Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2019 | Aug. 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) | 23,037,773 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Cash and due from banks | ||
Non-interest bearing | $ 16,934 | $ 17,058 |
Interest bearing | 321,684 | 34,784 |
Total cash and cash equivalents | 338,618 | 51,842 |
Interest Bearing Time Deposits in Other Banks | 100 | 10,796 |
Securities - Available for Sale | 116,440 | 401,613 |
Equity Securities | 7,478 | 7,415 |
Loans held for sale | 488 | |
Loans | 769,413 | 768,660 |
Allowance for Loan Losses | (7,623) | (7,771) |
Loans - Net | 761,790 | 760,889 |
Accrued interest receivable and other assets | 15,445 | 16,743 |
Other real estate owned | 27 | 692 |
Bank Owned Life Insurance | 59,313 | 59,563 |
Premises and Equipment - Net | 27,336 | 26,850 |
Total assets | 1,326,547 | 1,336,891 |
Deposits | ||
Non-interest bearing | 309,309 | 297,704 |
Interest-bearing | 861,691 | 885,206 |
Total deposits | 1,171,000 | 1,182,910 |
Federal Home Loan Bank advances | 10,000 | 10,000 |
Interest payable and other liabilities | 10,110 | 16,314 |
Total liabilities | 1,191,110 | 1,209,224 |
STOCKHOLDERS' EQUITY | ||
Common stock (no par value; 50,000,000 shares authorized, 23,037,773 and 23,033,715 shares issued and outstanding) | 23,658 | 23,453 |
Retained earnings | 110,510 | 113,921 |
Accumulated other comprehensive income (loss) | 1,269 | (9,707) |
Total stockholders' equity | 135,437 | 127,667 |
Total liabilities and stockholders' equity | $ 1,326,547 | $ 1,336,891 |
Consolidated Balance Sheets (_2
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares $ / shares in Thousands | Jun. 30, 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) | 23,037,773 | 23,033,715 |
Common stock, shares outstanding (in shares) | 23,037,773 | 23,033,715 |
Consolidated Statements of Inco
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Interest Income | ||||
Interest and fees on loans | $ 9,714 | $ 8,736 | $ 19,285 | $ 16,953 |
Interest on investment securities- | ||||
Tax-exempt | 171 | 443 | 467 | 847 |
Taxable | 380 | 2,087 | 1,554 | 4,297 |
Interest on balances due from banks | 2,213 | 58 | 3,422 | 183 |
Total interest income | 12,478 | 11,324 | 24,728 | 22,280 |
Interest Expense | ||||
Interest on deposits | 557 | 400 | 1,125 | 814 |
Interest on borrowed funds | 64 | 91 | 128 | 97 |
Total interest expense | 621 | 491 | 1,253 | 911 |
Net Interest Income | 11,857 | 10,833 | 23,475 | 21,369 |
Recovery Of Loan Losses | (100) | |||
Net Interest Income After Net Interest Income After Recovery Of Loan Losses | 11,857 | 10,833 | 23,475 | 21,469 |
Other Income | ||||
Net loss on sales and redemptions of securities available for sale | (1) | (11,646) | (102) | |
Net gain on sales of Other Real Estate Owned | 4 | 517 | 13 | 536 |
Bank owned life insurance income | 851 | 349 | 1,189 | 702 |
Other | 634 | 527 | 1,293 | 1,127 |
Total other income (loss) | 4,459 | 4,403 | (3,428) | 8,187 |
Other Expenses | ||||
Salaries and employee benefits | 5,305 | 5,371 | 11,369 | 11,333 |
Occupancy expense | 654 | 620 | 1,383 | 1,341 |
Equipment expense | 896 | 874 | 1,809 | 1,667 |
Marketing expense | 189 | 467 | 481 | 844 |
Professional fees | 459 | 592 | 1,302 | 1,186 |
EFT/ATM expense | 297 | 288 | 588 | 547 |
Other Real Estate Owned expenses | 4 | 21 | 26 | 36 |
FDIC Deposit Insurance Assessment | 91 | 92 | 180 | 199 |
Bonding and other insurance expense | 73 | 137 | 502 | 269 |
Telephone expense | 78 | 74 | 158 | 149 |
Other | 495 | 650 | 1,053 | 1,407 |
Total other expenses | 8,541 | 9,186 | 18,851 | 18,978 |
Income Before Income Taxes | 7,775 | 6,050 | 1,196 | 10,678 |
Income Tax Expense | 1,438 | 1,105 | 1,831 | |
Net Income | 6,337 | 4,945 | 1,196 | 8,847 |
Other Comprehensive Income - Net of Tax | ||||
Unrealized gains (losses) on securities | 1,012 | (643) | 1,399 | (4,896) |
Reclassification adjustment for losses included in net income | 1 | 9,200 | 81 | |
Postretirement benefit liability | 11 | 32 | 377 | 64 |
Total Other Comprehensive Income (Loss) - Net of Tax | 1,023 | (610) | 10,976 | (4,751) |
Comprehensive Income | $ 7,360 | $ 4,335 | $ 12,172 | $ 4,096 |
Basic Earnings Per Common Share (in dollars per share) | $ 0.27 | $ 0.22 | $ 0.05 | $ 0.39 |
Diluted Earnings Per Common Share (in dollars per share) | 0.27 | 0.21 | 0.05 | 0.38 |
Dividends Declared Per Share of Common Stock (in dollars per share) | $ 0.10 | $ 0.07 | $ 0.20 | $ 0.73 |
Fiduciary and Trust [Member] | ||||
Other Income | ||||
Noninterest income | $ 1,197 | $ 1,178 | $ 2,358 | $ 2,363 |
Noninterest income | 1,197 | 1,178 | 2,358 | 2,363 |
Deposit Account [Member] | ||||
Other Income | ||||
Noninterest income | 855 | 955 | 1,677 | 1,901 |
Noninterest income | 855 | 955 | 1,677 | 1,901 |
Debit Card [Member] | ||||
Other Income | ||||
Noninterest income | 799 | 786 | 1,500 | 1,506 |
Noninterest income | 799 | 786 | 1,500 | 1,506 |
Mortgage Banking [Member] | ||||
Other Income | ||||
Noninterest income | 119 | 92 | 188 | 154 |
Noninterest income | $ 119 | $ 92 | $ 188 | $ 154 |
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) | |||
Restricted stock awards, net of shares redeemed for taxes (in shares) | 7,500 | ||||
Restricted stock awards, net of shares redeemed for taxes | $ 78 | (78) | |||
Cumulative Effect Adjustment (ASU 2016-01) | 49 | (49) | |||
Balance (in shares) at Mar. 31, 2018 | 22,973,261 | ||||
Balance at Mar. 31, 2018 | $ 23,078 | 106,330 | (59) | (11,847) | 117,502 |
Balance (in shares) at Dec. 31, 2017 | 22,907,844 | ||||
Balance at Dec. 31, 2017 | $ 22,840 | 117,524 | (7,706) | 132,658 | |
Net Income (Loss) | 8,847 | ||||
Balance (in shares) at Jun. 30, 2018 | 22,983,255 | ||||
Balance at Jun. 30, 2018 | $ 23,231 | 109,668 | (39) | (12,506) | 120,354 |
Balance (in shares) at Mar. 31, 2018 | 22,973,261 | ||||
Balance at Mar. 31, 2018 | $ 23,078 | 106,330 | (59) | (11,847) | 117,502 |
SOSARs exercised, net of shares redeemed for taxes (in shares) | 4,572 | ||||
SOSARs exercised, net of shares redeemed for taxes | $ (24) | (24) | |||
Employee Stock Purchase Plan and other stock issued (in shares) | 5,422 | ||||
Employee Stock Purchase Plan and other stock issued | $ 57 | 57 | |||
Equity Compensation | 137 | 20 | 157 | ||
Deferred Directors' Compensation | (17) | (17) | |||
Dividends declared | (1,607) | (1,607) | |||
Net Income (Loss) | 4,945 | 4,945 | |||
Other comprehensive income - net of tax | (659) | (659) | |||
Balance (in shares) at Jun. 30, 2018 | 22,983,255 | ||||
Balance at Jun. 30, 2018 | $ 23,231 | 109,668 | (39) | (12,506) | 120,354 |
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 | |
Balance (in shares) at Dec. 31, 2018 | 23,033,715 | ||||
Balance at Dec. 31, 2018 | $ 23,453 | 113,921 | (9,707) | 127,667 | |
Net Income (Loss) | 1,196 | ||||
Balance (in shares) at Jun. 30, 2019 | 23,037,773 | ||||
Balance at Jun. 30, 2019 | $ 23,658 | 110,510 | 1,269 | 135,437 | |
Balance (in shares) at Mar. 31, 2019 | 23,036,758 | ||||
Balance at Mar. 31, 2019 | $ 23,565 | 106,477 | 246 | 130,288 | |
Employee Stock Purchase Plan and other stock issued (in shares) | 1,015 | ||||
Employee Stock Purchase Plan and other stock issued | $ 10 | 10 | |||
Equity Compensation | 93 | 93 | |||
Deferred Directors' Compensation | (10) | (10) | |||
Dividends declared | (2,304) | (2,304) | |||
Net Income (Loss) | 6,337 | 6,337 | |||
Other comprehensive income - net of tax | 1,023 | 1,023 | |||
Balance (in shares) at Jun. 30, 2019 | 23,037,773 | ||||
Balance at Jun. 30, 2019 | $ 23,658 | $ 110,510 | $ 1,269 | $ 135,437 |
Consolidated Statements of Ch_2
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |||
Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | |
Retained Earnings [Member] | ||||
Dividends declared (in dollars per share) | $ 0.10 | $ 0.10 | $ 0.07 | $ 0.66 |
Dividends declared (in dollars per share) | $ 0.10 | $ 0.07 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Cash Flows from Operating Activities | ||
Net Income (Loss) | $ 1,196 | $ 8,847 |
Adjustments to reconcile net income to net cash from operating activities | ||
Recovery Of Loan Losses | (100) | |
Depreciation | 684 | 737 |
Net amortization of investment premium and discount | 268 | 1,166 |
Adjustment for assets carried at fair market value | (63) | 47 |
Writedowns of Other Real Estate Owned | 42 | |
Net decrease in interest payable and other liabilities | (5,749) | (364) |
Net decrease (increase ) in interest receivable and other assets | (1,796) | (652) |
Equity based compensation expense | 186 | 392 |
Net loss on sale/settlement of securities | 11,646 | 102 |
Net gain on life insurance claim | (523) | |
Increase in cash surrender value of life insurance | (672) | (702) |
Net cash provided by operating activities | 5,177 | 9,515 |
Cash Flows from Investing Activities | ||
Proceeds from maturities of interest bearing time deposits in other banks | 1,250 | 3,000 |
Proceeds from maturities and redemptions of investment securities held to maturity | 3,987 | |
Proceeds from maturities and redemptions of investment securities available for sale | 9,305 | 31,904 |
Proceeds from sales of investment securities available for sale | 367,161 | 19,393 |
Proceeds from sales of interest bearing time deposits in other banks | 9,446 | |
Net increase in loans | (441) | (45,547) |
Proceeds from sales of other real estate owned | 704 | 1,698 |
Proceeds from sales of other assets | 172 | 40 |
Proceeds from Bank Owned Life Insurance claims | 1,445 | |
Purchase of investment securities available for sale | (89,795) | (32,187) |
Purchase of bank premises and equipment | (1,172) | (248) |
Net cash used for (provided by) investing activities | 298,075 | (17,960) |
Cash Flows from Financing Activities | ||
Net decrease in deposits | (11,910) | (50,670) |
Net increase in short term borrowings | 7,800 | |
Proceeds from Federal Home Loan Bank borrowings | 30,000 | |
Issuance of common stock | 40 | 246 |
Stock redeemed for tax withholding - stock based compensation | 1 | (203) |
Dividends paid | (4,607) | (16,752) |
Net cash used for financing activities | (16,476) | (29,579) |
Net Increase (Decrease) in Cash and Cash Equivalents | 286,776 | (38,024) |
Cash and Cash Equivalents at Beginning of Period | 51,842 | 53,010 |
Cash and Cash Equivalents at End of Period | 338,618 | 14,986 |
Supplemental Cash Flow Information | ||
Cash paid for interest | 1,241 | 892 |
Cash paid for federal income taxes | 1,419 | |
Supplemental Schedule of Non Cash Investing Activities | ||
Transfer of loans to other real estate owned | 27 | 144 |
Transfer of loans to other assets | $ 1 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and Accounting Policies | 6 Months Ended |
Jun. 30, 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 third 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 reportable segment. 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 traded in active markets, the Company looks to market observable data for similar assets or liabilities. Nevertheless, certain assets and liabilities are not actively traded in observable markets and the Company must use alternative valuation techniques to derive a fair value measurement. ACCOUNTING PRONOUNCEMENTS In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016 - 13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments. The ASU includes increased disclosures and various changes to the accounting and measurement of financial assets including the Company’s loans and available-for-sale and held-to-maturity debt securities. Each financial asset presented on the balance sheet would have a unique allowance for credit losses valuation account that is deducted from the amortized cost basis to present the net carrying value at the amount expected to be collected on the financial asset. The amendments in this ASU also eliminate the probable initial recognition threshold in current GAAP and instead, reflect an entity’s current estimate of all expected credit losses using reasonable and supportable forecasts. The new credit loss guidance will be effective for the Company's year ending December 31, 2020. Upon adoption, the ASU will be applied using a modified retrospective transition method to the beginning of the first reporting period in which the guidance is effective. A prospective transition approach is required for debt securities for which an other-than-temporary impairment had been recognized before the effective date. Early adoption for all institutions is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The standard will likely have an effect on the Company's consolidated financial statements from a onetime adjustment to increase the ALLL upon adoption of the standard and due to increased provision expense at the time loans are originated. Management has developed an implementation timeline and begun the process of segmenting the portfolio. In March 2017, the FASB issued ASU No. 2017 - 08, Receivables-Nonrefundable Fees and Other Costs – Premium Amortization on Purchased Callable Debt Securities (Subtopic 310 - 20 ). This ASU was issued to shorten the amortization period for the premium to the earliest call date on debt securities. This premium will now be recorded as a reduction to net interest margin during the shorter yield to call period, as compared to prior practice of amortizing the premium as a reduction to net interest margin over the contractual life of the instrument. This ASU does not change the current method of amortizing any discount over the contractual life of the debt security, and this pronouncement is effective for fiscal years beginning after December 15, 2018, and must be adopted on a modified retrospective basis. Adoption of the standard did not have a material effect on the Company’s financial statements. |
Note 2 - Earnings Per Share
Note 2 - Earnings Per Share | 6 Months Ended |
Jun. 30, 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 June 30, For the six months ended June 30, 2019 2018 2019 2018 Basic Net income (loss) $ 6,337,000 $ 4,945,000 $ 1,196,000 $ 8,847,000 Average common shares outstanding 23,037,215 22,978,225 23,036,297 22,961,076 Earnings (Loss) per common share - basic $ 0.27 $ 0.22 $ 0.05 $ 0.39 Diluted Net income (loss) $ 6,337,000 $ 4,945,000 $ 1,196,000 $ 8,847,000 Average common shares outstanding 23,037,215 22,978,225 23,036,297 22,961,076 Equity compensation 92,725 122,810 95,188 122,077 Average common shares outstanding - diluted 23,129,940 23,101,035 23,131,485 23,083,153 Earnings per common share - diluted $ 0.27 $ 0.21 $ 0.05 $ 0.38 |
Note 3 - Stock-based Compensati
Note 3 - Stock-based Compensation Plan | 6 Months Ended |
Jun. 30, 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 (4,167 ) 10.26 SOSARs Outstanding, June 30, 2019 341,046 $ 8.76 SOSARs Exercisable, June 30, 2019 152,212 $ 6.40 The exercise of a SOSAR results in the issuance of a number of shares of common stock of the Company based on the appreciation of the market price of the stock over the base price of the SOSAR. The market value of the Company’s common stock on June 30, 2019 $10.02. June 30, 2019 $551,000, 54,962 may The total expense for equity based compensation was $93,000 second 2019 $156,000 second 2018. $186,000 first six 2019 $392,000 first six 2018. $320,000 June 30, 2019. 1.17 |
Note 4 - Loans
Note 4 - Loans | 6 Months Ended |
Jun. 30, 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 June 30, December 31, 2019 2018 Residential real estate loans $ 229,755 $ 230,008 Commercial and Construction real estate loans 311,028 306,694 Agriculture and agricultural real estate loans 24,679 22,486 Commercial and industrial loans 162,627 162,026 Loans to individuals for household, family, and other personal expenditures 41,324 47,446 Total loans, gross $ 769,413 $ 768,660 Less: Allowance for loan losses 7,623 7,771 Net Loans $ 761,790 $ 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 June 30, December 31, 2019 2018 Nonaccrual loans $ 7,723 $ 5,566 Loans 90 days past due and accruing 32 - Restructured loans 3,556 4,495 Total nonperforming loans $ 11,311 $ 10,061 Other real estate owned 27 692 Other assets - - Total nonperforming assets $ 11,338 $ 10,753 Nonperforming assets to total assets 0.85 % 0.80 % Allowance for loan losses to nonperforming loans 67.39 % 77.24 % |
Note 5 - Allowance for Loan Los
Note 5 - Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 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 six June 30, 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 June 30, 2019 Beginning Balance $ 240 $ 1,761 $ 3,038 $ 38 $ 1,211 $ 1,215 $ 7,503 Charge-offs - (5 ) - - (17 ) (46 ) (68 ) Recoveries 4 20 24 26 41 73 188 Provision 35 (545 ) (57 ) (37 ) (49 ) 653 - Ending balance $ 279 $ 1,231 $ 3,005 $ 27 $ 1,186 $ 1,895 $ 7,623 Allowance for loan losses: For the six months ended June 30, 2019 Beginning Balance $ 205 $ 1,266 $ 3,012 $ 184 $ 1,218 $ 1,886 $ 7,771 Charge-offs - (257 ) (151 ) - (17 ) (54 ) (479 ) Recoveries 4 47 48 38 116 78 331 Provision 70 175 96 (195 ) (131 ) (15 ) - Ending balance $ 279 $ 1,231 $ 3,005 $ 27 $ 1,186 $ 1,895 $ 7,623 Allowance for loan losses as of June 30, 2019 Ending balance individually evaluated for impairment $ - $ 13 $ 275 $ - $ 67 $ 124 $ 479 Ending balance collectively evaluated for impairment 279 1,218 2,730 27 1,119 1,771 7,144 Ending balance $ 279 $ 1,231 $ 3,005 $ 27 $ 1,186 $ 1,895 $ 7,623 Loans as of June 30, 2019 Ending balance individually evaluated for impairment $ 2,213 $ 307 $ 3,451 $ 1,289 $ 3,144 $ 390 $ 10,794 Ending balance collectively evaluated for impairment 22,466 162,320 278,888 27,400 226,611 40,934 758,619 Ending balance $ 24,679 $ 162,627 $ 282,339 $ 28,689 $ 229,755 $ 41,324 $ 769,413 Activity in the allowance for loan losses during the three six June 30, 2018 000s Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: For the three months ended June 30, 2018 Beginning Balance $ 210 $ 1,397 $ 3,088 $ 461 $ 1,089 $ 1,640 $ 7,885 Charge-offs - - - - (51 ) - (51 ) Recoveries - 16 49 14 31 14 124 Provision 52 36 (188 ) (1 ) 73 28 - Ending balance $ 262 $ 1,449 $ 2,949 $ 474 $ 1,142 $ 1,682 $ 7,958 Allowance for loan losses: For the six months ended June 30, 2018 Beginning Balance $ 195 $ 1,443 $ 3,297 $ 491 $ 1,279 $ 961 $ 7,666 Charge-offs - - (3 ) - (58 ) (2 ) (63 ) Recoveries 2 31 289 34 73 26 455 Provision 65 (25 ) (634 ) (51 ) (152 ) 697 (100 ) Ending balance $ 262 $ 1,449 $ 2,949 $ 474 $ 1,142 $ 1,682 $ 7,958 Allowance for loan losses as of June 30, 2018 Ending balance individually evaluated for impairment $ - $ 141 $ 223 $ 347 $ 128 $ 196 $ 1,035 Ending balance collectively evaluated for impairment 262 1,308 2,726 127 1,014 1,486 6,923 Ending balance $ 262 $ 1,449 $ 2,949 $ 474 $ 1,142 $ 1,682 $ 7,958 Loans as of June 30, 2018 Ending balance individually evaluated for impairment $ 1,133 $ 254 $ 3,732 $ 1,562 $ 4,516 $ 416 $ 11,613 Ending balance collectively evaluated for impairment 21,991 142,659 266,360 21,667 224,736 51,760 729,173 Ending balance $ 23,124 $ 142,913 $ 270,092 $ 23,229 $ 229,252 $ 52,176 $ 740,786 Each period the provision for loan losses in the income statement results from the combination of an estimate by Management of loan losses that occurred during the current period and the ongoing adjustment of prior estimates of losses occurring in prior periods. The provision for loan losses increases the allowance for loan losses, a valuation account which appears on the consolidated balance sheets. As the specific customer and amount of a loan loss is confirmed by gathering additional information, taking collateral in full or partial settlement of the loan, bankruptcy of the borrower, etc., the loan is charged off, reducing the allowance for loan losses. If, subsequent to a charge off, the Bank is able to collect additional amounts from the customer or sell collateral worth more than earlier estimated, a recovery is recorded. To serve as a basis for making this provision, the Bank maintains an extensive credit risk monitoring process that considers several factors including: current economic conditions affecting the Bank’s customers, the payment performance of individual loans and pools of homogeneous loans, portfolio seasoning, changes in collateral values, and detailed reviews of specific loan relationships. The Company utilizes an internal loan grading system to assign a risk grade to all commercial loans, all renegotiated loans, and each commercial credit relationship. Grades 10 45 50 55 60 50 60 70 90 • Grade 10– • Grade 20– may • Grade 30– may not • Grades 40 45 not • Grades 50 55 may • Grade 60– one 1 2 3 4 not 5 6 7 8 9 10 • Grade 70– one 1 not 2 3 may • Grades 80 90 not The assessment of compensating factors may one not The portfolio segments in each credit risk grade as of June 30, 2019 000s Credit Quality Indicators as of June 30, 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 $ 2 $ 1,719 $ 30 $ 11,847 $ 146,226 $ 36,740 $ 196,564 10 - 3,958 - - - - 3,958 20 - 115 175 - - - 290 30 390 43,254 21,782 - 514 3,196 69,136 40 16,690 106,413 222,376 14,216 75,105 1,380 436,180 45 1,725 1,909 20,073 1,337 2,591 - 27,635 50 3,783 4,769 10,440 - 2,520 - 21,512 55 70 220 2,295 - 661 - 3,246 60 2,019 270 5,168 1,289 2,138 8 10,892 70 - - - - - - - 80 - - - - - - - 90 - - - - - - - Total $ 24,679 $ 162,627 $ 282,339 $ 28,689 $ 229,755 $ 41,324 $ 769,413 Performing $ 22,425 $ 162,290 $ 279,112 $ 27,400 $ 225,961 $ 40,914 $ 758,102 Nonperforming 2,254 337 3,227 1,289 3,794 410 11,311 Total $ 24,679 $ 162,627 $ 282,339 $ 28,689 $ 229,755 $ 41,324 $ 769,413 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 June 30, 2019 December 31, 2018 ( 000s June 30, 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 $ - $ - $ 1,093 $ 1,093 $ 23,586 $ 24,679 $ - Commercial 74 9 113 $ 196 162,431 162,627 20 Commercial Real Estate 168 - 1,572 1,740 280,599 282,339 - Construction Real Estate - - - - 28,689 28,689 - Residential Real Estate 1,802 532 111 2,445 227,310 229,755 - Consumer and Other 19 61 12 92 41,232 41,324 12 Total $ 2,063 $ 602 $ 2,901 $ 5,566 $ 763,847 $ 769,413 $ 32 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 June 30, 2019 December 31, 2018 ( 000s June 30, 2019 December 31, 2018 Agriculture and Agricultural Real Estate $ 2,019 $ 1,624 Commercial 94 106 Commercial Real Estate 3,114 2,907 Construction Real Estate 1,289 5 Residential Real Estate 1,199 912 Consumer and Other 8 12 Total $ 7,723 $ 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 June 30, 2019 June 30, December 31, 2018 ( 000s June 30, 2019 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment for the Three Months Ended Interest Income Recognized in the Three Months Ended Average Recorded Investment for the Six Months Ended Interest Income Recognized in the Six Months Ended With no related allowance recorded: Agriculture and Agricultural Real Estate $ 2,213 $ 2,211 $ - $ 2,364 $ 4 $ 2,413 $ (10 ) Commercial 84 84 - 81 1 86 2 Commercial Real Estate 1,844 2,082 - 1,946 26 2,011 86 Construction Real Estate 1,289 1,289 - 1,299 8 1,302 21 Residential Real Estate 2,758 2,922 - 2,945 40 2,968 72 Consumer and Other 92 93 - 96 2 99 4 With an allowance recorded: Agriculture and Agricultural Real Estate - - - - - - - Commercial 223 226 13 227 3 229 5 Commercial Real Estate 1,607 1,693 275 1,695 2 1,697 7 Construction Real Estate - - - - - - - Residential Real Estate 386 398 67 400 4 402 10 Consumer and Other 298 298 124 301 3 303 6 Total: Agriculture and Agricultural Real Estate $ 2,213 $ 2,211 $ - $ 2,364 $ 4 $ 2,413 $ (10 ) Commercial 307 310 13 308 4 315 7 Commercial Real Estate 3,451 3,775 275 3,641 28 3,708 93 Construction Real Estate 1,289 1,289 - 1,299 8 1,302 21 Residential Real Estate 3,144 3,320 67 3,345 44 3,370 82 Consumer and Other 390 391 124 397 5 402 10 Total $ 10,794 $ 11,296 $ 479 $ 11,354 $ 93 $ 11,510 $ 203 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 June 30, 2018 Interest Income Recognized in the Three Months Ended June 30, 2018 Average Recorded Investment for the Six Months Ended June 30, 2018 Interest Income Recognized in the Six Months Ended June 30, 2018 With no related allowance recorded: Agriculture and Agricultural Real Estate $ 2,388 $ 2,384 $ - $ 878 $ 12 $ 912 $ 23 Commercial - - - - - - - Commercial Real Estate 1,863 1,871 - 1,708 18 1,706 38 Construction Real Estate - - - - - - - Residential Real Estate 3,015 3,174 - 3,986 52 4,103 104 Consumer and Other 58 59 - 81 1 82 3 With an allowance recorded: Agriculture and Agricultural Real Estate 234 234 - 238 3 239 6 Commercial 226 234 142 261 3 264 6 Commercial Real Estate 1,299 1,380 146 2,046 27 2,055 59 Construction Real Estate 32 67 4 1,585 18 1,591 37 Residential Real Estate 306 316 94 655 8 657 15 Consumer and Other 339 339 143 340 3 342 7 Total: Agriculture and Agricultural Real Estate $ 2,622 $ 2,618 $ - $ 1,116 $ 15 $ 1,151 $ 29 Commercial 226 234 142 261 3 264 6 Commercial Real Estate 3,162 3,251 146 3,754 45 3,761 97 Construction Real Estate 32 67 4 1,585 18 1,591 37 Residential Real Estate 3,321 3,490 94 4,641 60 4,760 119 Consumer and Other 397 398 143 421 4 424 10 Total $ 9,760 $ 10,058 $ 529 $ 11,778 $ 145 $ 11,951 $ 298 The Bank may may Loans that have been classified as TDRs during the three six June 30, 2019 June 30, 2018 000s Three months ended Six months ended June 30, 2019 June 30, 2019 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 $ 13 Commercial - - - - - - Commercial Real Estate - - - 1 39 34 Construction Real Estate - - - - - - Residential Real Estate 1 129 129 1 129 129 Consumer and Other - - - 1 15 14 Total 1 $ 129 $ 129 5 $ 260 $ 190 Three months ended Six months ended June 30, 2018 June 30, 2018 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - $ - - $ - $ - Commercial - - - - - - Commercial Real Estate - - - 1 283 282 Construction Real Estate - - - - - - Residential Real Estate 1 22 - 2 172 150 Consumer and Other - - - - - - Total 1 $ 22 $ - 3 $ 455 $ 432 The Bank considers TDRs that become past due under the modified terms as defaulted. The following table shows the loans that became TDRs during the six June 30, 2019 June 30, 2018 six June 30, 2019 June 30, 2018, Six months ended Six months ended June 30, 2019 June 30, 2018 Number of Contracts Recorded Principal Balance Number of Contracts Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - - $ - Commercial - - - - Commercial Real Estate - - - - Construction Real Estate - - - - Residential Real Estate - - - - Consumer and Other - - - - Total - $ - - $ - The Company has allocated $24,000 June 30, 2019. no June 30, 2019 June 30, 2018. |
Note 6 - Investment Securities
Note 6 - Investment Securities | 6 Months Ended |
Jun. 30, 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 June 30, 2019 December 31, 2018 ( 000s Available for Sale June 30, 2019 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value Obligations of U.S. Government Agencies $ 9,995 $ 36 $ - $ 10,031 Mortgage Backed Securities issued by U.S. Government Agencies 68,667 1,004 (27 ) 69,644 Obligations of States and Political Subdivisions 35,492 817 (46 ) 36,263 Corporate Debt Securities 500 2 - 502 $ 114,654 $ 1,859 $ (73 ) $ 116,440 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 June 30, 2019 may Available for Sale Estimated Amortized Market Cost Value Contractual maturity in 1 year or less $ 8,433 $ 8,485 After 1 year through five years 13,817 14,178 After 5 years through 10 years 18,959 19,323 After 10 years 4,778 4,810 Total 45,987 46,796 Mortgage Backed Securities 68,667 69,644 Total $ 114,654 $ 116,440 The investment securities portfolio is evaluated for impairment throughout the year. Impairment is recorded against individual securities, unless the decrease in fair value is attributable to interest rates or the lack of an active market, and Management determines that the Company does not not not may June 30, 2019 December 31, 2018. June 30, 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 Mortgage Backed Securities issued by U.S. Government Agencies 10,120 27 - - 10,120 27 Obligations of States and Political Subdivisions 2,088 17 4,541 29 6,629 46 $ 12,208 $ 44 $ 4,541 $ 29 $ 16,749 $ 73 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 June 30, 2019. June 30, 2019 December 31, 2018, 16 165 |
Note 7 - Fair Value of Financia
Note 7 - Fair Value of Financial Instruments | 6 Months Ended |
Jun. 30, 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 June 30, 2019 December 31, 2018, Total Carrying Estimated June 30, 2019 Value Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and due from banks $ 338,618 $ 338,618 $ - $ - $ 338,618 Time Deposits in Other Banks 100 - - 100 100 Securities - Available for Sale Obligations of U.S. Government Agencies 10,031 - 10,031 - 10,031 MBS issued by U.S. Government Agencies 69,644 - 69,644 - 69,644 Obligations of States and Political Subdivisions 36,263 - 36,263 - 36,263 Corporate Debt Securities 502 - 502 - 502 Equity Securities 7,478 2,105 5,373 - 7,478 Loans, net 761,790 - - 750,607 750,607 Accrued Interest Receivable 3,353 - - 3,353 3,353 Financial Liabilities: Noninterest Bearing Deposits 309,309 309,309 - - 309,309 Interest Bearing Deposits 861,691 - 862,053 - 862,053 Borrowed funds FHLB Advances 10,000 - 10,530 - 10,530 Accrued Interest Payable 76 - - 76 76 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 June 30, 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) June 30, 2019 Impaired loans $ - $ - $ 10,328 Other Real Estate Owned $ - $ - $ 27 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 | 6 Months Ended |
Jun. 30, 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 June 30, December 31, 2019 2018 Commitments to extend credit: Unused portion of commercial lines of credit $ 118,025 $ 116,119 Unused portion of credit card lines of credit 7,032 6,680 Unused portion of home equity lines of credit 37,829 34,621 Standby letters of credit and financial guarantees written 1,216 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) | 6 Months Ended |
Jun. 30, 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) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the three months ended June 30, For the six months ended June 30, 2019 2018 2019 2018 Basic Net income (loss) $ 6,337,000 $ 4,945,000 $ 1,196,000 $ 8,847,000 Average common shares outstanding 23,037,215 22,978,225 23,036,297 22,961,076 Earnings (Loss) per common share - basic $ 0.27 $ 0.22 $ 0.05 $ 0.39 Diluted Net income (loss) $ 6,337,000 $ 4,945,000 $ 1,196,000 $ 8,847,000 Average common shares outstanding 23,037,215 22,978,225 23,036,297 22,961,076 Equity compensation 92,725 122,810 95,188 122,077 Average common shares outstanding - diluted 23,129,940 23,101,035 23,131,485 23,083,153 Earnings per common share - diluted $ 0.27 $ 0.21 $ 0.05 $ 0.38 |
Note 3 - Stock-based Compensa_2
Note 3 - Stock-based Compensation Plan (Tables) | 6 Months Ended |
Jun. 30, 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 (4,167 ) 10.26 SOSARs Outstanding, June 30, 2019 341,046 $ 8.76 SOSARs Exercisable, June 30, 2019 152,212 $ 6.40 |
Note 4 - Loans (Tables)
Note 4 - Loans (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, December 31, 2019 2018 Residential real estate loans $ 229,755 $ 230,008 Commercial and Construction real estate loans 311,028 306,694 Agriculture and agricultural real estate loans 24,679 22,486 Commercial and industrial loans 162,627 162,026 Loans to individuals for household, family, and other personal expenditures 41,324 47,446 Total loans, gross $ 769,413 $ 768,660 Less: Allowance for loan losses 7,623 7,771 Net Loans $ 761,790 $ 760,889 |
Schedule of Non-performing Assets [Table Text Block] | June 30, December 31, 2019 2018 Nonaccrual loans $ 7,723 $ 5,566 Loans 90 days past due and accruing 32 - Restructured loans 3,556 4,495 Total nonperforming loans $ 11,311 $ 10,061 Other real estate owned 27 692 Other assets - - Total nonperforming assets $ 11,338 $ 10,753 Nonperforming assets to total assets 0.85 % 0.80 % Allowance for loan losses to nonperforming loans 67.39 % 77.24 % |
Note 5 - Allowance for Loan L_2
Note 5 - Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 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 June 30, 2019 Beginning Balance $ 240 $ 1,761 $ 3,038 $ 38 $ 1,211 $ 1,215 $ 7,503 Charge-offs - (5 ) - - (17 ) (46 ) (68 ) Recoveries 4 20 24 26 41 73 188 Provision 35 (545 ) (57 ) (37 ) (49 ) 653 - Ending balance $ 279 $ 1,231 $ 3,005 $ 27 $ 1,186 $ 1,895 $ 7,623 Allowance for loan losses: For the six months ended June 30, 2019 Beginning Balance $ 205 $ 1,266 $ 3,012 $ 184 $ 1,218 $ 1,886 $ 7,771 Charge-offs - (257 ) (151 ) - (17 ) (54 ) (479 ) Recoveries 4 47 48 38 116 78 331 Provision 70 175 96 (195 ) (131 ) (15 ) - Ending balance $ 279 $ 1,231 $ 3,005 $ 27 $ 1,186 $ 1,895 $ 7,623 Allowance for loan losses as of June 30, 2019 Ending balance individually evaluated for impairment $ - $ 13 $ 275 $ - $ 67 $ 124 $ 479 Ending balance collectively evaluated for impairment 279 1,218 2,730 27 1,119 1,771 7,144 Ending balance $ 279 $ 1,231 $ 3,005 $ 27 $ 1,186 $ 1,895 $ 7,623 Loans as of June 30, 2019 Ending balance individually evaluated for impairment $ 2,213 $ 307 $ 3,451 $ 1,289 $ 3,144 $ 390 $ 10,794 Ending balance collectively evaluated for impairment 22,466 162,320 278,888 27,400 226,611 40,934 758,619 Ending balance $ 24,679 $ 162,627 $ 282,339 $ 28,689 $ 229,755 $ 41,324 $ 769,413 Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Allowance for loan losses: For the three months ended June 30, 2018 Beginning Balance $ 210 $ 1,397 $ 3,088 $ 461 $ 1,089 $ 1,640 $ 7,885 Charge-offs - - - - (51 ) - (51 ) Recoveries - 16 49 14 31 14 124 Provision 52 36 (188 ) (1 ) 73 28 - Ending balance $ 262 $ 1,449 $ 2,949 $ 474 $ 1,142 $ 1,682 $ 7,958 Allowance for loan losses: For the six months ended June 30, 2018 Beginning Balance $ 195 $ 1,443 $ 3,297 $ 491 $ 1,279 $ 961 $ 7,666 Charge-offs - - (3 ) - (58 ) (2 ) (63 ) Recoveries 2 31 289 34 73 26 455 Provision 65 (25 ) (634 ) (51 ) (152 ) 697 (100 ) Ending balance $ 262 $ 1,449 $ 2,949 $ 474 $ 1,142 $ 1,682 $ 7,958 Allowance for loan losses as of June 30, 2018 Ending balance individually evaluated for impairment $ - $ 141 $ 223 $ 347 $ 128 $ 196 $ 1,035 Ending balance collectively evaluated for impairment 262 1,308 2,726 127 1,014 1,486 6,923 Ending balance $ 262 $ 1,449 $ 2,949 $ 474 $ 1,142 $ 1,682 $ 7,958 Loans as of June 30, 2018 Ending balance individually evaluated for impairment $ 1,133 $ 254 $ 3,732 $ 1,562 $ 4,516 $ 416 $ 11,613 Ending balance collectively evaluated for impairment 21,991 142,659 266,360 21,667 224,736 51,760 729,173 Ending balance $ 23,124 $ 142,913 $ 270,092 $ 23,229 $ 229,252 $ 52,176 $ 740,786 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Agriculture and Agricultural Real Estate Commercial Commercial Real Estate Construction Real Estate Residential Real Estate Consumer and Other Total Not Rated $ 2 $ 1,719 $ 30 $ 11,847 $ 146,226 $ 36,740 $ 196,564 10 - 3,958 - - - - 3,958 20 - 115 175 - - - 290 30 390 43,254 21,782 - 514 3,196 69,136 40 16,690 106,413 222,376 14,216 75,105 1,380 436,180 45 1,725 1,909 20,073 1,337 2,591 - 27,635 50 3,783 4,769 10,440 - 2,520 - 21,512 55 70 220 2,295 - 661 - 3,246 60 2,019 270 5,168 1,289 2,138 8 10,892 70 - - - - - - - 80 - - - - - - - 90 - - - - - - - Total $ 24,679 $ 162,627 $ 282,339 $ 28,689 $ 229,755 $ 41,324 $ 769,413 Performing $ 22,425 $ 162,290 $ 279,112 $ 27,400 $ 225,961 $ 40,914 $ 758,102 Nonperforming 2,254 337 3,227 1,289 3,794 410 11,311 Total $ 24,679 $ 162,627 $ 282,339 $ 28,689 $ 229,755 $ 41,324 $ 769,413 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] | June 30, 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 $ - $ - $ 1,093 $ 1,093 $ 23,586 $ 24,679 $ - Commercial 74 9 113 $ 196 162,431 162,627 20 Commercial Real Estate 168 - 1,572 1,740 280,599 282,339 - Construction Real Estate - - - - 28,689 28,689 - Residential Real Estate 1,802 532 111 2,445 227,310 229,755 - Consumer and Other 19 61 12 92 41,232 41,324 12 Total $ 2,063 $ 602 $ 2,901 $ 5,566 $ 763,847 $ 769,413 $ 32 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] | June 30, 2019 December 31, 2018 Agriculture and Agricultural Real Estate $ 2,019 $ 1,624 Commercial 94 106 Commercial Real Estate 3,114 2,907 Construction Real Estate 1,289 5 Residential Real Estate 1,199 912 Consumer and Other 8 12 Total $ 7,723 $ 5,566 |
Impaired Financing Receivables [Table Text Block] | June 30, 2019 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment for the Three Months Ended Interest Income Recognized in the Three Months Ended Average Recorded Investment for the Six Months Ended Interest Income Recognized in the Six Months Ended With no related allowance recorded: Agriculture and Agricultural Real Estate $ 2,213 $ 2,211 $ - $ 2,364 $ 4 $ 2,413 $ (10 ) Commercial 84 84 - 81 1 86 2 Commercial Real Estate 1,844 2,082 - 1,946 26 2,011 86 Construction Real Estate 1,289 1,289 - 1,299 8 1,302 21 Residential Real Estate 2,758 2,922 - 2,945 40 2,968 72 Consumer and Other 92 93 - 96 2 99 4 With an allowance recorded: Agriculture and Agricultural Real Estate - - - - - - - Commercial 223 226 13 227 3 229 5 Commercial Real Estate 1,607 1,693 275 1,695 2 1,697 7 Construction Real Estate - - - - - - - Residential Real Estate 386 398 67 400 4 402 10 Consumer and Other 298 298 124 301 3 303 6 Total: Agriculture and Agricultural Real Estate $ 2,213 $ 2,211 $ - $ 2,364 $ 4 $ 2,413 $ (10 ) Commercial 307 310 13 308 4 315 7 Commercial Real Estate 3,451 3,775 275 3,641 28 3,708 93 Construction Real Estate 1,289 1,289 - 1,299 8 1,302 21 Residential Real Estate 3,144 3,320 67 3,345 44 3,370 82 Consumer and Other 390 391 124 397 5 402 10 Total $ 10,794 $ 11,296 $ 479 $ 11,354 $ 93 $ 11,510 $ 203 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 June 30, 2018 Interest Income Recognized in the Three Months Ended June 30, 2018 Average Recorded Investment for the Six Months Ended June 30, 2018 Interest Income Recognized in the Six Months Ended June 30, 2018 With no related allowance recorded: Agriculture and Agricultural Real Estate $ 2,388 $ 2,384 $ - $ 878 $ 12 $ 912 $ 23 Commercial - - - - - - - Commercial Real Estate 1,863 1,871 - 1,708 18 1,706 38 Construction Real Estate - - - - - - - Residential Real Estate 3,015 3,174 - 3,986 52 4,103 104 Consumer and Other 58 59 - 81 1 82 3 With an allowance recorded: Agriculture and Agricultural Real Estate 234 234 - 238 3 239 6 Commercial 226 234 142 261 3 264 6 Commercial Real Estate 1,299 1,380 146 2,046 27 2,055 59 Construction Real Estate 32 67 4 1,585 18 1,591 37 Residential Real Estate 306 316 94 655 8 657 15 Consumer and Other 339 339 143 340 3 342 7 Total: Agriculture and Agricultural Real Estate $ 2,622 $ 2,618 $ - $ 1,116 $ 15 $ 1,151 $ 29 Commercial 226 234 142 261 3 264 6 Commercial Real Estate 3,162 3,251 146 3,754 45 3,761 97 Construction Real Estate 32 67 4 1,585 18 1,591 37 Residential Real Estate 3,321 3,490 94 4,641 60 4,760 119 Consumer and Other 397 398 143 421 4 424 10 Total $ 9,760 $ 10,058 $ 529 $ 11,778 $ 145 $ 11,951 $ 298 |
Financing Receivable, Troubled Debt Restructuring [Table Text Block] | Three months ended Six months ended June 30, 2019 June 30, 2019 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 $ 13 Commercial - - - - - - Commercial Real Estate - - - 1 39 34 Construction Real Estate - - - - - - Residential Real Estate 1 129 129 1 129 129 Consumer and Other - - - 1 15 14 Total 1 $ 129 $ 129 5 $ 260 $ 190 Three months ended Six months ended June 30, 2018 June 30, 2018 Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Number of Contracts Pre- Modification Recorded Principal Balance Post- Modification Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - $ - - $ - $ - Commercial - - - - - - Commercial Real Estate - - - 1 283 282 Construction Real Estate - - - - - - Residential Real Estate 1 22 - 2 172 150 Consumer and Other - - - - - - Total 1 $ 22 $ - 3 $ 455 $ 432 |
Troubled Debt Restructurings on Financing Receivables Default [Table Text Block] | Six months ended Six months ended June 30, 2019 June 30, 2018 Number of Contracts Recorded Principal Balance Number of Contracts Recorded Principal Balance Agriculture and Agricultural Real Estate - $ - - $ - Commercial - - - - Commercial Real Estate - - - - Construction Real Estate - - - - Residential Real Estate - - - - Consumer and Other - - - - Total - $ - - $ - |
Note 6 - Investment Securities
Note 6 - Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | Available for Sale June 30, 2019 Gross Gross Estimated Amortized Unrealized Unrealized Market Cost Gains Losses Value Obligations of U.S. Government Agencies $ 9,995 $ 36 $ - $ 10,031 Mortgage Backed Securities issued by U.S. Government Agencies 68,667 1,004 (27 ) 69,644 Obligations of States and Political Subdivisions 35,492 817 (46 ) 36,263 Corporate Debt Securities 500 2 - 502 $ 114,654 $ 1,859 $ (73 ) $ 116,440 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 $ 8,433 $ 8,485 After 1 year through five years 13,817 14,178 After 5 years through 10 years 18,959 19,323 After 10 years 4,778 4,810 Total 45,987 46,796 Mortgage Backed Securities 68,667 69,644 Total $ 114,654 $ 116,440 |
Schedule of Unrealized Loss on Investments [Table Text Block] | June 30, 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 Mortgage Backed Securities issued by U.S. Government Agencies 10,120 27 - - 10,120 27 Obligations of States and Political Subdivisions 2,088 17 4,541 29 6,629 46 $ 12,208 $ 44 $ 4,541 $ 29 $ 16,749 $ 73 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) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Total Carrying Estimated June 30, 2019 Value Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and due from banks $ 338,618 $ 338,618 $ - $ - $ 338,618 Time Deposits in Other Banks 100 - - 100 100 Securities - Available for Sale Obligations of U.S. Government Agencies 10,031 - 10,031 - 10,031 MBS issued by U.S. Government Agencies 69,644 - 69,644 - 69,644 Obligations of States and Political Subdivisions 36,263 - 36,263 - 36,263 Corporate Debt Securities 502 - 502 - 502 Equity Securities 7,478 2,105 5,373 - 7,478 Loans, net 761,790 - - 750,607 750,607 Accrued Interest Receivable 3,353 - - 3,353 3,353 Financial Liabilities: Noninterest Bearing Deposits 309,309 309,309 - - 309,309 Interest Bearing Deposits 861,691 - 862,053 - 862,053 Borrowed funds FHLB Advances 10,000 - 10,530 - 10,530 Accrued Interest Payable 76 - - 76 76 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) June 30, 2019 Impaired loans $ - $ - $ 10,328 Other Real Estate Owned $ - $ - $ 27 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) | 6 Months Ended |
Jun. 30, 2019 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | Contractual Amount June 30, December 31, 2019 2018 Commitments to extend credit: Unused portion of commercial lines of credit $ 118,025 $ 116,119 Unused portion of credit card lines of credit 7,032 6,680 Unused portion of home equity lines of credit 37,829 34,621 Standby letters of credit and financial guarantees written 1,216 1,763 All other off-balance sheet commitments - - |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation and Accounting Policies (Details Textual) | 6 Months Ended | |
Jun. 30, 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 | 6 Months Ended | ||||
Jun. 30, 2019 | Mar. 31, 2019 | Jun. 30, 2018 | Mar. 31, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Net Income (Loss) | $ 6,337 | $ (5,141) | $ 4,945 | $ 3,902 | $ 1,196 | $ 8,847 |
Average common shares outstanding (in shares) | 23,037,215 | 22,978,225 | 23,036,297 | 22,961,076 | ||
Earnings (Loss) per common share - basic (in dollars per share) | $ 0.27 | $ 0.22 | $ 0.05 | $ 0.39 | ||
Net income (loss) | $ 6,337 | $ (5,141) | $ 4,945 | $ 3,902 | $ 1,196 | $ 8,847 |
Equity compensation (in shares) | 92,725 | 122,810 | 95,188 | 122,077 | ||
Average common shares outstanding - diluted (in shares) | 23,129,940 | 23,101,035 | 23,131,485 | 23,083,153 | ||
Earnings per common share - diluted (in dollars per share) | $ 0.27 | $ 0.21 | $ 0.05 | $ 0.38 |
Note 3 - Stock-based Compensa_3
Note 3 - Stock-based Compensation Plan (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | |
Share Price | $ 10.02 | $ 10.02 | ||
Share-based Payment Arrangement, Expense | $ 93,000 | $ 156,000 | $ 186,000 | $ 392,000 |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | 320,000 | $ 320,000 | ||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition | 1 year 62 days | |||
Stock Appreciation Rights (SARs) [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $ 551,000 | $ 551,000 | ||
Shares, Issued, Ending Balance | 54,962 | 54,962 |
Note 3 - Stock-based Compensa_4
Note 3 - Stock-based Compensation Plan - SOSARs Activity (Details) - Stock Appreciation Rights (SARs) [Member] - $ / shares | 6 Months Ended | |
Jun. 30, 2019 | Dec. 31, 2018 | |
SOSARs Outstanding, Balance (in shares) | 347,379 | |
SOSARs Outstanding, Weighted average base price (in dollars per share) | $ 8.76 | $ 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) | (4,167) | |
Forfeited, Weighted average base price (in dollars per share) | $ 10.26 | |
SOSARs Outstanding, Balance (in shares) | 341,046 | |
SOSARs Exercisable, June 30, 2019 (in shares) | 152,212 | |
SOSARs Exercisable, Weighted average base price (in dollars per share) | $ 6.40 |
Note 4 - Loans - Loans Receivab
Note 4 - Loans - Loans Receivable Outstanding (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 |
Loans | $ 769,413 | $ 768,660 | $ 740,786 |
Less: Allowance for loan losses | 7,623 | 7,771 | |
Net Loans | 761,790 | 760,889 | |
Residential Portfolio Segment [Member] | |||
Loans | 229,755 | 230,008 | 229,252 |
Commercial and Construction Real Estate Portfolio Segment [Member] | |||
Loans | 311,028 | 306,694 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Loans | 24,679 | 22,486 | 23,124 |
Commercial and Industrial Portfolio Segment [Member] | |||
Loans | 162,627 | 162,026 | |
Consumer and Other Portfolio Segment [Member] | |||
Loans | $ 41,324 | $ 47,446 | $ 52,176 |
Note 4 - Loans - Nonperforming
Note 4 - Loans - Nonperforming Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 |
Non-accrual loans | $ 7,723 | $ 5,566 | |
Loans 90 days past due and accruing | 32 | ||
Loans | 769,413 | 768,660 | $ 740,786 |
Other real estate owned | 27 | 692 | |
Total nonperforming assets | 1,326,547 | 1,336,891 | |
Nonperforming Financial Instruments [Member] | |||
Non-accrual loans | 7,723 | 5,566 | |
Loans 90 days past due and accruing | 32 | ||
Restructured loans | 3,556 | 4,495 | |
Loans | 11,311 | 10,061 | |
Other real estate owned | 27 | 692 | |
Other assets | |||
Total nonperforming assets | $ 11,338 | $ 10,753 | |
Nonperforming assets to total assets | 0.85% | 0.80% | |
Allowance for loan losses to nonperforming loans | 67.39% | 77.24% |
Note 5 - Allowance for Loan L_3
Note 5 - Allowance for Loan Losses (Details Textual) - USD ($) | Jun. 30, 2019 | Mar. 31, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
Financing Receivable, Allowance for Credit Loss, Ending Balance | $ 7,623,000 | $ 7,503,000 | $ 7,771,000 | $ 7,958,000 | $ 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 | $ 24,000 |
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 | 6 Months Ended | |||||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | |
Balance | $ 7,503 | $ 7,885 | $ 7,771 | $ 7,666 | |||
Charge-offs | (68) | (51) | (479) | (63) | |||
Recoveries | 188 | 124 | 331 | 455 | |||
Provision | (100) | ||||||
Balance | 7,623 | 7,958 | 7,623 | 7,958 | |||
Ending balance individually evaluated for impairment | $ 479 | $ 1,035 | |||||
Ending balance collectively evaluated for impairment | 7,144 | 6,923 | |||||
Ending balance | 7,503 | 7,885 | 7,623 | 7,958 | 7,623 | $ 7,771 | 7,958 |
Ending balance individually evaluated for impairment | 10,794 | 11,613 | |||||
Ending balance collectively evaluated for impairment | 758,619 | 729,173 | |||||
Loans | 769,413 | 768,660 | 740,786 | ||||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||||||
Balance | 240 | 210 | 205 | 195 | |||
Charge-offs | |||||||
Recoveries | 4 | 4 | 2 | ||||
Provision | 35 | 52 | 70 | 65 | |||
Balance | 279 | 262 | 279 | 262 | |||
Ending balance individually evaluated for impairment | |||||||
Ending balance collectively evaluated for impairment | 279 | 262 | |||||
Ending balance | 240 | 210 | 279 | 262 | 279 | 205 | 262 |
Ending balance individually evaluated for impairment | 2,213 | 1,133 | |||||
Ending balance collectively evaluated for impairment | 22,466 | 21,991 | |||||
Loans | 24,679 | 22,486 | 23,124 | ||||
Commercial Portfolio Segment [Member] | |||||||
Balance | 1,761 | 1,397 | 1,266 | 1,443 | |||
Charge-offs | (5) | (257) | |||||
Recoveries | 20 | 16 | 47 | 31 | |||
Provision | (545) | 36 | 175 | (25) | |||
Balance | 1,231 | 1,449 | 1,231 | 1,449 | |||
Ending balance individually evaluated for impairment | 13 | 141 | |||||
Ending balance collectively evaluated for impairment | 1,218 | 1,308 | |||||
Ending balance | 1,761 | 1,397 | 1,231 | 1,449 | 1,231 | 1,266 | 1,449 |
Ending balance individually evaluated for impairment | 307 | 254 | |||||
Ending balance collectively evaluated for impairment | 162,320 | 142,659 | |||||
Loans | 162,627 | 162,026 | 142,913 | ||||
Commercial Real Estate Portfolio Segment [Member] | |||||||
Balance | 3,038 | 3,088 | 3,012 | 3,297 | |||
Charge-offs | (151) | (3) | |||||
Recoveries | 24 | 49 | 48 | 289 | |||
Provision | (57) | (188) | 96 | (634) | |||
Balance | 3,005 | 2,949 | 3,005 | 2,949 | |||
Ending balance individually evaluated for impairment | 275 | 223 | |||||
Ending balance collectively evaluated for impairment | 2,730 | 2,726 | |||||
Ending balance | 3,038 | 3,088 | 3,005 | 2,949 | 3,005 | 3,012 | 2,949 |
Ending balance individually evaluated for impairment | 3,451 | 3,732 | |||||
Ending balance collectively evaluated for impairment | 278,888 | 266,360 | |||||
Loans | 282,339 | 279,294 | 270,092 | ||||
Construction Real Estate Portfolio Segment [Member] | |||||||
Balance | 38 | 461 | 184 | 491 | |||
Charge-offs | |||||||
Recoveries | 26 | 14 | 38 | 34 | |||
Provision | (37) | (1) | (195) | (51) | |||
Balance | 27 | 474 | 27 | 474 | |||
Ending balance individually evaluated for impairment | 347 | ||||||
Ending balance collectively evaluated for impairment | 27 | 127 | |||||
Ending balance | 38 | 461 | 27 | 474 | 27 | 184 | 474 |
Ending balance individually evaluated for impairment | 1,289 | 1,562 | |||||
Ending balance collectively evaluated for impairment | 27,400 | 21,667 | |||||
Loans | 28,689 | 27,400 | 23,229 | ||||
Residential Portfolio Segment [Member] | |||||||
Balance | 1,211 | 1,089 | 1,218 | 1,279 | |||
Charge-offs | (17) | (51) | (17) | (58) | |||
Recoveries | 41 | 31 | 116 | 73 | |||
Provision | (49) | 73 | (131) | (152) | |||
Balance | 1,186 | 1,142 | 1,186 | 1,142 | |||
Ending balance individually evaluated for impairment | 67 | 128 | |||||
Ending balance collectively evaluated for impairment | 1,119 | 1,014 | |||||
Ending balance | 1,211 | 1,089 | 1,186 | 1,142 | 1,186 | 1,218 | 1,142 |
Ending balance individually evaluated for impairment | 3,144 | 4,516 | |||||
Ending balance collectively evaluated for impairment | 226,611 | 224,736 | |||||
Loans | 229,755 | 230,008 | 229,252 | ||||
Consumer and Other Portfolio Segment [Member] | |||||||
Balance | 1,215 | 1,640 | 1,886 | 961 | |||
Charge-offs | (46) | (54) | (2) | ||||
Recoveries | 73 | 14 | 78 | 26 | |||
Provision | 653 | 28 | (15) | 697 | |||
Balance | 1,895 | 1,682 | 1,895 | 1,682 | |||
Ending balance individually evaluated for impairment | 124 | 196 | |||||
Ending balance collectively evaluated for impairment | 1,771 | 1,486 | |||||
Ending balance | $ 1,215 | $ 1,640 | $ 1,895 | $ 1,682 | 1,895 | 1,886 | 1,682 |
Ending balance individually evaluated for impairment | 390 | 416 | |||||
Ending balance collectively evaluated for impairment | 40,934 | 51,760 | |||||
Loans | $ 41,324 | $ 47,446 | $ 52,176 |
Note 5 - Allowance for Loan L_5
Note 5 - Allowance for Loan Losses - Credit Risk by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 |
Loans | $ 769,413 | $ 768,660 | $ 740,786 |
Performing Financial Instruments [Member] | |||
Loans | 758,102 | 758,599 | |
Nonperforming Financial Instruments [Member] | |||
Loans | 11,311 | 10,061 | |
Not Rated [Member] | |||
Loans | 196,564 | 206,016 | |
Risk Grade Rating 1 [Member] | |||
Loans | 3,958 | 6,877 | |
Risk Rating Grade 2 [Member] | |||
Loans | 290 | 377 | |
Risk Grade Rating 3 [Member] | |||
Loans | 69,136 | 77,467 | |
Risk Grade Rating 4 [Member] | |||
Loans | 436,180 | 420,029 | |
Risk Grade Rating 4.5 [Member] | |||
Loans | 27,635 | 26,962 | |
Risk Grade Rating 5 [Member] | |||
Loans | 21,512 | 16,932 | |
Risk Grade Rating 5.5 [Member] | |||
Loans | 3,246 | 3,150 | |
Risk Grade Rating 6 [Member] | |||
Loans | 10,892 | 10,848 | |
Risk Grade Rating 7 [Member] | |||
Loans | |||
Risk Grade Rating 8 [Member] | |||
Loans | 2 | ||
Risk Grade Rating 9 [Member] | |||
Loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Loans | 24,679 | 22,486 | 23,124 |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 22,425 | 20,305 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 2,254 | 2,181 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 2 | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | 64 | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 390 | 481 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 16,690 | 16,038 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 1,725 | 1,472 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 3,783 | 1,852 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 70 | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 2,019 | 2,579 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Loans | |||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans | |||
Commercial Portfolio Segment [Member] | |||
Loans | 162,627 | 162,026 | 142,913 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 162,290 | 161,749 | |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 337 | 277 | |
Commercial Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 1,719 | 3,652 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | 3,958 | 6,877 | |
Commercial Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | 115 | 117 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 43,254 | 47,263 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 106,413 | 97,598 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 1,909 | 2,024 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 4,769 | 3,851 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 220 | 305 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 270 | 339 | |
Commercial Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Loans | |||
Commercial Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Loans | |||
Commercial Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans | |||
Commercial Real Estate Portfolio Segment [Member] | |||
Loans | 282,339 | 279,294 | 270,092 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 279,112 | 276,021 | |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 3,227 | 3,273 | |
Commercial Real Estate Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 30 | 60 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | |||
Commercial Real Estate Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | 175 | 196 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 21,782 | 24,899 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 222,376 | 219,079 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 20,073 | 19,462 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 10,440 | 9,084 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 2,295 | 2,132 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 5,168 | 4,380 | |
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Loans | |||
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Loans | 2 | ||
Commercial Real Estate Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | |||
Loans | 28,689 | 27,400 | 23,229 |
Construction Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 27,400 | 27,368 | |
Construction Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 1,289 | 32 | |
Construction Real Estate Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 11,847 | 12,878 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 14,216 | 11,555 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 1,337 | 1,381 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 249 | ||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 1,289 | 1,337 | |
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Loans | |||
Construction Real Estate Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans | |||
Residential Portfolio Segment [Member] | |||
Loans | 229,755 | 230,008 | 229,252 |
Residential Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 225,961 | 226,119 | |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 3,794 | 3,889 | |
Residential Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 146,226 | 147,167 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | |||
Residential Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | |||
Residential Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 514 | 1,268 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 75,105 | 74,141 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | 2,591 | 2,623 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | 2,520 | 1,896 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | 661 | 713 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 2,138 | 2,200 | |
Residential Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Loans | |||
Residential Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Loans | |||
Residential Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | |||
Loans | 41,324 | 47,446 | $ 52,176 |
Consumer and Other Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans | 40,914 | 47,037 | |
Consumer and Other Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans | 410 | 409 | |
Consumer and Other Portfolio Segment [Member] | Not Rated [Member] | |||
Loans | 36,740 | 42,259 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 1 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Rating Grade 2 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 3 [Member] | |||
Loans | 3,196 | 3,556 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 4 [Member] | |||
Loans | 1,380 | 1,618 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 4.5 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 5 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 5.5 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 6 [Member] | |||
Loans | 8 | 13 | |
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 7 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 8 [Member] | |||
Loans | |||
Consumer and Other Portfolio Segment [Member] | Risk Grade Rating 9 [Member] | |||
Loans |
Note 5 - Allowance for Loan L_6
Note 5 - Allowance for Loan Losses - Past Due Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 |
Past due | $ 5,566 | $ 6,872 | |
Current | 763,847 | 761,788 | |
Loans | 769,413 | 768,660 | $ 740,786 |
Loans 90 days past due and accruing | 32 | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 1,093 | 1,867 | |
Current | 23,586 | 20,619 | |
Loans | 24,679 | 22,486 | 23,124 |
Loans 90 days past due and accruing | |||
Commercial Portfolio Segment [Member] | |||
Past due | 196 | 327 | |
Current | 162,431 | 161,699 | |
Loans | 162,627 | 162,026 | 142,913 |
Loans 90 days past due and accruing | 20 | ||
Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 1,740 | 2,653 | |
Current | 280,599 | 276,641 | |
Loans | 282,339 | 279,294 | 270,092 |
Loans 90 days past due and accruing | |||
Construction Real Estate Portfolio Segment [Member] | |||
Past due | |||
Current | 28,689 | 27,400 | |
Loans | 28,689 | 27,400 | 23,229 |
Loans 90 days past due and accruing | |||
Residential Portfolio Segment [Member] | |||
Past due | 2,445 | 1,933 | |
Current | 227,310 | 228,075 | |
Loans | 229,755 | 230,008 | 229,252 |
Loans 90 days past due and accruing | |||
Consumer and Other Portfolio Segment [Member] | |||
Past due | 92 | 92 | |
Current | 41,232 | 47,354 | |
Loans | 41,324 | 47,446 | $ 52,176 |
Loans 90 days past due and accruing | 12 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | |||
Past due | 2,063 | 2,918 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 632 | ||
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past due | 74 | 186 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 168 | 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 | 1,802 | 1,217 | |
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member] | |||
Past due | 19 | 79 | |
Financial Asset, 60 to 89 Days Past Due [Member] | |||
Past due | 602 | 1,698 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||
Past due | 1,235 | ||
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past due | 9 | 110 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Past due | |||
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 | 532 | 340 | |
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member] | |||
Past due | 61 | 13 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | |||
Past due | 2,901 | 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 | 1,093 | ||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member] | |||
Past due | 113 | 31 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 1,572 | 1,849 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Real Estate Portfolio Segment [Member] | |||
Past due | |||
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | |||
Past due | 111 | 376 | |
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer and Other Portfolio Segment [Member] | |||
Past due | $ 12 |
Note 5 - Allowance for Loan L_7
Note 5 - Allowance for Loan Losses - Non-accrual Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Non-accrual loans | $ 7,723 | $ 5,566 |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | ||
Non-accrual loans | 2,019 | 1,624 |
Commercial Portfolio Segment [Member] | ||
Non-accrual loans | 94 | 106 |
Commercial Real Estate Portfolio Segment [Member] | ||
Non-accrual loans | 3,114 | 2,907 |
Construction Real Estate Portfolio Segment [Member] | ||
Non-accrual loans | 1,289 | 5 |
Residential Portfolio Segment [Member] | ||
Non-accrual loans | 1,199 | 912 |
Consumer and Other Portfolio Segment [Member] | ||
Non-accrual loans | $ 8 | $ 12 |
Note 5 - Allowance for Loan L_8
Note 5 - Allowance for Loan Losses - Impaired Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018 | Dec. 31, 2018 | |
Related allowance | $ 479 | $ 479 | $ 529 | ||
Recorded investment | 10,794 | 10,794 | 9,760 | ||
Unpaid principal balance | 11,296 | 11,296 | 10,058 | ||
Average recorded investment | 11,354 | $ 11,778 | 11,510 | $ 11,951 | |
Interest income recognized | 93 | 145 | 203 | 298 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | |||||
Recorded investment - without allowance | 2,213 | 2,213 | 2,388 | ||
Unpaid principal balance - without allowance | 2,211 | 2,211 | 2,384 | ||
Average recorded investment - without allowance | 2,364 | 878 | 2,413 | 912 | |
Interest expense recognized without allowance | 4 | (10) | |||
Interest income recognized without allowance | 12 | 23 | |||
Recorded investment - with allowance | 234 | ||||
Unpaid principal balance - with allowance | 234 | ||||
Related allowance | |||||
Average recorded investment - with allowance | 238 | 239 | |||
Interest income recognized with allowance | 3 | 6 | |||
Recorded investment | 2,213 | 2,213 | 2,622 | ||
Unpaid principal balance | 2,211 | 2,211 | 2,618 | ||
Average recorded investment | 2,364 | 1,116 | 2,413 | 1,151 | |
Interest expense recognized | 4 | (10) | |||
Interest income recognized | 15 | 29 | |||
Commercial Portfolio Segment [Member] | |||||
Recorded investment - without allowance | 84 | 84 | |||
Unpaid principal balance - without allowance | 84 | 84 | |||
Average recorded investment - without allowance | 81 | 86 | |||
Interest income recognized without allowance | 1 | 2 | |||
Recorded investment - with allowance | 223 | 223 | 226 | ||
Unpaid principal balance - with allowance | 226 | 226 | 234 | ||
Related allowance | 13 | 13 | 142 | ||
Average recorded investment - with allowance | 227 | 261 | 229 | 264 | |
Interest income recognized with allowance | 3 | 3 | 5 | 6 | |
Recorded investment | 307 | 307 | 226 | ||
Unpaid principal balance | 310 | 310 | 234 | ||
Average recorded investment | 308 | 261 | 315 | 264 | |
Interest income recognized | 4 | 3 | 7 | 6 | |
Commercial Real Estate Portfolio Segment [Member] | |||||
Recorded investment - without allowance | 1,844 | 1,844 | 1,863 | ||
Unpaid principal balance - without allowance | 2,082 | 2,082 | 1,871 | ||
Average recorded investment - without allowance | 1,946 | 1,708 | 2,011 | 1,706 | |
Interest income recognized without allowance | 26 | 18 | 86 | 38 | |
Recorded investment - with allowance | 1,607 | 1,607 | 1,299 | ||
Unpaid principal balance - with allowance | 1,693 | 1,693 | 1,380 | ||
Related allowance | 275 | 275 | 146 | ||
Average recorded investment - with allowance | 1,695 | 2,046 | 1,697 | 2,055 | |
Interest income recognized with allowance | 2 | 27 | 7 | 59 | |
Recorded investment | 3,451 | 3,451 | 3,162 | ||
Unpaid principal balance | 3,775 | 3,775 | 3,251 | ||
Average recorded investment | 3,641 | 3,754 | 3,708 | 3,761 | |
Interest income recognized | 28 | 45 | 93 | 97 | |
Construction Real Estate Portfolio Segment [Member] | |||||
Recorded investment - without allowance | 1,289 | 1,289 | |||
Unpaid principal balance - without allowance | 1,289 | 1,289 | |||
Average recorded investment - without allowance | 1,299 | 1,302 | |||
Interest income recognized without allowance | 8 | 21 | |||
Recorded investment - with allowance | 32 | ||||
Unpaid principal balance - with allowance | 67 | ||||
Related allowance | 4 | ||||
Average recorded investment - with allowance | 1,585 | 1,591 | |||
Interest income recognized with allowance | 18 | 37 | |||
Recorded investment | 1,289 | 1,289 | 32 | ||
Unpaid principal balance | 1,289 | 1,289 | 67 | ||
Average recorded investment | 1,299 | 1,585 | 1,302 | 1,591 | |
Interest income recognized | 8 | 18 | 21 | 37 | |
Residential Portfolio Segment [Member] | |||||
Recorded investment - without allowance | 2,758 | 2,758 | 3,015 | ||
Unpaid principal balance - without allowance | 2,922 | 2,922 | 3,174 | ||
Average recorded investment - without allowance | 2,945 | 3,986 | 2,968 | 4,103 | |
Interest income recognized without allowance | 40 | 52 | 72 | 104 | |
Recorded investment - with allowance | 386 | 386 | 306 | ||
Unpaid principal balance - with allowance | 398 | 398 | 316 | ||
Related allowance | 67 | 67 | 94 | ||
Average recorded investment - with allowance | 400 | 655 | 402 | 657 | |
Interest income recognized with allowance | 4 | 8 | 10 | 15 | |
Recorded investment | 3,144 | 3,144 | 3,321 | ||
Unpaid principal balance | 3,320 | 3,320 | 3,490 | ||
Average recorded investment | 3,345 | 4,641 | 3,370 | 4,760 | |
Interest income recognized | 44 | 60 | 82 | 119 | |
Consumer and Other Portfolio Segment [Member] | |||||
Recorded investment - without allowance | 92 | 92 | 58 | ||
Unpaid principal balance - without allowance | 93 | 93 | 59 | ||
Average recorded investment - without allowance | 96 | 81 | 99 | 82 | |
Interest income recognized without allowance | 2 | 1 | 4 | 3 | |
Recorded investment - with allowance | 298 | 298 | 339 | ||
Unpaid principal balance - with allowance | 298 | 298 | 339 | ||
Related allowance | 124 | 124 | 143 | ||
Average recorded investment - with allowance | 301 | 340 | 303 | 342 | |
Interest income recognized with allowance | 3 | 3 | 6 | 7 | |
Recorded investment | 390 | 390 | 397 | ||
Unpaid principal balance | 391 | 391 | $ 398 | ||
Average recorded investment | 397 | 421 | 402 | 424 | |
Interest income recognized | $ 5 | $ 4 | $ 10 | $ 10 |
Note 5 - Allowance for Loan L_9
Note 5 - Allowance for Loan Losses - Troubled Debt Restructurings (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | |
Number of contracts | 1 | 1 | 5 | 3 |
Pre-modification recorded principal balance | $ 129 | $ 22 | $ 260 | $ 455 |
Post-modification recorded principal balance | $ 129 | $ 190 | $ 432 | |
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | ||||
Number of contracts | 2 | |||
Pre-modification recorded principal balance | $ 77 | |||
Post-modification recorded principal balance | $ 13 | |||
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 | ||
Pre-modification recorded principal balance | $ 39 | $ 283 | ||
Post-modification recorded principal balance | $ 34 | $ 282 | ||
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 | 1 | 1 | 2 |
Pre-modification recorded principal balance | $ 129 | $ 22 | $ 129 | $ 172 |
Post-modification recorded principal balance | $ 129 | $ 129 | $ 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) | 6 Months Ended | |
Jun. 30, 2019USD ($) | Jun. 30, 2018USD ($) | |
Number of contracts | ||
Recorded principal balance | ||
Agriculture and Agricultural Real Estate Loans Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Commercial Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Commercial Real Estate Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Construction Real Estate Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Residential Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance | ||
Consumer and Other Portfolio Segment [Member] | ||
Number of contracts | ||
Recorded principal balance |
Note 6 - Investment Securitie_2
Note 6 - Investment Securities (Details Textual) | Jun. 30, 2019 | Dec. 31, 2018 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions, Total | 16 | 165 |
Note 6 - Investment Securitie_3
Note 6 - Investment Securities - Available for Sale Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Available for sale securities, amortized cost | $ 114,654 | $ 413,245 |
Available for sale securities, gross unrealized gains | 1,859 | 810 |
Available for sale securities, gross unrealized losses | (73) | (12,442) |
Securities - Available for Sale | 116,440 | 401,613 |
Available for sale securities, amortized cost | 114,654 | 413,245 |
Available for sale securities, gross unrealized gains | 1,859 | 810 |
Available for sale securities, gross unrealized losses | (73) | (12,442) |
US Treasury and Government [Member] | ||
Available for sale securities, amortized cost | 9,995 | 134,160 |
Available for sale securities, gross unrealized gains | 36 | 1 |
Available for sale securities, gross unrealized losses | (5,926) | |
Securities - Available for Sale | 10,031 | 128,235 |
Available for sale securities, amortized cost | 9,995 | 134,160 |
Available for sale securities, gross unrealized gains | 36 | 1 |
Available for sale securities, gross unrealized losses | (5,926) | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities, amortized cost | 68,667 | 196,224 |
Available for sale securities, gross unrealized gains | 1,004 | 32 |
Available for sale securities, gross unrealized losses | (27) | (5,702) |
Securities - Available for Sale | 69,644 | 190,554 |
Available for sale securities, amortized cost | 68,667 | 196,224 |
Available for sale securities, gross unrealized gains | 1,004 | 32 |
Available for sale securities, gross unrealized losses | (27) | (5,702) |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, amortized cost | 35,492 | 69,309 |
Available for sale securities, gross unrealized gains | 817 | 604 |
Available for sale securities, gross unrealized losses | (46) | (804) |
Securities - Available for Sale | 36,263 | 69,109 |
Available for sale securities, amortized cost | 35,492 | 69,309 |
Available for sale securities, gross unrealized gains | 817 | 604 |
Available for sale securities, gross unrealized losses | (46) | (804) |
Corporate Debt Securities [Member] | ||
Available for sale securities, amortized cost | 500 | 13,552 |
Available for sale securities, gross unrealized gains | 2 | 173 |
Available for sale securities, gross unrealized losses | (10) | |
Securities - Available for Sale | 502 | 13,715 |
Available for sale securities, amortized cost | 500 | 13,552 |
Available for sale securities, gross unrealized gains | 2 | 173 |
Available for sale securities, gross unrealized losses | $ (10) |
Note 6 - Investment Securitie_4
Note 6 - Investment Securities - Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
1 year or less, available for sale amortized cost | $ 8,433 | |
1 year or less, available for sale estimated market value | 8,485 | |
After 1 year through five years, available for sale amortized cost | 13,817 | |
After 1 year through five years, available for sale estimated market value | 14,178 | |
After 5 years through 10 years, available for sale amortized cost | 18,959 | |
After 5 years through 10 years, available for sale estimated market value | 19,323 | |
After 10 years, available for sale amortized cost | 4,778 | |
After 10 years, available for sale estimated market value | 4,810 | |
Total, available for sale amortized cost | 45,987 | |
Total, available for sale estimated market value | 46,796 | |
Mortgage Backed Securities, available for sale amortized cost | 68,667 | |
Mortgage Backed Securities, available for sale estimated market value | 69,644 | |
Total, available for sale amortized cost | 114,654 | $ 413,245 |
Securities - Available for Sale | $ 116,440 | $ 401,613 |
Note 6 - Investment Securitie_5
Note 6 - Investment Securities - Securities in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Jun. 30, 2019 | Dec. 31, 2018 |
Less than 12 months, aggregate fair value | $ 12,208 | $ 56,641 |
Less than 12 months, gross unrealized losses | 44 | 779 |
12 months or longer, aggregate fair value | 4,541 | 289,309 |
12 months or longer, gross unrealized losses | 29 | 11,663 |
Total, aggregate fair value | 16,749 | 345,950 |
Total, gross unrealized losses | 73 | 12,442 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months, aggregate fair value | 10,120 | 19,945 |
Less than 12 months, gross unrealized losses | 27 | 131 |
12 months or longer, aggregate fair value | 165,604 | |
12 months or longer, gross unrealized losses | 5,571 | |
Total, aggregate fair value | 10,120 | 185,549 |
Total, gross unrealized losses | 27 | 5,702 |
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 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months, aggregate fair value | 2,088 | 32,260 |
Less than 12 months, gross unrealized losses | 17 | 573 |
12 months or longer, aggregate fair value | 4,541 | 5,955 |
12 months or longer, gross unrealized losses | 29 | 231 |
Total, aggregate fair value | 6,629 | 38,215 |
Total, gross unrealized losses | $ 46 | 804 |
Corporate Debt Securities [Member] | ||
Less than 12 months, aggregate fair value | 490 | |
Less than 12 months, gross unrealized losses | 10 | |
12 months or longer, aggregate fair value | ||
12 months or longer, gross unrealized losses | ||
Total, aggregate fair value | 490 | |
Total, gross unrealized losses | $ 10 |
Note 7 - Fair Value of Financ_3
Note 7 - Fair Value of Financial Instruments (Details Textual) - USD ($) $ in Thousands | Jun. 30, 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 | Jun. 30, 2019 | Dec. 31, 2018 |
Time Deposits in Other Banks | $ 100 | $ 10,796 |
Securities - Available for Sale | 116,440 | 401,613 |
Securities - Available for Sale | 116,440 | 401,613 |
US Treasury and Government [Member] | ||
Securities - Available for Sale | 10,031 | 128,235 |
Securities - Available for Sale | 10,031 | 128,235 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities - Available for Sale | 69,644 | 190,554 |
Securities - Available for Sale | 69,644 | 190,554 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities - Available for Sale | 36,263 | 69,109 |
Securities - Available for Sale | 36,263 | 69,109 |
Corporate Debt Securities [Member] | ||
Securities - Available for Sale | 502 | 13,715 |
Securities - Available for Sale | 502 | 13,715 |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | ||
Cash and due from banks | 338,618 | 51,842 |
Time Deposits in Other Banks | 100 | 10,796 |
Equity Securities | 7,478 | |
Loans, net | 761,790 | 760,889 |
Accrued Interest Receivable | 3,353 | 4,413 |
Noninterest Bearing Deposits | 309,309 | 297,704 |
Interest Bearing Deposits | 861,691 | 885,206 |
FHLB Advances | 10,000 | 10,000 |
Accrued Interest Payable | 76 | 65 |
Loans Held for Sale | 488 | |
FHLB Advances | 10,000 | 10,000 |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Securities - Available for Sale | 10,031 | 128,235 |
Securities - Available for Sale | 10,031 | 128,235 |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities - Available for Sale | 69,644 | 190,554 |
Securities - Available for Sale | 69,644 | 190,554 |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities - Available for Sale | 36,263 | |
Securities - Available for Sale | 36,263 | |
Securities - Held to Maturity | 69,109 | |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Securities - Available for Sale | 502 | |
Securities - Available for Sale | 502 | |
Securities - Held to Maturity | 13,715 | |
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Securities - Available for Sale | 7,415 | |
Securities - Available for Sale | 7,415 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | ||
Cash and due from banks | 338,618 | 51,842 |
Time Deposits in Other Banks | 100 | 10,548 |
Equity Securities | 7,478 | |
Loans, net | 750,607 | 750,249 |
Accrued Interest Receivable | 3,353 | 4,413 |
Noninterest Bearing Deposits | 309,309 | 297,704 |
Interest Bearing Deposits | 862,053 | 885,886 |
FHLB Advances | 10,530 | 10,042 |
Accrued Interest Payable | 76 | 65 |
Loans Held for Sale | 502 | |
FHLB Advances | 10,530 | 10,042 |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | US Treasury and Government [Member] | ||
Securities - Available for Sale | 10,031 | 128,235 |
Securities - Available for Sale | 10,031 | 128,235 |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities - Available for Sale | 69,644 | 190,554 |
Securities - Available for Sale | 69,644 | 190,554 |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities - Available for Sale | 36,263 | |
Securities - Available for Sale | 36,263 | |
Securities - Held to Maturity | 69,109 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | ||
Securities - Available for Sale | 502 | |
Securities - Available for Sale | 502 | |
Securities - Held to Maturity | 13,715 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Equity Securities [Member] | ||
Securities - Available for Sale | 7,415 | |
Securities - Available for Sale | 7,415 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and due from banks | 338,618 | 51,842 |
Time Deposits in Other Banks | ||
Equity Securities | 2,105 | |
Loans, net | ||
Accrued Interest Receivable | ||
Noninterest Bearing Deposits | 309,309 | 297,704 |
Interest Bearing Deposits | ||
FHLB Advances | ||
Accrued Interest Payable | ||
Loans Held for Sale | ||
FHLB Advances | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US Treasury and Government [Member] | ||
Securities - Available for Sale | ||
Securities - Available for Sale | ||
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] | ||
Securities - Available for Sale | ||
Securities - Available for Sale | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities - Available for Sale | ||
Securities - Available for Sale | ||
Securities - Held to Maturity | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member] | ||
Securities - Available for Sale | ||
Securities - Available for Sale | ||
Securities - Held to Maturity | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | ||
Securities - Available for Sale | 2,042 | |
Securities - Available for Sale | 2,042 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Cash and due from banks | ||
Time Deposits in Other Banks | 10,548 | |
Equity Securities | 5,373 | |
Loans, net | ||
Accrued Interest Receivable | ||
Noninterest Bearing Deposits | ||
Interest Bearing Deposits | 862,053 | 885,886 |
FHLB Advances | 10,530 | |
Accrued Interest Payable | ||
Loans Held for Sale | ||
FHLB Advances | 10,530 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Treasury and Government [Member] | ||
Securities - Available for Sale | 10,031 | 128,235 |
Securities - Available for Sale | 10,031 | 128,235 |
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] | ||
Securities - Available for Sale | 69,644 | 190,554 |
Securities - Available for Sale | 69,644 | 190,554 |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities - Available for Sale | 36,263 | |
Securities - Available for Sale | 36,263 | |
Securities - Held to Maturity | 69,109 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member] | ||
Securities - Available for Sale | 502 | |
Securities - Available for Sale | 502 | |
Securities - Held to Maturity | 13,715 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member] | ||
Securities - Available for Sale | 5,373 | |
Securities - Available for Sale | 5,373 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Cash and due from banks | ||
Time Deposits in Other Banks | 100 | |
Equity Securities | ||
Loans, net | 750,607 | 750,249 |
Accrued Interest Receivable | 3,353 | 4,413 |
Noninterest Bearing Deposits | ||
Interest Bearing Deposits | ||
FHLB Advances | 10,042 | |
Accrued Interest Payable | 76 | 65 |
Loans Held for Sale | 502 | |
FHLB Advances | 10,042 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US Treasury and Government [Member] | ||
Securities - Available for Sale | ||
Securities - Available for Sale | ||
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] | ||
Securities - Available for Sale | ||
Securities - Available for Sale | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Securities - Available for Sale | ||
Securities - Available for Sale | ||
Securities - Held to Maturity | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member] | ||
Securities - Available for Sale | ||
Securities - Available for Sale | ||
Securities - Held to Maturity | ||
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Equity Securities [Member] | ||
Securities - Available for Sale | ||
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 | Jun. 30, 2019 | Dec. 31, 2018 |
Impaired loans | $ 10,794 | $ 9,760 |
Other Real Estate Owned | 27 | 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 | 10,328 | 9,231 |
Other Real Estate Owned | $ 27 | $ 692 |
Note 8 - Financial Instrument_3
Note 8 - Financial Instruments With Off-balance Sheet Risk (Details Textual) | 6 Months Ended |
Jun. 30, 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 | Jun. 30, 2019 | Dec. 31, 2018 |
Commitments to Extend Credit - Commercial Lines of Credit [Member] | ||
Off-balance sheet credit risks | $ 118,025 | $ 116,119 |
Commitments to Extend Credit - Credit Card Lines of Credit [Member] | ||
Off-balance sheet credit risks | 7,032 | 6,680 |
Commitments to Extend Credit - Home Equity Lines of Credit [Member] | ||
Off-balance sheet credit risks | 37,829 | 34,621 |
Standby Letters of Credit and Financial Guarantees [Member] | ||
Off-balance sheet credit risks | 1,216 | 1,763 |
All Other Off-Balance Sheet Commitments [Member] | ||
Off-balance sheet credit risks |