Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Aug. 07, 2015 | |
Document and Entity Information [Abstract] | ||
Entity Registrant Name | CB Financial Services, Inc. | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 4,071,462 | |
Amendment Flag | false | |
Entity Central Index Key | 1,605,301 | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Filer Category | Smaller Reporting Company | |
Entity Well-known Seasoned Issuer | No | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q2 |
Consolidated Statement of Finan
Consolidated Statement of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Cash and Due From Banks: | ||
Interest Bearing | $ 25,257 | $ 5,933 |
Non-Interest Bearing | 10,173 | 5,818 |
Total Cash and Due From Banks | 35,430 | 11,751 |
Investment Securities: | ||
Available-for-Sale | 97,391 | 105,449 |
Held-to-Maturity | 504 | |
Loans, Net | 657,464 | 680,451 |
Premises and Equipment, Net | 10,385 | 10,593 |
Bank-Owned Life Insurance | 17,970 | 17,735 |
Goodwill | 5,632 | 5,632 |
Core Deposit Intangible | 4,621 | 4,888 |
Accrued Interest and Other Assets | 7,874 | 9,311 |
TOTAL ASSETS | 836,767 | 846,314 |
Deposits: | ||
Demand Deposits | 152,954 | 163,488 |
NOW Accounts | 95,948 | 98,919 |
Money Market Accounts | 153,352 | 160,747 |
Savings Accounts | 124,207 | 118,332 |
Time Deposits | 153,869 | 151,594 |
Brokered Deposits | 15,125 | 4,414 |
Total Deposits | 695,455 | 697,494 |
Short-Term Borrowings | 22,817 | 46,684 |
Other Borrowed Funds | 29,024 | 15,136 |
Accrued Interest and Other Liabilities | 4,779 | 5,088 |
TOTAL LIABILITIES | $ 752,075 | $ 764,402 |
STOCKHOLDERS' EQUITY | ||
Preferred Stock, No Par Value; 5,000,000 Shares Authorized | ||
Common Stock, $0.4167 Par Value; 35,000,000 Shares Authorized, 4,363,346 Shares Issued and 4,071,462 Shares Outstanding at June 30, 2015 and December 31, 2014, Respectively | $ 1,818 | $ 1,818 |
Capital Surplus | 41,762 | 41,762 |
Retained Earnings | 45,591 | 42,766 |
Treasury Stock, at Cost (291,884 Shares at June 30, 2015 and December 31, 2014, Respectively) | (4,999) | (4,999) |
Accumulated Other Comprehensive Income | 520 | 565 |
TOTAL STOCKHOLDERS' EQUITY | 84,692 | 81,912 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 836,767 | $ 846,314 |
Consolidated Statement of Fina3
Consolidated Statement of Financial Condition (Current Period Unaudited) (Parentheticals) - $ / shares | Jun. 30, 2015 | Dec. 31, 2014 |
Preferred Stock, Par Value (in Dollars per share) | $ 0 | $ 0 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
Common Stock, Par Value (in Dollars per share) | $ 0.4167 | $ 0.4167 |
Common Stock, Shares Authorized | 35,000,000 | 35,000,000 |
Common Stock, Shares Issued | 4,363,346 | 4,363,346 |
Common Stock, Shares Outstanding | 4,071,462 | 4,071,462 |
Treasury Stock, at Cost (Shares) | 291,884 | 291,884 |
Consolidated Statement of Incom
Consolidated Statement of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
INTEREST AND DIVIDEND INCOME | ||||
Loans, Including Fees | $ 7,385 | $ 4,022 | $ 14,866 | $ 7,990 |
Federal Funds Sold | 6 | 8 | 7 | 11 |
Investment Securities: | ||||
Taxable | 225 | 214 | 467 | 446 |
Exempt From Federal Income Tax | 274 | 348 | 570 | 703 |
Other Interest and Dividend Income | 49 | 33 | 204 | 53 |
TOTAL INTEREST AND DIVIDEND INCOME | 7,939 | 4,625 | 16,114 | 9,203 |
INTEREST EXPENSE | ||||
Deposits | 594 | 405 | 1,192 | 834 |
Federal Funds Purchased | 1 | 1 | ||
Short-Term Borrowings | 15 | 11 | 45 | 20 |
Other Borrowed Funds | 62 | 27 | 152 | 58 |
TOTAL INTEREST EXPENSE | 671 | 443 | 1,390 | 913 |
NET INTEREST INCOME | 7,268 | 4,182 | 14,724 | 8,290 |
Provision For Loan Losses | 375 | 675 | ||
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 6,893 | 4,182 | 14,049 | 8,290 |
NONINTEREST INCOME | ||||
Service Fees on Deposit Accounts | 625 | 508 | 1,202 | 963 |
Insurance Commissions | 937 | 2 | 1,868 | 5 |
Other Commissions | 116 | 104 | 237 | 191 |
Net (Losses) Gains on Sale of Loans | (28) | 112 | 43 | 198 |
Income from Bank-Owned Life Insurance | 117 | 58 | 235 | 116 |
Other | 39 | (10) | 47 | 25 |
TOTAL NONINTEREST INCOME | 1,806 | 774 | 3,632 | 1,498 |
NONINTEREST EXPENSE | ||||
Salaries and Employee Benefits | 3,187 | 1,875 | 6,335 | 3,749 |
Occupancy | 427 | 272 | 898 | 591 |
Equipment | 399 | 255 | 804 | 527 |
FDIC Assessment | 115 | 96 | 253 | 192 |
PA Shares Tax | 165 | 87 | 348 | 184 |
Contracted Services | 147 | 91 | 284 | 187 |
Legal Fees | 110 | 115 | 241 | 274 |
Advertising | 221 | 91 | 446 | 180 |
Bankcard Processing Expense | 116 | 66 | 227 | 128 |
Other Real Estate Owned Income | (262) | (18) | (242) | (18) |
Amortization of Core Deposit Intangible | 133 | 267 | ||
Merger-Related | 665 | 665 | ||
Other | 777 | 452 | 1,421 | 845 |
TOTAL NONINTEREST EXPENSE | 5,535 | 4,047 | 11,282 | 7,504 |
Income Before Income Taxes | 3,164 | 909 | 6,399 | 2,284 |
Income Taxes | 924 | 170 | 1,864 | 466 |
NET INCOME | $ 2,240 | $ 739 | $ 4,535 | $ 1,818 |
EARNINGS PER SHARE | ||||
Basic (in Dollars per share) | $ 0.55 | $ 0.31 | $ 1.11 | $ 0.77 |
Diluted (in Dollars per share) | $ 0.55 | $ 0.31 | $ 1.11 | $ 0.77 |
WEIGHTED AVERAGE SHARES OUTSTANDING | ||||
Basic (in Shares) | 4,071,462 | 2,349,047 | 4,071,462 | 2,346,643 |
Diluted (in Shares) | 4,071,462 | 2,352,214 | 4,071,462 | 2,353,891 |
Consolidated Statement of Compr
Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Net Income | $ 2,240 | $ 739 | $ 4,535 | $ 1,818 |
Other Comprehensive (Loss) Income: | ||||
Unrealized (Losses) Gains on Available-for-Sale Securities Net of Income Tax of $(194) and $266 for the Three Months Ended June 30, 2015 and 2014, Respectively, and $(22) and $661 for the Six Months Ended June 30, 2015 and 2014, Respectively | (376) | 516 | (45) | 1,283 |
Other Comprehensive Income, Net of Income Tax | (376) | 516 | (45) | 1,283 |
Total Comprehensive Income | $ 1,864 | $ 1,255 | $ 4,490 | $ 3,101 |
Consolidated Statement of Comp6
Consolidated Statement of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Unrealized Gains on Available-for-Sale Securities, Tax | $ (194) | $ 266 | $ (22) | $ 661 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders’ Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Treasury Stock [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Dec. 31, 2013 | $ 1,095 | $ 5,969 | $ 40,807 | $ (2,103) | $ (763) | $ 45,005 |
Balance (in Shares) at Dec. 31, 2013 | 2,626,864 | |||||
Comprehensive income: | ||||||
Net Income | 1,818 | 1,818 | ||||
Other comprehensive income (loss) | 1,283 | 1,283 | ||||
Exercise of stock options | $ 6 | 200 | 206 | |||
Exercise of stock options (in Shares) | 14,515 | |||||
Purchase of common stock, at cost (133,000 shares) | (2,896) | (2,896) | ||||
Dividends paid | (984) | (984) | ||||
Balance at Jun. 30, 2014 | $ 1,101 | 6,169 | 41,641 | (4,999) | 520 | 44,432 |
Balance (in Shares) at Jun. 30, 2014 | 2,641,379 | |||||
Balance at Dec. 31, 2014 | $ 1,818 | 41,762 | 42,766 | (4,999) | 565 | 81,912 |
Balance (in Shares) at Dec. 31, 2014 | 4,363,346 | |||||
Comprehensive income: | ||||||
Net Income | 4,535 | 4,535 | ||||
Other comprehensive income (loss) | (45) | (45) | ||||
Dividends paid | (1,710) | (1,710) | ||||
Balance at Jun. 30, 2015 | $ 1,818 | $ 41,762 | $ 45,591 | $ (4,999) | $ 520 | $ 84,692 |
Balance (in Shares) at Jun. 30, 2015 | 4,363,346 |
Consolidated Statement of Chan8
Consolidated Statement of Changes in Stockholders’ Equity (Unaudited) (Parentheticals) - $ / shares | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Dividends paid | $ 0.42 | $ 0.42 |
Common Stock [Member] | ||
Purchase of common stock, shares (in Shares) | 133,000 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
OPERATING ACTIVITIES | ||
Net Income | $ 4,535 | $ 1,818 |
Αdjustmеnts to Rеconcilе Net Income to Net Cash Provided By Operating Activities: | ||
Net Amortization on Investments | 366 | 687 |
Depreciation and Amortization | 1,221 | 280 |
Provision for Loan Losses | 675 | |
Income from Bank-Owned Life Insurance | (235) | (116) |
Proceeds From Mortgage Loans Sold | 45,801 | 8,645 |
Originations of Mortgage Loans for Sale | (7,509) | (8,447) |
Gains on Sale of Loans | (43) | (198) |
Gains on Sales of Other Real Estate Owned and Repossessed Assets | (284) | (5) |
Decrease in Accrued Interest Receivable | 135 | 135 |
Decrease in Taxes Payable | (91) | (119) |
Increase (Decrease) in Accrued Interest Payable | 13 | (33) |
Receipt of Federal Income Tax Refund | 1,218 | |
Other, Net | 223 | (736) |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 46,025 | 1,911 |
Investment Securities Available for Sale: | ||
Proceeds From Principal Repayments and Maturities | 21,418 | 33,362 |
Purchases of Securities | (13,789) | (9,396) |
Investment Securities Held-to-Maturity: | ||
Proceeds From Principal Repayments and Maturities | 500 | 495 |
Net Increase in Loans | (16,845) | (9,746) |
Purchase of Premises and Equipment | (237) | (186) |
Proceeds From Sale of Other Real Estate Owned and Repossessed Assets | 15 | 59 |
Decrease (Increase) in Restricted Equity Securities | 320 | (204) |
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES | (8,618) | 14,384 |
FINANCING ACTIVITIES | ||
Net Decrease in Deposits | (2,039) | (5,653) |
Net Decrease in Short-Term Borrowings | (23,867) | (471) |
Principal Payments on Other Borrowed Funds | (1,112) | (1,000) |
Proceeds from Other Borrowed Funds | 15,000 | |
Cash Dividends Paid | (1,710) | (984) |
Treasury Stock, Purchases at Cost | (2,896) | |
Exercise of Stock Options | 206 | |
NET CASH USED IN FINANCING ACTIVITIES | (13,728) | (10,798) |
INCREASE IN CASH AND CASH EQUIVALENTS | 23,679 | 5,497 |
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR | 11,751 | 16,417 |
CASH AND DUE FROM BANKS AT END OF PERIOD | 35,430 | 21,914 |
Cash paid for: | ||
Interest on deposits and borrowings (including interest credited to deposit accounts of $1,198 and $864 respectively) | 1,378 | $ 946 |
Income taxes | 203 | |
Real estate acquired in settlement of loans | $ 431 |
Consolidated Statement of Cas10
Consolidated Statement of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Interest credited to deposit accounts | $ 1,198 | $ 864 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | Note 1. Summary of Significant Accounting Policies Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of CB Financial Services, Inc. (“CB Financial”) and its wholly owned subsidiary, Community Bank, (the “Bank”), and the Bank’s wholly-owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters”). CB Financial and the Bank are collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated in consolidation. The accompanying unaudited interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission and in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and income and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to determination of the allowance for losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, evaluation of securities for other-than-temporary impairment including related cash flow projections, goodwill impairment, and the valuation of deferred tax assets. In the opinion of management, the accompanying unaudited interim financial statements include all adjustments considered necessary for a fair presentation of the Company’s financial position and results of operations at the dates and for the periods presented. All of these adjustments are of a normal, recurring nature, and they are the only adjustments included in the accompanying unaudited interim financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. Interim results are not necessarily indicative of results for a full year. The Company evaluated subsequent events through the date the consolidated financial statements were filed with the Securities and Exchange Commission and incorporated into the consolidated financial statements the effect of all material known events determined by Accounting Standards Codification (“ASC”) Topic 855, Subsequent Events Nature of Operations The Company derives substantially all its income from banking and bank-related services which include interest earnings on commercial, commercial mortgage, residential real estate and consumer loan financing, as well as interest earnings on investment securities and fees generated from deposit services to its customers. The Company provides banking services primarily to communities in Greene, Allegheny, Washington, Fayette, and Westmoreland Counties located in southwestern Pennsylvania. The Company also conducts insurance brokerage activities through Exchange Underwriters. Acquired Loans Loans that were acquired in the merger with FedFirst Financial Corporation were recorded at fair value with no carryover of the related allowance for credit losses. The fair value of the acquired loans was estimated by management with the assistance of a third party valuation specialist. 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 nonaccretable discount. The nonaccretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require an evaluation to determine the need for an allowance for loan losses. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the nonaccretable discount which is then reclassified as accretable discount that is recognized into interest income over the remaining life of the loan using the interest method. The evaluation of the amount of future cash flows that is expected to be collected is performed in a similar manner as that used to determine our allowance for credit losses. Charge-offs of the principal amount on acquired loans would be first applied to the nonaccretable discount portion of the fair value adjustment. Reclassifications Certain comparative amounts for the prior year have been reclassified to conform to the current year presentation. Such reclassifications did not affect net income or stockholders’ equity. Recent Accounting Standards In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers In January 2015, the FASB issued ASU 2015-01, Income Statement-Extraordinary and Unusual Items (Subtopic 225-20) – Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. |
Note 2 - Earnings Per Share
Note 2 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Earnings Per Share [Text Block] | Note 2. Earnings Per Share There are no convertible securities which would affect the numerator in calculating basic and diluted earnings per share; therefore, net income as presented on the Consolidated Statement of Income is used as the numerator. The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation. Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Weighted-Average Common Shares Outstanding 4,363,346 2,639,115 4,363,346 2,637,057 Average Treasury Stock Shares (291,884 ) (290,068 ) (291,884 ) (290,414 ) Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share 4,071,462 2,349,047 4,071,462 2,346,643 Additional Common Stock Equivalents (Stock Options) Used to Calculate Diluted Earnings Per Share - 3,167 - 7,248 Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share 4,071,462 2,352,214 4,071,462 2,353,891 Earnings per share: Basic $ 0.55 $ 0.31 $ 1.11 $ 0.77 Diluted 0.55 0.31 1.11 0.77 |
Note 3 - Investment Securities
Note 3 - Investment Securities | 6 Months Ended |
Jun. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block] | Note 3. Investment Securities The following table presents the amortized cost and fair value of investment securities available-for-sale at the dates indicated: (Dollars in thousands) June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government Agencies $ 48,724 $ 170 $ (71 ) $ 48,823 Obligations of States and Political Subdivisions 43,003 785 (206 ) 43,582 Mortgage-Backed Securities - Government-Sponsored Enterprises 3,787 28 - 3,815 Equity Securities - Mutual Funds 500 13 - 513 Equity Securities - Other 588 71 (1 ) 658 Total $ 96,602 $ 1,067 $ (278 ) $ 97,391 December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government Agencies $ 57,669 $ 139 $ (157 ) $ 57,651 Obligations of States and Political Subdivisions 41,611 886 (116 ) 42,381 Mortgage-Backed Securities - Government-Sponsored Enterprises 4,240 33 - 4,273 Equity Securities - Mutual Funds 500 14 - 514 Equity Securities - Other 573 58 (1 ) 630 Total $ 104,593 $ 1,130 $ (274 ) $ 105,449 The following table presents the amortized cost and fair value of investment securities held-to-maturity at the date indicated: (Dollars in thousands) December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Obligations of States and Political Subdivisions $ 504 $ - $ - $ 504 The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position at the dates indicated: (Dollars in thousands) June 30, 2015 Less than 12 months 12 Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses U.S. Government Agencies 9 $ 19,865 $ (71 ) - $ - $ - 9 $ 19,865 $ (71 ) Obligations of States and Political Subdivisions 18 10,901 (139 ) 13 7,297 (67 ) 31 18,198 (206 ) Equity Securities - Other 1 41 (1 ) - - - 1 41 (1 ) Total 28 $ 30,807 $ (211 ) 13 $ 7,297 $ (67 ) 41 $ 38,104 $ (278 ) December 31, 2014 Less than 12 months 12 Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses U.S. Government Agencies 10 $ 26,101 $ (144 ) 1 $ 2,987 $ (13 ) 11 $ 29,088 $ (157 ) Obligations of States and Political Subdivisions 5 2,123 (9 ) 22 13,590 (107 ) 27 15,713 (116 ) Equity Securities - Other 1 48 (1 ) - - - 1 48 (1 ) Total 16 $ 28,272 $ (154 ) 23 $ 16,577 $ (120 ) 39 $ 44,849 $ (274 ) For debt securities, the Company does not believe any individual unrealized loss as of June 30, 2015 and December 31, 2014 represents an other-than-temporary impairment. The Company performs a review of the entire securities portfolio on a quarterly basis to identify securities that may indicate an other-than-temporary impairment. The Company’s management considers the length of time and the extent to which the fair value has been less than cost, and the financial condition of the issuer. The securities that are temporarily impaired at June 30, 2015 and December 31, 2014 relate principally to changes in interest rates subsequent to the acquisition of the specific securities. The Company does not intend to sell or it is not more likely than not that it will be required to sell any of the securities in an unrealized loss position before recovery of its amortized cost or maturity of the security. The following table presents the scheduled maturities of investment securities as of the date indicated: (Dollars in thousands) June 30, 2015 Available-for-Sale Amortized Cost Fair Value Due in One Year or Less $ 2,283 $ 2,296 Due after One Year through Five Years 35,464 35,519 Due after Five Years through Ten Years 44,592 44,949 Due after Ten Years 14,263 14,627 Total $ 96,602 $ 97,391 Equity Securities – Mutual Funds and Equity Securities – Other do not have a scheduled maturity date, but have been included in the Due After Ten Years category. |
Note 4 - Loans and Related Allo
Note 4 - Loans and Related Allowance for Loan Loss | 6 Months Ended |
Jun. 30, 2015 | |
Receivables [Abstract] | |
Loans, Notes, Trade and Other Receivables Disclosure [Text Block] | Note 4. Loans and Related Allowance for Loan Loss The Company’s loan portfolio is made up of four segments: real estate loans, commercial and industrial loans, consumer loans and other loans. These segments are further segregated between loans accounted for under the amortized cost method (“Originated Loans”) and acquired loans that were originally recorded at fair value with no carryover of the related pre-merger allowance for loan losses (“Loans Acquired at Fair Value”). The following table presents the major classifications of loans as of the dates indicated. (Dollars in thousands) June 30, 2015 December 31, 2014 Amount Percent Amount Percent Originated Loans Real estate: Residential $ 152,356 35.2 % $ 161,719 39.4 % Commercial 116,356 26.9 104,994 25.7 Construction 10,785 2.5 10,039 2.5 Commercial and Industrial 58,474 13.5 53,238 13.0 Consumer 90,058 20.8 76,242 18.6 Other 4,820 1.1 3,099 0.8 Total Originated Loans 432,849 100.0 % 409,331 100.0 % Allowance for Loan Losses (5,686 ) (5,195 ) Loans, Net $ 427,163 $ 404,136 Loans Acquired at Fair Value Real estate: Residential $ 124,251 53.9 % $ 161,561 58.4 % Commercial 79,036 34.3 77,864 28.2 Construction 6,192 2.7 12,158 4.4 Commercial and Industrial 20,180 8.8 23,363 8.5 Consumer 642 0.3 1,369 0.5 Total Loans Acquired at Fair Value $ 230,301 100.0 % $ 276,315 100.0 % Total Loans Real estate: Residential $ 276,607 41.6 % $ 323,280 47.1 % Commercial 195,392 29.5 182,858 26.7 Construction 16,977 2.6 22,197 3.2 Commercial and Industrial 78,654 11.9 76,601 11.2 Consumer 90,700 13.7 77,611 11.3 Other 4,820 0.7 3,099 0.5 Total Loans 663,150 100.0 % 685,646 100.0 % Allowance for Loan Losses (5,686 ) (5,195 ) Loans, Net $ 657,464 $ 680,451 Total unamortized net deferred loan fees were $589,000 and $322,000 at June 30, 2015 and December 31, 2014, respectively. Real estate loans serviced for others, which are not included in the Consolidated Statement of Financial Condition, totaled $65.4 million and $62.3 million at June 30, 2015 and December 31, 2014, respectively. The following table presents loans summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of the dates indicated. (Dollars in thousands) June 30, 2015 Pass Special Mention Substandard Doubtful Total Originated Loans Real Estate: Residential $ 151,855 $ 231 $ 264 $ 6 $ 152,356 Commercial 100,929 10,002 4,320 1,105 116,356 Construction 9,730 - 759 296 10,785 Commercial and Industrial 54,757 1,970 1,747 - 58,474 Consumer 90,057 - 1 - 90,058 Other 4,820 - - - 4,820 Total Originated Loans $ 412,148 $ 12,203 $ 7,091 $ 1,407 $ 432,849 Loans Acquired at Fair Value Real Estate: Residential $ 121,864 $ - $ 2,387 $ - $ 124,251 Commercial 73,723 3,233 2,080 - 79,036 Construction 6,192 - - - 6,192 Commercial and Industrial 18,757 1,378 45 - 20,180 Consumer 642 - - - 642 Total Loans Acquired at Fair Value $ 221,178 $ 4,611 $ 4,512 $ - $ 230,301 Total Loans Real Estate: Residential $ 273,719 $ 231 $ 2,651 $ 6 $ 276,607 Commercial 174,652 13,235 6,400 1,105 195,392 Construction 15,922 - 759 296 16,977 Commercial and Industrial 73,514 3,348 1,792 - 78,654 Consumer 90,699 - 1 - 90,700 Other 4,820 - - - 4,820 Total Loans $ 633,326 $ 16,814 $ 11,603 $ 1,407 $ 663,150 December 31, 2014 Pass Special Mention Substandard Doubtful Total Originated Loans Real Estate: Residential $ 161,191 $ 194 $ 315 $ 19 $ 161,719 Commercial 89,721 10,761 3,820 692 104,994 Construction 8,805 101 789 344 10,039 Commercial and Industrial 49,612 2,941 383 302 53,238 Consumer 76,238 - 4 - 76,242 Other 3,099 - - - 3,099 Total Originated Loans $ 388,666 $ 13,997 $ 5,311 $ 1,357 $ 409,331 Loans Acquired at Fair Value Real Estate: Residential $ 159,633 $ - $ 1,928 $ - $ 161,561 Commercial 73,280 2,429 2,155 - 77,864 Construction 12,158 - - - 12,158 Commercial and Industrial 21,913 1,450 - - 23,363 Consumer 1,369 - - - 1,369 Total Loans Acquired at Fair Value $ 268,353 $ 3,879 $ 4,083 $ - $ 276,315 Total Loans Real Estate: Residential $ 320,824 $ 194 $ 2,243 $ 19 $ 323,280 Commercial 163,001 13,190 5,975 692 182,858 Construction 20,963 101 789 344 22,197 Commercial and Industrial 71,525 4,391 383 302 76,601 Consumer 77,607 - 4 - 77,611 Other 3,099 - - - 3,099 Total Loans $ 657,019 $ 17,876 $ 9,394 $ 1,357 $ 685,646 The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of the dates indicated. (Dollars in thousands) June 30, 2015 Loans Current 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Non- Accrual Total Loans Originated Loans Real Estate: Residential $ 151,994 $ 96 $ - $ - $ 96 $ 266 $ 152,356 Commercial 113,647 187 2,015 - 2,202 507 116,356 Construction 10,488 - - - - 297 10,785 Commercial and Industrial 58,429 - - - - 45 58,474 Consumer 89,520 492 45 - 537 1 90,058 Other 4,820 - - - - - 4,820 Total Originated Loans $ 428,898 $ 775 $ 2,060 $ - $ 2,835 $ 1,116 $ 432,849 Loans Acquired at Fair Value Real Estate: Residential $ 121,964 $ 166 $ 438 $ 232 $ 836 $ 1,451 $ 124,251 Commercial 78,606 - - - - 430 79,036 Construction 6,024 168 - - 168 - 6,192 Commercial and Industrial 20,025 - 155 - 155 - 20,180 Consumer 642 - - - - - 642 Total Loans Acquired at Fair Value $ 227,261 $ 334 $ 593 $ 232 $ 1,159 $ 1,881 $ 230,301 Total Loans Real Estate: Residential $ 273,958 $ 262 $ 438 $ 232 $ 932 $ 1,717 $ 276,607 Commercial 192,253 187 2,015 - 2,202 937 195,392 Construction 16,512 168 - - 168 297 16,977 Commercial and Industrial 78,454 - 155 - 155 45 78,654 Consumer 90,162 492 45 - 537 1 90,700 Other 4,820 - - - - - 4,820 Total Loans $ 656,159 $ 1,109 $ 2,653 $ 232 $ 3,994 $ 2,997 $ 663,150 December 31, 2014 Loans Current 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Non- Accrual Total Loans Originated Loans Real Estate: Residential $ 161,145 $ 249 $ 16 $ - $ 265 $ 309 $ 161,719 Commercial 102,016 2,397 - - 2,397 581 104,994 Construction 9,695 - - - - 344 10,039 Commercial and Industrial 53,234 - - - - 4 53,238 Consumer 75,839 369 24 10 403 - 76,242 Other 3,099 - - - - - 3,099 Total Originated Loans $ 405,028 $ 3,015 $ 40 $ 10 $ 3,065 $ 1,238 $ 409,331 Loans Acquired at Fair Value Real Estate: Residential $ 158,576 $ 1,364 $ 18 $ 369 $ 1,751 $ 1,234 $ 161,561 Commercial 77,252 128 - - 128 484 77,864 Construction 12,158 - - - - - 12,158 Commercial and Industrial 23,356 7 - - 7 - 23,363 Consumer 1,341 28 - - 28 - 1,369 Total Loans Acquired at Fair Value $ 272,683 $ 1,527 $ 18 $ 369 $ 1,914 $ 1,718 $ 276,315 Total Loans Real Estate: Residential $ 319,721 $ 1,613 $ 34 $ 369 $ 2,016 $ 1,543 $ 323,280 Commercial 179,268 2,525 - - 2,525 1,065 182,858 Construction 21,853 - - - - 344 22,197 Commercial and Industrial 76,590 7 - - 7 4 76,601 Consumer 77,180 397 24 10 431 - 77,611 Other 3,099 - - - - - 3,099 Total Loans $ 677,711 $ 4,542 $ 58 $ 379 $ 4,979 $ 2,956 $ 685,646 The following table sets forth the amounts and categories of our nonperforming assets at the dates indicated. Included in nonperforming loans and assets are troubled debt restructurings (“TDRs”), which are loans whose contractual terms have been restructured in a manner which grants a concession to a borrower experiencing financial difficulties. Nonaccrual TDRs are included in their specific loan category in the nonaccrual loans section. (Dollars in Thousands) June 30, 2015 December 31, 2014 Nonaccrual Loans: Real estate: Residential $ 1,717 $ 1,543 Commercial 937 1,065 Construction 297 344 Commercial and Industrial 45 4 Consumer 1 - Total Nonaccrual Loans 2,997 2,956 Accruing Loans Past Due 90 Days or More: Real Estate Residential 232 369 Consumer - 10 Total Accruing Loans 90 Days or More Past Due 232 379 Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due 3,229 3,335 Troubled Debt Restructurings, Accruing Originated Loans: Real Estate - Commercial 1,129 246 Commercial and Industrial 8 310 Total Originated Loans 1,137 556 Loans Acquired at Fair Value: Real Estate - Residential 1,315 1,337 Real Estate - Commercial 1,734 1,800 Total Loans Acquired at Fair Value 3,049 3,137 Total Troubled Debt Restructurings, Accruing 4,186 3,693 Total Nonperforming Loans 7,415 7,028 Real Estate Owned: Residential 151 104 Other 174 174 Total Real Estate Owned 325 278 Total Nonperforming Assets $ 7,740 $ 7,306 Nonperforming Loans to Total Loans 1.12 % 1.03 % Nonperforming Assets to Total Assets 0.92 0.86 The recorded investment of residential real estate loans for which formal foreclosure proceedings were in process according to local requirements of the applicable jurisdiction was $2.2 million and $2.7 million at June 30, 2015 and December 31, 2014, respectively. TDRs typically are the result of our loss mitigation activities whereby concessions are granted to minimize loss and avoid foreclosure or repossession of collateral. The concessions granted for the TDRs in our portfolio primarily consist of, but are not limited to, modification of payment or other terms, temporary rate modification and extension of maturity date. Loans classified as TDRs consisted of 12 loans totaling $4.5 million and 13 loans totaling $4.0 million at June 30, 2015 and December 31, 2014, respectively. Originated loans classified as TDRs consisted of 4 loans totaling $1.4 million and $830,000, respectively, at June 30, 2015 and December 31, 2014. Loans acquired at fair value as TDRs consisted of 8 loans and 9 loans, respectively, totaling $3.1 million at June 30, 2015 and December 31, 2014. During the three months ended June 30, 2015, one commercial loan previously identified as an originated TDR and two other commercial loans were consolidated into one loan in a new TDR transaction. During the six months ended June 30, 2015, two commercial loans previously identified as originated TDRs were refinanced in new TDR transactions. During the three and six months ended June 30, 2015, one commercial TDR acquired at fair value paid off. No TDRs have subsequently defaulted during the three or six months ended June 30, 2015 and 2014, respectively. The following table presents information at the time of modification related to loans modified as TDRs during the periods indicated. No loans were modified in a TDR during the three and six month ended June 30, 2014. (Dollars in thousands) Three Months Ended June 30, 2015 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Related Allowance Originated Loans Real Estate Commercial 1 $ 675 $ 705 $ 108 Total 1 $ 675 $ 705 $ 108 Six Months Ended June 30, 2015 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Related Allowance Originated Loans Real Estate Commercial 2 $ 912 $ 1,135 $ 108 Total 2 $ 912 $ 1,135 $ 108 The following table presents a summary of the loans considered to be impaired as of the dates indicated. (Dollars in thousands) June 30, 2015 Recorded Investment Related Allowance Unpaid Principal Balance Average Recorded Investment Interest Income Recognized With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 10 $ - $ 22 $ 21 $ 1 Commercial 4,127 - 4,127 4,210 88 Construction 759 - 759 774 16 Commercial and Industrial 1,345 - 1,345 1,291 23 Total With No Related Allowance Recorded $ 6,241 $ - $ 6,253 $ 6,296 $ 128 Loans Acquired at Fair Value Real Estate: Residential $ 936 $ - $ 936 $ 941 $ 25 Commercial 2,080 - 2,134 2,129 51 Commercial and Industrial 45 - 45 49 1 Total With No Related Allowance Recorded $ 3,061 $ - $ 3,115 $ 3,119 $ 77 Total Loans Real Estate: Residential $ 946 $ - $ 958 $ 962 $ 26 Commercial 6,207 - 6,261 6,339 139 Construction 759 - 759 774 16 Commercial and Industrial 1,390 - 1,390 1,340 24 Total With No Related Allowance Recorded $ 9,302 $ - $ 9,368 $ 9,415 $ 205 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 1,461 $ 370 $ 1,472 $ 1,468 $ 9 Construction 296 5 296 325 - Commercial and Industrial 239 159 239 263 7 Total With A Related Allowance Recorded $ 1,996 $ 534 $ 2,007 $ 2,056 $ 16 Total Impaired Loans: Originated Loans Real Estate: Residential $ 10 $ - $ 22 $ 21 $ 1 Commercial 5,588 370 5,599 5,678 97 Construction 1,055 5 1,055 1,099 16 Commercial and Industrial 1,584 159 1,584 1,554 30 Total Impaired Loans $ 8,237 $ 534 $ 8,260 $ 8,352 $ 144 Loans Acquired at Fair Value Real Estate: Residential $ 936 $ - $ 936 $ 941 $ 25 Commercial 2,080 - 2,134 2,129 51 Commercial and Industrial 45 - 45 49 1 Total Impaired Loans $ 3,061 $ - $ 3,115 $ 3,119 $ 77 Total Loans Real Estate: Residential $ 946 $ - $ 958 $ 962 $ 26 Commercial 7,668 370 7,733 7,807 148 Construction 1,055 5 1,055 1,099 16 Commercial and Industrial 1,629 159 1,629 1,603 31 Total Impaired Loans $ 11,298 $ 534 $ 11,375 $ 11,471 $ 221 December 31, 2014 Recorded Investment Related Allowance Unpaid Principal Balance Average Recorded Investment Interest Income Recognized With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 45 $ - $ 70 $ 55 $ - Commercial 3,352 - 3,366 4,300 149 Commercial and Industrial 369 - 369 426 17 Total With No Related Allowance Recorded $ 3,766 $ - $ 3,805 $ 4,781 $ 166 Loans Acquired at Fair Value Real Estate: Residential $ 947 $ - $ 947 $ 957 $ 51 Commercial 1,846 - 1,885 1,926 93 Total With No Related Allowance Recorded $ 2,793 $ - $ 2,832 $ 2,883 $ 144 Total Loans Real Estate: Residential $ 992 $ - $ 1,017 $ 1,012 $ 51 Commercial 5,198 - 5,251 6,226 242 Commercial and Industrial 369 - 369 426 17 Total With No Related Allowance Recorded $ 6,559 $ - $ 6,637 $ 7,664 $ 310 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 1,382 $ 519 $ 1,389 $ 1,427 $ 51 Construction 1,133 100 1,133 1,366 41 Commercial and Industrial 317 254 317 319 17 Total With A Related Allowance Recorded $ 2,832 $ 873 $ 2,839 $ 3,112 $ 109 Total Loans Originated Loans Real Estate: Residential $ 45 $ - $ 70 $ 55 $ - Commercial 4,734 519 4,755 5,727 200 Construction 1,133 100 1,133 1,366 41 Commercial and Industrial 686 254 686 745 34 Total Impaired Loans $ 6,598 $ 873 $ 6,644 $ 7,893 $ 275 Loans Acquired at Fair Value Real Estate: Residential $ 947 $ - $ 947 $ 957 $ 51 Commercial 1,846 - 1,885 1,926 93 Total Impaired Loans $ 2,793 $ - $ 2,832 $ 2,883 $ 144 Total Loans Real Estate: Residential $ 992 $ - $ 1,017 $ 1,012 $ 51 Commercial 6,580 519 6,640 7,653 293 Construction 1,133 100 1,133 1,366 41 Commercial and Industrial 686 254 686 745 34 Total Impaired Loans $ 9,391 $ 873 $ 9,476 $ 10,776 $ 419 The following table presents the activity in the allowance for loan losses summarized by major classifications and segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for potential impairment for the periods indicated. (Dollars in thousands) Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Unallocated Total March 31, 2015 $ 2,513 $ 608 $ 145 $ 913 $ 1,011 $ 288 $ 5,478 Charge-offs (111 ) (12 ) - - (69 ) - (192 ) Recoveries 2 1 - 10 12 - 25 Provision (737 ) 1,149 (58 ) (6 ) 384 (357 ) 375 June 30, 2015 $ 1,667 $ 1,746 $ 87 $ 917 $ 1,338 $ (69 ) $ 5,686 December 31, 2014 $ 2,690 $ 582 $ 122 $ 684 $ 1,015 $ 102 $ 5,195 Charge-offs (111 ) (18 ) - - (116 ) - (245 ) Recoveries 5 3 - 10 43 - 61 Provision (917 ) 1,179 (35 ) 223 396 (171 ) 675 June 30, 2015 $ 1,667 $ 1,746 $ 87 $ 917 $ 1,338 $ (69 ) $ 5,686 Originated Loans Individually Evaluated for Impairment $ - $ 370 $ 5 $ 159 $ - $ - $ 534 Collectively Evaluated for Potential Impairment $ 1,667 $ 1,376 $ 82 $ 758 $ 1,338 $ (69 ) $ 5,152 Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Unallocated Total March 31, 2014 $ 1,481 $ 1,703 $ 355 $ 1,014 $ 580 $ 239 $ 5,372 Charge-offs (10 ) - - - (30 ) - (40 ) Recoveries - - - 1 7 - 8 Provision 7 9 (62 ) 12 14 20 - June 30, 2014 $ 1,478 $ 1,712 $ 293 $ 1,027 $ 571 $ 259 $ 5,340 December 31, 2013 $ 1,481 $ 1,703 $ 355 $ 1,013 $ 592 $ 238 $ 5,382 Charge-offs (10 ) - - - (66 ) - (76 ) Recoveries 1 - - 2 31 - 34 Provision 6 9 (62 ) 12 14 21 - June 30, 2014 $ 1,478 $ 1,712 $ 293 $ 1,027 $ 571 $ 259 $ 5,340 Originated Loans Individually Evaluated for Impairment $ - $ 493 $ 201 $ 248 $ - $ - $ 942 Collectively Evaluated for Potential Impairment $ 1,478 $ 1,219 $ 92 $ 779 $ 571 $ 259 $ 4,398 December 31, 2014 Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Unallocated Total Originated Loans Individually Evaluated for Impairment $ - $ 519 $ 100 $ 254 $ - $ - $ 873 Collectively Evaluated for Potential Impairment $ 2,690 $ 63 $ 22 $ 430 $ 1,015 $ 102 $ 4,322 The following table presents changes in the accretable discount on the loans acquired at fair value for the dates indicated. Accretable Discount Balance at December 31, 2014 $ 4,359 Accretable yield (477 ) Nonaccretable premium 78 Balance at June 30, 2015 $ 3,960 The following table presents the major classifications of loans summarized by individually evaluated for impairment and collectively evaluated for potential impairment as of the dates indicated. (Dollars in thousands) June 30, 2015 Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 10 $ 5,588 $ 1,055 $ 1,584 $ - $ - $ 8,237 Collectively Evaluated for Potential Impairment 152,346 110,768 9,730 56,890 90,058 4,820 424,612 $ 152,356 $ 116,356 $ 10,785 $ 58,474 $ 90,058 $ 4,820 $ 432,849 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 936 $ 2,080 $ - $ 45 $ - $ - $ 3,061 Collectively Evaluated for Potential Impairment 123,315 76,956 6,192 20,135 642 - 227,240 $ 124,251 $ 79,036 $ 6,192 $ 20,180 $ 642 $ - $ 230,301 Total Loans Individually Evaluated for Impairment $ 946 $ 7,668 $ 1,055 $ 1,629 $ - $ - $ 11,298 Collectively Evaluated for Potential Impairment 275,661 187,724 15,922 77,025 90,700 4,820 651,852 $ 276,607 $ 195,392 $ 16,977 $ 78,654 $ 90,700 $ 4,820 $ 663,150 December 31, 2014 Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 45 $ 4,734 $ 1,133 $ 686 $ - $ - $ 6,598 Collectively Evaluated for Potential Impairment 161,674 100,260 8,906 52,552 76,242 3,099 402,733 $ 161,719 $ 104,994 $ 10,039 $ 53,238 $ 76,242 $ 3,099 $ 409,331 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 947 $ 1,846 $ - $ - $ - $ - $ 2,793 Collectively Evaluated for Potential Impairment 160,614 76,018 12,158 23,363 1,369 - 273,522 $ 161,561 $ 77,864 $ 12,158 $ 23,363 $ 1,369 $ - $ 276,315 Total Loans Individually Evaluated for Impairment $ 992 $ 6,580 $ 1,133 $ 686 $ - $ - $ 9,391 Collectively Evaluated for Potential Impairment 322,288 176,278 21,064 75,915 77,611 3,099 676,255 $ 323,280 $ 182,858 $ 22,197 $ 76,601 $ 77,611 $ 3,099 $ 685,646 |
Note 5 - Deposits
Note 5 - Deposits | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Deposit Liabilities Disclosures [Text Block] | Note 5. Deposits The following table shows the maturities of time deposits for the next five years and beyond at the date indicated (dollars in thousands). Maturity Period: June 30, 2015 One Year or Less $ 61,487 Over One Through Two Years 31,633 Over Two Through Three Years 15,767 Over Three Through Four Years 13,016 Over Four Through Five Years 20,451 Over Five Years 11,515 Total $ 153,869 The balance in time deposits that meet or exceed the FDIC insurance limit of $250,000 totaled $35.6 million and $26.9 million as of June 30, 2015 and December 31, 2014, respectively. |
Note 6 - Short-term Borrowings
Note 6 - Short-term Borrowings | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Short-term Debt [Text Block] | Note 6. Short-Term Borrowings The following table sets forth the components of short-term borrowings as of the dates indicated. (Dollars in thousands) June 30, 2015 December 31, 2014 Amount Weighted Average Rate Amount Weighted Average Rate Short-term Borrowings Federal Funds Purchased: Average Balance Outstanding During the Period $ 414 0.49 % $ 375 0.46 % Maximum Amount Outstanding at any Month End 100 1,850 FHLB Borrowings: Balance at Period End - - 25,800 0.32 Average Balance Outstanding During the Period 10,944 0.35 4,283 0.31 Maximum Amount Outstanding at any Month End 30,950 25,800 Securities Sold Under Agreements to Repurchase: Balance at Period End 22,817 0.18 20,884 0.17 Average Balance Outstanding During the Period 22,162 0.24 17,525 0.26 Maximum Amount Outstanding at any Month End 24,013 25,893 Securities Collaterizing the Agreements at Year-End: Carrying Value 26,039 23,244 Market Value 26,085 23,243 |
Note 7 - Other Borrowed Funds
Note 7 - Other Borrowed Funds | 6 Months Ended |
Jun. 30, 2015 | |
Debt Disclosure [Abstract] | |
Debt Disclosure [Text Block] | Note 7. Other Borrowed Funds Other borrowed funds consist of fixed rate advances from the FHLB. The following table sets forth the scheduled maturities of other borrowed funds at the dates indicated. (Dollars in thousands) June 30, 2015 December 31, 2014 Amount Weighted Average Rate Amount Weighted Average Rate Due in One Year $ 14,024 3.84 % $ 15,136 3.78 % Due After One Year to Two Years 3,500 0.94 - - Due After Two Years to Three Years 3,500 1.35 - - Due After Three Years to Four Years 3,000 1.68 - - Due After Four Years to Five Years 3,000 1.88 - - Due After Five Years 2,000 2.12 - - Total $ 29,024 2.64 $ 15,136 3.78 As of June 30, 2015, the Company maintained a credit arrangement with a maximum borrowing limit of approximately $331.9 million with the FHLB. This arrangement is subject to annual renewal, incurs no service charge, and is secured by a blanket security agreement on outstanding residential mortgage loans and the Company’s investment in FHLB stock. Under this arrangement the Company had available a variable rate Line of Credit in the amount of $20.0 million as of June 30, 2015 and December 31, 2014. The Company also maintains a Borrower-In-Custody of Collateral line of credit agreement with the Federal Reserve Bank for $40.0 million. This credit agreement requires quarterly certification of collateral, is subject to annual renewal, incurs no service charge and is secured by Commercial and Consumer Indirect Loans. As of June 30, 2015 and December 31, 2014, no draws had been taken on this facility. |
Note 8 - Commitments and Contin
Note 8 - Commitments and Contingent Liabilities | 6 Months Ended |
Jun. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | Note 8. Commitments and Contingent Liabilities The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business primarily to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby and performance letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Statement of Financial Condition. The contract amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby and performance letters of credit written is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. The following table presents the unused and available credit balances of financial instruments whose contracts represent credit risk at the dates indicated. (Dollars in thousands) June 30, 2015 December 31, 2014 Standby Letters of Credit $ 25,485 $ 18,260 Performance Letters of Credit 2,224 2,986 Construction Mortgages 19,865 12,241 Personal Lines of Credit 5,885 5,675 Overdraft Protection Lines 6,279 6,505 Home Equity Lines of Credit 13,840 13,253 Commercial Lines of Credit 62,787 54,301 $ 136,365 $ 113,221 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Because many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the counterparty. Collateral held varies, but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. Performance letters of credit represent conditional commitments issued by the Company to guarantee the performance of a customer to a third party. These instruments are issued primarily to support bid or performance-related contracts. The coverage period for these instruments is typically a one-year period with an annual renewal option subject to prior approval by management. Fees earned from the issuance of these letters are recognized upon expiration of the letter. For secured letters of credit, the collateral is typically Company deposit instruments or customer business assets. |
Note 9 - Fair Value Disclosure
Note 9 - Fair Value Disclosure | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value Disclosures [Text Block] | Note 9. Fair Value Disclosure FASB ASC 820 “Fair Value Measurement” defines fair value and provides the framework for measuring fair value and required disclosures about fair value measurements. Fair value is defined as the price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants in the principal or most advantageous market for the asset or liability at the market date. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used in valuation methods to determine fair value. The three levels of fair value hierarchy are as follows: Level I – Fair value is based on unadjusted quoted prices in active markets that are accessible to the Company for identical assets. These generally provide the most reliable evidence and are used to measure fair value whenever available. Level II – Fair value is based on significant inputs, other than Level I inputs, that are observable either directly or indirectly for substantially the full term of the asset through corroboration with observable market data. Level II inputs include quoted market prices in active markets for similar assets, quoted market prices in markets that are not active for identical or similar assets, and other observable inputs. Level III – Fair value would be based on significant unobservable inputs. Examples of valuation methodologies that would result in Level III classification include option pricing models, discounted cash flows, and other similar techniques. This hierarchy requires the use of observable market data when available. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The following table presents the financial assets measured at fair value on a recurring basis and reported on the Consolidated Statement of Financial Condition as of the dates indicated, by level within the fair value hierarchy. The majority of the Company’s securities are included in Level II of the fair value hierarchy. Fair values for Level II securities were primarily determined by a third party pricing service using both quoted prices for similar assets, when available, and model-based valuation techniques that derive fair value based on market-corroborated data, such as instruments with similar prepayment speeds and default interest rates. The standard inputs that are normally used include benchmark yields of like securities, reportable trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, and reference data including market research publications. (Dollars in thousands) Valuation Technique June 30, 2015 December 31, 2014 Available for Sales Securities: U.S. Government Agencies Level II $ 48,823 $ 57,651 Obligations of States and Political Subdivisions Level II 43,582 42,381 Mortgage-Backed Securities - Government-Sponsored Enterprises Level II 3,815 4,273 Equity Securities - Mutual Funds Level I 513 514 Equity Securities - Other Level I 658 630 Total Available for Sale Securities $ $97,391 $ 105,449 The following table presents the financial assets measured at fair value on a nonrecurring basis on the Consolidated Statement of Financial Condition as of the dates indicated by level within the fair value hierarchy. The table also presents the significant unobservable inputs used in the fair value measurements. Impaired loans that are collateral dependent are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loans include: quoted market prices for identical assets classified as Level I inputs; observable inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques included inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs. (Dollars in thousands) Fair Value at Financial Asset Valuation Technique June 30, 2015 December 31, 2014 Valuation Techniques Significant Unobservable Inputs Significant Unobservable Input Value Impaired Loans Level III $ 1,462 $ 1,959 Market Comparable Properties Marketability Discount 10% to 30% (1) OREO Level III 431 77 Market Comparable Properties Marketability Discount 10% to 50% (1) (1) Range includes discounts taken since appraisal and estimated values. Impaired loans are evaluated when the loan is identified as impaired and valued at the lower of cost or fair value at that time. Fair value is measured based on the value of the collateral securing these loans and is classified as Level III in the fair value hierarchy. At June 30, 2015 and December 31, 2014, the fair value of impaired loans consists of the loan balance of $2.0 million and $2.8 million, less their specific valuation allowances of $534,000 and $873,000, respectively. Financial instruments are defined as cash, evidence of an ownership in an entity, or a contract which creates an obligation or right to receive or deliver cash or another financial instrument from/to a second entity on potentially favorable or unfavorable terms. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. If no readily available market exists, the fair value estimates for financial instruments should be based upon management’s judgment regarding current economic conditions, interest rate risk, expected cash flows, future estimated losses and other factors, as determined through various option pricing formulas or simulation modeling. As many of these assumptions result from judgments made by management based upon estimates which are inherently uncertain, the resulting estimated fair values may not be indicative of the amount realizable in the sale of a particular financial instrument. In addition, changes in the assumptions on which the estimated fair values are based may have significant impact on the resulting estimated fair values. As certain assets such as deferred tax assets and premises and equipment are not considered financial instruments, the estimated fair value of financial instruments would not represent the full value of the Company. The Company employs simulation modeling in determining the estimated fair value of financial instruments for which quoted market prices are not available, based upon the following assumptions: Cash and Due From Banks, Restricted Stock, Bank-Owned Life Insurance, Accrued Interest Receivable, Short-Term Borrowings, and Accrued Interest Payable The fair value is equal to the current carrying value. Investment Securities The fair value of investment securities is equal to the available quoted market price. If no quoted market price is available, fair value is estimated using the quoted market price for similar securities or matrix pricing, which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities, but rather by relying on the securities’ relationship to other benchmark quoted prices. Loans Receivable For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. Fair values for certain mortgage loans, credit card loans, and other consumer loans are based on quoted market prices of similar loans sold in conjunction with securitization transactions, adjusted for differences in loan characteristics. Fair values for other loans are estimated using discounted cash flow analyses, using market interest rates for comparable loans. Fair values for nonperforming loans are estimated using discounted cash flow analyses or underlying collateral values, where applicable. Deposit Liabilities The fair values disclosed for demand deposits, are, by definition, equal to the amount payable on demand at the reporting date. The carrying amounts of variable-rate, fixed-term money market accounts and certificates of deposit approximate their fair values at the reporting date. Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates on comparable instruments to a schedule of aggregated expected monthly maturities on time deposits. Borrowed Funds Fair values of borrowed funds are estimated using discounted cash flow analyses based on current market rates for similar types of borrowing arrangements. Commitments to Extend Credit These financial instruments are generally not subject to sale and estimated fair values are not readily available. The carrying value, represented by the net deferred fee arising from the unrecognized commitment or letter of credit, and the fair value determined by discounting the remaining contractual fee over the term of the commitment using fees currently charged to enter into similar agreements with similar credit risk, are not considered material for disclosure. The contractual amounts of unfunded commitments and letters of credit are presented in Note 8. The following table presents the estimated fair values of the Company’s financial instruments at the dates indicated. (Dollars in thousands) June 30, 2015 December 31, 2014 Valuation Method Used Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and Due From Banks: Interest Bearing Level I $ 25,257 $ 25,257 $ 5,933 $ 5,933 Non-Interest Bearing Level I 10,173 10,173 5,818 5,818 Investment Securities: Available for Sale See Above 97,391 97,391 105,449 105,449 Held-to-Maturity Level II - - 504 504 Loans, Net Level III 657,464 674,746 680,451 695,844 Restricted Stock Level II 3,070 3,070 3,390 3,390 Bank-Owned Life Insurance Level II 17,970 17,970 17,735 17,735 Accrued Interest Receivable Level II 2,400 2,400 2,535 2,535 Financial Liabilities: Deposits Level II 695,455 696,040 697,494 698,418 Short-term Borrowings Level II 22,817 22,817 46,684 46,684 Other Borrowed Funds Level III 29,024 29,101 15,136 15,305 Accrued Interest Payable Level II 361 361 348 348 Off-Balance Sheet Instruments: Commitments to Extend Credit Level III - - - - |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation and Basis of Presentation The accompanying consolidated financial statements include the accounts of CB Financial Services, Inc. (“CB Financial”) and its wholly owned subsidiary, Community Bank, (the “Bank”), and the Bank’s wholly-owned subsidiary, Exchange Underwriters, Inc. (“Exchange Underwriters”). CB Financial and the Bank are collectively referred to as the “Company”. All intercompany transactions and balances have been eliminated in consolidation. The accompanying unaudited interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission and in conformity with accounting principles generally accepted in the United States of America (“GAAP”). Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. In preparing financial statements in conformity with GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and income and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to determination of the allowance for losses on loans, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, evaluation of securities for other-than-temporary impairment including related cash flow projections, goodwill impairment, and the valuation of deferred tax assets. In the opinion of management, the accompanying unaudited interim financial statements include all adjustments considered necessary for a fair presentation of the Company’s financial position and results of operations at the dates and for the periods presented. All of these adjustments are of a normal, recurring nature, and they are the only adjustments included in the accompanying unaudited interim financial statements. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. Interim results are not necessarily indicative of results for a full year. The Company evaluated subsequent events through the date the consolidated financial statements were filed with the Securities and Exchange Commission and incorporated into the consolidated financial statements the effect of all material known events determined by Accounting Standards Codification (“ASC”) Topic 855, Subsequent Events |
Nature of Operations [Policy Text Block] | Nature of Operations The Company derives substantially all its income from banking and bank-related services which include interest earnings on commercial, commercial mortgage, residential real estate and consumer loan financing, as well as interest earnings on investment securities and fees generated from deposit services to its customers. The Company provides banking services primarily to communities in Greene, Allegheny, Washington, Fayette, and Westmoreland Counties located in southwestern Pennsylvania. The Company also conducts insurance brokerage activities through Exchange Underwriters. |
Finance, Loans and Leases Receivable, Policy [Policy Text Block] | Acquired Loans Loans that were acquired in the merger with FedFirst Financial Corporation were recorded at fair value with no carryover of the related allowance for credit losses. The fair value of the acquired loans was estimated by management with the assistance of a third party valuation specialist. 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 nonaccretable discount. The nonaccretable discount represents estimated future credit losses expected to be incurred over the life of the loan. Subsequent decreases to the expected cash flows require an evaluation to determine the need for an allowance for loan losses. Subsequent improvements in expected cash flows result in the reversal of a corresponding amount of the nonaccretable discount which is then reclassified as accretable discount that is recognized into interest income over the remaining life of the loan using the interest method. The evaluation of the amount of future cash flows that is expected to be collected is performed in a similar manner as that used to determine our allowance for credit losses. Charge-offs of the principal amount on acquired loans would be first applied to the nonaccretable discount portion of the fair value adjustment. |
Reclassification, Policy [Policy Text Block] | Reclassifications Certain comparative amounts for the prior year have been reclassified to conform to the current year presentation. Such reclassifications did not affect net income or stockholders’ equity. |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Standards In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers In January 2015, the FASB issued ASU 2015-01, Income Statement-Extraordinary and Unusual Items (Subtopic 225-20) – Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items. |
Note 2 - Earnings Per Share (Ta
Note 2 - Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Earnings Per Share [Abstract] | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Weighted-Average Common Shares Outstanding 4,363,346 2,639,115 4,363,346 2,637,057 Average Treasury Stock Shares (291,884 ) (290,068 ) (291,884 ) (290,414 ) Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share 4,071,462 2,349,047 4,071,462 2,346,643 Additional Common Stock Equivalents (Stock Options) Used to Calculate Diluted Earnings Per Share - 3,167 - 7,248 Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share 4,071,462 2,352,214 4,071,462 2,353,891 Earnings per share: Basic $ 0.55 $ 0.31 $ 1.11 $ 0.77 Diluted 0.55 0.31 1.11 0.77 |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Investments, Debt and Equity Securities [Abstract] | |
Available-for-sale Securities [Table Text Block] | (Dollars in thousands) June 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government Agencies $ 48,724 $ 170 $ (71 ) $ 48,823 Obligations of States and Political Subdivisions 43,003 785 (206 ) 43,582 Mortgage-Backed Securities - Government-Sponsored Enterprises 3,787 28 - 3,815 Equity Securities - Mutual Funds 500 13 - 513 Equity Securities - Other 588 71 (1 ) 658 Total $ 96,602 $ 1,067 $ (278 ) $ 97,391 December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. Government Agencies $ 57,669 $ 139 $ (157 ) $ 57,651 Obligations of States and Political Subdivisions 41,611 886 (116 ) 42,381 Mortgage-Backed Securities - Government-Sponsored Enterprises 4,240 33 - 4,273 Equity Securities - Mutual Funds 500 14 - 514 Equity Securities - Other 573 58 (1 ) 630 Total $ 104,593 $ 1,130 $ (274 ) $ 105,449 |
Held-to-maturity Securities [Table Text Block] | (Dollars in thousands) December 31, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Obligations of States and Political Subdivisions $ 504 $ - $ - $ 504 |
Schedule of Unrealized Loss on Investments [Table Text Block] | (Dollars in thousands) June 30, 2015 Less than 12 months 12 Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses U.S. Government Agencies 9 $ 19,865 $ (71 ) - $ - $ - 9 $ 19,865 $ (71 ) Obligations of States and Political Subdivisions 18 10,901 (139 ) 13 7,297 (67 ) 31 18,198 (206 ) Equity Securities - Other 1 41 (1 ) - - - 1 41 (1 ) Total 28 $ 30,807 $ (211 ) 13 $ 7,297 $ (67 ) 41 $ 38,104 $ (278 ) December 31, 2014 Less than 12 months 12 Months or Greater Total Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses Number of Securities Fair Value Gross Unrealized Losses U.S. Government Agencies 10 $ 26,101 $ (144 ) 1 $ 2,987 $ (13 ) 11 $ 29,088 $ (157 ) Obligations of States and Political Subdivisions 5 2,123 (9 ) 22 13,590 (107 ) 27 15,713 (116 ) Equity Securities - Other 1 48 (1 ) - - - 1 48 (1 ) Total 16 $ 28,272 $ (154 ) 23 $ 16,577 $ (120 ) 39 $ 44,849 $ (274 ) |
Investments Classified by Contractual Maturity Date [Table Text Block] | (Dollars in thousands) June 30, 2015 Available-for-Sale Amortized Cost Fair Value Due in One Year or Less $ 2,283 $ 2,296 Due after One Year through Five Years 35,464 35,519 Due after Five Years through Ten Years 44,592 44,949 Due after Ten Years 14,263 14,627 Total $ 96,602 $ 97,391 |
Note 4 - Loans and Related Al23
Note 4 - Loans and Related Allowance for Loan Loss (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Receivables [Abstract] | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (Dollars in thousands) June 30, 2015 December 31, 2014 Amount Percent Amount Percent Originated Loans Real estate: Residential $ 152,356 35.2 % $ 161,719 39.4 % Commercial 116,356 26.9 104,994 25.7 Construction 10,785 2.5 10,039 2.5 Commercial and Industrial 58,474 13.5 53,238 13.0 Consumer 90,058 20.8 76,242 18.6 Other 4,820 1.1 3,099 0.8 Total Originated Loans 432,849 100.0 % 409,331 100.0 % Allowance for Loan Losses (5,686 ) (5,195 ) Loans, Net $ 427,163 $ 404,136 Loans Acquired at Fair Value Real estate: Residential $ 124,251 53.9 % $ 161,561 58.4 % Commercial 79,036 34.3 77,864 28.2 Construction 6,192 2.7 12,158 4.4 Commercial and Industrial 20,180 8.8 23,363 8.5 Consumer 642 0.3 1,369 0.5 Total Loans Acquired at Fair Value $ 230,301 100.0 % $ 276,315 100.0 % Total Loans Real estate: Residential $ 276,607 41.6 % $ 323,280 47.1 % Commercial 195,392 29.5 182,858 26.7 Construction 16,977 2.6 22,197 3.2 Commercial and Industrial 78,654 11.9 76,601 11.2 Consumer 90,700 13.7 77,611 11.3 Other 4,820 0.7 3,099 0.5 Total Loans 663,150 100.0 % 685,646 100.0 % Allowance for Loan Losses (5,686 ) (5,195 ) Loans, Net $ 657,464 $ 680,451 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (Dollars in thousands) June 30, 2015 Pass Special Mention Substandard Doubtful Total Originated Loans Real Estate: Residential $ 151,855 $ 231 $ 264 $ 6 $ 152,356 Commercial 100,929 10,002 4,320 1,105 116,356 Construction 9,730 - 759 296 10,785 Commercial and Industrial 54,757 1,970 1,747 - 58,474 Consumer 90,057 - 1 - 90,058 Other 4,820 - - - 4,820 Total Originated Loans $ 412,148 $ 12,203 $ 7,091 $ 1,407 $ 432,849 Loans Acquired at Fair Value Real Estate: Residential $ 121,864 $ - $ 2,387 $ - $ 124,251 Commercial 73,723 3,233 2,080 - 79,036 Construction 6,192 - - - 6,192 Commercial and Industrial 18,757 1,378 45 - 20,180 Consumer 642 - - - 642 Total Loans Acquired at Fair Value $ 221,178 $ 4,611 $ 4,512 $ - $ 230,301 Total Loans Real Estate: Residential $ 273,719 $ 231 $ 2,651 $ 6 $ 276,607 Commercial 174,652 13,235 6,400 1,105 195,392 Construction 15,922 - 759 296 16,977 Commercial and Industrial 73,514 3,348 1,792 - 78,654 Consumer 90,699 - 1 - 90,700 Other 4,820 - - - 4,820 Total Loans $ 633,326 $ 16,814 $ 11,603 $ 1,407 $ 663,150 December 31, 2014 Pass Special Mention Substandard Doubtful Total Originated Loans Real Estate: Residential $ 161,191 $ 194 $ 315 $ 19 $ 161,719 Commercial 89,721 10,761 3,820 692 104,994 Construction 8,805 101 789 344 10,039 Commercial and Industrial 49,612 2,941 383 302 53,238 Consumer 76,238 - 4 - 76,242 Other 3,099 - - - 3,099 Total Originated Loans $ 388,666 $ 13,997 $ 5,311 $ 1,357 $ 409,331 Loans Acquired at Fair Value Real Estate: Residential $ 159,633 $ - $ 1,928 $ - $ 161,561 Commercial 73,280 2,429 2,155 - 77,864 Construction 12,158 - - - 12,158 Commercial and Industrial 21,913 1,450 - - 23,363 Consumer 1,369 - - - 1,369 Total Loans Acquired at Fair Value $ 268,353 $ 3,879 $ 4,083 $ - $ 276,315 Total Loans Real Estate: Residential $ 320,824 $ 194 $ 2,243 $ 19 $ 323,280 Commercial 163,001 13,190 5,975 692 182,858 Construction 20,963 101 789 344 22,197 Commercial and Industrial 71,525 4,391 383 302 76,601 Consumer 77,607 - 4 - 77,611 Other 3,099 - - - 3,099 Total Loans $ 657,019 $ 17,876 $ 9,394 $ 1,357 $ 685,646 |
Past Due Financing Receivables [Table Text Block] | (Dollars in thousands) June 30, 2015 Loans Current 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Non- Accrual Total Loans Originated Loans Real Estate: Residential $ 151,994 $ 96 $ - $ - $ 96 $ 266 $ 152,356 Commercial 113,647 187 2,015 - 2,202 507 116,356 Construction 10,488 - - - - 297 10,785 Commercial and Industrial 58,429 - - - - 45 58,474 Consumer 89,520 492 45 - 537 1 90,058 Other 4,820 - - - - - 4,820 Total Originated Loans $ 428,898 $ 775 $ 2,060 $ - $ 2,835 $ 1,116 $ 432,849 Loans Acquired at Fair Value Real Estate: Residential $ 121,964 $ 166 $ 438 $ 232 $ 836 $ 1,451 $ 124,251 Commercial 78,606 - - - - 430 79,036 Construction 6,024 168 - - 168 - 6,192 Commercial and Industrial 20,025 - 155 - 155 - 20,180 Consumer 642 - - - - - 642 Total Loans Acquired at Fair Value $ 227,261 $ 334 $ 593 $ 232 $ 1,159 $ 1,881 $ 230,301 Total Loans Real Estate: Residential $ 273,958 $ 262 $ 438 $ 232 $ 932 $ 1,717 $ 276,607 Commercial 192,253 187 2,015 - 2,202 937 195,392 Construction 16,512 168 - - 168 297 16,977 Commercial and Industrial 78,454 - 155 - 155 45 78,654 Consumer 90,162 492 45 - 537 1 90,700 Other 4,820 - - - - - 4,820 Total Loans $ 656,159 $ 1,109 $ 2,653 $ 232 $ 3,994 $ 2,997 $ 663,150 December 31, 2014 Loans Current 30-59 Days Past Due 60-89 Days Past Due 90 Days Or More Past Due Total Past Due Non- Accrual Total Loans Originated Loans Real Estate: Residential $ 161,145 $ 249 $ 16 $ - $ 265 $ 309 $ 161,719 Commercial 102,016 2,397 - - 2,397 581 104,994 Construction 9,695 - - - - 344 10,039 Commercial and Industrial 53,234 - - - - 4 53,238 Consumer 75,839 369 24 10 403 - 76,242 Other 3,099 - - - - - 3,099 Total Originated Loans $ 405,028 $ 3,015 $ 40 $ 10 $ 3,065 $ 1,238 $ 409,331 Loans Acquired at Fair Value Real Estate: Residential $ 158,576 $ 1,364 $ 18 $ 369 $ 1,751 $ 1,234 $ 161,561 Commercial 77,252 128 - - 128 484 77,864 Construction 12,158 - - - - - 12,158 Commercial and Industrial 23,356 7 - - 7 - 23,363 Consumer 1,341 28 - - 28 - 1,369 Total Loans Acquired at Fair Value $ 272,683 $ 1,527 $ 18 $ 369 $ 1,914 $ 1,718 $ 276,315 Total Loans Real Estate: Residential $ 319,721 $ 1,613 $ 34 $ 369 $ 2,016 $ 1,543 $ 323,280 Commercial 179,268 2,525 - - 2,525 1,065 182,858 Construction 21,853 - - - - 344 22,197 Commercial and Industrial 76,590 7 - - 7 4 76,601 Consumer 77,180 397 24 10 431 - 77,611 Other 3,099 - - - - - 3,099 Total Loans $ 677,711 $ 4,542 $ 58 $ 379 $ 4,979 $ 2,956 $ 685,646 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (Dollars in Thousands) June 30, 2015 December 31, 2014 Nonaccrual Loans: Real estate: Residential $ 1,717 $ 1,543 Commercial 937 1,065 Construction 297 344 Commercial and Industrial 45 4 Consumer 1 - Total Nonaccrual Loans 2,997 2,956 Accruing Loans Past Due 90 Days or More: Real Estate Residential 232 369 Consumer - 10 Total Accruing Loans 90 Days or More Past Due 232 379 Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due 3,229 3,335 Troubled Debt Restructurings, Accruing Originated Loans: Real Estate - Commercial 1,129 246 Commercial and Industrial 8 310 Total Originated Loans 1,137 556 Loans Acquired at Fair Value: Real Estate - Residential 1,315 1,337 Real Estate - Commercial 1,734 1,800 Total Loans Acquired at Fair Value 3,049 3,137 Total Troubled Debt Restructurings, Accruing 4,186 3,693 Total Nonperforming Loans 7,415 7,028 Real Estate Owned: Residential 151 104 Other 174 174 Total Real Estate Owned 325 278 Total Nonperforming Assets $ 7,740 $ 7,306 Nonperforming Loans to Total Loans 1.12 % 1.03 % Nonperforming Assets to Total Assets 0.92 0.86 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | (Dollars in thousands) Three Months Ended June 30, 2015 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Related Allowance Originated Loans Real Estate Commercial 1 $ 675 $ 705 $ 108 Total 1 $ 675 $ 705 $ 108 Six Months Ended June 30, 2015 Number of Contracts Pre- Modification Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Related Allowance Originated Loans Real Estate Commercial 2 $ 912 $ 1,135 $ 108 Total 2 $ 912 $ 1,135 $ 108 |
Impaired Financing Receivables [Table Text Block] | (Dollars in thousands) June 30, 2015 Recorded Investment Related Allowance Unpaid Principal Balance Average Recorded Investment Interest Income Recognized With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 10 $ - $ 22 $ 21 $ 1 Commercial 4,127 - 4,127 4,210 88 Construction 759 - 759 774 16 Commercial and Industrial 1,345 - 1,345 1,291 23 Total With No Related Allowance Recorded $ 6,241 $ - $ 6,253 $ 6,296 $ 128 Loans Acquired at Fair Value Real Estate: Residential $ 936 $ - $ 936 $ 941 $ 25 Commercial 2,080 - 2,134 2,129 51 Commercial and Industrial 45 - 45 49 1 Total With No Related Allowance Recorded $ 3,061 $ - $ 3,115 $ 3,119 $ 77 Total Loans Real Estate: Residential $ 946 $ - $ 958 $ 962 $ 26 Commercial 6,207 - 6,261 6,339 139 Construction 759 - 759 774 16 Commercial and Industrial 1,390 - 1,390 1,340 24 Total With No Related Allowance Recorded $ 9,302 $ - $ 9,368 $ 9,415 $ 205 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 1,461 $ 370 $ 1,472 $ 1,468 $ 9 Construction 296 5 296 325 - Commercial and Industrial 239 159 239 263 7 Total With A Related Allowance Recorded $ 1,996 $ 534 $ 2,007 $ 2,056 $ 16 Total Impaired Loans: Originated Loans Real Estate: Residential $ 10 $ - $ 22 $ 21 $ 1 Commercial 5,588 370 5,599 5,678 97 Construction 1,055 5 1,055 1,099 16 Commercial and Industrial 1,584 159 1,584 1,554 30 Total Impaired Loans $ 8,237 $ 534 $ 8,260 $ 8,352 $ 144 Loans Acquired at Fair Value Real Estate: Residential $ 936 $ - $ 936 $ 941 $ 25 Commercial 2,080 - 2,134 2,129 51 Commercial and Industrial 45 - 45 49 1 Total Impaired Loans $ 3,061 $ - $ 3,115 $ 3,119 $ 77 Total Loans Real Estate: Residential $ 946 $ - $ 958 $ 962 $ 26 Commercial 7,668 370 7,733 7,807 148 Construction 1,055 5 1,055 1,099 16 Commercial and Industrial 1,629 159 1,629 1,603 31 Total Impaired Loans $ 11,298 $ 534 $ 11,375 $ 11,471 $ 221 December 31, 2014 Recorded Investment Related Allowance Unpaid Principal Balance Average Recorded Investment Interest Income Recognized With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 45 $ - $ 70 $ 55 $ - Commercial 3,352 - 3,366 4,300 149 Commercial and Industrial 369 - 369 426 17 Total With No Related Allowance Recorded $ 3,766 $ - $ 3,805 $ 4,781 $ 166 Loans Acquired at Fair Value Real Estate: Residential $ 947 $ - $ 947 $ 957 $ 51 Commercial 1,846 - 1,885 1,926 93 Total With No Related Allowance Recorded $ 2,793 $ - $ 2,832 $ 2,883 $ 144 Total Loans Real Estate: Residential $ 992 $ - $ 1,017 $ 1,012 $ 51 Commercial 5,198 - 5,251 6,226 242 Commercial and Industrial 369 - 369 426 17 Total With No Related Allowance Recorded $ 6,559 $ - $ 6,637 $ 7,664 $ 310 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 1,382 $ 519 $ 1,389 $ 1,427 $ 51 Construction 1,133 100 1,133 1,366 41 Commercial and Industrial 317 254 317 319 17 Total With A Related Allowance Recorded $ 2,832 $ 873 $ 2,839 $ 3,112 $ 109 Total Loans Originated Loans Real Estate: Residential $ 45 $ - $ 70 $ 55 $ - Commercial 4,734 519 4,755 5,727 200 Construction 1,133 100 1,133 1,366 41 Commercial and Industrial 686 254 686 745 34 Total Impaired Loans $ 6,598 $ 873 $ 6,644 $ 7,893 $ 275 Loans Acquired at Fair Value Real Estate: Residential $ 947 $ - $ 947 $ 957 $ 51 Commercial 1,846 - 1,885 1,926 93 Total Impaired Loans $ 2,793 $ - $ 2,832 $ 2,883 $ 144 Total Loans Real Estate: Residential $ 992 $ - $ 1,017 $ 1,012 $ 51 Commercial 6,580 519 6,640 7,653 293 Construction 1,133 100 1,133 1,366 41 Commercial and Industrial 686 254 686 745 34 Total Impaired Loans $ 9,391 $ 873 $ 9,476 $ 10,776 $ 419 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (Dollars in thousands) Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Unallocated Total March 31, 2015 $ 2,513 $ 608 $ 145 $ 913 $ 1,011 $ 288 $ 5,478 Charge-offs (111 ) (12 ) - - (69 ) - (192 ) Recoveries 2 1 - 10 12 - 25 Provision (737 ) 1,149 (58 ) (6 ) 384 (357 ) 375 June 30, 2015 $ 1,667 $ 1,746 $ 87 $ 917 $ 1,338 $ (69 ) $ 5,686 December 31, 2014 $ 2,690 $ 582 $ 122 $ 684 $ 1,015 $ 102 $ 5,195 Charge-offs (111 ) (18 ) - - (116 ) - (245 ) Recoveries 5 3 - 10 43 - 61 Provision (917 ) 1,179 (35 ) 223 396 (171 ) 675 June 30, 2015 $ 1,667 $ 1,746 $ 87 $ 917 $ 1,338 $ (69 ) $ 5,686 Originated Loans Individually Evaluated for Impairment $ - $ 370 $ 5 $ 159 $ - $ - $ 534 Collectively Evaluated for Potential Impairment $ 1,667 $ 1,376 $ 82 $ 758 $ 1,338 $ (69 ) $ 5,152 Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Unallocated Total March 31, 2014 $ 1,481 $ 1,703 $ 355 $ 1,014 $ 580 $ 239 $ 5,372 Charge-offs (10 ) - - - (30 ) - (40 ) Recoveries - - - 1 7 - 8 Provision 7 9 (62 ) 12 14 20 - June 30, 2014 $ 1,478 $ 1,712 $ 293 $ 1,027 $ 571 $ 259 $ 5,340 December 31, 2013 $ 1,481 $ 1,703 $ 355 $ 1,013 $ 592 $ 238 $ 5,382 Charge-offs (10 ) - - - (66 ) - (76 ) Recoveries 1 - - 2 31 - 34 Provision 6 9 (62 ) 12 14 21 - June 30, 2014 $ 1,478 $ 1,712 $ 293 $ 1,027 $ 571 $ 259 $ 5,340 Originated Loans Individually Evaluated for Impairment $ - $ 493 $ 201 $ 248 $ - $ - $ 942 Collectively Evaluated for Potential Impairment $ 1,478 $ 1,219 $ 92 $ 779 $ 571 $ 259 $ 4,398 December 31, 2014 Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Unallocated Total Originated Loans Individually Evaluated for Impairment $ - $ 519 $ 100 $ 254 $ - $ - $ 873 Collectively Evaluated for Potential Impairment $ 2,690 $ 63 $ 22 $ 430 $ 1,015 $ 102 $ 4,322 |
Schedule of Accretable Discount on Loans Acquired at Fair Value [Table Text Block] | Accretable Discount Balance at December 31, 2014 $ 4,359 Accretable yield (477 ) Nonaccretable premium 78 Balance at June 30, 2015 $ 3,960 |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | (Dollars in thousands) June 30, 2015 Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 10 $ 5,588 $ 1,055 $ 1,584 $ - $ - $ 8,237 Collectively Evaluated for Potential Impairment 152,346 110,768 9,730 56,890 90,058 4,820 424,612 $ 152,356 $ 116,356 $ 10,785 $ 58,474 $ 90,058 $ 4,820 $ 432,849 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 936 $ 2,080 $ - $ 45 $ - $ - $ 3,061 Collectively Evaluated for Potential Impairment 123,315 76,956 6,192 20,135 642 - 227,240 $ 124,251 $ 79,036 $ 6,192 $ 20,180 $ 642 $ - $ 230,301 Total Loans Individually Evaluated for Impairment $ 946 $ 7,668 $ 1,055 $ 1,629 $ - $ - $ 11,298 Collectively Evaluated for Potential Impairment 275,661 187,724 15,922 77,025 90,700 4,820 651,852 $ 276,607 $ 195,392 $ 16,977 $ 78,654 $ 90,700 $ 4,820 $ 663,150 December 31, 2014 Real Estate Residential Real Estate Commercial Real Estate Construction Commercial and Industrial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 45 $ 4,734 $ 1,133 $ 686 $ - $ - $ 6,598 Collectively Evaluated for Potential Impairment 161,674 100,260 8,906 52,552 76,242 3,099 402,733 $ 161,719 $ 104,994 $ 10,039 $ 53,238 $ 76,242 $ 3,099 $ 409,331 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 947 $ 1,846 $ - $ - $ - $ - $ 2,793 Collectively Evaluated for Potential Impairment 160,614 76,018 12,158 23,363 1,369 - 273,522 $ 161,561 $ 77,864 $ 12,158 $ 23,363 $ 1,369 $ - $ 276,315 Total Loans Individually Evaluated for Impairment $ 992 $ 6,580 $ 1,133 $ 686 $ - $ - $ 9,391 Collectively Evaluated for Potential Impairment 322,288 176,278 21,064 75,915 77,611 3,099 676,255 $ 323,280 $ 182,858 $ 22,197 $ 76,601 $ 77,611 $ 3,099 $ 685,646 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Note 5 - Deposits (Tables) [Line Items] | |
Schedule of Long-term Debt Instruments [Table Text Block] | (Dollars in thousands) June 30, 2015 December 31, 2014 Amount Weighted Average Rate Amount Weighted Average Rate Due in One Year $ 14,024 3.84 % $ 15,136 3.78 % Due After One Year to Two Years 3,500 0.94 - - Due After Two Years to Three Years 3,500 1.35 - - Due After Three Years to Four Years 3,000 1.68 - - Due After Four Years to Five Years 3,000 1.88 - - Due After Five Years 2,000 2.12 - - Total $ 29,024 2.64 $ 15,136 3.78 |
Time Deposits [Member] | |
Note 5 - Deposits (Tables) [Line Items] | |
Schedule of Long-term Debt Instruments [Table Text Block] | Maturity Period: June 30, 2015 One Year or Less $ 61,487 Over One Through Two Years 31,633 Over Two Through Three Years 15,767 Over Three Through Four Years 13,016 Over Four Through Five Years 20,451 Over Five Years 11,515 Total $ 153,869 |
Note 6 - Short-term Borrowings
Note 6 - Short-term Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Disclosure Text Block [Abstract] | |
Schedule of Debt [Table Text Block] | (Dollars in thousands) June 30, 2015 December 31, 2014 Amount Weighted Average Rate Amount Weighted Average Rate Short-term Borrowings Federal Funds Purchased: Average Balance Outstanding During the Period $ 414 0.49 % $ 375 0.46 % Maximum Amount Outstanding at any Month End 100 1,850 FHLB Borrowings: Balance at Period End - - 25,800 0.32 Average Balance Outstanding During the Period 10,944 0.35 4,283 0.31 Maximum Amount Outstanding at any Month End 30,950 25,800 Securities Sold Under Agreements to Repurchase: Balance at Period End 22,817 0.18 20,884 0.17 Average Balance Outstanding During the Period 22,162 0.24 17,525 0.26 Maximum Amount Outstanding at any Month End 24,013 25,893 Securities Collaterizing the Agreements at Year-End: Carrying Value 26,039 23,244 Market Value 26,085 23,243 |
Note 7 - Other Borrowed Funds (
Note 7 - Other Borrowed Funds (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Debt Disclosure [Abstract] | |
Schedule of Long-term Debt Instruments [Table Text Block] | (Dollars in thousands) June 30, 2015 December 31, 2014 Amount Weighted Average Rate Amount Weighted Average Rate Due in One Year $ 14,024 3.84 % $ 15,136 3.78 % Due After One Year to Two Years 3,500 0.94 - - Due After Two Years to Three Years 3,500 1.35 - - Due After Three Years to Four Years 3,000 1.68 - - Due After Four Years to Five Years 3,000 1.88 - - Due After Five Years 2,000 2.12 - - Total $ 29,024 2.64 $ 15,136 3.78 |
Note 8 - Commitments and Cont27
Note 8 - Commitments and Contingent Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | (Dollars in thousands) June 30, 2015 December 31, 2014 Standby Letters of Credit $ 25,485 $ 18,260 Performance Letters of Credit 2,224 2,986 Construction Mortgages 19,865 12,241 Personal Lines of Credit 5,885 5,675 Overdraft Protection Lines 6,279 6,505 Home Equity Lines of Credit 13,840 13,253 Commercial Lines of Credit 62,787 54,301 $ 136,365 $ 113,221 |
Note 9 - Fair Value Disclosure
Note 9 - Fair Value Disclosure (Tables) | 6 Months Ended |
Jun. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | (Dollars in thousands) Valuation Technique June 30, 2015 December 31, 2014 Available for Sales Securities: U.S. Government Agencies Level II $ 48,823 $ 57,651 Obligations of States and Political Subdivisions Level II 43,582 42,381 Mortgage-Backed Securities - Government-Sponsored Enterprises Level II 3,815 4,273 Equity Securities - Mutual Funds Level I 513 514 Equity Securities - Other Level I 658 630 Total Available for Sale Securities $ $97,391 $ 105,449 |
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | (Dollars in thousands) Fair Value at Financial Asset Valuation Technique June 30, 2015 December 31, 2014 Valuation Techniques Significant Unobservable Inputs Significant Unobservable Input Value Impaired Loans Level III $ 1,462 $ 1,959 Market Comparable Properties Marketability Discount 10% to 30% (1) OREO Level III 431 77 Market Comparable Properties Marketability Discount 10% to 50% (1) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (Dollars in thousands) June 30, 2015 December 31, 2014 Valuation Method Used Carrying Value Fair Value Carrying Value Fair Value Financial Assets: Cash and Due From Banks: Interest Bearing Level I $ 25,257 $ 25,257 $ 5,933 $ 5,933 Non-Interest Bearing Level I 10,173 10,173 5,818 5,818 Investment Securities: Available for Sale See Above 97,391 97,391 105,449 105,449 Held-to-Maturity Level II - - 504 504 Loans, Net Level III 657,464 674,746 680,451 695,844 Restricted Stock Level II 3,070 3,070 3,390 3,390 Bank-Owned Life Insurance Level II 17,970 17,970 17,735 17,735 Accrued Interest Receivable Level II 2,400 2,400 2,535 2,535 Financial Liabilities: Deposits Level II 695,455 696,040 697,494 698,418 Short-term Borrowings Level II 22,817 22,817 46,684 46,684 Other Borrowed Funds Level III 29,024 29,101 15,136 15,305 Accrued Interest Payable Level II 361 361 348 348 Off-Balance Sheet Instruments: Commitments to Extend Credit Level III - - - - |
Note 2 - Earnings Per Share (De
Note 2 - Earnings Per Share (Details) | 6 Months Ended |
Jun. 30, 2015shares | |
Earnings Per Share [Abstract] | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 |
Note 2 - Earnings Per Share (30
Note 2 - Earnings Per Share (Details) - Basic and Diluted Earnings Per Common Share - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Basic and Diluted Earnings Per Common Share [Abstract] | ||||
Weighted-Average Common Shares Outstanding | 4,363,346 | 2,639,115 | 4,363,346 | 2,637,057 |
Average Treasury Stock Shares | (291,884) | (290,068) | (291,884) | (290,414) |
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share | 4,071,462 | 2,349,047 | 4,071,462 | 2,346,643 |
Additional Common Stock Equivalents (Stock Options) Used to Calculate Diluted Earnings Per Share | 3,167 | 7,248 | ||
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share | 4,071,462 | 2,352,214 | 4,071,462 | 2,353,891 |
Earnings per share: | ||||
Basic (in Dollars per share) | $ 0.55 | $ 0.31 | $ 1.11 | $ 0.77 |
Diluted (in Dollars per share) | $ 0.55 | $ 0.31 | $ 1.11 | $ 0.77 |
Note 3 - Investment Securitie31
Note 3 - Investment Securities (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Investments, Debt and Equity Securities [Abstract] | ||
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held | $ 0 | $ 0 |
Note 3 - Investment Securitie32
Note 3 - Investment Securities (Details) - Amortized Cost and Fair Value of Investment Securities Available-for-Sale - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | $ 96,602 | $ 104,593 |
Gross Unrealized Gains | 1,067 | 1,130 |
Gross Unrealized Losses | (278) | (274) |
Fair Value | 97,391 | 105,449 |
US Government Agencies Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 48,724 | 57,669 |
Gross Unrealized Gains | 170 | 139 |
Gross Unrealized Losses | (71) | (157) |
Fair Value | 48,823 | 57,651 |
US States and Political Subdivisions Debt Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 43,003 | 41,611 |
Gross Unrealized Gains | 785 | 886 |
Gross Unrealized Losses | (206) | (116) |
Fair Value | 43,582 | 42,381 |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 3,787 | 4,240 |
Gross Unrealized Gains | 28 | 33 |
Fair Value | 3,815 | 4,273 |
Equity Securities - Mutual Funds [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 500 | 500 |
Gross Unrealized Gains | 13 | 14 |
Fair Value | 513 | 514 |
Equity Securities [Member] | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Amortized Cost | 588 | 573 |
Gross Unrealized Gains | 71 | 58 |
Gross Unrealized Losses | (1) | (1) |
Fair Value | $ 658 | $ 630 |
Note 3 - Investment Securitie33
Note 3 - Investment Securities (Details) - Amortized Cost and Fair Value of Investment Securities Held-to-maturity $ in Thousands | Dec. 31, 2014USD ($) |
Schedule of Held-to-maturity Securities [Line Items] | |
Obligations of States and Political Subdivisions | $ 504 |
US States and Political Subdivisions Debt Securities [Member] | |
Schedule of Held-to-maturity Securities [Line Items] | |
Obligations of States and Political Subdivisions | 504 |
Obligations of States and Political Subdivisions | $ 504 |
Note 3 - Investment Securitie34
Note 3 - Investment Securities (Details) - Gross Unrealized Losses and Fair Value by Investment Category and Continuous Unrealized Loss Position $ in Thousands | Jun. 30, 2015USD ($) | Dec. 31, 2014USD ($) |
Note 3 - Investment Securities (Details) - Gross Unrealized Losses and Fair Value by Investment Category and Continuous Unrealized Loss Position [Line Items] | ||
Less than Twelve Months, Number of Securities | 28 | 16 |
Less than Twelve Months, Fair Value | $ 30,807 | $ 28,272 |
Less than Twelve Months, Gross Unrealized Losses | $ (211) | $ (154) |
Twelve Months or More, Number of Securities | 13 | 23 |
Twelve Months or More , Fair Value | $ 7,297 | $ 16,577 |
Twelve Months or More , Gross Unrealized Losses | $ (67) | $ (120) |
Number of Securities, Total | 41 | 39 |
Fair Value , Total | $ 38,104 | $ 44,849 |
Gross Unrealized Losses, Total | $ (278) | $ (274) |
US Government Agencies Debt Securities [Member] | ||
Note 3 - Investment Securities (Details) - Gross Unrealized Losses and Fair Value by Investment Category and Continuous Unrealized Loss Position [Line Items] | ||
Less than Twelve Months, Number of Securities | 9 | 10 |
Less than Twelve Months, Fair Value | $ 19,865 | $ 26,101 |
Less than Twelve Months, Gross Unrealized Losses | $ (71) | $ (144) |
Twelve Months or More, Number of Securities | 1 | |
Twelve Months or More , Fair Value | $ 2,987 | |
Twelve Months or More , Gross Unrealized Losses | $ (13) | |
Number of Securities, Total | 9 | 11 |
Fair Value , Total | $ 19,865 | $ 29,088 |
Gross Unrealized Losses, Total | $ (71) | $ (157) |
US States and Political Subdivisions Debt Securities [Member] | ||
Note 3 - Investment Securities (Details) - Gross Unrealized Losses and Fair Value by Investment Category and Continuous Unrealized Loss Position [Line Items] | ||
Less than Twelve Months, Number of Securities | 18 | 5 |
Less than Twelve Months, Fair Value | $ 10,901 | $ 2,123 |
Less than Twelve Months, Gross Unrealized Losses | $ (139) | $ (9) |
Twelve Months or More, Number of Securities | 13 | 22 |
Twelve Months or More , Fair Value | $ 7,297 | $ 13,590 |
Twelve Months or More , Gross Unrealized Losses | $ (67) | $ (107) |
Number of Securities, Total | 31 | 27 |
Fair Value , Total | $ 18,198 | $ 15,713 |
Gross Unrealized Losses, Total | $ (206) | $ (116) |
Equity Securities [Member] | ||
Note 3 - Investment Securities (Details) - Gross Unrealized Losses and Fair Value by Investment Category and Continuous Unrealized Loss Position [Line Items] | ||
Less than Twelve Months, Number of Securities | 1 | 1 |
Less than Twelve Months, Fair Value | $ 41 | $ 48 |
Less than Twelve Months, Gross Unrealized Losses | $ (1) | $ (1) |
Number of Securities, Total | 1 | 1 |
Fair Value , Total | $ 41 | $ 48 |
Gross Unrealized Losses, Total | $ (1) | $ (1) |
Note 3 - Investment Securitie35
Note 3 - Investment Securities (Details) - Maturities of Investment Securities Available-for-Sale and Held-to-maturity - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Maturities of Investment Securities Available-for-Sale and Held-to-maturity [Abstract] | ||
Due in One Year or Less | $ 2,283 | |
Due in One Year or Less | 2,296 | |
Due after One Year through Five Years | 35,464 | |
Due after One Year through Five Years | 35,519 | |
Due after Five Years through Ten Years | 44,592 | |
Due after Five Years through Ten Years | 44,949 | |
Due after Ten Years | 14,263 | |
Due after Ten Years | 14,627 | |
Total | 96,602 | $ 104,593 |
Total | $ 97,391 | $ 105,449 |
Note 4 - Loans and Related Al36
Note 4 - Loans and Related Allowance for Loan Loss (Details) | Jun. 30, 2015USD ($) | Dec. 31, 2014USD ($) | Jun. 30, 2015USD ($) | Jun. 30, 2014 | Jun. 30, 2015USD ($) | Jun. 30, 2014 | Dec. 31, 2014USD ($) |
Note 4 - Loans and Related Allowance for Loan Loss (Details) [Line Items] | |||||||
Number of Loan Portfolio Segments | 4 | 4 | 4 | ||||
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums (in Dollars) | $ 589,000 | $ 322,000 | $ 589,000 | $ 589,000 | $ 322,000 | ||
Real Estate Loans Serviced for Others (in Dollars) | 65,400,000 | 62,300,000 | 65,400,000 | 65,400,000 | 62,300,000 | ||
Mortgage Loans in Process of Foreclosure, Amount (in Dollars) | $ 2,200,000 | $ 2,700,000 | $ 2,200,000 | $ 2,200,000 | 2,700,000 | ||
Financing Receivable, Modifications, Number of Contracts | 12 | 13 | 1 | 0 | 2 | 0 | |
Financing Receivable, Modifications, Recorded Investment (in Dollars) | $ 4,500,000 | $ 4,000,000 | $ 4,500,000 | $ 4,500,000 | $ 4,000,000 | ||
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | 0 | 0 | |||
Refinanced [Member] | |||||||
Note 4 - Loans and Related Allowance for Loan Loss (Details) [Line Items] | |||||||
Financing Receivable, Modifications, Number of Contracts | 1 | ||||||
Originated Loans [Member] | |||||||
Note 4 - Loans and Related Allowance for Loan Loss (Details) [Line Items] | |||||||
Financing Receivable, Modifications, Number of Contracts | 4 | 4 | |||||
Financing Receivable, Modifications, Recorded Investment (in Dollars) | 1,400,000 | 830,000 | $ 1,400,000 | $ 1,400,000 | $ 830,000 | ||
Acquired Loans [Member] | |||||||
Note 4 - Loans and Related Allowance for Loan Loss (Details) [Line Items] | |||||||
Financing Receivable, Modifications, Number of Contracts | 8 | 9 | |||||
Financing Receivable, Modifications, Recorded Investment (in Dollars) | $ 3,100,000 | $ 3,100,000 | $ 3,100,000 | $ 3,100,000 | $ 3,100,000 | ||
Commercial Portfolio Segment [Member] | |||||||
Note 4 - Loans and Related Allowance for Loan Loss (Details) [Line Items] | |||||||
Financing Receivable, Modifications, Number of Contracts | 2 | ||||||
Financing Receivable, Modifications, Number of Contracts Paid-off | 1 | 1 | |||||
Commercial Portfolio Segment [Member] | Refinanced [Member] | |||||||
Note 4 - Loans and Related Allowance for Loan Loss (Details) [Line Items] | |||||||
Financing Receivable, Modifications, Number of Contracts | 2 | ||||||
Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||||||
Note 4 - Loans and Related Allowance for Loan Loss (Details) [Line Items] | |||||||
Financing Receivable, Modifications, Number of Contracts | 1 |
Note 4 - Loans and Related Al37
Note 4 - Loans and Related Allowance for Loan Loss (Details) - Composition of Loan Portfolio - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Real estate: | ||
Loans receivable | $ 663,150 | $ 685,646 |
Percentage of total loans | 100.00% | 100.00% |
Allowance for Loan Losses | $ (5,686) | $ (5,195) |
Loans, Net | 657,464 | 680,451 |
Originated Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 432,849 | $ 409,331 |
Percentage of total loans | 100.00% | 100.00% |
Allowance for Loan Losses | $ (5,686) | $ (5,195) |
Loans, Net | 427,163 | 404,136 |
Acquired Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 230,301 | $ 276,315 |
Percentage of total loans | 100.00% | 100.00% |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real estate: | ||
Loans receivable | $ 276,607 | $ 323,280 |
Percentage of total loans | 41.60% | 47.10% |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 152,356 | $ 161,719 |
Percentage of total loans | 35.20% | 39.40% |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 124,251 | $ 161,561 |
Percentage of total loans | 53.90% | 58.40% |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real estate: | ||
Loans receivable | $ 195,392 | $ 182,858 |
Percentage of total loans | 29.50% | 26.70% |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 116,356 | $ 104,994 |
Percentage of total loans | 26.90% | 25.70% |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 79,036 | $ 77,864 |
Percentage of total loans | 34.30% | 28.20% |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Real estate: | ||
Loans receivable | $ 78,654 | $ 76,601 |
Percentage of total loans | 11.90% | 11.20% |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 58,474 | $ 53,238 |
Percentage of total loans | 13.50% | 13.00% |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 20,180 | $ 23,363 |
Percentage of total loans | 8.80% | 8.50% |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real estate: | ||
Loans receivable | $ 16,977 | $ 22,197 |
Percentage of total loans | 2.60% | 3.20% |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 10,785 | $ 10,039 |
Percentage of total loans | 2.50% | 2.50% |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 6,192 | $ 12,158 |
Percentage of total loans | 2.70% | 4.40% |
Consumer Portfolio Segment [Member] | ||
Real estate: | ||
Loans receivable | $ 90,700 | $ 77,611 |
Percentage of total loans | 13.70% | 11.30% |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 90,058 | $ 76,242 |
Percentage of total loans | 20.80% | 18.60% |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 642 | $ 1,369 |
Percentage of total loans | 0.30% | 0.50% |
Unallocated Financing Receivables [Member] | ||
Real estate: | ||
Loans receivable | $ 4,820 | $ 3,099 |
Percentage of total loans | 0.70% | 0.50% |
Unallocated Financing Receivables [Member] | Originated Loans [Member] | ||
Real estate: | ||
Loans receivable | $ 4,820 | $ 3,099 |
Percentage of total loans | 1.10% | 0.80% |
Note 4 - Loans and Related Al38
Note 4 - Loans and Related Allowance for Loan Loss (Details) - Credit Quality Information - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Real Estate: | ||
Loans receivable | $ 663,150 | $ 685,646 |
Pass [Member] | ||
Real Estate: | ||
Loans receivable | 633,326 | 657,019 |
Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 16,814 | 17,876 |
Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 11,603 | 9,394 |
Doubtful [Member] | ||
Real Estate: | ||
Loans receivable | 1,407 | 1,357 |
Originated Loans [Member] | ||
Real Estate: | ||
Loans receivable | 432,849 | 409,331 |
Originated Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 412,148 | 388,666 |
Originated Loans [Member] | Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 12,203 | 13,997 |
Originated Loans [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 7,091 | 5,311 |
Originated Loans [Member] | Doubtful [Member] | ||
Real Estate: | ||
Loans receivable | 1,407 | 1,357 |
Acquired Loans [Member] | ||
Real Estate: | ||
Loans receivable | 230,301 | 276,315 |
Acquired Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 221,178 | 268,353 |
Acquired Loans [Member] | Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 4,611 | 3,879 |
Acquired Loans [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 4,512 | 4,083 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real Estate: | ||
Loans receivable | 276,607 | 323,280 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 273,719 | 320,824 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 231 | 194 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 2,651 | 2,243 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Real Estate: | ||
Loans receivable | 6 | 19 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans receivable | 152,356 | 161,719 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 151,855 | 161,191 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 231 | 194 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 264 | 315 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Real Estate: | ||
Loans receivable | 6 | 19 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans receivable | 124,251 | 161,561 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 121,864 | 159,633 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 2,387 | 1,928 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real Estate: | ||
Loans receivable | 195,392 | 182,858 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 174,652 | 163,001 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 13,235 | 13,190 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 6,400 | 5,975 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Real Estate: | ||
Loans receivable | 1,105 | 692 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans receivable | 116,356 | 104,994 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 100,929 | 89,721 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 10,002 | 10,761 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 4,320 | 3,820 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Real Estate: | ||
Loans receivable | 1,105 | 692 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans receivable | 79,036 | 77,864 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 73,723 | 73,280 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 3,233 | 2,429 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 2,080 | 2,155 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Real Estate: | ||
Loans receivable | 78,654 | 76,601 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 73,514 | 71,525 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 3,348 | 4,391 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 1,792 | 383 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Doubtful [Member] | ||
Real Estate: | ||
Loans receivable | 302 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans receivable | 58,474 | 53,238 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 54,757 | 49,612 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 1,970 | 2,941 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 1,747 | 383 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Real Estate: | ||
Loans receivable | 302 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans receivable | 20,180 | 23,363 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 18,757 | 21,913 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 1,378 | 1,450 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 45 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real Estate: | ||
Loans receivable | 16,977 | 22,197 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 15,922 | 20,963 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 101 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 759 | 789 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Real Estate: | ||
Loans receivable | 296 | 344 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans receivable | 10,785 | 10,039 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 9,730 | 8,805 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Real Estate: | ||
Loans receivable | 101 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 759 | 789 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Real Estate: | ||
Loans receivable | 296 | 344 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans receivable | 6,192 | 12,158 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 6,192 | 12,158 |
Consumer Portfolio Segment [Member] | ||
Real Estate: | ||
Loans receivable | 90,700 | 77,611 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 90,699 | 77,607 |
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 1 | 4 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans receivable | 90,058 | 76,242 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 90,057 | 76,238 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Substandard [Member] | ||
Real Estate: | ||
Loans receivable | 1 | 4 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans receivable | 642 | 1,369 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 642 | 1,369 |
Unallocated Financing Receivables [Member] | ||
Real Estate: | ||
Loans receivable | 4,820 | 3,099 |
Unallocated Financing Receivables [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | 4,820 | 3,099 |
Unallocated Financing Receivables [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans receivable | 4,820 | 3,099 |
Unallocated Financing Receivables [Member] | Originated Loans [Member] | Pass [Member] | ||
Real Estate: | ||
Loans receivable | $ 4,820 | $ 3,099 |
Note 4 - Loans and Related Al39
Note 4 - Loans and Related Allowance for Loan Loss (Details) - Delinquencies in the Loan Portfolio - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Real Estate: | ||
Loans current | $ 656,159 | $ 677,711 |
Total past due | 3,994 | 4,979 |
Non-accrual | 2,997 | 2,956 |
Total loans | 663,150 | 685,646 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 1,109 | 4,542 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 2,653 | 58 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 232 | 379 |
Originated Loans [Member] | ||
Real Estate: | ||
Loans current | 428,898 | 405,028 |
Total past due | 2,835 | 3,065 |
Non-accrual | 1,116 | 1,238 |
Total loans | 432,849 | 409,331 |
Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 775 | 3,015 |
Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 2,060 | 40 |
Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 10 | |
Acquired Loans [Member] | ||
Real Estate: | ||
Loans current | 227,261 | 272,683 |
Total past due | 1,159 | 1,914 |
Non-accrual | 1,881 | 1,718 |
Total loans | 230,301 | 276,315 |
Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 334 | 1,527 |
Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 593 | 18 |
Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 232 | 369 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real Estate: | ||
Loans current | 273,958 | 319,721 |
Total past due | 932 | 2,016 |
Non-accrual | 1,717 | 1,543 |
Total loans | 276,607 | 323,280 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 262 | 1,613 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 438 | 34 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 232 | 369 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans current | 151,994 | 161,145 |
Total past due | 96 | 265 |
Non-accrual | 266 | 309 |
Total loans | 152,356 | 161,719 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 96 | 249 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 16 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans current | 121,964 | 158,576 |
Total past due | 836 | 1,751 |
Non-accrual | 1,451 | 1,234 |
Total loans | 124,251 | 161,561 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 166 | 1,364 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 438 | 18 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 232 | 369 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real Estate: | ||
Loans current | 192,253 | 179,268 |
Total past due | 2,202 | 2,525 |
Non-accrual | 937 | 1,065 |
Total loans | 195,392 | 182,858 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 187 | 2,525 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 2,015 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans current | 113,647 | 102,016 |
Total past due | 2,202 | 2,397 |
Non-accrual | 507 | 581 |
Total loans | 116,356 | 104,994 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 187 | 2,397 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 2,015 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans current | 78,606 | 77,252 |
Total past due | 128 | |
Non-accrual | 430 | 484 |
Total loans | 79,036 | 77,864 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 128 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Real Estate: | ||
Loans current | 78,454 | 76,590 |
Total past due | 155 | 7 |
Non-accrual | 45 | 4 |
Total loans | 78,654 | 76,601 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 7 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 155 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans current | 58,429 | 53,234 |
Non-accrual | 45 | 4 |
Total loans | 58,474 | 53,238 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans current | 20,025 | 23,356 |
Total past due | 155 | 7 |
Total loans | 20,180 | 23,363 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 7 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 155 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real Estate: | ||
Loans current | 16,512 | 21,853 |
Total past due | 168 | |
Non-accrual | 297 | 344 |
Total loans | 16,977 | 22,197 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 168 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans current | 10,488 | 9,695 |
Non-accrual | 297 | 344 |
Total loans | 10,785 | 10,039 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans current | 6,024 | 12,158 |
Total past due | 168 | |
Total loans | 6,192 | 12,158 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 168 | |
Consumer Portfolio Segment [Member] | ||
Real Estate: | ||
Loans current | 90,162 | 77,180 |
Total past due | 537 | 431 |
Non-accrual | 1 | |
Total loans | 90,700 | 77,611 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 492 | 397 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 45 | 24 |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 10 | |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans current | 89,520 | 75,839 |
Total past due | 537 | 403 |
Non-accrual | 1 | |
Total loans | 90,058 | 76,242 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 492 | 369 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 45 | 24 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 10 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans current | 642 | 1,341 |
Total past due | 28 | |
Total loans | 642 | 1,369 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Real Estate: | ||
Total past due | 28 | |
Unallocated Financing Receivables [Member] | ||
Real Estate: | ||
Loans current | 4,820 | 3,099 |
Total loans | 4,820 | 3,099 |
Unallocated Financing Receivables [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans current | 4,820 | 3,099 |
Total loans | $ 4,820 | $ 3,099 |
Note 4 - Loans and Related Al40
Note 4 - Loans and Related Allowance for Loan Loss (Details) - Nonperforming Assets - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Jun. 30, 2015 | Dec. 31, 2014 | |
Nonaccrual Loans: | |||
Nonaccrual loans | $ 2,997 | $ 2,997 | $ 2,956 |
Total Nonperforming Loans | 663,150 | 663,150 | 685,646 |
Total Nonperforming Assets | $ 836,767 | $ 836,767 | $ 846,314 |
Nonperforming Loans to Total Loans | 1.12% | 1.12% | 1.03% |
Nonperforming Assets to Total Assets | 0.92% | 0.92% | 0.86% |
Originated Loans: | |||
Nonperforming loans | $ 705 | $ 1,135 | |
Nonperforming Financial Instruments [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 2,997 | 2,997 | $ 2,956 |
Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due | 3,229 | 3,229 | 3,335 |
Total Nonperforming Loans | 7,415 | 7,415 | 7,028 |
Total Nonperforming Assets | 7,740 | 7,740 | 7,306 |
Originated Loans: | |||
Nonperforming loans | 4,186 | 3,693 | |
Real estate owned | 325 | 325 | 278 |
Originated Loans [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 1,116 | 1,116 | 1,238 |
Total Nonperforming Loans | 432,849 | 432,849 | 409,331 |
Originated Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Originated Loans: | |||
Nonperforming loans | 1,137 | 556 | |
Acquired Loans [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 1,881 | 1,881 | 1,718 |
Total Nonperforming Loans | 230,301 | 230,301 | 276,315 |
Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Originated Loans: | |||
Nonperforming loans | 3,049 | 3,137 | |
Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | |||
Nonaccrual Loans: | |||
Accruing loans past due 90 days or more | 232 | 232 | 379 |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Originated Loans: | |||
Real estate owned | 151 | 151 | 104 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 1,717 | 1,717 | 1,543 |
Total Nonperforming Loans | 276,607 | 276,607 | 323,280 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 1,717 | 1,717 | 1,543 |
Accruing loans past due 90 days or more | 232 | 232 | 369 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 266 | 266 | 309 |
Total Nonperforming Loans | 152,356 | 152,356 | 161,719 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 1,451 | 1,451 | 1,234 |
Total Nonperforming Loans | 124,251 | 124,251 | 161,561 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Originated Loans: | |||
Nonperforming loans | 1,315 | 1,337 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 937 | 937 | 1,065 |
Total Nonperforming Loans | 195,392 | 195,392 | 182,858 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 937 | 937 | 1,065 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 507 | 507 | 581 |
Total Nonperforming Loans | 116,356 | 116,356 | 104,994 |
Originated Loans: | |||
Nonperforming loans | 705 | 1,135 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Originated Loans: | |||
Nonperforming loans | 1,129 | 246 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 430 | 430 | 484 |
Total Nonperforming Loans | 79,036 | 79,036 | 77,864 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Originated Loans: | |||
Nonperforming loans | 1,734 | 1,800 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 45 | 45 | 4 |
Total Nonperforming Loans | 78,654 | 78,654 | 76,601 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Nonperforming Financial Instruments [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 45 | 45 | 4 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 45 | 45 | 4 |
Total Nonperforming Loans | 58,474 | 58,474 | 53,238 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Nonperforming Financial Instruments [Member] | |||
Originated Loans: | |||
Nonperforming loans | 8 | 310 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | |||
Nonaccrual Loans: | |||
Total Nonperforming Loans | 20,180 | 20,180 | 23,363 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 297 | 297 | 344 |
Total Nonperforming Loans | 16,977 | 16,977 | 22,197 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 297 | 297 | 344 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 297 | 297 | 344 |
Total Nonperforming Loans | 10,785 | 10,785 | 10,039 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Nonaccrual Loans: | |||
Total Nonperforming Loans | 6,192 | 6,192 | 12,158 |
Consumer Portfolio Segment [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 1 | 1 | |
Total Nonperforming Loans | 90,700 | 90,700 | 77,611 |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 1 | 1 | |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Nonaccrual Loans: | |||
Nonaccrual loans | 1 | 1 | |
Total Nonperforming Loans | 90,058 | 90,058 | 76,242 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Nonaccrual Loans: | |||
Total Nonperforming Loans | 642 | 642 | 1,369 |
Consumer Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | |||
Nonaccrual Loans: | |||
Accruing loans past due 90 days or more | 10 | ||
Unallocated Financing Receivables [Member] | |||
Nonaccrual Loans: | |||
Total Nonperforming Loans | 4,820 | 4,820 | 3,099 |
Unallocated Financing Receivables [Member] | Nonperforming Financial Instruments [Member] | |||
Originated Loans: | |||
Real estate owned | 174 | 174 | 174 |
Unallocated Financing Receivables [Member] | Originated Loans [Member] | |||
Nonaccrual Loans: | |||
Total Nonperforming Loans | $ 4,820 | $ 4,820 | $ 3,099 |
Note 4 - Loans and Related Al41
Note 4 - Loans and Related Allowance for Loan Loss (Details) - Loans Classified as TDRs $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2015USD ($) | Jun. 30, 2014 | Jun. 30, 2015USD ($) | Jun. 30, 2014 | Dec. 31, 2014 |
Real Estate | |||||||
Number of contracts | 12 | 13 | 1 | 0 | 2 | 0 | |
Pre- modification outstanding recorded investment | $ 675 | $ 912 | |||||
Post- modification outstanding recorded investment | 705 | 1,135 | |||||
Related allowance | $ 108 | $ 108 | |||||
Originated Loans [Member] | |||||||
Real Estate | |||||||
Number of contracts | 4 | 4 | |||||
Commercial Portfolio Segment [Member] | |||||||
Real Estate | |||||||
Number of contracts | 2 | ||||||
Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||||||
Real Estate | |||||||
Number of contracts | 1 | ||||||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||||||
Real Estate | |||||||
Number of contracts | 1 | 2 | |||||
Pre- modification outstanding recorded investment | $ 675 | $ 912 | |||||
Post- modification outstanding recorded investment | 705 | 1,135 | |||||
Related allowance | $ 108 | $ 108 |
Note 4 - Loans and Related Al42
Note 4 - Loans and Related Allowance for Loan Loss (Details) - Impaired Loans - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Real Estate: | ||
Recorded investment - with no related allowance | $ 9,302,000 | $ 6,559,000 |
Unpaid principal balance - with no related allowance | 9,368,000 | 6,637,000 |
Average recorded investment - with no related allowance | 9,415,000 | 7,664,000 |
Interest income recognized - with no related allowance | 205,000 | 310,000 |
Real Estate: | ||
Related allowance - with related allowance | 534,000 | 873,000 |
Unpaid principal balance - with related allowance | 2,000,000 | 2,800,000 |
Real Estate: | ||
Recorded investment | 11,298,000 | 9,391,000 |
Related allowance | 534,000 | 873,000 |
Unpaid principal balance | 11,375,000 | 9,476,000 |
Average recorded investment | 11,471,000 | 10,776,000 |
Interest income recognized | 221,000 | 419,000 |
Originated Loans [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 6,241,000 | 3,766,000 |
Unpaid principal balance - with no related allowance | 6,253,000 | 3,805,000 |
Average recorded investment - with no related allowance | 6,296,000 | 4,781,000 |
Interest income recognized - with no related allowance | 128,000 | 166,000 |
Real Estate: | ||
Recorded investment - with related allowance | 1,996,000 | 2,832,000 |
Related allowance - with related allowance | 534,000 | 873,000 |
Unpaid principal balance - with related allowance | 2,007,000 | 2,839,000 |
Average recorded investment - with related allowance | 2,056,000 | 3,112,000 |
Interest income recognized - with related allowance | 16,000 | 109,000 |
Real Estate: | ||
Recorded investment | 8,237,000 | 6,598,000 |
Related allowance | 534,000 | 873,000 |
Unpaid principal balance | 8,260,000 | 6,644,000 |
Average recorded investment | 8,352,000 | 7,893,000 |
Interest income recognized | 144,000 | 275,000 |
Acquired Loans [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 3,061,000 | 2,793,000 |
Unpaid principal balance - with no related allowance | 3,115,000 | 2,832,000 |
Average recorded investment - with no related allowance | 3,119,000 | 2,883,000 |
Interest income recognized - with no related allowance | 77,000 | 144,000 |
Real Estate: | ||
Recorded investment | 3,061,000 | 2,793,000 |
Unpaid principal balance | 3,115,000 | 2,832,000 |
Average recorded investment | 3,119,000 | 2,883,000 |
Interest income recognized | 77,000 | 144,000 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 946,000 | 992,000 |
Unpaid principal balance - with no related allowance | 958,000 | 1,017,000 |
Average recorded investment - with no related allowance | 962,000 | 1,012,000 |
Interest income recognized - with no related allowance | 26,000 | 51,000 |
Real Estate: | ||
Recorded investment | 946,000 | 992,000 |
Unpaid principal balance | 958,000 | 1,017,000 |
Average recorded investment | 962,000 | 1,012,000 |
Interest income recognized | 26,000 | 51,000 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 10,000 | 45,000 |
Unpaid principal balance - with no related allowance | 22,000 | 70,000 |
Average recorded investment - with no related allowance | 21,000 | 55,000 |
Interest income recognized - with no related allowance | 1,000 | |
Real Estate: | ||
Recorded investment | 10,000 | 45,000 |
Unpaid principal balance | 22,000 | 70,000 |
Average recorded investment | 21,000 | 55,000 |
Interest income recognized | 1,000 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 936,000 | 947,000 |
Unpaid principal balance - with no related allowance | 936,000 | 947,000 |
Average recorded investment - with no related allowance | 941,000 | 957,000 |
Interest income recognized - with no related allowance | 25,000 | 51,000 |
Real Estate: | ||
Recorded investment | 936,000 | 947,000 |
Unpaid principal balance | 936,000 | 947,000 |
Average recorded investment | 941,000 | 957,000 |
Interest income recognized | 25,000 | 51,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 6,207,000 | 5,198,000 |
Unpaid principal balance - with no related allowance | 6,261,000 | 5,251,000 |
Average recorded investment - with no related allowance | 6,339,000 | 6,226,000 |
Interest income recognized - with no related allowance | 139,000 | 242,000 |
Real Estate: | ||
Related allowance - with related allowance | 370,000 | 519,000 |
Real Estate: | ||
Recorded investment | 7,668,000 | 6,580,000 |
Related allowance | 370,000 | 519,000 |
Unpaid principal balance | 7,733,000 | 6,640,000 |
Average recorded investment | 7,807,000 | 7,653,000 |
Interest income recognized | 148,000 | 293,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 4,127,000 | 3,352,000 |
Unpaid principal balance - with no related allowance | 4,127,000 | 3,366,000 |
Average recorded investment - with no related allowance | 4,210,000 | 4,300,000 |
Interest income recognized - with no related allowance | 88,000 | 149,000 |
Real Estate: | ||
Recorded investment - with related allowance | 1,461,000 | 1,382,000 |
Related allowance - with related allowance | 370,000 | 519,000 |
Unpaid principal balance - with related allowance | 1,472,000 | 1,389,000 |
Average recorded investment - with related allowance | 1,468,000 | 1,427,000 |
Interest income recognized - with related allowance | 9,000 | 51,000 |
Real Estate: | ||
Recorded investment | 5,588,000 | 4,734,000 |
Related allowance | 370,000 | 519,000 |
Unpaid principal balance | 5,599,000 | 4,755,000 |
Average recorded investment | 5,678,000 | 5,727,000 |
Interest income recognized | 97,000 | 200,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 2,080,000 | 1,846,000 |
Unpaid principal balance - with no related allowance | 2,134,000 | 1,885,000 |
Average recorded investment - with no related allowance | 2,129,000 | 1,926,000 |
Interest income recognized - with no related allowance | 51,000 | 93,000 |
Real Estate: | ||
Recorded investment | 2,080,000 | 1,846,000 |
Unpaid principal balance | 2,134,000 | 1,885,000 |
Average recorded investment | 2,129,000 | 1,926,000 |
Interest income recognized | 51,000 | 93,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 1,390,000 | 369,000 |
Unpaid principal balance - with no related allowance | 1,390,000 | 369,000 |
Average recorded investment - with no related allowance | 1,340,000 | 426,000 |
Interest income recognized - with no related allowance | 24,000 | 17,000 |
Real Estate: | ||
Related allowance - with related allowance | 159,000 | 254,000 |
Real Estate: | ||
Recorded investment | 1,629,000 | 686,000 |
Related allowance | 159,000 | 254,000 |
Unpaid principal balance | 1,629,000 | 686,000 |
Average recorded investment | 1,603,000 | 745,000 |
Interest income recognized | 31,000 | 34,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 1,345,000 | 369,000 |
Unpaid principal balance - with no related allowance | 1,345,000 | 369,000 |
Average recorded investment - with no related allowance | 1,291,000 | 426,000 |
Interest income recognized - with no related allowance | 23,000 | 17,000 |
Real Estate: | ||
Recorded investment - with related allowance | 239,000 | 317,000 |
Related allowance - with related allowance | 159,000 | 254,000 |
Unpaid principal balance - with related allowance | 239,000 | 317,000 |
Average recorded investment - with related allowance | 263,000 | 319,000 |
Interest income recognized - with related allowance | 7,000 | 17,000 |
Real Estate: | ||
Recorded investment | 1,584,000 | 686,000 |
Related allowance | 159,000 | 254,000 |
Unpaid principal balance | 1,584,000 | 686,000 |
Average recorded investment | 1,554,000 | 745,000 |
Interest income recognized | 30,000 | 34,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 45,000 | |
Unpaid principal balance - with no related allowance | 45,000 | |
Average recorded investment - with no related allowance | 49,000 | |
Interest income recognized - with no related allowance | 1,000 | |
Real Estate: | ||
Recorded investment | 45,000 | |
Unpaid principal balance | 45,000 | |
Average recorded investment | 49,000 | |
Interest income recognized | 1,000 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 759,000 | |
Unpaid principal balance - with no related allowance | 759,000 | |
Average recorded investment - with no related allowance | 774,000 | |
Interest income recognized - with no related allowance | 16,000 | |
Real Estate: | ||
Related allowance - with related allowance | 5,000 | 100,000 |
Real Estate: | ||
Recorded investment | 1,055,000 | 1,133,000 |
Related allowance | 5,000 | 100,000 |
Unpaid principal balance | 1,055,000 | 1,133,000 |
Average recorded investment | 1,099,000 | 1,366,000 |
Interest income recognized | 16,000 | 41,000 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Recorded investment - with no related allowance | 759,000 | |
Unpaid principal balance - with no related allowance | 759,000 | |
Average recorded investment - with no related allowance | 774,000 | |
Interest income recognized - with no related allowance | 16,000 | |
Real Estate: | ||
Recorded investment - with related allowance | 296,000 | 1,133,000 |
Related allowance - with related allowance | 5,000 | 100,000 |
Unpaid principal balance - with related allowance | 296,000 | 1,133,000 |
Average recorded investment - with related allowance | 325,000 | 1,366,000 |
Interest income recognized - with related allowance | 41,000 | |
Real Estate: | ||
Recorded investment | 1,055,000 | 1,133,000 |
Related allowance | 5,000 | 100,000 |
Unpaid principal balance | 1,055,000 | 1,133,000 |
Average recorded investment | 1,099,000 | 1,366,000 |
Interest income recognized | $ 16,000 | $ 41,000 |
Note 4 - Loans and Related Al43
Note 4 - Loans and Related Allowance for Loan Loss (Details) - Activity in the Allowance for Loan Losses - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | Mar. 31, 2015 | Dec. 31, 2014 | Mar. 31, 2014 | Dec. 31, 2013 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Balance as of | $ 5,686 | $ 5,340 | $ 5,686 | $ 5,340 | $ 5,478 | $ 5,195 | $ 5,372 | $ 5,382 |
Originated Loans | ||||||||
Individually Evaluated for Impairment | 534 | 942 | 534 | 942 | 873 | |||
Collectively Evaluated for Potential Impairment | 5,152 | 4,398 | 5,152 | 4,398 | 4,322 | |||
Originated Loans | ||||||||
Charge-offs | (192) | (40) | (245) | (76) | ||||
Recoveries | 25 | 8 | 61 | 34 | ||||
Provision | 375 | 675 | ||||||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Balance as of | 1,667 | 1,478 | 1,667 | 1,478 | 2,513 | 2,690 | 1,481 | 1,481 |
Originated Loans | ||||||||
Collectively Evaluated for Potential Impairment | 1,667 | 1,478 | 1,667 | 1,478 | 2,690 | |||
Originated Loans | ||||||||
Charge-offs | (111) | (10) | (111) | (10) | ||||
Recoveries | 2 | 5 | 1 | |||||
Provision | (737) | 7 | (917) | 6 | ||||
Commercial Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Balance as of | 1,746 | 1,712 | 1,746 | 1,712 | 608 | 582 | 1,703 | 1,703 |
Originated Loans | ||||||||
Individually Evaluated for Impairment | 370 | 493 | 370 | 493 | 519 | |||
Collectively Evaluated for Potential Impairment | 1,376 | 1,219 | 1,376 | 1,219 | 63 | |||
Originated Loans | ||||||||
Charge-offs | (12) | (18) | ||||||
Recoveries | 1 | 3 | ||||||
Provision | 1,149 | 9 | 1,179 | 9 | ||||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Balance as of | 87 | 293 | 87 | 293 | 145 | 122 | 355 | 355 |
Originated Loans | ||||||||
Individually Evaluated for Impairment | 5 | 201 | 5 | 201 | 100 | |||
Collectively Evaluated for Potential Impairment | 82 | 92 | 82 | 92 | 22 | |||
Originated Loans | ||||||||
Provision | (58) | (62) | (35) | (62) | ||||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Balance as of | 917 | 1,027 | 917 | 1,027 | 913 | 684 | 1,014 | 1,013 |
Originated Loans | ||||||||
Individually Evaluated for Impairment | 159 | 248 | 159 | 248 | 254 | |||
Collectively Evaluated for Potential Impairment | 758 | 779 | 758 | 779 | 430 | |||
Originated Loans | ||||||||
Recoveries | 10 | 1 | 10 | 2 | ||||
Provision | (6) | 12 | 223 | 12 | ||||
Consumer Portfolio Segment [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Balance as of | 1,338 | 571 | 1,338 | 571 | 1,011 | 1,015 | 580 | 592 |
Originated Loans | ||||||||
Collectively Evaluated for Potential Impairment | 1,338 | 571 | 1,338 | 571 | 1,015 | |||
Originated Loans | ||||||||
Charge-offs | (69) | (30) | (116) | (66) | ||||
Recoveries | 12 | 7 | 43 | 31 | ||||
Provision | 384 | 14 | 396 | 14 | ||||
Unallocated Financing Receivables [Member] | ||||||||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||||||||
Balance as of | (69) | 259 | (69) | 259 | $ 288 | 102 | $ 239 | $ 238 |
Originated Loans | ||||||||
Collectively Evaluated for Potential Impairment | (69) | 259 | (69) | 259 | $ 102 | |||
Originated Loans | ||||||||
Provision | $ (357) | $ 20 | $ (171) | $ 21 |
Note 4 - Loans and Related Al44
Note 4 - Loans and Related Allowance for Loan Loss (Details) - Accretable Discount on Loans Acquired at Fair Value $ in Thousands | 6 Months Ended |
Jun. 30, 2015USD ($) | |
Accretable Discount on Loans Acquired at Fair Value [Abstract] | |
Balance at December 31, 2014 | $ 4,359 |
Balance at June 30, 2015 | 3,960 |
Accretable yield | (477) |
Nonaccretable premium | $ 78 |
Note 4 - Loans and Related Al45
Note 4 - Loans and Related Allowance for Loan Loss (Details) - Major Classifications of Loans Summarized by Individually Evaluated for Impairment and Collectively Evaluated for Potential Losses - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Originated Loans | ||
Individually Evaluated for Impairment | $ 11,298 | $ 9,391 |
Collectively Evaluated for Potential Impairment | 651,852 | 676,255 |
Total Loans | 663,150 | 685,646 |
Originated Loans [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 8,237 | 6,598 |
Collectively Evaluated for Potential Impairment | 424,612 | 402,733 |
Total Loans | 432,849 | 409,331 |
Acquired Loans [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 3,061 | 2,793 |
Collectively Evaluated for Potential Impairment | 227,240 | 273,522 |
Total Loans | 230,301 | 276,315 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 946 | 992 |
Collectively Evaluated for Potential Impairment | 275,661 | 322,288 |
Total Loans | 276,607 | 323,280 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 10 | 45 |
Collectively Evaluated for Potential Impairment | 152,346 | 161,674 |
Total Loans | 152,356 | 161,719 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 936 | 947 |
Collectively Evaluated for Potential Impairment | 123,315 | 160,614 |
Total Loans | 124,251 | 161,561 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 7,668 | 6,580 |
Collectively Evaluated for Potential Impairment | 187,724 | 176,278 |
Total Loans | 195,392 | 182,858 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 5,588 | 4,734 |
Collectively Evaluated for Potential Impairment | 110,768 | 100,260 |
Total Loans | 116,356 | 104,994 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 2,080 | 1,846 |
Collectively Evaluated for Potential Impairment | 76,956 | 76,018 |
Total Loans | 79,036 | 77,864 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 1,629 | 686 |
Collectively Evaluated for Potential Impairment | 77,025 | 75,915 |
Total Loans | 78,654 | 76,601 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 1,584 | 686 |
Collectively Evaluated for Potential Impairment | 56,890 | 52,552 |
Total Loans | 58,474 | 53,238 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 45 | |
Collectively Evaluated for Potential Impairment | 20,135 | 23,363 |
Total Loans | 20,180 | 23,363 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 1,055 | 1,133 |
Collectively Evaluated for Potential Impairment | 15,922 | 21,064 |
Total Loans | 16,977 | 22,197 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Originated Loans | ||
Individually Evaluated for Impairment | 1,055 | 1,133 |
Collectively Evaluated for Potential Impairment | 9,730 | 8,906 |
Total Loans | 10,785 | 10,039 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Originated Loans | ||
Collectively Evaluated for Potential Impairment | 6,192 | 12,158 |
Total Loans | 6,192 | 12,158 |
Consumer Portfolio Segment [Member] | ||
Originated Loans | ||
Collectively Evaluated for Potential Impairment | 90,700 | 77,611 |
Total Loans | 90,700 | 77,611 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Originated Loans | ||
Collectively Evaluated for Potential Impairment | 90,058 | 76,242 |
Total Loans | 90,058 | 76,242 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Originated Loans | ||
Collectively Evaluated for Potential Impairment | 642 | 1,369 |
Total Loans | 642 | 1,369 |
Unallocated Financing Receivables [Member] | ||
Originated Loans | ||
Collectively Evaluated for Potential Impairment | 4,820 | 3,099 |
Total Loans | 4,820 | 3,099 |
Unallocated Financing Receivables [Member] | Originated Loans [Member] | ||
Originated Loans | ||
Collectively Evaluated for Potential Impairment | 4,820 | 3,099 |
Total Loans | $ 4,820 | $ 3,099 |
Note 5 - Deposits (Details)
Note 5 - Deposits (Details) - USD ($) $ in Millions | Jun. 30, 2015 | Dec. 31, 2014 |
Disclosure Text Block [Abstract] | ||
Time Deposits, $250,000 or More | $ 35.6 | $ 26.9 |
Note 5 - Deposits (Details) - M
Note 5 - Deposits (Details) - Maturities of Time Deposits - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Maturities of Time Deposits [Abstract] | ||
One Year or Less | $ 61,487 | |
Over One Through Two Years | 31,633 | |
Over Two Through Three Years | 15,767 | |
Over Three Through Four Years | 13,016 | |
Over Four Through Five Years | 20,451 | |
Over Five Years | 11,515 | |
Total | $ 153,869 | $ 151,594 |
Note 6 - Short-term Borrowing48
Note 6 - Short-term Borrowings (Details) - Federal Funds Purchased and Short-term Borrowings - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2014 | |
Note 6 - Short-term Borrowings (Details) - Federal Funds Purchased and Short-term Borrowings [Line Items] | ||
Balance at Year-End | $ 22,817 | $ 46,684 |
Other Short-term Debt [Member] | ||
Note 6 - Short-term Borrowings (Details) - Federal Funds Purchased and Short-term Borrowings [Line Items] | ||
Balance at Year-End | $ 25,800 | |
Balance at Year-End, Weighted Average Rate | 0.32% | |
Average Balance Outstanding During the Year | $ 10,944 | $ 4,283 |
Average Balance Outstanding During the Year, Weighted Average Rate | 0.35% | 0.31% |
Maximum Amount Outstanding at any Month End | $ 30,950 | $ 25,800 |
Federal Funds Purchased [Member] | ||
Note 6 - Short-term Borrowings (Details) - Federal Funds Purchased and Short-term Borrowings [Line Items] | ||
Average Balance Outstanding During the Year | $ 414 | $ 375 |
Average Balance Outstanding During the Year, Weighted Average Rate | 0.49% | 0.46% |
Maximum Amount Outstanding at any Month End | $ 100 | $ 1,850 |
Securities Sold under Agreements to Repurchase [Member] | ||
Note 6 - Short-term Borrowings (Details) - Federal Funds Purchased and Short-term Borrowings [Line Items] | ||
Balance at Year-End | $ 22,817 | $ 20,884 |
Balance at Year-End, Weighted Average Rate | 0.18% | 0.17% |
Average Balance Outstanding During the Year | $ 22,162 | $ 17,525 |
Average Balance Outstanding During the Year, Weighted Average Rate | 0.24% | 0.26% |
Maximum Amount Outstanding at any Month End | $ 24,013 | $ 25,893 |
Securities Collaterizing the Agreements at Year-End: | ||
Carrying Value | 26,039 | 23,244 |
Market Value | $ 26,085 | $ 23,243 |
Note 7 - Other Borrowed Funds49
Note 7 - Other Borrowed Funds (Details) - USD ($) $ in Millions | Jun. 30, 2015 | Dec. 31, 2014 |
Note 7 - Other Borrowed Funds (Details) [Line Items] | ||
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | $ 331.9 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | 20 | $ 20 |
Federal Reserve Bank [Member] | ||
Note 7 - Other Borrowed Funds (Details) [Line Items] | ||
Line of Credit Facility, Maximum Borrowing Capacity | 40 | |
Long-term Line of Credit | $ 0 | $ 0 |
Note 7 - Other Borrowed Funds50
Note 7 - Other Borrowed Funds (Details) - Federal Home Loan Bank Advances - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Federal Home Loan Bank Advances [Abstract] | ||
Due in One Year | $ 14,024 | $ 15,136 |
Due in One Year | 3.84% | 3.78% |
Due After One Year to Two Years | $ 3,500 | |
Due After One Year to Two Years | 0.94% | |
Due After Two Years to Three Years | $ 3,500 | |
Due After Two Years to Three Years | 1.35% | |
Due After Three Years to Four Years | $ 3,000 | |
Due After Three Years to Four Years | 1.68% | |
Due After Four Years to Five Years | $ 3,000 | |
Due After Four Years to Five Years | 1.88% | |
Due After Five Years | $ 2,000 | |
Due After Five Years | 2.12% | |
Total | $ 29,024 | $ 15,136 |
Total | 2.64% | 3.78% |
Note 8 - Commitments and Cont51
Note 8 - Commitments and Contingent Liabilities (Details) - Unused and Available Credit Balances of Financial Instruments Whose Contracts Represent Credit Risk - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Financial instruments | $ 136,365 | $ 113,221 |
Financial Standby Letter of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Financial instruments | 25,485 | 18,260 |
Performance Guarantee [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Financial instruments | 2,224 | 2,986 |
Construction Mortgages [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Financial instruments | 19,865 | 12,241 |
Personal Line Of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Financial instruments | 5,885 | 5,675 |
Overdraft Protection Lines [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Financial instruments | 6,279 | 6,505 |
Home Equity Lines of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Financial instruments | 13,840 | 13,253 |
Commercial Lines Of Credit [Member] | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Financial instruments | $ 62,787 | $ 54,301 |
Note 9 - Fair Value Disclosur52
Note 9 - Fair Value Disclosure (Details) - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
Fair Value Disclosures [Abstract] | ||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | $ 2,000,000 | $ 2,800,000 |
Impaired Financing Receivable, Related Allowance | $ 534,000 | $ 873,000 |
Note 9 - Fair Value Disclosur53
Note 9 - Fair Value Disclosure (Details) - Assets and Liabilities Reported Fair Value - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Available for Sales Securities: | ||
Available for Sale Securities | $ 97,391 | $ 105,449 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | ||
Available for Sales Securities: | ||
Available for Sale Securities | 48,823 | 57,651 |
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available for Sales Securities: | ||
Available for Sale Securities | 43,582 | 42,381 |
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for Sales Securities: | ||
Available for Sale Securities | 3,815 | 4,273 |
Fair Value, Inputs, Level 1 [Member] | Equity Securities - Mutual Funds [Member] | ||
Available for Sales Securities: | ||
Available for Sale Securities | 513 | 514 |
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | ||
Available for Sales Securities: | ||
Available for Sale Securities | $ 658 | $ 630 |
Note 9 - Fair Value Disclosur54
Note 9 - Fair Value Disclosure (Details) - Significant Unobservable Inputs Used in the Fair Value Measurements - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired Loans | $ 11,298 | $ 9,391 |
Minimum [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired Loans | 10.00% | |
OREO | 10.00% | |
Minimum [Member] | Market Approach Valuation Technique [Member] | OREO [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired Loans | 10.00% | |
OREO | 10.00% | |
Maximum [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired Loans | 30.00% | |
OREO | 30.00% | |
Maximum [Member] | Market Approach Valuation Technique [Member] | OREO [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired Loans | 50.00% | |
OREO | 50.00% | |
Fair Value, Inputs, Level 3 [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
Impaired Loans | $ 1,462 | 1,959 |
Fair Value, Inputs, Level 3 [Member] | Market Approach Valuation Technique [Member] | OREO [Member] | ||
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ||
OREO | $ 431 | $ 77 |
Note 9 - Fair Value Disclosur55
Note 9 - Fair Value Disclosure (Details) - Estimated Fair Values of the Company’s Financial Instruments - USD ($) $ in Thousands | Jun. 30, 2015 | Dec. 31, 2014 |
Cash and Due From Banks: | ||
Interest Bearing | $ 25,257 | $ 5,933 |
Non-Interest Bearing | 10,173 | 5,818 |
Investment Securities: | ||
Available for Sale | 97,391 | 105,449 |
Held-to-Maturity | 504 | |
Bank-Owned Life Insurance | 17,970 | 17,735 |
Financial Liabilities: | ||
Deposits | 695,455 | 697,494 |
Short-term Borrowings | 22,817 | 46,684 |
Other Borrowed Funds | 29,024 | 15,136 |
Fair Value, Inputs, Level 1 [Member] | ||
Cash and Due From Banks: | ||
Interest Bearing | 25,257 | 5,933 |
Interest Bearing | 25,257 | 5,933 |
Non-Interest Bearing | 10,173 | 5,818 |
Non-Interest Bearing | 10,173 | 5,818 |
Fair Value, Inputs, Level 2 [Member] | ||
Investment Securities: | ||
Held-to-Maturity | 504 | |
Held-to-Maturity | 504 | |
Restricted Stock | 3,070 | 3,390 |
Restricted Stock | 3,070 | 3,390 |
Bank-Owned Life Insurance | 17,970 | 17,735 |
Bank-Owned Life Insurance | 17,970 | 17,735 |
Accrued Interest Receivable | 2,400 | 2,535 |
Accrued Interest Receivable | 2,400 | 2,535 |
Financial Liabilities: | ||
Deposits | 695,455 | 697,494 |
Deposits | 696,040 | 698,418 |
Short-term Borrowings | 22,817 | 46,684 |
Short-term Borrowings | 22,817 | 46,684 |
Accrued Interest Payable | 361 | 348 |
Accrued Interest Payable | 361 | 348 |
Fair Value, Inputs, Level 3 [Member] | ||
Investment Securities: | ||
Loans, Net | 657,464 | 680,451 |
Loans, Net | 674,746 | 695,844 |
Financial Liabilities: | ||
Other Borrowed Funds | 29,024 | 15,136 |
Other Borrowed Funds | $ 29,101 | $ 15,305 |