Document and Entity Information
Document and Entity Information | 3 Months Ended |
Mar. 31, 2018shares | |
Document And Entity Information [Abstract] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2018 |
Document Fiscal Year Focus | 2,018 |
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 | 22,084,193 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
ASSETS | ||
Cash and due from banks | $ 12,013 | $ 14,642 |
Interest bearing bank deposits | 9,141 | 7,316 |
Federal funds sold | 152 | |
Total cash and cash equivalents | 21,306 | 21,958 |
Securities available for sale, at fair value | 202,165 | 204,834 |
Securities held to maturity, at cost (fair value of $44,578 and $46,888, respectively) | 44,534 | 46,146 |
Equity securities, restricted, at cost | 9,356 | 9,295 |
Total securities | 256,055 | 260,275 |
Loans | 964,311 | 942,018 |
Purchased credit impaired (PCI) loans | 42,215 | 44,333 |
Total loans | 1,006,526 | 986,351 |
Allowance for loan losses (loans of $8,968 and $8,969, respectively; PCI loans of $200 and $200, respectively) | (9,168) | (9,169) |
Net loans | 997,358 | 977,182 |
Bank premises and equipment, net | 29,761 | 30,198 |
Bank premises and equipment held for sale | 525 | |
Other real estate owned | 3,166 | 2,791 |
Bank owned life insurance | 28,282 | 28,099 |
Other assets | 16,779 | 15,687 |
Total assets | 1,353,232 | 1,336,190 |
Deposits: | ||
Noninterest bearing | 150,037 | 153,028 |
Interest bearing | 946,283 | 942,736 |
Total deposits | 1,096,320 | 1,095,764 |
Federal funds purchased | 20,000 | 4,849 |
Federal Home Loan Bank advances | 101,061 | 101,429 |
Trust preferred capital notes | 4,124 | 4,124 |
Other liabilities | 6,683 | 6,021 |
Total liabilities | 1,228,188 | 1,212,187 |
SHAREHOLDERS' EQUITY | ||
Common stock (200,000,000 shares authorized, $0.01 par value; 22,084,193 and 22,072,523 shares issued and outstanding, respectively) | 221 | 221 |
Additional paid in capital | 147,935 | 147,671 |
Retained deficit | (21,338) | (23,932) |
Accumulated other comprehensive income (loss) | (1,774) | 43 |
Total shareholders' equity | 125,044 | 124,003 |
Total liabilities and shareholders' equity | $ 1,353,232 | $ 1,336,190 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Statement Of Financial Position [Abstract] | ||
Securities held to maturity | $ 44,578 | $ 46,888 |
Allowance for loan losses, loans | 8,968 | 8,969 |
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 | 22,084,193 | 22,072,523 |
Common stock, shares outstanding | 22,084,193 | 22,072,523 |
Consolidated Statements of Inco
Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Interest and dividend income | ||
Interest and fees on loans | $ 10,876 | $ 9,597 |
Interest and fees on PCI loans | 1,398 | 1,479 |
Interest on deposits in other banks | 40 | 26 |
Interest and dividends on securities | ||
Taxable | 1,186 | 1,249 |
Nontaxable | 579 | 597 |
Total interest and dividend income | 14,079 | 12,948 |
Interest expense | ||
Interest on deposits | 2,143 | 1,779 |
Interest on borrowed funds | 469 | 302 |
Total interest expense | 2,612 | 2,081 |
Net interest income | 11,467 | 10,867 |
Provision for loan losses | ||
Net interest income after provision for loan losses | 11,467 | 10,867 |
Noninterest income | ||
Service charges on deposit accounts | 581 | 525 |
Gain on securities transactions, net | 30 | 95 |
Income on bank owned life insurance | 232 | 234 |
Mortgage loan income | 111 | 33 |
Other | 128 | 148 |
Total noninterest income | 1,082 | 1,035 |
Noninterest expense | ||
Salaries and employee benefits | 5,898 | 4,682 |
Occupancy expenses | 812 | 732 |
Equipment expenses | 314 | 284 |
FDIC assessment | 206 | 201 |
Data processing fees | 486 | 488 |
Amortization of intangibles | 477 | |
Other real estate expense (income), net | 50 | 27 |
Other operating expenses | 1,649 | 1,442 |
Total noninterest expense | 9,415 | 8,333 |
Income before income taxes | 3,134 | 3,569 |
Income tax expense | 540 | 1,076 |
Net income | $ 2,594 | $ 2,493 |
Net income per common share - basic | $ 0.12 | $ 0.11 |
Net income per common share - diluted | $ 0.12 | $ 0.11 |
Weighted average number of shares outstanding | ||
Basic | 22,076 | 21,962 |
Diluted | 22,521 | 22,433 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Statement of Comprehensive Income [Abstract] | ||
Net income | $ 2,594 | $ 2,493 |
Other comprehensive income (loss): | ||
Change in unrealized gain (loss) in investment securities | (2,488) | 770 |
Tax related to unrealized gain in investment securities | 548 | (262) |
Reclassification adjustment for gain in securities sold | (30) | (95) |
Tax related to realized gain in securities sold | 7 | 32 |
Cash flow hedge: | ||
Change in unrealized gain (loss) in cash flow hedge | 186 | 82 |
Tax related to cash flow hedge | (40) | (28) |
Total other comprehensive income (loss) | (1,817) | 499 |
Total comprehensive income | $ 777 | $ 2,992 |
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, 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 | ||||
Beginning Balance at Dec. 31, 2017 | $ 221 | 147,671 | (23,932) | 43 | 124,003 |
Beginning Balance, shares at Dec. 31, 2017 | 22,073 | ||||
Issuance of common stock | 39 | 39 | |||
Issuance of common stock, shares | 4 | ||||
Exercise and issuance of employee stock options | 225 | 225 | |||
Exercise and issuance of employee stock options, Shares | 7 | ||||
Net income | 2,594 | 2,594 | |||
Other comprehensive income | (1,817) | (1,817) | |||
Ending Balance at Mar. 31, 2018 | $ 221 | $ 147,935 | $ (21,338) | $ (1,774) | $ 125,044 |
Ending Balance, shares at Mar. 31, 2018 | 22,084 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Operating activities: | ||
Net income | $ 2,594 | $ 2,493 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and intangibles amortization | 459 | 877 |
Stock-based compensation expense | 234 | 185 |
Tax benefit of exercised stock options | (10) | |
Amortization of purchased loan premium | 54 | 45 |
Amortization of security premiums and accretion of discounts, net | 443 | 359 |
Net gain on sale of securities | (30) | (95) |
Net gain on sale and valuation of other real estate owned | (14) | |
Originations of mortgages held for sale | (872) | |
Proceeds from sales of mortgages held for sale | 872 | |
Increase in bank owned life insurance investment | (184) | (192) |
Changes in assets and liabilities: | ||
(Increase) decrease in other assets | (182) | (226) |
Increase (decrease) in accrued expenses and other liabilities | 673 | 1,000 |
Net cash and cash equivalents provided by operating activities | 4,051 | 4,432 |
Investing activities: | ||
Proceeds from available for sale securities | 9,363 | 23,816 |
Proceeds from held to maturity securities | 1,584 | 89 |
Proceeds from equity securities, restricted | 17 | 813 |
Purchase of available for sale securities | (9,596) | (20,981) |
Purchase of equity securities, restricted | (78) | (700) |
Proceeds from sale of other real estate owned | 21 | 872 |
Net increase in loans | (20,708) | (13,832) |
Principal recoveries of loans previously charged off | 83 | 105 |
Purchase of premises and equipment, net | (548) | (631) |
Purchase of small business investment company fund investment | (210) | |
Net cash provided by (used in) investing activities | (20,072) | (10,449) |
Financing activities: | ||
Net increase in deposits | 556 | 15,378 |
Net decrease in federal funds purchased | 15,151 | (4,714) |
Net (decrease) increase in Federal Home Loan Bank borrowings | 5,000 | |
Payments on long-term Federal Home Loan Bank borrowings | (5,368) | (195) |
Proceeds from issuance of common stock | 30 | |
Payments on long-term debt | (1,670) | |
Net cash and cash equivalents used in financing activities | 15,369 | 8,799 |
Net increase in cash and cash equivalents | (652) | 2,782 |
Cash and cash equivalents: | ||
Beginning of the period | 21,958 | 21,072 |
End of the period | 21,306 | 23,854 |
Supplemental disclosures of cash flow information: | ||
Interest paid | 2,638 | $ 2,141 |
Transfers of loans to other real estate owned | 396 | |
Transfer of building premises and equipment to held for sale | $ 525 |
Nature of Banking Activities an
Nature of Banking Activities and Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2018 | |
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 26 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 7 . 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 8 , the statements of income and comprehensive income for the three months ended March 3 1 , 201 8 , and the statements of changes in shareholders’ equity and cash flows for the three months ended March 3 1 , 201 8 . Results for the three month period ended March 3 1 , 201 8 are not necessarily indicative of the results that may be expected for the year ending December 31, 201 8 . 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. Such reclassifications had no impact on net income or shareholder’s equity. |
Securities
Securities | 3 Months Ended |
Mar. 31, 2018 | |
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 8 and December 31, 201 7 were as follows ( dollars in thousands): March 31, 2018 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue and other U.S. Gov’t agencies $ 37,978 $ 149 $ (526) $ 37,601 U.S. Gov’t sponsored agencies 9,168 81 (22) 9,227 State, county and municipal 123,949 1,079 (1,454) 123,574 Corporate and other bonds 7,702 164 (52) 7,814 Mortgage backed – U.S. Gov’t agencies 5,456 20 (204) 5,272 Mortgage backed – U.S. Gov’t sponsored agencies 19,207 26 (556) 18,677 Total Securities Available for Sale $ 203,460 $ 1,519 $ (2,814) $ 202,165 Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ 10,000 $ — $ (255) $ 9,745 State, county and municipal 34,111 415 (121) 34,405 Mortgage backed – U.S. Gov’t agencies 423 5 — 428 Total Securities Held to Maturity $ 44,534 $ 420 $ (376) $ 44,578 December 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 $ 40,473 $ 165 $ (382) $ 40,256 U.S. Gov’t sponsored agencies 9,247 55 (24) 9,278 State, county and municipal 124,032 2,324 (596) 125,760 Corporate and other bonds 7,323 173 (36) 7,460 Mortgage backed – U.S. Gov’t agencies 5,551 37 (146) 5,442 Mortgage backed – U.S. Gov’t sponsored agencies 16,985 26 (373) 16,638 Total Securities Available for Sale $ 203,611 $ 2,780 $ (1,557) $ 204,834 Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ 10,000 $ — $ (155) $ 9,845 State, county and municipal 35,678 922 (33) 36,567 Mortgage backed – U.S. Gov’t agencies 468 8 — 476 Total Securities Held to Maturity $ 46,146 $ 930 $ (188) $ 46,888 The amortized cost and fair value of securities at March 3 1 , 201 8 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 $ 13,662 $ 13,426 $ 5,321 $ 5,292 Due after one year through five years 13,737 13,808 89,246 89,466 Due after five years through ten years 12,529 12,692 101,615 100,099 Due after ten years 4,606 4,652 7,278 7,308 Total securities $ 44,534 $ 44,578 $ 203,460 $ 202,165 Proceeds from sales of securities available for sale were $7.0 million and $22.3 million during the three months ended March 3 1 , 201 8 and 201 7 , 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 8 and 201 7 were as follows (dollars in thousands) : Three months ended March 31, 2018 March 31, 2017 Gross realized gains $ 42 $ 130 Gross realized losses (12) (35) Net securities gains $ 30 $ 95 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 8 and 201 7 . 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 8 and December 31, 201 7 were as follows (dollars in thousands): March 31, 2018 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 $ 7,555 $ (70) $ 16,619 $ (456) $ 24,174 $ (526) U.S. Gov’t sponsored agencies - - 2,969 (22) 2,969 (22) State, county and municipal 42,017 (815) 10,481 (639) 52,498 (1,454) Corporate and other bonds 481 (16) 2,681 (36) 3,162 (52) Mortgage backed – U.S. Gov’t agencies 1,670 (42) 1,836 (162) 3,506 (204) Mortgage backed – U.S. Gov’t sponsored agencies 7,865 (238) 7,790 (318) 15,655 (556) Total $ 59,588 $ (1,181) $ 42,376 $ (1,633) $ 101,964 $ (2,814) Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ - $ - $ 9,745 $ (255) $ 9,745 $ (255) State, county and municipal 6,118 (89) 1,245 (32) 7,363 (121) Total $ 6,118 $ (89) $ 10,990 $ (287) $ 17,108 $ (376) December 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 $ 5,097 $ (36) $ 19,443 $ (346) $ 24,540 $ (382) U.S. Gov’t sponsored agencies 497 (3) 5,040 (21) 5,537 (24) State, county and municipal 20,740 (188) 9,569 (408) 30,309 (596) Corporate and other bonds - - 2,772 (36) 2,772 (36) Mortgage backed – U.S. Gov’t agencies 1,722 (25) 1,876 (121) 3,598 (146) Mortgage backed – U.S. Gov’t sponsored agencies 6,525 (111) 7,985 (262) 14,510 (373) Total $ 34,581 $ (363) $ 46,685 $ (1,194) $ 81,266 $ (1,557) Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ - $ - $ 9,845 $ (155) $ 9,845 $ (155) State, county and municipal 1,485 (14) 1,262 (19) 2,747 (33) Total $ 1,485 $ (14) $ 11,107 $ (174) $ 12,592 $ (188) The unrealized losses (impairments) in the investment portfolio at March 3 1 , 201 8 and December 31, 201 7 are generally a result of market fluctuations of interest rates that occur daily. The unrealized losses are from 176 securities at March 3 1 , 201 8 . Of those, 169 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. Five investment grade asset-backed securities comprised of student loan pools included in corporate obligations and two corporate bond s make up the remaining securities with unrealized losses at March 3 1 , 201 8 . 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 $68.6 million and $71.7 million at March 3 1 , 201 8 and December 31, 201 7 , respectively, were pledged to secure public deposits as required or permitted by law. Securities with amortized costs of $7.0 million and $7.0 million at March 3 1 , 201 8 and December 31, 201 7 , respectively, were pledged to secure lines of credit at the Federal Reserve discount window. At each of March 3 1 , 201 8 and December 31, 201 7 , 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, 2018 | |
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 8 and December 31, 201 7 were comprised of the following (dollars in thousands): March 31, 2018 December 31, 2017 Amount % of Loans Amount % of Loans Mortgage loans on real estate: Residential 1-4 family $ 222,717 23.10 % $ 227,542 24.16 % Commercial 371,494 38.52 366,331 38.89 Construction and land development 109,534 11.36 107,814 11.44 Second mortgages 7,689 0.80 8,410 0.89 Multifamily 59,920 6.21 59,024 6.27 Agriculture 7,424 0.77 7,483 0.79 Total real estate loans 778,778 80.76 776,604 82.44 Commercial loans 170,445 17.67 159,024 16.88 Consumer installment loans 13,878 1.44 5,169 0.55 All other loans 1,210 0.13 1,221 0.13 Total loans $ 964,311 100.00 % $ 942,018 100.00 % The Company held $17.7 million and $18.0 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 8 and December 31, 201 7 , respectively. As these loans are 100% guaranteed by the USDA, no loan loss allowance is required. These loan balances included a purchase premium of $ 785,000 and $ 824,000 at March 3 1 , 201 8 and December 31, 201 7 , 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 8 and December 31, 201 7 , the Company’s allowance for credit losses was comprised of the following: (i) a specific valuation component calculated in accordance with Financial Accounting Standards Board ( FASB ) Accounting Standards Codification (ASC) 310, Receivables, (ii) a general valuation component calculated in accordance with FASB ASC 450, Contingencies , based on historical loan loss experience, current 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 8 (dollars in thousands): Three months ended March 31, 2018 March 31, 2018 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 $ 1,873 $ 2,235 $ — $ 1,888 $ 7 Commercial 3,825 4,467 — 3,844 37 Construction and land development 417 417 — 208 — Agriculture — — — — — Total real estate loans 6,115 7,119 — 5,940 44 Commercial loans 978 978 — 1,043 — Subtotal impaired loans with no valuation allowance 7,093 8,097 — 6,983 44 With an allowance recorded: Mortgage loans on real estate: Residential 1-4 family 2,253 2,688 296 2,234 19 Commercial 518 955 64 525 2 Construction and land development 5,137 6,401 694 4,707 — Agriculture 67 71 8 68 — Total real estate loans 7,975 10,115 1,062 7,534 21 Commercial loans 250 251 31 287 1 Consumer installment loans 4 4 — 5 — Subtotal impaired loans with a valuation allowance 8,229 10,370 1,093 7,826 22 Total: Mortgage loans on real estate: Residential 1-4 family 4,126 4,923 296 4,122 26 Commercial 4,343 5,422 64 4,369 39 Construction and land development 5,554 6,818 694 4,915 — Agriculture 67 71 8 68 — Total real estate loans 14,090 17,234 1,062 13,474 65 Commercial loans 1,228 1,229 31 1,330 1 Consumer installment loans 4 4 — 5 — Total impaired loans $ 15,322 $ 18,467 $ 1,093 $ 14,809 $ 66 (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 or valuation allowances The following table summarizes information related to impaired loans as of December 31, 201 7 and the three months ended March 3 1 , 201 7 (dollars in thousands): Three months ended December 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 $ 1,901 $ 2,246 $ — $ 1,947 $ 7 Commercial 3,862 4,477 — 5,363 38 Construction and land development — — — — — Agriculture — — — — — Total real estate loans 5,763 6,723 — 7,310 45 Commercial loans 1,108 1,108 — 600 — Consumer installment loans — — — — — Subtotal impaired loans with no valuation allowance 6,871 7,831 — 7,910 45 With an allowance recorded: Mortgage loans on real estate: Residential 1-4 family 2,216 2,640 290 2,478 12 Commercial 533 958 65 506 2 Construction and land development 4,277 5,537 556 4,900 — Agriculture 68 71 8 — — Total real estate loans 7,094 9,206 919 7,884 14 Commercial loans 325 446 39 168 1 Consumer installment loans 7 7 1 162 — Subtotal impaired loans with a valuation allowance 7,426 9,659 959 8,214 15 Total: Mortgage loans on real estate: Residential 1-4 family 4,117 4,886 290 4,425 19 Commercial 4,395 5,435 65 5,869 40 Construction and land development 4,277 5,537 556 4,900 — Agriculture 68 71 8 — — Total real estate loans 12,857 15,929 919 15,194 59 Commercial loans 1,433 1,554 39 768 1 Consumer installment loans 7 7 1 162 — Total impaired loans $ 14,297 $ 17,490 $ 959 $ 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 or valuation allowances Troubled debt restructures 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 8 and December 31, 201 7 , is set forth in the table below (dollars in thousands): March 31, 2018 December 31, 2017 Nonaccruals $ 10,090 $ 9,026 Trouble debt restructure and still accruing 5,232 5,271 Total impaired $ 15,322 $ 14,297 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 3 1 , 201 8 and 201 7 . For the three months ended March 3 1 , 201 8 and 201 7 , estimated interest income of $160,000 and $163,000 , respectively, would have been recorded if all such loans had been accruing interest according to their original contractual terms. There were no loans greater than 90 days past due and still accruing interest at March 3 1 , 201 8 and December 31, 201 7 . The following tables present an age analysis of past due status of loans by category as of March 3 1 , 201 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 30-89 Days Past Due Nonaccrual Total Past Due Current Total Loans Receivable Mortgage loans on real estate: Residential 1-4 family $ 1,075 $ 1,985 $ 3,060 $ 219,657 $ 222,717 Commercial 1,611 1,466 3,077 368,417 371,494 Construction and land development 62 5,554 5,616 103,918 109,534 Second mortgages — — — 7,689 7,689 Multifamily — — — 59,920 59,920 Agriculture 19 67 86 7,338 7,424 Total real estate loans 2,767 9,072 11,839 766,939 778,778 Commercial loans 98 1,014 1,112 169,333 170,445 Consumer installment loans 9 4 13 13,865 13,878 All other loans — — — 1,210 1,210 Total loans $ 2,874 $ 10,090 $ 12,964 $ 951,347 $ 964,311 December 31, 2017 30-89 Days Past Due Nonaccrual Total Past Due Current Total Loans Receivable Mortgage loans on real estate: Residential 1-4 family $ 1,056 $ 1,962 $ 3,018 $ 224,524 $ 227,542 Commercial 104 1,498 1,602 364,729 366,331 Construction and land development — 4,277 4,277 103,537 107,814 Second mortgages — — — 8,410 8,410 Multifamily — — — 59,024 59,024 Agriculture 19 68 87 7,396 7,483 Total real estate loans 1,179 7,805 8,984 767,620 776,604 Commercial loans 48 1,214 1,262 157,762 159,024 Consumer installment loans 12 7 19 5,150 5,169 All other loans — — — 1,221 1,221 Total loans $ 1,239 $ 9,026 $ 10,265 $ 931,753 $ 942,018 Activity in the allowance for loan losses on loans by segment for the thre e months ended March 3 1 , 201 8 and 201 7 is presented in the following tables (dollars in thousands): December 31, 2017 Provision Allocation Charge-offs Recoveries March 31, 2018 Mortgage loans on real estate: Residential 1-4 family $ 3,466 $ (366) $ — $ 15 $ 3,115 Commercial 2,423 184 — 13 2,620 Construction and land development 1,247 364 — 1 1,612 Second mortgages 24 9 — 1 34 Multifamily 496 (298) — — 198 Agriculture 14 19 — — 33 Total real estate loans 7,670 (88) — 30 7,612 Commercial loans 1,139 (152) (39) 14 962 Consumer installment loans 110 8 (45) 39 112 All other loans 3 7 — — 10 Unallocated 47 225 — — 272 Total loans $ 8,969 $ — $ (84) $ 83 $ 8,968 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 The following tables present information on the loans evaluated for impairment in the allowance for loan losses as of March 3 1 , 201 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 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 $ 296 $ 2,819 $ 3,115 $ 4,126 $ 218,591 $ 222,717 Commercial 64 2,556 2,620 4,343 367,151 371,494 Construction and land development 694 918 1,612 5,554 103,980 109,534 Second mortgages — 34 34 — 7,689 7,689 Multifamily — 198 198 — 59,920 59,920 Agriculture 8 25 33 67 7,357 7,424 Total real estate loans 1,062 6,550 7,612 14,090 764,688 778,778 Commercial loans 31 931 962 1,228 169,217 170,445 Consumer installment loans — 112 112 4 13,874 13,878 All other loans — 10 10 — 1,210 1,210 Unallocated — 272 272 — — — Total loans $ 1,093 $ 7,875 $ 8,968 $ 15,322 $ 948,989 $ 964,311 December 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 $ 290 $ 3,176 $ 3,466 $ 4,117 $ 223,425 $ 227,542 Commercial 65 2,358 2,423 4,396 361,935 366,331 Construction and land development 556 691 1,247 4,276 103,538 107,814 Second mortgages — 24 24 — 8,410 8,410 Multifamily — 496 496 — 59,024 59,024 Agriculture 8 6 14 68 7,415 7,483 Total real estate loans 919 6,751 7,670 12,857 763,747 776,604 Commercial loans 39 1,100 1,139 1,433 157,591 159,024 Consumer installment loans 1 109 110 7 5,162 5,169 All other loans — 3 3 — 1,221 1,221 Unallocated — 47 47 — — — Total loans $ 959 $ 8,010 $ 8,969 $ 14,297 $ 927,721 $ 942,018 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 $17.7 million and $18.0 million at March 3 1 , 201 8 and December 31, 201 7 , 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 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 Pass Special Mention Substandard Doubtful Total Mortgage loans on real estate: Residential 1-4 family $ 217,935 $ 2,753 $ 2,029 $ — $ 222,717 Commercial 354,462 14,073 2,959 — 371,494 Construction and land development 103,810 170 5,554 — 109,534 Second mortgages 7,474 215 — — 7,689 Multifamily 57,357 — 2,563 — 59,920 Agriculture 6,952 386 86 — 7,424 Total real estate loans 747,990 17,597 13,191 — 778,778 Commercial loans 167,659 1,738 1,048 — 170,445 Consumer installment loans 13,683 191 4 — 13,878 All other loans 1,210 — — — 1,210 Total loans $ 930,542 $ 19,526 $ 14,243 $ — $ 964,311 December 31, 2017 Pass Special Mention Substandard Doubtful Total Mortgage loans on real estate: Residential 1-4 family $ 222,026 $ 3,442 $ 2,074 $ — $ 227,542 Commercial 355,188 8,145 2,998 — 366,331 Construction and land development 103,356 182 4,276 — 107,814 Second mortgages 8,187 223 — — 8,410 Multifamily 56,452 — 2,572 — 59,024 Agriculture 7,010 385 88 — 7,483 Total real estate loans 752,219 12,377 12,008 — 776,604 Commercial loans 156,604 1,171 1,249 — 159,024 Consumer installment loans 5,137 25 7 — 5,169 All other loans 1,221 — — — 1,221 Total loans $ 915,181 $ 13,573 $ 13,264 $ — $ 942,018 In accordance with FASB Accounting Standards Update ( 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 23 and 17 loans that met the definition of a TDR at March 3 1 , 201 8 and 201 7 , respectively. The Company had no loan modifications considered to be TDRs during the three months ended March 3 1 , 201 8 and 2017 . 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 8 and 201 7 . 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 8 , the Company had 1-4 family mortgages in the amount of $137.1 million pledged to the Federal Home Loan Bank with a lendable collateral value of $110.3 million. |
PCI Loans and Related Allowance
PCI Loans and Related Allowance for Loan Losses | 3 Months Ended |
Mar. 31, 2018 | |
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 8 and December 31, 201 7 , the outstanding contractual balance of the PCI loans was $68.2 million and $71.0 million, respectively. The carrying amount, by loan type, as of these dates is as follows (dollars in thousands): March 31, 2018 December 31, 2017 Amount % of PCI Loans Amount % of PCI Loans Mortgage loans on real estate: Residential 1-4 family $ 37,980 89.97 % $ 39,805 89.79 % Commercial 503 1.19 547 1.23 Construction and land development 1,526 3.61 1,588 3.58 Second mortgages 1,953 4.63 2,136 4.82 Multifamily 253 0.60 257 0.58 Total real estate loans 42,215 100.00 44,333 100.00 Total PCI loans $ 42,215 100.00 % $ 44,333 100.00 % There was no activity in the allowance for loan losses on PCI loans for the three months ended March 3 1 , 201 8 and 201 7 . The following table presents information on the PCI loans collectively evaluated for impairment in the allowance for loan losses at March 3 1 , 201 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 December 31, 2017 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 $ 37,980 $ 200 $ 39,805 Commercial — 503 — 547 Construction and land development — 1,526 — 1,588 Second mortgages — 1,953 — 2,136 Multifamily — 253 — 257 Total real estate loans 200 42,215 200 44,333 Total PCI loans $ 200 $ 42,215 $ 200 $ 44,333 The change in the accretable yield balance for the three months ended March 3 1 , 201 8 and the year ended December 31, 201 7 , is as follows (dollars in thousands): Balance, January 1, 2017 $ 48,355 Accretion (5,729) Reclassification from nonaccretable difference 1,500 Balance, December 31, 2017 $ 44,126 Accretion (1,397) Reclassification to nonaccretable difference (113) Balance, March 31, 2018 $ 42,616 The PCI loans were not classified as nonperforming assets as of March 3 1 , 201 8 , 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, 2018 | |
Other Real Estate Owned [Abstract] | |
Other Real Estate Owned | Note 5. Other Real Estate Owned The following table presents the balances of other real estate owned at March 3 1 , 201 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 December 31, 2017 Residential 1-4 family $ 882 $ 486 Commercial 15 15 Construction and land development 2,269 2,290 Total other real estate owned $ 3,166 $ 2,791 At March 3 1 , 201 8 , the Company had $417,000 in residential 1-4 family loans and PCI loans that were in the process of foreclosure. |
Deposits
Deposits | 3 Months Ended |
Mar. 31, 2018 | |
Deposits [Abstract] | |
Deposits | Note 6. Deposits The following table provides interest bearing deposit information, by type, a t March 3 1 , 201 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 December 31, 2017 NOW $ 154,236 $ 157,037 MMDA 148,404 143,363 Savings 93,724 93,980 Time deposits less than or equal to $250,000 435,481 437,810 Time deposits over $250,000 114,438 110,546 Total interest bearing deposits $ 946,283 $ 942,736 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Income | 3 Months Ended |
Mar. 31, 2018 | |
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 months ended March 3 1 , 201 8 and 201 7 (dollars in thousands): Three months ended March 31, 2018 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Gain (Loss) on Cash Flow Hedge Total Other Comprehensive (Loss) Income Beginning balance $ 954 $ (1,048) $ 137 $ 43 Other comprehensive (loss) income before reclassifications (1,940) - 146 (1,794) Amounts reclassified from AOCI (23) - - (23) Net current period other comprehensive (loss) income (1,963) - 146 (1,817) Ending balance $ (1,009) $ (1,048) $ 283 $ (1,774) 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 (loss) income before reclassifications 508 - 54 562 Amounts reclassified from AOCI (63) - - (63) Net current period other comprehensive (loss) income 445 - 54 499 Ending balance $ 35 $ (767) $ 8 $ (724) The following table presents the effects of reclassifications out of AOCI on line items of consolidated income for the three months ended March 3 1 , 201 8 and 201 7 (dollars in thousands): Details about AOCI Components Amount Reclassified from AOCI Affected Line Item in the Unaudited Consolidated Statement of Income Three months ended March 31, 2018 March 31, 2017 Securities available for sale: Unrealized gains on securities available for sale $ (30) $ (95) Gain on securities transactions, net Related tax expense 7 32 Income tax expense $ (23) $ (63) Net of tax |
Fair Values of Assets and Liabi
Fair Values of Assets and Liabilities | 3 Months Ended |
Mar. 31, 2018 | |
Fair Values of Assets and Liabilities [Abstract] | |
Fair Values of Assets and Liabilities | Note 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 8 . 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, 2018 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue and other U.S. Gov’t agencies $ 37,601 $ - $ 37,601 $ - U.S. Gov’t sponsored agencies 9,227 - 9,227 - State, county and municipal 123,574 1,468 122,106 - Corporate and other bonds 7,814 - 7,814 - Mortgage backed – U.S. Gov’t agencies 5,272 - 5,272 - Mortgage backed – U.S. Gov’t sponsored agencies 18,677 1,046 17,631 - Total investment securities available for sale 202,165 2,514 199,651 - Cash flow hedge 363 - 363 - Total assets at fair value $ 202,528 $ 2,514 $ 200,014 $ - Total liabilities at fair value $ - $ - $ - $ - December 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 $ 40,256 $ - $ 40,256 $ - U.S. Gov’t sponsored agencies 9,278 - 9,278 - State, county and municipal 125,760 332 125,428 - Corporate and other bonds 7,460 - 7,460 - Mortgage backed – U.S. Gov’t agencies 5,442 - 5,442 - Mortgage backed – U.S. Gov’t sponsored agencies 16,638 - 16,638 - Total investment securities available for sale 204,834 332 204,502 - Cash flow hedge 177 - 177 - Total assets at fair value $ 205,011 $ 332 $ 204,679 $ - Total liabilities at fair value $ - $ - $ - $ - 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). Quoted prices are available within the same month as the settlement date of the related security transaction. As a result, investment securities held at December 31, 2017 priced as Level 1 that were still held at March 31, 2018 were priced as Level 2 securities. 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 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 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 Total Level 1 Level 2 Level 3 Impaired loans $ 8,983 $ — $ 1,716 $ 7,267 Bank premises and equipment held for sale 525 — — 525 Other real estate owned 3,166 — 1,183 1,983 Total assets at fair value $ 12,674 $ — $ 2,899 $ 9,775 Total liabilities at fair value $ — $ — $ — $ — December 31, 2017 Total Level 1 Level 2 Level 3 Impaired loans $ 7,915 $ — $ 1,306 $ 6,609 Other real estate owned 2,791 — 1,203 1,588 Total assets at fair value $ 10,706 $ — $ 2,509 $ 8,197 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 8 and December 31, 201 7 , 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 , due to such things as absorption rates and market conditions, 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 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 8 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $44,534 $44,578 $ — $44,578 $ — Loans, net of allowance 955,343 961,245 — 961,245 PCI loans, net of allowance 42,015 46,345 — — 46,345 Financial liabilities: Interest bearing deposits 946,283 945,267 — 945,267 — Long-term borrowings 105,185 104,859 — 104,859 — December 31, 201 7 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $46,146 $46,888 $ — $46,888 $ — Loans, net of allowance 933,049 933,938 — 927,329 6,609 PCI loans, net of allowance 44,133 48,655 — — 48,655 Financial liabilities: Interest bearing deposits 942,736 943,037 — 943,037 — Long-term borrowings 105,553 105,363 — 105,363 — |
Earnings Per Common Share
Earnings Per Common Share | 3 Months Ended |
Mar. 31, 2018 | |
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 8 and 201 7 (dollars and shares in thousands, except per share data): Net Income (Loss) (Numerator) Weighted Average Common Shares (Denominator) Per Common Share Amount For the three months ended March 31, 2018 Basic EPS $ 2,594 22,076 $ 0.12 Effect of dilutive stock awards — 445 — Diluted EPS $ 2,594 22,521 $ 0.12 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 Antidilutive common shares issuable under awards or options of 279,000 were excluded from the computation of diluted earnings per common share for the three months ended March 31, 2018. There were no antidilutive exclusions from the computation of diluted earnings per common share for the three months ended March 3 1 , 201 7 . |
Employee Benefit Plan
Employee Benefit Plan | 3 Months Ended |
Mar. 31, 2018 | |
Employee Benefit Plan [Abstract] | |
Employee Benefit Plan | Note 10. 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 8 and 201 7 (dollars in thousands): Three months ended March 31, 2018 March 31, 2017 Interest cost $ 39 $ 39 Expected return on plan assets (59) (70) Amortization of prior service cost 1 1 Recognized net actuarial loss 15 12 Net periodic benefit cost $ (4) $ (18) |
Cash Flow Hedge
Cash Flow Hedge | 3 Months Ended |
Mar. 31, 2018 | |
Cash Flow Hedge [Abstract] | |
Cash Flow Hedge | Note 11. 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. The Company had $0 and $390,000 of cash pledged as collateral for the periods ended March 3 1 , 201 8 and December 31, 201 7, respectively . 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 3 1 , 201 8 and 201 7 . The fair value of the Company’s cash flow hedge was an unrealized gain of $363,000 and $177,000 at March 3 1 , 201 8 and December 31, 2017, respectively, and was recorded in other assets. The gain w as recorded as a component of other comprehensive income net of associated tax effects. |
Revenue Recognition
Revenue Recognition | 3 Months Ended |
Mar. 31, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Revenue Recognition | Note 12 . Revenue Recognition On January 1, 2018, the Company adopted ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) , and all subsequent ASUs that modified Topic 606. The implementation of the new standard did not have a material impact on the measurement or recognition of revenue; as such, a cumulative effect adjustment to opening retained earnings was not deemed necessary. Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, financial guarantees, derivatives, and certain credit card fees are also not in scope of the new guidance. Topic 606 is applicable to noninterest revenue streams such as deposit related fees, interchange fees, merchant income, and brokerage fees and commissions. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. Substantially all of the Company ’ s revenue is generated from contracts with customers. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service charges on deposit accounts The Company earns fees from its deposit customers for transaction-based, account maintenance, and overdraft services. Transaction-based fees, which include services such as stop payment charges, statement rendering, and ACH fees, are recognized at the time the transaction is executed as that is the point in time the Company fulfills the customer’s request. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the Company satisfies the performance obligation. Overdraft fees are recognized at the point in time that the overdraft occurs. Service charges on deposits are withdrawn from the customer’s account balance. Interchange fees The Company earns interchange and ATM fees from debit/credit cardholder transactions conducted through the Visa and ATM payment networks. Interchange fees from cardholder transactions represent a percentage of the underlying transaction value and are recognized daily, concurrently with the transaction processing services provided to the cardholder. Because the Company acts as an agent and does not control the services rendered to the customers, related costs are netted against the fee income. These costs were included in other operating expenses prior to the adoption of Topic 606. Brokerage fees and commissions Brokerage fees and commissions consists of other recurring revenue streams such as commissions from sales of mutual funds and other investments to its customers by a third - party service provider and investment advisor fees. The Company receive s commissions from the third-party service provider on a monthly basis based upon customer activity for the month. The investment advisor fees are charged to the customer ’ s account in advance on the first month of the quarter, and the revenue is recognized over the following three-month period. The following table presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three months ended March 31, 2018 and 2017 (dollars in thousands): Three months ended March 31, 2018 March 31, 2017 Noninterest income In-scope of Topic 606: Service charges on deposit accounts $ 391 $ 370 Interchange fees 190 155 Brokerage fees and commissions 61 80 Noninterest income (in-scope of Topic 606) 642 605 Noninterest income (out-of-scope of Topic 606) 440 430 Total noninterest income $ 1,082 $ 1,035 |
Branch Closing
Branch Closing | 3 Months Ended |
Mar. 31, 2018 | |
Branch Closing [Abstract] | |
Branch Closing | Note 13 . Branch Closing The Company will close its Prince Street branch located in Tappahanock, Virginia as of the close of business June 29, 2018. From a historical perspective, when the Company opened its Dillard branch, also in Tappahannock, the Company’s intention was to consolidate the Prince Street branch into the newer Dillard branch, which was built as a larger and modern banking facility. The Company is now following through with its intention. The Prince Street branch building is being marketed for sale. The book value of $525,000 reflects the lower of cost or fair market value at March 31, 2018. |
Securities (Tables)
Securities (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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 8 and December 31, 201 7 were as follows ( dollars in thousands): March 31, 2018 Gross Unrealized Amortized Cost Gains Losses Fair Value Securities Available for Sale U.S. Treasury issue and other U.S. Gov’t agencies $ 37,978 $ 149 $ (526) $ 37,601 U.S. Gov’t sponsored agencies 9,168 81 (22) 9,227 State, county and municipal 123,949 1,079 (1,454) 123,574 Corporate and other bonds 7,702 164 (52) 7,814 Mortgage backed – U.S. Gov’t agencies 5,456 20 (204) 5,272 Mortgage backed – U.S. Gov’t sponsored agencies 19,207 26 (556) 18,677 Total Securities Available for Sale $ 203,460 $ 1,519 $ (2,814) $ 202,165 Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ 10,000 $ — $ (255) $ 9,745 State, county and municipal 34,111 415 (121) 34,405 Mortgage backed – U.S. Gov’t agencies 423 5 — 428 Total Securities Held to Maturity $ 44,534 $ 420 $ (376) $ 44,578 December 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 $ 40,473 $ 165 $ (382) $ 40,256 U.S. Gov’t sponsored agencies 9,247 55 (24) 9,278 State, county and municipal 124,032 2,324 (596) 125,760 Corporate and other bonds 7,323 173 (36) 7,460 Mortgage backed – U.S. Gov’t agencies 5,551 37 (146) 5,442 Mortgage backed – U.S. Gov’t sponsored agencies 16,985 26 (373) 16,638 Total Securities Available for Sale $ 203,611 $ 2,780 $ (1,557) $ 204,834 Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ 10,000 $ — $ (155) $ 9,845 State, county and municipal 35,678 922 (33) 36,567 Mortgage backed – U.S. Gov’t agencies 468 8 — 476 Total Securities Held to Maturity $ 46,146 $ 930 $ (188) $ 46,888 |
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 $ 13,662 $ 13,426 $ 5,321 $ 5,292 Due after one year through five years 13,737 13,808 89,246 89,466 Due after five years through ten years 12,529 12,692 101,615 100,099 Due after ten years 4,606 4,652 7,278 7,308 Total securities $ 44,534 $ 44,578 $ 203,460 $ 202,165 |
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 8 and 201 7 were as follows (dollars in thousands) : Three months ended March 31, 2018 March 31, 2017 Gross realized gains $ 42 $ 130 Gross realized losses (12) (35) Net securities gains $ 30 $ 95 |
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 8 and December 31, 201 7 were as follows (dollars in thousands): March 31, 2018 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 $ 7,555 $ (70) $ 16,619 $ (456) $ 24,174 $ (526) U.S. Gov’t sponsored agencies - - 2,969 (22) 2,969 (22) State, county and municipal 42,017 (815) 10,481 (639) 52,498 (1,454) Corporate and other bonds 481 (16) 2,681 (36) 3,162 (52) Mortgage backed – U.S. Gov’t agencies 1,670 (42) 1,836 (162) 3,506 (204) Mortgage backed – U.S. Gov’t sponsored agencies 7,865 (238) 7,790 (318) 15,655 (556) Total $ 59,588 $ (1,181) $ 42,376 $ (1,633) $ 101,964 $ (2,814) Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ - $ - $ 9,745 $ (255) $ 9,745 $ (255) State, county and municipal 6,118 (89) 1,245 (32) 7,363 (121) Total $ 6,118 $ (89) $ 10,990 $ (287) $ 17,108 $ (376) December 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 $ 5,097 $ (36) $ 19,443 $ (346) $ 24,540 $ (382) U.S. Gov’t sponsored agencies 497 (3) 5,040 (21) 5,537 (24) State, county and municipal 20,740 (188) 9,569 (408) 30,309 (596) Corporate and other bonds - - 2,772 (36) 2,772 (36) Mortgage backed – U.S. Gov’t agencies 1,722 (25) 1,876 (121) 3,598 (146) Mortgage backed – U.S. Gov’t sponsored agencies 6,525 (111) 7,985 (262) 14,510 (373) Total $ 34,581 $ (363) $ 46,685 $ (1,194) $ 81,266 $ (1,557) Securities Held to Maturity U.S. Treasury issue and other U.S. Gov’t agencies $ - $ - $ 9,845 $ (155) $ 9,845 $ (155) State, county and municipal 1,485 (14) 1,262 (19) 2,747 (33) Total $ 1,485 $ (14) $ 11,107 $ (174) $ 12,592 $ (188) |
Loans and Related Allowance f22
Loans and Related Allowance for Loan Losses (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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 8 and December 31, 201 7 were comprised of the following (dollars in thousands): March 31, 2018 December 31, 2017 Amount % of Loans Amount % of Loans Mortgage loans on real estate: Residential 1-4 family $ 222,717 23.10 % $ 227,542 24.16 % Commercial 371,494 38.52 366,331 38.89 Construction and land development 109,534 11.36 107,814 11.44 Second mortgages 7,689 0.80 8,410 0.89 Multifamily 59,920 6.21 59,024 6.27 Agriculture 7,424 0.77 7,483 0.79 Total real estate loans 778,778 80.76 776,604 82.44 Commercial loans 170,445 17.67 159,024 16.88 Consumer installment loans 13,878 1.44 5,169 0.55 All other loans 1,210 0.13 1,221 0.13 Total loans $ 964,311 100.00 % $ 942,018 100.00 % |
Summary of Information Related to Impaired Loans | The following table summarizes information related to impaired loans as of March 3 1 , 201 8 (dollars in thousands): Three months ended March 31, 2018 March 31, 2018 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 $ 1,873 $ 2,235 $ — $ 1,888 $ 7 Commercial 3,825 4,467 — 3,844 37 Construction and land development 417 417 — 208 — Agriculture — — — — — Total real estate loans 6,115 7,119 — 5,940 44 Commercial loans 978 978 — 1,043 — Subtotal impaired loans with no valuation allowance 7,093 8,097 — 6,983 44 With an allowance recorded: Mortgage loans on real estate: Residential 1-4 family 2,253 2,688 296 2,234 19 Commercial 518 955 64 525 2 Construction and land development 5,137 6,401 694 4,707 — Agriculture 67 71 8 68 — Total real estate loans 7,975 10,115 1,062 7,534 21 Commercial loans 250 251 31 287 1 Consumer installment loans 4 4 — 5 — Subtotal impaired loans with a valuation allowance 8,229 10,370 1,093 7,826 22 Total: Mortgage loans on real estate: Residential 1-4 family 4,126 4,923 296 4,122 26 Commercial 4,343 5,422 64 4,369 39 Construction and land development 5,554 6,818 694 4,915 — Agriculture 67 71 8 68 — Total real estate loans 14,090 17,234 1,062 13,474 65 Commercial loans 1,228 1,229 31 1,330 1 Consumer installment loans 4 4 — 5 — Total impaired loans $ 15,322 $ 18,467 $ 1,093 $ 14,809 $ 66 (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 or valuation allowances The following table summarizes information related to impaired loans as of December 31, 201 7 and the three months ended March 3 1 , 201 7 (dollars in thousands): Three months ended December 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 $ 1,901 $ 2,246 $ — $ 1,947 $ 7 Commercial 3,862 4,477 — 5,363 38 Construction and land development — — — — — Agriculture — — — — — Total real estate loans 5,763 6,723 — 7,310 45 Commercial loans 1,108 1,108 — 600 — Consumer installment loans — — — — — Subtotal impaired loans with no valuation allowance 6,871 7,831 — 7,910 45 With an allowance recorded: Mortgage loans on real estate: Residential 1-4 family 2,216 2,640 290 2,478 12 Commercial 533 958 65 506 2 Construction and land development 4,277 5,537 556 4,900 — Agriculture 68 71 8 — — Total real estate loans 7,094 9,206 919 7,884 14 Commercial loans 325 446 39 168 1 Consumer installment loans 7 7 1 162 — Subtotal impaired loans with a valuation allowance 7,426 9,659 959 8,214 15 Total: Mortgage loans on real estate: Residential 1-4 family 4,117 4,886 290 4,425 19 Commercial 4,395 5,435 65 5,869 40 Construction and land development 4,277 5,537 556 4,900 — Agriculture 68 71 8 — — Total real estate loans 12,857 15,929 919 15,194 59 Commercial loans 1,433 1,554 39 768 1 Consumer installment loans 7 7 1 162 — Total impaired loans $ 14,297 $ 17,490 $ 959 $ 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 or valuation allowances |
Reconciliation of Impaired Loans to Nonaccrual Loans | Troubled debt restructures 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 8 and December 31, 201 7 , is set forth in the table below (dollars in thousands): March 31, 2018 December 31, 2017 Nonaccruals $ 10,090 $ 9,026 Trouble debt restructure and still accruing 5,232 5,271 Total impaired $ 15,322 $ 14,297 |
Age Analysis of Past Due Status of Loans, Excluding PCI Loans | There were no loans greater than 90 days past due and still accruing interest at March 3 1 , 201 8 and December 31, 201 7 . The following tables present an age analysis of past due status of loans by category as of March 3 1 , 201 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 30-89 Days Past Due Nonaccrual Total Past Due Current Total Loans Receivable Mortgage loans on real estate: Residential 1-4 family $ 1,075 $ 1,985 $ 3,060 $ 219,657 $ 222,717 Commercial 1,611 1,466 3,077 368,417 371,494 Construction and land development 62 5,554 5,616 103,918 109,534 Second mortgages — — — 7,689 7,689 Multifamily — — — 59,920 59,920 Agriculture 19 67 86 7,338 7,424 Total real estate loans 2,767 9,072 11,839 766,939 778,778 Commercial loans 98 1,014 1,112 169,333 170,445 Consumer installment loans 9 4 13 13,865 13,878 All other loans — — — 1,210 1,210 Total loans $ 2,874 $ 10,090 $ 12,964 $ 951,347 $ 964,311 December 31, 2017 30-89 Days Past Due Nonaccrual Total Past Due Current Total Loans Receivable Mortgage loans on real estate: Residential 1-4 family $ 1,056 $ 1,962 $ 3,018 $ 224,524 $ 227,542 Commercial 104 1,498 1,602 364,729 366,331 Construction and land development — 4,277 4,277 103,537 107,814 Second mortgages — — — 8,410 8,410 Multifamily — — — 59,024 59,024 Agriculture 19 68 87 7,396 7,483 Total real estate loans 1,179 7,805 8,984 767,620 776,604 Commercial loans 48 1,214 1,262 157,762 159,024 Consumer installment loans 12 7 19 5,150 5,169 All other loans — — — 1,221 1,221 Total loans $ 1,239 $ 9,026 $ 10,265 $ 931,753 $ 942,018 |
Allowance for Loan Losses on Loans, by Segment | Activity in the allowance for loan losses on loans by segment for the thre e months ended March 3 1 , 201 8 and 201 7 is presented in the following tables (dollars in thousands): December 31, 2017 Provision Allocation Charge-offs Recoveries March 31, 2018 Mortgage loans on real estate: Residential 1-4 family $ 3,466 $ (366) $ — $ 15 $ 3,115 Commercial 2,423 184 — 13 2,620 Construction and land development 1,247 364 — 1 1,612 Second mortgages 24 9 — 1 34 Multifamily 496 (298) — — 198 Agriculture 14 19 — — 33 Total real estate loans 7,670 (88) — 30 7,612 Commercial loans 1,139 (152) (39) 14 962 Consumer installment loans 110 8 (45) 39 112 All other loans 3 7 — — 10 Unallocated 47 225 — — 272 Total loans $ 8,969 $ — $ (84) $ 83 $ 8,968 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 |
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 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 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 $ 296 $ 2,819 $ 3,115 $ 4,126 $ 218,591 $ 222,717 Commercial 64 2,556 2,620 4,343 367,151 371,494 Construction and land development 694 918 1,612 5,554 103,980 109,534 Second mortgages — 34 34 — 7,689 7,689 Multifamily — 198 198 — 59,920 59,920 Agriculture 8 25 33 67 7,357 7,424 Total real estate loans 1,062 6,550 7,612 14,090 764,688 778,778 Commercial loans 31 931 962 1,228 169,217 170,445 Consumer installment loans — 112 112 4 13,874 13,878 All other loans — 10 10 — 1,210 1,210 Unallocated — 272 272 — — — Total loans $ 1,093 $ 7,875 $ 8,968 $ 15,322 $ 948,989 $ 964,311 December 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 $ 290 $ 3,176 $ 3,466 $ 4,117 $ 223,425 $ 227,542 Commercial 65 2,358 2,423 4,396 361,935 366,331 Construction and land development 556 691 1,247 4,276 103,538 107,814 Second mortgages — 24 24 — 8,410 8,410 Multifamily — 496 496 — 59,024 59,024 Agriculture 8 6 14 68 7,415 7,483 Total real estate loans 919 6,751 7,670 12,857 763,747 776,604 Commercial loans 39 1,100 1,139 1,433 157,591 159,024 Consumer installment loans 1 109 110 7 5,162 5,169 All other loans — 3 3 — 1,221 1,221 Unallocated — 47 47 — — — Total loans $ 959 $ 8,010 $ 8,969 $ 14,297 $ 927,721 $ 942,018 |
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 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 Pass Special Mention Substandard Doubtful Total Mortgage loans on real estate: Residential 1-4 family $ 217,935 $ 2,753 $ 2,029 $ — $ 222,717 Commercial 354,462 14,073 2,959 — 371,494 Construction and land development 103,810 170 5,554 — 109,534 Second mortgages 7,474 215 — — 7,689 Multifamily 57,357 — 2,563 — 59,920 Agriculture 6,952 386 86 — 7,424 Total real estate loans 747,990 17,597 13,191 — 778,778 Commercial loans 167,659 1,738 1,048 — 170,445 Consumer installment loans 13,683 191 4 — 13,878 All other loans 1,210 — — — 1,210 Total loans $ 930,542 $ 19,526 $ 14,243 $ — $ 964,311 December 31, 2017 Pass Special Mention Substandard Doubtful Total Mortgage loans on real estate: Residential 1-4 family $ 222,026 $ 3,442 $ 2,074 $ — $ 227,542 Commercial 355,188 8,145 2,998 — 366,331 Construction and land development 103,356 182 4,276 — 107,814 Second mortgages 8,187 223 — — 8,410 Multifamily 56,452 — 2,572 — 59,024 Agriculture 7,010 385 88 — 7,483 Total real estate loans 752,219 12,377 12,008 — 776,604 Commercial loans 156,604 1,171 1,249 — 159,024 Consumer installment loans 5,137 25 7 — 5,169 All other loans 1,221 — — — 1,221 Total loans $ 915,181 $ 13,573 $ 13,264 $ — $ 942,018 |
PCI Loans and Related Allowan23
PCI Loans and Related Allowance for Loan Losses (Tables) - Covered Loans [Member] | 3 Months Ended |
Mar. 31, 2018 | |
Summary of PCI Loans | The carrying amount, by loan type, as of these dates is as follows (dollars in thousands): March 31, 2018 December 31, 2017 Amount % of PCI Loans Amount % of PCI Loans Mortgage loans on real estate: Residential 1-4 family $ 37,980 89.97 % $ 39,805 89.79 % Commercial 503 1.19 547 1.23 Construction and land development 1,526 3.61 1,588 3.58 Second mortgages 1,953 4.63 2,136 4.82 Multifamily 253 0.60 257 0.58 Total real estate loans 42,215 100.00 44,333 100.00 Total PCI loans $ 42,215 100.00 % $ 44,333 100.00 % |
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 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 December 31, 2017 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 $ 37,980 $ 200 $ 39,805 Commercial — 503 — 547 Construction and land development — 1,526 — 1,588 Second mortgages — 1,953 — 2,136 Multifamily — 253 — 257 Total real estate loans 200 42,215 200 44,333 Total PCI loans $ 200 $ 42,215 $ 200 $ 44,333 |
Summary of Changes in the Accretable Yield | The change in the accretable yield balance for the three months ended March 3 1 , 201 8 and the year ended December 31, 201 7 , is as follows (dollars in thousands): Balance, January 1, 2017 $ 48,355 Accretion (5,729) Reclassification from nonaccretable difference 1,500 Balance, December 31, 2017 $ 44,126 Accretion (1,397) Reclassification to nonaccretable difference (113) Balance, March 31, 2018 $ 42,616 |
Other Real Estate Owned (Tables
Other Real Estate Owned (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 December 31, 2017 Residential 1-4 family $ 882 $ 486 Commercial 15 15 Construction and land development 2,269 2,290 Total other real estate owned $ 3,166 $ 2,791 |
Deposits (Tables)
Deposits (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Deposits [Abstract] | |
Summary of Interest Bearing Deposits | The following table provides interest bearing deposit information, by type, a t March 3 1 , 201 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 December 31, 2017 NOW $ 154,236 $ 157,037 MMDA 148,404 143,363 Savings 93,724 93,980 Time deposits less than or equal to $250,000 435,481 437,810 Time deposits over $250,000 114,438 110,546 Total interest bearing deposits $ 946,283 $ 942,736 |
Accumulated Other Comprehensi26
Accumulated Other Comprehensive Income (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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 months ended March 3 1 , 201 8 and 201 7 (dollars in thousands): Three months ended March 31, 2018 Unrealized Gain (Loss) on Securities Defined Benefit Pension Plan Gain (Loss) on Cash Flow Hedge Total Other Comprehensive (Loss) Income Beginning balance $ 954 $ (1,048) $ 137 $ 43 Other comprehensive (loss) income before reclassifications (1,940) - 146 (1,794) Amounts reclassified from AOCI (23) - - (23) Net current period other comprehensive (loss) income (1,963) - 146 (1,817) Ending balance $ (1,009) $ (1,048) $ 283 $ (1,774) 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 (loss) income before reclassifications 508 - 54 562 Amounts reclassified from AOCI (63) - - (63) Net current period other comprehensive (loss) income 445 - 54 499 Ending balance $ 35 $ (767) $ 8 $ (724) |
Effects of Reclassifications Out of AOCI | The following table presents the effects of reclassifications out of AOCI on line items of consolidated income for the three months ended March 3 1 , 201 8 and 201 7 (dollars in thousands): Details about AOCI Components Amount Reclassified from AOCI Affected Line Item in the Unaudited Consolidated Statement of Income Three months ended March 31, 2018 March 31, 2017 Securities available for sale: Unrealized gains on securities available for sale $ (30) $ (95) Gain on securities transactions, net Related tax expense 7 32 Income tax expense $ (23) $ (63) Net of tax |
Fair Values of Assets and Lia27
Fair Values of Assets and Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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, 2018 Total Level 1 Level 2 Level 3 Investment securities available for sale U.S. Treasury issue and other U.S. Gov’t agencies $ 37,601 $ - $ 37,601 $ - U.S. Gov’t sponsored agencies 9,227 - 9,227 - State, county and municipal 123,574 1,468 122,106 - Corporate and other bonds 7,814 - 7,814 - Mortgage backed – U.S. Gov’t agencies 5,272 - 5,272 - Mortgage backed – U.S. Gov’t sponsored agencies 18,677 1,046 17,631 - Total investment securities available for sale 202,165 2,514 199,651 - Cash flow hedge 363 - 363 - Total assets at fair value $ 202,528 $ 2,514 $ 200,014 $ - Total liabilities at fair value $ - $ - $ - $ - December 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 $ 40,256 $ - $ 40,256 $ - U.S. Gov’t sponsored agencies 9,278 - 9,278 - State, county and municipal 125,760 332 125,428 - Corporate and other bonds 7,460 - 7,460 - Mortgage backed – U.S. Gov’t agencies 5,442 - 5,442 - Mortgage backed – U.S. Gov’t sponsored agencies 16,638 - 16,638 - Total investment securities available for sale 204,834 332 204,502 - Cash flow hedge 177 - 177 - Total assets at fair value $ 205,011 $ 332 $ 204,679 $ - Total liabilities at fair value $ - $ - $ - $ - |
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 8 and December 31, 201 7 (dollars in thousands): March 31, 2018 Total Level 1 Level 2 Level 3 Impaired loans $ 8,983 $ — $ 1,716 $ 7,267 Bank premises and equipment held for sale 525 — — 525 Other real estate owned 3,166 — 1,183 1,983 Total assets at fair value $ 12,674 $ — $ 2,899 $ 9,775 Total liabilities at fair value $ — $ — $ — $ — December 31, 2017 Total Level 1 Level 2 Level 3 Impaired loans $ 7,915 $ — $ 1,306 $ 6,609 Other real estate owned 2,791 — 1,203 1,588 Total assets at fair value $ 10,706 $ — $ 2,509 $ 8,197 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 8 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $44,534 $44,578 $ — $44,578 $ — Loans, net of allowance 955,343 961,245 — 961,245 PCI loans, net of allowance 42,015 46,345 — — 46,345 Financial liabilities: Interest bearing deposits 946,283 945,267 — 945,267 — Long-term borrowings 105,185 104,859 — 104,859 — December 31, 201 7 Carrying Value Estimated Fair Value Level 1 Level 2 Level 3 Financial assets: Securities held to maturity $46,146 $46,888 $ — $46,888 $ — Loans, net of allowance 933,049 933,938 — 927,329 6,609 PCI loans, net of allowance 44,133 48,655 — — 48,655 Financial liabilities: Interest bearing deposits 942,736 943,037 — 943,037 — Long-term borrowings 105,553 105,363 — 105,363 — |
Earnings Per Common Share (Tabl
Earnings Per Common Share (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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 8 and 201 7 (dollars and shares in thousands, except per share data): Net Income (Loss) (Numerator) Weighted Average Common Shares (Denominator) Per Common Share Amount For the three months ended March 31, 2018 Basic EPS $ 2,594 22,076 $ 0.12 Effect of dilutive stock awards — 445 — Diluted EPS $ 2,594 22,521 $ 0.12 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 |
Employee Benefit Plan (Tables)
Employee Benefit Plan (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
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 8 and 201 7 (dollars in thousands): Three months ended March 31, 2018 March 31, 2017 Interest cost $ 39 $ 39 Expected return on plan assets (59) (70) Amortization of prior service cost 1 1 Recognized net actuarial loss 15 12 Net periodic benefit cost $ (4) $ (18) |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 3 Months Ended |
Mar. 31, 2018 | |
Revenue from Contract with Customer [Abstract] | |
Noninterest Income, Segregated By Revenue Streams In Scope And Out Of Scope Of Topic 606 [Table Text Block] | The following table presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three months ended March 31, 2018 and 2017 (dollars in thousands): Three months ended March 31, 2018 March 31, 2017 Noninterest income In-scope of Topic 606: Service charges on deposit accounts $ 391 $ 370 Interchange fees 190 155 Brokerage fees and commissions 61 80 Noninterest income (in-scope of Topic 606) 642 605 Noninterest income (out-of-scope of Topic 606) 440 430 Total noninterest income $ 1,082 $ 1,035 |
Nature of Banking Activities 31
Nature of Banking Activities and Significant Accounting Policies (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2018property | |
Organization And Significant Accounting Policies [Line Items] | |
Number of full-service offices | 26 |
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, 2018USD ($)security | Mar. 31, 2017USD ($) | Dec. 31, 2017USD ($) | |
Schedule Of Marketable Securities [Line Items] | |||
Proceeds from sales of securities | $ 7,000 | $ 22,300 | |
Investments held having OTTI losses | $ 0 | $ 0 | |
Number of securities with unrealized losses | security | 176 | ||
Investment grade corporate obligations comprise securities with unrealized losses | security | 5 | ||
Securities with amortized costs | $ 68,600 | $ 71,700 | |
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 | $ 7,000 | $ 7,000 | |
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | |||
Schedule Of Marketable Securities [Line Items] | |||
Securities with investment grade | security | 169 |
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, 2018 | Dec. 31, 2017 |
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | $ 203,460 | $ 203,611 |
Securities Available for Sale, Gross Unrealized Gains | 1,519 | 2,780 |
Securities Available for Sale, Gross Unrealized Losses | (2,814) | (1,557) |
Securities Available for Sale, Fair Value | 202,165 | 204,834 |
Securities Held to Maturity, Amortized Cost | 44,534 | 46,146 |
Securities Held to Maturity, Gross Unrealized Gains | 420 | 930 |
Securities Held to Maturity, Gross Unrealized Losses | (376) | (188) |
Securities Held to Maturity, Fair Value | 44,578 | 46,888 |
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 | 37,978 | 40,473 |
Securities Available for Sale, Gross Unrealized Gains | 149 | 165 |
Securities Available for Sale, Gross Unrealized Losses | (526) | (382) |
Securities Available for Sale, Fair Value | 37,601 | 40,256 |
Securities Held to Maturity, Amortized Cost | 10,000 | 10,000 |
Securities Held to Maturity, Gross Unrealized Losses | (255) | (155) |
Securities Held to Maturity, Fair Value | 9,745 | 9,845 |
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 | 9,168 | 9,247 |
Securities Available for Sale, Gross Unrealized Gains | 81 | 55 |
Securities Available for Sale, Gross Unrealized Losses | (22) | (24) |
Securities Available for Sale, Fair Value | 9,227 | 9,278 |
State, County and Municipal [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 123,949 | 124,032 |
Securities Available for Sale, Gross Unrealized Gains | 1,079 | 2,324 |
Securities Available for Sale, Gross Unrealized Losses | (1,454) | (596) |
Securities Available for Sale, Fair Value | 123,574 | 125,760 |
Securities Held to Maturity, Amortized Cost | 34,111 | 35,678 |
Securities Held to Maturity, Gross Unrealized Gains | 415 | 922 |
Securities Held to Maturity, Gross Unrealized Losses | (121) | (33) |
Securities Held to Maturity, Fair Value | 34,405 | 36,567 |
Corporate and Other Bonds [Member] | ||
Schedule Of Available For Sale And Held To Maturity Securities [Line Items] | ||
Securities Available for Sale, Amortized Cost | 7,702 | 7,323 |
Securities Available for Sale, Gross Unrealized Gains | 164 | 173 |
Securities Available for Sale, Gross Unrealized Losses | (52) | (36) |
Securities Available for Sale, Fair Value | 7,814 | 7,460 |
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 | 5,456 | 5,551 |
Securities Available for Sale, Gross Unrealized Gains | 20 | 37 |
Securities Available for Sale, Gross Unrealized Losses | (204) | (146) |
Securities Available for Sale, Fair Value | 5,272 | 5,442 |
Securities Held to Maturity, Amortized Cost | 423 | 468 |
Securities Held to Maturity, Gross Unrealized Gains | 5 | 8 |
Securities Held to Maturity, Gross Unrealized Losses | ||
Securities Held to Maturity, Fair Value | 428 | 476 |
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 | 19,207 | 16,985 |
Securities Available for Sale, Gross Unrealized Gains | 26 | 26 |
Securities Available for Sale, Gross Unrealized Losses | (556) | (373) |
Securities Available for Sale, Fair Value | $ 18,677 | $ 16,638 |
Securities (Amortized Cost and
Securities (Amortized Cost and Fair Value of Securities by Contractual Maturity) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Securities [Abstract] | ||
Due in one year or less, Held to Maturity, Amortized Cost | $ 13,662 | |
Due after one year through five years, Held to Maturity, Amortized Cost | 13,737 | |
Due after five years through ten years, Held to Maturity, Amortized Cost | 12,529 | |
Due after ten years, Held to Maturity, Amortized Cost | 4,606 | |
Total securities, Held to Maturity, Amortized Cost | 44,534 | $ 46,146 |
Due in one year or less, Held to Maturity, Fair Value | 13,426 | |
Due after one year through five years, Held to Maturity, Fair Value | 13,808 | |
Due after five years through ten years, Held to Maturity, Fair Value | 12,692 | |
Due after ten years, Held to Maturity, Fair Value | 4,652 | |
Securities Held to Maturity, Fair Value | 44,578 | 46,888 |
Due in one year or less, Available for Sale, Amortized Cost | 5,321 | |
Due after one year through five years, Available for Sale, Amortized Cost | 89,246 | |
Due after five years through ten years, Available for Sale, Amortized Cost | 101,615 | |
Due after ten years, Available for Sale, Amortized Cost | 7,278 | |
Securities Available for Sale, Amortized Cost | 203,460 | 203,611 |
Due in one year or less, Available for Sale, Fair Value | 5,292 | |
Due after one year through five years, Available for Sale, Fair Value | 89,466 | |
Due after five years through ten years, Available for Sale, Fair Value | 100,099 | |
Due after ten years, Available for Sale, Fair Value | 7,308 | |
Securities Available for Sale, Fair Value | $ 202,165 | $ 204,834 |
Securities (Summary of Realized
Securities (Summary of Realized Gains and Losses on Sales of Securities) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Securities [Abstract] | ||
Gross realized gains | $ 42 | $ 130 |
Gross realized losses | (12) | (35) |
Net securities gains | $ 30 | $ 95 |
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, 2018 | Dec. 31, 2017 |
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | $ 59,588 | $ 34,581 |
Unrealized Loss, Less than 12 Months | (1,181) | (363) |
Fair Value, 12 Months or More | 42,376 | 46,685 |
Unrealized Loss, 12 Months or More | (1,633) | (1,194) |
Fair Value, Total | 101,964 | 81,266 |
Unrealized Loss, Total | (2,814) | (1,557) |
Securities Held to Maturity | ||
Fair Value, Less than 12 Months | 6,118 | 1,485 |
Unrealized Loss, Less than 12 Months | (89) | (14) |
Fair Value, 12 Months or More | 10,990 | 11,107 |
Unrealized Loss, 12 Months or More | (287) | (174) |
Fair Value, Total | 17,108 | 12,592 |
Unrealized Loss, Total | (376) | (188) |
U.S. Treasury Issue and Other U.S. Gov't Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 7,555 | 5,097 |
Unrealized Loss, Less than 12 Months | (70) | (36) |
Fair Value, 12 Months or More | 16,619 | 19,443 |
Unrealized Loss, 12 Months or More | (456) | (346) |
Fair Value, Total | 24,174 | 24,540 |
Unrealized Loss, Total | (526) | (382) |
Securities Held to Maturity | ||
Fair Value, 12 Months or More | 9,745 | 9,845 |
Unrealized Loss, 12 Months or More | (255) | (155) |
Fair Value, Total | 9,745 | 9,845 |
Unrealized Loss, Total | (255) | (155) |
U.S. Gov't Sponsored Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 497 | |
Unrealized Loss, Less than 12 Months | (3) | |
Fair Value, 12 Months or More | 2,969 | 5,040 |
Unrealized Loss, 12 Months or More | (22) | (21) |
Fair Value, Total | 2,969 | 5,537 |
Unrealized Loss, Total | (22) | (24) |
State, County and Municipal [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 42,017 | 20,740 |
Unrealized Loss, Less than 12 Months | (815) | (188) |
Fair Value, 12 Months or More | 10,481 | 9,569 |
Unrealized Loss, 12 Months or More | (639) | (408) |
Fair Value, Total | 52,498 | 30,309 |
Unrealized Loss, Total | (1,454) | (596) |
Securities Held to Maturity | ||
Fair Value, Less than 12 Months | 6,118 | 1,485 |
Unrealized Loss, Less than 12 Months | (89) | (14) |
Fair Value, 12 Months or More | 1,245 | 1,262 |
Unrealized Loss, 12 Months or More | (32) | (19) |
Fair Value, Total | 7,363 | 2,747 |
Unrealized Loss, Total | (121) | (33) |
Corporate and Other Bonds [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 481 | |
Unrealized Loss, Less than 12 Months | (16) | |
Fair Value, 12 Months or More | 2,681 | 2,772 |
Unrealized Loss, 12 Months or More | (36) | (36) |
Fair Value, Total | 3,162 | 2,772 |
Unrealized Loss, Total | (52) | (36) |
Mortgage Backed - U.S. Gov't Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 1,670 | 1,722 |
Unrealized Loss, Less than 12 Months | (42) | (25) |
Fair Value, 12 Months or More | 1,836 | 1,876 |
Unrealized Loss, 12 Months or More | (162) | (121) |
Fair Value, Total | 3,506 | 3,598 |
Unrealized Loss, Total | (204) | (146) |
Mortgage Backed - U.S. Gov't Sponsored Agencies [Member] | ||
Secutities Available for Sale | ||
Fair Value, Less than 12 Months | 7,865 | 6,525 |
Unrealized Loss, Less than 12 Months | (238) | (111) |
Fair Value, 12 Months or More | 7,790 | 7,985 |
Unrealized Loss, 12 Months or More | (318) | (262) |
Fair Value, Total | 15,655 | 14,510 |
Unrealized Loss, Total | $ (556) | $ (373) |
Loans and Related Allowance f37
Loans and Related Allowance for Loan Losses (Narrative) (Details) | 3 Months Ended | ||
Mar. 31, 2018USD ($)loan | Mar. 31, 2017USD ($)loan | Dec. 31, 2017USD ($) | |
Financing Receivable, Recorded Investment [Line Items] | |||
Purchased government-guaranteed loans | $ 964,311,000 | $ 942,018,000 | |
Recoveries | 83,000 | $ 105,000 | |
Interest income recognized on impaired loans | 66,000 | 60,000 | |
Estimated interest income | $ 160,000 | $ 163,000 | |
Number of contracts | loan | 23 | 17 | |
Number of contracts | loan | 0 | 0 | |
1-4 family mortgages pledged as collateral to the Federal Bank Home Loan | $ 137,100,000 | ||
Total borrowing capacity | 110,300,000 | ||
Provision for loan losses | |||
Guaranteed Loans [Member] | |||
Financing Receivable, Recorded Investment [Line Items] | |||
Purchased government-guaranteed loans | $ 17,700,000 | 18,000,000 | |
Percentage of loans guaranteed by the USDA | 100.00% | ||
Unamortized purchase premium | $ 785,000 | $ 824,000 |
Loans and Related Allowance f38
Loans and Related Allowance for Loan Losses (Summary of Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 964,311 | $ 942,018 |
Percent of loans | 100.00% | 100.00% |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 778,778 | $ 776,604 |
Percent of loans | 80.76% | 82.44% |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 222,717 | $ 227,542 |
Percent of loans | 23.10% | 24.16% |
Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 371,494 | $ 366,331 |
Percent of loans | 38.52% | 38.89% |
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 109,534 | $ 107,814 |
Percent of loans | 11.36% | 11.44% |
Mortgage Loans on Real Estate [Member] | Second Mortgages [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 7,689 | $ 8,410 |
Percent of loans | 0.80% | 0.89% |
Mortgage Loans on Real Estate [Member] | Multifamily [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 59,920 | $ 59,024 |
Percent of loans | 6.21% | 6.27% |
Mortgage Loans on Real Estate [Member] | Agriculture [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 7,424 | $ 7,483 |
Percent of loans | 0.77% | 0.79% |
Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 170,445 | $ 159,024 |
Percent of loans | 17.67% | 16.88% |
Consumer Installment Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 13,878 | $ 5,169 |
Percent of loans | 1.44% | 0.55% |
All Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total loans | $ 1,210 | $ 1,221 |
Percent of loans | 0.13% | 0.13% |
Loans and Related Allowance f39
Loans and Related Allowance for Loan Losses (Summary of Information Related to Impaired Loans) (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2018 | Mar. 31, 2017 | Dec. 31, 2017 | ||
Financing Receivable, Impaired [Line Items] | ||||
With no related allowance recorded, Recorded Investment | [1] | $ 7,093 | $ 6,871 | |
With no related allowance recorded, Unpaid Principal Balance | [2] | 8,097 | 7,831 | |
With a related allowance, Recorded Investment | [1] | 8,229 | 7,426 | |
With a related allowance, Unpaid Principal Balance | [2] | 10,370 | 9,659 | |
Total, Recorded Investment | [1] | 15,322 | 14,297 | |
Total, Unpaid Principal Balance | [2] | 18,467 | 17,490 | |
Related Allowance | 1,093 | 959 | ||
With no related allowance recorded, Average Investment | 6,983 | $ 7,910 | ||
With a related allowance, Average Investment | 7,826 | 8,214 | ||
Total, Average Investment | 14,809 | 16,124 | ||
With no related allowance recorded, Interest Recognized | 44 | 45 | ||
With a related allowance, Interest Recognized | 22 | 15 | ||
Total, Interest Recognized | 66 | 60 | ||
Mortgage Loans on Real Estate [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With no related allowance recorded, Recorded Investment | [1] | 6,115 | 5,763 | |
With no related allowance recorded, Unpaid Principal Balance | [2] | 7,119 | 6,723 | |
With a related allowance, Recorded Investment | [1] | 7,975 | 7,094 | |
With a related allowance, Unpaid Principal Balance | [2] | 10,115 | 9,206 | |
Total, Recorded Investment | [1] | 14,090 | 12,857 | |
Total, Unpaid Principal Balance | [2] | 17,234 | 15,929 | |
Related Allowance | 1,062 | 919 | ||
With no related allowance recorded, Average Investment | 5,940 | 7,310 | ||
With a related allowance, Average Investment | 7,534 | 7,884 | ||
Total, Average Investment | 13,474 | 15,194 | ||
With no related allowance recorded, Interest Recognized | 44 | 45 | ||
With a related allowance, Interest Recognized | 21 | 14 | ||
Total, Interest Recognized | 65 | 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] | 1,873 | 1,901 | |
With no related allowance recorded, Unpaid Principal Balance | [2] | 2,235 | 2,246 | |
With a related allowance, Recorded Investment | [1] | 2,253 | 2,216 | |
With a related allowance, Unpaid Principal Balance | [2] | 2,688 | 2,640 | |
Total, Recorded Investment | [1] | 4,126 | 4,117 | |
Total, Unpaid Principal Balance | [2] | 4,923 | 4,886 | |
Related Allowance | 296 | 290 | ||
With no related allowance recorded, Average Investment | 1,888 | 1,947 | ||
With a related allowance, Average Investment | 2,234 | 2,478 | ||
Total, Average Investment | 4,122 | 4,425 | ||
With no related allowance recorded, Interest Recognized | 7 | 7 | ||
With a related allowance, Interest Recognized | 19 | 12 | ||
Total, Interest Recognized | 26 | 19 | ||
Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With no related allowance recorded, Recorded Investment | [1] | 3,825 | 3,862 | |
With no related allowance recorded, Unpaid Principal Balance | [2] | 4,467 | 4,477 | |
With a related allowance, Recorded Investment | [1] | 518 | 533 | |
With a related allowance, Unpaid Principal Balance | [2] | 955 | 958 | |
Total, Recorded Investment | [1] | 4,343 | 4,395 | |
Total, Unpaid Principal Balance | [2] | 5,422 | 5,435 | |
Related Allowance | 64 | 65 | ||
With no related allowance recorded, Average Investment | 3,844 | 5,363 | ||
With a related allowance, Average Investment | 525 | 506 | ||
Total, Average Investment | 4,369 | 5,869 | ||
With no related allowance recorded, Interest Recognized | 37 | 38 | ||
With a related allowance, Interest Recognized | 2 | 2 | ||
Total, Interest Recognized | 39 | 40 | ||
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With no related allowance recorded, Recorded Investment | [1] | 417 | ||
With no related allowance recorded, Unpaid Principal Balance | [2] | 417 | ||
With a related allowance, Recorded Investment | [1] | 5,137 | 4,277 | |
With a related allowance, Unpaid Principal Balance | [2] | 6,401 | 5,537 | |
Total, Recorded Investment | [1] | 5,554 | 4,277 | |
Total, Unpaid Principal Balance | [2] | 6,818 | 5,537 | |
Related Allowance | 694 | 556 | ||
With no related allowance recorded, Average Investment | 208 | |||
With a related allowance, Average Investment | 4,707 | 4,900 | ||
Total, Average Investment | 4,915 | 4,900 | ||
Mortgage Loans on Real Estate [Member] | Agriculture [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With a related allowance, Recorded Investment | [1] | 67 | 68 | |
With a related allowance, Unpaid Principal Balance | [2] | 71 | 71 | |
Total, Recorded Investment | [1] | 67 | 68 | |
Total, Unpaid Principal Balance | [2] | 71 | 71 | |
Related Allowance | 8 | 8 | ||
With a related allowance, Average Investment | 68 | |||
Total, Average Investment | 68 | |||
Commercial Loans [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With no related allowance recorded, Recorded Investment | [1] | 978 | 1,108 | |
With no related allowance recorded, Unpaid Principal Balance | [2] | 978 | 1,108 | |
With a related allowance, Recorded Investment | [1] | 250 | 325 | |
With a related allowance, Unpaid Principal Balance | [2] | 251 | 446 | |
Total, Recorded Investment | [1] | 1,228 | 1,433 | |
Total, Unpaid Principal Balance | [2] | 1,229 | 1,554 | |
Related Allowance | 31 | 39 | ||
With no related allowance recorded, Average Investment | 1,043 | 600 | ||
With a related allowance, Average Investment | 287 | 168 | ||
Total, Average Investment | 1,330 | 768 | ||
With a related allowance, Interest Recognized | 1 | 1 | ||
Total, Interest Recognized | 1 | 1 | ||
Consumer Installment Loans [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
With a related allowance, Recorded Investment | [1] | 4 | 7 | |
With a related allowance, Unpaid Principal Balance | [2] | 4 | 7 | |
Total, Recorded Investment | [1] | 4 | 7 | |
Total, Unpaid Principal Balance | [2] | 4 | 7 | |
Related Allowance | $ 1 | |||
With a related allowance, Average Investment | 5 | 162 | ||
Total, Average Investment | $ 5 | $ 162 | ||
[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 or valuation allowances |
Loans and Related Allowance f40
Loans and Related Allowance for Loan Losses (Reconciliation of impaired loans to nonaccrual loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | |
Loans and Related Allowance for Loan Losses [Abstract] | |||
Nonaccruals | $ 10,090 | $ 9,026 | |
Trouble debt restructure and still accruing | 5,232 | 5,271 | |
Total, Recorded Investment | [1] | $ 15,322 | $ 14,297 |
[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 f41
Loans and Related Allowance for Loan Losses (Age Analysis of Past Due Status of Loans, Excluding PCI Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | $ 964,311 | $ 942,018 |
Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 778,778 | 776,604 |
Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 170,445 | 159,024 |
Consumer Installment Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 13,878 | 5,169 |
All Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 1,210 | 1,221 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 222,717 | 227,542 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 371,494 | 366,331 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 109,534 | 107,814 |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 7,689 | 8,410 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 59,920 | 59,024 |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total Loans | 7,424 | 7,483 |
Loans Excluding PCI Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 10,090 | 9,026 |
Past Due | 12,964 | 10,265 |
Current | 951,347 | 931,753 |
Total Loans | 964,311 | 942,018 |
Loans Excluding PCI Loans [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 2,874 | 1,239 |
Loans Excluding PCI Loans [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 9,072 | 7,805 |
Past Due | 11,839 | 8,984 |
Current | 766,939 | 767,620 |
Total Loans | 778,778 | 776,604 |
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 | 2,767 | 1,179 |
Loans Excluding PCI Loans [Member] | Commercial Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 1,014 | 1,214 |
Past Due | 1,112 | 1,262 |
Current | 169,333 | 157,762 |
Total Loans | 170,445 | 159,024 |
Loans Excluding PCI Loans [Member] | Commercial Loans [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 98 | 48 |
Loans Excluding PCI Loans [Member] | Consumer Installment Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 4 | 7 |
Past Due | 13 | 19 |
Current | 13,865 | 5,150 |
Total Loans | 13,878 | 5,169 |
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 | 9 | 12 |
Loans Excluding PCI Loans [Member] | All Other Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 1,210 | 1,221 |
Total Loans | 1,210 | 1,221 |
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 | 1,985 | 1,962 |
Past Due | 3,060 | 3,018 |
Current | 219,657 | 224,524 |
Total Loans | 222,717 | 227,542 |
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 | 1,075 | 1,056 |
Loans Excluding PCI Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 1,466 | 1,498 |
Past Due | 3,077 | 1,602 |
Current | 368,417 | 364,729 |
Total Loans | 371,494 | 366,331 |
Loans Excluding PCI Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | 1,611 | 104 |
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 | 5,554 | 4,277 |
Past Due | 5,616 | 4,277 |
Current | 103,918 | 103,537 |
Total Loans | 109,534 | 107,814 |
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 | 62 | |
Loans Excluding PCI Loans [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 7,689 | 8,410 |
Total Loans | 7,689 | 8,410 |
Loans Excluding PCI Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Current | 59,920 | 59,024 |
Total Loans | 59,920 | 59,024 |
Loans Excluding PCI Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Nonaccrual | 67 | 68 |
Past Due | 86 | 87 |
Current | 7,338 | 7,396 |
Total Loans | 7,424 | 7,483 |
Loans Excluding PCI Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | 30-89 Days Past Due [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Past Due | $ 19 | $ 19 |
Loans and Related Allowance f42
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, 2018 | Mar. 31, 2017 | |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | $ 8,969 | $ 9,493 |
Provision Allocation | ||
Charge-offs | (84) | (85) |
Recoveries | 83 | 105 |
Allowance for loan losses, End of Period | 8,968 | 9,513 |
Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 7,670 | 7,263 |
Provision Allocation | (88) | (875) |
Charge-offs | (40) | |
Recoveries | 30 | 73 |
Allowance for loan losses, End of Period | 7,612 | 6,421 |
Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 1,139 | 602 |
Provision Allocation | (152) | 712 |
Charge-offs | (39) | |
Recoveries | 14 | 2 |
Allowance for loan losses, End of Period | 962 | 1,316 |
Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 110 | 135 |
Provision Allocation | 8 | 13 |
Charge-offs | (45) | (45) |
Recoveries | 39 | 30 |
Allowance for loan losses, End of Period | 112 | 133 |
All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 3 | 7 |
Provision Allocation | 7 | 8 |
Allowance for loan losses, End of Period | 10 | 15 |
Unallocated [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 47 | 1,486 |
Provision Allocation | 225 | 142 |
Allowance for loan losses, End of Period | 272 | 1,628 |
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 | 3,466 | 2,769 |
Provision Allocation | (366) | 62 |
Charge-offs | (26) | |
Recoveries | 15 | 18 |
Allowance for loan losses, End of Period | 3,115 | 2,823 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 2,423 | 1,952 |
Provision Allocation | 184 | (183) |
Recoveries | 13 | 7 |
Allowance for loan losses, End of Period | 2,620 | 1,776 |
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 | 1,247 | 2,195 |
Provision Allocation | 364 | (635) |
Charge-offs | (14) | |
Recoveries | 1 | 1 |
Allowance for loan losses, End of Period | 1,612 | 1,547 |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 24 | 72 |
Provision Allocation | 9 | (69) |
Recoveries | 1 | 47 |
Allowance for loan losses, End of Period | 34 | 50 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 496 | 260 |
Provision Allocation | (298) | (67) |
Allowance for loan losses, End of Period | 198 | 193 |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Allowance for loan losses, Beginning of Period | 14 | 15 |
Provision Allocation | 19 | 17 |
Allowance for loan losses, End of Period | $ 33 | $ 32 |
Loans and Related Allowance f43
Loans and Related Allowance for Loan Losses (Loans Evaluated for Impairment) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2017 | Dec. 31, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | $ 1,093 | $ 959 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 7,875 | 8,010 | ||
Allowance for Loan Losses | 8,968 | 8,969 | $ 9,513 | $ 9,493 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 15,322 | 14,297 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 948,989 | 927,721 | ||
Total Loans | 964,311 | 942,018 | ||
Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 1,062 | 919 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 6,550 | 6,751 | ||
Allowance for Loan Losses | 7,612 | 7,670 | 6,421 | 7,263 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 14,090 | 12,857 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 764,688 | 763,747 | ||
Total Loans | 778,778 | 776,604 | ||
Commercial Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 31 | 39 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 931 | 1,100 | ||
Allowance for Loan Losses | 962 | 1,139 | 1,316 | 602 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 1,228 | 1,433 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 169,217 | 157,591 | ||
Total Loans | 170,445 | 159,024 | ||
Consumer Installment Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 1 | |||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 112 | 109 | ||
Allowance for Loan Losses | 112 | 110 | 133 | 135 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 4 | 7 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 13,874 | 5,162 | ||
Total Loans | 13,878 | 5,169 | ||
All Other Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 10 | 3 | ||
Allowance for Loan Losses | 10 | 3 | 15 | 7 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 1,210 | 1,221 | ||
Total Loans | 1,210 | 1,221 | ||
Unallocated [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 272 | 47 | ||
Allowance for Loan Losses | 272 | 47 | 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, Individually Evaluated for Impairment | 296 | 290 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 2,819 | 3,176 | ||
Allowance for Loan Losses | 3,115 | 3,466 | 2,823 | 2,769 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 4,126 | 4,117 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 218,591 | 223,425 | ||
Total Loans | 222,717 | 227,542 | ||
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 64 | 65 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 2,556 | 2,358 | ||
Allowance for Loan Losses | 2,620 | 2,423 | 1,776 | 1,952 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 4,343 | 4,396 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 367,151 | 361,935 | ||
Total Loans | 371,494 | 366,331 | ||
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 694 | 556 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 918 | 691 | ||
Allowance for Loan Losses | 1,612 | 1,247 | 1,547 | 2,195 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 5,554 | 4,276 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 103,980 | 103,538 | ||
Total Loans | 109,534 | 107,814 | ||
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 34 | 24 | ||
Allowance for Loan Losses | 34 | 24 | 50 | 72 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 7,689 | 8,410 | ||
Total Loans | 7,689 | 8,410 | ||
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 198 | 496 | ||
Allowance for Loan Losses | 198 | 496 | 193 | 260 |
Recorded Investment in Loans, Collectively Evaluated for Impairment | 59,920 | 59,024 | ||
Total Loans | 59,920 | 59,024 | ||
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Allowance for Loan Losses, Individually Evaluated for Impairment | 8 | 8 | ||
Allowance for Loan Losses, Collectively Evaluated for Impairment | 25 | 6 | ||
Allowance for Loan Losses | 33 | 14 | $ 32 | $ 15 |
Recorded Investment in Loans, Individually Evaluated for Impairment | 67 | 68 | ||
Recorded Investment in Loans, Collectively Evaluated for Impairment | 7,357 | 7,415 | ||
Total Loans | $ 7,424 | $ 7,483 |
Loans and Related Allowance f44
Loans and Related Allowance for Loan Losses (Loans, Excluding PCI Loans, by Credit Quality Indicator) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | $ 964,311 | $ 942,018 |
Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 778,778 | 776,604 |
Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 170,445 | 159,024 |
Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 13,878 | 5,169 |
All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,210 | 1,221 |
Residential 1-4 Family [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 222,717 | 227,542 |
Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 371,494 | 366,331 |
Construction and Land Development [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 109,534 | 107,814 |
Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 7,689 | 8,410 |
Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 59,920 | 59,024 |
Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 7,424 | 7,483 |
Loans Excluding PCI Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 964,311 | 942,018 |
Loans Excluding PCI Loans [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 778,778 | 776,604 |
Loans Excluding PCI Loans [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 170,445 | 159,024 |
Loans Excluding PCI Loans [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 13,878 | 5,169 |
Loans Excluding PCI Loans [Member] | All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,210 | 1,221 |
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 | 222,717 | 227,542 |
Loans Excluding PCI Loans [Member] | Commercial [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 371,494 | 366,331 |
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 | 109,534 | 107,814 |
Loans Excluding PCI Loans [Member] | Second Mortgages [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 7,689 | 8,410 |
Loans Excluding PCI Loans [Member] | Multifamily [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 59,920 | 59,024 |
Loans Excluding PCI Loans [Member] | Agriculture [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 7,424 | 7,483 |
Loans Excluding PCI Loans [Member] | Pass [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 930,542 | 915,181 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 747,990 | 752,219 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 167,659 | 156,604 |
Loans Excluding PCI Loans [Member] | Pass [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 13,683 | 5,137 |
Loans Excluding PCI Loans [Member] | Pass [Member] | All Other Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,210 | 1,221 |
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 | 217,935 | 222,026 |
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 | 354,462 | 355,188 |
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 | 103,810 | 103,356 |
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 | 7,474 | 8,187 |
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 | 57,357 | 56,452 |
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 | 6,952 | 7,010 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 19,526 | 13,573 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 17,597 | 12,377 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,738 | 1,171 |
Loans Excluding PCI Loans [Member] | Special Mention [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 191 | 25 |
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 | 2,753 | 3,442 |
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 | 14,073 | 8,145 |
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 | 170 | 182 |
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 | 215 | 223 |
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 | 386 | 385 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 14,243 | 13,264 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Mortgage Loans on Real Estate [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 13,191 | 12,008 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Commercial Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 1,048 | 1,249 |
Loans Excluding PCI Loans [Member] | Substandard [Member] | Consumer Installment Loans [Member] | ||
Noncancelable Obligations Future Minimum Payments Due [Line Items] | ||
Total loans | 4 | 7 |
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 | 2,029 | 2,074 |
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 | 2,959 | 2,998 |
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 | 5,554 | 4,276 |
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 | 2,563 | 2,572 |
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 | $ 86 | $ 88 |
PCI Loans and Related Allowan45
PCI Loans and Related Allowance for Loan Losses (Narrative) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 | Jan. 30, 2009 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchased credit impaired (PCI) loans | $ 42,215 | $ 44,333 | |
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 | $ 68,200 | $ 71,000 | |
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 Allowan46
PCI Loans and Related Allowance for Loan Losses (Summary of Covered Loans) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Certain Loans Acquired In Transfer Not Accounted For As Debt Securities Carrying Amount Net | $ 42,215 | $ 44,333 |
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 | 42,215 | 44,333 |
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 | 37,980 | 39,805 |
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 | 503 | 547 |
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 | 1,526 | 1,588 |
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 | 1,953 | 2,136 |
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 | 253 | 257 |
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 | $ 42,215 | $ 44,333 |
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 | $ 42,215 | $ 44,333 |
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 | $ 37,980 | $ 39,805 |
Percent of purchased credit impaired loan | 89.97% | 89.79% |
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 | $ 503 | $ 547 |
Percent of purchased credit impaired loan | 1.19% | 1.23% |
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 | $ 1,526 | $ 1,588 |
Percent of purchased credit impaired loan | 3.61% | 3.58% |
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 | $ 1,953 | $ 2,136 |
Percent of purchased credit impaired loan | 4.63% | 4.82% |
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 | $ 253 | $ 257 |
Percent of purchased credit impaired loan | 0.60% | 0.58% |
PCI Loans and Related Allowan47
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, 2018 | Dec. 31, 2017 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Allowance for loan losses, PCI loans | $ 200 | $ 200 |
Recorded investment in loans | 42,215 | 44,333 |
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 | 42,215 | 44,333 |
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 | 37,980 | 39,805 |
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 | 503 | 547 |
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 | 1,526 | 1,588 |
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 | 1,953 | 2,136 |
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 | $ 253 | $ 257 |
PCI Loans and Related Allowan48
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, 2018 | Dec. 31, 2017 | |
PCI Loans and Related Allowance for Loan Losses [Abstract] | ||
Beginning Balance | $ 44,126 | $ 48,355 |
Accretion | (1,397) | (5,729) |
Reclassification from nonaccretable yield | 1,500 | |
Reclassification to nonaccretable yield | (113) | |
Ending Balance | $ 42,616 | $ 44,126 |
Other Real Estate Owned (Schedu
Other Real Estate Owned (Schedule of Other Real Estate Owned) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
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 | $ 417,000,000 | |
Mortgage Loans on Real Estate [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | 3,166 | $ 2,791 |
Mortgage Loans on Real Estate [Member] | Residential 1-4 Family [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | 882 | 486 |
Mortgage Loans on Real Estate [Member] | Commercial [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | 15 | 15 |
Mortgage Loans on Real Estate [Member] | Construction and Land Development [Member] | ||
Mortgage Loans on Real Estate [Line Items] | ||
Other real estate owned | $ 2,269 | $ 2,290 |
Deposits (Summary of Interest B
Deposits (Summary of Interest Bearing Deposits) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Deposits [Abstract] | ||
NOW | $ 154,236 | $ 157,037 |
MMDA | 148,404 | 143,363 |
Savings | 93,724 | 93,980 |
Time deposits less than or equal to $250,000 | 435,481 | 437,810 |
Time deposits over $250,000 | 114,438 | 110,546 |
Total interest bearing deposits | $ 946,283 | $ 942,736 |
Accumulated Other Comprehensi51
Accumulated Other Comprehensive Income (Summary of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | $ 43 | $ (1,223) |
Other comprehensive income before reclassifications | (1,794) | 562 |
Amounts reclassified from AOCI | (23) | (63) |
Net current period other comprehensive income (loss) | (1,817) | 499 |
Ending balance | (1,774) | (724) |
Unrealized (Gain) Loss on Securities [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | 954 | (410) |
Other comprehensive income before reclassifications | (1,940) | 508 |
Amounts reclassified from AOCI | (23) | (63) |
Net current period other comprehensive income (loss) | (1,963) | 445 |
Ending balance | (1,009) | 35 |
Defined Benefit Pension Plan [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | (1,048) | (767) |
Ending balance | (1,048) | (767) |
Gain (Loss) on Cash Flow Hedges [Member] | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | ||
Beginning balance | 137 | (46) |
Other comprehensive income before reclassifications | 146 | 54 |
Net current period other comprehensive income (loss) | 146 | 54 |
Ending balance | $ 283 | $ 8 |
Accumulated Other Comprehensi52
Accumulated Other Comprehensive Income (Effects of Reclassifications Out of AOCI) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Gain on securities transactions, net | $ (30) | $ (95) |
Income tax expense | 540 | 1,076 |
Total amount recognized | 23 | 63 |
Unrealized (Gain) Loss on Securities [Member] | ||
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ||
Total amount recognized | 23 | 63 |
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 | (30) | (95) |
Income tax expense | 7 | 32 |
Total amount recognized | $ (23) | $ (63) |
Fair Values of Assets and Lia53
Fair Values of Assets and Liabilities (Narrative) (Details) | 3 Months Ended |
Mar. 31, 2018USD ($) | |
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 Lia54
Fair Values of Assets and Liabilities (Assets and Liabilities Recorded at Fair Value on Recurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | $ 202,165 | $ 204,834 |
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 | 37,601 | 40,256 |
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 | 9,227 | 9,278 |
State, County and Municipal [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 123,574 | 125,760 |
Corporate and Other Bonds [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 7,814 | 7,460 |
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 | 5,272 | 5,442 |
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 | 18,677 | 16,638 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total investment securities available for sale | 202,165 | 204,834 |
Cash flow hedge | 363 | 177 |
Total assets at fair value | 202,528 | 205,011 |
Total liabilities at fair value | ||
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 | 2,514 | 332 |
Total assets at fair value | 2,514 | 332 |
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 | 199,651 | 204,502 |
Cash flow hedge | 363 | 177 |
Total assets at fair value | 200,014 | 204,679 |
Total liabilities at fair value | ||
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 | 37,601 | 40,256 |
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 | 37,601 | 40,256 |
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 | 9,227 | 9,278 |
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 | 9,227 | 9,278 |
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 | 123,574 | 125,760 |
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 | 1,468 | 332 |
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 | 122,106 | 125,428 |
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 | 7,814 | 7,460 |
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 | 7,814 | 7,460 |
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 | 5,272 | 5,442 |
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 | 5,272 | 5,442 |
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 | 18,677 | 16,638 |
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 | 1,046 | |
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 | $ 17,631 | $ 16,638 |
Fair Values of Assets and Lia55
Fair Values of Assets and Liabilities (Assets and Liabilities Measured at Fair Value on Nonrecurring Basis) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Bank premises and equipment held for sale | $ 525 | |
Other real estate owned | 3,166 | $ 2,791 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 8,983 | 7,915 |
Bank premises and equipment held for sale | 525 | |
Other real estate owned | 3,166 | 2,791 |
Total assets at fair value | 12,674 | 10,706 |
Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 1,716 | 1,306 |
Other real estate owned | 1,183 | 1,203 |
Total assets at fair value | 2,899 | 2,509 |
Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Impaired loans | 7,267 | 6,609 |
Bank premises and equipment held for sale | 525 | |
Other real estate owned | 1,983 | 1,588 |
Total assets at fair value | $ 9,775 | $ 8,197 |
Fair Values of Assets and Lia56
Fair Values of Assets and Liabilities (Summary of Fair Value of Financial Instruments) (Details) - USD ($) $ in Thousands | Mar. 31, 2018 | Dec. 31, 2017 |
Carrying Value [Member] | ||
Financial assets: | ||
Securities held to maturity | $ 44,534 | $ 46,146 |
Loans, net of allowance | 955,343 | 933,049 |
PCI loans, net of allowance | 42,015 | 44,133 |
Financial liabilities: | ||
Interest bearing deposits | 946,283 | 942,736 |
Long-term borrowings | 105,185 | 105,553 |
Estimated Fair Value [Member] | ||
Financial assets: | ||
Securities held to maturity | 44,578 | 46,888 |
Loans, net of allowance | 961,245 | 933,938 |
PCI loans, net of allowance | 46,345 | 48,655 |
Financial liabilities: | ||
Interest bearing deposits | 945,267 | 943,037 |
Long-term borrowings | 104,859 | 105,363 |
Level 1 [Member] | Estimated Fair Value [Member] | ||
Financial assets: | ||
Securities held to maturity | ||
Loans, net of allowance | ||
PCI loans, net of allowance | ||
Financial liabilities: | ||
Interest bearing deposits | ||
Long-term borrowings | ||
Level 2 [Member] | Estimated Fair Value [Member] | ||
Financial assets: | ||
Securities held to maturity | 44,578 | 46,888 |
Loans, net of allowance | 927,329 | |
PCI loans, net of allowance | ||
Financial liabilities: | ||
Interest bearing deposits | 945,267 | 943,037 |
Long-term borrowings | 104,859 | 105,363 |
Level 3 [Member] | Estimated Fair Value [Member] | ||
Financial assets: | ||
Securities held to maturity | ||
Loans, net of allowance | 961,245 | 6,609 |
PCI loans, net of allowance | 46,345 | 48,655 |
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, 2018 | Mar. 31, 2017 | |
Earnings Per Common Share [Abstract] | ||
Anti-dilutive common shares | 279,000 | 0 |
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, 2018 | Mar. 31, 2017 | |
Earnings Per Common Share [Abstract] | ||
Basic EPS, Net Income Available to Common Shareholders (Numerator) | $ 2,594 | $ 2,493 |
Effect of dilutive stock awards, Net Income Available to Common Shareholders (Numerator) | ||
Diluted EPS, Net Income Available to Common Shareholders (Numerator) | $ 2,594 | $ 2,493 |
Basic EPS , Weighted Average Common Shares (Denominator) | 22,076 | 21,962 |
Effect of dilutive stock awards, Weighted Average Common Shares (Denominator) | 445 | 471 |
Diluted EPS, Weighted Average Common Shares (Denominator) | 22,521 | 22,433 |
Basic EPS, Per Common Share Amount | $ 0.12 | $ 0.11 |
Effect of dilutive stock awards, Per Common Share Amount | ||
Diluted EPS, Per Common Share Amount | $ 0.12 | $ 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, 2018 | Mar. 31, 2017 | |
Employee Benefit Plan [Abstract] | ||
Interest cost | $ 39 | $ 39 |
Expected return on plan assets | (59) | (70) |
Amortization of prior service cost | 1 | 1 |
Recognized net actuarial loss | 15 | 12 |
Net periodic benefit cost | $ (4) | $ (18) |
Cash Flow Hedge (Narrative) (De
Cash Flow Hedge (Narrative) (Details) - Interest Rate Swap [Member] - Cash Flow Hedging [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2018 | Dec. 31, 2017 | Nov. 07, 2014 | |
Derivative notional amount | $ 30,000 | ||
Derivative interest rate | 1.69% | ||
Derivative term | 5 years | ||
Cash pledged as collateral | $ 0 | $ 390 | |
Unrealized Gain (Loss) on Cash Flow Hedging Instruments | $ 363 | $ 177 |
Revenue Recognition (Details)
Revenue Recognition (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2018 | Mar. 31, 2017 | |
Disaggregation of Revenue [Line Items] | ||
Service charges on deposit accounts | $ 581 | $ 525 |
Total noninterest income | 1,082 | 1,035 |
In Scope Of Topic 606 [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Service charges on deposit accounts | 391 | 370 |
Interchange fees | 190 | 155 |
Brokerage fees and commissions | 61 | 80 |
Total noninterest income | 642 | 605 |
Out Of Scope Of Topic 606 [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Total noninterest income | $ 440 | $ 430 |
Branch Closing (Details)
Branch Closing (Details) $ in Thousands | Mar. 31, 2018USD ($) |
Assets Held-for-sale, Not Part of Disposal Group | $ 525 |
Branch Sale [Member] | Pinnacle Bank [Member] | |
Assets Held-for-sale, Not Part of Disposal Group | $ 525 |