Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2020 | Apr. 30, 2020 | |
Document Information [Line Items] | ||
Entity Registrant Name | Plumas Bancorp | |
Entity Central Index Key | 0001168455 | |
Trading Symbol | plbc | |
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 Interactive Data Current | Yes | |
Entity Common Stock, Shares Outstanding (in shares) | 5,178,532 | |
Entity Shell Company | false | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2020 | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false | |
Title of 12(b) Security | Common Stock, no par value |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Assets | ||
Cash and cash equivalents | $ 58,058 | $ 46,942 |
Investment securities available for sale | 159,247 | 159,320 |
Loans, less allowance for loan losses of $7,804 at March 31, 2020 and $7,243 at December 31, 2019 | 619,487 | 616,036 |
Real estate acquired through foreclosure | 707 | 707 |
Premises and equipment, net | 14,774 | 14,629 |
Bank owned life insurance | 13,275 | 13,184 |
Accrued interest receivable and other assets | 14,023 | 14,373 |
Total assets | 879,571 | 865,191 |
Deposits: | ||
Non-interest bearing | 336,375 | 331,619 |
Interest bearing | 426,511 | 415,705 |
Total deposits | 762,886 | 747,324 |
Repurchase agreements | 8,383 | 16,013 |
Accrued interest payable and other liabilities | 7,765 | 7,039 |
Junior subordinated deferrable interest debentures | 10,310 | 10,310 |
Total liabilities | 789,344 | 780,686 |
Commitments and contingencies (Note 5) | ||
Shareholders’ equity: | ||
Common stock, no par value; 22,500,000 shares authorized; issued and outstanding – 5,176,032 shares at March 31, 2020 and 5,165,760 at December 31, 2019 | 7,425 | 7,312 |
Retained earnings | 78,460 | 75,144 |
Accumulated other comprehensive income, net | 4,342 | 2,049 |
Total shareholders’ equity | 90,227 | 84,505 |
Total liabilities and shareholders’ equity | $ 879,571 | $ 865,191 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Loans, allowance for loan losses | $ 7,804 | $ 7,243 |
Common stock, par value (in dollars per share) | $ 0 | $ 0 |
Common stock, shares authorized (in shares) | 22,500,000 | 22,500,000 |
Common stock, shares issued (in shares) | 5,176,032 | 5,165,760 |
Common stock, shares outsanding (in shares) | 5,176,032 | 5,165,760 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Interest Income: | ||
Interest and fees on loans | $ 8,540 | $ 8,510 |
Interest on investment securities | 952 | 1,137 |
Other | 107 | 179 |
Total interest income | 9,599 | 9,826 |
Interest Expense: | ||
Interest on deposits | 259 | 297 |
Interest on junior subordinated deferrable interest debentures | 116 | 140 |
Other | 3 | 3 |
Total interest expense | 378 | 440 |
Net interest income before provision for loan losses | 9,221 | 9,386 |
Provision for Loan Losses | 750 | 400 |
Net interest income after provision for loan losses | 8,471 | 8,986 |
Non-Interest Income: | ||
Service charges | 705 | 650 |
Interchange revenue | 539 | 513 |
Gain on sale of loans | 464 | 244 |
Other | 517 | 558 |
Total non-interest income | 2,225 | 1,965 |
Salaries and employee benefits | 3,529 | 3,200 |
Occupancy and equipment | 865 | 858 |
Other | 1,742 | 1,626 |
Total non-interest expenses | 6,136 | 5,684 |
Income before provision for income taxes | 4,560 | 5,267 |
Provision for Income Taxes | 1,244 | 1,449 |
Net income | $ 3,316 | $ 3,818 |
Basic earnings per share (in dollars per share) | $ 0.64 | $ 0.74 |
Diluted earnings per share (in dollars per share) | $ 0.63 | $ 0.73 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Net income | $ 3,316 | $ 3,818 |
Other comprehensive income: | ||
Change in net unrealized gain/loss | 3,254 | 2,599 |
Reclassification adjustments for net (gains) losses included in net income | ||
Net unrealized holding gain | 3,254 | 2,599 |
Related tax effect: | ||
Change in net unrealized gain/loss | (961) | (768) |
Reclassification of net gains (losses) included in net income | ||
Income tax effect | (961) | (768) |
Other comprehensive income | 2,293 | 1,831 |
Total comprehensive income | $ 5,609 | $ 5,649 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock Including Additional Paid in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2018 | 5,137,476 | |||
Balance at Dec. 31, 2018 | $ 6,944 | $ 62,005 | $ (2,017) | $ 66,932 |
Net income | 3,818 | 3,818 | ||
Other comprehensive income (loss) | 1,831 | 1,831 | ||
Exercise of stock options and tax effect (in shares) | 13,400 | |||
Exercise of stock options and tax effect | $ 76 | 76 | ||
Stock-based compensation expense | $ 50 | 50 | ||
Balance (in shares) at Mar. 31, 2019 | 5,150,876 | |||
Balance at Mar. 31, 2019 | $ 7,070 | 65,823 | (186) | 72,707 |
Balance (in shares) at Dec. 31, 2019 | 5,165,760 | |||
Balance at Dec. 31, 2019 | $ 7,312 | 75,144 | 2,049 | 84,505 |
Net income | 3,316 | 3,316 | ||
Other comprehensive income (loss) | 2,293 | 2,293 | ||
Exercise of stock options and tax effect (in shares) | 10,272 | |||
Exercise of stock options and tax effect | $ 35 | 35 | ||
Stock-based compensation expense | $ 78 | 78 | ||
Balance (in shares) at Mar. 31, 2020 | 5,176,032 | |||
Balance at Mar. 31, 2020 | $ 7,425 | $ 78,460 | $ 4,342 | $ 90,227 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Cash Flows from Operating Activities: | ||
Net income | $ 3,316,000 | $ 3,818,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for Loan Losses | 750,000 | 400,000 |
Change in deferred loan origination costs/fees, net | (167,000) | (266,000) |
Depreciation and amortization | 348,000 | 355,000 |
Stock-based compensation expense | 78,000 | 50,000 |
Amortization of investment security premiums | 221,000 | 180,000 |
Gain on sale of OREO and other vehicles | 3,000 | (9,000) |
Gain on sale of loans held for sale | (464,000) | (244,000) |
Loans originated for sale | (7,539,000) | (3,711,000) |
Proceeds from loan sales | 10,495,000 | 6,048,000 |
Earnings on bank-owned life insurance | (91,000) | (82,000) |
Increase in accrued interest receivable and other assets | (533,000) | (627,000) |
Increase in accrued interest payable and other liabilities | 726,000 | 994,000 |
Net cash provided by operating activities | 7,143,000 | 6,906,000 |
Cash Flows from Investing Activities: | ||
Proceeds from principal repayments from available-for-sale government-sponsored mortgage-backed securities | 6,822,000 | 4,211,000 |
Proceeds from matured and called available-for-sale securities | 380,000 | |
Purchases of available-for-sale securities | (4,081,000) | (3,500,000) |
Net increase in loans | (6,823,000) | (9,801,000) |
Proceeds from sale of other vehicles | 118,000 | 167,000 |
Purchase of premises and equipment | (410,000) | (202,000) |
Net cash used in investing activities | (3,994,000) | (9,125,000) |
Cash Flows from Financing Activities: | ||
Net increase in demand, interest bearing and savings deposits | 16,028,000 | 6,707,000 |
Net decrease in time deposits | (466,000) | (2,349,000) |
Net decrease in securities sold under agreements to repurchase | (7,630,000) | (4,148,000) |
Proceeds from exercise of stock options | 35,000 | 76,000 |
Net cash provided by financing activities | 7,967,000 | 286,000 |
Increase (decrease) in cash and cash equivalents | 11,116,000 | (1,933,000) |
Cash and Cash Equivalents at Beginning of Year | 46,942,000 | 46,686,000 |
Cash and Cash Equivalents at End of Period | 58,058,000 | 44,753,000 |
Supplemental Disclosure of Cash Flow Information: | ||
Interest expense | 383,000 | 434,000 |
Income taxes | ||
Non-Cash Investing Activities: | ||
Real estate and vehicles acquired through foreclosure | 127,000 | 189,000 |
Non-Cash Financing Activities: | ||
Common stock retired in connection with the exercise of stock options | $ 46,000 |
Note 1 - The Business of Plumas
Note 1 - The Business of Plumas Bancorp | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Nature of Operations [Text Block] | 1. THE BUSINESS OF PLUMAS BANCORP During 2002, one September 26, 2002. September 28, 2005. The Bank operates eleven December 2015 first 2018 |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Consolidation and Basis of Presentation The consolidated financial statements include the accounts of the Company and the consolidated accounts of its wholly-owned subsidiary, Plumas Bank. All significant intercompany balances and transactions have been eliminated. Plumas Statutory Trust I and Trust II are not $352,000 $180,000 The accounting and reporting policies of Plumas Bancorp and subsidiary conform with accounting principles generally accepted in the United States of America and prevailing practices within the banking industry. In the opinion of management, the unaudited condensed consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the Company’s financial position at March 31, 2020 three March 31, 2020 2019 December 31, 2019 The unaudited condensed consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting on Form 10 not 2019 10 three March 31, 2020 may not S egment Information Management has determined that since all of the banking products and services offered by the Company are available in each branch of the Bank, all branches are located within the same economic environment and management does not No 10 Revenue from Contracts with Customers The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic 606, 606” 606, not Most of the Company’s revenue-generating transactions are not 606, not 606 Recently Adopted Accounting Pronouncements In August 2018, No. 2018 13, December 15, 2019, No. 2018 13 not Pending Accounting Pronouncements In June 2016, No. 2016 13, No. 2016 13 1 2 not not No. 2016 13 No. 2016 13 December 15, 2019; December 15, 2018. first No 2016 13 No. 2016 13 On October 16, 2019, No. 2016 13 December 31, 2022, not |
Note 3 - Investment Securities
Note 3 - Investment Securities Available for Sale | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | 3. The amortized cost and estimated fair value of investment securities at March 31, 2020 December 31, 2019 Available-for-Sale March 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Debt securities: U.S. Government-sponsored agencies collateralized by mortgage obligations- residential $ 121,019 $ 4,876 $ - $ 125,895 Obligations of states and political subdivisions 32,064 1,289 (1 ) 33,352 $ 153,083 $ 6,165 $ (1 ) $ 159,247 Unrealized gain on available-for-sale investment securities totaling $6,164,000 $1,822,000 March 31, 2020 No three March 31, 2020 Available-for-Sale December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Debt securities: U.S. Government-sponsored agencies collateralized by mortgage obligations- residential $ 123,940 $ 1,924 $ (186 ) $ 125,678 Obligations of states and political subdivisions 32,470 1,201 (29 ) 33,642 $ 156,410 $ 3,125 $ (215 ) $ 159,320 Unrealized gain on available-for-sale investment securities totaling $2,910,000 $861,000 December 31, 2019 No three March 31, 2019 There were no three March 31, 2020 twelve December 31, 2019 no March 31, 2020 December 31, 2019 Investment securities with unrealized losses at March 31, 2020 December 31, 2019 March 31, 2020 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Debt securities: U.S. Government-sponsored agencies collateralized by mortgage obligations-residential $ - $ - $ - $ - $ - $ - Obligations of states and political subdivisions 998 1 998 1 $ 998 $ 1 $ - $ - $ 998 $ 1 December 31, 2019 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Debt securities: U.S. Government-sponsored agencies collateralized by mortgage obligations-residential $ 10,319 $ 31 $ 19,733 $ 155 $ 30,052 $ 186 Obligations of states and political subdivisions 2,965 29 - - 2,965 29 $ 13,284 $ 60 $ 19,733 $ 155 $ 33,017 $ 215 At March 31, 2020 185 2 twelve 185 98 87 March 31, 2020 not not not March 31, 2020 The amortized cost and estimated fair value of investment securities at March 31, 2020 Amortized Cost Estimated Fair Value Within one year $ - $ - After one year through five years 3,468 3,569 After five years through ten years 5,464 5,629 After ten years 23,132 24,154 Investment securities not due at a single maturity date: Government-sponsored mortgage-backed securities 121,019 125,895 $ 153,083 $ 159,247 Expected maturities will differ from contractual maturities because the issuers of the securities may Investment securities with amortized costs totaling $91,211,000 $83,596,000 $94,906,000 $84,625,000 March 31, 2020 December 31, 2019 |
Note 4 - Loans and the Allowanc
Note 4 - Loans and the Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | 4. Outstanding loans are summarized below, in thousands: March 31, December 31, 2020 2019 Commercial $ 49,246 $ 47,892 Agricultural 76,044 78,785 Real estate – residential 13,820 14,530 Real estate – commercial 332,294 316,986 Real estate – construction and land development 19,674 31,181 Equity lines of credit 35,262 35,471 Auto 92,862 90,310 Other 4,541 4,563 Total loans 623,743 619,718 Deferred loan costs, net 3,548 3,561 Allowance for loan losses (7,804 ) (7,243 ) Total net loans $ 619,487 $ 616,036 Changes in the allowance for loan losses, in thousands, were as follows: March 31, December 31, 2020 2019 Balance, beginning of period $ 7,243 $ 6,958 Provision charged to operations 750 1,500 Losses charged to allowance (268 ) (1,521 ) Recoveries 79 306 Balance, end of period $ 7,804 $ 7,243 The recorded investment in impaired loans totaled $2,247,000 $2,244,000 March 31, 2020 December 31, 2019 $154,000 $538,000 March 31, 2020 $154,000 $539,000 December 31, 2019 no $1,709,000 $1,705,000 March 31, 2020 December 31, 2019 three March 31, 2020 March 31, 2019 $2,256,000 $1,352,000, $15,000 $18,000 three March 31, 2020 2019 No three March 31, 2020 2019 Included in impairied loans are troubled debt restructurings. Section 4013 340 10. 36 2020 April 7, 2020 not 340 10. The Company evaluates loan extensions or modifications not 4013 36 2020 340 10 340 10, The carrying value of troubled debt restructurings at March 31, 2020 December 31, 2019 $1,012,000 $1,016,000, $33,000 March 31, 2020 December 31, 2019 not March 31, 2020 December 31, 2019 There were no three March 31, 2020 March 31, 2019 There were no twelve three March 31, 2020 2019 At March 31, 2020 December 31, 2019 $2,310,000 $2,050,000, $ 33,000 $26,000 three March 31, 2020 2019 no 90 March 31, 2020 December 31, 2019 Salaries and employee benefits totaling $496,000 $598,000 three March 31, 2020 2019 The Company assigns a risk rating to all loans and periodically, but not $100,000 The risk ratings can be grouped into three Special Mention may Substandard not not Doubtful Loans not The following table shows the loan portfolio allocated by management's internal risk ratings at the dates indicated, in thousands: March 31, 2020 Commercial Credit Exposure Credit Risk Profile by Internally Assigned Grade Grade: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Total Pass $ 48,784 $ 73,909 $ 13,553 $ 326,468 $ 19,592 $ 34,688 $ 516,994 Special Mention 415 2,135 - 4,935 - - 7,485 Substandard 47 - 267 891 82 574 1,861 Doubtful - - - - - - - Total $ 49,246 $ 76,044 $ 13,820 $ 332,294 $ 19,674 $ 35,262 $ 526,340 December 31, 2019 Commercial Credit Exposure Credit Risk Profile by Internally Assigned Grade Grade: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Total Pass $ 47,334 $ 76,620 $ 14,253 $ 309,785 $ 31,097 $ 34,855 $ 513,944 Special Mention 478 2,165 - 4,954 - - 7,597 Substandard 80 - 277 2,247 84 616 3,304 Doubtful - - - - - - - Total $ 47,892 $ 78,785 $ 14,530 $ 316,986 $ 31,181 $ 35,471 $ 524,845 Consumer Credit Exposure Consumer Credit Exposure Credit Risk Profile Based on Payment Activity Credit Risk Profile Based on Payment Activity March 31, 2020 December 31, 2019 Auto Other Total Auto Other Total Grade: Performing $ 92,448 $ 4,506 $ 96,954 $ 90,128 $ 4,559 $ 94,687 Non-performing 414 35 449 182 4 186 Total $ 92,862 $ 4,541 $ 97,403 $ 90,310 $ 4,563 $ 94,873 The following tables show the allocation of the allowance for loan losses at the dates indicated, in thousands: Three Months Ended March 31, 2020: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Auto Other Total Allowance for Loan Losses Beginning balance $ 617 $ 653 $ 163 $ 3,426 $ 481 $ 393 $ 1,409 $ 101 $ 7,243 Charge-offs (131 ) - - - - - (134 ) (3 ) (268 ) Recoveries 2 - 1 1 - 1 70 4 79 Provision 226 (31 ) 7 403 (84 ) 28 196 5 750 Ending balance $ 714 $ 622 $ 171 $ 3,830 $ 397 $ 422 $ 1,541 $ 107 $ 7,804 Three Months Ended March 31, 2019: Allowance for Loan Losses Beginning balance $ 914 $ 538 $ 214 $ 2,686 $ 758 $ 464 $ 1,289 $ 95 $ 6,958 Charge-offs (16 ) - - - - - (312 ) (23 ) (351 ) Recoveries 9 - 1 - - 1 47 2 60 Provision (111 ) 4 (20 ) 283 (117 ) (15 ) 360 16 400 Ending balance $ 796 $ 542 $ 195 $ 2,969 $ 641 $ 450 $ 1,384 $ 90 $ 7,067 March 31, 2020: Allowance for Loan Losses Ending balance: individually evaluated for impairment $ - $ - $ 28 $ 121 $ 5 $ - $ - $ - $ 154 Ending balance: collectively evaluated for impairment 714 622 143 3,709 392 422 1,541 107 7,650 Ending balance $ 714 $ 622 $ 171 $ 3,830 $ 397 $ 422 $ 1,541 $ 107 $ 7,804 Loans Ending balance: individually evaluated for impairment $ - $ 247 $ 656 $ 805 $ 109 $ 430 $ - $ - $ 2,247 Ending balance: collectively evaluated for impairment 49,246 75,797 13,164 331,489 19,565 34,832 92,862 4,541 621,496 Ending balance $ 49,246 $ 76,044 $ 13,820 $ 332,294 $ 19,674 $ 35,262 $ 92,862 $ 4,541 $ 623,743 December 31, 2019: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Auto Other Total Allowance for Loan Losses Ending balance: individually evaluated for impairment $ - $ - $ 28 $ 121 $ 5 $ - $ - $ - $ 154 Ending balance: collectively evaluated for impairment 617 653 135 3,305 476 393 1,409 101 7,089 Ending Balance $ 617 $ 653 $ 163 $ 3,426 $ 481 $ 393 $ 1,409 $ 101 $ 7,243 Loans Ending balance: individually evaluated for impairment $ 25 $ 248 $ 612 $ 815 $ 110 $ 434 $ - $ - $ 2,244 Ending balance: collectively evaluated for impairment 47,867 78,537 13,918 316,171 31,071 35,037 90,310 4,563 617,474 Ending balance $ 47,892 $ 78,785 $ 14,530 $ 316,986 $ 31,181 $ 35,471 $ 90,310 $ 4,563 $ 619,718 The following table shows an aging analysis of the loan portfolio by the time past due, in thousands: Total March 31, 2020 90 Days Past Due 30-89 Days and Still and Past Due Accruing Nonaccrual Nonaccrual Current Total Commercial $ 213 $ - $ 47 $ 260 $ 48,986 $ 49,246 Agricultural 130 - - 130 75,914 76,044 Real estate – residential 111 - 267 378 13,442 13,820 Real estate – commercial 828 - 891 1,719 330,575 332,294 Real estate - construction & land - - 82 82 19,592 19,674 Equity Lines of Credit 326 - 574 900 34,362 35,262 Auto 1,275 - 414 1,689 91,173 92,862 Other 40 - 35 75 4,466 4,541 Total $ 2,923 $ - $ 2,310 $ 5,233 $ 618,510 $ 623,743 Total December 31, 2019 90 Days Past Due 30-89 Days and Still and Past Due Accruing Nonaccrual Nonaccrual Current Total Commercial $ 333 $ - $ 58 $ 391 $ 47,501 $ 47,892 Agricultural 199 - - 199 78,586 78,785 Real estate – residential - - 277 277 14,253 14,530 Real estate - commercial 1,467 - 830 2,297 314,689 316,986 Real estate - construction & land - - 83 83 31,098 31,181 Equity Lines of Credit 288 - 616 904 34,567 35,471 Auto 1,281 - 182 1,463 88,847 90,310 Other 87 - 4 91 4,472 4,563 Total $ 3,655 $ - $ 2,050 $ 5,705 $ 614,013 $ 619,718 The following tables show information related to impaired loans at March 31, 2020 Unpaid Average Interest Recorded Principal Related Recorded Income As of March 31, 2020: Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural 247 247 - 248 5 Real estate – residential 479 489 - 480 7 Real estate – commercial 553 611 - 558 - Real estate – construction & land - - - - - Equity Lines of Credit 430 458 - 432 - Auto - - - - - Other - - - - - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural - - - - - Real estate – residential 177 176 28 177 2 Real estate – commercial 252 265 121 252 - Real estate – construction & land 109 109 5 109 1 Equity Lines of Credit - - - - - Auto - - - - - Other - - - - - Total: Commercial $ - $ - $ - $ - $ - Agricultural 247 247 - 248 5 Real estate – residential 656 665 28 657 9 Real estate – commercial 805 876 121 810 0 Real estate – construction & land 109 109 5 109 1 Equity Lines of Credit 430 458 - 432 0 Auto - - - - - Other - - - - - Total $ 2,247 $ 2,355 $ 154 $ 2,256 $ 15 The following tables show information related to impaired loans at December 31, 2019 Unpaid Average Interest Recorded Principal Related Recorded Income As of December 31, 2019: Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ 25 $ 85 $ - $ 23 $ - Agricultural 248 248 - 249 19 Real estate – residential 435 447 - 385 29 Real estate – commercial 563 614 - 476 - Real estate – construction & land - - - - - Equity Lines of Credit 434 457 - 213 - Auto - - - - - Other - - - - - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural - - - - - Real estate – residential 177 177 28 178 7 Real estate – commercial 252 261 121 139 - Real estate – construction & land 110 110 5 114 7 Equity Lines of Credit - - - - - Auto - - - - - Other - - - - - Total: Commercial $ 25 $ 85 $ - $ 23 $ - Agricultural 248 248 - 249 19 Real estate – residential 612 624 28 563 36 Real estate – commercial 815 875 121 615 - Real estate – construction & land 110 110 5 114 7 Equity Lines of Credit 434 457 - 213 - Auto - - - - - Other - - - - - Total $ 2,244 $ 2,399 $ 154 $ 1,777 $ 62 |
Note 5 - Commitments and Contin
Note 5 - Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 5. The Company is party to claims and legal proceedings arising in the ordinary course of business. In the opinion of the Company’s management, the amount of ultimate liability with respect to such proceedings will not In the normal course of business, there are various outstanding commitments to extend credit, which are not $104.5 $111.4 $126 $126 March 31, 2020 December 31, 2019 Of the loan commitments outstanding at March 31, 2020 $7.1 twelve not may Stand-by letters of credit are conditional commitments written to guarantee the performance of a customer to a third not March 31, 2020 December 31, 2019 |
Note 6 - Earnings Per Share
Note 6 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 6. Basic earnings per share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock, such as stock options, result in the issuance of common stock which shares in the earnings of the Company. The treasury stock method has been applied to determine the dilutive effect of stock options in computing diluted earnings per share. For the Three Months Ended March 31, (In thousands, except per share data) 2020 2019 Net Income: Net income $ 3,316 $ 3,818 Earnings Per Share: Basic earnings per share $ 0.64 $ 0.74 Diluted earnings per share $ 0.63 $ 0.73 Weighted Average Number of Shares Outstanding: Basic shares 5,171 5,144 Diluted shares 5,231 5,225 Shares of common stock issuable under stock options for which the exercise prices were greater than the average market prices were not not not 208,000 71,000 three March 31, 2020 2019 |
Note 7 - Stock-based Compensati
Note 7 - Stock-based Compensation | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | 7. In May 2013, 2013 396,835 101,500 March 31, 2020 2013 may not nine not ten During the three March 31, 2019 5,000 No three March 31, 2019. The fair value of each option was estimated on the date of grant using the following assumptions. 2020 Expected life of stock options (in years) 5.1 Risk free interest rate 1.68 % Daily Volatility 26.0 % Dividend yields 1.29 % Weighted-average fair value of options granted during the three months ended March 31, 2020 $ 5.92 The Company determines the fair value of options on the date of grant using a Black-Scholes-Merton option pricing model that uses assumptions based on expected option life, expected stock volatility and the risk-free interest rate. The expected volatility assumptions used by the Company are based on the historical volatility of the Company’s common stock over the most recent period commensurate with the estimated expected life of the Company’s stock options. The Company bases its expected life assumption on its historical experience and on the terms and conditions of the stock options it grants to employees. The risk-free rate is based on the U.S. Treasury yield curve for the periods within the contractual life of the options in effect at the time of the grant. A summary of the activity within the 2013 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term in Years Intrinsic Value Options outstanding at January 1, 2020 302,385 $ 17.73 Options granted 5,000 $ 26.42 Options exercised (12,050 ) 6.68 Options outstanding at March 31, 2020 295,335 $ 18.33 6.0 $ 899,000 Options exercisable at March 31, 2020 122,785 $ 12.89 4.2 $ 899,000 Expected to vest after March 31, 2020 152,897 $ 22.20 7.2 $ - As of March 31, 2020 $768,000 3.2 The total fair value of options vested during the three March 31, 2020 2019 $189,000 $197,000, $235,000 $251,000 three March 31, 2020 2019 Compensation cost related to stock options recognized in operating results under the stock option plans was $78,000 $50,000 three March 31, 2020 2019 $6,000 $3,000 three March 31, 2020 March 31, 2019 Cash received from option exercises under the plans for the three March 31, 2020 2019 $35,000 76,000, $10,000 $0 three March 31, 2020 2019 |
Note 8 - Income Taxes
Note 8 - Income Taxes | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 8. The Company files its income taxes on a consolidated basis with its subsidiary. Income tax expense is the total of current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are recognized for the tax consequences of temporary differences between the reported amount of assets and liabilities and their tax bases. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment. A valuation allowance is recognized if, based on the weight of available evidence management believes it is more likely than not not When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not not not 50 Interest expense and penalties associated with unrecognized tax benefits, if any, are classified as income tax expense in the consolidated statements of income. There have been no three March 31, 2020 |
Note 9 - Fair Value Measurement
Note 9 - Fair Value Measurement | 3 Months Ended |
Mar. 31, 2020 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | 9. The Company measures fair value under the fair value hierarchy described below. Level 1: Level 2: not Level 3: one not may In certain cases, the inputs used to measure fair value may Management monitors the availability of observable market data to assess the appropriate classification of financial instruments within the fair value hierarchy. Changes in economic conditions or model-based valuation techniques may one Management evaluates the significance of transfers between levels based upon the nature of the financial instrument and size of the transfer relative to total assets, total liabilities or total earnings. Fair Value of Financial Instruments The carrying amounts and estimated fair values of financial instruments, at March 31, 2020 Fair Value Measurements at March 31, 2020, Using: Carrying Value Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 58,058 $ 58,058 $ - $ - $ 58,058 Investment securities 159,247 - 159,247 - 159,247 Loans, net 619,487 - - 662,368 662,368 FHLB stock 3,517 - - - N/A Accrued interest receivable 2,995 1 559 2,435 2,995 Financial liabilities: Deposits 762,886 725,158 39,242 - 764,400 Repurchase agreements 8,383 - 8,383 - 8,383 Junior subordinated deferrable interest debentures 10,310 - - 7,080 7,080 Accrued interest payable 91 11 60 20 91 The carrying amounts and estimated fair values of financial instruments, at December 31, 2019 Fair Value Measurements at December 31, 2019 Using: Carrying Value Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 46,942 $ 46,942 $ - $ - $ 46,942 Investment securities 159,320 - 159,320 - 159,320 Loans, net 616,036 - - 626,795 626,795 FHLB stock 3,517 - - - N/A Accrued interest receivable 3,398 15 574 2,809 3,398 Financial liabilities: Deposits 747,324 709,130 38,202 - 747,332 Repurchase agreements 16,013 - 16,013 - 16,013 Junior subordinated deferrable interest debentures 10,310 - - 7,661 7,661 Accrued interest payable 96 13 60 23 96 Because no 3. These estimates do not one not The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring and non-recurring basis as of March 31, 2020 December 31, 2019 Assets and liabilities measured at fair value on a recurring basis at March 31, 2020 Fair Value Measurements at March 31, 2020 Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total Fair Value (Level 1) (Level 2) (Level 3) Assets: U.S. Government-sponsored agencies collateralized by mortgage obligations- residential $ 125,895 $ - $ 125,895 $ - Obligations of states and political subdivisions 33,352 33,352 $ 159,247 $ - $ 159,247 $ - Assets and liabilities measured at fair value on a recurring basis at December 31, 2019 Fair Value Measurements at December 31, 2019 Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total Fair Value (Level 1) (Level 2) (Level 3) Assets: U.S. Government-sponsored agencies collateralized by mortgage obligations- residential $ 125,678 $ - $ 125,678 $ - Obligations of states and political subdivisions 33,642 33,642 $ 159,320 $ - $ 159,320 $ - The fair value of securities available-for-sale equals quoted market price, if available. If quoted market prices are not no 2020 2019 Assets and liabilities measured at fair value on a non-recurring basis at March 31, 2020 Fair Value Measurements at March 31, 2020 Using Quoted Prices in Total Active Significant Losses Markets for Other Significant Three Months Identical Observable Unobservable Ended Assets Inputs Inputs March 31, Total Fair Value (Level 1) (Level 2) (Level 3) 2020 Assets: Impaired loans: Real estate – commercial $ 130 $ - $ - $ 130 $ - Other real estate: Real estate – commercial 347 - - 347 - Construction and land 360 - - 360 - Total other real estate 707 - - 707 - Total $ 837 $ - $ - $ 837 $ - Assets and liabilities measured at fair value on a non-recurring basis at December 31, 2019 Fair Value Measurements at December 31, 2019 Using Quoted Prices in Total Active Significant Losses Markets for Other Significant Three Months Identical Observable Unobservable Ended Assets Inputs Inputs March 31, Total Fair Value (Level 1) (Level 2) (Level 3) 2019 Assets: Impaired loans: Real estate – commercial $ 130 $ - $ - $ 130 $ 61 Other real estate: Real estate – commercial 347 - - 347 - Construction and land 360 - - 360 - Total other real estate 707 - - 707 - Total $ 837 $ - $ - $ 837 $ 61 The Company has no The following methods were used to estimate fair value. Collateral-Dependent Impaired Loans not third 3 $61,000 three March 31, 2019 No three March 31, 2020. Other Real Estate: third 3 Appraisals for both collateral-dependent impaired loans and other real estate are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, a member of the Loan Administration Department reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. On a quarterly basis, the Company compares the actual selling price of similar collateral that has been liquidated to the most recent appraised value for unsold properties to determine what additional adjustment, if any, should be made to the appraisal value to arrive at fair value. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. The following table presents quantitative information about Level 3 March 31, 2020 December 31, 2019 Range Range Fair Value Fair Value Valuation (Weighted Average) (Weighted Average) Description 3/31/2020 12/31/2019 Technique Significant Unobservable Input 3/31/2020 12/31/2019 Impaired Loans: RE – Commercial $ 130 $ 130 Third Party appraisals Management Adjustments to Reflect Current Conditions and Selling Costs 10% (10.0)% 10% (10.0)% Other Real Estate: RE – Commercial $ 347 $ 347 Third Party appraisals Management Adjustments to Reflect Current Conditions and Selling Costs 16% 17% (16.0)% 16% 17% (16.0)% Construction and Land $ 360 $ 360 Third Party appraisals Management Adjustments to Reflect Current Conditions and Selling Costs 10% (10.0)% 10% (10.0)% |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2020 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Consolidation and Basis of Presentation The consolidated financial statements include the accounts of the Company and the consolidated accounts of its wholly-owned subsidiary, Plumas Bank. All significant intercompany balances and transactions have been eliminated. Plumas Statutory Trust I and Trust II are not $352,000 $180,000 The accounting and reporting policies of Plumas Bancorp and subsidiary conform with accounting principles generally accepted in the United States of America and prevailing practices within the banking industry. In the opinion of management, the unaudited condensed consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the Company’s financial position at March 31, 2020 three March 31, 2020 2019 December 31, 2019 The unaudited condensed consolidated financial statements of the Company have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim reporting on Form 10 not 2019 10 three March 31, 2020 may not |
Segment Reporting, Policy [Policy Text Block] | S egment Information Management has determined that since all of the banking products and services offered by the Company are available in each branch of the Bank, all branches are located within the same economic environment and management does not No 10 |
Revenue from Contract with Customer [Policy Text Block] | Revenue from Contracts with Customers The Company records revenue from contracts with customers in accordance with Accounting Standards Codification Topic 606, 606” 606, not Most of the Company’s revenue-generating transactions are not 606, not 606 |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently Adopted Accounting Pronouncements In August 2018, No. 2018 13, December 15, 2019, No. 2018 13 not Pending Accounting Pronouncements In June 2016, No. 2016 13, No. 2016 13 1 2 not not No. 2016 13 No. 2016 13 December 15, 2019; December 15, 2018. first No 2016 13 No. 2016 13 On October 16, 2019, No. 2016 13 December 31, 2022, not |
Note 3 - Investment Securitie_2
Note 3 - Investment Securities Available for Sale (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | Available-for-Sale March 31, 2020 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Debt securities: U.S. Government-sponsored agencies collateralized by mortgage obligations- residential $ 121,019 $ 4,876 $ - $ 125,895 Obligations of states and political subdivisions 32,064 1,289 (1 ) 33,352 $ 153,083 $ 6,165 $ (1 ) $ 159,247 Available-for-Sale December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Debt securities: U.S. Government-sponsored agencies collateralized by mortgage obligations- residential $ 123,940 $ 1,924 $ (186 ) $ 125,678 Obligations of states and political subdivisions 32,470 1,201 (29 ) 33,642 $ 156,410 $ 3,125 $ (215 ) $ 159,320 |
Schedule of Unrealized Loss on Investments [Table Text Block] | March 31, 2020 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Debt securities: U.S. Government-sponsored agencies collateralized by mortgage obligations-residential $ - $ - $ - $ - $ - $ - Obligations of states and political subdivisions 998 1 998 1 $ 998 $ 1 $ - $ - $ 998 $ 1 December 31, 2019 Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Debt securities: U.S. Government-sponsored agencies collateralized by mortgage obligations-residential $ 10,319 $ 31 $ 19,733 $ 155 $ 30,052 $ 186 Obligations of states and political subdivisions 2,965 29 - - 2,965 29 $ 13,284 $ 60 $ 19,733 $ 155 $ 33,017 $ 215 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Amortized Cost Estimated Fair Value Within one year $ - $ - After one year through five years 3,468 3,569 After five years through ten years 5,464 5,629 After ten years 23,132 24,154 Investment securities not due at a single maturity date: Government-sponsored mortgage-backed securities 121,019 125,895 $ 153,083 $ 159,247 |
Note 4 - Loans and the Allowa_2
Note 4 - Loans and the Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | March 31, December 31, 2020 2019 Commercial $ 49,246 $ 47,892 Agricultural 76,044 78,785 Real estate – residential 13,820 14,530 Real estate – commercial 332,294 316,986 Real estate – construction and land development 19,674 31,181 Equity lines of credit 35,262 35,471 Auto 92,862 90,310 Other 4,541 4,563 Total loans 623,743 619,718 Deferred loan costs, net 3,548 3,561 Allowance for loan losses (7,804 ) (7,243 ) Total net loans $ 619,487 $ 616,036 |
Financing Receivable, Allowance for Credit Loss [Table Text Block] | March 31, December 31, 2020 2019 Balance, beginning of period $ 7,243 $ 6,958 Provision charged to operations 750 1,500 Losses charged to allowance (268 ) (1,521 ) Recoveries 79 306 Balance, end of period $ 7,804 $ 7,243 |
Financing Receivable Credit Quality Indicators [Table Text Block] | March 31, 2020 Commercial Credit Exposure Credit Risk Profile by Internally Assigned Grade Grade: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Total Pass $ 48,784 $ 73,909 $ 13,553 $ 326,468 $ 19,592 $ 34,688 $ 516,994 Special Mention 415 2,135 - 4,935 - - 7,485 Substandard 47 - 267 891 82 574 1,861 Doubtful - - - - - - - Total $ 49,246 $ 76,044 $ 13,820 $ 332,294 $ 19,674 $ 35,262 $ 526,340 December 31, 2019 Commercial Credit Exposure Credit Risk Profile by Internally Assigned Grade Grade: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Total Pass $ 47,334 $ 76,620 $ 14,253 $ 309,785 $ 31,097 $ 34,855 $ 513,944 Special Mention 478 2,165 - 4,954 - - 7,597 Substandard 80 - 277 2,247 84 616 3,304 Doubtful - - - - - - - Total $ 47,892 $ 78,785 $ 14,530 $ 316,986 $ 31,181 $ 35,471 $ 524,845 |
Financing Receivable, Current, Allowance for Credit Loss [Table Text Block] | Three Months Ended March 31, 2020: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Auto Other Total Allowance for Loan Losses Beginning balance $ 617 $ 653 $ 163 $ 3,426 $ 481 $ 393 $ 1,409 $ 101 $ 7,243 Charge-offs (131 ) - - - - - (134 ) (3 ) (268 ) Recoveries 2 - 1 1 - 1 70 4 79 Provision 226 (31 ) 7 403 (84 ) 28 196 5 750 Ending balance $ 714 $ 622 $ 171 $ 3,830 $ 397 $ 422 $ 1,541 $ 107 $ 7,804 Three Months Ended March 31, 2019: Allowance for Loan Losses Beginning balance $ 914 $ 538 $ 214 $ 2,686 $ 758 $ 464 $ 1,289 $ 95 $ 6,958 Charge-offs (16 ) - - - - - (312 ) (23 ) (351 ) Recoveries 9 - 1 - - 1 47 2 60 Provision (111 ) 4 (20 ) 283 (117 ) (15 ) 360 16 400 Ending balance $ 796 $ 542 $ 195 $ 2,969 $ 641 $ 450 $ 1,384 $ 90 $ 7,067 March 31, 2020: Allowance for Loan Losses Ending balance: individually evaluated for impairment $ - $ - $ 28 $ 121 $ 5 $ - $ - $ - $ 154 Ending balance: collectively evaluated for impairment 714 622 143 3,709 392 422 1,541 107 7,650 Ending balance $ 714 $ 622 $ 171 $ 3,830 $ 397 $ 422 $ 1,541 $ 107 $ 7,804 Loans Ending balance: individually evaluated for impairment $ - $ 247 $ 656 $ 805 $ 109 $ 430 $ - $ - $ 2,247 Ending balance: collectively evaluated for impairment 49,246 75,797 13,164 331,489 19,565 34,832 92,862 4,541 621,496 Ending balance $ 49,246 $ 76,044 $ 13,820 $ 332,294 $ 19,674 $ 35,262 $ 92,862 $ 4,541 $ 623,743 December 31, 2019: Commercial Agricultural Real Estate-Residential Real Estate-Commercial Real Estate-Construction Equity LOC Auto Other Total Allowance for Loan Losses Ending balance: individually evaluated for impairment $ - $ - $ 28 $ 121 $ 5 $ - $ - $ - $ 154 Ending balance: collectively evaluated for impairment 617 653 135 3,305 476 393 1,409 101 7,089 Ending Balance $ 617 $ 653 $ 163 $ 3,426 $ 481 $ 393 $ 1,409 $ 101 $ 7,243 Loans Ending balance: individually evaluated for impairment $ 25 $ 248 $ 612 $ 815 $ 110 $ 434 $ - $ - $ 2,244 Ending balance: collectively evaluated for impairment 47,867 78,537 13,918 316,171 31,071 35,037 90,310 4,563 617,474 Ending balance $ 47,892 $ 78,785 $ 14,530 $ 316,986 $ 31,181 $ 35,471 $ 90,310 $ 4,563 $ 619,718 |
Financing Receivable, Past Due [Table Text Block] | Total March 31, 2020 90 Days Past Due 30-89 Days and Still and Past Due Accruing Nonaccrual Nonaccrual Current Total Commercial $ 213 $ - $ 47 $ 260 $ 48,986 $ 49,246 Agricultural 130 - - 130 75,914 76,044 Real estate – residential 111 - 267 378 13,442 13,820 Real estate – commercial 828 - 891 1,719 330,575 332,294 Real estate - construction & land - - 82 82 19,592 19,674 Equity Lines of Credit 326 - 574 900 34,362 35,262 Auto 1,275 - 414 1,689 91,173 92,862 Other 40 - 35 75 4,466 4,541 Total $ 2,923 $ - $ 2,310 $ 5,233 $ 618,510 $ 623,743 Total December 31, 2019 90 Days Past Due 30-89 Days and Still and Past Due Accruing Nonaccrual Nonaccrual Current Total Commercial $ 333 $ - $ 58 $ 391 $ 47,501 $ 47,892 Agricultural 199 - - 199 78,586 78,785 Real estate – residential - - 277 277 14,253 14,530 Real estate - commercial 1,467 - 830 2,297 314,689 316,986 Real estate - construction & land - - 83 83 31,098 31,181 Equity Lines of Credit 288 - 616 904 34,567 35,471 Auto 1,281 - 182 1,463 88,847 90,310 Other 87 - 4 91 4,472 4,563 Total $ 3,655 $ - $ 2,050 $ 5,705 $ 614,013 $ 619,718 |
Impaired Financing Receivables [Table Text Block] | Unpaid Average Interest Recorded Principal Related Recorded Income As of March 31, 2020: Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural 247 247 - 248 5 Real estate – residential 479 489 - 480 7 Real estate – commercial 553 611 - 558 - Real estate – construction & land - - - - - Equity Lines of Credit 430 458 - 432 - Auto - - - - - Other - - - - - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural - - - - - Real estate – residential 177 176 28 177 2 Real estate – commercial 252 265 121 252 - Real estate – construction & land 109 109 5 109 1 Equity Lines of Credit - - - - - Auto - - - - - Other - - - - - Total: Commercial $ - $ - $ - $ - $ - Agricultural 247 247 - 248 5 Real estate – residential 656 665 28 657 9 Real estate – commercial 805 876 121 810 0 Real estate – construction & land 109 109 5 109 1 Equity Lines of Credit 430 458 - 432 0 Auto - - - - - Other - - - - - Total $ 2,247 $ 2,355 $ 154 $ 2,256 $ 15 Unpaid Average Interest Recorded Principal Related Recorded Income As of December 31, 2019: Investment Balance Allowance Investment Recognized With no related allowance recorded: Commercial $ 25 $ 85 $ - $ 23 $ - Agricultural 248 248 - 249 19 Real estate – residential 435 447 - 385 29 Real estate – commercial 563 614 - 476 - Real estate – construction & land - - - - - Equity Lines of Credit 434 457 - 213 - Auto - - - - - Other - - - - - With an allowance recorded: Commercial $ - $ - $ - $ - $ - Agricultural - - - - - Real estate – residential 177 177 28 178 7 Real estate – commercial 252 261 121 139 - Real estate – construction & land 110 110 5 114 7 Equity Lines of Credit - - - - - Auto - - - - - Other - - - - - Total: Commercial $ 25 $ 85 $ - $ 23 $ - Agricultural 248 248 - 249 19 Real estate – residential 612 624 28 563 36 Real estate – commercial 815 875 121 615 - Real estate – construction & land 110 110 5 114 7 Equity Lines of Credit 434 457 - 213 - Auto - - - - - Other - - - - - Total $ 2,244 $ 2,399 $ 154 $ 1,777 $ 62 |
Consumer Portfolio Segment [Member] | |
Notes Tables | |
Financing Receivable Credit Quality Indicators [Table Text Block] | Consumer Credit Exposure Consumer Credit Exposure Credit Risk Profile Based on Payment Activity Credit Risk Profile Based on Payment Activity March 31, 2020 December 31, 2019 Auto Other Total Auto Other Total Grade: Performing $ 92,448 $ 4,506 $ 96,954 $ 90,128 $ 4,559 $ 94,687 Non-performing 414 35 449 182 4 186 Total $ 92,862 $ 4,541 $ 97,403 $ 90,310 $ 4,563 $ 94,873 |
Note 6 - Earnings Per Share (Ta
Note 6 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended March 31, (In thousands, except per share data) 2020 2019 Net Income: Net income $ 3,316 $ 3,818 Earnings Per Share: Basic earnings per share $ 0.64 $ 0.74 Diluted earnings per share $ 0.63 $ 0.73 Weighted Average Number of Shares Outstanding: Basic shares 5,171 5,144 Diluted shares 5,231 5,225 |
Note 7 - Stock-based Compensa_2
Note 7 - Stock-based Compensation (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | 2020 Expected life of stock options (in years) 5.1 Risk free interest rate 1.68 % Daily Volatility 26.0 % Dividend yields 1.29 % Weighted-average fair value of options granted during the three months ended March 31, 2020 $ 5.92 |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term in Years Intrinsic Value Options outstanding at January 1, 2020 302,385 $ 17.73 Options granted 5,000 $ 26.42 Options exercised (12,050 ) 6.68 Options outstanding at March 31, 2020 295,335 $ 18.33 6.0 $ 899,000 Options exercisable at March 31, 2020 122,785 $ 12.89 4.2 $ 899,000 Expected to vest after March 31, 2020 152,897 $ 22.20 7.2 $ - |
Note 9 - Fair Value Measureme_2
Note 9 - Fair Value Measurement (Tables) | 3 Months Ended |
Mar. 31, 2020 | |
Notes Tables | |
Fair Value, by Balance Sheet Grouping [Table Text Block] | Fair Value Measurements at March 31, 2020, Using: Carrying Value Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 58,058 $ 58,058 $ - $ - $ 58,058 Investment securities 159,247 - 159,247 - 159,247 Loans, net 619,487 - - 662,368 662,368 FHLB stock 3,517 - - - N/A Accrued interest receivable 2,995 1 559 2,435 2,995 Financial liabilities: Deposits 762,886 725,158 39,242 - 764,400 Repurchase agreements 8,383 - 8,383 - 8,383 Junior subordinated deferrable interest debentures 10,310 - - 7,080 7,080 Accrued interest payable 91 11 60 20 91 Fair Value Measurements at December 31, 2019 Using: Carrying Value Level 1 Level 2 Level 3 Total Fair Value Financial assets: Cash and cash equivalents $ 46,942 $ 46,942 $ - $ - $ 46,942 Investment securities 159,320 - 159,320 - 159,320 Loans, net 616,036 - - 626,795 626,795 FHLB stock 3,517 - - - N/A Accrued interest receivable 3,398 15 574 2,809 3,398 Financial liabilities: Deposits 747,324 709,130 38,202 - 747,332 Repurchase agreements 16,013 - 16,013 - 16,013 Junior subordinated deferrable interest debentures 10,310 - - 7,661 7,661 Accrued interest payable 96 13 60 23 96 |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | Fair Value Measurements at March 31, 2020 Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total Fair Value (Level 1) (Level 2) (Level 3) Assets: U.S. Government-sponsored agencies collateralized by mortgage obligations- residential $ 125,895 $ - $ 125,895 $ - Obligations of states and political subdivisions 33,352 33,352 $ 159,247 $ - $ 159,247 $ - Fair Value Measurements at December 31, 2019 Using Quoted Prices in Active Significant Markets for Other Significant Identical Observable Unobservable Assets Inputs Inputs Total Fair Value (Level 1) (Level 2) (Level 3) Assets: U.S. Government-sponsored agencies collateralized by mortgage obligations- residential $ 125,678 $ - $ 125,678 $ - Obligations of states and political subdivisions 33,642 33,642 $ 159,320 $ - $ 159,320 $ - |
Fair Value Measurements, Nonrecurring [Table Text Block] | Fair Value Measurements at March 31, 2020 Using Quoted Prices in Total Active Significant Losses Markets for Other Significant Three Months Identical Observable Unobservable Ended Assets Inputs Inputs March 31, Total Fair Value (Level 1) (Level 2) (Level 3) 2020 Assets: Impaired loans: Real estate – commercial $ 130 $ - $ - $ 130 $ - Other real estate: Real estate – commercial 347 - - 347 - Construction and land 360 - - 360 - Total other real estate 707 - - 707 - Total $ 837 $ - $ - $ 837 $ - Fair Value Measurements at December 31, 2019 Using Quoted Prices in Total Active Significant Losses Markets for Other Significant Three Months Identical Observable Unobservable Ended Assets Inputs Inputs March 31, Total Fair Value (Level 1) (Level 2) (Level 3) 2019 Assets: Impaired loans: Real estate – commercial $ 130 $ - $ - $ 130 $ 61 Other real estate: Real estate – commercial 347 - - 347 - Construction and land 360 - - 360 - Total other real estate 707 - - 707 - Total $ 837 $ - $ - $ 837 $ 61 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | Range Range Fair Value Fair Value Valuation (Weighted Average) (Weighted Average) Description 3/31/2020 12/31/2019 Technique Significant Unobservable Input 3/31/2020 12/31/2019 Impaired Loans: RE – Commercial $ 130 $ 130 Third Party appraisals Management Adjustments to Reflect Current Conditions and Selling Costs 10% (10.0)% 10% (10.0)% Other Real Estate: RE – Commercial $ 347 $ 347 Third Party appraisals Management Adjustments to Reflect Current Conditions and Selling Costs 16% 17% (16.0)% 16% 17% (16.0)% Construction and Land $ 360 $ 360 Third Party appraisals Management Adjustments to Reflect Current Conditions and Selling Costs 10% (10.0)% 10% (10.0)% |
Note 1 - The Business of Plum_2
Note 1 - The Business of Plumas Bancorp (Details Textual) | Mar. 31, 2020 |
Number of Branches | 11 |
Note 2 - Summary of Significa_2
Note 2 - Summary of Significant Accounting Policies (Details Textual) - Accrued Interest Receivable and Other Assets [Member] | Mar. 31, 2020USD ($) |
Plumas Statutory Trust I [Member] | |
Equity Method Investments | $ 352,000 |
Plumas Statutory Trust II [Member] | |
Equity Method Investments | $ 180,000 |
Note 3 - Investment Securitie_3
Note 3 - Investment Securities Available for Sale (Details Textual) | 3 Months Ended | |||
Mar. 31, 2020USD ($) | Mar. 31, 2019 | Dec. 31, 2019USD ($) | Mar. 31, 0201USD ($) | |
Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain (Loss), before Tax, Total | $ 6,164,000 | $ 2,910,000 | ||
Available-for-sale Securities Income Tax Expense (Benefit) on Accumulated Gross Unrealized Gains Losses | $ 1,822,000 | $ 861,000 | ||
Number of Securities Sold During Period | 0 | 0 | ||
Debt Securities, Held-to-maturity, Total | $ 0 | $ 0 | ||
Number of Investment Securities | 185 | |||
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | 2 | |||
Available-for-sale Debt Securities Pledged to Secure Deposits and Repurchase Agreements Amortized Cost Basis | $ 91,211,000 | 83,596,000 | ||
Debt Securities, Available-for-sale, Restricted | $ 94,906,000 | |||
Collateral Pledged [Member] | ||||
Debt Securities, Available-for-sale, Restricted | $ 84,625,000 | |||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||||
Number of Investment Securities | 98 | |||
US States and Political Subdivisions Debt Securities [Member] | ||||
Number of Investment Securities | 87 |
Note 3 - Investment Securitie_4
Note 3 - Investment Securities Available for Sale - Amortized Cost and Estimated Fair Value of Investment Securities (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Investment securities available for sale, amortized cost | $ 153,083 | $ 156,410 |
Investment securities available for sale, gross unrealized gains | 6,165 | 3,125 |
Investment securities available for sale, gross unrealized losses | (1) | (215) |
Investment securities available for sale, Estimated fair value | 159,247 | 159,320 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Investment securities available for sale, amortized cost | 121,019 | 123,940 |
Investment securities available for sale, gross unrealized gains | 4,876 | 1,924 |
Investment securities available for sale, gross unrealized losses | (186) | |
Investment securities available for sale, Estimated fair value | 125,895 | 125,678 |
US States and Political Subdivisions Debt Securities [Member] | ||
Investment securities available for sale, amortized cost | 32,064 | 32,470 |
Investment securities available for sale, gross unrealized gains | 1,289 | 1,201 |
Investment securities available for sale, gross unrealized losses | (1) | (29) |
Investment securities available for sale, Estimated fair value | $ 33,352 | $ 33,642 |
Note 3 - Investment Securitie_5
Note 3 - Investment Securities Available for Sale - Investment Securities With Unrealized Losses (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Less than 12 months fair value | $ 998 | $ 13,284 |
Less than 12 months unrealized losses | 1 | 60 |
12 months or more fair value | 19,733 | |
12 months or more unrealized losses | 155 | |
Total fair value | 998 | 33,017 |
Total unrealized losses | 1 | 215 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than 12 months fair value | 10,319 | |
Less than 12 months unrealized losses | 31 | |
12 months or more fair value | 19,733 | |
12 months or more unrealized losses | 155 | |
Total fair value | 30,052 | |
Total unrealized losses | 186 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than 12 months fair value | 998 | 2,965 |
Less than 12 months unrealized losses | 1 | 29 |
12 months or more fair value | ||
12 months or more unrealized losses | ||
Total fair value | 998 | 2,965 |
Total unrealized losses | $ 1 | $ 29 |
Note 3 - Investment Securitie_6
Note 3 - Investment Securities Available for Sale - Investment Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Within one year, amortized cost | ||
Within one year, estimated fair value | ||
After one year through five years, amortized cost | 3,468 | |
After one year through five years, estimated fair value | 3,569 | |
After five years through ten years, amortized cost | 5,464 | |
After five years through ten years, estimated fair value | 5,629 | |
After ten years, amortized cost | 23,132 | |
After ten years, estimated fair value | 24,154 | |
Amortized cost | 153,083 | |
Estimated fair value | 159,247 | $ 159,320 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Government-sponsored mortgage-backed securities, amortized cost | 121,019 | |
Government-sponsored mortgage-backed securities, estimated fair value | $ 125,895 |
Note 4 - Loans and the Allowa_3
Note 4 - Loans and the Allowance for Loan Losses (Details Textual) xbrli-pure in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2020USD ($) | Mar. 31, 2019USD ($) | Dec. 31, 2019USD ($) | |
Impaired Financing Receivable, Recorded Investment, Total | $ 2,247,000 | $ 2,244,000 | |
Impaired Financing Receivable, Related Allowance | 154,000 | 154,000 | |
Impaired Financing Receivable, with Related Allowance, Recorded Investment | 538,000 | 539,000 | |
Impaired Financing Receivable, with No Related Allowance, Recorded Investment | 1,709,000 | 1,705,000 | |
Impaired Financing Receivable, Average Recorded Investment, Total | 2,256,000 | $ 1,352,000 | 1,777,000 |
Impaired Financing Receivable, Interest Income, Accrual Method, Total | 15,000 | 18,000 | 62,000 |
Impaired Financing Receivable, Interest Income, Cash Basis Method, Total | 0 | $ 0 | |
Financing Receivable, Troubled Debt Restructuring | 1,012,000 | 1,016,000 | |
Financing Receivable Modifications Related Allowances | 33,000 | 33,000 | |
Financing Receivable, Troubled Debt Restructuring, Commitment to Lend | $ 0 | 0 | |
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | |
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts | 0 | 0 | |
Financing Receivable, Nonaccrual | $ 2,310,000 | $ 2,050,000 | |
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans | $ 33,000 | $ 26,000 | |
Number of Loans, 90 Days Past Due and Still Accruing | 0 | 0 | |
Deferred Loan Origination Costs | $ 496,000 | $ 598,000 |
Note 4 - Loans and the Allowa_4
Note 4 - Loans and the Allowance for Loan Losses - Outstanding Loans (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 | Mar. 31, 2019 | Dec. 31, 2018 |
Loans | $ 623,743 | $ 619,718 | ||
Deferred loan costs, net | 3,548 | 3,561 | ||
Allowance for loan losses | (7,804) | (7,243) | $ (7,067) | $ (6,958) |
Total net loans | 619,487 | 616,036 | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||||
Loans | 49,246 | 47,892 | ||
Allowance for loan losses | (714) | (617) | (796) | (914) |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||||
Loans | 76,044 | 78,785 | ||
Allowance for loan losses | (622) | (653) | (542) | (538) |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Loans | 332,294 | 316,986 | ||
Allowance for loan losses | (3,830) | (3,426) | (2,969) | (2,686) |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||||
Loans | 19,674 | 31,181 | ||
Allowance for loan losses | (397) | (481) | (641) | (758) |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||||
Loans | 13,820 | 14,530 | ||
Allowance for loan losses | (171) | (163) | (195) | (214) |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | ||||
Loans | 35,262 | 35,471 | ||
Allowance for loan losses | (422) | (393) | (450) | (464) |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||||
Loans | 92,862 | 90,310 | ||
Allowance for loan losses | (1,541) | (1,409) | (1,384) | (1,289) |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||||
Loans | 4,541 | 4,563 | ||
Allowance for loan losses | $ (107) | $ (101) | $ (90) | $ (95) |
Note 4 - Loans and the Allowa_5
Note 4 - Loans and the Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | |
Beginning balance | $ 7,243 | $ 6,958 | $ 6,958 |
Provision charged to operations | 750 | 400 | 1,500 |
Losses charged to allowance | (268) | (351) | (1,521) |
Recoveries | 79 | 60 | 306 |
Ending balance | $ 7,804 | $ 7,067 | $ 7,243 |
Note 4 - Loans and the Allowa_6
Note 4 - Loans and the Allowance for Loan Losses - Loan Portfolio Allocated by Internal Risk Ratings (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Loans | $ 623,743 | $ 619,718 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 49,246 | 47,892 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans | 76,044 | 78,785 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans | 332,294 | 316,986 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 19,674 | 31,181 |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans | 13,820 | 14,530 |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | ||
Loans | 35,262 | 35,471 |
Commercial and Residential Portfolio Segments [Member] | ||
Loans | 526,340 | 524,845 |
Pass [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 48,784 | 47,334 |
Pass [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans | 73,909 | 76,620 |
Pass [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans | 326,468 | 309,785 |
Pass [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 19,592 | 31,097 |
Pass [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans | 13,553 | 14,253 |
Pass [Member] | Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | ||
Loans | 34,688 | 34,855 |
Pass [Member] | Commercial and Residential Portfolio Segments [Member] | ||
Loans | 516,994 | 513,944 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 415 | 478 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans | 2,135 | 2,165 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans | 4,935 | 4,954 |
Special Mention [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | ||
Special Mention [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans | ||
Special Mention [Member] | Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | ||
Loans | ||
Special Mention [Member] | Commercial and Residential Portfolio Segments [Member] | ||
Loans | 7,485 | 7,597 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | 47 | 80 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans | ||
Substandard [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans | 891 | 2,247 |
Substandard [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | 82 | 84 |
Substandard [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans | 267 | 277 |
Substandard [Member] | Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | ||
Loans | 574 | 616 |
Substandard [Member] | Commercial and Residential Portfolio Segments [Member] | ||
Loans | 1,861 | 3,304 |
Doubtful [Member] | Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans | ||
Doubtful [Member] | Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans | ||
Doubtful [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans | ||
Doubtful [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans | ||
Doubtful [Member] | Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans | ||
Doubtful [Member] | Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | ||
Loans | ||
Doubtful [Member] | Commercial and Residential Portfolio Segments [Member] | ||
Loans |
Note 4 - Loans and the Allowa_7
Note 4 - Loans and the Allowance for Loan Losses - Credit Risk Profile by Internally Assigned Grade (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Loans | $ 623,743 | $ 619,718 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | ||
Loans | 96,954 | 94,687 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | ||
Loans | 449 | 186 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Loans | 92,862 | 90,310 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Performing Financial Instruments [Member] | ||
Loans | 92,448 | 90,128 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Nonperforming Financial Instruments [Member] | ||
Loans | 414 | 182 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans | 4,541 | 4,563 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Performing Financial Instruments [Member] | ||
Loans | 4,506 | 4,559 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | Nonperforming Financial Instruments [Member] | ||
Loans | 35 | 4 |
Consumer Portfolio Segment [Member] | Residential Portfolio Segment [Member] | ||
Loans | $ 97,403 | |
Consumer Portfolio Segment [Member] | Commercial Portfolio Segment [Member] | ||
Loans | $ 94,873 |
Note 4 - Loans and the Allowa_8
Note 4 - Loans and the Allowance for Loan Losses - Allocation of the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | Mar. 31, 2020 | Dec. 31, 2019 | |
Beginning balance | $ 7,243 | $ 6,958 | $ 6,958 | ||
Charge-offs | (268) | (351) | (1,521) | ||
Recoveries | 79 | 60 | 306 | ||
Provision | 750 | 400 | 1,500 | ||
Ending balance | 7,804 | 7,067 | 7,243 | ||
Allowance for loan losses, individually evaluated for impairment | $ 154 | $ 154 | |||
Allowance for loan losses, collectively evaluated for impairment | 7,650 | 7,089 | |||
Allowance for loan losses | 7,243 | 7,067 | 6,958 | 7,804 | 7,243 |
Loans, individually evaluated for impairment | 2,247 | 2,244 | |||
Loans, collectively evaluated for impairment | 621,496 | 617,474 | |||
Loans | 623,743 | 619,718 | |||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||||
Beginning balance | 617 | 914 | 914 | ||
Charge-offs | (131) | (16) | |||
Recoveries | 2 | 9 | |||
Provision | 226 | (111) | |||
Ending balance | 714 | 796 | 617 | ||
Allowance for loan losses, individually evaluated for impairment | |||||
Allowance for loan losses, collectively evaluated for impairment | 714 | 617 | |||
Allowance for loan losses | 714 | 796 | 914 | 714 | 617 |
Loans, individually evaluated for impairment | 25 | ||||
Loans, collectively evaluated for impairment | 49,246 | 47,867 | |||
Loans | 49,246 | 47,892 | |||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||||
Beginning balance | 653 | 538 | 538 | ||
Charge-offs | |||||
Recoveries | |||||
Provision | (31) | 4 | |||
Ending balance | 622 | 542 | 653 | ||
Allowance for loan losses, individually evaluated for impairment | |||||
Allowance for loan losses, collectively evaluated for impairment | 622 | 653 | |||
Allowance for loan losses | 622 | 542 | 538 | 622 | 653 |
Loans, individually evaluated for impairment | 247 | 248 | |||
Loans, collectively evaluated for impairment | 75,797 | 78,537 | |||
Loans | 76,044 | 78,785 | |||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||||
Beginning balance | 3,426 | 2,686 | 2,686 | ||
Charge-offs | |||||
Recoveries | 1 | ||||
Provision | 403 | 283 | |||
Ending balance | 3,830 | 2,969 | 3,426 | ||
Allowance for loan losses, individually evaluated for impairment | 121 | 121 | |||
Allowance for loan losses, collectively evaluated for impairment | 3,709 | 3,305 | |||
Allowance for loan losses | 3,830 | 2,969 | 2,686 | 3,830 | 3,426 |
Loans, individually evaluated for impairment | 805 | 815 | |||
Loans, collectively evaluated for impairment | 331,489 | 316,171 | |||
Loans | 332,294 | 316,986 | |||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||||
Beginning balance | 481 | 758 | 758 | ||
Charge-offs | |||||
Recoveries | |||||
Provision | (84) | (117) | |||
Ending balance | 397 | 641 | 481 | ||
Allowance for loan losses, individually evaluated for impairment | 5 | 5 | |||
Allowance for loan losses, collectively evaluated for impairment | 392 | 476 | |||
Allowance for loan losses | 397 | 641 | 758 | 397 | 481 |
Loans, individually evaluated for impairment | 109 | 110 | |||
Loans, collectively evaluated for impairment | 19,565 | 31,071 | |||
Loans | 19,674 | 31,181 | |||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||||
Beginning balance | 163 | 214 | 214 | ||
Charge-offs | |||||
Recoveries | 1 | 1 | |||
Provision | 7 | (20) | |||
Ending balance | 171 | 195 | 163 | ||
Allowance for loan losses, individually evaluated for impairment | 28 | 28 | |||
Allowance for loan losses, collectively evaluated for impairment | 143 | 135 | |||
Allowance for loan losses | 171 | 195 | 214 | 171 | 163 |
Loans, individually evaluated for impairment | 656 | 612 | |||
Loans, collectively evaluated for impairment | 13,164 | 13,918 | |||
Loans | 13,820 | 14,530 | |||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||||
Beginning balance | 393 | 464 | 464 | ||
Charge-offs | |||||
Recoveries | 1 | 1 | |||
Provision | 28 | (15) | |||
Ending balance | 422 | 450 | 393 | ||
Allowance for loan losses, individually evaluated for impairment | |||||
Allowance for loan losses, collectively evaluated for impairment | 422 | 393 | |||
Allowance for loan losses | 422 | 450 | 464 | 422 | 393 |
Loans, individually evaluated for impairment | 430 | 434 | |||
Loans, collectively evaluated for impairment | 34,832 | 35,037 | |||
Loans | 35,262 | 35,471 | |||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||||
Beginning balance | 1,409 | 1,289 | 1,289 | ||
Charge-offs | (134) | (312) | |||
Recoveries | 70 | 47 | |||
Provision | 196 | 360 | |||
Ending balance | 1,541 | 1,384 | 1,409 | ||
Allowance for loan losses, individually evaluated for impairment | |||||
Allowance for loan losses, collectively evaluated for impairment | 1,541 | 1,409 | |||
Allowance for loan losses | 1,541 | 1,384 | 1,289 | 1,541 | 1,409 |
Loans, individually evaluated for impairment | |||||
Loans, collectively evaluated for impairment | 92,862 | 90,310 | |||
Loans | 92,862 | 90,310 | |||
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||||
Beginning balance | 101 | 95 | 95 | ||
Charge-offs | (3) | (23) | |||
Recoveries | 4 | 2 | |||
Provision | 5 | 16 | |||
Ending balance | 107 | 90 | 101 | ||
Allowance for loan losses, individually evaluated for impairment | |||||
Allowance for loan losses, collectively evaluated for impairment | 107 | 101 | |||
Allowance for loan losses | $ 107 | $ 90 | $ 95 | 107 | 101 |
Loans, individually evaluated for impairment | |||||
Loans, collectively evaluated for impairment | 4,541 | 4,563 | |||
Loans | $ 4,541 | $ 4,563 |
Note 4 - Loans and the Allowa_9
Note 4 - Loans and the Allowance for Loan Losses - Aging Analysis of the Loan Portfolio (Details) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 |
Loans, past due | $ 5,233,000 | $ 5,705,000 |
Loans, 90 days past due and still accruing | ||
Financing Receivable, Nonaccrual | 2,310,000 | 2,050,000 |
Loans, current | 618,510,000 | 614,013,000 |
Loans | 623,743,000 | 619,718,000 |
Loans, 90 days past due and still accruing | ||
Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans, past due | 2,923,000 | 3,655,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | ||
Loans, past due | 260,000 | 391,000 |
Loans, 90 days past due and still accruing | ||
Financing Receivable, Nonaccrual | 47,000 | 58,000 |
Loans, current | 48,986,000 | 47,501,000 |
Loans | 49,246,000 | 47,892,000 |
Loans, 90 days past due and still accruing | ||
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans, past due | 213,000 | 333,000 |
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | ||
Loans, past due | 130,000 | 199,000 |
Loans, 90 days past due and still accruing | ||
Financing Receivable, Nonaccrual | ||
Loans, current | 75,914,000 | 78,586,000 |
Loans | 76,044,000 | 78,785,000 |
Loans, 90 days past due and still accruing | ||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans, past due | 130,000 | 199,000 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans, past due | 1,719,000 | 2,297,000 |
Loans, 90 days past due and still accruing | ||
Financing Receivable, Nonaccrual | 891,000 | 830,000 |
Loans, current | 330,575,000 | 314,689,000 |
Loans | 332,294,000 | 316,986,000 |
Loans, 90 days past due and still accruing | ||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans, past due | 828,000 | 1,467,000 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Loans, past due | 82,000 | 83,000 |
Loans, 90 days past due and still accruing | ||
Financing Receivable, Nonaccrual | 82,000 | 83,000 |
Loans, current | 19,592,000 | 31,098,000 |
Loans | 19,674,000 | 31,181,000 |
Loans, 90 days past due and still accruing | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans, past due | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Loans, past due | 378,000 | 277,000 |
Loans, 90 days past due and still accruing | ||
Financing Receivable, Nonaccrual | 267,000 | 277,000 |
Loans, current | 13,442,000 | 14,253,000 |
Loans | 13,820,000 | 14,530,000 |
Loans, 90 days past due and still accruing | ||
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans, past due | 111,000 | |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | ||
Loans, past due | 900,000 | 904,000 |
Loans, 90 days past due and still accruing | ||
Financing Receivable, Nonaccrual | 574,000 | 616,000 |
Loans, current | 34,362,000 | 34,567,000 |
Loans | 35,262,000 | 35,471,000 |
Loans, 90 days past due and still accruing | ||
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans, past due | 326,000 | 288,000 |
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | ||
Loans, past due | 1,689,000 | 1,463,000 |
Loans, 90 days past due and still accruing | ||
Financing Receivable, Nonaccrual | 414,000 | 182,000 |
Loans, current | 91,173,000 | 88,847,000 |
Loans | 92,862,000 | 90,310,000 |
Loans, 90 days past due and still accruing | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans, past due | 1,275,000 | 1,281,000 |
Consumer Portfolio Segment [Member] | Other Loans [Member] | ||
Loans, past due | 75,000 | 91,000 |
Loans, 90 days past due and still accruing | ||
Financing Receivable, Nonaccrual | 35,000 | 4,000 |
Loans, current | 4,466,000 | 4,472,000 |
Loans | 4,541,000 | 4,563,000 |
Loans, 90 days past due and still accruing | ||
Consumer Portfolio Segment [Member] | Other Loans [Member] | Financing Receivables 30 to 89 Days Past Due [Member] | ||
Loans, past due | $ 40,000 | $ 87,000 |
Note 4 - Loans and the Allow_10
Note 4 - Loans and the Allowance for Loan Losses - Impaired Loans (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | |
Recorded investment with no related allowance recorded | $ 1,709,000 | $ 1,705,000 | |
Recorded investment with an allowance | 538,000 | 539,000 | |
Impaired Financing Receivable, Related Allowance | 154,000 | 154,000 | |
Recorded investment | 2,247,000 | 2,244,000 | |
Unpaid principal balance | 2,355,000 | 2,399,000 | |
Average recorded investment | 2,256,000 | $ 1,352,000 | 1,777,000 |
Interest income recognized | 15,000 | $ 18,000 | 62,000 |
Commercial Portfolio Segment [Member] | Commercial Loans [Member] | |||
Recorded investment with no related allowance recorded | 25,000 | ||
Unpaid principal balance with no related allowance recorded | 85,000 | ||
Average recorded investment with no related allowance recorded | 23,000 | ||
Interest income recognized with no related allowance recorded | |||
Recorded investment with an allowance | |||
Unpaid principal balance with allowance | |||
Impaired Financing Receivable, Related Allowance | |||
Average recorded investment with an allowance | |||
Interest income recognized with an allowance | |||
Recorded investment | 25,000 | ||
Unpaid principal balance | 85,000 | ||
Average recorded investment | 23,000 | ||
Interest income recognized | |||
Commercial Portfolio Segment [Member] | Agricultural Loans [Member] | |||
Recorded investment with no related allowance recorded | 247,000 | 248,000 | |
Unpaid principal balance with no related allowance recorded | 247,000 | 248,000 | |
Average recorded investment with no related allowance recorded | 248,000 | 249,000 | |
Interest income recognized with no related allowance recorded | 5,000 | 19,000 | |
Recorded investment with an allowance | |||
Unpaid principal balance with allowance | |||
Impaired Financing Receivable, Related Allowance | |||
Average recorded investment with an allowance | |||
Interest income recognized with an allowance | |||
Recorded investment | 247,000 | 248,000 | |
Unpaid principal balance | 247,000 | 248,000 | |
Average recorded investment | 248,000 | 249,000 | |
Interest income recognized | 5,000 | 19,000 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Recorded investment with no related allowance recorded | 553,000 | 563,000 | |
Unpaid principal balance with no related allowance recorded | 611,000 | 614,000 | |
Average recorded investment with no related allowance recorded | 558,000 | 476,000 | |
Interest income recognized with no related allowance recorded | |||
Recorded investment with an allowance | 252,000 | 252,000 | |
Unpaid principal balance with allowance | 265,000 | 261,000 | |
Impaired Financing Receivable, Related Allowance | 121,000 | 121,000 | |
Average recorded investment with an allowance | 252,000 | 139,000 | |
Interest income recognized with an allowance | |||
Recorded investment | 805,000 | 815,000 | |
Unpaid principal balance | 876,000 | 875,000 | |
Average recorded investment | 810,000 | 615,000 | |
Interest income recognized | 0 | ||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Recorded investment with no related allowance recorded | |||
Unpaid principal balance with no related allowance recorded | |||
Average recorded investment with no related allowance recorded | |||
Interest income recognized with no related allowance recorded | |||
Recorded investment with an allowance | 109,000 | 110,000 | |
Unpaid principal balance with allowance | 109,000 | 110,000 | |
Impaired Financing Receivable, Related Allowance | 5,000 | 5,000 | |
Average recorded investment with an allowance | 109,000 | 114,000 | |
Interest income recognized with an allowance | 1,000 | 7,000 | |
Recorded investment | 109,000 | 110,000 | |
Unpaid principal balance | 109,000 | 110,000 | |
Average recorded investment | 109,000 | 114,000 | |
Interest income recognized | 1,000 | 7,000 | |
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Recorded investment with no related allowance recorded | 479,000 | 435,000 | |
Unpaid principal balance with no related allowance recorded | 489,000 | 447,000 | |
Average recorded investment with no related allowance recorded | 480,000 | 385,000 | |
Interest income recognized with no related allowance recorded | 7,000 | 29,000 | |
Recorded investment with an allowance | 177,000 | 177,000 | |
Unpaid principal balance with allowance | 176,000 | 177,000 | |
Impaired Financing Receivable, Related Allowance | 28,000 | 28,000 | |
Average recorded investment with an allowance | 177,000 | 178,000 | |
Interest income recognized with an allowance | 2,000 | 7,000 | |
Recorded investment | 656,000 | 612,000 | |
Unpaid principal balance | 665,000 | 624,000 | |
Average recorded investment | 657,000 | 563,000 | |
Interest income recognized | 9,000 | 36,000 | |
Residential Portfolio Segment [Member] | Equity Lines of Credit [Member] | |||
Recorded investment with no related allowance recorded | 430,000 | 434,000 | |
Unpaid principal balance with no related allowance recorded | 458,000 | 457,000 | |
Average recorded investment with no related allowance recorded | 432,000 | 213,000 | |
Interest income recognized with no related allowance recorded | |||
Recorded investment with an allowance | |||
Unpaid principal balance with allowance | |||
Impaired Financing Receivable, Related Allowance | |||
Average recorded investment with an allowance | |||
Interest income recognized with an allowance | |||
Recorded investment | 430,000 | 434,000 | |
Unpaid principal balance | 458,000 | 457,000 | |
Average recorded investment | 432,000 | 213,000 | |
Interest income recognized | 0 | ||
Consumer Portfolio Segment [Member] | Automobile Loan [Member] | |||
Recorded investment with no related allowance recorded | |||
Unpaid principal balance with no related allowance recorded | |||
Average recorded investment with no related allowance recorded | |||
Interest income recognized with no related allowance recorded | |||
Recorded investment with an allowance | |||
Unpaid principal balance with allowance | |||
Impaired Financing Receivable, Related Allowance | |||
Average recorded investment with an allowance | |||
Interest income recognized with an allowance | |||
Recorded investment | |||
Unpaid principal balance | |||
Average recorded investment | |||
Interest income recognized | |||
Consumer Portfolio Segment [Member] | Other Loans [Member] | |||
Recorded investment with no related allowance recorded | |||
Unpaid principal balance with no related allowance recorded | |||
Average recorded investment with no related allowance recorded | |||
Interest income recognized with no related allowance recorded | |||
Recorded investment with an allowance | |||
Unpaid principal balance with allowance | |||
Impaired Financing Receivable, Related Allowance | |||
Average recorded investment with an allowance | |||
Interest income recognized with an allowance | |||
Recorded investment | |||
Unpaid principal balance | |||
Average recorded investment | |||
Interest income recognized |
Note 5 - Commitments and Cont_2
Note 5 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Unused Commitments to Extend Credit | $ 104,500 | $ 111,400 |
Construction Loan Payable [Member] | ||
Unused Commitments to Extend Credit | 7,100 | |
Standby Letters of Credit [Member] | ||
Unused Commitments to Extend Credit | $ 126 | $ 126 |
Note 6 - Earnings Per Share (De
Note 6 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 208,000 | |
Share-based Payment Arrangement, Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 71,000 |
Note 6 - Earnings Per Share - C
Note 6 - Earnings Per Share - Calculation of Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Net income | $ 3,316 | $ 3,818 |
Basic earnings per share (in dollars per share) | $ 0.64 | $ 0.74 |
Diluted earnings per share (in dollars per share) | $ 0.63 | $ 0.73 |
Basic shares (in shares) | 5,171 | 5,144 |
Diluted shares (in shares) | 5,231 | 5,225 |
Note 7 - Stock-based Compensa_3
Note 7 - Stock-based Compensation (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Share-based Payment Arrangement, Expense | $ 78,000 | $ 50,000 |
Share-based Payment Arrangement, Expense, Tax Benefit | 6,000 | 3,000 |
Proceeds from Stock Options Exercised | 35,000 | 76,000 |
Share-based Payment Arrangement, Exercise of Option, Tax Benefit | $ 10,000 | $ 0 |
Stock Option Plan 2013 [Member] | ||
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 396,835 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 101,500 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 5,000 | 0 |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 768,000 | |
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 3 years 73 days | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | $ 189,000 | $ 197,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 235,000 | $ 251,000 |
Stock Option Plan 2013 [Member] | Share-based Payment Arrangement, Option [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years |
Note 7 - Stock-based Compensa_4
Note 7 - Stock-based Compensation - Weighted Average Fair Value Assumptions (Details) | 3 Months Ended |
Mar. 31, 2020$ / shares | |
Daily Volatility | 26.00% |
Weighted-average fair value of options granted during the three months ended March 31, 2020 (in dollars per share) | $ 5.92 |
Share-based Payment Arrangement, Option [Member] | |
Expected life of stock options (Year) | 5 years 36 days |
Risk free interest rate | 1.68% |
Dividend yields | 1.29% |
Note 7 - Stock-based Compensa_5
Note 7 - Stock-based Compensation - Stock Option Activity (Details) - Stock Option Plan 2013 [Member] - USD ($) | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Options outstanding, shares (in shares) | 302,385 | |
Options outstanding, weighted average exercise price (in dollars per share) | $ 17.73 | |
Options granted, shares (in shares) | 5,000 | 0 |
Options granted, weighted average exercise price (in dollars per share) | $ 26.42 | |
Options exercised, shares (in shares) | (12,050) | |
Options exercised, weighted average exercise price (in dollars per share) | $ 6.68 | |
Options outstanding, shares (in shares) | 295,335 | |
Options outstanding, weighted average exercise price (in dollars per share) | $ 18.33 | |
Options outstanding, weighted average remaining contractual term (Year) | 6 years | |
Options outstanding, intrinsic value | $ 899,000 | |
Options exercisable, shares (in shares) | 122,785 | |
Options exercisable, weighted average exercise price (in dollars per share) | $ 12.89 | |
Options exercisable, weighted average remaining contractual term (Year) | 4 years 73 days | |
Options exercisable, intrinsic value | $ 899,000 | |
Expected to vest, shares (in shares) | 152,897 | |
Expected to vest, weighted average exercise price (in dollars per share) | $ 22.20 | |
Expected to vest, weighted average remaining contractual term (Year) | 7 years 73 days |
Note 9 - Fair Value Measureme_3
Note 9 - Fair Value Measurement (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2020 | Mar. 31, 2019 | |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | $ (61,000) | |
Asset Impairment Charges, Total | $ 0 | |
Impaired Loans [Member] | ||
Gain (Loss) on Sale of Assets and Asset Impairment Charges | $ (61,000) |
Note 9 - Fair Value Measureme_4
Note 9 - Fair Value Measurement - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2020 | Dec. 31, 2019 |
Estimated fair value | $ 159,247 | $ 159,320 |
Reported Value Measurement [Member] | ||
Cash and cash equivalents | 58,058 | 46,942 |
Estimated fair value | 159,247 | 159,320 |
Loans, net | 619,487 | 616,036 |
FHLB stock | 3,517 | 3,517 |
Accrued interest receivable | 2,995 | 3,398 |
Deposits | 762,886 | 747,324 |
Repurchase agreements | 8,383 | 16,013 |
Junior subordinated deferrable interest debentures | 10,310 | 10,310 |
Accrued interest payable | 91 | 96 |
Estimate of Fair Value Measurement [Member] | ||
Cash and cash equivalents | 58,058 | 46,942 |
Estimated fair value | 159,247 | 159,320 |
Loans, net | 662,368 | 626,795 |
Accrued interest receivable | 2,995 | 3,398 |
Deposits | 764,400 | 747,332 |
Repurchase agreements | 8,383 | 16,013 |
Junior subordinated deferrable interest debentures | 7,080 | 7,661 |
Accrued interest payable | 91 | 96 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Cash and cash equivalents | 58,058 | 46,942 |
Accrued interest receivable | 1 | 15 |
Deposits | 725,158 | 709,130 |
Accrued interest payable | 11 | 13 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Estimated fair value | 159,247 | 159,320 |
Accrued interest receivable | 559 | 574 |
Deposits | 39,242 | 38,202 |
Repurchase agreements | 8,383 | 16,013 |
Accrued interest payable | 60 | 60 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Loans, net | 662,368 | 626,795 |
Accrued interest receivable | 2,435 | 2,809 |
Junior subordinated deferrable interest debentures | 7,080 | 7,661 |
Accrued interest payable | $ 20 | $ 23 |
Note 9 - Fair Value Measureme_5
Note 9 - Fair Value Measurement - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) | Mar. 31, 2020 | Dec. 31, 2019 |
Debt Securities, Available-for-sale | $ 159,247,000 | $ 159,320,000 |
Fair Value, Recurring [Member] | ||
Debt Securities, Available-for-sale | 159,247 | 159,320 |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt Securities, Available-for-sale | 159,247 | 159,320 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Debt Securities, Available-for-sale | 125,895,000 | 125,678,000 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | ||
Debt Securities, Available-for-sale | 125,895 | 125,678 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt Securities, Available-for-sale | 125,895 | 125,678 |
US States and Political Subdivisions Debt Securities [Member] | ||
Debt Securities, Available-for-sale | 33,352,000 | 33,642,000 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | ||
Debt Securities, Available-for-sale | 33,352 | 33,642 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Debt Securities, Available-for-sale | $ 33,352 | $ 33,642 |
Note 9 - Fair Value Measureme_6
Note 9 - Fair Value Measurement - Assets and Liabilities Measured at Fair Value on a Non-recurring Basis (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019 | |
Impaired loans, Total gain (loss) | $ 61 | ||
Other real estate, Total gain (loss) | |||
Asset, Total gain (loss) | 61 | ||
Fair Value, Nonrecurring [Member] | |||
Other real estate | 707 | $ 707 | |
Assets | 837 | 837 | |
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Other real estate | |||
Assets | |||
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Other real estate | |||
Assets | |||
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Other real estate | 707 | 707 | |
Assets | 837 | 837 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | |||
Impaired loans, Total gain (loss) | |||
Other real estate, Total gain (loss) | |||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Fair Value, Nonrecurring [Member] | |||
Impaired loans | 130 | 130 | |
Other real estate | 347 | 347 | |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Impaired loans | |||
Other real estate | |||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Impaired loans | |||
Other real estate | |||
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Impaired loans | 130 | 130 | |
Other real estate | 347 | 347 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | |||
Other real estate, Total gain (loss) | |||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Fair Value, Nonrecurring [Member] | |||
Other real estate | 360 | 360 | |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Other real estate | |||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Other real estate | |||
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Other real estate | $ 360 | $ 360 |
Note 9 - Fair Value Measureme_7
Note 9 - Fair Value Measurement - Quantitative Information About Level 3 Fair Value Measurements for Financial Instruments Measured at Fair Value on a Non-recurring Basis (Details) $ in Thousands | Mar. 31, 2020USD ($) | Dec. 31, 2019USD ($) |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Measurement Input, Cost to Sell [Member] | ||
Impaired loans, Measurement Input | 0.1 | 0.1 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Measurement Input, Cost to Sell [Member] | Weighted Average [Member] | ||
Impaired loans, Measurement Input | (0.1) | (0.1) |
Other real estate, Measurement Input | (0.16) | (0.16) |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Measurement Input, Cost to Sell [Member] | Minimum [Member] | ||
Other real estate, Measurement Input | 0.17 | 0.16 |
Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | Measurement Input, Cost to Sell [Member] | Maximum [Member] | ||
Other real estate, Measurement Input | 0.16 | 0.17 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Measurement Input, Cost to Sell [Member] | ||
Other real estate, Measurement Input | 0.1 | 0.1 |
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Measurement Input, Cost to Sell [Member] | Weighted Average [Member] | ||
Other real estate, Measurement Input | (0.1) | (0.1) |
Fair Value, Nonrecurring [Member] | ||
Other real estate | $ 707 | $ 707 |
Fair Value, Nonrecurring [Member] | Commercial Portfolio Segment [Member] | Real Estate Loan [Member] | ||
Impaired loans | 130 | 130 |
Other real estate | 347 | 347 |
Fair Value, Nonrecurring [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member] | ||
Other real estate | $ 360 | $ 360 |