Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | NOTE 3 . LOANS RECEIVABLE Loans receivable consist ed of the following: September 30, December 31, 2017 2016 (In Thousands) First mortgage loans: Residential mortgage (1-4 family) $ 109,250 $ 113,262 Commercial real estate 247,501 214,927 Real estate construction 29,760 20,540 Other loans: Home equity 51,450 49,018 Consumer 14,696 14,800 Commercial 58,554 54,706 Total 511,211 467,253 Deferred loan fees, net (1,027 ) (1,092 ) Allowance for loan losses (5,500 ) (4,770 ) Total loans, net $ 504,684 $ 461,391 Within the commercial real estate loan category above, $ 11,174,000 $11,586,000 September 30, 2017 December 31, 2016, $527,000 $1,588,000 September 30, 2017, December 31, 2016, The following table includes information regarding nonperforming assets. September 30, December 31, 2017 2016 (Dollars in Thousands) Non-accrual loans $ 1,396 $ 614 Accruing loans delinquent 90 days or more - 495 Restructured loans, net - 43 Total nonperforming loans 1,396 1,152 Real estate owned and other repossessed assets, net 527 825 Total nonperforming assets $ 1,923 $ 1,977 Total nonperforming assets as a percentage of total assets 0.27 % 0.29 % Allowance for loan losses $ 5,500 $ 4,770 Percent of allowance for loan losses to nonperforming loans 393.98 % 414.06 % Percent of allowance for loan losses to nonperforming assets 286.01 % 241.27 % A llowance 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, July 1, 2017 $ 999 $ 2,378 $ 252 $ 505 $ 225 $ 866 $ 5,225 Charge-offs - - - - (41 ) (19 ) (60 ) Recoveries - - - - 3 1 4 Provision - 200 50 - 31 50 331 Ending balance, September 30, 2017 $ 999 $ 2,578 $ 302 $ 505 $ 218 $ 898 $ 5,500 Allowance for loan losses: Beginning balance, January 1, 2017 $ 997 $ 2,079 $ 244 $ 460 $ 193 $ 797 $ 4,770 Charge-offs - - - - (140 ) (118 ) (258 ) Recoveries - - - 39 14 1 54 Provision 2 499 58 6 151 218 934 Ending balance, September 30, 2017 $ 999 $ 2,578 $ 302 $ 505 $ 218 $ 898 $ 5,500 Ending balance, September 30, 2017 allocated to loans individually evaluated for impairment $ - $ - $ - $ - $ 32 $ - $ 32 Ending balance, September 30, 2017 allocated to loans collectively evaluated for impairment $ 999 $ 2,578 $ 302 $ 505 $ 186 $ 898 $ 5,468 Loans receivable: Ending balance, September 30, 2017 $ 109,250 $ 247,501 $ 29,760 $ 51,450 $ 14,696 $ 58,554 $ 511,211 Ending balance, September 30, 2017 of loans individually evaluated for impairment $ 484 $ 451 $ - $ 242 $ 131 $ 88 $ 1,396 Ending balance, September 30, 2017 of loans $ 108,766 $ 247,050 $ 29,760 $ 51,208 $ 14,565 $ 58,466 $ 509,815 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Allowance for loan losses: Beginning balance, July 1, 2016 $ 981 $ 2,007 $ 244 $ 365 $ 174 $ 489 $ 4,260 Charge-offs (4 ) - - - (79 ) - (83 ) Recoveries - - - - 1 - 1 Provision - 170 - 28 74 200 472 Ending balance, September 30, 2016 $ 977 $ 2,177 $ 244 $ 393 $ 170 $ 689 $ 4,650 Allowance for loan losses: Beginning balance, January 1, 2016 $ 911 $ 1,593 $ 184 $ 342 $ 66 $ 454 $ 3,550 Charge-offs (4 ) - - (7 ) (179 ) (104 ) (294 ) Recoveries - - - - 13 - 13 Provision 70 584 60 58 270 339 1,381 Ending balance, September 30, 2016 $ 977 $ 2,177 $ 244 $ 393 $ 170 $ 689 $ 4,650 Ending balance, September 30, 2016 allocated to loans individually evaluated for impairment $ - $ - $ - $ - $ 14 $ 15 $ 29 Ending balance, September 30, 2016 allocated to loans collectively evaluated for impairment $ 977 $ 2,177 $ 244 $ 393 $ 156 $ 674 $ 4,621 Loans receivable: Ending balance, September 30, 2016 $ 113,287 $ 205,819 $ 20,649 $ 47,694 $ 14,867 $ 60,102 $ 462,418 Ending balance, September 30, 2016 of loans individually evaluated for impairment $ 423 $ 374 $ - $ 339 $ 68 $ 261 $ 1,465 Ending balance, September 30, 2016 of loans $ 112,864 $ 205,445 $ 20,649 $ 47,355 $ 14,799 $ 59,841 $ 460,953 The Company utilizes a n 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 I nternal classification of the loan portfolio was as follows: September 30, 2017 Residential Mortgage Commercial Real Estate Home (1-4 Family) Real Estate Construction Equity Consumer Commercial Total (In Thousands) Grade: Pass $ 108,494 $ 246,989 $ 29,304 $ 51,208 $ 14,557 $ 58,375 $ 508,927 Special mention - - 456 - - - 456 Substandard 756 512 - 242 107 179 1,796 Doubtful - - - - - - - Loss - - - - 32 - 32 Total $ 109,250 $ 247,501 $ 29,760 $ 51,450 $ 14,696 $ 58,554 $ 511,211 Credit risk profile based on payment activity Performing $ 108,766 $ 247,050 $ 29,760 $ 51,208 $ 14,565 $ 58,466 $ 509,815 Restructured loans - - - - - - - Nonperforming 484 451 - 242 131 88 1,396 Total $ 109,250 $ 247,501 $ 29,760 $ 51,450 $ 14,696 $ 58,554 $ 511,211 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 table s include information regarding delinquencies within the loan portfolio. September 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) $ 1,362 $ - $ 1,362 $ 484 $ 107,404 $ 109,250 Commercial real estate 500 - 500 451 246,550 247,501 Real estate construction 296 - 296 - 29,464 29,760 Home equity 83 - 83 242 51,125 51,450 Consumer 161 - 161 131 14,404 14,696 Commercial 177 - 177 88 58,289 58,554 Total $ 2,579 $ - $ 2,579 $ 1,396 $ 507,236 $ 511,211 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. September 30, 2017 Unpaid Recorded Principal Related Investment Balance Allowance (In Thousands) With no related allowance: Residential mortgage (1-4 family) $ 484 $ 492 $ - Commercial real estate 451 451 - Real estate construction - - - Home equity 242 261 - Consumer 99 148 - Commercial 88 89 - With a related allowance: Residential mortgage (1-4 family) - - - Commercial real estate - - - Real estate construction - - - Home equity - - - Consumer 32 32 32 Commercial - - - Total: Residential mortgage (1-4 family) 484 492 - Commercial real estate 451 451 - Real estate construction - - - Home equity 242 261 - Consumer 131 180 32 Commercial 88 89 - Total $ 1,396 $ 1,473 $ 32 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 - - - Real estate construction - - - Home equity 340 390 - Consumer 88 135 - Commercial - - - With a related allowance: Residential mortgage (1-4 family) - - - Commercial real estate - - - Real estate construction - - - Home equity - - - Consumer 8 8 8 Commercial - - - Total: Residential mortgage (1-4 family) 221 221 - Commercial real estate - - - Real estate construction - - - Home equity 340 390 - Consumer 96 143 8 Commercial - - - Total $ 657 $ 754 $ 8 Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 Average Recorded Investment (In Thousands) Residential mortgage (1-4 family) $ 492 $ 711 $ 352 $ 576 Commercial real estate 451 374 226 521 Construction - - - - Home equity 274 336 291 273 Consumer 137 93 114 107 Commercial 150 261 44 294 Total $ 1,504 $ 1,775 $ 1,027 $ 1,771 Interest income recognized on impaired loans for the three nine September 30, 2017 2016 |