Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2018 | Aug. 10, 2018 | |
Document Information [Line Items] | ||
Entity Registrant Name | HomeTown Bankshares Corp | |
Entity Central Index Key | 1,461,640 | |
Trading Symbol | hmta | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 5,811,483 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2018 | |
Document Fiscal Year Focus | 2,018 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Balance Sheets (Cu
Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | [1] |
Assets | |||
Cash and due from banks | $ 20,689 | $ 21,714 | |
Federal funds sold | 319 | 180 | |
Securities available for sale, at fair value | 47,915 | 55,344 | |
Restricted equity securities, at cost | 2,546 | 2,371 | |
Loans held for sale | 280 | 1,587 | |
Loans, net of allowance for loan losses of $3,917 in 2018 and $3,758 in 2017 | 457,535 | 440,437 | |
Property and equipment, net | 13,144 | 12,937 | |
Other real estate owned, net of valuation allowance of $955 in 2018 and $797 in 2017 | 3,414 | 3,249 | |
Bank owned life insurance | 8,097 | 8,669 | |
Accrued income | 2,592 | 2,681 | |
Other assets | 1,577 | 1,084 | |
Total assets | 558,108 | 550,253 | |
Liabilities and Stockholders’ Equity | |||
Noninterest-bearing | 112,112 | 106,956 | |
Interest-bearing | 368,973 | 370,364 | |
Total deposits | 481,085 | 477,320 | |
Federal Home Loan Bank borrowings | 15,116 | 11,028 | |
Subordinated notes | 7,269 | 7,254 | |
Other borrowings | 275 | 1,558 | |
Accrued interest payable | 361 | 368 | |
Other liabilities | 1,925 | 1,833 | |
Total liabilities | 506,031 | 499,361 | |
Commitments and contingencies | |||
Stockholders’ equity: | |||
Common stock, $5 par value; authorized 10,000,000 shares, issued and outstanding 5,811,483 (includes 42,495 restricted shares) at June 30, 2018 and 5,775,597 (includes 32,087 restricted shares) at December 31, 2017 | 28,845 | 28,777 | |
Surplus | 18,117 | 17,980 | |
Retained earnings | 5,698 | 3,767 | |
Accumulated other comprehensive loss | (916) | (141) | |
Total HomeTown Bankshares Corporation stockholders’ equity | 51,744 | 50,383 | |
Noncontrolling interest in consolidated subsidiary | 333 | 509 | |
Total stockholders’ equity | 52,077 | 50,892 | |
Total liabilities and stockholders' equity | $ 558,108 | $ 550,253 | |
[1] | Derived from consolidated audited financial statements. |
Consolidated Balance Sheets (C3
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | [1] |
Loans, allowance for loan losses | $ 3,917 | $ 3,758 | |
Other real estate owned, valuation allowance | $ 955 | $ 797 | |
Common stock, par value (in dollars per share) | $ 5 | $ 5 | |
Common stock, authorized shares (in shares) | 10,000,000 | 10,000,000 | |
Common stock, shares issued (in shares) | 5,811,483 | 5,775,597 | |
Common stock, shares outstanding (in shares) | 5,811,483 | 5,775,597 | |
Common stock, restricted shares (in shares) | 42,495 | 32,087 | |
[1] | Derived from consolidated audited financial statements. |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | ||||
Interest and dividend income: | |||||||
Loans and fees on loans | $ 5,126 | $ 4,703 | $ 10,030 | $ 9,327 | |||
Taxable investment securities | 271 | 260 | 562 | 500 | |||
Nontaxable investment securities | 57 | 76 | 116 | 164 | |||
Dividends on restricted stock | 38 | 33 | 73 | 65 | |||
Other interest income | 40 | 50 | 90 | 92 | |||
Total interest and dividend income | 5,532 | 5,122 | 10,871 | 10,148 | |||
Interest expense: | |||||||
Deposits | 660 | 552 | 1,237 | 1,106 | |||
Subordinated notes | 134 | 134 | 268 | 268 | |||
Other borrowed funds | 86 | 60 | 158 | 114 | |||
Total interest expense | 880 | 746 | 1,663 | 1,488 | |||
Net interest income | 4,652 | 4,376 | 9,208 | 8,660 | |||
Provision for loan losses | 110 | 465 | 347 | 535 | |||
Net interest income after provision for loan losses | 4,542 | 3,911 | 8,861 | 8,125 | |||
Noninterest income: | |||||||
Gains on sales of investment securities, net | 29 | 60 | 42 | ||||
Income from life insurance death benefit | 12 | 642 | |||||
Other income | 171 | 375 | 313 | 525 | |||
Total noninterest income | 789 | 1,033 | 2,176 | 1,731 | |||
Noninterest expense: | |||||||
Salaries and employee benefits | 2,133 | 2,064 | 4,352 | 4,053 | |||
Occupancy and equipment expense | 407 | 439 | 837 | 854 | |||
Data processing expense | 374 | 318 | 797 | 645 | |||
ATM processing expense | 24 | 61 | 41 | 123 | |||
Advertising and marketing expense | 174 | 142 | 355 | 272 | |||
Professional fees | 165 | 132 | 274 | 365 | |||
Bank franchise taxes | 106 | 99 | 207 | 199 | |||
FDIC insurance expense | 74 | 71 | 156 | 103 | |||
Losses on sales and writedowns of other real estate, net | 380 | 158 | 380 | ||||
Other real estate owned expense | 64 | 24 | 205 | 37 | |||
Directors’ fees | 98 | 108 | 203 | 209 | |||
Other expense | 491 | 474 | 882 | 865 | |||
Total noninterest expense | 4,110 | 4,312 | 8,467 | 8,105 | |||
Net income before income taxes | 1,221 | 632 | 2,570 | 1,751 | |||
Income tax expense | 232 | 176 | 379 | 518 | |||
Net income | 989 | 456 | 2,191 | 1,233 | |||
Less net income attributable to non-controlling interest | 16 | 22 | 28 | 34 | |||
Net income attributable to HomeTown Bankshares Corporation | $ 973 | $ 434 | $ 2,163 | $ 1,199 | |||
Basic earnings per common share (in dollars per share) | $ 0.17 | $ 0.08 | [1] | $ 0.37 | [1] | $ 0.21 | [1] |
Diluted earnings per common share (in dollars per share) | $ 0.17 | $ 0.08 | [1] | $ 0.37 | [1] | $ 0.21 | [1] |
Weighted average common shares outstanding (in shares) | 5,806,960 | 5,768,670 | [1] | 5,801,016 | [1] | 5,766,041 | [1] |
Diluted weighted average common shares outstanding (in shares) | 5,852,758 | 5,789,905 | [1] | 5,846,814 | [1] | 5,787,276 | [1] |
Deposit Account [Member] | |||||||
Noninterest income: | |||||||
Revenue from Contract with Customer | $ 147 | $ 146 | $ 280 | $ 296 | |||
Financial Service, Other [Member] | |||||||
Noninterest income: | |||||||
Revenue from Contract with Customer | 262 | 228 | 489 | 406 | |||
Mortgage Banking [Member] | |||||||
Noninterest income: | |||||||
Revenue from Contract with Customer | $ 197 | $ 255 | $ 392 | $ 462 | |||
[1] | Restated for the 4% stock dividend distributed July 11, 2016 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Net income | $ 989 | $ 456 | $ 2,191 | $ 1,233 |
Other comprehensive income (loss): | ||||
Net unrealized holding gains (losses) on securities available for sale during the period | (171) | 431 | (921) | 509 |
Deferred income tax benefit (expense) on unrealized holding gains on securities available for sale | 36 | (146) | 193 | (173) |
Reclassification adjustment for gains on sales of investment securities included in net income | (29) | (60) | (42) | |
Tax expense related to realized gains on securities sold | 10 | 13 | 14 | |
Total other comprehensive income (loss) | (135) | 266 | (775) | 308 |
Comprehensive income | 854 | 722 | 1,416 | 1,541 |
Less: Comprehensive income attributable to the non-controlling interest | 16 | 22 | 28 | 34 |
Comprehensive income attributable to HomeTown Bankshares Corporation | $ 838 | $ 700 | $ 1,388 | $ 1,507 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |
Cash flows from operating activities: | |||||
Net income | $ 989 | $ 456 | $ 2,191 | $ 1,233 | |
Adjustments to reconcile net income to net cash provided by operations: | |||||
Depreciation and amortization | 344 | 367 | |||
Provision for loan losses | 110 | 465 | 347 | 535 | $ 1,142 |
Amortization of premium on securities, net | 215 | 238 | |||
Amortization of discount on subordinated notes | 15 | 15 | |||
Gains on sales of loans held for sale | (279) | (327) | |||
Losses on sales and writedowns of other real estate, net | 380 | 158 | 380 | ||
Gains on sales of investment securities | (60) | (42) | |||
Increase in value of life insurance contracts | (102) | (97) | |||
Income from life insurance benefit | (12) | (642) | |||
Stock compensation expense | 114 | 73 | |||
Originations of loans held for sale | (13,435) | (15,383) | |||
Proceeds from sales of loans held for sale | 15,021 | 15,280 | |||
Changes in assets and liabilities: | |||||
Accrued income | 89 | (162) | |||
Other assets | (84) | (440) | |||
Deferred taxes, net | (203) | (175) | |||
Accrued interest payable | (7) | 27 | |||
Other liabilities | 92 | (177) | |||
Net cash flows provided by operating activities | 3,774 | 1,345 | |||
Cash flows from investing activities: | |||||
Net increase in federal funds sold | (139) | (51) | |||
Purchases of available for sale securities | (900) | (6,696) | |||
Sales, maturities, and calls of available for sale securities | 7,193 | 11,276 | |||
Purchase of restricted equity securities, net | (175) | (158) | |||
Net increase in loans | (18,142) | (15,981) | |||
Proceeds from sales of other real estate | 374 | 646 | |||
Death benefit from bank owned life insurance | 1,316 | ||||
Purchases of property and equipment | (551) | (173) | |||
Net cash flows used in investing activities | (11,024) | (11,137) | |||
Cash flows from financing activities: | |||||
Net increase in noninterest-bearing deposits | 5,156 | 25,184 | |||
Net increase (decrease) in interest-bearing deposits | (1,391) | 324 | |||
Net increase in FHLB borrowings | 4,088 | 3,694 | |||
Net decrease in other borrowings | (1,283) | (17) | |||
Distribution of equity of noncontrolling interest | (204) | ||||
Common stock cash dividends paid | (232) | ||||
Exercise of stock options | 91 | 13 | |||
Net settlement of vested restricted stock | (17) | ||||
Net cash flows provided by financing activities | 6,225 | 29,181 | |||
Net increase (decrease) in cash and cash equivalents | (1,025) | 19,389 | |||
Cash and cash equivalents, beginning | 21,714 | 18,229 | 18,229 | ||
Cash and cash equivalents, ending | $ 20,689 | $ 37,618 | 20,689 | 37,618 | $ 21,714 |
Supplemental disclosure of cash flow information: | |||||
Cash payments for interest | 1,670 | 1,446 | |||
Cash payments for income taxes | 510 | 786 | |||
Supplemental disclosure of noncash investing and financing activities: | |||||
Transfer from loans to other real estate owned | 697 | ||||
Change in unrealized gains and losses on available for sale securities | $ (981) | $ 467 |
Note 1 - Organization and Summa
Note 1 - Organization and Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | Note 1. Organization On September 4, 2009, one one November 9, 2004 November 14, 2005. Basis of Presentation The consolidated financial statements as of June 30, 2018 June 30, 2018 2017 Management believes that all interim adjustments for the periods ended June 30, 2018 December 31, 2017, 10 December 31, 2017. not The accounting and reporting policies of the Company follow generally accepted accounting principles and general practices within the financial services industry. The consolidated financial statements of HomeTown Bankshares Corporation include the accounts of its wholly-owned subsidiary HomeTown Bank and the accounts of its subsidiary, HomeTown Residential Mortgage LLC. HomeTown Bank owns a 49% not Except as noted below, the Company’s accounting policies and basic principles have not 10 10 Adoption of New Accounting Standards During the first 2018, 2016 01, 825 10 2016 01, 1 2 3 4 No. 2016 01 January 1, 2018 not 2 June 30, 2018 7 During the first 2018, 2016 10, 606 not 2016 10 not Revenue Recognition On January 1, 2018, No. 2016 10 606 606. not not January 1, 2018 606, not 605. Topic 606 not not 606 not 606. 606 Service Charges on Deposit Accounts Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Fees, Exchange, and Other Service Charges Fees, exchange, and other service charges are primarily comprised of debit and credit card income, ATM fees, merchant services income, and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Annuity and Insurance Annuity and insurance income primarily consists of commissions received on annuity product sales. The Company acts as an intermediary between the Company’s customer and the insurance carrier. The Company’s performance obligation is generally satisfied upon the issuance of the annuity policy. Shortly after the policy is issued, the carrier remits the commission payment to the Company, and the Company recognizes the revenue. The Company does not not Other Other noninterest income consists of other recurring revenue streams such as commissions from sales of mutual funds and other investments, investment advisor fees from wealth management products, safety deposit box rental fees, and other miscellaneous revenue streams. Commissions from the sale of mutual funds and other investments are recognized on trade date, which is when the Company has satisfied its performance obligation. The Company also receives periodic service fees (i.e., trailers) from mutual fund companies typically based on a percentage of net asset value. Trailer revenue is recorded over time, usually monthly or quarterly, as net asset value is determined. Investment advisor fees from wealth management products are earned over time and based on an annual percentage rate of the net asset value. The investment advisor fees are charged to the customer’s account in advance on the first three |
Note 2 - Investment Securities
Note 2 - Investment Securities | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 2. The amortized cost and fair value of available-for-sale securities as of June 30, 2018 December 31, 2017, (Dollars In Thousands) June 30, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U. S. Government agency securities $ 12,016 $ 18 $ (264 ) $ 11,770 Mortgage-backed securities and CMO’s 21,277 - (843 ) 20,434 Corporate securities 6,641 31 (62 ) 6,610 Municipal securities 9,141 100 (140 ) 9,101 $ 49,075 $ 149 $ (1,309 ) $ 47,915 (Dollars In Thousands) December 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U. S. Government agency securities $ 13,475 $ 61 $ (101 ) $ 13,435 Mortgage-backed securities and CMO’s 24,344 12 (375 ) 23,981 Corporate securities 6,991 118 (42 ) 7,067 Municipal securities 10,713 213 (65 ) 10,861 $ 55,523 $ 404 $ (583 ) $ 55,344 U. S. Government agency securities: thirty not not may not June 30, 2018. Mortgage-backed securities and CMO’s: thirty-four not not may not June 30, 2018. Corporate securities : five not not June 30, 2018. Municipal securities: eight not not may not June 30, 2018. The following tables demonstrate the unrealized loss position of available-for-sale securities at June 30, 2018 December 31, 2017. June 30, 2018 Less than 12 months 12 months or more Total (Dollars In Thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U. S. Government agency securities $ 7,521 $ (186 ) $ 2,881 $ (78 ) $ 10,402 $ (264 ) Mortgage-backed securities and CMO’s 11,599 (467 ) 8,724 (376 ) 20,323 (843 ) Corporate securities 3,118 (62 ) - - 3,118 (62 ) Municipal securities 1,465 (11 ) 2,456 (129 ) 3,921 (140 ) $ 23,703 $ (726 ) $ 14,061 $ (583 ) $ 37,764 $ (1,309 ) December 31, 2017 Less than 12 months 12 months or more Total (Dollars In Thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Government agency securities $ 6,859 $ (44 ) $ 2,995 $ (57 ) $ 9,854 $ (101 ) Mortgage-backed securities and CMO’s 15,624 (192 ) 7,386 (183 ) 23,010 (375 ) Corporate securities 1,438 (42 ) - - 1,438 (42 ) Municipal securities 453 (3 ) 2,332 (62 ) 2,785 (65 ) $ 24,374 $ (281 ) $ 12,713 $ (302 ) $ 37,087 $ (583 ) There are 77 $37.8 June 30, 2018. June 30, 2018, not The Company realized gains of $69 $9 first six 2018. $102 $60 The amortized cost and fair values of investment securities available for sale at June 30, 2018, (Dollars In Thousands) Amortized Cost Fair Value One year or less $ - $ - Over one through five years 3,095 3,035 Over five through ten years 14,196 14,048 Greater than 10 years 31,784 30,832 $ 49,075 $ 47,915 |
Note 3 - Loans Receivable
Note 3 - Loans Receivable | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block] | Note 3. The major classifications of loans in the consolidated balance sheets at June 30, 2018 December 31, 2017 (Dollars In Thousands) June 30, 2018 December 31, 2017 Construction loans: Residential $ 20,143 $ 15,221 Land acquisition, development & commercial 21,343 35,601 Real estate: Residential 134,721 121,649 Commercial 188,677 173,999 Commercial, industrial & agricultural 59,472 61,129 Equity lines 29,294 28,835 Consumer 7,683 7,693 Overdrafts 119 68 Total 461,452 444,195 Less allowance for loan losses (3,917 ) (3,758 ) Loans, net $ 457,535 $ 440,437 The past due and nonaccrual status of loans as of June 30, 2018 (Dollars In Thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Nonaccrual Loans Construction loans: Residential $ 839 $ − $ − $ 839 $ 19,304 $ 20,143 $ − Land acquisition, development & commercial − − − − 21,343 21,343 308 Real estate: Residential 99 − − 99 134,622 134,721 460 Commercial 460 − − 460 188,217 188,677 471 Commercial, industrial & agricultural 13 − − 13 59,578 59,591 278 Equity lines 93 100 − 193 29,101 29,294 122 Consumer 12 − − 12 7,671 7,683 − Total $ 1,516 $ 100 $ − $ 1,616 $ 459,836 $ 461,452 $ 1,639 The past-due and nonaccrual status of loans as of December 31, 2017 (Dollars In Thousands) 30-59 Days Past-Due 60-89 Days Past-Due 90 Days or More Past-Due Total Past- Due Current Total Loans Nonaccrual Loans Construction: Residential $ – $ – $ – $ – $ 15,221 $ 15,221 $ – Land acquisition, development & commercial 43 – 274 317 35,284 35,601 274 Real Estate: Residential 589 870 546 2,005 119,644 121,649 173 Commercial 278 19 209 506 173,493 173,999 209 Commercial, industrial & agricultural 130 143 392 665 60,532 61,197 403 Equity lines 544 49 – 593 28,242 28,835 49 Consumer 17 2 36 55 7,638 7,693 36 Total $ 1,601 $ 1,083 $ 1,457 $ 4,141 $ 440,054 $ 444,195 $ 1,144 There were no ninety June 30, 2018. one $373 ninety December 31, 2017. Impaired loans, which include TDR’s of $4.0 June 30, 2018, June 30 , 2018 With no related allowance: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income Recognized Construction loans: Residential $ − $ − $ − $ − $ − Land acquisition, development & commercial 223 373 − 523 − Real estate: Residential 623 623 − 635 8 Commercial 4,301 4,301 − 4,385 78 Commercial, industrial & agricultural 182 182 − 191 − Equity lines 421 421 − 423 8 Consumer − − − − − Total loans with no allowance $ 5,750 $ 5,900 $ − $ 6,157 $ 94 June 30 , 2018 With an allowance recorded: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income Recognized Construction loans: Residential $ − $ − $ − $ − $ − Land acquisition, development & commercial − − − − − Real estate: Residential − − − − − Commercial − − − − − Commercial, industrial & agricultural − − − − − Equity lines − − − − − Consumer − − − − − Total loans with an allowance $ − $ − $ − $ − $ − Impaired loans, which include TDRs of $4.1 December 31, 2017, December 31, 2017 With no related allowance: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income Recognized Construction: Residential $ − $ − $ – $ − $ − Land acquisition, development & commercial 181 331 – 331 10 Real Estate: Residential 360 640 – 638 30 Commercial 4,098 4,273 – 4,166 161 Commercial, industrial & agricultural 379 379 – 379 15 Equity lines 299 299 – 300 14 Consumer − − – − − Total loans with no allowance $ 5,317 $ 5,922 $ – $ 5,814 $ 230 December 31, 2017 With an allowance recorded: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income Recognized Construction: Residential $ − $ − $ − $ − $ − Land acquisition, development & commercial − − − − − Real Estate: Residential − − − − − Commercial − − − 54 − Commercial, industrial & agricultural − − − − − Equity lines − − − − − Consumer − − − − − Total loans with an allowance $ − $ − $ − $ 54 $ − Troubled Debt Restructurings At June 30, 2018, four $4.0 four $4.1 December 31, 2017. four $3.8 not June 30, 2018. two one $203 June 30, 2018. No first six 2018 2017. Management considers troubled debt restructurings and subsequent defaults in restructured loans in the determination of the adequacy of the Company’s allowance for loan losses. When identified as a TDR, a loan is evaluated for potential loss based on the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price, or the estimated fair value of the collateral, less any selling costs if the loan is collateral dependent. Loans identified as TDRs frequently are on non-accrual status at the time of the restructuring and, in some cases, partial charge-offs may may may may may may |
Note 4 - Allowance for Loan Los
Note 4 - Allowance for Loan Losses | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Allowance for Credit Losses [Text Block] | Note 4. The following table presents, as of June 30, 2018, June 30 , 2018 Allowance for loan losses Loans Class of Loan (Dollars in Thousands) Beginning balance Charge- offs Recoveries Provisions Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Construction loans: Residential $ 94 $ − $ − $ 47 $ 141 $ − $ 141 $ 20,143 $ − $ 20,143 Land acquisition, development & commercial 311 − − (116 ) 195 − 195 21,343 223 21,120 Real estate: − Residential 955 (103 ) 30 126 1,008 − 1,008 134,721 623 134,098 Commercial 1,603 − − 134 1,737 − 1,737 188,677 4,301 184,376 Commercial, industrial & agricultural 441 (35 ) 1 50 457 − 457 59,591 182 59,409 Equity lines 237 − − 2 239 − 239 29,294 421 28,873 Consumer 108 (86 ) 5 108 135 − 135 7,683 − 7,683 Unallocated 9 − − (4 ) 5 − 5 − − − Total $ 3,758 $ (224 ) $ 36 $ 347 $ 3,917 $ − $ 3,917 $ 461,452 $ 5,750 $ 455,702 The following table presents, as of December 31, 2017, December 31, 2017 Allowance for loan losses Loans Class of Loan (Dollars in Thousands) Beginning balance Charge- offs Recoveries Provisions Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Construction loans: Residential $ 63 $ − $ − $ 31 $ 94 $ − $ 94 $ 15,221 $ − $ 15,221 Land acquisition, development & commercial 173 (150 ) − 288 311 − 311 35,601 181 35,420 Real estate: Residential 866 (293 ) − 382 955 − 955 121,649 360 121,289 Commercial 1,516 (454 ) 43 498 1,603 − 1,603 173,999 4,098 169,901 Commercial, industrial & agricultural 461 (80 ) − 60 441 − 441 61,197 379 60,818 Equity lines 338 − − (101 ) 237 − 237 28,835 299 28,536 Consumer 97 (101 ) 15 97 108 − 108 7,693 − 7,693 Unallocated 122 − − (113 ) 9 − 9 − − − Total $ 3,636 $ (1,078 ) $ 58 $ 1,142 $ 3,758 $ − $ 3,758 $ 444,195 $ 5,317 $ 438,878 Loans by credit quality indicators as of June 30, 2018 (Dollars in Thousands) Pass Accruing Special Mention Accruing Special Mention Nonaccrual Substandard Accruing Substandard Nonaccrual Doubtful Nonaccrual Total Construction loans: Residential $ 20,143 $ − $ − $ − $ − $ − $ 20,143 Land acquisition, development & commercial 21,035 − 266 − 42 − 21,343 Real estate loans: Residential 133,447 488 221 326 239 − 134,721 Commercial 185,974 1,646 − 586 471 − 188,677 Commercial, industrial, agricultural 59,145 155 118 13 146 14 59,591 Equity lines 28,873 − 122 299 − − 29,294 Consumer 7,683 − − − − − 7,683 Total Loans $ 456,300 $ 2,289 $ 727 $ 1,224 $ 898 $ 14 $ 461,452 Loans by credit quality indicators as of December 31, 2017 (Dollars in Thousands) Pass Special Mention Substandard Accruing Substandard Nonaccrual Doubtful Nonaccrual Total Construction loans: Residential $ 15,221 $ − $ − $ − $ − $ 15,221 Land acquisition, development & commercial 31,433 3,987 − 181 − 35,601 Real estate loans: Residential 120,575 342 559 − 173 121,649 Commercial 165,760 7,386 644 209 − 173,999 Commercial, industrial, agricultural 59,042 1,249 503 379 24 61,197 Equity lines 28,536 − 299 − − 28,835 Consumer 7,658 − − 35 − 7,693 Total Loans $ 428,225 $ 12,964 $ 2,005 $ 804 $ 197 $ 444,195 At June 30, 2018 December 31, 2017, not |
Note 5 - Other Real Estate Owne
Note 5 - Other Real Estate Owned | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Real Estate Owned [Text Block] | Note 5. Changes in other real estate owned for the six June 30, 2018 (Dollars in Thousands) Other Real Estate Owned Valuation Allowance Net Balance at the beginning of the year $ 4,046 $ (797 ) $ 3,249 Additions 697 — 697 Write downs — (158 ) (158 ) Sales (374 ) — (374 ) Balance at the end of the year $ 4,369 $ (955 ) $ 3,414 Changes in foreclosed properties for the six June 30, 2017 (Dollars in Thousands) Other Real Estate Owned Valuation Allowance Net Balance at the beginning of the year $ 4,619 $ (825 ) $ 3,794 Additions — — — Write downs — (380 ) (380 ) Sales (1,262 ) 616 (646 ) Balance at the end of the year $ 3,357 $ (589 ) $ 2,768 The major classifications of other real estate owned in the consolidated balance sheets at June 30, 2018 December 31, 2017 (Dollars in Thousands) June 30, 2018 December 31, 2017 Residential lots $ 1,398 $ 1,745 Residential development 366 — Residential real estate 1,197 1,024 Commercial lots 63 90 Commercial buildings 390 390 Total Other Real Estate Owned $ 3,414 $ 3,249 There were no June 30, 2018 December 31, 2017. Other real estate owned related expenses in the consolidated statements of income for the three six June 30, 2018 June 30, 2017 (Dollars In Thousands) Three months Ended June 30, 2018 Three months Ended June 30, 2017 Six months Ended June 30, 2018 Six months Ended June 30, 2017 Provision for unrealized losses $ – $ 380 $ 158 $ 380 Operating expenses 64 24 205 37 Total Other Real Estate Owned $ 64 $ 404 $ 363 $ 417 |
Note 6 - Stock Based Compensati
Note 6 - Stock Based Compensation | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 6. The Company recorded stock-based compensation expense of $114 $73 June 30, 2018 2017, The 2005 2016, no The Company used the Black-Scholes option pricing model to determine the fair value of stock options. The fair value of the stock based payment awards was affected by the price of the Company's stock and a number of financial assumptions and variables. These variables included the risk-free interest rate, expected dividend rate, expected stock price volatility and the expected life of the options. No 2018 2017. $36 $36 June 30, 2018 June 30, 2017, June 30, 2018, $101 1.5 A summary of option activity under the 2005 June 30, 2018 Options Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value (1) Weighted Average Contractual Term (years) Balance at December 31, 2017 187,000 $ 7.78 Granted – – Exercised (18,300 ) 7.83 Expired (31,500 ) 10.79 Forfeited – – Balance at June 30, 2018 137,200 $ 7.08 $ 958,186 6.24 Exercisable at June 30, 2018 80,000 $ 7.21 $ 548,474 6.07 ( 1 June 30, 2018. In 2009, 132,000 July 11, 2016, 4% 5,280 137,280. five $78 $37 June 30, 2018 2017, 22,649 8,258 June 30, 2018 June 30, 2017, 2018 $11.32 $9.87 2017. As of June 30, 2018, $395 2023. For the Six Months Ended June 30, 2018 For the Six Months Ended June 30, 2017 Shares Weighted- Average Grant Date Fair Value Shares Weighted- Average Grant Date Fair Value Nonvested at beginning of year 32,087 $ 8.63 31,546 $ 7.03 Granted 22,649 11.32 8,258 9.87 Vested (12,241 ) 7.71 (11,125 ) 6.03 Forfeited - - - - Nonvested at the end of the period 42,495 $ 10.33 28,679 $ 8.23 The Restricted Stock Plan provides for the adjustment of the total number of shares reserved for issuance under the plan and the number of shares covered by each outstanding Award for stock dividends and stock splits. |
Note 7 - Fair Value Measurement
Note 7 - Fair Value Measurement | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Fair Value Disclosures [Text Block] | Note 7. The Company uses a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. The three two Level 1 Level 2 Level 3 one The following describes the valuation techniques used by the Company to measure certain financial assets and liabilities recorded at fair value on a recurring basis in the consolidated financial statements: Securities available for sale: 1 not may 2 The following tables present the balances of financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2018 December 31, 2017: (Dollars in Thousands) Carrying value at June 30, 2018 Description Balance as of June 30, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government agency securities $ 11,770 $ – $ 11,770 $ – Mortgage-backed securities and CMO’s 20,434 – 20,434 – Corporate securities 6,610 – 6,610 – Municipal securities 9,101 – 9,101 – (Dollars in Thousands) Carrying value at December 31, 2017 Description Balance as of December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government agency securities $ 13,435 $ – $ 13,435 $ – Mortgage-backed securities and CMO’s 23,981 – 23,981 – Corporate securities 7,067 – 7,067 – Municipal securities 10,861 – 10,861 – Certain assets are measured at fair value on a nonrecurring basis in accordance with generally accepted accounting principles (GAAP). Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-market accounting or write-downs of individual assets. The following describes the valuation techniques used by the Company to measure certain assets recorded at fair value on a nonrecurring basis in the consolidated financial statements: Impaired Loans: not not one not 2. not no 3. Loans held for sale: two Other Real Estate Owned (OREO) 2. not not no 3. The following tables summarize the Company’s assets that were measured at fair value on a nonrecurring basis as of June 30, 2018 December 31, 2017. (Dollars in Thousands) Carrying value at June 30, 2018 Description Balance as of June 30, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Loans held for sale $ 280 $ – $ 280 $ – Other real estate owned 3,414 – 697 2,717 (Dollars in Thousands) Carrying value at December 31, 2017 Description Balance as of December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Loans held for sale $ 1,587 $ – $ 1,587 $ – Other real estate owned 3,249 – 697 2,717 At June 30, 2018 December 31, 2017, not The following table displays quantitative information about Level 3 June 30, 2018: (Dollars in Thousands) Quantitative information about Level 3 Fair Value Measurements for March 31, 2018 Assets Fair Value Valuation Technique(s) Unobservable input Range (Weighted Average) Other real estate owned $ 2,001 Discounted appraised value Selling cost 6 % - 10 % (8%) Discount for lack of marketability and age of appraisal 0 % - 43 % (0%) $ 716 Internal evaluations Internal evaluations 25 % - 25 % (25%) The following table displays quantitative information about Level 3 December 31, 2017: (Dollars in Thousands) Quantitative information about Level 3 Fair Value Measurements for December 31, 2017 Assets Fair Value Valuation Technique(s) Unobservable input Range (Weighted Average) Other real estate owned $ 2,254 Discounted appraised value Selling cost 6 % - 10 % (8%) Discount for lack of marketability and age of appraisal 0 % - 43 % (7%) $ 995 Internal evaluations Internal evaluations 19 % - 19 % (19%) The following tables summarize the estimated fair values of the Company’s financial instruments at June 30, 2018 December 31, 2017. not not may During the six June 30, 2018, 2016 01 825 10 not June 30, 2018. December 31, 2017 Carrying amount and estimated fair values of financial instruments were as follows for the periods indicated: (Dollars in Thousands) Fair value at June 30, 2018 Description Carrying value as of June 30, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Approximate Fair Values Financial assets Cash and due from banks $ 20,689 $ 20,689 $ – $ – $ 20,689 Federal funds sold 319 319 – – 319 Securities available for sale 47,915 – 47,915 – 47,915 Restricted equity securities 2,546 – 2,546 – 2,546 Loans held for sale 280 – 280 – 280 Loans, net 457,535 – – 448,501 448,501 Bank owned life insurance 8,097 – 8,097 – 8,097 Accrued income 2,592 – 2,592 – 2,592 Financial liabilities Total deposits 481,085 – 480,632 – 480,632 FHLB borrowings 15,116 – 15,102 – 15,102 Subordinated notes 7,269 – 7,704 – 7,704 Other borrowings 275 – 275 – 275 Accrued interest payable 361 – 361 – 361 The carrying amounts and approximate fair values of the Company's financial instruments are as follows at December 31, 2017: (Dollars in Thousands) Fair value at December 31, 2017 Description Carrying value as of December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Approximate Fair Values Financial assets Cash and due from banks $ 21,714 $ 21,714 $ – $ – $ 21,714 Federal funds sold 180 180 – – 180 Securities available for sale 55,344 – 55,344 – 55,344 Restricted equity securities 2,371 – 2,371 – 2,371 Loans held for sale 1,587 – 1,587 – 1,587 Loans, net 440,437 – – 438,449 438,449 Bank owned life insurance 8,669 – 8,669 – 8,669 Accrued income 2,681 – 2,681 – 2,681 Financial liabilities Total deposits 477,320 – 477,599 – 477,599 FHLB borrowings 11,028 – 11,150 – 11,150 Subordinated notes 7,254 – 7,890 – 7,890 Other borrowings 1,558 – 1,558 – 1,558 Accrued interest payable 368 – 368 – 368 |
Note 8 - Reclassifications Out
Note 8 - Reclassifications Out of Other Comprehensive Income | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | Note 8. Items reclassified in their entirety to net income for the three six June 30, 2018 2017 Details about Other Comprehensive Components Amounts Reclassified from Other Comprehensive Income for the Three Months Ended June 30, Affected Line Item in the Statement Where Net Income is Presented (Dollars In Thousands) 2018 2017 Available for sale securities Realized gains on sales of securities held for sale during the period consider available for sale $ - $ 29 Gains on sales of investment securities Tax expense related to realized gains on securities sold - 10 Income tax expense $ - $ 19 Net income Details about Other Comprehensive Components Amounts Reclassified from Other Comprehensive Income for the Six Months Ended June 30, Affected Line Item in the Statement Where Net Income is Presented (Dollars In Thousands) 2017 2017 Available for sale securities Realized gains on sales of securities held for sale during the period consider available for sale $ 60 $ 42 Gains on sales of investment securities Tax expense related to realized gains on securities sold 13 14 Income tax expense $ 47 $ 28 Net income |
Note 9 - Earnings Per Common Sh
Note 9 - Earnings Per Common Share | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 9. The following tables show the weighted average number of shares used in computing earnings per common share and the effect on weighted average number of shares of diluted potential common stock. For the Three Months Ended June 30, 2018 2017 Dollars in Thousands, except share and per share data Weighted Average Common Shares Outstanding Net Income Available to Common Shareholders Per Share Amount Weighted Average Common Shares Outstanding Net Income Available to Common Shareholders Per Share Amount Earnings per common share, basic 5,806,960 $ 973 $ 0.17 5,768,670 $ 434 $ 0.08 Effect of dilutive securities: Dilutive stock options 45,798 − - 21,235 − − Earnings per common share, diluted 5,852,758 $ 973 $ 0.17 5,789,905 $ 434 $ 0.08 For the Six Months Ended June 30 , 2018 2017 Dollars in Thousands, except share and per share data Weighted Average Common Shares Outstanding Net Income Available to Common Shareholders Per Share Amount Weighted Average Common Shares Outstanding Net Income Available to Common Shareholders Per Share Amount Earnings per common share, basic 5,801,016 $ 2,163 $ 0.37 5,766,041 $ 1,199 $ 0.21 Effect of dilutive securities: Dilutive stock options 45,798 − − 21,235 − − Earnings per common share, diluted 5,846,814 $ 2,163 $ 0.37 5,787,276 $ 1,119 $ 0.21 At June 30, 2018, no June 30, 2017, 33,000. |
Note 10 - Subsequent Events
Note 10 - Subsequent Events | 6 Months Ended |
Jun. 30, 2018 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 10. There were no |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2018 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of Presentation The consolidated financial statements as of June 30, 2018 June 30, 2018 2017 Management believes that all interim adjustments for the periods ended June 30, 2018 December 31, 2017, 10 December 31, 2017. not The accounting and reporting policies of the Company follow generally accepted accounting principles and general practices within the financial services industry. The consolidated financial statements of HomeTown Bankshares Corporation include the accounts of its wholly-owned subsidiary HomeTown Bank and the accounts of its subsidiary, HomeTown Residential Mortgage LLC. HomeTown Bank owns a 49% not Except as noted below, the Company’s accounting policies and basic principles have not 10 10 |
New Accounting Pronouncements, Policy [Policy Text Block] | Adoption of New Accounting Standards During the first 2018, 2016 01, 825 10 2016 01, 1 2 3 4 No. 2016 01 January 1, 2018 not 2 June 30, 2018 7 During the first 2018, 2016 10, 606 not 2016 10 not |
Revenue from Contract with Customer [Policy Text Block] | Revenue Recognition On January 1, 2018, No. 2016 10 606 606. not not January 1, 2018 606, not 605. Topic 606 not not 606 not 606. 606 Service Charges on Deposit Accounts Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Fees, Exchange, and Other Service Charges Fees, exchange, and other service charges are primarily comprised of debit and credit card income, ATM fees, merchant services income, and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Annuity and Insurance Annuity and insurance income primarily consists of commissions received on annuity product sales. The Company acts as an intermediary between the Company’s customer and the insurance carrier. The Company’s performance obligation is generally satisfied upon the issuance of the annuity policy. Shortly after the policy is issued, the carrier remits the commission payment to the Company, and the Company recognizes the revenue. The Company does not not Other Other noninterest income consists of other recurring revenue streams such as commissions from sales of mutual funds and other investments, investment advisor fees from wealth management products, safety deposit box rental fees, and other miscellaneous revenue streams. Commissions from the sale of mutual funds and other investments are recognized on trade date, which is when the Company has satisfied its performance obligation. The Company also receives periodic service fees (i.e., trailers) from mutual fund companies typically based on a percentage of net asset value. Trailer revenue is recorded over time, usually monthly or quarterly, as net asset value is determined. Investment advisor fees from wealth management products are earned over time and based on an annual percentage rate of the net asset value. The investment advisor fees are charged to the customer’s account in advance on the first three |
Note 2 - Investment Securities
Note 2 - Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Available-for-sale Securities Reconciliation [Table Text Block] | (Dollars In Thousands) June 30, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U. S. Government agency securities $ 12,016 $ 18 $ (264 ) $ 11,770 Mortgage-backed securities and CMO’s 21,277 - (843 ) 20,434 Corporate securities 6,641 31 (62 ) 6,610 Municipal securities 9,141 100 (140 ) 9,101 $ 49,075 $ 149 $ (1,309 ) $ 47,915 (Dollars In Thousands) December 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U. S. Government agency securities $ 13,475 $ 61 $ (101 ) $ 13,435 Mortgage-backed securities and CMO’s 24,344 12 (375 ) 23,981 Corporate securities 6,991 118 (42 ) 7,067 Municipal securities 10,713 213 (65 ) 10,861 $ 55,523 $ 404 $ (583 ) $ 55,344 |
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value [Table Text Block] | June 30, 2018 Less than 12 months 12 months or more Total (Dollars In Thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U. S. Government agency securities $ 7,521 $ (186 ) $ 2,881 $ (78 ) $ 10,402 $ (264 ) Mortgage-backed securities and CMO’s 11,599 (467 ) 8,724 (376 ) 20,323 (843 ) Corporate securities 3,118 (62 ) - - 3,118 (62 ) Municipal securities 1,465 (11 ) 2,456 (129 ) 3,921 (140 ) $ 23,703 $ (726 ) $ 14,061 $ (583 ) $ 37,764 $ (1,309 ) December 31, 2017 Less than 12 months 12 months or more Total (Dollars In Thousands) Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Government agency securities $ 6,859 $ (44 ) $ 2,995 $ (57 ) $ 9,854 $ (101 ) Mortgage-backed securities and CMO’s 15,624 (192 ) 7,386 (183 ) 23,010 (375 ) Corporate securities 1,438 (42 ) - - 1,438 (42 ) Municipal securities 453 (3 ) 2,332 (62 ) 2,785 (65 ) $ 24,374 $ (281 ) $ 12,713 $ (302 ) $ 37,087 $ (583 ) |
Investments Classified by Contractual Maturity Date [Table Text Block] | (Dollars In Thousands) Amortized Cost Fair Value One year or less $ - $ - Over one through five years 3,095 3,035 Over five through ten years 14,196 14,048 Greater than 10 years 31,784 30,832 $ 49,075 $ 47,915 |
Note 3 - Loans Receivable (Tabl
Note 3 - Loans Receivable (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (Dollars In Thousands) June 30, 2018 December 31, 2017 Construction loans: Residential $ 20,143 $ 15,221 Land acquisition, development & commercial 21,343 35,601 Real estate: Residential 134,721 121,649 Commercial 188,677 173,999 Commercial, industrial & agricultural 59,472 61,129 Equity lines 29,294 28,835 Consumer 7,683 7,693 Overdrafts 119 68 Total 461,452 444,195 Less allowance for loan losses (3,917 ) (3,758 ) Loans, net $ 457,535 $ 440,437 |
Past Due Financing Receivables [Table Text Block] | (Dollars In Thousands) 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Current Total Loans Nonaccrual Loans Construction loans: Residential $ 839 $ − $ − $ 839 $ 19,304 $ 20,143 $ − Land acquisition, development & commercial − − − − 21,343 21,343 308 Real estate: Residential 99 − − 99 134,622 134,721 460 Commercial 460 − − 460 188,217 188,677 471 Commercial, industrial & agricultural 13 − − 13 59,578 59,591 278 Equity lines 93 100 − 193 29,101 29,294 122 Consumer 12 − − 12 7,671 7,683 − Total $ 1,516 $ 100 $ − $ 1,616 $ 459,836 $ 461,452 $ 1,639 (Dollars In Thousands) 30-59 Days Past-Due 60-89 Days Past-Due 90 Days or More Past-Due Total Past- Due Current Total Loans Nonaccrual Loans Construction: Residential $ – $ – $ – $ – $ 15,221 $ 15,221 $ – Land acquisition, development & commercial 43 – 274 317 35,284 35,601 274 Real Estate: Residential 589 870 546 2,005 119,644 121,649 173 Commercial 278 19 209 506 173,493 173,999 209 Commercial, industrial & agricultural 130 143 392 665 60,532 61,197 403 Equity lines 544 49 – 593 28,242 28,835 49 Consumer 17 2 36 55 7,638 7,693 36 Total $ 1,601 $ 1,083 $ 1,457 $ 4,141 $ 440,054 $ 444,195 $ 1,144 |
Impaired Financing Receivables [Table Text Block] | June 30 , 2018 With no related allowance: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income Recognized Construction loans: Residential $ − $ − $ − $ − $ − Land acquisition, development & commercial 223 373 − 523 − Real estate: Residential 623 623 − 635 8 Commercial 4,301 4,301 − 4,385 78 Commercial, industrial & agricultural 182 182 − 191 − Equity lines 421 421 − 423 8 Consumer − − − − − Total loans with no allowance $ 5,750 $ 5,900 $ − $ 6,157 $ 94 June 30 , 2018 With an allowance recorded: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income Recognized Construction loans: Residential $ − $ − $ − $ − $ − Land acquisition, development & commercial − − − − − Real estate: Residential − − − − − Commercial − − − − − Commercial, industrial & agricultural − − − − − Equity lines − − − − − Consumer − − − − − Total loans with an allowance $ − $ − $ − $ − $ − December 31, 2017 With no related allowance: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income Recognized Construction: Residential $ − $ − $ – $ − $ − Land acquisition, development & commercial 181 331 – 331 10 Real Estate: Residential 360 640 – 638 30 Commercial 4,098 4,273 – 4,166 161 Commercial, industrial & agricultural 379 379 – 379 15 Equity lines 299 299 – 300 14 Consumer − − – − − Total loans with no allowance $ 5,317 $ 5,922 $ – $ 5,814 $ 230 December 31, 2017 With an allowance recorded: (Dollars In Thousands) Recorded Investment in Loans Unpaid Principal Balance Related Allowance Average Balance Total Loans Interest Income Recognized Construction: Residential $ − $ − $ − $ − $ − Land acquisition, development & commercial − − − − − Real Estate: Residential − − − − − Commercial − − − 54 − Commercial, industrial & agricultural − − − − − Equity lines − − − − − Consumer − − − − − Total loans with an allowance $ − $ − $ − $ 54 $ − |
Note 4 - Allowance for Loan L20
Note 4 - Allowance for Loan Losses (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | June 30 , 2018 Allowance for loan losses Loans Class of Loan (Dollars in Thousands) Beginning balance Charge- offs Recoveries Provisions Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Construction loans: Residential $ 94 $ − $ − $ 47 $ 141 $ − $ 141 $ 20,143 $ − $ 20,143 Land acquisition, development & commercial 311 − − (116 ) 195 − 195 21,343 223 21,120 Real estate: − Residential 955 (103 ) 30 126 1,008 − 1,008 134,721 623 134,098 Commercial 1,603 − − 134 1,737 − 1,737 188,677 4,301 184,376 Commercial, industrial & agricultural 441 (35 ) 1 50 457 − 457 59,591 182 59,409 Equity lines 237 − − 2 239 − 239 29,294 421 28,873 Consumer 108 (86 ) 5 108 135 − 135 7,683 − 7,683 Unallocated 9 − − (4 ) 5 − 5 − − − Total $ 3,758 $ (224 ) $ 36 $ 347 $ 3,917 $ − $ 3,917 $ 461,452 $ 5,750 $ 455,702 December 31, 2017 Allowance for loan losses Loans Class of Loan (Dollars in Thousands) Beginning balance Charge- offs Recoveries Provisions Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Ending balance Ending balance: individually evaluated for impairment Ending balance: collectively evaluated for impairment Construction loans: Residential $ 63 $ − $ − $ 31 $ 94 $ − $ 94 $ 15,221 $ − $ 15,221 Land acquisition, development & commercial 173 (150 ) − 288 311 − 311 35,601 181 35,420 Real estate: Residential 866 (293 ) − 382 955 − 955 121,649 360 121,289 Commercial 1,516 (454 ) 43 498 1,603 − 1,603 173,999 4,098 169,901 Commercial, industrial & agricultural 461 (80 ) − 60 441 − 441 61,197 379 60,818 Equity lines 338 − − (101 ) 237 − 237 28,835 299 28,536 Consumer 97 (101 ) 15 97 108 − 108 7,693 − 7,693 Unallocated 122 − − (113 ) 9 − 9 − − − Total $ 3,636 $ (1,078 ) $ 58 $ 1,142 $ 3,758 $ − $ 3,758 $ 444,195 $ 5,317 $ 438,878 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (Dollars in Thousands) Pass Accruing Special Mention Accruing Special Mention Nonaccrual Substandard Accruing Substandard Nonaccrual Doubtful Nonaccrual Total Construction loans: Residential $ 20,143 $ − $ − $ − $ − $ − $ 20,143 Land acquisition, development & commercial 21,035 − 266 − 42 − 21,343 Real estate loans: Residential 133,447 488 221 326 239 − 134,721 Commercial 185,974 1,646 − 586 471 − 188,677 Commercial, industrial, agricultural 59,145 155 118 13 146 14 59,591 Equity lines 28,873 − 122 299 − − 29,294 Consumer 7,683 − − − − − 7,683 Total Loans $ 456,300 $ 2,289 $ 727 $ 1,224 $ 898 $ 14 $ 461,452 (Dollars in Thousands) Pass Special Mention Substandard Accruing Substandard Nonaccrual Doubtful Nonaccrual Total Construction loans: Residential $ 15,221 $ − $ − $ − $ − $ 15,221 Land acquisition, development & commercial 31,433 3,987 − 181 − 35,601 Real estate loans: Residential 120,575 342 559 − 173 121,649 Commercial 165,760 7,386 644 209 − 173,999 Commercial, industrial, agricultural 59,042 1,249 503 379 24 61,197 Equity lines 28,536 − 299 − − 28,835 Consumer 7,658 − − 35 − 7,693 Total Loans $ 428,225 $ 12,964 $ 2,005 $ 804 $ 197 $ 444,195 |
Note 5 - Other Real Estate Ow21
Note 5 - Other Real Estate Owned (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Forclosed Properties [Table Text Block] | (Dollars in Thousands) Other Real Estate Owned Valuation Allowance Net Balance at the beginning of the year $ 4,046 $ (797 ) $ 3,249 Additions 697 — 697 Write downs — (158 ) (158 ) Sales (374 ) — (374 ) Balance at the end of the year $ 4,369 $ (955 ) $ 3,414 (Dollars in Thousands) Other Real Estate Owned Valuation Allowance Net Balance at the beginning of the year $ 4,619 $ (825 ) $ 3,794 Additions — — — Write downs — (380 ) (380 ) Sales (1,262 ) 616 (646 ) Balance at the end of the year $ 3,357 $ (589 ) $ 2,768 |
Schedule of Real Estate Properties [Table Text Block] | (Dollars in Thousands) June 30, 2018 December 31, 2017 Residential lots $ 1,398 $ 1,745 Residential development 366 — Residential real estate 1,197 1,024 Commercial lots 63 90 Commercial buildings 390 390 Total Other Real Estate Owned $ 3,414 $ 3,249 (Dollars In Thousands) Three months Ended June 30, 2018 Three months Ended June 30, 2017 Six months Ended June 30, 2018 Six months Ended June 30, 2017 Provision for unrealized losses $ – $ 380 $ 158 $ 380 Operating expenses 64 24 205 37 Total Other Real Estate Owned $ 64 $ 404 $ 363 $ 417 |
Note 6 - Stock Based Compensa22
Note 6 - Stock Based Compensation (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Share-based Compensation, Stock Options, Activity [Table Text Block] | Options Outstanding Weighted Average Exercise Price Aggregate Intrinsic Value (1) Weighted Average Contractual Term (years) Balance at December 31, 2017 187,000 $ 7.78 Granted – – Exercised (18,300 ) 7.83 Expired (31,500 ) 10.79 Forfeited – – Balance at June 30, 2018 137,200 $ 7.08 $ 958,186 6.24 Exercisable at June 30, 2018 80,000 $ 7.21 $ 548,474 6.07 |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] | For the Six Months Ended June 30, 2018 For the Six Months Ended June 30, 2017 Shares Weighted- Average Grant Date Fair Value Shares Weighted- Average Grant Date Fair Value Nonvested at beginning of year 32,087 $ 8.63 31,546 $ 7.03 Granted 22,649 11.32 8,258 9.87 Vested (12,241 ) 7.71 (11,125 ) 6.03 Forfeited - - - - Nonvested at the end of the period 42,495 $ 10.33 28,679 $ 8.23 |
Note 7 - Fair Value Measureme23
Note 7 - Fair Value Measurement (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | (Dollars in Thousands) Carrying value at June 30, 2018 Description Balance as of June 30, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government agency securities $ 11,770 $ – $ 11,770 $ – Mortgage-backed securities and CMO’s 20,434 – 20,434 – Corporate securities 6,610 – 6,610 – Municipal securities 9,101 – 9,101 – (Dollars in Thousands) Carrying value at December 31, 2017 Description Balance as of December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: U.S. Government agency securities $ 13,435 $ – $ 13,435 $ – Mortgage-backed securities and CMO’s 23,981 – 23,981 – Corporate securities 7,067 – 7,067 – Municipal securities 10,861 – 10,861 – |
Fair Value Measurements, Nonrecurring [Table Text Block] | (Dollars in Thousands) Carrying value at June 30, 2018 Description Balance as of June 30, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Loans held for sale $ 280 $ – $ 280 $ – Other real estate owned 3,414 – 697 2,717 (Dollars in Thousands) Carrying value at December 31, 2017 Description Balance as of December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Loans held for sale $ 1,587 $ – $ 1,587 $ – Other real estate owned 3,249 – 697 2,717 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | (Dollars in Thousands) Quantitative information about Level 3 Fair Value Measurements for March 31, 2018 Assets Fair Value Valuation Technique(s) Unobservable input Range (Weighted Average) Other real estate owned $ 2,001 Discounted appraised value Selling cost 6 % - 10 % (8%) Discount for lack of marketability and age of appraisal 0 % - 43 % (0%) $ 716 Internal evaluations Internal evaluations 25 % - 25 % (25%) (Dollars in Thousands) Quantitative information about Level 3 Fair Value Measurements for December 31, 2017 Assets Fair Value Valuation Technique(s) Unobservable input Range (Weighted Average) Other real estate owned $ 2,254 Discounted appraised value Selling cost 6 % - 10 % (8%) Discount for lack of marketability and age of appraisal 0 % - 43 % (7%) $ 995 Internal evaluations Internal evaluations 19 % - 19 % (19%) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (Dollars in Thousands) Fair value at June 30, 2018 Description Carrying value as of June 30, 2018 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Approximate Fair Values Financial assets Cash and due from banks $ 20,689 $ 20,689 $ – $ – $ 20,689 Federal funds sold 319 319 – – 319 Securities available for sale 47,915 – 47,915 – 47,915 Restricted equity securities 2,546 – 2,546 – 2,546 Loans held for sale 280 – 280 – 280 Loans, net 457,535 – – 448,501 448,501 Bank owned life insurance 8,097 – 8,097 – 8,097 Accrued income 2,592 – 2,592 – 2,592 Financial liabilities Total deposits 481,085 – 480,632 – 480,632 FHLB borrowings 15,116 – 15,102 – 15,102 Subordinated notes 7,269 – 7,704 – 7,704 Other borrowings 275 – 275 – 275 Accrued interest payable 361 – 361 – 361 (Dollars in Thousands) Fair value at December 31, 2017 Description Carrying value as of December 31, 2017 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Approximate Fair Values Financial assets Cash and due from banks $ 21,714 $ 21,714 $ – $ – $ 21,714 Federal funds sold 180 180 – – 180 Securities available for sale 55,344 – 55,344 – 55,344 Restricted equity securities 2,371 – 2,371 – 2,371 Loans held for sale 1,587 – 1,587 – 1,587 Loans, net 440,437 – – 438,449 438,449 Bank owned life insurance 8,669 – 8,669 – 8,669 Accrued income 2,681 – 2,681 – 2,681 Financial liabilities Total deposits 477,320 – 477,599 – 477,599 FHLB borrowings 11,028 – 11,150 – 11,150 Subordinated notes 7,254 – 7,890 – 7,890 Other borrowings 1,558 – 1,558 – 1,558 Accrued interest payable 368 – 368 – 368 |
Note 8 - Reclassifications Ou24
Note 8 - Reclassifications Out of Other Comprehensive Income (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block] | Details about Other Comprehensive Components Amounts Reclassified from Other Comprehensive Income for the Three Months Ended June 30, Affected Line Item in the Statement Where Net Income is Presented (Dollars In Thousands) 2018 2017 Available for sale securities Realized gains on sales of securities held for sale during the period consider available for sale $ - $ 29 Gains on sales of investment securities Tax expense related to realized gains on securities sold - 10 Income tax expense $ - $ 19 Net income Details about Other Comprehensive Components Amounts Reclassified from Other Comprehensive Income for the Six Months Ended June 30, Affected Line Item in the Statement Where Net Income is Presented (Dollars In Thousands) 2017 2017 Available for sale securities Realized gains on sales of securities held for sale during the period consider available for sale $ 60 $ 42 Gains on sales of investment securities Tax expense related to realized gains on securities sold 13 14 Income tax expense $ 47 $ 28 Net income |
Note 9 - Earnings Per Common 25
Note 9 - Earnings Per Common Share (Tables) | 6 Months Ended |
Jun. 30, 2018 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the Three Months Ended June 30, 2018 2017 Dollars in Thousands, except share and per share data Weighted Average Common Shares Outstanding Net Income Available to Common Shareholders Per Share Amount Weighted Average Common Shares Outstanding Net Income Available to Common Shareholders Per Share Amount Earnings per common share, basic 5,806,960 $ 973 $ 0.17 5,768,670 $ 434 $ 0.08 Effect of dilutive securities: Dilutive stock options 45,798 − - 21,235 − − Earnings per common share, diluted 5,852,758 $ 973 $ 0.17 5,789,905 $ 434 $ 0.08 For the Six Months Ended June 30 , 2018 2017 Dollars in Thousands, except share and per share data Weighted Average Common Shares Outstanding Net Income Available to Common Shareholders Per Share Amount Weighted Average Common Shares Outstanding Net Income Available to Common Shareholders Per Share Amount Earnings per common share, basic 5,801,016 $ 2,163 $ 0.37 5,766,041 $ 1,199 $ 0.21 Effect of dilutive securities: Dilutive stock options 45,798 − − 21,235 − − Earnings per common share, diluted 5,846,814 $ 2,163 $ 0.37 5,787,276 $ 1,119 $ 0.21 |
Note 1 - Organization and Sum26
Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual) | 6 Months Ended |
Jun. 30, 2018 | |
Home Town Residential Mortgage LLC [Member] | |
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions | 49.00% |
Note 2 - Investment Securitie27
Note 2 - Investment Securities (Details Textual) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2018USD ($) | Jun. 30, 2017USD ($) | Dec. 31, 2017USD ($) | |
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 77 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | $ 37,764 | $ 37,087 | |
Debt Securities, Available-for-sale, Realized Gain | 69 | $ 102 | |
Debt Securities, Available-for-sale, Realized Loss | $ 9 | $ 60 | |
US Government Agencies Debt Securities [Member] | |||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 30 | ||
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | $ 0 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | $ 10,402 | 9,854 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 34 | ||
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | $ 0 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | $ 20,323 | 23,010 | |
Corporate Debt Securities [Member] | |||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 5 | ||
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | $ 0 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | $ 3,118 | 1,438 | |
US States and Political Subdivisions Debt Securities [Member] | |||
Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 8 | ||
Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale, Total | $ 0 | ||
Debt Securities, Available-for-sale, Unrealized Loss Position, Total | $ 3,921 | $ 2,785 |
Note 2 - Investment Securitie28
Note 2 - Investment Securities - Available-for-sale Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | |
Securities available-for-sale, amortized cost | $ 49,075 | $ 55,523 | |
Securities available-for-sale, gross unrealized gains | 149 | 404 | |
Securities available-for-sale, gross unrealized losses | (1,309) | (583) | |
Securities available for sale, at fair value | 47,915 | 55,344 | [1] |
US Government Agencies Debt Securities [Member] | |||
Securities available-for-sale, amortized cost | 12,016 | 13,475 | |
Securities available-for-sale, gross unrealized gains | 18 | 61 | |
Securities available-for-sale, gross unrealized losses | (264) | (101) | |
Securities available for sale, at fair value | 11,770 | 13,435 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Securities available-for-sale, amortized cost | 21,277 | 24,344 | |
Securities available-for-sale, gross unrealized gains | 12 | ||
Securities available-for-sale, gross unrealized losses | (843) | (375) | |
Securities available for sale, at fair value | 20,434 | 23,981 | |
Corporate Debt Securities [Member] | |||
Securities available-for-sale, amortized cost | 6,641 | 6,991 | |
Securities available-for-sale, gross unrealized gains | 31 | 118 | |
Securities available-for-sale, gross unrealized losses | (62) | (42) | |
Securities available for sale, at fair value | 6,610 | 7,067 | |
US States and Political Subdivisions Debt Securities [Member] | |||
Securities available-for-sale, amortized cost | 9,141 | 10,713 | |
Securities available-for-sale, gross unrealized gains | 100 | 213 | |
Securities available-for-sale, gross unrealized losses | (140) | (65) | |
Securities available for sale, at fair value | $ 9,101 | $ 10,861 | |
[1] | Derived from consolidated audited financial statements. |
Note 2 - Investment Securitie29
Note 2 - Investment Securities - Unrealized Loss Positions of Available-for-sale Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Securities available-for-sale in a continuous unrealized loss position, less than 12 months fair value | $ 23,703 | $ 24,374 |
Securities available-for-sale in a continuous unrealized loss position, less than 12 months unrealized loss | (726) | (281) |
Securities available-for-sale in a continuous unrealized loss position, 12 months or more fair value | 14,061 | 12,713 |
Securities available-for-sale in a continuous unrealized loss position, 12 months or more unrealized loss | (583) | (302) |
Securities available-for-sale in a continuous unrealized loss position, total fair value | 37,764 | 37,087 |
Securities available-for-sale in a continuous unrealized loss position, total unrealized loss | (1,309) | (583) |
US Government Agencies Debt Securities [Member] | ||
Securities available-for-sale in a continuous unrealized loss position, less than 12 months fair value | 7,521 | 6,859 |
Securities available-for-sale in a continuous unrealized loss position, less than 12 months unrealized loss | (186) | (44) |
Securities available-for-sale in a continuous unrealized loss position, 12 months or more fair value | 2,881 | 2,995 |
Securities available-for-sale in a continuous unrealized loss position, 12 months or more unrealized loss | (78) | (57) |
Securities available-for-sale in a continuous unrealized loss position, total fair value | 10,402 | 9,854 |
Securities available-for-sale in a continuous unrealized loss position, total unrealized loss | (264) | (101) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Securities available-for-sale in a continuous unrealized loss position, less than 12 months fair value | 11,599 | 15,624 |
Securities available-for-sale in a continuous unrealized loss position, less than 12 months unrealized loss | (467) | (192) |
Securities available-for-sale in a continuous unrealized loss position, 12 months or more fair value | 8,724 | 7,386 |
Securities available-for-sale in a continuous unrealized loss position, 12 months or more unrealized loss | (376) | (183) |
Securities available-for-sale in a continuous unrealized loss position, total fair value | 20,323 | 23,010 |
Securities available-for-sale in a continuous unrealized loss position, total unrealized loss | (843) | (375) |
Corporate Debt Securities [Member] | ||
Securities available-for-sale in a continuous unrealized loss position, less than 12 months fair value | 3,118 | 1,438 |
Securities available-for-sale in a continuous unrealized loss position, less than 12 months unrealized loss | (62) | (42) |
Securities available-for-sale in a continuous unrealized loss position, 12 months or more fair value | ||
Securities available-for-sale in a continuous unrealized loss position, 12 months or more unrealized loss | ||
Securities available-for-sale in a continuous unrealized loss position, total fair value | 3,118 | 1,438 |
Securities available-for-sale in a continuous unrealized loss position, total unrealized loss | (62) | (42) |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale in a continuous unrealized loss position, less than 12 months fair value | 1,465 | 453 |
Securities available-for-sale in a continuous unrealized loss position, less than 12 months unrealized loss | (11) | (3) |
Securities available-for-sale in a continuous unrealized loss position, 12 months or more fair value | 2,456 | 2,332 |
Securities available-for-sale in a continuous unrealized loss position, 12 months or more unrealized loss | (129) | (62) |
Securities available-for-sale in a continuous unrealized loss position, total fair value | 3,921 | 2,785 |
Securities available-for-sale in a continuous unrealized loss position, total unrealized loss | $ (140) | $ (65) |
Note 2 - Investment Securitie30
Note 2 - Investment Securities - Available-for-sale Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | |
Less than one year, available-for-sale securities, amortized cost | |||
Less than one year, available-for-sale securities, fair value | |||
Over one through five years, available-for-sale securities, amortized cost | 3,095 | ||
Over one through five years, available-for-sale securities, fair value | 3,035 | ||
Over five through ten years, available-for-sale securities, amortized cost | 14,196 | ||
Over five through ten years, available-for-sale securities, fair value | 14,048 | ||
Greater than 10 years, available-for-sale securities, amortized cost | 31,784 | ||
Greater than 10 years, available-for-sale securities, fair value | 30,832 | ||
Available-for-sale securities, amortized cost | 49,075 | $ 55,523 | |
Available-for-sale securities, fair value | $ 47,915 | $ 55,344 | [1] |
[1] | Derived from consolidated audited financial statements. |
Note 3 - Loans Receivable (Deta
Note 3 - Loans Receivable (Details Textual) $ in Thousands | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) | Jun. 30, 2017USD ($) |
Financing Receivable, 90 Days Past Due and Still Accruing, Number of Loans | 0 | 1 | |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | $ 373 | ||
Financing Receivable, Modifications, Recorded Investment | $ 4,000 | $ 4,100 | |
Financing Receivable, Troubled Debt Restructuring, Number of Contracts | 4 | 4 | |
Allowance for Credit Losses, Change in Method of Calculating Impairment | $ 0 | $ 0 | |
Performing Financial Instruments [Member] | |||
Financing Receivable, Modifications, Recorded Investment | $ 3,800 | ||
Financing Receivable, Troubled Debt Restructuring, Number of Contracts | 2 | ||
Nonperforming Financial Instruments [Member] | |||
Financing Receivable, Modifications, Recorded Investment | $ 203 | ||
Financing Receivable, Troubled Debt Restructuring, Number of Contracts | 2 |
Note 3 - Loans Receivable - Cla
Note 3 - Loans Receivable - Classifications of Loans Receivable (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Loans | $ 461,452 | $ 444,195 | ||
Less allowance for loan losses | (3,917) | (3,758) | [1] | $ (3,636) |
Loans, net | 457,535 | 440,437 | [2] | |
Construction Loan Portfolio Segment [Member] | Residential [Member] | ||||
Loans | 20,143 | 15,221 | ||
Less allowance for loan losses | (141) | (94) | (63) | |
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | ||||
Loans | 21,343 | 35,601 | ||
Less allowance for loan losses | (195) | (311) | (173) | |
Real Estate Portfolio Segment [Member] | Residential [Member] | ||||
Loans | 134,721 | 121,649 | ||
Less allowance for loan losses | (1,008) | (955) | (866) | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | ||||
Loans | 188,677 | 173,999 | ||
Less allowance for loan losses | (1,737) | (1,603) | (1,516) | |
Commercial Industrial And Agricultural Portfolio Segment Excluding Overdrafts [Member] | ||||
Loans | 59,472 | 61,129 | ||
Equity Lines Portfolio Segment [Member] | ||||
Loans | 29,294 | 28,835 | ||
Less allowance for loan losses | (239) | (237) | (338) | |
Consumer Portfolio Segment [Member] | ||||
Loans | 7,683 | 7,693 | ||
Less allowance for loan losses | (135) | (108) | $ (97) | |
Overdrafts Portfolio Segment [Member] | ||||
Loans | $ 119 | $ 68 | ||
[1] | Derived from consolidated audited financial statements. | |||
[2] | Derived from consolidated audited financial statements. |
Note 3 - Loans Receivable - Pas
Note 3 - Loans Receivable - Past Due and Non-accrual Status of Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans, past due | $ 1,616 | $ 4,141 |
Loans, current | 459,836 | 440,054 |
Loans | 461,452 | 444,195 |
Loans, nonaccrual loans | 1,639 | 1,144 |
Construction Loan Portfolio Segment [Member] | Residential [Member] | ||
Loans, past due | 839 | |
Loans, current | 19,304 | 15,221 |
Loans | 20,143 | 15,221 |
Loans, nonaccrual loans | ||
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | ||
Loans, past due | 317 | |
Loans, current | 21,343 | 35,284 |
Loans | 21,343 | 35,601 |
Loans, nonaccrual loans | 308 | 274 |
Real Estate Portfolio Segment [Member] | Residential [Member] | ||
Loans, past due | 99 | 2,005 |
Loans, current | 134,622 | 119,644 |
Loans | 134,721 | 121,649 |
Loans, nonaccrual loans | 460 | 173 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | ||
Loans, past due | 460 | 506 |
Loans, current | 188,217 | 173,493 |
Loans | 188,677 | 173,999 |
Loans, nonaccrual loans | 471 | 209 |
Commercial Industrial and Agricultural Portfolio Segment [Member] | ||
Loans, past due | 13 | 665 |
Loans, current | 59,578 | 60,532 |
Loans | 59,591 | 61,197 |
Loans, nonaccrual loans | 278 | 403 |
Equity Lines Portfolio Segment [Member] | ||
Loans, past due | 193 | 593 |
Loans, current | 29,101 | 28,242 |
Loans | 29,294 | 28,835 |
Loans, nonaccrual loans | 122 | 49 |
Consumer Portfolio Segment [Member] | ||
Loans, past due | 12 | 55 |
Loans, current | 7,671 | 7,638 |
Loans | 7,683 | 7,693 |
Loans, nonaccrual loans | 36 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Loans, past due | 1,516 | 1,601 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loan Portfolio Segment [Member] | Residential [Member] | ||
Loans, past due | 839 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | ||
Loans, past due | 43 | |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential [Member] | ||
Loans, past due | 99 | 589 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial [Member] | ||
Loans, past due | 460 | 278 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Industrial and Agricultural Portfolio Segment [Member] | ||
Loans, past due | 13 | 130 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Equity Lines Portfolio Segment [Member] | ||
Loans, past due | 93 | 544 |
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans, past due | 12 | 17 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Loans, past due | 100 | 1,083 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loan Portfolio Segment [Member] | Residential [Member] | ||
Loans, past due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | ||
Loans, past due | ||
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential [Member] | ||
Loans, past due | 870 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial [Member] | ||
Loans, past due | 19 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Industrial and Agricultural Portfolio Segment [Member] | ||
Loans, past due | 143 | |
Financing Receivables, 60 to 89 Days Past Due [Member] | Equity Lines Portfolio Segment [Member] | ||
Loans, past due | 100 | 49 |
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans, past due | 2 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Loans, past due | 1,457 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loan Portfolio Segment [Member] | Residential [Member] | ||
Loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | ||
Loans, past due | 274 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Residential [Member] | ||
Loans, past due | 546 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Real Estate Portfolio Segment [Member] | Commercial [Member] | ||
Loans, past due | 209 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Industrial and Agricultural Portfolio Segment [Member] | ||
Loans, past due | 392 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Equity Lines Portfolio Segment [Member] | ||
Loans, past due | ||
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member] | ||
Loans, past due | $ 36 |
Note 3 - Loans Receivable - Imp
Note 3 - Loans Receivable - Impaired Loans (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2018 | Dec. 31, 2017 | |
Loans with no related allowance, recorded investment in loans | $ 5,750 | $ 5,317 |
Loans with no related allowance, unpaid principal balance | 5,900 | 5,922 |
Related allowance | ||
Loans with no related allowance, average balance total loans | 6,157 | 5,814 |
Loans with no related allowance, interest income recognized | 94 | 230 |
Loans with a related allowance, recorded investment in loans | ||
Loans with a related allowance, unpaid principal balance | ||
Loans with a related allowance, average balance total loans | 54 | |
Loans with a related allowance, interest income recognized | ||
Construction Loan Portfolio Segment [Member] | Residential [Member] | ||
Loans with no related allowance, recorded investment in loans | ||
Loans with no related allowance, unpaid principal balance | ||
Related allowance | ||
Loans with no related allowance, average balance total loans | ||
Loans with no related allowance, interest income recognized | ||
Loans with a related allowance, recorded investment in loans | ||
Loans with a related allowance, unpaid principal balance | ||
Loans with a related allowance, average balance total loans | ||
Loans with a related allowance, interest income recognized | ||
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | ||
Loans with no related allowance, recorded investment in loans | 223 | 181 |
Loans with no related allowance, unpaid principal balance | 373 | 331 |
Related allowance | ||
Loans with no related allowance, average balance total loans | 523 | 331 |
Loans with no related allowance, interest income recognized | 10 | |
Loans with a related allowance, recorded investment in loans | ||
Loans with a related allowance, unpaid principal balance | ||
Loans with a related allowance, average balance total loans | ||
Loans with a related allowance, interest income recognized | ||
Real Estate Portfolio Segment [Member] | Residential [Member] | ||
Loans with no related allowance, recorded investment in loans | 623 | 360 |
Loans with no related allowance, unpaid principal balance | 623 | 640 |
Related allowance | ||
Loans with no related allowance, average balance total loans | 635 | 638 |
Loans with no related allowance, interest income recognized | 8 | 30 |
Loans with a related allowance, recorded investment in loans | ||
Loans with a related allowance, unpaid principal balance | ||
Loans with a related allowance, average balance total loans | ||
Loans with a related allowance, interest income recognized | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | ||
Loans with no related allowance, recorded investment in loans | 4,301 | 4,098 |
Loans with no related allowance, unpaid principal balance | 4,301 | 4,273 |
Related allowance | ||
Loans with no related allowance, average balance total loans | 4,385 | 4,166 |
Loans with no related allowance, interest income recognized | 78 | 161 |
Loans with a related allowance, recorded investment in loans | ||
Loans with a related allowance, unpaid principal balance | ||
Loans with a related allowance, average balance total loans | 54 | |
Loans with a related allowance, interest income recognized | ||
Commercial Industrial and Agricultural Portfolio Segment [Member] | ||
Loans with no related allowance, recorded investment in loans | 182 | 379 |
Loans with no related allowance, unpaid principal balance | 182 | 379 |
Related allowance | ||
Loans with no related allowance, average balance total loans | 191 | 379 |
Loans with no related allowance, interest income recognized | 15 | |
Loans with a related allowance, recorded investment in loans | ||
Loans with a related allowance, unpaid principal balance | ||
Loans with a related allowance, average balance total loans | ||
Loans with a related allowance, interest income recognized | ||
Equity Lines Portfolio Segment [Member] | ||
Loans with no related allowance, recorded investment in loans | 421 | 299 |
Loans with no related allowance, unpaid principal balance | 421 | 299 |
Related allowance | ||
Loans with no related allowance, average balance total loans | 423 | 300 |
Loans with no related allowance, interest income recognized | 8 | 14 |
Loans with a related allowance, recorded investment in loans | ||
Loans with a related allowance, unpaid principal balance | ||
Loans with a related allowance, average balance total loans | ||
Loans with a related allowance, interest income recognized | ||
Consumer Portfolio Segment [Member] | ||
Loans with no related allowance, recorded investment in loans | ||
Loans with no related allowance, unpaid principal balance | ||
Related allowance | ||
Loans with no related allowance, average balance total loans | ||
Loans with no related allowance, interest income recognized | ||
Loans with a related allowance, recorded investment in loans | ||
Loans with a related allowance, unpaid principal balance | ||
Loans with a related allowance, average balance total loans | ||
Loans with a related allowance, interest income recognized |
Note 4 - Allowance for Loan L35
Note 4 - Allowance for Loan Losses (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans and Leases Receivable, Gross, Total | $ 461,452 | $ 444,195 |
Unlikely to be Collected Financing Receivable [Member] | ||
Loans and Leases Receivable, Gross, Total | $ 0 | $ 0 |
Note 4 - Allowance for Loan L36
Note 4 - Allowance for Loan Losses - Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | |||
Allowance for loan losses, beginning balance | $ 3,758 | [1] | $ 3,636 | $ 3,636 | |||
Allowance for loan losses, charge- offs | (224) | (1,078) | |||||
Allowance for loan losses, recoveries | 36 | 58 | |||||
Allowance for loan losses, provisions | $ 110 | $ 465 | 347 | 535 | 1,142 | ||
Allowance for loan losses, ending balance | 3,917 | 3,917 | 3,758 | [1] | |||
Allowance for loan losses: individually evaluated for impairment | |||||||
Allowance for loan losses: collectively evaluated for impairment | 3,917 | 3,917 | 3,758 | ||||
Loans | 461,452 | 461,452 | 444,195 | ||||
Loans: individually evaluated for impairment | 5,750 | 5,750 | 5,317 | ||||
Loans: collectively evaluated for impairment | 455,702 | 455,702 | 438,878 | ||||
Construction Loan Portfolio Segment [Member] | Residential [Member] | |||||||
Allowance for loan losses, beginning balance | 94 | 63 | 63 | ||||
Allowance for loan losses, charge- offs | |||||||
Allowance for loan losses, recoveries | |||||||
Allowance for loan losses, provisions | 47 | 31 | |||||
Allowance for loan losses, ending balance | 141 | 141 | 94 | ||||
Allowance for loan losses: individually evaluated for impairment | |||||||
Allowance for loan losses: collectively evaluated for impairment | 141 | 141 | 94 | ||||
Loans | 20,143 | 20,143 | 15,221 | ||||
Loans: individually evaluated for impairment | |||||||
Loans: collectively evaluated for impairment | 20,143 | 20,143 | 15,221 | ||||
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | |||||||
Allowance for loan losses, beginning balance | 311 | 173 | 173 | ||||
Allowance for loan losses, charge- offs | (150) | ||||||
Allowance for loan losses, recoveries | |||||||
Allowance for loan losses, provisions | (116) | 288 | |||||
Allowance for loan losses, ending balance | 195 | 195 | 311 | ||||
Allowance for loan losses: individually evaluated for impairment | |||||||
Allowance for loan losses: collectively evaluated for impairment | 195 | 195 | 311 | ||||
Loans | 21,343 | 21,343 | 35,601 | ||||
Loans: individually evaluated for impairment | 223 | 223 | 181 | ||||
Loans: collectively evaluated for impairment | 21,120 | 21,120 | 35,420 | ||||
Real Estate Portfolio Segment [Member] | Residential [Member] | |||||||
Allowance for loan losses, beginning balance | 955 | 866 | 866 | ||||
Allowance for loan losses, charge- offs | (103) | (293) | |||||
Allowance for loan losses, recoveries | 30 | ||||||
Allowance for loan losses, provisions | 126 | 382 | |||||
Allowance for loan losses, ending balance | 1,008 | 1,008 | 955 | ||||
Allowance for loan losses: individually evaluated for impairment | |||||||
Allowance for loan losses: collectively evaluated for impairment | 1,008 | 1,008 | 955 | ||||
Loans | 134,721 | 134,721 | 121,649 | ||||
Loans: individually evaluated for impairment | 623 | 623 | 360 | ||||
Loans: collectively evaluated for impairment | 134,098 | 134,098 | 121,289 | ||||
Real Estate Portfolio Segment [Member] | Commercial [Member] | |||||||
Allowance for loan losses, beginning balance | 1,603 | 1,516 | 1,516 | ||||
Allowance for loan losses, charge- offs | (454) | ||||||
Allowance for loan losses, recoveries | 43 | ||||||
Allowance for loan losses, provisions | 134 | 498 | |||||
Allowance for loan losses, ending balance | 1,737 | 1,737 | 1,603 | ||||
Allowance for loan losses: individually evaluated for impairment | |||||||
Allowance for loan losses: collectively evaluated for impairment | 1,737 | 1,737 | 1,603 | ||||
Loans | 188,677 | 188,677 | 173,999 | ||||
Loans: individually evaluated for impairment | 4,301 | 4,301 | 4,098 | ||||
Loans: collectively evaluated for impairment | 184,376 | 184,376 | 169,901 | ||||
Commercial Industrial and Agricultural Portfolio Segment [Member] | |||||||
Allowance for loan losses, beginning balance | 441 | 461 | 461 | ||||
Allowance for loan losses, charge- offs | (35) | (80) | |||||
Allowance for loan losses, recoveries | 1 | ||||||
Allowance for loan losses, provisions | 50 | 60 | |||||
Allowance for loan losses, ending balance | 457 | 457 | 441 | ||||
Allowance for loan losses: individually evaluated for impairment | |||||||
Allowance for loan losses: collectively evaluated for impairment | 457 | 457 | 441 | ||||
Loans | 59,591 | 59,591 | 61,197 | ||||
Loans: individually evaluated for impairment | 182 | 182 | 379 | ||||
Loans: collectively evaluated for impairment | 59,409 | 59,409 | 60,818 | ||||
Equity Lines Portfolio Segment [Member] | |||||||
Allowance for loan losses, beginning balance | 237 | 338 | 338 | ||||
Allowance for loan losses, charge- offs | |||||||
Allowance for loan losses, recoveries | |||||||
Allowance for loan losses, provisions | 2 | (101) | |||||
Allowance for loan losses, ending balance | 239 | 239 | 237 | ||||
Allowance for loan losses: individually evaluated for impairment | |||||||
Allowance for loan losses: collectively evaluated for impairment | 239 | 239 | 237 | ||||
Loans | 29,294 | 29,294 | 28,835 | ||||
Loans: individually evaluated for impairment | 421 | 421 | 299 | ||||
Loans: collectively evaluated for impairment | 28,873 | 28,873 | 28,536 | ||||
Consumer Portfolio Segment [Member] | |||||||
Allowance for loan losses, beginning balance | 108 | 97 | 97 | ||||
Allowance for loan losses, charge- offs | (86) | (101) | |||||
Allowance for loan losses, recoveries | 5 | 15 | |||||
Allowance for loan losses, provisions | 108 | 97 | |||||
Allowance for loan losses, ending balance | 135 | 135 | 108 | ||||
Allowance for loan losses: individually evaluated for impairment | |||||||
Allowance for loan losses: collectively evaluated for impairment | 135 | 135 | 108 | ||||
Loans | 7,683 | 7,683 | 7,693 | ||||
Loans: individually evaluated for impairment | |||||||
Loans: collectively evaluated for impairment | 7,683 | 7,683 | 7,693 | ||||
Unallocated Financing Receivables [Member] | |||||||
Allowance for loan losses, beginning balance | 9 | $ 122 | 122 | ||||
Allowance for loan losses, charge- offs | |||||||
Allowance for loan losses, recoveries | |||||||
Allowance for loan losses, provisions | (4) | (113) | |||||
Allowance for loan losses, ending balance | 5 | 5 | 9 | ||||
Allowance for loan losses: individually evaluated for impairment | |||||||
Allowance for loan losses: collectively evaluated for impairment | 5 | 5 | 9 | ||||
Loans | |||||||
Loans: individually evaluated for impairment | |||||||
Loans: collectively evaluated for impairment | |||||||
[1] | Derived from consolidated audited financial statements. |
Note 4 - Allowance for Loan L37
Note 4 - Allowance for Loan Losses - Loans by Credit Quality Indicators (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans | $ 461,452 | $ 444,195 |
Pass [Member] | ||
Loans | 456,300 | 428,225 |
Special Mention [Member] | ||
Loans | 2,289 | 12,964 |
Special Mention Nonaccrual [Member] | ||
Loans | 727 | |
Substandard [Member] | ||
Loans | 1,224 | 2,005 |
Substandard Nonaccrual [Member] | ||
Loans | 898 | 804 |
Doubtful [Member] | ||
Loans | 14 | 197 |
Construction Loan Portfolio Segment [Member] | Residential [Member] | ||
Loans | 20,143 | 15,221 |
Construction Loan Portfolio Segment [Member] | Residential [Member] | Pass [Member] | ||
Loans | 20,143 | 15,221 |
Construction Loan Portfolio Segment [Member] | Residential [Member] | Special Mention [Member] | ||
Loans | ||
Construction Loan Portfolio Segment [Member] | Residential [Member] | Special Mention Nonaccrual [Member] | ||
Loans | ||
Construction Loan Portfolio Segment [Member] | Residential [Member] | Substandard [Member] | ||
Loans | ||
Construction Loan Portfolio Segment [Member] | Residential [Member] | Substandard Nonaccrual [Member] | ||
Loans | ||
Construction Loan Portfolio Segment [Member] | Residential [Member] | Doubtful [Member] | ||
Loans | ||
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | ||
Loans | 21,343 | 35,601 |
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | Pass [Member] | ||
Loans | 21,035 | 31,433 |
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | Special Mention [Member] | ||
Loans | 3,987 | |
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | Special Mention Nonaccrual [Member] | ||
Loans | 266 | |
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | Substandard [Member] | ||
Loans | ||
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | Substandard Nonaccrual [Member] | ||
Loans | 42 | 181 |
Construction Loan Portfolio Segment [Member] | Land Acquisition Development And Commercial [Member] | Doubtful [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | Residential [Member] | ||
Loans | 134,721 | 121,649 |
Real Estate Portfolio Segment [Member] | Residential [Member] | Pass [Member] | ||
Loans | 133,447 | 120,575 |
Real Estate Portfolio Segment [Member] | Residential [Member] | Special Mention [Member] | ||
Loans | 488 | 342 |
Real Estate Portfolio Segment [Member] | Residential [Member] | Special Mention Nonaccrual [Member] | ||
Loans | 221 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Substandard [Member] | ||
Loans | 326 | 559 |
Real Estate Portfolio Segment [Member] | Residential [Member] | Substandard Nonaccrual [Member] | ||
Loans | 239 | |
Real Estate Portfolio Segment [Member] | Residential [Member] | Doubtful [Member] | ||
Loans | 173 | |
Real Estate Portfolio Segment [Member] | Commercial [Member] | ||
Loans | 188,677 | 173,999 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Pass [Member] | ||
Loans | 185,974 | 165,760 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Special Mention [Member] | ||
Loans | 1,646 | 7,386 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Special Mention Nonaccrual [Member] | ||
Loans | ||
Real Estate Portfolio Segment [Member] | Commercial [Member] | Substandard [Member] | ||
Loans | 586 | 644 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Substandard Nonaccrual [Member] | ||
Loans | 471 | 209 |
Real Estate Portfolio Segment [Member] | Commercial [Member] | Doubtful [Member] | ||
Loans | ||
Commercial Industrial and Agricultural Portfolio Segment [Member] | ||
Loans | 59,591 | 61,197 |
Commercial Industrial and Agricultural Portfolio Segment [Member] | Pass [Member] | ||
Loans | 59,145 | 59,042 |
Commercial Industrial and Agricultural Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | 155 | 1,249 |
Commercial Industrial and Agricultural Portfolio Segment [Member] | Special Mention Nonaccrual [Member] | ||
Loans | 118 | |
Commercial Industrial and Agricultural Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 13 | 503 |
Commercial Industrial and Agricultural Portfolio Segment [Member] | Substandard Nonaccrual [Member] | ||
Loans | 146 | 379 |
Commercial Industrial and Agricultural Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | 14 | 24 |
Equity Lines Portfolio Segment [Member] | ||
Loans | 29,294 | 28,835 |
Equity Lines Portfolio Segment [Member] | Pass [Member] | ||
Loans | 28,873 | 28,536 |
Equity Lines Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | ||
Equity Lines Portfolio Segment [Member] | Special Mention Nonaccrual [Member] | ||
Loans | 122 | |
Equity Lines Portfolio Segment [Member] | Substandard [Member] | ||
Loans | 299 | 299 |
Equity Lines Portfolio Segment [Member] | Substandard Nonaccrual [Member] | ||
Loans | ||
Equity Lines Portfolio Segment [Member] | Doubtful [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | ||
Loans | 7,683 | 7,693 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Loans | 7,683 | 7,658 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Special Mention Nonaccrual [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Loans | ||
Consumer Portfolio Segment [Member] | Substandard Nonaccrual [Member] | ||
Loans | 35 | |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Loans |
Note 5 - Other Real Estate Ow38
Note 5 - Other Real Estate Owned (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Real Estate Portfolio Segment [Member] | Residential [Member] | ||
Mortgage Loans in Process of Foreclosure, Amount | $ 0 | $ 0 |
Note 5 - Other Real Estate Ow39
Note 5 - Other Real Estate Owned - Foreclosed Properties Valuation Allowance (Details) - USD ($) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | ||
Other Real Estate Owned, balance at the beginning of the year | $ 4,046 | $ 4,619 | |
Other Real Estate Owned, Additions | 697 | ||
Other Real Estate Owned, Writedowns | |||
Other Real Estate Owned, Sales | (374) | (1,262) | |
Other Real Estate Owned, balance at the end of the year | 4,369 | 3,357 | |
Valuation Allowance, balance at the beginning of the year | (797) | [1] | (825) |
Valuation Allowance, Additions | |||
Valuation Allowance, Writedowns | (158) | (380) | |
Valuation Allowance, Sales | 616 | ||
Valuation Allowance, Balance at the end of the year | (955) | (589) | |
Balance at the beginning of the year, net | 3,249 | [2] | 3,794 |
Additions, Net | 697 | ||
Writedowns, Net | (158) | (380) | |
Sales, Net | (374) | (646) | |
Balance at the end of the year, net | $ 3,414 | $ 2,768 | |
[1] | Derived from consolidated audited financial statements. | ||
[2] | Derived from consolidated audited financial statements. |
Note 5 - Other Real Estate Ow40
Note 5 - Other Real Estate Owned - Classification of Other Real Estate Owned and Expenses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | Dec. 31, 2016 | ||
Other Real Estate Owned | $ 3,414 | $ 2,768 | $ 3,414 | $ 2,768 | $ 3,249 | [1] | $ 3,794 |
Provision for unrealized losses | 380 | 158 | 380 | ||||
Operating expenses | 64 | 24 | 205 | 37 | |||
Total Other Real Estate Owned | 64 | $ 404 | 363 | $ 417 | |||
Residential Lots [Member] | |||||||
Other Real Estate Owned | 1,398 | 1,398 | 1,745 | ||||
Residential Development [Member] | |||||||
Other Real Estate Owned | 366 | 366 | |||||
Residential Real Estate [Member] | |||||||
Other Real Estate Owned | 1,197 | 1,197 | 1,024 | ||||
Commercial Lots [Member] | |||||||
Other Real Estate Owned | 63 | 63 | 90 | ||||
Commercial Buildings [Member] | |||||||
Other Real Estate Owned | $ 390 | $ 390 | $ 390 | ||||
[1] | Derived from consolidated audited financial statements. |
Note 6 - Stock Based Compensa41
Note 6 - Stock Based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Jul. 11, 2016 | Mar. 31, 2018 | Mar. 31, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | Dec. 31, 2017 | Dec. 31, 2009 |
Allocated Share-based Compensation Expense, Total | $ 114 | $ 73 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 0 | 0 | |||||
Dividends, Common Stock, Stock, Percentge | 4.00% | ||||||
Employee Stock Option [Member] | |||||||
Allocated Share-based Compensation Expense, Total | $ 36 | $ 36 | |||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total | $ 101 | ||||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition | 1 year 182 days | ||||||
Restricted Stock [Member] | |||||||
Allocated Share-based Compensation Expense, Total | $ 78 | $ 37 | |||||
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total | $ 395 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | 137,280 | 132,000 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized | 5,280 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 5 years | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 22,649 | 8,258 | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 11.32 | $ 9.87 | |||||
2005 Stock Option Plan [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 0 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross |
Note 6 - Stock Based Compensa42
Note 6 - Stock Based Compensation - Stock Option Activity (Details) - USD ($) | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2018 | Dec. 31, 2017 | ||
Granted, options outstanding (in shares) | 0 | 0 | |
2005 Stock Option Plan [Member] | |||
Beginning balance, options outstanding (in shares) | 187,000 | ||
Beginning balance, weighted average exercise price (in dollars per share) | $ 7.78 | ||
Granted, options outstanding (in shares) | |||
Granted, weighted average exercise price (in dollars per share) | |||
Exercised, options outstanding (in shares) | (18,300) | ||
Exercised, weighted average exercise price (in dollars per share) | $ 7.83 | ||
Expired, options outstanding (in shares) | (31,500) | ||
Expired, weighted average exercise price (in dollars per share) | $ (10.79) | ||
Forfeited, options outstanding (in shares) | |||
Forfeited, weighted average exercise price (in dollars per share) | |||
Ending balance, options outstanding (in shares) | 137,200 | 187,000 | |
Ending balance, weighted average exercise price (in dollars per share) | $ 7.08 | $ 7.78 | |
Balance, aggregate intrinsic value | [1] | $ 958,186 | |
Balance, weighted average contractual term (Year) | 6 years 87 days | ||
Exercisable, options outstanding (in shares) | 80,000 | ||
Exercisable, weighted average exercise price (in dollars per share) | $ 7.21 | ||
Exercisable, aggregate intrinsic value | [1] | $ 548,474 | |
Exercisable, weighted average contractual term (Year) | 6 years 25 days | ||
[1] | The aggregate intrinsic value of a stock option in the table above represents the total pre-tax intrinsic value (the amount by which the current market value of the underlying stock exceeds the exercise price of the option) that would have been received by the option holders had all option holders exercised their options on June 30, 2018. |
Note 6 - Stock Based Compensa43
Note 6 - Stock Based Compensation - Restricted Stock Awards Activity (Details) - Restricted Stock [Member] - $ / shares | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Nonvested at beginning of year (in shares) | 32,087 | 31,546 |
Nonvested at beginning of year, weighted-average grant date fair value (in dollars per share) | $ 8.63 | $ 7.03 |
Granted (in shares) | 22,649 | 8,258 |
Granted, weighted-average grant date fair value (in dollars per share) | $ 11.32 | $ 9.87 |
Vested (in shares) | (12,241) | (11,125) |
Vested, weighted-average grant date fair value (in dollars per share) | $ 7.71 | $ 6.03 |
Forfeited (in shares) | ||
Forfeited, weighted-average grant date fair value (in dollars per share) | ||
Nonvested at the end of the period (in shares) | 42,495 | 28,679 |
Nonvested at the end of the period, weighted-average grant date fair value (in dollars per share) | $ 10.33 | $ 8.23 |
Note 7 - Fair Value Measureme44
Note 7 - Fair Value Measurement (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Fair Value, Measurements, Nonrecurring [Member] | ||
Financial and Nonfinancial Liabilities, Fair Value Disclosure | $ 0 | $ 0 |
Note 7 - Fair Value Measureme45
Note 7 - Fair Value Measurement - Fair Value of Financial Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | |
Available-for-sale securities | $ 47,915 | $ 55,344 | [1] |
US Government Agencies Debt Securities [Member] | |||
Available-for-sale securities | 11,770 | 13,435 | |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available-for-sale securities | 11,770 | 13,435 | |
US Government Agencies Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Available-for-sale securities | 11,770 | 13,435 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | |||
Available-for-sale securities | 20,434 | 23,981 | |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available-for-sale securities | 20,434 | ||
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Available-for-sale securities | 20,434 | 23,981 | |
Corporate Debt Securities [Member] | |||
Available-for-sale securities | 6,610 | 7,067 | |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available-for-sale securities | 6,610 | 7,067 | |
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Available-for-sale securities | 6,610 | 7,067 | |
US States and Political Subdivisions Debt Securities [Member] | |||
Available-for-sale securities | 9,101 | 10,861 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | |||
Available-for-sale securities | 9,101 | 10,861 | |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Available-for-sale securities | $ 9,101 | $ 10,861 | |
[1] | Derived from consolidated audited financial statements. |
Note 7 - Fair Value Measureme46
Note 7 - Fair Value Measurement - Fair Value of Financial Assets and Liabilities Measure on Non-recurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 |
Loans held for sale | $ 280 | $ 1,587 |
Other real estate owned | 3,414 | 3,249 |
Fair Value, Inputs, Level 2 [Member] | ||
Loans held for sale | 280 | 1,587 |
Other real estate owned | 697 | 697 |
Fair Value, Inputs, Level 3 [Member] | ||
Loans held for sale | ||
Other real estate owned | $ 2,717 | $ 2,717 |
Note 7 - Fair Value Measureme47
Note 7 - Fair Value Measurement - Fair Value Quantitative Information (Details) $ in Thousands | Jun. 30, 2018USD ($) | Dec. 31, 2017USD ($) |
Discounted Appraised Value [Member] | ||
Other real estate owned | $ 2,001 | $ 2,254 |
Discounted Appraised Value [Member] | Minimum [Member] | Measurement Input, Cost to Sell [Member] | ||
Fair value measurements, range | 0.06 | 0.06 |
Discounted Appraised Value [Member] | Minimum [Member] | Measurement Input, Discount for Lack of Marketability [Member] | ||
Fair value measurements, range | 0 | 0 |
Discounted Appraised Value [Member] | Maximum [Member] | Measurement Input, Cost to Sell [Member] | ||
Fair value measurements, range | 0.1 | 0.1 |
Discounted Appraised Value [Member] | Maximum [Member] | Measurement Input, Discount for Lack of Marketability [Member] | ||
Fair value measurements, range | 0.43 | 0.43 |
Discounted Appraised Value [Member] | Weighted Average [Member] | Measurement Input, Cost to Sell [Member] | ||
Fair value measurements, range | 0.08 | 0.08 |
Discounted Appraised Value [Member] | Weighted Average [Member] | Measurement Input, Discount for Lack of Marketability [Member] | ||
Fair value measurements, range | 0 | 0.07 |
Internal Evaluations [Member] | ||
Other real estate owned | $ 716 | $ 995 |
Internal Evaluations [Member] | Minimum [Member] | ||
Fair value measurements, range | 0.25 | 0.19 |
Internal Evaluations [Member] | Maximum [Member] | ||
Fair value measurements, range | 0.25 | 0.19 |
Internal Evaluations [Member] | Weighted Average [Member] | ||
Fair value measurements, range | 0.25 | 0.19 |
Note 7 - Fair Value Measureme48
Note 7 - Fair Value Measurement - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2018 | Dec. 31, 2017 | |
Securities available for sale | $ 47,915 | $ 55,344 | [1] |
Reported Value Measurement [Member] | |||
Cash and due from banks | 20,689 | 21,714 | |
Federal funds sold | 319 | 180 | |
Securities available for sale | 47,915 | 55,344 | |
Restricted equity securities | 2,546 | 2,371 | |
Loans held for sale | 280 | 1,587 | |
Loans, net | 457,535 | 440,437 | |
Bank owned life insurance | 8,097 | 8,669 | |
Accrued income | 2,592 | 2,681 | |
Total deposits | 481,085 | 477,320 | |
FHLB borrowings | 15,116 | 11,028 | |
Subordinated notes | 7,269 | 7,254 | |
Other borrowings | 275 | 1,558 | |
Accrued interest payable | 361 | 368 | |
Estimate of Fair Value Measurement [Member] | |||
Cash and due from banks | 20,689 | 21,714 | |
Federal funds sold | 319 | 180 | |
Securities available for sale | 47,915 | 55,344 | |
Restricted equity securities | 2,546 | 2,371 | |
Loans held for sale | 280 | 1,587 | |
Loans, net | 448,501 | 438,449 | |
Bank owned life insurance | 8,097 | 8,669 | |
Accrued income | 2,592 | 2,681 | |
Total deposits | 480,632 | 477,599 | |
FHLB borrowings | 15,102 | 11,150 | |
Subordinated notes | 7,704 | 7,890 | |
Other borrowings | 275 | 1,558 | |
Accrued interest payable | 361 | 368 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | |||
Cash and due from banks | 20,689 | 21,714 | |
Federal funds sold | 319 | 180 | |
Securities available for sale | |||
Restricted equity securities | |||
Loans held for sale | |||
Loans, net | |||
Bank owned life insurance | |||
Accrued income | |||
Total deposits | |||
FHLB borrowings | |||
Subordinated notes | |||
Other borrowings | |||
Accrued interest payable | |||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | |||
Cash and due from banks | |||
Federal funds sold | |||
Securities available for sale | 47,915 | 55,344 | |
Restricted equity securities | 2,546 | 2,371 | |
Loans held for sale | 280 | 1,587 | |
Loans, net | |||
Bank owned life insurance | 8,097 | 8,669 | |
Accrued income | 2,592 | 2,681 | |
Total deposits | 480,632 | 477,599 | |
FHLB borrowings | 15,102 | 11,150 | |
Subordinated notes | 7,704 | 7,890 | |
Other borrowings | 275 | 1,558 | |
Accrued interest payable | 361 | 368 | |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | |||
Cash and due from banks | |||
Federal funds sold | |||
Securities available for sale | |||
Restricted equity securities | |||
Loans held for sale | |||
Loans, net | 448,501 | 438,449 | |
Bank owned life insurance | |||
Accrued income | |||
Total deposits | |||
FHLB borrowings | |||
Subordinated notes | |||
Other borrowings | |||
Accrued interest payable | |||
[1] | Derived from consolidated audited financial statements. |
Note 8 - Reclassifications Ou49
Note 8 - Reclassifications Out of Other Comprehensive Income - Items Reclassified to Net Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | |
Tax expense related to realized gains on securities sold | $ 232 | $ 176 | $ 379 | $ 518 |
Net income | 973 | 434 | 2,163 | 1,199 |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||
Realized gains on sales of securities held for sale during the period consider available for sale | 29 | 60 | 42 | |
Tax expense related to realized gains on securities sold | 10 | 13 | 14 | |
Net income | $ 19 | $ 47 | $ 28 |
Note 9 - Earnings Per Common 50
Note 9 - Earnings Per Common Share (Details Textual) - shares | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
Employee Stock Option [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 33,000 |
Note 9 - Earnings Per Common 51
Note 9 - Earnings Per Common Share - Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017 | ||||
Earnings per common share, basic, weighted average common shares outstanding (in shares) | 5,806,960 | 5,768,670 | [1] | 5,801,016 | [1] | 5,766,041 | [1] |
Earnings per common share, basic, net income | $ 973 | $ 434 | $ 2,163 | $ 1,199 | |||
Earnings per common share, basic (in dollars per share) | $ 0.17 | $ 0.08 | [1] | $ 0.37 | [1] | $ 0.21 | [1] |
Dilutive stock options, weighted average common shares outstanding (in shares) | 45,798 | 21,235 | 45,798 | 21,235 | |||
Earnings per common share, diluted, weighted average common shares outstanding (in shares) | 5,852,758 | 5,789,905 | [1] | 5,846,814 | [1] | 5,787,276 | [1] |
Earnings per common share, diluted, net income | $ 973 | $ 434 | $ 2,163 | $ 1,119 | |||
Diluted earnings per common share (in dollars per share) | $ 0.17 | $ 0.08 | [1] | $ 0.37 | [1] | $ 0.21 | [1] |
Earnings per common share, diluted (in dollars per share) | $ 0.17 | $ 0.08 | [1] | $ 0.37 | [1] | $ 0.21 | [1] |
[1] | Restated for the 4% stock dividend distributed July 11, 2016 |