Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2016 | May. 11, 2016 | |
Entity Registrant Name | CB Financial Services, Inc. | |
Entity Central Index Key | 1,605,301 | |
Trading Symbol | cbfv | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Entity Common Stock, Shares Outstanding (in shares) | 4,081,017 | |
Document Type | 10-Q | |
Document Period End Date | Mar. 31, 2016 | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Statement of Finan
Consolidated Statement of Financial Condition (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
ASSETS | ||
Interest Bearing | $ 4,886 | $ 2,316 |
Non-Interest Bearing | 7,695 | 9,024 |
Total Cash and Due From Banks | 12,581 | 11,340 |
Available-for-Sale | 93,663 | 95,863 |
Loans, Net | 677,033 | 676,864 |
Premises and Equipment, Net | 12,505 | 10,277 |
Bank-Owned Life Insurance | 18,329 | 18,209 |
Goodwill | 4,953 | 4,953 |
Core Deposit Intangible | 4,220 | 4,353 |
Accrued Interest and Other Assets | 9,773 | 8,818 |
TOTAL ASSETS | 833,057 | 830,677 |
LIABILITIES | ||
Demand Deposits | 165,050 | 161,053 |
NOW Accounts | 99,574 | 99,514 |
Money Market Accounts | 146,926 | 134,294 |
Savings Accounts | 125,343 | 121,415 |
Time Deposits | 135,669 | 145,651 |
Brokered Deposits | 17,388 | 17,372 |
Total Deposits | 689,950 | 679,299 |
Short-Term Borrowings | 22,583 | 32,448 |
Other Borrowed Funds | 28,000 | 28,000 |
Accrued Interest and Other Liabilities | 4,133 | 4,034 |
TOTAL LIABILITIES | $ 744,666 | $ 743,781 |
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 4,081,017 Shares Outstanding at March 31, 2016 and December 31, 2015, Respectively | $ 1,818 | $ 1,818 |
Capital Surplus | 41,701 | 41,614 |
Retained Earnings | 48,872 | 47,725 |
Treasury Stock, at Cost (282,329 Shares at March 31, 2016 and December 31, 2015, Respectively) | (4,836) | (4,836) |
Accumulated Other Comprehensive Income | 836 | 575 |
TOTAL STOCKHOLDERS' EQUITY | 88,391 | 86,896 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 833,057 | $ 830,677 |
Consolidated Statement of Fina3
Consolidated Statement of Financial Condition (Current Period Unaudited) (Parentheticals) - $ / shares | Mar. 31, 2016 | Dec. 31, 2015 |
Preferred stock, par value (in dollars per share) | $ 0 | $ 0 |
Preferred stock, shares authorized (in shares) | 5,000,000 | 5,000,000 |
Common stock, par value (in dollars per share) | $ 0.4167 | $ 0.4167 |
Common stock, shares authorized (in shares) | 35,000,000 | 35,000,000 |
Common stock, shares issued (in shares) | 4,363,346 | 4,363,346 |
Common stock, shares outstanding (in shares) | 4,081,017 | 4,081,017 |
Treasury stock, at cost (in shares) | 282,329 | 282,329 |
Consolidated Statement of Incom
Consolidated Statement of Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
INTEREST AND DIVIDEND INCOME | ||
Loans, Including Fees | $ 7,497 | $ 7,481 |
Federal Funds Sold | 4 | 1 |
Taxable | 324 | 242 |
Exempt From Federal Income Tax | 260 | 296 |
Other Interest and Dividend Income | 37 | 155 |
TOTAL INTEREST AND DIVIDEND INCOME | 8,122 | 8,175 |
INTEREST EXPENSE | ||
Deposits | 561 | 598 |
Federal Funds Purchased | 1 | 1 |
Short-Term Borrowings | 14 | 30 |
Other Borrowed Funds | 127 | 90 |
TOTAL INTEREST EXPENSE | 703 | 719 |
NET INTEREST INCOME | 7,419 | 7,456 |
Provision For Loan Losses | 850 | 300 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 6,569 | 7,156 |
NONINTEREST INCOME | ||
Service Fees on Deposit Accounts | 586 | 577 |
Insurance Commissions | 872 | 931 |
Other Commissions | 117 | 121 |
Net Gains on Sales of Loans | 125 | 71 |
Income from Bank-Owned Life Insurance | 120 | 118 |
Other | 28 | 8 |
TOTAL NONINTEREST INCOME | 1,848 | 1,826 |
Salaries and Employee Benefits | 3,369 | 3,148 |
Occupancy | 474 | 471 |
Equipment | 422 | 405 |
FDIC Assessment | 126 | 138 |
PA Shares Tax | 202 | 183 |
Contracted Services | 133 | 137 |
Legal and Professional Fees | 141 | 131 |
Advertising | 165 | 225 |
Bankcard Processing Expense | 112 | 111 |
Other Real Estate Owned (Income) Expense | (545) | 20 |
Amortization of Core Deposit Intangible | 134 | 134 |
Other | 781 | 644 |
TOTAL NONINTEREST EXPENSE | 5,514 | 5,747 |
Income Before Income Taxes | 2,903 | 3,235 |
Income Taxes | 858 | 940 |
NET INCOME | $ 2,045 | $ 2,295 |
EARNINGS PER SHARE | ||
Basic (in dollars per share) | $ 0.50 | $ 0.56 |
Diluted (in dollars per share) | $ 0.50 | $ 0.56 |
WEIGHTED AVERAGE SHARES OUTSTANDING | ||
Basic (in shares) | 4,081,017 | 4,071,462 |
Diluted (in shares) | 4,081,869 | 4,071,462 |
Consolidated Statement of Compr
Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Net Income | $ 2,045 | $ 2,295 |
Other Comprehensive Income | ||
Unrealized Gains on Available-for-Sale Securities Net of Income Tax of $135 and $170 for the Three Months Ended March 31, 2016 and 2015, Respectively | 261 | 331 |
Other Comprehensive Income, Net of Income Tax | 261 | 331 |
Total Comprehensive Income | $ 2,306 | $ 2,626 |
Consolidated Statement of Comp6
Consolidated Statement of Comprehensive Income (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Unrealized Gains on Available-for-Sale Securities, Tax | $ 135 | $ 170 |
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 |
Beginning balance (in shares) at Dec. 31, 2014 | 4,363,346 | |||||
Beginning balance at Dec. 31, 2014 | $ 1,818 | $ 41,762 | $ 42,766 | $ (4,999) | $ 565 | $ 81,912 |
Net income | 2,295 | 2,295 | ||||
Other comprehensive income | 331 | 331 | ||||
Dividends paid | (855) | (855) | ||||
Ending balance (in shares) at Mar. 31, 2015 | 4,363,346 | |||||
Ending balance at Mar. 31, 2015 | $ 1,818 | 41,762 | 44,206 | (4,999) | 896 | 83,683 |
Beginning balance (in shares) at Dec. 31, 2015 | 4,363,346 | |||||
Beginning balance at Dec. 31, 2015 | $ 1,818 | 41,614 | 47,725 | (4,836) | 575 | 86,896 |
Net income | 2,045 | 2,045 | ||||
Other comprehensive income | 261 | 261 | ||||
Dividends paid | (898) | (898) | ||||
Ending balance (in shares) at Mar. 31, 2016 | 4,363,346 | |||||
Ending balance at Mar. 31, 2016 | $ 1,818 | 41,701 | $ 48,872 | $ (4,836) | $ 836 | 88,391 |
Stock-based compensation expense | $ 87 | $ 87 |
Consolidated Statement of Chan8
Consolidated Statement of Changes In Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Retained Earnings [Member] | ||
Dividends paid (in dollars per share) | $ 0.22 | $ 0.21 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
OPERATING ACTIVITIES | ||
Net income | $ 2,045 | $ 2,295 |
Adjustments to Reconcile Net Income to Net Cash Provided By Operating Activities: | ||
Net Amortization on Investments | 56 | 184 |
Depreciation and Amortization | 764 | 622 |
Provision for Loan Losses | 850 | 300 |
Income from Bank-Owned Life Insurance | (120) | (118) |
Proceeds From Mortgage Loans Sold | 5,513 | 2,738 |
Originations of Mortgage Loans for Sale | (5,388) | (2,667) |
Gains on Sales of Loans | (125) | (71) |
Gains on Sales of Other Real Estate Owned and Repossessed Assets | (19) | $ (7) |
Noncash Expense for Stock-Based Compensation | 87 | |
Decrease in Accrued Interest Receivable | 185 | $ 173 |
Valuation Adjustment on Foreclosed Real Estate | (566) | |
Decrease in Taxes Payable | 947 | $ (553) |
Increase in Accrued Interest Payable | 4 | $ 46 |
Net Payment of Federal/State Income Taxes | (20) | |
Other, Net | (1,411) | $ 108 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 2,802 | 3,050 |
Proceeds From Principal Repayments and Maturities | 17,191 | 10,803 |
Purchases of Securities | (14,651) | (6,252) |
Net Increase in Loans | (4,648) | (6,092) |
Purchase of Premises and Equipment | (106) | (173) |
Proceeds From Sales of Other Real Estate Owned and Repossessed Assets | 175 | 15 |
Decrease in Restricted Equity Securities | 590 | 438 |
NET CASH USED IN INVESTING ACTIVITIES | (1,449) | (1,261) |
Net Increase in Deposits | 10,651 | 11,944 |
Net Decrease in Short-Term Borrowings | $ (9,865) | (22,671) |
Principal Payments on Other Borrowed Funds | (1,056) | |
Proceeds from Other Borrowed Funds | 15,000 | |
Cash Dividends Paid | $ (898) | (855) |
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES | (112) | 2,362 |
INCREASE IN CASH AND CASH EQUIVALENTS | 1,241 | 4,151 |
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR | 11,340 | 11,751 |
CASH AND DUE FROM BANKS AT END OF PERIOD | 12,581 | 15,902 |
Cash paid for: | ||
Interest on deposits and borrowings (including interest credited to deposit accounts of $556 and $601 respectively) | 699 | 674 |
Income taxes | $ 20 | 31 |
Transfer of loans to loans held for sale | 26,149 | |
Real estate acquired in settlement of loans | $ 3,236 | $ 307 |
Transfer of real estate acquired in settlement of loans to premise and equipment | $ 2,350 |
Consolidated Statement of Cas10
Consolidated Statement of Cash Flows (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Interest credited to deposit accounts | $ 556 | $ 601 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2016 | |
Notes to Financial Statements | |
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, 2015. Interim results are not necessarily indicative of results for a full year. The Company evaluated the provisions of Accounting Standards Codification (“ASC”) Topic 280 and determined that segment reporting information related to Exchange Underwriters was not required to be presented because the segment comprises less than 10% of total interest and noninterest income and less than 10% of the combined assets of the Company. 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 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 March 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10) In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers Recent Accounting Standards (continued) 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 | 3 Months Ended |
Mar. 31, 2016 | |
Notes to Financial Statements | |
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 2016 2015 Weighted-Average Common Shares Outstanding 4,363,346 4,363,346 Average Treasury Stock Shares (282,329 ) (291,884 ) Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share 4,081,017 4,071,462 Additional Common Stock Equivalents (Restricted Stock) Used to Calculate Diluted Earnings Per Share 852 - Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share 4,081,869 4,071,462 Earnings per share: Basic $ 0.50 $ 0.56 Diluted 0.50 0.56 |
Note 3 - Investment Securities
Note 3 - Investment Securities | 3 Months Ended |
Mar. 31, 2016 | |
Notes to Financial Statements | |
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) March 31, 2016 Amortized Gross Gross Fair U.S. Government Agencies $ 48,300 $ 299 $ - $ 48,599 Obligations of States and Political Subdivisions 39,816 842 (16 ) 40,642 Mortgage-Backed Securities - Government-Sponsored Enterprises 3,180 53 - 3,233 Equity Securities - Mutual Funds 500 21 - 521 Equity Securities - Other 600 70 (2 ) 668 Total $ 92,396 $ 1,285 $ (18 ) $ 93,663 December 31, 2015 Amortized Gross Gross Fair U.S. Government Agencies $ 51,151 $ 147 $ (110 ) $ 51,188 Obligations of States and Political Subdivisions 39,351 760 (37 ) 40,074 Mortgage-Backed Securities - Government-Sponsored Enterprises 3,390 13 - 3,403 Equity Securities - Mutual Funds 500 13 - 513 Equity Securities - Other 600 85 - 685 Total $ 94,992 $ 1,018 $ (147 ) $ 95,863 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) March 31, 2016 Less than 12 months 12 Months or Greater Total Number Fair Gross Number Fair Gross Number Fair Gross U.S. Government Agencies 1 $ 2,000 $ - - $ - $ - 1 $ 2,000 $ - Obligations of States and Political Subdivisions 6 2,358 (11 ) 3 1,268 (5 ) 9 3,626 (16 ) Equity Securities - Other 3 148 (2 ) - - - 3 148 (2 ) Total 10 $ 4,506 $ (13 ) 3 $ 1,268 $ (5 ) 13 $ 5,774 $ (18 ) December 31, 2015 Less than 12 months 12 Months or Greater Total Number Fair Gross Number Fair Gross Number Fair Gross U.S. Government Agencies 6 $ 14,928 $ (110 ) - $ - $ - 6 $ 14,928 $ (110 ) Obligations of States and Political Subdivisions 11 5,333 (25 ) 8 4,549 (12 ) 19 9,882 (37 ) Total 17 $ 20,261 $ (135 ) 8 $ 4,549 $ (12 ) 25 $ 24,810 $ (147 ) For debt securities, the Company does not believe any individual unrealized loss as of March 31, 2016 and December 31, 2015 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 March 31, 2016 and December 31, 2015 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) March 31, 2016 Available-for-Sale Amortized Fair Due in One Year or Less $ - $ - Due after One Year through Five Years 25,912 26,132 Due after Five Years through Ten Years 59,878 60,601 Due after Ten Years 6,606 6,930 Total $ 92,396 $ 93,663 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 | 3 Months Ended |
Mar. 31, 2016 | |
Notes to Financial Statements | |
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) March 31, 2016 December 31, 2015 Amount Percent Amount Percent Originated Loans Real Estate: Residential $ 171,128 34.6 % $ 170,169 35.2 % Commercial 128,401 26.0 127,614 26.4 Construction 16,414 3.3 17,343 3.6 Commercial and Industrial 64,805 13.1 60,487 12.5 Consumer 107,569 21.7 103,605 21.4 Other 6,299 1.3 4,592 0.9 Total Originated Loans 494,616 100.0 % 483,810 100.0 % Allowance for Loan Losses (6,937 ) (6,490 ) Loans, Net $ 487,679 $ 477,320 Loans Acquired at Fair Value Real Estate: Residential $ 99,969 52.8 % $ 103,058 51.7 % Commercial 73,489 38.8 75,406 37.8 Construction 1,769 0.9 3,870 1.9 Commercial and Industrial 13,955 7.4 16,660 8.3 Consumer 208 0.1 550 0.3 Total Loans Acquired at Fair Value 189,390 100.0 % 199,544 100.0 % Allowance for Loan Losses (36 ) - Loans, Net $ 189,354 $ 199,544 Total Loans Real Estate: Residential $ 271,097 39.6 % $ 273,227 40.0 % Commercial 201,890 29.5 203,020 29.7 Construction 18,183 2.7 21,213 3.1 Commercial and Industrial 78,760 11.5 77,147 11.3 Consumer 107,777 15.8 104,155 15.2 Other 6,299 0.9 4,592 0.7 Total Loans 684,006 100.0 % 683,354 100.0 % Allowance for Loan Losses (6,973 ) (6,490 ) Loans, Net $ 677,033 $ 676,864 Total unamortized net deferred loan fees were $700,000 and $705,000 at March 31, 2016 and December 31, 2015, respectively. Real estate loans serviced for others, which are not included in the Consolidated Statement of Financial Condition, totaled $77.1 million and $73.1 million at March 31, 2016 and December 31, 2015, 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 March 31, 2016 and December 31, 2015, there were no loans in the criticized category of Loss within the internal risk rating system. (Dollars in thousands) March 31, 2016 Pass Special Substandard Doubtful Total Originated Loans Real Estate: Residential $ 170,304 $ 460 $ 364 $ - $ 171,128 Commercial 113,254 10,145 3,915 1,087 128,401 Construction 15,519 714 - 181 16,414 Commercial and Industrial 60,131 2,513 2,161 - 64,805 Consumer 107,453 - 116 - 107,569 Other 6,299 - - - 6,299 Total Originated Loans $ 472,960 $ 13,832 $ 6,556 $ 1,268 $ 494,616 Loans Acquired at Fair Value Real Estate: Residential $ 97,533 $ - $ 2,436 $ - $ 99,969 Commercial 67,998 2,230 3,261 - 73,489 Construction 1,769 - - - 1,769 Commercial and Industrial 12,700 662 593 - 13,955 Consumer 208 - - - 208 Total Loans Acquired at Fair Value $ 180,208 $ 2,892 $ 6,290 $ - $ 189,390 Total Loans Real Estate: Residential $ 267,837 $ 460 $ 2,800 $ - $ 271,097 Commercial 181,252 12,375 7,176 1,087 201,890 Construction 17,288 714 - 181 18,183 Commercial and Industrial 72,831 3,175 2,754 - 78,760 Consumer 107,661 - 116 - 107,777 Other 6,299 - - - 6,299 Total Loans $ 653,168 $ 16,724 $ 12,846 $ 1,268 $ 684,006 December 31, 2015 Pass Special Substandard Doubtful Total Originated Loans Real Estate: Residential $ 169,233 $ 249 $ 682 $ 5 $ 170,169 Commercial 113,087 6,870 6,565 1,092 127,614 Construction 16,384 729 - 230 17,343 Commercial and Industrial 57,586 2,145 756 - 60,487 Consumer 103,591 - 14 - 103,605 Other 4,592 - - - 4,592 Total Originated Loans $ 464,473 $ 9,993 $ 8,017 $ 1,327 $ 483,810 Loans Acquired at Fair Value Real Estate: Residential $ 100,633 $ - $ 2,425 $ - $ 103,058 Commercial 69,539 2,252 3,615 - 75,406 Construction 3,870 - - - 3,870 Commercial and Industrial 15,601 996 63 - 16,660 Consumer 550 - - - 550 Total Loans Acquired at Fair Value $ 190,193 $ 3,248 $ 6,103 $ - $ 199,544 Total Loans Real Estate: Residential $ 269,866 $ 249 $ 3,107 $ 5 $ 273,227 Commercial 182,626 9,122 10,180 1,092 203,020 Construction 20,254 729 - 230 21,213 Commercial and Industrial 73,187 3,141 819 - 77,147 Consumer 104,141 - 14 - 104,155 Other 4,592 - - - 4,592 Total Loans $ 654,666 $ 13,241 $ 14,120 $ 1,327 $ 683,354 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) March 31, 2016 Loans 30-59 60-89 90 Days Total Non- Total Originated Loans Real Estate: Residential $ 170,582 $ 163 $ - $ 15 $ 178 $ 368 $ 171,128 Commercial 127,981 110 - - 110 310 128,401 Construction 16,233 - - - - 181 16,414 Commercial and Industrial 64,682 123 - - 123 - 64,805 Consumer 106,714 645 92 2 739 116 107,569 Other 6,299 - - - - - 6,299 Total Originated Loans $ 492,491 $ 1,041 $ 92 $ 17 $ 1,150 $ 975 $ 494,616 Loans Acquired at Fair Value Real Estate: Residential $ 97,454 $ 868 $ - $ 50 $ 918 $ 1,597 $ 99,969 Commercial 72,818 293 - - 293 378 73,489 Construction 1,769 - - - - - 1,769 Commercial and Industrial 13,763 192 - - 192 - 13,955 Consumer 208 - - - - - 208 Total Loans Acquired at Fair Value $ 186,012 $ 1,353 $ - $ 50 $ 1,403 $ 1,975 $ 189,390 Total Loans Real Estate: Residential $ 268,036 $ 1,031 $ - $ 65 $ 1,096 $ 1,965 $ 271,097 Commercial 200,799 403 - - 403 688 201,890 Construction 18,002 - - - - 181 18,183 Commercial and Industrial 78,445 315 - - 315 - 78,760 Consumer 106,922 645 92 2 739 116 107,777 Other 6,299 - - - - - 6,299 Total Loans $ 678,503 $ 2,394 $ 92 $ 67 $ 2,553 $ 2,950 $ 684,006 December 31, 2015 Loans 30-59 60-89 90 Days Total Non- Total Originated Loans Real Estate: Residential $ 168,786 $ 563 $ 133 $ - $ 696 $ 687 $ 170,169 Commercial 124,037 114 - - 114 3,463 127,614 Construction 17,113 - - - - 230 17,343 Commercial and Industrial 60,442 45 - - 45 - 60,487 Consumer 102,629 923 39 - 962 14 103,605 Other 4,592 - - - - - 4,592 Total Originated Loans $ 477,599 $ 1,645 $ 172 $ - $ 1,817 $ 4,394 $ 483,810 Loans Acquired at Fair Value Real Estate: Residential $ 99,794 $ 1,308 $ 263 $ 193 $ 1,764 $ 1,500 $ 103,058 Commercial 73,988 1,019 - - 1,019 399 75,406 Construction 3,870 - - - - - 3,870 Commercial and Industrial 16,450 38 130 - 168 42 16,660 Consumer 542 8 - - 8 - 550 Total Loans Acquired at Fair Value $ 194,644 $ 2,373 $ 393 $ 193 $ 2,959 $ 1,941 $ 199,544 Total Loans Real Estate: Residential $ 268,580 $ 1,871 $ 396 $ 193 $ 2,460 $ 2,187 $ 273,227 Commercial 198,025 1,133 - - 1,133 3,862 203,020 Construction 20,983 - - - - 230 21,213 Commercial and Industrial 76,892 83 130 - 213 42 77,147 Consumer 103,171 931 39 - 970 14 104,155 Other 4,592 - - - - - 4,592 Total Loans $ 672,243 $ 4,018 $ 565 $ 193 $ 4,776 $ 6,335 $ 683,354 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) March 31, December 31, Nonaccrual Loans: Real Estate: Residential $ 1,965 $ 2,187 Commercial 688 3,862 Construction 181 230 Commercial and Industrial - 42 Consumer 116 14 Total Nonaccrual Loans 2,950 6,335 Accruing Loans Past Due 90 Days or More: Real Estate: Residential 65 193 Consumer 2 - Total Accruing Loans 90 Days or More Past Due 67 193 Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due 3,017 6,528 Troubled Debt Restructurings, Accruing: Originated Loans: Real Estate - Commercial 1,365 1,375 Commercial and Industrial 7 7 Other 7 - Total Originated Loans 1,379 1,382 Loans Acquired at Fair Value: Real Estate - Residential 1,330 1,296 Real Estate - Commercial 891 1,488 Commercial and Industrial 539 - Total Loans Acquired at Fair Value 2,760 2,784 Total Troubled Debt Restructurings, Accruing 4,139 4,166 Total Nonperforming Loans 7,156 10,694 Real Estate Owned: Residential 80 138 Commercial 1,581 174 Total Real Estate Owned 1,661 312 Total Nonperforming Assets $ 8,817 $ 11,006 Nonperforming Loans to Total Loans 1.05 % 1.56 % Nonperforming Assets to Total Assets 1.06 1.32 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 $2.9 million and $3.8 million at March 31, 2016 and December 31, 2015, 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 15 loans totaling $4.2 million and 13 loans totaling $4.2 million at March 31, 2016 and December 31, 2015, respectively. Originated loans classified as TDRs consisted of 5 loans totaling $1.4 million and 4 loans totaling $1.4 million at March 31, 2016 and December 31, 2015, respectively. Loans acquired at fair value as TDRs consisted of 10 loans totaling $2.8 million and 9 loans totaling $2.8 million at March 31, 2016 and December 31, 2015, respectively. During the three months ended March 31, 2016, one commercial loan previously identified as an acquired at fair value TDR paid off. During the three months ended March 31, 2015, one commercial TDR acquired at fair value paid off and one commercial loan previously identified as an originated TDR was refinanced in a new TDR transaction. No TDRs have subsequently defaulted during the three months ended March 31, 2016 and 2015, respectively. The following table presents information at the time of modification related to loans modified as TDRs during the periods indicated. (Dollars in thousands) Three Months Ended March 31, 2016 Number Pre- Post- Related Originated Loans Other 1 $ 7 $ 7 $ - Total 1 $ 7 $ 7 $ - Loans Acquired at Fair Value Real Estate Residential 1 $ 37 $ 45 $ - Commercial 1 539 539 - Total 2 $ 576 $ 584 $ - Three Months Ended March 31, 2015 Number Pre- Post- Related Originated Loans Real Estate Commercial 1 $ 430 $ 430 $ - Total 1 $ 430 $ 430 $ - The following table presents a summary of the loans considered to be impaired as of the dates indicated. (Dollars in thousands) March 31, 2016 Recorded Related Unpaid Average Interest With No Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 3,987 $ - $ 3,987 $ 4,023 $ 44 Construction 181 - 181 207 - Commercial and Industrial 720 - 720 684 8 Other 7 - 7 7 - Total With No Related Allowance Recorded $ 4,895 $ - $ 4,895 $ 4,921 $ 52 Loans Acquired at Fair Value Real Estate: Residential $ 1,331 $ - $ 1,331 $ 1,335 $ 18 Commercial 3,261 - 3,353 3,290 38 Commercial and Industrial 593 - 593 601 6 Total With No Related Allowance Recorded $ 5,185 $ - $ 5,277 $ 5,226 $ 62 Total Loans Real Estate: Residential $ 1,331 $ - $ 1,331 $ 1,335 $ 18 Commercial 7,248 - 7,340 7,313 82 Construction 181 - 181 207 - Commercial and Industrial 1,313 - 1,313 1,285 14 Other 7 - 7 7 - Total With No Related Allowance Recorded $ 10,080 $ - $ 10,172 $ 10,147 $ 114 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 1,425 $ 377 $ 1,430 $ 1,430 $ 16 Commercial and Industrial 1,448 322 1,448 1,447 13 Total With A Related Allowance Recorded $ 2,873 $ 699 $ 2,878 $ 2,877 $ 29 Loans Acquired at Fair Value Real Estate: Residential $ 247 $ 52 $ 254 $ 247 $ - Total With A Related Allowance Recorded $ 247 $ 52 $ 254 $ 247 $ - Total Loans Real Estate: Residential $ 247 $ 52 $ 254 $ 247 $ - Commercial 1,425 377 1,430 1,430 16 Commercial and Industrial 1,448 322 1,448 1,447 13 Total With A Related Allowance Recorded $ 3,120 $ 751 $ 3,132 $ 3,124 $ 29 March 31, 2016 (cont.) Total Impaired Loans: Originated Loans Real Estate: Commercial $ 5,412 $ 377 $ 5,417 $ 5,453 $ 60 Construction 181 - 181 207 - Commercial and Industrial 2,168 322 2,168 2,131 21 Other 7 - 7 7 - Total Impaired Loans $ 7,768 $ 699 $ 7,773 $ 7,798 $ 81 Loans Acquired at Fair Value Real Estate: Residential $ 1,578 $ 52 $ 1,585 $ 1,582 $ 18 Commercial 3,261 - 3,353 3,290 38 Commercial and Industrial 593 - 593 601 6 Total Impaired Loans $ 5,432 $ 52 $ 5,531 $ 5,473 $ 62 Total Loans Real Estate: Residential $ 1,578 $ 52 $ 1,585 $ 1,582 $ 18 Commercial 8,673 377 8,770 8,743 98 Construction 181 - 181 207 - Commercial and Industrial 2,761 322 2,761 2,732 27 Other 7 - 7 7 - Total Impaired Loans $ 13,200 $ 751 $ 13,304 $ 13,271 $ 143 December 31, 2015 Recorded Related Unpaid Average Interest With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 5 $ - $ 17 $ 6 $ - Commercial 6,636 - 6,636 7,095 232 Construction 229 - 230 292 - Commercial and Industrial 627 - 627 756 35 Total With No Related Allowance Recorded $ 7,497 $ - $ 7,510 $ 8,149 $ 267 Loans Acquired at Fair Value Real Estate: Residential $ 1,296 $ - $ 1,296 $ 1,315 $ 67 Commercial 4,188 - 4,263 4,449 214 Commercial and Industrial 63 - 63 79 3 Total With No Related Allowance Recorded $ 5,547 $ - $ 5,622 $ 5,843 $ 284 Total Loans Real Estate: Residential $ 1,301 $ - $ 1,313 $ 1,321 $ 67 Commercial 10,824 - 10,899 11,544 446 Construction 229 - 230 292 - Commercial and Industrial 690 - 690 835 38 Total With No Related Allowance Recorded $ 13,044 $ - $ 13,132 $ 13,992 $ 551 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 1,436 $ 408 $ 1,441 $ 1,457 $ 37 Commercial and Industrial 136 9 137 128 5 Total With A Related Allowance Recorded $ 1,572 $ 417 $ 1,578 $ 1,585 $ 42 Total Impaired Loans Originated Loans Real Estate: Residential $ 5 $ - $ 17 $ 6 $ - Commercial 8,072 408 8,077 8,552 269 Construction 229 - 230 292 - Commercial and Industrial 763 9 764 884 40 Total Impaired Loans $ 9,069 $ 417 $ 9,088 $ 9,734 $ 309 Loans Acquired at Fair Value Real Estate: Residential $ 1,296 $ - $ 1,296 $ 1,315 $ 67 Commercial 4,188 - 4,263 4,449 214 Commercial and Industrial 63 - 63 79 3 Total Impaired Loans $ 5,547 $ - $ 5,622 $ 5,843 $ 284 Total Loans Real Estate: Residential $ 1,301 $ - $ 1,313 $ 1,321 $ 67 Commercial 12,260 408 12,340 13,001 483 Construction 229 - 230 292 - Commercial and Industrial 826 9 827 963 43 Total Impaired Loans $ 14,616 $ 417 $ 14,710 $ 15,577 $ 593 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 Other Unallocated Total Originated Loans December 31, 2015 $ 1,623 $ 2,045 $ 137 $ 784 $ 1,887 $ - $ 14 $ 6,490 Charge-offs (20 ) - - - (185 ) (17 ) - (222 ) Recoveries 1 - - - 24 9 - 34 Provision (345 ) (9 ) (20 ) 319 450 10 230 635 March 31, 2016 $ 1,259 $ 2,036 $ 117 $ 1,103 $ 2,176 $ 2 $ 244 $ 6,937 Loans Acquired at Fair Value December 31, 2015 $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs - (180 ) - - (5 ) - - (185 ) Recoveries 2 1 - - 3 - - 6 Provision (2 ) 179 - - 2 - 36 215 March 31, 2016 $ - $ - $ - $ - $ - $ - $ 36 $ 36 Total Allowance for Loan Losses December 31, 2015 $ 1,623 $ 2,045 $ 137 $ 784 $ 1,887 $ - $ 14 $ 6,490 Charge-offs (20 ) (180 ) - - (190 ) (17 ) - (407 ) Recoveries 3 1 - - 27 9 - 40 Provision (347 ) 170 (20 ) 319 452 10 266 850 March 31, 2016 $ 1,259 $ 2,036 $ 117 $ 1,103 $ 2,176 $ 2 $ 280 $ 6,973 Originated Loans March 31, 2016 Individually Evaluated for Impairment $ - $ 377 $ - $ 322 $ - $ - $ - $ 699 Collectively Evaluated for Potential Impairment $ 1,259 $ 1,659 $ 117 $ 781 $ 2,176 $ 2 $ 244 $ 6,238 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 52 $ - $ - $ - $ - $ - $ - $ 52 Collectively Evaluated for Potential Impairment $ (52 ) $ - $ - $ - $ - $ - $ 36 $ (16 ) Total Allowance for Loan Losses Individually Evaluated for Impairment $ 52 $ 377 $ - $ 322 $ - $ - $ - $ 751 Collectively Evaluated for Potential Impairment $ 1,207 $ 1,659 $ 117 $ 781 $ 2,176 $ 2 $ 280 $ 6,222 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans December 31, 2014 $ 2,690 $ 582 $ 122 $ 684 $ 1,015 $ - $ 102 $ 5,195 Charge-offs - (6 ) - - (47 ) - - (53 ) Recoveries 3 2 - - 31 - - 36 Provision (180 ) 30 23 229 12 - 186 300 March 31, 2015 $ 2,513 $ 608 $ 145 $ 913 $ 1,011 $ - $ 288 $ 5,478 March 31, 2015 Originated Loans Individually Evaluated for Impairment $ - $ 456 $ 28 $ 481 $ - $ - $ - $ 965 Collectively Evaluated for Potential Impairment $ 2,513 $ 152 $ 117 $ 432 $ 1,011 $ - $ 288 $ 4,513 Originated Loans Real Real Real Commercial Consumer Other Unallocated Total December 31, 2015 Individually Evaluated for Impairment $ - $ 408 $ - $ 9 $ - $ - $ - $ 417 Collectively Evaluated for Potential Impairment $ 1,623 $ 1,637 $ 137 $ 775 $ 1,887 $ - $ 14 $ 6,073 The following table presents changes in the accretable discount on the loans acquired at fair value for the dates indicated. Accretable Balance at December 31, 2015 $ 3,302 Accretable yield (393 ) Nonaccretable premium 104 Balance at March 31, 2016 $ 3,013 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) March 31, 2016 Real Real Real Commercial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ - $ 5,412 $ 181 $ 2,168 $ - $ 7 $ 7,768 Collectively Evaluated for Potential Impairment 171,128 122,989 16,233 62,637 107,569 6,292 486,848 $ 171,128 $ 128,401 $ 16,414 $ 64,805 $ 107,569 $ 6,299 $ 494,616 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 1,578 $ 3,261 $ - $ 593 $ - $ - $ 5,432 Collectively Evaluated for Potential Impairment 98,391 70,228 1,769 13,362 208 - 183,958 $ 99,969 $ 73,489 $ 1,769 $ 13,955 $ 208 $ - $ 189,390 Total Loans Individually Evaluated for Impairment $ 1,578 $ 8,673 $ 181 $ 2,761 $ - $ - $ 13,193 Collectively Evaluated for Potential Impairment 269,519 193,217 18,002 75,999 107,777 6,299 670,813 $ 271,097 $ 201,890 $ 18,183 $ 78,760 $ 107,777 $ 6,299 $ 684,006 December 31, 2015 Real Real Real Commercial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 5 $ 8,072 $ 229 $ 763 $ - $ - $ 9,069 Collectively Evaluated for Potential Impairment 170,164 119,542 17,114 59,724 103,605 4,592 474,741 $ 170,169 $ 127,614 $ 17,343 $ 60,487 $ 103,605 $ 4,592 $ 483,810 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 1,296 $ 4,188 $ - $ 63 $ - $ - $ 5,547 Collectively Evaluated for Potential Impairment 101,762 71,218 3,870 16,597 550 - 193,997 $ 103,058 $ 75,406 $ 3,870 $ 16,660 $ 550 $ - $ 199,544 Total Loans Individually Evaluated for Impairment $ 1,301 $ 12,260 $ 229 $ 826 $ - $ - $ 14,616 Collectively Evaluated for Potential Impairment 271,926 190,760 20,984 76,321 104,155 4,592 668,738 $ 273,227 $ 203,020 $ 21,213 $ 77,147 $ 104,155 $ 4,592 $ 683,354 |
Note 5 - Deposits
Note 5 - Deposits | 3 Months Ended |
Mar. 31, 2016 | |
Notes to Financial Statements | |
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: March 31, One Year or Less $ 56,521 Over One Through Two Years 25,981 Over Two Through Three Years 15,659 Over Three Through Four Years 13,751 Over Four Through Five Years 14,534 Over Five Years 9,223 Total $ 135,669 The balance in time deposits that meet or exceed the FDIC insurance limit of $250,000 totaled $26.8 million and $33.1 million as of March 31, 2016 and December 31, 2015, respectively. |
Note 6 - Short-term Borrowings
Note 6 - Short-term Borrowings | 3 Months Ended |
Mar. 31, 2016 | |
Notes to Financial Statements | |
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) March 31, 2016 December 31, 2015 Amount Weighted Amount Weighted Short-term Borrowings Federal Funds Purchased: Average Balance Outstanding During the Period $ 326 1.23 % $ 485 0.41 % Maximum Amount Outstanding at any Month End - 5,900 FHLB Borrowings: Balance at Period End - - 9,360 0.51 Average Balance Outstanding During the Period 583 0.69 7,347 0.37 Maximum Amount Outstanding at any Month End - 30,950 Securities Sold Under Agreements to Repurchase: Balance at Period End 22,583 0.19 23,088 0.18 Average Balance Outstanding During the Period 23,420 0.22 23,303 0.24 Maximum Amount Outstanding at any Month End 24,564 27,908 Securities Collaterizing the Agreements at Period-End: Carrying Value 27,249 26,033 Market Value 27,401 26,063 |
Note 7 - Other Borrowed Funds
Note 7 - Other Borrowed Funds | 3 Months Ended |
Mar. 31, 2016 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 7. Other Borrowed Funds Other borrowed funds consist of fixed rate advances from the Federal Home Loan Bank of Pittsburgh (“FHLB”). The following table sets forth the scheduled maturities of other borrowed funds at the dates indicated. (Dollars in thousands) March 31, 2016 December 31, 2015 Amount Weighted Amount Weighted Due in One Year $ 3,500 0.94 % $ - - % Due After One Year to Two Years 3,500 1.35 3,500 0.94 Due After Two Years to Three Years 4,000 1.67 4,500 1.41 Due After Three Years to Four Years 6,000 1.88 6,000 1.78 Due After Four Years to Five Years 5,000 2.09 6,000 1.97 Due After Five Years 6,000 2.32 8,000 2.27 Total $ 28,000 1.80 $ 28,000 1.80 As of March 31, 2016, the Company maintained a credit arrangement with a maximum borrowing limit of approximately $297.0 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 March 31, 2016 and December 31, 2015. The Company maintains a Borrower-In-Custody of Collateral line of credit agreement with the Federal Reserve Bank for $82.8 million that requires quarterly certification of collateral, is subject to annual renewal, incurs no service charge and is secured by commercial and consumer indirect auto loans. The Company also maintains multiple line of credit arrangements with various banks totaling $40.0 million. As of March 31, 2016 and December 31, 2015, no draws had been taken on these facilities. |
Note 8 - Commitments and Contin
Note 8 - Commitments and Contingent Liabilities | 3 Months Ended |
Mar. 31, 2016 | |
Notes to Financial Statements | |
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. Commitments and conditional obligations are evaluated the same as on-balance-sheet instruments but do not have a corresponding reserve recorded. The Company’s opinion on not implementing a corresponding reserve for off-balance-sheet instruments is supported by historical factors of no losses recorded due to these items. The Company is continually evaluating these items for credit quality and any future need for the corresponding reserve. 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) March 31, December 31, Standby Letters of Credit $ 10,766 $ 18,316 Performance Letters of Credit 1,443 1,358 Construction Mortgages 16,043 21,144 Personal Lines of Credit 5,970 5,810 Overdraft Protection Lines 6,111 6,051 Home Equity Lines of Credit 14,594 14,491 Commercial Lines of Credit 50,628 45,584 $ 105,555 $ 112,754 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 | 3 Months Ended |
Mar. 31, 2016 | |
Notes to Financial Statements | |
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 March 31, December 31, Available for Sales Securities: U.S. Government Agencies Level II $ 48,599 $ 51,188 Obligations of States and Political Subdivisions Level II 40,642 40,074 Mortgage-Backed Securities - Government-Sponsored Enterprises Level II 3,233 3,403 Equity Securities - Mutual Funds Level I 521 513 Equity Securities - Other Level I 668 685 Total Available for Sale Securities $ 93,663 $ 95,863 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 or 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 Significant Financial Asset Valuation March 31, December 31, Valuation Significant Unobservable Impaired Loans Level III $ 2,369 $ 1,155 Market Comparable Properties Marketability Discount 10% to 30% (1) OREO Level III 3,236 111 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 March 31, 2016 and December 31, 2015, the fair value of impaired loans consists of the loan balance of $3.1 million and $1.6 million, respectively, less their specific valuation allowances of $751,000 and $417,000, respectively. Other real estate owned, (OREO), properties are evaluated at the time of acquisition and recorded at fair value less estimated selling costs. After acquisition, other real estate owned is recorded at the lower of cost or fair value less estimated selling costs to sell. The fair value of an other real estate owned property is determined from a qualified independent appraisal and is classified as Level III in the fair value hierarchy. At March 31, 2016, two commercial real estate properties for $3.2 million were foreclosed on, moved into OREO, evaluated for fair value and recorded a gain on the valuation adjustment on foreclosed real estate for approximately $566,000. This recognized gain on the valuation adjustment was supported by independent appraisals of the two properties. One property was entered into a tentative sales agreement with a current customer which further supported the valuation adjustment. The other property was transferred into premise and equipment of the Company due to the location and the Company’s need of a new location for company headquarter’s. At December 31, 2015, two residential real estate loans for $111,000 were moved into OREO and at March 31, 2016, one has since been sold at a loss of approximately $5,000. 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 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) March 31, 2016 December 31, 2015 Valuation Carrying Fair Carrying Fair Financial Assets: Cash and Due From Banks: Interest Bearing Level I $ 4,886 $ 4,886 $ 2,316 $ 2,316 Non-Interest Bearing Level I 7,695 7,695 9,024 9,024 Investment Securities: Available for Sale See Above 93,663 93,663 95,863 95,863 Loans, Net Level III 677,033 694,320 676,864 692,373 Restricted Stock Level II 3,235 3,235 3,824 3,824 Bank-Owned Life Insurance Level II 18,329 18,329 18,209 18,209 Accrued Interest Receivable Level II 2,234 2,234 2,419 2,419 Financial Liabilities: Deposits Level II 689,950 690,599 679,299 678,921 Short-term Borrowings Level II 22,583 22,583 32,448 32,448 Other Borrowed Funds Level III 28,000 28,483 28,000 27,830 Accrued Interest Payable Level II 309 309 305 305 |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Mar. 31, 2016 | |
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, 2015. Interim results are not necessarily indicative of results for a full year. The Company evaluated the provisions of Accounting Standards Codification (“ASC”) Topic 280 and determined that segment reporting information related to Exchange Underwriters was not required to be presented because the segment comprises less than 10% of total interest and noninterest income and less than 10% of the combined assets of the Company. 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 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 March 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10) In May 2014, the FASB issued 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) | 3 Months Ended |
Mar. 31, 2016 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended 2016 2015 Weighted-Average Common Shares Outstanding 4,363,346 4,363,346 Average Treasury Stock Shares (282,329 ) (291,884 ) Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Basic Earnings Per Share 4,081,017 4,071,462 Additional Common Stock Equivalents (Restricted Stock) Used to Calculate Diluted Earnings Per Share 852 - Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share 4,081,869 4,071,462 Earnings per share: Basic $ 0.50 $ 0.56 Diluted 0.50 0.56 |
Note 3 - Investment Securities
Note 3 - Investment Securities (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Notes Tables | |
Available-for-sale Securities [Table Text Block] | (Dollars in thousands) March 31, 2016 Amortized Gross Gross Fair U.S. Government Agencies $ 48,300 $ 299 $ - $ 48,599 Obligations of States and Political Subdivisions 39,816 842 (16 ) 40,642 Mortgage-Backed Securities - Government-Sponsored Enterprises 3,180 53 - 3,233 Equity Securities - Mutual Funds 500 21 - 521 Equity Securities - Other 600 70 (2 ) 668 Total $ 92,396 $ 1,285 $ (18 ) $ 93,663 December 31, 2015 Amortized Gross Gross Fair U.S. Government Agencies $ 51,151 $ 147 $ (110 ) $ 51,188 Obligations of States and Political Subdivisions 39,351 760 (37 ) 40,074 Mortgage-Backed Securities - Government-Sponsored Enterprises 3,390 13 - 3,403 Equity Securities - Mutual Funds 500 13 - 513 Equity Securities - Other 600 85 - 685 Total $ 94,992 $ 1,018 $ (147 ) $ 95,863 |
Schedule of Unrealized Loss on Investments [Table Text Block] | (Dollars in thousands) March 31, 2016 Less than 12 months 12 Months or Greater Total Number Fair Gross Number Fair Gross Number Fair Gross U.S. Government Agencies 1 $ 2,000 $ - - $ - $ - 1 $ 2,000 $ - Obligations of States and Political Subdivisions 6 2,358 (11 ) 3 1,268 (5 ) 9 3,626 (16 ) Equity Securities - Other 3 148 (2 ) - - - 3 148 (2 ) Total 10 $ 4,506 $ (13 ) 3 $ 1,268 $ (5 ) 13 $ 5,774 $ (18 ) December 31, 2015 Less than 12 months 12 Months or Greater Total Number Fair Gross Number Fair Gross Number Fair Gross U.S. Government Agencies 6 $ 14,928 $ (110 ) - $ - $ - 6 $ 14,928 $ (110 ) Obligations of States and Political Subdivisions 11 5,333 (25 ) 8 4,549 (12 ) 19 9,882 (37 ) Total 17 $ 20,261 $ (135 ) 8 $ 4,549 $ (12 ) 25 $ 24,810 $ (147 ) |
Investments Classified by Contractual Maturity Date [Table Text Block] | (Dollars in thousands) March 31, 2016 Available-for-Sale Amortized Fair Due in One Year or Less $ - $ - Due after One Year through Five Years 25,912 26,132 Due after Five Years through Ten Years 59,878 60,601 Due after Ten Years 6,606 6,930 Total $ 92,396 $ 93,663 |
Note 4 - Loans and Related Al23
Note 4 - Loans and Related Allowance for Loan Loss (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Notes Tables | |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | (Dollars in thousands) March 31, 2016 December 31, 2015 Amount Percent Amount Percent Originated Loans Real Estate: Residential $ 171,128 34.6 % $ 170,169 35.2 % Commercial 128,401 26.0 127,614 26.4 Construction 16,414 3.3 17,343 3.6 Commercial and Industrial 64,805 13.1 60,487 12.5 Consumer 107,569 21.7 103,605 21.4 Other 6,299 1.3 4,592 0.9 Total Originated Loans 494,616 100.0 % 483,810 100.0 % Allowance for Loan Losses (6,937 ) (6,490 ) Loans, Net $ 487,679 $ 477,320 Loans Acquired at Fair Value Real Estate: Residential $ 99,969 52.8 % $ 103,058 51.7 % Commercial 73,489 38.8 75,406 37.8 Construction 1,769 0.9 3,870 1.9 Commercial and Industrial 13,955 7.4 16,660 8.3 Consumer 208 0.1 550 0.3 Total Loans Acquired at Fair Value 189,390 100.0 % 199,544 100.0 % Allowance for Loan Losses (36 ) - Loans, Net $ 189,354 $ 199,544 Total Loans Real Estate: Residential $ 271,097 39.6 % $ 273,227 40.0 % Commercial 201,890 29.5 203,020 29.7 Construction 18,183 2.7 21,213 3.1 Commercial and Industrial 78,760 11.5 77,147 11.3 Consumer 107,777 15.8 104,155 15.2 Other 6,299 0.9 4,592 0.7 Total Loans 684,006 100.0 % 683,354 100.0 % Allowance for Loan Losses (6,973 ) (6,490 ) Loans, Net $ 677,033 $ 676,864 |
Financing Receivable Credit Quality Indicators [Table Text Block] | (Dollars in thousands) March 31, 2016 Pass Special Substandard Doubtful Total Originated Loans Real Estate: Residential $ 170,304 $ 460 $ 364 $ - $ 171,128 Commercial 113,254 10,145 3,915 1,087 128,401 Construction 15,519 714 - 181 16,414 Commercial and Industrial 60,131 2,513 2,161 - 64,805 Consumer 107,453 - 116 - 107,569 Other 6,299 - - - 6,299 Total Originated Loans $ 472,960 $ 13,832 $ 6,556 $ 1,268 $ 494,616 Loans Acquired at Fair Value Real Estate: Residential $ 97,533 $ - $ 2,436 $ - $ 99,969 Commercial 67,998 2,230 3,261 - 73,489 Construction 1,769 - - - 1,769 Commercial and Industrial 12,700 662 593 - 13,955 Consumer 208 - - - 208 Total Loans Acquired at Fair Value $ 180,208 $ 2,892 $ 6,290 $ - $ 189,390 Total Loans Real Estate: Residential $ 267,837 $ 460 $ 2,800 $ - $ 271,097 Commercial 181,252 12,375 7,176 1,087 201,890 Construction 17,288 714 - 181 18,183 Commercial and Industrial 72,831 3,175 2,754 - 78,760 Consumer 107,661 - 116 - 107,777 Other 6,299 - - - 6,299 Total Loans $ 653,168 $ 16,724 $ 12,846 $ 1,268 $ 684,006 December 31, 2015 Pass Special Substandard Doubtful Total Originated Loans Real Estate: Residential $ 169,233 $ 249 $ 682 $ 5 $ 170,169 Commercial 113,087 6,870 6,565 1,092 127,614 Construction 16,384 729 - 230 17,343 Commercial and Industrial 57,586 2,145 756 - 60,487 Consumer 103,591 - 14 - 103,605 Other 4,592 - - - 4,592 Total Originated Loans $ 464,473 $ 9,993 $ 8,017 $ 1,327 $ 483,810 Loans Acquired at Fair Value Real Estate: Residential $ 100,633 $ - $ 2,425 $ - $ 103,058 Commercial 69,539 2,252 3,615 - 75,406 Construction 3,870 - - - 3,870 Commercial and Industrial 15,601 996 63 - 16,660 Consumer 550 - - - 550 Total Loans Acquired at Fair Value $ 190,193 $ 3,248 $ 6,103 $ - $ 199,544 Total Loans Real Estate: Residential $ 269,866 $ 249 $ 3,107 $ 5 $ 273,227 Commercial 182,626 9,122 10,180 1,092 203,020 Construction 20,254 729 - 230 21,213 Commercial and Industrial 73,187 3,141 819 - 77,147 Consumer 104,141 - 14 - 104,155 Other 4,592 - - - 4,592 Total Loans $ 654,666 $ 13,241 $ 14,120 $ 1,327 $ 683,354 |
Past Due Financing Receivables [Table Text Block] | (Dollars in thousands) March 31, 2016 Loans 30-59 60-89 90 Days Total Non- Total Originated Loans Real Estate: Residential $ 170,582 $ 163 $ - $ 15 $ 178 $ 368 $ 171,128 Commercial 127,981 110 - - 110 310 128,401 Construction 16,233 - - - - 181 16,414 Commercial and Industrial 64,682 123 - - 123 - 64,805 Consumer 106,714 645 92 2 739 116 107,569 Other 6,299 - - - - - 6,299 Total Originated Loans $ 492,491 $ 1,041 $ 92 $ 17 $ 1,150 $ 975 $ 494,616 Loans Acquired at Fair Value Real Estate: Residential $ 97,454 $ 868 $ - $ 50 $ 918 $ 1,597 $ 99,969 Commercial 72,818 293 - - 293 378 73,489 Construction 1,769 - - - - - 1,769 Commercial and Industrial 13,763 192 - - 192 - 13,955 Consumer 208 - - - - - 208 Total Loans Acquired at Fair Value $ 186,012 $ 1,353 $ - $ 50 $ 1,403 $ 1,975 $ 189,390 Total Loans Real Estate: Residential $ 268,036 $ 1,031 $ - $ 65 $ 1,096 $ 1,965 $ 271,097 Commercial 200,799 403 - - 403 688 201,890 Construction 18,002 - - - - 181 18,183 Commercial and Industrial 78,445 315 - - 315 - 78,760 Consumer 106,922 645 92 2 739 116 107,777 Other 6,299 - - - - - 6,299 Total Loans $ 678,503 $ 2,394 $ 92 $ 67 $ 2,553 $ 2,950 $ 684,006 December 31, 2015 Loans 30-59 60-89 90 Days Total Non- Total Originated Loans Real Estate: Residential $ 168,786 $ 563 $ 133 $ - $ 696 $ 687 $ 170,169 Commercial 124,037 114 - - 114 3,463 127,614 Construction 17,113 - - - - 230 17,343 Commercial and Industrial 60,442 45 - - 45 - 60,487 Consumer 102,629 923 39 - 962 14 103,605 Other 4,592 - - - - - 4,592 Total Originated Loans $ 477,599 $ 1,645 $ 172 $ - $ 1,817 $ 4,394 $ 483,810 Loans Acquired at Fair Value Real Estate: Residential $ 99,794 $ 1,308 $ 263 $ 193 $ 1,764 $ 1,500 $ 103,058 Commercial 73,988 1,019 - - 1,019 399 75,406 Construction 3,870 - - - - - 3,870 Commercial and Industrial 16,450 38 130 - 168 42 16,660 Consumer 542 8 - - 8 - 550 Total Loans Acquired at Fair Value $ 194,644 $ 2,373 $ 393 $ 193 $ 2,959 $ 1,941 $ 199,544 Total Loans Real Estate: Residential $ 268,580 $ 1,871 $ 396 $ 193 $ 2,460 $ 2,187 $ 273,227 Commercial 198,025 1,133 - - 1,133 3,862 203,020 Construction 20,983 - - - - 230 21,213 Commercial and Industrial 76,892 83 130 - 213 42 77,147 Consumer 103,171 931 39 - 970 14 104,155 Other 4,592 - - - - - 4,592 Total Loans $ 672,243 $ 4,018 $ 565 $ 193 $ 4,776 $ 6,335 $ 683,354 |
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | (Dollars in Thousands) March 31, December 31, Nonaccrual Loans: Real Estate: Residential $ 1,965 $ 2,187 Commercial 688 3,862 Construction 181 230 Commercial and Industrial - 42 Consumer 116 14 Total Nonaccrual Loans 2,950 6,335 Accruing Loans Past Due 90 Days or More: Real Estate: Residential 65 193 Consumer 2 - Total Accruing Loans 90 Days or More Past Due 67 193 Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due 3,017 6,528 Troubled Debt Restructurings, Accruing: Originated Loans: Real Estate - Commercial 1,365 1,375 Commercial and Industrial 7 7 Other 7 - Total Originated Loans 1,379 1,382 Loans Acquired at Fair Value: Real Estate - Residential 1,330 1,296 Real Estate - Commercial 891 1,488 Commercial and Industrial 539 - Total Loans Acquired at Fair Value 2,760 2,784 Total Troubled Debt Restructurings, Accruing 4,139 4,166 Total Nonperforming Loans 7,156 10,694 Real Estate Owned: Residential 80 138 Commercial 1,581 174 Total Real Estate Owned 1,661 312 Total Nonperforming Assets $ 8,817 $ 11,006 Nonperforming Loans to Total Loans 1.05 % 1.56 % Nonperforming Assets to Total Assets 1.06 1.32 |
Troubled Debt Restructurings on Financing Receivables [Table Text Block] | (Dollars in thousands) Three Months Ended March 31, 2016 Number Pre- Post- Related Originated Loans Other 1 $ 7 $ 7 $ - Total 1 $ 7 $ 7 $ - Loans Acquired at Fair Value Real Estate Residential 1 $ 37 $ 45 $ - Commercial 1 539 539 - Total 2 $ 576 $ 584 $ - Three Months Ended March 31, 2015 Number Pre- Post- Related Originated Loans Real Estate Commercial 1 $ 430 $ 430 $ - Total 1 $ 430 $ 430 $ - |
Impaired Financing Receivables [Table Text Block] | (Dollars in thousands) March 31, 2016 Recorded Related Unpaid Average Interest With No Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 3,987 $ - $ 3,987 $ 4,023 $ 44 Construction 181 - 181 207 - Commercial and Industrial 720 - 720 684 8 Other 7 - 7 7 - Total With No Related Allowance Recorded $ 4,895 $ - $ 4,895 $ 4,921 $ 52 Loans Acquired at Fair Value Real Estate: Residential $ 1,331 $ - $ 1,331 $ 1,335 $ 18 Commercial 3,261 - 3,353 3,290 38 Commercial and Industrial 593 - 593 601 6 Total With No Related Allowance Recorded $ 5,185 $ - $ 5,277 $ 5,226 $ 62 Total Loans Real Estate: Residential $ 1,331 $ - $ 1,331 $ 1,335 $ 18 Commercial 7,248 - 7,340 7,313 82 Construction 181 - 181 207 - Commercial and Industrial 1,313 - 1,313 1,285 14 Other 7 - 7 7 - Total With No Related Allowance Recorded $ 10,080 $ - $ 10,172 $ 10,147 $ 114 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 1,425 $ 377 $ 1,430 $ 1,430 $ 16 Commercial and Industrial 1,448 322 1,448 1,447 13 Total With A Related Allowance Recorded $ 2,873 $ 699 $ 2,878 $ 2,877 $ 29 Loans Acquired at Fair Value Real Estate: Residential $ 247 $ 52 $ 254 $ 247 $ - Total With A Related Allowance Recorded $ 247 $ 52 $ 254 $ 247 $ - Total Loans Real Estate: Residential $ 247 $ 52 $ 254 $ 247 $ - Commercial 1,425 377 1,430 1,430 16 Commercial and Industrial 1,448 322 1,448 1,447 13 Total With A Related Allowance Recorded $ 3,120 $ 751 $ 3,132 $ 3,124 $ 29 March 31, 2016 (cont.) Total Impaired Loans: Originated Loans Real Estate: Commercial $ 5,412 $ 377 $ 5,417 $ 5,453 $ 60 Construction 181 - 181 207 - Commercial and Industrial 2,168 322 2,168 2,131 21 Other 7 - 7 7 - Total Impaired Loans $ 7,768 $ 699 $ 7,773 $ 7,798 $ 81 Loans Acquired at Fair Value Real Estate: Residential $ 1,578 $ 52 $ 1,585 $ 1,582 $ 18 Commercial 3,261 - 3,353 3,290 38 Commercial and Industrial 593 - 593 601 6 Total Impaired Loans $ 5,432 $ 52 $ 5,531 $ 5,473 $ 62 Total Loans Real Estate: Residential $ 1,578 $ 52 $ 1,585 $ 1,582 $ 18 Commercial 8,673 377 8,770 8,743 98 Construction 181 - 181 207 - Commercial and Industrial 2,761 322 2,761 2,732 27 Other 7 - 7 7 - Total Impaired Loans $ 13,200 $ 751 $ 13,304 $ 13,271 $ 143 December 31, 2015 Recorded Related Unpaid Average Interest With No Related Allowance Recorded: Originated Loans Real Estate: Residential $ 5 $ - $ 17 $ 6 $ - Commercial 6,636 - 6,636 7,095 232 Construction 229 - 230 292 - Commercial and Industrial 627 - 627 756 35 Total With No Related Allowance Recorded $ 7,497 $ - $ 7,510 $ 8,149 $ 267 Loans Acquired at Fair Value Real Estate: Residential $ 1,296 $ - $ 1,296 $ 1,315 $ 67 Commercial 4,188 - 4,263 4,449 214 Commercial and Industrial 63 - 63 79 3 Total With No Related Allowance Recorded $ 5,547 $ - $ 5,622 $ 5,843 $ 284 Total Loans Real Estate: Residential $ 1,301 $ - $ 1,313 $ 1,321 $ 67 Commercial 10,824 - 10,899 11,544 446 Construction 229 - 230 292 - Commercial and Industrial 690 - 690 835 38 Total With No Related Allowance Recorded $ 13,044 $ - $ 13,132 $ 13,992 $ 551 With A Related Allowance Recorded: Originated Loans Real Estate: Commercial $ 1,436 $ 408 $ 1,441 $ 1,457 $ 37 Commercial and Industrial 136 9 137 128 5 Total With A Related Allowance Recorded $ 1,572 $ 417 $ 1,578 $ 1,585 $ 42 Total Impaired Loans Originated Loans Real Estate: Residential $ 5 $ - $ 17 $ 6 $ - Commercial 8,072 408 8,077 8,552 269 Construction 229 - 230 292 - Commercial and Industrial 763 9 764 884 40 Total Impaired Loans $ 9,069 $ 417 $ 9,088 $ 9,734 $ 309 Loans Acquired at Fair Value Real Estate: Residential $ 1,296 $ - $ 1,296 $ 1,315 $ 67 Commercial 4,188 - 4,263 4,449 214 Commercial and Industrial 63 - 63 79 3 Total Impaired Loans $ 5,547 $ - $ 5,622 $ 5,843 $ 284 Total Loans Real Estate: Residential $ 1,301 $ - $ 1,313 $ 1,321 $ 67 Commercial 12,260 408 12,340 13,001 483 Construction 229 - 230 292 - Commercial and Industrial 826 9 827 963 43 Total Impaired Loans $ 14,616 $ 417 $ 14,710 $ 15,577 $ 593 |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | (Dollars in thousands) Real Real Real Commercial Consumer Other Unallocated Total Originated Loans December 31, 2015 $ 1,623 $ 2,045 $ 137 $ 784 $ 1,887 $ - $ 14 $ 6,490 Charge-offs (20 ) - - - (185 ) (17 ) - (222 ) Recoveries 1 - - - 24 9 - 34 Provision (345 ) (9 ) (20 ) 319 450 10 230 635 March 31, 2016 $ 1,259 $ 2,036 $ 117 $ 1,103 $ 2,176 $ 2 $ 244 $ 6,937 Loans Acquired at Fair Value December 31, 2015 $ - $ - $ - $ - $ - $ - $ - $ - Charge-offs - (180 ) - - (5 ) - - (185 ) Recoveries 2 1 - - 3 - - 6 Provision (2 ) 179 - - 2 - 36 215 March 31, 2016 $ - $ - $ - $ - $ - $ - $ 36 $ 36 Total Allowance for Loan Losses December 31, 2015 $ 1,623 $ 2,045 $ 137 $ 784 $ 1,887 $ - $ 14 $ 6,490 Charge-offs (20 ) (180 ) - - (190 ) (17 ) - (407 ) Recoveries 3 1 - - 27 9 - 40 Provision (347 ) 170 (20 ) 319 452 10 266 850 March 31, 2016 $ 1,259 $ 2,036 $ 117 $ 1,103 $ 2,176 $ 2 $ 280 $ 6,973 Originated Loans March 31, 2016 Individually Evaluated for Impairment $ - $ 377 $ - $ 322 $ - $ - $ - $ 699 Collectively Evaluated for Potential Impairment $ 1,259 $ 1,659 $ 117 $ 781 $ 2,176 $ 2 $ 244 $ 6,238 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 52 $ - $ - $ - $ - $ - $ - $ 52 Collectively Evaluated for Potential Impairment $ (52 ) $ - $ - $ - $ - $ - $ 36 $ (16 ) Total Allowance for Loan Losses Individually Evaluated for Impairment $ 52 $ 377 $ - $ 322 $ - $ - $ - $ 751 Collectively Evaluated for Potential Impairment $ 1,207 $ 1,659 $ 117 $ 781 $ 2,176 $ 2 $ 280 $ 6,222 Real Real Real Commercial Consumer Other Unallocated Total Originated Loans December 31, 2014 $ 2,690 $ 582 $ 122 $ 684 $ 1,015 $ - $ 102 $ 5,195 Charge-offs - (6 ) - - (47 ) - - (53 ) Recoveries 3 2 - - 31 - - 36 Provision (180 ) 30 23 229 12 - 186 300 March 31, 2015 $ 2,513 $ 608 $ 145 $ 913 $ 1,011 $ - $ 288 $ 5,478 March 31, 2015 Originated Loans Individually Evaluated for Impairment $ - $ 456 $ 28 $ 481 $ - $ - $ - $ 965 Collectively Evaluated for Potential Impairment $ 2,513 $ 152 $ 117 $ 432 $ 1,011 $ - $ 288 $ 4,513 Originated Loans Real Real Real Commercial Consumer Other Unallocated Total December 31, 2015 Individually Evaluated for Impairment $ - $ 408 $ - $ 9 $ - $ - $ - $ 417 Collectively Evaluated for Potential Impairment $ 1,623 $ 1,637 $ 137 $ 775 $ 1,887 $ - $ 14 $ 6,073 |
Schedule of Accretable Discount on Loans Acquired at Fair Value [Table Text Block] | Accretable Balance at December 31, 2015 $ 3,302 Accretable yield (393 ) Nonaccretable premium 104 Balance at March 31, 2016 $ 3,013 |
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent [Table Text Block] | (Dollars in thousands) March 31, 2016 Real Real Real Commercial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ - $ 5,412 $ 181 $ 2,168 $ - $ 7 $ 7,768 Collectively Evaluated for Potential Impairment 171,128 122,989 16,233 62,637 107,569 6,292 486,848 $ 171,128 $ 128,401 $ 16,414 $ 64,805 $ 107,569 $ 6,299 $ 494,616 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 1,578 $ 3,261 $ - $ 593 $ - $ - $ 5,432 Collectively Evaluated for Potential Impairment 98,391 70,228 1,769 13,362 208 - 183,958 $ 99,969 $ 73,489 $ 1,769 $ 13,955 $ 208 $ - $ 189,390 Total Loans Individually Evaluated for Impairment $ 1,578 $ 8,673 $ 181 $ 2,761 $ - $ - $ 13,193 Collectively Evaluated for Potential Impairment 269,519 193,217 18,002 75,999 107,777 6,299 670,813 $ 271,097 $ 201,890 $ 18,183 $ 78,760 $ 107,777 $ 6,299 $ 684,006 December 31, 2015 Real Real Real Commercial Consumer Other Total Originated Loans Individually Evaluated for Impairment $ 5 $ 8,072 $ 229 $ 763 $ - $ - $ 9,069 Collectively Evaluated for Potential Impairment 170,164 119,542 17,114 59,724 103,605 4,592 474,741 $ 170,169 $ 127,614 $ 17,343 $ 60,487 $ 103,605 $ 4,592 $ 483,810 Loans Acquired at Fair Value Individually Evaluated for Impairment $ 1,296 $ 4,188 $ - $ 63 $ - $ - $ 5,547 Collectively Evaluated for Potential Impairment 101,762 71,218 3,870 16,597 550 - 193,997 $ 103,058 $ 75,406 $ 3,870 $ 16,660 $ 550 $ - $ 199,544 Total Loans Individually Evaluated for Impairment $ 1,301 $ 12,260 $ 229 $ 826 $ - $ - $ 14,616 Collectively Evaluated for Potential Impairment 271,926 190,760 20,984 76,321 104,155 4,592 668,738 $ 273,227 $ 203,020 $ 21,213 $ 77,147 $ 104,155 $ 4,592 $ 683,354 |
Note 5 - Deposits (Tables)
Note 5 - Deposits (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Time Deposits [Member] | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | Maturity Period: March 31, One Year or Less $ 56,521 Over One Through Two Years 25,981 Over Two Through Three Years 15,659 Over Three Through Four Years 13,751 Over Four Through Five Years 14,534 Over Five Years 9,223 Total $ 135,669 |
Schedule of Long-term Debt Instruments [Table Text Block] | (Dollars in thousands) March 31, 2016 December 31, 2015 Amount Weighted Amount Weighted Due in One Year $ 3,500 0.94 % $ - - % Due After One Year to Two Years 3,500 1.35 3,500 0.94 Due After Two Years to Three Years 4,000 1.67 4,500 1.41 Due After Three Years to Four Years 6,000 1.88 6,000 1.78 Due After Four Years to Five Years 5,000 2.09 6,000 1.97 Due After Five Years 6,000 2.32 8,000 2.27 Total $ 28,000 1.80 $ 28,000 1.80 |
Note 6 - Short-term Borrowings
Note 6 - Short-term Borrowings (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | (Dollars in thousands) March 31, 2016 December 31, 2015 Amount Weighted Amount Weighted Short-term Borrowings Federal Funds Purchased: Average Balance Outstanding During the Period $ 326 1.23 % $ 485 0.41 % Maximum Amount Outstanding at any Month End - 5,900 FHLB Borrowings: Balance at Period End - - 9,360 0.51 Average Balance Outstanding During the Period 583 0.69 7,347 0.37 Maximum Amount Outstanding at any Month End - 30,950 Securities Sold Under Agreements to Repurchase: Balance at Period End 22,583 0.19 23,088 0.18 Average Balance Outstanding During the Period 23,420 0.22 23,303 0.24 Maximum Amount Outstanding at any Month End 24,564 27,908 Securities Collaterizing the Agreements at Period-End: Carrying Value 27,249 26,033 Market Value 27,401 26,063 |
Note 7 - Other Borrowed Funds (
Note 7 - Other Borrowed Funds (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Notes Tables | |
Schedule of Long-term Debt Instruments [Table Text Block] | (Dollars in thousands) March 31, 2016 December 31, 2015 Amount Weighted Amount Weighted Due in One Year $ 3,500 0.94 % $ - - % Due After One Year to Two Years 3,500 1.35 3,500 0.94 Due After Two Years to Three Years 4,000 1.67 4,500 1.41 Due After Three Years to Four Years 6,000 1.88 6,000 1.78 Due After Four Years to Five Years 5,000 2.09 6,000 1.97 Due After Five Years 6,000 2.32 8,000 2.27 Total $ 28,000 1.80 $ 28,000 1.80 |
Note 8 - Commitments and Cont27
Note 8 - Commitments and Contingent Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Notes Tables | |
Schedule of Fair Value, Off-balance Sheet Risks [Table Text Block] | (Dollars in thousands) March 31, December 31, Standby Letters of Credit $ 10,766 $ 18,316 Performance Letters of Credit 1,443 1,358 Construction Mortgages 16,043 21,144 Personal Lines of Credit 5,970 5,810 Overdraft Protection Lines 6,111 6,051 Home Equity Lines of Credit 14,594 14,491 Commercial Lines of Credit 50,628 45,584 $ 105,555 $ 112,754 |
Note 9 - Fair Value Disclosure
Note 9 - Fair Value Disclosure (Tables) | 3 Months Ended |
Mar. 31, 2016 | |
Notes Tables | |
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block] | (Dollars in thousands) Valuation March 31, December 31, Available for Sales Securities: U.S. Government Agencies Level II $ 48,599 $ 51,188 Obligations of States and Political Subdivisions Level II 40,642 40,074 Mortgage-Backed Securities - Government-Sponsored Enterprises Level II 3,233 3,403 Equity Securities - Mutual Funds Level I 521 513 Equity Securities - Other Level I 668 685 Total Available for Sale Securities $ 93,663 $ 95,863 |
Fair Value Inputs, Assets, Quantitative Information [Table Text Block] | (Dollars in thousands) Fair Value at Significant Financial Asset Valuation March 31, December 31, Valuation Significant Unobservable Impaired Loans Level III $ 2,369 $ 1,155 Market Comparable Properties Marketability Discount 10% to 30% (1) OREO Level III 3,236 111 Market Comparable Properties Marketability Discount 10% to 50% (1) |
Fair Value, by Balance Sheet Grouping [Table Text Block] | (Dollars in thousands) March 31, 2016 December 31, 2015 Valuation Carrying Fair Carrying Fair Financial Assets: Cash and Due From Banks: Interest Bearing Level I $ 4,886 $ 4,886 $ 2,316 $ 2,316 Non-Interest Bearing Level I 7,695 7,695 9,024 9,024 Investment Securities: Available for Sale See Above 93,663 93,663 95,863 95,863 Loans, Net Level III 677,033 694,320 676,864 692,373 Restricted Stock Level II 3,235 3,235 3,824 3,824 Bank-Owned Life Insurance Level II 18,329 18,329 18,209 18,209 Accrued Interest Receivable Level II 2,234 2,234 2,419 2,419 Financial Liabilities: Deposits Level II 689,950 690,599 679,299 678,921 Short-term Borrowings Level II 22,583 22,583 32,448 32,448 Other Borrowed Funds Level III 28,000 28,483 28,000 27,830 Accrued Interest Payable Level II 309 309 305 305 |
Note 2 - Earnings Per Share (De
Note 2 - Earnings Per Share (Details Textual) | 3 Months Ended |
Mar. 31, 2016shares | |
Number of Securities, Affect Net Income Approtioned to Common Stockholders in Calculating Basic and Diluted Earning Per Share | 0 |
Note 2 - Basic and Diluted Earn
Note 2 - Basic and Diluted Earnings Per Common Share (Details) - $ / shares | 3 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Weighted-Average Common Shares Outstanding (in shares) | 4,363,346 | 4,363,346 |
Average Treasury Stock Shares (in shares) | (282,329) | (291,884) |
Additional Common Stock Equivalents (Restricted Stock) Used to Calculate Diluted Earnings Per Share (in shares) | 852 | |
Weighted-Average Common Shares and Common Stock Equivalents Used to Calculate Diluted Earnings Per Share (in shares) | 4,081,869 | 4,071,462 |
Basic (in dollars per share) | $ 0.50 | $ 0.56 |
Diluted (in dollars per share) | $ 0.50 | $ 0.56 |
Note 3 - Investment Securitie31
Note 3 - Investment Securities (Details Textual) - USD ($) | Mar. 31, 2016 | Dec. 31, 2015 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Credit Losses on Debt Securities Held | $ 0 | $ 0 |
Note 3 - Amortized Cost and Fai
Note 3 - Amortized Cost and Fair Value of Investment Securities Available-for-Sale (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
US Government Agencies Debt Securities [Member] | ||
Amortized Cost | $ 48,300 | $ 51,151 |
Gross Unrealized Gains | 299 | 147 |
Available for sale securities | 48,599 | 51,188 |
Gross Unrealized Losses | (110) | |
US States and Political Subdivisions Debt Securities [Member] | ||
Amortized Cost | 39,816 | 39,351 |
Gross Unrealized Gains | 842 | 760 |
Available for sale securities | 40,642 | 40,074 |
Gross Unrealized Losses | (16) | (37) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Amortized Cost | 3,180 | 3,390 |
Gross Unrealized Gains | 53 | 13 |
Available for sale securities | 3,233 | 3,403 |
Equity Securities - Mutual Funds [Member] | ||
Amortized Cost | 500 | 500 |
Gross Unrealized Gains | 21 | 13 |
Available for sale securities | 521 | 513 |
Equity Securities [Member] | ||
Amortized Cost | 600 | 600 |
Gross Unrealized Gains | 70 | 85 |
Available for sale securities | 668 | $ 685 |
Gross Unrealized Losses | (2) | |
Amortized Cost | 92,396 | $ 94,992 |
Gross Unrealized Gains | 1,285 | 1,018 |
Available for sale securities | 93,663 | 95,863 |
Gross Unrealized Losses | $ (18) | $ (147) |
Note 3 - Gross Unrealized Losse
Note 3 - Gross Unrealized Losses and Fair Value by Investment Category and Continuous Unrealized Loss Position (Details) $ in Thousands | Mar. 31, 2016USD ($) | Dec. 31, 2015USD ($) |
US Government Agencies Debt Securities [Member] | ||
Less than Twelve Months, Number of Securities | 1 | 6 |
Less than Twelve Months, Fair Value | $ 2,000 | $ 14,928 |
Less than Twelve Months, Gross Unrealized Losses | $ (110) | |
Twelve Months or More, Number of Securities | ||
Twelve Months or More, Fair Value | ||
Twelve Months or More, Gross Unrealized Losses | ||
Number of Securities, Total | 1 | 6 |
Fair Value, Total | $ 2,000 | $ 14,928 |
Gross Unrealized Losses, Total | $ (110) | |
US States and Political Subdivisions Debt Securities [Member] | ||
Less than Twelve Months, Number of Securities | 6 | 11 |
Less than Twelve Months, Fair Value | $ 2,358 | $ 5,333 |
Less than Twelve Months, Gross Unrealized Losses | $ (11) | $ (25) |
Twelve Months or More, Number of Securities | 3 | 8 |
Twelve Months or More, Fair Value | $ 1,268 | $ 4,549 |
Twelve Months or More, Gross Unrealized Losses | $ (5) | $ (12) |
Number of Securities, Total | 9 | 19 |
Fair Value, Total | $ 3,626 | $ 9,882 |
Gross Unrealized Losses, Total | $ (16) | $ (37) |
Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Less than Twelve Months, Number of Securities | 3 | |
Less than Twelve Months, Fair Value | $ 148 | |
Less than Twelve Months, Gross Unrealized Losses | $ (2) | |
Twelve Months or More, Number of Securities | ||
Twelve Months or More, Fair Value | ||
Twelve Months or More, Gross Unrealized Losses | ||
Number of Securities, Total | 3 | |
Fair Value, Total | $ 148 | |
Gross Unrealized Losses, Total | $ (2) | |
Less than Twelve Months, Number of Securities | 10 | 17 |
Less than Twelve Months, Fair Value | $ 4,506 | $ 20,261 |
Less than Twelve Months, Gross Unrealized Losses | $ (13) | $ (135) |
Twelve Months or More, Number of Securities | 3 | 8 |
Twelve Months or More, Fair Value | $ 1,268 | $ 4,549 |
Twelve Months or More, Gross Unrealized Losses | $ (5) | $ (12) |
Number of Securities, Total | 13 | 25 |
Fair Value, Total | $ 5,774 | $ 24,810 |
Gross Unrealized Losses, Total | $ (18) | $ (147) |
Note 3 - Maturities of Investme
Note 3 - Maturities of Investment Securities Available-for-Sale and Held-to-maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Due in One Year or Less | ||
Due in One Year or Less | ||
Due after One Year through Five Years | $ 25,912 | |
Due after One Year through Five Years | 26,132 | |
Due after Five Years through Ten Years | 59,878 | |
Due after Five Years through Ten Years | 60,601 | |
Due after Ten Years | 6,606 | |
Due after Ten Years | 6,930 | |
Amortized Cost | 92,396 | $ 94,992 |
Available for sale securities | $ 93,663 | $ 95,863 |
Note 4 - Loans and Related Al35
Note 4 - Loans and Related Allowance for Loan Loss (Details Textual) | Mar. 31, 2016USD ($) | Dec. 31, 2015USD ($) | Mar. 31, 2016USD ($) | Mar. 31, 2015 |
Unlikely to be Collected Financing Receivable [Member] | ||||
Loans and Leases Receivable, Gross | $ 0 | $ 0 | $ 0 | |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross | 107,569,000 | 103,605,000 | 107,569,000 | |
Financing Receivable Modifications Number of Contracts Paid Off | 1 | |||
Originated Loans [Member] | ||||
Loans and Leases Receivable, Gross | $ 494,616,000 | $ 483,810,000 | $ 494,616,000 | |
Financing Receivable, Modifications, Number of Contracts | 5 | 4 | 1 | 1 |
Financing Receivable, Modifications, Recorded Investment | $ 1,400,000 | $ 1,400,000 | $ 1,400,000 | |
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | ||||
Loans and Leases Receivable, Gross | 208,000 | 550,000 | $ 208,000 | |
Financing Receivable Modifications Number of Contracts Paid Off | 1 | 1 | ||
Acquired Loans [Member] | ||||
Loans and Leases Receivable, Gross | $ 189,390,000 | $ 199,544,000 | $ 189,390,000 | |
Financing Receivable, Modifications, Number of Contracts | 10 | 9 | 2 | |
Financing Receivable, Modifications, Recorded Investment | $ 2,800,000 | $ 2,800,000 | $ 2,800,000 | |
Number of Loan Portfolio Segments | 4 | 4 | ||
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums | $ 700,000 | 705,000 | $ 700,000 | |
Financing Receivable, Modifications, Subsequent Default, Number of Contracts | 0 | 0 | ||
Real Estate Loans Serviced for Others | 77,100,000 | 73,100,000 | $ 77,100,000 | |
Loans and Leases Receivable, Gross | 684,006,000 | 683,354,000 | 684,006,000 | |
Mortgage Loans in Process of Foreclosure, Amount | $ 2,900,000 | $ 3,800,000 | 2,900,000 | |
Financing Receivable, Modifications, Number of Contracts | 15 | 13 | ||
Financing Receivable, Modifications, Recorded Investment | $ 4,200,000 | $ 4,200,000 | $ 4,200,000 |
Note 4 - Composition of Loan Po
Note 4 - Composition of Loan Portfolio (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 171,128 | $ 170,169 |
Originated and acquired loans, percent | 34.60% | 35.20% |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 99,969 | $ 103,058 |
Originated and acquired loans, percent | 52.80% | 51.70% |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 271,097 | $ 273,227 |
Originated and acquired loans, percent | 39.60% | 40.00% |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 128,401 | $ 127,614 |
Originated and acquired loans, percent | 26.00% | 26.40% |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 73,489 | $ 75,406 |
Originated and acquired loans, percent | 38.80% | 37.80% |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 201,890 | $ 203,020 |
Originated and acquired loans, percent | 29.50% | 29.70% |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 64,805 | $ 60,487 |
Originated and acquired loans, percent | 13.10% | 12.50% |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 13,955 | $ 16,660 |
Originated and acquired loans, percent | 7.40% | 8.30% |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 78,760 | $ 77,147 |
Originated and acquired loans, percent | 11.50% | 11.30% |
Commercial Portfolio Segment [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 107,569 | $ 103,605 |
Originated and acquired loans, percent | 21.70% | 21.40% |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 208 | $ 550 |
Originated and acquired loans, percent | 0.10% | 0.30% |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 16,414 | $ 17,343 |
Originated and acquired loans, percent | 3.30% | 3.60% |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 1,769 | $ 3,870 |
Originated and acquired loans, percent | 0.90% | 1.90% |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 18,183 | $ 21,213 |
Originated and acquired loans, percent | 2.70% | 3.10% |
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 6,299 | $ 4,592 |
Originated and acquired loans, percent | 1.30% | 0.90% |
Other Portfolio Segment [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | ||
Other Portfolio Segment [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 6,299 | $ 4,592 |
Originated and acquired loans, percent | 0.90% | 0.70% |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 107,569 | $ 103,605 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | 208 | 550 |
Consumer Portfolio Segment [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 107,777 | $ 104,155 |
Originated and acquired loans, percent | 15.80% | 15.20% |
Originated Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 494,616 | $ 483,810 |
Originated and acquired loans, percent | 100.00% | 100.00% |
Originated and acquired loans, amount | $ (6,937) | $ (6,490) |
Originated and acquired loans, amount | 487,679 | 477,320 |
Originated and acquired loans, amount | (6,937) | (6,490) |
Loans, Net | 487,679 | 477,320 |
Acquired Loans [Member] | ||
Real Estate: | ||
Loans and Leases Receivable, Gross | $ 189,390 | $ 199,544 |
Originated and acquired loans, percent | 100.00% | 100.00% |
Originated and acquired loans, amount | $ (36) | |
Originated and acquired loans, amount | 189,354 | $ 199,544 |
Originated and acquired loans, amount | (36) | |
Loans, Net | 189,354 | $ 199,544 |
Loans and Leases Receivable, Gross | $ 684,006 | $ 683,354 |
Originated and acquired loans, percent | 100.00% | 100.00% |
Originated and acquired loans, amount | $ (6,973) | $ (6,490) |
Originated and acquired loans, amount | 677,033 | 676,864 |
Originated and acquired loans, amount | (6,973) | (6,490) |
Loans, Net | $ 677,033 | $ 676,864 |
Note 4 - Credit Quality Informa
Note 4 - Credit Quality Information (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | $ 170,304 | $ 169,233 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | 460 | 249 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | $ 364 | 682 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | 5 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans and Leases Receivable, Gross | $ 171,128 | 170,169 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | $ 97,533 | $ 100,633 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | $ 2,436 | $ 2,425 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross | $ 99,969 | $ 103,058 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | 267,837 | 269,866 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | 460 | 249 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | $ 2,800 | 3,107 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | 5 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans and Leases Receivable, Gross | $ 271,097 | 273,227 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | 113,254 | 113,087 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | 10,145 | 6,870 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | 3,915 | 6,565 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | 1,087 | 1,092 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans and Leases Receivable, Gross | 128,401 | 127,614 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | 67,998 | 69,539 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | 2,230 | 2,252 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | $ 3,261 | $ 3,615 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross | $ 73,489 | $ 75,406 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | 181,252 | 182,626 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | 12,375 | 9,122 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | 7,176 | 10,180 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | 1,087 | 1,092 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans and Leases Receivable, Gross | 201,890 | 203,020 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | 60,131 | 57,586 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | 2,513 | 2,145 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | $ 2,161 | $ 756 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Loans and Leases Receivable, Gross | $ 64,805 | $ 60,487 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | 12,700 | 15,601 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | 662 | 996 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | $ 593 | $ 63 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross | $ 13,955 | $ 16,660 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | 72,831 | 73,187 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | 3,175 | 3,141 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | $ 2,754 | $ 819 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Loans and Leases Receivable, Gross | $ 78,760 | $ 77,147 |
Commercial Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans and Leases Receivable, Gross | 107,569 | 103,605 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross | 208 | 550 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | 15,519 | 16,384 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | $ 714 | $ 729 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | $ 181 | $ 230 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans and Leases Receivable, Gross | 16,414 | 17,343 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | $ 1,769 | $ 3,870 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross | $ 1,769 | $ 3,870 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | 17,288 | 20,254 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | $ 714 | $ 729 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | $ 181 | $ 230 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans and Leases Receivable, Gross | 18,183 | 21,213 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | $ 107,453 | $ 103,591 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | ||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | $ 116 | $ 14 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | ||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans and Leases Receivable, Gross | $ 107,569 | $ 103,605 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | $ 208 | $ 550 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross | $ 208 | $ 550 |
Consumer Portfolio Segment [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | $ 107,661 | $ 104,141 |
Consumer Portfolio Segment [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | ||
Consumer Portfolio Segment [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | $ 116 | $ 14 |
Consumer Portfolio Segment [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | ||
Consumer Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | $ 107,777 | $ 104,155 |
Other Portfolio Segment [Member] | Originated Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | $ 6,299 | $ 4,592 |
Other Portfolio Segment [Member] | Originated Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans and Leases Receivable, Gross | $ 6,299 | $ 4,592 |
Other Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross | ||
Other Portfolio Segment [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | $ 6,299 | $ 4,592 |
Other Portfolio Segment [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | ||
Other Portfolio Segment [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | ||
Other Portfolio Segment [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | ||
Other Portfolio Segment [Member] | ||
Loans and Leases Receivable, Gross | $ 6,299 | $ 4,592 |
Originated Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | 472,960 | 464,473 |
Originated Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | 13,832 | 9,993 |
Originated Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | 6,556 | 8,017 |
Originated Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | 1,268 | 1,327 |
Originated Loans [Member] | ||
Loans and Leases Receivable, Gross | 494,616 | 483,810 |
Acquired Loans [Member] | Pass [Member] | ||
Loans and Leases Receivable, Gross | 180,208 | 190,193 |
Acquired Loans [Member] | Special Mention [Member] | ||
Loans and Leases Receivable, Gross | 2,892 | 3,248 |
Acquired Loans [Member] | Substandard [Member] | ||
Loans and Leases Receivable, Gross | $ 6,290 | $ 6,103 |
Acquired Loans [Member] | Doubtful [Member] | ||
Loans and Leases Receivable, Gross | ||
Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross | $ 189,390 | $ 199,544 |
Pass [Member] | ||
Loans and Leases Receivable, Gross | 653,168 | 654,666 |
Special Mention [Member] | ||
Loans and Leases Receivable, Gross | 16,724 | 13,241 |
Substandard [Member] | ||
Loans and Leases Receivable, Gross | 12,846 | 14,120 |
Doubtful [Member] | ||
Loans and Leases Receivable, Gross | 1,268 | 1,327 |
Loans and Leases Receivable, Gross | $ 684,006 | $ 683,354 |
Note 4 - Delinquencies in the L
Note 4 - Delinquencies in the Loan (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | $ 163 | $ 563 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | $ 133 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | $ 15 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans current | 170,582 | $ 168,786 |
Total past due | 178 | 696 |
Nonaccrual loans | 368 | 687 |
Loans and Leases Receivable, Gross | 171,128 | 170,169 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | $ 868 | 1,308 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 263 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | $ 50 | 193 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans current | 97,454 | 99,794 |
Total past due | 918 | 1,764 |
Nonaccrual loans | 1,597 | 1,500 |
Loans and Leases Receivable, Gross | 99,969 | 103,058 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | $ 1,031 | 1,871 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 396 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | $ 65 | 193 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans current | 268,036 | 268,580 |
Total past due | 1,096 | 2,460 |
Nonaccrual loans | 1,965 | 2,187 |
Loans and Leases Receivable, Gross | 271,097 | 273,227 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | $ 110 | $ 114 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans current | $ 127,981 | $ 124,037 |
Total past due | 110 | 114 |
Nonaccrual loans | 310 | 3,463 |
Loans and Leases Receivable, Gross | 128,401 | 127,614 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | $ 293 | $ 1,019 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans current | $ 72,818 | $ 73,988 |
Total past due | 293 | 1,019 |
Nonaccrual loans | 378 | 399 |
Loans and Leases Receivable, Gross | 73,489 | 75,406 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | $ 403 | $ 1,133 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans current | $ 200,799 | $ 198,025 |
Total past due | 403 | 1,133 |
Nonaccrual loans | 688 | 3,862 |
Loans and Leases Receivable, Gross | 201,890 | 203,020 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | $ 123 | $ 45 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Loans current | $ 64,682 | $ 60,442 |
Total past due | $ 123 | $ 45 |
Nonaccrual loans | ||
Loans and Leases Receivable, Gross | $ 64,805 | $ 60,487 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | $ 192 | 38 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | $ 130 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Loans current | $ 13,763 | $ 16,450 |
Total past due | $ 192 | 168 |
Nonaccrual loans | 42 | |
Loans and Leases Receivable, Gross | $ 13,955 | 16,660 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | $ 315 | 83 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | $ 130 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Loans current | $ 78,445 | $ 76,892 |
Total past due | $ 315 | 213 |
Nonaccrual loans | 42 | |
Loans and Leases Receivable, Gross | $ 78,760 | $ 77,147 |
Commercial Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 2 | |
Commercial Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans and Leases Receivable, Gross | 107,569 | $ 103,605 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross | $ 208 | $ 550 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Loans current | $ 16,233 | $ 17,113 |
Total past due | ||
Nonaccrual loans | $ 181 | $ 230 |
Loans and Leases Receivable, Gross | $ 16,414 | $ 17,343 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Loans current | $ 1,769 | $ 3,870 |
Total past due | ||
Nonaccrual loans | ||
Loans and Leases Receivable, Gross | $ 1,769 | $ 3,870 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Loans current | $ 18,002 | $ 20,983 |
Total past due | ||
Nonaccrual loans | $ 181 | $ 230 |
Loans and Leases Receivable, Gross | 18,183 | 21,213 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 645 | 923 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 92 | 39 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans current | 106,714 | 102,629 |
Total past due | 739 | 962 |
Nonaccrual loans | 116 | 14 |
Loans and Leases Receivable, Gross | $ 107,569 | 103,605 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | $ 8 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans current | $ 208 | $ 542 |
Total past due | $ 8 | |
Nonaccrual loans | ||
Loans and Leases Receivable, Gross | $ 208 | $ 550 |
Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 645 | 931 |
Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 92 | $ 39 |
Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 2 | |
Consumer Portfolio Segment [Member] | ||
Loans current | 106,922 | $ 103,171 |
Total past due | 739 | 970 |
Nonaccrual loans | 116 | 14 |
Loans and Leases Receivable, Gross | $ 107,777 | $ 104,155 |
Other Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans current | $ 6,299 | $ 4,592 |
Total past due | ||
Nonaccrual loans | ||
Loans and Leases Receivable, Gross | $ 6,299 | $ 4,592 |
Other Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross | ||
Other Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | ||
Other Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | ||
Other Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | ||
Other Portfolio Segment [Member] | ||
Loans current | $ 6,299 | $ 4,592 |
Total past due | ||
Nonaccrual loans | ||
Loans and Leases Receivable, Gross | $ 6,299 | $ 4,592 |
Originated Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 1,041 | 1,645 |
Originated Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 92 | $ 172 |
Originated Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 17 | |
Originated Loans [Member] | ||
Loans current | 492,491 | $ 477,599 |
Total past due | 1,150 | 1,817 |
Nonaccrual loans | 975 | 4,394 |
Loans and Leases Receivable, Gross | 494,616 | 483,810 |
Acquired Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | $ 1,353 | 2,373 |
Acquired Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 393 | |
Acquired Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | $ 50 | 193 |
Acquired Loans [Member] | ||
Loans current | 186,012 | 194,644 |
Total past due | 1,403 | 2,959 |
Nonaccrual loans | 1,975 | 1,941 |
Loans and Leases Receivable, Gross | 189,390 | 199,544 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Total past due | 2,394 | 4,018 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Total past due | 92 | 565 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Total past due | 67 | 193 |
Loans current | 678,503 | 672,243 |
Total past due | 2,553 | 4,776 |
Nonaccrual loans | 2,950 | 6,335 |
Loans and Leases Receivable, Gross | $ 684,006 | $ 683,354 |
Note 4 - Nonperforming Assets (
Note 4 - Nonperforming Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | Acquired Loans [Member] | |||
Nonperforming loans | $ 1,330 | $ 1,296 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | |||
Accruing loans past due 90 days or more | 65 | 193 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Nonaccrual loans | 368 | 687 | |
Loans and Leases Receivable, Gross | 171,128 | 170,169 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Nonaccrual loans | 1,597 | 1,500 | |
Nonperforming loans | 45 | ||
Loans and Leases Receivable, Gross | 99,969 | 103,058 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Nonaccrual loans | 1,965 | 2,187 | |
Loans and Leases Receivable, Gross | 271,097 | 273,227 | |
Residential Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Real Estate Owned | 80 | 138 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | Originated Loans [Member] | |||
Nonperforming loans | 1,365 | 1,375 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Nonperforming Financial Instruments [Member] | Acquired Loans [Member] | |||
Nonperforming loans | 891 | 1,488 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Nonaccrual loans | 310 | 3,463 | |
Nonperforming loans | $ 430 | ||
Loans and Leases Receivable, Gross | 128,401 | 127,614 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Nonaccrual loans | 378 | 399 | |
Nonperforming loans | 539 | ||
Loans and Leases Receivable, Gross | 73,489 | 75,406 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Nonaccrual loans | 688 | 3,862 | |
Loans and Leases Receivable, Gross | 201,890 | $ 203,020 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Nonperforming Financial Instruments [Member] | Originated Loans [Member] | |||
Nonperforming loans | $ 539 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | |||
Nonaccrual loans | |||
Loans and Leases Receivable, Gross | $ 64,805 | $ 60,487 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | |||
Nonaccrual loans | 42 | ||
Loans and Leases Receivable, Gross | $ 13,955 | 16,660 | |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Nonaccrual loans | 42 | ||
Loans and Leases Receivable, Gross | $ 78,760 | 77,147 | |
Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Nonperforming loans | 7 | 7 | |
Commercial Portfolio Segment [Member] | Originated Loans [Member] | |||
Loans and Leases Receivable, Gross | 107,569 | 103,605 | |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | 208 | 550 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Nonaccrual loans | 181 | 230 | |
Loans and Leases Receivable, Gross | $ 16,414 | $ 17,343 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Nonaccrual loans | |||
Loans and Leases Receivable, Gross | $ 1,769 | $ 3,870 | |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Nonaccrual loans | 181 | 230 | |
Loans and Leases Receivable, Gross | 18,183 | $ 21,213 | |
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | Originated Loans [Member] | |||
Nonperforming loans | 7 | ||
Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Accruing loans past due 90 days or more | 2 | ||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Nonaccrual loans | 116 | $ 14 | |
Loans and Leases Receivable, Gross | $ 107,569 | $ 103,605 | |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Nonaccrual loans | |||
Loans and Leases Receivable, Gross | $ 208 | $ 550 | |
Consumer Portfolio Segment [Member] | |||
Nonaccrual loans | 116 | 14 | |
Loans and Leases Receivable, Gross | 107,777 | 104,155 | |
Other Portfolio Segment [Member] | Nonperforming Financial Instruments [Member] | |||
Real Estate Owned | $ 1,581 | $ 174 | |
Other Portfolio Segment [Member] | Originated Loans [Member] | |||
Nonaccrual loans | |||
Loans and Leases Receivable, Gross | $ 6,299 | $ 4,592 | |
Other Portfolio Segment [Member] | Acquired Loans [Member] | |||
Loans and Leases Receivable, Gross | |||
Other Portfolio Segment [Member] | |||
Nonaccrual loans | |||
Loans and Leases Receivable, Gross | $ 6,299 | $ 4,592 | |
Nonperforming Financial Instruments [Member] | Originated Loans [Member] | |||
Nonperforming loans | 1,379 | 1,382 | |
Nonperforming Financial Instruments [Member] | Acquired Loans [Member] | |||
Nonperforming loans | 2,760 | 2,784 | |
Nonperforming Financial Instruments [Member] | |||
Nonaccrual loans | 2,950 | 6,335 | |
Accruing loans past due 90 days or more | 67 | 193 | |
Total Nonaccrual Loans and Accruing Loans 90 Days or More Past Due | 3,017 | 6,528 | |
Nonperforming loans | 4,139 | 4,166 | |
Loans and Leases Receivable, Gross | 7,156 | 10,694 | |
Real Estate Owned | 1,661 | 312 | |
Total Nonperforming Assets | 8,817 | 11,006 | |
Originated Loans [Member] | |||
Nonaccrual loans | 975 | 4,394 | |
Nonperforming loans | 7 | $ 430 | |
Loans and Leases Receivable, Gross | 494,616 | 483,810 | |
Acquired Loans [Member] | |||
Nonaccrual loans | 1,975 | 1,941 | |
Nonperforming loans | 584 | ||
Loans and Leases Receivable, Gross | 189,390 | 199,544 | |
Nonaccrual loans | 2,950 | 6,335 | |
Loans and Leases Receivable, Gross | 684,006 | 683,354 | |
Total Nonperforming Assets | $ 833,057 | $ 830,677 | |
Nonperforming Loans to Total Loans | 1.05% | 1.56% | |
Nonperforming Assets to Total Assets | 1.06% | 1.32% |
Note 4 - Loans Classified as TD
Note 4 - Loans Classified as TDRs (Details) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 | Mar. 31, 2016USD ($) | Mar. 31, 2015USD ($) |
Originated Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||||
Financing Receivable, Modifications, Number of Contracts | 1 | |||
Pre- Modification Outstanding Recorded Investment | $ 430 | |||
Nonperforming loans | $ 430 | |||
Related Allowance | ||||
Originated Loans [Member] | ||||
Financing Receivable, Modifications, Number of Contracts | 5 | 4 | 1 | 1 |
Pre- Modification Outstanding Recorded Investment | $ 7 | $ 430 | ||
Nonperforming loans | $ 7 | $ 430 | ||
Related Allowance | ||||
Acquired Loans [Member] | Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||||
Financing Receivable, Modifications, Number of Contracts | 1 | |||
Pre- Modification Outstanding Recorded Investment | $ 539 | |||
Nonperforming loans | $ 539 | |||
Related Allowance | ||||
Acquired Loans [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||||
Financing Receivable, Modifications, Number of Contracts | 1 | |||
Pre- Modification Outstanding Recorded Investment | $ 37 | |||
Nonperforming loans | $ 45 | |||
Related Allowance | ||||
Acquired Loans [Member] | ||||
Financing Receivable, Modifications, Number of Contracts | 10 | 9 | 2 | |
Pre- Modification Outstanding Recorded Investment | $ 576 | |||
Nonperforming loans | $ 584 | |||
Related Allowance | ||||
Financing Receivable, Modifications, Number of Contracts | 15 | 13 |
Note 4 - Impaired Loans (Detail
Note 4 - Impaired Loans (Details) - USD ($) | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Recorded investment - with no related allowance | $ 3,987,000 | $ 6,636,000 |
Unpaid principal balance - with no related allowance | 3,987,000 | 6,636,000 |
Average recorded investment - with no related allowance | 4,023,000 | 7,095,000 |
Interest income recognized - with no related allowance | 44,000 | 232,000 |
Recorded investment - with related allowance | 1,425,000 | 1,436,000 |
Impaired Financing Receivable, Related Allowance | 377,000 | 408,000 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 1,430,000 | 1,441,000 |
Average recorded investment - with related allowance | 1,430,000 | 1,457,000 |
Interest income recognized - with related allowance | 16,000 | 37,000 |
Impaired Loans | 5,412,000 | 8,072,000 |
Unpaid principal balance | 5,417,000 | 8,077,000 |
Average recorded investment | 5,453,000 | 8,552,000 |
Interest income recognized | 60,000 | 269,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Recorded investment - with no related allowance | 3,261,000 | 4,188,000 |
Unpaid principal balance - with no related allowance | 3,353,000 | 4,263,000 |
Average recorded investment - with no related allowance | 3,290,000 | 4,449,000 |
Interest income recognized - with no related allowance | $ 38,000 | $ 214,000 |
Impaired Financing Receivable, Related Allowance | ||
Impaired Loans | $ 3,261,000 | $ 4,188,000 |
Unpaid principal balance | 3,353,000 | 4,263,000 |
Average recorded investment | 3,290,000 | 4,449,000 |
Interest income recognized | 38,000 | 214,000 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 7,248,000 | 10,824,000 |
Unpaid principal balance - with no related allowance | 7,340,000 | 10,899,000 |
Average recorded investment - with no related allowance | 7,313,000 | 11,544,000 |
Interest income recognized - with no related allowance | 82,000 | 446,000 |
Recorded investment - with related allowance | 1,425,000 | |
Impaired Financing Receivable, Related Allowance | 377,000 | 408,000 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 1,430,000 | |
Average recorded investment - with related allowance | 1,430,000 | |
Interest income recognized - with related allowance | 16,000 | |
Impaired Loans | 8,673,000 | 12,260,000 |
Unpaid principal balance | 8,770,000 | 12,340,000 |
Average recorded investment | 8,743,000 | 13,001,000 |
Interest income recognized | 98,000 | 483,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Recorded investment - with no related allowance | 720,000 | 627,000 |
Unpaid principal balance - with no related allowance | 720,000 | 627,000 |
Average recorded investment - with no related allowance | 684,000 | 756,000 |
Interest income recognized - with no related allowance | 8,000 | 35,000 |
Recorded investment - with related allowance | 1,448,000 | 136,000 |
Impaired Financing Receivable, Related Allowance | 322,000 | 9,000 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 1,448,000 | 137,000 |
Average recorded investment - with related allowance | 1,447,000 | 128,000 |
Interest income recognized - with related allowance | 13,000 | 5,000 |
Impaired Loans | 2,168,000 | 763,000 |
Unpaid principal balance | 2,168,000 | 764,000 |
Average recorded investment | 2,131,000 | 884,000 |
Interest income recognized | 21,000 | 40,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Recorded investment - with no related allowance | 593,000 | 63,000 |
Unpaid principal balance - with no related allowance | 593,000 | 63,000 |
Average recorded investment - with no related allowance | 601,000 | 79,000 |
Interest income recognized - with no related allowance | $ 6,000 | $ 3,000 |
Impaired Financing Receivable, Related Allowance | ||
Impaired Loans | $ 593,000 | $ 63,000 |
Unpaid principal balance | 593,000 | 63,000 |
Average recorded investment | 601,000 | 79,000 |
Interest income recognized | 6,000 | 3,000 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Recorded investment - with no related allowance | 1,313,000 | 690,000 |
Unpaid principal balance - with no related allowance | 1,313,000 | 690,000 |
Average recorded investment - with no related allowance | 1,285,000 | 835,000 |
Interest income recognized - with no related allowance | 14,000 | 38,000 |
Recorded investment - with related allowance | 1,448,000 | |
Impaired Financing Receivable, Related Allowance | 322,000 | 9,000 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 1,448,000 | |
Average recorded investment - with related allowance | 1,447,000 | |
Interest income recognized - with related allowance | 13,000 | |
Impaired Loans | 2,761,000 | 826,000 |
Unpaid principal balance | 2,761,000 | 827,000 |
Average recorded investment | 2,732,000 | 963,000 |
Interest income recognized | 27,000 | 43,000 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Recorded investment - with no related allowance | 5,000 | |
Unpaid principal balance - with no related allowance | 17,000 | |
Average recorded investment - with no related allowance | $ 6,000 | |
Interest income recognized - with no related allowance | ||
Impaired Financing Receivable, Related Allowance | ||
Impaired Loans | $ 5,000 | |
Unpaid principal balance | 17,000 | |
Average recorded investment | $ 6,000 | |
Interest income recognized | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Recorded investment - with no related allowance | 1,331,000 | $ 1,296,000 |
Unpaid principal balance - with no related allowance | 1,331,000 | 1,296,000 |
Average recorded investment - with no related allowance | 1,335,000 | 1,315,000 |
Interest income recognized - with no related allowance | 18,000 | $ 67,000 |
Recorded investment - with related allowance | 247,000 | |
Impaired Financing Receivable, Related Allowance | 52,000 | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 254,000 | |
Average recorded investment - with related allowance | $ 247,000 | |
Interest income recognized - with related allowance | ||
Impaired Loans | $ 1,578,000 | $ 1,296,000 |
Unpaid principal balance | 1,585,000 | 1,296,000 |
Average recorded investment | 1,582,000 | 1,315,000 |
Interest income recognized | 18,000 | 67,000 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | 1,331,000 | 1,301,000 |
Unpaid principal balance - with no related allowance | 1,331,000 | 1,313,000 |
Average recorded investment - with no related allowance | 1,335,000 | 1,321,000 |
Interest income recognized - with no related allowance | 18,000 | $ 67,000 |
Recorded investment - with related allowance | 247,000 | |
Impaired Financing Receivable, Related Allowance | 52,000 | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 254,000 | |
Average recorded investment - with related allowance | $ 247,000 | |
Interest income recognized - with related allowance | ||
Impaired Loans | $ 1,578,000 | $ 1,301,000 |
Unpaid principal balance | 1,585,000 | 1,313,000 |
Average recorded investment | 1,582,000 | 1,321,000 |
Interest income recognized | 18,000 | 67,000 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Recorded investment - with no related allowance | 181,000 | 229,000 |
Unpaid principal balance - with no related allowance | 181,000 | 230,000 |
Average recorded investment - with no related allowance | $ 207,000 | $ 292,000 |
Interest income recognized - with no related allowance | ||
Impaired Financing Receivable, Related Allowance | ||
Impaired Loans | $ 181,000 | $ 229,000 |
Unpaid principal balance | 181,000 | 230,000 |
Average recorded investment | $ 207,000 | 292,000 |
Interest income recognized | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Recorded investment - with no related allowance | $ 181,000 | 229,000 |
Unpaid principal balance - with no related allowance | 181,000 | 230,000 |
Average recorded investment - with no related allowance | $ 207,000 | $ 292,000 |
Interest income recognized - with no related allowance | ||
Impaired Financing Receivable, Related Allowance | ||
Impaired Loans | $ 181,000 | $ 229,000 |
Unpaid principal balance | 181,000 | 230,000 |
Average recorded investment | $ 207,000 | 292,000 |
Interest income recognized | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Recorded investment - with no related allowance | $ 7,000 | |
Unpaid principal balance - with no related allowance | 7,000 | |
Average recorded investment - with no related allowance | $ 7,000 | |
Interest income recognized - with no related allowance | ||
Impaired Financing Receivable, Related Allowance | ||
Impaired Loans | $ 7,000 | |
Unpaid principal balance | 7,000 | |
Average recorded investment | $ 7,000 | |
Interest income recognized | ||
Other Portfolio Segment [Member] | ||
Recorded investment - with no related allowance | $ 7,000 | |
Unpaid principal balance - with no related allowance | 7,000 | |
Average recorded investment - with no related allowance | $ 7,000 | |
Interest income recognized - with no related allowance | ||
Impaired Financing Receivable, Related Allowance | ||
Impaired Loans | $ 7,000 | |
Unpaid principal balance | 7,000 | |
Average recorded investment | $ 7,000 | |
Interest income recognized | ||
Originated Loans [Member] | ||
Recorded investment - with no related allowance | $ 4,895,000 | 7,497,000 |
Unpaid principal balance - with no related allowance | 4,895,000 | 7,510,000 |
Average recorded investment - with no related allowance | 4,921,000 | 8,149,000 |
Interest income recognized - with no related allowance | 52,000 | 267,000 |
Recorded investment - with related allowance | 2,873,000 | 1,572,000 |
Impaired Financing Receivable, Related Allowance | 699,000 | 417,000 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 2,878,000 | 1,578,000 |
Average recorded investment - with related allowance | 2,877,000 | 1,585,000 |
Interest income recognized - with related allowance | 29,000 | 42,000 |
Impaired Loans | 7,768,000 | 9,069,000 |
Unpaid principal balance | 7,773,000 | 9,088,000 |
Average recorded investment | 7,798,000 | 9,734,000 |
Interest income recognized | 81,000 | 309,000 |
Acquired Loans [Member] | ||
Recorded investment - with no related allowance | 5,185,000 | 5,547,000 |
Unpaid principal balance - with no related allowance | 5,277,000 | 5,622,000 |
Average recorded investment - with no related allowance | 5,226,000 | 5,843,000 |
Interest income recognized - with no related allowance | 62,000 | $ 284,000 |
Recorded investment - with related allowance | 247,000 | |
Impaired Financing Receivable, Related Allowance | 52,000 | |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 254,000 | |
Average recorded investment - with related allowance | $ 247,000 | |
Interest income recognized - with related allowance | ||
Impaired Loans | $ 5,432,000 | $ 5,547,000 |
Unpaid principal balance | 5,531,000 | 5,622,000 |
Average recorded investment | 5,473,000 | 5,843,000 |
Interest income recognized | 62,000 | 284,000 |
Recorded investment - with no related allowance | 10,080,000 | 13,044,000 |
Unpaid principal balance - with no related allowance | 10,172,000 | 13,132,000 |
Average recorded investment - with no related allowance | 10,147,000 | 13,992,000 |
Interest income recognized - with no related allowance | 114,000 | 551,000 |
Recorded investment - with related allowance | 3,120,000 | |
Impaired Financing Receivable, Related Allowance | 751,000 | 417,000 |
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 3,132,000 | 1,600,000 |
Average recorded investment - with related allowance | 3,124,000 | |
Interest income recognized - with related allowance | 29,000 | |
Impaired Loans | 13,200,000 | 14,616,000 |
Unpaid principal balance | 13,304,000 | 14,710,000 |
Average recorded investment | 13,271,000 | 15,577,000 |
Interest income recognized | $ 143,000 | $ 593,000 |
Note 4 - Activity in the Allowa
Note 4 - Activity in the Allowance for Loan Losses (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Dec. 31, 2015 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Beginning balance | $ 1,623 | $ 2,690 | |
Charge-offs | (20) | ||
Recoveries | 1 | $ 3 | |
Provision | (345) | (180) | |
Ending balance | $ 1,259 | $ 2,513 | |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | $ 1,259 | $ 2,513 | $ 1,623 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | $ 2 | ||
Provision | $ (2) | ||
Ending balance | |||
Individually Evaluated for Impairment | $ 52 | ||
Collectively Evaluated for Potential Impairment | (52) | ||
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Beginning balance | 1,623 | ||
Charge-offs | (20) | ||
Recoveries | 3 | ||
Provision | (347) | ||
Ending balance | 1,259 | ||
Individually Evaluated for Impairment | 52 | ||
Collectively Evaluated for Potential Impairment | 1,207 | ||
Commercial Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Beginning balance | $ 2,045 | 582 | |
Charge-offs | (6) | ||
Recoveries | 2 | ||
Provision | $ (9) | 30 | |
Ending balance | 2,036 | 608 | |
Individually Evaluated for Impairment | 377 | 456 | 408 |
Collectively Evaluated for Potential Impairment | $ 1,659 | 152 | $ 1,637 |
Commercial Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Beginning balance | |||
Charge-offs | $ (180) | ||
Recoveries | 1 | ||
Provision | $ 179 | ||
Ending balance | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Commercial Real Estate Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Beginning balance | $ 2,045 | ||
Charge-offs | (180) | ||
Recoveries | 1 | ||
Provision | 170 | ||
Ending balance | 2,036 | ||
Individually Evaluated for Impairment | 377 | ||
Collectively Evaluated for Potential Impairment | 1,659 | ||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | |||
Beginning balance | $ 137 | $ 122 | |
Charge-offs | |||
Recoveries | |||
Provision | $ (20) | $ 23 | |
Ending balance | $ 117 | 145 | |
Individually Evaluated for Impairment | 28 | ||
Collectively Evaluated for Potential Impairment | $ 117 | 117 | $ 137 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision | |||
Ending balance | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Beginning balance | $ 137 | ||
Charge-offs | |||
Recoveries | |||
Provision | $ (20) | ||
Ending balance | $ 117 | ||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | $ 117 | ||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | |||
Beginning balance | $ 784 | $ 684 | |
Charge-offs | |||
Recoveries | |||
Provision | $ 319 | $ 229 | |
Ending balance | 1,103 | 913 | |
Individually Evaluated for Impairment | 322 | 481 | 9 |
Collectively Evaluated for Potential Impairment | $ 781 | 432 | $ 775 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision | |||
Ending balance | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | |||
Beginning balance | $ 784 | ||
Charge-offs | |||
Recoveries | |||
Provision | $ 319 | ||
Ending balance | 1,103 | ||
Individually Evaluated for Impairment | 322 | ||
Collectively Evaluated for Potential Impairment | 781 | ||
Consumer Portfolio Segment [Member] | Originated Loans [Member] | |||
Beginning balance | 1,887 | 1,015 | |
Charge-offs | (185) | (47) | |
Recoveries | 24 | 31 | |
Provision | 450 | 12 | |
Ending balance | $ 2,176 | $ 1,011 | |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | $ 2,176 | $ 1,011 | $ 1,887 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | |||
Beginning balance | |||
Charge-offs | $ (5) | ||
Recoveries | 3 | ||
Provision | $ 2 | ||
Ending balance | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Consumer Portfolio Segment [Member] | |||
Beginning balance | $ 1,887 | ||
Charge-offs | (190) | ||
Recoveries | 27 | ||
Provision | 452 | ||
Ending balance | $ 2,176 | ||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | $ 2,176 | ||
Other Portfolio Segment [Member] | Originated Loans [Member] | |||
Beginning balance | |||
Charge-offs | $ (17) | ||
Recoveries | 9 | ||
Provision | 10 | ||
Ending balance | $ 2 | ||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | $ 2 | ||
Other Portfolio Segment [Member] | Acquired Loans [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision | |||
Ending balance | |||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | |||
Other Portfolio Segment [Member] | |||
Beginning balance | |||
Charge-offs | $ (17) | ||
Recoveries | 9 | ||
Provision | 10 | ||
Ending balance | $ 2 | ||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | $ 2 | ||
Unallocated Financing Receivables [Member] | Originated Loans [Member] | |||
Beginning balance | $ 14 | $ 102 | |
Charge-offs | |||
Recoveries | |||
Provision | $ 230 | $ 186 | |
Ending balance | $ 244 | $ 288 | |
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | $ 244 | $ 288 | $ 14 |
Unallocated Financing Receivables [Member] | Acquired Loans [Member] | |||
Beginning balance | |||
Charge-offs | |||
Recoveries | |||
Provision | $ 36 | ||
Ending balance | $ 36 | ||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | $ 36 | ||
Unallocated Financing Receivables [Member] | |||
Beginning balance | $ 14 | ||
Charge-offs | |||
Recoveries | |||
Provision | $ 266 | ||
Ending balance | $ 280 | ||
Individually Evaluated for Impairment | |||
Collectively Evaluated for Potential Impairment | $ 280 | ||
Originated Loans [Member] | |||
Beginning balance | 6,490 | 5,195 | |
Charge-offs | (222) | (53) | |
Recoveries | 34 | 36 | |
Provision | 635 | 300 | |
Ending balance | 6,937 | 5,478 | |
Individually Evaluated for Impairment | 699 | 965 | 417 |
Collectively Evaluated for Potential Impairment | $ 6,238 | $ 4,513 | $ 6,073 |
Acquired Loans [Member] | |||
Beginning balance | |||
Charge-offs | $ (185) | ||
Recoveries | 6 | ||
Provision | 215 | ||
Ending balance | 36 | ||
Individually Evaluated for Impairment | 52 | ||
Collectively Evaluated for Potential Impairment | (16) | ||
Beginning balance | 6,490 | ||
Charge-offs | (407) | ||
Recoveries | 40 | ||
Provision | 850 | ||
Ending balance | 6,973 | ||
Individually Evaluated for Impairment | 751 | ||
Collectively Evaluated for Potential Impairment | $ 6,222 |
Note 4 - Accretable Discount on
Note 4 - Accretable Discount on Loans Acquired at Fair Value (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2016USD ($) | |
Balance | $ 3,302 |
Accretable yield | (393) |
Nonaccretable premium | 104 |
Balance | $ 3,013 |
Note 4 - Major Classifications
Note 4 - Major Classifications of Loans Summarized by Individually Evaluated for Impairment and Collectively Evaluated for Potential Losses (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | $ 5 | |
Collectively Evaluated for Potential Impairment | $ 171,128 | 170,164 |
Loans and Leases Receivable, Gross | 171,128 | 170,169 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 1,578 | 1,296 |
Collectively Evaluated for Potential Impairment | 98,391 | 101,762 |
Loans and Leases Receivable, Gross | 99,969 | 103,058 |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Individually Evaluated for Impairment | 1,578 | 1,301 |
Collectively Evaluated for Potential Impairment | 269,519 | 271,926 |
Loans and Leases Receivable, Gross | 271,097 | 273,227 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 5,412 | 8,072 |
Collectively Evaluated for Potential Impairment | 122,989 | 119,542 |
Loans and Leases Receivable, Gross | 128,401 | 127,614 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 3,261 | 4,188 |
Collectively Evaluated for Potential Impairment | 70,228 | 71,218 |
Loans and Leases Receivable, Gross | 73,489 | 75,406 |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Individually Evaluated for Impairment | 8,673 | 12,260 |
Collectively Evaluated for Potential Impairment | 193,217 | 190,760 |
Loans and Leases Receivable, Gross | 201,890 | 203,020 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 2,168 | 763 |
Collectively Evaluated for Potential Impairment | 62,637 | 59,724 |
Loans and Leases Receivable, Gross | 64,805 | 60,487 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 593 | 63 |
Collectively Evaluated for Potential Impairment | 13,362 | 16,597 |
Loans and Leases Receivable, Gross | 13,955 | 16,660 |
Commercial Portfolio Segment [Member] | Commercial and Industrial Sector [Member] | ||
Individually Evaluated for Impairment | 2,761 | 826 |
Collectively Evaluated for Potential Impairment | 75,999 | 76,321 |
Loans and Leases Receivable, Gross | 78,760 | 77,147 |
Commercial Portfolio Segment [Member] | Originated Loans [Member] | ||
Loans and Leases Receivable, Gross | 107,569 | 103,605 |
Commercial Portfolio Segment [Member] | Acquired Loans [Member] | ||
Loans and Leases Receivable, Gross | 208 | 550 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 181 | 229 |
Collectively Evaluated for Potential Impairment | 16,233 | 17,114 |
Loans and Leases Receivable, Gross | $ 16,414 | $ 17,343 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | $ 1,769 | $ 3,870 |
Loans and Leases Receivable, Gross | 1,769 | 3,870 |
Construction Portfolio Segment [Member] | Real Estate Sector [Member] | ||
Individually Evaluated for Impairment | 181 | 229 |
Collectively Evaluated for Potential Impairment | 18,002 | 20,984 |
Loans and Leases Receivable, Gross | $ 18,183 | $ 21,213 |
Consumer Portfolio Segment [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | $ 107,569 | $ 103,605 |
Loans and Leases Receivable, Gross | $ 107,569 | $ 103,605 |
Consumer Portfolio Segment [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | $ 208 | $ 550 |
Loans and Leases Receivable, Gross | $ 208 | $ 550 |
Consumer Portfolio Segment [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | $ 107,777 | $ 104,155 |
Loans and Leases Receivable, Gross | 107,777 | $ 104,155 |
Other Portfolio Segment [Member] | Originated Loans [Member] | ||
Individually Evaluated for Impairment | 7 | |
Collectively Evaluated for Potential Impairment | 6,292 | $ 4,592 |
Loans and Leases Receivable, Gross | $ 6,299 | $ 4,592 |
Other Portfolio Segment [Member] | Acquired Loans [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | ||
Loans and Leases Receivable, Gross | ||
Other Portfolio Segment [Member] | ||
Individually Evaluated for Impairment | ||
Collectively Evaluated for Potential Impairment | $ 6,299 | $ 4,592 |
Loans and Leases Receivable, Gross | 6,299 | 4,592 |
Originated Loans [Member] | ||
Individually Evaluated for Impairment | 7,768 | 9,069 |
Collectively Evaluated for Potential Impairment | 486,848 | 474,741 |
Loans and Leases Receivable, Gross | 494,616 | 483,810 |
Acquired Loans [Member] | ||
Individually Evaluated for Impairment | 5,432 | 5,547 |
Collectively Evaluated for Potential Impairment | 183,958 | 193,997 |
Loans and Leases Receivable, Gross | 189,390 | 199,544 |
Individually Evaluated for Impairment | 13,193 | 14,616 |
Collectively Evaluated for Potential Impairment | 670,813 | 668,738 |
Loans and Leases Receivable, Gross | $ 684,006 | $ 683,354 |
Note 5 - Deposits (Details Text
Note 5 - Deposits (Details Textual) - USD ($) $ in Millions | Mar. 31, 2016 | Dec. 31, 2015 |
Time Deposits, at or Above FDIC Insurance Limit | $ 26.8 | $ 33.1 |
Note 5 - Maturities of Time Dep
Note 5 - Maturities of Time Deposits (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
One Year or Less | $ 56,521 | |
Over One Through Two Years | 25,981 | |
Over Two Through Three Years | 15,659 | |
Over Three Through Four Years | 13,751 | |
Over Four Through Five Years | 14,534 | |
Over Five Years | 9,223 | |
Total | $ 135,669 | $ 145,651 |
Note 6 - Federal Funds Purchase
Note 6 - Federal Funds Purchased and Short-term Borrowings (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2016 | Dec. 31, 2015 | |
Federal Funds Purchased [Member] | ||
Average Balance Outstanding During the Period | $ 326 | $ 485 |
Average Balance Outstanding During the Period | 1.23% | 0.41% |
Maximum Amount Outstanding at any Month End | $ 5,900 | |
Other Short-term Debt [Member] | ||
Average Balance Outstanding During the Period | $ 583 | $ 7,347 |
Average Balance Outstanding During the Period | 0.69% | 0.37% |
Maximum Amount Outstanding at any Month End | $ 30,950 | |
Short-Term Borrowings | $ 9,360 | |
Balance at Period End | 0.51% | |
Securities Sold under Agreements to Repurchase [Member] | ||
Average Balance Outstanding During the Period | $ 23,420 | $ 23,303 |
Average Balance Outstanding During the Period | 0.22% | 0.24% |
Maximum Amount Outstanding at any Month End | $ 24,564 | $ 27,908 |
Short-Term Borrowings | $ 22,583 | $ 23,088 |
Balance at Period End | 0.19% | 0.18% |
Carrying Value | $ 27,249 | $ 26,033 |
Market Value | 27,401 | 26,063 |
Short-Term Borrowings | $ 22,583 | $ 32,448 |
Note 7 - Other Borrowed Funds48
Note 7 - Other Borrowed Funds (Details Textual) - USD ($) | 3 Months Ended | |
Mar. 31, 2016 | Dec. 31, 2015 | |
Federal Reserve Bank [Member] | ||
Line of Credit Facility, Commitment Fee Amount | $ 0 | |
Line of Credit Facility, Maximum Borrowing Capacity | 82,800,000 | |
Various Banks [Member] | ||
Long-term Line of Credit | 0 | $ 0 |
Line of Credit Facility, Maximum Borrowing Capacity | 40,000,000 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available | 297,000,000 | |
Line of Credit Facility, Commitment Fee Amount | $ 0 | |
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds | $ 20,000,000 |
Note 7 - Federal Home Loan Bank
Note 7 - Federal Home Loan Bank Advances (Details) - USD ($) $ in Millions | Mar. 31, 2016 | Dec. 31, 2015 |
Weighted Average [Member] | ||
Total | 1.80% | 1.80% |
Due in One Year | $ 3.5 | |
Due in One Year | 0.94% | |
Due After One Year to Two Years | $ 3.5 | $ 3.5 |
Due After One Year to Two Years | 1.35% | 0.94% |
Due After Two Years to Three Years | $ 4 | $ 4.5 |
Due After Two Years to Three Years | 1.67% | 1.41% |
Due After Three Years to Four Years | $ 6 | $ 6 |
Due After Three Years to Four Years | 1.88% | 1.78% |
Due After Four Years to Five Years | $ 5 | $ 6 |
Due After Four Years to Five Years | 2.09% | 1.97% |
Due After Five Years | $ 6 | $ 8 |
Due After Five Years | 2.32% | 2.27% |
Total | $ 28 | $ 28 |
Note 8 - Unused and Available C
Note 8 - Unused and Available Credit Balances of Financial Instruments Whose Contracts Represent Credit Risk (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Financial Standby Letter of Credit [Member] | ||
Financial instruments | $ 10,766 | $ 18,316 |
Performance Guarantee [Member] | ||
Financial instruments | 1,443 | 1,358 |
Construction Mortgages [Member] | ||
Financial instruments | 16,043 | 21,144 |
Personal Line Of Credit [Member] | ||
Financial instruments | 5,970 | 5,810 |
Overdraft Protection Lines [Member] | ||
Financial instruments | 6,111 | 6,051 |
Home Equity Lines of Credit [Member] | ||
Financial instruments | 14,594 | 14,491 |
Commercial Lines Of Credit [Member] | ||
Financial instruments | 50,628 | 45,584 |
Financial instruments | $ 105,555 | $ 112,754 |
Note 9 - Fair Value Disclosur51
Note 9 - Fair Value Disclosure (Details Textual) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2016USD ($) | Mar. 31, 2015USD ($) | Dec. 31, 2015USD ($) | |
Commercial Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | $ 1,430,000 | ||
Impaired Financing Receivable, Related Allowance | 377,000 | $ 408,000 | |
Real Estate Owned, Transfer to Real Estate Owned | 3,200,000 | ||
Other Real Estate, Valuation Adjustments | $ (566,000) | ||
Number of Properties Transferred to Other Real Estate Owned | 2 | 2 | |
Residential Portfolio Segment [Member] | Real Estate Sector [Member] | |||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | $ 254,000 | ||
Impaired Financing Receivable, Related Allowance | $ 52,000 | ||
Real Estate Owned, Transfer to Real Estate Owned | $ 111,000 | ||
Other Real Estate Owned, Number of Properties Sold | 1 | ||
Gains (Losses) on Sales of Other Real Estate | $ (5,000) | ||
Impaired Financing Receivable, with Related Allowance, Unpaid Principal Balance | 3,132,000 | 1,600,000 | |
Impaired Financing Receivable, Related Allowance | 751,000 | $ 417,000 | |
Real Estate Owned, Transfer to Real Estate Owned | 3,236,000 | $ 307,000 | |
Gains (Losses) on Sales of Other Real Estate | $ 19,000 | $ 7,000 |
Note 9 - Assets and Liabilities
Note 9 - Assets and Liabilities Reported Fair Value (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member] | ||
Available for sale securities | $ 48,599 | $ 51,188 |
Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member] | ||
Available for sale securities | 40,642 | 40,074 |
Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ||
Available for sale securities | 3,233 | 3,403 |
Fair Value, Inputs, Level 1 [Member] | Equity Securities - Mutual Funds [Member] | ||
Available for sale securities | 521 | 513 |
Fair Value, Inputs, Level 1 [Member] | Equity Securities [Member] | ||
Available for sale securities | 668 | 685 |
Available for sale securities | $ 93,663 | $ 95,863 |
Note 9 - Significant Unobservab
Note 9 - Significant Unobservable Inputs Used in the Fair Value Measurements (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2016 | Dec. 31, 2015 | ||
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | Market Approach Valuation Technique [Member] | |||
Impaired Loans | $ 2,369 | $ 1,155 | |
Fair Value, Inputs, Level 3 [Member] | OREO [Member] | Market Approach Valuation Technique [Member] | |||
OREO | $ 3,236 | 111 | |
Impaired Loans [Member] | Market Approach Valuation Technique [Member] | Minimum [Member] | |||
Significant Unobservable Input Value | [1] | 10.00% | |
Impaired Loans [Member] | Market Approach Valuation Technique [Member] | Maximum [Member] | |||
Significant Unobservable Input Value | [1] | 30.00% | |
OREO [Member] | Market Approach Valuation Technique [Member] | Minimum [Member] | |||
Significant Unobservable Input Value | [1] | 10.00% | |
OREO [Member] | Market Approach Valuation Technique [Member] | Maximum [Member] | |||
Significant Unobservable Input Value | [1] | 50.00% | |
Impaired Loans | $ 13,200 | $ 14,616 | |
[1] | Range includes discounts taken since appraisal and estimated values. |
Note 9 - Estimated Fair Value o
Note 9 - Estimated Fair Value of the Company's Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2016 | Dec. 31, 2015 |
Fair Value, Inputs, Level 1 [Member] | ||
Interest Bearing | $ 4,886 | $ 2,316 |
Interest Bearing | 4,886 | 2,316 |
Non-Interest Bearing | 7,695 | 9,024 |
Non-Interest Bearing | 7,695 | 9,024 |
Fair Value, Inputs, Level 3 [Member] | ||
Loans, Net | 677,033 | 676,864 |
Loans, Net | 694,320 | 692,373 |
Other Borrowed Funds | 28,000 | 28,000 |
Other Borrowed Funds | 28,483 | 27,830 |
Fair Value, Inputs, Level 2 [Member] | ||
Restricted Stock | 3,235 | 3,824 |
Restricted Stock | 3,235 | 3,824 |
Bank-Owned Life Insurance | 18,329 | 18,209 |
Bank-Owned Life Insurance | 18,329 | 18,209 |
Accrued Interest Receivable | 2,234 | 2,419 |
Accrued Interest Receivable | 2,234 | 2,419 |
Deposits | 689,950 | 679,299 |
Deposits | 690,599 | 678,921 |
Short-Term Borrowings | 22,583 | 32,448 |
Short-term Borrowings | 22,583 | 32,448 |
Accrued Interest Payable | 309 | 305 |
Accrued Interest Payable | 309 | 305 |
Interest Bearing | 4,886 | 2,316 |
Non-Interest Bearing | 7,695 | 9,024 |
Available for sale securities | 93,663 | 95,863 |
Bank-Owned Life Insurance | 18,329 | 18,209 |
Deposits | 689,950 | 679,299 |
Short-Term Borrowings | 22,583 | 32,448 |
Other Borrowed Funds | $ 28,000 | $ 28,000 |