Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Aug. 10, 2015 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q2 | |
Trading Symbol | PRIME | |
Entity Registrant Name | Prime Meridian Holding Co | |
Entity Central Index Key | 1,586,454 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Common Stock, Shares Outstanding | 1,945,472 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Assets | ||
Cash and due from banks | $ 3,903 | $ 3,757 |
Federal funds sold | 3,589 | 3,611 |
Interest-bearing deposits | 173 | 187 |
Total cash and cash equivalents | 7,665 | 7,555 |
Securities available for sale | 40,910 | 42,397 |
Loans held for sale | 2,160 | 1,871 |
Loans, net of allowance for loan losses of $2,307 and $2,098 | 171,575 | 151,869 |
Federal Home Loan Bank stock | 402 | 186 |
Premises and equipment, net | 3,627 | 3,563 |
Deferred tax asset | 400 | 362 |
Accrued interest receivable | 636 | 624 |
Bank-owned life insurance | 1,638 | 1,613 |
Other assets | 277 | 318 |
Total assets | 229,290 | 210,358 |
Liabilities: | ||
Noninterest-bearing demand deposits | 47,365 | 43,148 |
Savings, NOW and money-market deposits | 130,112 | 122,166 |
Time deposits | 21,776 | 18,657 |
Total deposits | 199,253 | 183,971 |
Federal Home Loan Bank advance | 5,000 | 0 |
Other borrowings | 0 | 2,699 |
Official checks | 883 | 368 |
Other liabilities | 445 | 453 |
Total liabilities | 205,581 | 187,491 |
Stockholders' equity: | ||
Preferred stock, undesignated; 1,000,000 shares authorized, none issued or outstanding | 0 | 0 |
Common stock, $.01 par value; 9,000,000 shares authorized, 1,944,691 and 1,941,617 issued and outstanding | 19 | 19 |
Additional paid-in capital | 20,091 | 20,056 |
Retained earnings | 3,563 | 2,738 |
Accumulated other comprehensive income | 36 | 54 |
Total stockholders' equity | 23,709 | 22,867 |
Total liabilities and stockholders' equity | $ 229,290 | $ 210,358 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Statement of Financial Position [Abstract] | ||
Loans receivable, allowance for loan losses | $ 2,307 | $ 2,098 |
Preferred stock, shares authorized | 1,000,000 | 1,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 9,000,000 | 9,000,000 |
Common stock, shares issued | 1,944,691 | 1,941,617 |
Common stock, shares outstanding | 1,944,691 | 1,941,617 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Interest income: | ||||
Loans | $ 2,033 | $ 1,693 | $ 3,980 | $ 3,335 |
Securities | 243 | 228 | 465 | 448 |
Other | 8 | 19 | 21 | 44 |
Total interest income | 2,284 | 1,940 | 4,466 | 3,827 |
Interest expense: | ||||
Deposits | 166 | 156 | 328 | 314 |
Other borrowings | 8 | 8 | 14 | 22 |
Total interest expense | 174 | 164 | 342 | 336 |
Net interest income | 2,110 | 1,776 | 4,124 | 3,491 |
Provision for loan losses | 191 | 562 | 209 | 591 |
Net interest income after provision for loan losses | 1,919 | 1,214 | 3,915 | 2,900 |
Noninterest income: | ||||
Service charges and fees on deposit accounts | 39 | 34 | 73 | 75 |
Mortgage banking revenue | 150 | 82 | 211 | 128 |
Income from bank-owned life insurance | 13 | 10 | 25 | 26 |
Gain on sale of securities available for sale | 0 | 0 | 42 | 0 |
Other income | 45 | 46 | 85 | 75 |
Total noninterest income | 247 | 172 | 436 | 304 |
Noninterest expenses: | ||||
Salaries and employee benefits | 804 | 813 | 1,612 | 1,625 |
Occupancy and equipment | 279 | 218 | 562 | 421 |
Professional fees | 161 | 175 | 237 | 261 |
Marketing | 96 | 78 | 209 | 95 |
FDIC Assessment | 29 | 33 | 55 | 60 |
Other | 215 | 236 | 401 | 522 |
Total noninterest expenses | 1,584 | 1,553 | 3,076 | 2,984 |
Earnings (loss) before income taxes | 582 | (167) | 1,275 | 220 |
Income taxes (benefit) | 206 | (76) | 450 | 55 |
Net earnings (loss) | $ 376 | $ (91) | $ 825 | $ 165 |
Basic earnings (loss) per share | $ 0.19 | $ (0.05) | $ 0.42 | $ 0.10 |
Diluted earnings (loss) per share | 0.19 | (0.05) | 0.42 | 0.10 |
Cash dividends per common share | $ 0 | $ 0 | $ 0 | $ 0 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Statement of Comprehensive Income [Abstract] | ||||
Net earnings (loss) | $ 376 | $ (91) | $ 825 | $ 165 |
Change in unrealized gain on securities: | ||||
Unrealized (loss) gain arising during the period | (376) | 397 | 12 | 641 |
Reclassification adjustment for realized gains | 0 | 0 | (42) | 0 |
Net change in unrealized (loss) gain | (376) | 397 | (30) | 641 |
Deferred income taxes on above change | (139) | 147 | 12 | 238 |
Total other comprehensive (loss) income | (237) | 250 | (18) | 403 |
Comprehensive income | $ 139 | $ 159 | $ 807 | $ 568 |
Condensed Consolidated Stateme6
Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Total | Common Stock [Member] | Additional Paid-In Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive (Loss) Income [Member] |
Beginning Balance, Value at Dec. 31, 2013 | $ 16,361 | $ 15 | $ 14,929 | $ 1,732 | $ (315) |
Beginning Balance, Shares at Dec. 31, 2013 | 1,498,937 | ||||
Net earnings (unaudited) | 165 | $ 0 | 0 | 165 | 0 |
Net change in unrealized gain (loss) on securities available for sale, net of income taxes (unaudited) | 403 | 0 | 0 | 0 | 403 |
Common stock issued as compensation to directors (unaudited), Value | 13 | $ 0 | 13 | 0 | 0 |
Common stock issued as compensation to directors (unaudited), Shares | 1,142 | ||||
Sale of common stock (unaudited), Value | 3,284 | $ 3 | 3,281 | 0 | 0 |
Sale of common stock (unaudited), Shares | 285,432 | ||||
Stock-based compensation (unaudited) | 0 | $ 0 | 0 | 0 | 0 |
Ending Balance (unaudited), Value at Jun. 30, 2014 | 20,226 | $ 18 | 18,223 | 1,897 | 88 |
Ending Balance (unaudited), Shares at Jun. 30, 2014 | 1,785,511 | ||||
Beginning Balance, Value at Dec. 31, 2014 | $ 22,867 | $ 19 | 20,056 | 2,738 | 54 |
Beginning Balance, Shares at Dec. 31, 2014 | 1,941,617 | 1,941,617 | |||
Net earnings (unaudited) | $ 825 | $ 0 | 0 | 825 | 0 |
Net change in unrealized gain (loss) on securities available for sale, net of income taxes (unaudited) | (18) | 0 | 0 | 0 | (18) |
Stock options exercised (unaudited), Value | $ 14 | $ 0 | 14 | 0 | 0 |
Stock options exercised (unaudited), Shares | 1,400 | 1,400 | |||
Common stock issued as compensation to directors (unaudited), Value | $ 20 | $ 0 | 20 | 0 | 0 |
Common stock issued as compensation to directors (unaudited), Shares | 1,674 | ||||
Stock-based compensation (unaudited) | 1 | $ 0 | 1 | 0 | 0 |
Ending Balance (unaudited), Value at Jun. 30, 2015 | $ 23,709 | $ 19 | $ 20,091 | $ 3,563 | $ 36 |
Ending Balance (unaudited), Shares at Jun. 30, 2015 | 1,944,691 | 1,944,691 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Cash flows from operating activities: | ||
Net earnings | $ 825 | $ 165 |
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: | ||
Depreciation and amortization | 212 | 194 |
Provision for loan losses | 209 | 591 |
Net amortization of deferred loan fees | (247) | (20) |
Deferred income taxes | (26) | (83) |
Gain on sale of securities available for sale | (42) | 0 |
Amortization of premiums and discounts on securities available for sale | 215 | 231 |
Gain on sale of loans held for sale | (202) | (110) |
Proceeds from the sale of loans held for sale | 12,594 | 1,962 |
Loans originated as held for sale | (12,681) | (3,704) |
Stock issued as compensation | 20 | 13 |
Stock-based compensation expense | 1 | 0 |
Income from bank-owned life insurance | (25) | (26) |
Net increase in accrued interest receivable | (12) | (54) |
Net decrease in other assets and capitalized offering costs | 41 | 45 |
Net increase in other liabilities and official checks | 507 | 442 |
Net cash provided by (used in) operating activities | 1,389 | (354) |
Cash flows from investing activities: | ||
Loan originations, net of principal repayments | (19,668) | (10,888) |
Purchase of securities available for sale | (4,951) | (3,720) |
Principal repayments of securities available for sale | 4,178 | 4,102 |
Proceeds from sale of securities available for sale | 2,057 | 0 |
Maturities and calls of securities available for sale | 0 | 1,000 |
(Purchase) redemption of Federal Home Loan Bank stock | (216) | 18 |
Purchase of premises and equipment | (276) | (115) |
Net cash used in investing activities | (18,876) | (9,603) |
Cash flows from financing activities: | ||
Net increase in deposits | 15,282 | (1,525) |
Decrease in other borrowings | (2,699) | (2,978) |
Increase in Federal Home Loan Bank advances | 5,000 | 0 |
Proceeds from stock options exercised | 14 | 0 |
Net proceeds from sale of common stock | 0 | 3,284 |
Net cash provided by (used in) financing activities | 17,597 | (1,219) |
Net increase (decrease) in cash and cash equivalents | 110 | (11,176) |
Cash and cash equivalents at beginning of period | 7,555 | 34,166 |
Cash and cash equivalents at end of period | 7,665 | 22,990 |
Supplemental disclosure of cash flow information Cash paid during the period for: | ||
Interest | 339 | 336 |
Income taxes | 525 | 235 |
Noncash transactions: | ||
Accumulated other comprehensive income, net change in unrealized gain on sale of securities available for sale, net of taxes | $ (18) | $ 403 |
General
General | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
General | (1) General Prime Meridian Holding Company (the “Holding Company”) owns 100% of the outstanding common stock of Prime Meridian Bank (the “Bank”) (collectively the “Company”). The Holding Company’s primary activity is the operation of the Bank. The Bank is a state (Florida)-chartered commercial bank. The deposit accounts of the Bank are insured up to the applicable limits by the Federal Deposit Insurance Corporation (“FDIC”). The Bank offers a variety of community banking services to individual and corporate clients through its two banking offices located in Tallahassee, Florida. In the opinion of management, the accompanying condensed consolidated financial statements of the Company contain all adjustments (consisting principally of normal recurring accruals) necessary to present fairly the financial position at June 30, 2015, and the results of operations for the three and six month periods ended June 30, 2015 and 2014. The results of operations for the three months ended June 30, 2015 and the six months ended June 30, 2015, respectively, are not necessarily indicative of the results to be expected for the full year. Comprehensive Income. Share-Based Compensation. Mortgage Banking Revenue. |
Securities Available for Sale
Securities Available for Sale | 6 Months Ended |
Jun. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Securities Available for Sale | (2) Securities Available for Sale Securities are classified according to management’s intent. The carrying amount of securities and fair values are as follows (in thousands): Amortized Gross Gross Fair At June 30, 2015: U.S. Government agency securities $ 8,637 30 (35 ) 8,632 Municipal securities 8,392 54 (74 ) 8,372 Mortgage-backed securities 23,824 175 (93 ) 23,906 Total $ 40,853 259 (202 ) 40,910 At December 31, 2014: U.S. Government agency securities 6,943 19 (99 ) 6,863 Municipal securities 9,497 113 (79 ) 9,531 Mortgage-backed securities 25,870 228 (95 ) 26,003 Total $ 42,310 360 (273 ) 42,397 Securities with gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands): Less Than Twelve Months Over Twelve Months Gross Fair Gross Fair At June 30, 2015: Securities Available for Sale: U.S. Government agency securities $ (6 ) 1,971 (29 ) 4,729 Municipal securities (36 ) 1,242 (38 ) 3,695 Mortgage-backed securities (28 ) 3,345 (65 ) 10,310 Total $ (70 ) 6,558 (132 ) 18,734 At December 31, 2014: Securities Available for Sale: U.S. Government agency securities $ 0 0 (99 ) 5,945 Municipal securities (2 ) 269 (77 ) 3,026 Mortgage-backed securities (47 ) 8,250 (48 ) 1,705 Total $ (49 ) 8,519 (224 ) 10,676 The unrealized losses at June 30, 2015 on twenty-one securities were caused by market conditions. It is expected that the securities would not be settled at a price less than the par value of the investments. Because the decline in fair value is attributable to market conditions and not credit quality, and because the Company has the ability and intent to hold these investments until a market price recovery or maturity, these investments are not considered other-than-temporarily impaired. Securities available for sale measured at fair value on a recurring basis are summarized below (in thousands): Fair Value Measurements Using Fair Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At June 30, 2015: U.S. Government agency securities $ 8,632 0 8,632 0 Municipal securities 8,372 0 8,372 0 Mortgage-backed securities 23,906 0 23,906 0 Total 40,910 0 40,910 0 At December 31, 2014: U.S. Government agency securities 6,863 0 6,863 0 Municipal securities 9,531 0 9,531 0 Mortgage-backed securities 26,003 0 26,003 0 Total $ 42,397 0 42,397 0 During the three months ended June 30, 2015 and 2014, no securities were transferred in or out of Level 1, Level 2 or Level 3. The scheduled maturities of securities are as follows (in thousands): Amortized Fair At June 30, 2015: Due in one to five years $ 1,719 1,717 Due five to ten years 9,863 9,826 Due after ten years 5,447 5,461 Mortgage-backed securities 23,824 23,906 Total $ 40,853 40,910 |
Loans
Loans | 6 Months Ended |
Jun. 30, 2015 | |
Receivables [Abstract] | |
Loans | (3) Loans The segments and classes of loans are as follows (in thousands): At June 30, At December 31, Real estate mortgage loans: Commercial $ 56,240 52,661 Residential and home equity 63,038 51,858 Construction 16,039 15,876 Total real estate mortgage loans 135,317 120,395 Commercial loans 35,224 30,755 Consumer and other loans 3,154 2,877 Total loans 173,695 154,027 Add (deduct): Net deferred loan costs 187 (60 ) Allowance for loan losses (2,307 ) (2,098 ) Loans, net $ 171,575 151,869 An analysis of the change in the allowance for loan losses follows (in thousands): Real Estate Mortgage Loans Consumer Commercial Residential Construction Commercial and Other Total Three-Month Period Ended June 30, 2015: Beginning balance $ 630 622 277 537 50 2,116 Provision (credit) for loan losses 76 175 (40 ) (18 ) (2 ) 191 Net (charge-offs) recoveries 0 0 0 0 0 0 Ending balance $ 706 797 237 519 48 2,307 Three-Month Period Ended June 30, 2014: Beginning balance $ 617 575 160 401 22 1,775 Provision (credit) for loan losses 432 (52 ) 114 69 (1 ) 562 Net recoveries 0 0 0 8 0 8 Ending balance $ 1,049 523 274 478 21 2,345 Six-Month Period Ended June 30, 2015: Beginning balance $ 641 594 263 562 38 2,098 Provision for loan losses 65 203 (26 ) (43 ) 10 209 Net (charge-offs) recoveries 0 0 0 0 0 0 Ending balance $ 706 797 237 519 48 2,307 Six-Month Period Ended June 30, 2014: Beginning balance $ 604 545 175 387 23 1,734 Provision (credit) for loan losses 445 (22 ) 99 71 (2 ) 591 Net recoveries 0 0 0 20 0 20 Ending balance $ 1,049 523 274 478 21 2,345 At June 30, 2015: Individually evaluated for impairment: Recorded investment $ 0 0 0 168 7 175 Balance in allowance for loan losses $ 0 0 0 49 5 54 Collectively evaluated for impairment: Recorded investment $ 56,240 63,038 16,039 35,056 3,147 173,520 Balance in allowance for loan losses $ 706 797 237 470 43 2,253 At December 31, 2014: Individually evaluated for impairment: Recorded investment $ 0 0 0 229 8 237 Balance in allowance for loan losses $ 0 0 0 92 6 98 Collectively evaluated for impairment: Recorded investment $ 52,661 51,858 15,876 30,526 2,869 153,790 Balance in allowance for loan losses $ 641 594 263 470 32 2,000 The Company has divided the loan portfolio into three portfolio segments and five portfolio classes, each with different risk characteristics and methodologies for assessing risk. All loans are underwritten based upon standards set forth in the policies approved by the Company’s Board of Directors. The portfolio segments and classes are identified by the Company as follows: Real Estate Mortgage Loans. Commercial. Residential and Home Equity. Construction. Commercial Loans. Equipment loans generally have a term of five years or less and may have a fixed or variable rate; we use conservative margins when pricing these loans. Working capital loans generally do not exceed one year and typically, they are secured by accounts receivable, inventory, and personal guarantees of the principals of the business. Significant factors affecting a commercial borrower’s creditworthiness include the quality of management and the ability both to evaluate changes in the supply and demand characteristics affecting the business’ markets for products and services and to respond effectively to such changes. These loans may be made unsecured or secured, but most are made on a secured basis. Risks associated with our commercial loan portfolio include local, regional, and national market conditions. Other factors of risk could include changes in the borrower’s management and fluctuations in collateral value. Additionally, there may be refinancing risk if a commercial loan includes a balloon payment which must be refinanced or paid off at loan maturity. In reference to our risk management process, our commercial loan portfolio presents a higher risk profile than our consumer real estate and consumer loan portfolios. Therefore, we require that all loans to businesses must have a clearly stated and reasonable payment plan to allow for timely retirement of debt, unless secured by liquid collateral or as otherwise justified. Consumer and Other Loans. The following summarizes the loan credit quality (in thousands): Pass Special Substandard Doubtful Loss Total At June 30, 2015: Real estate mortgage loans: Commercial $ 51,443 2,829 1,968 0 0 56,240 Residential and home equity 58,927 2,716 1,395 0 0 63,038 Construction 15,861 178 0 0 0 16,039 Commercial loans 34,508 548 168 0 0 35,224 Consumer and other loans 3,144 0 10 0 0 3,154 Total $ 163,883 6,271 3,541 0 0 173,695 At December 31, 2014: Real estate mortgage loans: Commercial 50,654 0 2,007 0 0 52,661 Residential and home equity 47,357 3,065 1,436 0 0 51,858 Construction 15,714 154 8 0 0 15,876 Commercial loans 30,006 520 229 0 0 30,755 Consumer and other loans 2,801 68 8 0 0 2,877 Total $ 146,532 3,807 3,688 0 0 154,027 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. Loans classified as substandard or special mention are reviewed quarterly by the Company for further deterioration or improvement to determine if they are appropriately classified and whether there is any impairment. All loans are graded upon initial issuance. Furthermore, construction loans, non-owner occupied commercial real estate loans, and commercial loan relationships in excess of $500,000 are reviewed at least annually. The Company determines the appropriate loan grade during the renewal process and reevaluates the loan grade in situations when a loan becomes past due. Loans excluded from the review process above are generally classified as pass credits until: (a) they become past due; (b) management becomes aware of deterioration in the credit worthiness of the borrower; or (c) the client contacts the Company for a modification. In these circumstances, the loan is specifically evaluated for potential classification as to special mention, substandard or even charged-off. The Company uses the following definitions for risk ratings: Pass Special Mention Substandard Doubtful Loss At June 30, 2015, there were no loans over thirty days past due, no loans past due ninety days or more but still accruing and three loans on nonaccrual. Age analysis of past due loans at June 30, 2015 and December 31, 2014 is as follows (in thousands): Age analysis of past-due loans is as follows (in thousands): Accruing Loans 30-59 60-89 Greater Total Due Current Nonaccrual Total At June 30, 2015: Real estate mortgage loans: Commercial $ 0 0 0 0 56,240 0 56,240 Residential and home equity 0 0 0 0 63,038 0 63,038 Construction 0 0 0 0 16,039 0 16,039 Commercial loans 0 0 0 0 35,056 168 35,224 Consumer and other loans 0 0 0 0 3,154 0 3,154 Total $ 0 0 0 0 173,527 168 173,695 At December 31, 2014: Real estate mortgage loans: Commercial 0 0 0 0 52,661 0 52,661 Residential and home equity 0 0 0 0 51,858 0 51,858 Construction 0 0 0 0 15,876 0 15,876 Commercial loans 18 0 0 18 30,566 171 30,755 Consumer and other loans 0 0 0 0 2,877 0 2,877 Total $ 18 0 0 18 153,838 171 154,027 The following summarizes the amount of impaired loans (in thousands): With No Related With an Allowance Recorded Total Recorded Unpaid Recorded Unpaid Related Recorded Unpaid Related At June 30, 2015: Commercial loans 0 0 168 168 49 168 168 49 Consumer & other loans 0 0 7 7 5 7 7 5 Total $ 0 0 175 175 54 175 175 54 At December 31, 2014: Commercial loans 0 0 229 229 92 229 229 92 Consumer & other loans 0 0 8 8 6 8 8 6 Total $ 0 0 237 237 98 237 237 98 The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows (in thousands): Three Months Ended June 30, 2015 2014 Average Interest Interest Average Interest Interest Commercial real estate $ 0 0 0 1,403 0 0 Residential and home equity 0 0 0 36 1 1 Commercial loans 216 3 2 213 2 3 Consumer & Other 7 0 0 0 0 0 Total $ 223 3 2 1,652 3 4 Six Months Ended June 30, 2015 2014 Average Interest Interest Average Interest Interest Commercial real estate $ 0 0 0 775 0 0 Residential and home equity 0 0 0 36 1 1 Commercial loans 222 7 8 216 6 7 Consumer & Other 7 0 0 0 0 0 Total $ 229 7 8 1,027 7 8 There were no loans measured at fair value on a nonrecurring basis at June 30, 2015 and December 31, 2014. |
Regulatory Capital
Regulatory Capital | 6 Months Ended |
Jun. 30, 2015 | |
Banking and Thrift [Abstract] | |
Regulatory Capital | (4) Regulatory Capital Banks are subject to regulatory capital requirements imposed by the Federal Reserve and the FDIC. Until a bank holding company’s assets reach $1 billion, the risk-based capital and leverage guidelines issued by the Federal Reserve are applied to bank holding companies on a nonconsolidated basis, unless the bank holding company is engaged in nonbank activities involving significant leverage, or it has a significant amount of outstanding debt held by the general public. Instead, a bank holding company with less than $1 billion in assets generally applies the risk-based capital and leverage capital guidelines on a bank-only basis and must only meet a debt-to-equity ratio at the holding company level. The FDIC risk-based capital guidelines apply directly to insured state banks, regardless of whether they are subsidiaries of a bank holding company. Both agencies’ requirements, which are substantially similar, establish minimum capital ratios in relation to assets, both on an aggregate basis as adjusted for credit risks and off-balance sheet exposures. The risk weights assigned to assets are based primarily on credit risks. A particular asset is assigned to a risk category depending upon its severity of risk. Under the guidelines, capital is compared to the relative risk related to the balance sheet. To derive the risk included in the balance sheet, risk weights (from 0% to 150%) are applied to different balance sheet and off-balance sheet assets, primarily based on the relative credit risk of the counterparty. The assignment of risk weightings to certain assets are also subject to qualitative judgments by our regulators. Capital is then classified into three categories, Common Equity Tier 1, Additional Tier 1, and Tier 2. Common Equity Tier 1 Capital (“CET1”) is the sum of common stock instruments and related surplus net of treasury stock, retained earnings, Accumulated Other Comprehensive Income (“AOCI”), and qualifying minority interests, less applicable regulatory adjustments and deductions that include AOCI (if an irrevocable option to neutralize AOCI is exercised). Mortgage-servicing assets, deferred tax assets, and investments in financial institutions are limited to an aggregate of 15% of CET1 and 10% of CET1 individually. Additional Tier 1 Capital includes noncumulative perpetual preferred stock, Tier 1 minority interests, grandfathered trust preferred securities, and Troubled Asset Relief Program instruments, less applicable regulatory adjustments and deductions. Tier 2 Capital includes subordinated debt and preferred stock, total capital minority interests not included in Tier 1, and ALLL not exceeding 1.25% percent of risk-weighted assets, less applicable regulatory adjustments and deductions. Effective January 1, 2015, smaller banks, such as the Bank, became subject to the new Basel III capital level threshold requirements under the FDIC’s Prompt Corrective Action regulations. These new regulations were designed to ensure that banks maintain strong capital positions even in the event of severe economic downturns or unforeseen losses. Changes that could affect the Bank going forward include additional constraints on the inclusion of deferred tax assets in capital and increased risk weightings for nonperforming loans and acquisition/development loans in regulatory capital. Under the new regulations, the Company elected an irreversible one-time opt-out to exclude AOCI from regulatory capital in the first quarter of 2015. The following is a summary at June 30, 2015 of the regulatory capital requirements to be considered “well-capitalized” and the Bank’s capital position. Actual For Capital Adequacy Purposes For Well Capitalized Purposes Amount Percentage Amount Percentage Amount Percentage As of June 30, 2015: Tier 1 Leverage Capital Ratio $ 22,478 10.04 % $ 8,959 4.00 % 11,199 5.00 % Common Equity Tier 1 Risk-Based Capital Ratio $ 22,478 13.10 7,721 4.50 11,152 6.50 Tier 1 Risk-Based Capital Ratio $ 22,478 13.10 10,294 6.00 13,726 8.00 Total Risk-Based Capital Ratio $ 24,624 14.35 13,726 8.00 17,157 10.00 At June 30, 2015, the Bank was well-capitalized with all capital ratios exceeding the well-capitalized requirement. |
Earnings (Loss) Per Share
Earnings (Loss) Per Share | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings (Loss) Per Share | (5) Earnings (Loss) Per Share Earnings (loss) per share, (“EPS”) has been computed on the basis of the weighted-average number of shares of common stock outstanding. For the three months ended June 30, 2015 and the six months ended June 30, 2015 and 2014, outstanding stock options are considered dilutive securities for purposes of calculating diluted EPS which was computed using the treasury stock method. For the three months ended June 30, 2014, the outstanding stock options were not considered to be dilutive securities due to the net loss incurred by the company (dollars in thousands, except per share amounts): 2015 2014 Earnings Weighted- Average Shares Per Share Amount Earnings Weighted- Average Shares Per Share Amount Three Months Ended June 30: Basic EPS: Net earnings (loss) $ 376 1,944,355 $ 0.19 $ (91 ) 1,692,105 $ (0.05 ) Effect of dilutive securities- Incremental shares from assumed conversion of options 4,085 0 Diluted EPS: Net earnings (loss) $ 376 1,948,440 $ 0.19 $ (91 ) 1,692,105 $ (0.05 ) Six Months Ended June 30: Basic EPS: Net earnings (loss) $ 825 1,943,788 $ 0.42 $ 165 1,613,921 $ 0.10 Effect of dilutive securities- Incremental shares from assumed conversion of options 8,125 10,297 Diluted EPS: Net earnings (loss) $ 825 1,951,913 $ 0.42 $ 165 1,624,218 $ 0.10 |
Stock-Based Compensation
Stock-Based Compensation | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock-Based Compensation | (6) Stock-Based Compensation The 2015 Stock Incentive Compensation Plan was approved by the Shareholders at the Company’s annual meeting of shareholders on May 20, 2015 and permits the Company to grant its key employees and directors stock options, stock appreciation rights, performance shares, and phantom stock. Under this Plan, the amount of shares which may be issued is 500,000, but in no instance more than 15% of the issued and outstanding shares of the Company’s common stock. As of June 30, 2015, no stock options, stock appreciation rights, performance shares, or phantom stock shares have been issued under this Plan. No further grants will be made under the 2007 Stock Option Plan. Unexercised stock options that were granted under the 2007 Stock Option Plan will remain outstanding and will expire under the terms of the individual stock grant. A summary of the activity in the Company’s 2007 Stock Option Plan is as follows: Number of Weighted- Weighted- Aggregate Outstanding at December 31, 2013 134,000 $ 10.01 Outstanding at June 30, 2014 134,000 $ 10.01 Outstanding at December 31, 2014 108,400 $ 10.01 Options granted 15,000 $ 12.50 Options exercised (1,400 ) $ 10.00 Outstanding at June 30, 2015 122,000 $ 10.29 3.8 years Exercisable at June 30, 2015 104,900 $ 10.01 3.6 years $ 261,201 At June 30, 2015, there was $15,000 of total unrecognized compensation expense related to nonvested share-based compensation arrangements granted under the plans. The fair value of the options granted is expected to be recognized over a weighted-average period of 11 months. The fair value of shares vested and recognized as compensation expense was $1,000 and $0 for the six months ended June 30, 2015 and 2014, respectively. The fair value of each option granted during the three and six months ended June 30, 2015 was estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions: June 30, 2015 Weighted-average risk-free interest rate 0.89 % Expected dividend yield — Expected stock volatility 8.13 % Expected life in years 3 Per share fair value of options issued during the year $ 0.87 |
Federal Home Loan Bank Advances
Federal Home Loan Bank Advances | 6 Months Ended |
Jun. 30, 2015 | |
Federal Home Loan Banks [Abstract] | |
Federal Home Loan Bank Advances | (7) Federal Home Loan Bank Advances FHLB advances are collateralized by a blanket lien on qualifying residential real estate, commercial real estate, home equity lines of credit and multi-family loans. Under this blanket lien, the Company could borrow up to $33.1 million at June 30, 2015. At June 30, 2015, there was one advance from the Federal Home Loan Bank of Atlanta (“FHLB”) in the amount of $5.0 million, maturing November 30, 2015, with an interest rate of 0.30%. This advance reduced the Company’s borrowing capacity under FHLB to $28.1 million at June 30, 2015. There were no outstanding FHLB advances at December 31, 2014. |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | (8) Fair Value of Financial Instruments The estimated fair values and fair value measurement method with respect to the Company’s financial instruments were as follows (in thousands): At June 30, 2015 At December 31, 2014 Carrying Fair Level Carrying Fair Level Financial assets: Cash and cash equivalents $ 7,665 7,665 1 7,555 7,555 1 Securities available for sale 40,910 40,910 2 42,397 42,397 2 Loans held for sale 2,160 2,170 3 1,871 1,923 3 Loans, net 171,575 169,939 3 151,869 148,588 3 Federal Home Loan Bank stock 402 402 3 186 186 3 Accrued interest receivable 636 636 3 624 624 3 Financial liabilities: Deposits 199,253 199,335 3 183,971 184,057 3 Federal Home Loan Bank advance 5,000 5,000 3 0 0 3 Other borrowings 0 0 3 2,699 2,699 3 Off-balance sheet financial items 0 0 3 0 0 3 Discussion regarding the assumptions used to compute the estimated fair values of financial instruments can be found in Note 1 to the consolidated financial statements included in the Company’s annual report on Form 10-K for the year ended December 31, 2014. |
Off-Balance Sheet Financial Ins
Off-Balance Sheet Financial Instruments | 6 Months Ended |
Jun. 30, 2015 | |
Text Block [Abstract] | |
Off-Balance Sheet Financial Instruments | (9) Off-Balance Sheet Financial Instruments The Company is a party to financial instruments with off-balance-sheet interest-rate The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for available lines of credit, construction loans in process and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for on-balance-sheet Commitments to extend credit and unused lines of credit are agreements to lend to a client as long as there is no violation of any condition established in the contract. Commitments generally have fixed-expiration dates or other termination clauses and may require payment of a fee. Since some of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each client’s credit worthiness on a case-by-case The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counterparty. Standby letters of credit are written conditional commitments issued by the Company to guarantee the performance of a client to a third party. These letters of credit are primarily issued to support third-party borrowing arrangements and generally have expiration dates within one year of issuance. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to clients. In the event the client does not perform in accordance with the terms of the agreement with the third party, we would be required to fund the commitment. The maximum potential amount of future payments we could be required to make is represented by the contractual amount of the commitment. If the commitment is funded, we would be entitled to seek recovery from the client. Some of the Bank’s standby letters of credit are secured by collateral and those letters of credit totaled $635,000 at June 30, 2015. Guaranteed accounts are irrevocable standby letters of credit issued by us to guarantee a client’s credit line with our third party credit card company, First Arkansas Bank & Trust. As a part of this agreement, we are responsible for the established credit limit on certain accounts plus 10%. The maximum potential amount of future payments we could be required to make is represented by the dollar amount disclosed in the table below. Standby letters of credit and commitments to extend credit typically result in loans with a market interest rate when funded. A summary of the contractual amounts of the Company’s financial instruments with off-balance-sheet risk at June 30, 2015 are as follows (in thousands): Commitments to extend credit $ 4,381 Construction loans in process $ 6,918 Unused lines of credit $ 29,477 Standby letters of credit $ 1,049 Guaranteed accounts $ 110 |
Purchase Commitment
Purchase Commitment | 6 Months Ended |
Jun. 30, 2015 | |
Text Block [Abstract] | |
Purchase Commitment | (10) Purchase Commitment During July, 2015, the Bank purchased three acres of land in Wakulla County, Florida from a related party for $290,000 for the purpose of building a branch office. The Bank intends to lease a modular unit for approximately 18 months at an estimated cost of $70,000. Construction plans for a permanent branch building have not yet been completed. |
Reclassification
Reclassification | 6 Months Ended |
Jun. 30, 2015 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Reclassification | (11) Reclassification Certain interest income sources were reclassified from securities income to other income for the quarter ended June 30, 2014 to conform to June 30, 2015 presentation. Also, certain noninterest income sources were reclassified from gain on sale of loans and other income to mortgage banking revenue and certain noninterest expenses were reclassified from advertising and other noninterest expense to occupancy and equipment, marketing, and FDIC assessment for the quarter ended June 30, 2014 to conform to June 30, 2015 presentation. The reclassification of income and expenses had no effect on net earnings (loss). |
Listing of Stock
Listing of Stock | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Listing of Stock | (12) Listing of Stock The Company has been approved for listing on the OTCQX venue of OTC Markets under the symbol PMHG. We expect to begin trading sometime during the third quarter of 2015. |
General (Policies)
General (Policies) | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
Comprehensive Income | Comprehensive Income. |
Share-Based Compensation | Share-Based Compensation. |
Mortgage Banking Revenue | Mortgage Banking Revenue. |
Securities Available for Sale (
Securities Available for Sale (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Summary of Carrying Amount and Fair Values of Securities | Securities are classified according to management’s intent. The carrying amount of securities and fair values are as follows (in thousands): Amortized Gross Gross Fair At June 30, 2015: U.S. Government agency securities $ 8,637 30 (35 ) 8,632 Municipal securities 8,392 54 (74 ) 8,372 Mortgage-backed securities 23,824 175 (93 ) 23,906 Total $ 40,853 259 (202 ) 40,910 At December 31, 2014: U.S. Government agency securities 6,943 19 (99 ) 6,863 Municipal securities 9,497 113 (79 ) 9,531 Mortgage-backed securities 25,870 228 (95 ) 26,003 Total $ 42,310 360 (273 ) 42,397 |
Summary of Securities in Continuous Unrealized Loss Position | Securities with gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands): Less Than Twelve Months Over Twelve Months Gross Fair Gross Fair At June 30, 2015: Securities Available for Sale: U.S. Government agency securities $ (6 ) 1,971 (29 ) 4,729 Municipal securities (36 ) 1,242 (38 ) 3,695 Mortgage-backed securities (28 ) 3,345 (65 ) 10,310 Total $ (70 ) 6,558 (132 ) 18,734 At December 31, 2014: Securities Available for Sale: U.S. Government agency securities $ 0 0 (99 ) 5,945 Municipal securities (2 ) 269 (77 ) 3,026 Mortgage-backed securities (47 ) 8,250 (48 ) 1,705 Total $ (49 ) 8,519 (224 ) 10,676 |
Securities Available for Sale Measured at Fair Value on Recurring Basis | Securities available for sale measured at fair value on a recurring basis are summarized below (in thousands): Fair Value Measurements Using Fair Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) At June 30, 2015: U.S. Government agency securities $ 8,632 0 8,632 0 Municipal securities 8,372 0 8,372 0 Mortgage-backed securities 23,906 0 23,906 0 Total 40,910 0 40,910 0 At December 31, 2014: U.S. Government agency securities 6,863 0 6,863 0 Municipal securities 9,531 0 9,531 0 Mortgage-backed securities 26,003 0 26,003 0 Total $ 42,397 0 42,397 0 |
Scheduled Maturities of Securities with Fair Value and Amortized Cost | The scheduled maturities of securities are as follows (in thousands): Amortized Fair At June 30, 2015: Due in one to five years $ 1,719 1,717 Due five to ten years 9,863 9,826 Due after ten years 5,447 5,461 Mortgage-backed securities 23,824 23,906 Total $ 40,853 40,910 |
Loans (Tables)
Loans (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Receivables [Abstract] | |
Segments and Classes of Loans | The segments and classes of loans are as follows (in thousands): At June 30, At December 31, Real estate mortgage loans: Commercial $ 56,240 52,661 Residential and home equity 63,038 51,858 Construction 16,039 15,876 Total real estate mortgage loans 135,317 120,395 Commercial loans 35,224 30,755 Consumer and other loans 3,154 2,877 Total loans 173,695 154,027 Add (deduct): Net deferred loan costs 187 (60 ) Allowance for loan losses (2,307 ) (2,098 ) Loans, net $ 171,575 151,869 |
Summary of Changes in Allowance for Loan Losses | An analysis of the change in the allowance for loan losses follows (in thousands): Real Estate Mortgage Loans Consumer Commercial Residential Construction Commercial and Other Total Three-Month Period Ended June 30, 2015: Beginning balance $ 630 622 277 537 50 2,116 Provision (credit) for loan losses 76 175 (40 ) (18 ) (2 ) 191 Net (charge-offs) recoveries 0 0 0 0 0 0 Ending balance $ 706 797 237 519 48 2,307 Three-Month Period Ended June 30, 2014: Beginning balance $ 617 575 160 401 22 1,775 Provision (credit) for loan losses 432 (52 ) 114 69 (1 ) 562 Net recoveries 0 0 0 8 0 8 Ending balance $ 1,049 523 274 478 21 2,345 Six-Month Period Ended June 30, 2015: Beginning balance $ 641 594 263 562 38 2,098 Provision for loan losses 65 203 (26 ) (43 ) 10 209 Net (charge-offs) recoveries 0 0 0 0 0 0 Ending balance $ 706 797 237 519 48 2,307 Six-Month Period Ended June 30, 2014: Beginning balance $ 604 545 175 387 23 1,734 Provision (credit) for loan losses 445 (22 ) 99 71 (2 ) 591 Net recoveries 0 0 0 20 0 20 Ending balance $ 1,049 523 274 478 21 2,345 At June 30, 2015: Individually evaluated for impairment: Recorded investment $ 0 0 0 168 7 175 Balance in allowance for loan losses $ 0 0 0 49 5 54 Collectively evaluated for impairment: Recorded investment $ 56,240 63,038 16,039 35,056 3,147 173,520 Balance in allowance for loan losses $ 706 797 237 470 43 2,253 At December 31, 2014: Individually evaluated for impairment: Recorded investment $ 0 0 0 229 8 237 Balance in allowance for loan losses $ 0 0 0 92 6 98 Collectively evaluated for impairment: Recorded investment $ 52,661 51,858 15,876 30,526 2,869 153,790 Balance in allowance for loan losses $ 641 594 263 470 32 2,000 |
Summary of Loan Credit Quality | The following summarizes the loan credit quality (in thousands): Pass Special Substandard Doubtful Loss Total At June 30, 2015: Real estate mortgage loans: Commercial $ 51,443 2,829 1,968 0 0 56,240 Residential and home equity 58,927 2,716 1,395 0 0 63,038 Construction 15,861 178 0 0 0 16,039 Commercial loans 34,508 548 168 0 0 35,224 Consumer and other loans 3,144 0 10 0 0 3,154 Total $ 163,883 6,271 3,541 0 0 173,695 At December 31, 2014: Real estate mortgage loans: Commercial 50,654 0 2,007 0 0 52,661 Residential and home equity 47,357 3,065 1,436 0 0 51,858 Construction 15,714 154 8 0 0 15,876 Commercial loans 30,006 520 229 0 0 30,755 Consumer and other loans 2,801 68 8 0 0 2,877 Total $ 146,532 3,807 3,688 0 0 154,027 |
Summary of Past Due Loans | Age analysis of past-due loans is as follows (in thousands): Accruing Loans 30-59 60-89 Greater Total Due Current Nonaccrual Total At June 30, 2015: Real estate mortgage loans: Commercial $ 0 0 0 0 56,240 0 56,240 Residential and home equity 0 0 0 0 63,038 0 63,038 Construction 0 0 0 0 16,039 0 16,039 Commercial loans 0 0 0 0 35,056 168 35,224 Consumer and other loans 0 0 0 0 3,154 0 3,154 Total $ 0 0 0 0 173,527 168 173,695 At December 31, 2014: Real estate mortgage loans: Commercial 0 0 0 0 52,661 0 52,661 Residential and home equity 0 0 0 0 51,858 0 51,858 Construction 0 0 0 0 15,876 0 15,876 Commercial loans 18 0 0 18 30,566 171 30,755 Consumer and other loans 0 0 0 0 2,877 0 2,877 Total $ 18 0 0 18 153,838 171 154,027 |
Summary of Impaired Loans | The following summarizes the amount of impaired loans (in thousands): With No Related With an Allowance Recorded Total Recorded Unpaid Recorded Unpaid Related Recorded Unpaid Related At June 30, 2015: Commercial loans 0 0 168 168 49 168 168 49 Consumer & other loans 0 0 7 7 5 7 7 5 Total $ 0 0 175 175 54 175 175 54 At December 31, 2014: Commercial loans 0 0 229 229 92 229 229 92 Consumer & other loans 0 0 8 8 6 8 8 6 Total $ 0 0 237 237 98 237 237 98 |
Summary of Average Net Investment in Impaired Loans and Interest Income Recognized and Received on Impaired Loans | The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows (in thousands): Three Months Ended June 30, 2015 2014 Average Interest Interest Average Interest Interest Commercial real estate $ 0 0 0 1,403 0 0 Residential and home equity 0 0 0 36 1 1 Commercial loans 216 3 2 213 2 3 Consumer & Other 7 0 0 0 0 0 Total $ 223 3 2 1,652 3 4 Six Months Ended June 30, 2015 2014 Average Interest Interest Average Interest Interest Commercial real estate $ 0 0 0 775 0 0 Residential and home equity 0 0 0 36 1 1 Commercial loans 222 7 8 216 6 7 Consumer & Other 7 0 0 0 0 0 Total $ 229 7 8 1,027 7 8 |
Regulatory Capital (Tables)
Regulatory Capital (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Banking and Thrift [Abstract] | |
Summary of Regulatory Capital Requirements and Bank's Capital Position | The following is a summary at June 30, 2015 of the regulatory capital requirements to be considered “well-capitalized” and the Bank’s capital position. Actual For Capital Adequacy Purposes For Well Capitalized Purposes Amount Percentage Amount Percentage Amount Percentage As of June 30, 2015: Tier 1 Leverage Capital Ratio $ 22,478 10.04 % $ 8,959 4.00 % 11,199 5.00 % Common Equity Tier 1 Risk-Based Capital Ratio $ 22,478 13.10 7,721 4.50 11,152 6.50 Tier 1 Risk-Based Capital Ratio $ 22,478 13.10 10,294 6.00 13,726 8.00 Total Risk-Based Capital Ratio $ 24,624 14.35 13,726 8.00 17,157 10.00 |
Earnings (Loss) Per Share (Tabl
Earnings (Loss) Per Share (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Computation of Basic and Diluted Earnings Per Common Share | For the three months ended June 30, 2015 and the six months ended June 30, 2015 and 2014, outstanding stock options are considered dilutive securities for purposes of calculating diluted EPS which was computed using the treasury stock method. For the three months ended June 30, 2014, the outstanding stock options were not considered to be dilutive securities due to the net loss incurred by the company (dollars in thousands, except per share amounts): 2015 2014 Earnings Weighted- Average Shares Per Share Amount Earnings Weighted- Average Shares Per Share Amount Three Months Ended June 30: Basic EPS: Net earnings (loss) $ 376 1,944,355 $ 0.19 $ (91 ) 1,692,105 $ (0.05 ) Effect of dilutive securities- Incremental shares from assumed conversion of options 4,085 0 Diluted EPS: Net earnings (loss) $ 376 1,948,440 $ 0.19 $ (91 ) 1,692,105 $ (0.05 ) Six Months Ended June 30: Basic EPS: Net earnings (loss) $ 825 1,943,788 $ 0.42 $ 165 1,613,921 $ 0.10 Effect of dilutive securities- Incremental shares from assumed conversion of options 8,125 10,297 Diluted EPS: Net earnings (loss) $ 825 1,951,913 $ 0.42 $ 165 1,624,218 $ 0.10 |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Summary of Stock Option Activity | A summary of the activity in the Company’s 2007 Stock Option Plan is as follows: Number of Weighted- Weighted- Aggregate Outstanding at December 31, 2013 134,000 $ 10.01 Outstanding at June 30, 2014 134,000 $ 10.01 Outstanding at December 31, 2014 108,400 $ 10.01 Options granted 15,000 $ 12.50 Options exercised (1,400 ) $ 10.00 Outstanding at June 30, 2015 122,000 $ 10.29 3.8 years Exercisable at June 30, 2015 104,900 $ 10.01 3.6 years $ 261,201 |
Black-Scholes Option-Pricing Model Assumptions | The fair value of each option granted during the three and six months ended June 30, 2015 was estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions: June 30, 2015 Weighted-average risk-free interest rate 0.89 % Expected dividend yield — Expected stock volatility 8.13 % Expected life in years 3 Per share fair value of options issued during the year $ 0.87 |
Fair Value of Financial Instr26
Fair Value of Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments | The estimated fair values and fair value measurement method with respect to the Company’s financial instruments were as follows (in thousands): At June 30, 2015 At December 31, 2014 Carrying Fair Level Carrying Fair Level Financial assets: Cash and cash equivalents $ 7,665 7,665 1 7,555 7,555 1 Securities available for sale 40,910 40,910 2 42,397 42,397 2 Loans held for sale 2,160 2,170 3 1,871 1,923 3 Loans, net 171,575 169,939 3 151,869 148,588 3 Federal Home Loan Bank stock 402 402 3 186 186 3 Accrued interest receivable 636 636 3 624 624 3 Financial liabilities: Deposits 199,253 199,335 3 183,971 184,057 3 Federal Home Loan Bank advance 5,000 5,000 3 0 0 3 Other borrowings 0 0 3 2,699 2,699 3 Off-balance sheet financial items 0 0 3 0 0 3 |
Off-Balance Sheet Financial I27
Off-Balance Sheet Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Text Block [Abstract] | |
Summary of Contractual Amounts of Financial Instruments | A summary of the contractual amounts of the Company’s financial instruments with off-balance-sheet risk at June 30, 2015 are as follows (in thousands): Commitments to extend credit $ 4,381 Construction loans in process $ 6,918 Unused lines of credit $ 29,477 Standby letters of credit $ 1,049 Guaranteed accounts $ 110 |
General - Additional Informatio
General - Additional Information (Detail) - Jun. 30, 2015 - Office | Total |
Accounting Policies [Abstract] | |
Percent of outstanding common stock owns | 100.00% |
Number of banking offices | 2 |
Securities Available for Sale -
Securities Available for Sale - Summary of Carrying Amount and Fair Values of Securities (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 40,853 | $ 42,310 |
Gross Unrealized Gains | 259 | 360 |
Gross Unrealized Losses | (202) | (273) |
Fair Value | 40,910 | 42,397 |
US Government Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 8,637 | 6,943 |
Gross Unrealized Gains | 30 | 19 |
Gross Unrealized Losses | (35) | (99) |
Fair Value | 8,632 | 6,863 |
Municipal Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 8,392 | 9,497 |
Gross Unrealized Gains | 54 | 113 |
Gross Unrealized Losses | (74) | (79) |
Fair Value | 8,372 | 9,531 |
Mortgage-backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 23,824 | 25,870 |
Gross Unrealized Gains | 175 | 228 |
Gross Unrealized Losses | (93) | (95) |
Fair Value | $ 23,906 | $ 26,003 |
Securities Available for Sale30
Securities Available for Sale - Summary of Securities in Continuous Unrealized Loss Position (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | $ (70) | $ (49) |
Fair Value, Less Than Twelve Months | 6,558 | 8,519 |
Gross Unrealized Losses, Over Twelve Months | (132) | (224) |
Fair Value, Over Twelve Months | 18,734 | 10,676 |
US Government Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | (6) | 0 |
Fair Value, Less Than Twelve Months | 1,971 | 0 |
Gross Unrealized Losses, Over Twelve Months | (29) | (99) |
Fair Value, Over Twelve Months | 4,729 | 5,945 |
Municipal Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | (36) | (2) |
Fair Value, Less Than Twelve Months | 1,242 | 269 |
Gross Unrealized Losses, Over Twelve Months | (38) | (77) |
Fair Value, Over Twelve Months | 3,695 | 3,026 |
Mortgage-backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | (28) | (47) |
Fair Value, Less Than Twelve Months | 3,345 | 8,250 |
Gross Unrealized Losses, Over Twelve Months | (65) | (48) |
Fair Value, Over Twelve Months | $ 10,310 | $ 1,705 |
Securities Available for Sale31
Securities Available for Sale - Additional Information (Detail) | 3 Months Ended | |
Jun. 30, 2015USD ($)Securities | Jun. 30, 2014USD ($) | |
Investments, Debt and Equity Securities [Abstract] | ||
Number of securities in unrealized loss | 21 | |
Securities transferred in or out of Level 1, Level 2 or Level 3 | $ | $ 0 | $ 0 |
Securities Available for Sale32
Securities Available for Sale - Securities Available for Sale Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | $ 40,910 | $ 42,397 |
US Government Agency Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 8,632 | 6,863 |
Municipal Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 8,372 | 9,531 |
Mortgage-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 23,906 | 26,003 |
Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 0 | 0 |
Level 1 [Member] | US Government Agency Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 0 | 0 |
Level 1 [Member] | Municipal Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 0 | 0 |
Level 1 [Member] | Mortgage-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 0 | 0 |
Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 40,910 | 42,397 |
Level 2 [Member] | US Government Agency Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 8,632 | 6,863 |
Level 2 [Member] | Municipal Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 8,372 | 9,531 |
Level 2 [Member] | Mortgage-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 23,906 | 26,003 |
Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 0 | 0 |
Level 3 [Member] | US Government Agency Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 0 | 0 |
Level 3 [Member] | Municipal Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 0 | 0 |
Level 3 [Member] | Mortgage-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | $ 0 | $ 0 |
Securities Available for Sale33
Securities Available for Sale - Scheduled Maturities of Securities with Fair Value and Amortized Cost (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Investments, Debt and Equity Securities [Abstract] | ||
Due in one to five years, Amortized cost | $ 1,719 | |
Due five to ten years, Amortized cost | 9,863 | |
Due after ten years, Amortized cost | 5,447 | |
Mortgage-backed securities, Amortized cost | 23,824 | |
Total | 40,853 | |
Due in one to five years, Fair value | 1,717 | |
Due five to ten years, Fair value | 9,826 | |
Due after ten years, Fair value | 5,461 | |
Mortgage-backed securities, Fair value | 23,906 | |
Total | $ 40,910 | $ 42,397 |
Loans - Segments and Classes of
Loans - Segments and Classes of Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2013 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total loans | $ 173,695 | $ 154,027 | ||||
Net deferred loan costs | (60) | |||||
Net deferred loan costs | 187 | |||||
Allowance for loan losses | (2,307) | $ (2,116) | (2,098) | $ (2,345) | $ (1,775) | $ (1,734) |
Loans, net | 171,575 | 151,869 | ||||
Mortgage Receivable [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total loans | 135,317 | 120,395 | ||||
Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total loans | 56,240 | 52,661 | ||||
Allowance for loan losses | (706) | (630) | (641) | (1,049) | (617) | (604) |
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total loans | 63,038 | 51,858 | ||||
Allowance for loan losses | (797) | (622) | (594) | (523) | (575) | (545) |
Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total loans | 16,039 | 15,876 | ||||
Allowance for loan losses | (237) | (277) | (263) | (274) | (160) | (175) |
Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total loans | 35,224 | 30,755 | ||||
Allowance for loan losses | (519) | (537) | (562) | (478) | (401) | (387) |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||||
Total loans | 3,154 | 2,877 | ||||
Allowance for loan losses | $ (48) | $ (50) | $ (38) | $ (21) | $ (22) | $ (23) |
Loans - Summary of Changes in A
Loans - Summary of Changes in Allowance for Loan Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Dec. 31, 2014 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | $ 2,116 | $ 1,775 | $ 2,098 | $ 1,734 | |
Provision (credit) for loan losses | 191 | 562 | 209 | 591 | |
Net (charge-offs) recoveries | 0 | 8 | 0 | 20 | |
Ending balance | 2,307 | 2,345 | 2,307 | 2,345 | |
Individually evaluated for impairment: | |||||
Recorded investment | 175 | 175 | $ 237 | ||
Balance in allowance for loan losses | 54 | 54 | 98 | ||
Collectively evaluated for impairment: | |||||
Recorded investment | 173,520 | 173,520 | 153,790 | ||
Balance in allowance for loan losses | 2,253 | 2,253 | 2,000 | ||
Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 630 | 617 | 641 | 604 | |
Provision (credit) for loan losses | 76 | 432 | 65 | 445 | |
Net (charge-offs) recoveries | 0 | 0 | 0 | 0 | |
Ending balance | 706 | 1,049 | 706 | 1,049 | |
Individually evaluated for impairment: | |||||
Recorded investment | 0 | 0 | 0 | ||
Balance in allowance for loan losses | 0 | 0 | 0 | ||
Collectively evaluated for impairment: | |||||
Recorded investment | 56,240 | 56,240 | 52,661 | ||
Balance in allowance for loan losses | 706 | 706 | 641 | ||
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 622 | 575 | 594 | 545 | |
Provision (credit) for loan losses | 175 | (52) | 203 | (22) | |
Net (charge-offs) recoveries | 0 | 0 | 0 | 0 | |
Ending balance | 797 | 523 | 797 | 523 | |
Individually evaluated for impairment: | |||||
Recorded investment | 0 | 0 | 0 | ||
Balance in allowance for loan losses | 0 | 0 | 0 | ||
Collectively evaluated for impairment: | |||||
Recorded investment | 63,038 | 63,038 | 51,858 | ||
Balance in allowance for loan losses | 797 | 797 | 594 | ||
Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 277 | 160 | 263 | 175 | |
Provision (credit) for loan losses | (40) | 114 | (26) | 99 | |
Net (charge-offs) recoveries | 0 | 0 | 0 | 0 | |
Ending balance | 237 | 274 | 237 | 274 | |
Individually evaluated for impairment: | |||||
Recorded investment | 0 | 0 | 0 | ||
Balance in allowance for loan losses | 0 | 0 | 0 | ||
Collectively evaluated for impairment: | |||||
Recorded investment | 16,039 | 16,039 | 15,876 | ||
Balance in allowance for loan losses | 237 | 237 | 263 | ||
Loans and Finance Receivables [Member] | |||||
Individually evaluated for impairment: | |||||
Balance in allowance for loan losses | 54 | 54 | 98 | ||
Loans and Finance Receivables [Member] | Commercial Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 537 | 401 | 562 | 387 | |
Provision (credit) for loan losses | (18) | 69 | (43) | 71 | |
Net (charge-offs) recoveries | 0 | 8 | 0 | 20 | |
Ending balance | 519 | 478 | 519 | 478 | |
Individually evaluated for impairment: | |||||
Recorded investment | 168 | 168 | 229 | ||
Balance in allowance for loan losses | 49 | 49 | 92 | ||
Collectively evaluated for impairment: | |||||
Recorded investment | 35,056 | 35,056 | 30,526 | ||
Balance in allowance for loan losses | 470 | 470 | 470 | ||
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 50 | 22 | 38 | 23 | |
Provision (credit) for loan losses | (2) | (1) | 10 | (2) | |
Net (charge-offs) recoveries | 0 | 0 | 0 | 0 | |
Ending balance | 48 | $ 21 | 48 | $ 21 | |
Individually evaluated for impairment: | |||||
Recorded investment | 7 | 7 | 8 | ||
Balance in allowance for loan losses | 5 | 5 | 6 | ||
Collectively evaluated for impairment: | |||||
Recorded investment | 3,147 | 3,147 | 2,869 | ||
Balance in allowance for loan losses | $ 43 | $ 43 | $ 32 |
Loans - Additional Information
Loans - Additional Information (Detail) | 6 Months Ended | |
Jun. 30, 2015USD ($)SecurityLoanClassSegment | Dec. 31, 2014USD ($) | |
Financing Receivable, Impaired [Line Items] | ||
Number of loan portfolio | Segment | 3 | |
Number of loan portfolio class | Class | 5 | |
Financing receivable, recorded investment, 30 to 59 days past due | 0 | |
Financing receivable, recorded investment, 90 days past due and still accruing | 0 | |
Financing receivable, recorded investment, nonaccrual status | 3 | |
Impaired Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Loans measured at fair value on a nonrecurring basis | $ | $ 0 | $ 0 |
Minimum [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Impairment valuation loan limit | $ | $ 500,000 | |
Minimum [Member] | Loans Receivable [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Maturity period of loan | 1 year | |
Maximum [Member] | Loans Receivable [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Maturity period of loan | 5 years | |
Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Number of loan portfolio class | Class | 3 | |
Commercial Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Description of interest rate of loans | Equipment loans generally have a term of five years or less and may have a fixed or variable rate | |
Commercial Loans [Member] | Period 1 [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Period of portfolio mortgage adjustable rate | 1 year | |
Period of secondary market mortgage fixed rate | 15 years | |
Commercial Loans [Member] | Period 2 [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Period of portfolio mortgage adjustable rate | 3 years | |
Period of secondary market mortgage fixed rate | 30 years | |
Commercial Loans [Member] | Period 3 [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Period of portfolio mortgage adjustable rate | 5 years | |
Commercial Loans [Member] | Minimum [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Maturity period of loan | 3 years | |
Commercial Loans [Member] | Maximum [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Maturity period of loan | 5 years | |
Construction Real Estate Mortgage Loans [Member] | Minimum [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Maturity period of loan | 1 year | |
Construction Real Estate Mortgage Loans [Member] | Maximum [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Maturity period of loan | 2 years |
Loans - Summary of Loan Credit
Loans - Summary of Loan Credit Quality (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | $ 173,695 | $ 154,027 |
Mortgage Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 135,317 | 120,395 |
Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 56,240 | 52,661 |
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 63,038 | 51,858 |
Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 16,039 | 15,876 |
Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 35,224 | 30,755 |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 3,154 | 2,877 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 163,883 | 146,532 |
Pass [Member] | Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 51,443 | 50,654 |
Pass [Member] | Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 58,927 | 47,357 |
Pass [Member] | Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 15,861 | 15,714 |
Pass [Member] | Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 34,508 | 30,006 |
Pass [Member] | Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 3,144 | 2,801 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 6,271 | 3,807 |
Special Mention [Member] | Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 2,829 | 0 |
Special Mention [Member] | Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 2,716 | 3,065 |
Special Mention [Member] | Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 178 | 154 |
Special Mention [Member] | Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 548 | 520 |
Special Mention [Member] | Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 68 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 3,541 | 3,688 |
Substandard [Member] | Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 1,968 | 2,007 |
Substandard [Member] | Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 1,395 | 1,436 |
Substandard [Member] | Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 8 |
Substandard [Member] | Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 168 | 229 |
Substandard [Member] | Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 10 | 8 |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 0 |
Doubtful [Member] | Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 0 |
Doubtful [Member] | Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 0 |
Doubtful [Member] | Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 0 |
Doubtful [Member] | Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 0 |
Doubtful [Member] | Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 0 |
Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 0 |
Loss [Member] | Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 0 |
Loss [Member] | Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 0 |
Loss [Member] | Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 0 |
Loss [Member] | Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 0 |
Loss [Member] | Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | $ 0 | $ 0 |
Loans - Summary of Past Due Loa
Loans - Summary of Past Due Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | $ 0 | $ 18 |
Current | 173,527 | 153,838 |
Nonaccrual Loans | 168 | 171 |
Total Loans | 173,695 | 154,027 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 18 |
60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Greater Than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Mortgage Receivable [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Loans | 135,317 | 120,395 |
Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Current | 56,240 | 52,661 |
Nonaccrual Loans | 0 | 0 |
Total Loans | 56,240 | 52,661 |
Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | Greater Than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Current | 63,038 | 51,858 |
Nonaccrual Loans | 0 | 0 |
Total Loans | 63,038 | 51,858 |
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Greater Than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Current | 16,039 | 15,876 |
Nonaccrual Loans | 0 | 0 |
Total Loans | 16,039 | 15,876 |
Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | Greater Than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 18 |
Current | 35,056 | 30,566 |
Nonaccrual Loans | 168 | 171 |
Total Loans | 35,224 | 30,755 |
Loans and Finance Receivables [Member] | Commercial Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 18 |
Loans and Finance Receivables [Member] | Commercial Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Loans and Finance Receivables [Member] | Commercial Loans [Member] | Greater Than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Current | 3,154 | 2,877 |
Nonaccrual Loans | 0 | 0 |
Total Loans | 3,154 | 2,877 |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | Greater Than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | $ 0 | $ 0 |
Loans - Summary of Impaired Loa
Loans - Summary of Impaired Loans (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Related Allowance | $ 54 | $ 98 |
Loans and Finance Receivables [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With No Related Allowing Recorded Investment | 0 | 0 |
With No Related Allowing Unpaid Contractual Principal Balance | 0 | 0 |
With an Allowance Recorded Investment | 175 | 237 |
With an Allowance Recorded Unpaid Contractual Principal Balance | 175 | 237 |
With an Allowance Recorded Related Allowance | 54 | 98 |
Recorded Investment | 175 | 237 |
Unpaid Contractual Principal Balance | 175 | 237 |
Related Allowance | 54 | 98 |
Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With No Related Allowing Recorded Investment | 0 | 0 |
With No Related Allowing Unpaid Contractual Principal Balance | 0 | 0 |
With an Allowance Recorded Investment | 168 | 229 |
With an Allowance Recorded Unpaid Contractual Principal Balance | 168 | 229 |
With an Allowance Recorded Related Allowance | 49 | 92 |
Recorded Investment | 168 | 229 |
Unpaid Contractual Principal Balance | 168 | 229 |
Related Allowance | 49 | 92 |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With No Related Allowing Recorded Investment | 0 | 0 |
With No Related Allowing Unpaid Contractual Principal Balance | 0 | 0 |
With an Allowance Recorded Investment | 7 | 8 |
With an Allowance Recorded Unpaid Contractual Principal Balance | 7 | 8 |
With an Allowance Recorded Related Allowance | 5 | 6 |
Recorded Investment | 7 | 8 |
Unpaid Contractual Principal Balance | 7 | 8 |
Related Allowance | $ 5 | $ 6 |
Loans - Summary of Average Net
Loans - Summary of Average Net Investment in Impaired Loans and Interest Income Recognized and Received on Impaired Loans (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | $ 223 | $ 1,652 | $ 229 | $ 1,027 |
Interest Income Recognized | 3 | 3 | 7 | 7 |
Interest Income Received | 2 | 4 | 8 | 8 |
Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 0 | 1,403 | 0 | 775 |
Interest Income Recognized | 0 | 0 | 0 | 0 |
Interest Income Received | 0 | 0 | 0 | 0 |
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 0 | 36 | 0 | 36 |
Interest Income Recognized | 0 | 1 | 0 | 1 |
Interest Income Received | 0 | 1 | 0 | 1 |
Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 216 | 213 | 222 | 216 |
Interest Income Recognized | 3 | 2 | 7 | 6 |
Interest Income Received | 2 | 3 | 8 | 7 |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||||
Financing Receivable, Impaired [Line Items] | ||||
Average Recorded Investment | 7 | 0 | 7 | 0 |
Interest Income Recognized | 0 | 0 | 0 | 0 |
Interest Income Received | $ 0 | $ 0 | $ 0 | $ 0 |
Regulatory Capital - Additional
Regulatory Capital - Additional Information (Detail) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total Assets | $ 229,290 | $ 210,358 |
Capital to risk weighted assets | 14.35% | |
ALLL qualified as Tier 2 Capital on basis of percentage of risk-weighted assets | 1.25% | |
Regulatory Capital Requirement [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total Assets | $ 1,000,000 | |
Minimum [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Capital to risk weighted assets | 0.00% | |
Maximum [Member] | ||
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Capital to risk weighted assets | 150.00% |
Regulatory Capital - Summary of
Regulatory Capital - Summary of Regulatory Capital Requirements and Bank's Capital Position (Detail) - Jun. 30, 2015 - USD ($) | Total |
Banking and Thrift [Abstract] | |
Tier 1 Leverage Capital Ratio, Actual amount | $ 22,478 |
Tier 1 Leverage Capital Ratio, Actual Percentage | 10.04% |
Tier 1 Leverage Capital Ratio, For Capital Adequacy Purposes, Amount | $ 8,959 |
Tier 1 Leverage Capital Ratio, For Capital Adequacy Purposes, Percentage | 4.00% |
Tier 1 Leverage Capital Ratio, For Well Capitalized Purposes, Amount | $ 11,199 |
Tier 1 Leverage Capital Ratio, For Well Capitalized Purposes, Percentage | 5.00% |
Common Equity Tier 1 Risk-Based Capital Ratio, Actual Amount | $ 22,478 |
Common Equity Tier 1 Risk-Based Capital Ratio, Actual Percentage | 13.10% |
Common Equity Tier 1 Risk-Based Capital Ratio, For Capital Adequacy Purposes, Amount | $ 7,721 |
Common Equity Tier 1 Risk-Based Capital Ratio, For Capital Adequacy Purposes, Percentage | 4.50% |
Common Equity Tier 1 Risk-Based Capital Ratio, For Well Capitalized Purposes, Amount | $ 11,152 |
Common Equity Tier 1 Risk-Based Capital Ratio, For Well Capitalized Purposes, Percentage | 6.50% |
Tier 1 Risk-Based Capital Ratio, Actual Amount | $ 22,478 |
Tier 1 Risk-Based Capital Ratio, Actual Percentage | 13.10% |
Tier 1 Risk-Based Capital Ratio, For Capital Adequacy Purposes, Amount | $ 10,294 |
Tier 1 Risk-Based Capital Ratio, For Capital Adequacy Purposes, Percentage | 6.00% |
Tier 1 Risk-Based Capital Ratio, For Well Capitalized Purposes, Amount | $ 13,726 |
Common Equity Tier 1 Risk-Based Capital Ratio, For Well Capitalized Purposes, Percentage | 8.00% |
Total Risk-Based Capital Ratio, Actual Amount | $ 24,624 |
Total Risk-Based Capital Ratio, Actual Percentage | 14.35% |
Total Risk-Based Capital Ratio, For Capital Adequacy Purposes, Amount | $ 13,726 |
Total Risk-Based Capital Ratio, For Capital Adequacy Purposes, Percentage | 8.00% |
Total Risk-Based Capital Ratio, For Well Capitalized Purposes, Amount | $ 17,157 |
Total Risk-Based Capital Ratio, For Well Capitalized Purposes, Percentage | 10.00% |
Earnings (Loss) Per Share - Com
Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Earnings Per Share [Abstract] | ||||
Earnings | $ 376 | $ (91) | $ 825 | $ 165 |
Weighted-Average Shares | 1,944,355 | 1,692,105 | 1,943,788 | 1,613,921 |
Per Share Amount | $ 0.19 | $ (0.05) | $ 0.42 | $ 0.10 |
Effect of dilutive securities-Incremental shares from assumed conversion of options | 4,085 | 0 | 8,125 | 10,297 |
Earnings | $ 376 | $ (91) | $ 825 | $ 165 |
Weighted-Average Shares | 1,948,440 | 1,692,105 | 1,951,913 | 1,624,218 |
Per Share Amount | $ 0.19 | $ (0.05) | $ 0.42 | $ 0.10 |
Stock-Based Compensation - Addi
Stock-Based Compensation - Additional Information (Detail) - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares granted | 15,000 | |
Stock-based compensation expense | $ 1,000 | $ 0 |
2015 Stock Incentive Compensation Plan [Member] | Employee Stock Option [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Number of shares to be issued under stock option plan | 500,000 | |
Number of shares issued under stock option plan | 0 | |
Maximum percentage of shares issued | 15.00% | |
2007 Incentive Award Plan [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Period for recognition of stock based compensation cost | 11 months | |
2007 Incentive Award Plan [Member] | Employee Stock Option [Member] | ||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Shares granted | 0 | |
Unrecognized compensation expense related to nonvested share-based compensation arrangements granted | $ 15,000 |
Stock-Based Compensation - Summ
Stock-Based Compensation - Summary of Stock Option Activity (Detail) - Jun. 30, 2015 - USD ($) | Total |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Number of Options, Outstanding beginning balance | 108,400 |
Number of Options, Options granted | 15,000 |
Number of Options, Options exercised | (1,400) |
Number of Options, Outstanding ending balance | 122,000 |
Number of Options, Exercisable ending balance | 104,900 |
Weighted-Average Exercise Price, Outstanding beginning balance | $ 10.01 |
Weighted-Average Exercise Price, Options granted | 12.50 |
Weighted-Average Exercise Price, Options exercised | 10 |
Weighted-Average Exercise Price, Outstanding ending balance | 10.29 |
Weighted-Average Exercise Price, Exercisable | $ 10.01 |
Weighted-Average Remaining Contractual Term, Outstanding | 3 years 9 months 18 days |
Weighted-Average Remaining Contractual Term, Exercisable | 3 years 7 months 6 days |
Aggregate Intrinsic Value, Exercisable | $ 261,201 |
Stock-Based Compensation - Blac
Stock-Based Compensation - Black-Scholes Option-Pricing Model Assumptions (Detail) - Jun. 30, 2015 - $ / shares | Total | Total |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||
Weighted-average risk-free interest rate | 0.89% | 0.89% |
Expected dividend yield | 0.00% | 0.00% |
Expected stock volatility | 8.13% | 8.13% |
Expected life in years | 3 years | 3 years |
Per share fair value of options issued during the year | $ 0.87 | $ 0.87 |
Federal Home Loan Bank Advanc47
Federal Home Loan Bank Advances - Additional Information (Detail) - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Advances from Federal Home Loan Banks [Abstract] | ||
Maximum borrowing capacity under FHLB | $ 33,100,000 | |
Federal Home Loan Bank advances | 5,000,000 | $ 0 |
Federal Home Loan Bank advances available | $ 28,100,000 | |
Federal Home Loan Bank advances maturity date | Nov. 30, 2015 | |
Federal Home Loan Bank advances interest rate | 0.30% | |
Outstanding advances under FHLB | $ 0 |
Fair Value of Financial Instr48
Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents | $ 7,665 | $ 7,555 | $ 22,990 | $ 34,166 |
Securities available for sale | 40,910 | 42,397 | ||
Loans held for sale | 2,160 | 1,871 | ||
Loans, net | 171,575 | 151,869 | ||
Federal Home Loan Bank stock | 402 | 186 | ||
Accrued interest receivable | 636 | 624 | ||
Deposits | 199,253 | 183,971 | ||
Federal Home Loan Bank advance | 5,000 | 0 | ||
Other borrowings | 0 | 2,699 | ||
Level 1 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Level 2 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Securities available for sale | 40,910 | 42,397 | ||
Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Carrying Amount [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents | 7,665 | 7,555 | ||
Securities available for sale | 40,910 | 42,397 | ||
Loans held for sale | 2,160 | 1,871 | ||
Loans, net | 171,575 | 151,869 | ||
Federal Home Loan Bank stock | 402 | 186 | ||
Accrued interest receivable | 636 | 624 | ||
Deposits | 199,253 | 183,971 | ||
Federal Home Loan Bank advance | 5,000 | 0 | ||
Other borrowings | 0 | 2,699 | ||
Off-balance sheet financial items | 0 | 0 | ||
Estimated Fair Value [Member] | Level 1 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents | 7,665 | 7,555 | ||
Estimated Fair Value [Member] | Level 2 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Securities available for sale | 40,910 | 42,397 | ||
Estimated Fair Value [Member] | Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans held for sale | 2,170 | 1,923 | ||
Loans, net | 169,939 | 148,588 | ||
Federal Home Loan Bank stock | 402 | 186 | ||
Accrued interest receivable | 636 | 624 | ||
Deposits | 199,335 | 184,057 | ||
Federal Home Loan Bank advance | 5,000 | 0 | ||
Other borrowings | 0 | 2,699 | ||
Off-balance sheet financial items | $ 0 | $ 0 |
Off-Balance-Sheet Financial Ins
Off-Balance-Sheet Financial Instruments - Additional Information (Detail) - Jun. 30, 2015 - Standby Letters of Credit [Member] - USD ($) | Total |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Debt instrument maturity period | 1 year |
Collateral amount | $ 635,000 |
Credit Availability Concentration Risk [Member] | Liabilities, Total [Member] | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Percentage of additional credit limit guaranteed | 10.00% |
Off-Balance-Sheet Financial I50
Off-Balance-Sheet Financial Instruments - Summary of Contractual Amounts of Financial Instruments (Detail) | 6 Months Ended |
Jun. 30, 2015USD ($) | |
Commitments to Extend Credit [Member] | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Contractual amounts with off-balance-sheet risk | $ 4,381,000 |
Construction Loans in Process [Member] | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Contractual amounts with off-balance-sheet risk | 6,918,000 |
Unused Lines of Credit [Member] | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Contractual amounts with off-balance-sheet risk | 29,477,000 |
Standby Letters of Credit [Member] | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Contractual amounts with off-balance-sheet risk | 1,049,000 |
Guaranteed Accounts [Member] | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Contractual amounts with off-balance-sheet risk | $ 110,000 |
Purchase Commitment - Additiona
Purchase Commitment - Additional Information (Detail) - Jul. 31, 2015 - Subsequent Event [Member] | USD ($)a |
Long-term Purchase Commitment [Line Items] | |
Period in which modular unit leased | 18 months |
Estimated costs of leased property | $ 70,000 |
Related Party [Member] | |
Long-term Purchase Commitment [Line Items] | |
Costs of acquired property | $ 290,000 |
FLORIDA | |
Long-term Purchase Commitment [Line Items] | |
Area of land acquired | a | 3 |
Uncategorized Items - prime-201
Label | Element | Value |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber | 134,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber | 134,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice | $ 10.01 |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice | $ 10.01 |