Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | May. 10, 2016 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 | |
Trading Symbol | PMHG | |
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 | 1,980,172 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Assets | ||
Cash and due from banks | $ 5,269 | $ 3,528 |
Federal funds sold | 6,382 | 4,657 |
Interest-bearing deposits | 7,128 | 244 |
Total cash and cash equivalents | 18,779 | 8,429 |
Securities available for sale | 38,116 | 38,063 |
Loans held for sale | 2,244 | 2,722 |
Loans, net of allowance for loan losses of $2,605 and $2,473 | 197,253 | 187,076 |
Federal Home Loan Bank stock | 220 | 189 |
Premises and equipment, net | 4,218 | 4,222 |
Accrued interest receivable | 679 | 692 |
Bank-owned life insurance | 1,675 | 1,662 |
Other assets | 538 | 989 |
Total assets | 263,722 | 244,044 |
Liabilities: | ||
Noninterest-bearing demand deposits | 54,694 | 50,158 |
Savings, NOW and money-market deposits | 161,715 | 144,801 |
Time deposits | 20,502 | 22,614 |
Total deposits | 236,911 | 217,573 |
Official checks | 768 | 744 |
Other liabilities | 502 | 794 |
Total liabilities | 238,181 | 219,111 |
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, 1,976,099 and 1,975,329 issued and outstanding | 20 | 20 |
Additional paid-in capital | 20,425 | 20,415 |
Retained earnings | 4,725 | 4,442 |
Accumulated other comprehensive income | 371 | 56 |
Total stockholders' equity | 25,541 | 24,933 |
Total liabilities and stockholders' equity | $ 263,722 | $ 244,044 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Statement of Financial Position [Abstract] | ||
Loans receivable, allowance for loan losses | $ 2,605 | $ 2,473 |
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 | 1,976,099 | 1,975,329 |
Common stock, shares outstanding | 1,976,099 | 1,975,329 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Interest income: | ||
Loans | $ 2,274 | $ 1,947 |
Securities | 200 | 228 |
Other | 25 | 7 |
Total interest income | 2,499 | 2,182 |
Interest expense: | ||
Deposits | 192 | 162 |
Other borrowings | 0 | 6 |
Total interest expense | 192 | 168 |
Net interest income | 2,307 | 2,014 |
Provision for loan losses | 134 | 18 |
Net interest income after provision for loan losses | 2,173 | 1,996 |
Noninterest income: | ||
Service charges and fees on deposit accounts | 48 | 34 |
Mortgage banking revenue | 151 | 61 |
Income from bank-owned life insurance | 13 | 12 |
Gain on sale of securities available for sale | 15 | 42 |
Other income | 64 | 40 |
Total noninterest income | 291 | 189 |
Noninterest expenses: | ||
Salaries and employee benefits | 985 | 808 |
Occupancy and equipment | 203 | 175 |
Professional fees | 105 | 76 |
Marketing | 159 | 113 |
FDIC Assessment | 32 | 26 |
Software maintenance, amortization and other | 126 | 108 |
Other | 269 | 186 |
Total noninterest expenses | 1,879 | 1,492 |
Earnings before income taxes | 585 | 693 |
Income taxes | 203 | 244 |
Net earnings | $ 382 | $ 449 |
Basic earnings per share | $ 0.19 | $ 0.23 |
Diluted earnings per share | 0.19 | 0.23 |
Cash dividends per common share | $ 0.05 | $ 0 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Statement of Comprehensive Income [Abstract] | ||
Net earnings | $ 382 | $ 449 |
Change in unrealized gain on securities: | ||
Unrealized gain arising during the period | 514 | 389 |
Reclassification adjustment for realized gain | (15) | (42) |
Net change in unrealized gain | 499 | 347 |
Deferred income taxes on above change | (184) | (128) |
Total other comprehensive income | 315 | 219 |
Comprehensive income | $ 697 | $ 668 |
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 Income [Member] |
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 | ||||
Net earnings (unaudited) | 449 | $ 0 | 0 | 449 | 0 |
Net change in unrealized gain on securities available for sale, net of income taxes (unaudited) | 219 | 0 | 0 | 0 | 219 |
Stock options exercised (unaudited), Value | $ 11 | $ 0 | 11 | 0 | 0 |
Stock options exercised (unaudited), Shares | 1,100 | 1,100 | |||
Common stock issued as compensation to directors (unaudited), Value | $ 10 | $ 0 | 10 | 0 | 0 |
Common stock issued as compensation to directors (unaudited), Shares | 817 | ||||
Ending Balance (unaudited), Value at Mar. 31, 2015 | 23,556 | $ 19 | 20,077 | 3,187 | 273 |
Ending Balance (unaudited), Shares at Mar. 31, 2015 | 1,943,534 | ||||
Beginning Balance, Value at Dec. 31, 2015 | $ 24,933 | $ 20 | 20,415 | 4,442 | 56 |
Beginning Balance, Shares at Dec. 31, 2015 | 1,975,329 | 1,975,329 | |||
Net earnings (unaudited) | $ 382 | $ 0 | 0 | 382 | 0 |
Dividend paid (unaudited) | (99) | 0 | 0 | (99) | 0 |
Net change in unrealized gain on securities available for sale, net of income taxes (unaudited) | 315 | 0 | 0 | 0 | 315 |
Common stock issued as compensation to directors (unaudited), Value | 10 | $ 0 | 10 | 0 | 0 |
Common stock issued as compensation to directors (unaudited), Shares | 770 | ||||
Ending Balance (unaudited), Value at Mar. 31, 2016 | $ 25,541 | $ 20 | $ 20,425 | $ 4,725 | $ 371 |
Ending Balance (unaudited), Shares at Mar. 31, 2016 | 1,976,099 | 1,976,099 |
Condensed Consolidated Stateme7
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash flows from operating activities: | ||
Net earnings | $ 382 | $ 449 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||
Depreciation and amortization | 89 | 102 |
Provision for loan losses | 134 | 18 |
Net amortization of deferred loan fees | (26) | 133 |
Gain on sale of securities available for sale | (15) | (42) |
Amortization of premiums and discounts on securities available for sale | 105 | 108 |
Gain on sale of loans held for sale | (146) | (61) |
Proceeds from the sale of loans held for sale | 9,182 | 3,112 |
Loans originated as held for sale | (8,558) | (1,993) |
Stock issued as compensation | 10 | 10 |
Income from bank-owned life insurance | (13) | (12) |
Net decrease in accrued interest receivable | 13 | 54 |
Net decrease (increase) in other assets | 267 | (39) |
Net (decrease) increase in other liabilities and official checks | (268) | 623 |
Net cash provided by operating activities | 1,156 | 2,462 |
Cash flows from investing activities: | ||
Loan originations, net of principal repayments | (10,285) | (1,929) |
Purchase of securities available for sale | (3,637) | (3,443) |
Principal repayments of securities available for sale | 1,646 | 2,081 |
Proceeds from sale of securities available for sale | 2,330 | 2,039 |
Maturities and calls of securities available for sale | 17 | 0 |
Purchase of Federal Home Loan Bank stock | (31) | (3) |
Purchase of premises and equipment | (85) | (217) |
Net cash used in investing activities | (10,045) | (1,472) |
Cash flows from financing activities: | ||
Net increase in deposits | 19,338 | 8,840 |
Decrease in other borrowings | 0 | (43) |
Proceeds from stock options exercised | 0 | 11 |
Common stock dividends paid | (99) | 0 |
Net cash provided by financing activities | 19,239 | 8,808 |
Net increase in cash and cash equivalents | 10,350 | 9,798 |
Cash and cash equivalents at beginning of period | 8,429 | 7,555 |
Cash and cash equivalents at end of period | 18,779 | 17,353 |
Supplemental disclosure of cash flow information Cash paid during the period for: | ||
Interest | 193 | 164 |
Income taxes | 40 | 100 |
Noncash transactions- | ||
Accumulated other comprehensive income, net change in unrealized gain on sale of securities available for sale, net of taxes | $ 315 | $ 219 |
General
General | 3 Months Ended |
Mar. 31, 2016 | |
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 Company’s primary activity is the operation of the Bank. The Bank is a Florida state-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 three banking offices located in Tallahassee and Crawfordville, Florida and through its online banking platform. 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 March 31, 2016, and the results of operations for the three months ended March 31, 2016 and 2015. The results of operations for the three months ended March 31, 2016 are not necessarily indicative of the results to be expected for the full year. Comprehensive Income. Stock Based Compensation. Mortgage Banking Revenue. |
Securities Available for Sale
Securities Available for Sale | 3 Months Ended |
Mar. 31, 2016 | |
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 is as follows (in thousands): Amortized Gross Unrealized Gross Fair At March 31, 2016: U.S. Government agency securities $ 8,125 220 0 8,345 Municipal securities 9,465 241 (7 ) 9,699 Mortgage-backed securities 19,937 179 (44 ) 20,072 Total $ 37,527 640 (51 ) 38,116 At December 31, 2015: U.S. Government agency securities $ 8,376 61 (9 ) 8,428 Municipal securities 9,532 130 (54 ) 9,608 Mortgage-backed securities 20,065 52 (90 ) 20,027 Total $ 37,973 243 (153 ) 38,063 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 Unrealized Fair Gross Fair At March 31, 2016: Municipal securities $ 0 0 (7 ) 1,249 Mortgage-backed securities (15 ) 2,460 (29 ) 1,858 Total $ (15 ) 2,460 (36 ) 3,107 At December 31, 2015: U.S. Government agency securities $ (9 ) 1,616 0 0 Municipal securities (14 ) 1,620 (40 ) 1,224 Mortgage-backed securities (40 ) 10,803 (50 ) 2,018 Total $ (63 ) 14,039 (90 ) 3,242 The unrealized losses at March 31, 2016 on thirteen 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 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 March 31, 2016: U.S. Government agency securities $ 8,345 0 8,345 0 Municipal securities 9,699 0 9,699 0 Mortgage-backed securities 20,072 0 20,072 0 Total $ 38,116 0 38,116 0 At December 31, 2015: U.S. Government agency securities $ 8,428 0 8,428 0 Municipal securities 9,608 0 9,608 0 Mortgage-backed securities 20,027 0 20,027 0 Total $ 38,063 0 38,063 0 During the three months ended March 31, 2016 and 2015, 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 March 31, 2016: Due in one to five years $ 2,547 2,555 Due in five to ten years 11,124 11,445 Due after ten years 3,919 4,044 Mortgage-backed securities 19,937 20,072 Total $ 37,527 38,116 |
Loans
Loans | 3 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
Loans | (3) Loans The segments and classes of loans are as follows (in thousands): At March 31, At December 31, 2016 2015 Real estate mortgage loans: Commercial $ 58,239 57,847 Residential and home equity 73,439 69,817 Construction 17,559 17,493 Total real estate mortgage loans 149,237 145,157 Commercial loans 45,703 40,229 Consumer and other loans 4,605 3,877 Total loans 199,545 189,263 Add (deduct): Net deferred loan costs 313 286 Allowance for loan losses (2,605 ) (2,473 ) Loans, net $ 197,253 187,076 An analysis of the change in the allowance for loan losses follows (in thousands): Real Estate Mortgage Loans Total Commercial Residential Construction Commercial Loans Consumer and Other Loans Three-Month Period Ended March 31, 2016: Beginning balance $ 707 868 246 596 56 2,473 (Credit) Provision for loan losses (6 ) 40 2 94 4 134 Net (charge-offs) 0 0 0 0 (2 ) (2 ) Ending balance $ 701 908 248 690 58 2,605 Three-Month Period Ended March 31, 2015: Beginning balance $ 702 691 211 453 41 2,098 Provision for loan losses 0 5 0 4 9 18 Net (charge-offs) recoveries 0 0 0 0 0 0 Ending balance $ 702 696 211 457 50 2,116 At March 31, 2016: Individually evaluated for impairment: Recorded investment $ 0 0 0 133 0 133 Balance in allowance for loan losses $ 0 0 0 73 0 73 Collectively evaluated for impairment: Recorded investment $ 58,239 73,439 17,559 45,570 4,605 199,412 Balance in allowance for loan losses $ 701 908 248 617 58 2,532 At December 31, 2015: Individually evaluated for impairment: Recorded investment $ 0 0 0 137 7 144 Balance in allowance for loan losses $ 0 0 0 62 7 69 Collectively evaluated for impairment: Recorded investment $ 57,847 69,817 17,493 40,092 3,870 189,119 Balance in allowance for loan losses $ 707 868 246 534 49 2,404 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 Company identifies the portfolio segments and classes as follows: Real Estate Mortgage Loans. Commercial. Residential and Home Equity. Construction. Commercial Loans. 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 March 31, 2016: Real estate mortgage loans: Commercial $ 52,895 5,344 0 0 0 58,239 Residential and home equity 69,008 3,385 1,046 0 0 73,439 Construction 17,264 151 144 0 0 17,559 Commercial loans 45,366 192 145 0 0 45,703 Consumer and other loans 4,570 32 3 0 0 4,605 Total $ 189,103 9,104 1,338 0 0 199,545 At December 31, 2015: Real estate mortgage loans: Commercial $ 52,097 5,750 0 0 0 57,847 Residential and home equity 65,367 3,396 1,054 0 0 69,817 Construction 17,204 163 126 0 0 17,493 Commercial loans 39,607 461 161 0 0 40,229 Consumer and other loans 3,836 32 9 0 0 3,877 Total $ 178,111 9,802 1,350 0 0 189,263 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 creditworthiness 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 March 31, 2016, there was one loan past due thirty days or more but still accruing and two loans on nonaccrual. Age analysis of past-due loans is as follows (in thousands): 30-59 60-89 Days Past Due Accruing Loans Days Past Due Total Past Current Nonaccrual Total At March 31, 2016: Real estate mortgage loans: Commercial $ 659 0 0 0 57,580 0 58,239 Residential and home equity 0 0 0 0 73,439 0 73,439 Construction 0 0 0 0 17,559 0 17,559 Commercial loans 0 0 0 0 45,570 133 45,703 Consumer and other loans 0 0 0 0 4,605 0 4,605 Total $ 659 0 0 0 198,753 133 199,545 At December 31, 2015: Real estate mortgage loans: Commercial $ 0 0 0 0 57,847 0 57,847 Residential and home equity 0 0 0 0 69,817 0 69,817 Construction 0 0 0 0 17,493 0 17,493 Commercial loans 0 0 0 0 40,092 137 40,229 Consumer and other loans 0 0 0 0 3,877 0 3,877 Total $ 0 0 0 0 189,126 137 189,263 The following summarizes the amount of impaired loans (in thousands): With No Related With an Allowance Recorded Total Recorded Unpaid Principal Recorded Unpaid Principal Related Recorded Unpaid Related At March 31, 2016: Commercial loans $ 0 0 133 133 73 133 133 73 At December 31, 2015: Commercial loans $ 0 0 137 137 62 137 137 62 Consumer and other loans 0 0 7 7 7 7 7 7 Total $ 0 0 144 144 69 144 144 69 The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows (in thousands): Three Months Ended March 31, 2016 2015 Average Interest Interest Average Interest Interest Commercial loans $ 146 1 1 221 1 1 Consumer & Other 0 0 0 11 0 0 Total $ 146 1 1 232 1 1 There were no collateral dependent loans measured at fair value on a nonrecurring basis at March 31, 2016 or December 31, 2015. |
Regulatory Capital
Regulatory Capital | 3 Months Ended |
Mar. 31, 2016 | |
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 not applied to bank holding companies, 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 1,250%) 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, and qualifying minority interests, less applicable regulatory adjustments and deductions that include Accumulated Other Comprehensive Income (“AOCI”). 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 March 31, 2016 of the regulatory capital requirements to be considered “well-capitalized” and the Bank’s capital position. (dollars in thousands) Actual For Capital Adequacy Purposes For Well Capitalized Amount Percentage Amount Percentage Amount Percentage As of March 31, 2016: Tier 1 Leverage Capital Ratio $ 23,970 9.36 % $ 10,246 4.00 % $ 12,807 5.00 % Common Equity Tier 1 Risk-Based Capital Ratio 23,970 12.25 8,804 4.50 12,717 6.50 Tier 1 Risk-Based Capital Ratio 23,970 12.25 11,738 6.00 15,651 8.00 Total Risk-Based Capital Ratio 26,417 13.50 15,651 8.00 19,564 10.00 As of December 31, 2015: Tier 1 Leverage Capital Ratio $ 23,511 9.48 % $ 9,918 4.00 % $ 12,398 5.00 % Common Equity Tier 1 Risk-Based Capital Ratio 23,511 12.79 8,269 4.50 11,945 6.50 Tier 1 Risk-Based Capital Ratio 23,511 12.79 11,026 6.00 14,701 8.00 Total Risk-Based Capital Ratio 25,810 14.05 14,701 8.00 18,377 10.00 At March 31, 2016, the Bank was well-capitalized with all capital ratios exceeding the well-capitalized requirement. |
Earnings Per Share
Earnings Per Share | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | (5) Earnings Per Share Earnings per share, (“EPS”) have been computed on the basis of the weighted-average number of shares of common stock outstanding. For the three months ended March 31, 2016 and 2015, outstanding stock options are considered dilutive securities for purposes of calculating diluted EPS which was computed using the treasury stock method (dollars in thousands, except per share amounts): 2016 2015 Earnings Weighted- Average Shares Per Share Amount Earnings Weighted- Average Shares Per Share Amount Three Months Ended March 31: Basic EPS: Net earnings $ 382 1,975,972 $ 0.19 $ 449 1,943,215 $ 0.23 Effect of dilutive securities-Incremental shares from assumed conversion of options 3,871 4,055 Diluted EPS: Net earnings $ 382 1,979,843 $ 0.19 $ 449 1,947,270 $ 0.23 |
Stock Option Plans
Stock Option Plans | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Stock Option Plans | (6) Stock Option Plans The 2015 Stock Incentive Compensation Plan (the “2015 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 the 2015 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 March 31, 2016, no stock options, stock appreciation rights, performance shares, or phantom stock shares have been issued under the 2015 Plan. As of May 20, 2015, no further grants will be made under the 2007 Stock Option Plan (the “2007 Plan”). Unexercised stock options that were granted under the 2007 Plan will remain outstanding and will expire under the terms of the individual stock grant. A summary of the activity in the 2007 Plan is as follows: Number of Weighted- Weighted- Aggregate Outstanding at December 31, 2014 108,400 $ 10.01 Options exercised (1,100 ) 10.00 Outstanding at March 31, 2015 107,300 $ 10.02 Outstanding at December 31, 2015 75,500 10.19 Outstanding at March 31, 2016 75,500 $ 10.19 3.0 years Exercisable at March 31, 2016 74,300 $ 10.18 3.0 years $ 306,116 At March 31, 2016, there was $1,000 of total unrecognized compensation expense related to nonvested share-based compensation arrangements granted under the 2007 Plan. The fair value of the options granted is expected to be recognized over a weighted-average period of 19 months. The fair value of shares vested and recognized as compensation expense was $0 for the three months ended March 31, 2016 and 2015. |
Federal Home Loan Bank Advances
Federal Home Loan Bank Advances | 3 Months Ended |
Mar. 31, 2016 | |
Federal Home Loan Banks [Abstract] | |
Federal Home Loan Bank Advances | (7) Federal Home Loan Bank Advances Federal Home Loan Bank (“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 $36.6 million at March 31, 2016. At March 31, 2016, the Company had no advances from the FHLB. |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 3 Months Ended |
Mar. 31, 2016 | |
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 March 31, 2016 At December 31, 2015 Level Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: Cash and cash equivalents 1 $ 18,779 18,779 8,429 8,429 Securities available for sale 2 38,116 38,116 38,063 38,063 Loans held for sale 3 2,244 2,322 2,722 2,791 Loans, net 3 197,253 194,573 187,076 188,784 Federal Home Loan Bank stock 3 220 220 189 189 Accrued interest receivable 3 679 679 692 692 Bank-owned life insurance 3 1,675 1,675 1,662 1,662 Financial liabilities-Deposits 3 236,911 236,974 217,573 217,652 Off balance-sheet financial instruments 3 0 0 0 0 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, 2015. |
Off-Balance Sheet Financial Ins
Off-Balance Sheet Financial Instruments | 3 Months Ended |
Mar. 31, 2016 | |
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 commitments to extend credit, 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 creditworthiness on a case-by-case 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 March 31, 2016 are as follows (in thousands): Commitments to extend credit $ 3,413 Construction loans in process $ 10,411 Unused lines of credit $ 27,276 Standby letters of credit $ 1,208 Guaranteed accounts $ 770 |
Reclassification
Reclassification | 3 Months Ended |
Mar. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Reclassification | (10) Reclassification Certain noninterest expenses were reclassified from occupancy and equipment to software maintenance, amortization, and other for the three months ended March 31, 2015 to conform to March 31, 2016 presentation. The reclassification of expenses had no effect on net earnings. |
General (Policies)
General (Policies) | 3 Months Ended |
Mar. 31, 2016 | |
Accounting Policies [Abstract] | |
Comprehensive Income | Comprehensive Income. |
Stock Based Compensation | Stock Based Compensation. |
Mortgage Banking Revenue | Mortgage Banking Revenue. |
Securities Available for Sale (
Securities Available for Sale (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
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 is as follows (in thousands): Amortized Gross Unrealized Gross Fair At March 31, 2016: U.S. Government agency securities $ 8,125 220 0 8,345 Municipal securities 9,465 241 (7 ) 9,699 Mortgage-backed securities 19,937 179 (44 ) 20,072 Total $ 37,527 640 (51 ) 38,116 At December 31, 2015: U.S. Government agency securities $ 8,376 61 (9 ) 8,428 Municipal securities 9,532 130 (54 ) 9,608 Mortgage-backed securities 20,065 52 (90 ) 20,027 Total $ 37,973 243 (153 ) 38,063 |
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 Unrealized Fair Gross Fair At March 31, 2016: Municipal securities $ 0 0 (7 ) 1,249 Mortgage-backed securities (15 ) 2,460 (29 ) 1,858 Total $ (15 ) 2,460 (36 ) 3,107 At December 31, 2015: U.S. Government agency securities $ (9 ) 1,616 0 0 Municipal securities (14 ) 1,620 (40 ) 1,224 Mortgage-backed securities (40 ) 10,803 (50 ) 2,018 Total $ (63 ) 14,039 (90 ) 3,242 |
Securities Available for Sale Measured at Fair Value on Recurring Basis | Securities 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 March 31, 2016: U.S. Government agency securities $ 8,345 0 8,345 0 Municipal securities 9,699 0 9,699 0 Mortgage-backed securities 20,072 0 20,072 0 Total $ 38,116 0 38,116 0 At December 31, 2015: U.S. Government agency securities $ 8,428 0 8,428 0 Municipal securities 9,608 0 9,608 0 Mortgage-backed securities 20,027 0 20,027 0 Total $ 38,063 0 38,063 0 |
Scheduled Maturities of Securities with Fair Value and Amortized Cost | The scheduled maturities of securities are as follows (in thousands): Amortized Fair At March 31, 2016: Due in one to five years $ 2,547 2,555 Due in five to ten years 11,124 11,445 Due after ten years 3,919 4,044 Mortgage-backed securities 19,937 20,072 Total $ 37,527 38,116 |
Loans (Tables)
Loans (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Receivables [Abstract] | |
Segments and Classes of Loans | The segments and classes of loans are as follows (in thousands): At March 31, At December 31, 2016 2015 Real estate mortgage loans: Commercial $ 58,239 57,847 Residential and home equity 73,439 69,817 Construction 17,559 17,493 Total real estate mortgage loans 149,237 145,157 Commercial loans 45,703 40,229 Consumer and other loans 4,605 3,877 Total loans 199,545 189,263 Add (deduct): Net deferred loan costs 313 286 Allowance for loan losses (2,605 ) (2,473 ) Loans, net $ 197,253 187,076 |
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 Total Commercial Residential Construction Commercial Loans Consumer and Other Loans Three-Month Period Ended March 31, 2016: Beginning balance $ 707 868 246 596 56 2,473 (Credit) Provision for loan losses (6 ) 40 2 94 4 134 Net (charge-offs) 0 0 0 0 (2 ) (2 ) Ending balance $ 701 908 248 690 58 2,605 Three-Month Period Ended March 31, 2015: Beginning balance $ 702 691 211 453 41 2,098 Provision for loan losses 0 5 0 4 9 18 Net (charge-offs) recoveries 0 0 0 0 0 0 Ending balance $ 702 696 211 457 50 2,116 At March 31, 2016: Individually evaluated for impairment: Recorded investment $ 0 0 0 133 0 133 Balance in allowance for loan losses $ 0 0 0 73 0 73 Collectively evaluated for impairment: Recorded investment $ 58,239 73,439 17,559 45,570 4,605 199,412 Balance in allowance for loan losses $ 701 908 248 617 58 2,532 At December 31, 2015: Individually evaluated for impairment: Recorded investment $ 0 0 0 137 7 144 Balance in allowance for loan losses $ 0 0 0 62 7 69 Collectively evaluated for impairment: Recorded investment $ 57,847 69,817 17,493 40,092 3,870 189,119 Balance in allowance for loan losses $ 707 868 246 534 49 2,404 |
Summary of Loan Credit Quality | The following summarizes the loan credit quality (in thousands): Pass Special Substandard Doubtful Loss Total At March 31, 2016: Real estate mortgage loans: Commercial $ 52,895 5,344 0 0 0 58,239 Residential and home equity 69,008 3,385 1,046 0 0 73,439 Construction 17,264 151 144 0 0 17,559 Commercial loans 45,366 192 145 0 0 45,703 Consumer and other loans 4,570 32 3 0 0 4,605 Total $ 189,103 9,104 1,338 0 0 199,545 At December 31, 2015: Real estate mortgage loans: Commercial $ 52,097 5,750 0 0 0 57,847 Residential and home equity 65,367 3,396 1,054 0 0 69,817 Construction 17,204 163 126 0 0 17,493 Commercial loans 39,607 461 161 0 0 40,229 Consumer and other loans 3,836 32 9 0 0 3,877 Total $ 178,111 9,802 1,350 0 0 189,263 |
Summary of Past Due Loans | Age analysis of past-due loans is as follows (in thousands): 30-59 60-89 Days Past Due Accruing Loans Days Past Due Total Past Current Nonaccrual Total At March 31, 2016: Real estate mortgage loans: Commercial $ 659 0 0 0 57,580 0 58,239 Residential and home equity 0 0 0 0 73,439 0 73,439 Construction 0 0 0 0 17,559 0 17,559 Commercial loans 0 0 0 0 45,570 133 45,703 Consumer and other loans 0 0 0 0 4,605 0 4,605 Total $ 659 0 0 0 198,753 133 199,545 At December 31, 2015: Real estate mortgage loans: Commercial $ 0 0 0 0 57,847 0 57,847 Residential and home equity 0 0 0 0 69,817 0 69,817 Construction 0 0 0 0 17,493 0 17,493 Commercial loans 0 0 0 0 40,092 137 40,229 Consumer and other loans 0 0 0 0 3,877 0 3,877 Total $ 0 0 0 0 189,126 137 189,263 |
Summary of Impaired Loans | The following summarizes the amount of impaired loans (in thousands): With No Related With an Allowance Recorded Total Recorded Unpaid Principal Recorded Unpaid Principal Related Recorded Unpaid Related At March 31, 2016: Commercial loans $ 0 0 133 133 73 133 133 73 At December 31, 2015: Commercial loans $ 0 0 137 137 62 137 137 62 Consumer and other loans 0 0 7 7 7 7 7 7 Total $ 0 0 144 144 69 144 144 69 |
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 March 31, 2016 2015 Average Interest Interest Average Interest Interest Commercial loans $ 146 1 1 221 1 1 Consumer & Other 0 0 0 11 0 0 Total $ 146 1 1 232 1 1 |
Regulatory Capital (Tables)
Regulatory Capital (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Banking and Thrift [Abstract] | |
Summary of Regulatory Capital Requirements and Bank's Capital Position | The following is a summary at March 31, 2016 of the regulatory capital requirements to be considered “well-capitalized” and the Bank’s capital position. (dollars in thousands) Actual For Capital Adequacy Purposes For Well Capitalized Amount Percentage Amount Percentage Amount Percentage As of March 31, 2016: Tier 1 Leverage Capital Ratio $ 23,970 9.36 % $ 10,246 4.00 % $ 12,807 5.00 % Common Equity Tier 1 Risk-Based Capital Ratio 23,970 12.25 8,804 4.50 12,717 6.50 Tier 1 Risk-Based Capital Ratio 23,970 12.25 11,738 6.00 15,651 8.00 Total Risk-Based Capital Ratio 26,417 13.50 15,651 8.00 19,564 10.00 As of December 31, 2015: Tier 1 Leverage Capital Ratio $ 23,511 9.48 % $ 9,918 4.00 % $ 12,398 5.00 % Common Equity Tier 1 Risk-Based Capital Ratio 23,511 12.79 8,269 4.50 11,945 6.50 Tier 1 Risk-Based Capital Ratio 23,511 12.79 11,026 6.00 14,701 8.00 Total Risk-Based Capital Ratio 25,810 14.05 14,701 8.00 18,377 10.00 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Computation of Basic and Diluted Earnings Per Common Share | For the three months ended March 31, 2016 and 2015, outstanding stock options are considered dilutive securities for purposes of calculating diluted EPS which was computed using the treasury stock method (dollars in thousands, except per share amounts): 2016 2015 Earnings Weighted- Average Shares Per Share Amount Earnings Weighted- Average Shares Per Share Amount Three Months Ended March 31: Basic EPS: Net earnings $ 382 1,975,972 $ 0.19 $ 449 1,943,215 $ 0.23 Effect of dilutive securities-Incremental shares from assumed conversion of options 3,871 4,055 Diluted EPS: Net earnings $ 382 1,979,843 $ 0.19 $ 449 1,947,270 $ 0.23 |
Stock Option Plans (Tables)
Stock Option Plans (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |
Summary of Stock Option Activity | A summary of the activity in the 2007 Plan is as follows: Number of Weighted- Weighted- Aggregate Outstanding at December 31, 2014 108,400 $ 10.01 Options exercised (1,100 ) 10.00 Outstanding at March 31, 2015 107,300 $ 10.02 Outstanding at December 31, 2015 75,500 10.19 Outstanding at March 31, 2016 75,500 $ 10.19 3.0 years Exercisable at March 31, 2016 74,300 $ 10.18 3.0 years $ 306,116 |
Fair Value of Financial Instr24
Fair Value of Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
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 March 31, 2016 At December 31, 2015 Level Carrying Amount Fair Value Carrying Amount Fair Value Financial assets: Cash and cash equivalents 1 $ 18,779 18,779 8,429 8,429 Securities available for sale 2 38,116 38,116 38,063 38,063 Loans held for sale 3 2,244 2,322 2,722 2,791 Loans, net 3 197,253 194,573 187,076 188,784 Federal Home Loan Bank stock 3 220 220 189 189 Accrued interest receivable 3 679 679 692 692 Bank-owned life insurance 3 1,675 1,675 1,662 1,662 Financial liabilities-Deposits 3 236,911 236,974 217,573 217,652 Off balance-sheet financial instruments 3 0 0 0 0 |
Off-Balance Sheet Financial I25
Off-Balance Sheet Financial Instruments (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
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 March 31, 2016 are as follows (in thousands): Commitments to extend credit $ 3,413 Construction loans in process $ 10,411 Unused lines of credit $ 27,276 Standby letters of credit $ 1,208 Guaranteed accounts $ 770 |
General - Additional Informatio
General - Additional Information (Detail) | 3 Months Ended |
Mar. 31, 2016Office | |
Accounting Policies [Abstract] | |
Percent of outstanding common stock owns | 100.00% |
Number of banking offices | 3 |
Securities Available for Sale -
Securities Available for Sale - Summary of Carrying Amount and Fair Values of Securities (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 37,527 | $ 37,973 |
Gross Unrealized Gains | 640 | 243 |
Gross Unrealized Losses | (51) | (153) |
Fair Value | 38,116 | 38,063 |
US Government Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 8,125 | 8,376 |
Gross Unrealized Gains | 220 | 61 |
Gross Unrealized Losses | 0 | (9) |
Fair Value | 8,345 | 8,428 |
Municipal Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 9,465 | 9,532 |
Gross Unrealized Gains | 241 | 130 |
Gross Unrealized Losses | (7) | (54) |
Fair Value | 9,699 | 9,608 |
Mortgage-backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 19,937 | 20,065 |
Gross Unrealized Gains | 179 | 52 |
Gross Unrealized Losses | (44) | (90) |
Fair Value | $ 20,072 | $ 20,027 |
Securities Available for Sale28
Securities Available for Sale - Summary of Securities in Continuous Unrealized Loss Position (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | $ (15) | $ (63) |
Fair Value, Less Than Twelve Months | 2,460 | 14,039 |
Gross Unrealized Losses, Over Twelve Months | (36) | (90) |
Fair Value, Over Twelve Months | 3,107 | 3,242 |
US Government Agency Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | (9) | |
Fair Value, Less Than Twelve Months | 1,616 | |
Gross Unrealized Losses, Over Twelve Months | 0 | |
Fair Value, Over Twelve Months | 0 | |
Municipal Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | 0 | (14) |
Fair Value, Less Than Twelve Months | 0 | 1,620 |
Gross Unrealized Losses, Over Twelve Months | (7) | (40) |
Fair Value, Over Twelve Months | 1,249 | 1,224 |
Mortgage-backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Gross Unrealized Losses, Less Than Twelve Months | (15) | (40) |
Fair Value, Less Than Twelve Months | 2,460 | 10,803 |
Gross Unrealized Losses, Over Twelve Months | (29) | (50) |
Fair Value, Over Twelve Months | $ 1,858 | $ 2,018 |
Securities Available for Sale29
Securities Available for Sale - Additional Information (Detail) | 3 Months Ended | |
Mar. 31, 2016USD ($)Securities | Mar. 31, 2015USD ($) | |
Investments, Debt and Equity Securities [Abstract] | ||
Number of securities in unrealized loss | Securities | 13 | |
Securities transferred in or out of Level 1, Level 2 or Level 3 | $ | $ 0 | $ 0 |
Securities Available for Sale30
Securities Available for Sale - Securities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | $ 38,116 | $ 38,063 |
US Government Agency Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 8,345 | 8,428 |
Municipal Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 9,699 | 9,608 |
Mortgage-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 20,072 | 20,027 |
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 | 38,116 | 38,063 |
Level 2 [Member] | US Government Agency Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 8,345 | 8,428 |
Level 2 [Member] | Municipal Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 9,699 | 9,608 |
Level 2 [Member] | Mortgage-backed Securities [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair Value | 20,072 | 20,027 |
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 Sale31
Securities Available for Sale - Scheduled Maturities of Securities with Fair Value and Amortized Cost (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Investments, Debt and Equity Securities [Abstract] | ||
Due in one to five years, Amortized cost | $ 2,547 | |
Due in five to ten years, Amortized cost | 11,124 | |
Due after ten years, Amortized cost | 3,919 | |
Mortgage-backed securities, Amortized cost | 19,937 | |
Total | 37,527 | |
Due in one to five years, Fair value | 2,555 | |
Due in five to ten years, Fair value | 11,445 | |
Due after ten years, Fair value | 4,044 | |
Mortgage-backed securities, Fair value | 20,072 | |
Total | $ 38,116 | $ 38,063 |
Loans - Segments and Classes of
Loans - Segments and Classes of Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | $ 199,545 | $ 189,263 | ||
Net deferred loan costs | 313 | 286 | ||
Allowance for loan losses | (2,605) | (2,473) | $ (2,116) | $ (2,098) |
Loans, net | 197,253 | 187,076 | ||
Mortgage Receivable [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 149,237 | 145,157 | ||
Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 58,239 | 57,847 | ||
Allowance for loan losses | (701) | (707) | (702) | (702) |
Mortgage Receivable [Member] | Residential and Home Equity Real Estate Mortgage Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 73,439 | 69,817 | ||
Allowance for loan losses | (908) | (868) | (696) | (691) |
Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 17,559 | 17,493 | ||
Allowance for loan losses | (248) | (246) | (211) | (211) |
Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 45,703 | 40,229 | ||
Allowance for loan losses | (690) | (596) | (457) | (453) |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||||
Total loans | 4,605 | 3,877 | ||
Allowance for loan losses | $ (58) | $ (56) | $ (50) | $ (41) |
Loans - Summary of Changes in A
Loans - Summary of Changes in Allowance for Loan Losses (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | $ 2,473 | $ 2,098 | |
(Credit) Provision for loan losses | 134 | 18 | |
Net (charge-offs) recoveries | (2) | 0 | |
Ending balance | 2,605 | 2,116 | |
Individually evaluated for impairment: | |||
Recorded investment | 133 | $ 144 | |
Balance in allowance for loan losses | 73 | 69 | |
Collectively evaluated for impairment: | |||
Recorded investment | 199,412 | 189,119 | |
Balance in allowance for loan losses | 2,532 | 2,404 | |
Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 707 | 702 | |
(Credit) Provision for loan losses | (6) | 0 | |
Net (charge-offs) recoveries | 0 | 0 | |
Ending balance | 701 | 702 | |
Individually evaluated for impairment: | |||
Recorded investment | 0 | 0 | |
Balance in allowance for loan losses | 0 | 0 | |
Collectively evaluated for impairment: | |||
Recorded investment | 58,239 | 57,847 | |
Balance in allowance for loan losses | 701 | 707 | |
Mortgage Receivable [Member] | Residential and Home Equity Real Estate Mortgage Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 868 | 691 | |
(Credit) Provision for loan losses | 40 | 5 | |
Net (charge-offs) recoveries | 0 | 0 | |
Ending balance | 908 | 696 | |
Individually evaluated for impairment: | |||
Recorded investment | 0 | 0 | |
Balance in allowance for loan losses | 0 | 0 | |
Collectively evaluated for impairment: | |||
Recorded investment | 73,439 | 69,817 | |
Balance in allowance for loan losses | 908 | 868 | |
Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 246 | 211 | |
(Credit) Provision for loan losses | 2 | 0 | |
Net (charge-offs) recoveries | 0 | 0 | |
Ending balance | 248 | 211 | |
Individually evaluated for impairment: | |||
Recorded investment | 0 | 0 | |
Balance in allowance for loan losses | 0 | 0 | |
Collectively evaluated for impairment: | |||
Recorded investment | 17,559 | 17,493 | |
Balance in allowance for loan losses | 248 | 246 | |
Loans and Finance Receivables [Member] | |||
Individually evaluated for impairment: | |||
Balance in allowance for loan losses | 69 | ||
Loans and Finance Receivables [Member] | Commercial Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 596 | 453 | |
(Credit) Provision for loan losses | 94 | 4 | |
Net (charge-offs) recoveries | 0 | 0 | |
Ending balance | 690 | 457 | |
Individually evaluated for impairment: | |||
Recorded investment | 133 | 137 | |
Balance in allowance for loan losses | 73 | 62 | |
Collectively evaluated for impairment: | |||
Recorded investment | 45,570 | 40,092 | |
Balance in allowance for loan losses | 617 | 534 | |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Beginning balance | 56 | 41 | |
(Credit) Provision for loan losses | 4 | 9 | |
Net (charge-offs) recoveries | (2) | 0 | |
Ending balance | 58 | $ 50 | |
Individually evaluated for impairment: | |||
Recorded investment | 0 | 7 | |
Balance in allowance for loan losses | 0 | 7 | |
Collectively evaluated for impairment: | |||
Recorded investment | 4,605 | 3,870 | |
Balance in allowance for loan losses | $ 58 | $ 49 |
Loans - Additional Information
Loans - Additional Information (Detail) | 3 Months Ended | |
Mar. 31, 2016USD ($)SecurityLoanClassSegment | Dec. 31, 2015USD ($) | |
Financing Receivable, Impaired [Line Items] | ||
Number of loan portfolio | Segment | 3 | |
Number of loan portfolio class | Class | 5 | |
Financing receivable, recorded investment, 30 days past due and still accruing | SecurityLoan | 1 | |
Financing receivable, recorded investment, nonaccrual status | SecurityLoan | 2 | |
Impaired Loans [Member] | Collateral Pledged [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 | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | $ 199,545 | $ 189,263 |
Mortgage Receivable [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 149,237 | 145,157 |
Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 58,239 | 57,847 |
Mortgage Receivable [Member] | Residential and Home Equity Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 73,439 | 69,817 |
Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 17,559 | 17,493 |
Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 45,703 | 40,229 |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 4,605 | 3,877 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 189,103 | 178,111 |
Pass [Member] | Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 52,895 | 52,097 |
Pass [Member] | Mortgage Receivable [Member] | Residential and Home Equity Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 69,008 | 65,367 |
Pass [Member] | Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 17,264 | 17,204 |
Pass [Member] | Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 45,366 | 39,607 |
Pass [Member] | Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 4,570 | 3,836 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 9,104 | 9,802 |
Special Mention [Member] | Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 5,344 | 5,750 |
Special Mention [Member] | Mortgage Receivable [Member] | Residential and Home Equity Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 3,385 | 3,396 |
Special Mention [Member] | Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 151 | 163 |
Special Mention [Member] | Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 192 | 461 |
Special Mention [Member] | Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 32 | 32 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 1,338 | 1,350 |
Substandard [Member] | Mortgage Receivable [Member] | Commercial Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 0 | 0 |
Substandard [Member] | Mortgage Receivable [Member] | Residential and Home Equity Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 1,046 | 1,054 |
Substandard [Member] | Mortgage Receivable [Member] | Construction Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 144 | 126 |
Substandard [Member] | Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 145 | 161 |
Substandard [Member] | Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans by credit quality | 3 | 9 |
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 and Home Equity Real Estate Mortgage Loans [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 and Home Equity Real Estate Mortgage Loans [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 | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | $ 0 | $ 0 |
Current | 198,753 | 189,126 |
Nonaccrual Loans | 133 | 137 |
Total Loans | 199,545 | 189,263 |
30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 659 | 0 |
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 | 149,237 | 145,157 |
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 | 57,580 | 57,847 |
Nonaccrual Loans | 0 | 0 |
Total Loans | 58,239 | 57,847 |
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 | 659 | 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 and Home Equity Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Current | 73,439 | 69,817 |
Nonaccrual Loans | 0 | 0 |
Total Loans | 73,439 | 69,817 |
Mortgage Receivable [Member] | Residential and Home Equity 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] | Residential and Home Equity 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] | Residential and Home Equity 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] | Construction Real Estate Mortgage Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Accruing Loans Total Past Due | 0 | 0 |
Current | 17,559 | 17,493 |
Nonaccrual Loans | 0 | 0 |
Total Loans | 17,559 | 17,493 |
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 | 0 |
Current | 45,570 | 40,092 |
Nonaccrual Loans | 133 | 137 |
Total Loans | 45,703 | 40,229 |
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 | 0 |
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 | 4,605 | 3,877 |
Nonaccrual Loans | 0 | 0 |
Total Loans | 4,605 | 3,877 |
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 | Mar. 31, 2016 | Dec. 31, 2015 |
Financing Receivable, Impaired [Line Items] | ||
With an Allowance Recorded Related Allowance | $ 73 | $ 69 |
Loans and Finance Receivables [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With No Related Allowing Recorded Investment | 0 | |
With No Related Allowing Unpaid Contractual Principal Balance | 0 | |
With an Allowance Recorded Investment | 144 | |
With an Allowance Recorded Unpaid Contractual Principal Balance | 144 | |
With an Allowance Recorded Related Allowance | 69 | |
Recorded Investment | 144 | |
Unpaid Contractual Principal Balance | 144 | |
Related Allowance | 69 | |
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 | 133 | 137 |
With an Allowance Recorded Unpaid Contractual Principal Balance | 133 | 137 |
With an Allowance Recorded Related Allowance | 73 | 62 |
Recorded Investment | 133 | 137 |
Unpaid Contractual Principal Balance | 133 | 137 |
Related Allowance | 73 | 62 |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
With No Related Allowing Recorded Investment | 0 | |
With No Related Allowing Unpaid Contractual Principal Balance | 0 | |
With an Allowance Recorded Investment | 7 | |
With an Allowance Recorded Unpaid Contractual Principal Balance | 7 | |
With an Allowance Recorded Related Allowance | $ 0 | 7 |
Recorded Investment | 7 | |
Unpaid Contractual Principal Balance | 7 | |
Related Allowance | $ 7 |
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 | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Financing Receivable, Impaired [Line Items] | ||
Average Recorded Investment | $ 146 | $ 232 |
Interest Income Recognized | 1 | 1 |
Interest Income Received | 1 | 1 |
Loans and Finance Receivables [Member] | Commercial Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Recorded Investment | 146 | 221 |
Interest Income Recognized | 1 | 1 |
Interest Income Received | 1 | 1 |
Loans and Finance Receivables [Member] | Consumer and Other Loans [Member] | ||
Financing Receivable, Impaired [Line Items] | ||
Average Recorded Investment | 0 | 11 |
Interest Income Recognized | 0 | 0 |
Interest Income Received | $ 0 | $ 0 |
Regulatory Capital - Additional
Regulatory Capital - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2015 | |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ||
Total Assets | $ 263,722 | $ 244,044 |
Capital to risk weighted assets | 13.50% | 14.05% |
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 | 1250.00% |
Regulatory Capital - Summary of
Regulatory Capital - Summary of Regulatory Capital Requirements and Bank's Capital Position (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Banking and Thrift [Abstract] | ||
Tier 1 Leverage Capital Ratio, Actual amount | $ 23,970 | $ 23,511 |
Tier 1 Leverage Capital Ratio, Actual Percentage | 9.36% | 9.48% |
Tier 1 Leverage Capital Ratio, For Capital Adequacy Purposes, Amount | $ 10,246 | $ 9,918 |
Tier 1 Leverage Capital Ratio, For Capital Adequacy Purposes, Percentage | 4.00% | 4.00% |
Tier 1 Leverage Capital Ratio, For Well Capitalized Purposes, Amount | $ 12,807 | $ 12,398 |
Tier 1 Leverage Capital Ratio, For Well Capitalized Purposes, Percentage | 5.00% | 5.00% |
Common Equity Tier 1 Risk-Based Capital Ratio, Actual Amount | $ 23,970 | $ 23,511 |
Common Equity Tier 1 Risk-Based Capital Ratio, Actual Percentage | 12.25% | 12.79% |
Common Equity Tier 1 Risk-Based Capital Ratio, For Capital Adequacy Purposes, Amount | $ 8,804 | $ 8,269 |
Common Equity Tier 1 Risk-Based Capital Ratio, For Capital Adequacy Purposes, Percentage | 4.50% | 4.50% |
Common Equity Tier 1 Risk-Based Capital Ratio, For Well Capitalized Purposes, Amount | $ 12,717 | $ 11,945 |
Common Equity Tier 1 Risk-Based Capital Ratio, For Well Capitalized Purposes, Percentage | 6.50% | 6.50% |
Tier 1 Risk-Based Capital Ratio, Actual Amount | $ 23,970 | $ 23,511 |
Tier 1 Risk-Based Capital Ratio, Actual Percentage | 12.25% | 12.79% |
Tier 1 Risk-Based Capital Ratio, For Capital Adequacy Purposes, Amount | $ 11,738 | $ 11,026 |
Tier 1 Risk-Based Capital Ratio, For Capital Adequacy Purposes, Percentage | 6.00% | 6.00% |
Tier 1 Risk-Based Capital Ratio, For Well Capitalized Purposes, Amount | $ 15,651 | $ 14,701 |
Common Equity Tier 1 Risk-Based Capital Ratio, For Well Capitalized Purposes, Percentage | 8.00% | 8.00% |
Total Risk-Based Capital Ratio, Actual Amount | $ 26,417 | $ 25,810 |
Total Risk-Based Capital Ratio, Actual Percentage | 13.50% | 14.05% |
Total Risk-Based Capital Ratio, For Capital Adequacy Purposes, Amount | $ 15,651 | $ 14,701 |
Total Risk-Based Capital Ratio, For Capital Adequacy Purposes, Percentage | 8.00% | 8.00% |
Total Risk-Based Capital Ratio, For Well Capitalized Purposes, Amount | $ 19,564 | $ 18,377 |
Total Risk-Based Capital Ratio, For Well Capitalized Purposes, Percentage | 10.00% | 10.00% |
Earnings Per Share - Computatio
Earnings Per Share - Computation of Basic and Diluted Earnings Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Earnings Per Share [Abstract] | ||
Earnings | $ 382 | $ 449 |
Weighted-Average Shares | 1,975,972 | 1,943,215 |
Per Share Amount | $ 0.19 | $ 0.23 |
Effect of dilutive securities-Incremental shares from assumed conversion of options | 3,871 | 4,055 |
Earnings | $ 382 | $ 449 |
Weighted-Average Shares | 1,979,843 | 1,947,270 |
Per Share Amount | $ 0.19 | $ 0.23 |
Stock Option Plans - Additional
Stock Option Plans - Additional Information (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Stock-based compensation expense | $ 0 | $ 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 | 19 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 | $ 1,000 |
Stock Option Plans - Summary of
Stock Option Plans - Summary of Stock Option Activity (Detail) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||
Number of Options, Outstanding beginning balance | 75,500 | 108,400 |
Number of Options, exercised | (1,100) | |
Number of Options, Outstanding ending balance | 75,500 | 107,300 |
Number of Options, Exercisable ending balance | 74,300 | |
Weighted-Average Exercise Price, Outstanding beginning balance | $ 10.19 | $ 10.01 |
Weighted-Average Exercise Price, Options exercised | 10 | |
Weighted-Average Exercise Price, Outstanding ending balance | 10.19 | $ 10.02 |
Weighted-Average Exercise Price, Exercisable | $ 10.18 | |
Weighted-Average Remaining Contractual Term, Outstanding | 3 years | |
Weighted-Average Remaining Contractual Term, Exercisable | 3 years | |
Aggregate Intrinsic Value, Exercisable | $ 306,116 |
Federal Home Loan Bank Advanc44
Federal Home Loan Bank Advances - Additional Information (Detail) | Mar. 31, 2016USD ($) |
Advances from Federal Home Loan Banks [Abstract] | |
Maximum borrowing capacity under FHLB | $ 36,600,000 |
Federal Home Loan Bank advances | $ 0 |
Fair Value of Financial Instr45
Fair Value of Financial Instruments - Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2015 | Dec. 31, 2014 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents | $ 18,779 | $ 8,429 | $ 17,353 | $ 7,555 |
Securities available for sale | 38,116 | 38,063 | ||
Loans held for sale | 2,244 | 2,722 | ||
Loans, net | 197,253 | 187,076 | ||
Federal Home Loan Bank stock | 220 | 189 | ||
Accrued interest receivable | 679 | 692 | ||
Bank-owned life insurance | 1,675 | 1,662 | ||
Deposits | 236,911 | 217,573 | ||
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 | 38,116 | 38,063 | ||
Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Securities available for sale | 0 | 0 | ||
Estimated Fair Value [Member] | Level 1 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents | 18,779 | 8,429 | ||
Estimated Fair Value [Member] | Level 2 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Securities available for sale | 38,116 | 38,063 | ||
Estimated Fair Value [Member] | Level 3 [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Loans held for sale | 2,322 | 2,791 | ||
Loans, net | 194,573 | 188,784 | ||
Federal Home Loan Bank stock | 220 | 189 | ||
Accrued interest receivable | 679 | 692 | ||
Bank-owned life insurance | 1,675 | 1,662 | ||
Deposits | 236,974 | 217,652 | ||
Off-balance-sheet financial instruments | 0 | 0 | ||
Carrying Amount [Member] | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Cash and cash equivalents | 18,779 | 8,429 | ||
Securities available for sale | 38,116 | 38,063 | ||
Loans held for sale | 2,244 | 2,722 | ||
Loans, net | 197,253 | 187,076 | ||
Federal Home Loan Bank stock | 220 | 189 | ||
Accrued interest receivable | 679 | 692 | ||
Bank-owned life insurance | 1,675 | 1,662 | ||
Deposits | 236,911 | 217,573 | ||
Off-balance-sheet financial instruments | $ 0 | $ 0 |
Off-Balance-Sheet Financial Ins
Off-Balance-Sheet Financial Instruments - Additional Information (Detail) - Standby Letters of Credit [Member] | 3 Months Ended |
Mar. 31, 2016USD ($) | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Debt instrument maturity period | 1 year |
Collateral amount | $ 592,103 |
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 I47
Off-Balance-Sheet Financial Instruments - Summary of Contractual Amounts of Financial Instruments (Detail) | 3 Months Ended |
Mar. 31, 2016USD ($) | |
Commitments to Extend Credit [Member] | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Contractual amounts with off-balance-sheet risk | $ 3,413,000 |
Construction Loans in Process [Member] | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Contractual amounts with off-balance-sheet risk | 10,411,000 |
Unused Lines of Credit [Member] | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Contractual amounts with off-balance-sheet risk | 27,276,000 |
Standby Letters of Credit [Member] | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Contractual amounts with off-balance-sheet risk | 1,208,000 |
Guaranteed Accounts [Member] | |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | |
Contractual amounts with off-balance-sheet risk | $ 770,000 |