Document and Entity Information
Document and Entity Information | 3 Months Ended |
Mar. 31, 2017shares | |
Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2017 |
Document Fiscal Year Focus | 2,017 |
Document Fiscal Period Focus | Q1 |
Entity Registrant Name | Community Bankers Trust Corp |
Entity Central Index Key | 1,323,648 |
Current Fiscal Year End Date | --12-31 |
Entity Filer Category | Accelerated Filer |
Entity Common Stock, Shares Outstanding | 21,970,773 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and due from banks | $ 11,720 | $ 13,828 |
Interest bearing bank deposits | 12,002 | 7,244 |
Federal funds sold | 132 | |
Total cash and cash equivalents | 23,854 | 21,072 |
Securities available for sale, at fair value | 213,713 | 216,121 |
Securities held to maturity, at cost (fair value of $46,881 and $46,858, respectively) | 46,500 | 46,608 |
Equity securities, restricted, at cost | 8,177 | 8,290 |
Total securities | 268,390 | 271,019 |
Loans | 852,226 | 836,299 |
Purchased credit impaired (PCI) loans | 49,738 | 51,964 |
Total loans | 901,964 | 888,263 |
Allowance for loan losses (loans of $9,513 and $9,493, respectively; PCI loans of $200 and $200, respectively) | (9,713) | (9,693) |
Net loans | 892,251 | 878,570 |
Bank premises and equipment, net | 28,588 | 28,357 |
Other real estate owned | 3,569 | 4,427 |
Bank owned life insurance | 27,531 | 27,339 |
Core deposit intangibles, net | 421 | 898 |
Other assets | 18,117 | 18,134 |
Total assets | 1,262,721 | 1,249,816 |
Deposits: | ||
Noninterest bearing | 129,042 | 128,887 |
Interest bearing | 923,630 | 908,407 |
Total deposits | 1,052,672 | 1,037,294 |
Federal funds purchased | 4,714 | |
Federal Home Loan Bank advances | 81,692 | 81,887 |
Long-term debt | 1,670 | |
Trust preferred capital notes | 4,124 | 4,124 |
Other liabilities | 6,520 | 5,591 |
Total liabilities | 1,145,008 | 1,135,280 |
SHAREHOLDERS' EQUITY | ||
Common stock (200,000,000 shares authorized, $0.01 par value; 21,970,773 and 21,959,648 shares issued and outstanding, respectively) | 220 | 220 |
Additional paid in capital | 146,852 | 146,667 |
Retained deficit | (28,635) | (31,128) |
Accumulated other comprehensive loss | (724) | (1,223) |
Total shareholders' equity | 117,713 | 114,536 |
Total liabilities and shareholders' equity | $ 1,262,721 | $ 1,249,816 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Statement Of Financial Position [Abstract] | ||
Securities held to maturity | $ 46,881 | $ 46,858 |
Allowance for loan losses, loans | 9,513 | 9,493 |
Allowance for loan losses, PCI loans | $ 200 | $ 200 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares issued | 21,970,773 | 21,959,648 |
Common stock, shares outstanding | 21,970,773 | 21,959,648 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Interest and dividend income | ||
Interest and fees on loans | $ 9,597 | $ 8,553 |
Interest and fees on PCI loans | 1,479 | 1,599 |
Interest on deposits in other banks | 26 | 21 |
Interest and dividends on securities | ||
Taxable | 1,249 | 1,271 |
Nontaxable | 597 | 594 |
Total interest and dividend income | 12,948 | 12,038 |
Interest expense | ||
Interest on deposits | 1,779 | 1,551 |
Interest on borrowed funds | 302 | 374 |
Total interest expense | 2,081 | 1,925 |
Net interest income | 10,867 | 10,113 |
Provision for loan losses | ||
Net interest income after provision for loan losses | 10,867 | 10,113 |
Noninterest income | ||
Service charges on deposit accounts | 643 | 569 |
Gain on securities transactions, net | 95 | 259 |
Income on bank owned life insurance | 234 | 188 |
Mortgage loan income | 33 | 173 |
Other | 148 | 132 |
Total noninterest income | 1,153 | 1,321 |
Noninterest expense | ||
Salaries and employee benefits | 4,682 | 4,611 |
Occupancy expenses | 732 | 641 |
Equipment expenses | 284 | 239 |
FDIC assessment | 201 | 251 |
Data processing fees | 488 | 415 |
Amortization of intangibles | 477 | 477 |
Other real estate expense (income), net | 27 | (102) |
Other operating expenses | 1,560 | 1,499 |
Total noninterest expense | 8,451 | 8,031 |
Income before income taxes | 3,569 | 3,403 |
Income tax expense | 1,076 | 983 |
Net income | $ 2,493 | $ 2,420 |
Net income per share - basic | $ 0.11 | $ 0.11 |
Net income per share - diluted | $ 0.11 | $ 0.11 |
Weighted average number of shares outstanding | ||
Basic | 21,962 | 21,873 |
Diluted | 22,433 | 22,065 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 2,493 | $ 2,420 |
Other comprehensive income: | ||
Change in unrealized gain in investment securities | 770 | 3,553 |
Tax related to unrealized gain in investment securities | (262) | (1,208) |
Reclassification adjustment for gain in securities sold | (95) | (259) |
Tax related to realized gain in securities sold | 32 | 88 |
Cash flow hedge: | ||
Change in unrealized gain (loss) in cash flow hedge | 82 | (548) |
Tax related to cash flow hedge | (28) | 186 |
Total other comprehensive income | 499 | 1,812 |
Total comprehensive income | $ 2,992 | $ 4,232 |
Consolidated Statements of Shar
Consolidated Statements of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands | Common Stock [Member] | Additional Paid in Capital [Member] | Retained Deficit [Member] | Accumulated Other Comprehensive Income [Member] | Total |
Beginning Balance at Dec. 31, 2015 | $ 219 | $ 145,907 | $ (41,050) | $ (589) | $ 104,487 |
Beginning Balance, shares at Dec. 31, 2015 | 21,867 | ||||
Issuance of common stock | 44 | 44 | |||
Issuance of common stock, shares | 20 | ||||
Exercise and issuance of employee stock options | 124 | 124 | |||
Net income | 2,420 | 2,420 | |||
Other comprehensive income | 1,812 | 1,812 | |||
Ending Balance at Mar. 31, 2016 | $ 219 | 146,075 | (38,630) | 1,223 | 108,887 |
Ending Balance, shares at Mar. 31, 2016 | 21,887 | ||||
Beginning Balance at Dec. 31, 2016 | $ 220 | 146,667 | (31,128) | (1,223) | 114,536 |
Beginning Balance, shares at Dec. 31, 2016 | 21,960 | ||||
Issuance of common stock | 39 | 39 | |||
Issuance of common stock, shares | 11 | ||||
Exercise and issuance of employee stock options | 146 | 146 | |||
Net income | 2,493 | 2,493 | |||
Other comprehensive income | 499 | 499 | |||
Ending Balance at Mar. 31, 2017 | $ 220 | $ 146,852 | $ (28,635) | $ (724) | $ 117,713 |
Ending Balance, shares at Mar. 31, 2017 | 21,971 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Operating activities: | ||
Net income | $ 2,493 | $ 2,420 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
Depreciation and intangibles amortization | 877 | 844 |
Share-based compensation expense | 185 | 143 |
Amortization of purchased loan premium | 45 | 63 |
Provision for loan losses | ||
Amortization of security premiums and accretion of discounts, net | 359 | 409 |
Net gain on sale of securities | (95) | (259) |
Net gain on sale and valuation of OREO and bank premises | (14) | (154) |
Originations of mortgages held for sale | (10,618) | |
Proceeds from sales of mortgages held for sale | 11,681 | |
Increase in bank owned life insurance investment | (192) | (153) |
Changes in assets and liabilities: | ||
(Increase) decrease in other assets | (226) | 393 |
Increase (decrease) in other liabilities | 1,000 | (1,088) |
Net cash provided by operating activities | 4,432 | 3,681 |
Investing activities: | ||
Proceeds from available for sale securities | 23,816 | 53,331 |
Proceeds from held to maturity securities | 89 | 677 |
Proceeds of equity securities | 813 | 935 |
Purchase of available for sale securities | (20,981) | (13,508) |
Purchase of held to maturity securities | (8,510) | |
Purchase of equity securities | (700) | (909) |
Proceeds from sale of other real estate owned | 872 | 543 |
Improvements of other real estate, net of insurance proceeds | (24) | |
Net increase in loans | (13,832) | (14,703) |
Principal recoveries of loans previously charged off | 105 | 173 |
Purchase of premises and equipment, net | (631) | (214) |
Proceeds from sale of premises and equipment | 145 | |
Net cash (used in) provided by investing activities | (10,449) | 17,936 |
Financing activities: | ||
Net increase (decrease) in deposits | 15,378 | (11,467) |
Net decrease in federal funds purchased | (4,714) | (7,904) |
Net decrease in Federal Home Loan Bank borrowings | (195) | (4,190) |
Proceeds from issuance of common stock | 15 | |
Payments on long-term debt | (1,670) | (801) |
Net cash provided by (used in) financing activities | 8,799 | (24,347) |
Net increase (decrease) in cash and cash equivalents | 2,782 | (2,730) |
Cash and cash equivalents: | ||
Beginning of the period | 21,072 | 16,969 |
End of the period | 23,854 | 14,239 |
Supplemental disclosures of cash flow information: | ||
Interest paid | $ 2,141 | 1,901 |
Income taxes paid | $ 2,400 |
Nature of Banking Activities an
Nature of Banking Activities and Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2017 | |
Nature of Banking Activities and Significant Accounting Policies [Abstract] | |
Nature of Banking Activities and Significant Accounting Policies | Note 1. Nature of Banking Activities and Significant Accounting Policies Organization Community Bankers Trust Corporation (the “Company”) is headquartered in Richmond, Virginia and is the holding company for Essex Bank (the “Bank”), a Virginia state bank with 23 full-service offices in Virginia and Maryland. The Bank also operates one loan production office in Virginia. The Bank engages in a general commercial banking business and provides a wide range of financial services primarily to individuals and small businesses, including individual and commercial demand and time deposit accounts, commercial and industrial loans, consumer and small business loans, real estate and mortgage loans, investment services, on-line and mobile banking products, and safe deposit box facilities. Financial Statements The consolidated statements presented include accounts of the Company and the Bank, its wholly-owned subsidiary. All material intercompany balances and transactions have been eliminated. The statements should be read in conjunction with the Company’s consolidated financial statements and the accompanying notes to consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 201 6 . The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles (GAAP) and to the general practices within the banking industry. The interim financial statements have not been audited; however, in the opinion of management, all adjustments, consisting of normal accruals, were made that are necessary to present fairly the balance sheet of the Company as of March 3 1 , 201 7 , and the statements of income , comprehensive income , changes in shareholders’ equity and cash flows for the three months ended March 31, 2017 . Results for the three month period ended March 3 1 , 201 7 are not necessarily indicative of the results that may be expected for the year ending December 31, 201 7 . The financial information contained within the statements is, to a significant extent, financial information that is based on measures of the financial effects of transactions and events that have already occurred. A variety of factors could affect the ultimate value that is obtained when either earning income, recognizing an expense, recovering an asset or relieving a liability. The Company uses historical loss factors as one factor in determining the inherent loss that may be present in its loan portfolio. Actual losses could differ significantly from the historical factors that the Company uses. In addition, GAAP itself may change from one previously acceptable method to another method. Although the economics of the Company’s transactions would be the same, the timing of events that would impact its transactions could change. In preparing these financial statements, the Company has evaluated subsequent events and transactions for potential recognition or disclosure through the date the financial statements were issued. Certain reclassifications have been made to prior period balances to conform to the current year presentations. Recent Accounting Pronouncements In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities. The ASU shortens the amortization period for certain callable debt securities held at a premium to the earliest call date. Under current GAAP, entities normally amortize the premium as an adjustment of yield over the contractual life of the instrument. Stakeholders have expressed concerns with the current approach on the basis that current GAAP excludes certain callable debt securities from consideration of early repayment of principal even if the holder is certain that the call will be exercised. As a result, upon the exercise of a call on a callable debt security held at a premium, the unamortized premium is recorded as a loss in earnings. Further, there is diversity in practice (1) in the amortization period for premiums of callable debt securities, and (2) in how the potential for exercise of a call is factored into current impairment assessments. The ASU shortens the amortization period for certain callable debt securities held at a premium and requires the premium to be amortized to the earliest call date. However, the amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. The amendments are effective for public business entities for annual periods beginning after December 15, 2018, including interim periods within those annual periods. Early adoption is permitted. The Company is currently in compliance with this guidance; therefore, its adoption will have no impact on its financial statements. Also in March 2017, the FASB issued ASU No. 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . The amendments apply to all employers, including not-for-profit entities, that offer to their employees defined benefit pension plans, other postretirement benefit plans, or other types of benefits accounted for under Topic 715, Compensation — Retirement Benefits . The amendments require that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component. The line item or items used in the income statement to present the other components of net benefit cost must be disclosed. The amendments are effective for public business entities for annual periods beginning after December 15, 2017, including interim periods within those annual periods. Early adoption is permitted as of the beginning of an annual period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company does not expect the adoption of this guidance to have a material impact on its financial statements. The Company does not offer a post retirement benefit plan. As the Company’s pension plan is frozen, no additional service cost will be incurred. The remaining components of net periodic benefit cost are not expected to be significant. See Note 10 for further details. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2017 | |
Securities [Abstract] | |
Securities | Note 2. Securities Amortized costs and fair values of securities available for sale and held to maturity at March 3 1 , 201 7 and December 31, 201 6 were as follows ( dollars in thousands): March 31, 2017 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue and other U.S. Gov’t agencies $ 49,637 $ 18 $ (701) $ 48,954 U.S. Gov’t sponsored agencies 2,921 — (59) 2,862 State, county and municipal 125,731 2,398 (1,042) 127,087 Corporate and other bonds 16,246 54 (239) 16,061 Mortgage backed – U.S. Gov’t agencies 3,606 — (130) 3,476 Mortgage backed – U.S. Gov’t sponsored agencies 15,519 25 (271) 15,273 Total Securities Available for Sale $ 213,660 $ 2,495 $ (2,442) $ 213,713 Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ 10,000 $ — $ (124) $ 9,876 State, county and municipal 35,831 668 (178) 36,321 Mortgage backed – U.S. Gov’t agencies 669 15 — 684 Total Securities Held to Maturity $ 46,500 $ 683 $ (302) $ 46,881 December 31, 2016 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue and other U.S. Gov’t agencies $ 58,724 $ 15 $ (763) $ 57,976 U.S. Gov’t sponsored agencies 3,452 — (116) 3,336 State, county and municipal 121,686 2,247 (1,160) 122,773 Corporate and other bonds 15,936 — (433) 15,503 Mortgage backed – U.S. Gov’t agencies 3,614 — (119) 3,495 Mortgage backed – U.S. Gov’t sponsored agencies 13,330 21 (313) 13,038 Total Securities Available for Sale $ 216,742 $ 2,283 $ (2,904) $ 216,121 Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ 10,000 $ — $ (154) $ 9,846 State, county and municipal 35,847 568 (185) 36,230 Mortgage backed – U.S. Gov’t agencies 761 21 — 482 Total Securities Held to Maturity $ 46,608 $ 589 $ (339) $ 46,858 The amortized cost and fair value of securities at March 3 1 , 201 7 by final contractual maturity are shown below. Expected maturities may differ from final contractual maturities because issuers may have the right to call or prepay obligations without any penalties. Held to Maturity Available for Sale (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 13,104 $ 12,998 $ 1,837 $ 1,862 Due after one year through five years 11,481 11,641 91,477 92,637 Due after five years through ten years 13,667 13,907 100,870 100,024 Due after ten years 8,248 8,335 19,476 19,190 Total securities $ 46,500 $ 46,881 $ 213,660 $ 213,713 Proceeds from sales of securities available for sale were $22.3 million and $51.4 million during the three months ended March 3 1 , 201 7 and 201 6 , respectively . Gains and losses on the sale of securities are determined using the specific identification method. Gross realized gains and losses on sales of securities available for sale during the three months ended March 3 1 , 201 7 and 201 6 were as follows (dollars in thousands) : Three Months Ended March 31, 2017 March 31, 2016 Gross realized gains $ 130 $ 754 Gross realized losses (35) (495) Net securities gains $ 95 $ 259 In estimating other than temporary impairment (OTTI) losses, management considers the length of time and the extent to which the fair value has been less than cost, the financial condition and short-term prospects for the issuer, and the intent and ability of management to hold its investment for a period of time to allow a recovery in fair value. There were no investments held that had OTTI losses for the three months ended March 3 1 , 201 7 and 201 6 . The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at March 3 1 , 201 7 and December 31, 201 6 were as follows (dollars in thousands): March 31, 2017 Less than 12 Months 12 Months or More Total Securities Available for Sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury issue and other U.S. Gov’t agencies $ 17,873 $ (290) $ 25,400 $ (411) $ 43,273 $ (701) U.S. Gov’t sponsored agencies - - 2,362 (59) 2,362 (59) State, county and municipal 33,054 (729) 3,483 (313) 36,537 (1,042) Corporate and other bonds 2,995 (75) 7,363 (164) 10,358 (239) Mortgage backed – U.S. Gov’t agencies 1,586 (22) 1,890 (108) 3,476 (130) Mortgage backed – U.S. Gov’t sponsored agencies 10,157 (270) 132 (1) 10,289 (271) Total $ 65,665 $ (1,386) $ 40,630 $ (1,056) $ 106,295 $ (2,442) Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ 9,876 $ (124) $ - $ - $ 9,876 $ (124) State, county and municipal 7,494 (178) - - 7,494 (178) Total $ 17,370 $ (302) $ - $ - $ 17,370 $ (302) December 31, 2016 Less than 12 Months 12 Months or More Total Securities Available for Sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury issue and other U.S. Gov’t agencies $ 29,756 $ (324) $ 25,155 $ (439) $ 54,911 $ (763) U.S. Gov’t sponsored agencies - - 2,523 (116) 2,523 (116) State, county and municipal 39,713 (848) 3,885 (312) 43,598 (1,160) Corporate and other bonds 6,864 (103) 8,639 (330) 15,503 (433) Mortgage backed – U.S. Gov’t agencies 1,598 (18) 1,897 (101) 3,495 (119) Mortgage backed – U.S. Gov’t sponsored agencies 9,247 (313) - - 9,247 (313) Total $ 87,178 $ (1,606) $ 42,099 $ (1,298) $ 129,277 $ (2,904) Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ 9,846 $ (154) $ - $ - $ 9,846 $ (154) State, county and municipal 8,052 (185) - - 8,052 (185) Total $ 17,898 $ (339) $ - $ - $ 17,898 $ (339) The unrealized losses (impairments) in the investment portfolio at March 3 1 , 201 7 and December 31, 201 6 are generally a result of market fluctuations that occur daily. The unrealized losses are from 147 securities at March 3 1 , 201 7 . Of those, 131 are investment grade, have U.S. government agency guarantees, or are backed by the full faith and credit of local municipalities throughout the United States. Sixteen investment grade corporate and other bond obligations comprise the remaining securities with unrealized losses at March 3 1 , 201 7 . The Company considers the reason for impairment, length of impairment , and ability and intent to hold until the full value is recovered in determining if the impairment is temporary in nature. Based on this analysis, the Company has determined these impairments to be temporary in nature. The Company does not intend to sell , and it is more likely than not that the Company will not be required to sell , these securities until they recover in value or reach maturity. Market prices are affected by conditions beyond the control of the Company. Investment decisions are made by the management group of the Company and reflect the overall liquidity and strategic asset/liability objectives of the Company. Management analyzes the securities portfolio frequently and manages the portfolio to provide an overall positive impact to the Company’s income statement and balance sheet. Securities with amortized costs of $72.3 million and $75.8 million at March 3 1 , 201 7 and December 31, 201 6 , respectively, were pledged to secure public deposits as required or permitted by law . Securities with amortized costs of $4.2 m illion and $4.4 million at March 3 1 , 201 7 and December 31, 201 6 , respectively, were pledged to secure lines of credit at the Federal Reserve discount window. At each of March 3 1 , 201 7 and December 31, 201 6 , there were no securities purchased from a single issuer, other than U.S. Treasury issue and other U.S. Government agencies that comprised more than 10% of the consolidated shareholders’ equity. |
Loans and Related Allowance for
Loans and Related Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2017 | |
Loans and Related Allowance for Loan Losses [Abstract] | |
Loans and Related Allowance for Loan Losses | Note 3. Loans and Related Allowance for Loan Losses The Company’s loans, net of deferred fees and costs, at March 3 1 , 201 7 and December 31, 201 6 were comprised of the following (dollars in thousands): March 31, 2017 December 31, 2016 Amount % of Loans Amount % of Loans Mortgage loans on real estate: Residential 1-4 family $ 210,517 24.71 % $ 207,863 24.86 % Commercial 343,604 40.32 339,804 40.63 Construction and land development 96,152 11.28 98,282 11.75 Second mortgages 7,724 0.91 7,911 0.95 Multifamily 49,469 5.80 39,084 4.67 Agriculture 7,449 0.87 7,185 0.86 Total real estate loans 714,915 83.89 700,129 83.72 Commercial loans 130,729 15.34 129,300 15.46 Consumer installment loans 5,321 0.62 5,627 0.67 All other loans 1,261 0.15 1,243 0.15 Total loans $ 852,226 100.00 % $ 836,299 100.00 % The Company held $15. 7 million and $15.8 million in balances of loans guaranteed by the United States Department of Agriculture (USDA), which are included in various categories in the table above, at March 3 1 , 201 7 and December 31, 201 6 , respectively. As these loans are 100% guaranteed by the USDA, no loan loss allowance is required. These loan balances included a purchase premium of $ 718,000 and $ 749,000 at March 3 1 , 201 7 and December 31, 201 6 , respectively. The purchase premium is amortized as an adjustment of the related loan yield on a straight line basis, which is substantially equivalent to the results obtained using the effective interest method. At March 3 1 , 201 7 and December 31, 201 6 , the Company’s allowance for credit losses was comprised of the following: (i) a specific valuation component calculated in accordance with FASB ASC 310, Receivables, (ii) a general valuation component calculated in accordance with FASB Accounting Standards Codification (ASC) 450, Contingencies , based on historical loan loss experience, economic conditions and other qualitative risk factors, and (iii) an unallocated component to cover uncertainties that could affect management’s estimate of probable losses. Management identified loans subject to impairment in accordance with ASC 310. The following table summarizes information related to impaired loans as of March 3 1 , 201 7 (dollars in thousands): Three months ended March 31, 2017 March 31, 2017 With no related allowance recorded: Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance Average Investment Interest Recognized Mortgage loans on real estate: Residential 1-4 family $ 2,189 $ 2,479 $ — $ 1,947 $ 7 Commercial 4,156 4,726 — 5,363 38 Construction and land development — — — — — Total real estate loans 6,345 7,205 — 7,310 45 Commercial loans — — — 600 — Consumer installment loans — — — — — Subtotal impaired loans with no valuation allowance 6,345 7,205 — 7,910 45 With an allowance recorded: Mortgage loans on real estate: Residential 1-4 family 2,335 2,737 321 2,478 12 Commercial 396 786 50 506 2 Construction and land development 4,304 5,558 538 4,900 — Total real estate loans 7,035 9,081 909 7,884 14 Commercial loans 284 284 36 168 1 Consumer installment loans 42 46 5 162 — Subtotal impaired loans with a valuation allowance 7,361 9,411 950 8,214 15 Total: Mortgage loans on real estate: Residential 1-4 family 4,524 5,216 321 4,425 19 Commercial 4,552 5,512 50 5,869 40 Construction and land development 4,304 5,558 538 4,900 — Total real estate loans 13,380 16,286 909 15,194 59 Commercial loans 284 284 36 768 1 Consumer installment loans 42 46 5 162 — Total impaired loans $ 13,706 $ 16,616 $ 950 $ 16,124 $ 60 (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs The following table summarizes information related to impaired loans as of December 31, 201 6 and the three months ended March 31, 2016 (dollars in thousands): Three months ended December 31, 2016 March 31, 2016 With no related allowance recorded: Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance Average Investment Interest Recognized Mortgage loans on real estate: Residential 1-4 family $ 1,704 $ 1,931 $ — $ 2,455 $ 11 Commercial 6,570 7,078 — 4,297 39 Construction and land development — — — — — Second mortgages — — — — — Total real estate loans 8,274 9,009 — 6,752 50 Commercial loans 1,200 1,200 — — — Consumer installment loans — — — 124 1 Subtotal impaired loans with no valuation allowance 9,474 10,209 — 6,876 51 With an allowance recorded: Mortgage loans on real estate: Residential 1-4 family 2,621 3,062 283 3,400 7 Commercial 617 1,051 73 481 2 Construction and land development 5,495 6,746 730 4,502 — Second mortgages — — — 80 — Total real estate loans 8,733 10,859 1,086 8,463 9 Commercial loans 53 53 7 27 — Consumer installment loans 281 285 37 79 — Subtotal impaired loans with a valuation allowance 9,067 11,197 1,130 8,569 9 Total: Mortgage loans on real estate: Residential 1-4 family 4,325 4,993 283 5,855 18 Commercial 7,187 8,129 73 4,778 41 Construction and land development 5,495 6,746 730 4,502 — Second mortgages — — — 80 — Total real estate loans 17,007 19,868 1,086 15,215 59 Commercial loans 1,253 1,253 7 27 — Consumer installment loans 281 285 37 203 1 Total impaired loans $ 18,541 $ 21,406 $ 1,130 $ 15,445 $ 60 (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs Troubled debt restructures and some substandard loans still accruing interest are loans that management expects to ultimately collect all principal and interest due, but not under the terms of the original contract. A reconciliation of impaired loans to nonaccrual loans at March 3 1 , 201 7 and December 31, 201 6 , is set forth in the table below (dollars in thousands): March 31, 2017 December 31, 2016 Nonaccruals $ 9,091 $ 10,243 Trouble debt restructure and still accruing 4,615 4,653 Substandard and still accruing — 3,645 Total impaired $ 13,706 $ 18,541 Interest income on nonaccrual loans, if recognized, is recorded using the cash basis method of accounting. There was an insignificant amount of cash basis income recognized during the three months ended March 31, 2017 and 2016 . For the three months ended March 3 1 , 201 7 and 201 6 , estimated interest income of $163,000 and $204,000 , respectively, would have been recorded if all such loans had been accruing interest according to their original contractual terms. The following tables present an age analysis of past due status of loans by category as of March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 30-89 Days Past Due 90+ Days Past Due and Accruing Nonaccrual Total Past Due Current Total Loans Receivable Mortgage loans on real estate: Residential 1-4 family $ 271 $ — $ 3,104 $ 3,375 $ 207,142 $ 210,517 Commercial — — 1,588 1,588 342,016 343,604 Construction and land development — — 4,304 4,304 91,848 96,152 Second mortgages — — — — 7,724 7,724 Multifamily — — — — 49,469 49,469 Agriculture — 112 — 112 7,337 7,449 Total real estate loans 271 112 8,996 9,379 705,536 714,915 Commercial loans 334 — 53 387 130,342 130,729 Consumer installment loans 27 — 42 69 5,252 5,321 All other loans — — — — 1,261 1,261 Total loans $ 632 $ 112 $ 9,091 $ 9,835 $ 842,391 $ 852,226 December 31, 2016 30-89 Days Past Due 90+ Days Past Due and Accruing Nonaccrual Total Past Due Current Total Loans Receivable Mortgage loans on real estate: Residential 1-4 family $ 296 $ — $ 2,893 $ 3,189 $ 204,674 $ 207,863 Commercial — — 1,758 1,758 338,046 339,804 Construction and land development 54 — 5,495 5,549 92,733 98,282 Second mortgages — — — — 7,911 7,911 Multifamily — — — — 39,084 39,084 Agriculture — — — — 7,185 7,185 Total real estate loans 350 — 10,146 10,496 689,633 700,129 Commercial loans — — 53 53 129,247 129,300 Consumer installment loans 3 — 44 47 5,580 5,627 All other loans — — — — 1,243 1,243 Total loans $ 353 $ — $ 10,243 $ 10,596 $ 825,703 $ 836,299 Activity in the allowance for loan losses , excluding PCI loans, on loans by segment for the thre e months ended March 3 1 , 201 7 and 201 6 is presented in the following tables (dollars in thousands): December 31, 2016 Provision Allocation Charge-offs Recoveries March 31, 2017 Mortgage loans on real estate: Residential 1-4 family $ 2,769 $ 62 $ (26) $ 18 $ 2,823 Commercial 1,952 (183) — 7 1,776 Construction and land development 2,195 (635) (14) 1 1,547 Second mortgages 72 (69) — 47 50 Multifamily 260 (67) — — 193 Agriculture 15 17 — — 32 Total real estate loans 7,263 (875) (40) 73 6,421 Commercial loans 602 712 — 2 1,316 Consumer installment loans 135 13 (45) 30 133 All other loans 7 8 — — 15 Unallocated 1,486 142 — — 1,628 Total loans $ 9,493 $ — $ (85) $ 105 $ 9,513 December 31, 2015 Provision Allocation Charge-offs Recoveries March 31, 2016 Mortgage loans on real estate: Residential 1-4 family $ 2,884 $ (508) $ (19) $ 98 $ 2,455 Commercial 3,769 (630) (37) 12 3,114 Construction and land development 1,298 290 — 1 1,589 Second mortgages 96 3 — 4 103 Multifamily 141 159 — — 300 Agriculture 24 (12) — — 12 Total real estate loans 8,212 (698) (56) 115 7,573 Commercial loans 631 317 — — 948 Consumer installment loans 93 17 (82) 58 86 All other loans 25 (19) — — 6 Unallocated 598 383 — — 981 Total loans $ 9,559 $ — $ (138) $ 173 $ 9,594 The following tables present information on the loans evaluated for impairment in the allowance for loan losses as of March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 Allowance for Loan Losses Recorded Investment in Loans Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Mortgage loans on real estate: Residential 1-4 family $ 321 $ 2,502 $ 2,823 $ 4,524 $ 205,993 $ 210,517 Commercial 50 1,726 1,776 4,552 339,052 343,604 Construction and land development 538 1,009 1,547 4,304 91,848 96,152 Second mortgages — 50 50 — 7,724 7,724 Multifamily — 193 193 — 49,469 49,469 Agriculture — 32 32 — 7,449 7,449 Total real estate loans 909 5,512 6,421 13,380 701,535 714,915 Commercial loans 36 1,280 1,316 284 130,445 130,729 Consumer installment loans 5 128 133 42 5,279 5,321 All other loans — 15 15 — 1,261 1,261 Unallocated — 1,628 1,628 — — — Total loans $ 950 $ 8,563 $ 9,513 $ 13,706 $ 838,520 $ 852,226 December 31, 2016 Allowance for Loan Losses Recorded Investment in Loans Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Mortgage loans on real estate: Residential 1-4 family $ 283 $ 2,486 $ 2,769 $ 4,325 $ 203,538 $ 207,863 Commercial 73 1,879 1,952 7,187 332,617 339,804 Construction and land development 730 1,465 2,195 5,495 92,787 98,282 Second mortgages — 72 72 — 7,911 7,911 Multifamily — 260 260 — 39,084 39,084 Agriculture — 15 15 — 7,185 7,185 Total real estate loans 1,086 6,177 7,263 17,007 683,122 700,129 Commercial loans 7 595 602 1,253 128,047 129,300 Consumer installment loans 37 98 135 281 5,346 5,627 All other loans — 7 7 — 1,243 1,243 Unallocated — 1,486 1,486 — — — Total loans $ 1,130 $ 8,363 $ 9,493 $ 18,541 $ 817,758 $ 836,299 Loans are monitored for credit quality on a recurring basis. These credit quality indicators are defined as follows: Pass - A pass loan is not adversely classified, as it does not display any of the characteristics for adverse classification. This category includes purchased loans that are 100% guaranteed by U.S. Government agencies of $15.7 million and $15.8 million at March 3 1 , 201 7 and December 31, 201 6 , respectively. Special Mention - A special mention loan has potential weaknesses that deserve management’s close attention. If left uncorrected, such potential weaknesses may result in deterioration of the repayment prospects or collateral position at some future date. Special mention loans are not adversely classified and do not warrant adverse classification. Substandard - A substandard loan is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard generally have a well defined weakness, or weaknesses, that jeopardize the liquidation of the debt. These loans are characterized by the distinct possibility of loss if the deficiencies are not corrected. Doubtful - A doubtful loan has all the weaknesses inherent in a loan classified as substandard with the added characteristics that the weaknesses make collection or liquidation in full, highly questionable and improbable, on the basis of currently existing facts, conditions, and values. The possibility of loss is extremely high. The following tables present the composition of loans by credit quality indicator at March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 Pass Special Mention Substandard Doubtful Total Mortgage loans on real estate: Residential 1-4 family $ 203,046 $ 4,171 $ 3,300 $ — $ 210,517 Commercial 334,557 3,330 5,717 — 343,604 Construction and land development 91,659 189 4,304 — 96,152 Second mortgages 7,245 479 — — 7,724 Multifamily 46,883 — 2,586 — 49,469 Agriculture 7,224 113 112 — 7,449 Total real estate loans 690,614 8,282 16,019 — 714,915 Commercial loans 123,179 5,111 2,439 — 130,729 Consumer installment loans 5,256 23 42 — 5,321 All other loans 1,261 — — — 1,261 Total loans $ 820,310 $ 13,416 $ 18,500 $ — $ 852,226 December 31, 2016 Pass Special Mention Substandard Doubtful Total Mortgage loans on real estate: Residential 1-4 family $ 199,973 $ 4,612 $ 3,278 $ — $ 207,863 Commercial 330,851 3,168 5,785 — 339,804 Construction and land development 92,556 234 5,492 — 98,282 Second mortgages 7,474 437 — — 7,911 Multifamily 36,474 — 2,610 — 39,084 Agriculture 7,067 118 — — 7,185 Total real estate loans 674,395 8,569 17,165 — 700,129 Commercial loans 122,129 5,879 1,292 — 129,300 Consumer installment loans 5,563 20 44 — 5,627 All other loans 1,243 — — — 1,243 Total loans $ 803,330 $ 14,468 $ 18,501 $ — $ 836,299 In accordance with FASB ASU 2011-02, Receivables (Topic 310): A Creditor's Determination of Whether a Restructuring is a Troubled Debt Restructuring, the Company assesses all loan modifications to determine whether they are considered troubled debt restructurings (TDRs) under the guidance. The Company had 17 loans that met the definition of a TDR at each of March 3 1 , 201 7 and 201 6, respectively . The Company had no loan modifications considered to be TDRs during the three months ended March 31, 2017. During the three months ended March 31, 2016, the Company modified one consumer installment loan that was considered to be a TDR. The Company extended the terms and lowered the interest rate for this loan, which had a pre- and post -modification balance of $248,000 . A loan is considered to be in default if it is 90 days or more past due. There were no TDRs that had been restructured during the previous 12 months that resulted in default during either of the three months ended March 3 1 , 201 7 and 201 6 . In the determination of the allowance for loan losses, management considers TDRs and subsequent defaults in these restructures by reviewing for impairment in accordance with FASB ASC 310-10-35, Receivables, Subsequent Measurement . At March 3 1 , 201 7 , the Company had 1-4 family mortgages in the amount of $149.4 million pledged to the Federal Home Loan Bank with a lendable collateral value of $135.0 million. |
PCI Loans and Related Allowance
PCI Loans and Related Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2017 | |
PCI Loans and Related Allowance for Loan Losses [Abstract] | |
PCI Loans and Related Allowance for Loan Losses | Note 4. PCI Loans and Related Allowance for Loan Losses On January 30, 2009, the Company entered into a Purchase and Assumption Agreement with the Federal Deposit Insurance Corporation ( FDIC ) to assume all of the deposits and certain other liabilities and acquire substantially all assets of Suburban Federal Savings Bank (SFSB). The Company is applying the provisions of FASB ASC 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality , to all loans acquired in the SFSB transaction (the “PCI loans”) . Of the total $198.3 million in loans acquired, $49.1 million met the criteria of FASB ASC 310-30. These loans, consisting mainly of construction loans, were deemed impaired at the acquisition date. The remaining $149.1 million of loans acquired, comprised mainly of residential 1-4 family, were analogized to meet the criteria of FASB ASC 310-30. Analysis of this portfolio revealed that SFSB utilized weak underwriting and documentation standards, which led the Company to believe that significant losses were probable given the economic environment at the time. As of March 3 1 , 201 7 and December 31, 201 6 , the outstanding contractual balance of the PCI loans was $78. 3 million and $81.1 million, respectively. The carrying amount, by loan type, as of these dates is as follows (dollars in thousands): March 31, 2017 December 31, 2016 Amount % of PCI Loans Amount % of PCI Loans Mortgage loans on real estate: Residential 1-4 family $ 44,465 89.40 % $ 46,623 89.72 % Commercial 622 1.25 649 1.25 Construction and land development 1,935 3.89 1,969 3.79 Second mortgages 2,450 4.93 2,453 4.72 Multifamily 266 0.53 270 0.52 Total real estate loans 49,738 100.00 51,964 100.00 Total PCI loans $ 49,738 100.00 % $ 51,964 100.00 % There was no activity in the allowance for loan losses on PCI loans for the three months ended March 3 1 , 201 7 and 201 6 . The following table presents information on the PCI loans collectively evaluated for impairment in the allowance for loan losses at March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 December 31, 2016 Allowance for loan losses Recorded investment in loans Allowance for loan losses Recorded investment in loans Mortgage loans on real estate: Residential 1-4 family $ 200 $ 44,465 $ 200 $ 46,623 Commercial — 622 — 649 Construction and land development — 1,935 — 1,969 Second mortgages — 2,450 — 2,453 Multifamily — 266 — 270 Total real estate loans 200 49,738 200 51,964 Total PCI loans $ 200 $ 49,738 $ 200 $ 51,964 The change in the accretable yield balance for the three months ended March 3 1 , 201 7 and the year ended December 31, 201 6 , is as follows (dollars in thousands): Balance, January 1, 2016 $ 49,128 Accretion (6,206) Reclassification from nonaccretable yield 5,433 Balance, December 31, 2016 $ 48,355 Accretion (1,479) Reclassification from nonaccretable yield 45 Balance, March 31, 2017 $ 46,921 The PCI loans were not classified as nonperforming assets as of March 3 1 , 201 7 , as the loans are accounted for on a pooled basis, and interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, is being recognized on all PCI loans. |
Other Real Estate Owned
Other Real Estate Owned | 3 Months Ended |
Mar. 31, 2017 | |
Other Real Estate Owned [Abstract] | |
Other Real Estate Owned | Note 5 . Other R eal E state O wned The following table presents the balances of other real estate owned at March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 December 31, 2016 Residential 1-4 family $ 454 $ 1,276 Commercial 630 643 Construction and land development 2,485 2,508 Total other real estate owned $ 3,569 $ 4,427 At March 3 1 , 201 7 , the Company had $1.7 million in residential 1-4 family loans and PCI loans that were in the process of foreclosure. |
Deposits
Deposits | 3 Months Ended |
Mar. 31, 2017 | |
Deposits [Abstract] | |
Deposits | Note 6 . Deposits The following table provides interest bearing deposit information, by type, as of March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 December 31, 2016 NOW $ 130,971 $ 137,332 MMDA 103,042 111,346 Savings 92,683 90,340 Time deposits less than or equal to $250,000 452,075 440,699 Time deposits over $250,000 144,859 128,690 Total interest bearing deposits $ 923,630 $ 908,407 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 3 Months Ended |
Mar. 31, 2017 | |
Accumulated Other Comprehensive Income [Abstract] | |
Accumulated Other Comprehensive Income (Loss) | Note 7 . Accumulated Other Comprehensive (Loss) Income The following tables present activity net of tax in accumulated other comprehensive (loss) income (AOCI) for the three mont hs ended March 3 1 , 201 7 and 201 6 (dollars in thousands): Three months ended March 31, 2017 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Gain (Loss) on Cash Flow Hedge Total Other Comprehensive (Loss) Income Beginning balance $ (410) $ (767) $ (46) $ (1,223) Other comprehensive income (loss) before reclassifications 508 - 54 562 Amounts reclassified from AOCI (63) - - (63) Net current period other comprehensive income (loss) 445 - 54 499 Ending balance $ 35 $ (767) $ 8 $ (724) Three months ended March 31, 2016 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Gain (Loss) on Cash Flow Hedge Total Other Comprehensive (Loss) Income Beginning balance $ 443 $ (901) $ (131) $ (589) Other comprehensive income (loss) before reclassifications 2,345 - (362) 1,983 Amounts reclassified from AOCI (171) - - (171) Net current period other comprehensive income (loss) 2,174 - (362) 1,812 Ending balance $ 2,617 $ (901) $ (493) $ 1,223 The following table present s the effects of reclassifications out of AOCI on line items of consolidated income for the three months ended March 3 1 , 201 7 and 201 6 (dollars in thousands): Details about AOCI Components Amount Reclassified fromAOCI Affected Line Item in the Unaudited Consolidated Statement of Income (Loss) Three months ended March 31, 2017 March 31, 2016 Securities available for sale Unrealized gains on securities available for sale $ (95) $ (259) Gain on securities transactions, net Related tax expense 32 88 Income tax expense $ (63) $ (171) Net of tax |
Fair Values of Assets and Liabi
Fair Values of Assets and Liabilities | 3 Months Ended |
Mar. 31, 2017 | |
Fair Values of Assets and Liabilities [Abstract] | |
Fair Values of Assets and Liabilities | N ote 8 . Fair Values of Assets and Liabilities FASB ASC 820, Fair Value Measurements and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC 820 requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs and also establishes a fair value hierarchy that prioritizes the valuation inputs into three broad levels. The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: • Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets. • Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. • Level 3—Valuation is determined using model-based techniques with significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of third party pricing services, option pricing models, discounted cash flow models and similar techniques. FASB ASC 825, Financial Instruments , allows an entity the irrevocable option to elect fair value for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis. The Company has not made any material FASB ASC 825 elections as of March 3 1 , 201 7 . Assets and Liabilities Recorded at Fair Value on a Recurring Basis The Company utilizes fair value measurements to record adjustments to certain assets to determine fair value disclosures. Securities available for sale and loans held for sale are recorded at fair value on a recurring basis. The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis (dollars in thousands): March 31, 2017 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue and other U.S. Gov’t agencies $ 48,954 $ 1,790 $ 47,164 $ - U.S. Gov’t sponsored agencies 2,862 - 2,862 - State, county and municipal 127,087 3,328 123,759 - Corporate and other bonds 16,061 - 16,061 - Mortgage backed – U.S. Gov’t agencies 3,476 - 3,476 - Mortgage backed – U.S. Gov’t sponsored agencies 15,273 1,066 14,207 - Total investment securities available for sale 213,713 6,184 207,529 - Cash flow hedge $ 12 $ - $ 12 $ - Total assets at fair value $ 213,725 $ 6,184 $ 207,541 $ - Total liabilities at fair value $ - $ - $ - $ - December 31, 2016 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue and other U.S. Gov’t agencies $ 57,976 $ 11,055 $ 46,921 $ - U.S. Gov’t sponsored agencies 3,336 952 2,384 - State, county and municipal 122,773 2,345 120,428 - Corporate and other bonds 15,503 - 15,503 - Mortgage backed – U.S. Gov’t agencies 3,495 - 3,495 - Mortgage backed – U.S. Gov’t sponsored agencies 13,038 - 13,038 - Total investment securities available for sale 216,121 14,352 201,769 - Total assets at fair value $ 216,121 $ 14,352 $ 201,769 $ - Cash flow hedge $ (70) $ - $ (70) $ - Total liabilities at fair value $ (70) $ - $ (70) $ - Investment securities available for sale Investment securities available for sale are recorded at fair value each reporting period. Fair value measurement is based upon quoted prices, if available (Level 1) . If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions (Level 2) . The Company utilizes a third party vendor to provide fair value data for purposes of determining the fair value of its available for sale securities portfolio. The third party vendor uses a reputable pricing company for security market data. The third party vendor has controls and edits in place for month-to-month market checks and zero pricing, and a Statement on Standards for Attestation Engagements No. 16 report is obtained from the third party vendor on an annual basis. The Company makes no adjustments to the pricing service data received for its securities available for sale. Cash flow hedge The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis The Company is also required to measure and recognize certain other financial assets at fair value on a nonrecurring basis on the consolidated balance sheet. The following tables present assets measured at fair value on a nonrecurring basis as of March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 Total Level 1 Level 2 Level 3 Impaired loans $ 8,557 $ — $ 1,969 $ 6,588 Other real estate owned 3,569 — 1,995 1,574 Total assets at fair value $ 12,126 $ — $ 3,964 $ 8,162 Total liabilities at fair value $ — $ — $ — $ — December 31, 2016 Total Level 1 Level 2 Level 3 Impaired loans $ 9,536 $ — $ 2,168 $ 7,368 Other real estate owned 4,427 — 3,408 1,019 Total assets at fair value $ 13,963 $ — $ 5,576 $ 8,387 Total liabilities at fair value $ — $ — $ — $ — Impaired loans Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered impaired. Once a loan is identified as individually impaired, management measures the impairment in accordance with FASB ASC 310, Receivables . The fair value of impaired loans is estimated using one of several methods, including collateral value and discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceeds the recorded investments in such loans. At March 3 1 , 201 7 and December 31, 201 6 , a majority of total impaired loans were evaluated based on the fair value of the collateral. The Company frequently obtains appraisals prepared by external professional appraisers for classified loans greater than $250,000 when the most recent appraisal is greater than 18 months old and/or deemed to be invalid . The Company may also utilize internally prepared estimates that generally result from current market data and actual sales data related to the Company’s collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the impaired loan within Level 2. The Company may also identify collateral deterioration based on current market sales data, including price and absorption, as well as input from real estate sales professionals and developers, county or city tax assessments, market data and on-site inspections by Company personnel. When management determines that the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the impaired loan as nonrecurring Level 3. In instances where an appraisal received subsequent to an internally prepared estimate reflects a higher collateral value, management does not revise the carrying amount. Impaired loans can also be evaluated for impairment using the present value of expected future cash flows discounted at the loan’s effective interest rate. The measurement of impaired loans using future cash flows discounted at the loan’s effective interest rate rather than the market rate of interest rate is not a fair value measurement and is therefore excluded from fair value disclosure requirements. Reviews of classified loans are performed by management on a quarterly basis. Bank premises and equipment held for sale The fair value of bank premises and equipment held for sale was determined using the adjusted appraisal methodology described in the other real estate owned (OREO) asset section below. Other real estate owned OREO assets are adjusted to fair value less estimated disposal costs upon transfer of the related loans to OREO property , establishing a new cost basis . Subsequent to the transfer, valuations are periodically performed by management and the assets are carried at the lower of carrying value or fair value less estimated disposal costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company records the foreclosed asset within Level 2. When an appraised value is not available or management determines that the fair value of the collateral is further impaired below the appraised value due to such things as absorption rates and market conditions, the Company records the foreclosed asset within Level 3 of the fair value hierarchy. Fair Value of Financial Instruments FASB ASC 825, Financial Instruments , requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not measured and reported at fair value on a recurring or nonrecurring basis. FASB ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The following reflects the fair value of financial instruments, whether or not recognized on the consolidated balance sheet, at fair value measures by level of valuation assumptions used for those assets. These tables exclude financial instruments for which the carrying value approximates fair value (dollars in thousands): March 3 1 , 201 7 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $46,500 $46,881 $ — $46,881 $ — Loans, net of allowance 842,713 846,180 — 839,592 6,588 PCI loans, net of allowance 49,538 55,408 — — 55,408 Financial liabilities: Interest bearing deposits 923,630 924,471 — 924,471 — Long-term borrowings 85,816 85,711 — 85,711 — December 31, 201 6 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $46,608 $46,858 $1,093 $45,765 $ — Loans, net of allowance 826,806 829,349 — 821,981 7,368 PCI loans, net of allowance 51,764 57,100 — — 57,100 Financial liabilities: Interest bearing deposits 908,407 909,627 — 909,627 — Long-term borrowings 87,681 87,611 — 87,611 — The following methods were used to estimate the fair value of all other financial instruments recognized in the accompanying balance sheets at amounts other than fair value as of March 3 1 , 201 7 . The Company applied the provisions of FASB ASC 820 to the fair value measurements of financial instruments not recognized on the consolidated balance sheet at fair value. The provisions requiring the Company to maximize the use of observable inputs and to measure fair value using a notion of exit price were factored into the Company’s selection of inputs into its established valuation techniques. Financial Assets Cash and cash equivalents The carrying amounts of cash and due from banks, interest bearing bank deposits, and federal funds sold approximate fair value (Level 1) . Securities held to maturity For securities held to maturity , fair values are based on quoted market prices or dealer quotes (Level 1 and 2) . Restricted securities The carrying value of restricted securities approximates their fair value based on the redemption provisions of the respective issuer (Level 2) . Loans The fair value of loans is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The fair value of impaired loans is consistent with the methodology used for the FASB ASC 820 disclosure for assets recorded at fair value on a nonrecurring basis presented above. PCI loans Fair values for PCI loans are based on a discounted cash flow methodology that considers various factors including the type of loan and related collateral, classification status, term of loan and whether or not the loans are amortizing. Loans were pooled together according to similar characteristics and were treated in the aggregate when applying various valuation techniques. The discount rates used for loans are based on the rates used at acquisition (which were based on market rates for new originations of comparable loans) adjusted for any material changes in interest rates since acquisition. Increases in cash flow expectations since acquisition resulted in estimated fair value being higher than carrying value. The increase in cash flows is also reflected in a transfer from unaccretable yield to accretable yield as disclosed in Note 4. Accrued interest receivable The carrying amounts of accrued interest receivable approximate fair value (Level 2) . Financial Liabilities Noninterest bearing deposits The carrying amount of noninterest bearing deposits approximates fair value (Level 2) . Interest bearing deposits The fair value of NOW accounts, savings accounts, and certain money market deposits is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is estimated using the rates currently offered for deposits of similar remaining maturities. Federal funds purchased The carrying amount of federal funds purchased approximates fair value (Level 2). Long-term borrowings The fair values of the Company’s long-term borrowings, such as FHLB advances and long-term debt, are estimated using discounted cash flow analyses based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements. Accrued interest payable The carrying amounts of accrued interest payable approximate fair value (Level 2) . Off-balance sheet financial instruments The fair value of commitments to extend credit is estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of stand-by letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligations with the counterparties at the reporting date. The Company’s off-balance sheet commitments are funded at current market rates at the date they are drawn upon. It is management’s opinion that the fair value of these commitments would approximate their carrying value, if drawn upon. The fair values of interest rate swaps are determined using the market standard methodology of netting the discounted future fixed cash receipts (or payments) and the discounted expected variable cash payments (or receipts). The variable cash payments (or receipts) are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. As a result, the fair values of the Company’s financial instruments will change when interest rate levels change, and that change may be either favorable or unfavorable. Management attempts to match maturities of assets and liabilities to the extent believed necessary to minimize interest rate risk. However, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment and more likely to prepay in a falling rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk by adjusting terms of new loans and deposits and by investing in securities with terms that mitigate the Company’s overall interest rate risk. |
Earnings Per Common Share
Earnings Per Common Share | 3 Months Ended |
Mar. 31, 2017 | |
Earnings Per Common Share [Abstract] | |
Earnings Per Common Share | Note 9 . Earnings Per Common Share Basic earnings per common share (EPS) is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted EPS is computed using the weighted average number of common shares outstanding during the period, including the effect of all potentially dilutive common shares outstanding attributable to stock instruments. The following table presents basic and diluted EPS for the three months ended March 3 1 , 201 7 and 201 6 (dollars and shares in thousands, except per share data): Net Income (Numerator) Weighted Average Common Shares (Denominator) Per Common Share Amount For the three months ended March 31, 2017 Basic EPS $ 2,493 21,962 $ 0.11 Effect of dilutive stock awards — 471 — Diluted EPS $ 2,493 22,433 $ 0.11 For the three months ended March 31, 2016 Basic EPS $ 2,420 21,873 $ 0.11 Effect of dilutive stock awards — 192 — Diluted EPS $ 2,420 22,065 $ 0.11 There were no antidilutive exclusions from the computation of diluted earnings per common share for the three months ended March 31, 2017. Antidilutive common shares issuable under awards or options of 263,000 were excluded from the computation of diluted earnings per common share for the three months ended March 31, 2016. |
Employee Benefit Plan
Employee Benefit Plan | 3 Months Ended |
Mar. 31, 2017 | |
Employee Benefit Plan [Abstract] | |
Employee Benefit Plan | Note 1 0 . Employee Benefit Plan The Company adopted the Bank of Essex noncontributory, defined benefit pension plan for all full-time pre-merger Bank of Essex employees over 21 years of age. Benefits are generally based upon years of service and the employees’ compensation. The Company funds pension costs in accordance with the funding provisions of the Employee Retirement Income Security Act. The Company has frozen the plan benefits for all the defined benefit plan participants effective December 31, 2010. The following table provides the components of net periodic benefit cost for the plan for the three months ended March 3 1 , 201 7 and 201 6 (dollars in thousands): Three months ended March 31, 2017 March 31, 2016 Interest cost $ 39 $48 Expected return on plan assets (70) (82) Amortization of prior service cost 1 1 Recognized net loss due to settlement — 13 Recognized net actuarial loss 12 13 Net periodic benefit cost $ (18) $ (7) In accordance with FASB ASC 715, Compensation-Retirement Benefits , settlement accounting is triggered when lump sum payments to plan participants exceed the sum of the plan’s service cost and interest cost for the year. The impact of settlement accounting is that a percentage of any outstanding losses that the plan is currently amortizing must be recognized immediately. This percentage is calculated as the ratio of lump sums paid to the total liability for the plan. This amount changes as plan participants retire during the year. |
Cash Flow Hedge
Cash Flow Hedge | 3 Months Ended |
Mar. 31, 2017 | |
Cash Flow Hedge [Abstract] | |
Cash Flow Hedge | Note 1 1 . Cash Flow Hedge On November 7, 2014, the Company entered into an interest rate swap with a total notional amount of $30 million. The Company designated the swap as a cash flow hedge intended to protect against the variability in the expected future cash flows on the designated variable rate borrowings. The swap hedges the interest rate risk, wherein the Company will receive an interest rate based on the three month LIBOR from the counterparty and pays an interest rate of 1.69% to the same counterparty calculated on the notional amount for a term of five years. The Company intends to sequentially issue a series of three month fixed rate debt as part of a planned roll-over of short term debt for five years. The forecasted funding will be provided through one of the following wholesale funding sources: a new FHLB advance, a new repurchase agreement, or a pool of brokered CDs, based on whichever market offers the most advantageous pricing at the time that pricing is first initially determined for the effective date of the swap and each reset period thereafter. Each quarter when the Company rolls over the three month debt, it will decide at that time which funding source to use for that quarterly period. The swap was entered into with a counterparty that met the Company’s credit standards, and the agreement contains collateral provisions protecting the at-risk party. The Company believes that the credit risk inherent in the contract is not significant. T he Company had $390,000 of cash pledged as collateral for each of the periods ended March 31, 2017 and December 31, 2016. Amounts receivable or payable are recognized as accrued under the terms of the agreements. In accordance with FASB ASC 815, Derivatives and Hedging , the Company has designated the swap as a cash flow hedge, with the effective portions of the derivatives’ unrealized gains or losses recorded as a component of other comprehensive income. The ineffective portions of the unrealized gains or losses, if any, would be recorded in other operating expense. The Company has assessed the effectiveness of each hedging relationship by comparing the changes in cash flows on the designated hedged item. The Company’s cash flow hedge was deemed to be effective for the three months ended March 31, 2017 and 2016 . T he fair value of the Company’s cash flow hedge was an unrealized gain of $12,000 and an unrealized loss of $70,000 at March 31, 2017 and December 31, 2016, respectively, and was recorded in other assets and other liabilities , respectively . The gain and loss were recorded as a component of other comprehensive income net of associated tax effects . |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Securities [Abstract] | |
Amortized Costs and Fair Values of Securities Available for Sale and Held to Maturity | Amortized costs and fair values of securities available for sale and held to maturity at March 3 1 , 201 7 and December 31, 201 6 were as follows ( dollars in thousands): March 31, 2017 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue and other U.S. Gov’t agencies $ 49,637 $ 18 $ (701) $ 48,954 U.S. Gov’t sponsored agencies 2,921 — (59) 2,862 State, county and municipal 125,731 2,398 (1,042) 127,087 Corporate and other bonds 16,246 54 (239) 16,061 Mortgage backed – U.S. Gov’t agencies 3,606 — (130) 3,476 Mortgage backed – U.S. Gov’t sponsored agencies 15,519 25 (271) 15,273 Total Securities Available for Sale $ 213,660 $ 2,495 $ (2,442) $ 213,713 Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ 10,000 $ — $ (124) $ 9,876 State, county and municipal 35,831 668 (178) 36,321 Mortgage backed – U.S. Gov’t agencies 669 15 — 684 Total Securities Held to Maturity $ 46,500 $ 683 $ (302) $ 46,881 December 31, 2016 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue and other U.S. Gov’t agencies $ 58,724 $ 15 $ (763) $ 57,976 U.S. Gov’t sponsored agencies 3,452 — (116) 3,336 State, county and municipal 121,686 2,247 (1,160) 122,773 Corporate and other bonds 15,936 — (433) 15,503 Mortgage backed – U.S. Gov’t agencies 3,614 — (119) 3,495 Mortgage backed – U.S. Gov’t sponsored agencies 13,330 21 (313) 13,038 Total Securities Available for Sale $ 216,742 $ 2,283 $ (2,904) $ 216,121 Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ 10,000 $ — $ (154) $ 9,846 State, county and municipal 35,847 568 (185) 36,230 Mortgage backed – U.S. Gov’t agencies 761 21 — 482 Total Securities Held to Maturity $ 46,608 $ 589 $ (339) $ 46,858 |
Amortized Cost and Fair Value of Securities by Contractual Maturity | Held to Maturity Available for Sale (dollars in thousands) Amortized Cost Fair Value Amortized Cost Fair Value Due in one year or less $ 13,104 $ 12,998 $ 1,837 $ 1,862 Due after one year through five years 11,481 11,641 91,477 92,637 Due after five years through ten years 13,667 13,907 100,870 100,024 Due after ten years 8,248 8,335 19,476 19,190 Total securities $ 46,500 $ 46,881 $ 213,660 $ 213,713 |
Summary of Realized Gains and Losses on Sales of Securities | Gross realized gains and losses on sales of securities available for sale during the three months ended March 3 1 , 201 7 and 201 6 were as follows (dollars in thousands) : Three Months Ended March 31, 2017 March 31, 2016 Gross realized gains $ 130 $ 754 Gross realized losses (35) (495) Net securities gains $ 95 $ 259 |
Summary of Fair Value and Gross Unrealized Losses for Securities Available for Sale | The fair value and gross unrealized losses for securities, segregated by the length of time that individual securities have been in a continuous gross unrealized loss position, at March 3 1 , 201 7 and December 31, 201 6 were as follows (dollars in thousands): March 31, 2017 Less than 12 Months 12 Months or More Total Securities Available for Sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury issue and other U.S. Gov’t agencies $ 17,873 $ (290) $ 25,400 $ (411) $ 43,273 $ (701) U.S. Gov’t sponsored agencies - - 2,362 (59) 2,362 (59) State, county and municipal 33,054 (729) 3,483 (313) 36,537 (1,042) Corporate and other bonds 2,995 (75) 7,363 (164) 10,358 (239) Mortgage backed – U.S. Gov’t agencies 1,586 (22) 1,890 (108) 3,476 (130) Mortgage backed – U.S. Gov’t sponsored agencies 10,157 (270) 132 (1) 10,289 (271) Total $ 65,665 $ (1,386) $ 40,630 $ (1,056) $ 106,295 $ (2,442) Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ 9,876 $ (124) $ - $ - $ 9,876 $ (124) State, county and municipal 7,494 (178) - - 7,494 (178) Total $ 17,370 $ (302) $ - $ - $ 17,370 $ (302) December 31, 2016 Less than 12 Months 12 Months or More Total Securities Available for Sale Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury issue and other U.S. Gov’t agencies $ 29,756 $ (324) $ 25,155 $ (439) $ 54,911 $ (763) U.S. Gov’t sponsored agencies - - 2,523 (116) 2,523 (116) State, county and municipal 39,713 (848) 3,885 (312) 43,598 (1,160) Corporate and other bonds 6,864 (103) 8,639 (330) 15,503 (433) Mortgage backed – U.S. Gov’t agencies 1,598 (18) 1,897 (101) 3,495 (119) Mortgage backed – U.S. Gov’t sponsored agencies 9,247 (313) - - 9,247 (313) Total $ 87,178 $ (1,606) $ 42,099 $ (1,298) $ 129,277 $ (2,904) Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ 9,846 $ (154) $ - $ - $ 9,846 $ (154) State, county and municipal 8,052 (185) - - 8,052 (185) Total $ 17,898 $ (339) $ - $ - $ 17,898 $ (339) |
Loans and Related Allowance f20
Loans and Related Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Loans and Related Allowance for Loan Losses [Abstract] | |
Summary of Loans | The Company’s loans, net of deferred fees and costs, at March 3 1 , 201 7 and December 31, 201 6 were comprised of the following (dollars in thousands): March 31, 2017 December 31, 2016 Amount % of Loans Amount % of Loans Mortgage loans on real estate: Residential 1-4 family $ 210,517 24.71 % $ 207,863 24.86 % Commercial 343,604 40.32 339,804 40.63 Construction and land development 96,152 11.28 98,282 11.75 Second mortgages 7,724 0.91 7,911 0.95 Multifamily 49,469 5.80 39,084 4.67 Agriculture 7,449 0.87 7,185 0.86 Total real estate loans 714,915 83.89 700,129 83.72 Commercial loans 130,729 15.34 129,300 15.46 Consumer installment loans 5,321 0.62 5,627 0.67 All other loans 1,261 0.15 1,243 0.15 Total loans $ 852,226 100.00 % $ 836,299 100.00 % |
Summary of Information Related to Impaired Loans | The following table summarizes information related to impaired loans as of March 3 1 , 201 7 (dollars in thousands): Three months ended March 31, 2017 March 31, 2017 With no related allowance recorded: Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance Average Investment Interest Recognized Mortgage loans on real estate: Residential 1-4 family $ 2,189 $ 2,479 $ — $ 1,947 $ 7 Commercial 4,156 4,726 — 5,363 38 Construction and land development — — — — — Total real estate loans 6,345 7,205 — 7,310 45 Commercial loans — — — 600 — Consumer installment loans — — — — — Subtotal impaired loans with no valuation allowance 6,345 7,205 — 7,910 45 With an allowance recorded: Mortgage loans on real estate: Residential 1-4 family 2,335 2,737 321 2,478 12 Commercial 396 786 50 506 2 Construction and land development 4,304 5,558 538 4,900 — Total real estate loans 7,035 9,081 909 7,884 14 Commercial loans 284 284 36 168 1 Consumer installment loans 42 46 5 162 — Subtotal impaired loans with a valuation allowance 7,361 9,411 950 8,214 15 Total: Mortgage loans on real estate: Residential 1-4 family 4,524 5,216 321 4,425 19 Commercial 4,552 5,512 50 5,869 40 Construction and land development 4,304 5,558 538 4,900 — Total real estate loans 13,380 16,286 909 15,194 59 Commercial loans 284 284 36 768 1 Consumer installment loans 42 46 5 162 — Total impaired loans $ 13,706 $ 16,616 $ 950 $ 16,124 $ 60 (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs The following table summarizes information related to impaired loans as of December 31, 201 6 and the three months ended March 31, 2016 (dollars in thousands): Three months ended December 31, 2016 March 31, 2016 With no related allowance recorded: Recorded Investment (1) Unpaid Principal Balance (2) Related Allowance Average Investment Interest Recognized Mortgage loans on real estate: Residential 1-4 family $ 1,704 $ 1,931 $ — $ 2,455 $ 11 Commercial 6,570 7,078 — 4,297 39 Construction and land development — — — — — Second mortgages — — — — — Total real estate loans 8,274 9,009 — 6,752 50 Commercial loans 1,200 1,200 — — — Consumer installment loans — — — 124 1 Subtotal impaired loans with no valuation allowance 9,474 10,209 — 6,876 51 With an allowance recorded: Mortgage loans on real estate: Residential 1-4 family 2,621 3,062 283 3,400 7 Commercial 617 1,051 73 481 2 Construction and land development 5,495 6,746 730 4,502 — Second mortgages — — — 80 — Total real estate loans 8,733 10,859 1,086 8,463 9 Commercial loans 53 53 7 27 — Consumer installment loans 281 285 37 79 — Subtotal impaired loans with a valuation allowance 9,067 11,197 1,130 8,569 9 Total: Mortgage loans on real estate: Residential 1-4 family 4,325 4,993 283 5,855 18 Commercial 7,187 8,129 73 4,778 41 Construction and land development 5,495 6,746 730 4,502 — Second mortgages — — — 80 — Total real estate loans 17,007 19,868 1,086 15,215 59 Commercial loans 1,253 1,253 7 27 — Consumer installment loans 281 285 37 203 1 Total impaired loans $ 18,541 $ 21,406 $ 1,130 $ 15,445 $ 60 (1) The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment (2) The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs |
Summary of Financial Receivable Impaired Average Recorded Investment | Troubled debt restructures and some substandard loans still accruing interest are loans that management expects to ultimately collect all principal and interest due, but not under the terms of the original contract. A reconciliation of impaired loans to nonaccrual loans at March 3 1 , 201 7 and December 31, 201 6 , is set forth in the table below (dollars in thousands): March 31, 2017 December 31, 2016 Nonaccruals $ 9,091 $ 10,243 Trouble debt restructure and still accruing 4,615 4,653 Substandard and still accruing — 3,645 Total impaired $ 13,706 $ 18,541 |
Age Analysis of Past Due Status of Loans, Excluding PCI Loans | The following tables present an age analysis of past due status of loans by category as of March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 30-89 Days Past Due 90+ Days Past Due and Accruing Nonaccrual Total Past Due Current Total Loans Receivable Mortgage loans on real estate: Residential 1-4 family $ 271 $ — $ 3,104 $ 3,375 $ 207,142 $ 210,517 Commercial — — 1,588 1,588 342,016 343,604 Construction and land development — — 4,304 4,304 91,848 96,152 Second mortgages — — — — 7,724 7,724 Multifamily — — — — 49,469 49,469 Agriculture — 112 — 112 7,337 7,449 Total real estate loans 271 112 8,996 9,379 705,536 714,915 Commercial loans 334 — 53 387 130,342 130,729 Consumer installment loans 27 — 42 69 5,252 5,321 All other loans — — — — 1,261 1,261 Total loans $ 632 $ 112 $ 9,091 $ 9,835 $ 842,391 $ 852,226 December 31, 2016 30-89 Days Past Due 90+ Days Past Due and Accruing Nonaccrual Total Past Due Current Total Loans Receivable Mortgage loans on real estate: Residential 1-4 family $ 296 $ — $ 2,893 $ 3,189 $ 204,674 $ 207,863 Commercial — — 1,758 1,758 338,046 339,804 Construction and land development 54 — 5,495 5,549 92,733 98,282 Second mortgages — — — — 7,911 7,911 Multifamily — — — — 39,084 39,084 Agriculture — — — — 7,185 7,185 Total real estate loans 350 — 10,146 10,496 689,633 700,129 Commercial loans — — 53 53 129,247 129,300 Consumer installment loans 3 — 44 47 5,580 5,627 All other loans — — — — 1,243 1,243 Total loans $ 353 $ — $ 10,243 $ 10,596 $ 825,703 $ 836,299 |
Allowance for Loan Losses on Loans, Excluding PCI Loans, by Segment | Activity in the allowance for loan losses , excluding PCI loans, on loans by segment for the thre e months ended March 3 1 , 201 7 and 201 6 is presented in the following tables (dollars in thousands): December 31, 2016 Provision Allocation Charge-offs Recoveries March 31, 2017 Mortgage loans on real estate: Residential 1-4 family $ 2,769 $ 62 $ (26) $ 18 $ 2,823 Commercial 1,952 (183) — 7 1,776 Construction and land development 2,195 (635) (14) 1 1,547 Second mortgages 72 (69) — 47 50 Multifamily 260 (67) — — 193 Agriculture 15 17 — — 32 Total real estate loans 7,263 (875) (40) 73 6,421 Commercial loans 602 712 — 2 1,316 Consumer installment loans 135 13 (45) 30 133 All other loans 7 8 — — 15 Unallocated 1,486 142 — — 1,628 Total loans $ 9,493 $ — $ (85) $ 105 $ 9,513 December 31, 2015 Provision Allocation Charge-offs Recoveries March 31, 2016 Mortgage loans on real estate: Residential 1-4 family $ 2,884 $ (508) $ (19) $ 98 $ 2,455 Commercial 3,769 (630) (37) 12 3,114 Construction and land development 1,298 290 — 1 1,589 Second mortgages 96 3 — 4 103 Multifamily 141 159 — — 300 Agriculture 24 (12) — — 12 Total real estate loans 8,212 (698) (56) 115 7,573 Commercial loans 631 317 — — 948 Consumer installment loans 93 17 (82) 58 86 All other loans 25 (19) — — 6 Unallocated 598 383 — — 981 Total loans $ 9,559 $ — $ (138) $ 173 $ 9,594 |
Loans Evaluated for Impairment | The following tables present information on the loans evaluated for impairment in the allowance for loan losses as of March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 Allowance for Loan Losses Recorded Investment in Loans Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Mortgage loans on real estate: Residential 1-4 family $ 321 $ 2,502 $ 2,823 $ 4,524 $ 205,993 $ 210,517 Commercial 50 1,726 1,776 4,552 339,052 343,604 Construction and land development 538 1,009 1,547 4,304 91,848 96,152 Second mortgages — 50 50 — 7,724 7,724 Multifamily — 193 193 — 49,469 49,469 Agriculture — 32 32 — 7,449 7,449 Total real estate loans 909 5,512 6,421 13,380 701,535 714,915 Commercial loans 36 1,280 1,316 284 130,445 130,729 Consumer installment loans 5 128 133 42 5,279 5,321 All other loans — 15 15 — 1,261 1,261 Unallocated — 1,628 1,628 — — — Total loans $ 950 $ 8,563 $ 9,513 $ 13,706 $ 838,520 $ 852,226 December 31, 2016 Allowance for Loan Losses Recorded Investment in Loans Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Mortgage loans on real estate: Residential 1-4 family $ 283 $ 2,486 $ 2,769 $ 4,325 $ 203,538 $ 207,863 Commercial 73 1,879 1,952 7,187 332,617 339,804 Construction and land development 730 1,465 2,195 5,495 92,787 98,282 Second mortgages — 72 72 — 7,911 7,911 Multifamily — 260 260 — 39,084 39,084 Agriculture — 15 15 — 7,185 7,185 Total real estate loans 1,086 6,177 7,263 17,007 683,122 700,129 Commercial loans 7 595 602 1,253 128,047 129,300 Consumer installment loans 37 98 135 281 5,346 5,627 All other loans — 7 7 — 1,243 1,243 Unallocated — 1,486 1,486 — — — Total loans $ 1,130 $ 8,363 $ 9,493 $ 18,541 $ 817,758 $ 836,299 |
Loans, Excluding PCI Loans, by Credit Quality Indicator | The following tables present the composition of loans by credit quality indicator at March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 Pass Special Mention Substandard Doubtful Total Mortgage loans on real estate: Residential 1-4 family $ 203,046 $ 4,171 $ 3,300 $ — $ 210,517 Commercial 334,557 3,330 5,717 — 343,604 Construction and land development 91,659 189 4,304 — 96,152 Second mortgages 7,245 479 — — 7,724 Multifamily 46,883 — 2,586 — 49,469 Agriculture 7,224 113 112 — 7,449 Total real estate loans 690,614 8,282 16,019 — 714,915 Commercial loans 123,179 5,111 2,439 — 130,729 Consumer installment loans 5,256 23 42 — 5,321 All other loans 1,261 — — — 1,261 Total loans $ 820,310 $ 13,416 $ 18,500 $ — $ 852,226 December 31, 2016 Pass Special Mention Substandard Doubtful Total Mortgage loans on real estate: Residential 1-4 family $ 199,973 $ 4,612 $ 3,278 $ — $ 207,863 Commercial 330,851 3,168 5,785 — 339,804 Construction and land development 92,556 234 5,492 — 98,282 Second mortgages 7,474 437 — — 7,911 Multifamily 36,474 — 2,610 — 39,084 Agriculture 7,067 118 — — 7,185 Total real estate loans 674,395 8,569 17,165 — 700,129 Commercial loans 122,129 5,879 1,292 — 129,300 Consumer installment loans 5,563 20 44 — 5,627 All other loans 1,243 — — — 1,243 Total loans $ 803,330 $ 14,468 $ 18,501 $ — $ 836,299 |
PCI Loans and Related Allowan21
PCI Loans and Related Allowance for Loan Losses (Tables) - Covered Loans [Member] | 3 Months Ended |
Mar. 31, 2017 | |
Summary of PCI Loans | The carrying amount, by loan type, as of these dates is as follows (dollars in thousands): March 31, 2017 December 31, 2016 Amount % of PCI Loans Amount % of PCI Loans Mortgage loans on real estate: Residential 1-4 family $ 44,465 89.40 % $ 46,623 89.72 % Commercial 622 1.25 649 1.25 Construction and land development 1,935 3.89 1,969 3.79 Second mortgages 2,450 4.93 2,453 4.72 Multifamily 266 0.53 270 0.52 Total real estate loans 49,738 100.00 51,964 100.00 Total PCI loans $ 49,738 100.00 % $ 51,964 100.00 % |
Summary of Purchased Credit Impaired Loans Collectively Evaluated for Impairment in the Allowance for Loan Losses | The following table presents information on the PCI loans collectively evaluated for impairment in the allowance for loan losses at March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 December 31, 2016 Allowance for loan losses Recorded investment in loans Allowance for loan losses Recorded investment in loans Mortgage loans on real estate: Residential 1-4 family $ 200 $ 44,465 $ 200 $ 46,623 Commercial — 622 — 649 Construction and land development — 1,935 — 1,969 Second mortgages — 2,450 — 2,453 Multifamily — 266 — 270 Total real estate loans 200 49,738 200 51,964 Total PCI loans $ 200 $ 49,738 $ 200 $ 51,964 |
Summary of Changes in the Accretable Yield | The change in the accretable yield balance for the three months ended March 3 1 , 201 7 and the year ended December 31, 201 6 , is as follows (dollars in thousands): Balance, January 1, 2016 $ 49,128 Accretion (6,206) Reclassification from nonaccretable yield 5,433 Balance, December 31, 2016 $ 48,355 Accretion (1,479) Reclassification from nonaccretable yield 45 Balance, March 31, 2017 $ 46,921 |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Other Real Estate Owned [Abstract] | |
Schedule of Other Real Estate Owned | The following table presents the balances of other real estate owned at March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 December 31, 2016 Residential 1-4 family $ 454 $ 1,276 Commercial 630 643 Construction and land development 2,485 2,508 Total other real estate owned $ 3,569 $ 4,427 |
Deposits (Tables)
Deposits (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Deposits [Abstract] | |
Summary of Interest Bearing Deposits | The following table provides interest bearing deposit information, by type, as of March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 December 31, 2016 NOW $ 130,971 $ 137,332 MMDA 103,042 111,346 Savings 92,683 90,340 Time deposits less than or equal to $250,000 452,075 440,699 Time deposits over $250,000 144,859 128,690 Total interest bearing deposits $ 923,630 $ 908,407 |
Accumulated Other Comprehensi24
Accumulated Other Comprehensive Income (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Accumulated Other Comprehensive Income [Abstract] | |
Summary of Accumulated Other Comprehensive Income | The following tables present activity net of tax in accumulated other comprehensive (loss) income (AOCI) for the three mont hs ended March 3 1 , 201 7 and 201 6 (dollars in thousands): Three months ended March 31, 2017 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Gain (Loss) on Cash Flow Hedge Total Other Comprehensive (Loss) Income Beginning balance $ (410) $ (767) $ (46) $ (1,223) Other comprehensive income (loss) before reclassifications 508 - 54 562 Amounts reclassified from AOCI (63) - - (63) Net current period other comprehensive income (loss) 445 - 54 499 Ending balance $ 35 $ (767) $ 8 $ (724) Three months ended March 31, 2016 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Gain (Loss) on Cash Flow Hedge Total Other Comprehensive (Loss) Income Beginning balance $ 443 $ (901) $ (131) $ (589) Other comprehensive income (loss) before reclassifications 2,345 - (362) 1,983 Amounts reclassified from AOCI (171) - - (171) Net current period other comprehensive income (loss) 2,174 - (362) 1,812 Ending balance $ 2,617 $ (901) $ (493) $ 1,223 |
Effects of Reclassifications Out of AOCI | The following table present s the effects of reclassifications out of AOCI on line items of consolidated income for the three months ended March 3 1 , 201 7 and 201 6 (dollars in thousands): Details about AOCI Components Amount Reclassified fromAOCI Affected Line Item in the Unaudited Consolidated Statement of Income (Loss) Three months ended March 31, 2017 March 31, 2016 Securities available for sale Unrealized gains on securities available for sale $ (95) $ (259) Gain on securities transactions, net Related tax expense 32 88 Income tax expense $ (63) $ (171) Net of tax |
Fair Values of Assets and Lia25
Fair Values of Assets and Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Fair Values of Assets and Liabilities [Abstract] | |
Assets and Liabilities Recorded at Fair Value on Recurring Basis | The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis (dollars in thousands): March 31, 2017 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue and other U.S. Gov’t agencies $ 48,954 $ 1,790 $ 47,164 $ - U.S. Gov’t sponsored agencies 2,862 - 2,862 - State, county and municipal 127,087 3,328 123,759 - Corporate and other bonds 16,061 - 16,061 - Mortgage backed – U.S. Gov’t agencies 3,476 - 3,476 - Mortgage backed – U.S. Gov’t sponsored agencies 15,273 1,066 14,207 - Total investment securities available for sale 213,713 6,184 207,529 - Cash flow hedge $ 12 $ - $ 12 $ - Total assets at fair value $ 213,725 $ 6,184 $ 207,541 $ - Total liabilities at fair value $ - $ - $ - $ - December 31, 2016 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue and other U.S. Gov’t agencies $ 57,976 $ 11,055 $ 46,921 $ - U.S. Gov’t sponsored agencies 3,336 952 2,384 - State, county and municipal 122,773 2,345 120,428 - Corporate and other bonds 15,503 - 15,503 - Mortgage backed – U.S. Gov’t agencies 3,495 - 3,495 - Mortgage backed – U.S. Gov’t sponsored agencies 13,038 - 13,038 - Total investment securities available for sale 216,121 14,352 201,769 - Total assets at fair value $ 216,121 $ 14,352 $ 201,769 $ - Cash flow hedge $ (70) $ - $ (70) $ - Total liabilities at fair value $ (70) $ - $ (70) $ - |
Assets and Liabilities Measured at Fair Value on Nonrecurring Basis | The following tables present assets measured at fair value on a nonrecurring basis as of March 3 1 , 201 7 and December 31, 201 6 (dollars in thousands): March 31, 2017 Total Level 1 Level 2 Level 3 Impaired loans $ 8,557 $ — $ 1,969 $ 6,588 Other real estate owned 3,569 — 1,995 1,574 Total assets at fair value $ 12,126 $ — $ 3,964 $ 8,162 Total liabilities at fair value $ — $ — $ — $ — December 31, 2016 Total Level 1 Level 2 Level 3 Impaired loans $ 9,536 $ — $ 2,168 $ 7,368 Other real estate owned 4,427 — 3,408 1,019 Total assets at fair value $ 13,963 $ — $ 5,576 $ 8,387 Total liabilities at fair value $ — $ — $ — $ — |
Summary of Fair Value of Financial Instruments | These tables exclude financial instruments for which the carrying value approximates fair value (dollars in thousands): March 3 1 , 201 7 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $46,500 $46,881 $ — $46,881 $ — Loans, net of allowance 842,713 846,180 — 839,592 6,588 PCI loans, net of allowance 49,538 55,408 — — 55,408 Financial liabilities: Interest bearing deposits 923,630 924,471 — 924,471 — Long-term borrowings 85,816 85,711 — 85,711 — December 31, 201 6 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $46,608 $46,858 $1,093 $45,765 $ — Loans, net of allowance 826,806 829,349 — 821,981 7,368 PCI loans, net of allowance 51,764 57,100 — — 57,100 Financial liabilities: Interest bearing deposits 908,407 909,627 — 909,627 — Long-term borrowings 87,681 87,611 — 87,611 — |
Earnings Per Common Share (Tabl
Earnings Per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Earnings Per Common Share [Abstract] | |
Computation of Earnings per Share | The following table presents basic and diluted EPS for the three months ended March 3 1 , 201 7 and 201 6 (dollars and shares in thousands, except per share data): Net Income (Numerator) Weighted Average Common Shares (Denominator) Per Common Share Amount For the three months ended March 31, 2017 Basic EPS $ 2,493 21,962 $ 0.11 Effect of dilutive stock awards — 471 — Diluted EPS $ 2,493 22,433 $ 0.11 For the three months ended March 31, 2016 Basic EPS $ 2,420 21,873 $ 0.11 Effect of dilutive stock awards — 192 — Diluted EPS $ 2,420 22,065 $ 0.11 |
Employee Benefit Plan (Tables)
Employee Benefit Plan (Tables) | 3 Months Ended |
Mar. 31, 2017 | |
Employee Benefit Plan [Abstract] | |
Components of Net Periodic Benefit Cost for Plan | The following table provides the components of net periodic benefit cost for the plan for the three months ended March 3 1 , 201 7 and 201 6 (dollars in thousands): Three months ended March 31, 2017 March 31, 2016 Interest cost $ 39 $48 Expected return on plan assets (70) (82) Amortization of prior service cost 1 1 Recognized net loss due to settlement — 13 Recognized net actuarial loss 12 13 Net periodic benefit cost $ (18) $ (7) |
Nature of Banking Activities 28
Nature of Banking Activities and Significant Accounting Policies (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2017property | |
Organization And Significant Accounting Policies [Line Items] | |
Number of full-service offices | 23 |
Virginia [Member] | |
Organization And Significant Accounting Policies [Line Items] | |
Number of loan production offices | 1 |
Securities (Narrative) (Details
Securities (Narrative) (Details) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2017USD ($)security | Mar. 31, 2016USD ($) | Dec. 31, 2016USD ($) | |
Schedule Of Marketable Securities [Line Items] | |||
Proceeds from sales of securities | $ 22,300 | $ 51,400 | |
Investments held having OTTI losses | $ 0 | $ 0 | |
Number of securities with unrealized losses | security | 147 | ||
Investment grade corporate obligations comprise securities with unrealized losses | security | 16 | ||
Securities with amortized costs | $ 72,300 | $ 75,800 | |
Securities purchased from single issuer other than U.S. Treasury issue and other U.S. Government agencies | $ 0 | $ 0 | |
Minimum percentage of securities purchased from U.S. Treasury issue and other U.S. Government agencies | 10.00% | 10.00% | |
Available-for-sale Securities Pledged as Collateral | $ 4,200 | $ 4,400 | |
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | |||
Schedule Of Marketable Securities [Line Items] | |||
Securities with investment grade | security | 131 |
Securities (Amortized Costs and
Securities (Amortized Costs and Fair Values of Securities Available for Sale and Held to Maturity) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | $ 213,660 | $ 216,742 |
Securities Available for Sale, Gross Unrealized Gains | 2,495 | 2,283 |
Securities Available for Sale, Gross Unrealized Losses | (2,442) | (2,904) |
Securities Available for Sale, Fair Value | 213,713 | 216,121 |
Securities Held to Maturity, Amortized Cost | 46,500 | 46,608 |
Securities Held to Maturity, Gross Unrealized Gains | 683 | 589 |
Securities Held to Maturity, Gross Unrealized Losses | (302) | (339) |
Securities Held to Maturity, Fair Value | 46,881 | 46,858 |
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 49,637 | 58,724 |
Securities Available for Sale, Gross Unrealized Gains | 18 | 15 |
Securities Available for Sale, Gross Unrealized Losses | (701) | (763) |
Securities Available for Sale, Fair Value | 48,954 | 57,976 |
Securities Held to Maturity, Amortized Cost | 10,000 | 10,000 |
Securities Held to Maturity, Gross Unrealized Losses | (124) | (154) |
Securities Held to Maturity, Fair Value | 9,876 | 9,846 |
U.S. Gov't Sponsored Agencies [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 2,921 | 3,452 |
Securities Available for Sale, Gross Unrealized Losses | (59) | (116) |
Securities Available for Sale, Fair Value | 2,862 | 3,336 |
State, County and Municipal [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 125,731 | 121,686 |
Securities Available for Sale, Gross Unrealized Gains | 2,398 | 2,247 |
Securities Available for Sale, Gross Unrealized Losses | (1,042) | (1,160) |
Securities Available for Sale, Fair Value | 127,087 | 122,773 |
Securities Held to Maturity, Amortized Cost | 35,831 | 35,847 |
Securities Held to Maturity, Gross Unrealized Gains | 668 | 568 |
Securities Held to Maturity, Gross Unrealized Losses | (178) | (185) |
Securities Held to Maturity, Fair Value | 36,321 | 36,230 |
Corporate and Other Bonds [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 16,246 | 15,936 |
Securities Available for Sale, Gross Unrealized Gains | 54 | |
Securities Available for Sale, Gross Unrealized Losses | (239) | (433) |
Securities Available for Sale, Fair Value | 16,061 | 15,503 |
Mortgage Backed - U.S. Gov't Agencies [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 3,606 | 3,614 |
Securities Available for Sale, Gross Unrealized Losses | (130) | (119) |
Securities Available for Sale, Fair Value | 3,476 | 3,495 |
Securities Held to Maturity, Amortized Cost | 669 | 761 |
Securities Held to Maturity, Gross Unrealized Gains | 15 | 21 |
Securities Held to Maturity, Gross Unrealized Losses | ||
Securities Held to Maturity, Fair Value | 684 | 482 |
Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 15,519 | 13,330 |
Securities Available for Sale, Gross Unrealized Gains | 25 | 21 |
Securities Available for Sale, Gross Unrealized Losses | (271) | (313) |
Securities Available for Sale, Fair Value | $ 15,273 | $ 13,038 |
Securities (Amortized Cost and
Securities (Amortized Cost and Fair Value of Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Securities [Abstract] | ||
Due in one year or less, Held to Maturity, Amortized Cost | $ 13,104 | |
Due after one year through five years, Held to Maturity, Amortized Cost | 11,481 | |
Due after five years through ten years, Held to Maturity, Amortized Cost | 13,667 | |
Due after ten years, Held to Maturity, Amortized Cost | 8,248 | |
Total securities, Held to Maturity, Amortized Cost | 46,500 | $ 46,608 |
Due in one year or less, Held to Maturity, Fair Value | 12,998 | |
Due after one year through five years, Held to Maturity, Fair Value | 11,641 | |
Due after five years through ten years, Held to Maturity, Fair Value | 13,907 | |
Due after ten years, Held to Maturity, Fair Value | 8,335 | |
Securities Held to Maturity, Fair Value | 46,881 | 46,858 |
Due in one year or less, Available for Sale, Amortized Cost | 1,837 | |
Due after one year through five years, Available for Sale, Amortized Cost | 91,477 | |
Due after five years through ten years, Available for Sale, Amortized Cost | 100,870 | |
Due after ten years, Available for Sale, Amortized Cost | 19,476 | |
Securities Available for Sale, Amortized Cost | 213,660 | 216,742 |
Due in one year or less, Available for Sale, Fair Value | 1,862 | |
Due after one year through five years, Available for Sale, Fair Value | 92,637 | |
Due after five years through ten years, Available for Sale, Fair Value | 100,024 | |
Due after ten years, Available for Sale, Fair Value | 19,190 | |
Securities Available for Sale, Fair Value | $ 213,713 | $ 216,121 |
Securities (Summary of Realized
Securities (Summary of Realized Gains and Losses on Sales of Securities) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Securities [Abstract] | ||
Gross realized gains | $ 130 | $ 754 |
Gross realized losses | (35) | (495) |
Net securities gains | $ 95 | $ 259 |
Securities (Summary of Fair Val
Securities (Summary of Fair Value and Gross Unrealized Losses for Securities Available for Sale) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | $ 65,665 | $ 87,178 |
Unrealized Loss, Less than 12 Months | (1,386) | (1,606) |
Fair Value, 12 Months or More | 40,630 | 42,099 |
Unrealized Loss, 12 Months or More | (1,056) | (1,298) |
Fair Value, Total | 106,295 | 129,277 |
Unrealized Loss, Total | (2,442) | (2,904) |
Securities Held to Maturity | ||
Fair Value, Less than 12 Months | 17,370 | 17,898 |
Unrealized Loss, Less than 12 Months | (302) | (339) |
Fair Value, Total | 17,370 | 17,898 |
Unrealized Loss, Total | (302) | (339) |
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 17,873 | 29,756 |
Unrealized Loss, Less than 12 Months | (290) | (324) |
Fair Value, 12 Months or More | 25,400 | 25,155 |
Unrealized Loss, 12 Months or More | (411) | (439) |
Fair Value, Total | 43,273 | 54,911 |
Unrealized Loss, Total | (701) | (763) |
Securities Held to Maturity | ||
Fair Value, Less than 12 Months | 9,876 | 9,846 |
Unrealized Loss, Less than 12 Months | (124) | (154) |
Fair Value, Total | 9,876 | 9,846 |
Unrealized Loss, Total | (124) | (154) |
U.S. Gov't Sponsored Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, 12 Months or More | 2,362 | 2,523 |
Unrealized Loss, 12 Months or More | (59) | (116) |
Fair Value, Total | 2,362 | 2,523 |
Unrealized Loss, Total | (59) | (116) |
State, County and Municipal [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 33,054 | 39,713 |
Unrealized Loss, Less than 12 Months | (729) | (848) |
Fair Value, 12 Months or More | 3,483 | 3,885 |
Unrealized Loss, 12 Months or More | (313) | (312) |
Fair Value, Total | 36,537 | 43,598 |
Unrealized Loss, Total | (1,042) | (1,160) |
Securities Held to Maturity | ||
Fair Value, Less than 12 Months | 7,494 | 8,052 |
Unrealized Loss, Less than 12 Months | (178) | (185) |
Fair Value, Total | 7,494 | 8,052 |
Unrealized Loss, Total | (178) | (185) |
Corporate and Other Bonds [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 2,995 | 6,864 |
Unrealized Loss, Less than 12 Months | (75) | (103) |
Fair Value, 12 Months or More | 7,363 | 8,639 |
Unrealized Loss, 12 Months or More | (164) | (330) |
Fair Value, Total | 10,358 | 15,503 |
Unrealized Loss, Total | (239) | (433) |
Mortgage Backed - U.S. Gov't Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 1,586 | 1,598 |
Unrealized Loss, Less than 12 Months | (22) | (18) |
Fair Value, 12 Months or More | 1,890 | 1,897 |
Unrealized Loss, 12 Months or More | (108) | (101) |
Fair Value, Total | 3,476 | 3,495 |
Unrealized Loss, Total | (130) | (119) |
Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 10,157 | 9,247 |
Unrealized Loss, Less than 12 Months | (270) | (313) |
Fair Value, 12 Months or More | 132 | |
Unrealized Loss, 12 Months or More | (1) | |
Fair Value, Total | 10,289 | 9,247 |
Unrealized Loss, Total | $ (271) | $ (313) |
Loans and Related Allowance f34
Loans and Related Allowance for Loan Losses (Narrative) (Details) | 3 Months Ended | ||
Mar. 31, 2017USD ($)loan | Mar. 31, 2016USD ($)loan | Dec. 31, 2016USD ($) | |
Financing Receivable, Recorded Investment [Line Items] | |||
Purchased government-guaranteed loans | $ 852,226,000 | $ 836,299,000 | |
Recoveries | 105,000 | $ 173,000 | |
Interest income recognized on impaired loans | 60,000 | 60,000 | |
Estimated interest income | $ 163,000 | $ 204,000 | |
Number of contracts | loan | 0 | 0 | |
1-4 family mortgages pledged as collateral to the Federal Bank Home Loan | $ 149,400,000 | ||
Total borrowing capacity | 135,000,000 | ||
Provision for loan losses | |||
Guaranteed Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Purchased government-guaranteed loans | $ 15,700,000 | 15,800,000 | |
Percentage of loans guaranteed by the USDA | 100.00% | ||
Unamortized purchase premium | $ 718,000 | $ 749,000 | |
Consumer Installment Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Recoveries | 30,000 | 58,000 | |
Interest income recognized on impaired loans | 1,000 | ||
Pre-modification balance | 248,000 | ||
Post-modification balance | 248,000 | ||
Provision for loan losses | $ 13,000 | $ 17,000 |
Loans and Related Allowance f35
Loans and Related Allowance for Loan Losses (Summary of Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 852,226 | $ 836,299 |
Percent of loans | 100.00% | 100.00% |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 714,915 | $ 700,129 |
Percent of loans | 83.89% | 83.72% |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 210,517 | $ 207,863 |
Percent of loans | 24.71% | 24.86% |
Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 343,604 | $ 339,804 |
Percent of loans | 40.32% | 40.63% |
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 96,152 | $ 98,282 |
Percent of loans | 11.28% | 11.75% |
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 7,724 | $ 7,911 |
Percent of loans | 0.91% | 0.95% |
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 49,469 | $ 39,084 |
Percent of loans | 5.80% | 4.67% |
Mortgage Loans on Real Estate [Member] | Agriculture [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 7,449 | $ 7,185 |
Percent of loans | 0.87% | 0.86% |
Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 130,729 | $ 129,300 |
Percent of loans | 15.34% | 15.46% |
Consumer Installment Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 5,321 | $ 5,627 |
Percent of loans | 0.62% | 0.67% |
All Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 1,261 | $ 1,243 |
Percent of loans | 0.15% | 0.15% |
Loans and Related Allowance f36
Loans and Related Allowance for Loan Losses (Summary of Information Related to Impaired Loans) (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Dec. 31, 2016 | ||
Financing Receivable, Impaired [Line Items] | ||||
With no related allowance recorded, Recorded Investment | [1] | $ 6,345 | $ 9,474 | |
With no related allowance recorded, Unpaid Principal Balance | [2] | 7,205 | 10,209 | |
With a related allowance, Recorded Investment | [1] | 7,361 | 9,067 | |
With a related allowance, Unpaid Principal Balance | [2] | 9,411 | 11,197 | |
Total, Recorded Investment | [1] | 13,706 | 18,541 | |
Total, Unpaid Principal Balance | [2] | 16,616 | 21,406 | |
Related Allowance | 950 | 1,130 | ||
With no related allowance recorded, Average Investment | 7,910 | $ 6,876 | ||
With a related allowance, Average Investment | 8,214 | 8,569 | ||
Total, Average Investment | 16,124 | 15,445 | ||
With no related allowance recorded, Interest Recognized | 45 | 51 | ||
With a related allowance, Interest Recognized | 15 | 9 | ||
Total, Interest Recognized | 60 | 60 | ||
Mortgage Loans on Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With no related allowance recorded, Recorded Investment | [1] | 6,345 | 8,274 | |
With no related allowance recorded, Unpaid Principal Balance | [2] | 7,205 | 9,009 | |
With a related allowance, Recorded Investment | [1] | 7,035 | 8,733 | |
With a related allowance, Unpaid Principal Balance | [2] | 9,081 | 10,859 | |
Total, Recorded Investment | [1] | 13,380 | 17,007 | |
Total, Unpaid Principal Balance | [2] | 16,286 | 19,868 | |
Related Allowance | 909 | 1,086 | ||
With no related allowance recorded, Average Investment | 7,310 | 6,752 | ||
With a related allowance, Average Investment | 7,884 | 8,463 | ||
Total, Average Investment | 15,194 | 15,215 | ||
With no related allowance recorded, Interest Recognized | 45 | 50 | ||
With a related allowance, Interest Recognized | 14 | 9 | ||
Total, Interest Recognized | 59 | 59 | ||
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With no related allowance recorded, Recorded Investment | [1] | 2,189 | 1,704 | |
With no related allowance recorded, Unpaid Principal Balance | [2] | 2,479 | 1,931 | |
With a related allowance, Recorded Investment | [1] | 2,335 | 2,621 | |
With a related allowance, Unpaid Principal Balance | [2] | 2,737 | 3,062 | |
Total, Recorded Investment | [1] | 4,524 | 4,325 | |
Total, Unpaid Principal Balance | [2] | 5,216 | 4,993 | |
Related Allowance | 321 | 283 | ||
With no related allowance recorded, Average Investment | 1,947 | 2,455 | ||
With a related allowance, Average Investment | 2,478 | 3,400 | ||
Total, Average Investment | 4,425 | 5,855 | ||
With no related allowance recorded, Interest Recognized | 7 | 11 | ||
With a related allowance, Interest Recognized | 12 | 7 | ||
Total, Interest Recognized | 19 | 18 | ||
Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With no related allowance recorded, Recorded Investment | [1] | 4,156 | 6,570 | |
With no related allowance recorded, Unpaid Principal Balance | [2] | 4,726 | 7,078 | |
With a related allowance, Recorded Investment | [1] | 396 | 617 | |
With a related allowance, Unpaid Principal Balance | [2] | 786 | 1,051 | |
Total, Recorded Investment | [1] | 4,552 | 7,187 | |
Total, Unpaid Principal Balance | [2] | 5,512 | 8,129 | |
Related Allowance | 50 | 73 | ||
With no related allowance recorded, Average Investment | 5,363 | 4,297 | ||
With a related allowance, Average Investment | 506 | 481 | ||
Total, Average Investment | 5,869 | 4,778 | ||
With no related allowance recorded, Interest Recognized | 38 | 39 | ||
With a related allowance, Interest Recognized | 2 | 2 | ||
Total, Interest Recognized | 40 | 41 | ||
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With no related allowance recorded, Recorded Investment | [1] | |||
With no related allowance recorded, Unpaid Principal Balance | [2] | |||
With a related allowance, Recorded Investment | [1] | 4,304 | 5,495 | |
With a related allowance, Unpaid Principal Balance | [2] | 5,558 | 6,746 | |
Total, Recorded Investment | [1] | 4,304 | 5,495 | |
Total, Unpaid Principal Balance | [2] | 5,558 | 6,746 | |
Related Allowance | 538 | 730 | ||
With a related allowance, Average Investment | 4,900 | 4,502 | ||
Total, Average Investment | 4,900 | 4,502 | ||
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With a related allowance, Average Investment | 80 | |||
Total, Average Investment | 80 | |||
Commercial Loans [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With no related allowance recorded, Recorded Investment | [1] | 1,200 | ||
With no related allowance recorded, Unpaid Principal Balance | [2] | 1,200 | ||
With a related allowance, Recorded Investment | [1] | 284 | 53 | |
With a related allowance, Unpaid Principal Balance | [2] | 284 | 53 | |
Total, Recorded Investment | [1] | 284 | 1,253 | |
Total, Unpaid Principal Balance | [2] | 284 | 1,253 | |
Related Allowance | 36 | 7 | ||
With no related allowance recorded, Average Investment | 600 | |||
With a related allowance, Average Investment | 168 | 27 | ||
Total, Average Investment | 768 | 27 | ||
With a related allowance, Interest Recognized | 1 | |||
Total, Interest Recognized | 1 | |||
Consumer Installment Loans [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With no related allowance recorded, Recorded Investment | [1] | |||
With no related allowance recorded, Unpaid Principal Balance | [2] | |||
With a related allowance, Recorded Investment | [1] | 42 | 281 | |
With a related allowance, Unpaid Principal Balance | [2] | 46 | 285 | |
Total, Recorded Investment | [1] | 42 | 281 | |
Total, Unpaid Principal Balance | [2] | 46 | 285 | |
Related Allowance | 5 | $ 37 | ||
With no related allowance recorded, Average Investment | 124 | |||
With a related allowance, Average Investment | 162 | 79 | ||
Total, Average Investment | $ 162 | 203 | ||
With no related allowance recorded, Interest Recognized | 1 | |||
Total, Interest Recognized | $ 1 | |||
[1] | The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment | |||
[2] | The contractual amount due, which reflects paydowns applied in accordance with loan documents, but which does not reflect any direct write-downs |
Loans and Related Allowance f37
Loans and Related Allowance for Loan Losses (Reconciliation of impaired loans to nonaccrual loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | |
Loans and Related Allowance for Loan Losses [Abstract] | |||
Nonaccruals | $ 9,091 | $ 10,243 | |
Trouble debt restructure and still accruing | 4,615 | 4,653 | |
Substandard and still accruing | 3,645 | ||
Total, Recorded Investment | [1] | $ 13,706 | $ 18,541 |
[1] | The amount of the investment in a loan, which is not net of a valuation allowance, but which does reflect any direct write-down of the investment |
Loans and Related Allowance f38
Loans and Related Allowance for Loan Losses (Age Analysis of Past Due Status of Loans, Excluding PCI Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | $ 852,226 | $ 836,299 |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 714,915 | 700,129 |
Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 130,729 | 129,300 |
Consumer Installment Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 5,321 | 5,627 |
All Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 1,261 | 1,243 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 210,517 | 207,863 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 343,604 | 339,804 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 96,152 | 98,282 |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 7,724 | 7,911 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 49,469 | 39,084 |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 7,449 | 7,185 |
Loans Excluding PCI Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 9,091 | 10,243 |
Past Due | 9,835 | 10,596 |
Current | 842,391 | 825,703 |
Total Loans | 852,226 | 836,299 |
Loans Excluding PCI Loans [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 632 | 353 |
Loans Excluding PCI Loans [Member] | 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 112 | |
Loans Excluding PCI Loans [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 8,996 | 10,146 |
Past Due | 9,379 | 10,496 |
Current | 705,536 | 689,633 |
Total Loans | 714,915 | 700,129 |
Loans Excluding PCI Loans [Member] | Mortgage Loans on Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 271 | 350 |
Loans Excluding PCI Loans [Member] | Mortgage Loans on Real Estate [Member] | 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 112 | |
Loans Excluding PCI Loans [Member] | Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 53 | 53 |
Past Due | 387 | 53 |
Current | 130,342 | 129,247 |
Total Loans | 130,729 | 129,300 |
Loans Excluding PCI Loans [Member] | Commercial Loans [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 334 | |
Loans Excluding PCI Loans [Member] | Consumer Installment Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 42 | 44 |
Past Due | 69 | 47 |
Current | 5,252 | 5,580 |
Total Loans | 5,321 | 5,627 |
Loans Excluding PCI Loans [Member] | Consumer Installment Loans [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 27 | 3 |
Loans Excluding PCI Loans [Member] | All Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 1,261 | 1,243 |
Total Loans | 1,261 | 1,243 |
Loans Excluding PCI Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 3,104 | 2,893 |
Past Due | 3,375 | 3,189 |
Current | 207,142 | 204,674 |
Total Loans | 210,517 | 207,863 |
Loans Excluding PCI Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 271 | 296 |
Loans Excluding PCI Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 1,588 | 1,758 |
Past Due | 1,588 | 1,758 |
Current | 342,016 | 338,046 |
Total Loans | 343,604 | 339,804 |
Loans Excluding PCI Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 4,304 | 5,495 |
Past Due | 4,304 | 5,549 |
Current | 91,848 | 92,733 |
Total Loans | 96,152 | 98,282 |
Loans Excluding PCI Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 54 | |
Loans Excluding PCI Loans [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 7,724 | 7,911 |
Total Loans | 7,724 | 7,911 |
Loans Excluding PCI Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 49,469 | 39,084 |
Total Loans | 49,469 | 39,084 |
Loans Excluding PCI Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 112 | |
Current | 7,337 | 7,185 |
Total Loans | 7,449 | $ 7,185 |
Loans Excluding PCI Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | 90 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | $ 112 |
Loans and Related Allowance f39
Loans and Related Allowance for Loan Losses (Allowance for Loan Losses on Loans, Excluding PCI Loans, by Segment) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | $ 9,493 | $ 9,559 |
Provision Allocation | ||
Charge-offs | (85) | (138) |
Recoveries | 105 | 173 |
Allowance for loan losses, End of Period | 9,513 | 9,594 |
Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 7,263 | 8,212 |
Provision Allocation | (875) | (698) |
Charge-offs | (40) | (56) |
Recoveries | 73 | 115 |
Allowance for loan losses, End of Period | 6,421 | 7,573 |
Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 602 | 631 |
Provision Allocation | 712 | 317 |
Recoveries | 2 | |
Allowance for loan losses, End of Period | 1,316 | 948 |
Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 135 | 93 |
Provision Allocation | 13 | 17 |
Charge-offs | (45) | (82) |
Recoveries | 30 | 58 |
Allowance for loan losses, End of Period | 133 | 86 |
All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 7 | 25 |
Provision Allocation | 8 | (19) |
Allowance for loan losses, End of Period | 15 | 6 |
Unallocated [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 1,486 | 598 |
Provision Allocation | 142 | 383 |
Allowance for loan losses, End of Period | 1,628 | 981 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 2,769 | 2,884 |
Provision Allocation | 62 | (508) |
Charge-offs | (26) | (19) |
Recoveries | 18 | 98 |
Allowance for loan losses, End of Period | 2,823 | 2,455 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 1,952 | 3,769 |
Provision Allocation | (183) | (630) |
Charge-offs | (37) | |
Recoveries | 7 | 12 |
Allowance for loan losses, End of Period | 1,776 | 3,114 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 2,195 | 1,298 |
Provision Allocation | (635) | 290 |
Charge-offs | (14) | |
Recoveries | 1 | 1 |
Allowance for loan losses, End of Period | 1,547 | 1,589 |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 72 | 96 |
Provision Allocation | (69) | 3 |
Recoveries | 47 | 4 |
Allowance for loan losses, End of Period | 50 | 103 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 260 | 141 |
Provision Allocation | (67) | 159 |
Allowance for loan losses, End of Period | 193 | 300 |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 15 | 24 |
Provision Allocation | 17 | (12) |
Allowance for loan losses, End of Period | $ 32 | $ 12 |
Loans and Related Allowance f40
Loans and Related Allowance for Loan Losses (Loans Evaluated for Impairment) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | $ 9,513 | $ 9,493 | $ 9,594 | $ 9,559 |
Total Loans | 852,226 | 836,299 | ||
Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 950 | 1,130 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 8,563 | 8,363 | ||
Allowance for Loan Losses | 9,513 | 9,493 | ||
Recorded Investment in Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Recorded Investment in Loans, Individually Evaluated for Impairment | 13,706 | 18,541 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 838,520 | 817,758 | ||
Total Loans | 852,226 | 836,299 | ||
Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | 6,421 | 7,263 | 7,573 | 8,212 |
Total Loans | 714,915 | 700,129 | ||
Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 909 | 1,086 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 5,512 | 6,177 | ||
Allowance for Loan Losses | 6,421 | 7,263 | ||
Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Recorded Investment in Loans, Individually Evaluated for Impairment | 13,380 | 17,007 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 701,535 | 683,122 | ||
Total Loans | 714,915 | 700,129 | ||
Commercial Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | 1,316 | 602 | 948 | 631 |
Total Loans | 130,729 | 129,300 | ||
Commercial Loans [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 36 | 7 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 1,280 | 595 | ||
Allowance for Loan Losses | 1,316 | 602 | ||
Commercial Loans [Member] | Recorded Investment in Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Recorded Investment in Loans, Individually Evaluated for Impairment | 284 | 1,253 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 130,445 | 128,047 | ||
Total Loans | 130,729 | 129,300 | ||
Consumer Installment Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | 133 | 135 | 86 | 93 |
Total Loans | 5,321 | 5,627 | ||
Consumer Installment Loans [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 5 | 37 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 128 | 98 | ||
Allowance for Loan Losses | 133 | 135 | ||
Consumer Installment Loans [Member] | Recorded Investment in Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Recorded Investment in Loans, Individually Evaluated for Impairment | 42 | 281 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 5,279 | 5,346 | ||
Total Loans | 5,321 | 5,627 | ||
All Other Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | 15 | 7 | 6 | 25 |
Total Loans | 1,261 | 1,243 | ||
All Other Loans [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 15 | 7 | ||
Allowance for Loan Losses | 15 | 7 | ||
All Other Loans [Member] | Recorded Investment in Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 1,261 | 1,243 | ||
Total Loans | 1,261 | 1,243 | ||
Unallocated [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | 1,628 | 1,486 | 981 | 598 |
Unallocated [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 1,628 | 1,486 | ||
Allowance for Loan Losses | 1,628 | 1,486 | ||
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | 2,823 | 2,769 | 2,455 | 2,884 |
Total Loans | 210,517 | 207,863 | ||
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 321 | 283 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 2,502 | 2,486 | ||
Allowance for Loan Losses | 2,823 | 2,769 | ||
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Recorded Investment in Loans, Individually Evaluated for Impairment | 4,524 | 4,325 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 205,993 | 203,538 | ||
Total Loans | 210,517 | 207,863 | ||
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | 1,776 | 1,952 | 3,114 | 3,769 |
Total Loans | 343,604 | 339,804 | ||
Commercial [Member] | Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 50 | 73 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 1,726 | 1,879 | ||
Allowance for Loan Losses | 1,776 | 1,952 | ||
Commercial [Member] | Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Recorded Investment in Loans, Individually Evaluated for Impairment | 4,552 | 7,187 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 339,052 | 332,617 | ||
Total Loans | 343,604 | 339,804 | ||
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | 1,547 | 2,195 | 1,589 | 1,298 |
Total Loans | 96,152 | 98,282 | ||
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 538 | 730 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 1,009 | 1,465 | ||
Allowance for Loan Losses | 1,547 | 2,195 | ||
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Recorded Investment in Loans, Individually Evaluated for Impairment | 4,304 | 5,495 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 91,848 | 92,787 | ||
Total Loans | 96,152 | 98,282 | ||
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | 50 | 72 | 103 | 96 |
Total Loans | 7,724 | 7,911 | ||
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 50 | 72 | ||
Allowance for Loan Losses | 50 | 72 | ||
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 7,724 | 7,911 | ||
Total Loans | 7,724 | 7,911 | ||
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | 193 | 260 | 300 | 141 |
Total Loans | 49,469 | 39,084 | ||
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 193 | 260 | ||
Allowance for Loan Losses | 193 | 260 | ||
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 49,469 | 39,084 | ||
Total Loans | 49,469 | 39,084 | ||
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses | 32 | 15 | $ 12 | $ 24 |
Total Loans | 7,449 | 7,185 | ||
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | Allowance for Loan Losses [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 32 | 15 | ||
Allowance for Loan Losses | 32 | 15 | ||
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | Recorded Investment in Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 7,449 | 7,185 | ||
Total Loans | $ 7,449 | $ 7,185 |
Loans and Related Allowance f41
Loans and Related Allowance for Loan Losses (Loans, Excluding PCI Loans, by Credit Quality Indicator) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | $ 852,226 | $ 836,299 |
Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 714,915 | 700,129 |
Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 130,729 | 129,300 |
Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 5,321 | 5,627 |
All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,261 | 1,243 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 210,517 | 207,863 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 343,604 | 339,804 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 96,152 | 98,282 |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 7,724 | 7,911 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 49,469 | 39,084 |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 7,449 | 7,185 |
Loans Excluding PCI Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 852,226 | 836,299 |
Loans Excluding PCI Loans [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 714,915 | 700,129 |
Loans Excluding PCI Loans [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 130,729 | 129,300 |
Loans Excluding PCI Loans [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 5,321 | 5,627 |
Loans Excluding PCI Loans [Member] | All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,261 | 1,243 |
Loans Excluding PCI Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 210,517 | 207,863 |
Loans Excluding PCI Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 343,604 | 339,804 |
Loans Excluding PCI Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 96,152 | 98,282 |
Loans Excluding PCI Loans [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 7,724 | 7,911 |
Loans Excluding PCI Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 49,469 | 39,084 |
Loans Excluding PCI Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 7,449 | 7,185 |
Loans Excluding PCI Loans [Member] | Pass [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 820,310 | 803,330 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 690,614 | 674,395 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 123,179 | 122,129 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 5,256 | 5,563 |
Loans Excluding PCI Loans [Member] | Pass [Member] | All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,261 | 1,243 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 203,046 | 199,973 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 334,557 | 330,851 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 91,659 | 92,556 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 7,245 | 7,474 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 46,883 | 36,474 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 7,224 | 7,067 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 13,416 | 14,468 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 8,282 | 8,569 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 5,111 | 5,879 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 23 | 20 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 4,171 | 4,612 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 3,330 | 3,168 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 189 | 234 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 479 | 437 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 113 | 118 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 18,500 | 18,501 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 16,019 | 17,165 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 2,439 | 1,292 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 42 | 44 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 3,300 | 3,278 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 5,717 | 5,785 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 4,304 | 5,492 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 2,586 | $ 2,610 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | $ 112 |
PCI Loans and Related Allowan42
PCI Loans and Related Allowance for Loan Losses (Narrative) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 | Jan. 30, 2009 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchased credit impaired (PCI) loans | $ 49,738 | $ 51,964 | |
Covered Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchased credit impaired (PCI) loans | $ 198,300 | ||
Loans met criteria of ASC 310-30 | 49,100 | ||
Outstanding contractual balance of covered loans | $ 78,300 | $ 81,100 | |
Covered Loans [Member] | Residential 1-4 Family [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Remaining of loans acquired | $ 149,100 |
PCI Loans and Related Allowan43
PCI Loans and Related Allowance for Loan Losses (Summary of Covered Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 49,738 | $ 51,964 |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | 49,738 | 51,964 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | 44,465 | 46,623 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | 622 | 649 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | 1,935 | 1,969 |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | 2,450 | 2,453 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | 266 | 270 |
Purchase Credit Impaired (PCI) Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 49,738 | $ 51,964 |
Percent of purchased credit impaired loan | 100.00% | 100.00% |
Purchase Credit Impaired (PCI) Loans [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 49,738 | $ 51,964 |
Percent of purchased credit impaired loan | 100.00% | 100.00% |
Purchase Credit Impaired (PCI) Loans [Member] | Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 44,465 | $ 46,623 |
Percent of purchased credit impaired loan | 89.40% | 89.72% |
Purchase Credit Impaired (PCI) Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 622 | $ 649 |
Percent of purchased credit impaired loan | 1.25% | 1.25% |
Purchase Credit Impaired (PCI) Loans [Member] | Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 1,935 | $ 1,969 |
Percent of purchased credit impaired loan | 3.89% | 3.79% |
Purchase Credit Impaired (PCI) Loans [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 2,450 | $ 2,453 |
Percent of purchased credit impaired loan | 4.93% | 4.72% |
Purchase Credit Impaired (PCI) Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 266 | $ 270 |
Percent of purchased credit impaired loan | 0.53% | 0.52% |
PCI Loans and Related Allowan44
PCI Loans and Related Allowance for Loan Losses (Summary of Covered Loans Collectively Evaluated for Impairment in the Allowance for Loan Losses) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses, PCI loans | $ 200 | $ 200 |
Recorded investment in loans | 49,738 | 51,964 |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses, PCI loans | 200 | 200 |
Recorded investment in loans | 49,738 | 51,964 |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses, PCI loans | 200 | 200 |
Recorded investment in loans | 44,465 | 46,623 |
Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses, PCI loans | ||
Recorded investment in loans | 622 | 649 |
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses, PCI loans | ||
Recorded investment in loans | 1,935 | 1,969 |
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses, PCI loans | ||
Recorded investment in loans | 2,450 | 2,453 |
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses, PCI loans | ||
Recorded investment in loans | $ 266 | $ 270 |
PCI Loans and Related Allowan45
PCI Loans and Related Allowance for Loan Losses (Summary of Changes in Accretable Yield) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2017 | Dec. 31, 2016 | |
PCI Loans and Related Allowance for Loan Losses [Abstract] | ||
Beginning Balance | $ 48,355 | $ 49,128 |
Accretion | (1,479) | (6,206) |
Reclassification from nonaccretable yield | 45 | 5,433 |
Ending Balance | $ 46,921 | $ 48,355 |
Other Real Estate Owned (Schedu
Other Real Estate Owned (Schedule of Other Real Estate Owned) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Residential 1-4 Family [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Residential 1-4 family loans and purchased credit impaired loans in the process of foreclosure | $ 1,700 | |
Mortgage Loans on Real Estate [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | 3,569 | $ 4,427 |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | 454 | 1,276 |
Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | 630 | 643 |
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | $ 2,485 | $ 2,508 |
Deposits (Summary of Interest B
Deposits (Summary of Interest Bearing Deposits) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Deposits [Abstract] | ||
NOW | $ 130,971 | $ 137,332 |
MMDA | 103,042 | 111,346 |
Savings | 92,683 | 90,340 |
Time deposits less than or equal to $250,000 | 452,075 | 440,699 |
Time deposits over $250,000 | 144,859 | 128,690 |
Total interest bearing deposits | $ 923,630 | $ 908,407 |
Accumulated Other Comprehensi48
Accumulated Other Comprehensive Income (Summary of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | $ (1,223) | $ (589) |
Other comprehensive income before reclassifications | 562 | 1,983 |
Amounts reclassified from AOCI | (63) | (171) |
Net current period other comprehensive income (loss) | 499 | 1,812 |
Ending balance | (724) | 1,223 |
Unrealized (Gain) Loss on Securities [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | (410) | 443 |
Other comprehensive income before reclassifications | 508 | 2,345 |
Amounts reclassified from AOCI | (63) | (171) |
Net current period other comprehensive income (loss) | 445 | 2,174 |
Ending balance | 35 | 2,617 |
Defined Benefit Pension Plan [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | (767) | (901) |
Ending balance | (767) | (901) |
Gain (Loss) on Cash Flow Hedges [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | (46) | (131) |
Other comprehensive income before reclassifications | 54 | (362) |
Net current period other comprehensive income (loss) | 54 | (362) |
Ending balance | $ 8 | $ (493) |
Accumulated Other Comprehensi49
Accumulated Other Comprehensive Income (Effects of Reclassifications Out of AOCI) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Gain on securities transactions, net | $ 95 | $ 259 |
Income tax expense | (1,076) | (983) |
Total amount recognized | (63) | (171) |
Unrealized (Gain) Loss on Securities [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total amount recognized | (63) | (171) |
Amount Reclassified from AOCI [Member] | Unrealized (Gain) Loss on Securities [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Gain on securities transactions, net | (95) | (259) |
Income tax expense | 32 | 88 |
Total amount recognized | $ (63) | $ (171) |
Fair Values of Assets and Lia50
Fair Values of Assets and Liabilities (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2017USD ($) | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Fair value appraisal minimum period | 18 months |
Minimum [Member] | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | |
Eligibility criteria of classified loans for appraisal by professional appraiser | $ 250,000 |
Fair Values of Assets and Lia51
Fair Values of Assets and Liabilities (Assets and Liabilities Recorded at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 213,713 | $ 216,121 |
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 48,954 | 57,976 |
U.S. Gov't Sponsored Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 2,862 | 3,336 |
State, County and Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 127,087 | 122,773 |
Corporate and Other Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 16,061 | 15,503 |
Mortgage Backed - U.S. Gov't Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 3,476 | 3,495 |
Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 15,273 | 13,038 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 213,713 | 216,121 |
Cash flow hedge | 12 | |
Total assets at fair value | 213,725 | 216,121 |
Cash flow hedge | (70) | |
Total liabilities at fair value | (70) | |
Fair Value, Measurements, Recurring [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 6,184 | 14,352 |
Total assets at fair value | 6,184 | 14,352 |
Total liabilities at fair value | ||
Fair Value, Measurements, Recurring [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 207,529 | 201,769 |
Cash flow hedge | 12 | |
Total assets at fair value | 207,541 | 201,769 |
Cash flow hedge | (70) | |
Total liabilities at fair value | (70) | |
Fair Value, Measurements, Recurring [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total liabilities at fair value | ||
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 48,954 | 57,976 |
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 1,790 | 11,055 |
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 47,164 | 46,921 |
Fair Value, Measurements, Recurring [Member] | U.S. Gov't Sponsored Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 2,862 | 3,336 |
Fair Value, Measurements, Recurring [Member] | U.S. Gov't Sponsored Agencies [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 952 | |
Fair Value, Measurements, Recurring [Member] | U.S. Gov't Sponsored Agencies [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 2,862 | 2,384 |
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 127,087 | 122,773 |
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 3,328 | 2,345 |
Fair Value, Measurements, Recurring [Member] | State, County and Municipal [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 123,759 | 120,428 |
Fair Value, Measurements, Recurring [Member] | Corporate and Other Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 16,061 | 15,503 |
Fair Value, Measurements, Recurring [Member] | Corporate and Other Bonds [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 16,061 | 15,503 |
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 3,476 | 3,495 |
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Agencies [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 3,476 | 3,495 |
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 15,273 | 13,038 |
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 1,066 | |
Fair Value, Measurements, Recurring [Member] | Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 14,207 | $ 13,038 |
Fair Values of Assets and Lia52
Fair Values of Assets and Liabilities (Assets and Liabilities Measured at Fair Value on Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | $ 3,569 | $ 4,427 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 8,557 | 9,536 |
Other real estate owned | 3,569 | 4,427 |
Total assets at fair value | 12,126 | 13,963 |
Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 1,969 | 2,168 |
Other real estate owned | 1,995 | 3,408 |
Total assets at fair value | 3,964 | 5,576 |
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 6,588 | 7,368 |
Other real estate owned | 1,574 | 1,019 |
Total assets at fair value | $ 8,162 | $ 8,387 |
Fair Values of Assets and Lia53
Fair Values of Assets and Liabilities (Summary of Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2017 | Dec. 31, 2016 |
Financial liabilities: | ||
Interest bearing deposits | $ 923,630 | $ 908,407 |
Carrying Value [Member] | ||
Financial assets: | ||
Securities held to maturity | 46,500 | 46,608 |
Loans, net of allowance | 842,713 | 826,806 |
PCI loans, net of allowance | 49,538 | 51,764 |
Financial liabilities: | ||
Interest bearing deposits | 923,630 | 908,407 |
Long-term borrowings | 85,816 | 87,681 |
Estimated Fair Value [Member] | ||
Financial assets: | ||
Securities held to maturity | 46,881 | 46,858 |
Loans, net of allowance | 846,180 | 829,349 |
PCI loans, net of allowance | 55,408 | 57,100 |
Financial liabilities: | ||
Interest bearing deposits | 924,471 | 909,627 |
Long-term borrowings | 85,711 | 87,611 |
Estimated Fair Value [Member] | Level 1 [Member] | ||
Financial assets: | ||
Securities held to maturity | 1,093 | |
Loans, net of allowance | ||
PCI loans, net of allowance | ||
Financial liabilities: | ||
Interest bearing deposits | ||
Long-term borrowings | ||
Estimated Fair Value [Member] | Level 2 [Member] | ||
Financial assets: | ||
Securities held to maturity | 46,881 | 45,765 |
Loans, net of allowance | 839,592 | 821,981 |
PCI loans, net of allowance | ||
Financial liabilities: | ||
Interest bearing deposits | 924,471 | 909,627 |
Long-term borrowings | 85,711 | 87,611 |
Estimated Fair Value [Member] | Level 3 [Member] | ||
Financial assets: | ||
Securities held to maturity | ||
Loans, net of allowance | 6,588 | 7,368 |
PCI loans, net of allowance | 55,408 | 57,100 |
Financial liabilities: | ||
Interest bearing deposits | ||
Long-term borrowings |
Earnings Per Common Share (Narr
Earnings Per Common Share (Narrative) (Details) - shares | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Earnings Per Common Share [Abstract] | ||
Anti-dilutive common shares | 0 | 263,000 |
Earnings Per Common Share (Comp
Earnings Per Common Share (Computation of Earnings per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Earnings Per Common Share [Abstract] | ||
Basic EPS, Net Income Available to Common Shareholders (Numerator) | $ 2,493 | $ 2,420 |
Effect of dilutive stock awards, Net Income Available to Common Shareholders (Numerator) | ||
Diluted EPS, Net Income Available to Common Shareholders (Numerator) | $ 2,493 | $ 2,420 |
Basic EPS , Weighted Average Common Shares (Denominator) | 21,962 | 21,873 |
Effect of dilutive stock awards, Weighted Average Common Shares (Denominator) | 471 | 192 |
Diluted EPS, Weighted Average Common Shares (Denominator) | 22,433 | 22,065 |
Basic EPS, Per Common Share Amount | $ 0.11 | $ 0.11 |
Effect of dilutive stock awards, Per Common Share Amount | ||
Diluted EPS, Per Common Share Amount | $ 0.11 | $ 0.11 |
Employee Benefit Plan (Componen
Employee Benefit Plan (Components of Net Periodic Benefit Cost for Plan) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Employee Benefit Plan [Abstract] | ||
Interest cost | $ 39 | $ 48 |
Expected return on plan assets | (70) | (82) |
Amortization of prior service cost | 1 | 1 |
Recognized net loss due to settlement | 13 | |
Recognized net actuarial loss | 12 | 13 |
Net periodic benefit cost | $ (18) | $ (7) |
Cash Flow Hedge (Narrative) (De
Cash Flow Hedge (Narrative) (Details) - Interest Rate Swap [Member] - Cash Flow Hedging [Member] - USD ($) | 3 Months Ended | ||
Mar. 31, 2017 | Dec. 31, 2016 | Nov. 07, 2014 | |
Derivative notional amount | $ 30,000,000 | ||
Derivative interest rate | 1.69% | ||
Derivative term | 5 years | ||
Cash pledged as collateral | $ 390,000 | $ 390,000 | |
Cash flow hedge, asset | $ 12,000 | ||
Cash flow hedge, liability | $ 70,000 |