SBT Bancorp (SBTB) 10-Q 14 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 31, 2016
Document Information [Line Items]
Entity Registrant Name	SBT Bancorp, Inc.
Entity Central Index Key	1,354,174
Trading Symbol	sbtb
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		1,360,721
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 12,994,000	$ 8,933,000
Interest-bearing deposits with the Federal Reserve Bank and Federal Home Loan Bank	6,418,000	19,795,000
Money market mutual funds	45,000	13,000
Federal funds sold	100,000	149,000
Cash and cash equivalents	19,557,000	28,890,000
Certificates of deposit	1,500,000	1,250,000
Investments in available-for-sale securities, at fair value	63,611,000	71,517,000
Federal Home Loan Bank stock, at cost	1,977,000	2,047,000
Loans held-for-sale	8,238,000	2,167,000
Loans	396,280,000	326,723,000
Less: allowance for loan losses	3,631,000	3,028,000
Loans, net	392,649,000	323,695,000
Premises and equipment, net	1,988,000	1,420,000
Accrued interest receivable	1,232,000	1,143,000
Bank owned life insurance	9,066,000	7,389,000
Other assets	5,120,000	5,262,000
Total assets	504,938,000	444,780,000
Deposits:
Demand deposits	128,000,000	135,580,000
Savings and NOW deposits	239,557,000	179,775,000
Time deposits	65,108,000	57,287,000
Total deposits	432,665,000	372,642,000
Securities sold under agreements to repurchase	3,193,000	1,915,000
Federal Home Loan Bank advances	29,000,000	31,500,000
Long-term subordinated debt	7,245,000	7,230,000
Other liabilities	1,854,000	1,751,000
Total liabilities	473,957,000	415,038,000
Stockholders' equity:
Common stock, no par value; authorized 2,000,000 shares; issued and outstanding 1,361,135 shares and 1,360,721 shares, respectively, at September 30, 2016 and 1,360,591 shares and 1,360,177 shares, respectively, at December 31, 2015	18,887,000	18,856,000
Retained earnings	11,609,000	11,288,000
Treasury stock, 414 shares	(7,000)	(7,000)
Unearned compensation-restricted stock awards	(95,000)	(206,000)
Accumulated other comprehensive income (loss)	587,000	(189,000)
Total stockholders' equity	30,981,000	29,742,000
Total liabilities and stockholders' equity	$ 504,938,000	$ 444,780,000

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	2,000,000	2,000,000
Common stock, shares issued (in shares)	1,361,135	1,360,591
Common stock, shares outstanding (in shares)	1,360,721	1,360,177
Treasury stock, shares (in shares)	414	414

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest and dividend income:
Interest and fees on loans	$ 3,433,000	$ 2,748,000	$ 9,814,000	$ 8,057,000
Investment securities	359,000	393,000	1,130,000	1,235,000
Interest-bearing deposits	26,000	14,000	65,000	26,000
Total interest and dividend income	3,818,000	3,155,000	11,009,000	9,318,000
Interest expense:
Interest on deposits	271,000	192,000	619,000	566,000
Interest on securities sold under agreements to repurchase	2,000	1,000	5,000	3,000
Interest on long-term subordinated debt	137,000	0	379,000	0
Interest on Federal Home Loan Bank advances	36,000	8,000	134,000	35,000
Total interest expense	446,000	201,000	1,137,000	604,000
Net interest and dividend income	3,372,000	2,954,000	9,872,000	8,714,000
Provision for loan losses	305,000	65,000	606,000	145,000
Net interest and dividend income after provision for loan losses	3,067,000	2,889,000	9,266,000	8,569,000
Noninterest income (loss):
Service charges on deposit accounts	98,000	98,000	278,000	303,000
Gain on sales of available-for-sale securities,net	23,000	26,000	93,000	93,000
Other service charges and fees	293,000	208,000	733,000	561,000
Increase in cash surrender value of life insurance policies	64,000	51,000	177,000	154,000
Mortgage loan servicing activities,net	41,000	48,000	(316,000)	(8,000)
Gain on sale of mortgages	607,000	422,000	1,214,000	971,000
Investment services fees and commissions	53,000	48,000	133,000	159,000
Other income	11,000	20,000	41,000	44,000
Total noninterest income	1,190,000	921,000	2,353,000	2,277,000
Noninterest expense:
Salaries and employee benefits	1,949,000	1,779,000	5,700,000	5,062,000
Occupancy expense	387,000	340,000	1,147,000	1,046,000
Equipment expense	111,000	104,000	317,000	306,000
Advertising and promotions	213,000	109,000	508,000	365,000
Forms and supplies	86,000	48,000	160,000	125,000
Professional fees	142,000	196,000	345,000	448,000
Directors’ fees	53,000	66,000	160,000	180,000
Correspondent charges	83,000	67,000	228,000	187,000
FDIC assessment	70,000	78,000	223,000	234,000
Data processing	219,000	198,000	628,000	531,000
Internet banking costs	75,000	52,000	221,000	157,000
Other expenses	338,000	345,000	1,001,000	975,000
Total noninterest expense	3,726,000	3,382,000	10,638,000	9,616,000
Income before income taxes	531,000	428,000	981,000	1,230,000
Income tax provision	100,000	75,000	93,000	185,000
Net income	431,000	353,000	888,000	1,045,000
Net income available to common stockholders	$ 431,000	$ 327,000	$ 888,000	$ 959,000
Weighted average shares outstanding, basic (in shares)	1,352,263	890,190	1,350,725	889,473
Earnings per common share, basic (in dollars per share)	$ 0.32	$ 0.37	$ 0.66	$ 1.08
Weighted average shares outstanding, assuming dilution (in shares)	1,354,362	894,380	1,352,887	892,004
Earnings per common share, assuming dilution (in dollars per share)	$ 0.32	$ 0.37	$ 0.66	$ 1.08
Dividends declared per common share (in dollars per share)	$ 0.14	$ 0.14	$ 0.42	$ 0.42

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net income		$ 431,000	$ 353,000	$ 888,000	$ 1,045,000
Other comprehensive (loss) income net of tax:
Net change in unrealized holding gain/loss on securities available-for-sale		(186,000)	672,000	1,270,000	381,000
Reclassification adjustment for realized gains in net income	[1]	(23,000)	(26,000)	(93,000)	(93,000)
Other comprehensive (loss) income, before tax		(209,000)	646,000	1,177,000	288,000
Income tax benefit (expense)		72,000	(220,000)	(401,000)	(98,000)
Other comprehensive (loss) income, net of tax		(137,000)	426,000	776,000	190,000
Comprehensive income		$ 294,000	$ 779,000	$ 1,664,000	$ 1,235,000
[1]	Reclassification adjustments are comprised of realized security gains and losses. The gains and losses have been reclassified out of accumulated other comprehensive income and have affected certain lines in the consolidated statements of income as follows: the pre-tax amount is included in gain on sales of available-for-sale securities, net, the tax expense amount is included in income tax provision and the after tax amount is included in net income.

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]Series C Preferred Stock [Member]	Common Stock [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Unallocated Employee Stock Ownership Plan [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2014	$ 8,988,000	$ 10,127,000	$ 10,549,000	$ (7,000)	$ (207,000)	$ 22,000	$ 29,472,000
Net income			1,045,000				1,045,000
Other comprehensive income (loss), net of tax						190,000	190,000
Preferred stock dividends-SBLF			(77,000)				(77,000)
Preferred stock amortization (accretion)	9,000		(9,000)
Stock-based compensation					130,000		130,000
Restricted stock awards		177,000			(177,000)
Common stock issued		29,000					29,000
Dividends declared on common stock ($.42 per share)			(374,000)				(374,000)
Balance at Sep. 30, 2015	$ 8,997,000	10,333,000	11,134,000	(7,000)	(254,000)	212,000	30,415,000
Other comprehensive income, net of tax						190,000	190,000
Balance at Dec. 31, 2015		18,856,000	11,288,000	(7,000)	(206,000)	(189,000)	29,742,000
Net income			888,000				888,000
Other comprehensive income (loss), net of tax						776,000	776,000
Stock-based compensation		14,000			99,000		113,000
Common stock issued		29,000					29,000
Dividends declared on common stock ($.42 per share)			(567,000)				(567,000)
Balance at Sep. 30, 2016		18,887,000	$ 11,609,000	$ (7,000)	(95,000)	587,000	30,981,000
Other comprehensive income, net of tax						$ 776,000	$ 776,000
Forfeited restricted stock awards		$ (12,000)			$ 12,000

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Common Stock [Member]
Dividends declared, common stock (in dollars per share)	$ 0.42	$ 0.42
Dividends declared, common stock (in dollars per share)	$ 0.42	$ 0.42

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net income	$ 888,000	$ 1,045,000
Adjustments to reconcile net income to net cash used in operating activities:
Amortization of securities, net	279,000	307,000
Gain on available-for-sale securities, net of writedowns	(93,000)	(93,000)
Change in deferred origination costs, net	(107,000)	(73,000)
Provision for loan losses	606,000	145,000
Loans originated for sale	(73,391,000)	(63,269,000)
Proceeds from sales of loans originated for sale	68,534,000	62,625,000
Gain on sales of loans	(1,214,000)	(874,000)
Gain on sale of other real estate owned	0	(9,000)
Depreciation and amortization	284,000	218,000
Accretion on impairment of operating lease	0	(26,000)
Amortization of long-term subordinated debt issuance costs	22,000	0
Increase in other assets	(358,000)	(352,000)
(Increase) decrease in interest receivable	(89,000)	50,000
Decrease in taxes receivable	107,000	48,000
Increase in cash surrender value of bank owned life insurance	(177,000)	(154,000)
Stock-based compensation	113,000	130,000
Loss on disposal of fixed assets	11,000
Increase (decrease) in other liabilities	159,000	(208,000)
(Decrease) increase in interest payable	(56,000)	69,000
Net cash used in operating activities	(4,482,000)	(421,000)
Cash flows from investing activities:
Purchases of certificates of deposit	(250,000)	0
Purchases of available-for-sale securities	(6,103,000)	(319,000)
Proceeds from maturities of available-for-sale securities	13,009,000	10,767,000
Proceeds from sales of available-for-sale securities	1,991,000	1,614,000
Purchases of Federal Home Loan Bank stock	(1,772,000)	(1,273,000)
Redemption of Federal Home Loan Bank stock	1,842,000
Loan originations and principal collections, net	(32,580,000)	(12,765,000)
Loans purchased	(36,880,000)	(8,361,000)
Recoveries of loans previously charged off	7,000	9,000
Proceeds from sale of other real estate owned	0	114,000
Purchase of bank owned life insurance	(1,500,000)	0
Capital expenditures	(871,000)	(148,000)
Net cash used in investing activities	(63,107,000)	(10,362,000)
Cash flows from financing activities:
Net increase in demand deposits, NOW and savings accounts	52,202,000	21,856,000
Net increase (decrease) in time deposits	7,821,000	(3,115,000)
Net increase (decrease) in securities sold under agreements to repurchase	1,278,000	(1,199,000)
Net change in short-term Federal Home Loan Bank advances	(2,500,000)	(12,000,000)
Proceeds from issuance of common stock	29,000	29,000
Increase in subordinated debt issuance fees	(7,000)	0
Dividends paid - preferred stock	0	(77,000)
Dividends paid - common stock	(567,000)	(373,000)
Net cash provided by financing activities	58,256,000	5,121,000
Net decrease in cash and cash equivalents	(9,333,000)	(5,662,000)
Cash and cash equivalents at beginning of period	28,890,000	19,820,000
Cash and cash equivalents at end of period	19,557,000	14,158,000
Supplemental disclosures:
Interest paid	1,193,000	535,000
Income taxes paid	$ 200,000	$ 137,000

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Nature of Operations [Text Block]	NOTE 1 – BASIS OF PRESENTATION The accompanying unaudited condensed consoli dated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial statements and the instructions to Form 10-Q and, accordingly, do not include all of the information and footnotes required by generally accepted accounting principles (GAAP) for complete financial statements. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all necessary adjustments, consisting of only normal recurring accruals, to present fairly the financial position, results of operations, cash flows and changes in stockholders’ equity of SBT Bancorp, Inc. (the “Company”) for the periods presented. The Company’s only business is its investment in The Simsbury Bank & Trust Company, Inc. (the “Bank”), which is a community-oriented financial institution providing a variety of banking and investment services. In preparing the interim financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the consolidated balance sheets and revenues and expenses for the periods presented. Actual results could differ significantly from those estimates. The interim results of operations are not necessarily indicative of the results to be expected for the full year ending December 31, 2016. Material estimates that are particularly susceptible to significant change in the near-term include the determination of the allowance for loan losses, valuation and potential other-than-temporary impairment (“OTTI”) of available-for-sale securities and the valuation of deferred tax assets. While management believes that the disclosures presented are adequate so as to not make the information misleading, it is suggested that these condensed consolidated financial statements be read in conjunction with the financial statements and notes included in the Company’s Form 10-K for the year ended December 31, 2015.

Note 2 - Stock-based Compensati

Note 2 - Stock-based Compensation	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 2 – STOCK-BASED COMPENSATION At September 30, 2016, the Company maintained a stock-based employee compensation plan. The Company recognizes the cost resulting from all share-based payment transactions in the consolidated financial statements and establishes fair value as the measurement objective in accounting for share-based payment arrangements. During the nine months ended September 30, 2016, the Company recognized $113 thousand in stock-based employee compensation expense. During the nine months ended September 30, 2015, the Company recognized $130 thousand in stock-based employee compensation expense.

Note 3 - Recent Accounting Pron

Note 3 - Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS In April 2015, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented on the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs is not affected by the amendments in this ASU. The standard is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted. The guidance should be applied on a retrospective basis. The Company early adopted this ASU for the year ended December 31, 2015 in relation to its debt issuance costs. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” This ASU will require entities to present separately in other comprehensive income that portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. It will also require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, thus eliminating eligibility for the current available-for-sale category. The ASU will take effect for public companies for fiscal years beginning after December 15, 2017. The Company is currently reviewing this ASU to determine if it will have an impact on its consolidated financial statements. In February 2016, the FASB issued A SU 2016-02, “Leases (Topic 842).” ASU 2016-02 amends the existing accounting standards for lease accounting, including requiring lessees to recognize most leases on their balance sheets and making targeted changes to lessor accounting. The new guidance will be effective for public entities for annual periods beginning after December 15, 2018 and interim periods therein. Early adoption of ASU 2016-02 as of its issuance is permitted. The new leases standard requires a modified retrospective transition approach for all leases existing at, or entered into after, the date of initial application, with an option to use certain transition relief. The Company is currently reviewing this ASU to determine the impact on its consolidated financial statements . In March 2016, the FASB issued ASU 2016-09, “ Compensation- Stock Compensation (Topic 718): Improvements to Employee Share-based Payment Accounting . ” The ASU simplifies several aspects of the accounting for share-based payment award transactions, including: (a) income tax consequences; (b) classification of awards as either equity or liabilities; and (c) classification on the statement of cash flows. The new guidance will be effective for public companies for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company is currently reviewing this ASU to determine if it will have an impact on its consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . ” ASU 2016-13 significantly changes the way impairment of financial instruments is recognized by requiring immediate recognition of estimated credit losses expected to occur over the remaining life of financial instruments. The main provisions of ASU 2016-13 include (1) replacing the “incurred loss” approach under current GAAP with an “expected loss” model for instruments measured at amortized cost, (2) requiring entities to record an allowance for available-for-sale debt securities rather than reduce the carrying amount of the investments, as is required by the other-than-temporary-impairment model under current GAAP, and (3) a simplified accounting model for purchased credit-impaired debt securities and loans. ASU 2016-13 is effective for interim and annual reporting periods beginning after December 15, 2019, although early adoption is permitted. The Company is currently assessing the impact of adoption of ASU 2016-13. In August 2016, the FASB issued ASU 2016-15, “Classification of Certain Cash Receipts and Cash Payments." Current GAAP is unclear or does not include specific guidance on how to classify certain transactions in the statement of cash flows. This ASU is intended to reduce diversity in practice in how eight particular transactions are classified in the statement of cash flows. ASU 2016-15 is effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, provided that all of the amendments are adopted in the same period. Entities will be required to apply the guidance retrospectively. If it is impracticable to apply the guidance retrospectively for an issue, the amendments related to that issue would be applied prospectively. As this guidance only affects the classification within the statement of cash flows, ASU 2016-15 is not expected to have a material impact on the Company's Consolidated Financial Statements.

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 4 – FAIR VALUE MEASUREMENTS Accounting Standards Codification ( ASC) 820-10, “Fair Value Measurement - Overall,” provides a framework for measuring fair value under generally accepted accounting principles. In accordance with ASC 820-10, the Company groups its financial assets and financial liabilities measured 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. Level 1 - Valuations for assets and liabilities traded in active exchange markets, such as th e New York Stock Exchange. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 - Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third party pricing services for identical or comparable assets or liabilities. Level 3 - Valuations for assets and liabilities that are derived from other methodologies, including option pricing models, discounted cash flow models and similar techniques, are not based on market exchange, dealer, or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets and liabilities. A financial instrument ’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company did not have any significant transfers of assets between Level 1 and Level 2 of the fair value hierarchy during the nine months ended September 30, 2016. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Company ’s financial assets and financial liabilities carried at fair value for September 30, 2016 and December 31, 2015. The Company ’s investments in obligations of states and municipalities, mortgage-backed securities and other debt securities available-for-sale are generally classified within Level 2 of the fair value hierarchy. For these securities, we obtain fair value measurements from independent pricing services. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. treasury yield curve, trading levels, market consensus prepayment speeds, credit information, and the instrument’s terms and conditions. Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions . Valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence. In the absence of such evidence, management’s best estimate is used. Subsequent to inception, management only changes Level 3 inputs and assumptions when corroborated by evidence such as transactions in similar instruments, completed or pending third-party transactions in the underlying investment or comparable entities, subsequent rounds of financing, recapitalization and other transactions across the capital structure, offerings in the equity or debt markets, and changes in financial ratios or cash flows. The Company ’s impaired loans are reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. Collateral values are estimated using Level 2 inputs based upon appraisals of similar properties obtained from a third party. For Level 3 inputs, fair values are based on management estimates. Mortgage servicing rights do not trade in an active market with readily observable market data. As a result, the Company estimates the fair value of mortgage servicing rights using a present value cash flow model. Assumptions used in the valuation model are the anticipated rate of the loan prepayments and discount rates. Adjustments are only recorded when the discounted cash flows derived from the valuation model are less than the carrying value of the asset. Although some assumptions in determining fair value are based on standards used by market participants, some are based on unobservable inputs and therefore are classified in Level 3 of the valuation hierarchy. Other real estate owned values are estimated using Level 2 inputs based upon appraisals of similar properties obtained from a third party. For Level 3 inputs, fair values are based on management estimates. The following summarizes assets measured at fair value at September 30, 2016 and December 31, 2015. A ssets Measured at Fair Value on a Recurring Basis Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) September 30, 2016: Debt securities issued by U.S. government corporationsand agencies $ 4,775 $ - $ 4,775 $ - Obligations of states and municipalities 14,904 - 14,904 - Mortgage-backed securities 42,900 - 42,900 - SBA loan pools 1,032 - 1,032 - Totals $ 63,611 $ - $ 63,611 $ - December 31, 2015: Debt securities issued by U.S. government corporations and agencies 10,463 - 10,463 - Obligations of states and municipalities 14,669 - 14,669 - Mortgage-backed securities 45,281 - 45,281 - SBA loan pools 1,104 - 1,104 - Totals $ 71,517 $ - $ 71,517 $ - Assets Measured at Fair Value on a Nonrecurring Basis Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) September 30, 2016: Impaired loans $ 240 $ - $ - $ 240 $ 240 $ - $ - $ 240 Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) December 31, 2015: Impaired loans $ 240 $ - $ - $ 240 $ 240 $ - $ - $ 240 The estimated fair values of the Company ’s financial instruments, all of which are held or issued for purposes other than trading, were as follows as of September 30, 2016 and December 31, 2015: September 30, 2016 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 19,557 $ 19,557 $ - $ - $ 19,557 Certificates of deposit 1,500 1,500 - - 1,500 Available-for-sale securities 63,611 - 63,611 - 63,611 Federal Home Loan Bank stock 1,977 1,977 - - 1,977 Loans held-for-sale 8,238 - - 8,238 8,238 Loans, net 392,649 - - 392,879 392,879 Mortgage servicing rights 1,998 - - 2,296 2,296 Accrued interest receivable 1,232 1,232 - - 1,232 Bank owned life insurance 9,066 - 9,066 - 9,066 Financial liabilities: Deposits 432,665 - 432,052 - 432,052 Securities sold under agreements to repurchase 3,193 - 3,193 - 3,193 Federal Home Loan Bank advances 29,000 - 29,000 - 29,000 Long-term subordinated debt 7,245 - 7,628 - 7,628 December 31, 2015 Carrying Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 28,890 $ 28,890 $ - $ - $ 28,890 Certificates of deposit 1,250 1,250 - - 1,250 Available-for-sale securities 71,517 - 71,517 - 71,517 Federal Home Loan Bank stock 2,047 2,047 - - 2,047 Loans held-for-sale 2,167 - - 2,187 2,187 Mortgage servicing rights 2,039 - - 2,695 2,695 Loans, net 323,695 - - 322,596 322,596 Accrued interest receivable 1,143 1,143 - - 1,143 Bank owned life insurance 7,389 - 7,389 - 7,389 Financial liabilities: Deposits 372,642 - 363,752 - 363,752 Securities sold under agreements to repurchase 1,915 - 1,915 - 1,915 Federal Home Loan Bank advances 31,500 - 31,500 - 31,500 Long-term subordinated debt 7,230 - 7,339 - 7,339

Note 5 - Earnings Per Common Sh

Note 5 - Earnings Per Common Share	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	NO TE 5 – EARNINGS PER COMMON SHARE Basic earnings per common share ( “EPS”) excludes dilution and is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. The following information was used in the computation of EPS on both a basic and diluted basis for the three and nine months ended September 30, 2016 and 2015: For the three months ended 9/30/16 9/30/15 (In Thousands, Except Share and Per Share Data) Basic earnings per share computation: Net income $ 431 $ 353 Preferred stock net accretion - (3 ) Cumulative preferred stock dividends - (23 ) Net income available to common stockholders $ 431 $ 327 Weighted average shares outstanding, basic 1,352,263 890,190 Basic earnings per share $ 0.32 $ 0.37 Diluted earnings per share computation: Net income $ 431 $ 353 Preferred stock net accretion - (3 ) Cumulative preferred stock dividends - (23 ) Net income available to common stockholders $ 431 $ 327 Weighted average shares outstanding, before dilution 1,352,263 890,190 Dilutive potential shares 2,099 4,190 Weighted average shares outstanding, assuming dilution 1,354,362 894,380 Diluted earnings per share $ 0.32 $ 0.37 For the nine months ended 9/30/16 9/30/15 (In Thousands, Except Share and Per Share Data) Basic earnings per share computation: Net income $ 888 $ 1,045 Preferred stock net accretion - (9 ) Cumulative preferred stock dividends - (77 ) Net income available to common shareholders $ 888 $ 959 Weighted average shares outstanding, basic 1,350,725 889,473 Basic earnings per share $ 0.66 $ 1.08 Diluted earnings per share computation: Net income $ 888 $ 1,045 Preferred stock net accretion - (9 ) Cumulative preferred stock dividends - (77 ) Net income available to common shareholders $ 888 $ 959 Weighted average shares outstanding, before dilution 1,350,725 889,473 Dilutive potential shares 2,162 2,531 Weighted average shares outstanding, assuming dilution 1,352,887 892,004 Diluted earnings per share $ 0.66 $ 1.08

Note 6 - Investment Securities

Note 6 - Investment Securities	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 6 – INVESTMENT SECURITIES The following table s summarize the amounts and distribution of the Company’s investment securities held as of September 30, 2016 and December 31, 2015: INVESTMENT PORTFOLIO (Dollars In Thousands) September 30, 2016 Amortized Unrealized Unrealized Fair Cost Gains Losses Value Yield AVAILABLE-FOR-SALE SECURITIES Debt securities issued by U.S. government corporations and agencies Due within one year $ 1,000 $ 3 - 1,003 1.00 % Due after one to five years 3,750 22 - 3,772 1.21 % Total U.S. government corporations and agencies 4,750 25 - 4,775 1.17 % Obligations of states and municipalities Due within one year 510 14 - 524 4.15 % Due after one to five years 1,953 56 - 2,009 3.61 % Due after five to ten years 4,025 109 - 4,134 2.67 % Due after ten to fifteen years 7,205 271 - 7,476 2.75 % Due beyond fifteen years 731 30 - 761 3.14 % Total obligations of states and municipalities 14,424 480 - 14,904 2.91 % Mortgage-backed securities Due after one to five years 594 11 2 603 2.63 % Due after five to ten years 2,090 37 - 2,127 1.92 % Due after ten to fifteen years 23,306 195 4 23,497 1.71 % Due beyond fifteen years 16,553 158 38 16,673 2.04 % Total mortgage-backed securities 42,543 401 44 42,900 1.86 % SBA loan pools Due after five to ten years 1,004 28 - 1,032 3.10 % Total SBA loan pools 1,004 28 - 1,032 3.10 % Total available-for-sale securities $ 62,721 $ 934 $ 44 $ 63,611 2.34 % INVESTMENT PORTFOLIO (Dollars In Thousands) December 31,2015 Amortized Unrealized Unrealized Fair Cost Gains Losses Value Yield AVAILABLE-FOR-SALE SECURITIES Debt securities issued by U.S. government corporations and agencies Due after one to five years $ 10,499 $ 6 $ 42 $ 10,463 1.33 % Total obligations of states and municipalities 10,499 6 42 10,463 1.33 % Obligations of states and municipalities Due within one year 375 4 - 379 3.95 % Due after one to five years 7,780 305 20 8,065 2.70 % Due after five to ten years 4,580 121 8 4,693 3.08 % Due after ten to fifteen years 1,025 9 8 1,026 2.51 % Due beyond fifteen years 498 8 - 506 3.25 % Total obligations of states and municipalities 14,258 447 36 14,669 2.86 % Mortgage-backed securities Due after one to five years 733 12 - 745 2.43 % Due after five to ten years 1,997 19 7 2,009 2.13 % Due after ten to fifteen years 25,144 16 393 24,767 1.80 % Due beyond fifteen years 18,084 18 342 17,760 2.20 % Total mortgage-backed securities 45,958 65 742 45,281 1.98 % SBA loan pools Due after five to ten years 1,089 23 8 1,104 3.19 % Total SBA loan pools 1,089 23 8 1,104 3.19 % Total available-for-sale securities $ 71,804 $ 541 $ 828 $ 71,517 2.36 % T he aggregate fair value and unrealized losses of securities that have been in a continuous unrealized loss position for less than twelve months and for twelve months or more, and are not other than temporarily impaired, were as follows: Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) September 30, 2016: Mortgage-backed securities $ - $ - $ 3,767 $ 11 $ 3,767 $ 11 Total temporarily impaired securities - - 3,767 11 3,767 11 Other-than-temporarily impaired securities: Mortgage-backed securities 10 - 175 33 185 33 Total temporarily impaired and other-than-temporarily impaired securities $ 10 $ - $ 3,942 $ 44 $ 3,952 $ 44 December 31, 2015: Debt securities issued by U.S. Government corporations and agencies $ 5,975 $ 24 $ 2,482 $ 18 $ 8,457 $ 42 SBA loan pools 760 8 - - 760 8 Obligations of states and municipalities 702 8 1,997 28 2,699 36 Mortgage-backed securities 22,125 255 17,463 461 39,588 716 Total temporarily impaired securities 29,562 295 21,942 507 51,504 802 Other-than-temporarily impaired securities: Mortgage-backed securities 15 - 219 26 234 26 Total temporarily impaired and other- than-temporarily impaired securities $ 29,577 $ 295 $ 22,161 $ 533 $ 51,738 $ 828 The investments in the Company ’s investment portfolio that were temporarily impaired as of September 30, 2016 consisted entirely of mortgage-backed securities. The Company’s management anticipates that the fair value of securities that are currently temporarily impaired will recover to cost basis. The gross unrealized losses are primarily attributable to changes in interest rates, relative to when the investment securities were purchased, and not due to the credit quality of the investment securities. As the Company has the ability and intent to hold securities for the foreseeable future, and it is not more likely than not that the Company will be required to sell the investment securities before recovery of their amortized cost basis, no declines are deemed to be other than temporary, unless otherwise noted above. During the three months ended September 30, 2016, there were proceeds of $1.0 million from sales of available-for-sale securities. Gross realized gains on these sales amounted to $25 thousand. The tax expense applicable to these gross realized gains amounted to $9 thousand. During the three months ended September 30, 2015, During the nine months ended September 30, 2016, there were proceeds of $2.0 million from sales of available-for-sale securities. Gross realized gains on these sales amounted to $94 thousand. The tax expense applicable to these gross realized gains amounted to $32 thousand. During the nine months ended September 30, 2015, there were proceeds of $1.6 million from sales of available-for-sale securities. Gross realized gains on these sales amounted to $99 thousand. The tax expense applicable to these gross realized gains amounted to $34 thousand.

Note 7 - Loan Information

Note 7 - Loan Information	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 7 – LOAN INFORMATION Loans consisted of the fo llowing as of September 30, 2016 and December 31, 2015: September 30, 2016 December 31, 2015 (In Thousands) Real estate - residential $ 136,657 $ 138,628 Real estate - commercial 82,594 62,118 Real estate- municipal 8,566 8,629 Real estate - construction and land development 16,610 10,070 Home equity 47,774 47,681 Commercial and industrial 59,928 35,305 Municipal 4,578 3,610 Consumer 38,134 19,350 Total loans 394,841 325,391 Allowance for loan losses (3,631 ) (3,028 ) Deferred costs, net 1,439 1,332 Net loans $ 392,649 $ 323,695 The allowance for loan losses is established as losses are estimated to have occurred through a provision for lo an losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is evaluated on a regular basis by management and is based upon management ’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. General component: The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential real estate, commercial real estate, construction and land development, home equity, commercial and consumer. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume and terms of loans; effects of changes in risk selection and underwriting standards and other changes in lending policies, procedures and practices; experience/ability/depth of lending management and staff; and national and local economic trends and conditions. There were no changes in the Company’s policies or methodology pertaining to the general component of the allowance for loan losses during the nine months ended September 30, 2016. The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows: Residential real estate and home equity: The Company generally does not originate loans with a loan-to-value ratio greater than 80% without obtaining private mortgage insurance for any amounts over 80% and does not grant subprime loans. All loans in these segments are collateralized by owner-occupied residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in these segments. Commercial real estate: Loans in this segment are primarily owner-occupied properties throughout the Farmington Valley in Connecticut. Management continually monitors the financial performance of these loans and the related operating entities. Construction and land development loans: Loans in this segment primarily include real estate development loans for which payment is derived from the sale of the property. Credit risk is affected by cost overruns, time to sell at adequate prices, and market conditions. Commercial loans: Loans in this segment are made to businesses and are generally secured by the assets of the businesses. Repayment is expected from the cash flows of the businesses. A weakened economy will have an effect on the credit quality in this segment. Consumer loans: Loans in this segment are made for the purpose of financing automobiles, various types of consumer goods and other personal purposes. Most of the Bank’s consumer loans are secured by personal property purchased with the proceeds of such consumer loans. The Bank purchased approximately $9.5 million in refinanced student loans during the quarter ended June 30, 2016 and $9.3 million in refinanced student loans during the quarter ended September 30, 2016 that are classified as consumer loans. Allocated component: The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan-by-loan basis for commercial, commercial real estate and construction loans by either the present value of expected future cash flows discounted at the loan ’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer and residential real estate loans for impairment disclosures unless such loans are subject to a troubled debt restructuring agreement. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractua l terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. The Company may periodically agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring ("TDR"). All TDRs are initially classified as impaired. Unallocated component: An unallocated component is maintained to cover uncertainties that could affect management ’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio. The following table s present the allowance for loan losses by portfolio segment for the nine months ended September 30, 2016 and September 30, 2015: Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In thousands) September 30, 2016: Allowance for loan losses: Beginning balance $ 1,065 $ 706 $ 324 $ 331 $ 398 $ 157 $ 47 $ 3,028 Charge-offs - - - - - (10 ) - (10 ) Recoveries 1 - - - 2 4 - 7 Provision (benefit) 3 241 (25 ) 2 280 145 (40 ) 606 Ending balance $ 1,069 $ 947 $ 299 $ 333 $ 680 $ 296 $ 7 $ 3,631 Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In thousands) September 30, 2015: Allowance for loan losses: Beginning balance $ 1,085 $ 738 $ 249 $ 324 $ 227 $ 134 $ 4 $ 2,761 Charge-offs - - - - - (18 ) - (18 ) Recoveries - - - - - 9 - 9 (Benefit) provision (15 ) (66 ) 119 5 98 3 1 145 Ending balance $ 1,070 $ 672 $ 368 $ 329 $ 325 $ 128 $ 5 $ 2,897 The following tables set forth information regarding loans and the allowance for loan losses by portfolio segment as of September 30, 2016 and December 31, 2015: Real Estate: Construction and Land Commercial Residential Commercial Development Home Equity and Industrial Consumer Unallocated Total (In Thousands) September 30, 2016: Allowance for loan losses Ending balance: Individually evaluated for impairment $ - $ - $ - $ - $ 2 $ - $ - $ 2 Ending balance: Collectively evaluated for impairment 1,069 947 299 333 678 296 7 3,629 Total allowance for loan losses ending balance $ 1,069 $ 947 $ 299 $ 333 $ 680 $ 296 $ 7 $ 3,631 Loans: Ending balance: Individually evaluated for impairment $ - $ 1,017 $ 222 $ - 300 $ - $ - $ 1,539 Ending balance: Collectively evaluated for impairment 136,657 90,143 16,388 47,774 64,206 38,134 - 393,302 Total loans ending balance $ 136,657 $ 91,160 $ 16,610 $ 47,774 $ 64,506 $ 38,134 $ - $ 394,841 Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In thousands) December 31, 2015: Allowance for loan losses: Ending balance: Individually evaluated for impairment $ - $ - $ - $ - $ 2 $ - $ - $ 2 Ending balance: Collectively evaluated for impairment 1,065 706 324 331 396 157 47 3,026 Total allowance for loan losses ending balance $ 1,065 $ 706 $ 324 $ 331 $ 398 $ 157 $ 47 $ 3,028 Loans: Ending balance: Individually evaluated for impairment $ - $ 2,285 $ - $ - $ 363 $ - $ - $ 2,648 Ending balance: Collectively evaluated for impairment 138,628 68,462 10,070 47,681 38,552 19,350 - 322,743 Total loans ending balance $ 138,628 $ 70,747 $ 10,070 $ 47,681 $ 38,915 $ 19,350 $ - $ 325,391 The following tables present the Company’s loans by risk rating as of September 30, 2016 and December 31, 2015: Real Estate Construction and Land Commercial Residential Commercial Development Home Equity and Industrial Consumer Total (In Thousands) September 30, 2016: Grade: Pass $ - $ 83,109 $ 16,388 $ - $ 62,642 $ - $ 162,139 Special mention - 6,338 222 - 593 - 7,153 Substandard 1,268 1,713 - 222 1,271 - 4,474 Loans not formally rated 135,389 - - 47,552 - 38,134 221,075 Total $ 136,657 $ 91,160 $ 16,610 $ 47,774 $ 64,506 $ 38,134 $ 394,841 December 31, 2015: Grade: Pass $ - $ 64,823 $ 10,070 $ - $ 36,649 $ - $ 111,542 Special mention - 2,132 - - 216 - 2,348 Substandard 732 3,792 - 262 2,050 - 6,836 Loans not formally rated 137,896 - - 47,419 - 19,350 204,665 Total $ 138,628 $ 70,747 $ 10,070 $ 47,681 $ 38,915 $ 19,350 $ 325,391 Credit Quality Indicators : As part of the ongoing monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators, including trends related to (i) weighted average risk rating of commercial loans; (ii) the level of classified and criticized commercial loans; (iii) non-performing loans; (iv) net charge-offs; and (v) the general economic conditions within the State of Connecticut. The Company utilizes a risk rating grading matrix to assign a risk grade to each of its commercial loans. L oans are graded on a scale of 1 to 7. A “Pass” is defined as risk rating 1 through 3.5 . A description of each rating class is as follows: Risk Rating 1 (Superior) – This risk rating is assigned to loans secured by cash. Risk Rating 2 (Good) – This risk rating is assigned to borrowers of high credit quality who have primary and secondary sources of repayment that are well defined and fully confirmed. Risk Rating 3 (Satisfactory) – This risk rating is assigned to borrowers who are fully responsible for the loan or credit commitment and have primary and secondary sources of repayment that are well defined and adequately confirmed. Most credit factors are favorable, and the credit exposure is managed through normal monitoring. Risk Rating 3.5 (Bankable with Care) – This risk rating is assigned to borrowers who are fully responsible for the loan or credit commitment and the secondary sources of repayment are weak. These loans may require more than the average amount of attention from the relationship manager. Risk Rating 4 (Special Mention) – This risk rating is assigned to borrowers with loan obligations which may be adequately protected by the present debt service capacity and tangible net worth of such borrowers, but which have potential problems that could, if not checked or corrected, eventually weaken these assets or otherwise jeopardize the repayment of principal and interest as originally intended. Most credit factors are unfavorable, and the credit exposure requires immediate corrective action. Risk R ating 5 (Substandard) – This risk rating is assigned to borrowers who may not have adequate cash flow or collateral to satisfy their loan obligations as originally defined in the loan agreement. Substandard loans may be placed on non - accrual status if the conditions described above are generally met. Risk Rating 6 (Doubtful) – This risk rating is assigned to borrowers or the portion of borrowers’ loans with which the Company is no longer certain of such loans’ collectability. A specific allocation is assigned to such portion of the loans. Risk Rating 7 (Loss) – This risk rating is assigned to loans which have been charged off or the portion of the loans that have been charged off. “Loss” does not imply that the loan, or any portion thereof, will never be repaid, nor does it imply that there has been a forgiveness of debt. Loans not formally rated include residential, home equity and consumer loans. As of September 30, 2016, $221.1 million of the total residential, home equity and consumer loan portfolio of $222.6 million was not formally rated. As of December 31, 2015, $204.7 million of the total residential, home equity and consumer loan portfolio of $205.7 million was not formally rated. The performance of these loans is measured by delinquency status. The Bank underwrites first mortgage loans in accordance with FHLMC and FNMA guidelines. These guidelines provide for specific requirements with regard to documentation, loan to value and debt to income ratios. Guidelines for home equity loans and lines place a maximum loan to value of 80% on these loans and lines and the Bank requires full underwriting disclosure documentation for these loans. These underwriting factors have produced a loan portfolio with low delinquencies. Total delinquent loans, consisting of loans past due 60 days or more, as of September 30, 2016 were 0. 82% of total loans outstanding compared to 1.21% on December 31, 2015 . The Company’s allowance for loan losses at September 30, 2016 was 0.92% of total loans compared to 0.93% as of December 31, 2015 . An age analysis of past-due loans, segregated by class of loans, as of September 30, 2016 and December 31, 2015 is as follows: 90 Days 90 Days or More or More Total Total Total Past Due Nonaccrual 30-59 Days 60-89 Days Past Due Past Due Current Loans and Accruing Loans (In Thousands) September 30, 2016: Real estate: Residential $ - $ 382 $ 1,132 $ 1,514 $ 135,143 $ 136,657 $ - $ 1,268 Commercial - - 1,017 1,017 81,577 82,594 - 1,017 Municipal - - - - 8,566 8,566 - - Construction and land development - - 222 222 16,388 16,610 - 222 Home equity 100 80 71 251 47,523 47,774 - 222 Commercial and industrial 40 - 300 340 59,588 59,928 - 300 Municipal - - - - 4,578 4,578 - - Consumer 88 16 30 134 38,000 38,134 - 31 Total $ 228 $ 478 $ 2,772 $ 3,478 $ 391,363 $ 394,841 $ - $ 3,060 December 31, 2015: Real estate: Residential $ - $ 1,062 $ 594 $ 1,656 $ 136,972 $ 138,628 $ - $ 1,086 Commercial - - 1,668 1,668 60,450 62,118 - 2,285 Municipal - - - - 8,629 8,629 - - Construction and land development - - - - 10,070 10,070 - - Home equity 35 84 178 297 47,384 47,681 - 340 Commercial and industrial - - 363 363 34,942 35,305 - 363 Municipal - - - - 3,610 3,610 - - Consumer 47 7 5 59 19,291 19,350 - 5 Total $ 82 $ 1,153 $ 2,808 $ 4,043 $ 321,348 $ 325,391 $ - $ 4,079 Information about loans that meet the definition of an impaired loan in ASC 310-10-35 is as follows as of and for the nine months ended September 30, 2016 and the year ended December 31, 2015: Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In Thousands) September 30, 2016: With no related allowance recorded: Real Estate: Residential $ - $ - $ - $ - $ - Commercial 1,017 1,017 - 1,082 - Construction and land development 222 222 - 222 4 Home equity - - - - - Commercial and industrial - - - - - Total impaired with no related allowance $ 1,239 $ 1,239 $ - $ 1,304 $ 4 With an allowance recorded: Real Estate: Residential $ - $ - $ - $ - $ - Commercial - - - - - Construction and land development - - - - - Home equity - - - - - Commercial and industrial 300 300 2 332 - Total impaired with an allowance recorded $ 300 $ 300 $ 2 $ 332 $ - Total Real Estate: Residential $ - $ - $ - $ - $ - Commercial 1,017 1,017 - 1,082 - Construction and land development 222 222 - 222 4 Home equity - - - - - Commercial and industrial 300 300 2 332 - Total impaired loans $ 1,539 $ 1,539 $ 2 $ 1,636 $ 4 December 31, 2015: With no related allowance recorded: Real Estate: Residential $ - $ - $ - $ - $ - Commercial 2,285 2,285 - 2,358 77 Construction and land development - - - - - Home equity - - - - - Commercial and industrial - - - - - Total impaired with no related allowance $ 2,285 $ 2,285 $ - $ 2,358 $ 77 With an allowance recorded: Real Estate: Residential $ - $ - $ - $ - $ - Commercial - - - - - Construction and land development - - - - - Home equity - - - - - Commercial and industrial 363 363 2 404 - Total impaired with an allowance recorded $ 363 $ 363 $ 2 $ 404 $ - Total Real Estate: Residential $ - $ - $ - $ - $ - Commercial 2,285 2,285 - 2,358 77 Construction and land development - - - - - Home equity - - - - - Commercial and industrial 363 363 2 404 - Total impaired loans $ 2,648 $ 2,648 $ 2 $ 2,762 $ 77 The Ban k’s TDRs are determined by management. TDRs may include all accrued interest, late charges, title and recording fees, and attorneys’ fees being added back to the pre-modification balance. In addition, rates and terms of the loans may have changed. There was one loan modified as a TDR during the quarter. The loan, with a principal balance of $179 thousand was extended to reduce the risk of the borrower defaulting on outstanding loans held by the borrower’s business interests. There was one commercial loan that was modified as a troubled debt restructuring during the year ended December 31, 2015. The loan, with a recorded investment of $363 thousand at December 31, 2015, had its payment temporarily reduced as part of the modification. The loan was individually evaluated for impairment as of December 31, 2015 and it was determined that a $2 thousand specific allowance was required. The loan was in non-accrual status at September 30, 2016 and December 31, 2015. As of September 30, 2016, there were no foreclosed residential real estate properties held by the Company. There were two consumer mortgage loans collateralized by residential real estate property that were in the process of foreclosure according to local requirements of the applicable jurisdiction at September 30, 2016. The aggregate principal balance of the two loans was $151 thousand at September 30, 2016. The balance of mortgage servicing rights included in other assets at September 30, 2016 and December 31, 2015 was $1.99 million and $2.04 million, respectively. Mortgage servicing rights of $743 thousand and $781 thousand were capitalized for the nine months ended September 30, 2016 and September 30, 2015, respectively. Amortization of mortgage servicing rights was $639 thousand and $431 thousand for the nine months ended September 30, 2016 and September 30, 2015, respectively. The valuation allowance of the mortgage servicing asset was $165 thousand and $19 thousand as of September 30, 2016 and September 30, 2015, respectively. The fair value of these rights was $2.3 million and $2.7 million as of September 30, 2016 and December 31, 2015, respectively. Mortgage loans serviced for others are not included in the accompanying consolidated balance sheets. The unpaid principal balances of mortgage loans serviced for others were $284.7 million and $234.9 million as of September 30, 2016 and December 31, 2015, respectively.

Note 8 - Securities Sold Under

Note 8 - Securities Sold Under Agreements to Repurchase	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]	NOTE 8 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE Securities sold under agreements to repurchase consist of funds borrowed from customers on a short-term basis secured by portions of the Company's investment portfolio. The securities which were sold have been accounted for n ot as sales but as borrowings. The securities consisted of debt securities issued by the U.S. Treasury and other U.S. government sponsored enterprises, corporations and agencies and states and municipalities. The securities were held in safekeeping by First Niagara Bank, N.A., under the control of the Company. The purchasers have agreed to sell to the Company substantially identical securities at the maturity of the agreements. The agreements generally mature within three months from date of issue.

Note 9 - Other Comprehensive In

Note 9 - Other Comprehensive Income (Loss) Income	9 Months Ended
	Sep. 30, 2016
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	NOTE 9 – OTHER COMPREHENSIVE (LOSS) INCOME The following table s present the reclassification disclosure for the three and nine months ended September 30, 2016 and 2015: Three months ended: 9/30/2016 9/30/2015 ( In Thousands) Net change in unrealized holding gain/loss on securities available-for-sale $ (186 ) $ 672 Reclassification adjustment for realized gains in net income (1) (23 ) (26 ) Other comprehensive (loss) income before tax (209 ) 646 Income tax benefit (expense) 72 (220 ) Other comprehensive (loss) income, net of tax $ (137 ) $ 426 Nine months ended: 9/30/2016 9/30/2015 ( In Thousands) Net change in unrealized holding gain/loss on securities available-for-sale $ 1,270 $ 381 Reclassification adjustment for realized gains in net income (1) (93 ) (93 ) Other comprehensive income before tax 1,177 288 Income tax expense (401 ) (98 ) Other comprehensive income, net of tax $ 776 $ 190 (1) Reclassification adjustments are comprised of realized security gains and losses. The gains and losses have been reclassified out of accumulated other comprehensive income and have affected certain lines in the consolidated statements of income as follows: the pre-tax amount is included in gain on sales of available-for-sale securities, net, the tax expense amount is included in income tax provision and the after tax amount is included in net income.

Note 4 - Fair Value Measureme18

Note 4 - Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) September 30, 2016: Debt securities issued by U.S. government corporationsand agencies $ 4,775 $ - $ 4,775 $ - Obligations of states and municipalities 14,904 - 14,904 - Mortgage-backed securities 42,900 - 42,900 - SBA loan pools 1,032 - 1,032 - Totals $ 63,611 $ - $ 63,611 $ - December 31, 2015: Debt securities issued by U.S. government corporations and agencies 10,463 - 10,463 - Obligations of states and municipalities 14,669 - 14,669 - Mortgage-backed securities 45,281 - 45,281 - SBA loan pools 1,104 - 1,104 - Totals $ 71,517 $ - $ 71,517 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) September 30, 2016: Impaired loans $ 240 $ - $ - $ 240 $ 240 $ - $ - $ 240 Fair Value Measurements at Reporting Date Using: Quoted Prices in Significant Significant Active Markets for Other Observable Unobservable Identical Assets Inputs Inputs Total Level 1 Level 2 Level 3 (In Thousands) December 31, 2015: Impaired loans $ 240 $ - $ - $ 240 $ 240 $ - $ - $ 240
Fair Value, by Balance Sheet Grouping [Table Text Block]	September 30, 2016 Carrying Fair Value Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 19,557 $ 19,557 $ - $ - $ 19,557 Certificates of deposit 1,500 1,500 - - 1,500 Available-for-sale securities 63,611 - 63,611 - 63,611 Federal Home Loan Bank stock 1,977 1,977 - - 1,977 Loans held-for-sale 8,238 - - 8,238 8,238 Loans, net 392,649 - - 392,879 392,879 Mortgage servicing rights 1,998 - - 2,296 2,296 Accrued interest receivable 1,232 1,232 - - 1,232 Bank owned life insurance 9,066 - 9,066 - 9,066 Financial liabilities: Deposits 432,665 - 432,052 - 432,052 Securities sold under agreements to repurchase 3,193 - 3,193 - 3,193 Federal Home Loan Bank advances 29,000 - 29,000 - 29,000 Long-term subordinated debt 7,245 - 7,628 - 7,628 December 31, 2015 Carrying Amount Level 1 Level 2 Level 3 Total (In Thousands) Financial assets: Cash and cash equivalents $ 28,890 $ 28,890 $ - $ - $ 28,890 Certificates of deposit 1,250 1,250 - - 1,250 Available-for-sale securities 71,517 - 71,517 - 71,517 Federal Home Loan Bank stock 2,047 2,047 - - 2,047 Loans held-for-sale 2,167 - - 2,187 2,187 Mortgage servicing rights 2,039 - - 2,695 2,695 Loans, net 323,695 - - 322,596 322,596 Accrued interest receivable 1,143 1,143 - - 1,143 Bank owned life insurance 7,389 - 7,389 - 7,389 Financial liabilities: Deposits 372,642 - 363,752 - 363,752 Securities sold under agreements to repurchase 1,915 - 1,915 - 1,915 Federal Home Loan Bank advances 31,500 - 31,500 - 31,500 Long-term subordinated debt 7,230 - 7,339 - 7,339

Note 5 - Earnings Per Common 19

Note 5 - Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the three months ended 9/30/16 9/30/15 (In Thousands, Except Share and Per Share Data) Basic earnings per share computation: Net income $ 431 $ 353 Preferred stock net accretion - (3 ) Cumulative preferred stock dividends - (23 ) Net income available to common stockholders $ 431 $ 327 Weighted average shares outstanding, basic 1,352,263 890,190 Basic earnings per share $ 0.32 $ 0.37 Diluted earnings per share computation: Net income $ 431 $ 353 Preferred stock net accretion - (3 ) Cumulative preferred stock dividends - (23 ) Net income available to common stockholders $ 431 $ 327 Weighted average shares outstanding, before dilution 1,352,263 890,190 Dilutive potential shares 2,099 4,190 Weighted average shares outstanding, assuming dilution 1,354,362 894,380 Diluted earnings per share $ 0.32 $ 0.37 For the nine months ended 9/30/16 9/30/15 (In Thousands, Except Share and Per Share Data) Basic earnings per share computation: Net income $ 888 $ 1,045 Preferred stock net accretion - (9 ) Cumulative preferred stock dividends - (77 ) Net income available to common shareholders $ 888 $ 959 Weighted average shares outstanding, basic 1,350,725 889,473 Basic earnings per share $ 0.66 $ 1.08 Diluted earnings per share computation: Net income $ 888 $ 1,045 Preferred stock net accretion - (9 ) Cumulative preferred stock dividends - (77 ) Net income available to common shareholders $ 888 $ 959 Weighted average shares outstanding, before dilution 1,350,725 889,473 Dilutive potential shares 2,162 2,531 Weighted average shares outstanding, assuming dilution 1,352,887 892,004 Diluted earnings per share $ 0.66 $ 1.08

Note 6 - Investment Securities

Note 6 - Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Available-for-sale Securities [Table Text Block]	INVESTMENT PORTFOLIO (Dollars In Thousands) September 30, 2016 Amortized Unrealized Unrealized Fair Cost Gains Losses Value Yield AVAILABLE-FOR-SALE SECURITIES Debt securities issued by U.S. government corporations and agencies Due within one year $ 1,000 $ 3 - 1,003 1.00 % Due after one to five years 3,750 22 - 3,772 1.21 % Total U.S. government corporations and agencies 4,750 25 - 4,775 1.17 % Obligations of states and municipalities Due within one year 510 14 - 524 4.15 % Due after one to five years 1,953 56 - 2,009 3.61 % Due after five to ten years 4,025 109 - 4,134 2.67 % Due after ten to fifteen years 7,205 271 - 7,476 2.75 % Due beyond fifteen years 731 30 - 761 3.14 % Total obligations of states and municipalities 14,424 480 - 14,904 2.91 % Mortgage-backed securities Due after one to five years 594 11 2 603 2.63 % Due after five to ten years 2,090 37 - 2,127 1.92 % Due after ten to fifteen years 23,306 195 4 23,497 1.71 % Due beyond fifteen years 16,553 158 38 16,673 2.04 % Total mortgage-backed securities 42,543 401 44 42,900 1.86 % SBA loan pools Due after five to ten years 1,004 28 - 1,032 3.10 % Total SBA loan pools 1,004 28 - 1,032 3.10 % Total available-for-sale securities $ 62,721 $ 934 $ 44 $ 63,611 2.34 % INVESTMENT PORTFOLIO (Dollars In Thousands) December 31,2015 Amortized Unrealized Unrealized Fair Cost Gains Losses Value Yield AVAILABLE-FOR-SALE SECURITIES Debt securities issued by U.S. government corporations and agencies Due after one to five years $ 10,499 $ 6 $ 42 $ 10,463 1.33 % Total obligations of states and municipalities 10,499 6 42 10,463 1.33 % Obligations of states and municipalities Due within one year 375 4 - 379 3.95 % Due after one to five years 7,780 305 20 8,065 2.70 % Due after five to ten years 4,580 121 8 4,693 3.08 % Due after ten to fifteen years 1,025 9 8 1,026 2.51 % Due beyond fifteen years 498 8 - 506 3.25 % Total obligations of states and municipalities 14,258 447 36 14,669 2.86 % Mortgage-backed securities Due after one to five years 733 12 - 745 2.43 % Due after five to ten years 1,997 19 7 2,009 2.13 % Due after ten to fifteen years 25,144 16 393 24,767 1.80 % Due beyond fifteen years 18,084 18 342 17,760 2.20 % Total mortgage-backed securities 45,958 65 742 45,281 1.98 % SBA loan pools Due after five to ten years 1,089 23 8 1,104 3.19 % Total SBA loan pools 1,089 23 8 1,104 3.19 % Total available-for-sale securities $ 71,804 $ 541 $ 828 $ 71,517 2.36 %
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	Less than 12 Months 12 Months or Longer Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses (In Thousands) September 30, 2016: Mortgage-backed securities $ - $ - $ 3,767 $ 11 $ 3,767 $ 11 Total temporarily impaired securities - - 3,767 11 3,767 11 Other-than-temporarily impaired securities: Mortgage-backed securities 10 - 175 33 185 33 Total temporarily impaired and other-than-temporarily impaired securities $ 10 $ - $ 3,942 $ 44 $ 3,952 $ 44 December 31, 2015: Debt securities issued by U.S. Government corporations and agencies $ 5,975 $ 24 $ 2,482 $ 18 $ 8,457 $ 42 SBA loan pools 760 8 - - 760 8 Obligations of states and municipalities 702 8 1,997 28 2,699 36 Mortgage-backed securities 22,125 255 17,463 461 39,588 716 Total temporarily impaired securities 29,562 295 21,942 507 51,504 802 Other-than-temporarily impaired securities: Mortgage-backed securities 15 - 219 26 234 26 Total temporarily impaired and other- than-temporarily impaired securities $ 29,577 $ 295 $ 22,161 $ 533 $ 51,738 $ 828

Note 7 - Loan Information (Tabl

Note 7 - Loan Information (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, 2016 December 31, 2015 (In Thousands) Real estate - residential $ 136,657 $ 138,628 Real estate - commercial 82,594 62,118 Real estate- municipal 8,566 8,629 Real estate - construction and land development 16,610 10,070 Home equity 47,774 47,681 Commercial and industrial 59,928 35,305 Municipal 4,578 3,610 Consumer 38,134 19,350 Total loans 394,841 325,391 Allowance for loan losses (3,631 ) (3,028 ) Deferred costs, net 1,439 1,332 Net loans $ 392,649 $ 323,695
Allowance for Credit Losses on Financing Receivables [Table Text Block]	Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In thousands) September 30, 2016: Allowance for loan losses: Beginning balance $ 1,065 $ 706 $ 324 $ 331 $ 398 $ 157 $ 47 $ 3,028 Charge-offs - - - - - (10 ) - (10 ) Recoveries 1 - - - 2 4 - 7 Provision (benefit) 3 241 (25 ) 2 280 145 (40 ) 606 Ending balance $ 1,069 $ 947 $ 299 $ 333 $ 680 $ 296 $ 7 $ 3,631 Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In thousands) September 30, 2015: Allowance for loan losses: Beginning balance $ 1,085 $ 738 $ 249 $ 324 $ 227 $ 134 $ 4 $ 2,761 Charge-offs - - - - - (18 ) - (18 ) Recoveries - - - - - 9 - 9 (Benefit) provision (15 ) (66 ) 119 5 98 3 1 145 Ending balance $ 1,070 $ 672 $ 368 $ 329 $ 325 $ 128 $ 5 $ 2,897 Real Estate: Construction and Land Commercial Residential Commercial Development Home Equity and Industrial Consumer Unallocated Total (In Thousands) September 30, 2016: Allowance for loan losses Ending balance: Individually evaluated for impairment $ - $ - $ - $ - $ 2 $ - $ - $ 2 Ending balance: Collectively evaluated for impairment 1,069 947 299 333 678 296 7 3,629 Total allowance for loan losses ending balance $ 1,069 $ 947 $ 299 $ 333 $ 680 $ 296 $ 7 $ 3,631 Loans: Ending balance: Individually evaluated for impairment $ - $ 1,017 $ 222 $ - 300 $ - $ - $ 1,539 Ending balance: Collectively evaluated for impairment 136,657 90,143 16,388 47,774 64,206 38,134 - 393,302 Total loans ending balance $ 136,657 $ 91,160 $ 16,610 $ 47,774 $ 64,506 $ 38,134 $ - $ 394,841 Real Estate: Construction and Commercial Residential Commercial Land Development Home Equity & Industrial Consumer Unallocated Total (In thousands) December 31, 2015: Allowance for loan losses: Ending balance: Individually evaluated for impairment $ - $ - $ - $ - $ 2 $ - $ - $ 2 Ending balance: Collectively evaluated for impairment 1,065 706 324 331 396 157 47 3,026 Total allowance for loan losses ending balance $ 1,065 $ 706 $ 324 $ 331 $ 398 $ 157 $ 47 $ 3,028 Loans: Ending balance: Individually evaluated for impairment $ - $ 2,285 $ - $ - $ 363 $ - $ - $ 2,648 Ending balance: Collectively evaluated for impairment 138,628 68,462 10,070 47,681 38,552 19,350 - 322,743 Total loans ending balance $ 138,628 $ 70,747 $ 10,070 $ 47,681 $ 38,915 $ 19,350 $ - $ 325,391
Financing Receivable Credit Quality Indicators [Table Text Block]	Real Estate Construction and Land Commercial Residential Commercial Development Home Equity and Industrial Consumer Total (In Thousands) September 30, 2016: Grade: Pass $ - $ 83,109 $ 16,388 $ - $ 62,642 $ - $ 162,139 Special mention - 6,338 222 - 593 - 7,153 Substandard 1,268 1,713 - 222 1,271 - 4,474 Loans not formally rated 135,389 - - 47,552 - 38,134 221,075 Total $ 136,657 $ 91,160 $ 16,610 $ 47,774 $ 64,506 $ 38,134 $ 394,841 December 31, 2015: Grade: Pass $ - $ 64,823 $ 10,070 $ - $ 36,649 $ - $ 111,542 Special mention - 2,132 - - 216 - 2,348 Substandard 732 3,792 - 262 2,050 - 6,836 Loans not formally rated 137,896 - - 47,419 - 19,350 204,665 Total $ 138,628 $ 70,747 $ 10,070 $ 47,681 $ 38,915 $ 19,350 $ 325,391
Past Due Financing Receivables [Table Text Block]	90 Days 90 Days or More or More Total Total Total Past Due Nonaccrual 30-59 Days 60-89 Days Past Due Past Due Current Loans and Accruing Loans (In Thousands) September 30, 2016: Real estate: Residential $ - $ 382 $ 1,132 $ 1,514 $ 135,143 $ 136,657 $ - $ 1,268 Commercial - - 1,017 1,017 81,577 82,594 - 1,017 Municipal - - - - 8,566 8,566 - - Construction and land development - - 222 222 16,388 16,610 - 222 Home equity 100 80 71 251 47,523 47,774 - 222 Commercial and industrial 40 - 300 340 59,588 59,928 - 300 Municipal - - - - 4,578 4,578 - - Consumer 88 16 30 134 38,000 38,134 - 31 Total $ 228 $ 478 $ 2,772 $ 3,478 $ 391,363 $ 394,841 $ - $ 3,060 December 31, 2015: Real estate: Residential $ - $ 1,062 $ 594 $ 1,656 $ 136,972 $ 138,628 $ - $ 1,086 Commercial - - 1,668 1,668 60,450 62,118 - 2,285 Municipal - - - - 8,629 8,629 - - Construction and land development - - - - 10,070 10,070 - - Home equity 35 84 178 297 47,384 47,681 - 340 Commercial and industrial - - 363 363 34,942 35,305 - 363 Municipal - - - - 3,610 3,610 - - Consumer 47 7 5 59 19,291 19,350 - 5 Total $ 82 $ 1,153 $ 2,808 $ 4,043 $ 321,348 $ 325,391 $ - $ 4,079
Impaired Financing Receivables [Table Text Block]	Unpaid Average Interest Recorded Principal Related Recorded Income Investment Balance Allowance Investment Recognized (In Thousands) September 30, 2016: With no related allowance recorded: Real Estate: Residential $ - $ - $ - $ - $ - Commercial 1,017 1,017 - 1,082 - Construction and land development 222 222 - 222 4 Home equity - - - - - Commercial and industrial - - - - - Total impaired with no related allowance $ 1,239 $ 1,239 $ - $ 1,304 $ 4 With an allowance recorded: Real Estate: Residential $ - $ - $ - $ - $ - Commercial - - - - - Construction and land development - - - - - Home equity - - - - - Commercial and industrial 300 300 2 332 - Total impaired with an allowance recorded $ 300 $ 300 $ 2 $ 332 $ - Total Real Estate: Residential $ - $ - $ - $ - $ - Commercial 1,017 1,017 - 1,082 - Construction and land development 222 222 - 222 4 Home equity - - - - - Commercial and industrial 300 300 2 332 - Total impaired loans $ 1,539 $ 1,539 $ 2 $ 1,636 $ 4 December 31, 2015: With no related allowance recorded: Real Estate: Residential $ - $ - $ - $ - $ - Commercial 2,285 2,285 - 2,358 77 Construction and land development - - - - - Home equity - - - - - Commercial and industrial - - - - - Total impaired with no related allowance $ 2,285 $ 2,285 $ - $ 2,358 $ 77 With an allowance recorded: Real Estate: Residential $ - $ - $ - $ - $ - Commercial - - - - - Construction and land development - - - - - Home equity - - - - - Commercial and industrial 363 363 2 404 - Total impaired with an allowance recorded $ 363 $ 363 $ 2 $ 404 $ - Total Real Estate: Residential $ - $ - $ - $ - $ - Commercial 2,285 2,285 - 2,358 77 Construction and land development - - - - - Home equity - - - - - Commercial and industrial 363 363 2 404 - Total impaired loans $ 2,648 $ 2,648 $ 2 $ 2,762 $ 77

Note 9 - Other Comprehensive 22

Note 9 - Other Comprehensive Income (Loss) Income (Tables)	9 Months Ended
	Sep. 30, 2016
Notes Tables
Comprehensive Income (Loss) [Table Text Block]	Three months ended: 9/30/2016 9/30/2015 ( In Thousands) Net change in unrealized holding gain/loss on securities available-for-sale $ (186 ) $ 672 Reclassification adjustment for realized gains in net income (1) (23 ) (26 ) Other comprehensive (loss) income before tax (209 ) 646 Income tax benefit (expense) 72 (220 ) Other comprehensive (loss) income, net of tax $ (137 ) $ 426 Nine months ended: 9/30/2016 9/30/2015 ( In Thousands) Net change in unrealized holding gain/loss on securities available-for-sale $ 1,270 $ 381 Reclassification adjustment for realized gains in net income (1) (93 ) (93 ) Other comprehensive income before tax 1,177 288 Income tax expense (401 ) (98 ) Other comprehensive income, net of tax $ 776 $ 190

Note 2 - Stock-based Compensa23

Note 2 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Allocated Share-based Compensation Expense	$ 113	$ 130

Note 4 - Fair Value Measureme24

Note 4 - Fair Value Measurements - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	$ 4,775	$ 10,463
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	4,775	10,463
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	14,904	14,669
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	14,904	14,669
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	42,900	45,281
Collateralized Mortgage Backed Securities [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	42,900	45,281
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	1,032	1,104
Other Debt Obligations [Member] | Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	1,032	1,104
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Available-for-sale securities	63,611	71,517
Fair Value, Measurements, Recurring [Member]
Available-for-sale securities	63,611	71,517
Available-for-sale securities	$ 63,611	$ 71,517

Note 4 - Fair Value Measureme25

Note 4 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member]
Asset Class	$ 240	$ 240
Impaired Loans [Member]
Asset Class	240	240
Fair Value, Inputs, Level 3 [Member]
Asset Class	240	240
Asset Class	$ 240	$ 240

Note 4 - Fair Value Measureme26

Note 4 - Fair Value Measurements - Financial Instruments (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Reported Value Measurement [Member]
Cash and cash equivalents	$ 19,557,000	$ 28,890,000
Certificates of deposit	1,500,000	1,250,000
Available-for-sale securities	63,611,000	71,517,000
Federal Home Loan Bank stock	1,977,000	2,047,000
Loans held-for-sale	8,238,000	2,167,000
Loans, net	392,649,000	323,695,000
Servicing Asset at Fair Value, Amount	1,998,000	2,039,000
Accrued interest receivable	1,232,000	1,143,000
Bank owned life insurance	9,066,000	7,389,000
Deposits	432,665,000	372,642,000
Securities sold under agreements to repurchase	3,193,000	1,915,000
Federal Home Loan Bank advances	29,000,000	31,500,000
Long-term subordinated debt	7,245,000	7,230,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	19,557,000	28,890,000
Certificates of deposit	1,500,000	1,250,000
Available-for-sale securities	0	0
Federal Home Loan Bank stock	1,977,000	2,047,000
Loans held-for-sale	0	0
Loans, net	0	0
Servicing Asset at Fair Value, Amount	0	0
Accrued interest receivable	1,232,000	1,143,000
Bank owned life insurance	0	0
Deposits	0	0
Securities sold under agreements to repurchase	0	0
Federal Home Loan Bank advances	0	0
Long-term subordinated debt	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents	0	0
Certificates of deposit	0	0
Available-for-sale securities	63,611,000	71,517,000
Federal Home Loan Bank stock	0	0
Loans held-for-sale	0	0
Loans, net	0	0
Servicing Asset at Fair Value, Amount	0	0
Accrued interest receivable	0	0
Bank owned life insurance	9,066,000	7,389,000
Deposits	432,052,000	363,752,000
Securities sold under agreements to repurchase	3,193,000	1,915,000
Federal Home Loan Bank advances	29,000,000	31,500,000
Long-term subordinated debt	7,628,000	7,339,000
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents	0	0
Certificates of deposit	0	0
Available-for-sale securities	0	0
Federal Home Loan Bank stock	0	0
Loans held-for-sale	8,238,000	2,187,000
Loans, net	392,879,000	322,596,000
Servicing Asset at Fair Value, Amount	2,296,000	2,695,000
Accrued interest receivable	0	0
Bank owned life insurance	0	0
Deposits	0	0
Securities sold under agreements to repurchase	0	0
Federal Home Loan Bank advances	0	0
Long-term subordinated debt	0	0
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	19,557,000	28,890,000
Certificates of deposit	1,500,000	1,250,000
Available-for-sale securities	63,611,000	71,517,000
Federal Home Loan Bank stock	1,977,000	2,047,000
Loans held-for-sale	8,238,000	2,187,000
Loans, net	392,879,000	322,596,000
Servicing Asset at Fair Value, Amount	2,296,000	2,695,000
Accrued interest receivable	1,232,000	1,143,000
Bank owned life insurance	9,066,000	7,389,000
Deposits	432,052,000	363,752,000
Securities sold under agreements to repurchase	3,193,000	1,915,000
Federal Home Loan Bank advances	29,000,000	31,500,000
Long-term subordinated debt	7,628,000	7,339,000
Available-for-sale securities	$ 63,611,000	$ 71,517,000

Note 5 - Earnings Per Common 27

Note 5 - Earnings Per Common Share - Computation of EPS on Both Basic and Diluted Basis (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net income	$ 431,000	$ 353,000	$ 888,000	$ 1,045,000
Preferred stock net accretion	0	(3,000)	0	(9,000)
Cumulative preferred stock dividends	0	(23,000)	0	(77,000)
Net income available to common stockholders	$ 431,000	$ 327,000	$ 888,000	$ 959,000
Weighted average shares outstanding, basic (in shares)	1,352,263	890,190	1,350,725	889,473
Earnings per common share, basic (in dollars per share)	$ 0.32	$ 0.37	$ 0.66	$ 1.08
Dilutive potential shares (in shares)	2,099	4,190	2,162	2,531
Weighted average shares outstanding, assuming dilution (in shares)	1,354,362	894,380	1,352,887	892,004
Earnings per common share, assuming dilution (in dollars per share)	$ 0.32	$ 0.37	$ 0.66	$ 1.08

Note 6 - Investment Securitie28

Note 6 - Investment Securities (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Proceeds from Sale of Available-for-sale Securities	$ 1,000,000	$ 497,000	$ 1,991,000	$ 1,614,000
Available-for-sale Securities, Gross Realized Gains	25,000	30,000	94,000	99,000
Available-for-sale Securities, Realized Gain (Loss) Income Tax Expense (Benefit)	$ 9,000	$ 10,000	$ 32,000	$ 34,000

Note 6 - Investment Securitie29

Note 6 - Investment Securities - Amortized Cost and Fair Value (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
US Government Agencies Debt Securities [Member]
Amortized cost, due within one year	$ 1,000,000
Unrealized gains, due within one year	3,000
Unrealized losses, due within one year	0
Fair value, due within one year	$ 1,003,000
Yield, due within one year	1.00%
Amortized cost, due after one to five years	$ 3,750,000	$ 10,499,000
Unrealized gains, due after one to five years	22,000	6,000
Unrealized losses, due after one to five years	0	42,000
Fair value, due after one to five years	$ 3,772,000	$ 10,463,000
Yield, due after one to five years	1.21%	1.33%
Amortized cost, total available-for-sale securities	$ 4,750,000	$ 10,499,000
Unrealized gains, total available-for-sale securities	25,000	6,000
Unrealized losses, total available-for-sale securities	0	42,000
Fair value, total available-for-sale securities	$ 4,775,000	$ 10,463,000
Yield, total available-for-sale securities	1.17%	1.33%
US States and Political Subdivisions Debt Securities [Member]
Amortized cost, due within one year	$ 510,000	$ 375,000
Unrealized gains, due within one year	14,000	4,000
Unrealized losses, due within one year	0	0
Fair value, due within one year	$ 524	$ 379,000
Yield, due within one year	4.15%	3.95%
Amortized cost, due after one to five years	$ 1,953,000	$ 7,780,000
Unrealized gains, due after one to five years	56,000	305,000
Unrealized losses, due after one to five years	0	20,000
Fair value, due after one to five years	$ 2,009,000	$ 8,065,000
Yield, due after one to five years	3.61%	2.70%
Amortized cost, total available-for-sale securities	$ 14,424,000	$ 14,258
Unrealized gains, total available-for-sale securities	480,000	447
Unrealized losses, total available-for-sale securities	0	36
Fair value, total available-for-sale securities	$ 14,904,000	$ 14,669
Yield, total available-for-sale securities	2.91%	2.86%
Amortized cost, due after five to ten years	$ 4,025,000	$ 4,580,000
Unrealized gains, due after five to ten years	109,000	121,000
Unrealized losses, due after five to ten years	0	8,000
Fair value, due after five to ten years	$ 4,134,000	$ 4,693,000
Yield, due after five to ten years	2.67%	3.08%
Amortized cost, due after ten to fifteen years	$ 7,205,000	$ 1,025,000
Unrealized gains, due after ten to fifteen years	271,000	9,000
Unrealized losses, due after ten to fifteen years	0	8,000
Fair value, due after ten to fifteen years	$ 7,476,000	$ 1,026,000
Yield, due after ten to fifteen years	2.75%	2.51%
Amortized cost, due beyond fifteen years	$ 731,000	$ 498,000
Unrealized gains, due beyond fifteen years	30,000	8,000
Unrealized losses, due beyond fifteen years	0	0
Fair value, due beyond fifteen years	$ 761,000	$ 506,000
Yield, due beyond fifteen years	3.14%	3.25%
Collateralized Mortgage Backed Securities [Member]
Amortized cost, due after one to five years	$ 594,000	$ 733,000
Unrealized gains, due after one to five years	11,000	12,000
Unrealized losses, due after one to five years	2,000	0
Fair value, due after one to five years	$ 603,000	$ 745,000
Yield, due after one to five years	2.63%	2.43%
Amortized cost, total available-for-sale securities	$ 42,543,000	$ 45,958,000
Unrealized gains, total available-for-sale securities	401,000	65,000
Unrealized losses, total available-for-sale securities	44,000	742,000
Fair value, total available-for-sale securities	$ 42,900,000	$ 45,281,000
Yield, total available-for-sale securities	1.86%	1.98%
Amortized cost, due after five to ten years	$ 2,090,000	$ 1,997,000
Unrealized gains, due after five to ten years	37,000	19,000
Unrealized losses, due after five to ten years	0	7,000
Fair value, due after five to ten years	$ 2,127,000	$ 2,009,000
Yield, due after five to ten years	1.92%	2.13%
Amortized cost, due after ten to fifteen years	$ 23,306,000	$ 25,144,000
Unrealized gains, due after ten to fifteen years	195,000	16,000
Unrealized losses, due after ten to fifteen years	4,000	393,000
Fair value, due after ten to fifteen years	$ 23,497,000	$ 24,767,000
Yield, due after ten to fifteen years	1.71%	1.80%
Amortized cost, due beyond fifteen years	$ 16,553,000	$ 18,084,000
Unrealized gains, due beyond fifteen years	158,000	18,000
Unrealized losses, due beyond fifteen years	38,000	342,000
Fair value, due beyond fifteen years	$ 16,673,000	$ 17,760,000
Yield, due beyond fifteen years	2.04%	2.20%
Other Debt Obligations [Member]
Amortized cost, total available-for-sale securities	$ 1,004,000	$ 1,089,000
Unrealized gains, total available-for-sale securities	28,000	23,000
Unrealized losses, total available-for-sale securities	0	8,000
Fair value, total available-for-sale securities	$ 1,032,000	$ 1,104,000
Yield, total available-for-sale securities	3.10%	3.19%
Amortized cost, due after five to ten years	$ 1,004,000	$ 1,089,000
Unrealized gains, due after five to ten years	28,000	23,000
Unrealized losses, due after five to ten years	0	8,000
Fair value, due after five to ten years	$ 1,032,000	$ 1,104,000
Yield, due after five to ten years	3.10%	3.19%
Amortized cost, total available-for-sale securities	$ 62,721,000	$ 71,804,000
Unrealized gains, total available-for-sale securities	934,000	541,000
Unrealized losses, total available-for-sale securities	44,000	828,000
Fair value, total available-for-sale securities	$ 63,611,000	$ 71,517,000
Yield, total available-for-sale securities	2.34%	2.36%

Note 6 - Investment Securitie30

Note 6 - Investment Securities - Securities in a Continuous Unrealized Loss Position (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Temporarily Impaired Securities [Member] | Collateralized Mortgage Backed Securities [Member]
Less than 12 Months Fair Value	$ 0	$ 22,125,000
Less than 12 Months Unrealized Losses	0	255,000
12 Months or Longer Fair Value	3,767,000	17,463,000
12 Months or Longer Unrealized Losses	11,000	461,000
Total Fair Value	3,767,000	39,588,000
Total Unrealized Losses	11,000	716,000
Temporarily Impaired Securities [Member] | US Government Agencies Debt Securities [Member]
Less than 12 Months Fair Value		5,975,000
Less than 12 Months Unrealized Losses		24,000
12 Months or Longer Fair Value		2,482,000
12 Months or Longer Unrealized Losses		18,000
Total Fair Value		8,457,000
Total Unrealized Losses		42,000
Temporarily Impaired Securities [Member] | Other Debt Obligations [Member]
Less than 12 Months Fair Value		760,000
Less than 12 Months Unrealized Losses		8,000
12 Months or Longer Fair Value		0
12 Months or Longer Unrealized Losses		0
Total Fair Value		760,000
Total Unrealized Losses		8,000
Temporarily Impaired Securities [Member] | US States and Political Subdivisions Debt Securities [Member]
Less than 12 Months Fair Value		702,000
Less than 12 Months Unrealized Losses		8,000
12 Months or Longer Fair Value		1,997,000
12 Months or Longer Unrealized Losses		28,000
Total Fair Value		2,699,000
Total Unrealized Losses		36,000
Temporarily Impaired Securities [Member]
Less than 12 Months Fair Value	0	29,562,000
Less than 12 Months Unrealized Losses	0	295,000
12 Months or Longer Fair Value	3,767,000	21,942,000
12 Months or Longer Unrealized Losses	11,000	507,000
Total Fair Value	3,767,000	51,504,000
Total Unrealized Losses	11,000	802,000
Other than Temporarily Impaired Securities [Member] | Collateralized Mortgage Backed Securities [Member]
Less than 12 Months Fair Value	10,000	15,000
Less than 12 Months Unrealized Losses	0	0
12 Months or Longer Fair Value	175,000	219,000
12 Months or Longer Unrealized Losses	33,000	26,000
Total Fair Value	185,000	234,000
Total Unrealized Losses	33,000	26,000
Other than Temporarily Impaired Securities [Member]
Less than 12 Months Fair Value	10,000	29,577,000
Less than 12 Months Unrealized Losses	0	295,000
12 Months or Longer Fair Value	3,942,000	22,161,000
12 Months or Longer Unrealized Losses	44,000	533,000
Total Fair Value	3,952,000	51,738,000
Total Unrealized Losses	$ 44,000	$ 828,000

Note 7 - Loan Information (Deta

Note 7 - Loan Information (Details Textual)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Residential Portfolio Segment [Member]
Loan to Value Ratio	80.00%		80.00%
Loans and Leases Receivable, Gross	$ 136,657,000		$ 136,657,000		$ 138,628,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0		0
Real Estate Acquired Through Foreclosure	0		0
Consumer Portfolio Segment [Member] | Student Loan [Member]
Payments to Acquire Loans Held-for-investment	9,300,000	$ 9,500,000
Consumer Portfolio Segment [Member]
Loans and Leases Receivable, Gross	38,134,000		$ 38,134,000		19,350,000
Financing Receivable, Modifications, Number of Contracts			2
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		$ 0		0
Mortgage Loans in Process of Foreclosure, Amount	151,000		151,000
Residential Home Equity and Consumer Portfolio Segments [Member] | Not Formally Rated [Member]
Loans and Leases Receivable, Gross	222,600,000		222,600,000		205,700,000
Residential Home Equity and Consumer Portfolio Segments [Member]
Loans and Leases Receivable, Gross	$ 221,100,000		$ 221,100,000		204,700,000
Home Equity Portfolio Segment [Member]
Loan to Value Ratio	80.00%		80.00%
Loans and Leases Receivable, Gross	$ 47,774,000		$ 47,774,000		47,681,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0		0
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Payments Temporarily Reduced [Member]
Financing Receivable, Modifications, Recorded Investment					363,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment					$ 2,000
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Financing Receivable, Modifications, Number of Contracts					1
Commercial Portfolio Segment [Member]
Loans and Leases Receivable, Gross	59,928,000		59,928,000		$ 35,305,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	2,000		2,000		2,000
Nonperforming Financial Instruments [Member] | Payments Temporarily Reduced [Member]
Financing Receivable, Modifications, Recorded Investment	179,000		$ 179,000
Nonperforming Financial Instruments [Member]
Financing Receivable, Modifications, Number of Contracts			1
Mortgage Servicing Rights [Member]
Servicing Asset at Amortized Cost	1,990,000		$ 1,990,000		2,040,000
Servicing Asset at Amortized Cost, Additions			743,000	$ 781,000
Servicing Asset at Amortized Cost, Amortization			639,000	431,000
Valuation Allowance for Impairment of Recognized Servicing Assets, Additions (Deductions) for Expenses (Recoveries)			165,000	19,000
Servicing Asset at Fair Value, Amount	2,300,000		2,300,000		2,700,000
Mortgages [Member]
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement	284,700,000		284,700,000		234,900,000
Payments to Acquire Loans Held-for-investment			36,880,000	$ 8,361,000
Loans and Leases Receivable, Gross	$ 394,841,000		$ 394,841,000		$ 325,391,000
Percentage of Delinquent Loans Outstanding	0.82%		0.82%		1.21%
Allowance for Loan Losses Percentage	0.92%		0.92%		0.93%
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	$ 2,000		$ 2,000		$ 2,000

Note 7 - Loan Information - Loa

Note 7 - Loan Information - Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Residential Portfolio Segment [Member]
Loans and Leases Receivable, Gross	$ 136,657	$ 138,628
Commercial Real Estate Portfolio Segment [Member]
Loans and Leases Receivable, Gross	82,594	62,118
Municipal Real Estate Portfolio Segment [Member]
Loans and Leases Receivable, Gross	8,566	8,629
Construction and Land Development Real Estate Portfolio Segment [Member]
Loans and Leases Receivable, Gross	16,610	10,070
Home Equity Portfolio Segment [Member]
Loans and Leases Receivable, Gross	47,774	47,681
Commercial Portfolio Segment [Member]
Loans and Leases Receivable, Gross	59,928	35,305
Municipal Non Real Estate Portfolio Segment [Member]
Loans and Leases Receivable, Gross	4,578	3,610
Consumer Portfolio Segment [Member]
Loans and Leases Receivable, Gross	38,134	19,350
Loans and Leases Receivable, Gross	394,841	325,391
Allowance for loan losses	(3,631)	(3,028)
Deferred costs, net	1,439	1,332
Net loans	$ 392,649	$ 323,695

Note 7 - Loan Information - All

Note 7 - Loan Information - Allowance for Loan Losses (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Residential Portfolio Segment [Member]
Beginning balance	$ 1,065,000	$ 1,085,000
Charge-offs	0	0
Recoveries	1,000	0
Provision (benefit)	3,000	(15,000)
Ending balance	1,069,000	1,070,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		$ 0
Allowance for loan losses, collectively evaluated for impairment	1,069,000		1,065,000
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	136,657,000		138,628,000
Total loans ending balance	136,657,000		138,628,000
Commercial Real Estate Portfolio Segment [Member]
Beginning balance	706,000	738,000
Charge-offs	0	0
Recoveries	0	0
Provision (benefit)	241,000	(66,000)
Ending balance	947,000	672,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0
Allowance for loan losses, collectively evaluated for impairment	947,000		706,000
Individually evaluated for impairment	1,017,000		2,285,000
Collectively evaluated for impairment	90,143,000		68,462,000
Total loans ending balance	91,160,000		70,747,000
Construction and Land Development Real Estate Portfolio Segment [Member]
Beginning balance	324,000	249,000
Charge-offs	0	0
Recoveries	0	0
Provision (benefit)	(25,000)	119,000
Ending balance	299,000	368,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0
Allowance for loan losses, collectively evaluated for impairment	299,000		324,000
Individually evaluated for impairment	222,000		0
Collectively evaluated for impairment	16,388,000		10,070,000
Total loans ending balance	16,610,000		10,070,000
Home Equity Portfolio Segment [Member]
Beginning balance	331,000	324,000
Charge-offs	0	0
Recoveries	0	0
Provision (benefit)	2,000	5,000
Ending balance	333,000	329,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0
Allowance for loan losses, collectively evaluated for impairment	333,000		331,000
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	47,774,000		47,681,000
Total loans ending balance	47,774,000		47,681,000
Commercial Portfolio Segment [Member]
Beginning balance	398,000	227,000
Charge-offs	0	0
Recoveries	2,000	0
Provision (benefit)	280,000	98,000
Ending balance	680,000	325,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	2,000		2,000
Allowance for loan losses, collectively evaluated for impairment	678,000		396,000
Individually evaluated for impairment	300,000		363,000
Collectively evaluated for impairment	64,206,000		38,552,000
Total loans ending balance	64,506,000		38,915,000
Consumer Portfolio Segment [Member]
Beginning balance	157,000	134,000
Charge-offs	(10,000)	(18,000)
Recoveries	4,000	9,000
Provision (benefit)	145,000	3,000
Ending balance	296,000	128,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0
Allowance for loan losses, collectively evaluated for impairment	296,000		157,000
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	38,134,000		19,350,000
Total loans ending balance	38,134,000		19,350,000
Unallocated Financing Receivables [Member]
Beginning balance	47,000	4,000
Charge-offs	0	0
Recoveries	0	0
Provision (benefit)	(40,000)	1,000
Ending balance	7,000	5,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0		0
Allowance for loan losses, collectively evaluated for impairment	7,000		47,000
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	0		0
Total loans ending balance	0		0
Beginning balance	3,028,000	2,761,000
Charge-offs	(10,000)	(18,000)
Recoveries	7,000	9,000
Provision (benefit)	606,000	145,000
Ending balance	3,631,000	$ 2,897,000
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	2,000		2,000
Allowance for loan losses, collectively evaluated for impairment	3,629,000		3,026,000
Individually evaluated for impairment	1,539,000		2,648,000
Collectively evaluated for impairment	393,302,000		322,743,000
Total loans ending balance	$ 394,841,000		$ 325,391,000

Note 7 - Loan Information - L34

Note 7 - Loan Information - Loans by Risk Rating (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Residential Portfolio Segment [Member] | Pass [Member]
Loans by risk rating	$ 0	$ 0
Residential Portfolio Segment [Member] | Special Mention [Member]
Loans by risk rating	0	0
Residential Portfolio Segment [Member] | Substandard [Member]
Loans by risk rating	1,268,000	732,000
Residential Portfolio Segment [Member] | Not Formally Rated [Member]
Loans by risk rating	135,389,000	137,896,000
Residential Portfolio Segment [Member]
Loans by risk rating	136,657,000	138,628,000
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Loans by risk rating	83,109,000	64,823,000
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans by risk rating	6,338,000	2,132,000
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Loans by risk rating	1,713,000	3,792,000
Commercial Real Estate Portfolio Segment [Member] | Not Formally Rated [Member]
Loans by risk rating	0	0
Commercial Real Estate Portfolio Segment [Member]
Loans by risk rating	91,160,000	70,747,000
Construction and Land Development Real Estate Portfolio Segment [Member] | Pass [Member]
Loans by risk rating	16,388,000	10,070,000
Construction and Land Development Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans by risk rating	222,000	0
Construction and Land Development Real Estate Portfolio Segment [Member] | Substandard [Member]
Loans by risk rating	0	0
Construction and Land Development Real Estate Portfolio Segment [Member] | Not Formally Rated [Member]
Loans by risk rating	0	0
Construction and Land Development Real Estate Portfolio Segment [Member]
Loans by risk rating	16,610,000	10,070,000
Home Equity Portfolio Segment [Member] | Pass [Member]
Loans by risk rating	0	0
Home Equity Portfolio Segment [Member] | Special Mention [Member]
Loans by risk rating	0	0
Home Equity Portfolio Segment [Member] | Substandard [Member]
Loans by risk rating	222,000	262,000
Home Equity Portfolio Segment [Member] | Not Formally Rated [Member]
Loans by risk rating	47,552,000	47,419,000
Home Equity Portfolio Segment [Member]
Loans by risk rating	47,774,000	47,681,000
Commercial Portfolio Segment [Member] | Pass [Member]
Loans by risk rating	62,642,000	36,649,000
Commercial Portfolio Segment [Member] | Special Mention [Member]
Loans by risk rating	593,000	216,000
Commercial Portfolio Segment [Member] | Substandard [Member]
Loans by risk rating	1,271,000	2,050,000
Commercial Portfolio Segment [Member] | Not Formally Rated [Member]
Loans by risk rating	0	0
Commercial Portfolio Segment [Member]
Loans by risk rating	64,506,000	38,915,000
Consumer Portfolio Segment [Member] | Pass [Member]
Loans by risk rating	0	0
Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans by risk rating	0	0
Consumer Portfolio Segment [Member] | Substandard [Member]
Loans by risk rating	0	0
Consumer Portfolio Segment [Member] | Not Formally Rated [Member]
Loans by risk rating	38,134,000	19,350,000
Consumer Portfolio Segment [Member]
Loans by risk rating	38,134,000	19,350,000
Pass [Member]
Loans by risk rating	162,139,000	111,542,000
Special Mention [Member]
Loans by risk rating	7,153,000	2,348,000
Substandard [Member]
Loans by risk rating	4,474,000	6,836,000
Not Formally Rated [Member]
Loans by risk rating	221,075,000	204,665,000
Loans by risk rating	$ 394,841,000	$ 325,391,000

Note 7 - Loan Information - Age

Note 7 - Loan Information - Age Analysis of Past Due Loans (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member]
Past Due	$ 0	$ 0
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Municipal Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction and Land Development Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Home Equity Portfolio Segment [Member]
Past Due	100,000	35,000
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past Due	40,000	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Municipal Non Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Past Due	88,000	47,000
Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due	228,000	82,000
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member]
Past Due	382,000	1,062,000
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Municipal Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction and Land Development Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Home Equity Portfolio Segment [Member]
Past Due	80,000	84,000
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Municipal Non Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Past Due	16,000	7,000
Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due	478,000	1,153,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member]
Past Due	1,132,000	594,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Past Due	1,017,000	1,668,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Municipal Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction and Land Development Real Estate Portfolio Segment [Member]
Past Due	222,000	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Home Equity Portfolio Segment [Member]
Past Due	71,000	178,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Past Due	300,000	363,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Municipal Non Real Estate Portfolio Segment [Member]
Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Past Due	30,000	5,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past Due	2,772,000	2,808,000
Residential Portfolio Segment [Member]
Past Due	1,514,000	1,656,000
Total Current	135,143,000	136,972,000
Loans and Leases Receivable, Gross	136,657,000	138,628,000
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	1,268,000	1,086,000
Commercial Real Estate Portfolio Segment [Member]
Past Due	1,017,000	1,668,000
Total Current	81,577,000	60,450,000
Loans and Leases Receivable, Gross	82,594,000	62,118,000
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	1,017,000	2,285,000
Municipal Real Estate Portfolio Segment [Member]
Past Due	0	0
Total Current	8,566,000	8,629,000
Loans and Leases Receivable, Gross	8,566,000	8,629,000
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	0
Construction and Land Development Real Estate Portfolio Segment [Member]
Past Due	222,000	0
Total Current	16,388,000	10,070,000
Loans and Leases Receivable, Gross	16,610,000	10,070,000
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	222,000	0
Home Equity Portfolio Segment [Member]
Past Due	251,000	297,000
Total Current	47,523,000	47,384,000
Loans and Leases Receivable, Gross	47,774,000	47,681,000
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	222,000	340,000
Commercial Portfolio Segment [Member]
Past Due	340,000	363,000
Total Current	59,588,000	34,942,000
Loans and Leases Receivable, Gross	59,928,000	35,305,000
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	300,000	363,000
Municipal Non Real Estate Portfolio Segment [Member]
Past Due	0	0
Total Current	4,578,000	3,610,000
Loans and Leases Receivable, Gross	4,578,000	3,610,000
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	0	0
Consumer Portfolio Segment [Member]
Past Due	134,000	59,000
Total Current	38,000,000	19,291,000
Loans and Leases Receivable, Gross	38,134,000	19,350,000
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	31,000	5,000
Past Due	3,478,000	4,043,000
Total Current	391,363,000	321,348,000
Loans and Leases Receivable, Gross	394,841,000	325,391,000
90 Days or More Past Due and Accruing	0	0
Nonaccrual Loans	$ 3,060,000	$ 4,079,000

Note 7 - Loan Information - Imp

Note 7 - Loan Information - Impaired Loans (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Residential Portfolio Segment [Member]
Recorded investment with no allowance	$ 0	$ 0
Unpaid principal balance with no allowance	0	0
Average recorded investment with no allowance	0	0
Interest income recognized with no allowance	0	0
Recorded investment with an allowance	0	0
Unpaid principal balance with allowance	0	0
Related allowance	0	0
Average recorded investment with allowance	0	0
Interest income recognized with allowance	0	0
Recorded investment	0	0
Unpaid principal balance	0	0
Average recorded investment	0	0
Interest income recognized	0	0
Commercial Real Estate Portfolio Segment [Member]
Recorded investment with no allowance	1,017,000	2,285,000
Unpaid principal balance with no allowance	1,017,000	2,285,000
Average recorded investment with no allowance	1,082,000	2,358,000
Interest income recognized with no allowance	0	77,000
Recorded investment with an allowance	0	0
Unpaid principal balance with allowance	0	0
Related allowance	0	0
Average recorded investment with allowance	0	0
Interest income recognized with allowance	0	0
Recorded investment	1,017,000	2,285,000
Unpaid principal balance	1,017,000	2,285,000
Average recorded investment	1,082,000	2,358,000
Interest income recognized	0	77,000
Construction and Land Development Real Estate Portfolio Segment [Member]
Recorded investment with no allowance	222,000	0
Unpaid principal balance with no allowance	222,000	0
Average recorded investment with no allowance	222,000	0
Interest income recognized with no allowance	4,000	0
Recorded investment with an allowance	0	0
Unpaid principal balance with allowance	0	0
Related allowance	0	0
Average recorded investment with allowance	0	0
Interest income recognized with allowance	0	0
Recorded investment	222,000	0
Unpaid principal balance	222,000	0
Average recorded investment	222,000	0
Interest income recognized	4,000	0
Home Equity Portfolio Segment [Member]
Recorded investment with no allowance	0	0
Unpaid principal balance with no allowance	0	0
Average recorded investment with no allowance	0	0
Interest income recognized with no allowance	0	0
Recorded investment with an allowance	0	0
Unpaid principal balance with allowance	0	0
Related allowance	0	0
Average recorded investment with allowance	0	0
Interest income recognized with allowance	0	0
Recorded investment	0	0
Unpaid principal balance	0	0
Average recorded investment	0	0
Interest income recognized	0	0
Commercial Portfolio Segment [Member]
Recorded investment with no allowance	0	0
Unpaid principal balance with no allowance	0	0
Average recorded investment with no allowance	0	0
Interest income recognized with no allowance	0	0
Recorded investment with an allowance	300,000	363,000
Unpaid principal balance with allowance	300,000	363,000
Related allowance	2,000	2,000
Average recorded investment with allowance	332,000	404,000
Interest income recognized with allowance	0	0
Recorded investment	300,000	363,000
Unpaid principal balance	300,000	363,000
Average recorded investment	332,000	404,000
Interest income recognized	0	0
Recorded investment with no allowance	1,239,000	2,285,000
Unpaid principal balance with no allowance	1,239,000	2,285,000
Average recorded investment with no allowance	1,304,000	2,358,000
Interest income recognized with no allowance	4,000	77,000
Recorded investment with an allowance	300,000	363,000
Unpaid principal balance with allowance	300,000	363,000
Related allowance	2,000	2,000
Average recorded investment with allowance	332,000	404,000
Interest income recognized with allowance	0	0
Recorded investment	1,539,000	2,648,000
Unpaid principal balance	1,539,000	2,648,000
Average recorded investment	1,636,000	2,762,000
Interest income recognized	$ 4,000	$ 77,000

Note 8 - Securities Sold Unde37

Note 8 - Securities Sold Under Agreements to Repurchase (Details Textual)	9 Months Ended
	Sep. 30, 2016
Repurchase Agreements Maturity	90 days

Note 9 - Other Comprehensive (L

Note 9 - Other Comprehensive (Loss) Income - Reclassification of Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net change in unrealized holding gain/loss on securities available-for-sale		$ (186)	$ 672	$ 1,270	$ 381
Reclassification adjustment for realized gains in net income (1)	[1]	(23)	(26)	(93)	(93)
Other comprehensive (loss) income before tax		(209)	646	1,177	288
Income tax benefit (expense)		72	(220)	(401)	(98)
Other comprehensive income (loss), net of tax		$ (137)	$ 426	$ 776	$ 190
[1]	Reclassification adjustments are comprised of realized security gains and losses. The gains and losses have been reclassified out of accumulated other comprehensive income and have affected certain lines in the consolidated statements of income as follows: the pre-tax amount is included in gain on sales of available-for-sale securities, net, the tax expense amount is included in income tax provision and the after tax amount is included in net income.