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) September 30, 2015 December 31, 2014 Amount Percent Amount Percent Originated Loans Real Estate: Residential $ 164,362 35.8 % $ 161,719 39.4 % Commercial 124,786 27.2 104,994 25.7 Construction 14,200 3.1 10,039 2.5 Commercial and Industrial 52,725 11.5 53,238 13.0 Consumer 98,044 21.4 76,242 18.6 Other 4,671 1.0 3,099 0.8 Total Originated Loans 458,788 100.0 % 409,331 100.0 % Allowance for Loan Losses (5,888 ) (5,195 ) Loans, Net $ 452,900 $ 404,136 Loans Acquired at Fair Value Real Estate: Residential $ 109,078 52.4 % $ 161,561 58.4 % Commercial 77,296 37.1 77,864 28.2 Construction 4,583 2.2 12,158 4.4 Commercial and Industrial 16,743 8.0 23,363 8.5 Consumer 625 0.3 1,369 0.5 Total Loans Acquired at Fair Value $ 208,325 100.0 % $ 276,315 100.0 % Total Loans Real Estate: Residential $ 273,440 35.8 % $ 323,280 39.4 % Commercial 202,082 27.2 182,858 25.7 Construction 18,783 3.1 22,197 2.5 Commercial and Industrial 69,468 11.5 76,601 13.0 Consumer 98,669 21.4 77,611 18.6 Other 4,671 1.0 3,099 0.8 Total Loans 667,113 100.0 % 685,646 100.0 % Allowance for Loan Losses (5,888 ) (5,195 ) Loans, Net $ 661,225 $ 680,451 Total unamortized net deferred loan fees were $667,000 and $322,000 at September 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 $70.0 million and $62.3 million at September 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. At September 30, 2015 and December 31, 2014, there were no loans in the criticized category of Loss within the internal risk rating system. (Dollars in thousands) September 30, 2015 Pass Special Substandard Doubtful Total Originated Loans Real Estate: Residential $ 163,766 $ 227 $ 364 $ 5 $ 164,362 Commercial 112,999 4,529 6,176 1,082 124,786 Construction 13,194 744 - 262 14,200 Commercial and Industrial 48,936 2,177 1,612 - 52,725 Consumer 98,004 - 40 - 98,044 Other 4,671 - - - 4,671 Total Originated Loans $ 441,570 $ 7,677 $ 8,192 $ 1,349 $ 458,788 Loans Acquired at Fair Value Real Estate: Residential $ 106,060 $ - $ 3,018 $ - $ 109,078 Commercial 70,424 4,342 2,530 - 77,296 Construction 4,583 - - - 4,583 Commercial and Industrial 15,501 1,200 42 - 16,743 Consumer 625 - - - 625 Total Loans Acquired at Fair Value $ 197,193 $ 5,542 $ 5,590 $ - $ 208,325 Total Loans Real Estate: Residential $ 269,826 $ 227 $ 3,382 $ 5 $ 273,440 Commercial 183,423 8,871 8,706 1,082 202,082 Construction 17,777 744 - 262 18,783 Commercial and Industrial 64,437 3,377 1,654 - 69,468 Consumer 98,629 - 40 - 98,669 Other 4,671 - - - 4,671 Total Loans $ 638,763 $ 13,219 $ 13,782 $ 1,349 $ 667,113 December 31, 2014 Pass Special 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. September 30, 2015 Loans 30-59 60-89 90 Days Total Non- Total Originated Loans Real Estate: Residential $ 163,613 $ 107 $ 274 $ - $ 381 $ 368 $ 164,362 Commercial 121,889 343 - - 343 2,554 124,786 Construction 13,938 - - - - 262 14,200 Commercial and Industrial 52,691 34 - - 34 - 52,725 Consumer 97,570 364 70 - 434 40 98,044 Other 4,671 - - - - - 4,671 Total Originated Loans $ 454,372 $ 848 $ 344 $ - $ 1,192 $ 3,224 $ 458,788 Loans Acquired at Fair Value Real Estate: Residential $ 106,515 $ 14 $ 408 $ 54 $ 476 $ 2,087 $ 109,078 Commercial 75,995 210 671 - 881 420 77,296 Construction 4,583 - - - - - 4,583 Commercial and Industrial 16,685 - 15 43 58 - 16,743 Consumer 565 - 5 55 60 - 625 Total Loans Acquired at Fair Value $ 204,343 $ 224 $ 1,099 $ 152 $ 1,475 $ 2,507 $ 208,325 Total Loans Real Estate: Residential $ 270,128 $ 121 $ 682 $ 54 $ 857 $ 2,455 $ 273,440 Commercial 197,884 553 671 - 1,224 2,974 202,082 Construction 18,521 - - - - 262 18,783 Commercial and Industrial 69,376 34 15 43 92 - 69,468 Consumer 98,135 364 75 55 494 40 98,669 Other 4,671 - - - - - 4,671 Total Loans $ 658,715 $ 1,072 $ 1,443 $ 152 $ 2,667 $ 5,731 $ 667,113 December 31, 2014 Loans 30-59 60-89 90 Days Total Non- Total 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) September 30, December 31, Nonaccrual Loans: Real Estate: Residential $ 2,455 $ 1,543 Commercial 2,974 1,065 Construction 262 344 Commercial and Industrial - 4 Consumer 40 - Total Nonaccrual Loans 5,731 2,956 Accruing Loans Past Due 90 Days or More: Real Estate: Residential 54 369 Commercial and Industrial 43 - Consumer 55 10 Total Accruing Loans 90 Days or More Past Due 152 379 Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due 5,883 3,335 Troubled Debt Restructurings, Accruing: Originated Loans: Real Estate - Commercial 1,116 246 Commercial and Industrial 7 310 Total Originated Loans 1,123 556 Loans Acquired at Fair Value: Real Estate - Residential 1,306 1,337 Real Estate - Commercial 1,521 1,800 Total Loans Acquired at Fair Value 2,827 3,137 Total Troubled Debt Restructurings, Accruing 3,950 3,693 Total Nonperforming Loans 9,833 7,028 Real Estate Owned: Residential 151 104 Other 174 174 Total Real Estate Owned 325 278 Total Nonperforming Assets $ 10,158 $ 7,306 Nonperforming Loans to Total Loans 1.47 % 1.03 % Nonperforming Assets to Total Assets 1.23 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 $2.8 million and $2.7 million at September 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 $4.2 million and 13 loans totaling $4.0 million at September 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 September 30, 2015 and December 31, 2014. Loans acquired at fair value as TDRs consisted of 8 loans totaling $2.8 million and 9 loans totaling $3.1 million at September 30, 2015 and December 31, 2014, respectively. During the nine months ended September 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. In addition, two commercial loans previously identified as originated TDRs were refinanced in new TDR transactions. During the three and nine months ended September 30, 2015, one commercial TDR acquired at fair value paid off. No TDRs have subsequently defaulted during the three or nine months ended September 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. Nine Months Ended September 30, 2015 Number Pre- Post- Related Originated Loans Real Estate Commercial 2 $ 912 $ 1,135 $ 108 Total 2 $ 912 $ 1,135 $ 108 Three and Nine Months Ended September 30, 2014 Number Pre- Post- Related Originated Loans Real Estate Commercial 1 $ 9 $ 9 $ - Total 1 $ 9 $ 9 $ - The following table presents a summary of the loans considered to be impaired as of the dates indicated. (Dollars in thousands) September 30, 2015 Recorded Related Unpaid Average Interest With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 6 $ - $ 18 $ 16 $ 1 Commercial 6,246 - 6,246 6,374 173 Construction 262 - 262 311 - Commercial and Industrial 1,406 - 1,406 1,409 43 Total With No Related Allowance Recorded $ 7,920 $ - $ 7,932 $ 8,110 $ 217 Loans Acquired at Fair Value Real Estate: Residential $ 1,306 $ - $ 1,306 $ 1,320 $ 50 Commercial 3,107 - 3,166 3,345 120 Commercial and Industrial 42 - 42 47 1 Total With No Related Allowance Recorded $ 4,455 $ - $ 4,514 $ 4,712 $ 171 Total Loans Real Estate: Residential $ 1,312 $ - $ 1,324 $ 1,336 $ 51 Commercial 9,353 - 9,412 9,719 293 Construction 262 - 262 311 - Commercial and Industrial 1,448 - 1,448 1,456 44 Total With No Related Allowance Recorded $ 12,375 $ - $ 12,446 $ 12,822 $ 388 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 1,432 $ 405 $ 1,451 $ 1,456 $ 23 Commercial and Industrial 213 135 213 239 10 Total With A Related Allowance Recorded $ 1,645 $ 540 $ 1,664 $ 1,695 $ 33 Total Impaired Loans: Originated Loans Real Estate: Residential $ 6 $ - $ 18 $ 16 $ 1 Commercial 7,678 405 7,697 7,830 196 Construction 262 - 262 311 - Commercial and Industrial 1,619 135 1,619 1,648 53 Total Impaired Loans $ 9,565 $ 540 $ 9,596 $ 9,805 $ 250 Loans Acquired at Fair Value Real Estate: Residential $ 1,306 $ - $ 1,306 $ 1,320 $ 50 Commercial 3,107 - 3,166 3,345 120 Commercial and Industrial 42 - 42 47 1 Total Impaired Loans $ 4,455 $ - $ 4,514 $ 4,712 $ 171 Total Loans Real Estate: Residential $ 1,312 $ - $ 1,324 $ 1,336 $ 51 Commercial 10,785 405 10,863 11,175 316 Construction 262 - 262 311 - Commercial and Industrial 1,661 135 1,661 1,695 54 Total Impaired Loans $ 14,020 $ 540 $ 14,110 $ 14,517 $ 421 December 31, 2014 Recorded Related Unpaid Average Interest 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 Real Real Commercial Consumer Unallocated Total June 30, 2015 $ 1,667 $ 1,746 $ 87 $ 917 $ 1,338 $ (69 ) $ 5,686 Charge-offs (28 ) - - - (114 ) - (142 ) Recoveries 4 1 - - 39 - 44 Provision (87 ) 135 28 (94 ) 241 77 300 September 30, 2015 $ 1,556 $ 1,882 $ 115 $ 823 $ 1,504 $ 8 $ 5,888 December 31, 2014 $ 2,690 $ 582 $ 122 $ 684 $ 1,015 $ 102 $ 5,195 Charge-offs (139 ) (18 ) - - (230 ) - (387 ) Recoveries 9 4 - 10 82 - 105 Provision (1,004 ) 1,314 (7 ) 129 637 (94 ) 975 September 30, 2015 $ 1,556 $ 1,882 $ 115 $ 823 $ 1,504 $ 8 $ 5,888 Originated Loans Individually Evaluated for Impairment $ - $ 405 $ - $ 135 $ - $ - $ 540 Collectively Evaluated for Potential Impairment $ 1,556 $ 1,477 $ 115 $ 688 $ 1,504 $ 8 $ 5,348 Real Real Real Commercial Consumer Unallocated Total June 30, 2014 $ 1,478 $ 1,712 $ 293 $ 1,027 $ 571 $ 259 $ 5,340 Charge-offs - - - - (36 ) - (36 ) Recoveries 1 - - 2 30 - 33 Provision 10 (2 ) (64 ) (55 ) 265 (154 ) - September 30, 2014 $ 1,489 $ 1,710 $ 229 $ 974 $ 830 $ 105 $ 5,337 December 31, 2013 $ 1,481 $ 1,703 $ 355 $ 1,013 $ 592 $ 238 $ 5,382 Charge-offs (10 ) - - - (103 ) - (113 ) Recoveries 2 - - 4 62 - 68 Provision 16 7 (126 ) (43 ) 279 (133 ) - September 30, 2014 $ 1,489 $ 1,710 $ 229 $ 974 $ 830 $ 105 $ 5,337 Originated Loans Individually Evaluated for Impairment $ - $ 460 $ 192 $ 244 $ - $ - $ 896 Collectively Evaluated for Potential Impairment $ 1,489 $ 1,250 $ 37 $ 730 $ 830 $ 105 $ 4,441 December 31, 2014 Real Real Real Commercial 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 (839 ) Nonaccretable premium 78 Balance at September 30, 2015 $ 3,598 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) September 30, 2015 Real Real Real Commercial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 6 $ 7,678 $ 262 $ 1,619 $ - $ - $ 9,565 Collectively Evaluated for Potential Impairment 164,356 117,108 13,938 51,106 98,044 4,671 449,223 $ 164,362 $ 124,786 $ 14,200 $ 52,725 $ 98,044 $ 4,671 $ 458,788 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 1,306 $ 3,107 $ - $ 42 $ - $ - $ 4,455 Collectively Evaluated for Potential Impairment 107,772 74,189 4,583 16,701 625 - 203,870 $ 109,078 $ 77,296 $ 4,583 $ 16,743 $ 625 $ - $ 208,325 Total Loans Individually Evaluated for Impairment $ 1,312 $ 10,785 $ 262 $ 1,661 $ - $ - $ 14,020 Collectively Evaluated for Potential Impairment 272,128 191,297 18,521 67,807 98,669 4,671 653,093 $ 273,440 $ 202,082 $ 18,783 $ 69,468 $ 98,669 $ 4,671 $ 667,113 December 31, 2014 Real Real Real Commercial 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 |