Eagle Bancorp Montana (EBMT) 10-Q 11 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 11, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	EBMT
Entity Registrant Name	Eagle Bancorp Montana, Inc.
Entity Central Index Key	1,478,454
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		3,779,464

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
ASSETS:
Cash and due from banks	$ 5,620	$ 6,468
Interest-bearing deposits in banks	993	970
Total cash and cash equivalents	6,613	7,438
Securities available-for-sale	145,070	145,738
Federal Home Loan Bank stock	3,564	3,397
Federal Reserve Bank stock	871	887
Investment in Eagle Bancorp Statutory Trust I	155	155
Mortgage loans held-for-sale	18,284	18,702
Loans receivable, net of deferred loan fees of $882 at March 31, 2016 and $795 at December 31, 2015 and allowance for loan losses of $3,940 at March 31, 2016 and $3,550 at December 31, 2015	418,941	403,734
Accrued interest and dividends receivable	2,213	2,278
Mortgage servicing rights, net	4,988	4,968
Premises and equipment, net	18,145	18,217
Cash surrender value of life insurance	12,598	12,514
Real estate and other repossessed assets acquired in settlement of loans, net	606	595
Goodwill	7,034	7,034
Core deposit intangible, net	481	514
Deferred tax asset, net	1,198	1,490
Other assets	2,210	2,686
Total assets	642,971	630,347
Deposit accounts:
Noninterest bearing	90,308	77,031
Interest bearing	403,877	406,151
Total deposits	494,185	483,182
Accrued expenses and other liabilities	5,933	4,050
Federal Home Loan Bank advances and other borrowings	71,204	72,716
Subordinated debentures
Principal Amount	15,155	15,155
Unamortized debt issuance costs	(201)	(206)
Total subordinated debentures less unamortized debt issuance costs	14,954	14,949
Total liabilities	$ 586,276	$ 574,897
SHAREHOLDERS' EQUITY:
Preferred stock (no par value; 1,000,000 shares authorized; no shares issued or outstanding)
Common stock (par value $0.01 per share; 8,000,000 shares authorized; 4,083,127 shares issued; 3,779,464 shares outstanding at March and December 31, 2015)	$ 41	$ 41
Additional paid-in capital	22,157	22,152
Unallocated common stock held by Employee Stock Ownership Plan	(933)	(975)
Treasury stock, at cost	(3,321)	(3,321)
Retained earnings	37,831	37,301
Net accumulated other comprehensive income	920	252
Total shareholders' equity	56,695	55,450
Total liabilities and shareholders' equity	$ 642,971	$ 630,347

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Loans receivable, deferred loan fees	$ 882	$ 795
Loans receivable, allowance for loan losses	$ 3,940	$ 3,550
Preferred stock, par value
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	8,000,000	8,000,000
Common stock, shares issued	4,083,127	4,083,127
Common stock, shares outstanding	3,779,464	3,779,464

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
INTEREST AND DIVIDEND INCOME:
Interest and fees on loans	$ 5,063	$ 3,962
Securities available-for-sale	747	759
Federal Home Loan Bank dividends	31
Interest on deposits in banks	0	0
Other interest income	3	3
Total interest and dividend income	5,844	4,724
INTEREST EXPENSE:
Deposits	355	337
Federal Home Loan Bank advances and other borrowings	201	143
Subordinated debentures	194	21
Total interest expense	750	501
NET INTEREST INCOME	5,094	4,223
Loan loss provision	450	322
NET INTEREST INCOME AFTER LOAN LOSS PROVISION	4,644	3,901
NONINTEREST INCOME:
Service charges on deposit accounts	199	223
Net gain on sale of loans (includes $635 and $496 for the three months ended March 31, 2016 and 2015, respectively, related to accumulated other comprehensive earnings reclassification)	1,718	1,631
Mortgage loan servicing fees	346	415
Wealth management income	136	185
Interchange and ATM fees	202	126
Appreciation in cash surrender value of life insurance	112	105
Net gain on sale of available-for-sale securities (includes $0 and $186 for the three months ended March 31, 2016 and 2015, respectively, related to accumulated other comprehensive earnings reclassification)		186
Net loss on sale of real estate owned and other repossessed property		(1)
Net loss on fair value hedge		(93)
Other noninterest income	166	105
Total noninterest income	2,879	2,882
NONINTEREST EXPENSE:
Salaries and employee benefits	3,690	3,379
Occupancy and equipment expense	789	736
Data processing	548	509
Advertising	188	219
Amortization of mortgage servicing rights	228	217
Amortization of core deposit intangible and tax credits	112	100
Federal insurance premiums	83	95
Postage	54	46
Legal, accounting and examination fees	98	156
Consulting fees	83	240
Other noninterest expense	675	664
Total noninterest expense	6,548	6,361
INCOME BEFORE INCOME TAXES	975	422
Income tax expense (includes $460 and $547 for the three months ended March 31, 2016 and 2015, respectively, related to income tax expense from reclassification items)	152	36
NET INCOME	$ 823	$ 386
BASIC EARNINGS PER SHARE	$ 0.22	$ 0.10
DILUTED EARNINGS PER SHARE	$ 0.21	$ 0.10
WEIGHTED AVERAGE SHARES OUTSTANDING (BASIC EPS)	3,779,464	3,844,617
WEIGHTED AVERAGE SHARES OUTSTANDING (DILUTED EPS)	3,873,171	3,881,872

Consolidated Statements of Inc5

Consolidated Statements of Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Gain on sale of loans, accumulated other comprehensive earnings reclassification	$ 635	$ 496
Net gain on sale of available-for-sale securities, accumulated other comprehensive earnings reclassification	0	186
Income tax expense, reclassification items	$ 460	$ 547

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 823	$ 386
OTHER ITEMS OF COMPREHENSIVE INCOME (LOSS):
Change in fair value of investment securities available-for-sale, before income taxes	1,127	1,495
Reclassification for realized gains and losses on investment securities included in income, before income tax	0	(186)
Change in fair value of derivatives designated as cash flow hedges, before income taxes	636	529
Reclassification for realized gains on derivatives designated as cash flow hedges, before income taxes	(635)	(496)
Total other items of comprehensive income	1,128	1,342
Income tax expense related to:
Investment securities	(460)	(534)
Derivatives designated as cash flow hedges		(13)
Income tax expense	(460)	(547)
COMPREHENSIVE INCOME	$ 1,491	$ 1,181

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	PREFERRED STOCK	COMMON STOCK	PAID-IN CAPITAL	UNALLOCATED ESOP SHARES	TREASURY STOCK	RETAINED EARNINGS	ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
Balance at Dec. 31, 2014	$ 54,498		$ 41	$ 22,122	$ (1,141)	$ (2,194)	$ 35,885	$ (215)
Net income	386						386
Other comprehensive income	795							795
Dividends paid	(288)						(288)
Treasury stock purchased	(616)					(616)
Employee Stock Ownership Plan shares allocated or committed to be released for allocation	46			4	42
Balance at Mar. 31, 2015	54,821		41	22,126	(1,099)	(2,810)	35,983	580
Balance at Dec. 31, 2015	55,450		41	22,152	(975)	(3,321)	37,301	252
Net income	823						823
Other comprehensive income	668							668
Dividends paid	(293)						(293)
Employee Stock Ownership Plan shares allocated or committed to be released for allocation	47			5	42
Balance at Mar. 31, 2016	$ 56,695		$ 41	$ 22,157	$ (933)	$ (3,321)	$ 37,831	$ 920

Consolidated Statements of Cha8

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Stockholders' Equity [Abstract]
Dividends paid, per share	$ 0.0775	$ 0.075
Treasury stock purchased, shares		55,800
Treasury stock purchased, cost per share		$ 11.03
ESOP shares allocated or committed to be released for allocation, shares	4,154	4,154

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 823	$ 386
Adjustments to reconcile net income to net cash provided by operating activities:
Loan loss provision	450	322
Depreciation	284	296
Net amortization of investment securities premium and discounts	503	533
Amortization of mortgage servicing rights	228	217
Amortization of core deposit intangible and tax credits	112	100
Deferred income tax (benefit) expense	(168)	121
Net gain on sale of loans	(1,718)	(1,631)
Net gain on sale of available-for-sale securities		(186)
Net loss on sale of real estate owned and other repossessed assets		1
Net loss on fair value hedge		93
Net gain on sale/disposal of premises and equipment	(6)
Net appreciation in cash surrender value of life insurance	(84)	(81)
Net change in:
Accrued interest and dividends receivable	65	172
Loans held-for-sale	2,137	2,230
Other assets	402	(473)
Accrued expenses and other liabilities	1,930	(575)
Net cash provided by operating activities	4,958	1,525
Activity in available-for-sale securities:
Sales	0	8,947
Maturities, principal payments and calls	2,823	2,612
Purchases	(1,531)	(1,049)
Federal Home Loan Bank stock (purchased) redeemed	(167)	1
Federal Reserve Bank stock redeemed	16
Loan origination and principal collection, net	(15,931)	(18,224)
Proceeds from sale of real estate and other repossessed assets acquired in settlement of loans	15	3
Proceeds from sale of premises and equipment	6
Additions to premises and equipment	(212)	(26)
Net cash used in investing activities	(14,981)	(7,736)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	11,003	11,716
Net short-term advances (payments) on Federal Home Loan Bank and other borrowings	642	(12,303)
Long-term advances from Federal Home Loan Bank and other borrowings		5,000
Payments on long-term Federal Home Loan Bank and other borrowings	(2,154)	(5,050)
Dividends paid	(293)	(288)
Purchase of treasury stock, at cost		(616)
Net cash provided by (used in) financing activities	9,198	(1,541)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(825)	(7,752)
CASH AND CASH EQUIVALENTS, beginning of period	7,438	12,502
CASH AND CASH EQUIVALENTS, end of period	6,613	4,750
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the period for interest	734	490
Cash paid during the period for income taxes		27
NON-CASH INVESTING ACTIVITIES:
Increase in market value of securities available-for-sale	1,127	1,309
Mortgage servicing rights recognized	248	373
Loans transferred to real estate and other assets acquired in foreclosure	26	9
Employee Stock Ownership Plan shares released	$ 47	$ 46

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	NOTE 1. BASIS OF PRESENTATION The accompanying unaudited consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for annual reports. However, such information reflects all adjustments (consisting of normal recurring adjustments) which are, in the opinion of management, necessary for a fair presentation of our financial position, results of operations, changes in comprehensive income and cash flows for the unaudited interim periods. The results of operations for the three month period ended March 31, 2016 are not necessarily indicative of the results to be expected for the year ending December 31, 2016 or any other period. The unaudited consolidated financial statements and notes presented herein should be read in conjunction with the audited consolidated financial statements and related notes thereto included in Eagle’s Form 10-K for the year ended December 31, 2015. Certain prior period amounts have been reclassified to conform to the presentation for 2016. These reclassifications had no impact on net income or total shareholders’ equity. Certain loan amounts were reclassified for prior periods to be consistent with loan category classification for March 31, 2016. Interchange and ATM fees and appreciation in cash surrender value of life insurance were previously included in other noninterest income on the Consolidated Statements of Income. These amounts were presented on their own lines for the three months ended March 31, 2016 and prior year amounts were reclassed to be consistent with the current year presentation. The Company evaluated subsequent events for potential recognition and/or disclosure through the date the consolidated financial statements were issued.

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investment Securities	NOTE 2. INVESTMENT SECURITIES Investment securities are summarized as follows: March 31, 2016 December 31, 2015 Gross Gross Amortized Unrealized Fair Amortized Unrealized Fair Cost Gains (Losses) Value Cost Gains (Losses) Value (In Thousands) Available-for-Sale: U.S. government and agency obligations $ 9,968 $ 63 $ (7 ) $ 10,024 $ 10,684 $ 26 $ (95 ) $ 10,615 Municipal obligations 65,763 1,252 (312 ) 66,703 66,606 1,041 (578 ) 67,069 Corporate obligations 9,575 5 (208 ) 9,372 9,615 - (165 ) 9,450 MBSs - government-backed 33,221 307 (155 ) 33,373 32,810 111 (186 ) 32,735 CMOs - government backed 25,626 61 (89 ) 25,598 26,233 40 (404 ) 25,869 Total $ 144,153 $ 1,688 $ (771 ) $ 145,070 $ 145,948 $ 1,218 $ (1,428 ) $ 145,738 There were no sales of securities available-for-sale during the three months ended March 31, 2016. For the three months ended March 31, 2015, net proceeds from sales of securities available-for-sale were $8,947,000. For the three months ended March 31, 2015, gross realized gains were $242,000 and gross realized losses were $56,000. The amortized cost and fair value of securities at March 31, 2016 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair Cost Value (In Thousands) Due in one year or less $ - $ - Due from one to five years 8,279 8,267 Due from five to ten years 14,881 14,899 Due after ten years 62,146 62,933 85,306 86,099 MBSs - government-backed 33,221 33,373 CMOs - government-backed 25,626 25,598 Total $ 144,153 $ 145,070 Maturities of securities do not reflect repricing opportunities present in adjustable rate securities. The Company’s investment securities that have been in a continuous unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve or more months were as follows: March 31, 2016 Less Than 12 Months 12 Months or Longer Gross Gross Fair Unrealized Fair Unrealized Value Losses Value Losses (In Thousands) U.S. government and agency $ 6,636 $ (7 ) $ - $ - Municipal obligations 9,924 (54 ) 12,344 (258 ) Corporate obligations 2,016 (27 ) 6,009 (181 ) MBSs and CMOs - government-backed 24,849 (192 ) 5,981 (52 ) Total $ 43,425 $ (280 ) $ 24,334 $ (491 ) December 31, 2015 Less Than 12 Months 12 Months or Longer Gross Gross Fair Unrealized Fair Unrealized Value Losses Value Losses (In Thousands) U.S. government and agency $ 3,173 $ (24 ) $ 5,986 $ (71 ) Municipal obligations 15,913 (132 ) 21,163 (446 ) Corporate obligations 5,283 (80 ) 3,915 (85 ) MBSs and CMOs - government-backed 23,164 (249 ) 13,886 (341 ) Total $ 47,533 $ (485 ) $ 44,950 $ (943 ) Management evaluates securities for other-than-temporary impairment at least quarterly, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. As of March 31, 2016 and December 31, 2015, there were, respectively, 57 and 85 securities in an unrealized loss position and that were considered to be temporarily impaired and therefore an impairment charge has not been recorded. At March 31, 2016, 32 U.S. government and agency securities and municipal obligations had unrealized losses with aggregate depreciation of approximately 1.09% from the Company’s amortized cost basis of these securities. At December 31, 2015, 52 U.S. government and agency securities and municipal obligations had unrealized losses with aggregate depreciation of approximately 1.43% from the Company’s amortized cost basis of these securities. These unrealized losses are principally due to changes in interest rates and credit spreads. In analyzing an issuer's financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred and industry analysts' reports. As management has the ability to hold debt securities until maturity, or for the foreseeable future, no declines are deemed to be other than temporary. At March 31, 2016, 11 corporate obligations had an unrealized loss of approximately 2.53% from the Company’s amortized cost basis of this security. At December 31, 2015, 13 corporate obligations had an unrealized loss with aggregate depreciation of approximately 1.76% from the Company's cost basis. This unrealized loss is principally due to changes in interest rates. No credit issues have been identified that cause management to believe the declines in market value are other than temporary. In analyzing the issuer's financial condition, management considers industry analysts' reports, financial performance and projected target prices of investment analysts within a one-year time frame. As management has the ability to hold debt securities until maturity, or for the foreseeable future, no declines are deemed to be other than temporary. At March 31, 2016, 14 mortgage-backed securities (“MBSs”) and collateralized mortgage obligations (“CMOs”) had unrealized losses with aggregate depreciation of approximately 0.79% from the Company’s cost basis of these securities. At December 31, 2015, 20 MBSs and CMOs have unrealized losses with aggregate depreciation of approximately 1.57% from the Company’s cost basis. We believe these unrealized losses are principally due to the credit market’s concerns regarding the stability of the mortgage market, changes in interest rates and credit spreads and uncertainty of future prepayment speeds. Management considers available evidence to assess whether it is more likely-than-not that all amounts due would not be collected. In such assessment, management considers the severity and duration of the impairment, the credit ratings of the security, the overall deal and payment structure, including the Company's position within the structure, underlying obligor, financial condition and near term prospects of the issuer, delinquencies, defaults, loss severities, recoveries, prepayments, cumulative loss projections, discounted cash flows and fair value estimates. There has been no disruption of the scheduled cash flows on any of the securities. Management’s analysis as of March 31, 2016 revealed no expected credit losses on the securities and therefore, declines are not deemed to be other than temporary.

Loans Receivable

Loans Receivable	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Loans Receivable	NOTE 3. LOANS RECEIVABLE Loans receivable consisted of the following: March 31, December 31, 2016 2015 (In Thousands) First mortgage loans: Residential mortgage (1-4 family) $ 113,364 $ 118,133 Commercial real estate 194,479 167,930 Real estate construction 15,673 22,958 Other loans: Home equity 45,404 45,345 Consumer 14,229 14,641 Commercial 40,614 39,072 Total 423,763 408,079 Allowance for loan losses (3,940 ) (3,550 ) Deferred loan fees, net (882 ) (795 ) Total loans, net $ 418,941 $ 403,734 Within the commercial real estate loan category above, $11,987,000 and $12,117,000 was guaranteed by the United States Department of Agriculture Rural Development, at March 31, 2016 and December 31, 2015, respectively. In addition, within the commercial loan category above, $1,878,000 and $1,917,000 were in loans originated through a syndication program where the business resides outside of Montana, at March 31, 2016, and December 31, 2015, respectively. The following table includes information regarding nonperforming assets. March 31, December 31, 2016 2015 (Dollars in Thousands) Non-accrual loans $ 1,580 $ 2,030 Accruing loans delinquent 90 days or more 710 472 Restructured loans, net 45 46 Total nonperforming loans 2,335 2,548 Real estate owned and other repossessed assets, net 606 595 Total nonperforming assets $ 2,941 $ 3,143 Total non-performing assets as a percentage of total assets 0.46 % 0.50 % Allowance for loan losses $ 3,940 $ 3,550 Percent of allowance for loan losses to non-performing loans 168.74 % 139.32 % Percent of allowance for loan losses to non-performing assets 133.97 % 112.95 % Allowance for loan losses activity was as follows: Three Months Ended March 31, 2016 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Allowance for loan losses: Beginning balance, January 1, 2016 $ 911 $ 1,593 $ 184 $ 342 $ 66 $ 454 $ 3,550 Charge-offs - - - (7 ) (24 ) (32 ) (63 ) Recoveries - - - - 3 - 3 Provision 70 142 60 30 120 28 450 Ending balance, March 31, 2016 $ 981 $ 1,735 $ 244 $ 365 $ 165 $ 450 $ 3,940 Ending balance, March 31, 2016 allocated to loans individually evaluated for impairment $ - $ - $ - $ - $ 76 $ 5 $ 81 Ending balance, March 31, 2016 allocated to loans collectively evaluated for impairment $ 981 $ 1,735 $ 244 $ 365 $ 89 $ 445 $ 3,859 Loans receivable: Ending balance, March 31, 2016 $ 113,364 $ 194,479 $ 15,673 $ 45,404 $ 14,229 $ 40,614 $ 423,763 Ending balance, March 31, 2016 of loans individually evaluated for impairment $ 605 $ 658 $ - $ 265 $ 92 $ 5 $ 1,625 Ending balance, March 31, 2016 of loans collectively evaluated for impairment $ 112,759 $ 193,821 $ 15,673 $ 45,139 $ 14,137 $ 40,609 $ 422,138 Three Months Ended March 31, 2015 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Allowance for loan losses: Beginning balance, January 1, 2015 $ 684 $ 1,098 $ 35 $ 270 $ 46 $ 317 $ 2,450 Charge-offs (137 ) - - - (11 ) - (148 ) Recoveries - - - - 1 - 1 Provision 98 128 5 36 14 41 322 Ending balance, March 31, 2015 $ 645 $ 1,226 $ 40 $ 306 $ 50 $ 358 $ 2,625 Ending balance, March 31, 2015 allocated to loans individually evaluated for impairment $ - $ - $ - $ - $ 5 $ - $ 5 Ending balance, March 31, 2015 allocated to loans collectively evaluated for impairment $ 645 $ 1,226 $ 40 $ 306 $ 45 $ 358 $ 2,620 Loans receivable: Ending balance, March 31, 2015 $ 105,428 $ 130,374 $ 10,313 $ 40,312 $ 13,664 $ 36,877 $ 336,968 Ending balance, March 31, 2015 of loans individually evaluated for impairment $ 648 $ - $ - $ 224 $ 53 $ 566 $ 1,491 Ending balance, March 31, 2015 of loans collectively evaluated for impairment $ 104,780 $ 130,374 $ 10,313 $ 40,088 $ 13,611 $ 36,311 $ 335,477 The Company utilizes a 5 point internal loan rating system, largely based on regulatory classifications, for 1-4 family real estate, commercial real estate, construction, home equity and commercial loans as follows: Loans rated Pass Loans rated Special Mention Loans rated Substandard Loans rated Doubtful Loans rated Loss On an annual basis, or more often if needed, the Company formally reviews the ratings of all commercial real estate, construction, and commercial business loans that have a principal balance of $750,000 or more. Quarterly, the Company reviews the rating of any consumer loan, broadly defined, that is delinquent 90 days or more. Likewise, quarterly, the Company reviews the rating of any commercial loan, broadly defined, that is delinquent 60 days or more. Annually, the Company engages an independent third-party to review a significant portion of loans within these segments. Management uses the results of these reviews as part of its annual review process. Internal classification of the loan portfolio was as follows: March 31, 2016 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Grade: Pass $ 111,955 $ 193,438 $ 14,875 $ 45,035 $ 14,118 $ 40,202 $ 419,623 Special mention - - - - - 46 46 Substandard 1,409 1,041 798 287 32 294 3,861 Doubtful - - - 82 3 67 152 Loss - - - - 76 5 81 Total $ 113,364 $ 194,479 $ 15,673 $ 45,404 $ 14,229 $ 40,614 $ 423,763 Credit risk profile based on payment activity Performing $ 112,538 $ 193,817 $ 15,409 $ 45,059 $ 14,137 $ 40,468 $ 421,428 Restructured loans - - - 45 - - 45 Nonperforming 826 662 264 300 92 146 2,290 Total $ 113,364 $ 194,479 $ 15,673 $ 45,404 $ 14,229 $ 40,614 $ 423,763 December 31, 2015 Residential Mortgage Commercial Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Grade: Pass $ 116,711 $ 167,263 $ 22,176 $ 45,100 $ 14,486 $ 38,675 $ 404,411 Special mention - - - - - - - Substandard 1,422 667 782 156 140 367 3,534 Doubtful - - - 82 4 - 86 Loss - - - 7 11 30 48 Total $ 118,133 $ 167,930 $ 22,958 $ 45,345 $ 14,641 $ 39,072 $ 408,079 Credit risk profile based on payment activity Performing $ 117,182 $ 167,259 $ 22,711 $ 45,138 $ 14,496 $ 38,745 $ 405,531 Restructured loans - - - 46 - - 46 Nonperforming 951 671 247 161 145 327 2,502 Total $ 118,133 $ 167,930 $ 22,958 $ 45,345 $ 14,641 $ 39,072 $ 408,079 The following tables include information regarding delinquencies within the loan portfolio. March 31, 2016 Recorded 90 Days Investment 30-89 Days and Total Total > 90 Days and Past Due Greater Past Due Current Loans Still Accruing (In Thousands) Residential mortgage (1-4 family) $ 1,988 $ 826 $ 2,814 $ 110,550 $ 113,364 $ 221 Commercial real estate 869 662 1,531 192,948 194,479 4 Real estate construction 1,183 264 1,447 14,226 15,673 264 Home equity 474 300 774 44,630 45,404 80 Consumer 205 92 297 13,932 14,229 - Commercial 445 146 591 40,023 40,614 141 Total $ 5,164 $ 2,290 $ 7,454 $ 416,309 $ 423,763 $ 710 December 31, 2015 Recorded 90 Days Investment 30-89 Days and Total Total >90 Days and Past Due Greater Past Due Current Loans Still Accruing (In Thousands) Residential mortgage (1-4 family) $ 1,163 $ 951 $ 2,114 $ 116,019 $ 118,133 $ 221 Commercial real estate 177 671 848 167,082 167,930 4 Real estate construction 662 247 909 22,049 22,958 247 Home equity 319 161 480 44,865 45,345 - Consumer 184 145 329 14,312 14,641 - Commercial 173 327 500 38,572 39,072 - Total $ 2,678 $ 2,502 $ 5,180 $ 402,899 $ 408,079 $ 472 The following tables include information regarding impaired loans. March 31, 2016 Unpaid Recorded Principal Related Investment Balance Allowance (In Thousands) With no related allowance: Residential mortgage (1-4 family) $ 605 $ 607 $ - Commercial real estate 658 667 - Construction - - - Home equity 265 299 - Consumer 16 16 - Commercial - - - With a related allowance: Residential mortgage (1-4 family) - - - Commercial real estate - - - Construction - - - Home equity - - - Consumer 76 76 76 Commercial 5 5 5 Total: Residential mortgage (1-4 family) 605 607 - Commercial real estate 658 667 - Construction - - - Home equity 265 299 - Consumer 92 92 76 Commercial 5 5 5 Total $ 1,625 $ 1,670 $ 81 December 31, 2015 Unpaid Recorded Principal Related Investment Balance Allowance (In Thousands) With no related allowance: Residential mortgage (1-4 family) $ 730 $ 730 $ - Commercial real estate 667 667 - Construction - - - Home equity 200 234 - Consumer 134 134 - Commercial 297 297 - With a related allowance: Residential mortgage (1-4 family) - - - Commercial real estate - - - Construction - - - Home equity 7 7 7 Consumer 11 11 11 Commercial 30 30 30 Total: Residential mortgage (1-4 family) 730 730 - Commercial real estate 667 667 - Construction - - - Home equity 207 241 7 Consumer 145 145 11 Commercial 327 327 30 Total $ 2,076 $ 2,110 $ 48 Three Months Ended March 31, 2016 2015 Average Recorded Investment (In Thousands) Residential mortgage (1-4 family) $ 668 $ 1,060 Commercial real estate 662 - Construction - - Home equity 236 276 Consumer 119 54 Commercial 166 398 Total $ 1,851 $ 1,788 Interest income recognized on impaired loans for the three months ended March 31, 2016 and 2015 are considered insignificant.

Troubled Debt Restructurings

Troubled Debt Restructurings	3 Months Ended
	Mar. 31, 2016
Text Block [Abstract]
Troubled Debt Restructurings	NOTE 4. TROUBLED DEBT RESTRUCTURINGS The Company adopted the amendments in Accounting Standards Update No. 2011-02 during the quarter ended September 30, 2011. As required, the Company reassessed all restructurings that occurred on or after the beginning of the previous fiscal year (July 1, 2011) for identification as troubled debt restructurings. The Company identified as troubled debt restructurings certain receivables for which the allowance for credit losses had previously been measured under a general allowance for credit losses methodology (ASC Subtopic 450-20). Upon identifying the reassessed receivables as troubled debt restructurings, the Company also identified them as impaired under the guidance in ASC Subtopic 310-10-35. The amendments in Accounting Standards Update No. 2011-02 require prospective application of the impairment measurement guidance in Section 310-10-35 for those receivables newly identified as impaired. As of March 31, 2016, the recorded investment in receivables for which the allowance for credit losses was previously measured under a general allowance for credit losses methodology and are now impaired under ASC Subtopic 310-10-35 was $45,000 (ASC Subtopic 310-40-65-1(b)), and there was no allowance for credit losses associated with these receivables, on the basis of a current evaluation of loss (310-40-65-1(b)). There was $34,000 charged-off at the time of restructure related to these receivables. The Company offers a variety of modifications to borrowers. The modification categories offered can generally be described in the following categories: Rate Modification Term Modification Interest Only Modification Payment Modification Combination Modification The following tables present troubled debt restructurings. March 31, 2016 Accrual Non-Accrual Total Status Status Modification (In Thousands) Residential mortgage (1-4 family) $ - $ - $ - Commercial real estate - - - Real estate construction - - - Home equity 45 - 45 Consumer - - - Commercial - - - Total $ 45 $ - $ 45 December 31, 2015 Accrual Non-Accrual Total Status Status Modification (In Thousands) Residential mortgage (1-4 family) $ - $ - $ - Commercial real estate - - - Real estate construction - - - Home equity 46 - 46 Consumer - - - Commercial - - - Total $ 46 $ - $ 46 The Bank’s policy is that loans placed on non-accrual will typically remain on non-accrual status until all principal and interest payments are brought current and the prospect for future payment in accordance with the loan agreement appears relatively certain. The Bank’s policy generally refers to six months of payment performance as sufficient to warrant a return to accrual status. During the three months ended March 31, 2016 and 2015, there were no new restructured loans. There were no loans modified as a troubled debt restructured loan within the previous three months for which there was a payment default during the three months ended March 31, 2016. A default for purposes of this disclosure is a troubled debt restructured loan in which the borrower is 90 days past due or results in the foreclosure and repossession of the applicable collateral. As of March 31, 2016 and December 31, 2015, the Company had no commitments to lend additional funds to loan customers whose terms had been modified in trouble debt restructures.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2016
Banking and Thrift [Abstract]
Deposits	NOTE 5. DEPOSITS Deposits are summarized as follows: March 31, December 31, 2016 2015 (In Thousands) Noninterest checking $ 90,308 $ 77,031 Interest bearing checking 86,373 87,350 Savings 74,538 71,474 Money market 91,560 94,880 Time certificates of deposit 151,406 152,447 Total $ 494,185 $ 483,182

Subordinated Debentures

Subordinated Debentures	3 Months Ended
	Mar. 31, 2016
Brokers and Dealers [Abstract]
Subordinated Debentures	NOTE 6. SUBORDINATED DEBENTURES Subordinated debentures consisted of the following: March 31, 2016 December 31, 2015 Unamortized Unamortized Debt Debt Principal Issuance Principal Issuance Amount Costs Amount Costs (In Thousands) Subordinated debentures: Variable at 3-Month Libor plus 1.42%, due 2035 $ 5,155 $ - $ 5,155 $ - Fixed at 6.75%, due 2025 10,000 (201 ) 10,000 (206 ) Total $ 15,155 $ (201 ) $ 15,155 $ (206 ) In June 2015, the Company completed the issuance of $10,000,000 in aggregate principal amount of subordinated notes due in 2025 in a private placement transaction to an institutional accredited investor. The notes will bear interest at an annual fixed rate of 6.75% and interest will be paid quarterly through maturity date or earlier redemption. In September 2005, the Company completed the private placement of $5,155,000 in subordinated debentures to Eagle Bancorp Statutory Trust I (“the Trust”). The Trust funded the purchase of the subordinated debentures through the sale of trust preferred securities to First Tennessee Bank, N.A. with a liquidation value of $5,155,000. Using interest payments made by the Company on the debentures, the Trust began paying quarterly dividends to preferred security holders in December 2005. The annual percentage rate of the interest payable on the subordinated debentures and distributions payable on the preferred securities was fixed at 6.02% until December 2010 then became variable at 3-Month LIBOR plus 1.42%, making the rate 2.049% and 2.033% as of March 31, 2016 and December 31, 2015, respectively. Dividends on the preferred securities are cumulative and the Trust may defer the payments for up to five years. The preferred securities mature in December 2035 unless the Company elects and obtains regulatory approval to accelerate the maturity date.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 7. EARNINGS PER SHARE Basic earnings per share for the three months ended March 31, 2016 was computed using 3,779,464 weighted average shares outstanding. Basic earnings per share for the three months ended March 31, 2015 was computed using 3,844,617 weighted average shares outstanding. Diluted earnings per share was computed using the treasury stock method by adjusting the number of shares outstanding by the shares purchased. The weighted average shares outstanding for the diluted earnings per share calculations was 3,873,171 for the three months ended March 31, 2016 and 3,881,872 for the three months ended March 31, 2015.

Dividends and Stock Repurchase

Dividends and Stock Repurchase Program	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Dividends and Stock Repurchase Program	NOTE 8. DIVIDENDS AND STOCK REPURCHASE PROGRAM For the year ended December 31, 2015, Eagle paid dividends of $0.075 per share for the quarters ended March 31 and June 30, 2015. Eagle paid dividends of $0.0775 per share for the quarters ended September 30 and December 31, 2015. A dividend of $0.0775 per share was declared on January 21, 2016, and paid March 4, 2016 to shareholders of record on February 12, 2016. A dividend of $0.0775 per share was declared on April 28, 2016, payable on June 3, 2016 to shareholders of record on May 13, 2016. On July 23, 2015, the Board of Directors authorized the repurchase of up to 100,000 shares of its common stock. Under the plan, shares may be purchased by the Company on the open market or in privately negotiated transactions. The extent to which the company repurchases its shares and the timing of such repurchase will depend upon market conditions and other corporate considerations. During the three months ended December 31, 2015, 15,000 shares were purchased at an average price of $11.75 per share. During the three months ended September 30, 2015, 46,065 shares were purchased at an average price of $11.47 per share. The plan expires on July 23, 2016 and 38,935 shares remain for purchase under this plan. On July 1, 2014, the Company announced that its Board authorized the repurchase of up to 200,000 shares of its common stock. Under this plan, shares could be purchased on the open market or in privately negotiated transactions. Under this plan, 55,800 shares were purchased at an average price of $11.03 per share during the six months ended June 30, 2015. In addition, under this plan, 55,000 shares were purchased at an average price of $10.66 per share during the six month transition period ended December 31, 2014. The plan expired on June 30, 2015.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	NOTE 9. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table includes information regarding the activity in accumulated other comprehensive income (loss). Unrealized Unrealized Gains (Losses) (Losses) Gains on Derivatives on Investment Designated as Securities Cash Flow Hedges Available-for-Sale Total Balance, January 1, 2016 $ 376 $ (124 ) $ 252 Other comprehensive income before, reclassifications and income taxes 636 1,127 1,763 Amounts reclassified from accumulated other comprehensive income (loss), before income taxes (635 ) - (635 ) Income tax expense - (460 ) (460 ) Total other comprehensive income 1 667 668 Balance, March 31, 2016 $ 377 $ 543 $ 920 Balance, January 1, 2015 $ 294 $ (509 ) $ (215 ) Other comprehensive income before, reclassifications and income taxes 529 1,495 2,024 Amounts reclassified from accumulated other comprehensive income (loss), before income taxes (496 ) (186 ) (682 ) Income tax expense (13 ) (534 ) (547 ) Total other comprehensive income 20 775 795 Balance, March 31, 2015 $ 314 $ 266 $ 580

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	NOTE 10. DERIVATIVES AND HEDGING ACTIVITIES The Company is exposed to certain risks relating to its ongoing business operations. The primary risk managed by using derivative instruments is interest rate risk. The Company entered into an interest rate swap agreement on August 27, 2010 with a third party to manage interest rate risk associated with a fixed-rate loan. The interest rate swap agreement effectively converted the loan’s fixed rate into a variable rate. The derivatives and hedging accounting (ASC Subtopic 815-10) requires that the Company recognize all derivative instruments as either assets or liabilities at fair value in the statement of financial position. In accordance with this guidance, the Company designated the interest rate swap on this fixed-rate loan as a fair value hedge. The Company was exposed to credit-related losses in the event of nonperformance by the counterparties to this agreement. The Company controlled the credit risk of its financial contracts through credit approvals, limits and monitoring procedures, and did not expect any counterparties to fail their obligations. The Company deals only with primary dealers. If certain hedging criteria specified in derivatives and hedging accounting guidance are met, including testing for hedge effectiveness, hedge accounting may be applied. The hedge effectiveness assessment methodologies for similar hedges are performed in a similar manner and are used consistently throughout the hedging relationships. The hedge documentation specifies the terms of the hedged item and the interest rate swap. The documentation also indicates the derivative is hedging a fixed-rate item, the hedge exposure is to the changes in the fair value of the hedged item and the strategy is to eliminate fair value variability by converting fixed-rate interest payments to variable-rate interest payments. For derivative instruments that are designated and qualify as a fair value hedge, the gain or loss on the derivative as well as the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in current earnings. The Company includes the gain or loss on the hedged items in the same line item—noninterest income—as the offsetting loss or gain on the related interest rate swap. The fixed rate loan hedged had an original maturity of 20 years and was not callable. This loan was hedged with a “pay fixed rate, receive variable rate” swap with a similar notional amount, maturity and fixed rate coupons. The swap is not callable. At December 31, 2014, the loan had an outstanding principal balance of $10,641,000 and the interest rate swap had a notional value of $10,673,000. At December 31, 2014, the interest rate swap on the fixed-rate loan was ineffective. The Bank recorded a loss of $317,000 in noninterest income during the quarter ended December 31, 2014 related to the ineffectiveness. The interest rate swap was terminated during the quarter ended March 31, 2015. The Bank recorded a loss of $93,000 in noninterest income during the quarter ended March 31, 2015 related to the swap termination. The loan fair value adjustment of $138,000 at March 31, 2015 will be amortized over the remaining life of the loan which matures September 1, 2030. The remaining balance was $129,000 at March 31, 2016. Mortgage loan commitments are referred to as derivative loan commitments if the loan that will result from exercise of the commitment will be held-for-sale upon funding. The Company enters into commitments to fund residential mortgage loans at specified times in the future, with the intention that these loans will subsequently be sold in the secondary market. A mortgage loan commitment binds the Company to lend funds to a potential borrower at a specified interest rate and within a specified period of time, generally up to 60 days after inception of the rate lock. Outstanding derivative loan commitments expose the Company to the risk that the price of the loans arising from exercise of the loan commitment might decline from inception of the rate lock to funding of the loan due to increases in mortgage interest rates. If interest rates increase, the value of these loan commitments decreases. Conversely, if interest rates decrease, the value of these loan commitments increases. The notional amount of interest rate lock commitments was $33,441,000 and $24,378,000 at March 31, 2016 and December 31, 2015, respectively. The Company has no other off-balance-sheet arrangements or transactions with unconsolidated, special purpose entities that would expose the Company to liability that is not reflected on the face of the financial statements.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures	NOTE 11. FAIR VALUE DISCLOSURES FASB ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and, (iv) willing to transact. FASB ASC 820 requires the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement costs). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. In that regard, FASB ASC 820 establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs – Level 2 Inputs – Level 3 Inputs – A description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. In general, fair value is based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon internally developed models that primarily use, as inputs, observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Available-for-Sale Securities Impaired Loans Loans Held-for-Sale Repossessed Assets Loan Subject to Fair Value Hedge Derivative Financial Instruments The following tables summarize financial assets and financial liabilities measured at fair value on a recurring basis, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value. March 31, 2016 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Financial Assets: Available-for-sale securities U.S. government and agency $ - $ 10,024 $ - $ 10,024 Municipal obligations - 66,703 - 66,703 Corporate obligations - 9,372 - 9,372 MBSs - government-backed - 33,373 - 33,373 CMOs - government backed - 25,598 - 25,598 Loans held-for-sale - 18,284 - 18,284 December 31, 2015 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Financial Assets: Available-for-sale securities U.S. government and agency $ - $ 10,615 $ - $ 10,615 Municipal obligations - 67,069 - 67,069 Corporate obligations - 9,450 - 9,450 MBSs - government-backed - 32,735 - 32,735 CMOs - government backed - 25,869 - 25,869 Loans held-for-sale - 18,702 - 18,702 Certain financial assets and financial liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The following table summarizes financial assets and financial liabilities measured at fair value on a nonrecurring basis, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: March 31, 2016 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Impaired loans $ - $ - $ 1,544 $ 1,544 Repossessed assets - - 606 606 December 31, 2015 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Impaired loans $ - $ - $ 2,028 $ 2,028 Repossessed assets - - 595 595 As of March 31, 2016, certain impaired loans were remeasured and reported at fair value through a specific valuation allowance allocation of the allowance for possible loan losses based upon the fair value of the underlying collateral. Impaired loans with a carrying value of $1,625,000 were reduced by specific valuation allowance allocations totaling $81,000 to a total reported fair value of $1,544,000 based on collateral valuations utilizing Level 3 valuation inputs. As of December 31, 2015, certain impaired loans were remeasured and reported at fair value through a specific valuation allowance allocation of the allowance for possible loan losses based upon the fair value of the underlying collateral. Impaired loans with a carrying value of $2,076,000 were reduced by specific valuation allowance allocations totaling $48,000 to a total reported fair value of $2,028,000 based on collateral valuations utilizing Level 3 valuation inputs. The following table represents the Banks’s Level 3 financial assets and liabilities, the valuation techniques used to measure the fair value of those financial assets and liabilities, and the significant unobservable inputs and the ranges of values for those inputs. Fair Value at Principal Significant Range of March 31, December 31, Valuation Unobservable Signficant Input Instrument 2016 2015 Technique Inputs Values (Dollars In Thousands) Appraisal of Appraisal Impaired loans $ 1,544 $ 2,028 collateral (1) adjustments 10-30 % Appraisal of Liquidation Repossessed Assets $ 606 $ 595 collateral (1)(3) expenses (2) 10-30 % (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less associated allowance. (2) Appraisals may be adjusted for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. (3) Includes qualitative adjustments by management and estimated liquidation expenses. FASB ASC Topic 825 requires disclosure of the fair value of financial instruments, both assets and liabilities recognized and not recognized in the statement of financial position, for which it is practicable to estimate fair value. Below is a table that summarizes the fair market values of all financial instruments of the Company at March 31, 2016 and December 31, 2015, followed by methods and assumptions that were used by the Company in estimating the fair value of the classes of financial instruments. The fair value amounts of financial instruments have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. March 31, 2016 Total Level 1 Level 2 Level 3 Estimated Carrying Inputs Inputs Inputs Fair Value Amount (In Thousands) Financial Assets: Cash and cash equivalents $ 6,613 $ - $ - $ 6,613 $ 6,613 Federal Home Loan Bank stock 3,564 - - 3,564 3,564 Federal Reserve Bank stock 871 - - 871 871 Loans receivable, net - - 425,828 425,828 417,397 Accrued interest and dividends receivable 2,213 - - 2,213 2,213 Mortgage servicing rights - - 6,255 6,255 4,988 Cash surrender value of life insurance 12,598 - - 12,598 12,598 Financial Liabilities: Non-maturing interest bearing deposits - 252,471 - 252,471 252,471 Noninterest bearing deposits 90,308 - - 90,308 90,308 Time certificates of deposit - - 151,800 151,800 151,406 Accrued expenses and other liabilities 5,933 - - 5,933 5,933 Federal Home Loan Bank advances and other borrowings - - 71,482 71,482 71,204 Subordinated debentures - - 14,690 14,690 15,155 Off-balance-sheet instruments - Forward loan sales commitments - - - - - Commitments to extend credit - - - - - Rate lock commitments - - - - - December 31, 2015 Total Level 1 Level 2 Level 3 Estimated Carrying Inputs Inputs Inputs Fair Value Amount (In Thousands) Financial Assets: Cash and cash equivalents $ 7,438 $ - $ - $ 7,438 $ 7,438 Federal Home Loan Bank stock 3,397 - - 3,397 3,397 Federal Reserve Bank stock 887 - - 887 887 Loans receivable, net - - 408,414 408,414 401,706 Accrued interest and dividends receivable 2,278 - - 2,278 2,278 Mortgage servicing rights - - 6,452 6,452 4,968 Cash surrender value of life insurance 12,514 - - 12,514 12,514 Financial Liabilities: Non-maturing interest bearing deposits - 253,704 - 253,704 253,704 Noninterest bearing deposits 77,031 - - 77,031 77,031 Time certificates of deposit - - 152,691 152,691 152,447 Accrued expenses and other liabilities 4,050 - - 4,050 4,050 Federal Home Loan Bank advances and other borrowings - - 72,811 72,811 72,716 Subordinated debentures 14,306 14,306 15,155 Off-balance-sheet instruments Forward loan sales commitments - - - - - Commitments to extend credit - - - - - Rate lock commitments - - - - - The following methods and assumptions were used by the Company in estimating the fair value of the following classes of financial instruments. However, the Form 10-K for the year ended December 31, 2015 provides additional description of valuation methodologies used in estimating fair value of these financial instruments. Cash, interest-bearing accounts, accrued interest and dividend receivable and accrued expenses and other liabilities Stock in the Federal Home Loan Bank of Des Moines (“FHLB”) and Federal Reserve Bank (“FRB”) Loans receivable Fair values are adjusted for credit risk based on assessment of risk identified with specific loans, and risk adjustments on the remaining portfolio based on credit loss experience. Assumptions regarding credit risk are judgmentally determined using specific borrower information, internal credit quality analysis, and historical information on segmented loan categories for non-specific borrowers. Mortgage servicing rights Cash surrender value of life insurance Deposits and time certificates of deposit Advances from the FHLB & Subordinated Debentures Off-balance-sheet instruments

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 12. RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the FASB issued Accounting Standards Update No. 2014-9, Revenue from Contracts with Customers (Topic 606). This guidance is a comprehensive new revenue recognition standard that will supersede substantially all existing revenue recognition guidance. The new standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than under existing guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. On July 9, 2015, the FASB agreed to delay the effective date of the standard by one year. Therefore, the new standard will be effective in the first quarter of 2018 and is not expected to have a significant impact to the Company’s financial statements. In September 2015, the FASB issued ASU No. 2015-16, “Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments.” The amendments in ASU 2015-16 require that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The amendments require that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the estimated amounts, calculated as if the accounting had been completed at the acquisition date. The amendments also require an entity to present separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current period earnings by line item that would have been recorded in previous reporting periods if the adjustment to the estimated amounts had been recognized as of the acquisition date. The amendment is effective for annual and interim reporting periods beginning after December 15, 2015 and is not expected to have a significant impact to the Company’s financial statements. In January 2016, the FASB issued ASU No. 2016-01 “Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities.” The amendment has a number of provisions including the requirements that public business entities use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, a separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e. securities or loans receivables), and eliminating the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The amendment is effective for annual and interim reporting periods beginning after December 15, 2017. The Company is evaluating the potential impact of the amendment on the Company’s financial statements. In February 2016, the FASB issued ASU No. 2016-2, Leases (Topic 842) intended to improve financial reporting regarding leasing transactions. The new standard affects all companies and organizations that lease assets. The standard will require organizations to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases if the lease terms are more than 12 months. The guidance also will require qualitative and quantitative disclosures providing additional information about the amounts recorded in the financial statements. The amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is evaluating the potential impact of the amendment on the Company’s financial statements.

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost, Estimated Fair values and Unrealized Gains and Losses	Investment securities are summarized as follows: March 31, 2016 December 31, 2015 Gross Gross Amortized Unrealized Fair Amortized Unrealized Fair Cost Gains (Losses) Value Cost Gains (Losses) Value (In Thousands) Available-for-Sale: U.S. government and agency obligations $ 9,968 $ 63 $ (7 ) $ 10,024 $ 10,684 $ 26 $ (95 ) $ 10,615 Municipal obligations 65,763 1,252 (312 ) 66,703 66,606 1,041 (578 ) 67,069 Corporate obligations 9,575 5 (208 ) 9,372 9,615 - (165 ) 9,450 MBSs - government-backed 33,221 307 (155 ) 33,373 32,810 111 (186 ) 32,735 CMOs - government backed 25,626 61 (89 ) 25,598 26,233 40 (404 ) 25,869 Total $ 144,153 $ 1,688 $ (771 ) $ 145,070 $ 145,948 $ 1,218 $ (1,428 ) $ 145,738
Schedule of Amortized Cost and Estimated Fair Value by Contractual Maturity	The amortized cost and fair value of securities at March 31, 2016 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Fair Cost Value (In Thousands) Due in one year or less $ - $ - Due from one to five years 8,279 8,267 Due from five to ten years 14,881 14,899 Due after ten years 62,146 62,933 85,306 86,099 MBSs - government-backed 33,221 33,373 CMOs - government-backed 25,626 25,598 Total $ 144,153 $ 145,070
Schedule of Investment Securities That Have Been in a Continuous Unrealized-Loss Position	The Company’s investment securities that have been in a continuous unrealized loss position for less than twelve months and those that have been in a continuous unrealized loss position for twelve or more months were as follows: March 31, 2016 Less Than 12 Months 12 Months or Longer Gross Gross Fair Unrealized Fair Unrealized Value Losses Value Losses (In Thousands) U.S. government and agency $ 6,636 $ (7 ) $ - $ - Municipal obligations 9,924 (54 ) 12,344 (258 ) Corporate obligations 2,016 (27 ) 6,009 (181 ) MBSs and CMOs - government-backed 24,849 (192 ) 5,981 (52 ) Total $ 43,425 $ (280 ) $ 24,334 $ (491 ) December 31, 2015 Less Than 12 Months 12 Months or Longer Gross Gross Fair Unrealized Fair Unrealized Value Losses Value Losses (In Thousands) U.S. government and agency $ 3,173 $ (24 ) $ 5,986 $ (71 ) Municipal obligations 15,913 (132 ) 21,163 (446 ) Corporate obligations 5,283 (80 ) 3,915 (85 ) MBSs and CMOs - government-backed 23,164 (249 ) 13,886 (341 ) Total $ 47,533 $ (485 ) $ 44,950 $ (943 )

Loans Receivable (Tables)

Loans Receivable (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of Loans Receivable	Loans receivable consisted of the following: March 31, December 31, 2016 2015 (In Thousands) First mortgage loans: Residential mortgage (1-4 family) $ 113,364 $ 118,133 Commercial real estate 194,479 167,930 Real estate construction 15,673 22,958 Other loans: Home equity 45,404 45,345 Consumer 14,229 14,641 Commercial 40,614 39,072 Total 423,763 408,079 Allowance for loan losses (3,940 ) (3,550 ) Deferred loan fees, net (882 ) (795 ) Total loans, net $ 418,941 $ 403,734
Schedule of Information Regarding Non-Performing Assets	The following table includes information regarding nonperforming assets. March 31, December 31, 2016 2015 (Dollars in Thousands) Non-accrual loans $ 1,580 $ 2,030 Accruing loans delinquent 90 days or more 710 472 Restructured loans, net 45 46 Total nonperforming loans 2,335 2,548 Real estate owned and other repossessed assets, net 606 595 Total nonperforming assets $ 2,941 $ 3,143 Total non-performing assets as a percentage of total assets 0.46 % 0.50 % Allowance for loan losses $ 3,940 $ 3,550 Percent of allowance for loan losses to non-performing loans 168.74 % 139.32 % Percent of allowance for loan losses to non-performing assets 133.97 % 112.95 %
Schedule of Allowance for Loan Losses Activity	Allowance for loan losses activity was as follows: Three Months Ended March 31, 2016 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Allowance for loan losses: Beginning balance, January 1, 2016 $ 911 $ 1,593 $ 184 $ 342 $ 66 $ 454 $ 3,550 Charge-offs - - - (7 ) (24 ) (32 ) (63 ) Recoveries - - - - 3 - 3 Provision 70 142 60 30 120 28 450 Ending balance, March 31, 2016 $ 981 $ 1,735 $ 244 $ 365 $ 165 $ 450 $ 3,940 Ending balance, March 31, 2016 allocated to loans individually evaluated for impairment $ - $ - $ - $ - $ 76 $ 5 $ 81 Ending balance, March 31, 2016 allocated to loans collectively evaluated for impairment $ 981 $ 1,735 $ 244 $ 365 $ 89 $ 445 $ 3,859 Loans receivable: Ending balance, March 31, 2016 $ 113,364 $ 194,479 $ 15,673 $ 45,404 $ 14,229 $ 40,614 $ 423,763 Ending balance, March 31, 2016 of loans individually evaluated for impairment $ 605 $ 658 $ - $ 265 $ 92 $ 5 $ 1,625 Ending balance, March 31, 2016 of loans collectively evaluated for impairment $ 112,759 $ 193,821 $ 15,673 $ 45,139 $ 14,137 $ 40,609 $ 422,138 Three Months Ended March 31, 2015 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Allowance for loan losses: Beginning balance, January 1, 2015 $ 684 $ 1,098 $ 35 $ 270 $ 46 $ 317 $ 2,450 Charge-offs (137 ) - - - (11 ) - (148 ) Recoveries - - - - 1 - 1 Provision 98 128 5 36 14 41 322 Ending balance, March 31, 2015 $ 645 $ 1,226 $ 40 $ 306 $ 50 $ 358 $ 2,625 Ending balance, March 31, 2015 allocated to loans individually evaluated for impairment $ - $ - $ - $ - $ 5 $ - $ 5 Ending balance, March 31, 2015 allocated to loans collectively evaluated for impairment $ 645 $ 1,226 $ 40 $ 306 $ 45 $ 358 $ 2,620 Loans receivable: Ending balance, March 31, 2015 $ 105,428 $ 130,374 $ 10,313 $ 40,312 $ 13,664 $ 36,877 $ 336,968 Ending balance, March 31, 2015 of loans individually evaluated for impairment $ 648 $ - $ - $ 224 $ 53 $ 566 $ 1,491 Ending balance, March 31, 2015 of loans collectively evaluated for impairment $ 104,780 $ 130,374 $ 10,313 $ 40,088 $ 13,611 $ 36,311 $ 335,477
Schedule of Information Regarding the Internal Classification of the Loan Portfolio	Internal classification of the loan portfolio was as follows: March 31, 2016 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Grade: Pass $ 111,955 $ 193,438 $ 14,875 $ 45,035 $ 14,118 $ 40,202 $ 419,623 Special mention - - - - - 46 46 Substandard 1,409 1,041 798 287 32 294 3,861 Doubtful - - - 82 3 67 152 Loss - - - - 76 5 81 Total $ 113,364 $ 194,479 $ 15,673 $ 45,404 $ 14,229 $ 40,614 $ 423,763 Credit risk profile based on payment activity Performing $ 112,538 $ 193,817 $ 15,409 $ 45,059 $ 14,137 $ 40,468 $ 421,428 Restructured loans - - - 45 - - 45 Nonperforming 826 662 264 300 92 146 2,290 Total $ 113,364 $ 194,479 $ 15,673 $ 45,404 $ 14,229 $ 40,614 $ 423,763 December 31, 2015 Residential Mortgage Commercial Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Grade: Pass $ 116,711 $ 167,263 $ 22,176 $ 45,100 $ 14,486 $ 38,675 $ 404,411 Special mention - - - - - - - Substandard 1,422 667 782 156 140 367 3,534 Doubtful - - - 82 4 - 86 Loss - - - 7 11 30 48 Total $ 118,133 $ 167,930 $ 22,958 $ 45,345 $ 14,641 $ 39,072 $ 408,079 Credit risk profile based on payment activity Performing $ 117,182 $ 167,259 $ 22,711 $ 45,138 $ 14,496 $ 38,745 $ 405,531 Restructured loans - - - 46 - - 46 Nonperforming 951 671 247 161 145 327 2,502 Total $ 118,133 $ 167,930 $ 22,958 $ 45,345 $ 14,641 $ 39,072 $ 408,079
Schedule of Delinquencies Within the Loan Portfolio	The following tables include information regarding delinquencies within the loan portfolio. March 31, 2016 Recorded 90 Days Investment 30-89 Days and Total Total > 90 Days and Past Due Greater Past Due Current Loans Still Accruing (In Thousands) Residential mortgage (1-4 family) $ 1,988 $ 826 $ 2,814 $ 110,550 $ 113,364 $ 221 Commercial real estate 869 662 1,531 192,948 194,479 4 Real estate construction 1,183 264 1,447 14,226 15,673 264 Home equity 474 300 774 44,630 45,404 80 Consumer 205 92 297 13,932 14,229 - Commercial 445 146 591 40,023 40,614 141 Total $ 5,164 $ 2,290 $ 7,454 $ 416,309 $ 423,763 $ 710 December 31, 2015 Recorded 90 Days Investment 30-89 Days and Total Total >90 Days and Past Due Greater Past Due Current Loans Still Accruing (In Thousands) Residential mortgage (1-4 family) $ 1,163 $ 951 $ 2,114 $ 116,019 $ 118,133 $ 221 Commercial real estate 177 671 848 167,082 167,930 4 Real estate construction 662 247 909 22,049 22,958 247 Home equity 319 161 480 44,865 45,345 - Consumer 184 145 329 14,312 14,641 - Commercial 173 327 500 38,572 39,072 - Total $ 2,678 $ 2,502 $ 5,180 $ 402,899 $ 408,079 $ 472
Schedule of Impaired Loans	The following tables include information regarding impaired loans. March 31, 2016 Unpaid Recorded Principal Related Investment Balance Allowance (In Thousands) With no related allowance: Residential mortgage (1-4 family) $ 605 $ 607 $ - Commercial real estate 658 667 - Construction - - - Home equity 265 299 - Consumer 16 16 - Commercial - - - With a related allowance: Residential mortgage (1-4 family) - - - Commercial real estate - - - Construction - - - Home equity - - - Consumer 76 76 76 Commercial 5 5 5 Total: Residential mortgage (1-4 family) 605 607 - Commercial real estate 658 667 - Construction - - - Home equity 265 299 - Consumer 92 92 76 Commercial 5 5 5 Total $ 1,625 $ 1,670 $ 81 December 31, 2015 Unpaid Recorded Principal Related Investment Balance Allowance (In Thousands) With no related allowance: Residential mortgage (1-4 family) $ 730 $ 730 $ - Commercial real estate 667 667 - Construction - - - Home equity 200 234 - Consumer 134 134 - Commercial 297 297 - With a related allowance: Residential mortgage (1-4 family) - - - Commercial real estate - - - Construction - - - Home equity 7 7 7 Consumer 11 11 11 Commercial 30 30 30 Total: Residential mortgage (1-4 family) 730 730 - Commercial real estate 667 667 - Construction - - - Home equity 207 241 7 Consumer 145 145 11 Commercial 327 327 30 Total $ 2,076 $ 2,110 $ 48 Three Months Ended March 31, 2016 2015 Average Recorded Investment (In Thousands) Residential mortgage (1-4 family) $ 668 $ 1,060 Commercial real estate 662 - Construction - - Home equity 236 276 Consumer 119 54 Commercial 166 398 Total $ 1,851 $ 1,788

Troubled Debt Restructurings (T

Troubled Debt Restructurings (Tables)	3 Months Ended
	Mar. 31, 2016
Text Block [Abstract]
Schedule of Troubled Debt Restructurings	The following tables present troubled debt restructurings. March 31, 2016 Accrual Non-Accrual Total Status Status Modification (In Thousands) Residential mortgage (1-4 family) $ - $ - $ - Commercial real estate - - - Real estate construction - - - Home equity 45 - 45 Consumer - - - Commercial - - - Total $ 45 $ - $ 45 December 31, 2015 Accrual Non-Accrual Total Status Status Modification (In Thousands) Residential mortgage (1-4 family) $ - $ - $ - Commercial real estate - - - Real estate construction - - - Home equity 46 - 46 Consumer - - - Commercial - - - Total $ 46 $ - $ 46

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2016
Banking and Thrift [Abstract]
Schedule of Composition of Deposits	Deposits are summarized as follows: March 31, December 31, 2016 2015 (In Thousands) Noninterest checking $ 90,308 $ 77,031 Interest bearing checking 86,373 87,350 Savings 74,538 71,474 Money market 91,560 94,880 Time certificates of deposit 151,406 152,447 Total $ 494,185 $ 483,182

Subordinated Debentures (Tables

Subordinated Debentures (Tables)	3 Months Ended
	Mar. 31, 2016
Brokers and Dealers [Abstract]
Schedule of Subordinated Debentures	Subordinated debentures consisted of the following: March 31, 2016 December 31, 2015 Unamortized Unamortized Debt Debt Principal Issuance Principal Issuance Amount Costs Amount Costs (In Thousands) Subordinated debentures: Variable at 3-Month Libor plus 1.42%, due 2035 $ 5,155 $ - $ 5,155 $ - Fixed at 6.75%, due 2025 10,000 (201 ) 10,000 (206 ) Total $ 15,155 $ (201 ) $ 15,155 $ (206 )

Accumulated Other Comprehensi27

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Activity in Accumulated Other Comprehensive Income (Loss)	The following table includes information regarding the activity in accumulated other comprehensive income (loss). Unrealized Unrealized Gains (Losses) (Losses) Gains on Derivatives on Investment Designated as Securities Cash Flow Hedges Available-for-Sale Total Balance, January 1, 2016 $ 376 $ (124 ) $ 252 Other comprehensive income before, reclassifications and income taxes 636 1,127 1,763 Amounts reclassified from accumulated other comprehensive income (loss), before income taxes (635 ) - (635 ) Income tax expense - (460 ) (460 ) Total other comprehensive income 1 667 668 Balance, March 31, 2016 $ 377 $ 543 $ 920 Balance, January 1, 2015 $ 294 $ (509 ) $ (215 ) Other comprehensive income before, reclassifications and income taxes 529 1,495 2,024 Amounts reclassified from accumulated other comprehensive income (loss), before income taxes (496 ) (186 ) (682 ) Income tax expense (13 ) (534 ) (547 ) Total other comprehensive income 20 775 795 Balance, March 31, 2015 $ 314 $ 266 $ 580

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis	The following tables summarize financial assets and financial liabilities measured at fair value on a recurring basis, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value. March 31, 2016 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Financial Assets: Available-for-sale securities U.S. government and agency $ - $ 10,024 $ - $ 10,024 Municipal obligations - 66,703 - 66,703 Corporate obligations - 9,372 - 9,372 MBSs - government-backed - 33,373 - 33,373 CMOs - government backed - 25,598 - 25,598 Loans held-for-sale - 18,284 - 18,284 December 31, 2015 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Financial Assets: Available-for-sale securities U.S. government and agency $ - $ 10,615 $ - $ 10,615 Municipal obligations - 67,069 - 67,069 Corporate obligations - 9,450 - 9,450 MBSs - government-backed - 32,735 - 32,735 CMOs - government backed - 25,869 - 25,869 Loans held-for-sale - 18,702 - 18,702
Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Nonrecurring Basis	The following table summarizes financial assets and financial liabilities measured at fair value on a nonrecurring basis, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: March 31, 2016 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Impaired loans $ - $ - $ 1,544 $ 1,544 Repossessed assets - - 606 606 December 31, 2015 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Impaired loans $ - $ - $ 2,028 $ 2,028 Repossessed assets - - 595 595
Schedule of Financial Assets and Liabilities, Valuation Techniques used to Measure Fair Value of Financial Assets and Liabilities	The following table represents the Banks’s Level 3 financial assets and liabilities, the valuation techniques used to measure the fair value of those financial assets and liabilities, and the significant unobservable inputs and the ranges of values for those inputs. Fair Value at Principal Significant Range of March 31, December 31, Valuation Unobservable Signficant Input Instrument 2016 2015 Technique Inputs Values (Dollars In Thousands) Appraisal of Appraisal Impaired loans $ 1,544 $ 2,028 collateral (1) adjustments 10-30 % Appraisal of Liquidation Repossessed Assets $ 606 $ 595 collateral (1)(3) expenses (2) 10-30 % (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less associated allowance. (2) Appraisals may be adjusted for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. (3) Includes qualitative adjustments by management and estimated liquidation expenses.
Schedule of Estimated Fair Value and Carrying Amounts of Financial Instruments	The fair value amounts of financial instruments have been determined by the Company using available market information and appropriate valuation methodologies. However, considerable judgment is required to interpret data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. March 31, 2016 Total Level 1 Level 2 Level 3 Estimated Carrying Inputs Inputs Inputs Fair Value Amount (In Thousands) Financial Assets: Cash and cash equivalents $ 6,613 $ - $ - $ 6,613 $ 6,613 Federal Home Loan Bank stock 3,564 - - 3,564 3,564 Federal Reserve Bank stock 871 - - 871 871 Loans receivable, net - - 425,828 425,828 417,397 Accrued interest and dividends receivable 2,213 - - 2,213 2,213 Mortgage servicing rights - - 6,255 6,255 4,988 Cash surrender value of life insurance 12,598 - - 12,598 12,598 Financial Liabilities: Non-maturing interest bearing deposits - 252,471 - 252,471 252,471 Noninterest bearing deposits 90,308 - - 90,308 90,308 Time certificates of deposit - - 151,800 151,800 151,406 Accrued expenses and other liabilities 5,933 - - 5,933 5,933 Federal Home Loan Bank advances and other borrowings - - 71,482 71,482 71,204 Subordinated debentures - - 14,690 14,690 15,155 Off-balance-sheet instruments - Forward loan sales commitments - - - - - Commitments to extend credit - - - - - Rate lock commitments - - - - - December 31, 2015 Total Level 1 Level 2 Level 3 Estimated Carrying Inputs Inputs Inputs Fair Value Amount (In Thousands) Financial Assets: Cash and cash equivalents $ 7,438 $ - $ - $ 7,438 $ 7,438 Federal Home Loan Bank stock 3,397 - - 3,397 3,397 Federal Reserve Bank stock 887 - - 887 887 Loans receivable, net - - 408,414 408,414 401,706 Accrued interest and dividends receivable 2,278 - - 2,278 2,278 Mortgage servicing rights - - 6,452 6,452 4,968 Cash surrender value of life insurance 12,514 - - 12,514 12,514 Financial Liabilities: Non-maturing interest bearing deposits - 253,704 - 253,704 253,704 Noninterest bearing deposits 77,031 - - 77,031 77,031 Time certificates of deposit - - 152,691 152,691 152,447 Accrued expenses and other liabilities 4,050 - - 4,050 4,050 Federal Home Loan Bank advances and other borrowings - - 72,811 72,811 72,716 Subordinated debentures 14,306 14,306 15,155 Off-balance-sheet instruments Forward loan sales commitments - - - - - Commitments to extend credit - - - - - Rate lock commitments - - - - -

Investment Securities (Schedule

Investment Securities (Schedule of Amortized Cost, Estimated Fair Values and Unrealized Gains and Losses) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities, amortized cost	$ 144,153	$ 145,948
Available for sale securities, gross unrealized gains	1,688	1,218
Available for sale securities, gross unrealized (losses)	(771)	(1,428)
Available for sale securities, fair value	145,070	145,738
MBSs - Government Backed [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities, amortized cost	33,221	32,810
Available for sale securities, gross unrealized gains	307	111
Available for sale securities, gross unrealized (losses)	(155)	(186)
Available for sale securities, fair value	33,373	32,735
CMOs - Government Backed [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities, amortized cost	25,626	26,233
Available for sale securities, gross unrealized gains	61	40
Available for sale securities, gross unrealized (losses)	(89)	(404)
Available for sale securities, fair value	25,598	25,869
U.S. Government and Agency Obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities, amortized cost	9,968	10,684
Available for sale securities, gross unrealized gains	63	26
Available for sale securities, gross unrealized (losses)	(7)	(95)
Available for sale securities, fair value	10,024	10,615
Municipal Obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities, amortized cost	65,763	66,606
Available for sale securities, gross unrealized gains	1,252	1,041
Available for sale securities, gross unrealized (losses)	(312)	(578)
Available for sale securities, fair value	66,703	67,069
Corporate Obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities, amortized cost	9,575	9,615
Available for sale securities, gross unrealized gains	5
Available for sale securities, gross unrealized (losses)	(208)	(165)
Available for sale securities, fair value	$ 9,372	$ 9,450

Investment Securities (Narrativ

Investment Securities (Narrative) (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Investment	Mar. 31, 2015USD ($)	Dec. 31, 2015Investment
Schedule of Available-for-sale Securities [Line Items]
Proceeds from sale of available for sale securities | $	$ 0	$ 8,947
Available for sale securities gross realized gains | $		242
Available for sale securities gross realized losses | $		$ 56
Number of available for sale securities in unrealized loss position	57		85
U.S. Government and Agency Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of available for sale securities in unrealized loss position	32		52
Securities in an unrealized loss position, aggregate depreciation from amortized cost basis	1.09%		1.43%
Corporate Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of available for sale securities in unrealized loss position	11		13
Securities in an unrealized loss position, aggregate depreciation from amortized cost basis	2.53%		1.76%
Mortgage-Backed and CMOs [Member]
Schedule of Available-for-sale Securities [Line Items]
Number of available for sale securities in unrealized loss position	14		20
Securities in an unrealized loss position, aggregate depreciation from amortized cost basis	0.79%		1.57%

Investment Securities (Schedu31

Investment Securities (Schedule of Amortized Cost and Estimated Fair Value by Contractual Maturity (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities due in one year or less, amortized cost	$ 0
Available for sale securities due from one to five years, amortized cost	8,279
Available for sale securities due from five to ten years, amortized cost	14,881
Available for sale securities due after ten years, amortized cost	62,146
Total available for sale securities debt maturities, amortized cost	85,306
Available for sale securities, amortized cost	144,153	$ 145,948
Available for sale securities due in one year or less, fair value	0
Available for sale securities due from one to five years, fair value	8,267
Available for sale securities due from five to ten years, fair value	14,899
Available for sale securities due after ten years, fair value	62,933
Total available for sale securities debt maturities, fair value	86,099
Available for sale securities, fair value	145,070	145,738
MBSs - Government Backed [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, amortized cost	33,221	32,810
Available for sale securities, fair value	33,373	32,735
CMOs - Government Backed [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities, amortized cost	25,626	26,233
Available for sale securities, fair value	$ 25,598	$ 25,869

Investment Securities (Schedu32

Investment Securities (Schedule of Investment Securities that Have Been in a Continuous Unrealized-Loss Position) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities that have been in a continuous unrealized loss position for less than 12 months, estimated market value	$ 43,425	$ 47,533
Available for sale securities that have been in a continuous unrealized loss position for less than 12 months, gross unrealized losses	(280)	(485)
Available for sale securities that have been in a continuous unrealized loss position for 12 months or more, estimated market value	24,334	44,950
Available for sale securities that have been in a continuous unrealized loss position for less 12 months or more, gross unrealized losses	(491)	(943)
U.S. Government and Agency Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities that have been in a continuous unrealized loss position for less than 12 months, estimated market value	6,636	3,173
Available for sale securities that have been in a continuous unrealized loss position for less than 12 months, gross unrealized losses	(7)	(24)
Available for sale securities that have been in a continuous unrealized loss position for 12 months or more, estimated market value		5,986
Available for sale securities that have been in a continuous unrealized loss position for less 12 months or more, gross unrealized losses		(71)
Municipal Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities that have been in a continuous unrealized loss position for less than 12 months, estimated market value	9,924	15,913
Available for sale securities that have been in a continuous unrealized loss position for less than 12 months, gross unrealized losses	(54)	(132)
Available for sale securities that have been in a continuous unrealized loss position for 12 months or more, estimated market value	12,344	21,163
Available for sale securities that have been in a continuous unrealized loss position for less 12 months or more, gross unrealized losses	(258)	(446)
Corporate Obligations [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities that have been in a continuous unrealized loss position for less than 12 months, estimated market value	2,016	5,283
Available for sale securities that have been in a continuous unrealized loss position for less than 12 months, gross unrealized losses	(27)	(80)
Available for sale securities that have been in a continuous unrealized loss position for 12 months or more, estimated market value	6,009	3,915
Available for sale securities that have been in a continuous unrealized loss position for less 12 months or more, gross unrealized losses	(181)	(85)
Mortgage-Backed and CMOs [Member]
Schedule of Available-for-sale Securities [Line Items]
Available for sale securities that have been in a continuous unrealized loss position for less than 12 months, estimated market value	24,849	23,164
Available for sale securities that have been in a continuous unrealized loss position for less than 12 months, gross unrealized losses	(192)	(249)
Available for sale securities that have been in a continuous unrealized loss position for 12 months or more, estimated market value	5,981	13,886
Available for sale securities that have been in a continuous unrealized loss position for less 12 months or more, gross unrealized losses	$ (52)	$ (341)

Loans (Schedule of Summary of t

Loans (Schedule of Summary of the Balances of Loans) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
Residential Mortgage (1-4 Family)	$ 113,364	$ 118,133
Commercial Real Estate	194,479	167,930
Real estate construction	15,673	22,958
Home equity	45,404	45,345
Consumer	14,229	14,641
Commercial	40,614	39,072
Total	423,763	408,079	$ 336,968
Allowance for loan losses	(3,940)	(3,550)	$ (2,625)	$ (2,450)
Deferred loan fees, net	(882)	(795)
Total loans, net	$ 418,941	$ 403,734

Loans Receivable (Narrative) (D

Loans Receivable (Narrative) (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial real estate loans	$ 194,479,000	$ 167,930,000
Commercial loans	40,614,000	39,072,000
Minimum principal balance of loans for quarterly rating review	$ 750,000
Minimum number of days consumer loans are delinquent for quarterly rating review	90 days
Minimum number of days commercial loans are delinquent for quarterly rating review	60 days
Syndicated Loan Facility [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial loans	$ 1,878,000	1,917,000
United States Department of Agriculture Rural Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial real estate loans	$ 11,987,000	$ 12,117,000

Loans (Schedule of Information

Loans (Schedule of Information Regarding Non-Performing Assets) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
Non-accrual loans	$ 1,580	$ 2,030
Accruing loans delinquent 90 days or more	710	472
Restructured loans, net	45	46
Total nonperforming loans	2,335	2,548
Real estate owned and other repossessed assets, net	606	595
Total	$ 2,941	$ 3,143
Total non-performing assets as a percentage of total assets	0.46%	0.50%
Allowance for loan losses	$ 3,940	$ 3,550	$ 2,625	$ 2,450
Percent of allowance for loan losses to non-performing loans	168.74%	139.32%
Percent of allowance for loan losses to non-performing assets	133.97%	112.95%

Loans (Schedule of Informatio36

Loans (Schedule of Information Regarding the Activity in the Allowance for Loan Losses) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, beginning balance	$ 3,550	$ 2,450
Charge-offs	(63)	(148)
Recoveries	3	1
Provision	450	322
Allowance for loan losses, ending balance	3,940	2,625
Allowance for loan losses, allocated to loans individually evaluated for impairment	81	5
Allowance for loan losses, allocated to loans collectively evaluated for impairment	3,859	2,620
Loans receivable, total	423,763	336,968	$ 408,079
Loans receivable, individually evaluated for impairment	1,625	1,491
Loans receivable, collectively evaluated for impairment	422,138	335,477
Real Estate Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, beginning balance	184	35
Provision	60	5
Allowance for loan losses, ending balance	244	40
Allowance for loan losses, allocated to loans collectively evaluated for impairment	244	40
Loans receivable, total	15,673	10,313	22,958
Loans receivable, collectively evaluated for impairment	15,673	10,313
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, beginning balance	342	270
Charge-offs	(7)
Provision	30	36
Allowance for loan losses, ending balance	365	306
Allowance for loan losses, allocated to loans collectively evaluated for impairment	365	306
Loans receivable, total	45,404	40,312	45,345
Loans receivable, individually evaluated for impairment	265	224
Loans receivable, collectively evaluated for impairment	45,139	40,088
Residential Mortgage (1-4 Family) [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, beginning balance	911	684
Charge-offs		(137)
Provision	70	98
Allowance for loan losses, ending balance	981	645
Allowance for loan losses, allocated to loans collectively evaluated for impairment	981	645
Loans receivable, total	113,364	105,428	118,133
Loans receivable, individually evaluated for impairment	605	648
Loans receivable, collectively evaluated for impairment	112,759	104,780
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, beginning balance	1,593	1,098
Provision	142	128
Allowance for loan losses, ending balance	1,735	1,226
Allowance for loan losses, allocated to loans collectively evaluated for impairment	1,735	1,226
Loans receivable, total	194,479	130,374	167,930
Loans receivable, individually evaluated for impairment	658
Loans receivable, collectively evaluated for impairment	193,821	130,374
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, beginning balance	66	46
Charge-offs	(24)	(11)
Recoveries	3	1
Provision	120	14
Allowance for loan losses, ending balance	165	50
Allowance for loan losses, allocated to loans individually evaluated for impairment	76	5
Allowance for loan losses, allocated to loans collectively evaluated for impairment	89	45
Loans receivable, total	14,229	13,664	14,641
Loans receivable, individually evaluated for impairment	92	53
Loans receivable, collectively evaluated for impairment	14,137	13,611
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses, beginning balance	454	317
Charge-offs	(32)
Provision	28	41
Allowance for loan losses, ending balance	450	358
Allowance for loan losses, allocated to loans individually evaluated for impairment	5
Allowance for loan losses, allocated to loans collectively evaluated for impairment	445	358
Loans receivable, total	40,614	36,877	$ 39,072
Loans receivable, individually evaluated for impairment	5	566
Loans receivable, collectively evaluated for impairment	$ 40,609	$ 36,311

Loans (Schedule of Informatio37

Loans (Schedule of Information Regarding the Internal Classification of the Loan Portfolio) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential Mortgage (1-4 Family)	$ 113,364	$ 118,133
Commercial Real Estate	194,479	167,930
Real estate construction	15,673	22,958
Home equity	45,404	45,345
Consumer	14,229	14,641
Commercial	40,614	39,072
Loans receivable, total	423,763	408,079	$ 336,968
Performing [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential Mortgage (1-4 Family)	112,538	117,182
Commercial Real Estate	193,817	167,259
Real estate construction	15,409	22,711
Home equity	45,059	45,138
Consumer	14,137	14,496
Commercial	40,468	38,745
Loans receivable, total	421,428	405,531
Restructured Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Home equity	45	46
Loans receivable, total	45	46
Nonperforming [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential Mortgage (1-4 Family)	826	951
Commercial Real Estate	662	671
Real estate construction	264	247
Home equity	300	161
Consumer	92	145
Commercial	146	327
Loans receivable, total	2,290	2,502
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential Mortgage (1-4 Family)	111,955	116,711
Commercial Real Estate	193,438	167,263
Real estate construction	14,875	22,176
Home equity	45,035	45,100
Consumer	14,118	14,486
Commercial	40,202	38,675
Loans receivable, total	419,623	404,411
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Commercial	46
Loans receivable, total	46
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Residential Mortgage (1-4 Family)	1,409	1,422
Commercial Real Estate	1,041	667
Real estate construction	798	782
Home equity	287	156
Consumer	32	140
Commercial	294	367
Loans receivable, total	3,861	3,534
Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Home equity	82	82
Consumer	3	4
Commercial	67
Loans receivable, total	152	86
Loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Home equity		7
Consumer	76	11
Commercial	5	30
Loans receivable, total	$ 81	$ 48

Loans (Schedule of Delinquencie

Loans (Schedule of Delinquencies Within the Loan Portfolio) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 7,454	$ 5,180
Current	416,309	402,899
Loans receivable, total	423,763	408,079	$ 336,968
Recorded Investment > 90 Days and Still Accruing	710	472
Real Estate Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,447	909
Current	14,226	22,049
Loans receivable, total	15,673	22,958	10,313
Recorded Investment > 90 Days and Still Accruing	264	247
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	774	480
Current	44,630	44,865
Loans receivable, total	45,404	45,345	40,312
Recorded Investment > 90 Days and Still Accruing	80
Residential Mortgage (1-4 Family) [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2,814	2,114
Current	110,550	116,019
Loans receivable, total	113,364	118,133	105,428
Recorded Investment > 90 Days and Still Accruing	221	221
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,531	848
Current	192,948	167,082
Loans receivable, total	194,479	167,930	130,374
Recorded Investment > 90 Days and Still Accruing	4	4
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	297	329
Current	13,932	14,312
Loans receivable, total	14,229	14,641	13,664
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	591	500
Current	40,023	38,572
Loans receivable, total	40,614	39,072	$ 36,877
Recorded Investment > 90 Days and Still Accruing	141
30-89 Days Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	5,164	2,678
30-89 Days Past Due [Member] | Real Estate Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,183	662
30-89 Days Past Due [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	474	319
30-89 Days Past Due [Member] | Residential Mortgage (1-4 Family) [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	1,988	1,163
30-89 Days Past Due [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	869	177
30-89 Days Past Due [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	205	184
30-89 Days Past Due [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	445	173
90 Days and Greater Past Due [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	2,290	2,502
90 Days and Greater Past Due [Member] | Real Estate Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	264	247
90 Days and Greater Past Due [Member] | Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	300	161
90 Days and Greater Past Due [Member] | Residential Mortgage (1-4 Family) [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	826	951
90 Days and Greater Past Due [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	662	671
90 Days and Greater Past Due [Member] | Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	92	145
90 Days and Greater Past Due [Member] | Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past Due	$ 146	$ 327

Loans (Schedule of Informatio39

Loans (Schedule of Information Regarding Impaired Loans) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total recorded investment	$ 1,625		$ 2,076
Total unpaid principal balance	1,670		2,110
Total related allowance	81		48
Average Recorded Investment	1,851	$ 1,788
Home Equity [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, recorded investment	265		200
With no related allowance, principal balance	299		234
With related allowance, recorded investment			7
With related allowance, principal balance			7
Total recorded investment	265		207
Total unpaid principal balance	299		241
Total related allowance			7
Average Recorded Investment	236	276
Residential Mortgage (1-4 Family) [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, recorded investment	605		730
With no related allowance, principal balance	607		730
Total recorded investment	605		730
Total unpaid principal balance	607		730
Average Recorded Investment	668	1,060
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, recorded investment	658		667
With no related allowance, principal balance	667		667
Total recorded investment	658		667
Total unpaid principal balance	667		667
Average Recorded Investment	662
Consumer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, recorded investment	16		134
With no related allowance, principal balance	16		134
With related allowance, recorded investment	76		11
With related allowance, principal balance	76		11
Total recorded investment	92		145
Total unpaid principal balance	92		145
Total related allowance	76		11
Average Recorded Investment	119	54
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
With no related allowance, recorded investment			297
With no related allowance, principal balance			297
With related allowance, recorded investment	5		30
With related allowance, principal balance	5		30
Total recorded investment	5		327
Total unpaid principal balance	5		327
Total related allowance	5		$ 30
Average Recorded Investment	$ 166	$ 398

Trouble Debt Restructurings (Na

Trouble Debt Restructurings (Narrative) (Detail)	3 Months Ended
	Mar. 31, 2016USD ($)Loan	Mar. 31, 2015Loan	Dec. 31, 2015USD ($)
Receivables [Abstract]
Impaired receivables	$ 45,000
Impaired receivables, allowance for credit losses	0
Impaired receivables, charged-off at time of restructure	$ 34,000
Number of newly restructured loans | Loan	0	0
Loans modified as a troubled debt restructured loan within the previous 3 months and for which there was a payment default	$ 0
Number of days past due for a troubled debt restructured loan to be categorized as default	90 days
Commitments to lend additional funds to loan customers whose terms had been modified in trouble debt restructures	$ 0		$ 0

Trouble Debt Restructurings (Sc

Trouble Debt Restructurings (Schedule of Trouble Debt Restructurings by Accrual Status) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring	$ 45	$ 46
Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring	45	46
Accrual Status [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring	45	46
Accrual Status [Member] | Home Equity [Member]
Financing Receivable, Modifications [Line Items]
Troubled debt restructuring	$ 45	$ 46

Deposits (Schedule of Compositi

Deposits (Schedule of Composition of Deposits) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Other Liabilities Disclosure [Abstract]
Noninterest checking	$ 90,308	$ 77,031
Interest bearing checking	86,373	87,350
Savings	74,538	71,474
Money market	91,560	94,880
Time certificates of deposit	151,406	152,447
Total deposits	$ 494,185	$ 483,182

Subordinated Debentures (Schedu

Subordinated Debentures (Schedule of Subordinated Debentures) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015
Subordinated Borrowing [Line Items]
Principal Amount	$ 15,155	$ 15,155
Unamortized debt issuance costs	(201)	(206)
Variable Interest Rate Subordinated Debentures Due in 2035 [Member]
Subordinated Borrowing [Line Items]
Principal Amount	5,155	5,155
6.75% Subordinated Notes Due in 2025 [Member]
Subordinated Borrowing [Line Items]
Principal Amount	10,000	10,000	$ 10,000
Unamortized debt issuance costs	$ (201)	$ (206)

Subordinated Debentures (Sche44

Subordinated Debentures (Schedule of Subordinated Debentures) (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2016	Jun. 30, 2015
Variable Interest Rate Subordinated Debentures Due in 2035 [Member]
Subordinated Borrowing [Line Items]
Debt instrument, variable interest rate	3-Month Libor
Debt instrument, interest rate above LIBOR rate	1.42%
Debt instrument, maturity year	2,035
6.75% Subordinated Notes Due in 2025 [Member]
Subordinated Borrowing [Line Items]
Debt instrument, maturity year	2,025
Debt instrument, fixed interest rate	6.75%	6.75%

Subordinated Debentures (Detail

Subordinated Debentures (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Sep. 30, 2005
Subordinated Borrowing [Line Items]
Debt instrument, aggregate principal amount	$ 15,155	$ 15,155
Subordinated debentures	$ 14,954	$ 14,949
Eagle Bancorp Statutory Trust I [Member]
Subordinated Borrowing [Line Items]
Subordinated debentures				$ 5,155
Eagle Bancorp Statutory Trust I [Member] | Subordinated Debt [Member]
Subordinated Borrowing [Line Items]
Debt instrument, fixed interest rate				6.02%
Eagle Bancorp Statutory Trust I [Member] | Variable Interest Rate Subordinated Debentures Due in 2035 [Member]
Subordinated Borrowing [Line Items]
Debt instrument, interest rate above LIBOR rate	1.42%
Debt instrument, interest rate at year end	2.049%	2.033%
First Tennessee Bank, N.A. [Member]
Subordinated Borrowing [Line Items]
Trust preferred securities, liquidation value				$ 5,155
Trust preferred securities, maximum dividend deferring period in years	5 years
Trust preferred securities, maturity date	2035-12
6.75% Subordinated Notes Due in 2025 [Member]
Subordinated Borrowing [Line Items]
Debt instrument, aggregate principal amount	$ 10,000	$ 10,000	$ 10,000
Debt instrument, maturity year	2,025
Debt instrument, fixed interest rate	6.75%		6.75%
Debt instrument, payment term	Interest will be paid quarterly through maturity date or earlier redemption

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Weighted average shares outstanding during the year on which basic earnings per share is calculated	3,779,464	3,844,617
Average outstanding shares on which diluted earnings per share is calculated	3,873,171	3,881,872

Dividends and Stock Repurchas47

Dividends and Stock Repurchase Program (Narrative) (Detail) - $ / shares	Apr. 28, 2016	Jan. 21, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2015	Dec. 31, 2014	Jul. 23, 2015	Jul. 01, 2014
Common Stock Equity [Line Items]
Dividends, cash paid per share			$ 0.0775	$ 0.0775	$ 0.0775	$ 0.0750	$ 0.075
Dividends declared per share		$ 0.0775
Dividends, date of declaration		Jan. 21, 2016
Dividends, date of record		Feb. 12, 2016
Dividends, date of distribution		Mar. 4, 2016
Treasury stock purchased, shares							55,800
Treasury stock purchased, cost per share							$ 11.03
Subsequent Event [Member]
Common Stock Equity [Line Items]
Dividends declared per share	$ 0.0775
Dividends, date of declaration	Apr. 28, 2016
Dividends, date of record	May 13, 2016
Dividends, date of distribution	Jun. 3, 2016
Common Stock Repurchase Plan Announced on July 23, 2015 [Member]
Common Stock Equity [Line Items]
Shares authorized for repurchase under common stock repurchase program										100,000
Treasury stock purchased, shares				15,000	46,065
Treasury stock shares, remaining shares to be purchased			38,935
Treasury stock purchased, cost per share				$ 11.75	$ 11.47
Common Stock Repurchase Plan Announced on July 1, 2014 [Member]
Common Stock Equity [Line Items]
Shares authorized for repurchase under common stock repurchase program											200,000
Treasury stock purchased, shares								55,800	55,000
Treasury stock purchased, cost per share								$ 11.03	$ 10.66
Stock repurchase plan, expiration date			Jun. 30, 2015

Accumulated Other Comprehensi48

Accumulated Other Comprehensive Income (Loss) (Schedule of Activity Accumulated Other Comprehensive Income (Loss)) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ 252	$ (215)
Other comprehensive income before, reclassifications and income taxes	1,763	2,024
Amounts reclassified from accumulated other comprehensive income (loss), before income taxes	(635)	(682)
Income tax expense	(460)	(547)
Total other comprehensive income	668	795
Ending Balance	920	580
Unrealized Gains (Losses) on Derivatives Designated as Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	376	294
Other comprehensive income before, reclassifications and income taxes	636	529
Amounts reclassified from accumulated other comprehensive income (loss), before income taxes	(635)	(496)
Income tax expense		(13)
Total other comprehensive income	1	20
Ending Balance	377	314
Unrealized (Losses) Gains on Investment Securities Available for Sale [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(124)	(509)
Other comprehensive income before, reclassifications and income taxes	1,127	1,495
Amounts reclassified from accumulated other comprehensive income (loss), before income taxes		(186)
Income tax expense	(460)	(534)
Total other comprehensive income	667	775
Ending Balance	$ 543	$ 266

Derivatives and Hedging Activ49

Derivatives and Hedging Activities (Narrative) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2015
Derivative [Line Items]
Fixed rate loan hedged, original maturity term	20 years
Loans receivable, outstanding principal balance			$ 10,641
Loan fair value adjustment		$ 138
Loan maturity date		Sep. 1, 2030
Commitments to extend credit, maximum binding period	60 months
Notional amount of interest rate lock commitments	$ 33,441			$ 24,378
Interest Rate Swap [Member]
Derivative [Line Items]
Loans receivable, outstanding principal balance	$ 129
Notional amount			10,673
Interest Rate Swap [Member] | Noninterest Income [Member]
Derivative [Line Items]
Gain (loss) recognized in income, related to ineffectiveness		$ (93)	$ (317)

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis) (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Financial Assets:
Loans held-for-sale	$ 18,284	$ 18,702
Available-for-sale Securities [Member]
Financial Assets:
U.S. government and agency	10,024	10,615
Municipal obligations	66,703	67,069
Corporate obligations	9,372	9,450
MBSs - government-backed	33,373	32,735
CMOs - government backed	25,598	25,869
Fair Value, Inputs, Level 2 [Member]
Financial Assets:
Loans held-for-sale	18,284	18,702
Fair Value, Inputs, Level 2 [Member] | Available-for-sale Securities [Member]
Financial Assets:
U.S. government and agency	10,024	10,615
Municipal obligations	66,703	67,069
Corporate obligations	9,372	9,450
MBSs - government-backed	33,373	32,735
CMOs - government backed	$ 25,598	$ 25,869

Fair Value Disclosures (Sched51

Fair Value Disclosures (Schedule of Financial Assets and Financial Liabilities Measured at Fair Value on Nonrecurring Basis) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on nonrecurring basis	$ 1,544	$ 2,028
Repossessed Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on nonrecurring basis	606	595
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on nonrecurring basis	1,544	2,028
Fair Value, Inputs, Level 3 [Member] | Repossessed Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financial assets measured at fair value on nonrecurring basis	$ 606	$ 595

Fair Value Disclosures (Narrati

Fair Value Disclosures (Narrative) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans receivable, carrying value	$ 423,763	$ 408,079	$ 336,968
Loans receivable, valuation allowance	3,940	3,550	$ 2,625	$ 2,450
Loans receivable, fair value	425,828
Impaired Loans [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Loans receivable, carrying value	1,625	2,076
Loans receivable, valuation allowance	81	48
Loans receivable, fair value	$ 1,544	$ 2,028
Mortgage Servicing Rights [Member] | Minimum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of servicing rights, discount rates	10.00%
Fair value of servicing rights, repayment speed	105.00%
Mortgage Servicing Rights [Member] | Maximum [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value of servicing rights, discount rates	12.00%
Fair value of servicing rights, repayment speed	369.00%

Fair Value Disclosures (Sched53

Fair Value Disclosures (Schedule of Quantitative Information about Significant Unobservable Inputs Used in Level 3 Fair Value Measurements) (Detail) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands		3 Months Ended	12 Months Ended
		Mar. 31, 2016	Dec. 31, 2015
Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		$ 1,544	$ 2,028
Principal Valuation Technique	[1]	Appraisal of collateral	Appraisal of collateral
Significant Unobservable Inputs		Appraisal adjustments	Appraisal adjustments
Repossessed Assets [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value		$ 606	$ 595
Principal Valuation Technique	[1],[2]	Appraisal of collateral	Appraisal of collateral
Significant Unobservable Inputs	[3]	Liquidation expenses	Liquidation expenses
Minimum [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range of Significant Input Values		10.00%	10.00%
Minimum [Member] | Repossessed Assets [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range of Significant Input Values		10.00%	10.00%
Maximum [Member] | Impaired Loans [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range of Significant Input Values		30.00%	30.00%
Maximum [Member] | Repossessed Assets [Member]
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range of Significant Input Values		30.00%	30.00%
[1]	Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 inputs which are not identifiable, less associated allowance.
[2]	Includes qualitative adjustments by management and estimated liquidation expenses.
[3]	Appraisals may be adjusted for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

Fair Value Disclosures (Sched54

Fair Value Disclosures (Schedule of Estimated Fair Value and Carrying Amounts of Financial Instruments) (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Financial assets:
Cash and cash equivalents	$ 6,613
Federal Home Loan Bank stock	3,564
Federal Reserve Bank stock	871
Loans receivable, net	425,828
Accrued interest and dividends receivable	2,213
Mortgage servicing rights	6,255
Cash surrender value of life insurance	12,598
Financial Liabilities:
Non-maturing interest bearing deposits	252,471
Noninterest bearing deposits	90,308
Time certificates of deposit	151,800
Accrued expenses and other liabilities	5,933
Federal Home Loan Bank advances and other borrowings	71,482
Subordinated debentures	14,690
Financial assets:
Cash and cash equivalents	6,613	$ 7,438	$ 4,750	$ 12,502
Federal Home Loan Bank stock	3,564	3,397
Federal Reserve Bank stock	871	887
Loans receivable, net	417,397	401,706
Accrued interest and dividends receivable	2,213	2,278
Mortgage servicing rights	4,988	4,968
Cash surrender value of life insurance	12,598	12,514
Financial Liabilities:
Non-maturing interest bearing deposits	252,471	253,704
Noninterest bearing deposits	90,308	77,031
Time certificates of deposit	151,406	152,447
Accrued expenses and other liabilities	5,933	4,050
Federal Home Loan Bank advances and other borrowings	71,204	72,716
Subordinated debentures	15,155	15,155
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	6,613	7,438
Federal Home Loan Bank stock	3,564	3,397
Federal Reserve Bank stock	871	887
Accrued interest and dividends receivable	2,213	2,278
Cash surrender value of life insurance	12,598	12,514
Financial Liabilities:
Noninterest bearing deposits	90,308	77,031
Accrued expenses and other liabilities	5,933	4,050
Fair Value, Inputs, Level 2 [Member]
Financial Liabilities:
Non-maturing interest bearing deposits	252,471	253,704
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Loans receivable, net	425,828	408,414
Mortgage servicing rights	6,255	6,452
Financial Liabilities:
Time certificates of deposit	151,800	152,691
Federal Home Loan Bank advances and other borrowings	71,482	72,811
Subordinated debentures	14,690	14,306
Forward Loan Sales Commitments [Member]
Off-balance-sheet instruments
Off-balance-sheet instruments	0
Off-balance-sheet instruments
Off-balance-sheet instruments	0	0
Forward Loan Sales Commitments [Member] | Fair Value, Inputs, Level 1 [Member]
Off-balance-sheet instruments
Off-balance-sheet instruments	0	0
Forward Loan Sales Commitments [Member] | Fair Value, Inputs, Level 2 [Member]
Off-balance-sheet instruments
Off-balance-sheet instruments	0	0
Forward Loan Sales Commitments [Member] | Fair Value, Inputs, Level 3 [Member]
Off-balance-sheet instruments
Off-balance-sheet instruments	0	0
Commitments to Extend Credit [Member]
Off-balance-sheet instruments
Off-balance-sheet instruments	0
Off-balance-sheet instruments
Off-balance-sheet instruments	0	0
Commitments to Extend Credit [Member] | Fair Value, Inputs, Level 1 [Member]
Off-balance-sheet instruments
Off-balance-sheet instruments	0	0
Commitments to Extend Credit [Member] | Fair Value, Inputs, Level 2 [Member]
Off-balance-sheet instruments
Off-balance-sheet instruments	0	0
Commitments to Extend Credit [Member] | Fair Value, Inputs, Level 3 [Member]
Off-balance-sheet instruments
Off-balance-sheet instruments	0	0
Rate Lock Commitments [Member]
Off-balance-sheet instruments
Off-balance-sheet instruments	0
Off-balance-sheet instruments
Off-balance-sheet instruments	0	0
Rate Lock Commitments [Member] | Fair Value, Inputs, Level 1 [Member]
Off-balance-sheet instruments
Off-balance-sheet instruments	0	0
Rate Lock Commitments [Member] | Fair Value, Inputs, Level 2 [Member]
Off-balance-sheet instruments
Off-balance-sheet instruments	0	0
Rate Lock Commitments [Member] | Fair Value, Inputs, Level 3 [Member]
Off-balance-sheet instruments
Off-balance-sheet instruments	$ 0	$ 0