Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | May 09, 2019 | |
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 Emerging Growth Company | false | |
Entity Small Business | true | |
Entity Common Stock, Shares Outstanding (in shares) | 23,036,758 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Cash and due from banks | ||
Non-interest bearing | $ 18,426 | $ 17,058 |
Interest bearing | 414,381 | 34,784 |
Total cash and cash equivalents | 432,807 | 51,842 |
Interest Bearing Time Deposits in Other Banks | 600 | 10,796 |
Securities - Available for Sale | 30,133 | 401,613 |
Equity Securities | 7,450 | 7,415 |
Loans held for sale | 488 | |
Loans | 766,877 | 768,660 |
Allowance for Loan Losses | (7,503) | (7,771) |
Loans - Net | 759,374 | 760,889 |
Accrued interest receivable and other assets | 16,662 | 16,743 |
Other real estate owned | 58 | 692 |
Bank Owned Life Insurance | 59,901 | 59,563 |
Premises and Equipment - Net | 26,480 | 26,850 |
Total assets | 1,333,465 | 1,336,891 |
Deposits | ||
Non-interest bearing | 290,929 | 297,704 |
Interest-bearing | 892,220 | 885,206 |
Total deposits | 1,183,149 | 1,182,910 |
Federal Home Loan Bank advances | 10,000 | 10,000 |
Interest payable and other liabilities | 10,028 | 16,314 |
Total liabilities | 1,203,177 | 1,209,224 |
STOCKHOLDERS' EQUITY | ||
Common stock (no par value; 50,000,000 shares authorized, 23,036,758 and 23,033,715 shares issued and outstanding) | 23,565 | 23,453 |
Retained earnings | 106,477 | 113,921 |
Accumulated other comprehensive loss | 246 | (9,707) |
Total stockholders' equity | 130,288 | 127,667 |
Total liabilities and stockholders' equity | $ 1,333,465 | $ 1,336,891 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
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) | 23,036,758 | 23,033,715 |
Common stock, shares outstanding (in shares) | 23,036,758 | 23,033,715 |
Consolidated Statements of Inco
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Interest Income | ||
Interest and fees on loans | $ 9,571 | $ 8,217 |
Interest on investment securities- | ||
Tax-exempt | 296 | 404 |
Taxable | 1,174 | 2,210 |
Interest on balances due from banks | 1,209 | 125 |
Total interest income | 12,250 | 10,956 |
Interest Expense | ||
Interest on deposits | 568 | 414 |
Interest on borrowed funds | 64 | 6 |
Total interest expense | 632 | 420 |
Net Interest Income | 11,618 | 10,536 |
Recovery Of Loan Losses | (100) | |
Net Interest Income After Net Interest Income After Recovery Of Loan Losses | 11,618 | 10,636 |
Other Income | ||
Net gain (loss) on sales and redemptions of securities available for sale | (11,646) | (101) |
Net gain (loss) on sales of Other Real Estate Owned | 9 | 19 |
Bank owned life insurance income | 338 | 353 |
Other | 659 | 600 |
Total other income | (7,887) | 3,784 |
Other Expenses | ||
Salaries and employee benefits | 6,064 | 5,962 |
Occupancy expense | 729 | 721 |
Equipment expense | 913 | 793 |
Marketing expense | 292 | 377 |
Professional fees | 843 | 594 |
EFT/ATM expense | 291 | 259 |
Other Real Estate Owned expenses | 22 | 15 |
FDIC Deposit Insurance Assessment | 89 | 107 |
Bonding and other insurance expense | 429 | 132 |
Telephone expense | 80 | 75 |
Other | 558 | 757 |
Total other expenses | 10,310 | 9,792 |
Income (Loss) Before Income Taxes | (6,579) | 4,628 |
Income Tax Expense (Benefit) | (1,438) | 726 |
Net Income | (5,141) | 3,902 |
Other Comprehensive Income - Net of Tax | ||
Unrealized gains (losses) on securities | 387 | (4,204) |
Reclassification adjustment for (gains) losses included in net income | 9,200 | 80 |
Postretirement benefit liability | 366 | 32 |
Effect of accounting change on equity securities | (49) | |
Total Other Comprehensive Income (Loss) - Net of Tax | 9,953 | (4,141) |
Comprehensive Income (Loss) | $ 4,812 | $ (239) |
Basic Earnings (Loss) Per Common Share (in dollars per share) | $ (0.22) | $ 0.17 |
Diluted Earnings (Loss) Per Common Share (in dollars per share) | (0.22) | 0.17 |
Dividends Declared Per Share of Common Stock (in dollars per share) | $ 0.10 | $ 0.66 |
Fiduciary and Trust [Member] | ||
Other Income | ||
Noninterest income | $ 1,161 | $ 1,185 |
Noninterest income | 1,161 | 1,185 |
Deposit Account [Member] | ||
Other Income | ||
Noninterest income | 822 | 946 |
Noninterest income | 822 | 946 |
Debit Card [Member] | ||
Other Income | ||
Noninterest income | 701 | 720 |
Noninterest income | 701 | 720 |
Mortgage Banking [Member] | ||
Other Income | ||
Noninterest income | 69 | 62 |
Noninterest income | $ 69 | $ 62 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Retained Earnings [Member] | Deferred Compensation, Share-based Payments [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 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) | 39,825 | ||||
SOSARs exercised, net of shares redeemed for taxes | $ (178) | (178) | |||
Employee Stock Purchase Plan and other stock issued (in shares) | 18,092 | ||||
Employee Stock Purchase Plan and other stock issued | $ 189 | 189 | |||
Equity Compensation | 216 | 19 | 235 | ||
Deferred Directors' Compensation | (67) | (67) | |||
Dividends declared | (15,145) | (15,145) | |||
Net Income (Loss) | 3,902 | 3,902 | |||
Other comprehensive income - net of tax | (4,092) | (4,092) | |||
Balance (in shares) at Mar. 31, 2018 | 22,973,261 | ||||
Balance at Mar. 31, 2018 | $ 23,078 | 106,330 | (59) | (11,847) | 117,502 |
Restricted stock awards, net of shares redeemed for taxes (in shares) | 7,500 | ||||
Restricted stock awards, net of shares redeemed for taxes | $ 78 | (78) | |||
Tax benefit from exercise of options | |||||
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 | |
SOSARs exercised, net of shares redeemed for taxes (in shares) | 186 | ||||
SOSARs exercised, net of shares redeemed for taxes | $ (1) | (1) | |||
Employee Stock Purchase Plan and other stock issued (in shares) | 2,857 | ||||
Employee Stock Purchase Plan and other stock issued | $ 30 | 30 | |||
Equity Compensation | 93 | 93 | |||
Deferred Directors' Compensation | (10) | (10) | |||
Dividends declared | (2,303) | (2,303) | |||
Net Income (Loss) | (5,141) | (5,141) | |||
Other comprehensive income - net of tax | 9,953 | 9,953 | |||
Balance (in shares) at Mar. 31, 2019 | 23,036,758 | ||||
Balance at Mar. 31, 2019 | $ 23,565 | $ 106,477 | $ 246 | $ 130,288 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Retained Earnings [Member] | ||
Dividends declared (in dollars per share) | $ 0.10 | $ 0.66 |
Dividends declared (in dollars per share) | $ 0.10 | $ 0.66 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Cash Flows from Operating Activities | ||
Net Income (Loss) | $ (5,141) | $ 3,902 |
Adjustments to reconcile net income to net cash from operating activities | ||
Recovery Of Loan Losses | (100) | |
Depreciation | 346 | 370 |
Net amortization of investment premium and discount | 259 | 576 |
Adjustment for assets carried at fair market value | (35) | 36 |
Net decrease in interest payable and other liabilities | (5,835) | (1,434) |
Net decrease (increase) in interest receivable and other assets | (2,550) | 2,555 |
Equity based compensation expense | 93 | 235 |
Net loss on sale/settlement of securities | 11,646 | 101 |
Increase in cash surrender value of life insurance | (338) | (352) |
Net cash provided by (used for) operating activities | (1,555) | 5,889 |
Cash Flows from Investing Activities | ||
Proceeds from maturities of interest bearing time deposits in other banks | 750 | 1,000 |
Proceeds from maturities and redemptions of investment securities held to maturity | 241 | |
Proceeds from maturities and redemptions of investment securities available for sale | 5,278 | 12,666 |
Proceeds from sales of investment securities available for sale | 367,161 | 19,181 |
Proceeds from sales of interest bearing time deposits in other banks | 9,446 | |
Net (increase) decrease in loans | 2,003 | (27,140) |
Proceeds from sales of other real estate owned | 643 | 347 |
Proceeds from sales of other assets | 40 | |
Purchase of investment securities available for sale | (728) | (30,799) |
Purchase of bank premises and equipment | (32) | |
Net cash used for (provided by) investing activities | 384,553 | (24,496) |
Cash Flows from Financing Activities | ||
Net increase (decrease) in deposits | 239 | (4,801) |
Issuance of common stock | 30 | 189 |
Stock redeemed for tax withholding - stock based compensation | 1 | (178) |
Dividends paid | (2,303) | (15,145) |
Net cash used for financing activities | (2,033) | (19,935) |
Net Decrease in Cash and Cash Equivalents | 380,965 | (38,542) |
Cash and Cash Equivalents at Beginning of Period | 51,842 | 53,010 |
Cash and Cash Equivalents at End of Period | 432,807 | 14,468 |
Supplemental Cash Flow Information | ||
Cash paid for interest | 619 | 420 |
Cash paid for federal income taxes | ||
Supplemental Schedule of Non Cash Investing Activities | ||
Transfer of loans to other real estate owned | 144 | |
Transfer of loans to other assets |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and Accounting Policies | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Basis of Presentation and Significant Accounting Policies [Text Block] | 1. The unaudited consolidated financial statements include the accounts of MBT Financial Corp. (the “Company”) and its subsidiary, Monroe Bank & Trust (the “Bank”). The Bank includes the accounts of its wholly owned subsidiary, MB&T Financial Services, Inc. The Bank operates fourteen six one On October 9, 2018, 0.275 February 14, 2019 second 2019. The accounting and reporting policies of the Bank conform to practice within the banking industry and are in accordance with accounting principles generally accepted in the United States. Preparation of financial statements in conformity with generally accepted accounting principles requires Management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near term are the determination of the allowance for loan losses and the fair value of investment securities. The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10 not The significant accounting policies are as follows: PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Company and its subsidiary. All material intercompany transactions and balances have been eliminated. COMPREHENSIVE INCOME Accounting principles generally require that revenue, expenses, gains, and losses be included in net income. Certain changes in assets and liabilities, however, such as unrealized gains and losses on securities available for sale and amounts recognized related to postretirement benefit plans (gains and losses, prior service costs, and transition assets or obligations), are reported as a direct adjustment to the equity section of the balance sheet. Such items, along with net income, are components of comprehensive income. BUSINESS SEGMENTS While the Company's chief decision makers monitor the revenue streams of various products and services, operations are managed and financial performance is evaluated on a company wide basis. Accordingly, all of the Company’s operations are considered by management to be aggregated in one FAIR VALUE The Company measures or monitors many of its assets and liabilities on a fair value basis. Fair value is used on a recurring basis for assets and liabilities that are elected to be accounted for under The Fair Value Option as well as for certain assets and liabilities in which fair value is the primary basis of accounting. Examples of these include derivative instruments and available for sale securities. Additionally, fair value is used on a non-recurring basis to evaluate assets or liabilities for impairment or for disclosure purposes. Examples of these non-recurring uses of fair value include certain loans held for sale accounted for on a lower of cost or market basis. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not not ACCOUNTING PRONOUNCEMENTS In June 2016, No. 2016 13, December 31, 2020. first December 15, 2018, In March 2017, No. 2017 08, 310 20 not December 15, 2018, not |
Note 2 - Earnings Per Share
Note 2 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 2. The calculations of earnings per common share are as follows: For the three months ended March 31, 2019 2018 Basic Net income (loss) $ (5,141,000 ) $ 3,902,000 Average common shares outstanding 23,035,369 22,943,736 Earnings (Loss) per common share - basic $ (0.22 ) $ 0.17 Diluted Net income (loss) $ (5,141,000 ) $ 3,902,000 Average common shares outstanding 23,035,369 22,943,736 Equity compensation - 119,464 Average common shares outstanding - diluted 23,035,369 23,063,200 Earnings per common share - diluted $ (0.22 ) $ 0.17 |
Note 3 - Stock-based Compensati
Note 3 - Stock-based Compensation Plan | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 3. Stock Only Stock Appreciation Rights (SOSARs) The following table summarizes the SOSARs that have been granted: Weighted Average SOSARs Base Price SOSARs Outstanding, January 1, 2019 347,379 $ 8.78 Granted - - Exercised (2,166 ) 9.44 Forfeited - - Expired - - SOSARs Outstanding, March 31, 2019 345,213 $ 8.78 SOSARs Exercisable, March 31, 2019 152,879 $ 6.41 The exercise of a SOSAR results in the issuance of a number of shares of common stock of the Company based on the appreciation of the market price of the stock over the base price of the SOSAR. The market value of the Company’s common stock on March 31, 2019 $10.02. March 31, 2019 $552,000, 55,079 may The total expense for equity based compensation was $93,000 first 2019 $236,000 first 2018. $413,000 March 31, 2019. 1.42 |
Note 4 - Loans
Note 4 - Loans | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block] | 4. The Bank makes commercial, consumer, and mortgage loans primarily to customers in Monroe County, Michigan, southern and western Wayne County, Michigan, and surrounding areas. Although the Bank has a diversified loan portfolio, a substantial portion of its debtors’ ability to honor their contracts is dependent on the automotive, manufacturing, and real estate development economic sectors. Loans consist of the following ( 000s March 31, December 31, 2019 2018 Residential real estate loans $ 231,074 $ 230,008 Commercial and Construction real estate loans 306,593 306,694 Agriculture and agricultural real estate loans 22,087 22,486 Commercial and industrial loans 162,446 162,026 Loans to individuals for household, family, and other personal expenditures 44,677 47,446 Total loans, gross $ 766,877 $ 768,660 Less: Allowance for loan losses 7,503 7,771 Net Loans $ 759,374 $ 760,889 Loans are placed in a nonaccrual status when, in the opinion of Management, the collection of additional interest is doubtful. All loan relationships over $250,000 90 The following table summarizes nonperforming assets ( 000s March 31, December 31, 2019 2018 Nonaccrual loans $ 7,134 $ 5,566 Loans 90 days past due and accruing 61 - Restructured loans 3,418 4,495 Total nonperforming loans $ 10,613 $ 10,061 Other real estate owned 58 692 Other assets - - Total nonperforming assets $ 10,671 $ 10,753 Nonperforming assets to total assets 0.80 % 0.80 % Allowance for loan losses to nonperforming loans 70.70 % 77.24 % |
Note 5 - Allowance For Loan Los
Note 5 - Allowance For Loan Losses | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Financing Receivables [Text Block] | 5. The Company separates its loan portfolio into segments to perform the calculation and analysis of the allowance for loan losses. The six not not not Activity in the allowance for loan losses during the three March 31, 2019 000s Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: For the three months ended March 31, 2019 Beginning Balance $ 205 $ 1,266 $ 3,012 $ 184 $ 1,218 $ 1,886 $ 7,771 Charge-offs - (252 ) (151 ) - - (8 ) (411 ) Recoveries - 27 24 12 75 5 143 Provision 35 720 153 (158 ) (82 ) (668 ) - Ending balance $ 240 $ 1,761 $ 3,038 $ 38 $ 1,211 $ 1,215 $ 7,503 Allowance for loan losses as of March 31, 2019 Ending balance individually evaluated for impairment $ - $ 138 $ 118 $ - $ 83 $ 127 $ 466 Ending balance collectively evaluated for impairment 240 1,623 2,920 38 1,128 1,088 7,037 Ending balance $ 240 $ 1,761 $ 3,038 $ 38 $ 1,211 $ 1,215 $ 7,503 Loans as of March 31, 2019 Ending balance individually evaluated for impairment $ 2,556 $ 287 $ 3,503 $ 32 $ 3,051 $ 401 $ 9,830 Ending balance collectively evaluated for impairment 19,531 162,159 275,149 27,909 228,023 44,276 757,047 Ending balance $ 22,087 $ 162,446 $ 278,652 $ 27,941 $ 231,074 $ 44,677 $ 766,877 Activity in the allowance for loan losses during the three March 31, 2018 000s Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: For the three months ended March 31, 2018 Beginning Balance $ 195 $ 1,443 $ 3,297 $ 491 $ 1,279 $ 961 $ 7,666 Charge-offs - - (3 ) - (7 ) (2 ) (12 ) Recoveries 2 15 240 20 42 12 331 Provision 13 (61 ) (446 ) (50 ) (225 ) 669 (100 ) Ending balance $ 210 $ 1,397 $ 3,088 $ 461 $ 1,089 $ 1,640 $ 7,885 Allowance for loan losses as of March 31, 2018 Ending balance individually evaluated for impairment $ 1 $ 146 $ 315 $ 354 $ 131 $ 199 $ 1,146 Ending balance collectively evaluated for impairment 209 1,251 2,773 107 958 1,441 6,739 Ending balance $ 210 $ 1,397 $ 3,088 $ 461 $ 1,089 $ 1,640 $ 7,885 Loans as of March 31, 2018 Ending balance individually evaluated for impairment $ 1,139 $ 260 $ 3,720 $ 1,574 $ 4,566 $ 424 $ 11,683 Ending balance collectively evaluated for impairment 21,180 131,642 266,608 18,354 218,752 54,421 710,957 Ending balance $ 22,319 $ 131,902 $ 270,328 $ 19,928 $ 223,318 $ 54,845 $ 722,640 Each period the provision for loan losses in the income statement results from the combination of an estimate by Management of loan losses that occurred during the current period and the ongoing adjustment of prior estimates of losses occurring in prior periods. The provision for loan losses increases the allowance for loan losses, a valuation account which appears on the consolidated balance sheets. As the specific customer and amount of a loan loss is confirmed by gathering additional information, taking collateral in full or partial settlement of the loan, bankruptcy of the borrower, etc., the loan is charged off, reducing the allowance for loan losses. If, subsequent to a charge off, the Bank is able to collect additional amounts from the customer or sell collateral worth more than earlier estimated, a recovery is recorded. To serve as a basis for making this provision, the Bank maintains an extensive credit risk monitoring process that considers several factors including: current economic conditions affecting the Bank’s customers, the payment performance of individual loans and pools of homogeneous loans, portfolio seasoning, changes in collateral values, and detailed reviews of specific loan relationships. The Company utilizes an internal loan grading system to assign a risk grade to all commercial loans, all renegotiated loans, and each commercial credit relationship. Grades 10 45 50 55 60 50 60 70 90 • Grade 10– • Grade 20– may • Grade 30– may not • Grades 40 45 not • Grades 50 55 may • Grade 60– one 1 2 3 4 not 5 6 7 8 9 10 • Grade 70– one 1 not 2 3 may • Grades 80 90 not The assessment of compensating factors may one not The portfolio segments in each credit risk grade as of March 31, 2019 000s Credit Quality Indicators as of March 31, 2019 Credit Risk by Internally Assigned Grade Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Not Rated $ - $ 1,731 $ 44 $ 11,948 $ 147,437 $ 39,747 $ 200,907 10 - 3,998 - - - - 3,998 20 64 116 185 - - - 365 30 267 46,455 24,609 - 1,363 3,424 76,118 40 13,977 103,187 219,492 13,051 73,934 1,495 425,136 45 1,589 1,909 19,787 1,360 2,719 - 27,364 50 3,755 4,582 6,866 245 2,590 - 18,038 55 72 255 2,363 - 693 - 3,383 60 2,363 213 5,306 1,337 2,338 11 11,568 70 - - - - - - - 80 - - - - - - - 90 - - - - - - - Total $ 22,087 $ 162,446 $ 278,652 $ 27,941 $ 231,074 $ 44,677 $ 766,877 Performing $ 19,490 $ 162,181 $ 275,374 $ 27,909 $ 227,091 $ 44,219 $ 756,264 Nonperforming 2,597 265 3,278 32 3,983 458 10,613 Total $ 22,087 $ 162,446 $ 278,652 $ 27,941 $ 231,074 $ 44,677 $ 766,877 The portfolio segments in each credit risk grade as of December 31, 2018 000s Credit Quality Indicators as of December 31, 2018 Credit Risk by Internally Assigned Grade Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Not Rated $ - $ 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 Loans are considered past due when contractually required payment of interest or principal has not not March 31, 2019 December 31, 2018 ( 000s March 31, 2019 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 $ 264 $ 16 $ 1,719 $ 1,999 $ 20,088 $ 22,087 $ - Commercial 149 21 46 $ 216 162,230 162,446 15 Commercial Real Estate 914 936 636 2,486 276,166 278,652 - Construction Real Estate - - 32 32 27,909 27,941 - Residential Real Estate 1,810 81 387 2,278 228,796 231,074 - Consumer and Other 153 50 47 250 44,427 44,677 46 Total $ 3,290 $ 1,104 $ 2,867 $ 7,261 $ 759,616 $ 766,877 $ 61 December 31, 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 $ - 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 March 31, 2019 December 31, 2018 ( 000s March 31, 2019 December 31, 2018 Agriculture and Agricultural Real Estate $ 2,363 $ 1,624 Commercial 85 106 Commercial Real Estate 3,277 2,907 Construction Real Estate 32 5 Residential Real Estate 1,366 912 Consumer and Other 11 12 Total $ 7,134 $ 5,566 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 March 31, 2019 March 31, December 31, 2018 ( 000s March 31, 2019 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment for the Three Months Ended Interest Income Recognized in the Three Months Ended With no related allowance recorded: Agriculture and Agricultural Real Estate $ 2,556 $ 2,555 $ - $ 2,595 $ (14 ) Commercial 67 67 - 91 1 Commercial Real Estate 1,899 2,116 - 2,076 61 Construction Real Estate 32 67 - 52 - Residential Real Estate 2,660 2,822 - 2,842 39 Consumer and Other 134 135 - 137 2 With an allowance recorded: Agriculture and Agricultural Real Estate - - - - - Commercial 220 229 138 231 2 Commercial Real Estate 1,604 1,697 118 1,698 5 Construction Real Estate - - - - - Residential Real Estate 391 403 83 405 5 Consumer and Other 267 267 127 270 3 Total: Agriculture and Agricultural Real Estate $ 2,556 $ 2,555 $ - $ 2,595 $ (14 ) Commercial 287 296 138 322 3 Commercial Real Estate 3,503 3,813 118 3,774 66 Construction Real Estate 32 67 - 52 - Residential Real Estate 3,051 3,225 83 3,247 44 Consumer and Other 401 402 127 407 5 Total $ 9,830 $ 10,358 $ 466 $ 10,397 $ 104 Recorded Investment as of December 31, 2018 Unpaid Principal Balance as of December 31, 2018 Related Allowance as of December 31, 2018 Average Recorded Investment for the Three Months Ended March 31, 2018 Interest Income Recognized in the Three Months Ended March 31, 2018 With no related allowance recorded: Agriculture and Agricultural Real Estate $ 2,388 $ 2,384 $ - $ 820 $ 11 Commercial - - - - - Commercial Real Estate 1,863 1,871 - 1,706 21 Construction Real Estate - - - - - Residential Real Estate 3,015 3,174 - 4,129 52 Consumer and Other 58 59 - 84 1 With an allowance recorded: Agriculture and Agricultural Real Estate 234 234 - 240 3 Commercial 226 234 142 266 3 Commercial Real Estate 1,299 1,380 146 2,064 32 Construction Real Estate 32 67 4 1,597 19 Residential Real Estate 306 316 94 660 7 Consumer and Other 339 339 143 345 4 Total: Agriculture and Agricultural Real Estate $ 2,622 $ 2,618 $ - $ 1,060 $ 14 Commercial 226 234 142 266 3 Commercial Real Estate 3,162 3,251 146 3,770 53 Construction Real Estate 32 67 4 1,597 19 Residential Real Estate 3,321 3,490 94 4,789 59 Consumer and Other 397 398 143 429 5 Total $ 9,760 $ 10,058 $ 529 $ 11,911 $ 153 The Bank may may Loans that have been classified as TDRs during the three March 31, 2019 March 31, 2018 000s Three months ended Three months ended March 31, 2019 March 31, 2018 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Agriculture and Agricultural Real Estate 2 $ 77 $ 16 - $ - $ - Commercial - - - - - - Commercial Real Estate 1 39 36 1 283 283 Construction Real Estate - - - - - - Residential Real Estate - - - 1 150 150 Consumer and Other 1 15 14 - - - Total 4 $ 131 $ 66 2 $ 433 $ 433 The Bank considers TDRs that become past due under the modified terms as defaulted. The following table shows the loans that became TDRs during the three March 31, 2019 March 31, 2018 three March 31, 2019 March 31, 2018, Three months ended Three months ended March 31, 2019 March 31, 2018 Number of Contracts Post- Modification Recorded Principal Balance Number of Contracts Post- Modification Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - - $ - Commercial - - - - Commercial Real Estate - - 1 283 Construction Real Estate - - - - Residential Real Estate - - - - Consumer and Other - - - - Total - $ - 1 $ 283 The Company has allocated $417,000 March 31, 2019. no March 31, 2019 March 31, 2018. |
Note 6 - Investment Securities
Note 6 - Investment Securities | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 6. The following is a summary of the Bank’s investment securities portfolio as of March 31, 2019 December 31, 2018 ( 000s Available for Sale March 31, 2019 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value Obligations of States and Political Subdivisions 29,127 626 (116 ) 29,637 Corporate Debt Securities 500 - (4 ) 496 $ 29,627 $ 626 $ (120 ) $ 30,133 Available for Sale December 31, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Market 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 The amortized cost and estimated market values of securities by contractual maturity as of March 31, 2019 may Available for Sale Estimated Amortized Market Cost Value Contractual maturity in 1 year or less $ 8,462 $ 8,503 After 1 year through five years 15,112 15,310 After 5 years through 10 years 5,387 5,661 After 10 years 666 659 Total $ 29,627 $ 30,133 The investment securities portfolio is evaluated for impairment throughout the year. Impairment is recorded against individual securities, unless the decrease in fair value is attributable to interest rates or the lack of an active market, and Management determines that the Company does not not not may March 31, 2019 December 31, 2018. March 31, 2019 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 States and Political Subdivisions 7,915 116 - - 7,915 116 Corporate Debt Securities 496 4 - - 496 4 $ 8,411 $ 120 $ - $ - $ 8,411 $ 120 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 The amount of investment securities issued by government agencies, states, and political subdivisions with unrealized losses and the amount of unrealized losses on those investment securities are primarily the result of market interest rates and not not not not may not March 31, 2019. March 31, 2019 December 31, 2018, 37 165 |
Note 7 - Fair Value of Financia
Note 7 - Fair Value of Financial Instruments | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Fair Value Measurement and Measurement Inputs, Recurring and Nonrecurring [Text Block] | 7. Fair value, as defined in ASC Topic 820, not not The Company utilizes fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Fair value is used on a recurring basis for Available for Sale Securities. Additionally, fair value is used on a non-recurring basis to evaluate assets or liabilities for impairment or for disclosure purposes. Examples of these non-recurring uses of fair value include certain loans held for sale accounted for on a lower of cost or market basis. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value. The Company applied the following fair value hierarchy: Level 1 1 Level 2 2 Level 3 3 The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis at March 31, 2019 December 31, 2018, Total Carrying Estimated March 31, 2019 Value Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and due from banks $ 432,807 $ 432,807 $ - $ - $ 432,807 Time Deposits in Other Banks 600 - - 600 600 Securities - Available for Sale Obligations of States and Political Subdivisions 29,637 - 29,637 - 29,637 Corporate Debt Securities 496 - 496 - 496 Equity Securities 7,450 2,077 5,373 - 7,450 Loans, net 759,374 - - 747,951 747,951 Accrued Interest Receivable 3,135 - - 3,135 3,135 Financial Liabilities: Noninterest Bearing Deposits 290,929 290,929 - - 290,929 Interest Bearing Deposits 892,220 - 892,881 - 892,881 Borrowed funds FHLB Advances 10,000 - 10,212 - 10,212 Accrued Interest Payable 77 - - 77 77 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 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 Bearing Deposits 885,206 - 885,886 - 885,886 Federal Home Loan Bank Advances 10,000 - - 10,042 10,042 Accrued Interest Payable 65 - - 65 65 In instances where inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The Company’s assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset. The Company’s assets with Level 3 March 31, 2019 December 31, 2018. not 3 Both observable and unobservable inputs may 3 may The Company also has assets that under certain conditions are subject to measurement at fair value on a nonrecurring basis. These assets include loans and Other Real Estate Owned. The Company estimated the fair values of these assets using Level 3 Assets measured at fair value on a nonrecurring basis are as follows ( 000s Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2019 Impaired loans $ - $ - $ 9,364 Other Real Estate Owned $ - $ - $ 58 December 31, 2018 Impaired loans $ - $ - $ 9,231 Other Real Estate Owned $ - $ - $ 692 Impaired loans categorized as Level 3 |
Note 8 - Financial Instruments
Note 8 - Financial Instruments With Off-balance Sheet Risk | 3 Months Ended |
Mar. 31, 2019 | |
Notes to Financial Statements | |
Fair Value of Off-Balance Sheet Risks Disclosure [Text Block] | 8. The Bank is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of condition. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for its other lending activities. Financial instruments whose contractual amounts represent off-balance sheet credit risk were as follows ( 000s Contractual Amount March 31, December 31, 2019 2018 Commitments to extend credit: Unused portion of commercial lines of credit $ 119,668 $ 116,119 Unused portion of credit card lines of credit 7,018 6,680 Unused portion of home equity lines of credit 36,823 34,621 Standby letters of credit and financial guarantees written 1,223 1,763 All other off-balance sheet commitments - - Commitments to extend credit are agreements to lend to a customer as long as there is no may not ten Standby letters of credit written are conditional commitments issued by the Bank to guarantee the performance of a customer to a third |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | PRINCIPLES OF CONSOLIDATION The consolidated financial statements include the accounts of the Company and its subsidiary. All material intercompany transactions and balances have been eliminated. |
Comprehensive Income, Policy [Policy Text Block] | COMPREHENSIVE INCOME Accounting principles generally require that revenue, expenses, gains, and losses be included in net income. Certain changes in assets and liabilities, however, such as unrealized gains and losses on securities available for sale and amounts recognized related to postretirement benefit plans (gains and losses, prior service costs, and transition assets or obligations), are reported as a direct adjustment to the equity section of the balance sheet. Such items, along with net income, are components of comprehensive income. |
Segment Reporting, Policy [Policy Text Block] | BUSINESS SEGMENTS While the Company's chief decision makers monitor the revenue streams of various products and services, operations are managed and financial performance is evaluated on a company wide basis. Accordingly, all of the Company’s operations are considered by management to be aggregated in one |
Fair Value Measurement, Policy [Policy Text Block] | FAIR VALUE The Company measures or monitors many of its assets and liabilities on a fair value basis. Fair value is used on a recurring basis for assets and liabilities that are elected to be accounted for under The Fair Value Option as well as for certain assets and liabilities in which fair value is the primary basis of accounting. Examples of these include derivative instruments and available for sale securities. Additionally, fair value is used on a non-recurring basis to evaluate assets or liabilities for impairment or for disclosure purposes. Examples of these non-recurring uses of fair value include certain loans held for sale accounted for on a lower of cost or market basis. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Depending on the nature of the asset or liability, the Company uses various valuation techniques and assumptions when estimating fair value. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at and/or marked to fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability. When possible, the Company looks to active and observable markets to price identical assets or liabilities. When identical assets and liabilities are not not |
New Accounting Pronouncements, Policy [Policy Text Block] | ACCOUNTING PRONOUNCEMENTS In June 2016, No. 2016 13, December 31, 2020. first December 15, 2018, In March 2017, No. 2017 08, 310 20 not December 15, 2018, not |
Note 2 - Earnings Per Share (Ta
Note 2 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the three months ended March 31, 2019 2018 Basic Net income (loss) $ (5,141,000 ) $ 3,902,000 Average common shares outstanding 23,035,369 22,943,736 Earnings (Loss) per common share - basic $ (0.22 ) $ 0.17 Diluted Net income (loss) $ (5,141,000 ) $ 3,902,000 Average common shares outstanding 23,035,369 22,943,736 Equity compensation - 119,464 Average common shares outstanding - diluted 23,035,369 23,063,200 Earnings per common share - diluted $ (0.22 ) $ 0.17 |
Note 3 - Stock-based Compensa_2
Note 3 - Stock-based Compensation Plan (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Share-based Payment Arrangement, Option and Stock Appreciation Rights, Activity [Table Text Block] | Weighted Average SOSARs Base Price SOSARs Outstanding, January 1, 2019 347,379 $ 8.78 Granted - - Exercised (2,166 ) 9.44 Forfeited - - Expired - - SOSARs Outstanding, March 31, 2019 345,213 $ 8.78 SOSARs Exercisable, March 31, 2019 152,879 $ 6.41 |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, December 31, 2019 2018 Residential real estate loans $ 231,074 $ 230,008 Commercial and Construction real estate loans 306,593 306,694 Agriculture and agricultural real estate loans 22,087 22,486 Commercial and industrial loans 162,446 162,026 Loans to individuals for household, family, and other personal expenditures 44,677 47,446 Total loans, gross $ 766,877 $ 768,660 Less: Allowance for loan losses 7,503 7,771 Net Loans $ 759,374 $ 760,889 |
Schedule of Non-performing Assets [Table Text Block] | March 31, December 31, 2019 2018 Nonaccrual loans $ 7,134 $ 5,566 Loans 90 days past due and accruing 61 - Restructured loans 3,418 4,495 Total nonperforming loans $ 10,613 $ 10,061 Other real estate owned 58 692 Other assets - - Total nonperforming assets $ 10,671 $ 10,753 Nonperforming assets to total assets 0.80 % 0.80 % Allowance for loan losses to nonperforming loans 70.70 % 77.24 % |
Note 5 - Allowance For Loan L_2
Note 5 - Allowance For Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: For the three months ended March 31, 2019 Beginning Balance $ 205 $ 1,266 $ 3,012 $ 184 $ 1,218 $ 1,886 $ 7,771 Charge-offs - (252 ) (151 ) - - (8 ) (411 ) Recoveries - 27 24 12 75 5 143 Provision 35 720 153 (158 ) (82 ) (668 ) - Ending balance $ 240 $ 1,761 $ 3,038 $ 38 $ 1,211 $ 1,215 $ 7,503 Allowance for loan losses as of March 31, 2019 Ending balance individually evaluated for impairment $ - $ 138 $ 118 $ - $ 83 $ 127 $ 466 Ending balance collectively evaluated for impairment 240 1,623 2,920 38 1,128 1,088 7,037 Ending balance $ 240 $ 1,761 $ 3,038 $ 38 $ 1,211 $ 1,215 $ 7,503 Loans as of March 31, 2019 Ending balance individually evaluated for impairment $ 2,556 $ 287 $ 3,503 $ 32 $ 3,051 $ 401 $ 9,830 Ending balance collectively evaluated for impairment 19,531 162,159 275,149 27,909 228,023 44,276 757,047 Ending balance $ 22,087 $ 162,446 $ 278,652 $ 27,941 $ 231,074 $ 44,677 $ 766,877 Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: For the three months ended March 31, 2018 Beginning Balance $ 195 $ 1,443 $ 3,297 $ 491 $ 1,279 $ 961 $ 7,666 Charge-offs - - (3 ) - (7 ) (2 ) (12 ) Recoveries 2 15 240 20 42 12 331 Provision 13 (61 ) (446 ) (50 ) (225 ) 669 (100 ) Ending balance $ 210 $ 1,397 $ 3,088 $ 461 $ 1,089 $ 1,640 $ 7,885 Allowance for loan losses as of March 31, 2018 Ending balance individually evaluated for impairment $ 1 $ 146 $ 315 $ 354 $ 131 $ 199 $ 1,146 Ending balance collectively evaluated for impairment 209 1,251 2,773 107 958 1,441 6,739 Ending balance $ 210 $ 1,397 $ 3,088 $ 461 $ 1,089 $ 1,640 $ 7,885 Loans as of March 31, 2018 Ending balance individually evaluated for impairment $ 1,139 $ 260 $ 3,720 $ 1,574 $ 4,566 $ 424 $ 11,683 Ending balance collectively evaluated for impairment 21,180 131,642 266,608 18,354 218,752 54,421 710,957 Ending balance $ 22,319 $ 131,902 $ 270,328 $ 19,928 $ 223,318 $ 54,845 $ 722,640 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Credit Quality Indicators as of March 31, 2019 Credit Risk by Internally Assigned Grade Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Not Rated $ - $ 1,731 $ 44 $ 11,948 $ 147,437 $ 39,747 $ 200,907 10 - 3,998 - - - - 3,998 20 64 116 185 - - - 365 30 267 46,455 24,609 - 1,363 3,424 76,118 40 13,977 103,187 219,492 13,051 73,934 1,495 425,136 45 1,589 1,909 19,787 1,360 2,719 - 27,364 50 3,755 4,582 6,866 245 2,590 - 18,038 55 72 255 2,363 - 693 - 3,383 60 2,363 213 5,306 1,337 2,338 11 11,568 70 - - - - - - - 80 - - - - - - - 90 - - - - - - - Total $ 22,087 $ 162,446 $ 278,652 $ 27,941 $ 231,074 $ 44,677 $ 766,877 Performing $ 19,490 $ 162,181 $ 275,374 $ 27,909 $ 227,091 $ 44,219 $ 756,264 Nonperforming 2,597 265 3,278 32 3,983 458 10,613 Total $ 22,087 $ 162,446 $ 278,652 $ 27,941 $ 231,074 $ 44,677 $ 766,877 Credit Quality Indicators as of December 31, 2018 Credit Risk by Internally Assigned Grade Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Not Rated $ - $ 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 |
Financing Receivable, Past Due [Table Text Block] | March 31, 2019 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 $ 264 $ 16 $ 1,719 $ 1,999 $ 20,088 $ 22,087 $ - Commercial 149 21 46 $ 216 162,230 162,446 15 Commercial Real Estate 914 936 636 2,486 276,166 278,652 - Construction Real Estate - - 32 32 27,909 27,941 - Residential Real Estate 1,810 81 387 2,278 228,796 231,074 - Consumer and Other 153 50 47 250 44,427 44,677 46 Total $ 3,290 $ 1,104 $ 2,867 $ 7,261 $ 759,616 $ 766,877 $ 61 December 31, 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 $ - |
Financing Receivable, Nonaccrual [Table Text Block] | March 31, 2019 December 31, 2018 Agriculture and Agricultural Real Estate $ 2,363 $ 1,624 Commercial 85 106 Commercial Real Estate 3,277 2,907 Construction Real Estate 32 5 Residential Real Estate 1,366 912 Consumer and Other 11 12 Total $ 7,134 $ 5,566 |
Impaired Financing Receivables [Table Text Block] | March 31, 2019 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment for the Three Months Ended Interest Income Recognized in the Three Months Ended With no related allowance recorded: Agriculture and Agricultural Real Estate $ 2,556 $ 2,555 $ - $ 2,595 $ (14 ) Commercial 67 67 - 91 1 Commercial Real Estate 1,899 2,116 - 2,076 61 Construction Real Estate 32 67 - 52 - Residential Real Estate 2,660 2,822 - 2,842 39 Consumer and Other 134 135 - 137 2 With an allowance recorded: Agriculture and Agricultural Real Estate - - - - - Commercial 220 229 138 231 2 Commercial Real Estate 1,604 1,697 118 1,698 5 Construction Real Estate - - - - - Residential Real Estate 391 403 83 405 5 Consumer and Other 267 267 127 270 3 Total: Agriculture and Agricultural Real Estate $ 2,556 $ 2,555 $ - $ 2,595 $ (14 ) Commercial 287 296 138 322 3 Commercial Real Estate 3,503 3,813 118 3,774 66 Construction Real Estate 32 67 - 52 - Residential Real Estate 3,051 3,225 83 3,247 44 Consumer and Other 401 402 127 407 5 Total $ 9,830 $ 10,358 $ 466 $ 10,397 $ 104 Recorded Investment as of December 31, 2018 Unpaid Principal Balance as of December 31, 2018 Related Allowance as of December 31, 2018 Average Recorded Investment for the Three Months Ended March 31, 2018 Interest Income Recognized in the Three Months Ended March 31, 2018 With no related allowance recorded: Agriculture and Agricultural Real Estate $ 2,388 $ 2,384 $ - $ 820 $ 11 Commercial - - - - - Commercial Real Estate 1,863 1,871 - 1,706 21 Construction Real Estate - - - - - Residential Real Estate 3,015 3,174 - 4,129 52 Consumer and Other 58 59 - 84 1 With an allowance recorded: Agriculture and Agricultural Real Estate 234 234 - 240 3 Commercial 226 234 142 266 3 Commercial Real Estate 1,299 1,380 146 2,064 32 Construction Real Estate 32 67 4 1,597 19 Residential Real Estate 306 316 94 660 7 Consumer and Other 339 339 143 345 4 Total: Agriculture and Agricultural Real Estate $ 2,622 $ 2,618 $ - $ 1,060 $ 14 Commercial 226 234 142 266 3 Commercial Real Estate 3,162 3,251 146 3,770 53 Construction Real Estate 32 67 4 1,597 19 Residential Real Estate 3,321 3,490 94 4,789 59 Consumer and Other 397 398 143 429 5 Total $ 9,760 $ 10,058 $ 529 $ 11,911 $ 153 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | Three months ended Three months ended March 31, 2019 March 31, 2018 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Agriculture and Agricultural Real Estate 2 $ 77 $ 16 - $ - $ - Commercial - - - - - - Commercial Real Estate 1 39 36 1 283 283 Construction Real Estate - - - - - - Residential Real Estate - - - 1 150 150 Consumer and Other 1 15 14 - - - Total 4 $ 131 $ 66 2 $ 433 $ 433 |
Troubled Debt Restructurings on Financing Receivables Default [Table Text Block] | Three months ended Three months ended March 31, 2019 March 31, 2018 Number of Contracts Post- Modification Recorded Principal Balance Number of Contracts Post- Modification Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - - $ - Commercial - - - - Commercial Real Estate - - 1 283 Construction Real Estate - - - - Residential Real Estate - - - - Consumer and Other - - - - Total - $ - 1 $ 283 |
Note 6 - Investment Securities
Note 6 - Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | Available for Sale March 31, 2019 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value Obligations of States and Political Subdivisions 29,127 626 (116 ) 29,637 Corporate Debt Securities 500 - (4 ) 496 $ 29,627 $ 626 $ (120 ) $ 30,133 Available for Sale December 31, 2018 Gross Gross Estimated Amortized Unrealized Unrealized Market 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 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Available for Sale Estimated Amortized Market Cost Value Contractual maturity in 1 year or less $ 8,462 $ 8,503 After 1 year through five years 15,112 15,310 After 5 years through 10 years 5,387 5,661 After 10 years 666 659 Total $ 29,627 $ 30,133 |
Schedule of Unrealized Loss on Investments [Table Text Block] | March 31, 2019 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 States and Political Subdivisions 7,915 116 - - 7,915 116 Corporate Debt Securities 496 4 - - 496 4 $ 8,411 $ 120 $ - $ - $ 8,411 $ 120 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 |
Note 7 - Fair Value of Financ_2
Note 7 - Fair Value of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Total Carrying Estimated March 31, 2019 Value Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and due from banks $ 432,807 $ 432,807 $ - $ - $ 432,807 Time Deposits in Other Banks 600 - - 600 600 Securities - Available for Sale Obligations of States and Political Subdivisions 29,637 - 29,637 - 29,637 Corporate Debt Securities 496 - 496 - 496 Equity Securities 7,450 2,077 5,373 - 7,450 Loans, net 759,374 - - 747,951 747,951 Accrued Interest Receivable 3,135 - - 3,135 3,135 Financial Liabilities: Noninterest Bearing Deposits 290,929 290,929 - - 290,929 Interest Bearing Deposits 892,220 - 892,881 - 892,881 Borrowed funds FHLB Advances 10,000 - 10,212 - 10,212 Accrued Interest Payable 77 - - 77 77 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 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 Bearing Deposits 885,206 - 885,886 - 885,886 Federal Home Loan Bank Advances 10,000 - - 10,042 10,042 Accrued Interest Payable 65 - - 65 65 |
Fair Value Measurements, Nonrecurring [Table Text Block] | Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2019 Impaired loans $ - $ - $ 9,364 Other Real Estate Owned $ - $ - $ 58 December 31, 2018 Impaired loans $ - $ - $ 9,231 Other Real Estate Owned $ - $ - $ 692 |
Note 8 - Financial Instrument_2
Note 8 - Financial Instruments With Off-balance Sheet Risk (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | Contractual Amount March 31, December 31, 2019 2018 Commitments to extend credit: Unused portion of commercial lines of credit $ 119,668 $ 116,119 Unused portion of credit card lines of credit 7,018 6,680 Unused portion of home equity lines of credit 36,823 34,621 Standby letters of credit and financial guarantees written 1,223 1,763 All other off-balance sheet commitments - - |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation and Accounting Policies (Details Textual) | Mar. 31, 2019 | Oct. 09, 2018shares |
Number of Reportable Segments | 1 | |
MBT Financial [Member] | ||
Business Combination, Shares Converted, Shares Per Acquired Company's Shares | 0.275 | |
Monroe County, Michigan [Member] | ||
Number of Stores | 14 | |
Wayne County, Michigan [Member] | ||
Number of Stores | 6 | |
Number of Loan and Wealth Management Offices | 1 |
Note 2 - Earnings Per Share - C
Note 2 - Earnings Per Share - Calculations of Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Net Income (Loss) | $ (5,141) | $ 3,902 |
Average common shares outstanding (in shares) | 23,035,369 | 22,943,736 |
Earnings (Loss) per common share - basic (in dollars per share) | $ (0.22) | $ 0.17 |
Net income (loss) | $ (5,141) | $ 3,902 |
Equity compensation (in shares) | 119,464 | |
Average common shares outstanding - diluted (in shares) | 23,035,369 | 23,063,200 |
Earnings per common share - diluted (in dollars per share) | $ (0.22) | $ 0.17 |
Note 3 - Stock-based Compensa_3
Note 3 - Stock-based Compensation Plan (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Share Price | $ 10.02 | |
Share-based Payment Arrangement, Expense | $ 93,000 | $ 236,000 |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 413,000 | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 1 year 153 days | |
Stock Appreciation Rights (SARs) [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 552,000 | |
Shares, Issued, Ending Balance | 55,079 |
Note 3 - Stock-based Compensa_4
Note 3 - Stock-based Compensation Plan - SOSARs Activity (Details) - Stock Appreciation Rights (SARs) [Member] - $ / shares | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
SOSARs Outstanding, Balance (in shares) | 347,379 | |
SOSARs Outstanding, Weighted average base price (in dollars per share) | $ 8.78 | $ 8.78 |
Granted (in shares) | ||
Granted, Weighted average base price (in dollars per share) | ||
Exercised (in shares) | (2,166) | |
Exercised, Weighted average base price (in dollars per share) | $ 9.44 | |
Forfeited (in shares) | ||
Forfeited, Weighted average base price (in dollars per share) | ||
Expired (in shares) | ||
Expired, Weighted average base price (in dollars per share) | ||
SOSARs Outstanding, Balance (in shares) | 345,213 | 347,379 |
SOSARs Exercisable, March 31, 2019 (in shares) | 152,879 | |
SOSARs Exercisable, Weighted average base price (in dollars per share) | $ 6.41 |
Note 4 - Loans - Loans Receivab
Note 4 - Loans - Loans Receivable Outstanding (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Loans | $ 766,877 | $ 768,660 | $ 722,640 |
Less: Allowance for loan losses | 7,503 | 7,771 | |
Net Loans | 759,374 | 760,889 | |
Residential Portfolio Segment [Member] | |||
Loans | 231,074 | 230,008 | 223,318 |
Commercial and Construction Real Estate Portfolio Segment [Member] | |||
Loans | 306,593 | 306,694 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Loans | 22,087 | 22,486 | 22,319 |
Commercial and Industrial Portfolio Segment [Member] | |||
Loans | 162,446 | 162,026 | |
Consumer and Other Portfolio Segment [Member] | |||
Loans | $ 44,677 | $ 47,446 | $ 54,845 |
Note 4 - Loans - Nonperforming
Note 4 - Loans - Nonperforming Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Non-accrual loans | $ 7,134 | $ 5,566 | |
Loans 90 days past due and accruing | 61 | ||
Total nonperforming loans | 766,877 | 768,660 | $ 722,640 |
Other real estate owned | 58 | 692 | |
Total nonperforming assets | 1,333,465 | 1,336,891 | |
Nonperforming Financial Instruments [Member] | |||
Non-accrual loans | 7,134 | 5,566 | |
Loans 90 days past due and accruing | 61 | ||
Restructured loans | 3,418 | 4,495 | |
Total nonperforming loans | 10,613 | 10,061 | |
Other real estate owned | 58 | 692 | |
Other assets | |||
Total nonperforming assets | $ 10,671 | $ 10,753 | |
Nonperforming assets to total assets | 0.80% | 0.80% | |
Allowance for loan losses to nonperforming loans | 70.70% | 77.24% |
Note 5 - Allowance For Loan L_3
Note 5 - Allowance For Loan Losses (Details Textual) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Allowance for Credit Loss, Ending Balance | $ 7,503,000 | $ 7,771,000 | $ 7,885,000 | $ 7,666,000 |
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | 0 | $ 0 | ||
Troubled Debt Restructuring [Member] | ||||
Financing Receivable, Allowance for Credit Loss, Ending Balance | $ 417,000 |
Note 5 - Allowance For Loan L_4
Note 5 - Allowance For Loan Losses - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | ||||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | |
Balance | $ 7,771 | $ 7,666 | |||
Charge-offs | (411) | (12) | |||
Recoveries | 143 | 331 | |||
Provision | (100) | ||||
Balance | 7,503 | 7,885 | |||
Ending balance individually evaluated for impairment | $ 466 | $ 1,146 | |||
Ending balance collectively evaluated for impairment | 7,037 | 6,739 | |||
Balance | 7,771 | 7,666 | 7,503 | $ 7,771 | 7,885 |
Ending balance individually evaluated for impairment | 9,830 | 11,683 | |||
Ending balance collectively evaluated for impairment | 757,047 | 710,957 | |||
Loans | 766,877 | 768,660 | 722,640 | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||||
Balance | 205 | 195 | |||
Charge-offs | |||||
Recoveries | 2 | ||||
Provision | 35 | 13 | |||
Balance | 240 | 210 | |||
Ending balance individually evaluated for impairment | 1 | ||||
Ending balance collectively evaluated for impairment | 240 | 209 | |||
Balance | 205 | 195 | 240 | 205 | 210 |
Ending balance individually evaluated for impairment | 2,556 | 1,139 | |||
Ending balance collectively evaluated for impairment | 19,531 | 21,180 | |||
Loans | 22,087 | 22,486 | 22,319 | ||
Commercial Portfolio Segment [Member] | |||||
Balance | 1,266 | 1,443 | |||
Charge-offs | (252) | ||||
Recoveries | 27 | 15 | |||
Provision | 720 | (61) | |||
Balance | 1,761 | 1,397 | |||
Ending balance individually evaluated for impairment | 138 | 146 | |||
Ending balance collectively evaluated for impairment | 1,623 | 1,251 | |||
Balance | 1,266 | 1,443 | 1,761 | 1,266 | 1,397 |
Ending balance individually evaluated for impairment | 287 | 260 | |||
Ending balance collectively evaluated for impairment | 162,159 | 131,642 | |||
Loans | 162,446 | 162,026 | 131,902 | ||
Commercial Real Estate Portfolio Segment [Member] | |||||
Balance | 3,012 | 3,297 | |||
Charge-offs | (151) | (3) | |||
Recoveries | 24 | 240 | |||
Provision | 153 | (446) | |||
Balance | 3,038 | 3,088 | |||
Ending balance individually evaluated for impairment | 118 | 315 | |||
Ending balance collectively evaluated for impairment | 2,920 | 2,773 | |||
Balance | 3,012 | 3,297 | 3,038 | 3,012 | 3,088 |
Ending balance individually evaluated for impairment | 3,503 | 3,720 | |||
Ending balance collectively evaluated for impairment | 275,149 | 266,608 | |||
Loans | 278,652 | 279,294 | 270,328 | ||
Construction Real Estate Portfolio Segment [Member] | |||||
Balance | 184 | 491 | |||
Charge-offs | |||||
Recoveries | 12 | 20 | |||
Provision | (158) | (50) | |||
Balance | 38 | 461 | |||
Ending balance individually evaluated for impairment | 354 | ||||
Ending balance collectively evaluated for impairment | 38 | 107 | |||
Balance | 184 | 491 | 38 | 184 | 461 |
Ending balance individually evaluated for impairment | 32 | 1,574 | |||
Ending balance collectively evaluated for impairment | 27,909 | 18,354 | |||
Loans | 27,941 | 27,400 | 19,928 | ||
Residential Portfolio Segment [Member] | |||||
Balance | 1,218 | 1,279 | |||
Charge-offs | (7) | ||||
Recoveries | 75 | 42 | |||
Provision | (82) | (225) | |||
Balance | 1,211 | 1,089 | |||
Ending balance individually evaluated for impairment | 83 | 131 | |||
Ending balance collectively evaluated for impairment | 1,128 | 958 | |||
Balance | 1,218 | 1,279 | 1,211 | 1,218 | 1,089 |
Ending balance individually evaluated for impairment | 3,051 | 4,566 | |||
Ending balance collectively evaluated for impairment | 228,023 | 218,752 | |||
Loans | 231,074 | 230,008 | 223,318 | ||
Consumer and Other Portfolio Segment [Member] | |||||
Balance | 1,886 | 961 | |||
Charge-offs | (8) | (2) | |||
Recoveries | 5 | 12 | |||
Provision | (668) | 669 | |||
Balance | 1,215 | 1,640 | |||
Ending balance individually evaluated for impairment | 127 | 199 | |||
Ending balance collectively evaluated for impairment | 1,088 | 1,441 | |||
Balance | $ 1,886 | $ 961 | 1,215 | 1,886 | 1,640 |
Ending balance individually evaluated for impairment | 401 | 424 | |||
Ending balance collectively evaluated for impairment | 44,276 | 54,421 | |||
Loans | $ 44,677 | $ 47,446 | $ 54,845 |
Note 5 - Allowance For Loan L_5
Note 5 - Allowance For Loan Losses - Credit Risk by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Total nonperforming loans | $ 766,877 | $ 768,660 | $ 722,640 |
Performing Financial Instruments [Member] | |||
Total nonperforming loans | 756,264 | 758,599 | |
Nonperforming Financial Instruments [Member] | |||
Total nonperforming loans | 10,613 | 10,061 | |
Not Rated [Member] | |||
Total nonperforming loans | 200,907 | 206,016 | |
Risk Grade Rating 1 [Member] | |||
Total nonperforming loans | 3,998 | 6,877 | |
Risk Rating Grade 2 [Member] | |||
Total nonperforming loans | 365 | 377 | |
Risk Grade Rating 3 [Member] | |||
Total nonperforming loans | 76,118 | 77,467 | |
Risk Grade Rating 4 [Member] | |||
Total nonperforming loans | 425,136 | 420,029 | |
Risk Grade Rating 4.5 [Member] | |||
Total nonperforming loans | 27,364 | 26,962 | |
Risk Grade Rating 5 [Member] | |||
Total nonperforming loans | 18,038 | 16,932 | |
Risk Grade Rating 5.5 [Member] | |||
Total nonperforming loans | 3,383 | 3,150 | |
Risk Grade Rating 6 [Member] | |||
Total nonperforming loans | 11,568 | 10,848 | |
Risk Grade Rating 7 [Member] | |||
Total nonperforming loans | |||
Risk Grade Rating 8 [Member] | |||
Total nonperforming loans | 2 | ||
Risk Grade Rating 9 [Member] | |||
Total nonperforming loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Total nonperforming loans | 22,087 | 22,486 | 22,319 |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Total nonperforming loans | 19,490 | 20,305 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Total nonperforming loans | 2,597 | 2,181 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Not Rated [Member] | |||
Total nonperforming loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Total nonperforming loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Total nonperforming loans | 64 | 64 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Total nonperforming loans | 267 | 481 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Total nonperforming loans | 13,977 | 16,038 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Total nonperforming loans | 1,589 | 1,472 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Total nonperforming loans | 3,755 | 1,852 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Total nonperforming loans | 72 | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Total nonperforming loans | 2,363 | 2,579 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Total nonperforming loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Total nonperforming loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Total nonperforming loans | |||
Commercial Portfolio Segment [Member] | |||
Total nonperforming loans | 162,446 | 162,026 | 131,902 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Total nonperforming loans | 162,181 | 161,749 | |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Total nonperforming loans | 265 | 277 | |
Commercial Portfolio Segment [Member] | Not Rated [Member] | |||
Total nonperforming loans | 1,731 | 3,652 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Total nonperforming loans | 3,998 | 6,877 | |
Commercial Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Total nonperforming loans | 116 | 117 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Total nonperforming loans | 46,455 | 47,263 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Total nonperforming loans | 103,187 | 97,598 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Total nonperforming loans | 1,909 | 2,024 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Total nonperforming loans | 4,582 | 3,851 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Total nonperforming loans | 255 | 305 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Total nonperforming loans | 213 | 339 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Total nonperforming loans | |||
Commercial Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Total nonperforming loans | |||
Commercial Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Total nonperforming loans | |||
Commercial Real Estate Portfolio Segment [Member] | |||
Total nonperforming loans | 278,652 | 279,294 | 270,328 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Total nonperforming loans | 275,374 | 276,021 | |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Total nonperforming loans | 3,278 | 3,273 | |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | |||
Total nonperforming loans | 44 | 60 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Total nonperforming loans | |||
Commercial Real Estate Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Total nonperforming loans | 185 | 196 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Total nonperforming loans | 24,609 | 24,899 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Total nonperforming loans | 219,492 | 219,079 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Total nonperforming loans | 19,787 | 19,462 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Total nonperforming loans | 6,866 | 9,084 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Total nonperforming loans | 2,363 | 2,132 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Total nonperforming loans | 5,306 | 4,380 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Total nonperforming loans | |||
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Total nonperforming loans | 2 | ||
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Total nonperforming loans | |||
Construction Real Estate Portfolio Segment [Member] | |||
Total nonperforming loans | 27,941 | 27,400 | 19,928 |
Construction Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Total nonperforming loans | 27,909 | 27,368 | |
Construction Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Total nonperforming loans | 32 | 32 | |
Construction Real Estate Portfolio Segment [Member] | Not Rated [Member] | |||
Total nonperforming loans | 11,948 | 12,878 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Total nonperforming loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Total nonperforming loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Total nonperforming loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Total nonperforming loans | 13,051 | 11,555 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Total nonperforming loans | 1,360 | 1,381 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Total nonperforming loans | 245 | 249 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Total nonperforming loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Total nonperforming loans | 1,337 | 1,337 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Total nonperforming loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Total nonperforming loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Total nonperforming loans | |||
Residential Portfolio Segment [Member] | |||
Total nonperforming loans | 231,074 | 230,008 | 223,318 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Total nonperforming loans | 227,091 | 226,119 | |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Total nonperforming loans | 3,983 | 3,889 | |
Residential Portfolio Segment [Member] | Not Rated [Member] | |||
Total nonperforming loans | 147,437 | 147,167 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Total nonperforming loans | |||
Residential Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Total nonperforming loans | |||
Residential Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Total nonperforming loans | 1,363 | 1,268 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Total nonperforming loans | 73,934 | 74,141 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Total nonperforming loans | 2,719 | 2,623 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Total nonperforming loans | 2,590 | 1,896 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Total nonperforming loans | 693 | 713 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Total nonperforming loans | 2,338 | 2,200 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Total nonperforming loans | |||
Residential Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Total nonperforming loans | |||
Residential Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Total nonperforming loans | |||
Consumer and Other Portfolio Segment [Member] | |||
Total nonperforming loans | 44,677 | 47,446 | $ 54,845 |
Consumer and Other Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Total nonperforming loans | 44,219 | 47,037 | |
Consumer and Other Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Total nonperforming loans | 458 | 409 | |
Consumer and Other Portfolio Segment [Member] | Not Rated [Member] | |||
Total nonperforming loans | 39,747 | 42,259 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Total nonperforming loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Total nonperforming loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Total nonperforming loans | 3,424 | 3,556 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Total nonperforming loans | 1,495 | 1,618 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Total nonperforming loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Total nonperforming loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Total nonperforming loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Total nonperforming loans | 11 | 13 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Total nonperforming loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Total nonperforming loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Total nonperforming loans |
Note 5 - Allowance For Loan L_6
Note 5 - Allowance For Loan Losses - Past Due Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 |
Past due | $ 7,261 | $ 6,872 | |
Current | 759,616 | 761,788 | |
Total nonperforming loans | 766,877 | 768,660 | $ 722,640 |
Loans 90 days past due and accruing | 61 | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 1,999 | 1,867 | |
Current | 20,088 | 20,619 | |
Total nonperforming loans | 22,087 | 22,486 | 22,319 |
Loans 90 days past due and accruing | |||
Commercial Portfolio Segment [Member] | |||
Past due | 216 | 327 | |
Current | 162,230 | 161,699 | |
Total nonperforming loans | 162,446 | 162,026 | 131,902 |
Loans 90 days past due and accruing | 15 | ||
Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 2,486 | 2,653 | |
Current | 276,166 | 276,641 | |
Total nonperforming loans | 278,652 | 279,294 | 270,328 |
Loans 90 days past due and accruing | |||
Construction Real Estate Portfolio Segment [Member] | |||
Past due | 32 | ||
Current | 27,909 | 27,400 | |
Total nonperforming loans | 27,941 | 27,400 | 19,928 |
Loans 90 days past due and accruing | |||
Residential Portfolio Segment [Member] | |||
Past due | 2,278 | 1,933 | |
Current | 228,796 | 228,075 | |
Total nonperforming loans | 231,074 | 230,008 | 223,318 |
Loans 90 days past due and accruing | |||
Consumer and Other Portfolio Segment [Member] | |||
Past due | 250 | 92 | |
Current | 44,427 | 47,354 | |
Total nonperforming loans | 44,677 | 47,446 | $ 54,845 |
Loans 90 days past due and accruing | 46 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Past due | 3,290 | 2,918 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 264 | 632 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past due | 149 | 186 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 914 | 804 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Construction Real Estate Portfolio Segment [Member] | |||
Past due | |||
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | |||
Past due | 1,810 | 1,217 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member] | |||
Past due | 153 | 79 | |
Financial Asset, 60 to 89 Days Past Due [Member] | |||
Past due | 1,104 | 1,698 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 16 | 1,235 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past due | 21 | 110 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 936 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Construction Real Estate Portfolio Segment [Member] | |||
Past due | |||
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | |||
Past due | 81 | 340 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member] | |||
Past due | 50 | 13 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Past due | 2,867 | 2,256 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 1,719 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past due | 46 | 31 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 636 | 1,849 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Real Estate Portfolio Segment [Member] | |||
Past due | 32 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | |||
Past due | 387 | 376 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member] | |||
Past due | $ 47 |
Note 5 - Allowance For Loan L_7
Note 5 - Allowance For Loan Losses - Non-accrual Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Non-accrual loans | $ 7,134 | $ 5,566 |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | ||
Non-accrual loans | 2,363 | 1,624 |
Commercial Portfolio Segment [Member] | ||
Non-accrual loans | 85 | 106 |
Commercial Real Estate Portfolio Segment [Member] | ||
Non-accrual loans | 3,277 | 2,907 |
Construction Real Estate Portfolio Segment [Member] | ||
Non-accrual loans | 32 | 5 |
Residential Portfolio Segment [Member] | ||
Non-accrual loans | 1,366 | 912 |
Consumer and Other Portfolio Segment [Member] | ||
Non-accrual loans | $ 11 | $ 12 |
Note 5 - Allowance For Loan L_8
Note 5 - Allowance For Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Related allowance | $ 466 | $ 529 |
Recorded investment | 9,830 | 9,760 |
Unpaid principal balance | 10,358 | 10,058 |
Average recorded investment | 10,397 | 11,911 |
Interest income recognized | 104 | 153 |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | ||
Recorded investment - without allowance | 2,556 | 2,388 |
Unpaid principal balance - without allowance | 2,555 | 2,384 |
Average recorded investment - without allowance | 2,595 | 820 |
Interest expense recognized without allowance | (14) | |
Interest income recognized without allowance | 11 | |
Recorded investment - with allowance | 234 | |
Unpaid principal balance - with allowance | 234 | |
Related allowance | ||
Average recorded investment - with allowance | 240 | |
Interest income recognized with allowance | 3 | |
Recorded investment | 2,556 | 2,622 |
Unpaid principal balance | 2,555 | 2,618 |
Average recorded investment | 2,595 | 1,060 |
Interest expense recognized | (14) | |
Interest income recognized | 14 | |
Commercial Portfolio Segment [Member] | ||
Recorded investment - without allowance | 67 | |
Unpaid principal balance - without allowance | 67 | |
Average recorded investment - without allowance | 91 | |
Interest income recognized without allowance | 1 | |
Recorded investment - with allowance | 220 | 226 |
Unpaid principal balance - with allowance | 229 | 234 |
Related allowance | 138 | 142 |
Average recorded investment - with allowance | 231 | 266 |
Interest income recognized with allowance | 2 | 3 |
Recorded investment | 287 | 226 |
Unpaid principal balance | 296 | 234 |
Average recorded investment | 322 | 266 |
Interest income recognized | 3 | 3 |
Commercial Real Estate Portfolio Segment [Member] | ||
Recorded investment - without allowance | 1,899 | 1,863 |
Unpaid principal balance - without allowance | 2,116 | 1,871 |
Average recorded investment - without allowance | 2,076 | 1,706 |
Interest income recognized without allowance | 61 | 21 |
Recorded investment - with allowance | 1,604 | 1,299 |
Unpaid principal balance - with allowance | 1,697 | 1,380 |
Related allowance | 118 | 146 |
Average recorded investment - with allowance | 1,698 | 2,064 |
Interest income recognized with allowance | 5 | 32 |
Recorded investment | 3,503 | 3,162 |
Unpaid principal balance | 3,813 | 3,251 |
Average recorded investment | 3,774 | 3,770 |
Interest income recognized | 66 | 53 |
Construction Real Estate Portfolio Segment [Member] | ||
Recorded investment - without allowance | 32 | |
Unpaid principal balance - without allowance | 67 | |
Average recorded investment - without allowance | 52 | |
Interest income recognized without allowance | ||
Recorded investment - with allowance | 32 | |
Unpaid principal balance - with allowance | 67 | |
Related allowance | 4 | |
Average recorded investment - with allowance | 1,597 | |
Interest income recognized with allowance | 19 | |
Recorded investment | 32 | 32 |
Unpaid principal balance | 67 | 67 |
Average recorded investment | 52 | 1,597 |
Interest income recognized | 19 | |
Residential Portfolio Segment [Member] | ||
Recorded investment - without allowance | 2,660 | 3,015 |
Unpaid principal balance - without allowance | 2,822 | 3,174 |
Average recorded investment - without allowance | 2,842 | 4,129 |
Interest income recognized without allowance | 39 | 52 |
Recorded investment - with allowance | 391 | 306 |
Unpaid principal balance - with allowance | 403 | 316 |
Related allowance | 83 | 94 |
Average recorded investment - with allowance | 405 | 660 |
Interest income recognized with allowance | 5 | 7 |
Recorded investment | 3,051 | 3,321 |
Unpaid principal balance | 3,225 | 3,490 |
Average recorded investment | 3,247 | 4,789 |
Interest income recognized | 44 | 59 |
Consumer and Other Portfolio Segment [Member] | ||
Recorded investment - without allowance | 134 | 58 |
Unpaid principal balance - without allowance | 135 | 59 |
Average recorded investment - without allowance | 137 | 84 |
Interest income recognized without allowance | 2 | 1 |
Recorded investment - with allowance | 267 | 339 |
Unpaid principal balance - with allowance | 267 | 339 |
Related allowance | 127 | 143 |
Average recorded investment - with allowance | 270 | 345 |
Interest income recognized with allowance | 3 | 4 |
Recorded investment | 401 | 397 |
Unpaid principal balance | 402 | 398 |
Average recorded investment | 407 | 429 |
Interest income recognized | $ 5 | $ 5 |
Note 5 - Allowance For Loan L_9
Note 5 - Allowance For Loan Losses - Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | |
Number of contracts | 4 | 2,000 |
Pre-modification recorded principal balance | $ 131 | $ 433 |
Post-modification recorded principal balance | $ 66 | $ 433 |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | ||
Number of contracts | 2 | |
Pre-modification recorded principal balance | $ 77 | |
Post-modification recorded principal balance | $ 16 | |
Commercial Portfolio Segment [Member] | ||
Number of contracts | ||
Pre-modification recorded principal balance | ||
Post-modification recorded principal balance | ||
Commercial Real Estate Portfolio Segment [Member] | ||
Number of contracts | 1 | 1,000 |
Pre-modification recorded principal balance | $ 39 | $ 283 |
Post-modification recorded principal balance | $ 36 | $ 283 |
Construction Real Estate Portfolio Segment [Member] | ||
Number of contracts | ||
Pre-modification recorded principal balance | ||
Post-modification recorded principal balance | ||
Residential Portfolio Segment [Member] | ||
Number of contracts | 1,000 | |
Pre-modification recorded principal balance | $ 150 | |
Post-modification recorded principal balance | $ 150 | |
Consumer and Other Portfolio Segment [Member] | ||
Number of contracts | 1 | |
Pre-modification recorded principal balance | $ 15 | |
Post-modification recorded principal balance | $ 14 |
Note 5 - Allowance For Loan _10
Note 5 - Allowance For Loan Losses - Troubled Debt Restructurings Subsequent Default (Details) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | |
Number of contracts | 1 | |
Recorded principal balance | $ 283 | |
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 | 1 | |
Recorded principal balance | $ 283 | |
Construction Real Estate Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Residential Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Consumer and Other Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance |
Note 6 - Investment Securitie_2
Note 6 - Investment Securities (Details Textual) | Mar. 31, 2019 | Dec. 31, 2018 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total | 37 | 165 |
Note 6 - Investment Securitie_3
Note 6 - Investment Securities - Available for Sale Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Available for sale securities, amortized cost | $ 29,627 | $ 413,245 |
Available for sale securities, gross unrealized gains | 626 | 810 |
Available for sale securities, gross unrealized losses | (120) | (12,442) |
Securities - Available for Sale | 30,133 | 401,613 |
Available for sale securities, gross unrealized gains | 626 | 810 |
Available for sale securities, gross unrealized losses | (120) | (12,442) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 29,127 | 69,309 |
Available for sale securities, gross unrealized gains | 626 | 604 |
Available for sale securities, gross unrealized losses | (116) | (804) |
Securities - Available for Sale | 29,637 | 69,109 |
Available for sale securities, gross unrealized gains | 626 | 604 |
Available for sale securities, gross unrealized losses | (116) | (804) |
US Treasury and Government [Member] | ||
Available for sale securities, amortized cost | 134,160 | |
Available for sale securities, gross unrealized gains | 1 | |
Available for sale securities, gross unrealized losses | (5,926) | |
Securities - Available for Sale | 128,235 | |
Available for sale securities, gross unrealized gains | 1 | |
Available for sale securities, gross unrealized losses | (5,926) | |
Corporate Debt Securities [Member] | ||
Available for sale securities, amortized cost | 500 | 13,552 |
Available for sale securities, gross unrealized gains | 173 | |
Available for sale securities, gross unrealized losses | (4) | (10) |
Securities - Available for Sale | 496 | 13,715 |
Available for sale securities, gross unrealized gains | 173 | |
Available for sale securities, gross unrealized losses | $ (4) | (10) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities, amortized cost | 196,224 | |
Available for sale securities, gross unrealized gains | 32 | |
Available for sale securities, gross unrealized losses | (5,702) | |
Securities - Available for Sale | 190,554 | |
Available for sale securities, gross unrealized gains | 32 | |
Available for sale securities, gross unrealized losses | $ (5,702) |
Note 6 - Investment Securitie_4
Note 6 - Investment Securities - Securities by Contractual Maturity (Details) $ in Thousands | Mar. 31, 2019USD ($) |
1 year or less, available for sale amortized cost | $ 8,462 |
1 year or less, available for sale estimated market value | 8,503 |
After 1 year through five years, available for sale amortized cost | 15,112 |
After 1 year through five years, available for sale estimated market value | 15,310 |
After 5 years through 10 years, available for sale amortized cost | 5,387 |
After 5 years through 10 years, available for sale estimated market value | 5,661 |
After 10 years, available for sale amortized cost | 666 |
After 10 years, available for sale estimated market value | 659 |
Total, available for sale amortized cost | 29,627 |
Total, available for sale estimated market value | $ 30,133 |
Note 6 - Investment Securitie_5
Note 6 - Investment Securities - Securities in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Less than 12 months, aggregate fair value | $ 8,411 | $ 56,641 |
Less than 12 months, gross unrealized losses | 120 | 779 |
12 months or longer, aggregate fair value | 289,309 | |
12 months or longer, gross unrealized losses | 11,663 | |
Total, aggregate fair value | 8,411 | 345,950 |
Total, gross unrealized losses | 120 | 12,442 |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, aggregate fair value | 7,915 | 32,260 |
Less than 12 months, gross unrealized losses | 116 | 573 |
12 months or longer, aggregate fair value | 5,955 | |
12 months or longer, gross unrealized losses | 231 | |
Total, aggregate fair value | 7,915 | 38,215 |
Total, gross unrealized losses | 116 | 804 |
US Treasury and Government [Member] | ||
Less than 12 months, aggregate fair value | 3,946 | |
Less than 12 months, gross unrealized losses | 65 | |
12 months or longer, aggregate fair value | 117,750 | |
12 months or longer, gross unrealized losses | 5,861 | |
Total, aggregate fair value | 121,696 | |
Total, gross unrealized losses | 5,926 | |
Corporate Debt Securities [Member] | ||
Less than 12 months, aggregate fair value | 496 | 490 |
Less than 12 months, gross unrealized losses | 4 | 10 |
12 months or longer, aggregate fair value | ||
12 months or longer, gross unrealized losses | ||
Total, aggregate fair value | 496 | 490 |
Total, gross unrealized losses | $ 4 | 10 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months, aggregate fair value | 19,945 | |
Less than 12 months, gross unrealized losses | 131 | |
12 months or longer, aggregate fair value | 165,604 | |
12 months or longer, gross unrealized losses | 5,571 | |
Total, aggregate fair value | 185,549 | |
Total, gross unrealized losses | $ 5,702 |
Note 7 - Fair Value of Financ_3
Note 7 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | ||
Assets, Fair Value Disclosure | $ 0 | $ 0 |
Note 7 - Fair Value of Financ_4
Note 7 - Fair Value of Financial Instruments - Financial Assets and Liabilities Measured on a Recurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financial Assets: | ||
Time Deposits in Other Banks | $ 600 | $ 10,796 |
Securities - Available for Sale | 30,133 | 401,613 |
US States and Political Subdivisions Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 29,637 | 69,109 |
US Treasury and Government [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 128,235 | |
Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 496 | 13,715 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 190,554 | |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | ||
Financial Assets: | ||
Cash and due from banks | 432,807 | 51,842 |
Time Deposits in Other Banks | 600 | 10,796 |
Equity Securities | 7,450 | |
Loans, net | 759,374 | 760,889 |
Accrued Interest Receivable | 3,135 | 4,413 |
Loans Held for Sale | 488 | |
Financial Liabilities: | ||
Noninterest Bearing Deposits | 290,929 | 297,704 |
Interest Bearing Deposits | 892,220 | 885,206 |
FHLB Advances | 10,000 | 10,000 |
Accrued Interest Payable | 77 | 65 |
FHLB Advances | 10,000 | 10,000 |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 29,637 | 69,109 |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 128,235 | |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 496 | 13,715 |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 190,554 | |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 7,415 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | ||
Financial Assets: | ||
Cash and due from banks | 432,807 | 51,842 |
Time Deposits in Other Banks | 600 | 10,548 |
Equity Securities | 7,450 | |
Loans, net | 747,951 | 750,249 |
Accrued Interest Receivable | 3,135 | 4,413 |
Loans Held for Sale | 502 | |
Financial Liabilities: | ||
Noninterest Bearing Deposits | 290,929 | 297,704 |
Interest Bearing Deposits | 892,881 | 885,886 |
FHLB Advances | 10,212 | 10,042 |
Accrued Interest Payable | 77 | 65 |
FHLB Advances | 10,212 | 10,042 |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 29,637 | 69,109 |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 128,235 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 496 | 13,715 |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 190,554 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 7,415 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets: | ||
Cash and due from banks | 432,807 | 51,842 |
Time Deposits in Other Banks | ||
Equity Securities | 2,077 | |
Loans, net | ||
Accrued Interest Receivable | ||
Loans Held for Sale | ||
Financial Liabilities: | ||
Noninterest Bearing Deposits | 290,929 | 297,704 |
Interest Bearing Deposits | ||
FHLB Advances | ||
Accrued Interest Payable | ||
FHLB Advances | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | ||
Estimate of Fair Value Measurement [Member] | Fair Value, 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, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | ||
Estimate of Fair Value Measurement [Member] | Fair Value, 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, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 2,042 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial Assets: | ||
Cash and due from banks | ||
Time Deposits in Other Banks | 10,548 | |
Equity Securities | 5,373 | |
Loans, net | ||
Accrued Interest Receivable | ||
Loans Held for Sale | ||
Financial Liabilities: | ||
Noninterest Bearing Deposits | ||
Interest Bearing Deposits | 892,881 | 885,886 |
FHLB Advances | 10,212 | |
Accrued Interest Payable | ||
FHLB Advances | 10,212 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 29,637 | 69,109 |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Treasury and Government [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 128,235 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | 496 | 13,715 |
Estimate of Fair Value Measurement [Member] | Fair Value, 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 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale | 5,373 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets: | ||
Cash and due from banks | ||
Time Deposits in Other Banks | 600 | |
Equity Securities | ||
Loans, net | 747,951 | 750,249 |
Accrued Interest Receivable | 3,135 | 4,413 |
Loans Held for Sale | 502 | |
Financial Liabilities: | ||
Noninterest Bearing Deposits | ||
Interest Bearing Deposits | ||
FHLB Advances | 10,042 | |
Accrued Interest Payable | 77 | 65 |
FHLB Advances | 10,042 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | ||
Estimate of Fair Value Measurement [Member] | Fair Value, 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, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | ||
Financial Assets: | ||
Securities - Held to Maturity | ||
Estimate of Fair Value Measurement [Member] | Fair Value, 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, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member] | ||
Financial Assets: | ||
Securities - Available for Sale |
Note 7 - Fair Value of Financ_5
Note 7 - Fair Value of Financial Instruments - Assets Measured on a Nonrecurring Basis (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Impaired loans | $ 9,830 | $ 9,760 |
Other Real Estate Owned | 58 | 692 |
Fair Value, Nonrecurring [Member] | ||
Impaired loans | ||
Other Real Estate Owned | ||
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Impaired loans | ||
Other Real Estate Owned | ||
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Impaired loans | 9,364 | 9,231 |
Other Real Estate Owned | $ 58 | $ 692 |
Note 8 - Financial Instrument_3
Note 8 - Financial Instruments With Off-balance Sheet Risk (Details Textual) | 3 Months Ended |
Mar. 31, 2019 | |
Home Equity Line of Credit [Member] | |
Line of Credit Facility, Expiration Period | 10 years |
Note 8 - Financial Instrument_4
Note 8 - Financial Instruments With Off-balance Sheet Risk - Off-balance Sheet Credit Risk Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Commitments to Extend Credit - Commercial Lines of Credit [Member] | ||
Commitments to extend credit: | ||
Off-balance sheet credit risks | $ 119,668 | $ 116,119 |
Commitments to Extend Credit - Credit Card Lines of Credit [Member] | ||
Commitments to extend credit: | ||
Off-balance sheet credit risks | 7,018 | 6,680 |
Commitments to Extend Credit - Home Equity Lines of Credit [Member] | ||
Commitments to extend credit: | ||
Off-balance sheet credit risks | 36,823 | 34,621 |
Standby Letters of Credit and Financial Guarantees [Member] | ||
Commitments to extend credit: | ||
Off-balance sheet credit risks | 1,223 | 1,763 |
All Other Off-Balance Sheet Commitments [Member] | ||
Commitments to extend credit: | ||
Off-balance sheet credit risks |