortgage Backed Securities, held to maturity estimated market value | ||
Mortgage Backed Securities, held to maturity weighted average yield | 0.00% | |
Mortgage Backed Securities, available for sale amortized cost | $ 196,224 | |
Mortgage Backed Securities, available for sale estimated market value | $ 190,554 | |
Mortgage Backed Securities, available for sale weighted average yield | 2.35% | |
Securities - Held to Maturity (Note 3) | $ 37,163 | |
Held to maturity, estimated market value | 37,486 | |
Total, held to maturity weighted average yield | 0.00% | |
Available for sale securities, amortized cost | $ 413,245 | 450,753 |
Debt Securities, Available-for-sale, Total | $ 401,613 | $ 442,816 |
Total, available for sale weighted average yield | 2.35% |
Note 3 - Investment Securitie_6
Note 3 - Investment Securities - Securities in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Less than 12 months, aggregate fair value | $ 56,641 | $ 215,507 |
Less than 12 months, gross unrealized losses | 779 | 2,407 |
12 months or longer, aggregate fair value | 289,309 | 205,236 |
12 months or longer, gross unrealized losses | 11,663 | 6,467 |
Total, aggregate fair value | 345,950 | 420,743 |
Total, gross unrealized losses | 12,442 | 8,874 |
US Treasury and Government [Member] | ||
Less than 12 months, aggregate fair value | 3,946 | 25,257 |
Less than 12 months, gross unrealized losses | 65 | 286 |
12 months or longer, aggregate fair value | 117,750 | 105,329 |
12 months or longer, gross unrealized losses | 5,861 | 3,956 |
Total, aggregate fair value | 121,696 | 130,586 |
Total, gross unrealized losses | 5,926 | 4,242 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months, aggregate fair value | 19,945 | 161,792 |
Less than 12 months, gross unrealized losses | 131 | 1,725 |
12 months or longer, aggregate fair value | 165,604 | 81,157 |
12 months or longer, gross unrealized losses | 5,571 | 2,150 |
Total, aggregate fair value | 185,549 | 242,949 |
Total, gross unrealized losses | 5,702 | 3,875 |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, aggregate fair value | 32,260 | 23,898 |
Less than 12 months, gross unrealized losses | 573 | 357 |
12 months or longer, aggregate fair value | 5,955 | 16,741 |
12 months or longer, gross unrealized losses | 231 | 338 |
Total, aggregate fair value | 38,215 | 40,639 |
Total, gross unrealized losses | 804 | 695 |
Corporate Debt Securities [Member] | ||
Less than 12 months, aggregate fair value | 490 | 4,560 |
Less than 12 months, gross unrealized losses | 10 | 39 |
12 months or longer, aggregate fair value | 2,009 | |
12 months or longer, gross unrealized losses | 23 | |
Total, aggregate fair value | 490 | 6,569 |
Total, gross unrealized losses | $ 10 | $ 62 |
Note 4 - Loans (Details Textual
Note 4 - Loans (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Loans and Leases Receivable, Related Parties, Ending Balance | $ 90,000 | $ 3,456,000 |
Loans and Leases Receivable, Related Parties, Additions | 62,000 | 634,000 |
Loans and Leases Receivable, Related Parties, Proceeds | 3,428,000 | 2,832,000 |
Loans Pledged as Collateral | $ 0 | $ 0 |
Note 4 - Loans - Loans Receivab
Note 4 - Loans - Loans Receivable Outstanding (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Loans | $ 768,660 | $ 694,979 | $ 652,337 |
Less: Allowance for loan losses | 7,771 | 7,666 | |
Loans, net of allowance for loan losses | 760,889 | 687,313 | |
Residential Portfolio Segment [Member] | |||
Loans | 230,008 | 222,014 | 216,436 |
Commercial Real Estate Portfolio Segment [Member] | |||
Loans | 279,294 | 269,644 | 252,169 |
Construction Real Estate Portfolio Segment [Member] | |||
Loans | 27,400 | 23,558 | 19,454 |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Loans | 22,486 | 21,231 | 21,518 |
Commercial and Industrial Portfolio Segment [Member] | |||
Loans | 162,026 | 122,219 | |
Consumer and Other Portfolio Segment [Member] | |||
Loans | $ 47,446 | $ 36,313 | $ 45,999 |
Note 5 - Allowance For Loan L_3
Note 5 - Allowance For Loan Losses and Credit Quality of Loans (Details Textual) | Dec. 31, 2018USD ($) |
Minimum Aggregate Credit Exposure to Assign Grade | $ 250,000 |
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 |
Note 5 - Allowance For Loan L_4
Note 5 - Allowance For Loan Losses and Credit Quality of Loans - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||||||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Balance | $ 7,666 | $ 8,458 | $ 7,666 | $ 8,458 | $ 10,896 | |||||||||
Charge-offs | (482) | (828) | (1,463) | |||||||||||
Recoveries | 687 | 736 | 1,225 | |||||||||||
Provision | (100) | $ (500) | (200) | (100) | (700) | (2,200) | ||||||||
Balance | 7,771 | 7,666 | 7,771 | 7,666 | 8,458 | |||||||||
Ending balance individually evaluated for impairment | $ 529 | $ 1,110 | $ 1,141 | |||||||||||
Ending balance collectively evaluated for impairment | 7,242 | 6,556 | 7,317 | |||||||||||
Balance | 7,771 | 7,666 | 7,666 | 8,458 | 7,666 | 7,666 | 8,458 | 7,771 | 7,666 | 8,458 | ||||
Ending balance individually evaluated for impairment | 9,760 | 12,344 | 17,711 | |||||||||||
Ending balance collectively evaluated for impairment | 758,900 | 682,635 | 634,626 | |||||||||||
Loans | 768,660 | 694,979 | 652,337 | |||||||||||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | ||||||||||||||
Balance | 195 | 201 | 195 | 201 | 389 | |||||||||
Charge-offs | (221) | |||||||||||||
Recoveries | 5 | 81 | 6 | |||||||||||
Provision | 5 | (87) | 27 | |||||||||||
Balance | 205 | 195 | 205 | 195 | 201 | |||||||||
Ending balance individually evaluated for impairment | 1 | 5 | ||||||||||||
Ending balance collectively evaluated for impairment | 205 | 194 | 196 | |||||||||||
Balance | 205 | 195 | 195 | 201 | 195 | 195 | 201 | 205 | 195 | 201 | ||||
Ending balance individually evaluated for impairment | 2,622 | 1,070 | 1,212 | |||||||||||
Ending balance collectively evaluated for impairment | 19,864 | 20,161 | 20,306 | |||||||||||
Loans | 22,486 | 21,231 | 21,518 | |||||||||||
Commercial Portfolio Segment [Member] | ||||||||||||||
Balance | 1,443 | 1,632 | 1,443 | 1,632 | 2,279 | |||||||||
Charge-offs | (6) | (26) | ||||||||||||
Recoveries | 95 | 139 | 150 | |||||||||||
Provision | (272) | (322) | (771) | |||||||||||
Balance | 1,266 | 1,443 | 1,266 | 1,443 | 1,632 | |||||||||
Ending balance individually evaluated for impairment | 142 | 148 | 199 | |||||||||||
Ending balance collectively evaluated for impairment | 1,124 | 1,295 | 1,433 | |||||||||||
Balance | 1,266 | 1,443 | 1,443 | 1,632 | 1,443 | 1,443 | 1,632 | 1,266 | 1,443 | 1,632 | ||||
Ending balance individually evaluated for impairment | 226 | 265 | 355 | |||||||||||
Ending balance collectively evaluated for impairment | 161,800 | 121,954 | 96,406 | |||||||||||
Loans | 162,026 | 122,219 | 96,761 | |||||||||||
Commercial Real Estate Portfolio Segment [Member] | ||||||||||||||
Balance | 3,297 | 3,336 | 3,297 | 3,336 | 4,350 | |||||||||
Charge-offs | (320) | (572) | (742) | |||||||||||
Recoveries | 329 | 190 | 194 | |||||||||||
Provision | (294) | 343 | (466) | |||||||||||
Balance | 3,012 | 3,297 | 3,012 | 3,297 | 3,336 | |||||||||
Ending balance individually evaluated for impairment | 146 | 219 | 129 | |||||||||||
Ending balance collectively evaluated for impairment | 2,866 | 3,078 | 3,207 | |||||||||||
Balance | 3,012 | 3,297 | 3,297 | 3,336 | 3,297 | 3,297 | 3,336 | 3,012 | 3,297 | 3,336 | ||||
Ending balance individually evaluated for impairment | 3,162 | 3,753 | 6,853 | |||||||||||
Ending balance collectively evaluated for impairment | 276,132 | 265,891 | 245,316 | |||||||||||
Loans | 279,294 | 269,644 | 252,169 | |||||||||||
Construction Real Estate Portfolio Segment [Member] | ||||||||||||||
Balance | 491 | 525 | 491 | 525 | 420 | |||||||||
Charge-offs | ||||||||||||||
Recoveries | 59 | 54 | 151 | |||||||||||
Provision | (366) | (88) | (46) | |||||||||||
Balance | 184 | 491 | 184 | 491 | 525 | |||||||||
Ending balance individually evaluated for impairment | 4 | 360 | 388 | |||||||||||
Ending balance collectively evaluated for impairment | 180 | 131 | 137 | |||||||||||
Balance | 184 | 491 | 491 | 525 | 491 | 491 | 525 | 184 | 491 | 525 | ||||
Ending balance individually evaluated for impairment | 32 | 1,603 | 1,717 | |||||||||||
Ending balance collectively evaluated for impairment | 27,368 | 21,955 | 17,737 | |||||||||||
Loans | 27,400 | 23,558 | 19,454 | |||||||||||
Residential Portfolio Segment [Member] | ||||||||||||||
Balance | 1,279 | 1,599 | 1,279 | 1,599 | 2,235 | |||||||||
Charge-offs | (108) | (113) | (319) | |||||||||||
Recoveries | 138 | 198 | 588 | |||||||||||
Provision | (91) | (405) | (905) | |||||||||||
Balance | 1,218 | 1,279 | 1,218 | 1,279 | 1,599 | |||||||||
Ending balance individually evaluated for impairment | 94 | 177 | 236 | |||||||||||
Ending balance collectively evaluated for impairment | 1,124 | 1,102 | 1,363 | |||||||||||
Balance | 1,218 | 1,279 | 1,279 | 1,599 | 1,279 | 1,279 | 1,599 | 1,218 | 1,279 | 1,599 | ||||
Ending balance individually evaluated for impairment | 3,321 | 5,221 | 7,098 | |||||||||||
Ending balance collectively evaluated for impairment | 226,687 | 216,793 | 209,338 | |||||||||||
Loans | 230,008 | 222,014 | 216,436 | |||||||||||
Consumer and Other Portfolio Segment [Member] | ||||||||||||||
Balance | 961 | 1,165 | 961 | 1,165 | 1,223 | |||||||||
Charge-offs | (54) | (137) | (155) | |||||||||||
Recoveries | 61 | 74 | 136 | |||||||||||
Provision | 918 | (141) | (39) | |||||||||||
Balance | 1,886 | 961 | 1,886 | 961 | 1,165 | |||||||||
Ending balance individually evaluated for impairment | 143 | 205 | 184 | |||||||||||
Ending balance collectively evaluated for impairment | 1,743 | 756 | 981 | |||||||||||
Balance | $ 1,886 | $ 961 | $ 961 | $ 1,165 | $ 961 | $ 961 | $ 1,165 | 1,886 | 961 | 1,165 | ||||
Ending balance individually evaluated for impairment | 397 | 432 | 476 | |||||||||||
Ending balance collectively evaluated for impairment | 47,049 | 35,881 | 45,523 | |||||||||||
Loans | $ 47,446 | $ 36,313 | $ 45,999 |
Note 5 - Allowance For Loan L_5
Note 5 - Allowance For Loan Losses and Credit Quality of Loans - Credit Risk by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Loans | $ 768,660 | $ 694,979 | $ 652,337 |
Performing Financial Instruments [Member] | |||
Loans | 758,599 | 681,693 | |
Nonperforming Financial Instruments [Member] | |||
Loans | 10,061 | 13,286 | |
Not Rated [Member] | |||
Loans | 206,016 | 181,074 | |
Risk Grade Rating 1 [Member] | |||
Loans | 6,877 | 6,870 | |
Risk Rating Grade 2 [Member] | |||
Loans | 377 | 927 | |
Risk Grade Rating 3 [Member] | |||
Loans | 77,467 | 41,371 | |
Risk Grade Rating 4 [Member] | |||
Loans | 420,029 | 394,517 | |
Risk Grade Rating 4.5 [Member] | |||
Loans | 26,962 | 22,940 | |
Risk Grade Rating 5 [Member] | |||
Loans | 16,932 | 32,707 | |
Risk Grade Rating 5.5 [Member] | |||
Loans | 3,150 | 6,298 | |
Risk Grade Rating 6 [Member] | |||
Loans | 10,848 | 8,275 | |
Risk Grade Rating 7 [Member] | |||
Loans | |||
Risk Grade Rating 8 [Member] | |||
Loans | 2 | ||
Risk Grade Rating 9 [Member] | |||
Loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Loans | 22,486 | 21,231 | 21,518 |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 20,305 | 20,665 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 2,181 | 566 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | |||
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 | 64 | 281 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 481 | 503 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 16,038 | 14,819 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 1,472 | 1,414 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 1,852 | 1,864 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 1,441 | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 2,579 | 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 | 162,026 | 122,219 | 96,761 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 161,749 | 121,768 | |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 277 | 451 | |
Commercial Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 3,652 | 1,341 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | 6,877 | 6,870 | |
Commercial Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | 117 | 293 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 47,263 | 29,655 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 97,598 | 76,792 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 2,024 | 2,391 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 3,851 | 3,778 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 305 | 594 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 339 | 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 | 279,294 | 269,644 | 252,169 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 276,021 | 265,801 | |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 3,273 | 3,843 | |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 60 | 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 | 196 | 353 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 24,899 | 6,300 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 219,079 | 223,468 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 19,462 | 12,244 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 9,084 | 21,802 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 2,132 | 1,857 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 4,380 | 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 | 2 | ||
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | |||
Loans | 27,400 | 23,558 | 19,454 |
Construction Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 27,368 | 21,955 | |
Construction Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 32 | 1,603 | |
Construction Real Estate Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 12,878 | 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 | 11,555 | 4,857 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 1,381 | 1,528 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 249 | 1,667 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 1,537 | ||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 1,337 | 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 | 230,008 | 222,014 | 216,436 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 226,119 | 215,643 | |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 3,889 | 6,371 | |
Residential Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 147,167 | 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 | 1,268 | 941 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 74,141 | 72,634 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 2,623 | 5,363 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 1,896 | 3,590 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 713 | 867 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 2,200 | 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 | 47,446 | 36,313 | $ 45,999 |
Consumer and Other Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 47,037 | 35,861 | |
Consumer and Other Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 409 | 452 | |
Consumer and Other Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 42,259 | 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 | 3,556 | 3,972 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 1,618 | 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 | 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 | 13 | 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 L_6
Note 5 - Allowance For Loan Losses and Credit Quality of Loans - Past Due Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Past due | $ 6,872 | $ 4,161 | |
Current | 761,788 | 690,818 | |
Loans | 768,660 | 694,979 | $ 652,337 |
Recorded investment >90 days past due and accruing | 3 | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 1,867 | ||
Current | 20,619 | 21,231 | |
Loans | 22,486 | 21,231 | 21,518 |
Recorded investment >90 days past due and accruing | |||
Commercial Portfolio Segment [Member] | |||
Past due | 327 | 124 | |
Current | 161,699 | 122,095 | |
Loans | 162,026 | 122,219 | 96,761 |
Recorded investment >90 days past due and accruing | 3 | ||
Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 2,653 | 1,673 | |
Current | 276,641 | 267,971 | |
Loans | 279,294 | 269,644 | 252,169 |
Recorded investment >90 days past due and accruing | |||
Construction Real Estate Portfolio Segment [Member] | |||
Past due | 17 | ||
Current | 27,400 | 23,541 | |
Loans | 27,400 | 23,558 | 19,454 |
Recorded investment >90 days past due and accruing | |||
Residential Portfolio Segment [Member] | |||
Past due | 1,933 | 2,290 | |
Current | 228,075 | 219,724 | |
Loans | 230,008 | 222,014 | 216,436 |
Recorded investment >90 days past due and accruing | |||
Consumer and Other Portfolio Segment [Member] | |||
Past due | 92 | 57 | |
Current | 47,354 | 36,256 | |
Loans | 47,446 | 36,313 | $ 45,999 |
Recorded investment >90 days past due and accruing | |||
Financing Receivables, 30 to 59 Days Past Due [Member] | |||
Past due | 2,918 | 2,378 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 632 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past due | 186 | 111 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 804 | 834 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Real Estate Portfolio Segment [Member] | |||
Past due | 17 | ||
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | |||
Past due | 1,217 | 1,361 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member] | |||
Past due | 79 | 55 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | |||
Past due | 1,698 | 851 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 1,235 | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past due | 110 | 8 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 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 | 340 | 58 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member] | |||
Past due | 13 | 2 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 2,256 | 932 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | |||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past due | 31 | 5 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 1,849 | 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 | 376 | 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 L_7
Note 5 - Allowance For Loan Losses and Credit Quality of Loans - Non-accrual Loans (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Non-accrual loans | $ 5,566 | $ 3,658 |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | ||
Non-accrual loans | 1,624 | |
Commercial Portfolio Segment [Member] | ||
Non-accrual loans | 106 | 243 |
Commercial Real Estate Portfolio Segment [Member] | ||
Non-accrual loans | 2,907 | 1,580 |
Construction Real Estate Portfolio Segment [Member] | ||
Non-accrual loans | 5 | 33 |
Residential Portfolio Segment [Member] | ||
Non-accrual loans | 912 | 1,783 |
Consumer and Other Portfolio Segment [Member] | ||
Non-accrual loans | $ 12 | $ 19 |
Note 5 - Allowance For Loan L_8
Note 5 - Allowance For Loan Losses and Credit Quality of Loans - Impaired Loans (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Related allowance | $ 529 | $ 1,110 | $ 1,141 |
Recorded investment | 9,760 | 12,344 | 17,711 |
Unpaid principal balance | 10,058 | 12,674 | 18,543 |
Average recorded investment | 10,187 | 13,112 | 18,887 |
Interest income recognized | 436 | 584 | 836 |
Related allowance | 529 | 1,110 | 1,141 |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Recorded investment - without allowance | 2,388 | 829 | 966 |
Unpaid principal balance - without allowance | 2,384 | 826 | 1,164 |
Average recorded investment - without allowance | 2,359 | 849 | 1,021 |
Interest income recognized without allowance | 85 | 42 | 46 |
Recorded investment - with allowance | 234 | 241 | 246 |
Unpaid principal balance - with allowance | 234 | 240 | 246 |
Related allowance | 1 | 5 | |
Average recorded investment - with allowance | 237 | 243 | 248 |
Interest income recognized with allowance | 13 | 13 | 13 |
Recorded investment | 2,622 | 1,070 | 1,212 |
Unpaid principal balance | 2,618 | 1,066 | 1,410 |
Average recorded investment | 2,596 | 1,092 | 1,269 |
Interest income recognized | 98 | 55 | 59 |
Related allowance | 1 | 5 | |
Commercial Portfolio Segment [Member] | |||
Recorded investment - without allowance | 88 | ||
Unpaid principal balance - without allowance | 140 | ||
Average recorded investment - without allowance | 123 | ||
Interest income recognized without allowance | 10 | ||
Recorded investment - with allowance | 226 | 265 | 267 |
Unpaid principal balance - with allowance | 234 | 268 | 274 |
Related allowance | 142 | 148 | 199 |
Average recorded investment - with allowance | 241 | 280 | 417 |
Interest income recognized with allowance | 10 | 12 | 15 |
Recorded investment | 226 | 265 | 355 |
Unpaid principal balance | 234 | 268 | 414 |
Average recorded investment | 241 | 280 | 540 |
Interest income recognized | 10 | 12 | 25 |
Related allowance | 142 | 148 | 199 |
Commercial Real Estate Portfolio Segment [Member] | |||
Recorded investment - without allowance | 1,863 | 1,977 | 4,295 |
Unpaid principal balance - without allowance | 1,871 | 2,034 | 4,502 |
Average recorded investment - without allowance | 1,860 | 2,175 | 4,525 |
Interest income recognized without allowance | 40 | 83 | 201 |
Recorded investment - with allowance | 1,299 | 1,776 | 2,558 |
Unpaid principal balance - with allowance | 1,380 | 1,783 | 2,610 |
Related allowance | 146 | 219 | 129 |
Average recorded investment - with allowance | 1,427 | 1,840 | 2,745 |
Interest income recognized with allowance | 90 | 69 | 111 |
Recorded investment | 3,162 | 3,753 | 6,853 |
Unpaid principal balance | 3,251 | 3,817 | 7,112 |
Average recorded investment | 3,287 | 4,015 | 7,270 |
Interest income recognized | 130 | 152 | 312 |
Related allowance | 146 | 219 | 129 |
Construction Real Estate Portfolio Segment [Member] | |||
Recorded investment - without allowance | 17 | 144 | |
Unpaid principal balance - without allowance | 21 | 177 | |
Average recorded investment - without allowance | 83 | 171 | |
Interest income recognized without allowance | 6 | 9 | |
Recorded investment - with allowance | 32 | 1,586 | 1,573 |
Unpaid principal balance - with allowance | 67 | 1,619 | 1,573 |
Related allowance | 4 | 360 | 388 |
Average recorded investment - with allowance | 59 | 1,629 | 1,591 |
Interest income recognized with allowance | 4 | 76 | 73 |
Recorded investment | 32 | 1,603 | 1,717 |
Unpaid principal balance | 67 | 1,640 | 1,750 |
Average recorded investment | 59 | 1,712 | 1,762 |
Interest income recognized | 4 | 82 | 82 |
Related allowance | 4 | 360 | 388 |
Residential Portfolio Segment [Member] | |||
Recorded investment - without allowance | 3,015 | 3,757 | 4,916 |
Unpaid principal balance - without allowance | 3,174 | 3,935 | 5,157 |
Average recorded investment - without allowance | 3,271 | 4,048 | 5,269 |
Interest income recognized without allowance | 165 | 198 | 247 |
Recorded investment - with allowance | 306 | 1,464 | 2,182 |
Unpaid principal balance - with allowance | 316 | 1,515 | 2,224 |
Related allowance | 94 | 177 | 236 |
Average recorded investment - with allowance | 322 | 1,517 | 2,281 |
Interest income recognized with allowance | 14 | 65 | 87 |
Recorded investment | 3,321 | 5,221 | 7,098 |
Unpaid principal balance | 3,490 | 5,450 | 7,381 |
Average recorded investment | 3,593 | 5,565 | 7,550 |
Interest income recognized | 179 | 263 | 334 |
Related allowance | 94 | 177 | 236 |
Consumer and Other Portfolio Segment [Member] | |||
Recorded investment - without allowance | 58 | 30 | 11 |
Unpaid principal balance - without allowance | 59 | 30 | 11 |
Average recorded investment - without allowance | 63 | 32 | 14 |
Interest income recognized without allowance | 4 | 2 | 1 |
Recorded investment - with allowance | 339 | 402 | 465 |
Unpaid principal balance - with allowance | 339 | 403 | 465 |
Related allowance | 143 | 205 | 184 |
Average recorded investment - with allowance | 348 | 416 | 482 |
Interest income recognized with allowance | 11 | 18 | 23 |
Recorded investment | 397 | 432 | 476 |
Unpaid principal balance | 398 | 433 | 476 |
Average recorded investment | 411 | 448 | 496 |
Interest income recognized | 15 | 20 | 24 |
Related allowance | $ 143 | $ 205 | $ 184 |
Note 5 - Allowance For Loan L_9
Note 5 - Allowance For Loan Losses and Credit Quality of Loans - Troubled Debt Restructurings (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Number of contracts | 5 | 19,000 |
Pre-modification recorded principal balance | $ 591 | $ 1,640 |
Post-modification recorded principal balance | $ 359 | $ 1,268 |
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 | 3,000 | |
Pre-modification recorded principal balance | $ 95 | |
Post-modification recorded principal balance | $ 80 | |
Commercial Real Estate Portfolio Segment [Member] | ||
Number of contracts | 2 | 6,000 |
Pre-modification recorded principal balance | $ 341 | $ 1,052 |
Post-modification recorded principal balance | $ 281 | $ 891 |
Construction Real Estate Portfolio Segment [Member] | ||
Number of contracts | 1,000 | |
Pre-modification recorded principal balance | $ 21 | |
Post-modification recorded principal balance | $ 17 | |
Residential Portfolio Segment [Member] | ||
Number of contracts | 3 | 7,000 |
Pre-modification recorded principal balance | $ 250 | $ 440 |
Post-modification recorded principal balance | $ 78 | $ 273 |
Consumer and Other Portfolio Segment [Member] | ||
Number of contracts | 2,000 | |
Pre-modification recorded principal balance | $ 32 | |
Post-modification recorded principal balance | $ 7 |
Note 5 - Allowance For Loan _10
Note 5 - Allowance For Loan Losses and Credit Quality of Loans - Troubled Debt Restructurings Subsequent Default (Details) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | |
Number of contracts | 2 | 1 |
Recorded principal balance | $ 281 | $ 98 |
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 | 2 | |
Recorded principal balance | $ 281 | |
Construction Real Estate Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Residential Portfolio Segment [Member] | ||
Number of contracts | 1 | |
Recorded principal balance | $ 98 | |
Consumer and Other Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance |
Note 6 - Bank Premises and Eq_3
Note 6 - Bank Premises and Equipment (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Property, Plant and Equipment, Gross, Ending Balance | $ 72,633,000 | $ 71,876,000 | |
Estimated Cost to Complete All in Process Projects | 1,131,000 | ||
Operating Leases, Rent Expense, Total | 156,000 | 163,000 | $ 179,000 |
Construction in Progress [Member] | |||
Property, Plant and Equipment, Gross, Ending Balance | $ 1,768,000 | $ 1,070,000 |
Note 6 - Bank Premises and Eq_4
Note 6 - Bank Premises and Equipment - Bank Premises and Equipment (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Bank premises and equipment | $ 72,633 | $ 71,876 |
Less accumulated depreciation | 45,783 | 44,476 |
Bank premises and equipment, net | 26,850 | 27,400 |
Land, Buildings and Improvements [Member] | ||
Bank premises and equipment | 46,849 | 46,057 |
Equipment, Furniture and Fixtures [Member] | ||
Bank premises and equipment | $ 25,784 | $ 25,819 |
Note 6 - Bank Premises and Eq_5
Note 6 - Bank Premises and Equipment - Future Minimum Lease Payments (Details) | Dec. 31, 2018USD ($) |
2019 | $ 123,000 |
2020 | 50,000 |
2021 | 36,000 |
2022 | 30,000 |
2023 | 12,000 |
Thereafter | 4,000 |
Total | $ 255,000 |
Note 7 - Deposits (Details Text
Note 7 - Deposits (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Interest Expense, Time Deposits, $250,000 or More | $ 150,000 | $ 159,000 | $ 156,000 |
Time Deposits, at or Above FDIC Insurance Limit | 15,540,000 | 16,747,000 | |
Time Deposits Maturities, after Next Twelve Months, Total | 56,359,000 | 68,534,000 | |
Time Deposits Less Than $250,000 [Member] | |||
Interest-bearing Domestic Deposit, Brokered | $ 0 | $ 0 |
Note 7 - Deposits - Maturities
Note 7 - Deposits - Maturities of Certificates of Deposit (Details) $ in Thousands | Dec. 31, 2018USD ($) |
Time Deposits Less Than $250,000 [Member] | |
2019 | $ 52,537 |
2020 | 27,293 |
2021 | 12,381 |
2022 | 7,038 |
2023 | 5,652 |
Thereafter | |
Total | 104,901 |
Time Deposits $250,000 Or More [Member] | |
2019 | 11,545 |
2020 | 1,933 |
2021 | 1,048 |
2022 | 606 |
2023 | 408 |
Thereafter | |
Total | $ 15,540 |
Note 8 - Federal Home Loan Ba_2
Note 8 - Federal Home Loan Bank Advances and Repurchase Agreements (Details Textual) - USD ($) | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Advances from Federal Home Loan Banks, Total | $ 10,000,000 | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End | 2.54% | ||
Debt Instrument, Repurchase Amount | $ 0 | $ 0 | |
Federal Home Loan Bank of Indianapolis [Member] | |||
Advances from Federal Home Loan Banks, Total | $ 0 | $ 0 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Interest Rate at Period End | 2.87% | 1.67% | |
Long-term Line of Credit, Total | $ 0 | $ 0 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 20,000,000 | 20,000,000 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 44,696,000 | $ 21,805,000 |
Note 9 - Retirement Plans and_3
Note 9 - Retirement Plans and Postretirement Benefit Plans (Details Textual) | 12 Months Ended | ||||
Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2016USD ($) | Dec. 31, 2002 | Dec. 31, 1992 | |
Defined Contribution Plan, Percent of Employer Match, Aggregate | 4.00% | ||||
Defined Contribution Plan, Employee Deferral Required to be Eligible | 5.00% | ||||
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Amount | $ 24,500 | ||||
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 100.00% | 100.00% | 100.00% | ||
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 3.00% | 3.00% | 3.00% | ||
Defined Contribution Plan, Employer Discretionary Contribution Amount | $ 0 | $ 0 | $ 0 | ||
Defined Contribution Plan, Administrative Expense | $ 550,000 | $ 509,000 | 512,000 | ||
Percentage of Debt Insurance Premium | 200.00% | ||||
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 4.25% | 3.50% | |||
Percentage of Banks Expenses | 200.00% | ||||
Postretirement Health Coverage [Member] | |||||
Defined Benefit Plan, Plan Assets, Benefits Paid | $ 265,000 | $ 206,000 | $ 205,000 | ||
Postretirement Life Insurance [Member] | Director [Member] | |||||
Defined Benefit Plan, Number of Employees | 5 | ||||
Postretirement Life Insurance [Member] | Retired Director [Member] | |||||
Defined Benefit Plan, Number of Employees | 5 | ||||
Postretirement Life Insurance [Member] | Executive Officer [Member] | |||||
Defined Benefit Plan, Number of Employees | 9 | ||||
Postretirement Life Insurance [Member] | Retired Executive Officer [Member] | |||||
Defined Benefit Plan, Number of Employees | 15 | ||||
Postretirement Life Insurance [Member] | For Director Service of Less Than 3 Years [Member] | |||||
Net Death Benefits | $ 500,000 | ||||
Postretirement Life Insurance [Member] | For Director Service up to 5 Years [Member] | |||||
Net Death Benefits | 600,000 | ||||
Postretirement Life Insurance [Member] | For Director Service up to 10 Years [Member] | |||||
Net Death Benefits | 750,000 | ||||
Postretirement Life Insurance [Member] | For Director Service of 10 Years or More [Member] | |||||
Net Death Benefits | $ 1,000,000 | ||||
Additional Matching Amount [Member] | |||||
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay | 50.00% | 50.00% | 50.00% | ||
Defined Contribution Plan, Employer Matching Contribution, Percent of Match | 2.00% | 2.00% | 2.00% | ||
Minimum [Member] | |||||
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 1.00% | ||||
Maximum [Member] | |||||
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent | 75.00% |
Note 9 - Retirement Plans and_4
Note 9 - Retirement Plans and Postretirement Benefit Plans - Reconciliation of the Accumulated Postretirement Benefit Obligation (Details) - Postretirement Health Coverage [Member] - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
APBO | $ 3,685 | $ 4,111 | |
Unrecognized net gain (loss) | 27 | (474) | |
Accrued benefit cost at fiscal year end | $ 3,712 | $ 3,637 | $ 3,478 |
Note 9 - Retirement Plans and_5
Note 9 - Retirement Plans and Postretirement Benefit Plans - Postretirement Benefit Expense (Details) - Postretirement Health Coverage [Member] - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Service cost | $ 101 | $ 117 | $ 128 |
Interest cost | 140 | 156 | 142 |
Amortization of gains | 3 | ||
Net postretirement benefit expense | $ 244 | $ 273 | $ 270 |
Note 9 - Retirement Plans and_6
Note 9 - Retirement Plans and Postretirement Benefit Plans - Postretirement Death Benefits and Health Care Benefits (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Postretirement Life Insurance [Member] | |||
Benefit obligation at beginning of year | $ 6,950 | $ 6,185 | |
Service cost | 12 | 7 | |
Interest cost | 238 | 242 | |
Actuarial loss (gain) | (499) | 516 | |
Benefits paid, net of participants' contributions | (138) | ||
Benefit obligation at end of year | 6,563 | 6,950 | $ 6,185 |
Accrued benefit cost at beginning of year | 5,606 | 5,196 | |
Service cost | 12 | 7 | |
Interest cost | 238 | 242 | |
Amortization | 161 | 161 | |
Employer contributions | (138) | ||
Net gain | |||
Accrued benefit cost at end of year | 5,879 | 5,606 | 5,196 |
Fair value of plan assets at beginning of year | |||
Employer contributions | 138 | ||
Plan participants' contributions | |||
Benefits paid | (138) | ||
Fair value of plan assets at end of year | |||
Funded status at end of year | (6,563) | (6,950) | |
Postretirement Health Coverage [Member] | |||
Benefit obligation at beginning of year | 4,111 | 3,745 | |
Service cost | 101 | 117 | 128 |
Interest cost | 140 | 156 | 142 |
Actuarial loss (gain) | (498) | 207 | |
Benefits paid, net of participants' contributions | (169) | (114) | |
Benefit obligation at end of year | 3,685 | 4,111 | 3,745 |
Accrued benefit cost at beginning of year | 3,637 | 3,478 | |
Service cost | 101 | 117 | |
Interest cost | 140 | 156 | |
Amortization | 3 | ||
Employer contributions | (169) | (114) | |
Net gain | |||
Accrued benefit cost at end of year | 3,712 | 3,637 | 3,478 |
Fair value of plan assets at beginning of year | |||
Employer contributions | 169 | 114 | |
Plan participants' contributions | 96 | 92 | |
Benefits paid | (265) | (206) | |
Fair value of plan assets at end of year | |||
Funded status at end of year | $ (3,685) | $ (4,111) |
Note 9 - Retirement Plans and_7
Note 9 - Retirement Plans and Postretirement Benefit Plans - Amounts Recognized in Other Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Postretirement Life Insurance [Member] | ||
Assets | ||
Liabilities | 6,563 | 6,950 |
Total | 6,563 | 6,950 |
Postretirement Health Coverage [Member] | ||
Assets | ||
Liabilities | 3,685 | 4,111 |
Total | $ 3,685 | $ 4,111 |
Note 9 - Retirement Plans and_8
Note 9 - Retirement Plans and Postretirement Benefit Plans - Amounts Recognized in Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Postretirement Life Insurance [Member] | ||
Net loss (gain) | $ (309) | $ 190 |
Transition obligation (asset) | ||
Prior service cost (credit) | 993 | 1,154 |
Total included in AOCI | 684 | 1,344 |
Postretirement Health Coverage [Member] | ||
Net loss (gain) | (27) | 474 |
Transition obligation (asset) | ||
Prior service cost (credit) | ||
Total included in AOCI | $ (27) | $ 474 |
Note 9 - Retirement Plans and_9
Note 9 - Retirement Plans and Postretirement Benefit Plans - Projected Payments (Details) | Dec. 31, 2018USD ($) |
Postretirement Life Insurance [Member] | |
2019 | $ 356,000 |
2020 | 367,000 |
2021 | 385,000 |
2023 | 396,000 |
2024 | 404,000 |
2024-2028 | 2,021,000 |
Postretirement Health Coverage [Member] | |
2019 | 150,000 |
2020 | 166,000 |
2021 | 176,000 |
2023 | 183,000 |
2024 | 188,000 |
2024-2028 | $ 1,037,000 |
Note 10 - Stockholders' Equity
Note 10 - Stockholders' Equity (Details Textual) - USD ($) $ / shares in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Stock Issued During Period, Shares, Employee Stock Purchase Plans | 125,871 | 129,962 |
Common Stock, Par or Stated Value Per Share | $ 0 | $ 0 |
Stock Issued During Period, Value, Employee Stock Purchase Plan | $ 1,330,000 | $ 1,447,000 |
Note 11 - Disclosures About F_3
Note 11 - Disclosures About Fair Value of Financial Instruments - Financial Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | |
Financial Assets: | |||
Time Deposits in Other Banks | $ 10,796 | $ 15,196 | |
Securities - Available for Sale | 401,613 | 442,816 | |
Securities - Held to Maturity | 37,486 | ||
Financial Liabilities: | |||
Federal Home Loan Bank Advances | 10,000 | ||
US Treasury and Government [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 128,235 | 135,880 | |
US States and Political Subdivisions Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 69,109 | 36,983 | |
Securities - Held to Maturity | 37,007 | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 190,554 | 244,777 | |
Corporate Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 13,715 | 23,083 | |
Securities - Held to Maturity | 479 | ||
Other Debt Obligations [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 2,093 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 2,093 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US Treasury and Government [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
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 | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other Debt Obligations [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 2,093 | ||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 401,613 | 440,723 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Treasury and Government [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 128,235 | 135,880 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 69,109 | 36,983 | |
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 | 190,554 | 244,777 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 13,715 | 23,083 | |
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other Debt Obligations [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Treasury and Government [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
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 | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Debt Obligations [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
Reported Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | |||
Financial Assets: | |||
Cash and due from banks | 51,842 | 53,010 | |
Time Deposits in Other Banks | 10,796 | 15,196 | |
Equity Securities | 7,415 | ||
Loans Held for Sale | 488 | 346 | |
Loans, net | [1] | 760,889 | 687,313 |
Accrued Interest Receivable | 4,413 | 4,169 | |
Federal Home Loan Bank Stock | 4,148 | ||
Financial Liabilities: | |||
Noninterest Bearing Deposits | 297,704 | 299,838 | |
Interest Bearings Deposits | 885,206 | 898,326 | |
Federal Home Loan Bank Advances | 10,000 | ||
Accrued Interest Payable | 65 | 61 | |
Reported Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 128,235 | 135,880 | |
Reported Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 36,983 | ||
Securities - Held to Maturity | 69,109 | 36,663 | |
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 | 190,554 | 244,777 | |
Reported Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 23,083 | ||
Securities - Held to Maturity | 13,715 | 500 | |
Reported Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [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 | 51,842 | 53,010 | |
Time Deposits in Other Banks | 10,548 | 15,082 | |
Equity Securities | 7,415 | ||
Loans Held for Sale | 502 | 356 | |
Loans, net | [1] | 750,249 | 657,684 |
Accrued Interest Receivable | 4,413 | 4,169 | |
Federal Home Loan Bank Stock | 4,148 | ||
Financial Liabilities: | |||
Noninterest Bearing Deposits | 297,704 | 299,838 | |
Interest Bearings Deposits | 885,886 | 899,481 | |
Federal Home Loan Bank Advances | 10,042 | ||
Accrued Interest Payable | 65 | 61 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 128,235 | 135,880 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 36,983 | ||
Securities - Held to Maturity | 69,109 | 37,007 | |
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 | 190,554 | 244,777 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 23,083 | ||
Securities - Held to Maturity | 13,715 | 479 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [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 | 51,842 | 53,010 | |
Time Deposits in Other Banks | |||
Equity Securities | 2,042 | ||
Loans Held for Sale | |||
Loans, net | [1] | ||
Accrued Interest Receivable | |||
Federal Home Loan Bank Stock | |||
Financial Liabilities: | |||
Noninterest Bearing Deposits | 297,704 | 299,838 | |
Interest Bearings Deposits | |||
Federal Home Loan Bank Advances | |||
Accrued Interest Payable | |||
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] | US States and Political Subdivisions Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
Securities - Held to Maturity | |||
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] | Corporate Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
Securities - Held to Maturity | |||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Other Debt Obligations [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 | 10,548 | 15,082 | |
Equity Securities | 5,373 | ||
Loans Held for Sale | |||
Loans, net | [1] | ||
Accrued Interest Receivable | |||
Federal Home Loan Bank Stock | 4,148 | ||
Financial Liabilities: | |||
Noninterest Bearing Deposits | |||
Interest Bearings Deposits | 885,886 | 899,481 | |
Federal Home Loan Bank Advances | |||
Accrued Interest Payable | |||
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 | 128,235 | 135,880 | |
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 - Available for Sale | 36,983 | ||
Securities - Held to Maturity | 69,109 | 2,407 | |
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 | 190,554 | 244,777 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | 23,083 | ||
Securities - Held to Maturity | 13,715 | 479 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Other Debt Obligations [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 | |||
Equity Securities | |||
Loans Held for Sale | 502 | 356 | |
Loans, net | [1] | 750,249 | 657,684 |
Accrued Interest Receivable | 4,413 | 4,169 | |
Federal Home Loan Bank Stock | |||
Financial Liabilities: | |||
Noninterest Bearing Deposits | |||
Interest Bearings Deposits | |||
Federal Home Loan Bank Advances | 10,042 | ||
Accrued Interest Payable | 65 | 61 | |
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] | US States and Political Subdivisions Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
Securities - Held to Maturity | 34,600 | ||
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] | Corporate Debt Securities [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
Securities - Held to Maturity | |||
Estimate of Fair Value Measurement [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Debt Obligations [Member] | |||
Financial Assets: | |||
Securities - Available for Sale | |||
[1] | The estimated fair value of loans, net as of December 31, 2018 reflects an exit price assumption. The December 31, 2017 fair value estimate is not based on an exit price assumption. |
Note 12 - Federal Income Taxe_2
Note 12 - Federal Income Taxes (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Deferred Tax Assets, Valuation Allowance, Total | $ 0 | $ 0 | $ 0 |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 34.00% | 34.00% |
Deferred Tax Assets Reclassified to Other Assets | $ 2,343,000 |
Note 12 - Federal Income Taxe_3
Note 12 - Federal Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Current | $ 3,658 | $ 1,826 | $ 2,725 | ||||||||
Deferred | 287 | 3,797 | 3,512 | ||||||||
Remeasurement of deferred taxes | 4,278 | ||||||||||
Tax expense | $ 987 | $ 1,127 | $ 1,105 | $ 726 | $ 5,559 | $ 1,383 | $ 1,586 | $ 1,373 | $ 3,945 | $ 9,901 | $ 6,237 |
Note 12 - Federal Income Taxe_4
Note 12 - Federal Income Taxes - Effective Tax Rate (Details) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Statutory rate | 21.00% | 34.00% | 34.00% |
Municipal interest income | (1.60%) | (2.10%) | (2.00%) |
Other, net | (1.20%) | (4.50%) | (1.90%) |
Remeasurement of deferred taxes | 20.90% | ||
Effective tax rate | 18.20% | 48.30% | 30.10% |
Note 12 - Federal Income Taxe_5
Note 12 - Federal Income Taxes - Net Deferred Income Tax Asset (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Allowance for loan losses | $ 1,702 | $ 1,680 |
Net deferred loan origination fees, liability | (11) | |
Net deferred loan origination fees, asset | 74 | |
Tax versus book depreciation differences, liability | (28) | |
Tax versus book depreciation differences, asset | 59 | |
Net unrealized losses on securities available for sale | 2,442 | 1,667 |
Accrued postretirement benefits | 2,372 | 2,242 |
Postretirement benefits in other comprehensive income | 138 | 382 |
Alternative minimum tax | ||
Non-accrual loan interest | 152 | 158 |
Other real estate owned | 35 | 325 |
Other, net | 504 | 512 |
Total deferred federal tax asset | 7,306 | 7,099 |
Accretion of bond discount | (31) | (27) |
Prepaid expenses | (116) | (157) |
Other | (83) | (83) |
Total deferred federal tax liabilities | (230) | (267) |
Net deferred federal income tax asset | $ 7,076 | $ 6,832 |
Note 13 - Regulatory Capital _3
Note 13 - Regulatory Capital Requirements - Actual Capital Amounts and Ratios (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Total risk based capital to risk weighted assets, amount | $ 145,480 | $ 148,387 |
Total risk based capital to risk weighted assets, ratio | 15.79% | 17.39% |
Total risk based capital to risk weighted assets - minimum to be well capitalized, amount | $ 92,111 | $ 85,350 |
Total risk based capital to risk weighted assets - minimum to be well capitalized, ratio | 10.00% | 10.00% |
Tier 1 capital to risk weighted assets, amount | $ 137,374 | $ 140,364 |
Tier 1 capital to risk weighted assets, ratio | 14.91% | 16.45% |
Tier 1 capital to risk weighted assets - minimum to be well capitalized, amount | $ 73,689 | $ 68,280 |
Tier 1 capital to risk weighted assets - minimum to be well capitalized, ratio | 8.00% | 8.00% |
Common equity tier 1 capital to risk weighted assets, amount | $ 137,374 | $ 140,364 |
Common equity tier 1 capital to risk weighted assets, ratio | 14.91% | 16.45% |
Common equity tier 1 capital to risk weighted assets - minimum to be well capitalized, amount | $ 59,872 | $ 55,477 |
Common equity tier 1 capital to risk weighted assets - minimum to be well capitalized, ratio | 6.50% | 6.50% |
Tier 1 capital to average assets, amount | $ 137,374 | $ 140,364 |
Tier 1 capital to average assets, ratio | 10.28% | 10.44% |
Tier 1 capital to average assets - minimum to be well capitalized, amount | $ 66,824 | $ 67,229 |
Tier 1 capital to average assets - minimum to be well capitalized, ratio | 5.00% | 5.00% |
Monroe Bank & Trust [Member] | ||
Total risk based capital to risk weighted assets, amount | $ 143,583 | $ 146,842 |
Total risk based capital to risk weighted assets, ratio | 15.61% | 17.21% |
Total risk based capital to risk weighted assets - minimum to be well capitalized, amount | $ 91,976 | $ 85,343 |
Total risk based capital to risk weighted assets - minimum to be well capitalized, ratio | 10.00% | 10.00% |
Tier 1 capital to risk weighted assets, amount | $ 135,477 | $ 138,819 |
Tier 1 capital to risk weighted assets, ratio | 14.73% | 16.27% |
Tier 1 capital to risk weighted assets - minimum to be well capitalized, amount | $ 73,580 | $ 68,274 |
Tier 1 capital to risk weighted assets - minimum to be well capitalized, ratio | 8.00% | 8.00% |
Common equity tier 1 capital to risk weighted assets, amount | $ 135,477 | $ 138,819 |
Common equity tier 1 capital to risk weighted assets, ratio | 14.73% | 16.27% |
Common equity tier 1 capital to risk weighted assets - minimum to be well capitalized, amount | $ 59,784 | $ 55,473 |
Common equity tier 1 capital to risk weighted assets - minimum to be well capitalized, ratio | 6.50% | 6.50% |
Tier 1 capital to average assets, amount | $ 135,477 | $ 138,819 |
Tier 1 capital to average assets, ratio | 10.15% | 10.33% |
Tier 1 capital to average assets - minimum to be well capitalized, amount | $ 66,741 | $ 67,216 |
Tier 1 capital to average assets - minimum to be well capitalized, ratio | 5.00% | 5.00% |
Note 14 - Earnings Per Share (D
Note 14 - Earnings Per Share (Details Textual) - shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Employee Stock Option [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 94,000 | 91,500 | 213,101 |
Note 14 - Earnings Per Share -
Note 14 - Earnings Per Share - Calculations of Earnings Per Common Share (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Net Income | $ 3,878,000 | $ 4,974,000 | $ 4,945,000 | $ 3,902,000 | $ (144,000) | $ 3,933,000 | $ 3,640,000 | $ 3,180,000 | $ 17,699,000 | $ 10,609,000 | $ 14,501,000 |
Less preferred dividends | |||||||||||
Net income applicable to common stock | $ 17,699,000 | $ 10,609,000 | $ 14,501,000 | ||||||||
Average common shares outstanding (in shares) | 22,976,393 | 22,860,767 | 22,802,325 | ||||||||
Basic Earnings Per Common Share (Note 14) (in dollars per share) | $ 0.17 | $ 0.21 | $ 0.22 | $ 0.17 | $ (0.01) | $ 0.17 | $ 0.16 | $ 0.14 | $ 0.77 | $ 0.46 | $ 0.64 |
Net income applicable to common stock | $ 17,699,000 | $ 10,609,000 | $ 14,501,000 | ||||||||
Stock based compensation adjustment (in shares) | 92,661 | 158,949 | 134,868 | ||||||||
Average common shares outstanding - diluted (in shares) | 23,069,054 | 23,019,716 | 22,937,193 | ||||||||
Diluted Earnings Per Common Share (Note 14) (in dollars per share) | $ 0.17 | $ 0.21 | $ 0.21 | $ 0.17 | $ (0.01) | $ 0.17 | $ 0.16 | $ 0.14 | $ 0.77 | $ 0.46 | $ 0.63 |
Note 15 - Stock-based Compens_3
Note 15 - Stock-based Compensation Plan (Details Textual) - USD ($) | Feb. 22, 2018 | Feb. 23, 2017 | May 01, 2008 | Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | May 03, 2018 | May 07, 2015 |
Share Price | $ 9.30 | $ 9.30 | ||||||||||||||
Allocated Share-based Compensation Expense, Total | $ 683,000 | $ 614,000 | $ 548,000 | |||||||||||||
Earnings Per Share, Basic, Total | 0.17 | $ 0.21 | $ 0.22 | $ 0.17 | $ (0.01) | $ 0.17 | $ 0.16 | $ 0.14 | $ 0.77 | $ 0.46 | $ 0.64 | |||||
Stock Appreciation Rights (SARs) [Member] | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted | 105,000 | 94,500 | 105,500 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 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 | $ 3.37 | $ 3.08 | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance | $ 2.66 | $ 3.28 | $ 2.66 | $ 3.28 | ||||||||||||
Restricted Stock Units (RSUs) [Member] | ||||||||||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 237,000 | $ 237,000 | ||||||||||||||
Allocated Share-based Compensation Expense, Total | $ 355,000 | $ 237,000 | ||||||||||||||
Adjustment to EPS Performance for 2018 | $ (0.08) | |||||||||||||||
Restricted Stock [Member] | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 7,500 | 6,000 | 6,000 | |||||||||||||
Allocated Share-based Compensation Expense, Total | $ 78,000 | $ 69,000 | $ 50,000 | |||||||||||||
Stock Incentive Plan 2008 [Member] | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee | 1,000,000 | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,500,000 | |||||||||||||||
Stock Incentive Plan 2008 [Member] | Stock Appreciation Rights (SARs) [Member] | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term | 7 years | 7 years | 7 years | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate | 23.64% | 33.54% | 41.21% | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate | 2.86% | 2.20% | 1.47% | |||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate | 2.18% | 1.83% | 1.50% | |||||||||||||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Lower Range Limit | $ 1.85 | |||||||||||||||
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Upper Range Limit | $ 10.90 | |||||||||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | 264,000 | $ 264,000 | ||||||||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 229 days | |||||||||||||||
Stock Incentive Plan 2008 [Member] | Stock Appreciation Rights (SARs) [Member] | Certain Officers [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 Incentive Plan 2008 [Member] | Stock Appreciation Rights (SARs) [Member] | Executive Officer [Member] | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 21,500 | |||||||||||||||
Stock Incentive Plan 2008 [Member] | Restricted Stock Units (RSUs) [Member] | Non-executive Members of Board of Directors [Member] | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 7,500 | |||||||||||||||
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 | |||||||||||||||
Stock Incentive Plan 2008 [Member] | Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 24,000 | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 10.90 | |||||||||||||||
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 | |||||||||||||||
Stock Granted, Value, Share-based Compensation, Net of Forfeitures, Total | $ 225,000 | $ 262,000 | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period | 2 years | |||||||||||||||
Stock Incentive Plan 2008 [Member] | Restricted Stock Units (RSUs) [Member] | Executive Officer [Member] | Contingent Vesting Achievement [Member] | ||||||||||||||||
Earnings Per Share, Basic, Total | $ 1.23 | |||||||||||||||
Stock Incentive Plan 2008 [Member] | Restricted Stock [Member] | ||||||||||||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 0 | $ 0 | $ 0 | $ 0 | $ 4,000 | |||||||||||
Stock Incentive Plan, 2018 [Member] | ||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 1,500,000 | |||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized for Year Grants to Individuals | 100,000 | 100,000 | ||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 1,481,870 | 1,481,870 |
Note 15 - Stock-based Compens_4
Note 15 - Stock-based Compensation Plan - SOSARs Activity (Details) - Stock Appreciation Rights (SARs) [Member] - $ / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
SOSARs Outstanding, January 1 (in shares) | 372,585 | 467,118 | 609,275 |
SOSARs Outstanding, January 1 (in dollars per share) | $ 6.82 | $ 5.37 | $ 4.02 |
Granted (in shares) | 105,000 | 94,500 | 105,500 |
Granted (in dollars per share) | $ 10.45 | $ 10.90 | $ 8.26 |
Exercised (in shares) | 125,870 | 172,260 | 238,818 |
Exercised (in dollars per share) | $ 4.33 | $ 5.05 | $ 3.18 |
Forfeited (in shares) | 4,336 | 16,773 | 8,839 |
Forfeited (in dollars per share) | $ 10.09 | $ 7.78 | $ 5.68 |
Expired (in shares) | |||
Expired (in dollars per share) | |||
SOSARs Outstanding, December 31 (in shares) | 347,379 | 372,585 | 467,118 |
SOSARs Outstanding, December 31 (in dollars per share) | $ 8.78 | $ 6.82 | $ 5.37 |
SOSARs Exercisable, December 31 (in shares) | 153,879 | 250,565 | 358,242 |
SOSARs Exercisable, December 31 (in dollars per share) | $ 6.42 | $ 5.16 | $ 4.83 |
Weighted Average Fair Value of SOSARsGranted During Year (in dollars per share) | $ 2.36 | $ 3.37 | $ 3.08 |
Note 15 - Stock-based Compens_5
Note 15 - Stock-based Compensation Plan - SOSARs Price Range (Details) | 12 Months Ended |
Dec. 31, 2018$ / sharesshares | |
Range One [Member] | |
Exercise Price (in dollars per share) | $ / shares | $ 1.85 |
Outstanding SOSARs Shares (in shares) | 2,000 |
Outstanding SOSARs Remaining Life (Year) | 2 years 25 days |
Exercisable SOSARs Shares (in shares) | 2,000 |
Exercisable SOSARs Remaining Life (Year) | 2 years 25 days |
Range Two [Member] | |
Exercise Price (in dollars per share) | $ / shares | $ 2.35 |
Outstanding SOSARs Shares (in shares) | 5,000 |
Outstanding SOSARs Remaining Life (Year) | 4 years 3 days |
Exercisable SOSARs Shares (in shares) | 5,000 |
Exercisable SOSARs Remaining Life (Year) | 4 years 3 days |
Range Three [Member] | |
Exercise Price (in dollars per share) | $ / shares | $ 4.90 |
Outstanding SOSARs Shares (in shares) | 24,002 |
Outstanding SOSARs Remaining Life (Year) | 5 years 69 days |
Exercisable SOSARs Shares (in shares) | 24,002 |
Exercisable SOSARs Remaining Life (Year) | 5 years 69 days |
Range Four [Member] | |
Exercise Price (in dollars per share) | $ / shares | $ 4.94 |
Outstanding SOSARs Shares (in shares) | 21,337 |
Outstanding SOSARs Remaining Life (Year) | 6 years 25 days |
Exercisable SOSARs Shares (in shares) | 21,337 |
Exercisable SOSARs Remaining Life (Year) | 6 years 25 days |
Range Five [Member] | |
Exercise Price (in dollars per share) | $ / shares | $ 5.79 |
Outstanding SOSARs Shares (in shares) | 36,034 |
Outstanding SOSARs Remaining Life (Year) | 6 years 149 days |
Exercisable SOSARs Shares (in shares) | 36,034 |
Exercisable SOSARs Remaining Life (Year) | 6 years 149 days |
Range Six [Member] | |
Exercise Price (in dollars per share) | $ / shares | $ 8.26 |
Outstanding SOSARs Shares (in shares) | 65,506 |
Outstanding SOSARs Remaining Life (Year) | 7 years 54 days |
Exercisable SOSARs Shares (in shares) | 65,506 |
Exercisable SOSARs Remaining Life (Year) | 7 years 54 days |
Range Seven [Member] | |
Exercise Price (in dollars per share) | $ / shares | $ 10.45 |
Outstanding SOSARs Shares (in shares) | 105,000 |
Outstanding SOSARs Remaining Life (Year) | 9 years 54 days |
Exercisable SOSARs Shares (in shares) | |
Exercisable SOSARs Remaining Life (Year) | 9 years 54 days |
Range Eight [Member] | |
Exercise Price (in dollars per share) | $ / shares | $ 10.90 |
Outstanding SOSARs Shares (in shares) | 88,500 |
Outstanding SOSARs Remaining Life (Year) | 8 years 54 days |
Exercisable SOSARs Shares (in shares) | |
Exercisable SOSARs Remaining Life (Year) | 8 years 54 days |
Range Nine [Member] | |
Outstanding SOSARs Shares (in shares) | 347,379 |
Outstanding SOSARs Remaining Life (Year) | 7 years 240 days |
Exercisable SOSARs Shares (in shares) | 153,879 |
Exercisable SOSARs Remaining Life (Year) | 6 years 142 days |
Note 15 - Stock-based Compens_6
Note 15 - Stock-based Compensation Plan - Non-vested SOSARs (Details) - Stock Appreciation Rights (SARs) [Member] - $ / shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Nonvested at January 1, 2018 (in shares) | 91,536 | ||
Nonvested at January 1, 2018 (in dollars per share) | $ 3.28 | ||
Granted (in shares) | 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 | $ 3.37 | $ 3.08 |
Vested (in shares) | (93,989) | ||
Vested (in dollars per share) | $ 2.90 | ||
Forfeited (in shares) | (3,337) | ||
Forfeited (in dollars per share) | $ 3.25 | ||
Nonvested at December 31, 2018 (in shares) | 99,210 | 91,536 | |
Nonvested at December 31, 2018 (in dollars per share) | $ 2.66 | $ 3.28 |
Note 15 - Stock-based Compens_7
Note 15 - Stock-based Compensation Plan - Non-vested Restricted Stock Awards (Details) - Restricted Stock [Member] - shares | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Nonvested at January 1, 2018 (in shares) | 1,250 | 2,500 | |
Granted (in shares) | 7,500 | 6,000 | 6,000 |
Vested (in shares) | 7,500 | 7,250 | 6,250 |
Forfeited (in shares) | 1,000 | ||
Nonvested at December 31, 2018 (in shares) | 1,250 |
Note 15 - Stock-based Compens_8
Note 15 - Stock-based Compensation Plan - Restricted Stock Units Performance Targets (Details) - Restricted Stock Units (RSUs) [Member] | 12 Months Ended |
Dec. 31, 2018$ / shares | |
Vesting Scenario One [Member] | |
Two Year Cumulative Fully Diluted EPS for the Two Year Performance Period (in dollars per share) | $ 1.6534 |
Percent of Target Achieved | 100.00% |
Percent RSUs Vested | 100.00% |
Vesting Scenario Two [Member] | |
Two Year Cumulative Fully Diluted EPS for the Two Year Performance Period (in dollars per share) | $ 1.5707 |
Percent of Target Achieved | 95.00% |
Percent RSUs Vested | 83.00% |
Vesting Scenario Three [Member] | |
Two Year Cumulative Fully Diluted EPS for the Two Year Performance Period (in dollars per share) | $ 1.4881 |
Percent of Target Achieved | 90.00% |
Percent RSUs Vested | 67.00% |
Vesting Scenario Four [Member] | |
Two Year Cumulative Fully Diluted EPS for the Two Year Performance Period (in dollars per share) | $ 1.4054 |
Percent of Target Achieved | 85.00% |
Percent RSUs Vested | 50.00% |
Vesting Scenario Five [Member] | |
Two Year Cumulative Fully Diluted EPS for the Two Year Performance Period (in dollars per share) | $ 1.4054 |
Percent of Target Achieved | |
Percent RSUs Vested | 0.00% |
Note 15 - Stock-based Compens_9
Note 15 - Stock-based Compensation Plan - Recorded Expense for All Stock Based Compensation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Recorded expense for all Stock Based Compensation awards | $ 683 | $ 614 | $ 548 |
Unrecognized compensation expense for all Stock Based Compensation awards | $ 501 | $ 557 | $ 524 |
Note 16 - Parent Company (Detai
Note 16 - Parent Company (Details Textual) | Dec. 31, 2018USD ($) |
Maximum Funds Available for Loan to Corporation | $ 14,325,000 |
Note 16 - Parent Company - Bala
Note 16 - Parent Company - Balance Sheets (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 |
Cash and due from banks | $ 17,058 | $ 18,233 | ||
Time Deposits in Other Banks | 10,796 | 15,196 | ||
Equity Securities | 7,415 | 4,148 | ||
Total assets | 1,336,891 | 1,347,420 | ||
Accounts payable and accrued expenses | 16,314 | 16,598 | ||
Total liabilities | 1,209,224 | 1,214,762 | ||
Total stockholders' equity | 127,667 | 132,658 | $ 141,114 | $ 147,341 |
Total liabilities and stockholders' equity | 1,336,891 | 1,347,420 | ||
Parent Company [Member] | ||||
Cash and due from banks | 804 | 1,596 | ||
Time Deposits in Other Banks | 250 | 250 | ||
Equity Securities | 1,225 | |||
Investment in subsidiary bank | 125,770 | 131,113 | ||
Other assets | 129 | 68 | ||
Total assets | 128,178 | 133,027 | ||
Accounts payable and accrued expenses | 511 | 369 | ||
Total liabilities | 511 | 369 | ||
Total stockholders' equity | 127,667 | 132,658 | ||
Total liabilities and stockholders' equity | $ 128,178 | $ 133,027 |
Note 16 - Parent Company - Stat
Note 16 - Parent Company - Statements of Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Interest Income | $ 12,122 | $ 11,892 | $ 11,324 | $ 10,956 | $ 10,790 | $ 10,658 | $ 10,301 | $ 10,051 | $ 46,294 | $ 41,800 | $ 39,859 |
Income tax expense (benefit) | 987 | 1,127 | 1,105 | 726 | 5,559 | 1,383 | 1,586 | 1,373 | 3,945 | 9,901 | 6,237 |
Net Income | $ 3,878 | $ 4,974 | $ 4,945 | $ 3,902 | $ (144) | $ 3,933 | $ 3,640 | $ 3,180 | 17,699 | 10,609 | 14,501 |
Parent Company [Member] | |||||||||||
Dividends from subsidiary bank | 22,100 | 20,600 | 15,650 | ||||||||
Interest Income | 3 | 2 | |||||||||
Total income | 22,103 | 20,602 | 15,650 | ||||||||
Other expense | 1,178 | 454 | 332 | ||||||||
Total expense | 1,178 | 454 | 332 | ||||||||
Income before tax and equity in undistributed net income of subsidiary bank | 20,925 | 20,148 | 15,318 | ||||||||
Income tax expense (benefit) | (114) | (158) | (113) | ||||||||
Income (Loss) before equity in undistributed net income of subsidiary bank | 21,039 | 20,306 | 15,431 | ||||||||
Equity in undistributed net income of subsidiary bank | (3,340) | (9,697) | (930) | ||||||||
Net Income | $ 17,699 | $ 10,609 | $ 14,501 |
Note 16 - Parent Company - St_2
Note 16 - Parent Company - Statements of Cash Flows (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Net Income | $ 3,878 | $ 4,974 | $ 4,945 | $ 3,902 | $ (144) | $ 3,933 | $ 3,640 | $ 3,180 | $ 17,699 | $ 10,609 | $ 14,501 |
Net cash provided by operating activities | 25,363 | 18,812 | 16,778 | ||||||||
Purchase of time deposits in other banks | (500) | (13,946) | |||||||||
Issuance of common stock | 375 | 354 | 221 | ||||||||
Repurchase of common stock | (1,414) | ||||||||||
Dividends paid | (21,351) | (21,015) | (14,636) | ||||||||
Net cash used for financing activities | (26,551) | (22,532) | 3,152 | ||||||||
Net Increase (Decrease) In Cash And Cash Equivalents | (1,168) | 238 | (26,778) | ||||||||
Cash and Cash Equivalents at Beginning of Year (Note 1) | 53,010 | 52,772 | 53,010 | 52,772 | 79,550 | ||||||
Cash and Cash Equivalents at End of Year (Note 1) | 51,842 | 53,010 | 51,842 | 53,010 | 52,772 | ||||||
Parent Company [Member] | |||||||||||
Net Income | 17,699 | 10,609 | 14,501 | ||||||||
Equity in undistributed net income of subsidiary bank | 3,340 | 9,697 | 930 | ||||||||
Net (decrease) increase in other liabilities | 142 | (505) | 387 | ||||||||
Net decrease in other assets | 228 | 731 | 376 | ||||||||
Net cash provided by operating activities | 21,409 | 20,532 | 16,194 | ||||||||
Purchase of investment securities | (1,225) | ||||||||||
Purchase of time deposits in other banks | (250) | ||||||||||
Investment in subsidiary | |||||||||||
Net cash used for investing activities | (1,225) | (250) | |||||||||
Issuance of common stock | 375 | 354 | 221 | ||||||||
Repurchase of common stock | (1,414) | ||||||||||
Dividends paid | (21,351) | (21,015) | (14,636) | ||||||||
Net cash used for financing activities | (20,976) | (20,661) | (15,829) | ||||||||
Net Increase (Decrease) In Cash And Cash Equivalents | (792) | (379) | 365 | ||||||||
Cash and Cash Equivalents at Beginning of Year (Note 1) | $ 1,596 | $ 1,975 | 1,596 | 1,975 | 1,610 | ||||||
Cash and Cash Equivalents at End of Year (Note 1) | $ 804 | $ 1,596 | $ 804 | $ 1,596 | $ 1,975 |
Note 17 - Financial Instrumen_3
Note 17 - Financial Instruments With Off-balance Sheet Risk (Details Textual) | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Home Equity Line of Credit [Member] | |
Line of Credit Facility, Expiration Period | 10 years |
Standby Letters of Credit, Expire in 2018 [Member] | |
Fair Value Disclosure, Off-balance Sheet Risks, Amount, Asset | $ 1,763,000 |
Note 17 - Financial Instrumen_4
Note 17 - Financial Instruments With Off-balance Sheet Risk - Off-balance Sheet Credit Risk Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Commitments to Extend Credit - Commercial Lines of Credit [Member] | ||
Off-balance sheet credit risks | $ 116,119 | $ 103,080 |
Commitments to Extend Credit - Credit Card Lines of Credit [Member] | ||
Off-balance sheet credit risks | 6,680 | 5,934 |
Commitments to Extend Credit - Home Equity Lines of Credit [Member] | ||
Off-balance sheet credit risks | 34,621 | 30,368 |
Standby Letters of Credit and Financial Guarantees [Member] | ||
Off-balance sheet credit risks | $ 1,763 | $ 1,364 |
Note 18 - Quarterly Financial_3
Note 18 - Quarterly Financial Information (Unaudited) - Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2018 | Sep. 30, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 | Sep. 30, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Total Interest Income | $ 12,122 | $ 11,892 | $ 11,324 | $ 10,956 | $ 10,790 | $ 10,658 | $ 10,301 | $ 10,051 | $ 46,294 | $ 41,800 | $ 39,859 |
Total Interest Expense | 669 | 675 | 491 | 420 | 417 | 427 | 437 | 456 | 2,255 | 1,737 | 2,236 |
Net Interest Income | 11,453 | 11,217 | 10,833 | 10,536 | 10,373 | 10,231 | 9,864 | 9,595 | 44,039 | 40,063 | 37,623 |
Recovery of Loan Losses | (100) | (500) | (200) | (100) | (700) | (2,200) | |||||
Other Income | 3,313 | 4,040 | 4,403 | 3,784 | 3,657 | 4,035 | 4,370 | 3,820 | 15,540 | 15,882 | 17,513 |
Other Expenses | 9,901 | 9,156 | 9,186 | 9,792 | 9,115 | 8,950 | 9,008 | 9,062 | 38,035 | 36,135 | 36,598 |
Income Before Provision For Income Taxes | 4,865 | 6,101 | 6,050 | 4,628 | 5,415 | 5,316 | 5,226 | 4,553 | 21,644 | 20,510 | 20,738 |
Provision For Income Taxes | 987 | 1,127 | 1,105 | 726 | 5,559 | 1,383 | 1,586 | 1,373 | 3,945 | 9,901 | 6,237 |
Net Income | $ 3,878 | $ 4,974 | $ 4,945 | $ 3,902 | $ (144) | $ 3,933 | $ 3,640 | $ 3,180 | $ 17,699 | $ 10,609 | $ 14,501 |
Basic Earnings Per Common Share (in dollars per share) | $ 0.17 | $ 0.21 | $ 0.22 | $ 0.17 | $ (0.01) | $ 0.17 | $ 0.16 | $ 0.14 | $ 0.77 | $ 0.46 | $ 0.64 |
Diluted Earnings Per Common Share (in dollars per share) | 0.17 | 0.21 | 0.21 | 0.17 | (0.01) | 0.17 | 0.16 | 0.14 | $ 0.77 | $ 0.46 | $ 0.63 |
Dividends declared (in dollars per share) | $ 0.10 | $ 0.10 | $ 0.07 | $ 0.66 | $ 0.06 | $ 0.06 | $ 0.05 | $ 0.75 |
Note 19 - Fair Value Disclosu_3
Note 19 - Fair Value Disclosures - Assets Measured on a Recurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Available for Sale Securities | $ 401,613 | $ 442,816 |
US Treasury and Government [Member] | ||
Available for Sale Securities | 128,235 | 135,880 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for Sale Securities | 190,554 | 244,777 |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for Sale Securities | 69,109 | 36,983 |
Corporate Debt Securities [Member] | ||
Available for Sale Securities | 13,715 | 23,083 |
Other Debt Obligations [Member] | ||
Available for Sale Securities | 2,093 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available for Sale Securities | 2,093 | |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government [Member] | ||
Available for Sale Securities | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for Sale Securities | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available for Sale Securities | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available for Sale Securities | ||
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member] | ||
Available for Sale Securities | 2,093 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available for Sale Securities | 401,613 | 440,723 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government [Member] | ||
Available for Sale Securities | 128,235 | 135,880 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for Sale Securities | 190,554 | 244,777 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available for Sale Securities | 69,109 | 36,983 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available for Sale Securities | 13,715 | 23,083 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member] | ||
Available for Sale Securities | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Available for Sale Securities | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | US Treasury and Government [Member] | ||
Available for Sale Securities | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for Sale Securities | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available for Sale Securities | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | ||
Available for Sale Securities | ||
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Other Debt Obligations [Member] | ||
Available for Sale Securities |
Note 19 - Fair Value Disclosu_4
Note 19 - Fair Value Disclosures - Assets Measured on a Nonrecurring Basis (Details) - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Impaired loans | $ 9,760 | $ 12,344 | $ 17,711 |
Other Real Estate Owned | 692 | 1,412 | |
Fair Value, Measurements, Nonrecurring [Member] | |||
Impaired loans | 9,760 | 12,344 | |
Other Real Estate Owned | 692 | 1,412 | |
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 | |||
Other Real Estate Owned | |||
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Impaired loans | 9,231 | 11,234 | |
Other Real Estate Owned | $ 692 | $ 1,412 |
Note 20 - Subsequent Events (De
Note 20 - Subsequent Events (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | ||
Mar. 17, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Debt Securities, Available-for-sale, Total | $ 401,613 | $ 442,816 | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | 12,442 | $ 8,874 | |
Securities Sold Related to Merger [Member] | |||
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss, Total | $ 11,900 | ||
Subsequent Event [Member] | Securities Sold Related to Merger [Member] | |||
Debt Securities, Available-for-sale, Total | $ 389,000 | ||
Debt Securities, Available-for-sale, Realized Gain (Loss), Total | (11,600) | ||
Subsequent Event [Member] | Time Deposit Account [Member] | |||
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Collateral Pledged | $ 10,000 |