Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2017 | Aug. 08, 2017 | |
Document Information [Line Items] | ||
Entity Registrant Name | Eagle Bancorp Montana, Inc. | |
Entity Central Index Key | 1,478,454 | |
Trading Symbol | ebmt | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 3,811,409 | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2017 | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q2 | |
Amendment Flag | false |
Consolidated Statements of Fina
Consolidated Statements of Financial Condition (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
ASSETS: | ||
Cash and due from banks | $ 7,244 | $ 6,531 |
Interest bearing deposits in banks | 1,797 | 787 |
Total cash and cash equivalents | 9,041 | 7,318 |
Securities available-for-sale | 123,191 | 128,436 |
Federal Home Loan Bank stock | 4,841 | 4,012 |
Federal Reserve Bank stock | 871 | 871 |
Investment in Eagle Bancorp Statutory Trust I | 155 | 155 |
Mortgage loans held-for-sale | 16,206 | 18,230 |
Loans receivable, net of deferred loan fees of $1,008 at June 30, 2017 and $1,092 at December 31, 2016 and allowance for loan losses of $5,225 at June 30, 2017 and $4,770 at December 31, 2016 | 502,907 | 461,391 |
Accrued interest and dividends receivable | 2,174 | 2,123 |
Mortgage servicing rights, net | 6,127 | 5,853 |
Premises and equipment, net | 20,040 | 19,393 |
Cash surrender value of life insurance | 14,289 | 14,095 |
Real estate and other repossessed assets acquired in settlement of loans, net | 493 | 825 |
Goodwill | 7,034 | 7,034 |
Core deposit intangible, net | 328 | 384 |
Deferred tax asset, net | 1,132 | 1,965 |
Other assets | 1,385 | 1,840 |
Total assets | 710,214 | 673,925 |
LIABILITIES: | ||
Noninterest bearing | 91,811 | 82,877 |
Interest bearing | 422,454 | 429,918 |
Total deposits | 514,265 | 512,795 |
Accrued expenses and other liabilities | 4,867 | 4,291 |
Federal Home Loan Bank advances and other borrowings | 104,182 | 82,413 |
Other long-term debt: | ||
Principal amount | 25,155 | 15,155 |
Unamortized debt issuance costs | (377) | (185) |
Total other long-term debt less unamortized debt issuance costs | 24,778 | 14,970 |
Total liabilities | 648,092 | 614,469 |
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; 3,811,409 shares outstanding at June 30, 2017 and December 31, 2016) | 41 | 41 |
Additional paid-in capital | 22,444 | 22,366 |
Unallocated common stock held by Employee Stock Ownership Plan | (725) | (809) |
Treasury stock, at cost | (2,971) | (2,971) |
Retained earnings | 42,460 | 41,240 |
Net accumulated other comprehensive income (loss) | 873 | (411) |
Total shareholders' equity | 62,122 | 59,456 |
Total liabilities and shareholders' equity | $ 710,214 | $ 673,925 |
Consolidated Statements of Fin3
Consolidated Statements of Financial Condition (Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Deferred loan fees | $ 1,008 | $ 1,092 |
Allowance for loan losses | $ 5,225 | $ 4,770 |
Preferred stock, no par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 1,000,000 | 1,000,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 8,000,000 | 8,000,000 |
Common stock, shares issued (in shares) | 4,083,127 | 4,083,127 |
Common stock, shares outstanding (in shares) | 3,811,409 | 3,811,409 |
Consolidated Statements of Inco
Consolidated Statements of Income (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
INTEREST AND DIVIDEND INCOME: | ||||
Interest and fees on loans | $ 6,174,000 | $ 4,955,000 | $ 11,744,000 | $ 9,792,000 |
Securities available-for-sale | 714,000 | 740,000 | 1,443,000 | 1,487,000 |
Federal Home Loan Bank and Federal Reserve Bank dividends | 36,000 | 35,000 | 76,000 | 66,000 |
Interest on deposits in banks | 1,000 | 1,000 | 1,000 | 1,000 |
Other interest income | 1,000 | 3,000 | ||
Total interest and dividend income | 6,925,000 | 5,731,000 | 13,265,000 | 11,349,000 |
INTEREST EXPENSE: | ||||
Deposits | 376,000 | 381,000 | 756,000 | 736,000 |
Federal Home Loan Bank advances and other borrowings | 322,000 | 212,000 | 527,000 | 413,000 |
Other long-term debt | 347,000 | 195,000 | 619,000 | 389,000 |
Total interest expense | 1,045,000 | 788,000 | 1,902,000 | 1,538,000 |
NET INTEREST INCOME | 5,880,000 | 4,943,000 | 11,363,000 | 9,811,000 |
Loan loss provision | 302,000 | 459,000 | 603,000 | 909,000 |
NET INTEREST INCOME AFTER LOAN LOSS PROVISION | 5,578,000 | 4,484,000 | 10,760,000 | 8,902,000 |
NONINTEREST INCOME: | ||||
Service charges on deposit accounts | 239,000 | 211,000 | 471,000 | 410,000 |
Net gain on sale of loans (includes $341 and $636 for the three months ended June 30, 2017 and 2016, respectively, and $899 and $1,271 for the six months ended June 30, 2017 and 2016, respectively, related to accumulated other comprehensive earnings reclassification) | 2,263,000 | 2,438,000 | 4,088,000 | 4,156,000 |
Mortgage loan servicing fees | 509,000 | 442,000 | 1,056,000 | 805,000 |
Wealth management income | 180,000 | 159,000 | 321,000 | 295,000 |
Interchange and ATM fees | 228,000 | 223,000 | 434,000 | 425,000 |
Appreciation in cash surrender value of life insurance | 126,000 | 113,000 | 250,000 | 225,000 |
Net (loss) gain on sale of available-for-sale securities (includes ($14) and $84 for the three months ended June 30, 2017 and 2016, respectively, and ($14) and $84 for the six months ended June 30, 2017 and 2016, respectively, related to accumulated other comprehensive earnings reclassification) | (14,000) | 84,000 | (14,000) | 84,000 |
Net (loss) gain on sale of real estate owned and other repossessed property | (24,000) | 12,000 | (25,000) | 12,000 |
Other noninterest income | 63,000 | 124,000 | 197,000 | 290,000 |
Total noninterest income | 3,570,000 | 3,806,000 | 6,778,000 | 6,702,000 |
NONINTEREST EXPENSE: | ||||
Salaries and employee benefits | 4,586,000 | 3,916,000 | 9,019,000 | 7,606,000 |
Occupancy and equipment expense | 672,000 | 671,000 | 1,389,000 | 1,460,000 |
Data processing | 566,000 | 463,000 | 1,133,000 | 1,011,000 |
Advertising | 269,000 | 150,000 | 458,000 | 338,000 |
Amortization of mortgage servicing rights | 262,000 | 285,000 | 524,000 | 513,000 |
Amortization of core deposit intangible and tax credits | 107,000 | 111,000 | 214,000 | 223,000 |
Federal insurance premiums | 36,000 | 123,000 | 120,000 | 206,000 |
Postage | 51,000 | 34,000 | 99,000 | 88,000 |
Legal, accounting and examination fees | 200,000 | 61,000 | 285,000 | 159,000 |
Consulting fees | 59,000 | 34,000 | 108,000 | 117,000 |
Write-down on real estate owned and other repossessed property | 9,000 | 45,000 | ||
Other noninterest expense | 803,000 | 838,000 | 1,665,000 | 1,513,000 |
Total noninterest expense | 7,620,000 | 6,686,000 | 15,059,000 | 13,234,000 |
INCOME BEFORE INCOME TAXES | 1,528,000 | 1,604,000 | 2,479,000 | 2,370,000 |
Income tax expense (includes $858 and $1,005 for the three months ended June 30, 2017 and 2016, respectively, and $883 and $1,465 for the six months ended June, 30, 2017 and 2016, respectively related to income tax expense from reclassification items) | 462,000 | 340,000 | 650,000 | 459,000 |
NET INCOME | $ 1,066,000 | $ 1,264,000 | $ 1,829,000 | $ 1,911,000 |
BASIC EARNINGS PER SHARE (in dollars per share) | $ 0.28 | $ 0.34 | $ 0.48 | $ 0.51 |
DILUTED EARNINGS PER SHARE (in dollars per share) | $ 0.27 | $ 0.32 | $ 0.47 | $ 0.49 |
WEIGHTED AVERAGE SHARES OUTSTANDING (BASIC EPS) (in shares) | 3,811,409 | 3,779,464 | 3,811,409 | 3,779,464 |
WEIGHTED AVERAGE SHARES OUTSTANDING (DILUTED EPS) (in shares) | 3,869,885 | 3,873,171 | 3,872,765 | 3,873,171 |
Consolidated Statements of Inc5
Consolidated Statements of Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Gain on sale of loans, accumulated other comprehensive earnings reclassification | $ 341 | $ 636 | $ 899 | $ 1,271 |
Net (loss) gain on sale of available-for-sale securities, accumulated other comprehensive earnings reclassification | (14) | 84 | (14) | 84 |
Income tax expense (benefit), reclassification items | $ 858 | $ 1,005 | $ 883 | $ 1,465 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Net income | $ 1,066 | $ 1,264 | $ 1,829 | $ 1,911 |
OTHER ITEMS OF COMPREHENSIVE INCOME: | ||||
Change in fair value of investment securities available-for-sale, before income taxes | 1,775 | 2,327 | 2,054 | 3,454 |
Reclassification for net realized losses (gains) on investment securities included in income, before income tax | 14 | (84) | 14 | (84) |
Change in fair value of derivatives designated as cash flow hedges, before income taxes | 657 | 859 | 998 | 1,495 |
Reclassification for net realized gains on derivatives designated as cash flow hedges, before income taxes | (341) | (636) | (899) | (1,271) |
Total other items of comprehensive income | 2,105 | 2,466 | 2,167 | 3,594 |
Income tax expense related to: | ||||
Investment securities | (730) | (914) | (843) | (1,374) |
Derivatives designated as cash flow hedges | (128) | (91) | (40) | (91) |
Total income tax expense | (858) | (1,005) | (883) | (1,465) |
COMPREHENSIVE INCOME | $ 2,313 | $ 2,725 | $ 3,113 | $ 4,040 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Preferred Stock [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Unallocated ESOP Shares [Member] | Treasury Stock [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Other comprehensive income | $ 2,129 | $ 2,129 | ||||||
Dividends paid | (586) | (586) | ||||||
Employee Stock Ownership Plan shares allocated or committed to be released for allocation | 16 | 84 | 100 | |||||
Balance at Jun. 30, 2016 | 41 | 22,168 | (891) | (3,321) | 38,626 | 2,381 | 59,004 | |
Balance at Dec. 31, 2015 | 41 | 22,152 | (975) | (3,321) | 37,301 | 252 | 55,450 | |
Net income | 1,911 | 1,911 | ||||||
Balance at Jun. 30, 2016 | 41 | 22,168 | (891) | (3,321) | 38,626 | 2,381 | 59,004 | |
Balance at Mar. 31, 2016 | 920 | |||||||
Net income | 1,264 | |||||||
Other comprehensive income | 1,284 | 1,284 | ||||||
Dividends paid | (609) | (609) | ||||||
Employee Stock Ownership Plan shares allocated or committed to be released for allocation | 78 | 84 | 162 | |||||
Balance at Jun. 30, 2017 | 41 | 22,444 | (725) | (2,971) | 42,460 | 873 | 62,122 | |
Balance at Dec. 31, 2016 | 41 | 22,366 | (809) | (2,971) | 41,240 | (411) | 59,456 | |
Net income | 1,829 | 1,829 | ||||||
Balance at Jun. 30, 2017 | $ 41 | $ 22,444 | $ (725) | $ (2,971) | $ 42,460 | 873 | 62,122 | |
Balance at Mar. 31, 2017 | $ (374) | |||||||
Net income | $ 1,066 |
Consolidated Statements of Cha8
Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
Retained Earnings [Member] | ||
Dividends paid, per share (in dollars per share) | $ 0.08 | $ 0.0775 |
Unallocated ESOP Shares [Member] | ||
ESOP shares allocated or committed to be released for allocation, shares (in shares) | 8,308 | 8,308 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2017 | Jun. 30, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $ 1,829 | $ 1,911 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Loan loss provision | 603 | 909 |
Write-down on real estate owned and other repossessed assets | 45 | |
Depreciation | 472 | 541 |
Net amortization of investment securities premium and discounts | 822 | 983 |
Amortization of mortgage servicing rights | 524 | 513 |
Amortization of core deposit intangible and tax credits | 214 | 223 |
Deferred income tax benefit | (50) | (288) |
Net gain on sale of loans | (4,088) | (4,156) |
Net loss (gain) on sale of available-for-sale securities | 14 | (84) |
Net loss (gain) on sale of real estate owned and other repossessed assets | 25 | (12) |
Net loss on sale/disposal of premises and equipment | 6 | |
Net appreciation in cash surrender value of life insurance | (194) | (169) |
Net change in: | ||
Accrued interest and dividends receivable | (51) | 4 |
Loans held-for-sale | 6,211 | 1,836 |
Other assets | 324 | 228 |
Accrued expenses and other liabilities | 738 | 1,050 |
Net cash provided by operating activities | 7,438 | 3,495 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Sales | 2,749 | 3,162 |
Maturities, principal payments and calls | 5,035 | 6,129 |
Purchases | (1,307) | (1,531) |
Federal Home Loan Bank stock purchased | (829) | (338) |
Federal Reserve Bank stock redeemed | 16 | |
Loan origination and principal collection, net | (42,917) | (37,618) |
Purchase of Bank owned life insurance | (2,000) | |
Proceeds from sale of real estate and other repossessed assets acquired in settlement of loans | 262 | 76 |
Proceeds from sale of premises and equipment | 7 | |
Additions to premises and equipment | (1,119) | (302) |
Net cash used in investing activities | (38,126) | (32,399) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net increase in deposits | 1,470 | 25,700 |
Net short-term advances on Federal Home Loan Bank and other borrowings | 11,553 | 4,083 |
Long-term advances from Federal Home Loan Bank and other borrowings | 17,000 | 5,000 |
Payments on long-term Federal Home Loan Bank and other borrowings | (6,784) | (6,308) |
Proceeds from issuance of long-term debt | 10,000 | |
Payments for debt issuance costs | (219) | |
Dividends paid | (609) | (586) |
Net cash provided by financing activities | 32,411 | 27,889 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1,723 | (1,015) |
CASH AND CASH EQUIVALENTS, beginning of period | 7,318 | 7,438 |
CASH AND CASH EQUIVALENTS, end of period | 9,041 | 6,423 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ||
Cash paid during the period for interest | 1,763 | 1,554 |
Cash paid during the period for income taxes | 680 | 590 |
NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||
Increase in market value of securities available-for-sale | 2,068 | 3,370 |
Mortgage servicing rights recognized | 798 | 741 |
Loans transferred to real estate and other assets acquired in foreclosure | 34 | |
Employee Stock Ownership Plan shares released | $ 162 | $ 100 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | NOTE 1. 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 The results of operations for the six June 30, 2017 not December 31, 2017 10 December 31, 2016. The Company evaluated subsequent events for potential recognition and/or disclosure through August 8, 2017 |
Note 2 - Investment Securities
Note 2 - Investment Securities | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | NOTE 2. INVESTMENT SECURITIES Investment securities are summarized as follows: June 30, 2017 December 31, 2016 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 $ 4,223 $ 34 $ (11 ) $ 4,246 $ 5,673 $ 7 $ (72 ) $ 5,608 Municipal obligations 65,283 1,071 (430 ) 65,924 68,493 575 (1,404 ) 67,664 Corporate obligations 9,639 34 (67 ) 9,606 9,454 15 (162 ) 9,307 MBSs - government-backed 27,519 426 (228 ) 27,717 29,537 283 (308 ) 29,512 CMOs - government backed 15,710 29 (41 ) 15,698 16,530 15 (200 ) 16,345 Total $ 122,374 $ 1,594 $ (777 ) $ 123,191 $ 129,687 $ 895 $ (2,146 ) $ 128,436 Proceeds from sales of available-for-sale securities and the associated gross realized gains and losses were as follows: Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 (In Thousands) Proceeds from sale of available-for-sale securities $ 2,749 $ 3,162 $ 2,749 $ 3,162 Gross realized gain on sale of available-for-sale securities $ 14 $ 84 $ 14 $ 84 Gross realized loss on sale of available-for-sale securities (28 ) - (28 ) - Net realized (loss) gain on sale of available-for-sale securities $ (14 ) $ 84 $ (14 ) $ 84 The amortized cost and fair value of securities by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may June 30, 2017 Amortized Fair Cost Value (In Thousands) Due in one year or less $ 2,663 $ 2,660 Due from one to five years 7,183 7,256 Due from five to ten years 14,319 14,349 Due after ten years 54,980 55,511 79,145 79,776 MBSs - government-backed 27,519 27,717 CMOs - government-backed 15,710 15,698 Total $ 122,374 $ 123,191 Maturities of securities do not The Company’s investment securities that have been in a continuous unrealized loss position for less than twelve twelve June 30, 2017 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 $ 1,541 $ (11 ) $ - $ - Municipal obligations 25,664 (423 ) 458 (7 ) Corporate obligations 3,381 (6 ) 2,939 (61 ) MBSs and CMOs - government-backed 18,035 (180 ) 6,902 (89 ) Total $ 48,621 $ (620 ) $ 10,299 $ (157 ) December 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 $ 4,420 $ (72 ) $ - $ - Municipal obligations 39,786 (1,392 ) 634 (12 ) Corporate obligations 3,375 (15 ) 4,918 (147 ) MBSs and CMOs - government-backed 18,113 (405 ) 7,855 (103 ) Total $ 65,694 $ (1,884 ) $ 13,407 $ (262 ) 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 2 3 June 30, 2017 December 31, 2016, 65 97 not As of June 30, 2017, 42 1.57% December 31, 2016, 70 3.19% no As of June 30, 2017, 10 1.05% December 31, 2016, 13 1.92% No one no As of June 30, 2017, 13 1.07% December 31, 2016, 14 1.92% not not no June 30, 2017 no not |
Note 3 - Loans Receivable
Note 3 - Loans Receivable | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 3 . LOANS RECEIVABLE Loans receivable consisted of the following: June 30, December 31, 2017 2016 (In Thousands) First mortgage loans: Residential mortgage (1-4 family) $ 110,906 $ 113,262 Commercial real estate 246,005 214,927 Real estate construction 29,440 20,540 Other loans: Home equity 49,266 49,018 Consumer 15,293 14,800 Commercial 58,230 54,706 Total 509,140 467,253 Deferred loan fees, net (1,008 ) (1,092 ) Allowance for loan losses (5,225 ) (4,770 ) Total loans, net $ 502,907 $ 461,391 Within the commercial real estate loan category above, $11,307,000 $11,586,000 June 30, 2017 December 31, 2016, $1,509,000 $1,588,000 June 30, 2017, December 31, 2016, The following table includes information regarding nonperforming assets. June 30, December 31, 2017 2016 (Dollars in Thousands) Non-accrual loans $ 1,611 $ 614 Accruing loans delinquent 90 days or more 79 495 Restructured loans, net - 43 Total nonperforming loans 1,690 1,152 Real estate owned and other repossessed assets, net 493 825 Total nonperforming assets $ 2,183 $ 1,977 Total nonperforming assets as a percentage of total assets 0.31 % 0.29 % Allowance for loan losses $ 5,225 $ 4,770 Percent of allowance for loan losses to nonperforming loans 309.17 % 414.06 % Percent of allowance for loan losses to nonperforming assets 239.35 % 241.27 % Allowance for loan losses activity was as follows: Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Allowance for loan losses: Beginning balance, April 1, 2017 $ 999 $ 2,278 $ 252 $ 471 $ 210 $ 865 $ 5,075 Charge-offs - - - - (90 ) (99 ) (189 ) Recoveries - - - 34 3 - 37 Provision - 100 - - 102 100 302 Ending balance, June 30, 2017 $ 999 $ 2,378 $ 252 $ 505 $ 225 $ 866 $ 5,225 Allowance for loan losses: Beginning balance, January 1, 2017 $ 997 $ 2,079 $ 244 $ 460 $ 193 $ 797 $ 4,770 Charge-offs - - - - (99 ) (99 ) (198 ) Recoveries - - - 39 11 - 50 Provision 2 299 8 6 120 168 603 Ending balance, June 30, 2017 $ 999 $ 2,378 $ 252 $ 505 $ 225 $ 866 $ 5,225 Ending balance, June 30, 2017 allocated to loans individually evaluated for impairment $ - $ - $ - $ - $ 38 $ - $ 38 Ending balance, June 30, 2017 allocated to loans collectively evaluated for impairment $ 999 $ 2,378 $ 252 $ 505 $ 187 $ 866 $ 5,187 Loans receivable: Ending balance, June 30, 2017 $ 110,906 $ 246,005 $ 29,440 $ 49,266 $ 15,293 $ 58,230 $ 509,140 Ending balance, June 30, 2017 of loans individually evaluated for impairment $ 500 $ 451 $ - $ 305 $ 144 $ 211 $ 1,611 Ending balance, June 30, 2017 of loans collectively evaluated for impairment $ 110,406 $ 245,554 $ 29,440 $ 48,961 $ 15,149 $ 58,019 $ 507,529 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Allowance for loan losses: Beginning balance, April 1, 2016 $ 981 $ 1,735 $ 244 $ 365 $ 165 $ 450 $ 3,940 Charge-offs - - - - (76 ) (72 ) (148 ) Recoveries - - - - 9 - 9 Provision - 272 - - 76 111 459 Ending balance, June 30, 2016 $ 981 $ 2,007 $ 244 $ 365 $ 174 $ 489 $ 4,260 Allowance for loan losses: Beginning balance, January 1, 2016 $ 911 $ 1,593 $ 184 $ 342 $ 66 $ 454 $ 3,550 Charge-offs - - - (7 ) (100 ) (104 ) (211 ) Recoveries - - - - 12 - 12 Provision 70 414 60 30 196 139 909 Ending balance, June 30, 2016 $ 981 $ 2,007 $ 244 $ 365 $ 174 $ 489 $ 4,260 Ending balance, June 30, 2016 allocated to loans individually evaluated for impairment $ - $ - $ - $ - $ 25 $ - $ 25 Ending balance, June 30, 2016 allocated to loans collectively evaluated for impairment $ 981 $ 2,007 $ 244 $ 365 $ 149 $ 489 $ 4,235 Loans receivable: Ending balance, June 30, 2016 $ 116,207 $ 200,848 $ 16,382 $ 47,842 $ 14,618 $ 48,982 $ 444,879 Ending balance, June 30, 2016 of loans individually evaluated for impairment $ 1,000 $ 374 $ - $ 332 $ 117 $ 261 $ 2,084 Ending balance, June 30, 2016 of loans collectively evaluated for impairment $ 115,207 $ 200,474 $ 16,382 $ 47,510 $ 14,501 $ 48,721 $ 442,795 The Company utilizes an 8 Loans R ated Pass 1 5 Loans R ated Special Mention 6 may Loans R ated Substandard 7 not Loans R ated Doubtful 8 Loans R ated Loss not 8 not not no not may 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 90 60 third Internal classification of the loan portfolio was as follows: June 30, 2017 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Grade: Pass $ 110,132 $ 245,550 $ 28,984 $ 48,961 $ 15,141 $ 57,700 $ 506,468 Special mention - - 456 - - - 456 Substandard 774 455 - 305 114 530 2,178 Doubtful - - - - - - - Loss - - - - 38 - 38 Total $ 110,906 $ 246,005 $ 29,440 $ 49,266 $ 15,293 $ 58,230 $ 509,140 Credit risk profile based on payment activity Performing $ 110,406 $ 245,554 $ 29,440 $ 48,961 $ 15,149 $ 57,940 $ 507,450 Restructured loans - - - - - - - Nonperforming 500 451 - 305 144 290 1,690 Total $ 110,906 $ 246,005 $ 29,440 $ 49,266 $ 15,293 $ 58,230 $ 509,140 December 31, 2016 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Grade: Pass $ 112,524 $ 214,476 $ 20,084 $ 48,643 $ 14,697 $ 54,470 $ 464,894 Special mention - - 456 - - - 456 Substandard 738 451 - 375 95 236 1,895 Doubtful - - - - - - - Loss - - - - 8 - 8 Total $ 113,262 $ 214,927 $ 20,540 $ 49,018 $ 14,800 $ 54,706 $ 467,253 Credit risk profile based on payment activity Performing $ 112,585 $ 214,923 $ 20,540 $ 48,643 $ 14,704 $ 54,706 $ 466,101 Restructured loans - - - 43 - - 43 Nonperforming 677 4 - 332 96 - 1,109 Total $ 113,262 $ 214,927 $ 20,540 $ 49,018 $ 14,800 $ 54,706 $ 467,253 The following tables include information regarding delinquencies within the loan portfolio. June 30, 2017 Loans Past Due and Still Accruing 90 Days 30-89 Days and Non-Accrual Current Total Past Due Greater Total Loans Loans Loans (In Thousands) Residential mortgage (1-4 family) $ 764 $ - $ 764 $ 500 $ 109,642 $ 110,906 Commercial real estate 250 - 250 451 245,304 246,005 Real estate construction - - - - 29,440 29,440 Home equity 320 - 320 305 48,641 49,266 Consumer 138 - 138 144 15,011 15,293 Commercial 299 79 378 211 57,641 58,230 Total $ 1,771 $ 79 $ 1,850 $ 1,611 $ 505,679 $ 509,140 December 31, 2016 Loans Past Due and Still Accruing 90 Days 30-89 Days and Non-Accrual Current Total Past Due Greater Total Loans Loans Loans (In Thousands) Residential mortgage (1-4 family) $ 975 $ 456 $ 1,431 $ 221 $ 111,610 $ 113,262 Commercial real estate 513 4 517 - 214,410 214,927 Real estate construction - - - - 20,540 20,540 Home equity 365 35 400 297 48,321 49,018 Consumer 169 - 169 96 14,535 14,800 Commercial 249 - 249 - 54,457 54,706 Total $ 2,271 $ 495 $ 2,766 $ 614 $ 463,873 $ 467,253 The following tables include information regarding impaired loans. June 30, 2017 Unpaid Recorded Principal Related Investment Balance Allowance (In Thousands) With no related allowance: Residential mortgage (1-4 family) $ 500 $ 501 $ - Commercial real estate 451 451 - Construction - - - Home equity 305 324 - Consumer 106 154 - Commercial 211 313 - With a related allowance: Residential mortgage (1-4 family) - - - Commercial real estate - - - Construction - - - Home equity - - - Consumer 38 38 38 Commercial - - - Total: Residential mortgage (1-4 family) 500 501 - Commercial real estate 451 451 - Construction - - - Home equity 305 324 - Consumer 144 192 38 Commercial 211 313 - Total $ 1,611 $ 1,781 $ 38 December 31, 2016 Unpaid Recorded Principal Related Investment Balance Allowance (In Thousands) With no related allowance: Residential mortgage (1-4 family) $ 221 $ 221 $ - Commercial real estate - - - Construction - - - Home equity 340 390 - Consumer 88 135 - Commercial - - - With a related allowance: Residential mortgage (1-4 family) - - - Commercial real estate - - - Construction - - - Home equity - - - Consumer 8 8 8 Commercial - - - Total: Residential mortgage (1-4 family) 221 221 - Commercial real estate - - - Construction - - - Home equity 340 390 - Consumer 96 143 8 Commercial - - - Total $ 657 $ 754 $ 8 Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Average Recorded Investment (In Thousands) Residential mortgage (1-4 family) $ 360 $ 834 $ 360 $ 865 Commercial real estate 226 518 226 520 Construction - - - - Home equity 320 284 323 270 Consumer 140 118 120 131 Commercial 179 214 105 294 Total $ 1,225 $ 1,968 $ 1,134 $ 2,080 Interest income recognized on impaired loans for the three six June 30, 2017 2016 |
Note 4 - Troubled Debt Restruct
Note 4 - Troubled Debt Restructurings | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Troubled Debt Restructurings [Text Block] | NOTE 4 . TROUBLED DEBT RESTRUCTURINGS A troubled debt restructured (“TDR”) loan is a loan in which the Bank grants a concession to the borrower that it would not not 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 Company previously had one December 31, 2016 $43,000 $34,000 $42,000 June 30, 2017 $34,000 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 During the three six June 30, 2017 2016, no There were no six six June 30, 2017. A default for purposes of this disclosure is a troubled debt restructured loan in which the borrower is 90 June 30, 2017 December 31, 2016, no |
Note 5 - Deposits
Note 5 - Deposits | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Deposit Liabilities Disclosures [Text Block] | NOTE 5 . DEPOSITS Deposits are summarized as follows: June 30, December 31, 2017 2016 (In Thousands) Noninterest checking $ 91,811 $ 82,877 Interest bearing checking 95,272 93,163 Savings 88,735 82,266 Money market 89,220 89,211 Time certificates of deposit 149,227 165,278 Total $ 514,265 $ 512,795 |
Note 6 - Other Long-term Debt
Note 6 - Other Long-term Debt | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Long-term Debt [Text Block] | NOTE 6 . OTHER LONG-TERM DEBT Other long-term debt consisted of the following: June 30, 2017 December 31, 2016 Unamortized Unamortized Debt Debt Principal Issuance Principal Issuance Amount Costs Amount Costs (In Thousands) Senior notes fixed at 5.75%, due 2022 $ 10,000 $ (202 ) $ - $ - Subordinated debentures fixed at 6.75%, due 2025 10,000 (175 ) 10,000 (185 ) Subordinated debentures variable at 3-Month Libor plus 1.42%, due 2035 5,155 - 5,155 - Total other long-term debt $ 25,155 $ (377 ) $ 15,155 $ (185 ) In February 2017, $10,000,000 5.75% 2022. not In June 2015, $10,000,000 2025 6.75% In September 2005, $5,155,000 $5,155,000. December 2005. 6.02% December 2010 3 1.42%, 2.719% 2.418% June 30, 2017 December 31, 2016, may five December 2035 For the three June 30, 2017 2016, $347,000 $195,000, six June 30, 2017 2016, $619,000 $389,000, |
Note 7 - Earnings Per Share
Note 7 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | NOTE 7 . EARNINGS PER SHARE Basic earnings per share for the three June 30, 2017 3,811,409 three June 30, 2016 3,779,464 3,869,885 three June 30, 2017 3,873,171 three June 30, 2016. Basic earnings per share for the six June 30, 2017 3,811,409 six June 30, 2016 3,779,464 3,872,765 six June 30, 2017 3,873,171 six June 30, 2016. |
Note 8 - Dividends and Stock Re
Note 8 - Dividends and Stock Repurchase Program | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 8 . DIVIDENDS AND STOCK REPURCHASE PROGRAM For the year ended December 31, 2016, $0.0775 March 31 June 30, 2016. $0.08 September 30 December 31, 2016. $0.08 January 26, 2017, March 3, 2017 February 10, 2017. $0.08 April 20, 2017, June 2, 2017 May 12, 2017. $0.09 July 20, 2017, September 1, 2017 August 11, 2017. On July 20, 2017, 100,000 may July 20, 2018. On July 21, 2016, 100,000 No December 31, 2016. No three March 31, 2017 June 30, 2017. July 21, 2017. On July 23, 2015, 100,000 three December 31, 2015, 15,000 $11.75 three September 30, 2015, 46,065 $11.47 July 23, 2016. |
Note 9 - Accumulated Other Comp
Note 9 - Accumulated Other Comprehensive Income (Loss) | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | 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 (In Thousands) Balance, January 1, 2017 $ 330 $ (741 ) $ (411 ) Other comprehensive income, before reclassifications and income taxes 341 279 620 Amounts reclassified from accumulated other comprehensive income (loss), before income taxes (558 ) - (558 ) Income tax benefit (expense) 88 (113 ) (25 ) Total other comprehensive (loss) income (129 ) 166 37 Balance, March 31, 2017 201 (575 ) (374 ) Other comprehensive income, before reclassifications and income taxes 657 1,775 2,432 Amounts reclassified from accumulated other comprehensive income (loss), before income taxes (341 ) 14 (327 ) Income tax expense (128 ) (730 ) (858 ) Total other comprehensive income 188 1,059 1,247 Balance, June 30, 2017 $ 389 $ 484 $ 873 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 Other comprehensive income, before reclassifications and income taxes 859 2,327 3,186 Amounts reclassified from accumulated other comprehensive income, before income taxes (636 ) (84 ) (720 ) Income tax expense (91 ) (914 ) (1,005 ) Total other comprehensive income 132 1,329 1,461 Balance, June 30, 2016 $ 509 $ 1,872 $ 2,381 |
Note 10 - Derivatives and Hedgi
Note 10 - Derivatives and Hedging Activities | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | NOTE 10. D ERIVATIVES AND HEDGING ACTIVITIES Mortgage Loan Commitments 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 Interest Rate Lock Commitments 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 $35,341,000 $19,738,000 June 30, 2017 December 31, 2016, The Company has no not |
Note 11 - Fair Value Disclosure
Note 11 - Fair Value Disclosures | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
Fair Value, Measurement Inputs, Disclosure [Text Block] | NOTE 1 1 . FAIR VALUE DISCLOSURES FASB ASC 820 not not FASB ASC 820 Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may 820 The fair value hierarchy is as follows: Level 1 Level 2 1 not Level 3 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 may Available-for-Sale Securities 1 2 may Impaired Loans 3 Loans Held-for-Sale 2 Repossessed Assets third 3 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. June 30, 2017 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 $ - $ 4,246 $ - $ 4,246 Municipal obligations - 65,924 - 65,924 Corporate obligations - 9,606 - 9,606 MBSs - government-backed - 27,717 - 27,717 CMOs - government-backed - 15,698 - 15,698 Loans held-for-sale - 16,206 - 16,206 December 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 $ - $ 5,608 $ - $ 5,608 Municipal obligations - 67,664 - 67,664 Corporate obligations - 9,307 - 9,307 MBSs - government-backed - 29,512 - 29,512 CMOs - government-backed - 16,345 - 16,345 Loans held-for-sale - 18,230 - 18,230 Certain financial assets and financial liabilities are measured at fair value on a nonrecurring basis; that is, the instruments are not 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: June 30, 2017 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Impaired loans $ - $ - $ 1,573 $ 1,573 Repossessed assets - - 493 493 December 31, 2016 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Impaired loans $ - $ - $ 649 $ 649 Repossessed assets - - 825 825 As of June 30, 2017, $1,611,000 $38,000 $1,573,000 3 As of December 31, 2016, $657,000 $8,000 $649,000 3 The following table represents the Banks’s Level 3 Fair Value at Principal Significant Range of June 30, December 31, Valuation Unobservable Signficant Input Instrument 2017 2016 Technique Inputs Values (Dollars In Thousands) Impaired loans $ 1,573 $ 649 Appraisal of collateral (1) Appraisal adjustments 10 - 30% Repossessed assets $ 493 $ 825 Appraisal of collateral (1)(3) Liquidation expenses (2) 10 - 30% ( 1 Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various Level 3 not ( 2 Appraisals may ( 3 Includes qualitative adjustments by management and estimated liquidation expenses. FASB ASC Topic 825 not The estimated 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 may June 30, 2017 Total Level 1 Level 2 Level 3 Estimated Carrying Inputs Inputs Inputs Fair Value Amount (In Thousands) Financial assets: Cash and cash equivalents $ 9,041 $ - $ - $ 9,041 $ 9,041 Federal Home Loan Bank stock 4,841 - - 4,841 4,841 Federal Reserve Bank stock 871 - - 871 871 Loans receivable, net - - 504,693 504,693 501,334 Accrued interest and dividends receivable 2,174 - - 2,174 2,174 Mortgage servicing rights - - 6,618 6,618 6,127 Cash surrender value of life insurance 14,289 - - 14,289 14,289 Financial liabilities: Non-maturing interest bearing deposits - 273,227 - 273,227 273,227 Noninterest bearing deposits 91,811 - - 91,811 91,811 Time certificates of deposit - - 148,764 148,764 149,227 Accrued expenses and other liabilities 4,867 - - 4,867 4,867 Federal Home Loan Bank advances and other borrowings - - 104,192 104,192 104,182 Other long-term debt - - 24,481 24,481 24,778 Off-balance-sheet instruments - Forward delivery commitments - - - - - Commitments to extend credit - - - - - Rate lock commitments - - - - - December 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 $ 7,318 $ - $ - $ 7,318 $ 7,318 Federal Home Loan Bank stock 4,012 - - 4,012 4,012 Federal Reserve Bank stock 871 - - 871 871 Loans receivable, net - - 464,797 464,797 460,742 Accrued interest and dividends receivable 2,123 - - 2,123 2,123 Mortgage servicing rights - - 6,741 6,741 5,853 Cash surrender value of life insurance 14,095 - - 14,095 14,095 Financial liabilities: Non-maturing interest bearing deposits - 264,640 - 264,640 264,640 Noninterest bearing deposits 82,877 - - 82,877 82,877 Time certificates of deposit - - 165,129 165,129 165,278 Accrued expenses and other liabilities 4,291 - - 4,291 4,291 Federal Home Loan Bank advances and other borrowings - - 82,462 82,462 82,413 Other long-term debt - - 14,291 14,291 15,155 Off-balance-sheet instruments Forward delivery 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 December 31, 2016 Cash, Interest B earing A ccounts, Accrued I nterest and D ividend R eceivable and A ccrued E xpenses an d Other L iabilities Stock in the F ederal Home L oan B ank of Des Moines (“FHLB”) and F ederal R eserve B ank (“FRB”) Loans R eceivable 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 S ervicing R ights 13.00% 15.00%, 104.00% 277.00% Cash Surrender Value of Life Insurance Deposits and Time Certificates of Deposit no Advances from the FHLB and Subordinated Debentures June 30, 2017 December 31, 2016, Off-Balance-Sheet Instruments no |
Note 12 - Recent Accounting Pro
Note 12 - Recent Accounting Pronouncements | 6 Months Ended |
Jun. 30, 2017 | |
Notes to Financial Statements | |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | NOTE 12. In May 2014, No. 2014 09, 606 may July 9, 2015, one first 2018 not In January 2016, No. 2016 01, 825 10 December 15, 2017 not In February 2016, No. 2016 02, 842 12 December 15, 2018, EAGLE BANCORP MONTANA, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) NOTE 1 2 . RECENT ACCOUNTING PRONOUNCEMENTS - continued In June 2016, No. 2016 13, 326 quantitative requirements that provide additional information about the amounts recorded in the financial statements. Additionally, the standard amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendments in this update are effective for fiscal years beginning after December 15, 2019, may December 15, 2018, first In January 2017, No. 2017 04, 350 2 January 1, 2020 not In March 2017, No. 2017 08, 310 20 not December 15, 2018, |
Note 2 - Investment Securities
Note 2 - Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Marketable Securities [Table Text Block] | June 30, 2017 December 31, 2016 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 $ 4,223 $ 34 $ (11 ) $ 4,246 $ 5,673 $ 7 $ (72 ) $ 5,608 Municipal obligations 65,283 1,071 (430 ) 65,924 68,493 575 (1,404 ) 67,664 Corporate obligations 9,639 34 (67 ) 9,606 9,454 15 (162 ) 9,307 MBSs - government-backed 27,519 426 (228 ) 27,717 29,537 283 (308 ) 29,512 CMOs - government backed 15,710 29 (41 ) 15,698 16,530 15 (200 ) 16,345 Total $ 122,374 $ 1,594 $ (777 ) $ 123,191 $ 129,687 $ 895 $ (2,146 ) $ 128,436 |
Schedule of Realized Gain (Loss) [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 (In Thousands) Proceeds from sale of available-for-sale securities $ 2,749 $ 3,162 $ 2,749 $ 3,162 Gross realized gain on sale of available-for-sale securities $ 14 $ 84 $ 14 $ 84 Gross realized loss on sale of available-for-sale securities (28 ) - (28 ) - Net realized (loss) gain on sale of available-for-sale securities $ (14 ) $ 84 $ (14 ) $ 84 |
Investments Classified by Contractual Maturity Date [Table Text Block] | June 30, 2017 Amortized Fair Cost Value (In Thousands) Due in one year or less $ 2,663 $ 2,660 Due from one to five years 7,183 7,256 Due from five to ten years 14,319 14,349 Due after ten years 54,980 55,511 79,145 79,776 MBSs - government-backed 27,519 27,717 CMOs - government-backed 15,710 15,698 Total $ 122,374 $ 123,191 |
Schedule of Unrealized Loss on Investments [Table Text Block] | June 30, 2017 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 $ 1,541 $ (11 ) $ - $ - Municipal obligations 25,664 (423 ) 458 (7 ) Corporate obligations 3,381 (6 ) 2,939 (61 ) MBSs and CMOs - government-backed 18,035 (180 ) 6,902 (89 ) Total $ 48,621 $ (620 ) $ 10,299 $ (157 ) December 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 $ 4,420 $ (72 ) $ - $ - Municipal obligations 39,786 (1,392 ) 634 (12 ) Corporate obligations 3,375 (15 ) 4,918 (147 ) MBSs and CMOs - government-backed 18,113 (405 ) 7,855 (103 ) Total $ 65,694 $ (1,884 ) $ 13,407 $ (262 ) |
Note 3 - Loans Receivable (Tabl
Note 3 - Loans Receivable (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | June 30, December 31, 2017 2016 (In Thousands) First mortgage loans: Residential mortgage (1-4 family) $ 110,906 $ 113,262 Commercial real estate 246,005 214,927 Real estate construction 29,440 20,540 Other loans: Home equity 49,266 49,018 Consumer 15,293 14,800 Commercial 58,230 54,706 Total 509,140 467,253 Deferred loan fees, net (1,008 ) (1,092 ) Allowance for loan losses (5,225 ) (4,770 ) Total loans, net $ 502,907 $ 461,391 |
Schedule of Information Regarding Non-performing Assets [Table Text Block] | June 30, December 31, 2017 2016 (Dollars in Thousands) Non-accrual loans $ 1,611 $ 614 Accruing loans delinquent 90 days or more 79 495 Restructured loans, net - 43 Total nonperforming loans 1,690 1,152 Real estate owned and other repossessed assets, net 493 825 Total nonperforming assets $ 2,183 $ 1,977 Total nonperforming assets as a percentage of total assets 0.31 % 0.29 % Allowance for loan losses $ 5,225 $ 4,770 Percent of allowance for loan losses to nonperforming loans 309.17 % 414.06 % Percent of allowance for loan losses to nonperforming assets 239.35 % 241.27 % |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Allowance for loan losses: Beginning balance, April 1, 2017 $ 999 $ 2,278 $ 252 $ 471 $ 210 $ 865 $ 5,075 Charge-offs - - - - (90 ) (99 ) (189 ) Recoveries - - - 34 3 - 37 Provision - 100 - - 102 100 302 Ending balance, June 30, 2017 $ 999 $ 2,378 $ 252 $ 505 $ 225 $ 866 $ 5,225 Allowance for loan losses: Beginning balance, January 1, 2017 $ 997 $ 2,079 $ 244 $ 460 $ 193 $ 797 $ 4,770 Charge-offs - - - - (99 ) (99 ) (198 ) Recoveries - - - 39 11 - 50 Provision 2 299 8 6 120 168 603 Ending balance, June 30, 2017 $ 999 $ 2,378 $ 252 $ 505 $ 225 $ 866 $ 5,225 Ending balance, June 30, 2017 allocated to loans individually evaluated for impairment $ - $ - $ - $ - $ 38 $ - $ 38 Ending balance, June 30, 2017 allocated to loans collectively evaluated for impairment $ 999 $ 2,378 $ 252 $ 505 $ 187 $ 866 $ 5,187 Loans receivable: Ending balance, June 30, 2017 $ 110,906 $ 246,005 $ 29,440 $ 49,266 $ 15,293 $ 58,230 $ 509,140 Ending balance, June 30, 2017 of loans individually evaluated for impairment $ 500 $ 451 $ - $ 305 $ 144 $ 211 $ 1,611 Ending balance, June 30, 2017 of loans collectively evaluated for impairment $ 110,406 $ 245,554 $ 29,440 $ 48,961 $ 15,149 $ 58,019 $ 507,529 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Allowance for loan losses: Beginning balance, April 1, 2016 $ 981 $ 1,735 $ 244 $ 365 $ 165 $ 450 $ 3,940 Charge-offs - - - - (76 ) (72 ) (148 ) Recoveries - - - - 9 - 9 Provision - 272 - - 76 111 459 Ending balance, June 30, 2016 $ 981 $ 2,007 $ 244 $ 365 $ 174 $ 489 $ 4,260 Allowance for loan losses: Beginning balance, January 1, 2016 $ 911 $ 1,593 $ 184 $ 342 $ 66 $ 454 $ 3,550 Charge-offs - - - (7 ) (100 ) (104 ) (211 ) Recoveries - - - - 12 - 12 Provision 70 414 60 30 196 139 909 Ending balance, June 30, 2016 $ 981 $ 2,007 $ 244 $ 365 $ 174 $ 489 $ 4,260 Ending balance, June 30, 2016 allocated to loans individually evaluated for impairment $ - $ - $ - $ - $ 25 $ - $ 25 Ending balance, June 30, 2016 allocated to loans collectively evaluated for impairment $ 981 $ 2,007 $ 244 $ 365 $ 149 $ 489 $ 4,235 Loans receivable: Ending balance, June 30, 2016 $ 116,207 $ 200,848 $ 16,382 $ 47,842 $ 14,618 $ 48,982 $ 444,879 Ending balance, June 30, 2016 of loans individually evaluated for impairment $ 1,000 $ 374 $ - $ 332 $ 117 $ 261 $ 2,084 Ending balance, June 30, 2016 of loans collectively evaluated for impairment $ 115,207 $ 200,474 $ 16,382 $ 47,510 $ 14,501 $ 48,721 $ 442,795 |
Financing Receivable Credit Quality Indicators [Table Text Block] | June 30, 2017 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Grade: Pass $ 110,132 $ 245,550 $ 28,984 $ 48,961 $ 15,141 $ 57,700 $ 506,468 Special mention - - 456 - - - 456 Substandard 774 455 - 305 114 530 2,178 Doubtful - - - - - - - Loss - - - - 38 - 38 Total $ 110,906 $ 246,005 $ 29,440 $ 49,266 $ 15,293 $ 58,230 $ 509,140 Credit risk profile based on payment activity Performing $ 110,406 $ 245,554 $ 29,440 $ 48,961 $ 15,149 $ 57,940 $ 507,450 Restructured loans - - - - - - - Nonperforming 500 451 - 305 144 290 1,690 Total $ 110,906 $ 246,005 $ 29,440 $ 49,266 $ 15,293 $ 58,230 $ 509,140 December 31, 2016 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Grade: Pass $ 112,524 $ 214,476 $ 20,084 $ 48,643 $ 14,697 $ 54,470 $ 464,894 Special mention - - 456 - - - 456 Substandard 738 451 - 375 95 236 1,895 Doubtful - - - - - - - Loss - - - - 8 - 8 Total $ 113,262 $ 214,927 $ 20,540 $ 49,018 $ 14,800 $ 54,706 $ 467,253 Credit risk profile based on payment activity Performing $ 112,585 $ 214,923 $ 20,540 $ 48,643 $ 14,704 $ 54,706 $ 466,101 Restructured loans - - - 43 - - 43 Nonperforming 677 4 - 332 96 - 1,109 Total $ 113,262 $ 214,927 $ 20,540 $ 49,018 $ 14,800 $ 54,706 $ 467,253 |
Past Due Financing Receivables [Table Text Block] | June 30, 2017 Loans Past Due and Still Accruing 90 Days 30-89 Days and Non-Accrual Current Total Past Due Greater Total Loans Loans Loans (In Thousands) Residential mortgage (1-4 family) $ 764 $ - $ 764 $ 500 $ 109,642 $ 110,906 Commercial real estate 250 - 250 451 245,304 246,005 Real estate construction - - - - 29,440 29,440 Home equity 320 - 320 305 48,641 49,266 Consumer 138 - 138 144 15,011 15,293 Commercial 299 79 378 211 57,641 58,230 Total $ 1,771 $ 79 $ 1,850 $ 1,611 $ 505,679 $ 509,140 December 31, 2016 Loans Past Due and Still Accruing 90 Days 30-89 Days and Non-Accrual Current Total Past Due Greater Total Loans Loans Loans (In Thousands) Residential mortgage (1-4 family) $ 975 $ 456 $ 1,431 $ 221 $ 111,610 $ 113,262 Commercial real estate 513 4 517 - 214,410 214,927 Real estate construction - - - - 20,540 20,540 Home equity 365 35 400 297 48,321 49,018 Consumer 169 - 169 96 14,535 14,800 Commercial 249 - 249 - 54,457 54,706 Total $ 2,271 $ 495 $ 2,766 $ 614 $ 463,873 $ 467,253 |
Impaired Financing Receivables [Table Text Block] | June 30, 2017 Unpaid Recorded Principal Related Investment Balance Allowance (In Thousands) With no related allowance: Residential mortgage (1-4 family) $ 500 $ 501 $ - Commercial real estate 451 451 - Construction - - - Home equity 305 324 - Consumer 106 154 - Commercial 211 313 - With a related allowance: Residential mortgage (1-4 family) - - - Commercial real estate - - - Construction - - - Home equity - - - Consumer 38 38 38 Commercial - - - Total: Residential mortgage (1-4 family) 500 501 - Commercial real estate 451 451 - Construction - - - Home equity 305 324 - Consumer 144 192 38 Commercial 211 313 - Total $ 1,611 $ 1,781 $ 38 December 31, 2016 Unpaid Recorded Principal Related Investment Balance Allowance (In Thousands) With no related allowance: Residential mortgage (1-4 family) $ 221 $ 221 $ - Commercial real estate - - - Construction - - - Home equity 340 390 - Consumer 88 135 - Commercial - - - With a related allowance: Residential mortgage (1-4 family) - - - Commercial real estate - - - Construction - - - Home equity - - - Consumer 8 8 8 Commercial - - - Total: Residential mortgage (1-4 family) 221 221 - Commercial real estate - - - Construction - - - Home equity 340 390 - Consumer 96 143 8 Commercial - - - Total $ 657 $ 754 $ 8 |
Impaired Financing Receivables, Average Recorded Investment [Table Text Block] | Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Average Recorded Investment (In Thousands) Residential mortgage (1-4 family) $ 360 $ 834 $ 360 $ 865 Commercial real estate 226 518 226 520 Construction - - - - Home equity 320 284 323 270 Consumer 140 118 120 131 Commercial 179 214 105 294 Total $ 1,225 $ 1,968 $ 1,134 $ 2,080 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Deposit Liabilities, Type [Table Text Block] | June 30, December 31, 2017 2016 (In Thousands) Noninterest checking $ 91,811 $ 82,877 Interest bearing checking 95,272 93,163 Savings 88,735 82,266 Money market 89,220 89,211 Time certificates of deposit 149,227 165,278 Total $ 514,265 $ 512,795 |
Note 6 - Other Long-term Debt (
Note 6 - Other Long-term Debt (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | June 30, 2017 December 31, 2016 Unamortized Unamortized Debt Debt Principal Issuance Principal Issuance Amount Costs Amount Costs (In Thousands) Senior notes fixed at 5.75%, due 2022 $ 10,000 $ (202 ) $ - $ - Subordinated debentures fixed at 6.75%, due 2025 10,000 (175 ) 10,000 (185 ) Subordinated debentures variable at 3-Month Libor plus 1.42%, due 2035 5,155 - 5,155 - Total other long-term debt $ 25,155 $ (377 ) $ 15,155 $ (185 ) |
Note 9 - Accumulated Other Co26
Note 9 - Accumulated Other Comprehensive Income (Loss) (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block] | Unrealized Unrealized Gains (Losses) (Losses) Gains on Derivatives on Investment Designated as Securities Cash Flow Hedges Available for Sale Total (In Thousands) Balance, January 1, 2017 $ 330 $ (741 ) $ (411 ) Other comprehensive income, before reclassifications and income taxes 341 279 620 Amounts reclassified from accumulated other comprehensive income (loss), before income taxes (558 ) - (558 ) Income tax benefit (expense) 88 (113 ) (25 ) Total other comprehensive (loss) income (129 ) 166 37 Balance, March 31, 2017 201 (575 ) (374 ) Other comprehensive income, before reclassifications and income taxes 657 1,775 2,432 Amounts reclassified from accumulated other comprehensive income (loss), before income taxes (341 ) 14 (327 ) Income tax expense (128 ) (730 ) (858 ) Total other comprehensive income 188 1,059 1,247 Balance, June 30, 2017 $ 389 $ 484 $ 873 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 Other comprehensive income, before reclassifications and income taxes 859 2,327 3,186 Amounts reclassified from accumulated other comprehensive income, before income taxes (636 ) (84 ) (720 ) Income tax expense (91 ) (914 ) (1,005 ) Total other comprehensive income 132 1,329 1,461 Balance, June 30, 2016 $ 509 $ 1,872 $ 2,381 |
Note 11 - Fair Value Disclosu27
Note 11 - Fair Value Disclosures (Tables) | 6 Months Ended |
Jun. 30, 2017 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | June 30, 2017 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 $ - $ 4,246 $ - $ 4,246 Municipal obligations - 65,924 - 65,924 Corporate obligations - 9,606 - 9,606 MBSs - government-backed - 27,717 - 27,717 CMOs - government-backed - 15,698 - 15,698 Loans held-for-sale - 16,206 - 16,206 December 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 $ - $ 5,608 $ - $ 5,608 Municipal obligations - 67,664 - 67,664 Corporate obligations - 9,307 - 9,307 MBSs - government-backed - 29,512 - 29,512 CMOs - government-backed - 16,345 - 16,345 Loans held-for-sale - 18,230 - 18,230 |
Fair Value Measurements, Nonrecurring [Table Text Block] | June 30, 2017 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Impaired loans $ - $ - $ 1,573 $ 1,573 Repossessed assets - - 493 493 December 31, 2016 Level 1 Level 2 Level 3 Total Fair Inputs Inputs Inputs Value (In Thousands) Impaired loans $ - $ - $ 649 $ 649 Repossessed assets - - 825 825 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Table Text Block] | Fair Value at Principal Significant Range of June 30, December 31, Valuation Unobservable Signficant Input Instrument 2017 2016 Technique Inputs Values (Dollars In Thousands) Impaired loans $ 1,573 $ 649 Appraisal of collateral (1) Appraisal adjustments 10 - 30% Repossessed assets $ 493 $ 825 Appraisal of collateral (1)(3) Liquidation expenses (2) 10 - 30% |
Fair Value, by Balance Sheet Grouping [Table Text Block] | June 30, 2017 Total Level 1 Level 2 Level 3 Estimated Carrying Inputs Inputs Inputs Fair Value Amount (In Thousands) Financial assets: Cash and cash equivalents $ 9,041 $ - $ - $ 9,041 $ 9,041 Federal Home Loan Bank stock 4,841 - - 4,841 4,841 Federal Reserve Bank stock 871 - - 871 871 Loans receivable, net - - 504,693 504,693 501,334 Accrued interest and dividends receivable 2,174 - - 2,174 2,174 Mortgage servicing rights - - 6,618 6,618 6,127 Cash surrender value of life insurance 14,289 - - 14,289 14,289 Financial liabilities: Non-maturing interest bearing deposits - 273,227 - 273,227 273,227 Noninterest bearing deposits 91,811 - - 91,811 91,811 Time certificates of deposit - - 148,764 148,764 149,227 Accrued expenses and other liabilities 4,867 - - 4,867 4,867 Federal Home Loan Bank advances and other borrowings - - 104,192 104,192 104,182 Other long-term debt - - 24,481 24,481 24,778 Off-balance-sheet instruments - Forward delivery commitments - - - - - Commitments to extend credit - - - - - Rate lock commitments - - - - - December 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 $ 7,318 $ - $ - $ 7,318 $ 7,318 Federal Home Loan Bank stock 4,012 - - 4,012 4,012 Federal Reserve Bank stock 871 - - 871 871 Loans receivable, net - - 464,797 464,797 460,742 Accrued interest and dividends receivable 2,123 - - 2,123 2,123 Mortgage servicing rights - - 6,741 6,741 5,853 Cash surrender value of life insurance 14,095 - - 14,095 14,095 Financial liabilities: Non-maturing interest bearing deposits - 264,640 - 264,640 264,640 Noninterest bearing deposits 82,877 - - 82,877 82,877 Time certificates of deposit - - 165,129 165,129 165,278 Accrued expenses and other liabilities 4,291 - - 4,291 4,291 Federal Home Loan Bank advances and other borrowings - - 82,462 82,462 82,413 Other long-term debt - - 14,291 14,291 15,155 Off-balance-sheet instruments Forward delivery commitments - - - - - Commitments to extend credit - - - - - Rate lock commitments - - - - - |
Note 2 - Investment Securitie28
Note 2 - Investment Securities (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 65 | 97 |
Expected Credit Loss on Securities | $ 0 | |
US Government Agencies Debt Securities [Member] | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 42 | 70 |
Available for Sale Securities, Continuous Unrealized Loss Position, Aggregate Depreciation from Amortized Cost Basis | 1.57% | 3.19% |
Corporate Debt Securities [Member] | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 10 | 13 |
Available for Sale Securities, Continuous Unrealized Loss Position, Aggregate Depreciation from Amortized Cost Basis | 1.05% | 1.92% |
Mortgage-backed Securities and Collateralized Mortgage Obligations [Member] | ||
Available-for-sale, Securities in Unrealized Loss Positions, Qualitative Disclosure, Number of Positions | 13 | 14 |
Available for Sale Securities, Continuous Unrealized Loss Position, Aggregate Depreciation from Amortized Cost Basis | 1.07% | 1.92% |
Note 2 - Investment Securitie29
Note 2 - Investment Securities - Summary of Investment Securities (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Securities available-for-sale, gross unrealized losses | $ (777) | $ (2,146) |
Securities available-for-sale | 123,191 | 128,436 |
Securities available-for-sale, amortized cost | 122,374 | 129,687 |
Securities available-for-sale, gross unrealized gains | 1,594 | 895 |
US Government Agencies Debt Securities [Member] | ||
Securities available-for-sale, gross unrealized losses | (11) | (72) |
Securities available-for-sale | 4,246 | 5,608 |
Securities available-for-sale, amortized cost | 4,223 | 5,673 |
Securities available-for-sale, gross unrealized gains | 34 | 7 |
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale, gross unrealized losses | (430) | (1,404) |
Securities available-for-sale | 65,924 | 67,664 |
Securities available-for-sale, amortized cost | 65,283 | 68,493 |
Securities available-for-sale, gross unrealized gains | 1,071 | 575 |
Corporate Debt Securities [Member] | ||
Securities available-for-sale, gross unrealized losses | (67) | (162) |
Securities available-for-sale | 9,606 | 9,307 |
Securities available-for-sale, amortized cost | 9,639 | 9,454 |
Securities available-for-sale, gross unrealized gains | 34 | 15 |
Mortgage-backed Securities, Government Backed [Member] | ||
Securities available-for-sale, gross unrealized losses | (228) | (308) |
Securities available-for-sale | 27,717 | 29,512 |
Securities available-for-sale, amortized cost | 27,519 | 29,537 |
Securities available-for-sale, gross unrealized gains | 426 | 283 |
Collateralized Mortgage Obligations, Government Backed [Member] | ||
Securities available-for-sale, gross unrealized losses | (41) | (200) |
Securities available-for-sale | 15,698 | 16,345 |
Securities available-for-sale, amortized cost | 15,710 | 16,530 |
Securities available-for-sale, gross unrealized gains | $ 29 | $ 15 |
Note 2 - Investment Securitie30
Note 2 - Investment Securities - Proceeds From Sale of Available-for-sale Securities and the Associated Gross Realized Gains and Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Proceeds from sale of available-for-sale securities | $ 2,749 | $ 3,162 | $ 2,749 | $ 3,162 |
Gross realized gain on sale of available-for-sale securities | 14 | 84 | 14 | 84 |
Gross realized loss on sale of available-for-sale securities | (28) | (28) | ||
Net realized (loss) gain on sale of available-for-sale securities | $ (14) | $ 84 | $ (14) | $ 84 |
Note 2 - Investment Securitie31
Note 2 - Investment Securities - Amortized Cost and Fair Value of Securities by Contractual Maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Available for sale securities, due in one year or less, amortized cost | $ 2,663 | |
Available for sale securities, due in one year or less, fair value | 2,660 | |
Available for sale securities, due from one to five years, amortized cost | 7,183 | |
Available for sale securities, due from one to five years, fair value | 7,256 | |
Available for sale securities, due from five to ten years, amortized cost | 14,319 | |
Available for sale securities, due from five to ten years, fair value | 14,349 | |
Available for sale securities, due after ten years, amortized cost | 54,980 | |
Available for sale securities, due after ten years, fair value | 55,511 | |
Total available for sale securities debt maturities, amortized cost | 79,145 | |
Total available for sale securities, debt maturities, fair value | 79,776 | |
Securities available-for-sale, amortized cost | 122,374 | $ 129,687 |
Securities available-for-sale | 123,191 | 128,436 |
Mortgage-backed Securities, Government Backed [Member] | ||
Securities available-for-sale, amortized cost | 27,519 | 29,537 |
Securities available-for-sale | 27,717 | 29,512 |
Collateralized Mortgage Obligations, Government Backed [Member] | ||
Securities available-for-sale, amortized cost | 15,710 | 16,530 |
Securities available-for-sale | $ 15,698 | $ 16,345 |
Note 2 - Investment Securitie32
Note 2 - Investment Securities - Investment Securities in a Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Available for sale securities, continuous unrealized loss position less than 12 months, fair value | $ 48,621 | $ 65,694 |
Available for sale securities, continuous unrealized loss position less than 12 months, gross unrealized losses | (620) | (1,884) |
Available for sale securities, continuous unrealized loss position for 12 months or longer, fair value | 10,299 | 13,407 |
Available for sale securities, continuous unrealized loss position for 12 months or longer, gross unrealized losses | (157) | (262) |
US Government Corporations and Agencies Securities [Member] | ||
Available for sale securities, continuous unrealized loss position less than 12 months, fair value | 1,541 | 4,420 |
Available for sale securities, continuous unrealized loss position less than 12 months, gross unrealized losses | (11) | (72) |
Available for sale securities, continuous unrealized loss position for 12 months or longer, fair value | 0 | |
Available for sale securities, continuous unrealized loss position for 12 months or longer, gross unrealized losses | 0 | |
US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities, continuous unrealized loss position less than 12 months, fair value | 25,664 | 39,786 |
Available for sale securities, continuous unrealized loss position less than 12 months, gross unrealized losses | (423) | (1,392) |
Available for sale securities, continuous unrealized loss position for 12 months or longer, fair value | 458 | 634 |
Available for sale securities, continuous unrealized loss position for 12 months or longer, gross unrealized losses | (7) | (12) |
Corporate Debt Securities [Member] | ||
Available for sale securities, continuous unrealized loss position less than 12 months, fair value | 3,381 | 3,375 |
Available for sale securities, continuous unrealized loss position less than 12 months, gross unrealized losses | (6) | (15) |
Available for sale securities, continuous unrealized loss position for 12 months or longer, fair value | 2,939 | 4,918 |
Available for sale securities, continuous unrealized loss position for 12 months or longer, gross unrealized losses | (61) | (147) |
Mortgage-backed Securities and Collateralized Mortgage Obligations [Member] | ||
Available for sale securities, continuous unrealized loss position less than 12 months, fair value | 18,035 | 18,113 |
Available for sale securities, continuous unrealized loss position less than 12 months, gross unrealized losses | (180) | (405) |
Available for sale securities, continuous unrealized loss position for 12 months or longer, fair value | 6,902 | 7,855 |
Available for sale securities, continuous unrealized loss position for 12 months or longer, gross unrealized losses | $ (89) | $ (103) |
Note 3 - Loans Receivable (Deta
Note 3 - Loans Receivable (Details Textual) - USD ($) | 6 Months Ended | ||
Jun. 30, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | |
Loans and Leases Receivable, Gross | $ 509,140,000 | $ 467,253,000 | $ 444,879,000 |
Minimum Principal Balance of Loans for Quarterly Rating Review | 750,000 | ||
Commercial Real Estate Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross | 246,005,000 | 214,927,000 | 200,848,000 |
Commercial Real Estate Portfolio Segment [Member] | United States Department of Agriculture Rural Development [Member] | |||
Loans and Leases Receivable, Gross | 11,307,000 | 11,586,000 | |
Commercial Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross | $ 58,230,000 | 54,706,000 | 48,982,000 |
Commercial Portfolio Segment [Member] | Minimum [Member] | |||
Quarterly Review Criteria, Period of Delinquency on Loans | 60 days | ||
Commercial Portfolio Segment [Member] | Syndicated Loan Facility [Member] | |||
Loans and Leases Receivable, Gross | $ 1,509,000 | 1,588,000 | |
Consumer Portfolio Segment [Member] | |||
Loans and Leases Receivable, Gross | $ 15,293,000 | $ 14,800,000 | $ 14,618,000 |
Consumer Portfolio Segment [Member] | Minimum [Member] | |||
Quarterly Review Criteria, Period of Delinquency on Loans | 90 days |
Note 3 - Loans Receivable - Sum
Note 3 - Loans Receivable - Summary of Loans Receivable (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Loans receivable | $ 509,140 | $ 467,253 | $ 444,879 | |||
Deferred loan fees, net | (1,008) | (1,092) | ||||
Allowance for loan losses | (5,225) | $ (5,075) | (4,770) | (4,260) | $ (3,940) | $ (3,550) |
Total loans, net | 502,907 | 461,391 | ||||
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | ||||||
Loans receivable | 110,906 | 113,262 | 116,207 | |||
Allowance for loan losses | (999) | (999) | (997) | (981) | (981) | (911) |
Commercial Real Estate Portfolio Segment [Member] | ||||||
Loans receivable | 246,005 | 214,927 | 200,848 | |||
Allowance for loan losses | (2,378) | (2,278) | (2,079) | (2,007) | (1,735) | (1,593) |
Real Estate Construction Portfolio Segment [Member] | ||||||
Loans receivable | 29,440 | 20,540 | 16,382 | |||
Allowance for loan losses | (252) | (252) | (244) | (244) | (244) | (184) |
Home Equity Portfolio Segment [Member] | ||||||
Loans receivable | 49,266 | 49,018 | 47,842 | |||
Allowance for loan losses | (505) | (471) | (460) | (365) | (365) | (342) |
Consumer Portfolio Segment [Member] | ||||||
Loans receivable | 15,293 | 14,800 | 14,618 | |||
Allowance for loan losses | (225) | (210) | (193) | (174) | (165) | (66) |
Commercial Portfolio Segment [Member] | ||||||
Loans receivable | 58,230 | 54,706 | 48,982 | |||
Allowance for loan losses | $ (866) | $ (865) | $ (797) | $ (489) | $ (450) | $ (454) |
Note 3 - Loans Receivable - Non
Note 3 - Loans Receivable - Nonperforming Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 |
Non-accrual loans | $ 1,611 | $ 614 | ||||
Accruing loans delinquent 90 days or more | 79 | 495 | ||||
Restructured loans, net | 43 | |||||
Total nonperforming loans | 1,690 | 1,152 | ||||
Real estate and other repossessed assets acquired in settlement of loans, net | 493 | 825 | ||||
Total nonperforming assets | $ 2,183 | $ 1,977 | ||||
Total nonperforming assets as a percentage of total assets | 0.31% | 0.29% | ||||
Allowance for loan losses | $ 5,225 | $ 5,075 | $ 4,770 | $ 4,260 | $ 3,940 | $ 3,550 |
Percent of allowance for loan losses to nonperforming loans | 309.17% | 414.06% | ||||
Percent of allowance for loan losses to nonperforming assets | 239.35% | 241.27% |
Note 3 - Loans Receivable - All
Note 3 - Loans Receivable - Allowance for Loan Losses Activity (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | |
Allowance for loan losses, ending balance, allocated to loans collectively evaluated for impairment | $ 5,187 | $ 4,235 | $ 5,187 | $ 4,235 | |
Loans receivable, total | 509,140 | 444,879 | 509,140 | 444,879 | $ 467,253 |
Loans receivable, ending balance, loans individually evaluated for impairment | 1,611 | 2,084 | 1,611 | 2,084 | |
Loans receivable, ending balance, loans collectively evaluated for impairment | 507,529 | 442,795 | 507,529 | 442,795 | |
Allowance for loan losses, beginning balance | 5,075 | 3,940 | 4,770 | 3,550 | |
Charge-offs | (189) | (148) | (198) | (211) | |
Recoveries | 37 | 9 | 50 | 12 | |
Loan loss provision | 302 | 459 | 603 | 909 | |
Allowance for loan losses, ending balance | 5,225 | 4,260 | 5,225 | 4,260 | |
Allowance for loan losses, ending balance, allocated to loans individually evaluated for impairment | 38 | 25 | 38 | 25 | |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | |||||
Allowance for loan losses, ending balance, allocated to loans collectively evaluated for impairment | 999 | 981 | 999 | 981 | |
Loans receivable, total | 110,906 | 116,207 | 110,906 | 116,207 | 113,262 |
Loans receivable, ending balance, loans individually evaluated for impairment | 500 | 1,000 | 500 | 1,000 | |
Loans receivable, ending balance, loans collectively evaluated for impairment | 110,406 | 115,207 | 110,406 | 115,207 | |
Allowance for loan losses, beginning balance | 999 | 981 | 997 | 911 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Loan loss provision | 0 | 0 | 2 | 70 | |
Allowance for loan losses, ending balance | 999 | 981 | 999 | 981 | |
Allowance for loan losses, ending balance, allocated to loans individually evaluated for impairment | 0 | 0 | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | |||||
Allowance for loan losses, ending balance, allocated to loans collectively evaluated for impairment | 2,378 | 2,007 | 2,378 | 2,007 | |
Loans receivable, total | 246,005 | 200,848 | 246,005 | 200,848 | 214,927 |
Loans receivable, ending balance, loans individually evaluated for impairment | 451 | 374 | 451 | 374 | |
Loans receivable, ending balance, loans collectively evaluated for impairment | 245,554 | 200,474 | 245,554 | 200,474 | |
Allowance for loan losses, beginning balance | 2,278 | 1,735 | 2,079 | 1,593 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Loan loss provision | 100 | 272 | 299 | 414 | |
Allowance for loan losses, ending balance | 2,378 | 2,007 | 2,378 | 2,007 | |
Allowance for loan losses, ending balance, allocated to loans individually evaluated for impairment | 0 | 0 | 0 | 0 | |
Real Estate Construction Portfolio Segment [Member] | |||||
Allowance for loan losses, ending balance, allocated to loans collectively evaluated for impairment | 252 | 244 | 252 | 244 | |
Loans receivable, total | 29,440 | 16,382 | 29,440 | 16,382 | 20,540 |
Loans receivable, ending balance, loans individually evaluated for impairment | 0 | 0 | 0 | 0 | |
Loans receivable, ending balance, loans collectively evaluated for impairment | 29,440 | 16,382 | 29,440 | 16,382 | |
Allowance for loan losses, beginning balance | 252 | 244 | 244 | 184 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Loan loss provision | 0 | 0 | 8 | 60 | |
Allowance for loan losses, ending balance | 252 | 244 | 252 | 244 | |
Allowance for loan losses, ending balance, allocated to loans individually evaluated for impairment | 0 | 0 | 0 | 0 | |
Home Equity Portfolio Segment [Member] | |||||
Allowance for loan losses, ending balance, allocated to loans collectively evaluated for impairment | 505 | 365 | 505 | 365 | |
Loans receivable, total | 49,266 | 47,842 | 49,266 | 47,842 | 49,018 |
Loans receivable, ending balance, loans individually evaluated for impairment | 305 | 332 | 305 | 332 | |
Loans receivable, ending balance, loans collectively evaluated for impairment | 48,961 | 47,510 | 48,961 | 47,510 | |
Allowance for loan losses, beginning balance | 471 | 365 | 460 | 342 | |
Charge-offs | 0 | 0 | 0 | (7) | |
Recoveries | 34 | 0 | 39 | 0 | |
Loan loss provision | 0 | 0 | 6 | 30 | |
Allowance for loan losses, ending balance | 505 | 365 | 505 | 365 | |
Allowance for loan losses, ending balance, allocated to loans individually evaluated for impairment | 0 | 0 | 0 | 0 | |
Consumer Portfolio Segment [Member] | |||||
Allowance for loan losses, ending balance, allocated to loans collectively evaluated for impairment | 187 | 149 | 187 | 149 | |
Loans receivable, total | 15,293 | 14,618 | 15,293 | 14,618 | 14,800 |
Loans receivable, ending balance, loans individually evaluated for impairment | 144 | 117 | 144 | 117 | |
Loans receivable, ending balance, loans collectively evaluated for impairment | 15,149 | 14,501 | 15,149 | 14,501 | |
Allowance for loan losses, beginning balance | 210 | 165 | 193 | 66 | |
Charge-offs | (90) | (76) | (99) | (100) | |
Recoveries | 3 | 9 | 11 | 12 | |
Loan loss provision | 102 | 76 | 120 | 196 | |
Allowance for loan losses, ending balance | 225 | 174 | 225 | 174 | |
Allowance for loan losses, ending balance, allocated to loans individually evaluated for impairment | 38 | 25 | 38 | 25 | |
Commercial Portfolio Segment [Member] | |||||
Allowance for loan losses, ending balance, allocated to loans collectively evaluated for impairment | 866 | 489 | 866 | 489 | |
Loans receivable, total | 58,230 | 48,982 | 58,230 | 48,982 | $ 54,706 |
Loans receivable, ending balance, loans individually evaluated for impairment | 211 | 261 | 211 | 261 | |
Loans receivable, ending balance, loans collectively evaluated for impairment | 58,019 | 48,721 | 58,019 | 48,721 | |
Allowance for loan losses, beginning balance | 865 | 450 | 797 | 454 | |
Charge-offs | (99) | (72) | (99) | (104) | |
Recoveries | 0 | 0 | 0 | 0 | |
Loan loss provision | 100 | 111 | 168 | 139 | |
Allowance for loan losses, ending balance | 866 | 489 | 866 | 489 | |
Allowance for loan losses, ending balance, allocated to loans individually evaluated for impairment | $ 0 | $ 0 | $ 0 | $ 0 |
Note 3 - Loans Receivable - Int
Note 3 - Loans Receivable - Internal Classification of the Loan Portfolio (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 | Jun. 30, 2016 |
Loans receivable | $ 509,140 | $ 467,253 | $ 444,879 |
Performing Financial Instruments [Member] | |||
Loans receivable | 507,450 | 466,101 | |
Restructured Loans [Member] | |||
Loans receivable | 0 | 43 | |
Nonperforming Financial Instruments [Member] | |||
Loans receivable | 1,690 | 1,109 | |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | |||
Loans receivable | 110,906 | 113,262 | 116,207 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Performing Financial Instruments [Member] | |||
Loans receivable | 110,406 | 112,585 | |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Restructured Loans [Member] | |||
Loans receivable | 0 | 0 | |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Loans receivable | 500 | 677 | |
Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 246,005 | 214,927 | 200,848 |
Commercial Real Estate Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans receivable | 245,554 | 214,923 | |
Commercial Real Estate Portfolio Segment [Member] | Restructured Loans [Member] | |||
Loans receivable | 0 | 0 | |
Commercial Real Estate Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans receivable | 451 | 4 | |
Real Estate Construction Portfolio Segment [Member] | |||
Loans receivable | 29,440 | 20,540 | 16,382 |
Real Estate Construction Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans receivable | 29,440 | 20,540 | |
Real Estate Construction Portfolio Segment [Member] | Restructured Loans [Member] | |||
Loans receivable | 0 | 0 | |
Real Estate Construction Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans receivable | 0 | 0 | |
Home Equity Portfolio Segment [Member] | |||
Loans receivable | 49,266 | 49,018 | 47,842 |
Home Equity Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans receivable | 48,961 | 48,643 | |
Home Equity Portfolio Segment [Member] | Restructured Loans [Member] | |||
Loans receivable | 0 | 43 | |
Home Equity Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans receivable | 305 | 332 | |
Consumer Portfolio Segment [Member] | |||
Loans receivable | 15,293 | 14,800 | 14,618 |
Consumer Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans receivable | 15,149 | 14,704 | |
Consumer Portfolio Segment [Member] | Restructured Loans [Member] | |||
Loans receivable | 0 | 0 | |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans receivable | 144 | 96 | |
Commercial Portfolio Segment [Member] | |||
Loans receivable | 58,230 | 54,706 | $ 48,982 |
Commercial Portfolio Segment [Member] | Performing Financial Instruments [Member] | |||
Loans receivable | 57,940 | 54,706 | |
Commercial Portfolio Segment [Member] | Restructured Loans [Member] | |||
Loans receivable | 0 | 0 | |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Loans receivable | 290 | 0 | |
Pass [Member] | |||
Loans receivable | 506,468 | 464,894 | |
Pass [Member] | Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | |||
Loans receivable | 110,132 | 112,524 | |
Pass [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 245,550 | 214,476 | |
Pass [Member] | Real Estate Construction Portfolio Segment [Member] | |||
Loans receivable | 28,984 | 20,084 | |
Pass [Member] | Home Equity Portfolio Segment [Member] | |||
Loans receivable | 48,961 | 48,643 | |
Pass [Member] | Consumer Portfolio Segment [Member] | |||
Loans receivable | 15,141 | 14,697 | |
Pass [Member] | Commercial Portfolio Segment [Member] | |||
Loans receivable | 57,700 | 54,470 | |
Special Mention [Member] | |||
Loans receivable | 456 | 456 | |
Special Mention [Member] | Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | |||
Loans receivable | 0 | 0 | |
Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Special Mention [Member] | Real Estate Construction Portfolio Segment [Member] | |||
Loans receivable | 456 | 456 | |
Special Mention [Member] | Home Equity Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Special Mention [Member] | Consumer Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Special Mention [Member] | Commercial Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Substandard [Member] | |||
Loans receivable | 2,178 | 1,895 | |
Substandard [Member] | Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | |||
Loans receivable | 774 | 738 | |
Substandard [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 455 | 451 | |
Substandard [Member] | Real Estate Construction Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Substandard [Member] | Home Equity Portfolio Segment [Member] | |||
Loans receivable | 305 | 375 | |
Substandard [Member] | Consumer Portfolio Segment [Member] | |||
Loans receivable | 114 | 95 | |
Substandard [Member] | Commercial Portfolio Segment [Member] | |||
Loans receivable | 530 | 236 | |
Doubtful [Member] | |||
Loans receivable | 0 | 0 | |
Doubtful [Member] | Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | |||
Loans receivable | 0 | 0 | |
Doubtful [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Doubtful [Member] | Real Estate Construction Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Doubtful [Member] | Home Equity Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Doubtful [Member] | Consumer Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Doubtful [Member] | Commercial Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Unlikely to be Collected Financing Receivable [Member] | |||
Loans receivable | 38 | 8 | |
Unlikely to be Collected Financing Receivable [Member] | Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | |||
Loans receivable | 0 | 0 | |
Unlikely to be Collected Financing Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Unlikely to be Collected Financing Receivable [Member] | Real Estate Construction Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Unlikely to be Collected Financing Receivable [Member] | Home Equity Portfolio Segment [Member] | |||
Loans receivable | 0 | 0 | |
Unlikely to be Collected Financing Receivable [Member] | Consumer Portfolio Segment [Member] | |||
Loans receivable | 38 | 8 | |
Unlikely to be Collected Financing Receivable [Member] | Commercial Portfolio Segment [Member] | |||
Loans receivable | $ 0 | $ 0 |
Note 3 - Loans Receivable - Del
Note 3 - Loans Receivable - Delinquencies Within the Loan Portfolio (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 | Jun. 30, 2016 |
Past due | $ 1,850 | $ 2,766 | |
Non-Accrual | 1,611 | 614 | |
Current | 505,679 | 463,873 | |
Loans receivable | 509,140 | 467,253 | $ 444,879 |
Financing Receivables, 30 to 89 Days Past Due [Member] | |||
Past due | 1,771 | 2,271 | |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 79 | 495 | |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | |||
Past due | 764 | 1,431 | |
Non-Accrual | 500 | 221 | |
Current | 109,642 | 111,610 | |
Loans receivable | 110,906 | 113,262 | 116,207 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | |||
Past due | 764 | 975 | |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 456 | ||
Commercial Real Estate Portfolio Segment [Member] | |||
Past due | 250 | 517 | |
Non-Accrual | 451 | 0 | |
Current | 245,304 | 214,410 | |
Loans receivable | 246,005 | 214,927 | 200,848 |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | |||
Past due | 250 | 513 | |
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 4 | ||
Real Estate Construction Portfolio Segment [Member] | |||
Past due | 0 | ||
Non-Accrual | 0 | 0 | |
Current | 29,440 | 20,540 | |
Loans receivable | 29,440 | 20,540 | 16,382 |
Real Estate Construction Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | |||
Past due | 0 | ||
Real Estate Construction Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 0 | 0 | |
Home Equity Portfolio Segment [Member] | |||
Past due | 320 | 400 | |
Non-Accrual | 305 | 297 | |
Current | 48,641 | 48,321 | |
Loans receivable | 49,266 | 49,018 | 47,842 |
Home Equity Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | |||
Past due | 320 | 365 | |
Home Equity Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 35 | ||
Consumer Portfolio Segment [Member] | |||
Past due | 138 | 169 | |
Non-Accrual | 144 | 96 | |
Current | 15,011 | 14,535 | |
Loans receivable | 15,293 | 14,800 | 14,618 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | |||
Past due | 138 | 169 | |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | 0 | 0 | |
Commercial Portfolio Segment [Member] | |||
Past due | 378 | 249 | |
Non-Accrual | 211 | 0 | |
Current | 57,641 | 54,457 | |
Loans receivable | 58,230 | 54,706 | $ 48,982 |
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 89 Days Past Due [Member] | |||
Past due | 299 | 249 | |
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | |||
Past due | $ 79 | $ 0 |
Note 3 - Loans Receivable - Imp
Note 3 - Loans Receivable - Impaired Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Recorded investment | $ 1,611 | $ 657 |
Unpaid principal balance | 1,781 | 754 |
Related allowance | 38 | 8 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | ||
Recorded investment | 500 | 221 |
Unpaid principal balance | 501 | 221 |
Recorded investment, with no related allowance | 500 | 221 |
Unpaid principal balance, with no related allowance | 501 | 221 |
Recorded investment, with a related allowance | ||
Unpaid principal balance, with a related allowance | ||
Related allowance | ||
Commercial Real Estate Portfolio Segment [Member] | ||
Recorded investment | 451 | |
Unpaid principal balance | 451 | |
Recorded investment, with no related allowance | 451 | |
Unpaid principal balance, with no related allowance | 451 | |
Recorded investment, with a related allowance | ||
Unpaid principal balance, with a related allowance | ||
Related allowance | ||
Real Estate Construction Portfolio Segment [Member] | ||
Recorded investment | ||
Unpaid principal balance | ||
Recorded investment, with no related allowance | ||
Unpaid principal balance, with no related allowance | ||
Recorded investment, with a related allowance | ||
Unpaid principal balance, with a related allowance | ||
Related allowance | ||
Home Equity Portfolio Segment [Member] | ||
Recorded investment | 305 | 340 |
Unpaid principal balance | 324 | 390 |
Recorded investment, with no related allowance | 305 | 340 |
Unpaid principal balance, with no related allowance | 324 | 390 |
Recorded investment, with a related allowance | ||
Unpaid principal balance, with a related allowance | ||
Related allowance | ||
Consumer Portfolio Segment [Member] | ||
Recorded investment | 144 | 96 |
Unpaid principal balance | 192 | 143 |
Recorded investment, with no related allowance | 106 | 88 |
Unpaid principal balance, with no related allowance | 154 | 135 |
Recorded investment, with a related allowance | 38 | 8 |
Unpaid principal balance, with a related allowance | 38 | 8 |
Related allowance | 38 | 8 |
Commercial Portfolio Segment [Member] | ||
Recorded investment | 211 | |
Unpaid principal balance | 313 | |
Recorded investment, with no related allowance | 211 | |
Unpaid principal balance, with no related allowance | 313 | |
Recorded investment, with a related allowance | ||
Unpaid principal balance, with a related allowance | ||
Related allowance |
Note 3 - Loans Receivable - I40
Note 3 - Loans Receivable - Impaired Loans, Average Recorded Investment (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Average recorded investment | $ 1,225 | $ 1,968 | $ 1,134 | $ 2,080 |
Residential Portfolio Segment [Member] | One-to-Four Family Loans [Member] | ||||
Average recorded investment | 360 | 834 | 360 | 865 |
Commercial Real Estate Portfolio Segment [Member] | ||||
Average recorded investment | 226 | 518 | 226 | 520 |
Real Estate Construction Portfolio Segment [Member] | ||||
Average recorded investment | ||||
Home Equity Portfolio Segment [Member] | ||||
Average recorded investment | 320 | 284 | 323 | 270 |
Consumer Portfolio Segment [Member] | ||||
Average recorded investment | 140 | 118 | 120 | 131 |
Commercial Portfolio Segment [Member] | ||||
Average recorded investment | $ 179 | $ 214 | $ 105 | $ 294 |
Note 4 - Troubled Debt Restru41
Note 4 - Troubled Debt Restructurings (Details Textual) xbrli-pure in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2017USD ($) | Jun. 30, 2016 | Jun. 30, 2017USD ($) | Jun. 30, 2016 | Dec. 31, 2016USD ($) | |
Receivables, Change in Method of Calculating Impairment, Recorded Investment | $ 42,000 | $ 42,000 | $ 43,000 | ||
Financing Receivables, Impaired, Troubled Debt Restructuring, Write-down | 34,000 | 34,000 | |||
Financing Receivable, Modifications, Subsequent Default, Recorded Investment | 0 | ||||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 0 | $ 0 | $ 0 | ||
Financing Receivable, Modifications, Number of Contracts | 0 | 0 | 0 | 0 |
Note 5 - Deposits - Summary of
Note 5 - Deposits - Summary of Deposits (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Noninterest checking | $ 91,811 | $ 82,877 |
Interest bearing checking | 95,272 | 93,163 |
Savings | 88,735 | 82,266 |
Money market | 89,220 | 89,211 |
Time certificates of deposit | 149,227 | 165,278 |
Total deposits | $ 514,265 | $ 512,795 |
Note 6 - Other Long-term Debt43
Note 6 - Other Long-term Debt (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Feb. 28, 2017 | Jun. 30, 2015 | Dec. 31, 2010 | Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | Sep. 30, 2005 | |
Subordinated Debt | $ 24,778,000 | $ 24,778,000 | $ 14,970,000 | ||||||
Debt Instrument, Face Amount | 25,155,000 | 25,155,000 | $ 15,155,000 | ||||||
Interest Expense, Long-term Debt | $ 347,000 | $ 195,000 | $ 619,000 | $ 389,000 | |||||
Eagle Bancorp Statutory Trust I [Member] | |||||||||
Subordinated Debt | $ 5,155,000 | ||||||||
Eagle Bancorp Statutory Trust I [Member] | Subordinated Debt [Member] | |||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.02% | ||||||||
Eagle Bancorp Statutory Trust I [Member] | Variable Interest Rate Subordinated Debentures Due in 2035 [Member] | |||||||||
Debt Instrument, Interest Rate, Effective Percentage | 2.719% | 2.719% | 2.418% | ||||||
Eagle Bancorp Statutory Trust I [Member] | Variable Interest Rate Subordinated Debentures Due in 2035 [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.42% | ||||||||
First Tennessee Bank, N.A. [Member] | |||||||||
Temporary Equity, Liquidation Preference | $ 5,155,000 | ||||||||
Trust Preferred Securities, Maximum Dividend Deferring Period | 5 years | ||||||||
5.75% Senior Unsecured Notes Due February 15, 2022 [Member] | |||||||||
Debt Instrument, Maturity Year | 2,022 | 2,022 | |||||||
Debt Instrument, Face Amount | $ 10,000,000 | $ 10,000,000 | $ 10,000,000 | ||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.75% | 5.75% | 5.75% | ||||||
6.75% Subordinated Notes Due in 2025 [Member] | |||||||||
Debt Instrument, Maturity Year | 2,025 | 2,025 | 2,025 | ||||||
Debt Instrument, Face Amount | $ 10,000,000 | $ 10,000,000 | $ 10,000,000 | $ 10,000,000 | |||||
Debt Instrument, Interest Rate, Stated Percentage | 6.75% | 6.75% | 6.75% | 6.75% |
Note 6 - Other Long-term Debt -
Note 6 - Other Long-term Debt - Summary of Other Long-term Debt (Details) - USD ($) | Jun. 30, 2017 | Feb. 28, 2017 | Dec. 31, 2016 | Jun. 30, 2015 |
Unamortized debt issuance costs | $ (377,000) | $ (185,000) | ||
Principal amount | 25,155,000 | 15,155,000 | ||
5.75% Senior Unsecured Notes Due February 15, 2022 [Member] | ||||
Unamortized debt issuance costs | (202,000) | |||
Principal amount | 10,000,000 | $ 10,000,000 | ||
6.75% Subordinated Notes Due in 2025 [Member] | ||||
Unamortized debt issuance costs | (175,000) | (185,000) | ||
Principal amount | 10,000,000 | 10,000,000 | $ 10,000,000 | |
Variable Interest Rate Subordinated Debentures Due in 2035 [Member] | ||||
Unamortized debt issuance costs | ||||
Principal amount | $ 5,155,000 | $ 5,155,000 |
Note 6 - Other Long-term Debt45
Note 6 - Other Long-term Debt - Summary of Other Long-term Debt (Details) (Parentheticals) | 1 Months Ended | 6 Months Ended | 12 Months Ended | |
Feb. 28, 2017 | Jun. 30, 2015 | Jun. 30, 2017 | Dec. 31, 2016 | |
5.75% Senior Unsecured Notes Due February 15, 2022 [Member] | ||||
Debt instrument, fixed interest rate | 5.75% | 5.75% | ||
Debt instrument, maturity year | 2,022 | 2,022 | ||
6.75% Subordinated Notes Due in 2025 [Member] | ||||
Debt instrument, fixed interest rate | 6.75% | 6.75% | 6.75% | |
Debt instrument, maturity year | 2,025 | 2,025 | 2,025 | |
Variable Interest Rate Subordinated Debentures Due in 2035 [Member] | ||||
Debt instrument, interest rate above LIBOR rate | 1.42% | 1.42% | ||
Debt instrument, maturity year | 2,035 | 2,035 |
Note 7 - Earnings Per Share (De
Note 7 - Earnings Per Share (Details Textual) - shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | |
Weighted Average Number of Shares Outstanding, Diluted | 3,869,885 | 3,873,171 | 3,872,765 | 3,873,171 |
Weighted Average Number of Shares Outstanding, Basic | 3,811,409 | 3,779,464 | 3,811,409 | 3,779,464 |
Note 8 - Dividends and Stock 47
Note 8 - Dividends and Stock Repurchase Program (Details Textual) - $ / shares | Jul. 20, 2017 | Apr. 20, 2017 | Mar. 03, 2017 | Jan. 26, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 | Dec. 31, 2016 | Jul. 21, 2016 | Jul. 23, 2015 |
Common Stock, Dividends, Per Share, Declared | $ 0.08 | ||||||||||||||
Common Stock, Dividends, Per Share, Cash Paid | $ 0.08 | $ 0.08 | $ 0.08 | $ 0.08 | $ 0.0775 | $ 0.0775 | |||||||||
Dividends Payable, Date to be Paid | Jun. 2, 2017 | ||||||||||||||
Dividends Payable, Date of Record | May 12, 2017 | ||||||||||||||
Common Stock Repurchase Plan Announced on July 21, 2016 [Member] | |||||||||||||||
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | 100,000 | ||||||||||||||
Treasury Stock, Shares, Acquired | 0 | 0 | 0 | ||||||||||||
Common Stock Repurchase Plan Announced on July 23, 2015 [Member] | |||||||||||||||
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | 100,000 | ||||||||||||||
Treasury Stock, Shares, Acquired | 15,000 | 46,065 | |||||||||||||
Treasury Stock Acquired, Average Cost Per Share | $ 11.75 | $ 11.47 | |||||||||||||
Subsequent Event [Member] | |||||||||||||||
Common Stock, Dividends, Per Share, Declared | $ 0.09 | ||||||||||||||
Dividends Payable, Date to be Paid | Sep. 1, 2017 | ||||||||||||||
Dividends Payable, Date of Record | Aug. 11, 2017 | ||||||||||||||
Subsequent Event [Member] | Common Stock Repurchase Plan Announced on July 20, 2017 [Member] | |||||||||||||||
Stock Repurchase Program, Number of Shares Authorized to be Repurchased | 100,000 |
Note 9 - Accumulated Other Co48
Note 9 - Accumulated Other Comprehensive Income (Loss) - Activity in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Jun. 30, 2017 | Mar. 31, 2017 | Jun. 30, 2016 | Mar. 31, 2016 | |
Balance | $ 62,122 | $ 59,004 | ||
Balance | $ 59,456 | $ 55,450 | ||
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | ||||
Income tax benefit (expense) | (128) | 88 | (91) | |
Total other comprehensive (loss) income | 188 | (129) | 132 | 1 |
Balance | 389 | 201 | 509 | 377 |
Balance | 201 | 330 | 377 | 376 |
Other comprehensive income (loss), before reclassifications and income taxes | 657 | 341 | 859 | 636 |
Amounts reclassified from accumulated other comprehensive income (loss), before income taxes | (341) | (558) | (636) | (635) |
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member] | ||||
Income tax benefit (expense) | (730) | (113) | (914) | (460) |
Total other comprehensive (loss) income | 1,059 | 166 | 1,329 | 667 |
Balance | 484 | (575) | 1,872 | 543 |
Balance | (575) | (741) | 543 | (124) |
Other comprehensive income (loss), before reclassifications and income taxes | 1,775 | 279 | 2,327 | 1,127 |
Amounts reclassified from accumulated other comprehensive income (loss), before income taxes | 14 | (84) | ||
AOCI Attributable to Parent [Member] | ||||
Income tax benefit (expense) | (858) | (25) | (1,005) | (460) |
Total other comprehensive (loss) income | 1,247 | 37 | 1,461 | 668 |
Balance | 873 | (374) | 2,381 | 920 |
Balance | (374) | (411) | 920 | 252 |
Other comprehensive income (loss), before reclassifications and income taxes | 2,432 | 620 | 3,186 | 1,763 |
Amounts reclassified from accumulated other comprehensive income (loss), before income taxes | $ (327) | $ (558) | $ (720) | $ (635) |
Note 10 - Derivatives and Hed49
Note 10 - Derivatives and Hedging Activities (Details Textual) - USD ($) | Jun. 30, 2017 | Dec. 31, 2016 |
Notional Amount of Interest Rate Lock Commitments | $ 35,341,000 | $ 19,738,000 |
Note 11 - Fair Value Disclosu50
Note 11 - Fair Value Disclosures (Details Textual) - USD ($) | 6 Months Ended | |||||
Jun. 30, 2017 | Mar. 31, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | |
Loans and Leases Receivable, Allowance | $ 5,225,000 | $ 5,075,000 | $ 4,770,000 | $ 4,260,000 | $ 3,940,000 | $ 3,550,000 |
Loans and Leases Receivable, Gross | 509,140,000 | 467,253,000 | $ 444,879,000 | |||
Impaired Loans [Member] | ||||||
Loans and Leases Receivable, Allowance | 38,000 | 8,000 | ||||
Loans Receivable, Fair Value Disclosure | 1,573,000 | 649,000 | ||||
Loans and Leases Receivable, Gross | $ 1,611,000 | $ 657,000 | ||||
Mortgage Servicing Rights [Member] | Minimum [Member] | ||||||
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Discount Rate | 13.00% | |||||
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Prepayment Speed | 104.00% | |||||
Mortgage Servicing Rights [Member] | Maximum [Member] | ||||||
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Discount Rate | 15.00% | |||||
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Prepayment Speed | 277.00% |
Note 11 - Fair Value Disclosu51
Note 11 - Fair Value Disclosures - Financial Assets and Financial Liabilities Measured at Fair Value on a Recurring Basis (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Loans held-for-sale | $ 16,206 | $ 18,230 |
Fair Value, Inputs, Level 1 [Member] | ||
Loans held-for-sale | ||
Fair Value, Inputs, Level 2 [Member] | ||
Loans held-for-sale | 16,206 | 18,230 |
Fair Value, Inputs, Level 3 [Member] | ||
Loans held-for-sale | ||
US Government Agencies Debt Securities [Member] | ||
Securities available-for-sale | 4,246 | 5,608 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | ||
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 4,246 | 5,608 |
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
US States and Political Subdivisions Debt Securities [Member] | ||
Securities available-for-sale | 65,924 | 67,664 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | ||
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 65,924 | 67,664 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
Corporate Debt Securities [Member] | ||
Securities available-for-sale | 9,606 | 9,307 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | ||
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 9,606 | 9,307 |
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
Mortgage-backed Securities, Government Backed [Member] | ||
Securities available-for-sale | 27,717 | 29,512 |
Mortgage-backed Securities, Government Backed [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | ||
Mortgage-backed Securities, Government Backed [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 27,717 | 29,512 |
Mortgage-backed Securities, Government Backed [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale | ||
Collateralized Mortgage Obligations, Government Backed [Member] | ||
Securities available-for-sale | 15,698 | 16,345 |
Collateralized Mortgage Obligations, Government Backed [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Securities available-for-sale | ||
Collateralized Mortgage Obligations, Government Backed [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Securities available-for-sale | 15,698 | 16,345 |
Collateralized Mortgage Obligations, Government Backed [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Securities available-for-sale |
Note 11 - Fair Value Disclosu52
Note 11 - Fair Value Disclosures - Financial Assets and Financial Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Impaired loans, fair value | $ 1,573 | $ 649 |
Repossessed assets, fair value | 493 | 825 |
Fair Value, Inputs, Level 1 [Member] | ||
Impaired loans, fair value | ||
Repossessed assets, fair value | ||
Fair Value, Inputs, Level 2 [Member] | ||
Impaired loans, fair value | ||
Repossessed assets, fair value | ||
Fair Value, Inputs, Level 3 [Member] | ||
Impaired loans, fair value | 1,573 | 649 |
Repossessed assets, fair value | $ 493 | $ 825 |
Note 11 - Fair Value Disclosu53
Note 11 - Fair Value Disclosures - Financial Assets and Liabilities, Valuation Techniques and Significant Unobservable Inputs (Details) - USD ($) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2017 | Dec. 31, 2016 | ||
Impaired Loans [Member] | |||
Fair value | $ 1,573 | $ 649 | |
Principal valuation technique | [1] | Appraisal of collateral(1) | |
Significant unobservable inputs | Appraisaladjustments | ||
Impaired Loans [Member] | Minimum [Member] | |||
Range of significant input values | 10.00% | ||
Impaired Loans [Member] | Maximum [Member] | |||
Range of significant input values | 30.00% | ||
Repossessed Assets [Member] | |||
Fair value | $ 493 | $ 825 | |
Principal valuation technique | [1],[2] | Appraisal of collateral(1)(3) | |
Significant unobservable inputs | [3] | Liquidation expenses(2) | |
Repossessed Assets [Member] | Minimum [Member] | |||
Range of significant input values | 10.00% | ||
Repossessed Assets [Member] | Maximum [Member] | |||
Range of significant input values | 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. |
Note 11 - Fair Value Disclosu54
Note 11 - Fair Value Disclosures - Estimated Fair Value and Carrying Amounts of Financial Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016 |
Estimate of Fair Value Measurement [Member] | ||
Financial assets: | ||
Mortgage servicing rights | $ 6,618 | $ 6,741 |
Cash surrender value of life insurance | 14,289 | 14,095 |
Cash and cash equivalents | 9,041 | 7,318 |
Federal Home Loan Bank stock | 4,841 | 4,012 |
Federal Reserve Bank stock | 871 | 871 |
Loans Receivable, Fair Value Disclosure | 504,693 | 464,797 |
Accrued interest and dividends receivable | 2,174 | 2,123 |
Financial liabilities: | ||
Federal Home Loan Bank advances and other borrowings | 104,192 | 82,462 |
Other long-term debt | 24,481 | 14,291 |
Non-maturing interest bearing deposits | 273,227 | 264,640 |
Noninterest bearing deposits | 91,811 | 82,877 |
Time certificates of deposit | 148,764 | 165,129 |
Accrued expenses and other liabilities | 4,867 | 4,291 |
Estimate of Fair Value Measurement [Member] | Forward Contracts [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Commitments to Extend Credit [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Interest Rate Lock Commitments [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Reported Value Measurement [Member] | ||
Financial assets: | ||
Mortgage servicing rights | 6,127 | 5,853 |
Cash surrender value of life insurance | 14,289 | 14,095 |
Cash and cash equivalents | 9,041 | 7,318 |
Federal Home Loan Bank stock | 4,841 | 4,012 |
Federal Reserve Bank stock | 871 | 871 |
Loans Receivable, Fair Value Disclosure | 501,334 | 460,742 |
Accrued interest and dividends receivable | 2,174 | 2,123 |
Financial liabilities: | ||
Federal Home Loan Bank advances and other borrowings | 104,182 | 82,413 |
Other long-term debt | 24,778 | 15,155 |
Non-maturing interest bearing deposits | 273,227 | 264,640 |
Noninterest bearing deposits | 91,811 | 82,877 |
Time certificates of deposit | 149,227 | 165,278 |
Accrued expenses and other liabilities | 4,867 | 4,291 |
Reported Value Measurement [Member] | Forward Contracts [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Reported Value Measurement [Member] | Commitments to Extend Credit [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Reported Value Measurement [Member] | Interest Rate Lock Commitments [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial assets: | ||
Mortgage servicing rights | 0 | 0 |
Cash surrender value of life insurance | 14,289 | 14,095 |
Cash and cash equivalents | 9,041 | 7,318 |
Federal Home Loan Bank stock | 4,841 | 4,012 |
Federal Reserve Bank stock | 871 | 871 |
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Accrued interest and dividends receivable | 2,174 | 2,123 |
Financial liabilities: | ||
Federal Home Loan Bank advances and other borrowings | 0 | 0 |
Other long-term debt | 0 | 0 |
Non-maturing interest bearing deposits | 0 | 0 |
Noninterest bearing deposits | 91,811 | 82,877 |
Time certificates of deposit | 0 | 0 |
Accrued expenses and other liabilities | 4,867 | 4,291 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Forward Contracts [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Commitments to Extend Credit [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member] | Interest Rate Lock Commitments [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial assets: | ||
Mortgage servicing rights | 0 | 0 |
Cash surrender value of life insurance | 0 | 0 |
Cash and cash equivalents | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Federal Reserve Bank stock | 0 | 0 |
Loans Receivable, Fair Value Disclosure | 0 | 0 |
Accrued interest and dividends receivable | 0 | 0 |
Financial liabilities: | ||
Federal Home Loan Bank advances and other borrowings | 0 | 0 |
Other long-term debt | 0 | 0 |
Non-maturing interest bearing deposits | 273,227 | 264,640 |
Noninterest bearing deposits | 0 | 0 |
Time certificates of deposit | 0 | 0 |
Accrued expenses and other liabilities | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Forward Contracts [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Commitments to Extend Credit [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member] | Interest Rate Lock Commitments [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | ||
Financial assets: | ||
Mortgage servicing rights | 6,618 | 6,741 |
Cash surrender value of life insurance | 0 | 0 |
Cash and cash equivalents | 0 | 0 |
Federal Home Loan Bank stock | 0 | 0 |
Federal Reserve Bank stock | 0 | 0 |
Loans Receivable, Fair Value Disclosure | 504,693 | 464,797 |
Accrued interest and dividends receivable | 0 | 0 |
Financial liabilities: | ||
Federal Home Loan Bank advances and other borrowings | 104,192 | 82,462 |
Other long-term debt | 24,481 | 14,291 |
Non-maturing interest bearing deposits | 0 | 0 |
Noninterest bearing deposits | 0 | 0 |
Time certificates of deposit | 148,764 | 165,129 |
Accrued expenses and other liabilities | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Forward Contracts [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Commitments to Extend Credit [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | 0 | 0 |
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member] | Interest Rate Lock Commitments [Member] | ||
Off-balance-sheet instruments | ||
Off-balance sheet instruments | $ 0 | $ 0 |