Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Oct. 31, 2017 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 | |
Entity Registrant Name | Howard Bancorp Inc | |
Entity Central Index Key | 1,390,162 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Trading Symbol | HBMD | |
Entity Common Stock, Shares Outstanding | 9,814,892 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
ASSETS | ||
Cash and due from banks | $ 50,715 | $ 29,675 |
Federal funds sold | 495 | 9,691 |
Total cash and cash equivalents | 51,210 | 39,366 |
Interest bearing deposits with banks | 494 | 19,513 |
Securities available for sale, at fair value | 67,883 | 38,728 |
Securities held to maturity, at amortized cost | 9,250 | 6,250 |
Nonmarketable equity securities | 5,982 | 5,103 |
Loans held for sale, at fair value | 52,683 | 51,054 |
Loans and leases, net of unearned income | 892,213 | 821,524 |
Allowance for credit losses | (5,661) | (6,428) |
Net loans and leases | 886,552 | 815,096 |
Bank premises and equipment, net | 19,556 | 20,080 |
Goodwill | 603 | 603 |
Core deposit intangible | 1,849 | 2,248 |
Bank owned life insurance | 28,427 | 21,371 |
Other real estate owned | 2,133 | 2,350 |
Interest receivable and other assets | 5,911 | 5,195 |
Total assets | 1,132,533 | 1,026,957 |
LIABILITIES | ||
Noninterest-bearing deposits | 212,519 | 182,880 |
Interest-bearing deposits | 649,566 | 625,854 |
Total deposits | 862,085 | 808,734 |
Short-term borrowings | 128,471 | 107,056 |
Long-term borrowings | 6,552 | 20,517 |
Deferred tax liability | 464 | 360 |
Accrued expenses and other liabilities | 4,648 | 4,500 |
Total liabilities | 1,002,220 | 941,167 |
COMMITMENTS AND CONTINGENCIES | ||
STOCKHOLDERS' EQUITY | ||
Common stock - par value of $0.01 authorized 20,000,000 shares; issued and outstanding 9,811,992 shares at September 30, 2017 and 6,991,072 at December 31, 2016 | 98 | 70 |
Capital surplus | 110,183 | 71,021 |
Retained earnings | 20,166 | 14,849 |
Accumulated other comprehensive loss | (134) | (150) |
Total stockholders’ equity | 130,313 | 85,790 |
Total liabilities and stockholders’ equity | $ 1,132,533 | $ 1,026,957 |
Consolidated Balance Sheets _Pa
Consolidated Balance Sheets [Parenthetical] - $ / shares | Sep. 30, 2017 | Dec. 31, 2016 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 9,811,992 | 6,991,072 |
Common stock, shares outstanding | 9,811,992 | 6,991,072 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
INTEREST INCOME | ||||
Interest and fees on loans and leases | $ 10,632 | $ 9,599 | $ 30,374 | $ 28,398 |
Interest and dividends on securities | 367 | 191 | 993 | 493 |
Other interest income | 113 | 34 | 321 | 98 |
Total interest income | 11,112 | 9,824 | 31,688 | 28,989 |
INTEREST EXPENSE | ||||
Deposits | 1,053 | 891 | 2,878 | 2,558 |
Short-term borrowings | 238 | 169 | 574 | 380 |
Long-term borrowings | 66 | 116 | 233 | 385 |
Total interest expense | 1,357 | 1,176 | 3,685 | 3,323 |
NET INTEREST INCOME | 9,755 | 8,648 | 28,003 | 25,666 |
Provision for credit losses | 491 | 402 | 1,031 | 1,302 |
Net interest income after provision for credit losses | 9,264 | 8,246 | 26,972 | 24,364 |
NONINTEREST INCOME | ||||
Service charges on deposit accounts | 213 | 178 | 667 | 501 |
Realized and unrealized gains on mortgage banking activity | 2,730 | 2,847 | 8,698 | 6,984 |
Gain (loss) on the sale of portfolio loans | 227 | (40) | 48 | 612 |
Loss on the disposal of furniture, fixtures & equipment | 0 | (1) | 0 | (70) |
Income from bank owned life insurance | 210 | 156 | 555 | 461 |
Loan fee income | 1,469 | 997 | 4,142 | 2,631 |
Other operating income | 255 | 247 | 745 | 687 |
Total noninterest income | 5,104 | 4,384 | 14,855 | 11,806 |
NONINTEREST EXPENSE | ||||
Compensation and benefits | 5,972 | 4,927 | 17,592 | 14,381 |
Occupancy and equipment | 1,025 | 1,062 | 3,121 | 3,625 |
Amortization of core deposit intangible | 128 | 166 | 399 | 519 |
Marketing and business development | 991 | 864 | 3,117 | 2,475 |
Professional fees | 606 | 669 | 1,446 | 1,692 |
Data processing fees | 565 | 524 | 1,521 | 1,273 |
Merger and restructuring expense | 378 | 0 | 378 | 0 |
FDIC Assessment | 180 | 199 | 473 | 604 |
Other real estate owned expense | 32 | 43 | 149 | 165 |
Loan production expense | 952 | 717 | 2,832 | 2,295 |
Other operating expense | 808 | 709 | 2,324 | 2,388 |
Total noninterest expense | 11,637 | 9,880 | 33,352 | 29,417 |
INCOME BEFORE INCOME TAXES | 2,731 | 2,750 | 8,475 | 6,753 |
Income tax expense | 1,018 | 1,002 | 3,158 | 2,404 |
NET INCOME | 1,713 | 1,748 | 5,317 | 4,349 |
Preferred stock dividends | 0 | 0 | 0 | 166 |
Net income available to common stockholders | $ 1,713 | $ 1,748 | $ 5,317 | $ 4,183 |
NET INCOME PER COMMON SHARE | ||||
Basic (in dollars per share) | $ 0.17 | $ 0.25 | $ 0.56 | $ 0.6 |
Diluted (in dollars per share) | $ 0.17 | $ 0.25 | $ 0.56 | $ 0.59 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Net Income | $ 1,713 | $ 1,748 | $ 5,317 | $ 4,349 |
Other comprehensive income Investments available-for-sale: | ||||
Unrealized holding gains (losses) | (25) | 6 | 23 | 94 |
Related income tax (expense) benefit | 10 | (4) | (7) | (33) |
Comprehensive income | $ 1,698 | $ 1,750 | $ 5,333 | $ 4,410 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Total | Preferred stock [Member] | Common stock [Member] | Capital surplus [Member] | Retained earnings [Member] | Accumulated other comprehensive income/(loss) [Member] |
Balance at Dec. 31, 2015 | $ 92,899 | $ 12,562 | $ 70 | $ 70,587 | $ 9,712 | $ (32) |
Balance (in shares) at Dec. 31, 2015 | 6,962,139 | |||||
Net income | 4,349 | 0 | $ 0 | 0 | 4,349 | 0 |
Net unrealized gain on securities | 61 | 0 | 0 | 0 | 0 | 61 |
Dividends paid on preferred stock | (166) | 0 | 0 | 0 | (166) | 0 |
Redemption of preferred stock | (12,562) | (12,562) | $ 0 | 0 | 0 | 0 |
Redemption of preferred stock (in shares) | 0 | |||||
Issuance of common stock: | ||||||
Director stock awards | 72 | 0 | $ 0 | 72 | 0 | 0 |
Director stock awards (in shares) | 5,629 | |||||
Exercise of options | 19 | 0 | $ 0 | 19 | 0 | 0 |
Exercise of options (in shares) | 1,740 | |||||
Stock-based compensation | 219 | 0 | $ 0 | 219 | 0 | 0 |
Stock-based compensation (in shares) | 18,672 | |||||
Balance at Sep. 30, 2016 | 84,891 | 0 | $ 70 | 70,897 | 13,895 | 29 |
Balance (in shares) at Sep. 30, 2016 | 6,988,180 | |||||
Balance at Dec. 31, 2016 | 85,790 | 0 | $ 70 | 71,021 | 14,849 | (150) |
Balance (in shares) at Dec. 31, 2016 | 6,991,072 | |||||
Net income | 5,317 | 0 | $ 0 | 0 | 5,317 | 0 |
Net unrealized gain on securities | 16 | 0 | 0 | 0 | 0 | 16 |
Issuance of common stock: | ||||||
Common stock offering | 38,383 | 0 | $ 28 | 38,355 | 0 | 0 |
Common Stock offering (in shares) | 2,760,000 | |||||
Director stock awards | 205 | 0 | $ 0 | 205 | 0 | 0 |
Director stock awards (in shares) | 11,404 | |||||
Exercise of options | 240 | 0 | $ 0 | 240 | 0 | 0 |
Exercise of options (in shares) | 20,179 | |||||
Stock-based compensation | 362 | 0 | $ 0 | 362 | 0 | 0 |
Stock-based compensation (in shares) | 29,337 | |||||
Balance at Sep. 30, 2017 | $ 130,313 | $ 0 | $ 98 | $ 110,183 | $ 20,166 | $ (134) |
Balance (in shares) at Sep. 30, 2017 | 9,811,992 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $ 5,317 | $ 4,349 |
Adjustments to reconcile net income to net cash from operating activities: | ||
Provision for credit losses | 1,031 | 1,302 |
Deferred income tax (benefit) | 153 | (241) |
Provision for other real estate owned | 99 | 83 |
Depreciation | 974 | 927 |
Stock-based compensation | 567 | 291 |
Net accretion (amortization) of investment securities | 61 | (8) |
Net amortization of discount on purchased loans | (466) | (592) |
Loss on disposal of furniture, fixtures & equipment | 0 | 70 |
Net amortization of intangible asset | 399 | 519 |
Loans originated for sale | (495,805) | (418,828) |
Proceeds from sale of loans originated for sale | 502,874 | 429,148 |
Realized and unrealized gains on mortgage banking activity | (8,698) | (6,984) |
Gain on sales of other real estate owned, net | (19) | 0 |
Gain on sales of portfolio loans, net | (48) | (612) |
Cash surrender value of BOLI | (555) | (461) |
Increase in interest receivable | (344) | (253) |
Increase in interest payable | 152 | 19 |
Increase in other assets | (1,253) | (270) |
Decrease in other liabilities | (59) | (1,202) |
Net cash provided by operating activities | 4,380 | 7,257 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Purchase of interest bearing deposits with banks | 0 | (19,513) |
Proceeds from maturities of interest bearing deposits with banks | 19,019 | 0 |
Purchases of investment securities available-for-sale | (46,714) | (65,569) |
Purchases of investment securities held-to-maturity | (3,000) | (6,250) |
Proceeds from sale/maturities of investment securities available-for-sale | 17,520 | 77,526 |
Net increase in loans and leases outstanding | (75,732) | (53,017) |
Purchase of bank owned life insurance | (6,500) | (2,200) |
Proceeds from the sale of other real estate owned | 139 | 0 |
Proceeds from the sale of portfolio loans | 3,759 | 3,090 |
Purchase of premises and equipment | (450) | (520) |
Net cash used in investing activities | (91,959) | (66,453) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net increase in deposits | 53,351 | 56,365 |
Net increase in short-term borrowings | 21,414 | 11,580 |
Proceeds from issuance of long-term debt | 12 | 21,498 |
Repayment of long-term debt | (13,977) | (12,000) |
Net proceeds from issuance of common stock, net of cost | 38,623 | 19 |
Redemption of preferred stock | 0 | (12,562) |
Cash dividends on preferred stock | 0 | (166) |
Net cash provided by financing activities | 99,423 | 64,734 |
Net increase in cash and cash equivalents | 11,844 | 5,538 |
Cash and cash equivalents at beginning of period | 39,366 | 38,340 |
Cash and cash equivalents at end of period | 51,210 | 43,878 |
SUPPLEMENTAL INFORMATION | ||
Cash payments for interest | 3,533 | 3,304 |
Cash payments for income taxes | 2,230 | 925 |
Transferred from loans to other real estate owned | $ 0 | $ 256 |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] | Note 1: Summary of Significant Accounting Policies On December 15, 2005, Howard Bancorp, Inc. (“Bancorp”) acquired all of the stock and became the holding company of Howard Bank (the “Bank”) pursuant to the Plan of Reorganization approved by the stockholders of the Bank and by federal and state regulatory agencies. Each share of the Bank’s common stock was converted into two shares of Bancorp common stock effected by the filing of Articles of Exchange on that date, and the stockholders of the Bank became the stockholders of Bancorp. The Bank has seven subsidiaries, six of which are intended to hold foreclosed real estate (three of which are inactive) and the other owns and manages real estate that is used as a branch location and has office and retail space. The accompanying consolidated financial statements of Bancorp and its wholly-owned subsidiary bank (collectively the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Bancorp was incorporated in April of 2005 under the laws of the State of Maryland and is a bank holding company registered under the Bank Holding Company Act of 1956. Bancorp is a single bank holding company with one subsidiary, Howard Bank, which operates as a state trust company with commercial banking powers regulated by the Maryland Office of the Commissioner of Financial Regulation (the “Commissioner”). On May 6, 2016, Bancorp redeemed all of the 12,562 12.7 with interest only payments based upon 30 day LIBOR plus 300 basis points. On February 1, 2017, Bancorp closed an underwritten public offering, including the exercise in full by the underwriters of their option to purchase an additional 360,000 15.00 2,760,000 41.4 On August 14, 2017, Bancorp entered into an Agreement and Plan of Reorganization with the Bank and First Mariner Bank, a Maryland chartered trust company (“First Mariner”), providing for, among other things, the merger of First Mariner with and into the Bank (the “Merger”). Under the terms of the agreement, the total transaction is valued at approximately $ 163.4 16.85 1.6624 The Company is a diversified financial services company providing commercial banking, mortgage banking and consumer finance through banking branches, the internet and other distribution channels to businesses, business owners, professionals and other consumers located primarily in the Greater Baltimore Metropolitan Area. The following is a description of the Company’s significant accounting policies. The consolidated financial statements include the accounts of Bancorp, its subsidiary bank and the Bank’s subsidiaries. All significant intercompany accounts and transactions have been eliminated. The parent company only financial statements report investments in the subsidiary bank under the equity method. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near-term relate to the determination of the allowance for credit losses, other-than-temporary impairment of investment securities, and the fair value of loans held for sale. The Company engages in sales of residential mortgage loans originated by the Bank. The Company has elected to measure loans held for sale at fair value. Fair value is based on outstanding investor commitments or, in the absence of such commitments, on current investor yield requirements based on third party models. Gains and losses on sales of these loans are recorded as a component of noninterest income in the Consolidated Statements of Operations. The Company’s current practice is to sell residential mortgage loans on a servicing released basis, and, therefore, it has no intangible asset recorded for the value of such servicing. Interest on loans held for sale is credited to income based on the principal amounts outstanding. Upon sale and delivery, loans are legally isolated from the Company and the Company has no ability to restrict or constrain the ability of third party investors to pledge or exchange the mortgage loans. The Company does not have the entitlement or ability to repurchase the mortgage loans or unilaterally cause third party investors to put the mortgage loans back to the Company. Unrealized and realized gains on loan sales are determined using the specific identification method and are recognized through mortgage banking activity in the Consolidated Statements of Operations. The Company enters into commitments to originate residential mortgage loans whereby the interest rate on the loan is determined prior to funding (i.e. rate lock commitment). Such rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 15 to 60 days. The Company protects itself from changes in interest rates through the use of best efforts forward delivery commitments, whereby the Company commits to sell a loan at a premium at the time the borrower commits to an interest rate with the intent that the buyer has assumed interest rate risk on the loan. For purposes of calculating fair value of rate lock commitments, the Bank estimates loan closing and investor delivery rate based on historical experience. The measurement of the estimated fair value of the rate lock commitments is presented as realized and unrealized gains from mortgage banking activities with the corresponding balance sheet amount presented as part of other assets. The Company has elected to measure loans held for sale at fair value to better align reported results with the underlying economic changes in value of the loans on the Company’s balance sheet. Loans held for sale that are not ultimately sold, but instead are placed into the Bank’s portfolio, are reclassified as loans held for investment and continue to be recorded at fair value. The Financial Accounting Standards Board (the “FASB”) has issued Accounting Standards Update (“ASU”) 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The FASB has issued ASU 2016-13, Financial InstrumentsCredit Losses (Topic 326). The FASB has issued ASU 2016-09, CompensationStock Compensation (Topic 718). The FASB has issued ASU 2016-02, Leases (Topic 842). 9.7 The FASB has issued ASU No. 2016-01, Financial Instruments Recognition and Measurement of Financial Assets and Liabilities The FASB has issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) |
Investment Securities
Investment Securities | 9 Months Ended |
Sep. 30, 2017 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Equity Method Investments Disclosure [Text Block] | Note 2: Investment Securities The Company holds securities classified as available for sale and held to maturity. The amortized cost and estimated fair values of investment securities are as follows: (in thousands) September 30, 2017 December 31, 2016 Gross Gross Gross Gross Amortized Unrealized Unrealized Estimated Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value Cost Gains Losses Fair Value Available for sale U.S. Government Agencies $ 63,183 $ 3 $ 148 $ 63,038 $ 34,584 $ 5 $ 126 $ 34,463 Treasuries 1,507 - 9 1,498 1,512 - 8 1,504 Mortgage-backed 1,336 1 37 1,300 1,366 1 69 1,298 Other investments 2,068 - 21 2,047 1,500 - 37 1,463 $ 68,094 $ 4 $ 215 $ 67,883 $ 38,962 $ 6 $ 240 $ 38,728 Held to maturity Corporate debentures $ 9,250 $ 95 $ - $ 9,345 $ 6,250 $ 334 $ - $ 6,584 Gross unrealized losses and fair value by investment category and length of time the individual securities have been in a continuous unrealized loss position at September 30, 2017 and December 31, 2016 are presented below: September 30, 2017 (in thousands) Less than 12 months 12 months or more Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Available for sale U.S. Government Agencies $ 51,559 $ 110 $ 3,486 $ 38 $ 55,045 $ 148 Treasuries 1,498 9 - - 1,498 9 Mortgage-backed 1,282 37 - - 1,282 37 Other investments 2,000 21 - - 2,000 21 $ 56,339 $ 177 $ 3,486 $ 38 $ 59,825 $ 215 December 31, 2016 (in thousands) Less than 12 months 12 months or more Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Available for sale U.S. Government Agencies $ 17,492 $ 126 $ - $ - $ 17,492 $ 126 Treasuries 1,501 8 - - 1,501 8 Mortgage-backed 1,273 69 - - 1,273 69 Other investments 1,463 37 - - 1,463 37 $ 21,729 $ 240 $ - $ - $ 21,729 $ 240 The unrealized losses that existed were a result of market changes in interest rates since the original purchase. Management systematically evaluates investment securities for other-than-temporary declines in fair value on a quarterly basis. This analysis requires management to consider various factors, which include the (1) duration and magnitude of the decline in value, (2) financial condition of the issuer or issuers and (3) structure of the security. The portfolio contained 33 securities with unrealized losses and 12 securities with unrealized losses at September 30, 2017 and December 31, 2016, respectively. An impairment loss is recognized in earnings if any of the following are true: (1) the Company intends to sell the debt security; (2) it is more likely than not that the Company will be required to sell the security before recovery of its amortized cost basis; or (3) the Company does not expect to recover the entire amortized cost basis of the security. In situations where the Company intends to sell or when it is more likely than not that the Company will be required to sell the security, the entire impairment loss must be recognized in earnings. In all other situations, only the portion of the impairment loss representing the credit loss must be recognized in earnings, with the remaining portion being recognized in stockholders’ equity as a component of other comprehensive income, net of deferred tax. The amortized cost and estimated fair values of investment securities by contractual maturity are shown below: (in thousands) September 30, 2017 December 31, 2016 Amortized Estimated Fair Amortized Estimated Fair Cost Value Cost Value Amounts maturing: One year or less $ 28,169 $ 28,152 $ 16,988 $ 16,993 After one through five years 36,530 36,394 19,120 18,985 After five through ten years 9,258 9,353 6,262 6,596 After ten years 3,387 3,329 2,842 2,738 $ 77,344 $ 77,228 $ 45,212 $ 45,312 At September 30, 2017 and December 31, 2016, $ 31.2 26.8 |
Loans and Leases
Loans and Leases | 9 Months Ended |
Sep. 30, 2017 | |
Receivables [Abstract] | |
Financing Receivables [Text Block] | Note 3: Loans and Leases The Company originates loans and leases to customers primarily in the Greater Baltimore Maryland metropolitan area and surrounding communities. A substantial portion of the Company’s loan portfolio consists of loans to businesses secured by real estate and/or other business assets. September 30, % of December 31, % of (in thousands) 2017 Total 2016 Total Real estate Construction and land $ 79,064 8.9 % $ 72,973 8.9 % Residential - first lien 199,674 22.4 195,032 23.7 Residential - junior lien 41,023 4.6 35,009 4.3 Total residential real estate 240,697 27.0 230,041 28.0 Commercial - owner occupied 155,958 17.4 134,213 16.3 Commercial - non-owner occupied 228,095 25.6 216,781 26.4 Total commercial real estate 384,053 43.0 350,994 42.7 Total real estate loans 703,814 78.9 654,008 79.6 Commercial loans and leases 183,979 20.6 162,715 19.8 Consumer 4,420 0.5 4,801 0.6 Total loans $ 892,213 100.0 % $ 821,524 100.0 % Acquired Impaired Loans (in thousands) September 30, 2017 September 30, 2016 Balance at beginning of period $ 60 $ 335 Accretion of fair value discounts (60) (239) Balance at end of period $ - $ 96 Contractually Required Payments Carrying (in thousands) Receivable Amount At September 30, 2017 $ 1,307 $ 862 At December 31, 2016 1,695 1,023 At September 30, 2016 1,741 1,023 At December 31, 2015 3,105 1,708 |
Credit Quality Assessment
Credit Quality Assessment | 9 Months Ended |
Sep. 30, 2017 | |
Receivables [Abstract] | |
Allowance for Credit Losses [Text Block] | Note 4: Credit Quality Assessment Allowance for Credit Losses September 30, 2017 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Allowance for credit losses: Nine months ended: Beginning balance $ 511 $ 454 $ 89 $ 327 $ 1,120 $ 3,800 $ 127 $ 6,428 Charge-offs - (132) (31) - - (1,605) (108) (1,876) Recoveries - - 1 - 5 43 29 78 Provision for credit losses 146 222 58 103 328 130 44 1,031 Ending balance $ 657 $ 544 $ 117 $ 430 $ 1,453 $ 2,368 $ 92 $ 5,661 Three months ended: Beginning balance $ 562 $ 543 $ 111 $ 401 $ 1,176 $ 2,490 $ 102 $ 5,385 Charge-offs - - - - - (239) - (239) Recoveries - - - - 2 15 7 24 Provision for credit losses 95 1 6 29 275 102 (17) 491 Ending balance $ 657 $ 544 $ 117 $ 430 $ 1,453 $ 2,368 $ 92 $ 5,661 September 30, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Allowance for credit losses: Nine months ended: Beginning balance $ 265 $ 300 $ 47 $ 309 $ 728 $ 3,094 $ 126 $ 4,869 Charge-offs (216) - - (191) - (233) (15) (655) Recoveries - - - 40 4 45 29 118 Provision for credit losses 531 150 40 175 373 18 15 1,302 Ending balance $ 580 $ 450 $ 87 $ 333 $ 1,105 $ 2,924 $ 155 $ 5,634 Three months ended: Beginning balance $ 448 $ 365 $ 70 $ 578 $ 841 $ 3,283 $ 159 $ 5,744 Charge-offs (216) - - (191) - (167) (4) (578) Recoveries - - - 40 1 19 6 66 Provision for credit losses 348 85 17 (94) 263 (211) (6) 402 Ending balance $ 580 $ 450 $ 87 $ 333 $ 1,105 $ 2,924 $ 155 $ 5,634 The following table provides additional information on the allowance for credit losses at September 30, 2017 and December 31, 2016: September 30, 2017 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Allowance allocated to: individually evaluated for impairment $ 182 $ 2 $ - $ 251 $ 30 $ 453 $ - $ 918 collectively evaluated for impairment 475 542 117 179 1,423 1,915 92 4,743 Loans: Ending balance $ 79,064 $ 199,674 $ 41,023 $ 155,958 $ 228,095 $ 183,979 $ 4,420 $ 892,213 individually evaluated for impairment 1,049 1,929 6 949 5,910 3,258 - 13,101 collectively evaluated for impairment 78,015 197,745 41,017 155,009 222,185 180,721 4,420 879,112 December 31, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Allowance allocated to: individually evaluated for impairment $ - $ 7 $ - $ - $ - $ 2,076 $ 72 $ 2,155 collectively evaluated for impairment 511 447 89 327 1,120 1,724 55 4,273 Loans: Ending balance $ 72,973 $ 195,032 $ 35,009 $ 134,213 $ 216,781 $ 162,715 $ 4,801 $ 821,524 individually evaluated for impairment 125 785 37 509 3,148 5,142 167 9,913 collectively evaluated for impairment 72,848 194,247 34,972 133,704 213,633 157,573 4,634 811,611 When potential losses are identified, a specific provision and/or charge-off may be taken, based on the then current likelihood of repayment, that is at least in the amount of the collateral deficiency, and any potential collection costs, as determined by the independent third party appraisal. All loans that are considered impaired are subject to the completion of an impairment analysis. This analysis highlights any potential collateral deficiencies. A specific amount of impairment is established based on the Bank’s calculation of the probable loss inherent in the individual loan. The actual occurrence and severity of losses involving impaired credits can differ substantially from estimates. September 30, 2017 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Credit quality indicators: Not classified $ 78,139 $ 197,753 $ 41,018 $ 155,009 $ 222,096 $ 180,034 $ 4,420 $ 878,469 Special mention - - - - - - - - Substandard - 1,543 5 508 3,750 2,820 - 8,626 Doubtful 925 378 - 441 2,249 1,125 - 5,118 Total $ 79,064 $ 199,674 $ 41,023 $ 155,958 $ 228,095 $ 183,979 $ 4,420 $ 892,213 December 31, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Credit quality indicators: Not classified $ 72,973 $ 193,748 $ 34,972 $ 133,704 $ 212,765 $ 157,567 $ 4,634 $ 810,363 Special mention - - - - - 524 - 524 Substandard - 793 - - 2,941 - - 3,734 Doubtful - 491 37 509 1,075 4,624 167 6,903 Total $ 72,973 $ 195,032 $ 35,009 $ 134,213 $ 216,781 $ 162,715 $ 4,801 $ 821,524 · Special Mention - A Special Mention asset has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the institution’s credit position at some future date. Special Mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. · Substandard - Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. · Doubtful - Loans classified Doubtful have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions and values, highly questionable and improbable. Loans classified Special Mention, Substandard, Doubtful or Loss are reviewed at least quarterly to determine their appropriate classification. All commercial loan relationships are reviewed annually. Non-classified residential mortgage loans and consumer loans are not evaluated unless a specific event occurs to raise the awareness of possible credit deterioration. September 30, 2017 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Analysis of past due loans: Accruing loans current $ 78,139 $ 196,581 $ 40,968 $ 154,820 $ 220,290 $ 180,251 $ 4,420 $ 875,469 Accruing loans past due: 31-59 days past due - 753 - 58 303 96 - 1,210 60-89 days past due - 586 50 131 - 692 - 1,459 Greater than 90 days past due - 114 - - 1,592 128 - 1,834 Total past due - 1,453 50 189 1,895 916 - 4,503 Non-accrual loans 925 1,640 5 949 5,910 2,812 - 12,241 Total loans $ 79,064 $ 199,674 $ 41,023 $ 155,958 $ 228,095 $ 183,979 $ 4,420 $ 892,213 December 31, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Analysis of past due loans: Accruing loans current $ 72,775 $ 191,216 $ 34,634 $ 133,638 $ 212,537 $ 157,464 $ 4,631 $ 806,895 Accruing loans past due: 31-59 days past due - 2,653 334 66 466 593 1 4,113 60-89 days past due 197 374 4 - - 34 1 610 Greater than 90 days past due 1 298 - - 2,703 - 1 3,003 Total past due 198 3,325 338 66 3,169 627 3 7,726 Non-accrual loans - 491 37 509 1,075 4,624 167 6,903 Total loans $ 72,973 $ 195,032 $ 35,009 $ 134,213 $ 216,781 $ 162,715 $ 4,801 $ 821,524 Total loans either in non-accrual status or in excess of 90 days delinquent and still accruing totaled $ 14.1 1.6 9.9 1.2 September 30, 2017 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) & land first lien junior lien occupied occupied and leases loans Total Impaired loans: Recorded investment $ 1,049 $ 1,929 $ 6 $ 949 $ 5,910 $ 3,258 $ - $ 13,101 With an allowance recorded 931 206 - 446 2,249 1,547 - 5,379 With no related allowance recorded 118 1,723 6 503 3,661 1,711 - 7,722 Related allowance 182 2 - 251 30 453 - 918 Unpaid principal 1,055 1,969 6 955 5,927 4,817 - 14,729 Nine months ended: Average balance of impaired loans 1,047 2,014 6 965 5,966 5,513 - 15,511 Interest income recognized 26 28 - 14 108 96 - 272 Three months ended: Average balance of impaired loans 1,055 2,008 6 965 5,943 5,375 - 15,352 Interest income recognized 2 20 - 2 17 57 - 98 December 31, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) & land first lien junior lien occupied occupied and leases loans Total Impaired loans: Recorded investment $ 125 $ 785 $ 37 $ 509 $ 3,148 $ 5,142 $ 167 $ 9,913 With an allowance recorded - 214 - - - 3,477 140 3,831 With no related allowance recorded 125 571 37 509 3,148 1,665 27 6,082 Related allowance - 7 - - - 2,076 72 2,155 Unpaid principal 125 1,323 38 509 3,286 5,694 174 11,149 Average balance of impaired loans 378 835 38 536 3,452 6,455 176 11,870 Interest income recognized 4 29 - 24 47 234 1 339 September 30, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) & land first lien junior lien occupied occupied and leases loans Total Impaired loans: Nine months ended: Average balance of impaired loans $ 762 $ 801 $ 28 $ 992 $ 3,141 $ 5,519 $ 140 $ 11,383 Interest income recognized 9 23 - 24 29 207 - 292 Three months ended: Average balance of impaired loans $ 635 $ 793 $ 28 $ 965 $ 3,144 $ 5,346 $ 140 $ 11,051 Interest income recognized 7 9 - 15 21 45 - 97 Included in the total impaired loans above were non-accrual loans of $ 12.2 6.9 263 252 The following table outlines the acquired impaired loans at September 30, 2017 and December 31, 2016: September 30, 2017 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Acquired Impaired Loans: Substandard Contractual payment receivable $ - $ - $ - $ - $ 307 $ 984 $ - $ 1,291 Non-Accretable adjustment - - - - - 429 - 429 Cash flow expected - - - - 307 555 - 862 Accretable yield - - - - - - - - Loan receivable $ - $ - $ - $ - $ 307 $ 555 $ - $ 862 Doubtful Contractual payment receivable $ - $ - $ - $ - $ - $ 16 $ - $ 16 Non-Accretable adjustment - - - - - 16 - 16 Cash flow expected - - - - - - - - Accretable yield - - - - - - - - Loan receivable $ - $ - $ - $ - $ - $ - $ - $ - December 31, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Acquired Impaired Loans: Doubtful Contractual payment receivable $ - $ - $ - $ - $ 619 $ 1,075 $ - $ 1,694 Non-Accretable adjustment - - - - 125 485 - 610 Cash flow expected - - - - 494 590 - 1,084 Accretable yield - - - - 13 48 - 61 Loan receivable $ - $ - $ - $ - $ 481 $ 542 $ - $ 1,023 Loans may have their terms restructured (e.g., interest rates, loan maturity date, payment and amortization period, etc.) in circumstances that provide payment relief to a borrower experiencing financial difficulty. Such restructured loans are considered trouble debt restructured loans (“TDRs”) that may either be impaired loans that may either be in accruing status or non-accruing status. Non-accruing restructured loans may return to accruing status provided there is a sufficient period of payment performance in accordance with the restructure terms. Loans may be removed from the restructured category in the year subsequent to the restructuring if: a) the restructuring agreement specifies an interest rate equal to or greater than the rate that the creditor was willing to accept at the time of restructuring for a new loan with comparable risk; and b) the loan is not impaired based on the terms specified by the restructuring agreement. The following table outlines the TDRs at September 30, 2017 and December 31, 2016: September 30, 2017 Number Non-Accrual Number Accrual Total (dollars in thousands) of Loans Status of Loans Status TDRs Construction and land - $ - 1 $ 124 $ 124 Residential real estate - first lien 2 893 1 289 1,182 Commercial - non-owner occupied 2 2,839 - - 2,839 Commercial loans and leases 1 514 2 359 873 5 $ 4,246 4 $ 772 $ 5,018 December 31, 2016 Number Non-Accrual Number Accrual Total (dollars in thousands) of Loans Status of Loans Status TDRs Construction and land - $ - 1 $ 125 $ 125 Residential real estate - first lien 1 214 1 294 508 Commercial - non-owner occupied 1 594 1 2,073 2,667 Commercial loans and leases 1 913 1 183 1,096 Consumer 1 140 - - 140 4 $ 1,861 4 $ 2,675 $ 4,536 September 30, 2017 Not Performing Performing Related to Modified to Modified Total (in thousands) Allowance Terms Terms TDRs Construction and land Extension or other modification $ - $ - $ 124 $ 124 Residential real estate - first lien Extension or other modification 2 893 289 1,182 Commercial RE - non-owner occupied Rate modification - 2,839 - 2,839 Commercial loans Extension or other modification - - 214 214 Forbearance - 514 145 659 Total troubled debt restructure loans $ 2 $ 4,246 $ 772 $ 5,018 December 31, 2016 Not Performing Performing Related to Modified to Modified Total (in thousands) Allowance Terms Terms TDRs Construction and land Extension or other modification $ - $ - $ 125 $ 125 Residential real estate - first lien Extension or other modification 7 214 294 508 Commercial RE - non-owner occupied Rate modification - 594 2,073 2,667 Commercial loans Extension or other modification 913 913 183 1,096 Consumer Extension or other modification 72 140 - 140 Total troubled debt restructure loans $ 992 $ 1,861 $ 2,675 $ 4,536 At September 30, 2017 TDRs consisted of the following: · Two commercial loans for an aggregate amount of $ 359 · One land development loan in the amount of $ 125 · One residential first lien mortgage in the amount of $ 214 · A $ 913 · One residential first lien mortgage in the amount of $ 687 There were two new loans restructured during the nine months ended September 30, 2017, consisting of $214 thousand for one of the above commercial loans and the $687 thousand residential mortgage loan. As a part of the modification of the land development loan restructured during 2016, the Bank agreed to forgive $ 215 340 125 Performing TDRs were in compliance with their modified terms and there are no further commitments associated with these loans. During the nine months ended September 30, 2017 there were no TDRs that subsequently defaulted within twelve months of their modification dates. There was one consumer loan restructured in 2015 in the amount of $ 150 Management routinely evaluates other real estate owned (“OREO”) based upon periodic appraisals. For the nine months ended September 30, 2017 and 2016 there were additional allowances recorded of $ 99 83 19 302 |
Goodwill and Other Intangible A
Goodwill and Other Intangible Assets | 9 Months Ended |
Sep. 30, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible Assets Disclosure [Text Block] | Note 5: Goodwill and Other Intangible Assets Goodwill has an indefinite useful life and is evaluated for impairment annually or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. The Bank has one unit, which is the core banking operation. The table below shows goodwill balances at September 30, 2017 and December 31, 2016. (in thousands) Goodwill Banking $ 603 The gross carrying amount and accumulated amortization of other intangible assets are as follows: September 30, 2017 Weighted Gross Net Average Carrying Accumulated Carrying Remaining Life (in thousands) Amount Amortization Amount (Years) Amortizing intangible assets: Core deposit intangible $ 3,540 $ 1,691 $ 1,849 5.86 December 31, 2016 Weighted Gross Net Average Carrying Accumulated Carrying Remaining Life (in thousands) Amount Amortization Amount (Years) Amortizing intangible assets: Core deposit intangible $ 3,540 $ 1,292 $ 2,248 6.61 Estimated future amortization expense for amortizing intangibles for the years ending December 31, are as follows: (in thousands) 2017 $ 106 2018 396 2019 314 2020 269 2021 258 Thereafter 506 Total amortizing intangible assets $ 1,849 |
Deposits
Deposits | 9 Months Ended |
Sep. 30, 2017 | |
Banking and Thrift [Abstract] | |
Deposit Liabilities Disclosures [Text Block] | Note 6: Deposits The following table details the composition of deposits and the related percentage mix of total deposits, respectively, at the dates indicated: (dollars in thousands) September 30, 2017 December 31, 2016 % of % of Amount Total Amount Total Noninterest-bearing demand $ 212,519 25 % $ 182,880 23 % Interest-bearing checking 67,796 8 62,538 8 Money market accounts 275,619 32 247,858 31 Savings 53,168 6 50,495 6 Certificates of deposit $250,000 and over 11,046 1 12,495 1 Certificates of deposit under $250,000 241,937 28 252,468 31 Total deposits $ 862,085 100 % $ 808,734 100 % |
Stock Options and Stock Awards
Stock Options and Stock Awards | 9 Months Ended |
Sep. 30, 2017 | |
Stock Options Awards and Warrants [Abstract] | |
Stock Options Awards and Warrants [Text Block] | Note 7: Stock Options and Stock Awards The Company’s equity incentive plan provides for awards of nonqualified and incentive stock options as well as vested and non-vested common stock awards. Employee stock options can be granted with exercise prices at the fair market value (as defined within the plan) of the stock at the date of grant and with terms of up to ten years. Except as otherwise permitted in the plan, upon termination of employment for reasons other than retirement, permanent disability or death, the option exercise period is reduced or the options are canceled. Stock awards may also be granted to non-employee members of the Board of Directors as compensation for attendance and participation at meetings of the Board of Directors and meetings of the various committees of the Board. For the nine months ended September 30, 2017 and 2016, Bancorp issued 11,404 5,629 The fair value of the Company’s stock options granted as compensation is estimated on the measurement date, which, for the Company, is the date of grant. The fair value of stock options is calculated using the Black-Scholes option-pricing model under which the Company estimates expected market price volatility and expected term of the options based on historical data and other factors. There were no stock options granted during the first nine months of 2017 or the year ended December 31, 2016. The valuation of the Company’s restricted stock and restricted stock units is the closing price per share of Bancorp’s common stock on the date of grant. September 30, 2017 December 31, 2016 Weighted Weighted Average Average Exercise Exercise Shares Price Shares Price Balance at January 1, 123,593 $ 12.36 137,463 $ 12.30 Granted - - - - Exercised (20,179) 11.91 (3,020) 11.64 Forfeited (65,039) 13.95 (10,850) 11.77 Balance at period end 38,375 $ 9.92 123,593 $ 12.36 Exercisable at period end 38,375 $ 9.92 123,593 $ 12.36 Weighted average fair value of options granted during the year $ - $ - The cash received from the exercise of stock options during the nine months ended September 30, 2017 was $ 240 19 20.90 421 15.10 338 Restricted Stock In the second quarter of 2013, 50,000 30,000 20,000 December 31, 2016 Weighted Average Grant Date Shares Fair Value Balance at January 1, 8,330 $ 6.92 Granted - - Vested (8,330) 6.92 Forfeited - - Balance at period end - $ - At September 30, 2017, there were no restricted stock awards granted or outstanding, and all of the pre-tax compensation expense related to restricted stock awards has been recognized. Restricted Stock Units Restricted stock units (“RSUs”) are similar to restricted stock, except the recipient does not receive the stock immediately, but instead receives it according to a vesting plan and distribution schedule after achieving required performance milestones or upon remaining with the employer for a particular length of time. Each RSU that vests entitles the recipient to receive one share of Bancorp common stock on a specified issuance date. The recipient does not have any stockholder rights, including voting, dividend or liquidation rights, with respect to the shares underlying awarded RSUs until the recipient becomes the record holder of those shares. For the first nine months of 2017, 18,500 27,000 September 30, 2017 December 31, 2016 Weighted Weighted Average Average Grant Date Grant Date Shares Fair Value Shares Fair Value Balance at January 1, 65,491 $ 13.23 74,828 $ 13.21 Granted 18,500 17.41 27,000 12.91 Vested (30,170) 12.70 (17,838) 12.95 Forfeited - - (18,499) 12.96 Balance at period end 53,821 $ 14.96 65,491 $ 13.23 At September 30, 2017, based on RSU awards outstanding at that time, the total unrecognized pre-tax compensation expense related to unvested RSU awards was $ 609 Stock-Based Compensation Expense: Stock-based compensation is recognized as compensation cost in the statement of operations based on their fair values on the measurement date, which, for the Company, is the date of the grant. Nine months ended Three months ended September 30, September 30, (in thousands) 2017 2016 2017 2016 Stock-based compensation expense Related to the issuance of restricted stock and RSUs $ 362 $ 219 $ 126 $ 51 Director compensation paid in stock $ 205 $ 72 $ 95 $ 22 |
Benefit Plans
Benefit Plans | 9 Months Ended |
Sep. 30, 2017 | |
Profit Sharing Plan [Abstract] | |
Profit Sharing Plan [Text Block] | Note 8: Benefit Plans Profit Sharing Plan The Company sponsors a defined contribution retirement plan through a Section 401(k) profit sharing plan. Employees may contribute up to 15 4 596 469 Supplemental Executive Retirement Plan (SERP) In 2014, the Bank created a SERP for the Chief Executive Officer. This plan was amended in 2015. Under the defined benefit SERP, Ms. Scully will receive $150,000 each year for 15 years after attainment of the Normal Retirement Age (as defined in the SERP). 208 182 67 68 |
Income per Common Share
Income per Common Share | 9 Months Ended |
Sep. 30, 2017 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Note 9: Income per Common Share Nine months ended Three months ended September 30, September 30, (dollars in thousands, except per share data) 2017 2016 2017 2016 Net income $ 5,317 $ 4,349 $ 1,713 $ 1,748 Preferred stock dividends - (166) - - Net income available to common stockholders (numerator) $ 5,317 $ 4,183 $ 1,713 $ 1,748 BASIC Basic average common shares outstanding (denominator) 9,468,577 6,970,714 9,808,542 6,985,559 Basic income per common share $ 0.56 $ 0.60 $ 0.17 $ 0.25 DILUTED Average common shares outstanding 9,468,577 6,970,714 9,808,542 6,985,559 Dilutive effect of common stock equivalents 38,905 101,475 46,280 91,861 Diluted average common shares outstanding (denominator) 9,507,482 7,072,189 9,854,822 7,077,420 Diluted income per common share $ 0.56 $ 0.59 $ 0.17 $ 0.25 Common stock equivalents outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above - 74,911 - 79,911 |
Risk-Based Capital
Risk-Based Capital | 9 Months Ended |
Sep. 30, 2017 | |
Banking and Thrift [Abstract] | |
Regulatory Capital Requirements under Banking Regulations [Text Block] | Note 10: Risk-Based Capital Bancorp and the Bank are subject to various regulatory capital requirements administered by the federal bank regulatory agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on Bancorp and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, Bancorp and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Bancorp’s and the Bank’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. In July 2013, Federal Deposit Insurance Corporation (the “FDIC”) and the other federal bank regulatory agencies issued a final rule that revised their leverage and risk-based capital requirements and the method for calculating risk-weighted assets to make them consistent with agreements that were reached by the Basel Committee on Banking Supervision (“Basel III”) and certain provisions of the Dodd-Frank Act. The final rule, which became effective on January 1, 2015, applies to all depository institutions, top-tier bank holding companies with total consolidated assets of $1 billion or more and top-tier savings and loan holding companies. The final rule created a new common equity Tier 1 (“CET1”) minimum capital requirement ( 4.5 Additionally, subject to a transition schedule, the rule limits Bancorp’s and the Bank’s ability to make capital distributions, engage in share repurchases and pay certain discretionary bonus payments if the they do not hold a “capital conservation buffer” consisting of 2.5 In addition, under revised prompt corrective action requirements, in order to be considered “well-capitalized,” Bancorp and the Bank must have a total risk-based capital ratio of 10.0 8.0 6.5 5.0 There are two main categories of capital under the regulatory capital guidelines. Tier 1 capital includes common stockholders’ equity, qualifying preferred stock and trust preferred securities, less goodwill and certain other deductions (including the unrealized net gains and losses, after applicable income taxes, on securities available for sale carried at fair value). Tier 2 capital includes preferred stock not qualifying as Tier 1 capital, subordinated debt, the allowance for credit losses and net unrealized gains on marketable equity securities, subject to limitations set by the guidelines. Tier 2 capital is limited to the amount of Tier 1 capital (i.e., at least half of total capital must be in the form of Tier 1 capital). Under the guidelines, capital is compared to the relative risk related to the balance sheet. To derive the risk included in the balance sheet, one of several risk weights is applied to the different balance sheet and off-balance sheet assets, primarily based on the relative credit risk of the counterparty. For example, claims guaranteed by the U.S. government or one of its agencies are risk-weighted at 0%. Off-balance sheet items, such as loan commitments, are also applied a risk weight after calculating balance sheet equivalent amounts. One of four credit conversion factors (0%, 20%, 50% and 100%) is assigned to loan commitments based on the likelihood of the off-balance sheet item becoming an asset. For example, certain loan commitments are converted at 50% and then risk-weighted at 100%. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Management believes that, as of September 30, 2017 and December 31, 2016, Bancorp and the Bank met all capital adequacy requirements to which they are subject. To be well capitalized under the FDICIA For capital prompt corrective Actual adequacy purposes action provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of September 30, 2017: Total capital (to risk-weighted assets) Howard Bank $ 122,631 12.98 % $ 75,608 8.00 % $ 94,510 10.00 % Howard Bancorp $ 136,898 14.36 % $ 76,259 8.00 % N/A Common equity tier 1 capital (to risk-weighted assets) Howard Bank $ 116,970 12.38 % $ 42,530 4.50 % $ 61,432 6.50 % Howard Bancorp $ 127,723 13.40 % $ 42,896 4.50 % N/A Tier 1 capital (to risk-weighted assets) Howard Bank $ 116,970 12.38 % $ 56,706 6.00 % $ 75,608 8.00 % Howard Bancorp $ 127,723 13.40 % $ 57,194 6.00 % N/A Tier 1 capital (to average assets) (Leverage ratio) Howard Bank $ 116,970 10.76 % $ 43,497 4.00 % $ 54,371 5.00 % Howard Bancorp $ 127,723 11.74 % $ 43,506 4.00 % N/A As of December 31, 2016: Total capital (to risk-weighted assets) Howard Bank $ 94,696 11.02 % $ 68,722 8.00 % $ 85,902 10.00 % Howard Bancorp $ 93,278 10.83 % $ 68,903 8.00 % N/A Common equity tier 1 capital (to risk-weighted assets) Howard Bank $ 88,267 10.28 % $ 38,656 4.50 % $ 55,836 6.50 % Howard Bancorp $ 83,643 9.71 % $ 38,758 4.50 % N/A Tier 1 capital (to risk-weighted assets) Howard Bank $ 88,267 10.28 % $ 51,541 6.00 % $ 68,722 8.00 % Howard Bancorp $ 83,643 9.71 % $ 51,677 6.00 % N/A Tier 1 capital (to average assets) (Leverage ratio) Howard Bank $ 88,267 8.82 % $ 40,022 4.00 % $ 50,027 5.00 % Howard Bancorp $ 83,643 8.36 % $ 40,030 4.00 % N/A |
Preferred Stock
Preferred Stock | 9 Months Ended |
Sep. 30, 2017 | |
Equity [Abstract] | |
Preferred Stock [Text Block] | Note 11: Preferred Stock On September 22, 2011, Bancorp entered into a Securities Purchase Agreement with the Secretary of the Treasury, pursuant to which Bancorp issued and sold to the Treasury 12,562 1,000 12,562,000 30 10 5 1 5 1 7 9 On May 6, 2016, after receiving all required regulatory approvals, Bancorp redeemed the 12,562 12,562,000 12,562,000 |
Fair Value
Fair Value | 9 Months Ended |
Sep. 30, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | Note 12: Fair Value FASB ASC Topic 820 “Fair Value Measurements” defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. FASB ASC Topic 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company utilizes fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. Securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as loans held for investment and certain other assets. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Under FASB ASC Topic 820, the Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine the fair value. These hierarchy levels are: Level 1: Valuations for assets and liabilities traded in active exchange markets. 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 which use observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in active markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or 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. Recurring Fair Value Measurements Except for one privately held equity investment, all other classes of investment securities available for sale are recorded at fair value using an industry-wide valuation service and therefore fall into a Level 2 of the fair value hierarchy. The service uses evaluated pricing models that vary based on asset class and include available trade, bid and other market information. Various methodologies include broker quotes, proprietary models, descriptive terms and conditions databases, and quality control programs. The privately held equity investment utilizes peer market information to estimate the unobservable inputs and then these inputs are applied to the asset. Fair value of loans held for sale is based upon outstanding investor commitments or, in the absence of such commitments, based on current investor yield requirements or third party pricing models and are considered Level 2. Gains and losses on loan sales are determined using specific identification method. Changes in fair value are recognized in the Consolidated Statement of Operations as part of realized and unrealized gain on mortgage banking activities. Interest rate lock commitments are recorded at fair value determined as the amount that would be required to settle each of these derivatives at the balance sheet date. In the normal course of business, the Company enters into contractual interest rate lock commitments to extend credit to borrowers with fixed expiration dates. The commitment becomes effective when the borrowers lock in a specified interest rate within the time frames established by the mortgage division. All borrowers are evaluated for credit worthiness prior to the extension of the commitment. Market risk arises if interest rates move adversely between the time interest rate is locked by the borrower and the sale date of the loan to an investor. To mitigate this interest rate risk inherent in providing rate lock commitments to borrowers, the Company enters into best effort forward sales contracts to sell loans to investors. The forward sales contracts lock in an interest rate price for the sale of loans similar to the specific rate lock commitment. Rate lock commitments to the borrowers through to the date the loan closes are undesignated derivatives and accordingly, are marked to fair value in earnings. These valuations fall into a Level 3 of the fair value hierarchy. The rate lock commitments are deemed as Level 3 inputs because the Company applies an estimated pull-through rate, which is deemed an unobservable measure. The pull-through rate utilized is based upon historic pull-through rates that ranged from 70 80 For loans held for investment that were originally intended to be sold and previously included as loans held for sale, fair value is determined by discounting estimated cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. September 30, 2017 Quoted Price in Significant Active Markets Other Significant Carrying for Identical Observable Unobservable Value Assets Inputs Inputs (in thousands) (Fair Value) (Level 1) (Level 2) (Level 3) Available for sale securities: U.S. Government agencies $ 63,038 $ - $ 63,038 $ - U.S. Government treasuries 1,498 - 1,498 - Mortgage-backed securities 1,300 - 1,300 - Other investments 2,047 - 1,979 68 Loans held for sale 52,683 - 52,683 - Loans held for investment 1,674 - 1,674 - Rate lock commitments 703 - - 703 December 31, 2016 Quoted Price in Significant Active Markets Other Significant Carrying for Identical Observable Unobservable Value Assets Inputs Inputs (in thousands) (Fair Value) (Level 1) (Level 2) (Level 3) Available for sale securities: U.S. Government agencies $ 34,463 $ - $ 34,463 $ - U.S. Government treasuries 1,504 - 1,504 - Mortgage-backed securities 1,298 - 1,298 - Other investments 1,463 - 1,463 - Loans held for sale 51,054 - 51,054 - Loans held for investment 6,580 - 6,580 - Rate lock commitments 528 - - 528 September 30, 2017 Carrying Aggregate Fair Value Unpaid (in thousands) Amount Principal Difference Loans held for sale $ 52,683 $ 51,144 $ 1,539 Loans held for investment 1,674 1,623 51 December 31, 2016 Carrying Aggregate Fair Value Unpaid (in thousands) Amount Principal Difference Loans held for sale $ 51,054 $ 49,709 $ 1,345 Loans held for investment 6,580 6,794 (214) The Company elected to measure the loans held for sale and the loans held for investment that were originally intended for sale, but instead were added to the Bank’s portfolio at fair value, to better align reported results with the underlying economic changes in value of the loans on the Company’s balance sheet. September 30, December 31 2017 2016 Balance, beginning of period $ 528 $ 508 Privately held equity investment 68 - Net gains included in realized and unrealized gains on mortgage banking activity in noninterest income 175 20 Balance, end of period $ 771 $ 528 Non-recurring Fair Value Measurements 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. Impaired loans are evaluated and valued at the time the loan is identified as impaired, at the lower of cost or market value. Market value is measured based on the value of the collateral securing these loans and is classified at a Level 3 in the fair value hierarchy. Collateral may be real estate and/or business assets including equipment, inventory and/or accounts receivable. The value of real estate collateral is determined based on appraisal by qualified licensed appraisers hired by the Company. The value of business equipment, inventory and accounts receivable collateral is based on the net book value on the business' financial statements and, if necessary, discounted based on management's review and analysis. Appraised and reported values may be discounted based on management's historical knowledge, changes in market conditions from the time of valuation, and/or management's expertise and knowledge of the client and client's business. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors identified above. Other real estate owned acquired through, or in lieu of, foreclosure are held for sale and are initially recorded at fair value, less selling costs. Any write-downs to fair value at the time of transfer to OREO are charged to the allowance for credit losses. Values are derived from appraisals of underlying collateral and discounted cash flow analysis. There were valuation losses of $ 99 83 There was one loan for $ 206 194 90 September 30, 2017 Quoted Price in Significant Active Markets Other Significant Carrying for Identical Observable Unobservable Value Assets Inputs Inputs (in thousands) (Fair Value) (Level 1) (Level 2) (Level 3) Other real estate owned $ 2,133 $ - $ - $ 2,133 Impaired loans: Construction and land 867 - - 867 Residential - first lien 1,927 - - 1,927 Residential - junior lien 6 - - 6 Commercial - owner occupied 698 - - 698 Commercial - non-owner occupied 5,880 - - 5,880 Commercial loans and leases 2,805 - - 2,805 Consumer - - - - December 31, 2016 Quoted Price in Significant Active Markets Other Significant Carrying for Identical Observable Unobservable Value Assets Inputs Inputs (in thousands) (Fair Value) (Level 1) (Level 2) (Level 3) Other real estate owned $ 2,350 $ - $ - $ 2,350 Impaired loans: Construction and land 125 - - 125 Residential - first lien 778 - - 778 Residential - junior lien 37 - - 37 Commercial - owner occupied 509 - - 509 Commercial - non-owner occupied 3,148 - - 3,148 Commercial loans and leases 3,066 - - 3,066 Consumer 95 - - 95 OREO consisted of the outstanding balance of $ 4.7 2.6 5.0 2.7 918 2.2 Various techniques are used to valuate OREO and impaired loans. All loans for which the underlying collateral is real estate, either construction, land, commercial, or residential, an independent appraisal is used to identify the value of the collateral. The approaches within the appraisal report include sales comparison, income, and replacement cost analysis. The resulting value will be adjusted by a selling cost of 9.5% and the residual value will be used to determine if there is an impairment. Commercial loans and leases and consumer loans utilize a liquidation approach to the impairment analysis. The fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Fair value estimates are based on quoted market prices where available or calculated using present value techniques. Since quoted market prices are not available on many of our financial instruments, estimates may be based on the present value of estimated future cash flows and estimated discount rates. The following methods and assumptions were used to estimate the fair value of financial instruments where it is practical to estimate fair value: Securities available for sale: Based on quoted market prices. If a quoted market price is not available, fair value is estimated using quoted market prices for similar securities. Securities held to maturity: The fair value of debt securities is based upon quoted prices for similar assets or externally developed models that use significant observable inputs. Nonmarketable equity securities: Because these securities are not marketable, the carrying amount approximates the fair value. Loans held for sale : Loans held for sale are carried at fair value based on outstanding investor commitments or, in the absence of such commitments, on current investor yield requirements on third party models. Loans held for investment : Determined by discounting estimated cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities Rate lock commitments: Based on estimated loan closing and investor delivery rate based on historical experience. Loans: For variable rate loans the carrying amount approximates the fair value. For fixed rate loans the fair value is calculated by discounting estimated cash flows using current rates at which similar loans would be made to borrowers with similar credit ratings and for the same remaining maturities. The estimated cash flows do not anticipate prepayments. Deposits: The carrying amount of non-maturity deposits such as demand deposits, money market and saving deposits approximates the fair value. The fair value of deposits with predetermined maturity dates such as certificate of deposits is estimated by discounting the future cash flows using current rates of similar deposits with similar remaining maturities. Short-term borrowing: The carrying amounts approximate the fair values at the reporting date. Long-term borrowing: At September 30, 2017 all of the long term debt was variable rate and the carrying amounts approximate the fair values. At December 31, 2016, the fair value was based on quoted market prices or, if quoted market price is not available, discounted cash flow analyses based on current incremental borrowing rates for similar types of instruments. Management has made estimates of fair value discount rates that it believes to be reasonable. However, because there is no market for many of these financial instruments, management has no basis to determine whether the fair value presented for loans would be indicative of the value negotiated in an actual sale. Management has made estimates of fair value discount rates that it believes to be reasonable. Because there is no market for many of these financial instruments, however, management has no basis to determine whether the fair value presented for loans would be indicative of the value negotiated in an actual sale. The following table presents the estimated fair value of the Company’s financial instruments at the dates indicated: September 30, 2017 Quoted Price in Significant Active Markets Other Significant for Identical Observable Unobservable Carrying Fair Assets Inputs Inputs (in thousands) Amount Value (Level 1) (Level 2) (Level 3) Financial Assets Available for sale securities $ 67,883 $ 67,883 $ - $ 67,815 $ 68 Held to maturity securities 9,250 9,345 - - 9,345 Nonmarketable equity securities 5,982 5,982 - 5,982 - Loans held for sale 52,683 52,683 - 52,683 - Loans held for investment 1,674 1,674 - 1,674 - Rate lock commitments 703 703 - - 703 Loans and leases 884,878 880,668 - - 880,668 Financial Liabilities Deposits 862,085 863,236 - 863,236 - Short-term borrowings 128,471 128,471 - 128,471 - Long-term borrowings 6,552 6,552 - 6,552 - December 31, 2016 Quoted Price in Significant Active Markets Other Significant for Identical Observable Unobservable Carrying Fair Assets Inputs Inputs (in thousands) Amount Value (Level 1) (Level 2) (Level 3) Financial Assets Available for sale securities $ 38,728 $ 38,728 $ - $ 38,728 $ - Held to maturity securities 6,250 6,584 - - 6,584 Nonmarketable equity securities 5,103 5,103 - 5,103 - Loans held for sale 51,054 51,054 - 51,054 - Loans held for investment 6,580 6,580 - 6,580 - Rate lock commitments 528 528 - - 528 Loans and leases 808,516 813,981 - - 813,981 Financial Liabilities Deposits 808,734 809,703 - 809,703 - Short-term borrowings 107,056 107,056 - 107,056 - Long-term borrowings 20,517 20,554 - 20,554 - |
Summary of Significant Accoun20
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature of Operations [Policy Text Block] | Nature of Operations On December 15, 2005, Howard Bancorp, Inc. (“Bancorp”) acquired all of the stock and became the holding company of Howard Bank (the “Bank”) pursuant to the Plan of Reorganization approved by the stockholders of the Bank and by federal and state regulatory agencies. Each share of the Bank’s common stock was converted into two shares of Bancorp common stock effected by the filing of Articles of Exchange on that date, and the stockholders of the Bank became the stockholders of Bancorp. The Bank has seven subsidiaries, six of which are intended to hold foreclosed real estate (three of which are inactive) and the other owns and manages real estate that is used as a branch location and has office and retail space. The accompanying consolidated financial statements of Bancorp and its wholly-owned subsidiary bank (collectively the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). Bancorp was incorporated in April of 2005 under the laws of the State of Maryland and is a bank holding company registered under the Bank Holding Company Act of 1956. Bancorp is a single bank holding company with one subsidiary, Howard Bank, which operates as a state trust company with commercial banking powers regulated by the Maryland Office of the Commissioner of Financial Regulation (the “Commissioner”). On May 6, 2016, Bancorp redeemed all of the 12,562 12.7 with interest only payments based upon 30 day LIBOR plus 300 basis points. On February 1, 2017, Bancorp closed an underwritten public offering, including the exercise in full by the underwriters of their option to purchase an additional 360,000 15.00 2,760,000 41.4 On August 14, 2017, Bancorp entered into an Agreement and Plan of Reorganization with the Bank and First Mariner Bank, a Maryland chartered trust company (“First Mariner”), providing for, among other things, the merger of First Mariner with and into the Bank (the “Merger”). Under the terms of the agreement, the total transaction is valued at approximately $ 163.4 16.85 1.6624 The Company is a diversified financial services company providing commercial banking, mortgage banking and consumer finance through banking branches, the internet and other distribution channels to businesses, business owners, professionals and other consumers located primarily in the Greater Baltimore Metropolitan Area. The following is a description of the Company’s significant accounting policies. |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The consolidated financial statements include the accounts of Bancorp, its subsidiary bank and the Bank’s subsidiaries. All significant intercompany accounts and transactions have been eliminated. The parent company only financial statements report investments in the subsidiary bank under the equity method. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes in the near-term relate to the determination of the allowance for credit losses, other-than-temporary impairment of investment securities, and the fair value of loans held for sale. |
Loans Held For Sale Mortgages [Policy Text Block] | Loans Held For Sale The Company engages in sales of residential mortgage loans originated by the Bank. The Company has elected to measure loans held for sale at fair value. Fair value is based on outstanding investor commitments or, in the absence of such commitments, on current investor yield requirements based on third party models. Gains and losses on sales of these loans are recorded as a component of noninterest income in the Consolidated Statements of Operations. The Company’s current practice is to sell residential mortgage loans on a servicing released basis, and, therefore, it has no intangible asset recorded for the value of such servicing. Interest on loans held for sale is credited to income based on the principal amounts outstanding. Upon sale and delivery, loans are legally isolated from the Company and the Company has no ability to restrict or constrain the ability of third party investors to pledge or exchange the mortgage loans. The Company does not have the entitlement or ability to repurchase the mortgage loans or unilaterally cause third party investors to put the mortgage loans back to the Company. Unrealized and realized gains on loan sales are determined using the specific identification method and are recognized through mortgage banking activity in the Consolidated Statements of Operations. The Company enters into commitments to originate residential mortgage loans whereby the interest rate on the loan is determined prior to funding (i.e. rate lock commitment). Such rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 15 to 60 days. The Company protects itself from changes in interest rates through the use of best efforts forward delivery commitments, whereby the Company commits to sell a loan at a premium at the time the borrower commits to an interest rate with the intent that the buyer has assumed interest rate risk on the loan. For purposes of calculating fair value of rate lock commitments, the Bank estimates loan closing and investor delivery rate based on historical experience. The measurement of the estimated fair value of the rate lock commitments is presented as realized and unrealized gains from mortgage banking activities with the corresponding balance sheet amount presented as part of other assets. The Company has elected to measure loans held for sale at fair value to better align reported results with the underlying economic changes in value of the loans on the Company’s balance sheet. Loans held for sale that are not ultimately sold, but instead are placed into the Bank’s portfolio, are reclassified as loans held for investment and continue to be recorded at fair value. |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements The Financial Accounting Standards Board (the “FASB”) has issued Accounting Standards Update (“ASU”) 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The FASB has issued ASU 2016-13, Financial InstrumentsCredit Losses (Topic 326). The FASB has issued ASU 2016-09, CompensationStock Compensation (Topic 718). The FASB has issued ASU 2016-02, Leases (Topic 842). 9.7 The FASB has issued ASU No. 2016-01, Financial Instruments Recognition and Measurement of Financial Assets and Liabilities The FASB has issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) |
Investment Securities (Tables)
Investment Securities (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Schedule of Available-for-sale Securities and Held-to-maturity [Table Text Block] | The amortized cost and estimated fair values of investment securities are as follows: (in thousands) September 30, 2017 December 31, 2016 Gross Gross Gross Gross Amortized Unrealized Unrealized Estimated Amortized Unrealized Unrealized Estimated Cost Gains Losses Fair Value Cost Gains Losses Fair Value Available for sale U.S. Government Agencies $ 63,183 $ 3 $ 148 $ 63,038 $ 34,584 $ 5 $ 126 $ 34,463 Treasuries 1,507 - 9 1,498 1,512 - 8 1,504 Mortgage-backed 1,336 1 37 1,300 1,366 1 69 1,298 Other investments 2,068 - 21 2,047 1,500 - 37 1,463 $ 68,094 $ 4 $ 215 $ 67,883 $ 38,962 $ 6 $ 240 $ 38,728 Held to maturity Corporate debentures $ 9,250 $ 95 $ - $ 9,345 $ 6,250 $ 334 $ - $ 6,584 |
Schedule of Unrealized Loss on Investments [Table Text Block] | Gross unrealized losses and fair value by investment category and length of time the individual securities have been in a continuous unrealized loss position at September 30, 2017 and December 31, 2016 are presented below: September 30, 2017 (in thousands) Less than 12 months 12 months or more Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Available for sale U.S. Government Agencies $ 51,559 $ 110 $ 3,486 $ 38 $ 55,045 $ 148 Treasuries 1,498 9 - - 1,498 9 Mortgage-backed 1,282 37 - - 1,282 37 Other investments 2,000 21 - - 2,000 21 $ 56,339 $ 177 $ 3,486 $ 38 $ 59,825 $ 215 December 31, 2016 (in thousands) Less than 12 months 12 months or more Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Available for sale U.S. Government Agencies $ 17,492 $ 126 $ - $ - $ 17,492 $ 126 Treasuries 1,501 8 - - 1,501 8 Mortgage-backed 1,273 69 - - 1,273 69 Other investments 1,463 37 - - 1,463 37 $ 21,729 $ 240 $ - $ - $ 21,729 $ 240 |
Schedule of Available-for-sale by Debt Maturity [Table Text Block] | The amortized cost and estimated fair values of investment securities by contractual maturity are shown below: (in thousands) September 30, 2017 December 31, 2016 Amortized Estimated Fair Amortized Estimated Fair Cost Value Cost Value Amounts maturing: One year or less $ 28,169 $ 28,152 $ 16,988 $ 16,993 After one through five years 36,530 36,394 19,120 18,985 After five through ten years 9,258 9,353 6,262 6,596 After ten years 3,387 3,329 2,842 2,738 $ 77,344 $ 77,228 $ 45,212 $ 45,312 |
Loans and Leases (Tables)
Loans and Leases (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Receivables [Abstract] | |
Schedule of Receivables with Imputed Interest [Table Text Block] | The loan portfolio segment balances at September 30, 2017 and December 31, 2016 are presented in the following table: September 30, % of December 31, % of (in thousands) 2017 Total 2016 Total Real estate Construction and land $ 79,064 8.9 % $ 72,973 8.9 % Residential - first lien 199,674 22.4 195,032 23.7 Residential - junior lien 41,023 4.6 35,009 4.3 Total residential real estate 240,697 27.0 230,041 28.0 Commercial - owner occupied 155,958 17.4 134,213 16.3 Commercial - non-owner occupied 228,095 25.6 216,781 26.4 Total commercial real estate 384,053 43.0 350,994 42.7 Total real estate loans 703,814 78.9 654,008 79.6 Commercial loans and leases 183,979 20.6 162,715 19.8 Consumer 4,420 0.5 4,801 0.6 Total loans $ 892,213 100.0 % $ 821,524 100.0 % |
Acquired Impaired Loans Receivables [Table Text Block] | The following table documents changes in the accretable discount on acquired impaired loans during the nine months ended September 30, 2017 and 2016, along with the outstanding balances and related carrying amounts for the beginning and end of those respective periods. (in thousands) September 30, 2017 September 30, 2016 Balance at beginning of period $ 60 $ 335 Accretion of fair value discounts (60) (239) Balance at end of period $ - $ 96 Contractually Required Payments Carrying (in thousands) Receivable Amount At September 30, 2017 $ 1,307 $ 862 At December 31, 2016 1,695 1,023 At September 30, 2016 1,741 1,023 At December 31, 2015 3,105 1,708 |
Credit Quality Assessment (Tabl
Credit Quality Assessment (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Receivables [Abstract] | |
Allowance for Loan and Lease Losses [Table Text Block] | The following table provides information, by the respective loan portfolio segment, about the activity in the allowance for credit losses for both the three and nine month periods ended September 30, 2017 and 2016: September 30, 2017 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Allowance for credit losses: Nine months ended: Beginning balance $ 511 $ 454 $ 89 $ 327 $ 1,120 $ 3,800 $ 127 $ 6,428 Charge-offs - (132) (31) - - (1,605) (108) (1,876) Recoveries - - 1 - 5 43 29 78 Provision for credit losses 146 222 58 103 328 130 44 1,031 Ending balance $ 657 $ 544 $ 117 $ 430 $ 1,453 $ 2,368 $ 92 $ 5,661 Three months ended: Beginning balance $ 562 $ 543 $ 111 $ 401 $ 1,176 $ 2,490 $ 102 $ 5,385 Charge-offs - - - - - (239) - (239) Recoveries - - - - 2 15 7 24 Provision for credit losses 95 1 6 29 275 102 (17) 491 Ending balance $ 657 $ 544 $ 117 $ 430 $ 1,453 $ 2,368 $ 92 $ 5,661 September 30, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Allowance for credit losses: Nine months ended: Beginning balance $ 265 $ 300 $ 47 $ 309 $ 728 $ 3,094 $ 126 $ 4,869 Charge-offs (216) - - (191) - (233) (15) (655) Recoveries - - - 40 4 45 29 118 Provision for credit losses 531 150 40 175 373 18 15 1,302 Ending balance $ 580 $ 450 $ 87 $ 333 $ 1,105 $ 2,924 $ 155 $ 5,634 Three months ended: Beginning balance $ 448 $ 365 $ 70 $ 578 $ 841 $ 3,283 $ 159 $ 5,744 Charge-offs (216) - - (191) - (167) (4) (578) Recoveries - - - 40 1 19 6 66 Provision for credit losses 348 85 17 (94) 263 (211) (6) 402 Ending balance $ 580 $ 450 $ 87 $ 333 $ 1,105 $ 2,924 $ 155 $ 5,634 The following table provides additional information on the allowance for credit losses at September 30, 2017 and December 31, 2016: September 30, 2017 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Allowance allocated to: individually evaluated for impairment $ 182 $ 2 $ - $ 251 $ 30 $ 453 $ - $ 918 collectively evaluated for impairment 475 542 117 179 1,423 1,915 92 4,743 Loans: Ending balance $ 79,064 $ 199,674 $ 41,023 $ 155,958 $ 228,095 $ 183,979 $ 4,420 $ 892,213 individually evaluated for impairment 1,049 1,929 6 949 5,910 3,258 - 13,101 collectively evaluated for impairment 78,015 197,745 41,017 155,009 222,185 180,721 4,420 879,112 December 31, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Allowance allocated to: individually evaluated for impairment $ - $ 7 $ - $ - $ - $ 2,076 $ 72 $ 2,155 collectively evaluated for impairment 511 447 89 327 1,120 1,724 55 4,273 Loans: Ending balance $ 72,973 $ 195,032 $ 35,009 $ 134,213 $ 216,781 $ 162,715 $ 4,801 $ 821,524 individually evaluated for impairment 125 785 37 509 3,148 5,142 167 9,913 collectively evaluated for impairment 72,848 194,247 34,972 133,704 213,633 157,573 4,634 811,611 |
Financing Receivable Credit Quality Indicators [Table Text Block] | Credit risk profile by portfolio segment based upon internally assigned risk assignments are presented below: September 30, 2017 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Credit quality indicators: Not classified $ 78,139 $ 197,753 $ 41,018 $ 155,009 $ 222,096 $ 180,034 $ 4,420 $ 878,469 Special mention - - - - - - - - Substandard - 1,543 5 508 3,750 2,820 - 8,626 Doubtful 925 378 - 441 2,249 1,125 - 5,118 Total $ 79,064 $ 199,674 $ 41,023 $ 155,958 $ 228,095 $ 183,979 $ 4,420 $ 892,213 December 31, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Credit quality indicators: Not classified $ 72,973 $ 193,748 $ 34,972 $ 133,704 $ 212,765 $ 157,567 $ 4,634 $ 810,363 Special mention - - - - - 524 - 524 Substandard - 793 - - 2,941 - - 3,734 Doubtful - 491 37 509 1,075 4,624 167 6,903 Total $ 72,973 $ 195,032 $ 35,009 $ 134,213 $ 216,781 $ 162,715 $ 4,801 $ 821,524 |
Past Due Financing Receivables [Table Text Block] | An aged analysis of past due loans is as follows: September 30, 2017 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Analysis of past due loans: Accruing loans current $ 78,139 $ 196,581 $ 40,968 $ 154,820 $ 220,290 $ 180,251 $ 4,420 $ 875,469 Accruing loans past due: 31-59 days past due - 753 - 58 303 96 - 1,210 60-89 days past due - 586 50 131 - 692 - 1,459 Greater than 90 days past due - 114 - - 1,592 128 - 1,834 Total past due - 1,453 50 189 1,895 916 - 4,503 Non-accrual loans 925 1,640 5 949 5,910 2,812 - 12,241 Total loans $ 79,064 $ 199,674 $ 41,023 $ 155,958 $ 228,095 $ 183,979 $ 4,420 $ 892,213 December 31, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Analysis of past due loans: Accruing loans current $ 72,775 $ 191,216 $ 34,634 $ 133,638 $ 212,537 $ 157,464 $ 4,631 $ 806,895 Accruing loans past due: 31-59 days past due - 2,653 334 66 466 593 1 4,113 60-89 days past due 197 374 4 - - 34 1 610 Greater than 90 days past due 1 298 - - 2,703 - 1 3,003 Total past due 198 3,325 338 66 3,169 627 3 7,726 Non-accrual loans - 491 37 509 1,075 4,624 167 6,903 Total loans $ 72,973 $ 195,032 $ 35,009 $ 134,213 $ 216,781 $ 162,715 $ 4,801 $ 821,524 |
Impaired Financing Receivables [Table Text Block] | The following tables set forth our impaired loans at the dates indicated: September 30, 2017 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) & land first lien junior lien occupied occupied and leases loans Total Impaired loans: Recorded investment $ 1,049 $ 1,929 $ 6 $ 949 $ 5,910 $ 3,258 $ - $ 13,101 With an allowance recorded 931 206 - 446 2,249 1,547 - 5,379 With no related allowance recorded 118 1,723 6 503 3,661 1,711 - 7,722 Related allowance 182 2 - 251 30 453 - 918 Unpaid principal 1,055 1,969 6 955 5,927 4,817 - 14,729 Nine months ended: Average balance of impaired loans 1,047 2,014 6 965 5,966 5,513 - 15,511 Interest income recognized 26 28 - 14 108 96 - 272 Three months ended: Average balance of impaired loans 1,055 2,008 6 965 5,943 5,375 - 15,352 Interest income recognized 2 20 - 2 17 57 - 98 December 31, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) & land first lien junior lien occupied occupied and leases loans Total Impaired loans: Recorded investment $ 125 $ 785 $ 37 $ 509 $ 3,148 $ 5,142 $ 167 $ 9,913 With an allowance recorded - 214 - - - 3,477 140 3,831 With no related allowance recorded 125 571 37 509 3,148 1,665 27 6,082 Related allowance - 7 - - - 2,076 72 2,155 Unpaid principal 125 1,323 38 509 3,286 5,694 174 11,149 Average balance of impaired loans 378 835 38 536 3,452 6,455 176 11,870 Interest income recognized 4 29 - 24 47 234 1 339 September 30, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) & land first lien junior lien occupied occupied and leases loans Total Impaired loans: Nine months ended: Average balance of impaired loans $ 762 $ 801 $ 28 $ 992 $ 3,141 $ 5,519 $ 140 $ 11,383 Interest income recognized 9 23 - 24 29 207 - 292 Three months ended: Average balance of impaired loans $ 635 $ 793 $ 28 $ 965 $ 3,144 $ 5,346 $ 140 $ 11,051 Interest income recognized 7 9 - 15 21 45 - 97 The following table outlines the acquired impaired loans at September 30, 2017 and December 31, 2016: September 30, 2017 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Acquired Impaired Loans: Substandard Contractual payment receivable $ - $ - $ - $ - $ 307 $ 984 $ - $ 1,291 Non-Accretable adjustment - - - - - 429 - 429 Cash flow expected - - - - 307 555 - 862 Accretable yield - - - - - - - - Loan receivable $ - $ - $ - $ - $ 307 $ 555 $ - $ 862 Doubtful Contractual payment receivable $ - $ - $ - $ - $ - $ 16 $ - $ 16 Non-Accretable adjustment - - - - - 16 - 16 Cash flow expected - - - - - - - - Accretable yield - - - - - - - - Loan receivable $ - $ - $ - $ - $ - $ - $ - $ - December 31, 2016 Commercial Commercial Commercial Construction Residential Residential owner non-owner loans Consumer (in thousands) and land first lien junior lien occupied occupied and leases loans Total Acquired Impaired Loans: Doubtful Contractual payment receivable $ - $ - $ - $ - $ 619 $ 1,075 $ - $ 1,694 Non-Accretable adjustment - - - - 125 485 - 610 Cash flow expected - - - - 494 590 - 1,084 Accretable yield - - - - 13 48 - 61 Loan receivable $ - $ - $ - $ - $ 481 $ 542 $ - $ 1,023 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | The following table outlines the TDRs at September 30, 2017 and December 31, 2016: September 30, 2017 Number Non-Accrual Number Accrual Total (dollars in thousands) of Loans Status of Loans Status TDRs Construction and land - $ - 1 $ 124 $ 124 Residential real estate - first lien 2 893 1 289 1,182 Commercial - non-owner occupied 2 2,839 - - 2,839 Commercial loans and leases 1 514 2 359 873 5 $ 4,246 4 $ 772 $ 5,018 December 31, 2016 Number Non-Accrual Number Accrual Total (dollars in thousands) of Loans Status of Loans Status TDRs Construction and land - $ - 1 $ 125 $ 125 Residential real estate - first lien 1 214 1 294 508 Commercial - non-owner occupied 1 594 1 2,073 2,667 Commercial loans and leases 1 913 1 183 1,096 Consumer 1 140 - - 140 4 $ 1,861 4 $ 2,675 $ 4,536 A summary of TDR modifications outstanding and performing under modified terms is as follows: September 30, 2017 Not Performing Performing Related to Modified to Modified Total (in thousands) Allowance Terms Terms TDRs Construction and land Extension or other modification $ - $ - $ 124 $ 124 Residential real estate - first lien Extension or other modification 2 893 289 1,182 Commercial RE - non-owner occupied Rate modification - 2,839 - 2,839 Commercial loans Extension or other modification - - 214 214 Forbearance - 514 145 659 Total troubled debt restructure loans $ 2 $ 4,246 $ 772 $ 5,018 December 31, 2016 Not Performing Performing Related to Modified to Modified Total (in thousands) Allowance Terms Terms TDRs Construction and land Extension or other modification $ - $ - $ 125 $ 125 Residential real estate - first lien Extension or other modification 7 214 294 508 Commercial RE - non-owner occupied Rate modification - 594 2,073 2,667 Commercial loans Extension or other modification 913 913 183 1,096 Consumer Extension or other modification 72 140 - 140 Total troubled debt restructure loans $ 992 $ 1,861 $ 2,675 $ 4,536 |
Goodwill and Other Intangible24
Goodwill and Other Intangible Assets (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Schedule of Goodwill [Table Text Block] | The Bank has one unit, which is the core banking operation. The table below shows goodwill balances at September 30, 2017 and December 31, 2016. (in thousands) Goodwill Banking $ 603 |
Finite-lived Intangible Assets Amortization Expense [Table Text Block] | The gross carrying amount and accumulated amortization of other intangible assets are as follows: September 30, 2017 Weighted Gross Net Average Carrying Accumulated Carrying Remaining Life (in thousands) Amount Amortization Amount (Years) Amortizing intangible assets: Core deposit intangible $ 3,540 $ 1,691 $ 1,849 5.86 December 31, 2016 Weighted Gross Net Average Carrying Accumulated Carrying Remaining Life (in thousands) Amount Amortization Amount (Years) Amortizing intangible assets: Core deposit intangible $ 3,540 $ 1,292 $ 2,248 6.61 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Estimated future amortization expense for amortizing intangibles for the years ending December 31, are as follows: (in thousands) 2017 $ 106 2018 396 2019 314 2020 269 2021 258 Thereafter 506 Total amortizing intangible assets $ 1,849 |
Deposits (Tables)
Deposits (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Banking and Thrift [Abstract] | |
Schedule of Deposits [Table Text Block] | The following table details the composition of deposits and the related percentage mix of total deposits, respectively, at the dates indicated: (dollars in thousands) September 30, 2017 December 31, 2016 % of % of Amount Total Amount Total Noninterest-bearing demand $ 212,519 25 % $ 182,880 23 % Interest-bearing checking 67,796 8 62,538 8 Money market accounts 275,619 32 247,858 31 Savings 53,168 6 50,495 6 Certificates of deposit $250,000 and over 11,046 1 12,495 1 Certificates of deposit under $250,000 241,937 28 252,468 31 Total deposits $ 862,085 100 % $ 808,734 100 % |
Stock Options and Stock Awards
Stock Options and Stock Awards (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Stock Options Awards and Warrants [Abstract] | |
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] | The following table summarizes the Company’s stock option activity and related information for the periods ended: September 30, 2017 December 31, 2016 Weighted Weighted Average Average Exercise Exercise Shares Price Shares Price Balance at January 1, 123,593 $ 12.36 137,463 $ 12.30 Granted - - - - Exercised (20,179) 11.91 (3,020) 11.64 Forfeited (65,039) 13.95 (10,850) 11.77 Balance at period end 38,375 $ 9.92 123,593 $ 12.36 Exercisable at period end 38,375 $ 9.92 123,593 $ 12.36 Weighted average fair value of options granted during the year $ - $ - |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | The following table presents a summary of the activity in the Company’s restricted stock for the periods ended: December 31, 2016 Weighted Average Grant Date Shares Fair Value Balance at January 1, 8,330 $ 6.92 Granted - - Vested (8,330) 6.92 Forfeited - - Balance at period end - $ - |
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block] | The following table presents a summary of the activity in the Company’s RSUs for the periods ended: September 30, 2017 December 31, 2016 Weighted Weighted Average Average Grant Date Grant Date Shares Fair Value Shares Fair Value Balance at January 1, 65,491 $ 13.23 74,828 $ 13.21 Granted 18,500 17.41 27,000 12.91 Vested (30,170) 12.70 (17,838) 12.95 Forfeited - - (18,499) 12.96 Balance at period end 53,821 $ 14.96 65,491 $ 13.23 |
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | The amount that the Company recognized in stock-based compensation expense related to the issuance of restricted stock and RSUs and for director compensation paid in stock is presented in the following table: Nine months ended Three months ended September 30, September 30, (in thousands) 2017 2016 2017 2016 Stock-based compensation expense Related to the issuance of restricted stock and RSUs $ 362 $ 219 $ 126 $ 51 Director compensation paid in stock $ 205 $ 72 $ 95 $ 22 |
Income per Common Share (Tables
Income per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | The table below shows the presentation of basic and diluted income per common share for the periods indicated: Nine months ended Three months ended September 30, September 30, (dollars in thousands, except per share data) 2017 2016 2017 2016 Net income $ 5,317 $ 4,349 $ 1,713 $ 1,748 Preferred stock dividends - (166) - - Net income available to common stockholders (numerator) $ 5,317 $ 4,183 $ 1,713 $ 1,748 BASIC Basic average common shares outstanding (denominator) 9,468,577 6,970,714 9,808,542 6,985,559 Basic income per common share $ 0.56 $ 0.60 $ 0.17 $ 0.25 DILUTED Average common shares outstanding 9,468,577 6,970,714 9,808,542 6,985,559 Dilutive effect of common stock equivalents 38,905 101,475 46,280 91,861 Diluted average common shares outstanding (denominator) 9,507,482 7,072,189 9,854,822 7,077,420 Diluted income per common share $ 0.56 $ 0.59 $ 0.17 $ 0.25 Common stock equivalents outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above - 74,911 - 79,911 |
Risk-Based Capital (Tables)
Risk-Based Capital (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Banking and Thrift [Abstract] | |
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block] | Management believes that, as of September 30, 2017 and December 31, 2016, Bancorp and the Bank met all capital adequacy requirements to which they are subject. To be well capitalized under the FDICIA For capital prompt corrective Actual adequacy purposes action provisions (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of September 30, 2017: Total capital (to risk-weighted assets) Howard Bank $ 122,631 12.98 % $ 75,608 8.00 % $ 94,510 10.00 % Howard Bancorp $ 136,898 14.36 % $ 76,259 8.00 % N/A Common equity tier 1 capital (to risk-weighted assets) Howard Bank $ 116,970 12.38 % $ 42,530 4.50 % $ 61,432 6.50 % Howard Bancorp $ 127,723 13.40 % $ 42,896 4.50 % N/A Tier 1 capital (to risk-weighted assets) Howard Bank $ 116,970 12.38 % $ 56,706 6.00 % $ 75,608 8.00 % Howard Bancorp $ 127,723 13.40 % $ 57,194 6.00 % N/A Tier 1 capital (to average assets) (Leverage ratio) Howard Bank $ 116,970 10.76 % $ 43,497 4.00 % $ 54,371 5.00 % Howard Bancorp $ 127,723 11.74 % $ 43,506 4.00 % N/A As of December 31, 2016: Total capital (to risk-weighted assets) Howard Bank $ 94,696 11.02 % $ 68,722 8.00 % $ 85,902 10.00 % Howard Bancorp $ 93,278 10.83 % $ 68,903 8.00 % N/A Common equity tier 1 capital (to risk-weighted assets) Howard Bank $ 88,267 10.28 % $ 38,656 4.50 % $ 55,836 6.50 % Howard Bancorp $ 83,643 9.71 % $ 38,758 4.50 % N/A Tier 1 capital (to risk-weighted assets) Howard Bank $ 88,267 10.28 % $ 51,541 6.00 % $ 68,722 8.00 % Howard Bancorp $ 83,643 9.71 % $ 51,677 6.00 % N/A Tier 1 capital (to average assets) (Leverage ratio) Howard Bank $ 88,267 8.82 % $ 40,022 4.00 % $ 50,027 5.00 % Howard Bancorp $ 83,643 8.36 % $ 40,030 4.00 % N/A |
Fair Value (Tables)
Fair Value (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Fair Value Disclosures [Abstract] | |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at September 30, 2017 and December 31, 2016. September 30, 2017 Quoted Price in Significant Active Markets Other Significant Carrying for Identical Observable Unobservable Value Assets Inputs Inputs (in thousands) (Fair Value) (Level 1) (Level 2) (Level 3) Available for sale securities: U.S. Government agencies $ 63,038 $ - $ 63,038 $ - U.S. Government treasuries 1,498 - 1,498 - Mortgage-backed securities 1,300 - 1,300 - Other investments 2,047 - 1,979 68 Loans held for sale 52,683 - 52,683 - Loans held for investment 1,674 - 1,674 - Rate lock commitments 703 - - 703 December 31, 2016 Quoted Price in Significant Active Markets Other Significant Carrying for Identical Observable Unobservable Value Assets Inputs Inputs (in thousands) (Fair Value) (Level 1) (Level 2) (Level 3) Available for sale securities: U.S. Government agencies $ 34,463 $ - $ 34,463 $ - U.S. Government treasuries 1,504 - 1,504 - Mortgage-backed securities 1,298 - 1,298 - Other investments 1,463 - 1,463 - Loans held for sale 51,054 - 51,054 - Loans held for investment 6,580 - 6,580 - Rate lock commitments 528 - - 528 |
Schedule of Derivative Assets at Fair Value [Table Text Block] | Assets under fair value option: September 30, 2017 Carrying Aggregate Fair Value Unpaid (in thousands) Amount Principal Difference Loans held for sale $ 52,683 $ 51,144 $ 1,539 Loans held for investment 1,674 1,623 51 December 31, 2016 Carrying Aggregate Fair Value Unpaid (in thousands) Amount Principal Difference Loans held for sale $ 51,054 $ 49,709 $ 1,345 Loans held for investment 6,580 6,794 (214) |
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | The following table presents a reconciliation of the assets that are measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the periods presented: September 30, December 31 2017 2016 Balance, beginning of period $ 528 $ 508 Privately held equity investment 68 - Net gains included in realized and unrealized gains on mortgage banking activity in noninterest income 175 20 Balance, end of period $ 771 $ 528 |
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block] | The following table sets forth the Company’s financial assets and liabilities that were accounted for or disclosed at fair value on a nonrecurring basis at September 30, 2017 and December 31, 2016. September 30, 2017 Quoted Price in Significant Active Markets Other Significant Carrying for Identical Observable Unobservable Value Assets Inputs Inputs (in thousands) (Fair Value) (Level 1) (Level 2) (Level 3) Other real estate owned $ 2,133 $ - $ - $ 2,133 Impaired loans: Construction and land 867 - - 867 Residential - first lien 1,927 - - 1,927 Residential - junior lien 6 - - 6 Commercial - owner occupied 698 - - 698 Commercial - non-owner occupied 5,880 - - 5,880 Commercial loans and leases 2,805 - - 2,805 Consumer - - - - December 31, 2016 Quoted Price in Significant Active Markets Other Significant Carrying for Identical Observable Unobservable Value Assets Inputs Inputs (in thousands) (Fair Value) (Level 1) (Level 2) (Level 3) Other real estate owned $ 2,350 $ - $ - $ 2,350 Impaired loans: Construction and land 125 - - 125 Residential - first lien 778 - - 778 Residential - junior lien 37 - - 37 Commercial - owner occupied 509 - - 509 Commercial - non-owner occupied 3,148 - - 3,148 Commercial loans and leases 3,066 - - 3,066 Consumer 95 - - 95 |
Fair Value, by Balance Sheet Grouping [Table Text Block] | The following table presents the estimated fair value of the Company’s financial instruments at the dates indicated: September 30, 2017 Quoted Price in Significant Active Markets Other Significant for Identical Observable Unobservable Carrying Fair Assets Inputs Inputs (in thousands) Amount Value (Level 1) (Level 2) (Level 3) Financial Assets Available for sale securities $ 67,883 $ 67,883 $ - $ 67,815 $ 68 Held to maturity securities 9,250 9,345 - - 9,345 Nonmarketable equity securities 5,982 5,982 - 5,982 - Loans held for sale 52,683 52,683 - 52,683 - Loans held for investment 1,674 1,674 - 1,674 - Rate lock commitments 703 703 - - 703 Loans and leases 884,878 880,668 - - 880,668 Financial Liabilities Deposits 862,085 863,236 - 863,236 - Short-term borrowings 128,471 128,471 - 128,471 - Long-term borrowings 6,552 6,552 - 6,552 - December 31, 2016 Quoted Price in Significant Active Markets Other Significant for Identical Observable Unobservable Carrying Fair Assets Inputs Inputs (in thousands) Amount Value (Level 1) (Level 2) (Level 3) Financial Assets Available for sale securities $ 38,728 $ 38,728 $ - $ 38,728 $ - Held to maturity securities 6,250 6,584 - - 6,584 Nonmarketable equity securities 5,103 5,103 - 5,103 - Loans held for sale 51,054 51,054 - 51,054 - Loans held for investment 6,580 6,580 - 6,580 - Rate lock commitments 528 528 - - 528 Loans and leases 808,516 813,981 - - 813,981 Financial Liabilities Deposits 808,734 809,703 - 809,703 - Short-term borrowings 107,056 107,056 - 107,056 - Long-term borrowings 20,517 20,554 - 20,554 - |
Summary of Significant Accoun30
Summary of Significant Accounting Policies (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Aug. 14, 2017 | Feb. 01, 2017 | May 06, 2016 | Sep. 30, 2017 | Sep. 30, 2016 |
Summary of Significant Accounting Policies [Line Items] | |||||
Stock Redeemed or Called During Period, Value | $ 12,562 | ||||
Property Subject to Operating Lease [Member] | |||||
Summary of Significant Accounting Policies [Line Items] | |||||
Contractual Obligation | $ 9,700 | ||||
Over-Allotment Option [Member] | |||||
Summary of Significant Accounting Policies [Line Items] | |||||
Stock Issued During Period, Shares, New Issues | 360,000 | ||||
Shares Issued, Price Per Share | $ 15 | ||||
Employee Stock [Member] | |||||
Summary of Significant Accounting Policies [Line Items] | |||||
Stock Issued During Period, Shares, New Issues | 2,760,000 | ||||
Proceeds from Issuance or Sale of Equity | $ 41,400 | ||||
Series AA Preferred Stock [Member] | |||||
Summary of Significant Accounting Policies [Line Items] | |||||
Stock Redeemed or Called During Period, Shares | 12,562 | ||||
Stock Redeemed or Called During Period, Value | $ 12,700 | ||||
Series AA Preferred Stock [Member] | Raymond James Bank Variable Rate Debt [Member] | |||||
Summary of Significant Accounting Policies [Line Items] | |||||
Debt Instrument, Description of Variable Rate Basis | with interest only payments based upon 30 day LIBOR plus 300 basis points. | ||||
First Mariner Bank [Member] | |||||
Summary of Significant Accounting Policies [Line Items] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | $ 163,400 | ||||
Business Acquisition, Share Price | $ 16.85 | ||||
First Mariner Bank [Member] | Common Stock [Member] | |||||
Summary of Significant Accounting Policies [Line Items] | |||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 1.6624 |
Investment Securities (Details)
Investment Securities (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Schedule of Investments [Line Items] | ||
Amortized Cost | $ 68,094 | $ 38,962 |
Gross Unrealized Gains | 4 | 6 |
Gross Unrealized Losses | 215 | 240 |
Estimated Fair Value | 67,883 | 38,728 |
Corporate debentures[Member] | ||
Schedule of Investments [Line Items] | ||
Amortized Cost | 9,250 | 6,250 |
Gross Unrealized Gains | 95 | 334 |
Gross Unrealized Losses | 0 | 0 |
Estimated Fair Value | 9,345 | 6,584 |
Other Investments [Member] | ||
Schedule of Investments [Line Items] | ||
Amortized Cost | 2,068 | 1,500 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 21 | 37 |
Estimated Fair Value | 2,047 | 1,463 |
U.S Government Agencies [Member] | ||
Schedule of Investments [Line Items] | ||
Amortized Cost | 63,183 | 34,584 |
Gross Unrealized Gains | 3 | 5 |
Gross Unrealized Losses | 148 | 126 |
Estimated Fair Value | 63,038 | 34,463 |
U.S.Government Treasuries [Member] | ||
Schedule of Investments [Line Items] | ||
Amortized Cost | 1,507 | 1,512 |
Gross Unrealized Gains | 0 | 0 |
Gross Unrealized Losses | 9 | 8 |
Estimated Fair Value | 1,498 | 1,504 |
Collateralized Mortgage Backed Securities [Member] | ||
Schedule of Investments [Line Items] | ||
Amortized Cost | 1,336 | 1,366 |
Gross Unrealized Gains | 1 | 1 |
Gross Unrealized Losses | 37 | 69 |
Estimated Fair Value | $ 1,300 | $ 1,298 |
Investment Securities (Details
Investment Securities (Details 1) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | $ 56,339 | $ 21,729 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 177 | 240 |
Individual securities, 12 months or more, Fair Value | 3,486 | 0 |
Individual securities, 12 months or more, Gross Unrealized Losses | 38 | 0 |
Individual securities, Total, Fair Value | 59,825 | 21,729 |
Individual securities, Total, Gross Unrealized Losses | 215 | 240 |
Other Investments [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | 2,000 | 1,463 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 21 | 37 |
Individual securities, 12 months or more, Fair Value | 0 | 0 |
Individual securities, 12 months or more, Gross Unrealized Losses | 0 | 0 |
Individual securities, Total, Fair Value | 2,000 | 1,463 |
Individual securities, Total, Gross Unrealized Losses | 21 | 37 |
US Government Agencies [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | 51,559 | 17,492 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 110 | 126 |
Individual securities, 12 months or more, Fair Value | 3,486 | 0 |
Individual securities, 12 months or more, Gross Unrealized Losses | 38 | 0 |
Individual securities, Total, Fair Value | 55,045 | 17,492 |
Individual securities, Total, Gross Unrealized Losses | 148 | 126 |
U.S.Government Treasuries [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | 1,498 | 1,501 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 9 | 8 |
Individual securities, 12 months or more, Fair Value | 0 | 0 |
Individual securities, 12 months or more, Gross Unrealized Losses | 0 | 0 |
Individual securities, Total, Fair Value | 1,498 | 1,501 |
Individual securities, Total, Gross Unrealized Losses | 9 | 8 |
Collateralized Mortgage Backed Securities [Member] | ||
Available For Sale Securities Continuous Unrealized Loss Position [Line Items] | ||
Individual securities, Less than 12 months, Fair Value | 1,282 | 1,273 |
Individual securities, Less than 12 months, Gross Unrealized Losses | 37 | 69 |
Individual securities, 12 months or more, Fair Value | 0 | 0 |
Individual securities, 12 months or more, Gross Unrealized Losses | 0 | 0 |
Individual securities, Total, Fair Value | 1,282 | 1,273 |
Individual securities, Total, Gross Unrealized Losses | $ 37 | $ 69 |
Investment Securities (Detail33
Investment Securities (Details 2) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Amounts maturing: | ||
One year or less, Amortized Cost | $ 28,169 | $ 16,988 |
After one through five years, Amortized Cost | 36,530 | 19,120 |
After five through ten years, Amortized Cost | 9,258 | 6,262 |
After ten years, Amortized Cost | 3,387 | 2,842 |
Amortized Cost | 77,344 | 45,212 |
One year or less, Estimated Fair value | 28,152 | 16,993 |
After one through five years, Estimated Fair value | 36,394 | 18,985 |
After five through ten years, Estimated Fair value | 9,353 | 6,596 |
After ten years, Estimated Fair value | 3,329 | 2,738 |
Estimated Fair Value | $ 77,228 | $ 45,312 |
Investment Securities (Detail34
Investment Securities (Details Textual) - USD ($) $ in Millions | Sep. 30, 2017 | Dec. 31, 2016 |
Securities Pledged For Repurchase Agreements [Line Items] | ||
Pledged Assets Separately Reported, Securities Pledged as Collateral, at Fair Value | $ 31.2 | $ 26.8 |
Loans and Leases (Details)
Loans and Leases (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 892,213 | $ 821,524 |
Loans and Leases, Net Percent | 100.00% | 100.00% |
Construction and Land [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 79,064 | $ 72,973 |
Loans and Leases, Net Percent | 8.90% | 8.90% |
Residential - First Lien [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 199,674 | $ 195,032 |
Loans and Leases, Net Percent | 22.40% | 23.70% |
Residential - junior Lien [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 41,023 | $ 35,009 |
Loans and Leases, Net Percent | 4.60% | 4.30% |
Residential Real Estate [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 240,697 | $ 230,041 |
Loans and Leases, Net Percent | 27.00% | 28.00% |
Commercial - Owner Occupied [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 155,958 | $ 134,213 |
Loans and Leases, Net Percent | 17.40% | 16.30% |
Commercial-Non-Owner Occupied [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 228,095 | $ 216,781 |
Loans and Leases, Net Percent | 25.60% | 26.40% |
Commercial Real Estate [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 384,053 | $ 350,994 |
Loans and Leases, Net Percent | 43.00% | 42.70% |
Real Estate [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 703,814 | $ 654,008 |
Loans and Leases, Net Percent | 78.90% | 79.60% |
Commercial Loans and Leases [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 183,979 | $ 162,715 |
Loans and Leases, Net Percent | 20.60% | 19.80% |
Consumer Loans [Member] | ||
Loans and Leases Receivable [Line Items] | ||
Loans and Leases | $ 4,420 | $ 4,801 |
Loans and Leases, Net Percent | 0.50% | 0.60% |
Loans and Leases (Details 1)
Loans and Leases (Details 1) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Balance at beginning of period | $ 821,524 | |
Balance at end of period | 892,213 | |
Impaired Financing Receivable [Member] | ||
Balance at beginning of period | 60 | $ 335 |
Accretion of fair value discounts | (60) | (239) |
Balance at end of period | $ 0 | $ 96 |
Loans and Leases (Details 2)
Loans and Leases (Details 2) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Dec. 31, 2015 |
Contractually Required Payments Receivable | $ 1,307 | $ 1,695 | $ 1,741 | $ 3,105 |
Carrying Amount | $ 862 | $ 1,023 | $ 1,023 | $ 1,708 |
Credit Quality Assessment (Deta
Credit Quality Assessment (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | $ 5,385 | $ 5,744 | $ 6,428 | $ 4,869 | |
Allowance for credit losses, Charge-offs | (239) | (578) | (1,876) | (655) | |
Allowance for credit losses, Recoveries | 24 | 66 | 78 | 118 | |
Allowance for credit losses, Provision for credit losses | 491 | 402 | 1,031 | 1,302 | |
Allowance for credit losses, Ending balance | 5,661 | 5,634 | 5,661 | 5,634 | |
Allowance allocated to Individually Evaluated for Impairment | 918 | 918 | $ 2,155 | ||
Allowance allocated to Collectively Evaluated for Impairment | 4,743 | 4,743 | 4,273 | ||
Loans, Ending balance | 892,213 | 892,213 | 821,524 | ||
Loans individually evaluated for impairment | 13,101 | 13,101 | 9,913 | ||
Loans collectively evaluated for impairment | 879,112 | 879,112 | 811,611 | ||
Construction and Land [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 562 | 448 | 511 | 265 | |
Allowance for credit losses, Charge-offs | 0 | (216) | 0 | (216) | |
Allowance for credit losses, Recoveries | 0 | 0 | 0 | 0 | |
Allowance for credit losses, Provision for credit losses | 95 | 348 | 146 | 531 | |
Allowance for credit losses, Ending balance | 657 | 580 | 657 | 580 | |
Allowance allocated to Individually Evaluated for Impairment | 182 | 182 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 475 | 475 | 511 | ||
Loans, Ending balance | 79,064 | 79,064 | 72,973 | ||
Loans individually evaluated for impairment | 1,049 | 1,049 | 125 | ||
Loans collectively evaluated for impairment | 78,015 | 78,015 | 72,848 | ||
Residential - First Lien [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 543 | 365 | 454 | 300 | |
Allowance for credit losses, Charge-offs | 0 | 0 | (132) | 0 | |
Allowance for credit losses, Recoveries | 0 | 0 | 0 | 0 | |
Allowance for credit losses, Provision for credit losses | 1 | 85 | 222 | 150 | |
Allowance for credit losses, Ending balance | 544 | 450 | 544 | 450 | |
Allowance allocated to Individually Evaluated for Impairment | 2 | 2 | 7 | ||
Allowance allocated to Collectively Evaluated for Impairment | 542 | 542 | 447 | ||
Loans, Ending balance | 199,674 | 199,674 | 195,032 | ||
Loans individually evaluated for impairment | 1,929 | 1,929 | 785 | ||
Loans collectively evaluated for impairment | 197,745 | 197,745 | 194,247 | ||
Residential - Junior Lien [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 111 | 70 | 89 | 47 | |
Allowance for credit losses, Charge-offs | 0 | 0 | (31) | 0 | |
Allowance for credit losses, Recoveries | 0 | 0 | 1 | 0 | |
Allowance for credit losses, Provision for credit losses | 6 | 17 | 58 | 40 | |
Allowance for credit losses, Ending balance | 117 | 87 | 117 | 87 | |
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 117 | 117 | 89 | ||
Loans, Ending balance | 41,023 | 41,023 | 35,009 | ||
Loans individually evaluated for impairment | 6 | 6 | 37 | ||
Loans collectively evaluated for impairment | 41,017 | 41,017 | 34,972 | ||
Commercial - Owner Occupied [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 401 | 578 | 327 | 309 | |
Allowance for credit losses, Charge-offs | 0 | (191) | 0 | (191) | |
Allowance for credit losses, Recoveries | 0 | 40 | 0 | 40 | |
Allowance for credit losses, Provision for credit losses | 29 | (94) | 103 | 175 | |
Allowance for credit losses, Ending balance | 430 | 333 | 430 | 333 | |
Allowance allocated to Individually Evaluated for Impairment | 251 | 251 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 179 | 179 | 327 | ||
Loans, Ending balance | 155,958 | 155,958 | 134,213 | ||
Loans individually evaluated for impairment | 949 | 949 | 509 | ||
Loans collectively evaluated for impairment | 155,009 | 155,009 | 133,704 | ||
Commercial - Non-Owner Occupied [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 1,176 | 841 | 1,120 | 728 | |
Allowance for credit losses, Charge-offs | 0 | 0 | 0 | 0 | |
Allowance for credit losses, Recoveries | 2 | 1 | 5 | 4 | |
Allowance for credit losses, Provision for credit losses | 275 | 263 | 328 | 373 | |
Allowance for credit losses, Ending balance | 1,453 | 1,105 | 1,453 | 1,105 | |
Allowance allocated to Individually Evaluated for Impairment | 30 | 30 | 0 | ||
Allowance allocated to Collectively Evaluated for Impairment | 1,423 | 1,423 | 1,120 | ||
Loans, Ending balance | 228,095 | 228,095 | 216,781 | ||
Loans individually evaluated for impairment | 5,910 | 5,910 | 3,148 | ||
Loans collectively evaluated for impairment | 222,185 | 222,185 | 213,633 | ||
Commercial - Loan and Leases [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 2,490 | 3,283 | 3,800 | 3,094 | |
Allowance for credit losses, Charge-offs | (239) | (167) | (1,605) | (233) | |
Allowance for credit losses, Recoveries | 15 | 19 | 43 | 45 | |
Allowance for credit losses, Provision for credit losses | 102 | (211) | 130 | 18 | |
Allowance for credit losses, Ending balance | 2,368 | 2,924 | 2,368 | 2,924 | |
Allowance allocated to Individually Evaluated for Impairment | 453 | 453 | 2,076 | ||
Allowance allocated to Collectively Evaluated for Impairment | 1,915 | 1,915 | 1,724 | ||
Loans, Ending balance | 183,979 | 183,979 | 162,715 | ||
Loans individually evaluated for impairment | 3,258 | 3,258 | 5,142 | ||
Loans collectively evaluated for impairment | 180,721 | 180,721 | 157,573 | ||
Consumer Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Allowance for credit losses, Beginning balance | 102 | 159 | 127 | 126 | |
Allowance for credit losses, Charge-offs | 0 | (4) | (108) | (15) | |
Allowance for credit losses, Recoveries | 7 | 6 | 29 | 29 | |
Allowance for credit losses, Provision for credit losses | (17) | (6) | 44 | 15 | |
Allowance for credit losses, Ending balance | 92 | $ 155 | 92 | $ 155 | |
Allowance allocated to Individually Evaluated for Impairment | 0 | 0 | 72 | ||
Allowance allocated to Collectively Evaluated for Impairment | 92 | 92 | 55 | ||
Loans, Ending balance | 4,420 | 4,420 | 4,801 | ||
Loans individually evaluated for impairment | 0 | 0 | 167 | ||
Loans collectively evaluated for impairment | $ 4,420 | $ 4,420 | $ 4,634 |
Credit Quality Assessment (De39
Credit Quality Assessment (Details 1) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | $ 892,213 | $ 821,524 |
Not Classified [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 878,469 | 810,363 |
Special Mention [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 524 |
Substandard [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 8,626 | 3,734 |
Doubtful [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 5,118 | 6,903 |
Construction and Land [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 79,064 | 72,973 |
Construction and Land [Member] | Not Classified [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 78,139 | 72,973 |
Construction and Land [Member] | Special Mention [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Construction and Land [Member] | Substandard [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Construction and Land [Member] | Doubtful [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 925 | 0 |
Residential - First Lien [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 199,674 | 195,032 |
Residential - First Lien [Member] | Not Classified [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 197,753 | 193,748 |
Residential - First Lien [Member] | Special Mention [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Residential - First Lien [Member] | Substandard [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 1,543 | 793 |
Residential - First Lien [Member] | Doubtful [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 378 | 491 |
Residential Junior Lien [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 41,023 | 35,009 |
Residential Junior Lien [Member] | Not Classified [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 41,018 | 34,972 |
Residential Junior Lien [Member] | Special Mention [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Residential Junior Lien [Member] | Substandard [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 5 | 0 |
Residential Junior Lien [Member] | Doubtful [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 37 |
Commercial Owner Occupied [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 155,958 | 134,213 |
Commercial Owner Occupied [Member] | Not Classified [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 155,009 | 133,704 |
Commercial Owner Occupied [Member] | Special Mention [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Owner Occupied [Member] | Substandard [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 508 | 0 |
Commercial Owner Occupied [Member] | Doubtful [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 441 | 509 |
Commercial Non Owner Occupied [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 228,095 | 216,781 |
Commercial Non Owner Occupied [Member] | Not Classified [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 222,096 | 212,765 |
Commercial Non Owner Occupied [Member] | Special Mention [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Commercial Non Owner Occupied [Member] | Substandard [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 3,750 | 2,941 |
Commercial Non Owner Occupied [Member] | Doubtful [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 2,249 | 1,075 |
Commercial Loan and Leases [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 183,979 | 162,715 |
Commercial Loan and Leases [Member] | Not Classified [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 180,034 | 157,567 |
Commercial Loan and Leases [Member] | Special Mention [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 524 |
Commercial Loan and Leases [Member] | Substandard [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 2,820 | 0 |
Commercial Loan and Leases [Member] | Doubtful [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 1,125 | 4,624 |
Consumer Loan [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 4,420 | 4,801 |
Consumer Loan [Member] | Not Classified [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 4,420 | 4,634 |
Consumer Loan [Member] | Special Mention [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Consumer Loan [Member] | Substandard [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | 0 | 0 |
Consumer Loan [Member] | Doubtful [Member] | ||
Credit Quality Indicator [Line Items] | ||
Credit quality indicators | $ 0 | $ 167 |
Credit Quality Assessment (De40
Credit Quality Assessment (Details 2) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Accruing loans current | $ 875,469 | $ 806,895 | |
Total past due | 4,503 | 7,726 | |
Non-accrual loans | 12,241 | 6,903 | $ 6,900 |
Total loans | 892,213 | 821,524 | |
31-59 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 1,210 | 4,113 | |
60-89 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 1,459 | 610 | |
Greater than 90 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 1,834 | 3,003 | |
Construction and Land [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Accruing loans current | 78,139 | 72,775 | |
Total past due | 0 | 198 | |
Non-accrual loans | 925 | 0 | |
Total loans | 79,064 | 72,973 | |
Construction and Land [Member] | 31-59 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 0 | 0 | |
Construction and Land [Member] | 60-89 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 0 | 197 | |
Construction and Land [Member] | Greater than 90 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 0 | 1 | |
Residential - First Lien [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Accruing loans current | 196,581 | 191,216 | |
Total past due | 1,453 | 3,325 | |
Non-accrual loans | 1,640 | 491 | |
Total loans | 199,674 | 195,032 | |
Residential - First Lien [Member] | 31-59 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 753 | 2,653 | |
Residential - First Lien [Member] | 60-89 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 586 | 374 | |
Residential - First Lien [Member] | Greater than 90 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 114 | 298 | |
Residential Junior Lien [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Accruing loans current | 40,968 | 34,634 | |
Total past due | 50 | 338 | |
Non-accrual loans | 5 | 37 | |
Total loans | 41,023 | 35,009 | |
Residential Junior Lien [Member] | 31-59 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 0 | 334 | |
Residential Junior Lien [Member] | 60-89 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 50 | 4 | |
Residential Junior Lien [Member] | Greater than 90 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 0 | 0 | |
Commercial Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Accruing loans current | 154,820 | 133,638 | |
Total past due | 189 | 66 | |
Non-accrual loans | 949 | 509 | |
Total loans | 155,958 | 134,213 | |
Commercial Owner Occupied [Member] | 31-59 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 58 | 66 | |
Commercial Owner Occupied [Member] | 60-89 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 131 | 0 | |
Commercial Owner Occupied [Member] | Greater than 90 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 0 | 0 | |
Commercial Non Owner Occupied [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Accruing loans current | 220,290 | 212,537 | |
Total past due | 1,895 | 3,169 | |
Non-accrual loans | 5,910 | 1,075 | |
Total loans | 228,095 | 216,781 | |
Commercial Non Owner Occupied [Member] | 31-59 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 303 | 466 | |
Commercial Non Owner Occupied [Member] | 60-89 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 0 | 0 | |
Commercial Non Owner Occupied [Member] | Greater than 90 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 1,592 | 2,703 | |
Commercial Loan and Leases [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Accruing loans current | 180,251 | 157,464 | |
Total past due | 916 | 627 | |
Non-accrual loans | 2,812 | 4,624 | |
Total loans | 183,979 | 162,715 | |
Commercial Loan and Leases [Member] | 31-59 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 96 | 593 | |
Commercial Loan and Leases [Member] | 60-89 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 692 | 34 | |
Commercial Loan and Leases [Member] | Greater than 90 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 128 | 0 | |
Consumer Loan [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Accruing loans current | 4,420 | 4,631 | |
Total past due | 0 | 3 | |
Non-accrual loans | 0 | 167 | |
Total loans | 4,420 | 4,801 | |
Consumer Loan [Member] | 31-59 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 0 | 1 | |
Consumer Loan [Member] | 60-89 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | 0 | 1 | |
Consumer Loan [Member] | Greater than 90 days past due [Member] | |||
Financing Receivable, Recorded Investment, Past Due [Line Items] | |||
Total past due | $ 0 | $ 1 |
Credit Quality Assessment (De41
Credit Quality Assessment (Details 3) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | $ 13,101 | $ 13,101 | $ 9,913 | ||
With an allowance recorded | 5,379 | 5,379 | 3,831 | ||
With no related allowance recorded | 7,722 | 7,722 | 6,082 | ||
Related allowance | 918 | 918 | 2,155 | ||
Unpaid principal | 14,729 | 14,729 | 11,149 | ||
Average balance of impaired loans | 15,352 | $ 11,051 | 15,511 | $ 11,383 | 11,870 |
Interest income recognized | 98 | 97 | 272 | 292 | 339 |
Construction and Land [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 1,049 | 1,049 | 125 | ||
With an allowance recorded | 931 | 931 | 0 | ||
With no related allowance recorded | 118 | 118 | 125 | ||
Related allowance | 182 | 182 | 0 | ||
Unpaid principal | 1,055 | 1,055 | 125 | ||
Average balance of impaired loans | 1,055 | 635 | 1,047 | 762 | 378 |
Interest income recognized | 2 | 7 | 26 | 9 | 4 |
Residential - First Lien [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 1,929 | 1,929 | 785 | ||
With an allowance recorded | 206 | 206 | 214 | ||
With no related allowance recorded | 1,723 | 1,723 | 571 | ||
Related allowance | 2 | 2 | 7 | ||
Unpaid principal | 1,969 | 1,969 | 1,323 | ||
Average balance of impaired loans | 2,008 | 793 | 2,014 | 801 | 835 |
Interest income recognized | 20 | 9 | 28 | 23 | 29 |
Residential Junior Lien [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 6 | 6 | 37 | ||
With an allowance recorded | 0 | 0 | 0 | ||
With no related allowance recorded | 6 | 6 | 37 | ||
Related allowance | 0 | 0 | 0 | ||
Unpaid principal | 6 | 6 | 38 | ||
Average balance of impaired loans | 6 | 28 | 6 | 28 | 38 |
Interest income recognized | 0 | 0 | 0 | 0 | 0 |
Commercial Owner Occupied [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 949 | 949 | 509 | ||
With an allowance recorded | 446 | 446 | 0 | ||
With no related allowance recorded | 503 | 503 | 509 | ||
Related allowance | 251 | 251 | 0 | ||
Unpaid principal | 955 | 955 | 509 | ||
Average balance of impaired loans | 965 | 965 | 965 | 992 | 536 |
Interest income recognized | 2 | 15 | 14 | 24 | 24 |
Commercial Non Owner Occupied [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 5,910 | 5,910 | 3,148 | ||
With an allowance recorded | 2,249 | 2,249 | 0 | ||
With no related allowance recorded | 3,661 | 3,661 | 3,148 | ||
Related allowance | 30 | 30 | 0 | ||
Unpaid principal | 5,927 | 5,927 | 3,286 | ||
Average balance of impaired loans | 5,943 | 3,144 | 5,966 | 3,141 | 3,452 |
Interest income recognized | 17 | 21 | 108 | 29 | 47 |
Commercial Loan and Leases [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 3,258 | 3,258 | 5,142 | ||
With an allowance recorded | 1,547 | 1,547 | 3,477 | ||
With no related allowance recorded | 1,711 | 1,711 | 1,665 | ||
Related allowance | 453 | 453 | 2,076 | ||
Unpaid principal | 4,817 | 4,817 | 5,694 | ||
Average balance of impaired loans | 5,375 | 5,346 | 5,513 | 5,519 | 6,455 |
Interest income recognized | 57 | 45 | 96 | 207 | 234 |
Consumer Loan [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Recorded investment | 0 | 0 | 167 | ||
With an allowance recorded | 0 | 0 | 140 | ||
With no related allowance recorded | 0 | 0 | 27 | ||
Related allowance | 0 | 0 | 72 | ||
Unpaid principal | 0 | 0 | 174 | ||
Average balance of impaired loans | 0 | 140 | 0 | 140 | 176 |
Interest income recognized | $ 0 | $ 0 | $ 0 | $ 0 | $ 1 |
Credit Quality Assessment (De42
Credit Quality Assessment (Details 4) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Dec. 31, 2015 |
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | $ 1,307 | $ 1,695 | $ 1,741 | $ 3,105 |
Substandard [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 1,291 | |||
Non-Accretable adjustment | 429 | |||
Cash flow expected | 862 | |||
Accretable yield | 0 | |||
Loan receivable | 862 | |||
Doubtful [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 16 | 1,694 | ||
Non-Accretable adjustment | 16 | 610 | ||
Cash flow expected | 0 | 1,084 | ||
Accretable yield | 0 | 61 | ||
Loan receivable | 0 | 1,023 | ||
Construction and Land [Member] | Substandard [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 0 | |||
Non-Accretable adjustment | 0 | |||
Cash flow expected | 0 | |||
Accretable yield | 0 | |||
Loan receivable | 0 | |||
Construction and Land [Member] | Doubtful [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 0 | 0 | ||
Non-Accretable adjustment | 0 | 0 | ||
Cash flow expected | 0 | 0 | ||
Accretable yield | 0 | 0 | ||
Loan receivable | 0 | 0 | ||
Residential First Lien [Member] | Substandard [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 0 | |||
Non-Accretable adjustment | 0 | |||
Cash flow expected | 0 | |||
Accretable yield | 0 | |||
Loan receivable | 0 | |||
Residential First Lien [Member] | Doubtful [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 0 | 0 | ||
Non-Accretable adjustment | 0 | 0 | ||
Cash flow expected | 0 | 0 | ||
Accretable yield | 0 | 0 | ||
Loan receivable | 0 | 0 | ||
Residential Junior Lien [Member] | Substandard [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 0 | |||
Non-Accretable adjustment | 0 | |||
Cash flow expected | 0 | |||
Accretable yield | 0 | |||
Loan receivable | 0 | |||
Residential Junior Lien [Member] | Doubtful [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 0 | 0 | ||
Non-Accretable adjustment | 0 | 0 | ||
Cash flow expected | 0 | 0 | ||
Accretable yield | 0 | 0 | ||
Loan receivable | 0 | 0 | ||
Commercial Owner Occupied [Member] | Substandard [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 0 | |||
Non-Accretable adjustment | 0 | |||
Cash flow expected | 0 | |||
Accretable yield | 0 | |||
Loan receivable | 0 | |||
Commercial Owner Occupied [Member] | Doubtful [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 0 | 0 | ||
Non-Accretable adjustment | 0 | 0 | ||
Cash flow expected | 0 | 0 | ||
Accretable yield | 0 | 0 | ||
Loan receivable | 0 | 0 | ||
Commercial Non-Owner Occupied [Member] | Substandard [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 307 | |||
Non-Accretable adjustment | 0 | |||
Cash flow expected | 307 | |||
Accretable yield | 0 | |||
Loan receivable | 307 | |||
Commercial Non-Owner Occupied [Member] | Doubtful [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 0 | 619 | ||
Non-Accretable adjustment | 0 | 125 | ||
Cash flow expected | 0 | 494 | ||
Accretable yield | 0 | 13 | ||
Loan receivable | 0 | 481 | ||
Commercial Loan and Leases [Member] | Substandard [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 984 | |||
Non-Accretable adjustment | 429 | |||
Cash flow expected | 555 | |||
Accretable yield | 0 | |||
Loan receivable | 555 | |||
Commercial Loan and Leases [Member] | Doubtful [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 16 | 1,075 | ||
Non-Accretable adjustment | 16 | 485 | ||
Cash flow expected | 0 | 590 | ||
Accretable yield | 0 | 48 | ||
Loan receivable | 0 | 542 | ||
Consumer Loan [Member] | Substandard [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 0 | |||
Non-Accretable adjustment | 0 | |||
Cash flow expected | 0 | |||
Accretable yield | 0 | |||
Loan receivable | 0 | |||
Consumer Loan [Member] | Doubtful [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Contractual payment receivable | 0 | 0 | ||
Non-Accretable adjustment | 0 | 0 | ||
Cash flow expected | 0 | 0 | ||
Accretable yield | 0 | 0 | ||
Loan receivable | $ 0 | $ 0 |
Credit Quality Assessment (De43
Credit Quality Assessment (Details 5) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017USD ($)Number | Dec. 31, 2016USD ($)Number | |
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | Number | 5 | 4 |
Non-Accrual Status | $ 4,246 | $ 1,861 |
Number of Loans | Number | 4 | 4 |
Accrual Status | $ 772 | $ 2,675 |
Total TDRs | $ 5,018 | $ 4,536 |
Construction and Land [Member] | ||
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | Number | 0 | 0 |
Non-Accrual Status | $ 0 | $ 0 |
Number of Loans | Number | 1 | 1 |
Accrual Status | $ 124 | $ 125 |
Total TDRs | $ 124 | $ 125 |
Residential Real Estate First Lien [Member] | ||
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | Number | 2 | 1 |
Non-Accrual Status | $ 893 | $ 214 |
Number of Loans | Number | 1 | 1 |
Accrual Status | $ 289 | $ 294 |
Total TDRs | $ 1,182 | $ 508 |
Commercial Real Estate Non Owner Occupied [Member] | ||
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | Number | 2 | 1 |
Non-Accrual Status | $ 2,839 | $ 594 |
Number of Loans | Number | 0 | 1 |
Accrual Status | $ 0 | $ 2,073 |
Total TDRs | $ 2,839 | $ 2,667 |
Commercial Loan and Leases [Member] | ||
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | Number | 1 | 1 |
Non-Accrual Status | $ 514 | $ 913 |
Number of Loans | Number | 2 | 1 |
Accrual Status | $ 359 | $ 183 |
Total TDRs | $ 873 | $ 1,096 |
Consumer Loan [Member] | ||
Trouble Debt Restructured Loans [Line Items] | ||
Number of Loans | Number | 1 | |
Non-Accrual Status | $ 140 | |
Number of Loans | Number | 0 | |
Accrual Status | $ 0 | |
Total TDRs | $ 140 |
Credit Quality Assessment (De44
Credit Quality Assessment (Details 6) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | $ 5,018 | $ 4,536 |
Allowance for Losses on Finance Receivables [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 2 | 992 |
Construction and land Extension or other modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 124 | 125 |
Construction and land Extension or other modification [Member] | Allowance for Losses on Finance Receivables [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 0 | 0 |
Commercial loans Extension or other modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 1,096 | |
Commercial loans Extension or other modification [Member] | Allowance for Losses on Finance Receivables [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 913 | |
Commercial RE - non-owner occupied Rate modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 2,839 | 2,667 |
Commercial RE - non-owner occupied Rate modification [Member] | Allowance for Losses on Finance Receivables [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 0 | 0 |
Consumer Loans And Extension Or Other Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 214 | 140 |
Consumer Loans And Extension Or Other Modification [Member] | Allowance for Losses on Finance Receivables [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 0 | 72 |
Commercial loans Forbearance [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 659 | |
Commercial loans Forbearance [Member] | Allowance for Losses on Finance Receivables [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 0 | |
Residential real estate - first lien Extension or other modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 1,182 | 508 |
Residential real estate - first lien Extension or other modification [Member] | Allowance for Losses on Finance Receivables [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 2 | 7 |
Nonperforming Financing Receivable [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 4,246 | 1,861 |
Nonperforming Financing Receivable [Member] | Construction and land Extension or other modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 0 | 0 |
Nonperforming Financing Receivable [Member] | Commercial loans Extension or other modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 913 | |
Nonperforming Financing Receivable [Member] | Commercial RE - non-owner occupied Rate modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 2,839 | 594 |
Nonperforming Financing Receivable [Member] | Consumer Loans And Extension Or Other Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 0 | 140 |
Nonperforming Financing Receivable [Member] | Commercial loans Forbearance [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 514 | |
Nonperforming Financing Receivable [Member] | Residential real estate - first lien Extension or other modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 893 | 214 |
Performing Financing Receivable [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 772 | 2,675 |
Performing Financing Receivable [Member] | Construction and land Extension or other modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 124 | 125 |
Performing Financing Receivable [Member] | Commercial loans Extension or other modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 183 | |
Performing Financing Receivable [Member] | Commercial RE - non-owner occupied Rate modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 0 | 2,073 |
Performing Financing Receivable [Member] | Consumer Loans And Extension Or Other Modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 214 | 0 |
Performing Financing Receivable [Member] | Commercial loans Forbearance [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | 145 | |
Performing Financing Receivable [Member] | Residential real estate - first lien Extension or other modification [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Total trouble debt restructure loans | $ 289 | $ 294 |
Credit Quality Assessment (De45
Credit Quality Assessment (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Credit Quality Indicator [Line Items] | |||
Delinquent Loans, Outstanding Nonaccrual Status | $ 14,100 | $ 9,900 | |
Non-Accrual Delinquent Loans Outstanding, Percentage | 1.60% | 1.20% | |
Financing Receivable, Recorded Investment, Nonaccrual Status | $ 12,241 | $ 6,900 | $ 6,903 |
Provision For Other Real Estate Owned | 99 | 83 | |
Impaired Financing Receivable Interest Income Non Accrual Method | 263 | 252 | |
Financing Receivable, Modifications, Recorded Investment | 5,018 | 4,536 | |
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | 215 | ||
Financing Receivable, Modifications, Pre-Modification Recorded Investment | 340 | ||
Financing Receivable, Modifications, Post-Modification Recorded Investment | 125 | ||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 150 | ||
Gains (Losses) On Sales Of Other Real Estate | 19 | $ 0 | |
Commercial And Forbearance Loans [Member] | |||
Credit Quality Indicator [Line Items] | |||
Financing Receivable, Modifications, Recorded Investment | 913 | ||
Commercial Loan and Leases [Member] | |||
Credit Quality Indicator [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 2,812 | 4,624 | |
Financing Receivable, Modifications, Recorded Investment | 359 | ||
Construction And Land Modification [Member] | |||
Credit Quality Indicator [Line Items] | |||
Financing Receivable, Modifications, Recorded Investment | 214 | ||
Residentials First Lien [Member] | |||
Credit Quality Indicator [Line Items] | |||
Financing Receivable, Recorded Investment, Nonaccrual Status | 1,640 | $ 491 | |
Financing Receivable, Modifications, Recorded Investment | 125 | ||
Mortgage Loans in Process of Foreclosure, Amount | 302 | ||
Constructions And Land Modifications Two [Member] | |||
Credit Quality Indicator [Line Items] | |||
Financing Receivable, Modifications, Recorded Investment | $ 687 |
Goodwill and Other Intangible46
Goodwill and Other Intangible Assets (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Goodwill | $ 603 | $ 603 |
Banking [Member] | ||
Goodwill | $ 603 |
Goodwill and Other Intangible47
Goodwill and Other Intangible Assets (Details 1) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Finite-Lived Intangible Assets [Line Items] | ||
Net Carrying Amount | $ 1,849 | $ 2,248 |
Core Deposits [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 3,540 | 3,540 |
Accumulated Amortization | 1,691 | 1,292 |
Net Carrying Amount | $ 1,849 | $ 2,248 |
Weighted Average Remaining Life (Years) | 5 years 10 months 10 days | 6 years 7 months 10 days |
Goodwill and Other Intangible48
Goodwill and Other Intangible Assets (Details 2) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Finite-Lived Intangible Assets [Line Items] | ||
2,017 | $ 106 | |
2,018 | 396 | |
2,019 | 314 | |
2,020 | 269 | |
2,021 | 258 | |
Thereafter | 506 | |
Total amortizing intangible assets | $ 1,849 | $ 2,248 |
Deposits (Details)
Deposits (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Deposits [Line Items] | ||
Noninterest-bearing demand | $ 212,519 | $ 182,880 |
Interest-bearing checking | 67,796 | 62,538 |
Money market accounts | 275,619 | 247,858 |
Savings | 53,168 | 50,495 |
Certificates of deposit $250,000 and over | 11,046 | 12,495 |
Certificates of deposit under $250,000 | 241,937 | 252,468 |
Total deposits | $ 862,085 | $ 808,734 |
Percentage of Noninterest-bearing demand | 25.00% | 23.00% |
Percentage of Interest-bearing checking | 8.00% | 8.00% |
Percentage of Money market accounts | 32.00% | 31.00% |
Percentage of Savings | 6.00% | 6.00% |
Percentage Of Certificates of deposit $250,000 and over | 1.00% | 1.00% |
Percentage of Certificates of deposit under $250,000 | 28.00% | 31.00% |
Percentage of Total deposits | 100.00% | 100.00% |
Stock Options and Stock Award50
Stock Options and Stock Awards (Details) - Employee Stock Option [Member] - $ / shares | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Shares, Beginning Balance | 123,593 | 137,463 |
Shares, Granted | 0 | 0 |
Shares, Exercised | (20,179) | (3,020) |
Shares, Forfeited | (65,039) | (10,850) |
Shares, Ending Balance | 38,375 | 123,593 |
Shares, Exercisable at period end | 38,375 | 123,593 |
Weighted Average Exercise Price, Beginning Balance | $ 12.36 | $ 12.30 |
Weighted Average Exercise Price, Granted | 0 | 0 |
Weighted Average Exercise Price, Exercised | 11.91 | 11.64 |
Weighted Average Exercise Price, Forfeited | 13.95 | 11.77 |
Weighted Average Exercise Price, Ending Balance | 9.92 | 12.36 |
Weighted Average Exercise Price, Exercisable at period end | 9.92 | 12.36 |
Weighted average fair value of options granted during the year | $ 0 | $ 0 |
Stock Options and Stock Award51
Stock Options and Stock Awards (Details 1) - Restricted Stock [Member] | 12 Months Ended |
Dec. 31, 2016$ / sharesshares | |
Shares, Beginning Balance | shares | 8,330 |
Shares, Granted | shares | 0 |
Shares, Vested | shares | (8,330) |
Shares, Forfeited | shares | 0 |
Shares, Ending Balance | shares | 0 |
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares | $ 6.92 |
Weighted Average Grant Date Fair Value, Granted | $ / shares | 0 |
Weighted Average Grant Date Fair Value, Vested | $ / shares | 6.92 |
Weighted Average Grant Date Fair Value, Forfeited | $ / shares | 0 |
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares | $ 0 |
Stock Options and Stock Award52
Stock Options and Stock Awards (Details 2) - Restricted Stock Units (RSUs) [Member] - $ / shares | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Shares, Beginning Balance | 65,491 | 74,828 |
Shares, Granted | 18,500 | 27,000 |
Shares, Vested | (30,170) | (17,838) |
Shares, Forfeited | 0 | (18,499) |
Shares, Ending Balance | 53,821 | 65,491 |
Weighted Average Grant Date Fair Value, Beginning Balance | $ 13.23 | $ 13.21 |
Weighted Average Grant Date Fair Value, Granted | 17.41 | 12.91 |
Weighted Average Grant Date Fair Value, Vested | 12.70 | 12.95 |
Weighted Average Grant Date Fair Value, Forfeited | 0 | 12.96 |
Weighted Average Grant Date Fair Value, Ending Balance | $ 14.96 | $ 13.23 |
Stock Options and Stock Award53
Stock Options and Stock Awards (Details 3) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Director [Member] | ||||
Allocated Share-based Compensation Expense | $ 95 | $ 22 | $ 205 | $ 72 |
Restricted Stock Units (RSUs) [Member] | ||||
Allocated Share-based Compensation Expense | $ 126 | $ 51 | $ 362 | $ 219 |
Stock Options and Stock Award54
Stock Options and Stock Awards (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | 9 Months Ended | 12 Months Ended | |
Jun. 30, 2013 | Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable Fair Market Value | $ 20.90 | $ 15.10 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding | $ 421 | $ 338 | ||
Share-based Goods and Nonemployee Services Transaction, Shares Approved for Issuance | 11,404 | 5,629 | ||
Proceeds from Stock Options Exercised | $ 240 | $ 19 | ||
Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | 50,000 | |||
Restricted Stock Units (RSUs) [Member] | ||||
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross | 18,500 | 27,000 | ||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | $ 609 | |||
Vest on grant date anniversary [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | 30,000 | |||
vest if performance achieved [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | 20,000 |
Benefit Plans (Details Textual)
Benefit Plans (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Percent | 15.00% | |||
Defined Contribution Plan, Maximum Annual Contribution Per Employee, Amount | $ 596 | $ 469 | ||
Supplemental Executive Retirement Plan [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Benefit Plan, Benefit Description | Under the defined benefit SERP, Ms. Scully will receive $150,000 each year for 15 years after attainment of the Normal Retirement Age (as defined in the SERP). | |||
Defined Benefit Plan, Contributions by Employer | $ 67 | $ 68 | $ 208 | $ 182 |
Maximum [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
Defined Contribution Plan, Employer Matching Contribution, Percent | 4.00% |
Income per Common Share (Detail
Income per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Earnings Per Share Basic And Diluted [Line Items] | ||||
Net income | $ 1,713 | $ 1,748 | $ 5,317 | $ 4,349 |
Preferred stock dividends | 0 | 0 | 0 | (166) |
Net income available to common stockholders (numerator) | $ 1,713 | $ 1,748 | $ 5,317 | $ 4,183 |
BASIC | ||||
Basic average common shares outstanding (denominator) | 9,808,542 | 6,985,559 | 9,468,577 | 6,970,714 |
Basic income per common share | $ 0.17 | $ 0.25 | $ 0.56 | $ 0.6 |
DILUTED | ||||
Average common shares outstanding | 9,808,542 | 6,985,559 | 9,468,577 | 6,970,714 |
Dilutive effect of common stock equivalents | 46,280 | 91,861 | 38,905 | 101,475 |
Diluted average common shares outstanding (denominator) | 9,854,822 | 7,077,420 | 9,507,482 | 7,072,189 |
Diluted income per common share | $ 0.17 | $ 0.25 | $ 0.56 | $ 0.59 |
Common stock equivalents outstanding that are anti-dilutive and thus excluded from calculation of diluted number of shares presented above | 0 | 79,911 | 0 | 74,911 |
Risk-Based Capital (Details)
Risk-Based Capital (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 | Jan. 31, 2015 |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Total capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions Ratio | 5.00% | ||
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes Ratio | 4.50% | ||
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions Ratio | 6.50% | ||
Tier 1 capital (to average assets) To be well capitalized under the FDICIA prompt corrective action provisions Ratio | 8.00% | ||
Howard Bank [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Total capital (to risk-weighted assets) Actual Amount | $ 122,631 | $ 94,696 | |
Total capital (to risk-weighted assets) Actual Ratio | 12.98% | 11.02% | |
Total capital (to risk-weighted assets) For capital adequacy purposes Amount | $ 75,608 | $ 68,722 | |
Total capital (to risk-weighted assets) For capital adequacy purposes Ratio | 8.00% | 8.00% | |
Total capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions Amount | $ 94,510 | $ 85,902 | |
Total capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions Ratio | 10.00% | 10.00% | |
Tier 1 capital (to risk-weighted assets) Actual Amount | $ 116,970 | $ 88,267 | |
Tier 1 capital (to risk-weighted assets) Actual Ratio | 12.38% | 10.28% | |
Common equity tier 1 capital (to risk-weighted assets) Actual Amount | $ 116,970 | $ 88,267 | |
Common equity tier 1 capital (to risk-weighted assets) Actual Ratio | 12.38% | 10.28% | |
Common equity tier 1 capital (to risk-weighted assets) For capital adequacy purposes Amount | $ 42,530 | $ 38,656 | |
Common equity tier 1 capital (to risk-weighted assets) For capital adequacy purposes Ratio | 4.50% | 4.50% | |
Common equity tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions Amount | $ 61,432 | $ 55,836 | |
Common equity tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions Ratio | 6.50% | 6.50% | |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes Amount | $ 56,706 | $ 51,541 | |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes Ratio | 6.00% | 6.00% | |
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions Amount | $ 75,608 | $ 68,722 | |
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions Ratio | 8.00% | 8.00% | |
Tier 1 capital (to average assets) Actual Amount | $ 116,970 | $ 88,267 | |
Tier 1 capital (to average assets) Actual Ratio | 10.76% | 8.82% | |
Tier 1 capital (to average assets) For capital adequacy purposes Amount | $ 43,497 | $ 40,022 | |
Tier 1 capital (to average assets) For capital adequacy purposes Ratio | 4.00% | 4.00% | |
Tier 1 capital (to average assets) To be well capitalized under the FDICIA prompt corrective action provisions Amount | $ 54,371 | $ 50,027 | |
Tier 1 capital (to average assets) To be well capitalized under the FDICIA prompt corrective action provisions Ratio | 5.00% | 5.00% | |
Howard Bancorp [Member] | |||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | |||
Total capital (to risk-weighted assets) Actual Amount | $ 136,898 | $ 93,278 | |
Total capital (to risk-weighted assets) Actual Ratio | 14.36% | 10.83% | |
Total capital (to risk-weighted assets) For capital adequacy purposes Amount | $ 76,259 | $ 68,903 | |
Total capital (to risk-weighted assets) For capital adequacy purposes Ratio | 8.00% | 8.00% | |
Total capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions Amount | |||
Tier 1 capital (to risk-weighted assets) Actual Amount | $ 127,723 | $ 83,643 | |
Tier 1 capital (to risk-weighted assets) Actual Ratio | 13.40% | 9.71% | |
Common equity tier 1 capital (to risk-weighted assets) Actual Amount | $ 127,723 | $ 83,643 | |
Common equity tier 1 capital (to risk-weighted assets) Actual Ratio | 13.40% | 9.71% | |
Common equity tier 1 capital (to risk-weighted assets) For capital adequacy purposes Amount | $ 42,896 | $ 38,758 | |
Common equity tier 1 capital (to risk-weighted assets) For capital adequacy purposes Ratio | 4.50% | 4.50% | |
Common equity tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions Amount | |||
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes Amount | $ 57,194 | $ 51,677 | |
Tier 1 capital (to risk-weighted assets) For capital adequacy purposes Ratio | 6.00% | 6.00% | |
Tier 1 capital (to risk-weighted assets) To be well capitalized under the FDICIA prompt corrective action provisions Amount | |||
Tier 1 capital (to average assets) Actual Amount | $ 127,723 | $ 83,643 | |
Tier 1 capital (to average assets) Actual Ratio | 11.74% | 8.36% | |
Tier 1 capital (to average assets) For capital adequacy purposes Amount | $ 43,506 | $ 40,030 | |
Tier 1 capital (to average assets) For capital adequacy purposes Ratio | 4.00% | 4.00% | |
Tier 1 capital (to average assets) To be well capitalized under the FDICIA prompt corrective action provisions Amount |
Risk-Based Capital (Details Tex
Risk-Based Capital (Details Textual) | 1 Months Ended | 9 Months Ended |
Jan. 31, 2015 | Sep. 30, 2017 | |
Schedule of regulatory matters [Line Items] | ||
Derivative Conversion Factors | One of four credit conversion factors (0%, 20%, 50% and 100%) is assigned to loan commitments based on the likelihood of the off-balance sheet item becoming an asset. | |
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets | 2.50% | |
Well Capitalized Cet 1 Ratio | 10.00% | |
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets | 4.50% | |
Tier One Leverage Capital Required to be Well Capitalized to Average Assets | 8.00% | |
Tier One Risk Based Capital Required To Be Well Capitalized To Risk Weighted Assets | 6.50% | |
Capital Required To Be Well Capitalized To Risk Weighted Assets | 5.00% | |
Description of Regulatory Requirements, Capital Adequacy Purposes | the minimum Tier 1 capital ratio (from 4% to 6% of risk-weighted assets), imposed a minimum leverage ratio of 4.0%, and changed the risk-weight of certain assets to better reflect credit risk and other risk exposures. These include, among other things, a 150% risk weight for certain high volatility commercial real estate acquisition, development and construction loans and for non-residential mortgage loans that are 90 days past due or otherwise in non-accrual status, and a 20% credit conversion factor for the unused portion of a commitment with an original maturity of one year or less that is not unconditionally cancellable. | The final rule, which became effective on January 1, 2015, applies to all depository institutions, top-tier bank holding companies with total consolidated assets of $1 billion or more and top-tier savings and loan holding companies. |
Preferred Stock (Details Textua
Preferred Stock (Details Textual) - USD ($) | 1 Months Ended | 9 Months Ended | |
Sep. 22, 2011 | Sep. 30, 2017 | May 06, 2016 | |
Preferred Stock [Line Items] | |||
Preferred Stock, Value, Issued | $ 12,562,000 | ||
Second Through Tenth Dividend Periods [Member] | Maximum [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Dividend Rate, Percentage | 5.00% | ||
Second Through Tenth Dividend Periods [Member] | Minimum [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Dividend Rate, Percentage | 1.00% | ||
Eleventh through Nineteenth Dividend Periods [Member] | Maximum [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Dividend Rate, Percentage | 7.00% | ||
Eleventh through Nineteenth Dividend Periods [Member] | Minimum [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Dividend Rate, Percentage | 1.00% | ||
Series AA Preferred Stock Remains Outstanding for More than Four and One Half Years [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Dividend Rate, Percentage | 9.00% | ||
Small Business Lending Fund Program [Member] | |||
Preferred Stock [Line Items] | |||
Funds Raised from Small Business Act | $ 30,000,000,000 | ||
Small Business Lending Fund Program [Member] | Minimum [Member] | |||
Preferred Stock [Line Items] | |||
Funds Raised from Small Business Act | $ 10,000,000,000 | ||
Qualified Small Business Lending [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Aggregate Liquidation Amount, Dividend Rate, Percentage | 5.00% | ||
Senior Non Cumulative Perpetual Preferred Stock Series AA [Member] | |||
Preferred Stock [Line Items] | |||
Preferred Stock, Shares Issued | 12,562 | 12,562 | |
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ 1,000 | ||
Preferred Stock, Value, Issued | $ 12,562,000 | $ 12,562,000 |
Fair Value (Details)
Fair Value (Details) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | $ 67,883 | $ 38,728 |
Loans held for sale | 52,683 | 51,054 |
Loans held for investment | 1,674 | 6,580 |
U.S. Government agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 63,038 | 34,463 |
Mortgage backed securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 1,300 | 1,298 |
Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 52,683 | 51,054 |
Loans held for investment | 1,674 | 6,580 |
Rate lock commitments | 703 | 528 |
Fair Value, Measurements, Recurring [Member] | U.S. Government agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 63,038 | 34,463 |
Fair Value, Measurements, Recurring [Member] | U.S. Government treasuries [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 1,498 | 1,504 |
Fair Value, Measurements, Recurring [Member] | Mortgage backed securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 1,300 | 1,298 |
Fair Value, Measurements, Recurring [Member] | Other Investments [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 2,047 | 1,463 |
Fair Value, Inputs, Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for investment | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Loans held for investment | 0 | 0 |
Rate lock commitments | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government treasuries [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage backed securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Other Investments [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for investment | 1,674 | 6,580 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 52,683 | 51,054 |
Loans held for investment | 1,674 | 6,580 |
Rate lock commitments | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 63,038 | 34,463 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government treasuries [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 1,498 | 1,504 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage backed securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 1,300 | 1,298 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Other Investments [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 1,979 | 1,463 |
Fair Value, Inputs, Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for investment | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Loans held for investment | 0 | 0 |
Rate lock commitments | 703 | 528 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Government treasuries [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage backed securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Other Investments [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Investment securities | $ 68 | $ 0 |
Fair Value (Details 1)
Fair Value (Details 1) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Carrying Fair Value Amount, Loans held for investment | $ 1,674 | $ 6,580 |
Loans held for sale [Member] | ||
Carrying Fair Value Amount, Loans held for sale | 52,683 | 51,054 |
Aggregate Unpaid Principal, Loans held for sale | 51,144 | 49,709 |
Difference,Loans held for sale | 1,539 | 1,345 |
Aggregate Unpaid Principal, Loans held for investment | 1,539 | 1,345 |
Loans held for investment [Member] | ||
Difference,Loans held for sale | 1,623 | 6,794 |
Carrying Fair Value Amount, Loans held for investment | 1,674 | 6,580 |
Aggregate Unpaid Principal, Loans held for investment | 1,623 | 6,794 |
Difference, Loans held for investment | $ 51 | $ (214) |
Fair Value (Details 2)
Fair Value (Details 2) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2017 | Dec. 31, 2016 | |
Balance, beginning of period | $ 528 | $ 508 |
Privately held equity investment | 68 | 0 |
Net gains included in realized and unrealized gains on mortgage banking activity in noninterest income | 175 | 20 |
Balance, end of period | $ 771 | $ 528 |
Fair Value (Details 3)
Fair Value (Details 3) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | $ 2,133 | $ 2,350 |
Loans held for sale | 52,683 | 51,054 |
Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 4,700 | 5,000 |
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 2,133 | 2,350 |
Fair Value, Measurements, Nonrecurring [Member] | Construction and Land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 867 | 125 |
Fair Value, Measurements, Nonrecurring [Member] | Residential - First Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 1,927 | 778 |
Fair Value, Measurements, Nonrecurring [Member] | Residential Junior Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 6 | 37 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 698 | 509 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Non Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 5,880 | 3,148 |
Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan and Leases [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 2,805 | 3,066 |
Fair Value, Measurements, Nonrecurring [Member] | Consumer Loan [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 95 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction and Land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential - First Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Junior Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Non Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan and Leases [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Consumer Loan [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction and Land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential - First Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Junior Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Non Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan and Leases [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Consumer Loan [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 2,133 | 2,350 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Construction and Land [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 867 | 125 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential - First Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 1,927 | 778 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Residential Junior Lien [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 6 | 37 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 698 | 509 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Non Owner Occupied [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 5,880 | 3,148 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Commercial Loan and Leases [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | 2,805 | 3,066 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Consumer Loan [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | $ 0 | $ 95 |
Fair Value (Details 4)
Fair Value (Details 4) - USD ($) $ in Thousands | Sep. 30, 2017 | Dec. 31, 2016 |
Financial Assets | ||
Available for sale securities, Carrying Amount | $ 67,883 | $ 38,728 |
Held to maturity securities, Fair Value | 9,345 | 6,584 |
Held to maturity securities, Carrying Amount | 9,250 | 6,250 |
Nonmarketable equity securities, Carrying Amount | 5,982 | 5,103 |
Loans held for sale, Carrying Amount | 52,683 | 51,054 |
Loans held for investment, Fair Value | 1,674 | 6,580 |
Loans held for investment, Carrying Amount | 1,674 | 6,580 |
Rate lock commitments, Carrying Amount | 703 | 528 |
Loans and leases, Carrying Amount | 884,878 | 808,516 |
Available for sale securities, Fair value | 67,883 | 38,728 |
Nonmarketable equity securities, Fair value | 5,982 | 5,103 |
Loans held for sale, Fair value | 52,683 | 51,054 |
Rate lock commitments, Fair Value | 703 | 528 |
Loans and leases, Fair value | 880,668 | 813,981 |
Financial Liabilities | ||
Deposits, Carrying Amount | 862,085 | 808,734 |
Short-term borrowings, Carrying Amount | 128,471 | 107,056 |
Long-term borrowings, Carrying Amount | 6,552 | 20,517 |
Deposits, Fair value | 863,236 | 809,703 |
Short-term borrowings, Fair value | 128,471 | 107,056 |
Long-term borrowings, Fair value | 6,552 | 20,554 |
Fair Value, Inputs, Level 1 [Member] | ||
Financial Assets | ||
Held to maturity securities, Fair Value | 0 | 0 |
Loans held for investment, Fair Value | 0 | 0 |
Available for sale securities, Fair value | 0 | 0 |
Nonmarketable equity securities, Fair value | 0 | 0 |
Loans held for sale, Fair value | 0 | 0 |
Rate lock commitments, Fair Value | 0 | 0 |
Loans and leases, Fair value | 0 | 0 |
Financial Liabilities | ||
Deposits, Fair value | 0 | 0 |
Short-term borrowings, Fair value | 0 | 0 |
Long-term borrowings, Fair value | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | ||
Financial Assets | ||
Held to maturity securities, Fair Value | 0 | 0 |
Loans held for investment, Fair Value | 1,674 | 6,580 |
Available for sale securities, Fair value | 67,815 | 38,728 |
Nonmarketable equity securities, Fair value | 5,982 | 5,103 |
Loans held for sale, Fair value | 52,683 | 51,054 |
Rate lock commitments, Fair Value | 0 | 0 |
Loans and leases, Fair value | 0 | 0 |
Financial Liabilities | ||
Deposits, Fair value | 863,236 | 809,703 |
Short-term borrowings, Fair value | 128,471 | 107,056 |
Long-term borrowings, Fair value | 6,552 | 20,554 |
Fair Value, Inputs, Level 3 [Member] | ||
Financial Assets | ||
Held to maturity securities, Fair Value | 9,345 | 6,584 |
Loans held for investment, Fair Value | 0 | 0 |
Available for sale securities, Fair value | 68 | 0 |
Nonmarketable equity securities, Fair value | 0 | 0 |
Loans held for sale, Fair value | 0 | 0 |
Rate lock commitments, Fair Value | 703 | 528 |
Loans and leases, Fair value | 880,668 | 813,981 |
Financial Liabilities | ||
Deposits, Fair value | 0 | 0 |
Short-term borrowings, Fair value | 0 | 0 |
Long-term borrowings, Fair value | $ 0 | $ 0 |
Fair Value (Details Textual)
Fair Value (Details Textual) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other Real Estate | $ 2,133 | $ 2,350 | |
Impaired Financing Receivable, Related Allowance | 918 | 2,155 | |
Other Real Estate, Period Increase (Decrease), Total | 99 | 83 | |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 206 | ||
Gain (Loss) on Sales of Loans, Net | 48 | $ 612 | |
Other Real Estate Owned [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other Real Estate | 4,700 | 5,000 | |
Other Real Estate, Valuation Adjustments | $ 2,600 | 2,700 | |
Impairment Calculation Method, Description | Various techniques are used to valuate OREO and impaired loans. All loans for which the underlying collateral is real estate, either construction, land, commercial, or residential, an independent appraisal is used to identify the value of the collateral. The approaches within the appraisal report include sales comparison, income, and replacement cost analysis. The resulting value will be adjusted by a selling cost of 9.5% and the residual value will be used to determine if there is an impairment. Commercial loans and leases and consumer loans utilize a liquidation approach to the impairment analysis. | ||
Other Real Estate Owned [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Other Real Estate | $ 2,133 | $ 2,350 | |
Interest Rate Lock Commitments [Member] | Minimum [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Pull Through Rate | 70.00% | ||
Interest Rate Lock Commitments [Member] | Maximum [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Pull Through Rate | 80.00% | ||
Loans Held For Sale [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Gain (Loss) on Sales of Loans, Net | $ 194 | ||
Loans Held For Investment [Member] | Fair Value, Measurements, Nonrecurring [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Gain (Loss) on Sales of Loans, Net | $ 90 |