Document and Entity Information
Document and Entity Information - shares | 3 Months Ended | |
Mar. 31, 2019 | Apr. 29, 2019 | |
Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Mar. 31, 2019 | |
Document Fiscal Year Focus | 2019 | |
Document Fiscal Period Focus | Q1 | |
Entity Registrant Name | Riverview Financial Corp | |
Entity Central Index Key | 0001590799 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Non-accelerated Filer | |
Trading Symbol | RIVE | |
Entity Common Stock, Shares Outstanding | 9,154,982 | |
Entity Emerging Growth Company | false | |
Entity Small Business | true |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Assets: | ||
Cash and due from banks | $ 12,278 | $ 16,708 |
Interest-bearing deposits in other banks | 55,823 | 37,108 |
Investment securities available-for-sale | 100,684 | 104,677 |
Loans held for sale | 695 | 637 |
Loans, net | 878,070 | 893,184 |
Less: allowance for loan losses | 6,486 | 6,348 |
Net loans | 871,584 | 886,836 |
Premises and equipment, net | 18,355 | 18,208 |
Accrued interest receivable | 3,018 | 3,010 |
Goodwill | 24,754 | 24,754 |
Intangible assets | 3,315 | 3,509 |
Other assets | 48,206 | 42,156 |
Total assets | 1,138,712 | 1,137,603 |
Deposits: | ||
Noninterest-bearing | 164,880 | 162,574 |
Interest-bearing | 836,149 | 842,019 |
Total deposits | 1,001,029 | 1,004,593 |
Short-term borrowings | ||
Long-term debt | 6,912 | 6,892 |
Accrued interest payable | 475 | 484 |
Other liabilities | 16,806 | 11,724 |
Total liabilities | 1,025,222 | 1,023,693 |
Stockholders' equity: | ||
Common stock: no par value, authorized 20,000,000 shares; March 31, 2019, issued and outstanding 9,154,599 shares; December 31, 2018, issued and outstanding 9,121,555 shares | 101,500 | 101,134 |
Capital surplus | 307 | 332 |
Retained earnings | 13,461 | 15,063 |
Accumulated other comprehensive loss | (1,778) | (2,619) |
Total stockholders' equity | 113,490 | 113,910 |
Total liabilities and stockholders' equity | $ 1,138,712 | $ 1,137,603 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares | Mar. 31, 2019 | Dec. 31, 2018 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0 | $ 0 |
Common stock, shares authorized | 20,000,000 | 20,000,000 |
Common stock, shares issued | 9,154,599 | 9,121,555 |
Common stock, shares outstanding | 9,154,599 | 9,121,555 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | ||
Interest and fees on loans: | |||
Taxable | $ 10,688 | $ 12,241 | |
Tax-exempt | 230 | 234 | |
Interest and dividends on investment securities available-for-sale: | |||
Taxable | 740 | 523 | |
Tax-exempt | 69 | 82 | |
Interest on interest-bearing deposits in other banks | 231 | 79 | |
Interest on federal funds sold | 10 | ||
Total interest income | 11,958 | 13,169 | |
Interest expense: | |||
Interest on deposits | 2,073 | 1,554 | |
Interest on short-term borrowings | 30 | ||
Interest on long-term debt | 134 | 176 | |
Total interest expense | 2,207 | 1,760 | |
Net interest income | 9,751 | 11,409 | |
Provision for loan losses | 583 | 390 | |
Net interest income after provision for loan losses | 9,168 | 11,019 | |
Noninterest income: | |||
Bank owned life insurance investment income | 187 | 191 | |
Net loss on sale of investment securities available-for-sale | (42) | ||
Total noninterest income | 1,811 | 1,953 | |
Noninterest expense: | |||
Salaries and employee benefits expense | 7,510 | 5,322 | |
Net occupancy and equipment expense | 1,089 | 1,122 | |
Amortization of intangible assets | 194 | 221 | |
Net cost (benefit) of operation of other real estate owned | 127 | (1) | |
Other expenses | 3,044 | 2,872 | |
Total noninterest expense | 11,964 | 9,536 | |
Income (loss) before income taxes | (985) | 3,436 | |
Income tax expense (benefit) | (298) | 625 | |
Net income (loss) | (687) | 2,811 | |
Other comprehensive income (loss): | |||
Unrealized gain (loss) on investment securities available-for-sale | 1,023 | (1,075) | |
Reclassification adjustment for net loss on sale of investment securities available-for-sale included in net income | [1] | 42 | |
Income tax expense (benefit) related to other comprehensive income | 224 | (225) | |
Other comprehensive income (loss), net of income taxes | 841 | (850) | |
Comprehensive income (loss) | $ 154 | $ 1,961 | |
Net income: | |||
Basic | $ (0.08) | $ 0.31 | |
Diluted | $ (0.08) | $ 0.31 | |
Average common shares outstanding: | |||
Basic | 9,143,316 | 9,079,043 | |
Diluted | 9,143,316 | 9,137,706 | |
Dividends declared | $ 0.10 | ||
Service Charges, Fees and Commissions [Member] | |||
Noninterest income: | |||
Noninterest income | $ 1,053 | $ 1,228 | |
Commission and Fees on Fiduciary Activities [Member] | |||
Noninterest income: | |||
Noninterest income | 260 | 210 | |
Wealth Management Income [Member] | |||
Noninterest income: | |||
Noninterest income | 247 | 154 | |
Mortgage Banking Income [Member] | |||
Noninterest income: | |||
Noninterest income | $ 106 | $ 170 | |
[1] | Represents amounts reclassified out of accumulated other comprehensive income and included in net loss (gain) on sale of investment securities on the consolidated statements of income and comprehensive income. |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock [Member] | Capital Surplus [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Income (Loss) [Member] |
Balance at Dec. 31, 2017 | $ 106,256 | $ 100,476 | $ 423 | $ 6,936 | $ (1,579) |
Net income (loss) | 2,811 | 2,811 | |||
Other comprehensive income (loss), net of income taxes | (850) | (850) | |||
Compensation cost of option grants | (1) | (1) | |||
Issuance under ESPP, 401k and Dividend Reinvestment plans | 135 | 135 | |||
Exercise of stock options | 49 | 49 | |||
Balance at Mar. 31, 2018 | 108,400 | 100,660 | 422 | 9,747 | (2,429) |
Balance at Dec. 31, 2017 | 106,256 | 100,476 | 423 | 6,936 | (1,579) |
Balance at Dec. 31, 2018 | 113,910 | 101,134 | 332 | 15,063 | (2,619) |
Net income (loss) | (687) | (687) | |||
Other comprehensive income (loss), net of income taxes | 841 | 841 | |||
Issuance under ESPP, 401k and Dividend Reinvestment plans | 175 | 175 | |||
Exercise of stock options | 166 | 191 | (25) | ||
Dividends declared | (915) | (915) | |||
Balance at Mar. 31, 2019 | $ 113,490 | $ 101,500 | $ 307 | $ 13,461 | $ (1,778) |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Statement of Stockholders' Equity [Abstract] | ||
Issuance under ESPP, 401k and Dividend Reinvestment plans, shares | 15,223 | 10,153 |
Exercise of stock options, shares | 17,821 | 4,761 |
Dividends declared, per share | $ 0.10 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Cash flows from operating activities: | ||
Net income (loss) | $ (687) | $ 2,811 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
Depreciation and amortization of premises and equipment | 300 | 286 |
Provision for loan losses | 583 | 390 |
Stock based compensation | (1) | |
Net amortization of investment securities available-for-sale | 216 | 207 |
Net cost (benefit) of operation of other real estate owned | 127 | (1) |
Net loss on sale of investment securities available-for-sale | 42 | |
Amortization of purchase adjustment on loans | (439) | (1,873) |
Amortization of intangible assets | 194 | 221 |
Deferred income taxes | (61) | 687 |
Proceeds from sale of loans originated for sale | 4,443 | 5,827 |
Net gain on sale of loans originated for sale | (106) | (170) |
Loans originated for sale | (4,395) | (6,013) |
Bank owned life insurance investment income | (187) | (191) |
Accrued interest receivable | (8) | 372 |
Other assets | (2,613) | (691) |
Accrued interest payable | (9) | (2) |
Other liabilities | 1,363 | (635) |
Net cash provided by (used in) operating activities | (1,237) | 1,224 |
Investment securities available-for-sale: | ||
Purchases | (7,647) | |
Proceeds from repayments | 3,707 | 3,146 |
Proceeds from sales | 8,740 | |
Proceeds from the sale of other real estate owned | 133 | 145 |
Net decrease in restricted equity securities | 46 | 208 |
Net decrease in loans | 15,108 | 23,473 |
Purchases of premises and equipment | (447) | (369) |
Net cash provided by investing activities | 19,640 | 26,603 |
Cash flows from financing activities: | ||
Net increase (decrease) in deposits | (3,564) | 12,125 |
Net decrease in short-term borrowings | (6,000) | |
Repayment of long-term debt | (73) | |
Proceeds from long-term debt | 20 | |
Issuance under ESPP, 401k and DRP plans | 175 | 135 |
Proceeds from exercise of stock options | 166 | 49 |
Cash dividends paid | (915) | |
Net cash provided by (used in) financing activities | (4,118) | 6,236 |
Net increase in cash and cash equivalents | 14,285 | 34,063 |
Cash and cash equivalents—beginning | 53,816 | 25,786 |
Cash and cash equivalents—ending | 68,101 | 59,849 |
Cash paid during the period for: | ||
Interest | 2,216 | $ 1,762 |
Income taxes | ||
Noncash items from operating activities: | ||
Operating lease right-of-use assets and liabilities | $ 3,719 |
Summary of significant accounti
Summary of significant accounting policies | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Summary of significant accounting policies | 1. Summary of significant accounting policies: Nature of Operations Riverview Financial Corporation, (the “Company” or “Riverview”), a bank holding company incorporated under the laws of Pennsylvania, provides a full range of financial services through its wholly-owned subsidiary, Riverview Bank (the “Bank”). Riverview Bank, with 28 full service offices and four limited purpose offices, is a full service commercial bank offering a wide range of traditional banking services and financial advisory, insurance and investment services to individuals, municipalities and small-to-medium sized businesses in the Pennsylvania market areas of Berks, Blaire, Centre, Clearfield, Dauphin, Huntingdon, Lebanon, Lycoming, Northumberland, Perry, Schuylkill and Somerset Counties in Pennsylvania. Basis of presentation: The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP’) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, all normal recurring adjustments necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. All significant intercompany balances and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the current year’s presentation. These reclassifications did not have any effect on the operating results or financial position of the Company. The operating results and financial position of the Company for the three months ended as of March 31, 2019, are not necessarily indicative of the results of operations and financial position that may be expected in the future. The condensed consolidated balance sheet at December 31, 2018 has been derived from the audited financial statements at that date but does not include all of the information and disclosures required by GAAP for complete financial statements. Accordingly, these unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s 2018 Annual Report on Form 10-K, filed on March 14, 2019. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accounting Standards Adopted in 2019 In February 2016, the FASB issued an update ASU 2016-02, “Leases”, which requires lessees to record most leases on their balance sheet and recognize leasing expenses in the income statement. Operating leases, except for short-term leases that are subject to an accounting policy election, will be recorded on the balance sheet for lessees by establishing a lease liability and corresponding right-of-use asset. All entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. As the Company elected the transition option provided in ASU No. 2018-11, the modified retrospective approach was applied on January 1, 2019 (as opposed to January 1, 2017). The Company did not elect the hindsight practical expedient, which allows entities to use hindsight when determining lease term and impairment of right-of-use assets. The guidance in this ASU became effective January 1, 2019 at which time the Company recorded on the Consolidated Balance Sheet a right-of-use asset and lease liability of $3,719. For further detail, see Note 7 – Leases. In March 2017, the FASB issued ASU No. 2017-08, “Receivables—Nonrefundable Fees and Other Costs (Topic 310), Premium Amortization on Purchased Callable Debt Securities”. These amendments shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. The guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. If an entity early adopts in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments should be applied on a modified retrospective basis, with a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The adoption of ASU No. 2017-08 on January 1, 2019, did not have a material effect on our consolidated financial statements. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities”. The amendments in the Update better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. To meet that objective, the amendments expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The adoption of ASU No. 2017-12 on January 1. 2019, did not have a material effect on our consolidated financial statements. Recent Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. ASU 2016-13 requires an entity to utilize a new impairment model known as the current expected credit loss (“CECL”) model to estimate its lifetime “expected credit loss” and record an allowance that, when deducted from the amortized cost basis of the financial asset, presents the net amount expected to be collected on the financial asset. The CECL model is expected to result in earlier recognition of credit losses. ASU 2016-13 also requires new disclosures for financial assets measured at amortized cost, loans and available-for-sale debt securities. In November 2018, the FASB issued ASU No. 2018-19—Codification Improvements to Topic 326, Financial Instruments—Credit Losses. The amendments clarify that receivables arising from operating leases are not within the scope of Subtopic 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments”. The update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This new accounting guidance will be effective for interim and annual reporting periods beginning after December 15, 2019. The Company does not expect the adoption of the new accounting guidance to have a material effect on the statement of cash flows. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. The ASU simplifies the subsequent measurement of goodwill and eliminates Step 2 from the goodwill impairment test. The Company should perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. The impairment charge is limited to the amount of goodwill allocated to that reporting unit. The amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for goodwill impairment tests performed on testing dates after January 1, 2017. The guidance is not expected to have a significant impact on the Company’s financial positions, results of operations or disclosures. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement”. The amendments in this Update improve the effectiveness of fair value measurement disclosures by modifying the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement, based on the concepts in FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements, including the consideration of costs and benefits. The ASU is effective for all entities in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted. In addition, an entity may early adopt any of the removed or modified disclosures immediately and delay adoption of the new disclosures until the effective date. The guidance is not expected to have a significant impact on the Company’s financial positions, results of operations or disclosures. In August 2018, the FASB issued ASU No. 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20)—Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans”. Subtopic 715-20 addresses the disclosure of other accounting and reporting requirements related to single-employer defined benefit pension or other postretirement benefit plans. The amendments in this Update remove disclosures that no longer are considered cost-beneficial, clarify the specific requirements of disclosures, and add disclosure requirements identified as relevant. Although narrow in scope, the amendments are considered an important part of the Board’s efforts to improve the effectiveness of disclosures in the notes to financial statements by applying concepts in the FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements. The amendments in this Update apply to all employers that sponsor defined benefit pension or other postretirement plans. The ASU is effective for all entities in fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted. The guidance is not expected to have a significant impact on the Company’s financial positions, results of operations or disclosures. In August 2018, the FASB issued ASU No. 2018-15, “Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.” This guidance aligns the accounting for implementation costs related to a hosting arrangement that is a service contract with the guidance on capitalizing costs associated with developing or obtaining internal-use software. Common examples of hosting arrangements include software as a service, platform or infrastructure as a service and other similar types of hosting arrangements. While capitalized costs related to internal-use software is generally considered an intangible asset, costs incurred to implement a cloud computing arrangement that is a service contract would typically be characterized in the company’s financial statements in the same manner as other service costs (e.g., prepaid expense). The new guidance provides that an entity would be required to amortize capitalized implementation costs over the term of the hosting arrangement on a straight-line basis unless another systematic and rational basis is more representative of the pattern in which the entity expects to benefit from access to the hosted software. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with earlier adoption permitted in any annual or interim period for which financial statements have not yet been issued or made available for issuance. The guidance is not expected to have a significant impact on the Company’s financial positions, results of operations or disclosures. |
Other comprehensive income (los
Other comprehensive income (loss) | 3 Months Ended |
Mar. 31, 2019 | |
Equity [Abstract] | |
Other comprehensive income (loss) | 2. Other comprehensive income (loss): The components of other comprehensive income (loss) and their related tax effects are reported in the Consolidated Statements of Income and Comprehensive Income (Loss). The accumulated other comprehensive income (loss) included in the Consolidated Balance Sheets relates to net unrealized gains and losses on investment securities available-for-sale and benefit plan adjustments. The components of accumulated other comprehensive income (loss) included in stockholders’ equity at March 31, 2019 and December 31, 2018 is as follows: March 31, 2019 December 31, 2018 Net unrealized loss on investment securities available-for-sale $ (1,118 ) $ (2,183 ) Income tax benefit (234 ) (458 ) Net of income taxes (884 ) (1,725 ) Benefit plan adjustments (1,132 ) (1,132 ) Income tax benefit (238 ) (238 ) Net of income taxes (894 ) (894 ) Accumulated other comprehensive loss $ (1,778 ) $ (2,619 ) Other comprehensive income (loss) and related tax effects for the three months ended March 31, 2019 and 2018 is as follows: Three months ended March 31, 2019 2018 Unrealized gain (loss) on investment securities available-for-sale $ 1,023 $ (1,075 ) Net loss (gain) on the sale of investment securities available-for-sale (1) 42 Other comprehensive gain (loss) before taxes 1,065 (1,075 ) Income tax expense (benefit) 224 (225 ) Other comprehensive gain (loss) $ 841 $ (850 ) (1) Represents amounts reclassified out of accumulated other comprehensive income and included in on sale of investment securities on the consolidated statements of income and comprehensive income. |
Earnings per share
Earnings per share | 3 Months Ended |
Mar. 31, 2019 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | 3. Earnings per share: Basic earnings per share is co mputed by dividing net income (loss) divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. The following table provides a reconciliation between the computation of basic earnings per share and diluted earnings per share for the three months ended March 31, 2019 and 2018: Three months ended March 31, 2019 2018 Numerator: Net income (loss) $ (687 ) $ 2,811 Denominator: Basic 9,143,316 9,079,043 Dilutive options 58,663 Diluted 9,143,316 9,137,706 Earnings per share: Basic $ (0.08 ) $ 0.31 Diluted $ (0.08 ) $ 0.31 Because the Company had a net loss, there were no outstanding stock options for the three months ended March 31, 2019 that were included in the diluted earnings per share calculation because of their antidilutive effect. Had the Company not recognized a net loss for the three months ended March 31, 2019, there would have been 43,350 |
Investment securities
Investment securities | 3 Months Ended |
Mar. 31, 2019 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment securities | 4. Investment securities: The amortized cost and fair value of investment securities available-for-sale aggregated by investment category at March 31, 2019 and December 31, 2018 are summarized as follows: March 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State and municipals: Taxable $ 30,811 $ 129 $ 497 $ 30,443 Tax-exempt 7,639 34 5 7,668 Mortgage-backed securities: U.S. Government agencies 27,208 101 27 27,282 U.S. Government-sponsored enterprises 26,632 12 214 26,430 Corporate debt obligations 9,512 651 8,861 Total $ 101,802 $ 276 $ 1,394 $ 100,684 December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State and municipals: Taxable $ 34,025 $ 145 $ 892 $ 33,278 Tax-exempt 12,970 2 196 12,776 Mortgage-backed securities: U.S. Government agencies 23,715 61 106 23,670 U.S. Government-sponsored enterprises 26,635 11 451 26,195 Corporate debt obligations 9,515 757 8,758 Total $ 106,860 $ 219 $ 2,402 $ 104,677 The maturity distribution of the fair value, which is the net carrying amount, of the debt securities classified as available-for-sale at March 31, 2019, is summarized as follows: March 31, 2019 Fair Value Within one year $ 2,386 After one but within five years 757 After five but within ten years 11,164 After ten years 32,665 46,972 Mortgage-backed securities 53,712 Total $ 100,684 Securities with a fair value of $68,184 and $71,797 at March 31, 2019 and December 31, 2018, respectively, were pledged to secure public deposits as required or permitted by law. Securities and short-term investment activities are conducted with a diverse group of government entities, corporations and state and local municipalities. The counterparty’s creditworthiness and type of collateral is evaluated on a case-by-case basis. At March 31, 2019 and December 31, 2018, there were no significant concentrations of credit risk from any one issuer, with the exception of U.S. Government agencies and sponsored enterprises that exceeded 10.0 percent of stockholders’ equity. The fair value and gross unrealized losses of investment securities with unrealized losses for which an other-than-temporary impairment (“OTTI”) has not been recognized at March 31, 2019 and December 31, 2018, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, are summarized as follows: Less Than 12 Months 12 Months or More Total March 31, 2019 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses State and municipals: Taxable $ 2,210 $ 15 $ 19,456 $ 482 $ 21,666 $ 497 Tax-exempt 3,697 5 3,697 5 Mortgage-backed securities: U.S. Government agencies 478 1 1,133 26 1,611 27 U.S. Government-sponsored enterprises 11,284 35 6,954 179 18,238 214 Corporate debt obligation 8,861 651 8,861 651 Total $ 13,972 $ 51 $ 40,101 $ 1,343 $ 54,073 $ 1,394 Less Than 12 Months 12 Months or More Total December 31, 2018 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses State and municipals: Taxable $ 2,300 $ 4 $ 22,943 $ 888 $ 25,243 $ 892 Tax-exempt 1,950 32 9,556 164 11,506 196 Mortgage-backed securities: U.S. Government agencies 7,862 66 1,216 40 9,078 106 U.S. Government-sponsored enterprises 18,110 163 7,133 288 25,243 451 Corporate debt obligation 8,758 757 8,758 757 Total $ 30,222 $ 265 $ 49,606 $ 2,137 $ 79,828 $ 2,402 The Company had 56 investment securities, consisting of 26 taxable state and municipal obligations, six tax-exempt state and municipal obligations, 20 mortgage-backed securities, and four corporate debt obligations that were in unrealized loss positions at March 31, 2019. Of these securities, 24 taxable state and municipal obligation, six tax-exempt state and municipal obligations, 13 mortgage-backed securities and four corporate debt obligations were in a continuous unrealized loss position for twelve months or more. Management does not consider the unrealized losses on the debt securities, as a result of changes in interest rates, to be OTTI based on historical evidence that indicates the cost of these securities is recoverable within a reasonable period of time in relation to normal cyclical changes in the market rates of interest. Moreover, because there has been no material change in the credit quality of the issuers or other events or circumstances that may cause a significant adverse impact on the fair value of these securities, and management does not intend to sell these securities and it is unlikely that the Company will be required to sell these securities before recovery of their amortized cost basis, which may be maturity, the Company does not consider the unrealized losses to be OTTI at March 31, 2019. There was no OTTI recognized for the three months ended March 31, 2019 and 2018. The Company had 92 investment securities, consisting of 39 taxable state and municipal obligations, 22 tax-exempt municipal obligations, four corporate obligations and 27 mortgage-backed securities that were in unrealized loss positions at December 31, 2018. Of these securities, 35 taxable state and municipal obligations, 19 tax-exempt municipal obligations, four corporate obligations and 13 mortgage-backed securities were in a continuous unrealized loss position for twelve months or more. |
Loans, net and allowance for lo
Loans, net and allowance for loan losses | 3 Months Ended |
Mar. 31, 2019 | |
Receivables [Abstract] | |
Loans, net and allowance for loan losses | 5. Loans, net and allowance for loan losses: The major classifications of loans outstanding, net of deferred loan origination fees and costs at March 31, 2019 and December 31, 2018 are summarized as follows. Net deferred loan costs were $1,018 and $1,026 at March 31, 2019 and December 31, 2018. March 31, 2019 December 31, 2018 Commercial $ 117,324 $ 122,919 Real estate: Construction 43,291 39,556 Commercial 491,650 497,597 Residential 214,501 221,115 Consumer 11,304 11,997 Total $ 878,070 $ 893,184 The changes in the allowance for loan losses account by major classification of loan for the three months ended March 31, 2019 and 2018 are summarized as follows: Real Estate March 31, 2019 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Beginning Balance January 1, 2019 $ 1,162 $ 404 $ 3,298 $ 1,286 $ 50 $ 148 $ 6,348 Charge-offs (376 ) (144 ) (520 ) Recoveries 5 1 1 68 75 Provisions 232 (123 ) 160 279 183 (148 ) 583 Ending balance $ 1,023 $ 281 $ 3,459 $ 1,566 $ 157 $ $ 6,486 Real Estate March 31, 2018 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Beginning Balance January 1, 2018 $ 1,206 $ 379 $ 2,963 $ 1,340 $ 37 $ 381 $ 6,306 Charge-offs (77 ) (50 ) (99 ) (226 ) Recoveries 3 2 1 39 45 Provisions (316 ) 5 493 (112 ) 55 265 390 Ending balance $ 816 $ 384 $ 3,458 $ 1,179 $ 32 $ 646 $ 6,515 The allocation of the allowance for loan losses and the related loans by major classifications of loans at March 31, 2019 and December 31, 2018 is summarized as follows: Real Estate March 31, 2019 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Ending balance $ 1,023 $ 281 $ 3,459 $ 1,566 $ 157 $ $ 6,486 Ending balance: individually evaluated for impairment 77 91 55 223 Ending balance: collectively evaluated for impairment 946 281 3,368 1,511 157 6,263 Ending balance: purchased credit impaired loans $ $ $ $ $ $ $ Loans receivable: Ending balance $ 117,324 $ 43,291 $ 491,650 $ 214,501 $ 11,304 $ $ 878,070 Ending balance: individually evaluated for impairment 946 85 1,475 2,147 4,653 Ending balance: collectively evaluated for impairment 116,294 43,206 487,022 212,104 11,304 869,930 Ending balance: purchased credit impaired loans $ 84 $ $ 3,153 $ 250 $ $ $ 3,487 Real Estate December 31, 2018 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Ending balance $ 1,162 $ 404 $ 3,298 $ 1,286 $ 50 $ 148 $ 6,348 Ending balance: individually evaluated for impairment 382 78 28 488 Ending balance: collectively evaluated for impairment 780 404 3,220 1,258 50 148 5,680 Ending balance: purchased credit impaired loans $ $ $ $ $ $ $ Loans receivable: Ending balance $ 122,919 $ 39,556 $ 497,597 $ 221,115 $ 11,997 $ $ 893,184 Ending balance: individually evaluated for impairment 1,249 1,643 2,146 5,038 Ending balance: collectively evaluated for impairment 121,521 39,556 492,779 218,468 11,997 884,321 Ending balance: purchased credit impaired loans $ 149 $ $ 3,175 $ 501 $ $ $ 3,825 The Company segments 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. Loans are individually analyzed for credit risk by classifying them within the Company’s internal risk rating system. The Company’s risk rating classifications are defined as follows: • Pass—A loan to borrowers with acceptable credit quality and risk that is not adversely classified as Substandard, Doubtful, Loss or designated as Special Mention. • Special Mention—A loan that has potential weaknesses that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution’s credit position at some future date. Special Mention loans are not adversely classified since they do not expose the Company to sufficient risk to warrant adverse classification. • Substandard—A loan that is inadequately protected by the current sound worth and paying capacity of the obligor or by the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. • Doubtful—A loan classified as Doubtful has all the weaknesses inherent in one classified Substandard with the added characteristic that the weaknesses make the collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. • Loss—A loan classified as Loss is considered uncollectible and of such little value that its continuance as a bankable loan is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may occur in the future. The following tables present the major classification of loans summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system at March 31, 2019 and December 31, 2018: March 31, 2019 Pass Special Mention Substandard Doubtful Total Commercial $ 104,705 $ 9,043 $ 3,576 $ 117,324 Real estate: Construction 43,043 163 85 43,291 Commercial 458,865 19,076 13,709 491,650 Residential 210,296 2,084 2,121 214,501 Consumer 11,304 11,304 Total $ 828,213 $ 30,366 $ 19,491 $ 878,070 December 31, 2018 Pass Special Substandard Doubtful Total Commercial $ 109,609 $ 9,123 $ 4,187 $ 122,919 Real estate: Construction 39,265 291 39,556 Commercial 471,364 13,106 13,127 497,597 Residential 216,218 2,126 2,771 221,115 Consumer 11,997 11,997 Total $ 848,453 $ 24,355 $ 20,376 $ 893,184 The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of March 31, 2019 and December 31, 2018. Purchase credit impaired (“PCI”) loans are excluded from the aging and nonaccrual loan schedules. Accrual Loans March 31, 2019 30-59 Days Past Due 60-89 Days Past Due 90 or More Days Past Due Total Past Due Current Nonaccrual Loans Total Loans Commercial $ 56 $ $ $ 56 $ 116,343 $ 841 $ 117,240 Real estate: Construction 250 250 42,957 84 43,291 Commercial 1,244 4 81 1,329 486,471 697 488,497 Residential 1,668 249 20 1,937 211,293 1,021 214,251 Consumer 65 27 21 113 11,191 11,304 Total $ 3,283 $ 280 $ 122 $ 3,685 $ 868,255 $ 2,643 $ 874,583 Purchased credit impaired loans 3,487 Total Loans $ 878,070 Accrual Loans December 31, 2018 30-59 Days Past Due 60-89 Days Past Due 90 or More Days Past Due Total Past Due Current Nonaccrual Loans Total Loans Commercial $ 69 $ 128 $ 82 $ 279 $ 121,350 $ 1,141 $ 122,770 Real estate: Construction 11 655 247 913 38,643 39,556 Commercial 467 538 170 1,175 492,545 702 494,422 Residential 4,537 1,322 290 6,149 213,579 886 220,614 Consumer 124 57 50 231 11,766 11,997 Total $ 5,208 $ 2,700 $ 839 $ 8,747 $ 877,883 $ 2,729 $ 889,359 Purchased credit impaired loans 3,825 Total Loans $ 893,184 The following tables summarize information concerning impaired loans as of and for the three months ended March 31, 2019 and 2018, and as of and for the year ended, December 31, 2018 by major loan classification: This Quarter March 31, 2019 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial $ 189 $ 189 $ 169 $ 23 Real estate: Construction 85 85 43 Commercial 4,257 4,257 4,271 100 Residential 2,217 2,217 2,342 91 Consumer Total 6,748 6,748 6,825 214 With an allowance recorded: Commercial 841 841 $ 77 1,045 Real estate: Construction Commercial 371 371 91 453 4 Residential 180 318 55 181 1 Consumer Total 1,392 1,530 223 1,679 5 Commercial 1,030 1,030 77 1,214 23 Real estate: Construction 85 85 43 Commercial 4,628 4,628 91 4,724 104 Residential 2,397 2,535 55 2,523 92 Consumer Total $ 8,140 $ 8,278 $ 223 $ 8,504 $ 219 For the Year Ended December 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial $ 149 $ 149 $ 459 $ 564 Real estate: Construction Commercial 4,284 4,284 6,382 2,846 Residential 2,466 2,466 2,875 460 Consumer Total 6,899 6,899 9,716 3,870 With an allowance recorded: Commercial 1,249 1,249 $ 382 1,117 7 Real estate: Construction Commercial 534 534 78 676 17 Residential 181 319 28 184 3 Consumer Total 1,964 2,102 488 1,977 27 Commercial 1,398 1,398 382 1,576 571 Real estate: Construction Commercial 4,818 4,818 78 7,058 2,863 Residential 2,647 2,785 28 3,059 463 Consumer Total $ 8,863 $ 9,001 $ 488 $ 11,693 $ 3,897 This Quarter March 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial $ 1,033 $ 1,033 $ 1,119 $ 353 Real estate: Construction Commercial 8,084 8,084 8,736 1,035 Residential 3,152 3,170 3,252 79 Consumer Total 12,269 12,287 13,107 1,467 With an allowance recorded: Commercial 1,105 1,105 $ 69 442 2 Real estate: Construction Commercial 534 534 78 535 6 Residential 186 324 47 187 2 Consumer Total 1,825 1,963 194 1,164 10 Commercial 2,138 2,138 69 1,561 355 Real estate: Construction Commercial 8,618 8,618 78 9,271 1,041 Residential 3,338 3,494 47 3,439 81 Consumer Total $ 14,094 $ 14,250 $ 194 $ 14,271 $ 1,477 For the three months ended March 31, interest income, related to impaired loans, would have been $60 in 2019 and $47 in 2018 had the loans been current and the terms of the loans not been modified. Troubled debt restructured loans are loans with original terms, interest rate, or both, that have been modified as a result of a deterioration in the borrower’s financial condition and a concession has been granted that the Company would not otherwise consider. Unless on nonaccrual, interest income on these loans is recognized when earned, using the interest method. The Company offers a variety of modifications to borrowers that would be considered concessions. The modification categories offered generally fall within the following categories: • Rate Modification—A modification in which the interest rate is changed to a below market rate. • Term Modification—A modification in which the maturity date, timing of payments or frequency of payments is changed. • Interest Only Modification—A modification in which the loan is converted to interest only payments for a period of time. • Payment Modification—A modification in which the dollar amount of the payment is changed, other than an interest only modification described above. • Combination Modification—Any other type of modification, including the use of multiple categories above. Included in the commercial loan and commercial and residential real estate categories are troubled debt restructurings that are classified as impaired. Troubled debt restructurings totaled $2,765 at March 31, 2019, $2,925 at December 31, 2018 and $5,429 at March 31, 2018. There was one loan modified as troubled debt restructuring for the three months ended March 31, 2019. There were no loans modified as troubled debt restructuring for the three months ended March 31, 2018. During the three months ended March 31, 2019 there was one default on a residential loan restructured. In 2018, there were no defaults on loans restructured. Purchased loans are initially recorded at their acquisition date fair values. The carryover of the allowance for loan losses is prohibited as any credit losses in the loans are included in the determination of the fair value of the loans at the acquisition date. Fair values for purchased loans are based on a cash flow methodology that involves assumptions and judgments as to credit risk, default rates, loss severity, collateral values, discount rates, payment speeds, and prepayment risk. As part of its acquisition due diligence process, the Bank reviews the acquired institution’s loan grading system and the associated risk rating for loans. In performing this review, the Bank considers cash flows, debt service coverage, delinquency status, accrual status, and collateral for the loan. This process allows the Bank to clearly identify the population of acquired loans that had evidence of deterioration in credit quality since origination and for which it was probable, at acquisition, that the Bank would be unable to collect all contractually required payments. All such loans identified by the Bank are considered to be within the scope of ASC 310-30, Loan and Debt Securities Acquired with Deteriorated Credit Quality and are identified as “Purchased Credit Impaired Loans”. As a result of the merger with CBT, effective October 1, 2017, the Bank identified 37 PCI loans. As part of the merger with Citizens, effective December 31, 2015, the Bank identified 10 PCI loans. As a result of the consolidation with Union effective November 1, 2013, the Bank identified 14 PCI loans. For all PCI loans, the excess of cash flows expected at acquisition over the estimated fair value is referred to as the accretable discount and is recognized into interest income over the remaining life of the loan. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition is referred to as the non-accretable discount. The non-accretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require the Bank to evaluate the need for an allowance for loan losses on these loans. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the non-accretable discount which the Bank then reclassifies as an accretable discount that is recognized into interest income over the remaining life of the loan. The Bank’s evaluation of the amount of future cash flows that it expects to collect is based on a cash flow methodology that involves assumptions and judgments as to credit risk, collateral values, discount rates, payment speeds, and prepayment risk. Charge-offs of the principal amount on purchased impaired loans are first applied to the non-accretable discount. For purchased loans that are not deemed impaired at acquisition, credit discounts representing principal losses expected over the life of the loans are a component of the initial fair value, and the discount is accreted to interest income over the life of the asset. Subsequent to the purchase date, the method used to evaluate the sufficiency of the credit discount is similar to originated loans, and if necessary, additional reserves are recognized in the allowance for loan losses. The unpaid principal balances and the related carrying amount of acquired loans as of March 31, 2019 and December 31, 2018 were as follows: March 31, 2019 December 31, 2018 Credit impaired purchased loans evaluated individually for incurred credit losses: Outstanding balance $ 6,970 $ 7,491 Carrying Amount 3,487 3,825 Other purchased loans evaluated collectively for incurred credit losses: Outstanding balance 297,987 315,013 Carrying Amount 297,522 314,328 Total Purchased Loans: Outstanding balance 304,957 322,504 Carrying Amount $ 301,009 $ 318,153 As of the indicated dates, the changes in the accretable discount related to the purchased credit impaired loans were as follows: Quarter Ended March 31, 2019 2018 Balance—beginning of period $ 579 $ 2,129 Additions Accretion recognized during the period (183 ) (1,443 ) Net reclassification from non-accretable to accretable 34 969 Balance—end of period $ 430 $ 1,655 The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, unused portions of lines of credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. Unused commitments at March 31, 2019, totaled $139,086 consisting of $71,867 in commitments to extend credit, $61,488 in unused portions of lines of credit and $5,731 in standby letters of credit. Due to fixed maturity dates, specified conditions within these instruments, and the ultimate needs of our customers, many will expire without being drawn upon. We believe that amounts actually drawn upon can be funded in the normal course of operations and therefore, do not represent a significant liquidity risk to us. In comparison, unused commitments, at December 31, 2018, totaled $161,732, consisting of $96,431 in commitments to extend credit, $59,512 in unused portions of lines of credit and $5,789 in standby letters of credit. |
Other assets
Other assets | 3 Months Ended |
Mar. 31, 2019 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Other assets | 6. Other assets: The components of other assets at March 31, 2019 and December 31, 2018 are summarized as follows: March 31, 2019 December 31, 2018 Other real estate owned $ 461 $ 721 Bank owned life insurance 30,049 29,862 Restricted equity securities 1,008 1,054 Deferred tax assets 5,721 5,884 Lease right-to-use assets 3,606 Other assets 7,361 4,635 Total $ 48,206 $ 42,156 As a member of the Federal Home Loan Bank of Pittsburgh (“FHLB”) and Atlantic Community Bankers Bank (“ACBB”), the Company is required to purchase and hold stock in these entities to satisfy membership and borrowing requirements. These restricted equity securities can only be redeemed or sold at their par value and only to the respective issuing institution or to another member institution. The Company records these non-marketable equity securities as a component of other assets and periodically evaluates these securities for impairment. Management considers these non-marketable equity securities to be long-term investments. Accordingly, when evaluating these securities for impairment, management considers the ultimate recoverability of the par value rather than recognizing temporary declines in value. |
Leases
Leases | 3 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Leases | 7. Leases: On January 1, 2019, the Company adopted ASU 2016-02, The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of- use (“ROU”) assets and operating lease liabilities in the consolidated balance sheets. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU asset also includes any lease pre-payments non-lease non-lease As of March 31, 2019 the Company’s lease ROU assets and related lease liabilities were $3,606 and $3,616, respectively, and have remaining terms ranging from 1 to 35 years, including extension options that the Company is reasonably certain will be exercised. For the quarter ended March 31, 2019, operating lease cost totaled $147. The table below summarizes other information related to our operating leases: Three Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 136 ROU assets obtained in exchange for lease liabilities $ 3,719 Weighted average remaining lease term—operating leases, in years 12.10 Weighted average discount rate—operating leases 3.29 % The following table outlines lease payment obligations as outlined in the Company’s lease agreements for each of the next five years and thereafter in addition to a reconcilement to the Company’s current lease liability. 2019 $ 410 2020 530 2021 531 2022 496 2023 352 Thereafter 2,239 Total lease payments 4,558 Less imputed interest (942 ) $ 3,616 As of March 31, 2019 , the Company had not entered into any material leases that have not yet commenced. |
Fair value estimates
Fair value estimates | 3 Months Ended |
Mar. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Fair value estimates | 8. Fair value estimates: The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosure under GAAP. Fair value estimates are calculated without attempting to estimate the value of anticipated future business and the value of certain assets and liabilities that are not considered financial. Accordingly, such assets and liabilities are excluded from disclosure requirements. In accordance with FASB ASC 820, “Fair Value Measurements and Disclosures”, fair value is the price that would be received to sell an asset or transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets. In many cases, these values cannot be realized in immediate settlement of the instrument. Current fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction that is not a forced liquidation or distressed sale between participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. In accordance with GAAP, the Company groups its assets and liabilities generally measured at fair value into three levels based on market information or other fair value estimates in which the assets and liabilities are traded or valued, and the reliability of the assumptions used to determine fair value. These levels include: • Level 1: Unadjusted quoted prices of identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. • Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. An asset’s or liability’s placement in the fair value hierarchy is based on the lowest level of input that is significant to the fair value estimate. The following methods and assumptions were used by the Company to calculate fair values and related carrying amounts of assets and liabilities measured at fair value on a recurring basis: Investment securities: The fair values of U.S. Treasury securities and marketable equity securities are based on quoted market prices from active exchange markets. The fair values of debt securities are based on pricing from a matrix pricing model. Assets and liabilities measured at fair value on a recurring basis at March 31, 2019 and December 31, 2018 are summarized as follows: Fair Value Measurement Using March 31, 2019 Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) State and Municipals: Taxable $ 30,443 $ 30,443 Tax-exempt 7,668 7,668 Mortgage-backed securities: U.S. Government agencies 27,282 27,282 U.S. Government-sponsored enterprises 26,430 26,430 Corporate debt obligations 8,861 8,861 Total $ 100,684 $ 100,684 Fair Value Measurement Using December 31, 2018 Amount Quoted Prices in Significant Significant State and municipals: Taxable $ 33,278 $ 33,278 Tax-exempt 12,776 12,776 Mortgage-backed securities: U.S. Government agencies 23,670 23,670 U.S. Government-sponsored enterprises 26,195 26,195 Corporate debt obligations 8,758 8,758 Total $ 104,677 $ 104,677 Other real estate owned Impaired loans Assets and liabilities measured at fair value on a nonrecurring basis at March 31, 2019 and December 31, 2018 are summarized as follows: Fair Value Measurement Using March 31, 2019 Amount (Level 1) Quoted Prices in Active Markets for Identical Assets (Level 2) Significant Other Observable Inputs (Level 3) Significant Unobservable Inputs Other real estate owned $ 461 $ 461 Impaired loans, net of related allowance 1,169 1,169 Total $ 1,630 $ 1,630 Fair Value Measurement Using December 31, 2018 Amount (Level 1) (Level 2) (Level 3) Other real estate owned $ 721 $ 721 Impaired loans, net of related allowance 1,476 1,476 Total $ 2,197 $ 2,197 The following tables present additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company utilized Level 3 inputs to determine fair value at March 31, 2019 and December 31, 2018 Quantitative Information about Level 3 Fair Value Measurements March 31, 2019 Fair Value Valuation Techniques Unobservable Input Range Other real estate owned $ 461 Appraisal of collateral Appraisal adjustments 8.0% to 69.0% ( 33.1 )% Liquidation expenses 7.0% to 7.0 7.0 )% Impaired loans $ 1,169 Appraisal of collateral Appraisal adjustments 0.0% to 0.0 0.0 )% Liquidation expenses 6.0% to 25.0% ( 12.3 )% Quantitative Information about Level 3 Fair Value Measurements December 31, 2018 Fair Value Valuation Techniques Unobservable Input Range Other real estate owned $ 721 Appraisal of collateral Appraisal adjustments 0.0% to 69.0% ( 28.4 )% Liquidation expenses 0.0% to 7.0 7.0 )% Impaired loans $ 1,476 Appraisal of collateral Appraisal adjustments 0.0% to 0.0 0.0 )% Liquidation expenses 7.0% to 25.0% ( 10.3 )% The carrying and fair values of the Company’s financial instruments at March 31, 2019 and December 31, 2018 and their placement within the fair value hierarchy are as follows: Fair Value Hierarchy March 31, 2019 Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets: Cash and cash equivalents $ 68,101 $ 68,101 $ 68,101 Investment securities 100,684 100,684 $ 100,684 Loans held for sale 695 695 695 Net loans (1) 871,584 857,801 $ 857,801 Accrued interest receivable 3,018 3,018 737 2,281 Financial liabilities: Deposits $ 1,001,029 $ 998,430 $ 998,430 Long-term debt 6,912 6,912 6,912 Accrued interest payable 475 475 475 Fair Value Hierarchy December 31, 2018 Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets: Cash and cash equivalents $ 53,816 $ 53,816 $ 53,816 Investment securities available-for-sale 104,677 104,677 $ 104,677 Loans held for sale 637 637 637 Net loans (1) 886,836 872,455 $ 872,455 Accrued interest receivable 3,010 3,010 663 2,347 Financial liabilities: Deposits $ 1,004,593 $ 999,929 $ 999,929 Long-term debt 6,892 6,892 6,892 Accrued interest payable 484 484 484 (1) The carrying amount is net of unearned income and the allowance for loan losses in accordance with the adoption of ASU No. 2016-01 where the fair value of loans as of March 31, 2019 and December 31, 2018 was measured using an exit price notion. |
Revenue recognition
Revenue recognition | 3 Months Ended |
Mar. 31, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Revenue recognition | Note 9. Revenue recognition: On January 1, 2018, the Company adopted ASU No. 2014-09 “Revenue from Contracts with Customers” (Topic 606) and all subsequent ASUs that modified Topic 606. The implementation of the new standard did not have a material impact on the measurement or recognition of revenue; as such, a cumulative effect adjustment to opening retained earnings was not deemed necessary. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts were not adjusted and continue to be reported in accordance with our historic accounting under Topic 605. Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, financial guarantees, derivatives, and certain credit card fees are also not in scope of the new guidance. Topic 606 is applicable to noninterest revenue streams such as trust and asset management income, deposit related fees, interchange fees, merchant income, and other fees. However, the recognition of these revenue streams did not change significantly upon adoption of Topic 606. Substantially all of the Company’s revenue is generated from contracts with customers. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service Charges, Fees and Commissions Service charges on deposit accounts consist of monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Fees, exchange, and other service charges are primarily comprised of debit and credit card income, ATM fees, merchant services income, and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Mastercard. Such income is presented net of network expenses as the Company acts as an agent in these transactions. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM, or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other service charges include revenue from processing wire transfers, bill pay service, cashier’s checks, and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Other noninterest income consists of other recurring revenue streams such as commissions from sales of mutual funds and other investments, investment advisor fees from wealth management products, safety deposit box rental fees, and other miscellaneous revenue streams. Commissions from the sale of mutual funds and other investments are recognized on trade date, which is when the Company has satisfied its performance obligation. The Company also receives periodic service fees or trailers from mutual fund companies typically based on a percentage of net asset value. Trailer revenue is recorded over time, usually monthly or quarterly, as net asset value is determined. Investment advisor fees from wealth management products is earned over time and based on an annual percentage rate of the net asset value. The investment advisor fees are charged to the customer’s account in advance on the first month of the quarter, and the revenue is recognized over the following three-month period. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment. The Company determined that since rentals and renewals occur fairly consistently over time, revenue is recognized on a basis consistent with the duration of the performance obligation. Trust and Asset Management Trust and asset management income is primarily comprised of fees earned from the management and administration of trusts and other customer assets. The Company’s performance obligation is generally satisfied over time and the resulting fees are recognized monthly, based upon the month-end market value of the assets under management and the applicable fee rate. Payment is generally received a few days after month end through a direct charge to customers’ accounts. The Company does not earn performance-based incentives. Optional services such as real estate sales and tax return preparation services are also available to existing trust and asset management customers. The Company’s performance obligation for these transactional-based services is generally satisfied, and related revenue recognized, at a point in time (i.e., as incurred). Payment is received shortly after services are rendered. The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three months ended March 31, 2019 and 2018. March 31, 2019 2018 Noninterest Income: In-scope of Topic 606: Service charges, fees and commissions $ 1,053 $ 1,228 Trust and asset management 507 364 Noninterest income (in-scope of Topic 606) 1,560 1,592 Noninterest income (out-of-scope of Topic 606) 251 361 Total noninterest income $ 1,811 $ 1,953 Contract Balances A contract asset balance occurs when an entity performs a service for a customer before the customer pays consideration, resulting in a contract receivable, or before payment is due, resulting in a contract asset. A contract liability balance is an entity’s obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. The Company’s noninterest revenue streams are largely based on transactional activity, or standard month-end revenue accruals such as asset management fees based on month-end market values. Consideration is often received immediately or shortly after the Company satisfies its performance obligation and revenue is recognized. The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. As of March 31, 2019 and December 31, 2018, the Company did not have any significant contract balances. Contract Acquisition Costs In connection with the adoption of Topic 606, an entity is required to capitalize, and subsequently amortize into expense, certain incremental costs of obtaining a contract with a customer if these costs are expected to be recovered. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained, for example, sales commission. The Company utilizes the practical expedient which allows entities to immediately expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less. Upon adoption of Topic 606, the Company did not capitalize any contract acquisition cost. |
Summary of significant accoun_2
Summary of significant accounting policies (Policies) | 3 Months Ended |
Mar. 31, 2019 | |
Accounting Policies [Abstract] | |
Nature of Operations | Nature of Operations Riverview Financial Corporation, (the “Company” or “Riverview”), a bank holding company incorporated under the laws of Pennsylvania, provides a full range of financial services through its wholly-owned subsidiary, Riverview Bank (the “Bank”). Riverview Bank, with 28 full service offices and four limited purpose offices, is a full service commercial bank offering a wide range of traditional banking services and financial advisory, insurance and investment services to individuals, municipalities and small-to-medium sized businesses in the Pennsylvania market areas of Berks, Blaire, Centre, Clearfield, Dauphin, Huntingdon, Lebanon, Lycoming, Northumberland, Perry, Schuylkill and Somerset Counties in Pennsylvania. |
Basis of presentation | Basis of presentation: The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP’) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, all normal recurring adjustments necessary for a fair presentation of the financial position and results of operations for the periods presented have been included. All significant intercompany balances and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the current year’s presentation. These reclassifications did not have any effect on the operating results or financial position of the Company. The operating results and financial position of the Company for the three months ended as of March 31, 2019, are not necessarily indicative of the results of operations and financial position that may be expected in the future. The condensed consolidated balance sheet at December 31, 2018 has been derived from the audited financial statements at that date but does not include all of the information and disclosures required by GAAP for complete financial statements. Accordingly, these unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s 2018 Annual Report on Form 10-K, filed on March 14, 2019. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. |
Recent Accounting Standards | Accounting Standards Adopted in 2019 In February 2016, the FASB issued an update ASU 2016-02, “Leases”, which requires lessees to record most leases on their balance sheet and recognize leasing expenses in the income statement. Operating leases, except for short-term leases that are subject to an accounting policy election, will be recorded on the balance sheet for lessees by establishing a lease liability and corresponding right-of-use asset. All entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. As the Company elected the transition option provided in ASU No. 2018-11, the modified retrospective approach was applied on January 1, 2019 (as opposed to January 1, 2017). The Company did not elect the hindsight practical expedient, which allows entities to use hindsight when determining lease term and impairment of right-of-use assets. The guidance in this ASU became effective January 1, 2019 at which time the Company recorded on the Consolidated Balance Sheet a right-of-use asset and lease liability of $3,719. For further detail, see Note 7 – Leases. In March 2017, the FASB issued ASU No. 2017-08, “Receivables—Nonrefundable Fees and Other Costs (Topic 310), Premium Amortization on Purchased Callable Debt Securities”. These amendments shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount; the discount continues to be amortized to maturity. The guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted, including adoption in an interim period. If an entity early adopts in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments should be applied on a modified retrospective basis, with a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The adoption of ASU No. 2017-08 on January 1, 2019, did not have a material effect on our consolidated financial statements. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities”. The amendments in the Update better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. To meet that objective, the amendments expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. For public business entities, the amendments in this Update are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The adoption of ASU No. 2017-12 on January 1. 2019, did not have a material effect on our consolidated financial statements. Recent Accounting Standards In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. ASU 2016-13 requires an entity to utilize a new impairment model known as the current expected credit loss (“CECL”) model to estimate its lifetime “expected credit loss” and record an allowance that, when deducted from the amortized cost basis of the financial asset, presents the net amount expected to be collected on the financial asset. The CECL model is expected to result in earlier recognition of credit losses. ASU 2016-13 also requires new disclosures for financial assets measured at amortized cost, loans and available-for-sale debt securities. In November 2018, the FASB issued ASU No. 2018-19—Codification Improvements to Topic 326, Financial Instruments—Credit Losses. The amendments clarify that receivables arising from operating leases are not within the scope of Subtopic 326-20. Instead, impairment of receivables arising from operating leases should be accounted for in accordance with Topic 842, Leases. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments”. The update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This new accounting guidance will be effective for interim and annual reporting periods beginning after December 15, 2019. The Company does not expect the adoption of the new accounting guidance to have a material effect on the statement of cash flows. In January 2017, the FASB issued ASU No. 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”. The ASU simplifies the subsequent measurement of goodwill and eliminates Step 2 from the goodwill impairment test. The Company should perform its goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value. The impairment charge is limited to the amount of goodwill allocated to that reporting unit. The amendments in this update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted for goodwill impairment tests performed on testing dates after January 1, 2017. The guidance is not expected to have a significant impact on the Company’s financial positions, results of operations or disclosures. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement”. The amendments in this Update improve the effectiveness of fair value measurement disclosures by modifying the disclosure requirements on fair value measurements in Topic 820, Fair Value Measurement, based on the concepts in FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements, including the consideration of costs and benefits. The ASU is effective for all entities in fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. Early adoption is permitted. In addition, an entity may early adopt any of the removed or modified disclosures immediately and delay adoption of the new disclosures until the effective date. The guidance is not expected to have a significant impact on the Company’s financial positions, results of operations or disclosures. In August 2018, the FASB issued ASU No. 2018-14, “Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20)—Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans”. Subtopic 715-20 addresses the disclosure of other accounting and reporting requirements related to single-employer defined benefit pension or other postretirement benefit plans. The amendments in this Update remove disclosures that no longer are considered cost-beneficial, clarify the specific requirements of disclosures, and add disclosure requirements identified as relevant. Although narrow in scope, the amendments are considered an important part of the Board’s efforts to improve the effectiveness of disclosures in the notes to financial statements by applying concepts in the FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements. The amendments in this Update apply to all employers that sponsor defined benefit pension or other postretirement plans. The ASU is effective for all entities in fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted. The guidance is not expected to have a significant impact on the Company’s financial positions, results of operations or disclosures. In August 2018, the FASB issued ASU No. 2018-15, “Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract.” This guidance aligns the accounting for implementation costs related to a hosting arrangement that is a service contract with the guidance on capitalizing costs associated with developing or obtaining internal-use software. Common examples of hosting arrangements include software as a service, platform or infrastructure as a service and other similar types of hosting arrangements. While capitalized costs related to internal-use software is generally considered an intangible asset, costs incurred to implement a cloud computing arrangement that is a service contract would typically be characterized in the company’s financial statements in the same manner as other service costs (e.g., prepaid expense). The new guidance provides that an entity would be required to amortize capitalized implementation costs over the term of the hosting arrangement on a straight-line basis unless another systematic and rational basis is more representative of the pattern in which the entity expects to benefit from access to the hosted software. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with earlier adoption permitted in any annual or interim period for which financial statements have not yet been issued or made available for issuance. The guidance is not expected to have a significant impact on the Company’s financial positions, results of operations or disclosures. |
Other comprehensive income (l_2
Other comprehensive income (loss) (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Equity [Abstract] | |
Summary of Components of Accumulated Other Comprehensive Income (Loss) | The components of accumulated other comprehensive income (loss) included in stockholders’ equity at March 31, 2019 and December 31, 2018 is as follows: March 31, 2019 December 31, 2018 Net unrealized loss on investment securities available-for-sale $ (1,118 ) $ (2,183 ) Income tax benefit (234 ) (458 ) Net of income taxes (884 ) (1,725 ) Benefit plan adjustments (1,132 ) (1,132 ) Income tax benefit (238 ) (238 ) Net of income taxes (894 ) (894 ) Accumulated other comprehensive loss $ (1,778 ) $ (2,619 ) |
Schedule of Other Comprehensive Income (Loss) and Related Tax Effects | Other comprehensive income (loss) and related tax effects for the three months ended March 31, 2019 and 2018 is as follows: Three months ended March 31, 2019 2018 Unrealized gain (loss) on investment securities available-for-sale $ 1,023 $ (1,075 ) Net loss (gain) on the sale of investment securities available-for-sale (1) 42 Other comprehensive gain (loss) before taxes 1,065 (1,075 ) Income tax expense (benefit) 224 (225 ) Other comprehensive gain (loss) $ 841 $ (850 ) (1) Represents amounts reclassified out of accumulated other comprehensive income and included in on sale of investment securities on the consolidated statements of income and comprehensive income. |
Earnings per share (Tables)
Earnings per share (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Earnings Per Share [Abstract] | |
Computation of Earnings per Share | The following table provides a reconciliation between the computation of basic earnings per share and diluted earnings per share for the three months ended March 31, 2019 and 2018: Three months ended March 31, 2019 2018 Numerator: Net income (loss) $ (687 ) $ 2,811 Denominator: Basic 9,143,316 9,079,043 Dilutive options 58,663 Diluted 9,143,316 9,137,706 Earnings per share: Basic $ (0.08 ) $ 0.31 Diluted $ (0.08 ) $ 0.31 |
Investment securities (Tables)
Investment securities (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Investments, Debt and Equity Securities [Abstract] | |
Schedule of Amortized Cost and Fair Value of Investment Securities Available-for-Sale Aggregated by Investment Category | The amortized cost and fair value of investment securities available-for-sale aggregated by investment category at March 31, 2019 and December 31, 2018 are summarized as follows: March 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State and municipals: Taxable $ 30,811 $ 129 $ 497 $ 30,443 Tax-exempt 7,639 34 5 7,668 Mortgage-backed securities: U.S. Government agencies 27,208 101 27 27,282 U.S. Government-sponsored enterprises 26,632 12 214 26,430 Corporate debt obligations 9,512 651 8,861 Total $ 101,802 $ 276 $ 1,394 $ 100,684 December 31, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value State and municipals: Taxable $ 34,025 $ 145 $ 892 $ 33,278 Tax-exempt 12,970 2 196 12,776 Mortgage-backed securities: U.S. Government agencies 23,715 61 106 23,670 U.S. Government-sponsored enterprises 26,635 11 451 26,195 Corporate debt obligations 9,515 757 8,758 Total $ 106,860 $ 219 $ 2,402 $ 104,677 |
Schedule of Debt Securities Classified Available-for-Sale Maturity Distribution of Fair Value | The maturity distribution of the fair value, which is the net carrying amount, of the debt securities classified as available-for-sale at March 31, 2019, is summarized as follows: March 31, 2019 Fair Value Within one year $ 2,386 After one but within five years 757 After five but within ten years 11,164 After ten years 32,665 46,972 Mortgage-backed securities 53,712 Total $ 100,684 |
Schedule of Fair Value Gross Unrealized Losses of Investment Securities Unrealized Losses | The fair value and gross unrealized losses of investment securities with unrealized losses for which an other-than-temporary impairment (“OTTI”) has not been recognized at March 31, 2019 and December 31, 2018, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, are summarized as follows: Less Than 12 Months 12 Months or More Total March 31, 2019 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses State and municipals: Taxable $ 2,210 $ 15 $ 19,456 $ 482 $ 21,666 $ 497 Tax-exempt 3,697 5 3,697 5 Mortgage-backed securities: U.S. Government agencies 478 1 1,133 26 1,611 27 U.S. Government-sponsored enterprises 11,284 35 6,954 179 18,238 214 Corporate debt obligation 8,861 651 8,861 651 Total $ 13,972 $ 51 $ 40,101 $ 1,343 $ 54,073 $ 1,394 Less Than 12 Months 12 Months or More Total December 31, 2018 Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses State and municipals: Taxable $ 2,300 $ 4 $ 22,943 $ 888 $ 25,243 $ 892 Tax-exempt 1,950 32 9,556 164 11,506 196 Mortgage-backed securities: U.S. Government agencies 7,862 66 1,216 40 9,078 106 U.S. Government-sponsored enterprises 18,110 163 7,133 288 25,243 451 Corporate debt obligation 8,758 757 8,758 757 Total $ 30,222 $ 265 $ 49,606 $ 2,137 $ 79,828 $ 2,402 |
Loans, net and allowance for _2
Loans, net and allowance for loan losses (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Receivables [Abstract] | |
Schedule of Loans Outstanding | The major classifications of loans outstanding, net of deferred loan origination fees and costs at March 31, 2019 and December 31, 2018 are summarized as follows. Net deferred loan costs were $1,018 and $1,026 at March 31, 2019 and December 31, 2018. March 31, 2019 December 31, 2018 Commercial $ 117,324 $ 122,919 Real estate: Construction 43,291 39,556 Commercial 491,650 497,597 Residential 214,501 221,115 Consumer 11,304 11,997 Total $ 878,070 $ 893,184 |
Schedule of Allowance for Loan Losses Account by Major Classification of Loan | The changes in the allowance for loan losses account by major classification of loan for the three months ended March 31, 2019 and 2018 are summarized as follows: Real Estate March 31, 2019 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Beginning Balance January 1, 2019 $ 1,162 $ 404 $ 3,298 $ 1,286 $ 50 $ 148 $ 6,348 Charge-offs (376 ) (144 ) (520 ) Recoveries 5 1 1 68 75 Provisions 232 (123 ) 160 279 183 (148 ) 583 Ending balance $ 1,023 $ 281 $ 3,459 $ 1,566 $ 157 $ $ 6,486 Real Estate March 31, 2018 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Beginning Balance January 1, 2018 $ 1,206 $ 379 $ 2,963 $ 1,340 $ 37 $ 381 $ 6,306 Charge-offs (77 ) (50 ) (99 ) (226 ) Recoveries 3 2 1 39 45 Provisions (316 ) 5 493 (112 ) 55 265 390 Ending balance $ 816 $ 384 $ 3,458 $ 1,179 $ 32 $ 646 $ 6,515 The allocation of the allowance for loan losses and the related loans by major classifications of loans at March 31, 2019 and December 31, 2018 is summarized as follows: Real Estate March 31, 2019 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Ending balance $ 1,023 $ 281 $ 3,459 $ 1,566 $ 157 $ $ 6,486 Ending balance: individually evaluated for impairment 77 91 55 223 Ending balance: collectively evaluated for impairment 946 281 3,368 1,511 157 6,263 Ending balance: purchased credit impaired loans $ $ $ $ $ $ $ Loans receivable: Ending balance $ 117,324 $ 43,291 $ 491,650 $ 214,501 $ 11,304 $ $ 878,070 Ending balance: individually evaluated for impairment 946 85 1,475 2,147 4,653 Ending balance: collectively evaluated for impairment 116,294 43,206 487,022 212,104 11,304 869,930 Ending balance: purchased credit impaired loans $ 84 $ $ 3,153 $ 250 $ $ $ 3,487 Real Estate December 31, 2018 Commercial Construction Commercial Residential Consumer Unallocated Total Allowance for loan losses: Ending balance $ 1,162 $ 404 $ 3,298 $ 1,286 $ 50 $ 148 $ 6,348 Ending balance: individually evaluated for impairment 382 78 28 488 Ending balance: collectively evaluated for impairment 780 404 3,220 1,258 50 148 5,680 Ending balance: purchased credit impaired loans $ $ $ $ $ $ $ Loans receivable: Ending balance $ 122,919 $ 39,556 $ 497,597 $ 221,115 $ 11,997 $ $ 893,184 Ending balance: individually evaluated for impairment 1,249 1,643 2,146 5,038 Ending balance: collectively evaluated for impairment 121,521 39,556 492,779 218,468 11,997 884,321 Ending balance: purchased credit impaired loans $ 149 $ $ 3,175 $ 501 $ $ $ 3,825 |
Summary of Major Classification of Loans Summarized by Aggregate Pass Rating | The following tables present the major classification of loans summarized by the aggregate pass rating and the classified ratings of special mention, substandard and doubtful within the Company’s internal risk rating system at March 31, 2019 and December 31, 2018: March 31, 2019 Pass Special Mention Substandard Doubtful Total Commercial $ 104,705 $ 9,043 $ 3,576 $ 117,324 Real estate: Construction 43,043 163 85 43,291 Commercial 458,865 19,076 13,709 491,650 Residential 210,296 2,084 2,121 214,501 Consumer 11,304 11,304 Total $ 828,213 $ 30,366 $ 19,491 $ 878,070 December 31, 2018 Pass Special Substandard Doubtful Total Commercial $ 109,609 $ 9,123 $ 4,187 $ 122,919 Real estate: Construction 39,265 291 39,556 Commercial 471,364 13,106 13,127 497,597 Residential 216,218 2,126 2,771 221,115 Consumer 11,997 11,997 Total $ 848,453 $ 24,355 $ 20,376 $ 893,184 |
Summary of Classes of Loan Portfolio Summarized by Aging Categories of Performing Loans and Nonaccrual Loans | The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of March 31, 2019 and December 31, 2018. Purchase credit impaired (“PCI”) loans are excluded from the aging and nonaccrual loan schedules. Accrual Loans March 31, 2019 30-59 Days Past Due 60-89 Days Past Due 90 or More Days Past Due Total Past Due Current Nonaccrual Loans Total Loans Commercial $ 56 $ $ $ 56 $ 116,343 $ 841 $ 117,240 Real estate: Construction 250 250 42,957 84 43,291 Commercial 1,244 4 81 1,329 486,471 697 488,497 Residential 1,668 249 20 1,937 211,293 1,021 214,251 Consumer 65 27 21 113 11,191 11,304 Total $ 3,283 $ 280 $ 122 $ 3,685 $ 868,255 $ 2,643 $ 874,583 Purchased credit impaired loans 3,487 Total Loans $ 878,070 Accrual Loans December 31, 2018 30-59 Days Past Due 60-89 Days Past Due 90 or More Days Past Due Total Past Due Current Nonaccrual Loans Total Loans Commercial $ 69 $ 128 $ 82 $ 279 $ 121,350 $ 1,141 $ 122,770 Real estate: Construction 11 655 247 913 38,643 39,556 Commercial 467 538 170 1,175 492,545 702 494,422 Residential 4,537 1,322 290 6,149 213,579 886 220,614 Consumer 124 57 50 231 11,766 11,997 Total $ 5,208 $ 2,700 $ 839 $ 8,747 $ 877,883 $ 2,729 $ 889,359 Purchased credit impaired loans 3,825 Total Loans $ 893,184 |
Schedule of Information Concerning Impaired Loans | The following tables summarize information concerning impaired loans as of and for the three months ended March 31, 2019 and 2018, and as of and for the year ended, December 31, 2018 by major loan classification: This Quarter March 31, 2019 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial $ 189 $ 189 $ 169 $ 23 Real estate: Construction 85 85 43 Commercial 4,257 4,257 4,271 100 Residential 2,217 2,217 2,342 91 Consumer Total 6,748 6,748 6,825 214 With an allowance recorded: Commercial 841 841 $ 77 1,045 Real estate: Construction Commercial 371 371 91 453 4 Residential 180 318 55 181 1 Consumer Total 1,392 1,530 223 1,679 5 Commercial 1,030 1,030 77 1,214 23 Real estate: Construction 85 85 43 Commercial 4,628 4,628 91 4,724 104 Residential 2,397 2,535 55 2,523 92 Consumer Total $ 8,140 $ 8,278 $ 223 $ 8,504 $ 219 For the Year Ended December 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial $ 149 $ 149 $ 459 $ 564 Real estate: Construction Commercial 4,284 4,284 6,382 2,846 Residential 2,466 2,466 2,875 460 Consumer Total 6,899 6,899 9,716 3,870 With an allowance recorded: Commercial 1,249 1,249 $ 382 1,117 7 Real estate: Construction Commercial 534 534 78 676 17 Residential 181 319 28 184 3 Consumer Total 1,964 2,102 488 1,977 27 Commercial 1,398 1,398 382 1,576 571 Real estate: Construction Commercial 4,818 4,818 78 7,058 2,863 Residential 2,647 2,785 28 3,059 463 Consumer Total $ 8,863 $ 9,001 $ 488 $ 11,693 $ 3,897 This Quarter March 31, 2018 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance: Commercial $ 1,033 $ 1,033 $ 1,119 $ 353 Real estate: Construction Commercial 8,084 8,084 8,736 1,035 Residential 3,152 3,170 3,252 79 Consumer Total 12,269 12,287 13,107 1,467 With an allowance recorded: Commercial 1,105 1,105 $ 69 442 2 Real estate: Construction Commercial 534 534 78 535 6 Residential 186 324 47 187 2 Consumer Total 1,825 1,963 194 1,164 10 Commercial 2,138 2,138 69 1,561 355 Real estate: Construction Commercial 8,618 8,618 78 9,271 1,041 Residential 3,338 3,494 47 3,439 81 Consumer Total $ 14,094 $ 14,250 $ 194 $ 14,271 $ 1,477 |
Summary of Unpaid Principal Balances and Related Carrying Amounts of Union Acquired Loans | The unpaid principal balances and the related carrying amount of acquired loans as of March 31, 2019 and December 31, 2018 were as follows: March 31, 2019 December 31, 2018 Credit impaired purchased loans evaluated individually for incurred credit losses: Outstanding balance $ 6,970 $ 7,491 Carrying Amount 3,487 3,825 Other purchased loans evaluated collectively for incurred credit losses: Outstanding balance 297,987 315,013 Carrying Amount 297,522 314,328 Total Purchased Loans: Outstanding balance 304,957 322,504 Carrying Amount $ 301,009 $ 318,153 |
Summary of Changes in Accretable Discount Related to Purchased Credit Impaired Loans | As of the indicated dates, the changes in the accretable discount related to the purchased credit impaired loans were as follows: Quarter Ended March 31, 2019 2018 Balance—beginning of period $ 579 $ 2,129 Additions Accretion recognized during the period (183 ) (1,443 ) Net reclassification from non-accretable to accretable 34 969 Balance—end of period $ 430 $ 1,655 |
Other assets (Tables)
Other assets (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Components of Other Assets | The components of other assets at March 31, 2019 and December 31, 2018 are summarized as follows: March 31, 2019 December 31, 2018 Other real estate owned $ 461 $ 721 Bank owned life insurance 30,049 29,862 Restricted equity securities 1,008 1,054 Deferred tax assets 5,721 5,884 Lease right-to-use assets 3,606 Other assets 7,361 4,635 Total $ 48,206 $ 42,156 |
Leases (Tables)
Leases (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Leases [Abstract] | |
Summary of Other Information Related to Our Operating Leases | The table below summarizes other information related to our operating leases: Three Months Ended Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 136 ROU assets obtained in exchange for lease liabilities $ 3,719 Weighted average remaining lease term—operating leases, in years 12.10 Weighted average discount rate—operating leases 3.29 % |
Summary of Lease Payment Obligation | The following table outlines lease payment obligations as outlined in the Company’s lease agreements for each of the next five years and thereafter in addition to a reconcilement to the Company’s current lease liability. 2019 $ 410 2020 530 2021 531 2022 496 2023 352 Thereafter 2,239 Total lease payments 4,558 Less imputed interest (942 ) $ 3,616 |
Fair value estimates (Tables)
Fair value estimates (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Fair Value Disclosures [Abstract] | |
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis at March 31, 2019 and December 31, 2018 are summarized as follows: Fair Value Measurement Using March 31, 2019 Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) State and Municipals: Taxable $ 30,443 $ 30,443 Tax-exempt 7,668 7,668 Mortgage-backed securities: U.S. Government agencies 27,282 27,282 U.S. Government-sponsored enterprises 26,430 26,430 Corporate debt obligations 8,861 8,861 Total $ 100,684 $ 100,684 Fair Value Measurement Using December 31, 2018 Amount Quoted Prices in Significant Significant State and municipals: Taxable $ 33,278 $ 33,278 Tax-exempt 12,776 12,776 Mortgage-backed securities: U.S. Government agencies 23,670 23,670 U.S. Government-sponsored enterprises 26,195 26,195 Corporate debt obligations 8,758 8,758 Total $ 104,677 $ 104,677 |
Summary of Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | Assets and liabilities measured at fair value on a nonrecurring basis at March 31, 2019 and December 31, 2018 are summarized as follows: Fair Value Measurement Using March 31, 2019 Amount (Level 1) Quoted Prices in Active Markets for Identical Assets (Level 2) Significant Other Observable Inputs (Level 3) Significant Unobservable Inputs Other real estate owned $ 461 $ 461 Impaired loans, net of related allowance 1,169 1,169 Total $ 1,630 $ 1,630 Fair Value Measurement Using December 31, 2018 Amount (Level 1) (Level 2) (Level 3) Other real estate owned $ 721 $ 721 Impaired loans, net of related allowance 1,476 1,476 Total $ 2,197 $ 2,197 |
Additional Quantitative Information about Assets Measured at Fair Value on Nonrecurring Basis | The following tables present additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company utilized Level 3 inputs to determine fair value at March 31, 2019 and December 31, 2018 Quantitative Information about Level 3 Fair Value Measurements March 31, 2019 Fair Value Valuation Techniques Unobservable Input Range Other real estate owned $ 461 Appraisal of collateral Appraisal adjustments 8.0% to 69.0% ( 33.1 )% Liquidation expenses 7.0% to 7.0 7.0 )% Impaired loans $ 1,169 Appraisal of collateral Appraisal adjustments 0.0% to 0.0 0.0 )% Liquidation expenses 6.0% to 25.0% ( 12.3 )% Quantitative Information about Level 3 Fair Value Measurements December 31, 2018 Fair Value Valuation Techniques Unobservable Input Range Other real estate owned $ 721 Appraisal of collateral Appraisal adjustments 0.0% to 69.0% ( 28.4 )% Liquidation expenses 0.0% to 7.0 7.0 )% Impaired loans $ 1,476 Appraisal of collateral Appraisal adjustments 0.0% to 0.0 0.0 )% Liquidation expenses 7.0% to 25.0% ( 10.3 )% |
Carrying and Fair Values of Riverview's Financial Instruments | The carrying and fair values of the Company’s financial instruments at March 31, 2019 and December 31, 2018 and their placement within the fair value hierarchy are as follows: Fair Value Hierarchy March 31, 2019 Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets: Cash and cash equivalents $ 68,101 $ 68,101 $ 68,101 Investment securities 100,684 100,684 $ 100,684 Loans held for sale 695 695 695 Net loans (1) 871,584 857,801 $ 857,801 Accrued interest receivable 3,018 3,018 737 2,281 Financial liabilities: Deposits $ 1,001,029 $ 998,430 $ 998,430 Long-term debt 6,912 6,912 6,912 Accrued interest payable 475 475 475 Fair Value Hierarchy December 31, 2018 Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Financial assets: Cash and cash equivalents $ 53,816 $ 53,816 $ 53,816 Investment securities available-for-sale 104,677 104,677 $ 104,677 Loans held for sale 637 637 637 Net loans (1) 886,836 872,455 $ 872,455 Accrued interest receivable 3,010 3,010 663 2,347 Financial liabilities: Deposits $ 1,004,593 $ 999,929 $ 999,929 Long-term debt 6,892 6,892 6,892 Accrued interest payable 484 484 484 (1) The carrying amount is net of unearned income and the allowance for loan losses in accordance with the adoption of ASU No. 2016-01 where the fair value of loans as of March 31, 2019 and December 31, 2018 was measured using an exit price notion. |
Revenue recognition (Tables)
Revenue recognition (Tables) | 3 Months Ended |
Mar. 31, 2019 | |
Revenue from Contract with Customer [Abstract] | |
Summary of Noninterest Income, Segregated by Revenue Streams in-Scope and Out-of-Scope of Topic 606 | The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three months ended March 31, 2019 and 2018. March 31, 2019 2018 Noninterest Income: In-scope of Topic 606: Service charges, fees and commissions $ 1,053 $ 1,228 Trust and asset management 507 364 Noninterest income (in-scope of Topic 606) 1,560 1,592 Noninterest income (out-of-scope of Topic 606) 251 361 Total noninterest income $ 1,811 $ 1,953 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019USD ($)Office | Jan. 01, 2019USD ($) | |
Summary Of Significant Accounting Policies [Line Items] | ||
Number of full service offices | Office | 28 | |
Number of limited purpose offices | Office | 4 | |
Operating lease, right-of-use asset | $ 3,606 | |
Operating lease, liability | $ 3,616 | |
Accounting Standards Update 2016-02 [Member] | ||
Summary Of Significant Accounting Policies [Line Items] | ||
Operating lease, right-of-use asset | $ 3,719 | |
Operating lease, liability | $ 3,719 |
Other comprehensive income (l_3
Other comprehensive income (loss) - Summary of Components of Accumulated Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Income tax benefit | $ 224 | $ (225) | |
Net of income taxes | 841 | $ (850) | |
Accumulated other comprehensive loss | (1,778) | $ (2,619) | |
Unrealized Losses on Available-for-Sale [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Benefit plan adjustments | (1,118) | (2,183) | |
Income tax benefit | (234) | (458) | |
Net of income taxes | (884) | (1,725) | |
Defined Benefit Pension Items [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Benefit plan adjustments | (1,132) | (1,132) | |
Income tax benefit | (238) | (238) | |
Net of income taxes | $ (894) | $ (894) |
Other comprehensive income (l_4
Other comprehensive income (loss) - Schedule of Other Comprehensive Income (Loss) and Related Tax Effects (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | ||
Other Comprehensive Income (Loss), Tax [Abstract] | |||
Unrealized gain (loss) on investment securities available-for-sale | $ 1,023 | $ (1,075) | |
Net loss (gain) on the sale of investment securities available-for-sale | [1] | 42 | |
Other comprehensive gain (loss) before taxes | 1,065 | (1,075) | |
Income tax expense (benefit) | 224 | (225) | |
Other comprehensive gain (loss) | $ 841 | $ (850) | |
[1] | Represents amounts reclassified out of accumulated other comprehensive income and included in net loss (gain) on sale of investment securities on the consolidated statements of income and comprehensive income. |
Earnings Per Share - Additional
Earnings Per Share - Additional Information (Detail) - shares | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Stock options excluded from the dilutive earnings per share calculation | 43,350 | 0 |
Earnings per share - Computatio
Earnings per share - Computation of Earnings per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Numerator: | ||
Net income (loss) | $ (687) | $ 2,811 |
Denominator: | ||
Basic | 9,143,316 | 9,079,043 |
Dilutive options | 58,663 | |
Diluted | 9,143,316 | 9,137,706 |
Basic | $ (0.08) | $ 0.31 |
Diluted | $ (0.08) | $ 0.31 |
Investment Securities - Schedul
Investment Securities - Schedule of Amortized Cost and Fair Value of Investment Securities Available-for-Sale Aggregated by Investment Category (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 101,802 | $ 106,860 |
Gross Unrealized Gains | 276 | 219 |
Gross Unrealized Losses | 1,394 | 2,402 |
Fair Value | 100,684 | 104,677 |
Taxable [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 30,811 | 34,025 |
Gross Unrealized Gains | 129 | 145 |
Gross Unrealized Losses | 497 | 892 |
Fair Value | 30,443 | 33,278 |
Tax-Exempt [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 7,639 | 12,970 |
Gross Unrealized Gains | 34 | 2 |
Gross Unrealized Losses | 5 | 196 |
Fair Value | 7,668 | 12,776 |
Mortgage-Backed Securities - U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 27,208 | 23,715 |
Gross Unrealized Gains | 101 | 61 |
Gross Unrealized Losses | 27 | 106 |
Fair Value | 27,282 | 23,670 |
Mortgage-backed Securities - U.S. Government-sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 26,632 | 26,635 |
Gross Unrealized Gains | 12 | 11 |
Gross Unrealized Losses | 214 | 451 |
Fair Value | 26,430 | 26,195 |
Corporate Debt Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 9,512 | 9,515 |
Gross Unrealized Losses | 651 | 757 |
Fair Value | $ 8,861 | $ 8,758 |
Investment Securities - Additio
Investment Securities - Additional Information (Detail) $ in Thousands | Mar. 31, 2019USD ($)Securities | Dec. 31, 2018USD ($)Securities |
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities pledged as collateral, carrying value | $ | $ 68,184 | $ 71,797 |
Available-for-sale securities in unrealized loss position, number of securities | 56 | 92 |
Taxable [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in unrealized loss position, number of securities | 26 | 39 |
Available-for-sale securities in unrealized loss position for twelve months or more, number of securities | 24 | 35 |
Tax-exempt Municipal Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in unrealized loss position, number of securities | 22 | |
Available-for-sale securities in unrealized loss position for twelve months or more, number of securities | 19 | |
Mortgage-Backed Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in unrealized loss position, number of securities | 20 | 27 |
Available-for-sale securities in unrealized loss position for twelve months or more, number of securities | 13 | 13 |
Investment Securities - Sched_2
Investment Securities - Schedule of Debt Securities Classified Available-for-Sale Maturity Distribution of Fair Value (Detail) $ in Thousands | Mar. 31, 2019USD ($) |
Schedule of Available-for-sale Securities [Line Items] | |
Available-for-sale securities, Within one year, Fair Value | $ 2,386 |
Available-for-sale securities, After one but within five years, Fair Value | 757 |
Available-for-sale securities, After five but within ten years, Fair Value | 11,164 |
Available-for-sale securities, After ten years, Fair Value | 32,665 |
Available-for-sale securities, Single maturity, Fair Value | 46,972 |
Total available-for-sale securities, Fair Value | 100,684 |
Mortgage-Backed Securities [Member] | |
Schedule of Available-for-sale Securities [Line Items] | |
Available-for-sale securities, Without single maturity, Fair Value | $ 53,712 |
Investment Securities Available
Investment Securities Available-for-Sale - Schedule of Fair Value Gross Unrealized Losses of Investment Securities Unrealized Losses (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Fair Value | $ 13,972 | $ 30,222 |
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Unrealized Losses | 51 | 265 |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Fair Value | 40,101 | 49,606 |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Unrealized Losses | 1,343 | 2,137 |
Available-for-sale securities in a continuous loss position, Fair Value | 54,073 | 79,828 |
Available-for-sale securities in a continuous loss position, Unrealized Losses | 1,394 | 2,402 |
Taxable [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Fair Value | 2,210 | 2,300 |
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Unrealized Losses | 15 | 4 |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Fair Value | 19,456 | 22,943 |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Unrealized Losses | 482 | 888 |
Available-for-sale securities in a continuous loss position, Fair Value | 21,666 | 25,243 |
Available-for-sale securities in a continuous loss position, Unrealized Losses | 497 | 892 |
Tax-Exempt [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Fair Value | 1,950 | |
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Unrealized Losses | 32 | |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Fair Value | 3,697 | 9,556 |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Unrealized Losses | 5 | 164 |
Available-for-sale securities in a continuous loss position, Fair Value | 3,697 | 11,506 |
Available-for-sale securities in a continuous loss position, Unrealized Losses | 5 | 196 |
Mortgage-Backed Securities - U.S. Government Agencies [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Fair Value | 478 | 7,862 |
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Unrealized Losses | 1 | 66 |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Fair Value | 1,133 | 1,216 |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Unrealized Losses | 26 | 40 |
Available-for-sale securities in a continuous loss position, Fair Value | 1,611 | 9,078 |
Available-for-sale securities in a continuous loss position, Unrealized Losses | 27 | 106 |
Mortgage-backed Securities - U.S. Government-sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Fair Value | 11,284 | 18,110 |
Available-for-sale securities in a continuous loss position, Less Than 12 Months, Unrealized Losses | 35 | 163 |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Fair Value | 6,954 | 7,133 |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Unrealized Losses | 179 | 288 |
Available-for-sale securities in a continuous loss position, Fair Value | 18,238 | 25,243 |
Available-for-sale securities in a continuous loss position, Unrealized Losses | 214 | 451 |
Corporate Debt Obligations [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-sale securities in a continuous loss position, More Than 12 Months, Fair Value | 8,861 | 8,758 |
Available-for-sale securities in a continuous loss position, More Than 12 Months, Unrealized Losses | 651 | 757 |
Available-for-sale securities in a continuous loss position, Fair Value | 8,861 | 8,758 |
Available-for-sale securities in a continuous loss position, Unrealized Losses | $ 651 | $ 757 |
Loans, Net and Allowance for _3
Loans, Net and Allowance for Loan Losses - Additional Information (Detail) | 3 Months Ended | |||||
Mar. 31, 2019USD ($)Contract | Mar. 31, 2018USD ($)Contract | Dec. 31, 2018USD ($) | Oct. 01, 2017Loan | Dec. 31, 2015Loan | Nov. 01, 2013Loan | |
Financing Receivable, Impaired [Line Items] | ||||||
Deferred loan fees, net | $ 1,018,000 | $ 1,026,000 | ||||
Number of related party loans classified as nonaccrual, past due, or restructured or considered a potential credit risk | Contract | 0 | 0 | ||||
Interest income, related to impaired loans | $ 60,000 | $ 47,000 | ||||
Troubled debt restructurings, amount | $ 2,765,000 | $ 5,429,000 | 2,925,000 | |||
Troubled Debt Restructurings, Number of Contracts | Contract | 1 | 0 | ||||
Unused Commitments | $ 139,086,000 | 161,732,000 | ||||
Union Bank [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Purchased credit impaired loans | Loan | 10 | |||||
Citizens National Bank of Meyersdale [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Purchased credit impaired loans | Loan | 14 | |||||
CBT Financial Corp [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Purchased credit impaired loans | Loan | 37 | |||||
Unfunded Loan Commitment [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Unused Commitments | 71,867,000 | 96,431,000 | ||||
Unused lines of Credit [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Unused Commitments | 61,488,000 | 59,512,000 | ||||
Financial Standby Letter of Credit [Member] | ||||||
Financing Receivable, Impaired [Line Items] | ||||||
Unused Commitments | $ 5,731,000 | $ 5,789,000 |
Loans, Net and Allowance for _4
Loans, Net and Allowance for Loan Losses - Schedule of Loans Outstanding (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Receivables [Abstract] | ||
Commercial | $ 117,324 | $ 122,919 |
Construction | 43,291 | 39,556 |
Commercial | 491,650 | 497,597 |
Residential | 214,501 | 221,115 |
Consumer | 11,304 | 11,997 |
Total | $ 878,070 | $ 893,184 |
Loans, Net and Allowance for _5
Loans, Net and Allowance for Loan Losses - Schedule of Allowance for Loan Losses Account by Major Classification of Loan (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning balance | $ 6,348 | $ 6,306 | |
Allowance for Loan Losses, Charge-offs | (520) | (226) | |
Allowance for Loan Losses, Recoveries | 75 | 45 | |
Allowance for Loan Losses, Provision | 583 | 390 | |
Allowance for Loan Losses, Ending balance | 6,486 | 6,515 | |
Ending balance: individually evaluated for impairment | 223 | $ 488 | |
Ending balance: collectively evaluated for impairment | 6,263 | 5,680 | |
Ending balance | 878,070 | 893,184 | |
Ending balance: individually evaluated for impairment | 4,653 | 5,038 | |
Ending balance: collectively evaluated for impairment | 869,930 | 884,321 | |
Ending balance: purchased credit impaired loans | 3,487 | 3,825 | |
Commercial [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning balance | 1,162 | 1,206 | |
Allowance for Loan Losses, Charge-offs | (376) | (77) | |
Allowance for Loan Losses, Recoveries | 5 | 3 | |
Allowance for Loan Losses, Provision | 232 | (316) | |
Allowance for Loan Losses, Ending balance | 1,023 | 816 | |
Ending balance: individually evaluated for impairment | 77 | 382 | |
Ending balance: collectively evaluated for impairment | 946 | 780 | |
Ending balance | 117,324 | 122,919 | |
Ending balance: individually evaluated for impairment | 946 | 1,249 | |
Ending balance: collectively evaluated for impairment | 116,294 | 121,521 | |
Ending balance: purchased credit impaired loans | 84 | 149 | |
Real Estate Construction [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning balance | 404 | 379 | |
Allowance for Loan Losses, Provision | (123) | 5 | |
Allowance for Loan Losses, Ending balance | 281 | 384 | |
Ending balance: collectively evaluated for impairment | 281 | 404 | |
Ending balance | 43,291 | 39,556 | |
Ending balance: individually evaluated for impairment | 85 | ||
Ending balance: collectively evaluated for impairment | 43,206 | 39,556 | |
Real Estate Commercial [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning balance | 3,298 | 2,963 | |
Allowance for Loan Losses, Recoveries | 1 | 2 | |
Allowance for Loan Losses, Provision | 160 | 493 | |
Allowance for Loan Losses, Ending balance | 3,459 | 3,458 | |
Ending balance: individually evaluated for impairment | 91 | 78 | |
Ending balance: collectively evaluated for impairment | 3,368 | 3,220 | |
Ending balance | 491,650 | 497,597 | |
Ending balance: individually evaluated for impairment | 1,475 | 1,643 | |
Ending balance: collectively evaluated for impairment | 487,022 | 492,779 | |
Ending balance: purchased credit impaired loans | 3,153 | 3,175 | |
Real Estate Residential [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning balance | 1,286 | 1,340 | |
Allowance for Loan Losses, Charge-offs | (50) | ||
Allowance for Loan Losses, Recoveries | 1 | 1 | |
Allowance for Loan Losses, Provision | 279 | (112) | |
Allowance for Loan Losses, Ending balance | 1,566 | 1,179 | |
Ending balance: individually evaluated for impairment | 55 | 28 | |
Ending balance: collectively evaluated for impairment | 1,511 | 1,258 | |
Ending balance | 214,501 | 221,115 | |
Ending balance: individually evaluated for impairment | 2,147 | 2,146 | |
Ending balance: collectively evaluated for impairment | 212,104 | 218,468 | |
Ending balance: purchased credit impaired loans | 250 | 501 | |
Consumer [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning balance | 50 | 37 | |
Allowance for Loan Losses, Charge-offs | (144) | (99) | |
Allowance for Loan Losses, Recoveries | 68 | 39 | |
Allowance for Loan Losses, Provision | 183 | 55 | |
Allowance for Loan Losses, Ending balance | 157 | 32 | |
Ending balance: collectively evaluated for impairment | 157 | 50 | |
Ending balance | 11,304 | 11,997 | |
Ending balance: collectively evaluated for impairment | 11,304 | 11,997 | |
Unallocated [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Allowance for Loan Losses, Beginning balance | 148 | 381 | |
Allowance for Loan Losses, Provision | $ (148) | 265 | |
Allowance for Loan Losses, Ending balance | $ 646 | ||
Ending balance: collectively evaluated for impairment | $ 148 |
Loans, Net and Allowance for _6
Loans, Net and Allowance for Loan Losses - Summary of Major Classification of Loans Summarized by Aggregate Pass Rating (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | $ 878,070 | $ 893,184 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 117,324 | 122,919 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 43,291 | 39,556 |
Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 491,650 | 497,597 |
Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 214,501 | 221,115 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 11,304 | 11,997 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 828,213 | 848,453 |
Pass [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 104,705 | 109,609 |
Pass [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 43,043 | 39,265 |
Pass [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 458,865 | 471,364 |
Pass [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 210,296 | 216,218 |
Pass [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 11,304 | 11,997 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 30,366 | 24,355 |
Special Mention [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 9,043 | 9,123 |
Special Mention [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 163 | |
Special Mention [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 19,076 | 13,106 |
Special Mention [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 2,084 | 2,126 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 19,491 | 20,376 |
Substandard [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 3,576 | 4,187 |
Substandard [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 85 | 291 |
Substandard [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | 13,709 | 13,127 |
Substandard [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Loans receivable | $ 2,121 | $ 2,771 |
Loans, Net and Allowance for _7
Loans, Net and Allowance for Loan Losses - Summary of Classes of Loan Portfolio Summarized by Aging Categories of Performing Loans and Nonaccrual Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | $ 878,070 | $ 893,184 |
Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | 117,324 | 122,919 |
Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | 43,291 | 39,556 |
Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | 491,650 | 497,597 |
Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | 214,501 | 221,115 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | 11,304 | 11,997 |
Performing Loans and Non Accrual Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 3,685 | 8,747 |
Current | 868,255 | 877,883 |
Nonaccrual Loans | 2,643 | 2,729 |
Total | 874,583 | 889,359 |
Performing Loans and Non Accrual Loans [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 56 | 279 |
Current | 116,343 | 121,350 |
Nonaccrual Loans | 841 | 1,141 |
Total | 117,240 | 122,770 |
Performing Loans and Non Accrual Loans [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 250 | 913 |
Current | 42,957 | 38,643 |
Nonaccrual Loans | 84 | |
Total | 43,291 | 39,556 |
Performing Loans and Non Accrual Loans [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,329 | 1,175 |
Current | 486,471 | 492,545 |
Nonaccrual Loans | 697 | 702 |
Total | 488,497 | 494,422 |
Performing Loans and Non Accrual Loans [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,937 | 6,149 |
Current | 211,293 | 213,579 |
Nonaccrual Loans | 1,021 | 886 |
Total | 214,251 | 220,614 |
Performing Loans and Non Accrual Loans [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 113 | 231 |
Current | 11,191 | 11,766 |
Total | 11,304 | 11,997 |
Performing Loans and Non Accrual Loans [Member] | 30-59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 3,283 | 5,208 |
Performing Loans and Non Accrual Loans [Member] | 30-59 Days Past Due [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 56 | 69 |
Performing Loans and Non Accrual Loans [Member] | 30-59 Days Past Due [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 250 | 11 |
Performing Loans and Non Accrual Loans [Member] | 30-59 Days Past Due [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,244 | 467 |
Performing Loans and Non Accrual Loans [Member] | 30-59 Days Past Due [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,668 | 4,537 |
Performing Loans and Non Accrual Loans [Member] | 30-59 Days Past Due [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 65 | 124 |
Performing Loans and Non Accrual Loans [Member] | 60-89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 280 | 2,700 |
Performing Loans and Non Accrual Loans [Member] | 60-89 Days Past Due [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 128 | |
Performing Loans and Non Accrual Loans [Member] | 60-89 Days Past Due [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 655 | |
Performing Loans and Non Accrual Loans [Member] | 60-89 Days Past Due [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 4 | 538 |
Performing Loans and Non Accrual Loans [Member] | 60-89 Days Past Due [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 249 | 1,322 |
Performing Loans and Non Accrual Loans [Member] | 60-89 Days Past Due [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 27 | 57 |
Performing Loans and Non Accrual Loans [Member] | 90 Days and Greater [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 122 | 839 |
Performing Loans and Non Accrual Loans [Member] | 90 Days and Greater [Member] | Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 82 | |
Performing Loans and Non Accrual Loans [Member] | 90 Days and Greater [Member] | Real Estate Construction [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 247 | |
Performing Loans and Non Accrual Loans [Member] | 90 Days and Greater [Member] | Real Estate Commercial [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 81 | 170 |
Performing Loans and Non Accrual Loans [Member] | 90 Days and Greater [Member] | Real Estate Residential [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 20 | 290 |
Performing Loans and Non Accrual Loans [Member] | 90 Days and Greater [Member] | Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 21 | 50 |
Purchased Credit Impaired Loans [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total | $ 3,487 | $ 3,825 |
Loans, Net and Allowance for _8
Loans, Net and Allowance for Loan Losses - Schedule of Information Concerning Impaired Loans (Detail) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | Dec. 31, 2018 | |
Financing Receivable, Impaired [Line Items] | |||
Impaired loans with no related allowance recorded, recorded investment | $ 6,748 | $ 12,269 | $ 6,899 |
Impaired loans with an allowance recorded, recorded investment | 1,392 | 1,825 | 1,964 |
Impaired loans, recorded investment | 8,140 | 14,094 | 8,863 |
Impaired loans with no related allowance recorded, unpaid principal balance | 6,748 | 12,287 | 6,899 |
Impaired loans with an allowance recorded, unpaid principal balance | 1,530 | 1,963 | 2,102 |
Impaired loans, unpaid principal balance | 8,278 | 14,250 | 9,001 |
Impaired loans with an allowance recorded, related allowance | 223 | 194 | 488 |
Impaired loans, related allowance | 223 | 194 | 488 |
Impaired loans with no related allowance recorded, average recorded investment | 6,825 | 13,107 | 9,716 |
Impaired loans with an allowance recorded, average recorded investment | 1,679 | 1,164 | 1,977 |
Impaired loans, average recorded investment | 8,504 | 14,271 | 11,693 |
Impaired loans with no related allowance recorded, interest income recognized | 214 | 1,467 | 3,870 |
Impaired loans with an allowance recorded, interest income recognized | 5 | 10 | 27 |
Impaired loans, interest income recognized | 219 | 1,477 | 3,897 |
Commercial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans with no related allowance recorded, recorded investment | 189 | 1,033 | 149 |
Impaired loans with an allowance recorded, recorded investment | 841 | 1,105 | 1,249 |
Impaired loans, recorded investment | 1,030 | 2,138 | 1,398 |
Impaired loans with no related allowance recorded, unpaid principal balance | 189 | 1,033 | 149 |
Impaired loans with an allowance recorded, unpaid principal balance | 841 | 1,105 | 1,249 |
Impaired loans, unpaid principal balance | 1,030 | 2,138 | 1,398 |
Impaired loans with an allowance recorded, related allowance | 77 | 69 | 382 |
Impaired loans, related allowance | 77 | 69 | 382 |
Impaired loans with no related allowance recorded, average recorded investment | 169 | 1,119 | 459 |
Impaired loans with an allowance recorded, average recorded investment | 1,045 | 442 | 1,117 |
Impaired loans, average recorded investment | 1,214 | 1,561 | 1,576 |
Impaired loans with no related allowance recorded, interest income recognized | 23 | 353 | 564 |
Impaired loans with an allowance recorded, interest income recognized | 2 | 7 | |
Impaired loans, interest income recognized | 23 | 355 | 571 |
Real Estate Commercial [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans with no related allowance recorded, recorded investment | 4,257 | 8,084 | 4,284 |
Impaired loans with an allowance recorded, recorded investment | 371 | 534 | 534 |
Impaired loans, recorded investment | 4,628 | 8,618 | 4,818 |
Impaired loans with no related allowance recorded, unpaid principal balance | 4,257 | 8,084 | 4,284 |
Impaired loans with an allowance recorded, unpaid principal balance | 371 | 534 | 534 |
Impaired loans, unpaid principal balance | 4,628 | 8,618 | 4,818 |
Impaired loans with an allowance recorded, related allowance | 91 | 78 | 78 |
Impaired loans, related allowance | 91 | 78 | 78 |
Impaired loans with no related allowance recorded, average recorded investment | 4,271 | 8,736 | 6,382 |
Impaired loans with an allowance recorded, average recorded investment | 453 | 535 | 676 |
Impaired loans, average recorded investment | 4,724 | 9,271 | 7,058 |
Impaired loans with no related allowance recorded, interest income recognized | 100 | 1,035 | 2,846 |
Impaired loans with an allowance recorded, interest income recognized | 4 | 6 | 17 |
Impaired loans, interest income recognized | 104 | 1,041 | 2,863 |
Real Estate Residential [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans with no related allowance recorded, recorded investment | 2,217 | 3,152 | 2,466 |
Impaired loans with an allowance recorded, recorded investment | 180 | 186 | 181 |
Impaired loans, recorded investment | 2,397 | 3,338 | 2,647 |
Impaired loans with no related allowance recorded, unpaid principal balance | 2,217 | 3,170 | 2,466 |
Impaired loans with an allowance recorded, unpaid principal balance | 318 | 324 | 319 |
Impaired loans, unpaid principal balance | 2,535 | 3,494 | 2,785 |
Impaired loans with an allowance recorded, related allowance | 55 | 47 | 28 |
Impaired loans, related allowance | 55 | 47 | 28 |
Impaired loans with no related allowance recorded, average recorded investment | 2,342 | 3,252 | 2,875 |
Impaired loans with an allowance recorded, average recorded investment | 181 | 187 | 184 |
Impaired loans, average recorded investment | 2,523 | 3,439 | 3,059 |
Impaired loans with no related allowance recorded, interest income recognized | 91 | 79 | 460 |
Impaired loans with an allowance recorded, interest income recognized | 1 | 2 | 3 |
Impaired loans, interest income recognized | 92 | $ 81 | $ 463 |
Real Estate Construction [Member] | |||
Financing Receivable, Impaired [Line Items] | |||
Impaired loans with no related allowance recorded, recorded investment | 85 | ||
Impaired loans, recorded investment | 85 | ||
Impaired loans with no related allowance recorded, unpaid principal balance | 85 | ||
Impaired loans, unpaid principal balance | 85 | ||
Impaired loans with no related allowance recorded, average recorded investment | 43 | ||
Impaired loans, average recorded investment | $ 43 |
Loans, Net and Allowance for _9
Loans, Net and Allowance for Loan Losses - Summary of Unpaid Principal Balances and Related Carrying Amounts of Acquired Loans (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Outstanding balance | $ 304,957 | $ 322,504 |
Carrying Amount | 301,009 | 318,153 |
Credit Impaired Purchased Loans Evaluated Individually for Incurred Credit Losses [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Outstanding balance | 6,970 | 7,491 |
Carrying Amount | 3,487 | 3,825 |
Other Purchased Loans Evaluated Collectively for Incurred Credit Losses [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Outstanding balance | 297,987 | 315,013 |
Carrying Amount | $ 297,522 | $ 314,328 |
Loans, Net and Allowance for_10
Loans, Net and Allowance for Loan Losses - Summary of Changes in Accretable Discount Related to Purchased Credit Impaired Loans (Detail) - Citizens National Bank of Meyersdale [Member] - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Balance - beginning of period | $ 579 | $ 2,129 |
Accretion recognized during the period | (183) | (1,443) |
Net reclassification from non-accretable to accretable | 34 | 969 |
Balance—end of period | $ 430 | $ 1,655 |
Other Assets - Components of Ot
Other Assets - Components of Other Assets (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Other Assets [Abstract] | ||
Other real estate owned | $ 461 | $ 721 |
Bank owned life insurance | 30,049 | 29,862 |
Restricted equity securities | 1,008 | 1,054 |
Deferred tax assets | 5,721 | 5,884 |
Lease right-to-use assets | 3,606 | |
Other assets | 7,361 | 4,635 |
Total | $ 48,206 | $ 42,156 |
Leases - Additional Information
Leases - Additional Information (Detail) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019USD ($) | Jan. 01, 2019Location | |
Number of Location Leased | Location | 12 | |
Number of property | Location | 32 | |
Operating lease, right-of-use asset | $ 3,606 | |
Operating lease, liability | 3,616 | |
Operating lease cost | $ 147 | |
Maximum [Member] | ||
Remaining lease term | 35 years | |
Minimum [Member] | ||
Remaining lease term | 1 year |
Leases - Summary of Other Infor
Leases - Summary of Other Information Related to Our Operating Leases (Detail) $ in Thousands | 3 Months Ended |
Mar. 31, 2019USD ($) | |
Cash Transaction for amounts included in the measurement of lease liabilities [Abstract] | |
Operating cash flows from operating leases | $ 136 |
ROU assets obtained in exchange for lease liabilities | $ 3,719 |
Weighted average remaining lease term—operating leases, in years | 12 years 1 month 6 days |
Weighted average discount rate—operating leases | 3.29% |
Leases - Summary of Lease Payme
Leases - Summary of Lease Payment Obligation (Detail) $ in Thousands | Mar. 31, 2019USD ($) |
2019 | $ 410 |
2020 | 530 |
2021 | 531 |
2022 | 496 |
2023 | 352 |
Thereafter | 2,239 |
Total lease payments | 4,558 |
Less imputed interest | (942) |
Operating lease liability | $ 3,616 |
Fair value estimates - Financia
Fair value estimates - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | $ 100,684 | $ 104,677 |
Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 100,684 | 104,677 |
Fair Value Measurements Recurring [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 100,684 | 104,677 |
Fair Value Measurements Recurring [Member] | Taxable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 30,443 | 33,278 |
Fair Value Measurements Recurring [Member] | Tax-Exempt [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 7,668 | 12,776 |
Fair Value Measurements Recurring [Member] | Mortgage-Backed Securities - U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 27,282 | 23,670 |
Fair Value Measurements Recurring [Member] | Mortgage-backed Securities - U.S. Government-sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 26,430 | 26,195 |
Fair Value Measurements Recurring [Member] | Corporate Debt Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 8,861 | 8,758 |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 100,684 | 104,677 |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Taxable [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 30,443 | 33,278 |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Tax-Exempt [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 7,668 | 12,776 |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Mortgage-Backed Securities - U.S. Government Agencies [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 27,282 | 23,670 |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Mortgage-backed Securities - U.S. Government-sponsored Enterprises [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | 26,430 | 26,195 |
Fair Value Measurements Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Debt Obligations [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available-for-sale | $ 8,861 | $ 8,758 |
Fair value estimates - Summary
Fair value estimates - Summary of Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Detail) - Fair Value Measurements Nonrecurring [Member] - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | $ 461 | $ 721 |
Impaired loans, net of related allowance | 1,169 | 1,476 |
Total | 1,630 | 2,197 |
Significant Unobservable Inputs (Level 3) [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Other real estate owned | 461 | 721 |
Impaired loans, net of related allowance | 1,169 | 1,476 |
Total | $ 1,630 | $ 2,197 |
Fair value estimates- Additiona
Fair value estimates- Additional Quantitative Information about Assets Measured at Fair Value on Nonrecurring Basis (Detail) - Fair Value Measurements Nonrecurring [Member] - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2019 | Dec. 31, 2018 | |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Estimate | $ 1,630 | $ 2,197 |
Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Estimate | $ 461 | $ 721 |
Valuation Technique | Appraisal of collateral | Appraisal of collateral |
Unobservable Input | Appraisal adjustments | Appraisal adjustments |
Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Unobservable Input | Liquidation expenses | Liquidation expenses |
Impaired Loan [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Fair Value Estimate | $ 1,169 | $ 1,476 |
Valuation Technique | Appraisal of collateral | Appraisal of collateral |
Unobservable Input | Appraisal adjustments | Appraisal adjustments |
Impaired Loan [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Unobservable Input | Liquidation expenses | Liquidation expenses |
Minimum [Member] | Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 8.00% | 0.00% |
Minimum [Member] | Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 7.00% | 0.00% |
Minimum [Member] | Impaired Loan [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 0.00% | 0.00% |
Minimum [Member] | Impaired Loan [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 6.00% | 7.00% |
Maximum [Member] | Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 69.00% | 69.00% |
Maximum [Member] | Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 7.00% | 7.00% |
Maximum [Member] | Impaired Loan [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 0.00% | 0.00% |
Maximum [Member] | Impaired Loan [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 25.00% | 25.00% |
Weighted Average [Member] | Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 33.10% | 28.40% |
Weighted Average [Member] | Other Real Estate Owned [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 7.00% | 7.00% |
Weighted Average [Member] | Impaired Loan [Member] | Level 3 Fair Value Measurements, Appraisal Adjustments [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 0.00% | 0.00% |
Weighted Average [Member] | Impaired Loan [Member] | Level 3 Fair Value Measurements, Liquidation Expenses [Member] | ||
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items] | ||
Range (Weighted Average) | 12.30% | 10.30% |
Fair value estimates- Carrying
Fair value estimates- Carrying and Fair Values of Riverview's Financial Instruments (Detail) - USD ($) $ in Thousands | Mar. 31, 2019 | Dec. 31, 2018 | Mar. 31, 2018 | Dec. 31, 2017 |
Financial assets: | ||||
Cash and cash equivalents | $ 68,101 | $ 53,816 | $ 59,849 | $ 25,786 |
Investment securities available-for-sale | 100,684 | 104,677 | ||
Loans held for sale | 695 | 637 | ||
Net loans | 871,584 | 886,836 | ||
Accrued interest receivable | 3,018 | 3,010 | ||
Financial liabilities: | ||||
Deposits | 1,001,029 | 1,004,593 | ||
Long-term borrowings | 6,912 | 6,892 | ||
Accrued interest payable | 475 | 484 | ||
Carrying Amount [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 68,101 | 53,816 | ||
Investment securities available-for-sale | 100,684 | 104,677 | ||
Loans held for sale | 695 | 637 | ||
Net loans | 871,584 | 886,836 | ||
Accrued interest receivable | 3,018 | 3,010 | ||
Financial liabilities: | ||||
Deposits | 1,001,029 | 1,004,593 | ||
Long-term borrowings | 6,912 | 6,892 | ||
Accrued interest payable | 475 | 484 | ||
Fair Value [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 68,101 | 53,816 | ||
Investment securities available-for-sale | 100,684 | 104,677 | ||
Loans held for sale | 695 | 637 | ||
Net loans | 857,801 | 872,455 | ||
Accrued interest receivable | 3,018 | 3,010 | ||
Financial liabilities: | ||||
Deposits | 998,430 | 999,929 | ||
Long-term borrowings | 6,912 | 6,892 | ||
Accrued interest payable | 475 | 484 | ||
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ||||
Financial assets: | ||||
Cash and cash equivalents | 68,101 | 53,816 | ||
Significant Other Observable Inputs (Level 2) [Member] | ||||
Financial assets: | ||||
Investment securities available-for-sale | 100,684 | 104,677 | ||
Loans held for sale | 695 | 637 | ||
Accrued interest receivable | 737 | 663 | ||
Financial liabilities: | ||||
Deposits | 998,430 | 999,929 | ||
Long-term borrowings | 6,912 | 6,892 | ||
Accrued interest payable | 475 | 484 | ||
Significant Unobservable Inputs (Level 3) [Member] | ||||
Financial assets: | ||||
Net loans | 857,801 | 872,455 | ||
Accrued interest receivable | $ 2,281 | $ 2,347 |
Revenue Recognition - Summary o
Revenue Recognition - Summary of Non Interest Income, Segregated by Revenue Streams in-Scope and Out-of-Scope of Topic 606 (Detail) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2019 | Mar. 31, 2018 | |
Noninterest Income [Abstract] | ||
Noninterest Income | $ 1,811 | $ 1,953 |
In-scope of Topic 606 [Member] | ||
Noninterest Income [Abstract] | ||
Noninterest Income | 1,560 | 1,592 |
In-scope of Topic 606 [Member] | Service Charges, Fees and Commissions [Member] | ||
Noninterest Income [Abstract] | ||
Noninterest Income | 1,053 | 1,228 |
In-scope of Topic 606 [Member] | Investment Advisory, Management and Administrative Service [Member] | ||
Noninterest Income [Abstract] | ||
Noninterest Income | 507 | 364 |
Out-scope of Topic 606 [Member] | ||
Noninterest Income [Abstract] | ||
Noninterest Income | $ 251 | $ 361 |
Revenue Recognition - Additiona
Revenue Recognition - Additional Information (Detail) - USD ($) | Mar. 31, 2019 | Dec. 31, 2018 |
Contract with Customer, Asset, Net | $ 0 | $ 0 |
Contract with Customer, Liability | $ 0 | $ 0 |